2023-11-01T10:17:43-05:00 2022-12-31 FORVIS LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2022-01-01 390334442 GUARDIAN CREDIT UNION % JIM CHUDY GUAR 4145467450 7801 S HOWELL AVENUE OAK CREEK WI 53154 KEVIN NITKA CEO 4145467450 2023-11-15 true Kevin Nitka 999009999 Bernadette D Zita P00089845 6302829500 2023-11-15 2 2022 2023-04-26 12:10:37Z KEVIN NITKA 7801 S HOWELL AVENUE OAK CREEK WI 53154 13498485 false X WWW.GUARDIANCU.ORG X CU 1934 WI GUARDIAN CREDIT UNION IS A NOT FOR PROFIT MEMBER OWNED FINANCIAL COOPERATIVE DEDICATED TO BEING THE MEMBER'S PRIMARY FINANCIAL INSTITUTION BY PROVIDING SUPERIOR SERVICES. 7 7 115 7 240812 0 0 0 10172297 11828753 2680530 1669732 0 0 12852827 13498485 0 0 383838 504216 5555058 5578431 0 0 0 5487765 5751082 11426661 11833729 1426166 1664756 291729738 299131621 274897983 280635110 16831755 18496511 GUARDIAN CREDIT UNION IS A NOT FOR PROFIT MEMBER OWNED FINANCIAL COOPERATIVE DEDICATED TO BEING THE MEMBER'S PRIMARY FINANCIAL INSTITUTION BY PROVIDING SUPERIOR, COMPREHENSIVE, COURTEOUS AND PROMPT SERVICES. false false GUARDIAN CREDIT UNION IS THE LARGEST FULL-SERVICE CREDIT UNION HEADQUARTERED IN MILWAUKEE, WISCONSIN WITH $299 MILLION IN ASSETS PROVIDING SAVINGS AND LENDING SERVICES TO OVER 28,975 MEMBERS WORKING AND LIVING IN SOUTHEAST WISCONSIN. WE HAVE OVER $197.4 MILLION IN CONSUMER LOANS OUTSTANDING. IN ADDITION, WE SERVICE OVER $219.6 MILLION IN 1ST MORTGAGE LOANS INCLUDING $2.2 MILLION IN COMMERCIAL REAL ESTATE LOANS. WE HAVE TOTAL DEPOSITS IN EXCESS OF $272.4 MILLION INCLUDING REGULAR SAVINGS, CHECKING, CERTIFICATES OF DEPOSIT, IRA'S, HEALTH SAVINGS ACCOUNTS, CHRISTMAS CLUB AND YOUTH SAVINGS ACCOUNTS. 14,587 OF OUR MEMBERS HAVE A CHECKING ACCOUNT WITH US WHICH IS 50.3% OF OUR TOTAL MEMBERSHIP. MANY OF OUR CHECKING ACCOUNT MEMBERS USE DIRECT DEPOSIT AND OTHER ELECTRONIC DELIVERY CHANNELS SUCH AS INTERNET BANKING AND BILL PAYMENT. false false false false false false false true false true false true false true true false true false false false false false false false false false false false true false true false true true false false false false false true false false false true 2901 0 115 true true true false false false false false false false X 7 7 false false false false true true true true true false false true true true true true true true true false WI X JIM CHUDY 4145467450 11220 WEST OKLAHOMA AVE WEST ALLIS WI 53227 KEVIN NITKA CEO/BOARD TREASURER 50.0 0.0 X 232280 0 20710 STEVEN HEIDERER SENIOR VICE PRESIDENT 45.0 0.0 X 125213 0 13054 DAVID ZWASKA CHIEF CREDIT OFFICER 45.0 0.0 X 124737 0 4059 KEVIN CORREA CHIEF ADMINISTRATION OFFICER 40.0 0.0 X 117075 0 11236 JAMES CHUDY CHIEF ACCOUNTING OFFICER 45.0 0.0 X 117832 0 8087 THOMAS SLOEY MORTGAGE ORIGINATOR 40.0 0.0 X 104826 0 6666 ROBERT JELINEK BOARD CHAIRMAN 2.0 0.0 X X 0 0 0 JOHN BOSBOUS BOARD VICE CHAIRMAN 2.0 0.0 X X 0 0 0 DOUGLAS MILLER SECRETARY 1.0 0.0 X X 0 0 0 ROSE BARTKOWIAK DIRECTOR 1.0 0.0 X 0 0 0 PHILIP BAUER DIRECTOR 1.0 0.0 X 0 0 0 LEONARD COX DIRECTOR 1.0 0.0 X 0 0 0 DARCI MIDDAUGH DIRECTOR 1.0 0.0 X 0 0 0 821963 0 63812 8 false true false 0 0 LOAN INTEREST 900099 7431890 7431890 FEE INCOME 522100 3437213 3255748 181465 OTHER OPERATING INCOME 900099 959650 900303 59347 11828753 1274621 1274621 0 0 0 0 0 0 0 395111 395111 395111 395111 0 0 0 0 0 0 0 0 0 0 13498485 11587941 240812 1669732 0 0 0 504216 252990 0 4337351 83990 741167 162933 0 5014 49972 0 0 0 259440 0 2168646 0 0 655435 24756 0 0 0 0 822057 0 LOAN SERVICING 656438 EDUCATION/PROMOTIONAL EXPENSES 297031 BANK SERVICE CHARGES 209179 OPERATING FEES 28507 574607 11833729 6227097 3797396 27875000 16105000 0 0 0 0 0 407156 0 0 172605478 196307881 0 0 611029 1322950 21868880 11973702 10153204 9895178 0 0 0 0 67191216 61331817 0 0 7066714 9964243 291729738 299131621 1146323 1372071 0 0 0 147898 0 0 108668 28556 140593 129760 0 0 6830417 6848917 266671982 272107908 274897983 280635110 X 0 0 0 0 16831755 18496511 16831755 18496511 291729738 299131621 1664756 X false true X true false false true X 2287695 2287695 11503009 5342446 6160563 8078176 6631256 1446920 9895178 INVESTMENTS 61331817 C 61331817 0 SHARES AND DEPOSITS 272107908 272107908 X SCHEDULE D, PART IV, LINE 2B THE CREDIT UNION SERVICES FIRST MORTGAGE LOANS SOLD. CUSTODIAL ESCROW BALANCES ARE MAINTAINED IN CONNECTION WITH THESE LOANS. SCHEDULE D, PART X, LINE 2 The Credit Union is exempt, under Internal Revenue Code (IRC) 501(c)(14), from federal and state income taxes. The Credit Union has filed tax returns in the past for activities it has deemed taxable. The taxing authorities have the ability to assess taxes, penalties, and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the Credit Union's exempt purpose is not expected to have a material effect on the Credit Union's financial position or results of operations. The Credit Union follows the income tax standard for uncertain tax positions. As a result, the Credit Union evaluated its tax positions and determined no uncertain tax positions exist as of December 31, 2022 and 2021. The Credit Union's 2019 and subsequent tax years are open for examination by federal and state taxing authorities. X X X false false false KEVIN NITKA CEO/BOARD TREASURER 204404 6000 21876 7334 13376 252990 ROSEMARY BARTKOWIAK DIRECTOR CC-NORM.BUS.PRACTICE X 10000 1754 false false true ROSEMARY BARTKOWIAK DIRECTOR HELOC-NORM.BUS.PRACT X 30000 false false true DARCI MIDDAUGH DIRECTOR HELOC-NORM.BUS.PRACT X 70000 53138 false false true DARCI MIDDAUGH DIRECTOR NORMAL BUS. PRACTICE X 13000 6120 false false true KEVIN CORREA OFFICER 1ST MTGE-NORM.BUS.PR X 132000 109402 false true true DAVID ZWASKA OFFICER AUTO-NORM.BUS.PRACT. X 28836 7920 false true true DAVID ZWASKA OFFICER AUTO-NORM.BUS.PRACT. X 35000 24657 false true true RYAN JANSEN HIGHLY COMP. EE AUTO-NORM.BUS.PRACT. X 66029 62238 false true true RYAN JANSEN HIGHLY COMP. EE AUTO-NORM.BUS.PRACT. X 41110 38684 false true true RYAN JANSEN HIGHLY COMP. EE AUTO-NORM.BUS.PRACT. X 28140 21050 false true true RYAN JANSEN HIGHLY COMP. EE CC-NORM.BUS.PRACTICE X 7500 7339 false false true RYAN JANSEN HIGHLY COMP. EE CC-NORM.BUS.PRACTICE X 10000 9414 false false true ROBERT JELINEK DIRECTOR 1ST MTGE-NORM.BUS.PR X 70000 64427 false false true ROBERT JELINEK DIRECTOR HELOC-NORM.BUS.PRACT X 50000 false false true ROBERT JELINEK DIRECTOR CC-NORM.BUS.PRACTICE X 7000 1013 false false true Loans to Organization See Schedule O X -129760 277396 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS WHO ARE OWNERS OF THE CREDIT UNION AND ANNUALLY ELECT MEMBERS OF THE GOVERNING BODY. ALL MEMBERS HAVE THE SAME VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE ANNUALLY TO ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL BY MEMBERS INCLUDE MERGER OR NAME CHANGE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS ADDED TO THE MONTHLY BOARD MEETING AGENDA AND REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS EMPLOYEES SIGN A CONFLICT-OF-INTEREST STATEMENT ON AN ANNUAL BASIS. IF A CONFLICT OF INTEREST WERE TO BE DISCOVERED DURING THE COURSE OF THE YEAR, IT WOULD BE REPORTED BY OUR SVP AND CHIEF OPERATING OFFICER TO THE AUDIT COMMITTEE OF GUARDIAN CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15A THE HR COMMITTEE AND BOARD OF DIRECTORS EVALUATE AND REVIEW THE CEO'S COMPENSATION ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15B THE PROCESS FOR DETERMINING COMPENSATION FOR TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES IS BASED ON MARKET REVIEWS FOR CREDIT UNIONS IN OUR REGION AND BASED ON ASSET SIZE. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. SCHEDULE L, PART II LOANS TO ORGANIZATION: Rosemary Bartkowiak, Director $3,056 Darci Middaugh, Director $7,182 Kevin correa, Officer $21,197 David Zwaska, Officer $36,237 Ryan Jansen, Highly Comp EE $15,294 Robert Jelinek, Director $46,794 GUARDIAN TAX SERVICES LLC 4501 WEST GREENFIELD AVE WEST MILWAUKEE WI 53214 464097504 TAX PREP WI 59347 146752 GCU