2023-03-16T15:44:03-04:00 2022-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2022-01-01 410804553 AUSTIN CITY EMPLOYEES CREDIT UNION AUST 5074336580 711 4TH AVE NE AUSTIN MN 55912 ANN CHRISTIANSON TREASURER 5074336580 2023-03-15 true ANN CHRISTIANSON 999009999 false BRENT WOOKEY CPA P00062439 6087920843 2023-03-16 X 2022 2023-04-26 12:10:37Z MARILYN HANSEN 711 4TH AVE NE AUSTIN MN 55912 393572 false X WWW.AUSTINCITYECU.ORG X CREDIT UNION 1953 MN ACECU PROVIDES FINANCIAL SERVICES TO OUR MEMBERS THROUGH SAVINGS PRODUCTS, BY PROVIDING LOANS, AND WITH OTHER FINANCIAL SERVICES. 5 4 5 0 0 397629 333779 36646 58936 889 857 435164 393572 0 0 191330 155606 0 0 181597 183743 372927 339349 62237 54223 11500873 11423117 9996130 9864151 1504743 1558966 ACECU PROVIDES FINANCIAL SERVICES TO OUR MEMBERS THROUGH SAVINGS PRODUCTS, BY PROVIDING LOANS, AND WITH OTHER FINANCIAL SERVICES. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 92 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 808 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 132 NEW LOANS TO OUR MEMBERS DURING 2022. AS OF 12/31/2022 WE HAD 524 LOANS TO OUR MEMBERS. false false false false false false false false false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 174 0 true 5 true false false false false false false false false X 5 4 false false false false true true true true true false false false true true false false true true true false X MARILYN HANSEN 5074336580 711 4TH AVE NE AUSTIN MN 55912 MARILYN HANSEN PRESIDENT 40.00 X 59243 0 5924 ANN CHRISTIANSON TREASURER 8.00 X X 14400 0 0 KELLY LADY SECRETARY 0.50 X X 460 0 0 MELISSA SWENSON CHAIR 0.50 X X 240 0 0 JEAN CLARK VICE CHAIR 0.50 X X 220 0 0 TRICIA WEICHMAN DIRECTOR 0.50 X 160 0 0 74723 5924 false false false INTEREST ON LOANS 522130 272731 272731 OTHER MEMBER RELATED REVENUE 522130 50110 50110 MEMBER FEE INCOME 522130 10938 10938 333779 58936 58936 857 857 393572 333779 59793 74723 56471 9883 3577 10952 4200 410 370 100298 24438 11919 1272 514 15055 11531 DIVIDENDS EXPENSE 10145 PROVISION FOR LOAN LOSS 3591 339349 0 0 0 20000 20000 4683401 3838570 5156096 5926817 4096 4545 412244 213796 213503 198448 1305000 1305000 118777 129737 11500873 11423117 46053 54570 9950077 9809581 9996130 9864151 X 1504743 1558966 1504743 1558966 11500873 11423117 54223 X false false 36000 36000 235496 92643 142853 117620 106377 11243 23128 14776 8352 198448 INVESTMENTS W/MATURITY > 1 YR 1300000 C CORP CU CAPITAL ACCOUNT 5000 C 1305000 MEMBER SHARES & DEPOSITS 9809581 9809581 FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGER AND TREASURER PROVIDE DATA TO INDEPENDENT CPA WHO PREPARES THE 990. MANAGER AND TREASURER REVIEW THE RETRUN FOR ACCURACY, AND THEN AUTHORIZE CPA TO E-FILE THE APPROVED RETURN. MANAGER REVIEWS THE RETURN WITH THE BOARD OF DIRECTORS AT THE NEXT BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION COMMITTEE DETERMINES THE SALARY FOR THE PRESIDENT. THE BOARD OF DIRECTORS APPROVES THE COMPENSATION AND THIS IS RECORDED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION COMMITTEE DETERMINES THE SALARY FOR THE TREASURER. THE BOARD OF DIRECTORS APPROVES THE COMPENSATION AND THIS IS RECORDED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 THE BY-LAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY, AND A COPY IS PROVIDED UPON REQUESTED.