2023-11-13T18:22:52-05:00 2022-12-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2022-01-01 390909267 LA CROSSE BURLINGTON CREDIT UNION LACR 6087815040 1735 CREDIT UNION COURT LA CROSSE WI 54603 DOROTHY HANNON PRESIDENT 6087815040 2023-10-30 true DOROTHY HANNON 999009999 false PETER RASMUSSEN P01888997 6083173765 2023-11-13 X 2022 2023-04-26 12:10:37Z DOROTHY HANNON 1735 CREDIT UNION COURT LA CROSSE WI 54603 187526 false X WWW.FORLBCU.COM X 1955 WI WE ARE A NON-PROFIT, MEMBER-OWNED FINANCIAL ORGANIZATION. WE STRIVE TO PROVIDE FINANCIAL SERVICES, EDUCATION, AND THE LONG-TERM STABILITY OF THE CREDIT UNION BY: ENCOURAGING THRIFT AMONG OUR MEMBERS; CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST; HELPING IMPROVE OUR MEMBERS' FINANCIAL CONDITION; PROVIDING EXCELLENCE IN MEMBER SERVICE THROUGH A PROMPT, FRIENDLY, AND KNOWLEDGEABLE STAFF; AND PROMOTING THE UNIQUENESS AND PHILOSOPHY OF THE CREDIT UNION SYSTEM. 4 4 1 7 0 4000 135175 123788 7187 59738 0 142362 187526 0 0 36521 36571 0 0 160415 157524 196936 194095 -54574 -6569 8525614 7932710 7623068 7036733 902546 895977 X WE ARE A NON-PROFIT, MEMBER-OWNED FINANCIAL ORGANIZATION. WE STRIVE TO PROVIDE FINANCIAL SERVICES, EDUCATION, AND THE LONG-TERM STABILITY OF THE CREDIT UNION BY: ENCOURAGING THRIFT AMONG OUR MEMBERS; CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST; HELPING IMPROVE OUR MEMBERS' FINANCIAL CONDITION; PROVIDING EXCELLENCE IN MEMBER SERVICE THROUGH A PROMPT, FRIENDLY, AND KNOWLEDGEABLE STAFF; AND PROMOTING THE UNIQUENESS AND PHILOSOPHY OF THE CREDIT UNION SYSTEM. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 102 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 921 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 208 NEW LOANS TO OUR MEMBERS DURING 2022. AS OF 12/31/22 WE HAD 329 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 80 0 true 1 true false false false false false false false false X 4 4 false false false false true true true true true false false true true true true true true true false false X DOROTHY HANNON 6087815040 1735 CREDIT UNION COURT LA CROSSE WI 54603 DOROTHY HANNON PRESIDENT 55.00 X 32968 0 989 CHARLES DILLON CHAIR 1.00 X X 0 0 0 TIMOTHY IRISH VICE CHAIR 1.00 X X 0 0 0 LAURIE CAFE TREASURER 1.00 X X 0 0 0 MICHAEL KOZIARA SECRETARY 1.00 X X 0 0 0 NANCY FISCHER DIRECTOR 1.00 X 0 0 0 PAUL MATL DIRECTOR 1.00 X 0 0 0 ANDREW BRYE DIRECTOR 1.00 X 0 0 0 32968 989 false false false 4000 4000 INTEREST ON LOANS 522130 93553 93553 MEMBER FEE INCOME 522130 30235 30235 123788 59738 59738 187526 123788 59738 32968 989 2614 4600 579 110095 21414 6134 506 4315 11233 DIVIDENDS EXPENSES 2148 PROVISION LOAN LOSS ADJST -3500 194095 0 0 0 146200 119466 5082244 3853458 2615083 2564844 21703 16007 228372 209375 20808 18997 565947 1269942 73629 89996 8525614 7932710 21510 26653 7601558 7010080 7623068 7036733 X 902546 895977 902546 895977 8525614 7932710 -6569 X false false 5795 5795 67630 55424 12206 154947 153951 996 18997 INVESTMENTS WITH MATURITY > 1 YEAR 1196000 C CORP CU CAPITAL ACCOUNTS 63942 C INVESTMENT IN CUSO 10000 C 1269942 MEMBER SHARES & DEPOSITS 7010080 7010080 FORM 990 - ORGANIZATION'S MISSION WE ARE A NON-PROFIT, MEMBER-OWNED FINANCIAL ORGANIZATION. WE STRIVE TO PROVIDE FINANCIAL SERVICES, EDUCATION, AND THE LONG-TERM STABILITY OF THE CREDIT UNION BY: ENCOURAGING THRIFT AMONG OUR MEMBERS; CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST; HELPING IMPROVE OUR MEMBERS' FINANCIAL CONDITION; PROVIDING EXCELLENCE IN MEMBER SERVICE THROUGH A PROMPT, FRIENDLY, AND KNOWLEDGEABLE STAFF; AND PROMOTING THE UNIQUENESS AND PHILOSOPHY OF THE CREDIT UNION SYSTEM. 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 THE PRESIDENT PROVIDES NECESSARY DATA TO INDEPENDENT PREPARER WHO COMPLETES THE RETURN. THE PRESIDENT REVIEWS THE RETURN FOR ACCURACY, THEN FORWARDS TO BOARD FOR REVIEW VIA E-MAIL AND/OR AT THE NEXT BOARD MEETING. MANAGEMENT THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE BOARD OF DIRECTORS AT THE NEXT MEETING. FORM 990, PAGE 6, PART VI, LINE 12C ON AN ANNUAL BASIS, THE POLICY IS REVIEWED BY THE BOARD AND KEY EMPLOYEES, AT WHICH TIME, AND AT ANY TIME DURING THE YEAR, ALL ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE ANNUAL BUDGET WHICH INCLUDES COMPENSATION FOR THE PRESIDENT AND ANY STAFF. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE YEAR-END FINANCIAL STATEMENTS ARE AVAILABLE IN THE LOBBY, PROVIDED AT THE ANNUAL MEETING, AND AVAILABLE UPON REQUEST.