2023-03-27T14:26:03-05:00 2022-12-31 990 2022-01-01 391094338 FOCUS Credit Union % DEAN WILSON FOCU 2622550833 N88W14930 Main St Menomonee Falls WI 53051 DEAN WILSON PRESIDENTCEO 2622550833 2023-03-27 DEAN WILSON 999009999 false 1 AAL2 IAL1 2022 2023-04-26 12:10:37Z X DEAN C WILSON N88W14930 MAIN ST MENOMONEE FALLS WI 53051 2568574 false X www.focus-cu.com X Financial Cooperative 1964 WI NOT FOR PROFIT FINANCIAL COOPERATIVE THRIFT WHICH PROVIDES FINANCIAL SERVICES TO BENEFIT THE MEMBERSHIP OF THE ORGANIZATION 7 7 0 7 7408 0 2332402 2372935 63779 187973 8178 7666 2404359 2568574 0 0 965692 0 0 1078951 2044643 2404359 523931 57409856 58597299 53147292 53810804 4262564 4786495 Providing financial services to our member-owners to maximize their financial future false false FOCUS CREDIT UNION GRANTED 699 MEMBER LOANS DURING 2022. AS OF DECEMBER 31, 2022 FCU HAD 104 MORTGAGE LOANS AND LINES OF CREDIT OUTSTANDING, 823 CREDIT CARDS OUTSTANDING AND 2,386 CONSUMER LOANS AND LINES OF CREDIT OUTSTANDING. FOCUS CREDIT UNION HAD DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 6,606 MEMBERS. DURING 2022 FCU OPENED 375 NEW MEMBER ACCOUNTS. false 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 true false false false false false false false false false false false false false false false false true 574 0 true 0 true true false false false false false false false false X 7 7 false false false false true true true true true false false false true true true false true true false false X DEAN C WILSON 2624371280 N88W14930 MAIN ST MENOMONEE FALLS WI 53051 DEAN C WILSON PRESIDENTCEO 55.00 X 185639 0 10292 KIMBERLY R YOUNGBLOOD SVPCOO 40.00 X 141834 0 8924 JOHN WEBER BOARD CHAIR 0.500 X 540 0 0 AMY BARRON BOARD SECRETARY 0.500 X 540 0 0 KIMBERLY ASHWOOD BOARD DIRECTOR 0.500 X 585 0 0 STEVE SWEENEY BOARD TREASURER 0.500 X 495 0 0 KATIE ISH BOARD DIRECTOR 0.500 X 360 0 0 TRACIE PARENT BOARD DIRECTOR 0.500 X 270 0 0 RYAN CEPICAN VICECHAIR 0.500 X 405 0 0 330668 19216 2 false true false Loan Income 522291 1712157 1712157 Other Member Fees 522100 353771 353771 Card Services Intercha 522210 286939 286939 Insurance Commissions 524298 12660 12660 Atm Fees Warranty Co 522299 7408 7408 2372935 187973 187973 7666 7666 0 2568574 2561166 7408 327473 327473 497199 497199 33937 33937 107083 107083 22195 22195 126689 126689 35328 35328 131878 131878 103049 103049 112792 112792 7226 7226 18656 18656 89284 89284 Member Card Processing 196356 196356 Provision for loan Losses 34000 34000 loan Servicing Expenses 132727 132727 Dividends on Shares 68771 68771 2044643 2044643 0 0 519783 576359 13644261 11293279 38390536 41790122 836649 856866 2669197 1338945 1375041 1330252 2643586 2750421 57409856 58597299 255672 367862 52891620 53442942 53147292 53810804 X 4262564 4786495 4262564 4786495 57409856 58597299 523931 X false false false false false false false false false false 474051 474051 1510878 809154 701724 684268 529791 154477 1330252 Clearing Accts 2750421 2750421 MEMBER DEPOSITS 53442942 53442942 P10, Ln 2 SCHEDULE D, PART X, LINE 2 - MEMBER DEPOSITS & SHARES false false false false false false false false false DEAN C WILSON PRESIDENTCEO 185639 10292 195931 KIMBERLY R YOUNGBLOOD SVPCOO 141834 8924 150758 JOHN WEBER BOARD CHAIR 540 540 AMY BARRON BOARD SECRETARY 540 540 KIMBERLY ASHWOOD BOARD DIRECTOR 585 585 STEVE SWEENEY BOARD TREASURER 495 495 KATIE ISH BOARD DIRECTOR 360 360 TRACIE PARENT BOARD DIRECTOR 270 270 RYAN CEPICAN VICECHAIR 405 405 Part VI Line 1a THE BOARD DELEGATES RATE AUTHORITY TO THE CEO WHO REPORTS ANY Part VI Line 1a CHANGES TO THE BOARD ON A MONTHLY BASIS Part VI Line 6 ALL MEMBERS ARE EQUAL. MEMBERSHIP REQUIREMENT IS A $25 DEPOSIT INTO Part VI Line 6 THE CREDIT UNION & ALL MEMBERS OF THE AGE OF MAJORITY RECEIVE 1 VOTE Part VI Line 7a ALL MEMBERS WITH A $25 DEPOSIT RECEIVE A SINGLE VOTE FOR THE BOARD Part VI Line 7a OF DIRECTORS ANNUALLY. Part VI Line 7b ANY BYLAWS CHANGES ARE REQUIRED TO BE BROUGHT BEFORE A SPECIAL Part VI Line 7b MEMBERSHIP MEETING AND A MAJORITY VOTE IS REQUIRED TO TAKE ACTION Part VI Line 11b THE CEO ALERTS THE BOARD OF DIRECTORS OF THE 990 FILING AT A BOARD Part VI Line 11b MEETING AND THE 990 FILING IS AVAILABLE FOR ANY MEMBERS REQUEST Part VI Line 12c EACH EMPLOYEE AND DIRECTORS SIGNS AN ANNUAL FRAUD NOTICE WHICH Part VI Line 12c REQUIRES EACH DIRECTOR TO ANNUALLY DISCLOSE ANY CONFLICTS Part VI Line 15a or b CEO ALL HAVE ANNUAL REVIEW WHERE THEIR SALARY REVIEWS Part VI Line 15a or b ARE MEASURED AGAINST INDUSTRY DATA. THIS PRACTICE IS 15+ YEARS OLD Part VI Line 19 FINANCIAL STATEMENTS ARE POSTED ANNUALLY IN EACH BRANCH LOBBIES