2023-11-15T10:02:34-06:00 2022-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2022-01-01 390744917 PROSPERA CREDIT UNION PROS 9208824800 4830 N BALLARD RD APPLETON WI 54913 MICHELLE MCCLELLAND CFO 9208824800 2023-11-09 1 MICHELLE MCCLELLAND 999009999 0 JEFFREY DANEN CPA P01236582 9203369850 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHEILA SCHINKE 4830 N BALLARD RD APPLETON WI 54913 16941463 0 X MYPROSPERA.COM X 1934 WI A MEMBER-OWNED, NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION. 9 9 131 9 39848 8525 0 0 14686679 15546157 664975 1369717 13717 14721 15365371 16930595 25000 0 0 0 6521879 7568709 0 0 0 6262144 8065066 12809023 15633775 2556348 1296820 346117362 364585520 316112806 334666236 30004556 29919284 X PROSPERA CREDIT UNION IS COMMITTED TO HELPING OUR MEMBERS PROSPER FINANCIALLY TO ENHANCE THEIR QUALITY OF LIFE. PROSPERA OPERATES AS A CREDIT UNION PROMOTING THRIFT, PROVIDING CREDIT AT A FAIR AND REASONABLE COST AND OFFERING VARIOUS OTHER SERVICES TO BENEFIT ITS MEMBERS. 0 0 THE ORGANIZATION OPERATES AS A FINANCIAL COOPERATIVE SERVING AND OWNED BY ITS MEMBERS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 7396 0 1 131 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X SHEILA SCHINKE 9208824803 4830 N BALLARD RD APPLETON WI 54913 LOUIS LICARI BOARD MEMBER 1.00 X 0 0 0 JILL UITENBROEK SECRETARY 2.00 X X 0 0 0 JILL RONK TREASURER 2.00 X X 0 0 0 TOM CLIFFORD VICE CHAIR 2.00 X X 0 0 0 SCOTT BARR BOARD MEMBER 1.00 X 0 0 0 LINDSAY FENLON BOARD MEMBER 1.00 X 0 0 0 MELISSA BUBLITZ CHAIR 2.00 X X 0 0 0 TIM MCADOW BOARD MEMBER 1.00 X 0 0 0 BEAU ASHTON BOARD MEMBER 1.00 X 0 0 0 MICHELLE MCCLELLAND CFO 40.00 X 203666 0 99122 SHEILA M SCHINKE CEO 40.00 X 363598 0 110913 BARB BERKEN COO 40.00 X 155642 0 19842 KRISTINA FLORES VP OF MARKETING 40.00 X 151061 0 22778 KARI CHRISTOPH CHRO 40.00 X 163697 0 45391 JOHN SCHEMM CLO 40.00 X 276031 0 82428 JEFF GARRETT VP INVESTMENT SERVICES 40.00 X 314268 0 68227 JERRY RAMUS VP BUSINESS LENDING 40.00 X 133272 0 6657 TODD THIEL CDTO 40.00 X 106288 0 26629 SHONNA PRICKETTE VP BUSINESS OPERATIONS 40.00 X 108939 0 28396 1976462 0 510383 10 0 1 0 0 INTEREST ON LOANS 522100 11161843 11161843 FEE INCOME 522100 1630706 1625557 5149 INTERCHANGE INCOME 522100 1327688 1327688 COMMISSIONS 522100 1210858 1186724 24134 OTHER OPERATING REVENUE 522100 215062 215062 15546157 1380585 44485 1336100 14721 0 14721 14721 4156 10565 10868 -10868 -10868 -10868 16930595 15554647 39848 1336100 1313697 4555519 268175 990725 440593 203321 135333 69825 701566 633426 412866 477618 19336 295 794917 476593 48827 DIVIDEND EXPENSES 1239026 SERVICE CHARGES 1132176 LOAN SERVICING EXPENSE 941079 PROVISION FOR LOAN LOSS 416350 362512 15633775 2576127 3059488 26634963 11107793 775388 1249977 385361 835207 281404513 313234084 233614 365930 15210706 6006681 8985585 9204025 13178394 11368359 5646384 5798779 1145113 2991913 48579 24303 5103341 5345662 346117362 364585520 2431106 2904047 101752 94012 105000 313579948 331563177 316112806 334666236 X 0 0 6522282 6522282 23482274 23397002 30004556 29919284 346117362 364585520 1296820 -1382092 0 X X 0 0 0 0 1 X 1865962 1865962 8675536 2650750 6024786 3326660 2419557 907103 1342548 936374 406174 9204025 SHARES 331563177 331563177 PART IV, LINE 2B: WHEN NECESSARY, PROPERTY TAX ESCROW ACCOUNTS ARE HELD ON BEHALF OF MEMBERS. 1 PART I, LINE 2: GRANTS AND ASSISTANCE ARE GENERALLY LIMITED TO KNOWN LOCAL ORGANIZATIONS. X X 1 1 X X X 0 1 0 SHEILA M SCHINKE CEO 295407 0 68191 0 0 0 73787 0 37126 0 474511 0 0 0 JOHN SCHEMM CLO 140712 0 25470 0 109849 0 54328 0 28100 0 358459 0 0 0 JEFF GARRETT VP INVESTMENT SERVICES 123627 0 89293 0 101348 0 0 0 0 0 314268 0 0 0 MICHELLE MCCLELLAND CFO 172033 0 31633 0 0 0 61849 0 37273 0 302788 0 0 0 KARI CHRISTOPH CHRO 138468 0 25229 0 0 0 30817 0 14574 0 209088 0 0 0 BARB BERKEN COO 85666 0 25389 0 44587 0 19804 0 38 0 175484 0 0 0 KRISTINA FLORES VP OF MARKETING 130001 0 21060 0 0 0 22565 0 213 0 173839 0 0 0 PART I, LINE 4B $45,000 WAS CONTRIBUTED TO A DEFERRED COMPENSATION 457(F) PLAN FOR SHEILA SCHINKE, CEO. $116,286 WAS CONTRIBUTED TO A DEFERRED COMPENSATION 457(F) PLANS FOR JOHN SCHEMM (CLO), MICHELLE MCCLELLAND (CFO), BARB BERKEN (COO), KRISTI FLORES (CMO), KARI CHRISTOPH (CHRO), AND JEFF GARRETT (FINANCIAL ADVISOR). AS OF DECEMBER 31, 2022, THE CREDIT UNION HAS RECORDED AN ACCRUED LIABILITY TOTALING $323,787 RELATED TO THE 457(F) DEFERRED COMPENSATION PLANS. IN ADDITION, THE CREDIT UNION HAS ESTABLISHED A DEFERRED COMPENSATION 457(B) PLAN FOR CERTAIN KEY EMPLOYEES THAT IS EMPLOYEE FUNDED. THIS PLAN HAD AN ACCRUED BALANCE OF $192,027 AS OF DECEMBER 31, 2022. SHEILA SCHINKE CEO SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT X 486664 448207 0 1 1 SHEILA SCHINKE CEO SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT X 387000 387000 0 1 1 835207 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS MADE UP OF INDIVIDUAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION ONLY HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS. ONCE THE FINAL DRAFT IS PREPARED, IT IS SHARED WITH THE CEO & DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C WRITTEN RECORDS ARE KEPT AND THE BOARD REVIEWS AS SITUATIONS ARISE. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR THE CEO'S PERFORMANCE IS REVIEWED BY THE GOVERNANCE COMMITTEE. THE COMMITTEE HAS A COMPENSATION POLICY THAT WAS APPROVED BY THE BOARD AND THEY USE THIS POLICY IN DETERMINING COMPENSATION. INDEPENDENT THIRD PARTY INFORMATION THAT THE COMMITTEE MAY USE IS INDUSTRY GATHERED DATA, THROUGH A THIRD PARTY, COMPEASE, THE REVIEW PROCESS PLUS THIS INDEPENDENT INFORMATION IS THEN FORMULATED INTO A RECOMMENDATION TO THE BOARD. THE BOARD THEN HAS THE FINAL APPROVAL FOR CHANGES TO COMPENSATION FOR THE CEO. THE CEO CONDUCTS ANNUAL PERFORMANCE REVIEWS ON THE SENIOR MANAGEMENT TEAM AND THE SAME COMPENSATION PHILOSOPHY AND THIRD PARTY SOURCE IS USED TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 WILL BE MADE AVAILABLE UPON REQUEST. PART XII, LINE 2C EXPLANATION NO, THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CREDIT UNION FINANCIAL RESOURCES CORPORATION 4830 N BALLARD RD APPLETON WI 54913 391838743 FINANCIAL SERVICES WI C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0