2024-11-06T09:43:24-06:00 2023-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2023-01-01 390744917 PROSPERA CREDIT UNION PROS 9208824800 4830 N BALLARD RD APPLETON WI 54913 MICHELLE MCCLELLAND CFO 9208824800 2024-11-05 1 1 JEFFREY DANEN CPA P01236582 9203369850 2024-11-05 2023 2024-10-15 13:58:12Z SHEILA SCHINKE 4830 N BALLARD RD APPLETON WI 54913 21710032 0 X MYPROSPERA.COM X 1934 WI A MEMBER-OWNED, NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION. 9 9 132 9 18743 7069 0 0 15546157 17999626 1369717 3697187 14721 13219 16930595 21710032 0 0 0 0 7568709 8560280 0 0 0 8065066 13093484 15633775 21653764 1296820 56268 364585520 376683794 334666236 346710592 29919284 29973202 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 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 6522 0 1 132 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 214831 0 109061 SHEILA M SCHINKE CEO 40.00 X 395645 0 103336 KRISTINA FLORES VP OF MARKETING 40.00 X 169109 0 34063 KARI CHRISTOPH CHRO 40.00 X 169114 0 40739 JOHN SCHEMM CLO 40.00 X 162395 0 84001 TODD THIEL CDTO 40.00 X 226842 0 69530 SHONNA PRICKETTE VP DIGITAL SERVICES 40.00 X 117611 0 27139 JEROME RAMUS VP COMMERCIAL LENDING 40.00 X 130756 0 6531 KYLE COURTNEY FINANCIAL ADVISOR 40.00 X 118282 0 18111 MATT COOPER DIRECTOR OF MEMBER SOLUTIONS 40.00 X 112137 0 5604 MARK DORESETT DIRECTOR OF IT 40.00 X 107055 0 31051 1923777 0 529166 12 0 1 0 0 INTEREST ON LOANS 522100 13903667 13903667 INTERCHANGE INCOME 522100 1605820 1605820 FEE INCOME 522100 1412976 1411178 1798 COMMISSIONS 522100 904798 896988 7810 OTHER OPERATING REVENUE 522100 172365 172365 17999626 3261531 48700 3212831 13219 0 13219 13219 4084 9135 435656 0 435656 435656 435656 21710032 18478458 18743 3212831 1337935 5178116 436215 1112641 495373 305251 65155 74783 754921 684127 624786 589599 22487 741 3035969 537180 52745 DIVIDEND EXPENSES 3124187 SERVICE CHARGES 1163568 LOAN SERVICING EXPENSE 1000127 PROVISION FOR LOAN LOSS 747601 310257 21653764 3059488 5385335 9107793 16022997 1249977 230866 835207 1201640 313234084 315280847 365930 275683 14257433 5011872 9204025 9245561 11368359 11183757 5798779 5957055 4991913 5757713 24303 0 5345662 6142340 364585520 376683794 2904047 7579940 94012 0 105000 21500000 331563177 317630652 334666236 346710592 X 0 0 6522282 0 23397002 29973202 29919284 29973202 364585520 376683794 X 56268 509516 -511866 X X 0 0 0 0 1 X 2400779 2400779 8218683 2649861 5568822 2825987 2023292 802695 811984 338719 473265 9245561 SHARES 317630652 317630652 PART IV, LINE 2B: WHEN NECESSARY, PROPERTY TAX ESCROW ACCOUNTS ARE HELD ON BEHALF OF MEMBERS. 1 COMMUNITY FOUNDATION FOR THE FOX VALLEY REGION 4455 W LAWRENCE STREET APPLETON WI 54914 391548450 501(C)(3) 25000 0 GENERAL SUPPORT PART I, LINE 2: GRANTS AND ASSISTANCE ARE GENERALLY LIMITED TO KNOWN LOCAL ORGANIZATIONS. X 1 1 X X X 0 1 0 SHEILA M SCHINKE CEO 362042 0 33603 0 0 0 62360 0 40976 0 498981 0 0 0 MICHELLE MCCLELLAND CFO 182326 0 32505 0 0 0 67488 0 41573 0 323892 0 0 0 TODD THIEL CDTO 191539 0 35303 0 0 0 67504 0 2026 0 296372 0 0 0 JOHN SCHEMM CLO 141845 0 20550 0 0 0 53662 0 30339 0 246396 0 0 0 KARI CHRISTOPH CHRO 146452 0 22662 0 0 0 25886 0 14853 0 209853 0 0 0 KRISTINA FLORES VP OF MARKETING 142799 0 26310 0 0 0 33843 0 220 0 203172 0 0 0 PART I, LINE 4B $45,000 WAS CONTRIBUTED TO A DEFERRED COMPENSATION 457(F) PLAN FOR SHEILA SCHINKE, CEO. $136,411 WAS CONTRIBUTED TO A DEFERRED COMPENSATION 457(F) PLANS FOR JOHN SCHEMM (CLO), MICHELLE MCCLELLAND (CFO), KRISTI FLORES (CXO), KARI CHRISTOPH (CHRO), AND TODD THIEL (CDTO). AS OF DECEMBER 31, 2023, THE CREDIT UNION HAS RECORDED AN ACCRUED LIABILITY TOTALING $505,198 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 $288,770 AS OF DECEMBER 31, 2023. SHEILA SCHINKE CEO SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT X 486664 514677 0 1 1 SHEILA SCHINKE CEO SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT X 387000 686963 0 1 1 1201640 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 FINANCIAL STATEMENTS ARE HUNG IN THE LOBBY FORM 990, PART XI, LINE 9: IMPLEMENTATION OF ASC 326 (CECL) -511,866. 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