2024-11-14T16:16:39-05:00 2023-12-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2023-01-01 390909267 LA CROSSE BURLINGTON CREDIT UNION LACR 6087815040 1735 CREDIT UNION COURT LA CROSSE WI 54603 DOROTHY HANNON PRESIDENT 6087815040 2024-10-13 true true PETER RASMUSSEN P01888997 6083173765 2024-11-14 X 2023 2024-10-15 13:58:12Z DOROTHY HANNON 1735 CREDIT UNION COURT LA CROSSE WI 54603 333242 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. 5 5 1 7 0 4000 6680 123788 148896 59738 177666 0 187526 333242 0 0 36571 40439 0 0 157524 217681 194095 258120 -6569 75122 7932710 7651865 7036733 6680766 895977 971099 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 118 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 915 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 304 NEW LOANS TO OUR MEMBERS DURING 2023. AS OF 12/31/23 WE HAD 338 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 191 0 true 1 true false false false false false false false false X 5 5 false false false false true true true true true false false false true true true false true true false false X DOROTHY HANNON 6087815040 1735 CREDIT UNION COURT LA CROSSE WI 54603 DOROTHY HANNON PRESIDENT 55.00 X 36502 0 1095 ANDREW BRYE CHAIR 1.00 X X 0 0 0 MICHAEL KOZIARA VICE CHAIR 1.00 X X 0 0 0 EMEST KOMPERUD III TREASURER 1.00 X X 0 0 0 PAUL MATL SECRETARY 1.00 X 0 0 0 CHARLES DILLON DIRECTOR 1.00 X 0 0 0 36502 1095 false false false 6680 6680 INTEREST ON LOANS 115873 115873 MEMBER FEE INCOME 33023 33023 148896 177666 177666 333242 148896 177666 36502 1095 2842 4560 481 109745 26657 7101 1157 5337 11817 PROVISION LOAN LOSS 27700 DIVIDENDS EXPENSES 23126 258120 0 0 0 119466 84436 3853458 3029128 2564844 3095374 16007 10186 229124 211563 18997 17561 1269942 1321942 89996 93238 7932710 7651865 26653 23872 7010080 6656894 7036733 6680766 X 895977 971099 895977 971099 7932710 7651865 75122 X false false 5795 5795 67630 56893 10737 155699 154670 1029 17561 INVESTMENTS WITH MATURITY > 1 YEAR 1248000 C CORP CU CAPITAL ACCOUNTS 63942 C INVESTMENT IN CUSO 10000 C 1321942 MEMBER SHARES & DEPOSITS 6656894 6656894 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 THE DRAFT TO THE BOARD FOR REVIEW VIA E-MAIL OR, IF TIMELY, AT THE BOARD MEETING. MANAGEMENT AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT PRESENTS THE FINAL 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.