2025-04-02T10:59:05-05:00 2024-12-01 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-01-01 390909267 LA CROSSE BURLINGTON CREDIT UNION LACR 6087815040 1735 CREDIT UNION COURT LA CROSSE WI 54603 MEGAN ELLINGSON CFO, CO-OP CREDIT UNION 6083173765 2025-03-28 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-03-28 2024 2025-03-06 01:10:19Z X DOROTHY HANNON 1735 CREDIT UNION COURT LA CROSSE WI 54603 351165 0 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. X 5 5 2 7 0 0 6680 0 148896 165237 177666 185928 0 0 333242 351165 0 0 0 0 40439 46942 0 0 0 217681 199421 258120 246363 75122 104802 7651865 0 6680766 0 971099 0 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. 0 0 43662 0 27955 THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 59 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 11/30/2024 WE HAD 740 MEMBERS. 202701 0 137282 THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 254 NEW LOANS TO OUR MEMBERS DURING 2024. AS OF 11/30/24 WE HAD 461 LOANS TO OUR MEMBERS. 246363 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 329 0 2 1 0 0 0 0 0 0 0 0 X 5 5 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 0 0 X DOROTHY HANNON 6087815040 1735 CREDIT UNION COURT LA CROSSE WI 54603 ANDREW BRYE CHAIR 1.00 X X 0 0 0 MICHAEL KOZIARA VICE CHAIR (THRU 06/24) 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 DOROTHY HANNON PRESIDENT 55.00 X 40370 0 1211 40370 0 1211 0 0 0 0 0 INTEREST ON LOANS 522100 137282 137282 MEMBER FEE INCOME 522100 27955 27955 165237 185928 185928 351165 165237 0 185928 41581 2016 61 3284 165 2451 378 55053 5613 234 2607 20 DIVIDENDS EXPENSE 57994 ATM & MASTERMONEY EXPEN 37567 CREDIT CARD EXPENSE 10373 PROVISION FOR LOAN LOSS 8087 18879 246363 84436 0 3029128 0 0 0 0 0 3095374 0 0 10186 0 0 17561 0 0 0 1321942 0 0 93238 0 7651865 0 23872 6656894 0 6680766 0 X 0 0 0 0 971099 0 971099 0 7651865 0 X 104802 -1075901 X 0 0 0 BUILDING, EQUIPMENT & ALL MEMBER RELATIONSHIPS ($8,247,265) LESS LIABILITIES AND MEMBER SHARES ($7,171,363) AT TIME OF CONSOLIDATION 2024-12-01 1075901 BOOK VALUE OF ASSETS 390745853 CO-OP CREDIT UNION 100 E MAIN ST BLACK RIVER FALLS WI 54615 501(C)(14) 0 1 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: DOROTHY HANNON PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: DOROTHY HANNON, PRESIDENT OF LA CROSSE BURLINGTON CREDIT UNION, BECAME AN EMPLOYEE OF CO-OP CREDIT UNION AFTER THE MERGER. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION FILED ARTICLES OF MERGER/CONSOLIDATION WITH THE STATE OF WISCONSIN DURING 2024, CONFIRMING THEIR DISSOLUTION AT DECEMBER 1, 2024. DOCUMENTATION HAS BEEN ATTACHED TO THE FORM 990 FINAL FILING. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, 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, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDED THE INFORMATION NECESSARY TO THE ACCOUNTING FIRM TO PREPARE THE FORM 990. THE FORM 990 WAS THEN GIVEN TO MANAGEMENT FOR REVIEW AND BOARD APPROVAL PRIOR TO FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE ANNUAL BUDGET WHICH INCLUDES COMPENSATION FOR THE PRESIDENT AND ANY STAFF. FORM 990, PART VI, SECTION C, 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. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER UPON MERGER -1,075,901.