2025-05-07T10:08:51-05:00 2024-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-01-01 390745853 CO-OP CREDIT UNION CO-O 8002580023 100 E MAIN ST BLACK RIVER FALLS WI 54615 MEGAN ELLINGSON CHIEF FINANCIAL OFFICER 7152845333 2025-05-07 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-05-01 2024 2025-03-06 01:10:19Z TIMOTHY TRANBERG 100 E MAIN ST BLACK RIVER FALLS WI 54615 29212099 0 X WWW.COOPCU.COM X 1938 WI SERVING OUR MEMBERS, WHERE THEY ARE, THROUGH ALL STAGES OF LIFE. 7 7 121 13 9846 0 106099 28614 19782014 25801631 2204556 3261311 53823 74117 22146492 29165673 0 48303 0 0 6492343 7232618 0 0 0 12074533 18422351 18566876 25703272 3579616 3462401 533756251 571744845 475703152 508934896 58053099 62809949 X SERVING OUR MEMBERS, WHERE THEY ARE, THROUGH ALL STAGES OF LIFE. 1 0 CCU HAD DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 23,265 OF OUR MEMBERS AT 12/31. DURING 2024, CCU OPENED 8,346 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS. CCU FUNDED 3,543 LOANS DURING 2024. AS OF 12/31/24, CCU SERVICED 3,936 MORTGAGES/HOME EQUITY LOANS, 7,955 CONSUMER LOANS, 871 MEMBER BUSINESS LOANS, AND 3,284 CREDIT CARD ACCOUNTS WITH OUR MEMBERS. 0 1 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 0 0 0 1 13378 0 1 121 1 1 1 0 0 0 0 0 0 0 X 7 7 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X MEGAN ELLINGSON 8002580023 100 E MAIN ST BLACK RIVER FALLS WI 54615 SARAH LEBAKKEN VICE CHAIR 1.00 X X 9036 0 0 DAVID OVERLIEN SECRETARY 1.00 X X 7627 0 0 TIMOTHY TORKELSON CHAIR 1.00 X X 7432 0 0 DAVID OLSON DIRECTOR 1.00 X 7090 0 0 CAROL MARTIN DIRECTOR 1.00 X 7042 0 0 TIMOTHY BYOM DIRECTOR 1.00 X 6840 0 0 STEVEN HOGDEN TREASURER 1.00 X X 6528 0 0 ERIC CHRISINGER PRESIDENT/CEO (THRU 6/24) 40.00 X 232250 0 45982 TIMOTHY TRANBERG PRESIDENT/CEO 40.00 X 206298 0 45574 JAYME THOMPSON CHIEF LENDING OFFICER 40.00 X 118917 0 15271 MARIANNE TORKELSON CHIEF DEVELOPMENT OFFICER 40.00 X 109949 0 27752 MICHELE STEIEN CHIEF TALENT OFFICER 40.00 X 127059 0 31490 MEGAN ELLINGSON CHIEF FINANCIAL OFFICER 40.00 X 109472 0 44921 KRIS GOETZKA CHIEF OPERATIONS OFFICER 40.00 X 107342 0 33206 ERIC SKOGSTAD VP - AUDIT & COMP 40.00 X 103328 0 12291 1166210 0 256487 8 0 1 0 GODFREY & KAHN SC BIN318 MILWAUKEE WI 53288 LEGAL ADVISOR 114957 1 28614 28614 INTEREST ON LOANS 522100 22976763 22976763 OTHER MEMBER SERVICE FEES 522100 2081444 2071598 9846 MEMBER LOAN FEES 522100 390325 390325 INSURANCE SALES 522100 237276 237276 OFFICER LOAN INCOME 522100 94198 94198 21625 21625 25801631 3238387 3238387 45915 45915 18632 0 18632 18632 18632 69350 46426 22924 22924 22924 9570 9570 9570 29165673 25801355 9846 3325858 48303 1307077 3241618 327030 1992560 364333 114957 45114 124487 443523 749050 875487 486066 58793 149116 9901 705776 94663 DIVIDENDS ON SHARES 11595665 CARDS & ATM EXPENSE 1754232 SERVICING EXPENSE 526465 PROVISION FOR CREDIT LO 328863 360193 25703272 8056662 2983638 45915083 59519080 64925 1460440 3652495 3732402 434401945 458219186 463925 437432 16034606 6800061 9388282 9234545 2104571 11028322 1492000 9074801 3287943 20633562 20349857 533756251 571744845 4472448 4575690 188079 165201 1284035 1426469 469758590 502767536 475703152 508934896 X 0 0 0 0 58053099 62809949 58053099 62809949 533756251 571744845 X 3462401 218548 1075901 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1333614 1333614 9596976 3074367 6522609 5102403 3725694 1376709 1613 1613 9234545 MEMBERS SHARES & DEPOSITS 502767536 502767536 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS ESCROW ACCOUNTS FOR MEMBERS' REAL ESTATE TAXES AND INSURANCE FOR MEMBERS WHO CARRY A MORTGAGE LOAN. X 1 1 X X 0 1 0 ERIC CHRISINGER PRESIDENT/CEO (THRU 6/24) 199504 0 25000 0 7746 0 23225 0 22757 0 278232 0 0 0 TIMOTHY TRANBERG PRESIDENT/CEO 166932 0 32318 0 7048 0 20630 0 24944 0 251872 0 0 0 MICHELE STEIEN CHIEF TALENT OFFICER 94127 0 22572 0 10360 0 12706 0 18784 0 158549 0 0 0 MEGAN ELLINGSON CHIEF FINANCIAL OFFICER 84108 0 23056 0 2308 0 10947 0 33974 0 154393 0 0 0 PART I, LINE 1A ALL EMPLOYEES ARE OFFERED GOLF AND WELLNESS MEMBERSHIPS AT 50% UP TO $400. THE PRESIDENT/CEO'S GOLF MEMBERSHIP IS PAID FOR IN FULL BY THE CREDIT UNION. EXPENSES FOR OFFICERS AND HIGHEST COMPENSATED EMPLOYEES ARE AS FOLLOWS AND WERE INCLUDED IN TAXABLE COMPENSATION: GOLF MEMBERSHIP PARTICIPANTS: ERIC SKOGSTAD $400 TIM TRANBERG $918 JAYME THOMPSON $213 WELLNESS REIMBURSEMENT PARTICIPANTS: MEGAN ELLINGSON $368 JAYME THOMPSON $400 MARIANNE TORKELSON $180 PART I, LINE 4B MARIANNE TORKELSON AND KARLA LAUFENBERG PARTICIPATE IN A DEFERRED BONUS PLAN. ACCRUALS RELATING TO THIS PLAN DURING 2024: - MARIANNE TORKELSON $15,168 - KARLA LAUFENBERG $5,208 THERE WERE NO PAYOUTS FROM THIS PLAN DURING 2024. TIMOTHY TRANBERG OFFICER LIFE INSURANCE LIABILITY - SPLIT DOLLAR LIFE INSURANCE AGREEMENT X 124843 1294727 0 1 1 MICHELE STEIEN OFFICER LIFE INSURANCE LIABILITY - SPLIT DOLLAR LIFE INSURANCE AGREEMENT X 72742 815773 0 1 1 KRISTINE GOETZKA OFFICER LIFE INSURANCE LIABILITY - SPLIT DOLLAR LIFE INSURANCE AGREEMENT X 73134 820169 0 1 1 MEGAN ELLINGSON OFFICER LIFE INSURANCE LIABILITY - SPLIT DOLLAR LIFE INSURANCE AGREEMENT X 71490 801733 0 1 1 3732402 FORM 990, PART III, LINE 2 LA CROSSE BURLINGTON CREDIT UNION WAS ACQUIRED 12/1/2024. FORM 990, PART VI, SECTION A, LINE 2 TIMOTHY TORKELSON AND MARIANNE TORKELSON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP ID DEFINED BY THE ORGANIZATION'S BYLAWS AND IS LOCATED ON THEIR WEBSITE. GENERALLY DEPOSITORS ARE ELIGIBLE TO BE MEMBERS OF THE ORGANIZATIONS, THERE ARE CERTAIN GEOGRAPHIC REQUIREMENTS AND THERE ARE MEMBERSHIP DESIGNATIONS FOR CERTAIN EMPLOYEE AND FORMER EMPLOYEE GROUPS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SERVE A THREE YEAR TERM AND ARE ELECTED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED IN THE ORGANIZATION'S BYLAWS. ANY DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY REGULATORY AGENCY (I.E., NCUA, WISCONSIN OFFICE OF CREDIT UNIONS). 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 THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS CONSTANTLY MONITORED. EACH TIME AN ISSUE ARISES, THE POLICY IS REVIEW TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A THE CHIEF TALENT OFFICER LEADS THE REVIEW OF SALARY AND BENEFIT INFORMATION; WHICH IS COMPARED TO SURVEYS WE RECEIVE ANNUALLY FROM AMERICA'S CREDIT UNION AND WESTERN & CENTRAL WI WAGE SURVEY. THE WESTERN & CENTRAL WI WAGE SURVEY REVIEWS CERTAIN POSITIONS ON A ROTATING BASIS ACROSS MULTIPLE INDUSTRIES. THE PRESIDENT/CEO AND CHIEF TALENT OFFICER JOINTLY REVIEW THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES. THE DOCUMENT IS MAINTAINED BY THE CHIEF TALENT OFFICER. THE BOARD REVIEWS THE PRESIDENT/CEO'S COMPENSATION TO THE SURVEYS AND OTHER CREDIT UNION'S 990S DURING ITS EXECUTIVE SESSION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S RECORDS ARE KEPT AT THE CREDIT UNION FOR PUBLIC INSPECTION AND MEMBERS ARE ADVISED TO REQUEST THESE DOCUMENTS AT THE ANNUAL MEETING. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN MERGER 1,075,901.