2026-08-20T16:32:55-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2025-01-01 410840716 SMW FINANCIAL CREDIT UNION SMWF 5077471582 700 APOLLO DR LINO LAKES MN 55014 CHRIS STUEVEN CONTROLLER 6517471582 2026-08-19 1 LISA N RYSSEL CPA P00643670 7147955370 2026-08-19 2025 2025-03-06 01:10:19Z CHRIS STUEVEN 700 APOLLO DR LINO LAKES MN 55014 4687928 0 X WWW.SMWFCU.COM X CREDIT UNION 1953 MN BUILD TRUSTED RELATIONSHIPS AND STRONG FINANCIAL FUTURES. 5 5 20 7 8056 0 0 0 3725937 3824404 888302 847150 0 0 4614239 4671554 0 0 1155520 1040684 1490636 1398475 0 0 0 1760487 1808901 4406643 4248060 207596 423494 90508295 90797768 81767447 81168220 8740848 9629548 SMW FINANCIAL CREDIT UNION'S MISSION IS TO BUILD TRUSTED RELATIONSHIPS AND STRONG FINANCIAL FUTURES FOR OUR MEMBERS. MEMBERSHIP IS OPEN TO ANYONE WHO LIVES, WORKS, WORSHIPS, GOES TO SCHOOL OR VOLUNTEERS IN ANOKA, HENNEPIN, RAMSEY OR WASHINGTON COUNTIES OF MINNESOTA. 0 0 PROVIDED LOW COST FINANCIAL SERVICES TO 4,609 MEMBERS. SERVED MEMBERS INTERESTS BY ACCEPTING DEPOSITS, GRANTING LOANS, AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER. 0 0 0 0 0 0 0 0 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 1 0 0 0 1 1872 0 1 20 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 1 1 1 0 MN X CHRIS STUEVEN 6517471582 700 APOLLO DR LINO LAKES MN 55014 MICHAEL T DAY CHAIRMAN 1.00 X X 0 0 0 SCOTT W KLOETZKE DIRECTOR 1.00 X 0 0 0 JAY R STRUB DIRECTOR 1.00 X 0 0 0 MICHAEL G TRUDEAU DIRECTOR 1.00 X 0 0 0 JAMES WRIGHT DIRECTOR 1.00 X 0 0 0 DAN PIILOLA VP IT 40.00 X 102685 0 29880 ERIN MCNAMARA PRESIDENT/CEO 40.00 X 166860 0 26279 TANYA BACIGALUPO VP OF LENDING 40.00 X 113920 0 15358 CHRIS STUEVEN CONTROLLER 40.00 X 83573 0 29209 467038 0 100726 3 0 1 0 FINASTRA 555 SW MORRISON ST SUITE 300 PORTLAND OR 97204 CORE 108301 1 LOAN INTEREST 522100 3065040 3065040 OTHER OPERATING INCOME 524298 408164 408164 FEES & CHARGES 522100 351200 343144 8056 3824404 852524 852524 11000 16374 -5374 -5374 -5374 4671554 3816348 8056 847150 1040684 567764 659532 23498 54834 92847 15974 69482 137652 113786 577409 350778 205821 12794 219 153253 LOAN SERVICING 77668 MISC OPERATING EXPENSE 52712 CARD PROCESSING 34485 PROVISION FOR CREDIT LO 4166 2702 4248060 893736 823261 11433033 15592633 1000976 53944820 51973452 201876 165015 9245669 5284191 4019725 3961478 16297106 13514052 153000 154400 3564999 3612501 90508295 90797768 139037 156784 81628410 81011436 81767447 81168220 X 0 0 0 0 8740848 9629548 8740848 9629548 90508295 90797768 423494 465206 0 X 0 0 0 1796374 1796374 4896271 2900733 1995538 2553024 2383458 169566 3961478 TOTAL SHARES AND DEPOSITS 79585864 NONMEMBER DEPOSITS 1425572 81011436 0 0 0 ERIN MCNAMARA PRESIDENT/CEO 160860 0 6000 0 0 0 8715 0 17564 0 193139 0 0 0 ERIN MCNAMARA PRESIDENT/CEO SPLIT DOLLAR LOAN X 1000000 1000976 0 1 1 1000976 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP. MEMBERSHIP IS COMPOSED OF THOSE WHO LIVE, WORK, WORSHIP, VOLUNTEER, ATTEND SCHOOL, OR CONDUCT BUSINESS IN AND OTHER LEGAL ENTITIES IN ANOKA, HENNEPIN, RAMSEY, AND WASHINGTON COUNTIES, MINNESOTA AND PAY THE INITIAL INSTALLMENT THEREON AND ENTRANCE FEE IF ANY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN CREDIT UNION REGULATIONS REQUIRE APPROVAL OF THE MAJORITY OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND PRESIDENT/CEO WILL REVIEW AND APPROVE THE 990 PRIOR TO SUBMITTING TO THE INTERNAL REVENUE SERVICE. THE BOARD WILL BE NOTIFIED THE RETURN HAS BEEN COMPLETED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATIONS CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND BOARD MEMBERS. MANAGEMENT VERIFIES EMPLOYEES ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE BOARD REVIEWS AND DETERMINES IF ANY CONFLICT INVOLVING THE MANAGEMENT TEAM EXISTS. THE CONFLICT OF INTEREST POLICY COVERS ALL RESTRICTION ARISING IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS IS RESPONSIBLE FOR ESTABLISHING THE CEO'S COMPENSATION PLAN. THE CEO IS RESPONSIBLE FOR ESTABLISHING OTHER OFFICER COMPENSATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 MONTH END FINANCIAL STATEMENTS ARE POSTED ON SITE AND AVAILABLE ON REGULATORY SITES. SMW FINANCIAL LLC 700 APOLLO DR LINO LAKES MN 55014 271636681 LOAN GENERATION/CUSO MN 0 722342 SMW FINANCIAL CREDIT UNION