Civic Intelligence

First Choice Credit Union

990 • Fiscal year 2020 • EIN 39-1135610

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

1614 E 4th StreetMarshfield, WI 54449

(715) 387-8405

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.86x

Higher debt load relative to assets than 33% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

26.62x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Net Margin

66th percentile

13%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

15th percentile

$72,515

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Asset Growth

56th percentile

16%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

25th percentile

-9.8%

Faster revenue growth than 25% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

$41,794,281

No earlier filing loaded for comparison.

Net Assets

$5,865,842

No earlier filing loaded for comparison.

Liabilities

$35,928,439

No earlier filing loaded for comparison.

Revenue

$1,349,745

No earlier filing loaded for comparison.

Expenses

$1,176,078

No earlier filing loaded for comparison.

Net Income

$173,667

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $26,240,186Liabilities 2010: $22,298,680Net Assets 2010: $3,941,5062010Assets 2011: $27,237,702Liabilities 2011: $23,120,040Net Assets 2011: $4,117,6622011Assets 2012: $28,287,220Liabilities 2012: $23,971,121Net Assets 2012: $4,316,0992012Assets 2013: $28,944,766Liabilities 2013: $24,451,745Net Assets 2013: $4,493,0212013Assets 2014: $29,154,831Liabilities 2014: $24,510,924Net Assets 2014: $4,643,9072014Assets 2015: $31,196,411Liabilities 2015: $26,403,480Net Assets 2015: $4,792,9312015Assets 2016: $32,636,503Liabilities 2016: $27,700,715Net Assets 2016: $4,935,7882016Assets 2017: $33,881,186Liabilities 2017: $28,775,487Net Assets 2017: $5,105,6992017Assets 2018: $34,096,709Liabilities 2018: $28,747,596Net Assets 2018: $5,349,1132018Assets 2020: $41,794,281Liabilities 2020: $35,928,439Net Assets 2020: $5,865,8422020Assets 2021: $43,452,340Liabilities 2021: $37,538,976Net Assets 2021: $5,913,3642021Assets 2022: $44,491,609Liabilities 2022: $38,550,142Net Assets 2022: $5,941,4672022Assets 2024: $45,259,934Liabilities 2024: $38,426,775Net Assets 2024: $6,833,1592024

Highlighted filing

2020

Assets$41,794,281
Liabilities$35,928,439
Net Assets$5,865,842

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2010: $1,165,5362010Expenses 2011: $1,119,7702011Revenue 2012: $1,207,344Expenses 2012: $1,008,907Net Income 2012: $198,4372012Revenue 2013: $1,134,286Expenses 2013: $957,364Net Income 2013: $176,9222013Revenue 2014: $1,118,519Expenses 2014: $967,633Net Income 2014: $150,8862014Revenue 2015: $1,159,142Expenses 2015: $1,010,118Net Income 2015: $149,0242015Revenue 2016: $1,178,687Expenses 2016: $1,035,830Net Income 2016: $142,8572016Revenue 2017: $1,272,229Expenses 2017: $1,102,318Net Income 2017: $169,9112017Revenue 2018: $1,371,464Expenses 2018: $1,128,050Net Income 2018: $243,4142018Revenue 2020: $1,349,745Expenses 2020: $1,176,078Net Income 2020: $173,6672020Revenue 2021: $1,075,198Expenses 2021: $1,027,681Net Income 2021: $47,5172021Revenue 2022: $1,200,171Expenses 2022: $1,172,065Net Income 2022: $28,1062022Revenue 2024: $2,416,988Expenses 2024: $1,856,717Net Income 2024: $560,2712024

Highlighted filing

2020

Revenue$1,349,745
Expenses$1,176,078
Net Income$173,667
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$1,349,745
Mission and Program Overview

Mission

Fist Choice CU is a not-for-profit, member owned financial organization dedicated to providing its members a varity of financial products and services in a personal and professional manner at competitive rates and maintain the credit union's long term financial stability.

First choice cu is a not-for-profit, member owned financial organization dedicated to providing its members a variety of financial products and services in a personal and professional manner at competitive rates and maintain the credit union's long term financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$20,320,175$26,670,309▲ $6,350,134
Other Notes and Loans Receivable, Net$14,036,648$13,464,256▼ $572,392
Rtn Earn Endowment Incm Other Fnds$3,967,172$4,140,842▲ $173,670
Pd in Cap Srpls Land Bldg Eqp Fund$1,725,000$1,725,000→ $0
Cash and Non-Interest-Bearing Accounts$633,665$559,117▼ $74,548
Land, Buildings, and Equipment, Net$440,968$403,543▼ $37,425
Investments Program Related$265,741$265,741→ $0
Prepaid Expenses and Deferred Charges$70,958$55,723▼ $15,235
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$36,148,148$41,794,281▲ $5,646,133
Other Assets Total$379,993$375,592▼ $4,401
Liabilities
Other Liabilities$30,155,619$35,667,029▲ $5,511,410
Accounts Payable and Accrued Expenses$265,742$226,781▼ $38,961
Deferred Revenue$34,615$34,629▲ $14
Total Liabilities$30,455,976$35,928,439▲ $5,472,463
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,692,172$5,865,842▲ $173,670
Total Liabilities and Net Assets / Fund Balance$36,148,148$41,794,281▲ $5,646,133

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$174,721$324,047$498,768
Equipment$45,073$188,736$233,809
Land$183,749-$183,749
Other Land Buildings$0$7,299$7,299
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rob SchulzPresidentFT$69,062$3,453$72,515
Ken ForrestEvpFT$51,423$3,096$54,519

Board Members and Trustees

NameTitle
Dennis KmiecChairman
Jean LampiVice Chair
Dan Ross JrDirector
Debbie StanglDirector
Gary GrieserDirector
Kim FrederickSecretary
Jenni YetterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$942,306
Investment Income
$407,439
Other Revenue
$0
Change in Net Assets
$173,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$664,648
Salaries, Compensation, and Employee Benefits$511,430
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$286,393
Current Officers, Directors, Trustees, and Key Employees---$120,485
Office Expenses---$85,214
Other Employee Benefits---$52,832
Other Expenses---$49,900
Occupancy---$43,128
All Other Expenses---$41,390
Depreciation Depletion---$39,075
Payroll Taxes---$30,129
Fees for Services Other---$23,673
Pension Plan Contributions---$21,591
Fees for Services Accounting---$15,525
Payments to Affiliates---$15,433
Advertising---$14,337
Insurance---$13,230
Conferences and Meetings---$9,633
Information Technology---$4,412
Total Functional Expenses$0$0$0$1,176,078
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$35,667,029
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (board of directors).

Form 990, Part VI, Section A, Line 7A

The board of directors is elected by the membership utilizing their one vote per member.

Form 990, Part VI, Section A, Line 7B

Each member has one vote to utilize in ratifying significant decisions betond 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

President will review the 990 before it is filed.

Form 990, Part VI, Section B, Line 15

Salary committee reviews employee reviews, and wisconsin average salary book and make reccommendations to the entire board for their approval. Review annual cuna info.

Form 990, Part VI, Section C, Line 19

Governing docs, etc. Available to public. President has file for public to review upon request.

Filing and Contact Details

Filer

Filer Name
First Choice Credit Union
EIN
39-1135610
Phone
7153878405
Address
1614 E 4TH STREET, MARSHFIELD, WI 54449

Signing Officer

Name
Rob Schulz
Title
President
Phone
7153878405
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Schulz
Formed
1967
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
14
Volunteers
10

Preparer

Firm
Hawkins Ash Cpas Llp
Address
520 N BROADWAY SUITE 250, GREEN BAY, WI 54303
Preparer
Jeffrey Danen
Phone
9203369850
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING 3.

Financial Statement Notes

PART IV, LINE 2B:

When necessary , escrow accounts for mortgages are held on behalf of members. The balance in these accounts is included on line 25 of part x.

Raw XML Appendix376 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0265742
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0226781
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FIRST CHOICE CU IS A NOT-FOR-PROFIT, MEMBER OWNED FINANCIAL ORGANIZATION DEDICATED TO PROVIDING ITS MEMBERS A VARIETY OF FINANCIAL PRODUCTS AND SERVICES IN A PERSONAL AND PROFESSIONAL MANNER AT COMPETITIVE RATES AND MAINTAIN THE CREDIT UNION'S LONG TERM FINANCIAL STABILITY.
IRS990/AdvertisingGrp/TotalAmt014337
IRS990/AllOtherExpensesGrp/TotalAmt041390
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KEN FORREST
IRS990/BooksInCareOfDetail/PhoneNum07153878405
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01614 E 4TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0MARSHFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd054449
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0633665
IRS990/CashNonInterestBearingGrp/EOYAmt0559117
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0120485
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt09633
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0407439
IRS990/CYOtherExpensesAmt0664648
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0942306
IRS990/CYRevenuesLessExpensesAmt0173667
IRS990/CYSalariesCompEmpBnftPaidAmt0511430
IRS990/CYTotalExpensesAmt01176078
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01349745
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt034615
IRS990/DeferredRevenueGrp/EOYAmt034629
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt039075
IRS990/Desc0HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt014
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt015525
IRS990/FeesForServicesOtherGrp/TotalAmt023673
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.63
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.63
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt73453
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt83096
IRS990/Form990PartVIISectionAGrp/PersonNm0DAN ROSS JR
IRS990/Form990PartVIISectionAGrp/PersonNm1GARY GRIESER
IRS990/Form990PartVIISectionAGrp/PersonNm2JENNI YETTER
IRS990/Form990PartVIISectionAGrp/PersonNm3DEBBIE STANGL
IRS990/Form990PartVIISectionAGrp/PersonNm4DENNIS KMIEC
IRS990/Form990PartVIISectionAGrp/PersonNm5JEAN LAMPI
IRS990/Form990PartVIISectionAGrp/PersonNm6KIM FREDERICK
IRS990/Form990PartVIISectionAGrp/PersonNm7ROB SCHULZ
IRS990/Form990PartVIISectionAGrp/PersonNm8KEN FORREST
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt769062
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt851423
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8EVP
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01349745
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt04412
IRS990/InsuranceGrp/TotalAmt013230
IRS990/InvestmentIncomeGrp/ExclusionAmt0407439
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0407439
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0265741
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0265741
IRS990/IRPDocumentCnt0952
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0520082
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0440968
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0403543
IRS990/LandBldgEquipCostOrOtherBssAmt0923625
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FIRST CHOICE CU IS A NOT-FOR-PROFIT, MEMBER OWNED FINANICAL ORGANIZATION DEDICATED TO PROVIDING ITS MEMBERS A VARIETY OF FINANCIAL PRODUCTS AND SERVICES IN A PERSONAL AND PROFESSIONAL MANNER AT A COMPETITIVE RATE AND MAINTAIN THE CREDIT UNION'S LONG TERM FINANCIAL STABILITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05692172
IRS990/NetAssetsOrFundBalancesEOYAmt05865842
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt043128
IRS990/OfficeExpensesGrp/TotalAmt085214
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0379993
IRS990/OtherAssetsTotalGrp/EOYAmt0375592
IRS990/OtherChangesInNetAssetsAmt03
IRS990/OtherEmployeeBenefitsGrp/TotalAmt052832
IRS990/OtherExpensesGrp/Desc0DIVIDENDS ON SHARES
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSES
IRS990/OtherExpensesGrp/Desc2MEMBER ACCOUNT/CARD FEE
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt0139848
IRS990/OtherExpensesGrp/TotalAmt1116714
IRS990/OtherExpensesGrp/TotalAmt253136
IRS990/OtherExpensesGrp/TotalAmt349900
IRS990/OtherLiabilitiesGrp/BOYAmt030155619
IRS990/OtherLiabilitiesGrp/EOYAmt035667029
IRS990/OtherSalariesAndWagesGrp/TotalAmt0286393
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt014036648
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt013464256
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt015433
IRS990/PayrollTaxesGrp/TotalAmt030129
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01725000
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01725000
IRS990/PensionPlanContributionsGrp/TotalAmt021591
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt070958
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055723
IRS990/PrincipalOfficerNm0ROB SCHULZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3INSURANCE SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0761058
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1105732
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt249696
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt325820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0761058
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1105732
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt249696
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt325820
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0493576
IRS990/PYOtherExpensesAmt0654189
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01002624
IRS990/PYRevenuesLessExpensesAmt0343059
IRS990/PYSalariesCompEmpBnftPaidAmt0498952
IRS990/PYTotalExpensesAmt01153141
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01496200
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0173667
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03967172
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04140842
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020320175
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026670309
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0174721
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0324047
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0498768
IRS990ScheduleD/EquipmentGrp/BookValueAmt045073
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0188736
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0233809
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0183749
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0183749
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07299
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07299
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt035667029
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WHEN NECESSARY , ESCROW ACCOUNTS FOR MORTGAGES ARE HELD ON BEHALF OF MEMBERS. THE BALANCE IN THESE ACCOUNTS IS INCLUDED ON LINE 25 OF PART X.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0403543
IRS990ScheduleD/TotalLiabilityAmt035667029
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONSISTS OF MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BETOND 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)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRESIDENT WILL REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARY COMMITTEE REVIEWS EMPLOYEE REVIEWS, AND WISCONSIN AVERAGE SALARY BOOK AND MAKE RECCOMMENDATIONS TO THE ENTIRE BOARD FOR THEIR APPROVAL. REVIEW ANNUAL CUNA INFO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCS, ETC. AVAILABLE TO PUBLIC. PRESIDENT HAS FILE FOR PUBLIC TO REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING 3.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt036148148
IRS990/TotalAssetsEOYAmt041794281
IRS990/TotalAssetsGrp/BOYAmt036148148
IRS990/TotalAssetsGrp/EOYAmt041794281
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/TotalAmt01176078
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030455976
IRS990/TotalLiabilitiesEOYAmt035928439
IRS990/TotalLiabilitiesGrp/BOYAmt030455976
IRS990/TotalLiabilitiesGrp/EOYAmt035928439
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05692172
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05865842
IRS990/TotalOtherCompensationAmt06549
IRS990/TotalProgramServiceRevenueAmt0942306
IRS990/TotalReportableCompFromOrgAmt0120485
IRS990/TotalRevenueGrp/ExclusionAmt0407439
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0942306
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01349745
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt036148148
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt041794281
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01614 E 4TH STREET
IRS990/USAddress/CityNm0MARSHFIELD
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054449
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.FIRSTCHOICECREDITUNION.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROB SCHULZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07153878405
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST CHOICE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0391135610
ReturnHeader/Filer/PhoneNum07153878405
ReturnHeader/Filer/USAddress/AddressLine1Txt01614 E 4TH STREET
ReturnHeader/Filer/USAddress/CityNm0MARSHFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054449
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390912608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAWKINS ASH CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 N BROADWAY SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREEN BAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054303
ReturnHeader/PreparerPersonGrp/PhoneNum09203369850
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY DANEN
ReturnHeader/ReturnTs02021-11-15T14:02:12-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROB
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHULZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.3$38.4$6.83$2.42$1.86$0.56
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.5$38.6$5.94$1.20$1.17$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.5$37.5$5.91$1.08$1.03$0.05
2020Detailed filing. Detailed filing data is available for this year.$41.8$35.9$5.87$1.35$1.18$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.1$28.7$5.35$1.37$1.13$0.24
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.9$28.8$5.11$1.27$1.10$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.6$27.7$4.94$1.18$1.04$0.14
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.2$26.4$4.79$1.16$1.01$0.15
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.2$24.5$4.64$1.12$0.97$0.15
2013Detailed filing. Detailed filing data is available for this year.$28.9$24.5$4.49$1.13$0.96$0.18
2012Summary only. Only limited summary data is available for this year.$28.3$24.0$4.32$1.21$1.01$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.2$23.1$4.12$1.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$22.3$3.94$1.17