2024-11-14T12:04:05-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2023-01-01 410843373 PIPEFITTERS STEAMFITTERS CREDIT UNION PIPE 6512270771 6445 LAKE ROAD TERRACE 100 WOODBURY MN 55125 JENNIFER DAVIS PRESIDENT 6512270771 2024-11-11 1 0 TANYA MEDGAARDEN P01717240 5074347000 2024-11-11 2023 2024-10-15 13:58:12Z JENNIFER DAVIS 6445 LAKE ROAD TERRACE 100 WOODBURY MN 55125 2360509 0 1 X WWW.PIPEFITTERSCU.ORG X CU 1957 MN PROVIDE FINANCIAL SERVICES FOR MEMBERS AND THEIR FAMILIES OF UNION LOCAL 455 7 7 10 14 0 0 0 0 1521396 1600227 311248 747999 165733 12283 1998377 2360509 0 0 65313 114069 679207 805027 0 0 0 1070408 1028814 1814928 1947910 183449 412599 55270773 51735962 50105323 46264411 5165450 5471551 PROVIDE FINANCIAL SERVICES FOR MEMBERS AND THEIR FAMILIES OF UNION LOCAL 455. 0 0 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS CLOSED FIELD OF MEMBERSHIP: THE MEMBERS OF LOCAL 455 PIPEFITTERS STEAMFITTERS, AND THEIR FAMILY MEMBERS 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 863 0 10 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 MN X JENNIFER DAVIS 6512270771 6445 LAKE ROAD TERRACE WOODBURY MN 55125 ADAM HOEN BOARD CHAIRMAN 2.00 X X 500 0 0 JAKE YOUNG BOARD MEMBER 0.50 X 250 0 0 RYAN VAIL VICE CHAIRMAN 2.00 X X 550 0 0 PATRICK MOORE SECRETARY 2.00 X X 250 0 0 CURTIS JOHNSON BOARD MEMBER 2.00 X 650 0 0 MICHAEL MENNE BOARD MEMBER 2.00 X 600 0 0 MARK SLAGLE BOARD MEMBER 2.00 X 350 0 0 JENNIFER DAVIS PRESIDENT/CEO 40.00 X 200698 0 0 203848 0 0 1 0 1 0 0 LOAN INTEREST 522100 1381254 1381254 OTHER CHARGES 524298 118706 118706 FEES 522100 100267 100267 1600227 747999 747999 OTHER NON-OPERATING IN 522100 12283 12283 12283 2360509 1612510 0 747999 114069 203848 498675 47571 8897 46036 650 48140 121893 5314 206594 101020 23395 79981 LOAN SERVICING EXPENSE 295749 PROVISION FOR CREDIT LO 76054 OPERATING FEES 45356 MISCELLANEOUS 24668 1947910 424624 443209 18393000 16897000 24767969 25580030 53519 52323 744867 677552 197980 67315 2232000 2976000 7199625 3758542 2002056 1961543 55270773 51735962 510408 390565 49594915 45873846 50105323 46264411 X 0 0 0 0 5165450 5471551 5165450 5471551 55270773 51735962 X 412599 -106498 X 0 0 0 508285 457439 50846 236582 220113 16469 67315 HTM INVESTMENTS 2976000 C 2976000 INVESTMENTS IN CORP CU 3692042 C CUSO 12500 C CORP. PAID IN CAPITAL 54000 C 3758542 MEMBER SHARES 45873846 45873846 0 0 0 JENNIFER DAVIS PRESIDENT/CEO 200698 0 0 0 0 0 0 0 0 0 200698 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A CLOSED FIELD OF MEMBERSHIP TO THE LOCAL 455 PIPEFITTERS AND STEAMFITTERS UNION, AND THEIR FAMILIES. EACH MEMBER OF THE CREDIT UNION, APPROXIMATELY 3,367 HAVE EQUAL RIGHTS IN OWNERSHIP, GOVERNENCE AND VOTING RIGHTS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE ONE VOTE WHEN ELECTING THE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ANY SUCH APPROVAL IS DISCUSSED AND VOTED ON AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY JENNIFER DAVIS. FORM 990, PART VI, SECTION B, LINE 12C ALL CREDIT UNION EMPLOYEES AND VOLUNTEERS ANNUALLY REVIEW AND SIGN FRAUD POLICY AND CONFIDENTIALITY STATEMENT WHICH ARE KEPT IN BOARD MINUTES. POST MANAGEMENT REVIEW REPORTS ARE REVIEWED DAILY FOR TRANSACTIONS WHICH WOULD DEMONSTRATE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES A BOARD APPOINTED COMPENSATION COMMITTEE AND ALSO REVIEWS CUNA COMPLETE CREDIT UNION STAFF SALARY SURVEY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH POSTINGS IN THE OFFICE AND ON THE NATIONAL CREDIT UNION ADMINISTRATION WEBSITE. FORM 990, PART XI, LINE 9: CECL ADJUSTMENT -106,498.