TY 2018 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) John A Alia......................................................................
Director/Teller

5
.................
0

3,548

596

(2) James K Kendall......................................................................
Director

1.5
.................
0

596

(3) Pablo E Torres......................................................................
Director

1.5
.................
0

596

(4) James R Schuppe......................................................................
Director

1.5
.................
0

596

(5) David J Marifern......................................................................
Director/Teller

5
.................
0

2,998

596

(6) Michael D Marifern......................................................................
Vice Chairman/Director/Audit Chairman

1.5
.................
0

596

(7) Lawrence E Kessler......................................................................
Chairman/Director

1.5
.................
0

596

(8) Gerald A Schuetz......................................................................
Operations Manager/Director/Sect. Board

10
.................
0

18,300

596

(9) Daniel G Santelli......................................................................
President/CEO/Director

40
.................
0

74,064

596

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

Name of the organization

KENOSHA POLICE & FIREMENS CREDIT UNION

Employer identification number

39-0903874

Return Reference	Explanation
Form 990, Part IV, Line 26	Loans made to Directors or family members by the Credit Union were made on the same terms as offered to other members of the Credit Union. Per Instructions for Schedule L-do not report. We checked NO for this reason.
Form 990, Part VI, Section A, Line 2	We have a father and son who are on the Board of Directors.
Form 990, Part VI, Section A, Line 6	Our Organization has members.
Form 990, Part VI, Section A, Line 7a	Members of the governing body are elected by the members of our Credit Union at the Annual Membership Meeting.
Form 990, Part VI, Section A, Line 7b	At any meeting if the notice so indicates a majority of members present may direct the board to consider implementing any policy proposed by the member or reconsider any decision of the directors, officers or committees. Members may by three-fourths vote of members present remove any director or amend our by-law in accordance with Article X of our By-laws.
Form 990, Part VI, Section B, Line 11b	A copy of our final 2018 form 990 and required schedules and statements was made available to our governing body. At our April 2019 Board Meeting, management reviewed the contents with board members
Form 990, Part VI, Section B, Line 12c	At our annual re-organizational meeting held immediately following our annual membership meeting, all directors are reminded of our conflict of interest policy and the need for absolute compliance, along with the requirement to immediately report such if a conflict should arise any time during the year.
Form 990, Part VI, Section B, Line 15	Yearly salaries of our five employees are determined by a majority vote of the Directors at our annual re-organizational meeting held immediately following our annual meeting.
Form 990, Part VI, Section C, Line 19	form 990 and all governing documents, conflict of interest policy and financial statements are available to the public and our members. Governing documents and conflict of interest policy are kept on file at out office and may be viewed upon request during normal business hours. Copies of our financial statements are kept in our Board Minute book as well as posted in our office. They are also available through the National Credit Union Administration and the State of Wisconsin Office of Credit Unions.
Form 990, Part VII, Section A, Line 1a	No hours by any persons listed were devoted to any related organization for which compensation was reported in column F. Per our by-laws all directors receive reimbursement for all out of pocket expenses incurred as a result of their service as directors. The Board has mandated a maximum of $600.00 per year reimbursement for each director.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2018

Additional Data

Software ID:	18007995
Software Version:	v1.00

1	Briefly describe the organization’s mission or most significant activities: The Kenosha Police & Firemen's Credit Union is a cooperative, non profit corporation, incorporated under Wisconsin State Law to encourage thrift among it's members, create a source of credit at a fair and reasonable cost, and provide an opportunity for it's members to improve their economic and social condition.We are chartered as a Closed Credit Union with membership limited only to employees of the Kenosha Police and Fire Department and their immediate families.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	9
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	7
5	Total number of individuals employed in calendar year 2018 (Part V, line 2a) ......	5	5
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	97
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	97

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	106,915	123,607
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	152,341	131,550
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	259,256	255,157
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	106,926	118,022
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	73,433	76,432
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	180,359	194,454
19	Revenue less expenses. Subtract line 18 from line 12.......	78,897	60,703
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	9,947,940	9,760,444
21	Total liabilities (Part X, line 26).............	6,682,565	6,434,366
22	Net assets or fund balances. Subtract line 21 from line 20.....	3,265,375	3,326,078

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	Our Credit Union paid interest on Certificates of Deposit placed by our members. We began the year with 113 Certificates having a dollar value of $2,033,500.00. We ended the year with 110 Certificates with a dollar value of $1,905,000.00. A decrease of 3 Certificates and a decrease of $128,500.00. The total interest we paid on all Certificates for the year amounted to $19,476.00. Total Expenses $19,476.00

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	Our Credit Union paid interest on regular savings accounts for all our members with a minimum balance of $100.00 . We began the year with 958 member savings accounts with a dollar value of $4,641,190.00. We ended the year with 983 member savings accounts with a dollar value of $4,522,569.00. A increase of 25 member savings accounts with a decrease in dollar value of $118,621.00. The total interest we paid on all member savings accounts for the year amounted to $12,374.00. Total Expenses $12,374.00

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ 0 including grants of $ 0 ) (Revenue $ 0 )
4e	Total program service expenses0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	98,910	0	5,364

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$
h Total. Add lines 1a-1f.......		0

		Business Code
2a	Interest on loans	522130	116,575	116,575	0	0
b	Miscellaneous Income	522130	6,935	6,935	0	0
c	Non Operating Income	522130	97	0	97	0
d
e
f	All other program service revenue.		0	0	0	0
g	Total. Add lines 2a–2f ....		123,607

3 Investment income (including dividends, interest, and othersimilar amounts) ......			131,550	131,550	0	0
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)	0	0
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)	0	0
d	Net gain or (loss).....
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			0
12	Total revenue. See Instructions......			255,157	255,060	97	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21	0
2	Grants and other assistance to domestic individuals. See Part IV, line 22	0
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, line 15 and 16.	0
4	Benefits paid to or for members	0
5	Compensation of current officers, directors, trustees, and key employees ....	109,938
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	0
7	Other salaries and wages	0
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	0
9	Other employee benefits .......	0
10	Payroll taxes ...........	8,084
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	0
c	Accounting ...........	1,752
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	0
12	Advertising and promotion ....	706
13	Office expenses .......	11,264
14	Information technology ......	7,786
15	Royalties ..	0
16	Occupancy ...........	4,346
17	Travel ............	0
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	2,664
20	Interest ...........	31,849
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	4,320
23	Insurance ...	0
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	Wis CU Dues	6,014
b	Bond Insurance	5,115
c	Workman's Comp	-100
d	Miscellaneous	716
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	194,454	0	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			0	1	0
2	Savings and temporary cash investments .........			6,695,828	2	6,086,696
3	Pledges and grants receivable, net ......			0	3	0
4	Accounts receivable, net .............			3,225,110	4	3,627,561
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L .............
				0	5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L ..............
				0	6
7	Notes and loans receivable, net ....			0	7
8	Inventories for sale or use ........			0	8
9	Prepaid expenses and deferred charges ......			5,055	9	5,729
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	64,422
b	Less: accumulated depreciation	10b	46,795	21,947	10c	17,627
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15	22,831
16	Total assets. Add lines 1 through 15 (must equal line 34)...			9,947,940	16	9,760,444

17	Accounts payable and accrued expenses .....	7,875	17	6,797
18	Grants payable ...	0	18
19	Deferred revenue .........	0	19
20	Tax-exempt bond liabilities .........	0	20
21	Escrow or custodial account liability. Complete Part IV of Schedule D	0	21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..	0	22
23	Secured mortgages and notes payable to unrelated third parties ..	0	23
24	Unsecured notes and loans payable to unrelated third parties ..	0	24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	6,674,690	25	6,427,569
26	Total liabilities. Add lines 17 through 25..	6,682,565	26	6,434,366

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets		27
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....	0	30	0
31	Paid-in or capital surplus, or land, building or equipment fund ...	0	31	0
32	Retained earnings, endowment, accumulated income, or other funds	3,265,375	32	3,326,078
33	Total net assets or fund balances ...........	3,265,375	33	3,326,078
34	Total liabilities and net assets/fund balances ........	9,947,940	34	9,760,444

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....	0	0		0
b	Buildings ....	0	0	0	0
c	Leasehold improvements	0	0	0	0
d	Equipment ....	64,422	0	46,795	17,627
e	Other .....	0	0	0	0
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..					17,627

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
Member Savings	4,522,569
Members Certificate Of Deposit	1,905,000
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	6,427,569
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII