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2016 Annual Report

MISSION STATEMENT Building Financial Strength for Your Everyday Life ... Together

UnitedOne Credit Union is open to everyone living or working in Manitowoc, Sheboygan,

Kewaunee and Door Counties.

We’re here because you’re here!

MANITOWOC 684-0361

1117 S. 10th St. Walmart SuperCenter

SHEBOYGAN 451-8222

3509 Washington Ave.2122 Superior Ave. Aurora Sheboygan Memorial Medical Center

This credit union is federally insured by the National Credit Union Administration.

Your 2016 UnitedOne Board of Directors

John Schultz, ChairLarry Bahr, Vice Chair

Thomas Keil, SecretaryJill Pickett, Treasurer

Katelyn BurtonNorbert Carollo

Sherry Rezba James Schuessler

Beth Snyder

Assets 2015 2016Cash $ 3,906,044 $ 5,886,637 Net Loans 148,928,271 158,499,252 Investments 31,012,933 30,398,306 Furniture & Fixtures 928,974 1,611,783 Land & Buildings 3,834,583 3,579,088 Other Assets 1,471,928 1,120,743 Total Assets $190,082,733 $201,095,809

Liabilities 2015 2016Savings $ 165,800,357 $ 173,397,340Reserves 22,188,249 24,785,337 Accrued Interest 30,551 28,598 Notes Payable 0 0 Other Liabilities 2,063,576 2,884,534Total Liabilities $190,082,733 $201,095,809

Distribution of 2016 IncomeGross Income $10,760,865

Dividends $ 441,611 Operating Expenses $7,909,049 Reserves $2,410,205

$10,760,865

Income 2015 2016Interest on Loans $ 6,594,271 $ 6,972,363 Income on Investments 239,270 292,341 NCUSIF Corp. Stabilization 0 0 Other Income 3,102,057 3,496,161 Gross Income $9,935,597 $10,760,865

Expenses 2015 2016Employee Comp. & Benefits $ 3,882,933 $ 4,645,844

Office Occupancy & Operations 2,077,740 2,163,578

Travel & Conference 124,709 117,436 Advertising & Education 189,350 243,151 Loan Servicing 449,806 410,234 Professional & Outside Services 803,546 796,377 Operating Fees 33,858 34,677 Provision for Loan Loss 162,280 (541,315)NCUSIF Corp. Stabilization 0 0 Other Expenses 51,557 39,067 Dividends 417,255 441,611 Total Expenses 8,193,033 8,350,660

Net Income $1,742,564 $ 2,410,205