Schedule Cu-1 - Wisconsin Credit Union Adjustment To Income - 2011

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CU-1
Credit Union Adjustment to Income
Schedule
File with Wisconsin Form 4
2011
Wisconsin Department
Read instructions before filling in this schedule
of Revenue
Name
Federal Employer ID Number
Part I
Computation of Percentage of Income Earned From Public and Non-Public Deposits
(A)
(B)
Public Deposits
Total Deposits
1
Deposits on Hand:
a January 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b January 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c February 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d March 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e April 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
f
May 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
g June 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
h July 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
i
August 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
j
September 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
k October 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
l
November 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
m December 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
n TOTALS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Monthly Average (divide line 1n by 13) . . . . . . . . . . . . .
%
3a Percentage of public deposits (divide line 2, column A, by line 2, column B, and multiply by 100) . . 3a
.
.
%
3b Percentage of non-public deposits (subtract the percentage on line 3a from 100%) . . . . . . . . . . . . . . 3b
Part II
Computation of Adjustment for Income Earned From Non-Public Deposits
4
Enter the credit union's income as reported or included on Form 4, line 1, plus the credit union's
addition modifications from Schedule V and minus its subtraction modifications from Schedule W
(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Skip to line 9 if you are using the shortcut method.
5
Enter the credit union's expenses directly related to income from deposits (enter as a positive
number) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6
Add lines 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7
Multiply the amount on line 6 by the percentage of non-public deposits on line 3b and enter the
result . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8
Enter the credit union's expenses directly related to income from non-public deposits
(enter as a positive number) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9
Subtract the amount on line 8 from the amount on line 7 and enter the result . Shortcut method:
Multiply the amount on line 4 by the percentage of non-public deposits on line 3b and enter the
result . Using either method, this is the amount of exempt income earned from non-public deposits .
Enter or include this amount on Schedule W, line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
IC-080

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