Compassionate Care Credit Union
- Assets
- $6.8m
- Revenue
- $274.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Fond Du Lac, WI
- Founding
- Data as of
- 12/2022
- EIN
- 23-7095138
Organization Overview
Compassionate Care Credit Union is located in Fond Du Lac, WI. As of 12/2022, Compassionate Care Credit Union employed 7 individuals. Compassionate Care Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2022, Compassionate Care Credit Union generated $274.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $270.7k during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A NON-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, ENCOURAGING REGULAR SAVINGS, AND MAINTAINING LONG-TERM FINANCIAL STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE DEPOSITS, TRANSACTION AND INVESTMENT ACCOUNTS WITH 1,292 MEMBERS AT END OF 12/31/2022. DURING 2022, WE OPENED 60 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
AS OF 12/31/2022 WE HAVE FUNDED 582 CONSUMER LOANS.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Vander Grinten President | Officer | 40 | $70,000 |
Dave Sehloff Chairperson | OfficerTrustee | 0 | $0 |
Loraine Carley Vice Chairperson | OfficerTrustee | 0 | $0 |
Lori Cardinal Secretary | OfficerTrustee | 0 | $0 |
Leann Feilbach Director | Trustee | 0 | $0 |
Evan Scherer Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $248,733 |
| Investment income | $24,279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,115 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,883 |
| Payroll taxes | $9,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,460 |
| Office expenses | $21,337 |
| Information technology | $41,122 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,083 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,001 |
| Insurance | $8,375 |
| All other expenses | $10,530 |
| Total functional expenses | $270,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,526 |
| Savings and temporary cash investments | $1,283,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,278,604 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,272 |
| Net Land, buildings, and equipment | $30,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $68,629 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,752,385 |
| Accounts payable and accrued expenses | $34,285 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,064,032 |
| Total liabilities | $6,098,317 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $654,068 |
| Total liabilities and net assets/fund balances | $6,752,385 |