Wisconsin Credit Union Foundationinc

Organization Overview

Wisconsin Credit Union Foundationinc is located in Madison, WI. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Credit Union Foundationinc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Wisconsin Credit Union Foundationinc generated $188.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $147.9k during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 7 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.

Since 2015, Wisconsin Credit Union Foundationinc has awarded 24 individual grants totaling $200,815. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FOUNDATION RESOURCES PROMOTE CREDIT UNION DEVELOPMENT, HELP EDUCATE CREDIT UNION STAFF AND VOLUNTEERS, SUPPORT PROGRAMMING TO ENHANCE FINANCIAL LITERACY, AND SUPPORT THE CREDIT UNION SYSTEM IN TIMES OF NEED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION AWARDED GRANTS TOTALING $65,464 TO 9 WISCONSIN CREDIT UNIONS IN NEED OF SUPPORT FOR TECHNOLOGY AND OPERATIONS RELATED EXPENSES AND UPGRADES THAT WILL MEASURABLY ASSIST THE CREDIT UNION IN SERVING ITS MEMBERS.


THE FOUNDATION INVESTED IN THE FINANCIAL COUNSELING CERTIFICATION PROGRAM (FICEP) THAT CREDENTIALED 27 INDIVIDUALS AS CREDIT UNION CERTIFIED FINANCIAL COUNSELORS (CCUFCS), BRINGING THE TWO-YEAR TOTAL TO OVER 240. IN ADDITION, 23 INDIVIDUALS COMPLETED THE RE-CERTIFICATION PROCESS. THE FOUNDATION ENGAGED WITH SYSTEM PARTNERS TO FACILITATE FICEP. THE PROGRAM USED THE CREDIT UNION NATIONAL ASSOCIATION'S EXISTING FICEP TRAINING, WHICH INVOLVES SELF STUDY AND A SERIES OF WEBINARS, AND ENHANCED IT WITH ADDITIONAL PROGRAM CONTENT. THE ADDITIONAL CONTENT OFFERED INSIGHTS TO HELP PARTICIPANTS INTEGRATE COUNSELING ACROSS MULTIPLE TOUCH-POINTS WITH MEMBERS, THEREBY BROADENING THE SCOPE AND EFFECTIVENESS OF THEIR EFFORT. FUNDS FROM THE FOUNDATION CUT THE COST OF PARTICIPATION BY MORE THAN HALF.


THE FOUNDATION AWARDED $15,250 IN REAL SOLUTIONS GRANTS TO CREDIT UNIONS TO IMPLEMENT INNOVATIVE SERVICES AND PROGRAMS TO HELP BUILD FINANCIALLY STRONG, SELF-SUPPORTING FAMILIES AND COMMUNITIES IN WISCONSIN.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Hauser
Chair
$0
Liza Edinger
Vice Chair (thru Nov)
$0
Chris Felton
Treasurer
$0
Brett Thompson
Director
$0
Lora Benrud
Secretary
$0
Lisa Palma
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$31,445
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$139,923
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$171,368
Total Program Service Revenue$17,470
Investment income $2,987
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$3,698
Net Income from Gaming Activities $778
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $188,905

Grants Awarded

Over the last fiscal year, Wisconsin Credit Union Foundationinc has awarded $64,400 in support to 8 organizations.

Grant RecipientAmount

TOMAH AREA CREDIT UNION

Org PageRecipient Profile

Tomah, WI

PURPOSE: TO FUND A ROOF REPLACEMENT.

$10,000

HAYWARD COMMUNITY CREDIT UNION

Org PageRecipient Profile

Hayward, WI

PURPOSE: TO FUND REMOTE CAPTURE, BUSINESS DEBIT CARDS AND MOBILE BANKING.

$10,000

MARSHFIELD MEDICAL CENTER CREDIT UNION

Org PageRecipient Profile

Marshfield, WI

PURPOSE: TO FUND ESIGNATURE ADOPTION.

$10,000

IRON COUNTY COMMUNITY CREDIT UNION

Org PageRecipient Profile

Hurley, WI

PURPOSE: TO FUND TECHNOLOGY UPGRADES.

$8,000

WISCONSIN MEDICAL CREDIT UNION

Org PageRecipient Profile

Green Bay, WI

PURPOSE: TO FUND EMAIL MARKETING AND CONSULTING.

$7,950

ROYAL CREDIT UNION

Org PageRecipient Profile

Eau Claire, WI

PURPOSE: TO FUND VIRTUAL FINANCIAL EDUCATION FOR YOUNG ADULTS AND TO SUPPORT JAIL-BASED FINANCIAL EDUCATION PROGRAM.

$7,750
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wisconsin Credit Union Foundationinc has recieved totaling $56.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$56
View Grant Recipient Profile

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