Unitedone Credit Union
- Assets
- $299.2m
- Revenue
- $14.2m
- Investments
- $3.0m
- Employees
- 111
- Location
- Manitowoc, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-0126914
Organization Overview
Unitedone Credit Union is located in Manitowoc, WI. As of 12/2021, Unitedone Credit Union employed 111 individuals. Unitedone 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 12/2021, Unitedone Credit Union generated $14.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $12.4m during the year ending 12/2021. While expenses have increased by 6.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNITEDONE CREDIT UNION IS A FINANCIAL COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED UNDER CHAPTER 186 OF THE WISCONSIN STATUTES TO ENCOURAGE THRIFT AMONG ITS MEMBERS, TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WE HAD PRODUCED A TOTAL OF $127,896,528 IN CONSUMER, BUSINESS, MORTGAGE, AND SECONDARY MARKET LOAN VOLUMES - THIS INCLUDES LOANS SOLD INTO THE SECONDARY MARKET OF $43,553,528. WE HAD NET LOAN GROWTH OF $4,756,519 IN CONSUMER, BUSINESS, AND MORTGAGE LOANS. THERE WERE 42,784 DEPOSIT ACCOUNTS. THE NUMBER OF MEMBERS AT YEAR END WERE 19,723 WITH A POTENTIAL MARKET OF 250,022.
MAINTAINED CURBSIDE SERVICE AND IMPLEMENTED VIRTUAL APPOINTMENTS WITH MEMBERS SO THEY COULD SAFELY COMPLETE THEIR TRANSACTION WITHOUT THE NEED TO ENTER A BRANCH DURING THE PANDEMIC.
PARTICIPATED IN THE SECOND ROUND OF THE PAYCHECK PROTECTION PROGRAM (PPP) SO SMALL BUSINESSES WITHIN OUR COMMUNITIES COULD ACCESS FUNDS AVAILABLE VIA THE SBA PROGRAM. THIS HELPED THESE BUSINESSES STAY OPERATIONAL DURING THE SAFER AT HOME ORDER AND LOWER SALES DUE TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Rooney Chief Executive Officer | Officer | 50 | $296,941 |
Jason Muench Financial Planner | 50 | $221,896 | |
Ashley Vandermause Chief Financial Officer | Officer | 50 | $188,573 |
Tammy Pelletier Chief Operations Officer | 50 | $164,020 | |
Amy Sonnemann Chief Lending Officer | 50 | $158,094 | |
Laura Fielding Chief Human Resources Officer | 50 | $148,794 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
It Group Llc It Consulting/core Servicer | 12/30/21 | $872,237 |
Edge One Hardware & Software Maintenance | 12/30/21 | $272,159 |
Ar Smart Marketing Inc Marketing | 12/30/21 | $111,250 |
Meridianlink Inc Loan Servicing | 12/30/21 | $101,587 |
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 | $13,746,264 |
| Investment income | $337,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,221 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,151,081 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,573 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $580,129 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,703,826 |
| Pension plan accruals and contributions | $104,626 |
| Other employee benefits | $791,414 |
| Payroll taxes | $366,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,028 |
| Fees for services: Accounting | $72,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $289,476 |
| Advertising and promotion | $351,467 |
| Office expenses | $706,549 |
| Information technology | $866,376 |
| Royalties | $0 |
| Occupancy | $325,404 |
| Travel | $12,622 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,967 |
| Interest | $1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $859,882 |
| Insurance | $121,076 |
| All other expenses | $45,024 |
| Total functional expenses | $12,417,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,591,007 |
| Savings and temporary cash investments | $39,856,953 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $417,162 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $208,381,814 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $886,102 |
| Net Land, buildings, and equipment | $4,748,754 |
| Investments—publicly traded securities | $26,416,024 |
| Investments—other securities | $2,954,114 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,963,114 |
| Total assets | $299,215,044 |
| Accounts payable and accrued expenses | $3,240,451 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $364,203 |
| 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 | $264,027,424 |
| Total liabilities | $267,632,078 |
| 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 | $31,582,966 |
| Total liabilities and net assets/fund balances | $299,215,044 |
Grants Awarded
Over the last fiscal year, Unitedone Credit Union has awarded $55,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Manitowoc, WI PURPOSE: Youth Sports complex sponsorship | $30,000 |
Manitowoc, WI PURPOSE: General purpose | $25,000 |
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Oneworld Community Health Centers Inc Omaha, NE | $55,753,804 | $50,338,832 |
Southlake Tri-City Management Corp Merrillville, IN | $41,327,791 | $57,011,175 |
Indiana Organ Procurement Organization Inc Indianapolis, IN | $65,218,746 | $57,064,127 |
Franklin College Of Indiana Franklin, IN | $160,839,660 | $64,884,316 |
Vivent Health Inc Milwaukee, WI | $84,987,861 | $66,654,563 |
Donald Danforth Plant Science Center Saint Louis, MO | $503,520,795 | $58,321,490 |
Wheaton Franciscan Healthcare - Southeast Wisconsin Inc St Louis, MO | $170,280,677 | $49,335,705 |
United Brotherhood Of Carpenters & Joiners Of America Greenwood, IN | $122,593,290 | $51,465,869 |
Industrial Manufacturing Professional And Commercial Trust Lexington, KY | $8,502,513 | $49,520,230 |