Landmark Credit Union
- Assets
- $5.8b
- Revenue
- $240.1m
- Investments
- $22.2m
- Employees
- 1,073
- Location
- New Berlin, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-0203995
Organization Overview
Landmark Credit Union is located in New Berlin, WI. As of 12/2021, Landmark Credit Union employed 1,073 individuals. Landmark 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, Landmark Credit Union generated $240.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $168.2m during the year ending 12/2021. While expenses have increased by 8.8% 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
LANDMARK CREDIT UNION IS A MEMBER-OWNED NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW-COST FINANCIAL SERVICES TO OVER 364,792 MEMBERS, WHO RESIDE PRIMARILY IN SOUTHEASTERN WISCONSIN.
PROVIDED OVER 657,967 SAVINGS-TYPE ACCOUNTS TO THE CREDIT UNION'S MEMBERS. THE ACCOUNTS ARE STRUCTURED TO ENCOURAGE MEMBER THRIFT AND PROVIDE A COMPETITIVE RETURN ON THEIR SAVINGS.
GRANTED 54,847 LOANS TO CREDIT UNION MEMBERS, REPRESENTING APPROXIMATELY $2,959,349,140 AIMED AT MEETING THEIR RESPECTIVE FINANCING NEEDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Magulski Treasurer/ceo/president | OfficerTrustee | 50 | $850,602 |
Luke Hesprich Senior Investment Rep | 40 | $469,873 | |
Brian Melter Cxo | Officer | 50 | $464,864 |
Karen Braun Supervisor, Mortgage Lendi | 50 | $461,974 | |
David Powers CFO | Officer | 50 | $397,881 |
Mark Kennedy Clo | Officer | 50 | $386,687 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cg Schmidt Inc Building Construction | 12/30/21 | $11,254,312 |
Fiserv Data Services | 12/30/21 | $3,863,699 |
M&m Office Interiors Inc Office Furniture | 12/30/21 | $3,292,720 |
Cdw Direct Llc Business Solutions | 12/30/21 | $2,710,348 |
Jigsaw Llc Marketing | 12/30/21 | $2,648,774 |
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 | $234,729,202 |
| Investment income | $5,162,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,786 |
| Net Gain/Loss on Asset Sales | $140,517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,096,652 |
| 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 | $21,708,367 |
| Compensation of current officers, directors, key employees. | $3,558,176 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,531,471 |
| Pension plan accruals and contributions | $7,199,677 |
| Other employee benefits | $9,566,121 |
| Payroll taxes | $3,820,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $598,024 |
| Fees for services: Accounting | $158,153 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,966,675 |
| Advertising and promotion | $5,211,061 |
| Office expenses | $11,726,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,845,607 |
| Travel | $376,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,471,651 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,606,441 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $168,230,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,764,299 |
| Savings and temporary cash investments | $708,409,219 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,163,917 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,166,134,206 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,097,438 |
| Net Land, buildings, and equipment | $149,279,916 |
| Investments—publicly traded securities | $600,135,669 |
| Investments—other securities | $22,231,580 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $151,560,468 |
| Total assets | $5,849,776,712 |
| Accounts payable and accrued expenses | $87,139,892 |
| 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 | $180,105,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,007,503,726 |
| Total liabilities | $5,274,748,618 |
| 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 | $575,028,094 |
| Total liabilities and net assets/fund balances | $5,849,776,712 |
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