Capital Credit Union
- Assets
- $2.4b
- Revenue
- $132.2m
- Investments
- $0.0
- Employees
- 584
- Location
- Green Bay, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-0394240
Organization Overview
Capital Credit Union is located in Green Bay, WI. As of 12/2023, Capital Credit Union employed 584 individuals. Capital 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 12/2023, Capital Credit Union generated $132.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $111.0m during the year ending 12/2023. While expenses have increased by 12.5% per year over the past 8 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 2014, Capital Credit Union has awarded 113 individual grants totaling $1,534,058. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CAPITAL CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION THAT OFFERS OUR MEMBERS MULTIPLE LOAN PRODUCTS AS WELL AS SHARE, SHARE DRAFT, CD AND IRA PRODUCTS. IN ADDITION, CAPITAL SERVES MEMBERS BY OFFERING AUTOMATED TELLER MACHINES, DIRECT DEPOSIT, CALL 24 ONLINE BANKING, DEBIT AND CREDIT CARDS, GIFT CARDS, SAFE DEPOSIT BOXES, E-STATEMENTS, BILL PAY AND MANY OTHER SERVICES. CAPITAL SERVES OVER 118,000 MEMBERS IN 12 NORTHEAST WISCONSIN COUNTIES: BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO AND EMPLOYEES OF GOODWILL INDUSTRIES OF NORTH CENTRAL WI INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL CREDIT UNION PROVIDES A FULL MENU OF LOAN PRODUCTS TO ITS 118,339 MEMBERS, BOTH CONSUMER LOANS AND MORTGAGES.
WITH A HIGH-RATE CHECKING ACCOUNT AND MONEY MARKET RATES THAT WERE AT THE TOP OF THE MARKET, WE WERE ABLE TO PROVIDE MEMBERS WITH INSURED, LIQUID ALTERNATIVES FOR THEIR DEPOSIT NEEDS.
CAPITAL DONATED IN EXCESS OF $505,000 TO VARIOUS LOCAL CHARITIES THROUGHOUT THE YEAR THROUGH OUR ELEVATE COMMUNITIES PROGRAM. CAPITAL CONTINUES TO SUPPORT LOCAL HOMELESS SHELTERS, MENTAL HEALTH INITIATIVES, AND MANY COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Vanzeeland Director | Trustee | 1.5 | $1,600 |
Heather Karcz Director | Trustee | 1.5 | $863 |
John Carrier Director | Trustee | 1.5 | $1,500 |
Keith Lucius Secretary | OfficerTrustee | 1.5 | $0 |
Melanie Haen Chair | OfficerTrustee | 3.5 | $2,455 |
Nancy Rietveld Director | Trustee | 1.5 | $805 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Core Processor | 12/30/23 | $5,959,313 |
Visa Usa Inc Debt Card Processing | 12/30/23 | $1,442,963 |
Michael Walters Advertising Inc Advertising Agency | 12/30/23 | $1,397,492 |
Digital Mark Group Llc Advertising | 12/30/23 | $453,044 |
John Petitjean Legal Fees | 12/30/23 | $427,844 |
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 | $107,348,989 |
| Investment income | $24,534,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $124,385 |
| Net Gain/Loss on Asset Sales | $230,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,237,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $508,364 |
| 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. | $1,707,898 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,997,458 |
| Pension plan accruals and contributions | $1,395,902 |
| Other employee benefits | $3,499,560 |
| Payroll taxes | $1,895,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $210,534 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,292 |
| Fees for services: Other | $1,098,679 |
| Advertising and promotion | $2,999,308 |
| Office expenses | $7,110,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,030,861 |
| Travel | $206,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $350,563 |
| Interest | $16,693,972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,932,874 |
| Insurance | $210,720 |
| All other expenses | $1,809,925 |
| Total functional expenses | $110,977,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,696,899 |
| Savings and temporary cash investments | $47,031,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $19,520,567 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,000,484,115 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,457,881 |
| Net Land, buildings, and equipment | $24,300,501 |
| Investments—publicly traded securities | $116,708,211 |
| Investments—other securities | $0 |
| Investments—program-related | $25,771,319 |
| Intangible assets | $10,304,357 |
| Other assets | $40,168,016 |
| Total assets | $2,428,442,866 |
| Accounts payable and accrued expenses | $39,090,634 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,107,892 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $145,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,965,933,726 |
| Total liabilities | $2,152,132,252 |
| 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 | $11,350,466 |
| Retained earnings, endowment, accumulated income, or other funds | $264,960,148 |
| Total liabilities and net assets/fund balances | $2,428,442,866 |
Grants Awarded
Over the last fiscal year, Capital Credit Union has awarded $143,233 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
APPLETON FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $12,967 |
ASHWAUBENON DEPARTMENT OF PUBLIC SAFETY PURPOSE: GENERAL SUPPORT | $11,115 |
CEREBRAL PALSY PURPOSE: GENERAL SUPPORT | $6,360 |
CROOKED LAKE VOLUNTEER FIRE DEPARTMENT INC PURPOSE: GENERAL SUPPORT | $7,000 |
EPHRAIM FIRE-RESCUE ASSOCIATION INC PURPOSE: GENERAL SUPPORT | $8,786 |
FOUNDATIONS HEALTH & WHOLENESS PURPOSE: GENERAL SUPPORT | $24,970 |