Prime Financial Credit Union
- Assets
- $141.8m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 71
- Location
- Cudahy, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-0477300
Organization Overview
Prime Financial Credit Union is located in Cudahy, WI. As of 12/2021, Prime Financial Credit Union employed 71 individuals. Prime Financial 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, Prime Financial Credit Union generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 2.8% 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
PRIME FINANCIAL CREDIT UNION IS DEDICATED TO IMPROVING THE FINANCIAL WELL-BEING OF ITS MEMBERS BY PROVIDING INNOVATIVE, COMPETITIVE, AND HIGH-QUALITY SERVICES AND PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIME FINANCIAL CREDIT UNION IS THE AUTHENTIC FINANCIAL PARTNER OF CHOICE FOR A GROWING MEMBERSHIP THAT WISHES TO EXPERIENCE PERSONAL FINANCIAL SUCCESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chrisitine Moczynski CEO | Officer | 40 | $174,810 |
Colleen Jakubowski COO | Officer | 40 | $119,034 |
David Bieneman VP Of Finance | Officer | 40 | $92,794 |
Thomas Bolton Chairman | OfficerTrustee | 1 | $0 |
Dennis Degrave Vice Chairman | OfficerTrustee | 1 | $0 |
Eric Moore Secretary | OfficerTrustee | 1 | $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 | $6,467,277 |
| Investment income | $73,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,041 |
| Net Gain/Loss on Asset Sales | $23,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,962,704 |
| 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. | $386,638 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,349,180 |
| Pension plan accruals and contributions | $59,260 |
| Other employee benefits | $319,570 |
| Payroll taxes | $186,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,491 |
| Fees for services: Accounting | $73,978 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,696 |
| Advertising and promotion | $61,317 |
| Office expenses | $419,686 |
| Information technology | $508,276 |
| Royalties | $0 |
| Occupancy | $586,918 |
| Travel | $4,749 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,872 |
| Interest | $1 |
| Payments to affiliates | $32,594 |
| Depreciation, depletion, and amortization | $281,797 |
| Insurance | $20,999 |
| All other expenses | $72,935 |
| Total functional expenses | $6,626,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,676,429 |
| Savings and temporary cash investments | $2,508,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $105,188,913 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $493,348 |
| Net Land, buildings, and equipment | $5,409,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $275,899 |
| Intangible assets | $0 |
| Other assets | $2,204,824 |
| Total assets | $141,769,276 |
| Accounts payable and accrued expenses | $2,046,584 |
| 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 | $128,598,880 |
| Total liabilities | $130,645,464 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,723,703 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,400,109 |
| Total liabilities and net assets/fund balances | $141,769,276 |
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