Enterprise Credit Union
- Assets
- $34.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Brookfield, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0652280
Organization Overview
Enterprise Credit Union is located in Brookfield, WI. As of 12/2022, Enterprise Credit Union employed 11 individuals. Enterprise 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 12/2022, Enterprise Credit Union generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A COOPERATIVE, NOT-FOR-PROFIT CORPORATION, INCORPORATED TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERSHIP TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 168 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 3,432 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 267 NEW LOANS DURING 2022. AS OF 12/31/22 WE HAD 42,428 LOANS RECEIVABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Bashaw President/ce | Officer | 40 | $117,964 |
Lynn Vohl CFO | Officer | 40 | $53,000 |
Barbara Jalosky Treasurer (j | OfficerTrustee | 5.25 | $8,840 |
Gary Schmid Treasurer (j | OfficerTrustee | 1 | $0 |
George Moore Vice Chair | OfficerTrustee | 1 | $0 |
Betty Steinberger Chair | 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 | $957,514 |
| Investment income | $301,663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,849 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,443 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,435,199 |
| 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. | $179,804 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,388 |
| Pension plan accruals and contributions | $12,527 |
| Other employee benefits | $27,680 |
| Payroll taxes | $28,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,762 |
| Fees for services: Accounting | $5,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,041 |
| Advertising and promotion | $28,246 |
| Office expenses | $141,071 |
| Information technology | $118,590 |
| Royalties | $0 |
| Occupancy | $104,007 |
| Travel | $230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,298 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,700 |
| Insurance | $24,720 |
| All other expenses | $0 |
| Total functional expenses | $1,111,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,279 |
| Savings and temporary cash investments | $2,991,366 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,584 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,741,970 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $204,922 |
| Net Land, buildings, and equipment | $58,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,417,491 |
| Intangible assets | $0 |
| Other assets | $1,349,316 |
| Total assets | $34,282,099 |
| Accounts payable and accrued expenses | $329,630 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,050 |
| 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 | $32,905,249 |
| Total liabilities | $33,240,929 |
| 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 | $1,041,170 |
| Total liabilities and net assets/fund balances | $34,282,099 |
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