Fox Communities Credit Union
- Assets
- $2.7b
- Revenue
- $104.4m
- Investments
- $0.0
- Employees
- 543
- Location
- Appleton, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0738415
Organization Overview
Fox Communities Credit Union is located in Appleton, WI. As of 12/2022, Fox Communities Credit Union employed 543 individuals. Fox Communities 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, Fox Communities Credit Union generated $104.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $86.1m during the year ending 12/2022. While expenses have increased by 11.7% 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 2022, Fox Communities Credit Union has awarded 20 individual grants totaling $413,241. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PARTNER WITH OUR MEMBERS, COMMUNITIES, AND FOX FAMILY TO BUILD STRONGER FINANCIAL FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER LOANS FOR PURCHASES OF RESIDENTIAL REAL ESTATE, CREDIT CARDS, AUTOMOBILES AND OTHER CONSUMER PURPOSES TO OUR INDIVIDUAL MEMBERS, AND OUR SMALL BUSINESS MEMBERS. AS OF 12/31/2022 WE HAD $1 BILLION OUTSTANDING IN RESIDENTIAL REAL ESTATE AND HOME EQUITY LOANS, $543 MILLION OUTSTANDING IN CONSUMER LOANS, AND $566 MILLION OUTSTANDING IN MEMBER BUSINESS LOANS.
WE OFFER DEPOSIT PRODUCTS TO INDIVIDUAL MEMBERS AS WELL AS BUSINESS MEMBERS THAT QUALIFY IN OUR FIELD OF MEMBERSHIP.
FOX DONATED IN EXCESS OF $675,000 TO VARIOUS LOCAL CHARITIES THROUGHOUT THE YEAR. FOX CONTINUES TO SUPPORT LOCAL NONPROFITS AND VOLUNTEERS AT MANY COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Scott Chair | OfficerTrustee | 1 | $11,100 |
Joanne Bogenschutz Secretary | OfficerTrustee | 1 | $9,000 |
Marty Docter Director | Trustee | 1 | $8,400 |
William Panella Director | Trustee | 1 | $7,900 |
Camille Kemnitz-Zizzo Treasurer | OfficerTrustee | 1 | $8,500 |
Krista Draheim Director/vp Strategic Planning | Trustee | 40 | $18,763 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Data Inc Software Services | 12/30/22 | $1,423,084 |
Business Lending Group Inc Underwriting Services | 12/30/22 | $1,617,152 |
Fiserv Inc Core Processor | 12/30/22 | $3,382,106 |
Deleers Construction Inc Construction Services | 12/30/22 | $3,007,918 |
Q2 Software Inc Software Hosting Services | 12/30/22 | $2,163,993 |
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 | $94,845,524 |
| Investment income | $10,947,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $474,969 |
| Net Gain/Loss on Asset Sales | -$3,015,078 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,390,989 |
| 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. | $2,274,582 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,625,012 |
| Pension plan accruals and contributions | $1,329,685 |
| Other employee benefits | $6,415,628 |
| Payroll taxes | $1,940,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $165,059 |
| Fees for services: Accounting | $202,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,438,242 |
| Office expenses | $2,711,223 |
| Information technology | $6,720,049 |
| Royalties | $0 |
| Occupancy | $2,450,131 |
| Travel | $306,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $365,139 |
| Interest | $7,363,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,775,056 |
| Insurance | $385,315 |
| All other expenses | $1,581,317 |
| Total functional expenses | $86,125,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,077,819 |
| Savings and temporary cash investments | $59,557,626 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,548 |
| Loans from Officers, Directors, or Controlling Persons | $1,787,593 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,107,584,259 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,149,046 |
| Net Land, buildings, and equipment | $44,091,203 |
| Investments—publicly traded securities | $367,730,721 |
| Investments—other securities | $0 |
| Investments—program-related | $25,353,457 |
| Intangible assets | $33,116 |
| Other assets | $52,703,853 |
| Total assets | $2,694,097,241 |
| Accounts payable and accrued expenses | $33,876,386 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,851,483 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $277,977,675 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,157,795,647 |
| Total liabilities | $2,471,501,191 |
| 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 | $222,596,050 |
| Total liabilities and net assets/fund balances | $2,694,097,241 |
Grants Awarded
Over the last fiscal year, Fox Communities Credit Union has awarded $413,241 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB PURPOSE: GENERAL SUPPORT/SPONSOR | $21,250 |
CITY OF TWO RIVERS PURPOSE: PARK PROJECT | $25,000 |
COMMUNITY FOUNDATION FOR THE FOX VALLEY REGION PURPOSE: GENERAL SUPPORT/SPONSOR | $35,000 |
OSHKOSH MID MORNING KIWANIS FOUNDATION PURPOSE: GENERAL SUPPORT/SPONSOR | $5,625 |
FOX CARE FOUNDATION PURPOSE: COMMUNITY SUPPORT | $22,171 |
FOX CITIES CHAMBER PURPOSE: GENERAL SUPPORT/SPONSOR | $20,000 |