Valley Communities Credit Union
- Assets
- $225.7m
- Revenue
- $7.0m
- Investments
- $15.5k
- Employees
- 66
- Location
- Mosinee, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-0744482
Organization Overview
Valley Communities Credit Union is located in Mosinee, WI. As of 12/2021, Valley Communities Credit Union employed 66 individuals. Valley 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 12/2021, Valley Communities Credit Union generated $7.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $6.3m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 6 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
OUR MISSION IS TO BUILD LIFELONG RELATIONSHIPS ONE MEMBER AT A TIME; PROVIDING SOUND FINANCIAL PRODUCTS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Hladovcak CEO | Officer | 40 | $235,084 |
Randy Leszczynski CFO | Officer | 40 | $181,713 |
Jeffrey Horne CFO | Officer | 40 | $144,646 |
Adam Dykman COO | 40 | $141,362 | |
Angela Dinkins Clo | 40 | $117,533 | |
Gary Engebretson Chair | OfficerTrustee | 4 | $9,403 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Software | 12/30/21 | $434,698 |
The Dirks Group It Services | 12/30/21 | $125,486 |
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 | $6,740,689 |
| Investment income | $295,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,853 |
| Net Gain/Loss on Asset Sales | $3,655 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,045,989 |
| 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. | $846,895 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,019,944 |
| Pension plan accruals and contributions | $118,172 |
| Other employee benefits | $294,721 |
| Payroll taxes | $211,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,197 |
| Fees for services: Accounting | $35,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $275,879 |
| Advertising and promotion | $69,764 |
| Office expenses | $335,183 |
| Information technology | $1,080,223 |
| Royalties | $0 |
| Occupancy | $222,732 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,554 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,564 |
| Insurance | $0 |
| All other expenses | -$172 |
| Total functional expenses | $6,346,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,098,019 |
| Savings and temporary cash investments | $86,735,077 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,771 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $126,665,786 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $98,728 |
| Net Land, buildings, and equipment | $3,128,838 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,517 |
| Investments—program-related | $3,499,509 |
| Intangible assets | $0 |
| Other assets | $2,414,174 |
| Total assets | $225,686,419 |
| Accounts payable and accrued expenses | $1,059,645 |
| 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 | $198,408,075 |
| Total liabilities | $199,467,720 |
| 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 | $4,208,377 |
| Retained earnings, endowment, accumulated income, or other funds | $22,010,322 |
| Total liabilities and net assets/fund balances | $225,686,419 |
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