Valley Communities Credit Union
- Assets
- $234.2m
- Revenue
- $8.5m
- Investments
- $11.4k
- Employees
- 68
- Location
- Mosinee, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0744482
Organization Overview
Valley Communities Credit Union is located in Mosinee, WI. As of 12/2022, Valley Communities Credit Union employed 68 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 12/2022, Valley Communities Credit Union generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $7.3m during the year ending 12/2022. While expenses have increased by 5.9% 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
2022
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 |
|---|---|---|---|
Elizabeth Jakusz Chair | OfficerTrustee | 4 | $5,213 |
Paul Davis Vice Chair | OfficerTrustee | 1 | $4,311 |
James Krzmarcik Treasurer | OfficerTrustee | 1 | $3,323 |
Kris Lehman Secretary | OfficerTrustee | 1 | $3,710 |
Harold Matis Director | Trustee | 1 | $3,209 |
Mike Walters Director | Trustee | 1 | $2,967 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Software | 12/30/22 | $455,092 |
The Dirks Group It Services | 12/30/22 | $129,442 |
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 | $7,040,922 |
| Investment income | $1,407,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,125 |
| Net Gain/Loss on Asset Sales | -$4,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,456,168 |
| 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. | $573,992 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,509,082 |
| Pension plan accruals and contributions | $178,483 |
| Other employee benefits | $547,925 |
| Payroll taxes | $222,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,043 |
| Fees for services: Accounting | $42,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $316,859 |
| Advertising and promotion | $56,980 |
| Office expenses | $319,239 |
| Information technology | $1,135,987 |
| Royalties | $0 |
| Occupancy | $236,011 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,962 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,618 |
| Insurance | $0 |
| All other expenses | $70,256 |
| Total functional expenses | $7,346,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,967,657 |
| Savings and temporary cash investments | $87,515,272 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $226,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $134,094,609 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $154,717 |
| Net Land, buildings, and equipment | $3,084,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,379 |
| Investments—program-related | $3,665,151 |
| Intangible assets | $0 |
| Other assets | $2,431,632 |
| Total assets | $234,151,522 |
| Accounts payable and accrued expenses | $1,242,926 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $794,380 |
| 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 | $204,786,034 |
| Total liabilities | $206,823,340 |
| 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 | $4,208,376 |
| Retained earnings, endowment, accumulated income, or other funds | $23,119,806 |
| Total liabilities and net assets/fund balances | $234,151,522 |