Prospera Credit Union
- Assets
- $364.6m
- Revenue
- $16.9m
- Investments
- $5.8m
- Employees
- 131
- Location
- Appleton, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0744917
Organization Overview
Prospera Credit Union is located in Appleton, WI. As of 12/2022, Prospera Credit Union employed 131 individuals. Prospera 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, Prospera Credit Union generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $15.6m during the year ending 12/2022. While expenses have increased by 11.9% 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
A MEMBER-OWNED, NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES AS A FINANCIAL COOPERATIVE SERVING AND OWNED BY ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Licari Board Member | Trustee | 1 | $0 |
Jill Uitenbroek Secretary | OfficerTrustee | 2 | $0 |
Jill Ronk Treasurer | OfficerTrustee | 2 | $0 |
Tom Clifford Vice Chair | OfficerTrustee | 2 | $0 |
Scott Barr Board Member | Trustee | 1 | $0 |
Lindsay Fenlon Board Member | Trustee | 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 | $15,546,157 |
| Investment income | $1,380,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,721 |
| Net Gain/Loss on Asset Sales | -$10,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,930,595 |
| 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. | $1,313,697 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,555,519 |
| Pension plan accruals and contributions | $268,175 |
| Other employee benefits | $990,725 |
| Payroll taxes | $440,593 |
| Fees for services: Management | $203,321 |
| Fees for services: Legal | $135,333 |
| Fees for services: Accounting | $69,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $701,566 |
| Office expenses | $633,426 |
| Information technology | $412,866 |
| Royalties | $0 |
| Occupancy | $477,618 |
| Travel | $19,336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $295 |
| Interest | $794,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $476,593 |
| Insurance | $48,827 |
| All other expenses | $362,512 |
| Total functional expenses | $15,633,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,059,488 |
| Savings and temporary cash investments | $11,107,793 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,249,977 |
| Loans from Officers, Directors, or Controlling Persons | $835,207 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $313,234,084 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $365,930 |
| Net Land, buildings, and equipment | $9,204,025 |
| Investments—publicly traded securities | $11,368,359 |
| Investments—other securities | $5,798,779 |
| Investments—program-related | $2,991,913 |
| Intangible assets | $24,303 |
| Other assets | $5,345,662 |
| Total assets | $364,585,520 |
| Accounts payable and accrued expenses | $2,904,047 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $94,012 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $105,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $331,563,177 |
| Total liabilities | $334,666,236 |
| 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 | $6,522,282 |
| Retained earnings, endowment, accumulated income, or other funds | $23,397,002 |
| Total liabilities and net assets/fund balances | $364,585,520 |