Nekoosa Credit Union
- Assets
- $27.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Nekoosa, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-0763330
Organization Overview
Nekoosa Credit Union is located in Nekoosa, WI. As of 12/2023, Nekoosa Credit Union employed 5 individuals. Nekoosa 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 12/2023, Nekoosa Credit Union generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $729.0k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL SERVICES COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW COST LOANS.
LOW COST AND NO FEE RELATED SERVICES.
SUPPORT LOCAL CHARITIES AND MAINTAIN A SCHOLARSHIP PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W Diercks President/treasurer | OfficerTrustee | 40 | $103,200 |
Steve Bredl Chairman | Trustee | 1 | $2,836 |
Courtney Rodriquez Secretary | Trustee | 1 | $2,216 |
Gerald Cordes Board Member | Trustee | 1 | $1,584 |
George Carlson Jr Board Member | Trustee | 1 | $1,408 |
Joshua Mancl Board Member | Trustee | 1 | $1,408 |
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 | $395,003 |
| Investment income | $859,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,254,521 |
| 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. | $113,620 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,435 |
| Pension plan accruals and contributions | $16,483 |
| Other employee benefits | $21,190 |
| Payroll taxes | $20,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,704 |
| Office expenses | $61,462 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,617 |
| Travel | $151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $729,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,282 |
| Savings and temporary cash investments | $17,946,330 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,278,772 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,249 |
| Net Land, buildings, and equipment | $230,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,523 |
| Total assets | $27,803,484 |
| Accounts payable and accrued expenses | -$9,040 |
| 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 | $23,736,400 |
| Total liabilities | $23,727,360 |
| 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 | $2,076,124 |
| Retained earnings, endowment, accumulated income, or other funds | $2,000,000 |
| Total liabilities and net assets/fund balances | $27,803,484 |