Nekoosa Credit Union
- Assets
- $26.7m
- Revenue
- $381.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Nekoosa, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-0763330
Organization Overview
Nekoosa Credit Union is located in Nekoosa, WI. As of 12/2021, 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 12/2021, Nekoosa Credit Union generated $381.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $469.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. 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
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W Diercks President/treasurer | OfficerTrustee | 40 | $40,800 |
Steve Bredl Chairman | Trustee | 1 | $2,362 |
Courtney Rodriquez Secretary | Trustee | 1 | $2,096 |
Gordon Freeman Vice Chairman | Trustee | 1 | $731 |
Gerald Cordes Board Member | Trustee | 1 | $0 |
George Carlson Jr 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 | $334,304 |
| Investment income | $46,732 |
| 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 | $381,036 |
| 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. | $45,989 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,589 |
| Pension plan accruals and contributions | $876 |
| Other employee benefits | $19,581 |
| Payroll taxes | $14,274 |
| 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 | $3,256 |
| Office expenses | $70,174 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,247 |
| Travel | $444 |
| 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 | $469,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,297 |
| Savings and temporary cash investments | $18,725,022 |
| 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 | $7,407,944 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,816 |
| Net Land, buildings, and equipment | $273,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $409 |
| Total assets | $26,749,064 |
| Accounts payable and accrued expenses | -$117,252 |
| 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 | $23,489,983 |
| Total liabilities | $23,372,731 |
| 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 | $1,376,333 |
| Retained earnings, endowment, accumulated income, or other funds | $2,000,000 |
| Total liabilities and net assets/fund balances | $26,749,064 |
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