Badger Globe Credit Union
- Assets
- $55.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Neenah, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0796087
Organization Overview
Badger Globe Credit Union is located in Neenah, WI. As of 12/2022, Badger Globe Credit Union employed 15 individuals. Badger Globe 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, Badger Globe Credit Union generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 8 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
TO EXCEED OUR MEMBERS' EXPECTATIONS THROUGH EXCEPTIONAL SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE ADDED 249 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 2,684 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,205 NEW LOANS DURING 2022. AS OF 12/31/22 WE HAD 1,784 LOANS RECEIVABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Linskens VP | Officer | 48 | $85,403 |
Annita Hutter Pres/ceo-Par | Officer | 47 | $101,114 |
Carla Watson Pres/treas | OfficerTrustee | 20 | $81,330 |
Joshua Lee VP Operation | Officer | 42 | $65,086 |
Michael Mallow Exec VP | Officer | 43 | $22,862 |
Michael Shadduck VP | Officer | 40 | $1,716 |
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 | $1,700,253 |
| Investment income | $183,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,675 |
| 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 | $1,886,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,934 |
| Grants and other assistance to domestic individuals. | $1,710 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $359,910 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,337 |
| Pension plan accruals and contributions | $31,838 |
| Other employee benefits | $88,410 |
| Payroll taxes | $46,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,587 |
| Advertising and promotion | $64,460 |
| Office expenses | $349,521 |
| Information technology | $139,418 |
| Royalties | $0 |
| Occupancy | $42,873 |
| Travel | $14,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,032 |
| Interest | $730 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,787 |
| Insurance | $23,843 |
| All other expenses | $0 |
| Total functional expenses | $1,709,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,861 |
| Savings and temporary cash investments | $5,179,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,699,298 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $114,356 |
| Net Land, buildings, and equipment | $233,834 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,570,208 |
| Intangible assets | $0 |
| Other assets | $5,963,291 |
| Total assets | $54,986,298 |
| Accounts payable and accrued expenses | $733,555 |
| 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 | $451,480 |
| Other liabilities | $46,605,897 |
| Total liabilities | $47,790,932 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,195,366 |
| Total liabilities and net assets/fund balances | $54,986,298 |