Westconsin Credit Union

Organization Overview

Westconsin Credit Union is located in Menomonie, WI. As of 12/2021, Westconsin Credit Union employed 525 individuals. Westconsin 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, Westconsin Credit Union generated $93.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $72.8m during the year ending 12/2021. While expenses have increased by 6.1% 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.

Since 2014, Westconsin Credit Union has awarded 86 individual grants totaling $809,755. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WESTCONSIN CREDIT UNION IS COMMITTED TO HELPING OUR MEMBERS ACHIEVE FINANCIAL SUCCESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED LOW-COST FINANCIAL SERVICES TO 111,230 MEMBERS.


SERVED MEMBERS' INTERESTS BY ACCEPTING DEPOSITS, GRANTING LOANS, AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER.


PROVIDED OVER 18,000 LOANS FOR OVER $626 MILLION TO MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Lora Benrud
CEO
$584,441
Timothy Carlson
VP - Westconsin Investment
$273,087
Jerilyn Kinderman
CFO
$270,244
Michael Tomasek
Cio
$245,881
Jim Wookey
COO
$241,425
Nicole Yarrington
Cto
$210,602

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fiserv
It Solutions
$2,783,378
Corelation Inc
It Solutions
$784,403
Ncr Corporation
Mobile And Online Banking
$1,166,684
Mortgage Cadence
Document Imaging
$576,172
Diamond Marketing Company
Marketing Services
$648,723
View All Vendors

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$82,588,504
Investment income $4,232,418
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $93,066
Net Gain/Loss on Asset Sales $36,312
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $93,240,382

Grants Awarded

Over the last fiscal year, Westconsin Credit Union has awarded $110,000 in support to 11 organizations.

Grant RecipientAmount

HEALING PLAY INC

PURPOSE: GENERAL DONATION/ASSISTANCE

$12,500

NEW RICHMOND AREA COMMUNITY FOUNDATION

Org PageRecipient Profile

Hudson, WI

PURPOSE: WILL PLAYGROUND DONATION

$12,500

UNITED WAY OF ST CROIX VALLEY

Org PageRecipient Profile

Hudson, WI

PURPOSE: GENERAL DONATION/ASSISTANCE

$12,000

STEPPING STONES OF DUNN COUNTY INC

Org PageRecipient Profile

Menomonie, WI

PURPOSE: PARTNERSHIP DONATION

$10,500

LE PHILLIPS SENIOR CENTER

Org PageRecipient Profile

Eau Claire, WI

PURPOSE: GENERAL DONATION/ASSISTANCE

$10,000

DUNN COUNTY HISTORICAL SOCIETY

Org PageRecipient Profile

Menomonie, WI

PURPOSE: GENERAL DONATION/ASSISTANCE

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Westconsin Credit Union has recieved totaling $10,000.

Awarding OrganizationAmount
Community Foundation Of Dunn County Inc

Menomonie, WI

PURPOSE: GENERAL SUPPORT

$5,000
Community Foundation Of Dunn County Inc

Menomonie, WI

PURPOSE: GENERAL SUPPORT

$5,000
View Grant Recipient Profile

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