Hayward Community Credit Union

Organization Overview

Hayward Community Credit Union is located in Hayward, WI. As of 12/2021, Hayward Community Credit Union employed 32 individuals. Hayward Community 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, Hayward Community Credit Union generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE OUR MEMBERS AND COMMUNITY BY PROMOTING FINANCIAL STABILITY AND QUALITY OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE FUNDED 381 LOANS DURING 2021. AS OF 12/31/21, WE HAD 381 MORTGAGES/HOME EQUITY LOANS, 1,969 CONSUMER LOANS, 32 MEMBER BUSINESS LOANS, AND 206 CREDIT CARD ACCOUNTS WITH OUR MEMBERS.


WE HAVE DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS WITH 7,416 MEMBERS AT 12/31/21. DURING 2021, WE OPENED 1,350 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.


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Board, Officers & Key Employees

Name (title)Compensation
Jennifer Strama
President/ceo
$109,023
Kristin Tingo
Exec. Vice President
$85,217
Shelley Mell
Vice President
$61,326
Rob Frenchick
Chair
$3,250
Ron Siemers
Treasurer
$1,500
Deborah Lasavage
2nd Vice Chair
$1,300

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$2,707,055
Investment income $430,558
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$2,281
Net Gain/Loss on Asset Sales -$4,216
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,131,116

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Hayward Community Credit Union has recieved totaling $10,000.

Awarding OrganizationAmount
Wisconsin Credit Union Foundationinc

Madison, WI

PURPOSE: TO FUND REMOTE CAPTURE, BUSINESS DEBIT CARDS AND MOBILE BANKING.

$10,000
View Grant Recipient Profile

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