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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jennifer Strama President/ceo | Officer | 40 | $109,023 |
Kristin Tingo Exec. Vice President | Officer | 40 | $85,217 |
Shelley Mell Vice President | Officer | 40 | $61,326 |
Rob Frenchick Chair | OfficerTrustee | 1 | $3,250 |
Ron Siemers Treasurer | OfficerTrustee | 1 | $1,500 |
Deborah Lasavage 2nd Vice Chair | OfficerTrustee | 1 | $1,300 |
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 |
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. | $264,016 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $831,447 |
Pension plan accruals and contributions | $83,995 |
Other employee benefits | $216,819 |
Payroll taxes | $88,348 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,748 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $67,342 |
Office expenses | $273,388 |
Information technology | $260,389 |
Royalties | $0 |
Occupancy | $43,898 |
Travel | $3,168 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $28,401 |
Interest | $0 |
Payments to affiliates | $25,925 |
Depreciation, depletion, and amortization | $78,160 |
Insurance | $41,552 |
All other expenses | $0 |
Total functional expenses | $2,707,367 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $885,509 |
Savings and temporary cash investments | $14,382,181 |
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 | $38,092,659 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $102,086 |
Net Land, buildings, and equipment | $1,321,445 |
Investments—publicly traded securities | $47,011,485 |
Investments—other securities | $0 |
Investments—program-related | $1,556,730 |
Intangible assets | $0 |
Other assets | $269,041 |
Total assets | $103,621,136 |
Accounts payable and accrued expenses | $70,587 |
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 | $94,748,894 |
Total liabilities | $94,819,481 |
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 | $8,801,655 |
Total liabilities and net assets/fund balances | $103,621,136 |
Over the last fiscal year, we have identified 1 grants that Hayward Community Credit Union has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Wisconsin Credit Union Foundationinc Madison, WI PURPOSE: TO FUND REMOTE CAPTURE, BUSINESS DEBIT CARDS AND MOBILE BANKING. | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |