Park City Credit Union
- Assets
- $329.2m
- Revenue
- $13.6m
- Investments
- $7.2m
- Employees
- 131
- Location
- Merrill, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0905063
Organization Overview
Park City Credit Union is located in Merrill, WI. As of 12/2022, Park City Credit Union employed 131 individuals. Park City 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, Park City Credit Union generated $13.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $10.9m during the year ending 12/2022. While expenses have increased by 8.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELPING MEMBERS FULFILL THEIR DREAMS, WHILE SERVING OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FUNDED 2,617 LOANS DURING 2022. AS OF 12/31/22, WE HAD 1,378 MORTGAGES/HOME EQUITY, 8,123 CONSUMER LOANS, AND 97 MEMBER BUSINESS LOANS. WE ALSO HAD, AT 12/31/22, 2,215 CREDIT CARD ACCOUNTS WITH OUR MEMBERS.
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 23,844 MEMBERS AT 12/31/22. DURING 2022, WE OPENED 8,605 NEW DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Volala Mindak President/ceo | Officer | 50 | $322,969 |
Jack Mikunda COO | Officer | 50 | $151,916 |
Shawn Achterberg CFO | Officer | 50 | $121,179 |
Melissa Wrycha Cro | Officer | 50 | $127,275 |
Janet Schreiber Evp Hr & Administration | Officer | 50 | $93,692 |
James Richardson Chair | OfficerTrustee | 1 | $3,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eo Johnson Business Tech It Services | 12/30/22 | $302,217 |
Kasasa Account Services | 12/30/22 | $149,357 |
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 | $12,739,947 |
| Investment income | $918,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$104,515 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,553,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,319 |
| 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. | $1,143,719 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,574,275 |
| Pension plan accruals and contributions | $265,523 |
| Other employee benefits | $447,364 |
| Payroll taxes | $318,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $92,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $303,392 |
| Advertising and promotion | $192,612 |
| Office expenses | $316,574 |
| Information technology | $875,039 |
| Royalties | $0 |
| Occupancy | $555,123 |
| Travel | $59,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,093 |
| Interest | $110,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $694,150 |
| Insurance | $86,709 |
| All other expenses | $380,788 |
| Total functional expenses | $10,853,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,427,159 |
| Savings and temporary cash investments | $18,349,671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $618,679 |
| Loans from Officers, Directors, or Controlling Persons | $1,506,139 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $251,396,833 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $916,321 |
| Net Land, buildings, and equipment | $11,536,835 |
| Investments—publicly traded securities | $24,756,233 |
| Investments—other securities | $7,159,384 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,526,119 |
| Total assets | $329,193,373 |
| Accounts payable and accrued expenses | $4,249,441 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $276,293 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,959,446 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $292,717,787 |
| Total liabilities | $303,202,967 |
| 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 | $25,990,406 |
| Total liabilities and net assets/fund balances | $329,193,373 |