Fond Du Lac Credit Union
- Assets
- $81.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 26
- Location
- Fond Du Lac, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0936240
Organization Overview
Fond Du Lac Credit Union is located in Fond Du Lac, WI. As of 12/2022, Fond Du Lac Credit Union employed 26 individuals. Fond Du Lac 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, Fond Du Lac Credit Union generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. 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 CREATE EXCEPTIONAL MEMBERS EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 413 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 6,369 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 776 NEW LOANS DURING 2022. AS OF 12/31/22 WE HAD 3,416 LOANS RECEIVABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Roesch President | OfficerTrustee | 40 | $121,432 |
Lorri Heimback VP Marktng | Officer | 40 | $85,993 |
Megan Gysbers Director Acc | Officer | 40 | $67,583 |
Marty Schibbelhut Chair | OfficerTrustee | 1 | $0 |
Hannah Smet Vice Chair | OfficerTrustee | 1 | $0 |
Jeremy Van Deraa Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shazam Debit Card Proc | 12/30/22 | $271,869 |
Datamatic Core Software | 12/30/22 | $101,285 |
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 | $2,326,091 |
| Investment income | $383,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,832 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,573 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,717,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,309 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $275,008 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $588,083 |
| Pension plan accruals and contributions | $14,758 |
| Other employee benefits | $135,780 |
| Payroll taxes | $66,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,402 |
| Fees for services: Accounting | $20,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $86,757 |
| Office expenses | $432,340 |
| Information technology | $133,661 |
| Royalties | $0 |
| Occupancy | $86,944 |
| Travel | $2,508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,591 |
| Interest | $6,875 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,447 |
| Insurance | $33,184 |
| All other expenses | $0 |
| Total functional expenses | $2,272,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,067,632 |
| Savings and temporary cash investments | $14,563,127 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$260,246 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,794,412 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $242,698 |
| Net Land, buildings, and equipment | $1,641,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $18,950,776 |
| Intangible assets | $0 |
| Other assets | $1,252,608 |
| Total assets | $81,252,894 |
| Accounts payable and accrued expenses | $371,847 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $24,240 |
| 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 | $72,754,688 |
| Total liabilities | $73,150,775 |
| 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 | $8,102,119 |
| Total liabilities and net assets/fund balances | $81,252,894 |