Winnebago Community Credit Union
- Assets
- $149.1m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 42
- Location
- Oshkosh, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-0938509
Organization Overview
Winnebago Community Credit Union is located in Oshkosh, WI. As of 12/2023, Winnebago Community Credit Union employed 42 individuals. Winnebago 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 12/2023, Winnebago Community Credit Union generated $7.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.4m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HELPING MAKE YOUR DREAMS COME TRUE
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 1,518 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 8,469 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 932 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 4,295 LOANS RECEIVABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Leitch Exec VP | Officer | 40 | $138,876 |
Derek Groth President/ce | Officer | 40 | $150,304 |
Debra Fernau COO | Officer | 40 | $127,774 |
Anthony Tiede Former Presi | $130,000 | ||
Dana Racine VP Marketing | Officer | 40 | $91,900 |
Valinda Applebee Director | Trustee | 1 | $0 |
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 | $6,588,168 |
| Investment income | $810,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,397,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $508,854 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,387,749 |
| Pension plan accruals and contributions | $93,406 |
| Other employee benefits | $66,913 |
| Payroll taxes | $142,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,695 |
| Fees for services: Accounting | $9,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,825 |
| Advertising and promotion | $155,728 |
| Office expenses | $486,133 |
| Information technology | $109,166 |
| Royalties | $0 |
| Occupancy | $180,591 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,523 |
| Interest | $169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,554 |
| Insurance | $42,078 |
| All other expenses | $0 |
| Total functional expenses | $5,371,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,103,859 |
| Savings and temporary cash investments | $12,998,802 |
| 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 | $128,585,168 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,648 |
| Net Land, buildings, and equipment | $2,564,131 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,840,984 |
| Intangible assets | $0 |
| Other assets | $1,926,566 |
| Total assets | $149,094,158 |
| Accounts payable and accrued expenses | $1,686,132 |
| 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 | $127,703,385 |
| Total liabilities | $129,389,517 |
| 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 | $19,704,641 |
| Total liabilities and net assets/fund balances | $149,094,158 |