Evergreen Credit Union
- Assets
- $57.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Neenah, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-0957477
Organization Overview
Evergreen Credit Union is located in Neenah, WI. As of 12/2023, Evergreen Credit Union employed 16 individuals. Evergreen 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, Evergreen Credit Union generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 8 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
WE ARE ON A MISSION TO BE THE MOST ENVIRONMENTALLY RESPONSIBLE CREDIT UNION IN THE NATION WHILE CONTINUING TO PROVIDE AMAZING SERVICE TO OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Cheslock Secretary | OfficerTrustee | 0.5 | $0 |
Emily Charles Secretary | OfficerTrustee | 0.5 | $0 |
Keith Fischer Director | Trustee | 0.5 | $0 |
Nathan Karow Treasurer | OfficerTrustee | 0.5 | $0 |
Lyle Mader Chair | OfficerTrustee | 0.5 | $0 |
Kathleen Jankowski President/ceo | OfficerTrustee | 40 | $116,921 |
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 | $2,414,125 |
| Investment income | $423,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$921 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,837,100 |
| 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. | $116,921 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $733,986 |
| Pension plan accruals and contributions | $41,858 |
| Other employee benefits | $134,459 |
| Payroll taxes | $62,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,684 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,652 |
| Advertising and promotion | $97,534 |
| Office expenses | $106,048 |
| Information technology | $154,455 |
| Royalties | $0 |
| Occupancy | $83,649 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,028 |
| Interest | $415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,647 |
| Insurance | $26,843 |
| All other expenses | $41,662 |
| Total functional expenses | $2,395,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $673,597 |
| Savings and temporary cash investments | $10,617,631 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,885,628 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,613 |
| Net Land, buildings, and equipment | $2,961,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,088,658 |
| Intangible assets | $0 |
| Other assets | $616,312 |
| Total assets | $57,912,465 |
| Accounts payable and accrued expenses | $362,352 |
| 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 | $50,344,431 |
| Total liabilities | $50,706,783 |
| 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 | $1,957,888 |
| Retained earnings, endowment, accumulated income, or other funds | $5,247,794 |
| Total liabilities and net assets/fund balances | $57,912,465 |