Golden Rule Community Credit Union
- Assets
- $42.0m
- Revenue
- $1.6m
- Investments
- $18.5m
- Employees
- 20
- Location
- Ripon, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-1018715
Organization Overview
Golden Rule Community Credit Union is located in Ripon, WI. As of 12/2022, Golden Rule Community Credit Union employed 20 individuals. Golden Rule 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 12/2022, Golden Rule Community Credit Union generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 2.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GOLDEN RULE COMMUNITY CREDIT UNION PROVIDES QUALITY PRODUCTS AND SERVICES TO MEET THE CHANGING FINANCIAL NEEDS OF OUR MEMBERS BY TREATING PEOPLE ACCORDING TO THE "GOLDEN RULE; BY HELPING OTHERS DEVELOP; BY PURSUING EXCELLENCE AND BY GROWING FINANCIALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FUNDED 712 LOANS DURING 2022. AS OF 12/31/22, WE HAD 131 MORTGAGES/HOME EQUITY LINES AND 948 CONSUMER LOANS. WE ALSO HAD 422 CREDIT CARD ACCOUNTS WITH OUR MEMBERS.
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 3,733 MEMBERS AT 12/31/22. DURING 2022, WE OPENED 349 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Ige President/ceo/treasurer | OfficerTrustee | 40 | $139,131 |
Rick Ketter Chairman | OfficerTrustee | 2 | $0 |
Kim Shady Vice-Chair | OfficerTrustee | 1 | $0 |
Bryan Fritsch Secretary | OfficerTrustee | 1 | $0 |
Gary Born Director | Trustee | 1 | $0 |
Tom Henken 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 | $1,218,687 |
| Investment income | $252,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,187 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,592,423 |
| 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. | $163,937 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,299 |
| Pension plan accruals and contributions | $11,383 |
| Other employee benefits | $72,648 |
| Payroll taxes | $36,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,385 |
| Advertising and promotion | $20,886 |
| Office expenses | $34,826 |
| Information technology | $173,374 |
| Royalties | $0 |
| Occupancy | $46,266 |
| Travel | $971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,362 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,233 |
| Insurance | $39,798 |
| All other expenses | $70,503 |
| Total functional expenses | $1,394,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,504 |
| Savings and temporary cash investments | $4,679,454 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,787 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,061,644 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $113,797 |
| Net Land, buildings, and equipment | $690,787 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $18,481,285 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $375,415 |
| Total assets | $42,032,673 |
| Accounts payable and accrued expenses | $424,681 |
| 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 | $38,202,642 |
| Total liabilities | $38,627,323 |
| 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 | $3,405,350 |
| Total liabilities and net assets/fund balances | $42,032,673 |
Grants Awarded
Over the last fiscal year, Golden Rule Community Credit Union has awarded $30,520 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRADED TREASURES THRIFT STORE AND COMMUNITY FOOD PANTRY INC PURPOSE: GENERAL PURPOSE | $12,600 |
DIVERSE OPTIONS INC PURPOSE: GENERAL PURPOSE | $17,920 |