Golden Rule Community Credit Union
- Assets
- $40.9m
- Revenue
- $1.5m
- Investments
- $15.0m
- Employees
- 19
- Location
- Ripon, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-1018715
Organization Overview
Golden Rule Community Credit Union is located in Ripon, WI. As of 12/2021, Golden Rule Community Credit Union employed 19 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 12/2021, Golden Rule Community Credit Union generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 0.7% 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
2021
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 611 LOANS DURING 2021. AS OF 12/31/21, WE HAD 130 MORTGAGES/HOME EQUITY LINES AND 1,030 CONSUMER LOANS. WE ALSO HAD 698 CREDIT CARD ACCOUNTS WITH OUR MEMBERS.
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 3,852 MEMBERS AT 12/31/21. DURING 2021, WE OPENED 298 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 | $126,525 |
Ken Giacoletto Vice-Chair | OfficerTrustee | 1 | $0 |
Rick Ketter Chairman | OfficerTrustee | 2 | $0 |
Bryan Fritsch Secretary | OfficerTrustee | 1 | $0 |
Tom Henken Director | Trustee | 1 | $0 |
John Longshine 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 | $1,276,676 |
| Investment income | $38,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,467,500 |
| 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. | $150,792 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $337,033 |
| Pension plan accruals and contributions | $9,529 |
| Other employee benefits | $54,425 |
| Payroll taxes | $36,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,617 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,582 |
| Advertising and promotion | $16,527 |
| Office expenses | $37,415 |
| Information technology | $173,990 |
| Royalties | $0 |
| Occupancy | $43,398 |
| Travel | $1,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $304 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,159 |
| Insurance | $27,684 |
| All other expenses | $46,163 |
| Total functional expenses | $1,239,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,943,852 |
| Savings and temporary cash investments | $405,235 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,945 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,347,752 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $93,477 |
| Net Land, buildings, and equipment | $781,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,001,185 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $326,385 |
| Total assets | $40,945,561 |
| Accounts payable and accrued expenses | $411,430 |
| 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 | $37,326,564 |
| Total liabilities | $37,737,994 |
| 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 | $3,207,567 |
| Total liabilities and net assets/fund balances | $40,945,561 |
Grants Awarded
Over the last fiscal year, Golden Rule Community Credit Union has awarded $61,040 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Ripon, WI PURPOSE: GENERAL PURPOSE | $17,920 |
Ripon, WI PURPOSE: GENERAL PURPOSE | $17,920 |
Ripon, WI PURPOSE: GENERAL PURPOSE | $12,600 |
Ripon, WI PURPOSE: GENERAL PURPOSE | $12,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |