Central Wisconsin Credit Union
- Assets
- $53.1m
- Revenue
- $1.6m
- Investments
- $1.3m
- Employees
- 11
- Location
- Plover, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-1018998
Organization Overview
Central Wisconsin Credit Union is located in Plover, WI. As of 12/2022, Central Wisconsin Credit Union employed 11 individuals. Central Wisconsin 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, Central Wisconsin 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 3.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 2.8% 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
A COOPERATIVE NOT-FOR-PROFIT CORPORATION INCORPORATED TO ENCOURAGE THRIFT AMONGST MEMBERS AND TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST TO IMPROVE THE ECONOMIC AND SOCIAL CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A COOPERATIVE NOT-FOR-PROFIT CORPORATION ENCOURAGING THRIFT AMONG IT'S MEMBERS AND A SOURCE OF CREDIT AT A FAIR & REASONABLE COST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Hunt President (january - June) | Officer | 20 | $67,612 |
Nancy Breitenstein Vp-Lending | Officer | 40 | $63,991 |
Kaye Niemi Vp-Operations | Officer | 40 | $62,047 |
Nick Helbach Secretary | Trustee | 0.25 | $0 |
Val Omernick Board Member | Trustee | 0.25 | $0 |
Dick Okray Board Chairman | Trustee | 0.25 | $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 | $1,414,546 |
| Investment income | $144,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,578 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,556,503 |
| 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. | $251,260 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,387 |
| Pension plan accruals and contributions | $14,403 |
| Other employee benefits | $103,707 |
| Payroll taxes | $39,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$729 |
| Fees for services: Accounting | $17,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,019 |
| Fees for services: Other | $205,392 |
| Advertising and promotion | $3,800 |
| Office expenses | $101,118 |
| Information technology | $137,493 |
| Royalties | $0 |
| Occupancy | $83,233 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,310 |
| Interest | $126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,519 |
| Insurance | $24,912 |
| All other expenses | $0 |
| Total functional expenses | $1,419,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,796 |
| Savings and temporary cash investments | $598,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,680 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $29,186,397 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,405 |
| Net Land, buildings, and equipment | $1,341,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,279,628 |
| Investments—program-related | $19,524,063 |
| Intangible assets | $0 |
| Other assets | $515,606 |
| Total assets | $53,054,155 |
| Accounts payable and accrued expenses | $503,967 |
| 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 | $47,962,489 |
| Total liabilities | $48,466,456 |
| 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 | $2,633,350 |
| Retained earnings, endowment, accumulated income, or other funds | $1,954,349 |
| Total liabilities and net assets/fund balances | $53,054,155 |
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