Sentry Credit Union
- Assets
- $131.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Stevens Point, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-1429665
Organization Overview
Sentry Credit Union is located in Stevens Point, WI. Sentry 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, Sentry Credit Union generated $3.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 5 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
TO DELIVER SAFE, COMPETITIVE AND CONVENIENT PERSONAL BANKING PRODUCTS, WITH EXCEPTIONAL SERVICE, TO OUR MEMBERS. AS A TRUSTED PARTNER, OUR SOLID FINANCIAL STRENGTH ENSURES MEMBERS CAN RELY US TO ASSIST TOWARD ATTAINING THEIR FINANCIAL GOALS WHILE CREATING HIGHLY VALUED BENEFIT.
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 |
|---|---|---|---|
Bruce Georgenson Chair | OfficerTrustee | 0.5 | $0 |
James Nickerson Vice Chair | OfficerTrustee | 0.5 | $0 |
Mike Bilbrey Treasurer | OfficerTrustee | 0.5 | $0 |
Harry Rice Secretary | OfficerTrustee | 0.5 | $0 |
Rex Fair President - Retired | Officer | 45 | $0 |
Timothy Barthel President | Officer | 45 | $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 | $3,166,496 |
| Investment income | $225,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,410,281 |
| 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. | $201,852 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $834,585 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $416,294 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,552 |
| Fees for services: Accounting | $22,993 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,370 |
| Advertising and promotion | $56,918 |
| Office expenses | $80,608 |
| Information technology | $316,412 |
| Royalties | $0 |
| Occupancy | $42,030 |
| Travel | $1,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,262 |
| Interest | $1,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,553 |
| Insurance | $28,484 |
| All other expenses | -$27,060 |
| Total functional expenses | $2,887,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $862,828 |
| Savings and temporary cash investments | $49,979,324 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $77,894,046 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $155,092 |
| Net Land, buildings, and equipment | $135,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $982,655 |
| Intangible assets | $0 |
| Other assets | $1,127,686 |
| Total assets | $131,234,457 |
| Accounts payable and accrued expenses | $1,020,941 |
| 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 | $113,063,912 |
| Total liabilities | $114,084,853 |
| 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 | $8,994,832 |
| Retained earnings, endowment, accumulated income, or other funds | $8,154,772 |
| Total liabilities and net assets/fund balances | $131,234,457 |
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