Oakdale Credit Union
- Assets
- $111.5m
- Revenue
- $4.1m
- Investments
- $764.9k
- Employees
- 33
- Location
- Oakdale, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-6049985
Organization Overview
Oakdale Credit Union is located in Oakdale, WI. As of 12/2022, Oakdale Credit Union employed 33 individuals. Oakdale 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, Oakdale Credit Union generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 3.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE FINANCIAL LIVES OF OUR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OAKDALE CREDIT UNION FUNDED 1212 LOANS DURING 2022. AS OF 12/31/22, OAKDALE CREDIT UNION HAD 593 MORTGAGES/HOME EQUITY LINES, 2,588 CONSUMER LOANS, AND 1 MEMBER BUSINESS LOANS. OAKDALE CREDIT UNION ALSO HAD 858 CREDIT CARD ACCOUNTS WITH IT'S MEMBERS
OAKDALE CREDIT UNION HAS DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 11,127 MEMBERS AT 12/31/22. DURING 2022, OAKDALE CREDIT UNION OPENED 3,864 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Rezin Treasurer | OfficerTrustee | 1 | $2,410 |
Bruce Ardelt Chairman | OfficerTrustee | 1 | $2,220 |
Terry Tiber Vice Chair | OfficerTrustee | 1 | $2,070 |
Jennifer Laursen Secretary | OfficerTrustee | 1 | $1,940 |
Lori Lowe Board Member | Trustee | 1 | $1,790 |
Stephan Day Board Member | Trustee | 1 | $1,750 |
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 | $3,367,140 |
| Investment income | $673,187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,560 |
| Net Gain/Loss on Asset Sales | $45,059 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,086,946 |
| 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. | $163,809 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $922,754 |
| Pension plan accruals and contributions | $54,122 |
| Other employee benefits | $127,515 |
| Payroll taxes | $79,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,366 |
| Fees for services: Accounting | $16,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,188 |
| Advertising and promotion | $93,523 |
| Office expenses | $68,458 |
| Information technology | $24,645 |
| Royalties | $0 |
| Occupancy | $132,977 |
| Travel | $31,025 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,109 |
| Interest | $0 |
| Payments to affiliates | $24,993 |
| Depreciation, depletion, and amortization | $137,109 |
| Insurance | $44,686 |
| All other expenses | $137,100 |
| Total functional expenses | $3,128,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,096,027 |
| Savings and temporary cash investments | $40,462,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,435 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $63,120,670 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $166,261 |
| Net Land, buildings, and equipment | $1,324,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $764,916 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $603,428 |
| Total assets | $111,546,664 |
| Accounts payable and accrued expenses | $871,587 |
| 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 | $101,735,480 |
| Total liabilities | $102,607,067 |
| 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 | $8,939,597 |
| Total liabilities and net assets/fund balances | $111,546,664 |