Oakdale Credit Union
- Assets
- $109.2m
- Revenue
- $3.4m
- Investments
- $715.9k
- Employees
- 32
- Location
- Oakdale, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-6049985
Organization Overview
Oakdale Credit Union is located in Oakdale, WI. As of 12/2021, Oakdale Credit Union employed 32 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 12/2021, Oakdale Credit Union generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 6 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 ENHANCE THE FINANCIAL LIVES OF OUR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OAKDALE CREDIT UNION FUNDED 887 LOANS DURING 2021. AS OF 12/31/21, OAKDALE CREDIT UNION HAD 627 MORTGAGES/HOME EQUITY LINES, 2,470 CONSUMER LOANS, AND 1 MEMBER BUSINESS LOANS. OAKDALE CREDIT UNION ALSO HAD 762 CREDIT CARD ACCOUNTS WITH IT'S MEMBERS
OAKDALE CREDIT UNION HAS DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 11,137 MEMBERS AT 12/31/21. DURING 2021, OAKDALE CREDIT UNION OPENED 4,289 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Woggon CEO | Officer | 42 | $123,899 |
Michael Jacobson Vice Chair | OfficerTrustee | 1 | $2,270 |
Bruce Ardelt Chairman | OfficerTrustee | 1 | $2,220 |
Terry Tiber Board Member | Trustee | 1 | $2,210 |
Jennifer Laursen Secretary | OfficerTrustee | 1 | $2,145 |
Stephen Day Board Member | Trustee | 1 | $1,950 |
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 | $3,326,022 |
| Investment income | $72,651 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,407 |
| Net Gain/Loss on Asset Sales | $442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,400,522 |
| 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. | $163,292 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $887,629 |
| Pension plan accruals and contributions | $55,584 |
| Other employee benefits | $102,701 |
| Payroll taxes | $75,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,996 |
| Fees for services: Accounting | $20,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,640 |
| Advertising and promotion | $85,609 |
| Office expenses | $68,520 |
| Information technology | $14,798 |
| Royalties | $0 |
| Occupancy | $187,086 |
| Travel | $29,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,974 |
| Interest | $0 |
| Payments to affiliates | $23,292 |
| Depreciation, depletion, and amortization | $75,124 |
| Insurance | $45,042 |
| All other expenses | $131,614 |
| Total functional expenses | $3,007,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,846,083 |
| Savings and temporary cash investments | $42,926,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,163,430 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $88,866 |
| Net Land, buildings, and equipment | $1,404,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $715,925 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,015,642 |
| Total assets | $109,168,352 |
| Accounts payable and accrued expenses | $654,103 |
| 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 | $100,533,198 |
| Total liabilities | $101,187,301 |
| 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 | $7,981,051 |
| Total liabilities and net assets/fund balances | $109,168,352 |
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