School Employees Credit Union
- Assets
- $2.5m
- Revenue
- $108.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Superior, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-6059908
Organization Overview
School Employees Credit Union is located in Superior, WI. As of 12/2023, School Employees Credit Union employed 4 individuals. School Employees 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 12/2023, School Employees Credit Union generated $108.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $102.3k during the year ending 12/2023. While expenses have increased by 3.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL EMPLOYEES CREDIT UNION IS A SERVICE PROVIDER TO THE EMPLOYEES OF THE SCHOOL DISTRICT OF SUPERIOR AND NORTHLAND TECHNICAL COLLEGE-SUPERIOR. THE CREDIT UNION'S MISSION IS TO PROVIDE SUPPORT FOR THE FINANCIAL NEEDS OF OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FUNDED 96 LOANS DURING 2023. AS OF 12/31/23 WE HAD 183 CONSUMER LOANS.
WE HAVE DEPOSITS, TRANSACTIONS, AND INVESTMENT ACCOUNTS WITH 556 MEMBERS ON 12/31/23. DURING 2023, WE OPENED 27 NEW ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Amys Chief Financial Officer | Officer | 13 | $17,820 |
Dan Winkler Chief Loan Office | Officer | 8 | $13,116 |
Mike Matejka President/director | Officer | 8 | $12,984 |
Jodie Wright Chair | OfficerTrustee | 1 | $0 |
Julie Rozowski Treasurer | OfficerTrustee | 1 | $0 |
Trishia Hipp Secretary | OfficerTrustee | 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 | $104,602 |
| Investment income | $3,907 |
| 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 | $108,509 |
| 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. | $43,920 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,402 |
| Office expenses | $11,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,036 |
| Interest | $457 |
| Payments to affiliates | $1,902 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,720 |
| All other expenses | $2,618 |
| Total functional expenses | $102,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,792 |
| Savings and temporary cash investments | $245,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,080,033 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,900 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,663 |
| Total assets | $2,536,703 |
| Accounts payable and accrued expenses | $5,589 |
| 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 | $2,179,998 |
| Total liabilities | $2,185,587 |
| 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 | $351,116 |
| Total liabilities and net assets/fund balances | $2,536,703 |