Meadowland Credit Union
- Assets
- $32.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Sheboygan Falls, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-6063437
Organization Overview
Meadowland Credit Union is located in Sheboygan Falls, WI. As of 12/2022, Meadowland Credit Union employed 10 individuals. Meadowland 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, Meadowland Credit Union generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 5.1% 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
MEADOWLAND CREDIT UNION'S MISSION IS TO PROVIDE PRIMARY FINANCIAL SERVICES TO MEET OUR MEMBERS PRESENT AND FUTURE NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FUNDED 303 LOANS DURING 2022. AS OF 12/31/22 WE HAD 200 MORTGAGE/ HOME EQUITY LINES AND 870 CONSUMER LOANS. WE ALSO HAD 128 CREDIT CARDS AS OF 12/31/22.
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 2586 MEMBERS AS OF 12/31/22. DURING 2022, WE OPENED 207 NEW DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Hartman Director | OfficerTrustee | 1 | $0 |
James Evraets Treasurer | OfficerTrustee | 1 | $0 |
James Coulson Director | OfficerTrustee | 1 | $0 |
Warren Stokdyk Vice-Chair | OfficerTrustee | 1 | $0 |
Dan Abts Chairman | OfficerTrustee | 1 | $0 |
Nick Herzfeldt 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 | $1,075,499 |
| Investment income | $67,861 |
| 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 | $1,143,360 |
| 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. | $92,770 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,353 |
| Pension plan accruals and contributions | $8,697 |
| Other employee benefits | $50,672 |
| Payroll taxes | $26,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,917 |
| Fees for services: Accounting | $45,298 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,677 |
| Office expenses | $56,913 |
| Information technology | $179,952 |
| Royalties | $0 |
| Occupancy | $57,923 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,658 |
| Interest | $502 |
| Payments to affiliates | $12,578 |
| Depreciation, depletion, and amortization | $46,850 |
| Insurance | $17,033 |
| All other expenses | $3,514 |
| Total functional expenses | $1,075,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,239,437 |
| Savings and temporary cash investments | $5,699,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,171 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,233,589 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,855 |
| Net Land, buildings, and equipment | $629,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,321,903 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,208,574 |
| Accounts payable and accrued expenses | $103,817 |
| 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 | $29,661,998 |
| Total liabilities | $29,765,815 |
| 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 | $2,442,759 |
| Total liabilities and net assets/fund balances | $32,208,574 |