County-City Credit Union
- Assets
- $39.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Jefferson, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-6081470
Organization Overview
County-City Credit Union is located in Jefferson, WI. As of 12/2022, County-City Credit Union employed 21 individuals. County-City 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, County-City Credit Union generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 0.4% 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 HELP OUR MEMBERS MEET FINANCIAL CHALLENGES IN A RESPONSIVE, CONVENIENT, FRIENDLY AND CARING MANNER; AND TO HELP THEM FIND FINANCIAL SECURITY WITH COMPETITIVE PRODUCTS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 405 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 3,063 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 448 NEW LOANS DURING 2022. AS OF 12/31/22 WE HAD 1,269 LOANS RECEIVABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Krahn President | Officer | 40 | $70,741 |
Denise Wild Vice Preside | Officer | 40 | $60,409 |
Dale Lutz Board Chair | OfficerTrustee | 0.5 | $0 |
Andrew Bare Vice Chair | OfficerTrustee | 0.5 | $0 |
Patty Achilli Treasurer | OfficerTrustee | 0.5 | $0 |
Shannon Statz Secretary | OfficerTrustee | 0.5 | $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 | $1,104,516 |
| Investment income | $376,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,491 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$143 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,506,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,432 |
| 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. | $131,150 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $367,489 |
| Pension plan accruals and contributions | $43,230 |
| Other employee benefits | $92,526 |
| Payroll taxes | $37,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,368 |
| Office expenses | $192,680 |
| Information technology | $190,189 |
| Royalties | $0 |
| Occupancy | $35,257 |
| Travel | $456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,051 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,716 |
| Insurance | $21,372 |
| All other expenses | $0 |
| Total functional expenses | $1,207,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,505 |
| Savings and temporary cash investments | $6,253,098 |
| 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 | $17,975,159 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,005 |
| Net Land, buildings, and equipment | $217,043 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $14,199,088 |
| Intangible assets | $0 |
| Other assets | $476,922 |
| Total assets | $39,589,820 |
| Accounts payable and accrued expenses | $608,861 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $40,435 |
| 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 | $35,744,424 |
| Total liabilities | $36,393,720 |
| 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 | $3,196,100 |
| Total liabilities and net assets/fund balances | $39,589,820 |