Wisconsin Medical Credit Union

Organization Overview

Wisconsin Medical Credit Union is located in Green Bay, WI. As of 12/2021, Wisconsin Medical Credit Union employed 4 individuals. Wisconsin Medical 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, Wisconsin Medical Credit Union generated $618.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $566.1k during the year ending 12/2021. While expenses have increased by 5.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WISCONSIN MEDICAL CU IS A NOT FOR PROFIT, MEMBER OWNED ORGANIZATION DEDICATED TO MEET THE MEMBERS NEEDS BY PROVIDING SOUND FINANCIAL SERVICES INCLUDING COMPETITIVE RATES, INFORMATION AND SERVICES WHILE MAINTAINING FINANCIAL STABILITY OF THE CREDIT UNION.

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 66 NEW DEPOSIT ACCOUNTS IN 2021. AS OF 12/31/21 WE HAD 1,288 MEMBERS.


THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 472 NEW LOANS DURING 2021. AS OF 12/31/21 WE HAD 3,441 LOANS RECEIVABLE.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Groh
President
$67,144
Melissa Hermes
Treasurer
$0
Carol Lenerind
Secretary
$0
Marlene Schmidt
Vice Chair
$0
Kurt Minten
Chair
$0
Diane Midthun
Director
$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$7,950
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,950
Total Program Service Revenue$583,000
Investment income $25,913
Tax Exempt Bond Proceeds $0
Royalties $1,944
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 $618,807

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wisconsin Medical Credit Union has recieved totaling $7,950.

Awarding OrganizationAmount
Wisconsin Credit Union Foundationinc

Madison, WI

PURPOSE: TO FUND EMAIL MARKETING AND CONSULTING.

$7,950
View Grant Recipient Profile

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Columbia College
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$84,570,180
University Of Dubuque
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$110,402,473

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