Blackhawk Community Credit Union
- Assets
- $814.1m
- Revenue
- $44.6m
- Investments
- $4.8m
- Employees
- 213
- Location
- Janesville, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-6086299
Organization Overview
Blackhawk Community Credit Union is located in Janesville, WI. As of 12/2023, Blackhawk Community Credit Union employed 213 individuals. Blackhawk Community 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, Blackhawk Community Credit Union generated $44.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $31.4m during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 9 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
BLACKHAWK COMMUNITY CREDIT UNION IS A STATE CHARTERED CREDIT UNION IN WISCONSIN ORGANIZED FOR THE PURPOSE OF PROVIDING DEPOSIT ACCOUNTS, LOAN ACCOUNTS, AND TRANSACTION SERVICES TO ITS MEMBERS. OUR MISSION IS TO PROVIDE STRAIGHTFORWARD AND HELPFUL FINANCIAL MANAGEMENT TOOLS THROUGH PERSONALIZED SERVICE THAT PROMOTES AND SUPPORTS OUR MEMBERS' FINANCIAL WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BHCCU HAS ENCOURAGED THRIFT AMONG ITS 44,887 MEMBERS AND PROVIDES A FAIR AND REASONABLE CREDIT SOURCE TO EACH OF THOSE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Jenks Chairperson | OfficerTrustee | 2 | $2,139 |
Eric Entringer Vice Chairperson | OfficerTrustee | 2 | $1,599 |
Sarah Ferge Secretary | OfficerTrustee | 2 | $1,269 |
Edmund Halabi Treasurer | OfficerTrustee | 2 | $1,349 |
Marc Ausberger Director | Trustee | 2 | $889 |
Daniel Jackson Director | Trustee | 2 | $809 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pscu Credit Card Processing | 12/30/23 | $1,462,006 |
Jack Henry & Associates It Services | 12/30/23 | $1,145,996 |
Mkr Llc Property Maintenance | 12/30/23 | $443,600 |
Cdw Direct Llc It Services | 12/30/23 | $312,854 |
Paragon Development Systems Inc It Services | 12/30/23 | $188,432 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,457,255 |
| 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 | $3,457,255 |
| Total Program Service Revenue | $33,930,093 |
| Investment income | $7,312,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$73,632 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,630,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,646 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,044,215 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,694,703 |
| Pension plan accruals and contributions | $581,041 |
| Other employee benefits | $2,065,014 |
| Payroll taxes | $937,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,807 |
| Fees for services: Accounting | $79,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,283 |
| Fees for services: Other | $714,712 |
| Advertising and promotion | $529,780 |
| Office expenses | $983,581 |
| Information technology | $2,000,782 |
| Royalties | $0 |
| Occupancy | $1,080,906 |
| Travel | $64,811 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,662 |
| Interest | $1,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,327,482 |
| Insurance | $171,408 |
| All other expenses | $666,119 |
| Total functional expenses | $31,409,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,101,073 |
| Savings and temporary cash investments | $140,815,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,016,759 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $532,263,626 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,225,448 |
| Net Land, buildings, and equipment | $15,766,966 |
| Investments—publicly traded securities | $88,034,485 |
| Investments—other securities | $4,785,186 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,054,758 |
| Total assets | $814,064,230 |
| Accounts payable and accrued expenses | $15,541,352 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,358,836 |
| 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 | $718,307,582 |
| Total liabilities | $735,207,770 |
| 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 | $78,856,460 |
| Total liabilities and net assets/fund balances | $814,064,230 |
Grants Awarded
Over the last fiscal year, Blackhawk Community Credit Union has awarded $841,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEGACY FOUNDATION INC PURPOSE: GENERAL SUPPORT | $800,000 |
FORWARD JANESVILLE PURPOSE: GENERAL SUPPORT | $41,400 |