Gundersen Credit Union
- Assets
- $61.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 11
- Location
- La Crosse, WI
- Founding
- Data as of
- 12/2021
- EIN
- 23-7108910
Organization Overview
Gundersen Credit Union is located in La Crosse, WI. As of 12/2021, Gundersen Credit Union employed 11 individuals. Gundersen 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, Gundersen Credit Union generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 4.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FUNCTION AS A MEMBER-OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE FOR EMPLOYEES, RETIREES, AND VOLUNTEERS OF GUNDERSEN HEALTH SYSTEMS, AND ITS AFFILIATES, AND MEMBERS OF THEIR IMMEDIATE FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONCOMIC AND SOCIAL CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Yardley President/ceo | Officer | 40 | $133,499 |
Jon Bingol Chair | OfficerTrustee | 2 | $0 |
Paul Fisch Treasurer | OfficerTrustee | 2 | $0 |
Susan Miller Secretary | OfficerTrustee | 2 | $0 |
Elizabeth Ritter Vice Chair | OfficerTrustee | 2 | $0 |
Loren Carrell Director | Trustee | 2 | $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 | $1,618,240 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $139,401 |
| 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 | $1,757,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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. | $133,499 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,023 |
| Pension plan accruals and contributions | $37,759 |
| Other employee benefits | $87,435 |
| Payroll taxes | $35,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,288 |
| Fees for services: Accounting | $24,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $53,212 |
| Office expenses | $288,723 |
| Information technology | $19,813 |
| Royalties | $0 |
| Occupancy | $14,016 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,173 |
| Interest | $69,045 |
| Payments to affiliates | $24,638 |
| Depreciation, depletion, and amortization | $40,282 |
| Insurance | $22,738 |
| All other expenses | $34,171 |
| Total functional expenses | $1,544,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $667,938 |
| Savings and temporary cash investments | $23,294,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,058 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $36,660,923 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,721 |
| Net Land, buildings, and equipment | $175,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $500,006 |
| Intangible assets | $0 |
| Other assets | $626,373 |
| Total assets | $61,946,937 |
| Accounts payable and accrued expenses | $184,837 |
| 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 | $54,921,705 |
| Total liabilities | $55,106,542 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $478,828 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,361,567 |
| Total liabilities and net assets/fund balances | $61,946,937 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gundersen Credit Union has recieved totaling $6,600.
| Awarding Organization | Amount |
|---|---|
Wisconsin Credit Union Foundationinc Madison, WI PURPOSE: TO FUND THE CREDIT UNION'S DOMESTIC VIOLENCE ASSISTANCE PROGRAM. | $6,600 |
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|---|---|---|
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Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |