Gundersen Credit Union
- Assets
- $60.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 11
- Location
- La Crosse, WI
- Founding
- Data as of
- 12/2023
- EIN
- 23-7108910
Organization Overview
Gundersen Credit Union is located in La Crosse, WI. As of 12/2023, 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 12/2023, Gundersen Credit Union generated $2.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 8.2% 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Bingol Chair | OfficerTrustee | 2 | $0 |
Loren Carrell Secretary | OfficerTrustee | 2 | $0 |
Paul Fisch Treasurer | OfficerTrustee | 2 | $0 |
Brady Lowe Director | Trustee | 2 | $0 |
Karl Goethel Director | Trustee | 2 | $0 |
Lisa Rainey 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 | $2,211,562 |
| Investment income | $236,171 |
| 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 | $2,447,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $465 |
| 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. | $152,632 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $412,431 |
| Pension plan accruals and contributions | $47,223 |
| Other employee benefits | $124,110 |
| Payroll taxes | $41,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $31,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $57,622 |
| Office expenses | $307,519 |
| Information technology | $24,927 |
| Royalties | $0 |
| Occupancy | $12,431 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,877 |
| Interest | $132,302 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,041 |
| Insurance | $21,713 |
| All other expenses | $83,399 |
| Total functional expenses | $2,345,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,048 |
| Savings and temporary cash investments | $13,794,425 |
| 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 | $44,815,944 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,301 |
| Net Land, buildings, and equipment | $133,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $529,423 |
| Intangible assets | $0 |
| Other assets | $732,762 |
| Total assets | $60,501,430 |
| Accounts payable and accrued expenses | $459,455 |
| 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 | $52,891,610 |
| Total liabilities | $53,351,065 |
| 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 | $7,150,365 |
| Total liabilities and net assets/fund balances | $60,501,430 |