Landmark Credit Union
- Assets
- $6.2b
- Revenue
- $253.3m
- Investments
- $19.7m
- Employees
- 1,170
- Location
- New Berlin, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0203995
Organization Overview
Landmark Credit Union is located in New Berlin, WI. As of 12/2022, Landmark Credit Union employed 1,170 individuals. Landmark 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, Landmark Credit Union generated $253.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $196.5m during the year ending 12/2022. While expenses have increased by 9.7% per year over the past 8 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
LANDMARK CREDIT UNION IS A MEMBER-OWNED NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW-COST FINANCIAL SERVICES TO OVER 378,312 MEMBERS, WHO RESIDE PRIMARILY IN SOUTHEASTERN WISCONSIN.
PROVIDED OVER 697,207 SAVINGS-TYPE ACCOUNTS TO THE CREDIT UNION'S MEMBERS. THE ACCOUNTS ARE STRUCTURED TO ENCOURAGE MEMBER THRIFT AND PROVIDE A COMPETITIVE RETURN ON THEIR SAVINGS.
GRANTED 59,044 LOANS TO CREDIT UNION MEMBERS, REPRESENTING APPROXIMATELY $2,684,534,796 AIMED AT MEETING THEIR RESPECTIVE FINANCING NEEDS.
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 |
|---|---|---|---|
Jay Magulski Treasurer/ceo/president | OfficerTrustee | 50 | $1,511,260 |
Brian Dorow Chairperson | OfficerTrustee | 10 | $27,700 |
Nancy Dickman Secretary | OfficerTrustee | 10 | $24,725 |
Grace Kostroski Vice Chairperson | OfficerTrustee | 10 | $21,908 |
Jennifer Zierer Director | Trustee | 10 | $18,500 |
Ailec Gonzalez Director | Trustee | 10 | $18,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Data Services | 12/30/22 | $7,305,403 |
Jigsaw Llc Marketing | 12/30/22 | $2,759,485 |
Cdw Direct Llc Business Solutions | 12/30/22 | $2,094,655 |
Nvisia Software Services | 12/30/22 | $1,438,651 |
New Resources Consulting Consulting | 12/30/22 | $2,065,569 |
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 | $226,880,001 |
| Investment income | $26,236,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,747 |
| Net Gain/Loss on Asset Sales | $68,230 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,257,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $28,232,334 |
| Compensation of current officers, directors, key employees. | $4,455,457 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,991,311 |
| Pension plan accruals and contributions | $8,264,831 |
| Other employee benefits | $9,536,422 |
| Payroll taxes | $4,546,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $984,278 |
| Fees for services: Accounting | $159,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,731,746 |
| Advertising and promotion | $5,474,680 |
| Office expenses | $13,041,942 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,314,966 |
| Travel | $505,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,425,769 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,109,544 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $196,503,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,580,247 |
| Savings and temporary cash investments | $219,758,780 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,246,817 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,961,120,242 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,252,008 |
| Net Land, buildings, and equipment | $138,662,477 |
| Investments—publicly traded securities | $627,585,363 |
| Investments—other securities | $19,658,028 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $128,644,965 |
| Total assets | $6,153,508,927 |
| Accounts payable and accrued expenses | $108,182,672 |
| 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 | $180,105,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,290,193,502 |
| Total liabilities | $5,578,481,174 |
| 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 | $575,027,753 |
| Total liabilities and net assets/fund balances | $6,153,508,927 |