Landmark Credit Union
- Assets
- $4.5b
- Revenue
- $223.6m
- Investments
- $32.7m
- Employees
- 866
- Location
- New Berlin, WI
- Founding
- Data as of
- 12/2019
- EIN
- 39-0203995
Landmark Credit Union Overview
Landmark Credit Union is located in New Berlin, WI. As of 12/2019, Landmark Credit Union employed 866 individuals.
For the year ending 12/2019, Landmark Credit Union generated $223.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $163.3m during the year ending 12/2019. While expenses have increased by 11.8% per year over the past 5 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
2019
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 358,236 MEMBERS, WHO RESIDE PRIMARILY IN SOUTHEASTERN WISCONSIN.
PROVIDED OVER 640,092 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 62,503 LOANS TO CREDIT UNION MEMBERS, REPRESENTING APPROXIMATELY $2,396,620,064 AIMED AT MEETING THEIR RESPECTIVE FINANCING NEEDS.
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PDF Copies of 990 Filings
Landmark Credit Union Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Magulski Treasurer/ceo/president | OfficerTrustee | 50 | $740,866 |
Luke Hesprich Senior Investment Rep | 50 | $400,017 | |
David Powers CFO | Officer | 50 | $354,893 |
Robert Bruemmer Evp | Officer | 50 | $294,467 |
Stephen Hannan Jr Cio | Officer | 50 | $290,386 |
Gustavo Alcantara Tem Ldr-Mtg Lndg | 50 | $244,744 |
Landmark Credit Union Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lamacchia Group Llc Branch Construction | 12/30/19 | $4,601,183 |
Fiserv Data Services | 12/30/19 | $3,696,768 |
Ncr (Digital Insight) Digital Channel | 12/30/19 | $2,329,700 |
Fis Financial Software | 12/30/19 | $2,287,159 |
Jigsaw Llc Marketing | 12/30/19 | $2,248,996 |
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 | $210,587,301 |
| Investment income | $12,180,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $124,583 |
| Net Gain/Loss on Asset Sales | $739,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,632,603 |
| 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 | $41,882,727 |
| Compensation of current officers, directors, key employees. | $2,249,532 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,944,335 |
| Pension plan accruals and contributions | $4,397,432 |
| Other employee benefits | $7,755,151 |
| Payroll taxes | $2,800,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $828,781 |
| Fees for services: Accounting | $187,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,174,449 |
| Office expenses | $9,105,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,337,165 |
| Travel | $671,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,928,584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,014,117 |
| Insurance | $0 |
| All other expenses | $331,137 |
| Total functional expenses | $163,320,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,109,387 |
| Savings and temporary cash investments | $283,242,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,726,524 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,670,108,672 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,424,961 |
| Net Land, buildings, and equipment | $76,047,591 |
| Investments—publicly traded securities | $232,728,771 |
| Investments—other securities | $32,690,786 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,203,673 |
| Total assets | $4,463,282,883 |
| Accounts payable and accrued expenses | $76,780,998 |
| 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 | $165,305,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,776,647,942 |
| Total liabilities | $4,018,733,940 |
| 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 | $444,548,943 |
| Total liabilities and net assets/fund balances | $4,463,282,883 |
Landmark Credit Union Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Hospital And Physicians Healthcare Network Columbus, OH | $196,162,333 | $990,886,058 |
Miami Valley Hospital Dayton, OH | $1,540,725,759 | $1,204,039,189 |
Edward W Sparrow Hospital Association Lansing, MI | $1,474,682,154 | $1,000,419,453 |
Woodmen Of The World Life Insurance Society Omaha, NE | $10,949,510,724 | $1,049,679,093 |
University Of Wisconsin Medical Foundation Inc Middleton, WI | $1,086,870,157 | $956,685,711 |
Delta Dental Plan Of Michigan Okemos, MI | $732,148,013 | $963,731,755 |
Bronson Methodist Hospital Kalamazoo, MI | $1,118,333,750 | $952,779,226 |
Childrens Health Care Minneapolis, MN | $1,501,437,326 | $979,158,426 |
Childrens Hospital Medical Center Of Akron Akron, OH | $1,672,516,693 | $1,014,517,498 |
St Lukes Hospital Of Kansas City Kansas City, MO | $1,392,812,481 | $948,488,426 |
Bon Secours Mercy Health Inc Cincinnati, OH | $1,754,618,214 | $1,032,037,001 |
Deaconess Hospital Inc Evansville, IN | $1,654,034,103 | $1,047,627,616 |
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