Horizon Community Credit Union
- Assets
- $41.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Green Bay, WI
- Founding
- Data as of
- 12/2016
- EIN
- 39-0349985
Organization Overview
Horizon Community Credit Union is located in Green Bay, WI. As of 12/2016, Horizon Community Credit Union employed 21 individuals. Horizon 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
ACHIEVE MEMBER SUCCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FUNDED 288 LOANS DURING 2016. AS OF 12/31/16, WE HAD 253 MORTGAGES/HOME EQUITY LINES, AND 364 CONSUMER LOANS, AND 2 MEMBER BUSINESS LOAN. WE ALSO HAD 401 CREDIT CARD ACCOUNTS WITH OUR MEMBERS.
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 2726 MEMBERS AT 12/31. DURING 2016, WE OPENED 352 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick G Josephson Presidentceodirector | OfficerTrustee | 40 | $143,410 |
Terry Brienen Secretary | OfficerTrustee | 0 | $0 |
Diane Campshure-Walczyk Vice-Chairpeson | OfficerTrustee | 0 | $0 |
Sandy Luedke Chairperson | OfficerTrustee | 0 | $0 |
Brian Smith Treasurer | OfficerTrustee | 0 | $0 |
Sue Neuzil Director | Trustee | 0 | $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 | $1,396,015 |
| Investment income | $125,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,437 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,437 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,522,685 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $143,410 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $364,385 |
| Pension plan accruals and contributions | $44,113 |
| Other employee benefits | $88,017 |
| Payroll taxes | $50,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,118 |
| Advertising and promotion | $13,995 |
| Office expenses | $59,337 |
| Information technology | $118,578 |
| Royalties | $0 |
| Occupancy | $99,377 |
| Travel | $7,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,683 |
| Interest | $0 |
| Payments to affiliates | $22,097 |
| Depreciation, depletion, and amortization | $50,150 |
| Insurance | $22,322 |
| All other expenses | $11,764 |
| Total functional expenses | $1,470,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,179,284 |
| Savings and temporary cash investments | $9,824,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,088,833 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,743 |
| Net Land, buildings, and equipment | $1,317,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $790,976 |
| Intangible assets | $0 |
| Other assets | $1,692,424 |
| Total assets | $41,919,412 |
| Accounts payable and accrued expenses | $55,999 |
| 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 | $35,653,513 |
| Total liabilities | $35,709,512 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $6,209,900 |
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