Appletree Credit Union
- Assets
- $130.2m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 18
- Location
- West Allis, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0388215
Organization Overview
Appletree Credit Union is located in West Allis, WI. As of 12/2022, Appletree Credit Union employed 18 individuals. Appletree 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, Appletree Credit Union generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. 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
A COOPERATIVE, NONPROFIT CORPORTION, INCORPORATED TO ENCOURAGE THRIFT AMONG ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LOW COST FINANCIAL SERVICES TO 6,476 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa M Greco Ceo/president & Secretary | OfficerTrustee | 40 | $156,666 |
Linda Luedtke Controller | Officer | 40 | $104,035 |
Gary Weckwerth Chair | OfficerTrustee | 1 | $0 |
Stephen Greidanus Treasurer | OfficerTrustee | 1 | $0 |
Laura Owens Vice-Chair | OfficerTrustee | 1 | $0 |
Jeff Carrigan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,165 |
| 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 | $1,165 |
| Total Program Service Revenue | $3,022,056 |
| Investment income | $271,190 |
| 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 | $3,294,411 |
| 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. | $260,701 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $788,173 |
| Pension plan accruals and contributions | $60,827 |
| Other employee benefits | $184,444 |
| Payroll taxes | $78,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $137,802 |
| Advertising and promotion | $26,960 |
| Office expenses | $69,273 |
| Information technology | $230,972 |
| Royalties | $0 |
| Occupancy | $79,447 |
| Travel | $77 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,930 |
| Interest | $0 |
| Payments to affiliates | $33,799 |
| Depreciation, depletion, and amortization | $45,810 |
| Insurance | $25,967 |
| All other expenses | $14,038 |
| Total functional expenses | $2,497,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $534,502 |
| Savings and temporary cash investments | $23,158,875 |
| 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 | $104,346,225 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $805,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,359,468 |
| Total assets | $130,204,657 |
| Accounts payable and accrued expenses | $252,193 |
| 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 | $96,178,562 |
| Total liabilities | $96,430,755 |
| 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 | $33,773,902 |
| Total liabilities and net assets/fund balances | $130,204,657 |
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