Service Credit Union
- Assets
- $14.6m
- Revenue
- $336.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Green Bay, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0607767
Organization Overview
Service Credit Union is located in Green Bay, WI. As of 12/2022, Service Credit Union employed 3 individuals. Service 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, Service Credit Union generated $336.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $315.5k during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 7 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
PROVIDE MEMBERS WITH COMPETITIVE, HIGH QUALITY FINANCIAL SERVICES IN A PROFESSIONAL AND FRIENDLY MANNER WHILE MAINTAINING A POSITION OF SAFETY, SOUNDNESS AND STRENGTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 58 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 1,035 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 202 NEW LOANS TO OUR MEMBERS DURING 2022. AS OF 12/31/22 WE HAD 493 LOANS TO OUR MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Fawcett President | Officer | 40 | $87,553 |
Ted Prosser Secretary | OfficerTrustee | 0.25 | $560 |
Sarah Mead Vice Chair | OfficerTrustee | 0.25 | $200 |
Kristy Kaye Chair | OfficerTrustee | 0.25 | $200 |
Bradley Coenen Treasurer | OfficerTrustee | 0.25 | $200 |
Brandon Gerlikowski Director | Trustee | 0.25 | $200 |
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 | $300,417 |
| Investment income | $35,666 |
| 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 | $336,083 |
| 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. | $89,313 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,719 |
| Pension plan accruals and contributions | $5,641 |
| Other employee benefits | $3,389 |
| Payroll taxes | $11,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,781 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $218 |
| Office expenses | $63,927 |
| Information technology | $43,217 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $286 |
| Interest | $4 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,934 |
| Insurance | $5,436 |
| All other expenses | $0 |
| Total functional expenses | $315,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,728 |
| Savings and temporary cash investments | $2,351,973 |
| 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 | $10,894,170 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,324 |
| Net Land, buildings, and equipment | $42,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,113,563 |
| Intangible assets | $0 |
| Other assets | $134,439 |
| Total assets | $14,580,125 |
| Accounts payable and accrued expenses | $26,331 |
| 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 | $11,817,152 |
| Total liabilities | $11,843,483 |
| 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 | $2,736,642 |
| Total liabilities and net assets/fund balances | $14,580,125 |
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