Wisconsin Credit Union League Inc
- Assets
- $8.4m
- Revenue
- $3.6m
- Investments
- $96.1k
- Employees
- 26
- Location
- Madison, WI
- Founding
- 02/1981
- Data as of
- 12/2021
- EIN
- 39-0712580
Organization Overview
Wisconsin Credit Union League Inc is located in Madison, WI. The organization was established in 1981. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Wisconsin Credit Union League Inc employed 26 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Wisconsin Credit Union League Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Wisconsin Credit Union League Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 1.0% 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.
Since 2017, Wisconsin Credit Union League Inc has awarded 11 individual grants totaling $327,360. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE GROWTH OF THE CREDIT UNION MOVEMENT AND TO PROMOTE COOPERATION IN ALL MATTERS OF COMMON CONCERN BY AND BETWEEN CREDIT UNIONS LOCATED IN WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LEAGUE ASSISTED WITH OVER 1,400 COMPLIANCE QUESTIONS AND SENT OVER 80 NEWSLETTERS TO HELP COMPLIANCE PROS REMAIN ALERT AND ON TASK. THE LEAGUE MAINTAINED THOUSANDS OF PAGES OF COMPLIANCE RESOURCE WEBPAGES TO OFFER CURRENT AND COMPREHENSIVE GUIDANCE AND RESOURCES. THERE WERE REGULAR UPDATES OF THE LEAGUE'S 164 II RELEASES TO KEEP UP WITH STATE AND FEDERAL REGULATORY CHANGES IMPACTING CREDIT UNIONS. THE LEAGUE OFFERED FREE ACCESS TO POLICYAID, AN ONLINE LIBRARY OF MORE THAN 100 OPERATIONAL POLICIES. THE LEAGUE PROVIDED CONSULTATION ON PREPARATION FOR EXAMS, MANAGING RISK, REDUCING COSTS, GROWING INCOME, BUDGETING, AND MORE.
THE LEAGUE OFFERED MORE THAN 150 TRAINING EVENTS TO MORE THAN 3,000 PARTICIPANTS, AND MANY WERE HELD VIRTUALLY. THE LEAGUE CONTINUED TO BUILD AN ON-DEMAND LIBRARY OF TRAINING OPTIONS TO ALLOW PARTICIPANTS TO LEARN AT ANYTIME BY GOING ON-LINE. THE LEAGUE FACILITATED ROUNDTABLE DISCUSSIONS FOR CREDIT UNIONS FOR NETWORKING AND IDEA SHARING. THE LEAGUE CONTINUED TO FOCUS ON THE YOUNG PROFESSIONALS NETWORK, A FREE CAREER DEVELOPMENT AND LEADERSHIP TRAINING PROGRAM OPEN TO CREDIT UNION STAFF AND DIRECTORS AGE 35 AND YOUNGER. 90% OF ALL WISCONSIN CREDIT UNIONS PARTICIPATED IN LEAGUE TRAINING EVENTS.
THE LEAGUE SPONSORED TWO MAJOR GOVERNMENT AFFAIRS CONFERENCES AND OTHER TRAINING EVENTS. THE LEAGUE EXPANDED ACCESS TO GOVERNMENT AFFAIRS CONFERENCES AND EVENTS THROUGH SCHOLARSHIPS. THE LEAGUE FURTHER DEVELOPED GRASSROOTS STRENGTH TO OVER 1,000 MEMBERS. THE LEAGUE DEFENDED AND PROMOTED CREDIT UNIONS AND THE CREDIT UNION DIFFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Thompson President & CEO | Officer | 26 | $566,139 |
John Engel Director Of Legal Affairs | 32 | $153,868 | |
Paul Guttormsson SVP Legal Affairs/general Counsel | 32 | $152,286 | |
Sarah Wainscott SVP Advocacy | 40 | $131,667 | |
Beth Ellis VP Finance & It | 24 | $130,009 | |
Tara Krejcarek SVP Strategic Partnerships | 0 | $116,987 |
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 | $3,411,576 |
| Investment income | $45,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20 |
| Net Gain/Loss on Asset Sales | $131,140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,629,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,072 |
| 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. | $393,765 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,280,884 |
| Pension plan accruals and contributions | $127,844 |
| Other employee benefits | $128,954 |
| Payroll taxes | $117,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $390 |
| Fees for services: Lobbying | $50,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,675 |
| Advertising and promotion | $202,549 |
| Office expenses | $28,100 |
| Information technology | $208,520 |
| Royalties | $0 |
| Occupancy | $234,259 |
| Travel | $6,795 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $129,130 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,329 |
| Insurance | $20,483 |
| All other expenses | $0 |
| Total functional expenses | $3,331,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,934 |
| Savings and temporary cash investments | $2,393,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,478 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $225,266 |
| Net Land, buildings, and equipment | $189,226 |
| Investments—publicly traded securities | $4,694,319 |
| Investments—other securities | $96,099 |
| Investments—program-related | $251,656 |
| Intangible assets | $0 |
| Other assets | $124,990 |
| Total assets | $8,422,290 |
| Accounts payable and accrued expenses | $293,871 |
| Grants payable | $0 |
| Deferred revenue | $345,300 |
| 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 | $1,038,631 |
| Total liabilities | $1,677,802 |
| Net assets without donor restrictions | $5,668,333 |
| Net assets with donor restrictions | $1,076,155 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,422,290 |
Grants Awarded
Over the last fiscal year, Wisconsin Credit Union League Inc has awarded $93,775 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: POLITICAL EXPENDITURES | $84,477 |
Madison, WI PURPOSE: GENERAL SUPPORT | $9,298 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Union Executives Society Madison, WI | $8,321,099 | $11,726,194 |
Sauget Sanitary Development & Research Association Sauget, IL | $2,077,489 | $11,379,905 |
World Council Of Credit Unions Inc Madison, WI | $4,821,097 | $12,974,167 |
Michigan Credit Union League Plymouth, MI | $88,338,400 | $4,235,709 |
Michigan Townships Association Lansing, MI | $8,385,951 | $4,347,332 |
Minnesota Bankers Association Eden Prairie, MN | $8,043,309 | $3,421,584 |
Wisconsin Credit Union League Inc Madison, WI | $8,422,290 | $3,629,838 |
Minnesota Rural Water Association Elbow Lake, MN | $3,077,826 | $3,261,922 |
Amalgamated Social Benefits Association Chicago, IL | $4,079,204 | $2,494,451 |
Michigan Rural Water Association Okemos, MI | $1,869,015 | $2,731,981 |
Minnesota Telephone Association Inc Stpaul, MN | $1,279,282 | $1,707,745 |
Wisconsin Rural Water Association Inc Plover, WI | $3,269,363 | $2,411,727 |