Fox Communities Credit Union
- Assets
- $1.8b
- Revenue
- $84.2m
- Investments
- $22.4m
- Employees
- 513
- Location
- Appleton, WI
- Founding
- Data as of
- 12/2019
- EIN
- 39-0738415
Fox Communities Credit Union Overview
Fox Communities Credit Union is located in Appleton, WI. As of 12/2019, Fox Communities Credit Union employed 513 individuals.
For the year ending 12/2019, Fox Communities Credit Union generated $84.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $67.3m during the year ending 12/2019. While expenses have increased by 13.6% 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
WE AT FOX COMMUNITIES CREDIT UNION HAVE A COMMITMENT TO ENRICH THE QUALITY OF LIFE FOR OUR MEMBERS THROUGH PERSONALIZED FINANCIAL SERVICES THROUGHOUT THEIR ENTIRE LIFE CYCLE. THE CREDIT UNION IS DEDICATED TO THE PROTECTION OF OUR MEMBER'S FINANCIAL WELL-BEING AND TO OPERATE IN AN ECONOMICALLY SOUND MANNER. THE CREDIT UNION WILL PROVIDE AN ATMOSPHERE OF PROFESSIONALISM, FRIENDLINESS AND MUTUAL TRUST. WE SHALL REMAIN STRONG IN OUR INVOLVEMENT AND SUPPORT OF OUR COMMUNITY'S ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FUNDED 16,486 LOANS DURING 2019. AS OF 12/31/19, WE HAD 6,441 MORTGAGES/HOME EQUITY, 31,530 CONSUMER LOANS, 1,563 MEMBER BUSINESS LOANS, AND 31,530 CREDIT CARD ACCOUNTS.
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 106,340 MEMBERS AT 12/31/19. DURING 2019, WE OPENED 38,805 NEW DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS.
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Fox Communities Credit Union Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Hilbert President/ceo | Officer | 40 | $637,004 |
Christopher Allen Clo | Officer | 40 | $198,243 |
Kory Kitowski Cio | Officer | 40 | $195,733 |
Dawn Doberstein VP Commercial Lending | Officer | 40 | $195,379 |
Bruce Kotarek VP Finance | Officer | 40 | $182,381 |
Rick Ripley VP Commercial Lending | Officer | 40 | $166,285 |
Fox Communities Credit Union Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mortgage Cadence Software | 12/30/19 | $392,790 |
Greg Cook Law Legal Services | 12/30/19 | $332,500 |
Arca Tech Systems Atm Servicing | 12/30/19 | $236,789 |
Mccarty Law Llp Legal Services | 12/30/19 | $136,168 |
Triserv Appraisal Mgmt Solutions Appraisal Services | 12/30/19 | $309,550 |
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 | $78,651,901 |
| Investment income | $5,813,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$241,954 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,223,252 |
| 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. | $3,163,157 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,103,183 |
| Pension plan accruals and contributions | $694,508 |
| Other employee benefits | $2,876,345 |
| Payroll taxes | $1,420,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,958 |
| Fees for services: Accounting | $179,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,924 |
| Fees for services: Other | $870,980 |
| Advertising and promotion | $2,746,880 |
| Office expenses | $2,169,695 |
| Information technology | $3,445,465 |
| Royalties | $0 |
| Occupancy | $1,941,430 |
| Travel | $335,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $487,594 |
| Interest | $4,923,711 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,755,529 |
| Insurance | $319,130 |
| All other expenses | $3,478,044 |
| Total functional expenses | $67,317,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,614,776 |
| Savings and temporary cash investments | $39,281,971 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,833,607 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,515,628,031 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,347,674 |
| Net Land, buildings, and equipment | $24,945,111 |
| Investments—publicly traded securities | $170,714,113 |
| Investments—other securities | $22,409,923 |
| Investments—program-related | $0 |
| Intangible assets | $442,041 |
| Other assets | $43,676,812 |
| Total assets | $1,834,894,059 |
| Accounts payable and accrued expenses | $29,161,762 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,264,145 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $214,613,835 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,379,480,195 |
| Total liabilities | $1,624,519,937 |
| 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 | $210,374,122 |
| Total liabilities and net assets/fund balances | $1,834,894,059 |
Fox Communities Credit Union Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Pediatric Practice Inc Omaha, NE | $15,650,196 | $83,093,909 |
Indiana University Health Ball Memorial Physicians Inc Indianapolis, IN | $16,024,027 | $95,147,634 |
Luther College Decorah, IA | $291,863,327 | $123,520,374 |
Mclaren Lapeer Region Lapeer, MI | $115,832,993 | $137,459,389 |
Ascension Medical Group Promed St Louis, MO | $6,982,417 | $78,824,301 |
American College Of Surgeons Chicago, IL | $595,958,812 | $134,561,979 |
Humboldt Park Health Chicago, IL | $100,099,980 | $117,545,333 |
Pennyrile Rural Electric Cooperative Corporation Hopkinsville, KY | $246,960,400 | $129,860,794 |
Herzing University Ltd Menomonee Falls, WI | $115,556,008 | $135,915,250 |
Burrell Inc Springfield, MO | $103,383,729 | $144,683,356 |
Holy Family Memorial Inc Manitowoc, WI | $183,919,607 | $124,147,621 |
3m Employees Welfare Benefits Association Trust I St Paul, MN | $615,214,452 | $92,816,378 |
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