Me Employees Credit Union
- Assets
- $17.5m
- Revenue
- $676.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Wausau, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0787262
Organization Overview
Me Employees Credit Union is located in Wausau, WI. As of 12/2022, ME Employees Credit Union employed 4 individuals. ME Employees 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, ME Employees Credit Union generated $676.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $589.7k during the year ending 12/2022. While expenses have increased by 5.7% 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
WE ARE A COOPERATIVE, NONPROFIT CORPORATION, INCORPORATED TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
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 311 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 1,388 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 169 NEW LOANS TO OUR MEMBERS DURING 2022. AS OF 12/31/22 WE HAD 587 LOANS TO OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracie Wills President/ce | Officer | 40 | $70,430 |
Charlene Parlier Loan Officer | Officer | 40 | $52,230 |
Chris Voll Chair | OfficerTrustee | 1 | $0 |
Jen Woller Vice Chair | OfficerTrustee | 1 | $0 |
Patrick Goulee Treasurer | OfficerTrustee | 1 | $0 |
Andrew Rothenberger Secretary | OfficerTrustee | 1 | $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 | $658,082 |
| Investment income | $18,650 |
| 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 | $676,732 |
| 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. | $122,660 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,196 |
| Pension plan accruals and contributions | $5,694 |
| Other employee benefits | $14,141 |
| Payroll taxes | $14,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,736 |
| Advertising and promotion | $13,482 |
| Office expenses | $80,312 |
| Information technology | $39,843 |
| Royalties | $0 |
| Occupancy | $39,478 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,419 |
| Interest | $122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,287 |
| Insurance | $9,681 |
| All other expenses | $0 |
| Total functional expenses | $589,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,474 |
| Savings and temporary cash investments | $1,487,189 |
| 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 | $14,709,220 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,012 |
| Net Land, buildings, and equipment | $761,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $123,572 |
| Intangible assets | $0 |
| Other assets | $252,643 |
| Total assets | $17,475,544 |
| Accounts payable and accrued expenses | $79,965 |
| 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 | $15,467,327 |
| Total liabilities | $15,547,292 |
| 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 | $1,928,252 |
| Total liabilities and net assets/fund balances | $17,475,544 |