1st Class Express Credit Union is located in Waukesha, WI. As of 12/2021, 1st Class Express Credit Union employed 4 individuals. 1st Class Express 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 12/2021, 1st Class Express Credit Union generated $147.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $138.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE THRIFT AMONG OUR MEMBERS, TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND TO PROVIDE AN OPPORTUNITY FOR EACH OF OUR MEMBERS TO IMPROVE THEIR RESPECTIVE 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 18 NEW DEPOSIT ACCOUNTS IN 2021. AS OF 12/31/21 WE HAD 671 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 45 NEW LOANS TO OUR MEMBERS DURING 2021. AS OF 12/31/21 WE HAD 282 LOANS TO OUR MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Ross President | Officer | 40 | $40,200 |
John Morkin Treasurer | OfficerTrustee | 0.5 | $0 |
Christine Millard Secretary | OfficerTrustee | 0.5 | $0 |
Cynthia Kessenish Chair | OfficerTrustee | 1 | $0 |
James Mathews Vice Chair | OfficerTrustee | 0.5 | $0 |
Paul Gorzalski Director | Trustee | 0.5 | $0 |
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 | $139,379 |
Investment income | $1,181 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $6,600 |
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 | $147,160 |
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. | $40,200 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $12,774 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $5,223 |
Payroll taxes | $4,215 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,615 |
Advertising and promotion | $3,117 |
Office expenses | $24,521 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $8,373 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,545 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,467 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $138,177 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $23,177 |
Savings and temporary cash investments | $1,907,202 |
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 | $1,646,750 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,776 |
Net Land, buildings, and equipment | $80,571 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $12,818 |
Intangible assets | $0 |
Other assets | $22,677 |
Total assets | $3,694,971 |
Accounts payable and accrued expenses | $31,482 |
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 | $3,179,598 |
Total liabilities | $3,211,080 |
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 | $483,891 |
Total liabilities and net assets/fund balances | $3,694,971 |
Over the last fiscal year, we have identified 1 grants that 1st Class Express Credit Union has recieved totaling $9,600.
Awarding Organization | Amount |
---|---|
Wisconsin Credit Union Foundationinc Madison, WI PURPOSE: TO HELP FUND A DRIVE-THROUGH WINDOW PURCHASE AND INSTALLATION | $9,600 |
Organization Name | Assets | Revenue |
---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |