Madison Credit Union

Organization Overview

Madison Credit Union is located in Madison, WI. As of 12/2022, Madison Credit Union employed 11 individuals. Madison 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, Madison Credit Union generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 0.0% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

MADISON CREDIT UNION IS A COOPERATIVE NON PROFIT CORPORATION, INCORPORATED UNDER WISCONSIN STATE LAW 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

CREDIT UNION PROGRAM: PROVIDED 89 FIRST MORTGAGES TOTALING $9,099,845. PROVIDED 61,843 NEW AND USED AUTO LOANS TOTALING $11,648,693.


CREDIT UNION PROGRAM: PROVIDE LOW COST FINANCIAL SERVICES TO 3,103 MEMBERS.


CREDIT UNION PROGRAM: SERVICED MEMBERS' INTEREST BY ACCEPTING DEPOSITS, GRANTING LOANS, AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER.


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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$1,107,905
Investment income $380,956
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 $1,488,861

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Madison Credit Union has recieved totaling $10,000.

Awarding OrganizationAmount
John J And Rose Cali Family Foundation

Cranford, NJ

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Recipient Profile

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