Badger Credit Union Corp
- Assets
- $14.9m
- Revenue
- $614.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Peshtigo, WI
- Founding
- Data as of
- 12/2016
- EIN
- 39-0900717
Organization Overview
Badger Credit Union Corp is located in Peshtigo, WI. As of 12/2016, Badger Credit Union Corp employed 6 individuals. Badger Credit Union Corp 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 12/2016, Badger Credit Union Corp generated $614.8k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $574.3k during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
"TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE 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
FOR THE YEAR ENDED DECEMBER 31, 2016: A 429 PERSONAL LOANS TOTALING 3,465,021.21 WERE MADE. B 4 REAL ESTATE LOANS TOTALING 283,281.78 WERE MADE. C 0 HOME EQUITY LOANS WERE MADE. D 1 FIXED REM LOANS TOTALING 100,000.00 E TOTAL MEMBERS AT 12/31/16 EQUALS 2,152.
SAME AS INFORMATION LISTED ABOVE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Walters Director | Trustee | $0 | |
Thomas Rhode Director | Trustee | $0 | |
Don Marquardt Director | Trustee | $0 | |
Diane Laplant Director | Trustee | $0 | |
Jeff Behnke Director | Trustee | $0 | |
Robert Ellison Director | Trustee | $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 | $572,992 |
| Investment income | $23,670 |
| 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 | $614,839 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,419 |
| Pension plan accruals and contributions | $6,772 |
| Other employee benefits | $29,336 |
| Payroll taxes | $18,475 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,662 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,170 |
| Travel | $650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,235 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,403 |
| Insurance | $15,477 |
| All other expenses | $48,769 |
| Total functional expenses | $574,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,617,290 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,918,379 |
| 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 | $39,721 |
| Net Land, buildings, and equipment | $268,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,171 |
| Total assets | $14,895,685 |
| Accounts payable and accrued expenses | $46,218 |
| 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 | $12,534,869 |
| Total liabilities | $12,581,087 |
| Unrestricted restricted net Assets | $706,329 |
| Temporarily restricted net Assets | $1,608,269 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $2,314,598 |