Kenosha Police & Firemens Credit Union
- Assets
- $10.3m
- Revenue
- $214.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Kenosha, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-0903874
Organization Overview
Kenosha Police & Firemens Credit Union is located in Kenosha, WI. As of 12/2021, Kenosha Police & Firemens Credit Union employed 4 individuals. Kenosha Police & Firemens 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, Kenosha Police & Firemens Credit Union generated $214.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $207.4k during the year ending 12/2021. While expenses have increased by 0.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE KENOSHA POLICE & FIREMEN'S CREDIT UNION IS A COOPERATIVE, NON PROFIT CORPORATION, INCORPORATED UNDER WISCONSIN STATE LAW TO ENCOURAGE THRIFT AMONG IT'S MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR IT'S MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.WE ARE CHARTERED AS A CLOSED CREDIT UNION WITH MEMBERSHIP LIMITED ONLY TO EMPLOYEES OF THE KENOSHA POLICE AND FIRE DEPARTMENT AND THEIR IMMEDIATE FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CREDIT UNION PAID INTEREST ON CERTIFICATES OF DEPOSIT PLACED BY OUR MEMBERS. WE BEGAN THE YEAR WITH 113 CERTIFICATES HAVING A DOLLAR VALUE OF $2,145,101.00. WE ENDED THE YEAR WITH 118 CERTIFICATES WITH A DOLLAR VALUE OF $2,411,201.00. AN INCREASE OF 5 CERTIFICATES AND A INCREASE OF $266,100.00 THE TOTAL INTEREST WE PAID ON ALL CERTIFICATES FOR THE YEAR AMOUNTED TO $22,560.00 TOTAL EXPENSES $22,560.00.
OUR CREDIT UNION PAID INTEREST ON REGULAR SAVINGS ACCOUNTS FOR ALL OUR MEMBERS WITH A MINIMUM BALANCE OF $100.00 . WE BEGAN THE YEAR WITH 1046 MEMBER SAVINGS ACCOUNTS WITH A DOLLAR VALUE OF $4,353,892.00. WE ENDED THE YEAR WITH 1083 MEMBER SAVINGS ACCOUNTS WITH A DOLLAR VALUE OF $4,465,097.00. A INCREASE OF 37 MEMBER SAVINGS ACCOUNTS WITH A INCREASE IN DOLLAR VALUE OF $111,205.00. THE TOTAL INTEREST WE PAID ON ALL MEMBER SAVINGS ACCOUNTS FOR THE YEAR AMOUNTED TO $10,108.00. TOTAL EXPENSES $10,108.00.
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel G Santelli President/ceo/director/treasurer | OfficerTrustee | 40 | $76,200 |
Bradley E Kemen Vice President/director/sect. Board | OfficerTrustee | 15 | $30,336 |
John A Alia Director/teller | Trustee | 5 | $5,400 |
David J Marifern Director/teller | Trustee | 5 | $5,063 |
Lawrence E Kessler Chairman/director | OfficerTrustee | 1.5 | $0 |
Michael D Marifern Vice Chairman/director/audit Chairman | OfficerTrustee | 1.5 | $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 | $160,815 |
| Investment income | $53,447 |
| 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 | $214,262 |
| 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. | $122,362 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $148 |
| Office expenses | $10,985 |
| Information technology | $7,145 |
| Royalties | $0 |
| Occupancy | $4,620 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $500 |
| Interest | $32,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,320 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $207,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,647,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,633,987 |
| 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 | $10,058 |
| Net Land, buildings, and equipment | $4,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,005 |
| Total assets | $10,308,565 |
| Accounts payable and accrued expenses | $20,739 |
| 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 | $6,876,298 |
| Total liabilities | $6,897,037 |
| 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 | $3,411,528 |
| Total liabilities and net assets/fund balances | $10,308,565 |
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