La Crosse Burlington Credit Union
- Assets
- $8.5m
- Revenue
- $142.4k
- Investments
- $0.0
- Employees
- 1
- Location
- La Crosse, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-0909267
Organization Overview
La Crosse Burlington Credit Union is located in La Crosse, WI. LA Crosse Burlington 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, LA Crosse Burlington Credit Union generated $142.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $196.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 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
WE ARE A NON-PROFIT, MEMBER-OWNED FINANCIAL ORGANIZATION. WE STRIVE TO PROVIDE FINANCIAL SERVICES, EDUCATION, AND THE LONG-TERM STABILITY OF THE CREDIT UNION BY: ENCOURAGING THRIFT AMONG OUR MEMBERS; CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST; HELPING IMPROVE OUR MEMBERS' FINANCIAL CONDITION; PROVIDING EXCELLENCE IN MEMBER SERVICE THROUGH A PROMPT, FRIENDLY, AND KNOWLEDGEABLE STAFF; AND PROMOTING THE UNIQUENESS AND PHILOSOPHY OF THE CREDIT UNION SYSTEM.
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 67 NEW DEPOSIT ACCOUNTS IN 2021. AS OF 12/31/21 WE HAD 941 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 210 NEW LOANS TO OUR MEMBERS DURING 2021. AS OF 12/31/21 WE HAD 344 LOANS TO OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Hannon President | Officer | 55 | $32,968 |
Charles Dillon Chair | OfficerTrustee | 1 | $0 |
Timothy Irish Vice Chair | OfficerTrustee | 1 | $0 |
Laurie Cafe Treasurer | OfficerTrustee | 1 | $0 |
Michael Koziara Secretary | OfficerTrustee | 1 | $0 |
Nancy Fischer Director | Trustee | 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 | $135,175 |
| Investment income | $7,187 |
| 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 | $142,362 |
| 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. | $32,968 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $989 |
| Other employee benefits | $0 |
| Payroll taxes | $2,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $933 |
| Office expenses | $109,242 |
| Information technology | $21,594 |
| Royalties | $0 |
| Occupancy | $6,443 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,540 |
| Insurance | $9,956 |
| All other expenses | $0 |
| Total functional expenses | $196,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,200 |
| Savings and temporary cash investments | $5,082,244 |
| 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 | $2,615,083 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,703 |
| Net Land, buildings, and equipment | $20,808 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $565,947 |
| Intangible assets | $0 |
| Other assets | $73,629 |
| Total assets | $8,525,614 |
| Accounts payable and accrued expenses | $21,510 |
| 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 | $7,601,558 |
| Total liabilities | $7,623,068 |
| 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 | $902,546 |
| Total liabilities and net assets/fund balances | $8,525,614 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that La Crosse Burlington Credit Union has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Wisconsin Credit Union Foundationinc Madison, WI PURPOSE: Technology and security upgrades | $5,000 |
Peer Organizations
| 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 |