Southshore Credit Union
- Assets
- $0.0
- Revenue
- $689.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Cudahy, WI
- Founding
- Data as of
- 12/2015
- EIN
- 39-0926162
Organization Overview
Southshore Credit Union is located in Cudahy, WI. As of 12/2015, Southshore Credit Union employed 7 individuals. Southshore Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
SERVING MEMBERS INTEREST BY ACCEPTING DEPOSITS, GRANTING LOANS, AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FUNDED 281 LOANS DURING 2015. AS OF 12/31/15, WE HAD 120 MORTGAGES/HOME EQUITY, 616 CONSUMER LOANS AND 2 MEMBER BUSINESS LOANS. WE ALSO HAD 645 CREDIT CARD ACCOUNTS WITH OUR MEMBERS AS OF 12/31.
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 2200 MEMBERS AT 12/31/15. DURING 2015, WE OPENED 156 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Nappe Chair | OfficerTrustee | 0 | $0 |
Rudy Banyai Vice Chair | OfficerTrustee | 0 | $0 |
Richard Mcgaver Director | Trustee | 0 | $0 |
Jerry Kramer Treasurer | OfficerTrustee | 0 | $0 |
Frank Miller Secretary | OfficerTrustee | 0 | $0 |
Tom Zielinski Director | Trustee | 0 | $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 | $618,658 |
| Investment income | $69,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,703 |
| 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 | $689,529 |
| 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. | $89,220 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,692 |
| Pension plan accruals and contributions | $6,038 |
| Other employee benefits | $12,151 |
| Payroll taxes | $14,263 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,407 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,665 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,047 |
| Office expenses | $38,945 |
| Information technology | $56,495 |
| Royalties | $0 |
| Occupancy | $30,706 |
| Travel | $393 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,311 |
| Interest | $256 |
| Payments to affiliates | $3,674 |
| Depreciation, depletion, and amortization | $31,012 |
| Insurance | $10,470 |
| All other expenses | $6,540 |
| Total functional expenses | $751,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| 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 | $0 |