Fond Du Lac Credit Union
- Assets
- $82.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Fond Du Lac, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-0936240
Organization Overview
Fond Du Lac Credit Union is located in Fond Du Lac, WI. As of 12/2021, Fond Du Lac Credit Union employed 27 individuals. Fond Du Lac 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, Fond Du Lac Credit Union generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) 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
TO CREATE EXCEPTIONAL MEMBERS EXPERIENCES.
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 447 NEW DEPOSIT ACCOUNTS IN 2021. AS OF 12/31/21 WE HAD 6,656 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 719 NEW LOANS DURING 2021. AS OF 12/31/21 WE HAD 3,350 LOANS RECEIVABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Roesch President / | OfficerTrustee | 40 | $116,827 |
Lorri Heimback VP Marktng | Officer | 40 | $81,457 |
Megan Gysbers Director Acc | Officer | 40 | $69,951 |
Jeremy Van Deraa Treasurer | OfficerTrustee | 1 | $0 |
Marty Schibbelhut Chair | OfficerTrustee | 1 | $0 |
Hannah Smet Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shazam Debit Card Proc | 12/30/20 | $208,373 |
Pscu Credit Crd Proc | 12/30/20 | $117,543 |
Shazam Debit Card Proc | 12/30/20 | $208,373 |
Pscu Credit Crd Proc | 12/30/20 | $117,543 |
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 | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $2,287,470 |
| Investment income | $190,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,186 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,490,008 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,294 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $268,235 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $622,891 |
| Pension plan accruals and contributions | $17,634 |
| Other employee benefits | $105,393 |
| Payroll taxes | $69,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,398 |
| Fees for services: Accounting | $18,159 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $95,399 |
| Office expenses | $402,755 |
| Information technology | $126,214 |
| Royalties | $0 |
| Occupancy | $80,777 |
| Travel | $150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,603 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,636 |
| Insurance | $33,082 |
| All other expenses | $0 |
| Total functional expenses | $2,094,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,050,519 |
| Savings and temporary cash investments | $18,724,330 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$67,006 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $42,892,440 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $328,667 |
| Net Land, buildings, and equipment | $1,583,376 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,853,476 |
| Intangible assets | $0 |
| Other assets | $1,438,280 |
| Total assets | $82,804,082 |
| Accounts payable and accrued expenses | $226,601 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $18,210 |
| 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 | $74,902,622 |
| Total liabilities | $75,147,433 |
| 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 | $7,656,649 |
| Total liabilities and net assets/fund balances | $82,804,082 |
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