Health Care Credit Union
- Assets
- $27.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Oshkosh, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-0992061
Organization Overview
Health Care Credit Union is located in Oshkosh, WI. As of 12/2021, Health Care Credit Union employed 8 individuals. Health Care 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, Health Care Credit Union generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 6.2% 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
TO PROVIDE APPROPRIATE FINANCIAL SERVICES TO HEALTH CARE WORKERS WHO ARE EMPLOYED OR RESIDE IN WINNEBAGO COUNTY, WISCONSIN, SO THAT THEY MAY INCREASE THEIR PERSONAL FINANCIAL STRENGTH AND STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 465 LOANS DURING 2020. AS OF 12/31/20, WE HAD 1,078 LOANS TO OUR MEMBERS.
THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS WITH 2,437 MEMBERS AT 12/31/20. DURING 2020, WE OPENED 133 NEW DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS.
TO PROVIDE APPROPRIATE FINANCIAL SERVICES TO HEALTH CARE WORKERS WHO ARE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Groth President/ce | Officer | 50 | $91,780 |
Danielle Hilbert Vp/clo | Officer | 50 | $68,218 |
Elizabeth Cummings Chair | OfficerTrustee | $0 | |
Ted Bowen Vice-Chair | OfficerTrustee | $0 | |
Paula Pedretti Secretary | OfficerTrustee | $0 | |
Sue Hammerseng Treasurer | OfficerTrustee | $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 | $1,537,725 |
| Investment income | $12,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,959 |
| 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 | $1,554,539 |
| 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. | $159,998 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,913 |
| Pension plan accruals and contributions | $3,008 |
| Other employee benefits | $15,421 |
| Payroll taxes | $31,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,723 |
| Fees for services: Accounting | $4,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,011 |
| Advertising and promotion | $7,044 |
| Office expenses | $332,721 |
| Information technology | $83,038 |
| Royalties | $0 |
| Occupancy | $64,625 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,382 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,880 |
| All other expenses | $0 |
| Total functional expenses | $1,074,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,370 |
| Savings and temporary cash investments | $4,055,567 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $204,894 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,629,691 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,237 |
| Net Land, buildings, and equipment | $360,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $625,069 |
| Intangible assets | $0 |
| Other assets | $37,422 |
| Total assets | $27,262,155 |
| Accounts payable and accrued expenses | $42,239 |
| 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 | $23,968,782 |
| Total liabilities | $24,011,021 |
| 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 | $3,251,134 |
| Total liabilities and net assets/fund balances | $27,262,155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Community Support Services Inc Akron, OH | $23,036,222 | $26,517,082 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |