Dairyland Power Cu
- Assets
- $19.9m
- Revenue
- $840.9k
- Investments
- $0.0
- Employees
- 3
- Location
- La Crosse, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-1016558
Organization Overview
Dairyland Power Cu is located in La Crosse, WI. As of 12/2023, Dairyland Power Cu employed 3 individuals. Dairyland Power Cu 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 12/2023, Dairyland Power Cu generated $840.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $469.2k during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DAIRYLAND POWER CREDIT UNION IS DEDICATED TO OUR MEMBERS' BEST INTEREST BY OFFERING COMPETITIVELY PRICED, DIVERSIFIED, AND FINANCIALLY SOUND PRODUCTS AND SERVICES PROVIDED IN A PROFESSIONAL AND FRIENDLY MANNER.
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 78 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 1,237 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 152 NEW LOANS TO OUR MEMBERS DURING 2023. AS OF 12/31/23 WE HAD 617 LOANS TO OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Johnson Manager | Officer | 55 | $88,704 |
Darla Bingham Chair | OfficerTrustee | 1 | $0 |
Laurie Parsons Vice Chair | OfficerTrustee | 1 | $0 |
Andy Thomes Treasurer | OfficerTrustee | 1 | $0 |
Courtney Cuta Secretary | OfficerTrustee | 1 | $0 |
Vladimir Tsoy 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 | $673,103 |
| Investment income | $165,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,944 |
| 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 | $840,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $258 |
| Grants and other assistance to domestic individuals. | $200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,704 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,352 |
| Pension plan accruals and contributions | $12,430 |
| Other employee benefits | $8,280 |
| Payroll taxes | $13,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,265 |
| Advertising and promotion | $27,972 |
| Office expenses | $52,968 |
| Information technology | $29,628 |
| Royalties | $0 |
| Occupancy | $5,209 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,222 |
| Interest | $19 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,637 |
| Insurance | $10,431 |
| All other expenses | $0 |
| Total functional expenses | $469,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,482 |
| Savings and temporary cash investments | $3,950,184 |
| 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 | $15,395,305 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,894 |
| Net Land, buildings, and equipment | $18,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $147,845 |
| Intangible assets | $0 |
| Other assets | $117,474 |
| Total assets | $19,893,012 |
| Accounts payable and accrued expenses | $17,410 |
| 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 | $16,037,566 |
| Total liabilities | $16,054,976 |
| 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 | $3,838,036 |
| Total liabilities and net assets/fund balances | $19,893,012 |