Premier Financial Credit Union
- Assets
- $129.6m
- Revenue
- $6.0m
- Investments
- $9.8m
- Employees
- 60
- Location
- New Holstein, WI
- Founding
- Data as of
- 12/2023
- EIN
- 39-1020437
Organization Overview
Premier Financial Credit Union is located in New Holstein, WI. As of 12/2023, Premier Financial Credit Union employed 60 individuals. Premier Financial 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 12/2023, Premier Financial Credit Union generated $6.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 8 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
TO PROVIDE IN A SOUND AND BUSINESSLIKE MANNER, FOR OUR FIELD OF MEMBERSHIP,SIMPLE YET FLEXIBLE PROGRAMS TO HELP ACHIEVE A BETTER SOCIAL AND ECONOMIC LIFE FOR MEMBERS AND COMMUNITY, MAINTAINING THE CREDIT UNION'S FRIENDLY MEMBER OWNED PHILOSOPHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LOW-COSTS FINANCIAL SERVICES TO ITS MEMBERS. SERVED MEMBERS' INTEREST BY ACCEPTING DEPOSITS, GRANTING LOANS, AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER.
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 |
|---|---|---|---|
Mary Jo Muellenbach Chairperson | OfficerTrustee | 1 | $0 |
Thomas Mueller Vice Chairperson | OfficerTrustee | 1 | $0 |
Sandra Burg Secretary | OfficerTrustee | 1 | $0 |
Philip Vergowe Treasurer | OfficerTrustee | 1 | $0 |
Tre Waldren Board Member | Trustee | 1 | $0 |
Kathy Billmann Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Inc Core Processor, Debit/cred Cards, Home B | 12/30/23 | $306,668 |
Jr Construction Construction On New Holstein Building | 12/30/23 | $199,318 |
Applied Tech Solutions Llc It Services | 12/30/23 | $137,433 |
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 | $3,801,270 |
| Investment income | $1,967,377 |
| 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 | $5,957,275 |
| 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 | $138,931 |
| Compensation of current officers, directors, key employees. | $321,560 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,518,272 |
| Pension plan accruals and contributions | $161,395 |
| Other employee benefits | $104,637 |
| Payroll taxes | $134,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,762 |
| Fees for services: Accounting | $38,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $481,689 |
| Advertising and promotion | $80,657 |
| Office expenses | $286,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,719 |
| Travel | $43,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $193,141 |
| Insurance | $0 |
| All other expenses | -$156,590 |
| Total functional expenses | $4,327,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,763,830 |
| Savings and temporary cash investments | $34,800,415 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $67,263,252 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,031,803 |
| Net Land, buildings, and equipment | $4,121,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,843,307 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,730,436 |
| Total assets | $129,579,825 |
| Accounts payable and accrued expenses | $1,947,139 |
| 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 | $115,329,318 |
| Total liabilities | $117,276,457 |
| 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 | $12,303,368 |
| Total liabilities and net assets/fund balances | $129,579,825 |