Unison Credit Union
- Assets
- $299.9m
- Revenue
- $11.2m
- Investments
- $98.4m
- Employees
- 80
- Location
- Kaukauna, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-1134930
Organization Overview
Unison Credit Union is located in Kaukauna, WI. As of 12/2022, Unison Credit Union employed 80 individuals. Unison 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 12/2022, Unison Credit Union generated $11.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $9.9m during the year ending 12/2022. While expenses have increased by 6.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A MEMBER-OWNED NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNISON CREDIT UNION IS A FULL SERVICE CREDIT UNION SERVING OUR MEMBERS FROM SIX LOCATIONS IN KAUKAUNA, LITTLE CHUTE, WRIGHTSTOWN, DE PERE, AND GRAND CHUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Verhagen Chairman Of The Board | OfficerTrustee | 1 | $0 |
Jim Fett Vice Chairman Of The Board | OfficerTrustee | 1 | $0 |
Daniel Valentyn Board Secretary | OfficerTrustee | 1 | $0 |
Carol Wedig Board Member | Trustee | 1 | $0 |
David Van DE Hey Board Member | Trustee | 1 | $0 |
Kelly Kelly Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cu Answers Core Data Processing Services | 12/30/22 | $507,208 |
First Data Processing Inc Debit Card Processing And Atm Driving | 12/30/22 | $414,451 |
Fis Credit Card Processing | 12/30/22 | $180,377 |
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 | $8,660,526 |
| Investment income | $2,473,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,020 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,161,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $742,382 |
| Compensation of current officers, directors, key employees. | $1,316,419 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,744,316 |
| Pension plan accruals and contributions | $139,772 |
| Other employee benefits | $395,478 |
| Payroll taxes | $291,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,393 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $790,162 |
| Advertising and promotion | $0 |
| Office expenses | $1,290,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $240,379 |
| Travel | $79,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $458,813 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $489,668 |
| Insurance | $0 |
| All other expenses | $26,709 |
| Total functional expenses | $9,912,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,982,349 |
| Savings and temporary cash investments | $7,981,918 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $446,583 |
| Loans from Officers, Directors, or Controlling Persons | $5,512,956 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $171,947,843 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $231,867 |
| Net Land, buildings, and equipment | $6,780,899 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $98,431,063 |
| Investments—program-related | $0 |
| Intangible assets | $242,424 |
| Other assets | $3,352,698 |
| Total assets | $299,910,600 |
| Accounts payable and accrued expenses | $2,903,541 |
| 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 | $5,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $273,896,942 |
| Total liabilities | $281,800,483 |
| 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 | $18,110,117 |
| Total liabilities and net assets/fund balances | $299,910,600 |
Grants Awarded
Over the last fiscal year, Unison Credit Union has awarded $53,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WRIGHTSTOWN AREA BASEBALL ASSOCIATION PURPOSE: SCOREBOARD SPONSORSHIP | $10,000 |
SPIERINGS CANCER FOUNDATION PURPOSE: SPONSORSHIP FOR ROCK CANCER EVENT | $10,000 |
CITY OF KAUKAUNA PURPOSE: FOX RIVER BOARDWALK CROSSING SUPPORT AND SPONSORSHIP FOR LIVE AT HYDRO PARK MUSIC EVENTS | $22,000 |
WISCONSIN TIMBER RATTLERS PURPOSE: 2022 SEASON SPONSORSHIP | $11,000 |