Empower Credit Union

Organization Overview

Empower Credit Union is located in West Allis, WI. As of 12/2021, Empower Credit Union employed 31 individuals. Empower 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, Empower Credit Union generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE THRIFT AND RESPONSIBLE BORROWING AMONG OUR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTE THRIFT AND RESPONSIBLE BORROWING AMONG OUR MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Brandt
CEO
$150,779
Thomas Flintrop
CFO
$83,801
Dennis Lyon Jr
Clo
$80,576
William Fern
COO
$77,975
Cari Bray
COO
$59,003
Steven Teiken
CFO
$48,803

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$2,385,573
Investment income $184,878
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$950
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,603,724

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