Dane County Credit Union
- Assets
- $0.0
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 91
- Location
- Madison, WI
- Founding
- Data as of
- 02/2022
- EIN
- 39-6047472
Organization Overview
Dane County Credit Union is located in Madison, WI. As of 12/2021, Dane County Credit Union employed 91 individuals. Dane County 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 02/2022, Dane County Credit Union generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.2%) each year. All expenses for the organization totaled $1.1m during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (32.8%) per year over the past 5 years. 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
BUILDING LIFETIME RELATIONSHIPS WITH PERSONALIZED FINANCIAL SOLUTIONS.
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 1,922 NEW DEPOSIT ACCOUNTS IN 2021. AS OF 12/31/21 WE HAD 15,436 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,969 NEW LOANS DURING 2021. AS OF 12/31/21 WE HAD 7,921 OUTSTANDING LOANS RECEIVABLE.
THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 248 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 02/28/22 WE HAD 15,074 MEMBERS.
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 219 NEW LOANS DURING 2022. AS OF 02/28/22 WE HAD 7,585 OUTSTANDING LOANS RECEIVABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shay Santos CEO | Officer | 40 | $32,024 |
Bonnie Rosenmeier VP Marketing | Officer | 40 | $26,042 |
Scott Stewart VP Lending | Officer | 40 | $22,371 |
Brent Davies It Director | Officer | 40 | $21,848 |
Tim Vilter VP Finance | Officer | 40 | $30,007 |
John Mclellan Treasurer | OfficerTrustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Portico Core Data Systm | 12/30/18 | $700,861 |
Integrated Security Solutions Security Equip | 12/30/18 | $360,404 |
Tri-north Builders Gen Contractor | 12/30/18 | $727,890 |
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 | $1,120,480 |
| Investment income | $79,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,861 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,443 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,266,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| 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. | $102,285 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $500,956 |
| Pension plan accruals and contributions | $10,039 |
| Other employee benefits | $48,215 |
| Payroll taxes | $34,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,921 |
| Fees for services: Accounting | $2,918 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,417 |
| Advertising and promotion | $5,860 |
| Office expenses | $150,084 |
| Information technology | $131,725 |
| Royalties | $0 |
| Occupancy | $51,952 |
| Travel | $1,262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,269 |
| Interest | $2,976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,707 |
| Insurance | $2,546 |
| All other expenses | $0 |
| Total functional expenses | $1,078,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,022,261 |
| Savings and temporary cash investments | $49,356,014 |
| 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 | $125,345,949 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $434,654 |
| Net Land, buildings, and equipment | $4,999,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $29,539,169 |
| Intangible assets | $0 |
| Other assets | $3,446,653 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $2,459,296 |
| Grants payable | $0 |
| Deferred revenue | $106,039 |
| 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 | $197,081,410 |
| Total liabilities | $0 |
| 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 | $17,497,835 |
| Total liabilities and net assets/fund balances | $0 |
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