Gundersen Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237108910 ✦ La crosse, WI ✦ Designated as a 501(c)(14)

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Overview

What is Gundersen Credit Union?

Gundersen Credit Union is a cooperative, nonprofit organization based in La Crosse, Wisconsin. Established with the purpose of encouraging thrift among its members and offering them a reliable source of credit at reasonable costs, the credit union primarily serves the employees, retirees, volunteers, and affiliates of Gundersen Health Systems, along with their immediate families. It operates as a member-owned financial cooperative, aiming to improve the economic and social conditions of its members. With a dedicated team of 12 individuals, Gundersen Credit Union strives to provide financial assistance and support to its members, upholding its mission to function as a not-for-profit financial cooperative.


Official website here: www.gundersencu.org

Is Gundersen Credit Union legitimate?

Gundersen Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gundersen Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $135,941
Professional Fundraising Fees: $0
Other Salaries and Wages: $373,826

For more financial information, click here


Official website here: www.gundersencu.org

What is the mission statement of Gundersen Credit Union?

Gundersen Credit Union functions as a member-owned, not-for-profit financial cooperative, primarily serving the employees, retirees, volunteers, and their immediate families of Gundersen Health Systems and its affiliates. Its mission is to encourage thrift among its members, offer a reliable source of credit at reasonable costs, and provide an opportunity for its members to enhance their economic and social conditions. The cooperative operates as a cooperative, nonprofit corporation, with the aim to promote savings and lending among its members.


Official website here: www.gundersencu.org

Who is the CEO of Gundersen Credit Union?

Jeremy Yardley is the Chair of Gundersen Credit Union. The CEO's salary of Gundersen Credit Union is $135,941 and their total compensation is $161,868.


Official website here: www.gundersencu.org

What is the revenue of Gundersen Credit Union?

Gundersen Credit Union's revenue in 2022 was $1,954,633.


Official website here: www.gundersencu.org

Who are the executives of Gundersen Credit Union and what are their salaries?

The average compensation at Gundersen Credit Union during 2022 was $42,481. There are 12 employees and 7 volunteers at Gundersen Credit Union.


Here are 8 key members and their salaries (Gundersen Credit Union's CEO's salary is $135,941 and their total compensation is $161,868):


Jon Bingol (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loren Carrell (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Fisch (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brady Lowe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Goethel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Rainey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Ritter (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Yardley (President/Ceo)
  • Compensation: $135,941
  • Related: $0
  • Other: $25,927


Official website here: www.gundersencu.org

Where can I find the form 990 for Gundersen Credit Union?

Gundersen Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gundersencu.org

Learn more at the official website: www.gundersencu.org

Mission Statement of Gundersen Credit Union

Gundersen Credit Union, established as a cooperative and nonprofit corporation, serves a unique purpose. Its mission is centered around supporting the financial well-being of its members, who primarily consist of employees, retirees, volunteers, and their immediate families associated with Gundersen Health Systems and its affiliates. This member-owned financial cooperative aims to encourage savings among its members, provide a reliable source of credit at reasonable costs, and contribute to the economic and social improvement of its members. By functioning in this capacity, Gundersen Credit Union strives to create a supportive financial environment for its members, fostering their financial stability and overall quality of life.

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Impact




October, 2024

Gundersen Credit Union plays a crucial role in fostering economic well-being and financial stability among the employees, retirees, and volunteers of Gundersen Health System and its affiliates, along with their immediate families. As a member-owned financial cooperative, it encourages thrift and offers a reliable source of credit at fair and reasonable rates. This approach empowers its members by providing them with the tools necessary to improve their financial situations, thereby enhancing their overall quality of life.

By prioritizing the needs of its members, Gundersen Credit Union not only facilitates personal financial growth but also strengthens the community around Gundersen Health System. The cooperative model ensures that profits are reinvested into the services offered, benefiting the members directly and contributing to a supportive financial environment. Through its commitment to accessibility and reasonable costs, Gundersen Credit Union significantly impacts the economic conditions of its members, fostering a sense of security and stability in their lives.




This information is meant to be a general summary of Gundersen Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,954,633 (2022)
Expenses
$1,742,748 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $221,061
  • Program Service Revenue: $1,733,572
  • Gross Receipts: $1,954,633

Assets and Liabilities:

  • Total Assets: $61,290,036
  • Total Liabilities: $54,237,752
  • Net Assets: $7,052,284

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$1,360,854

INTERCHANGE INCOME

Revenue

$239,984

FEE INCOME

Revenue

$111,859

OPERATING INCOME

Revenue

$20,875

Organization Details

Founding Year

1971

Principal Officer

Jeremy Yardley

Main Address

1910 SOUTH AVENUE, LA CROSSE, WI, 54601

NTEE Category

Code: W60 - Public benefit

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