Landmark Credit Union

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

EIN: 390203995 ✦ New berlin, WI ✦ Designated as a 501(c)(14)

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Overview

What is Landmark Credit Union?

Landmark Credit Union is a member-owned, not-for-profit cooperative financial institution based primarily in southeastern Wisconsin. With over 378,000 members, they provide affordable financial services to improve the economic and social conditions of their community. Established under Wisconsin state law, their mission is to encourage savings, create a source of credit at fair rates, and offer opportunities for members to enhance their economic status. Landmark Credit Union employs 1,170 individuals and serves as a cooperative, nonprofit corporation.


Official website here: www.landmarkcu.com

What do the Facebook reviews say about Landmark Credit Union?

42% of 14 reviewers on Facebook recommend Landmark Credit Union. Here is a summary of their reviews:

The general sentiment leans towards dissatisfaction, with numerous complaints highlighting significant issues with customer service. Reviewers express frustration over the difficulties they encounter when attempting to resolve account-related issues, citing long wait times and ineffective support. One user specifically mentioned falling short in providing necessary documentation and having a poor experience when seeking to close an account after relocating.

Overall, prospective members may want to consider these concerns before engaging with Landmark Credit Union, as many feel that the service does not meet their expectations or provide adequate support.


This AI summary has been generated from reviews found on Facebook.

Is Landmark Credit Union legitimate?

Landmark Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Landmark 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: $4,455,457
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,991,311

For more financial information, click here


Official website here: www.landmarkcu.com

What is the mission statement of Landmark Credit Union?

Landmark Credit Union is a member-owned, not-for-profit cooperative financial institution. Established under Wisconsin state law, its mission is to encourage savings among its members, serve as a reliable source of credit at fair and reasonable rates, and provide opportunities for economic and social improvement. The credit union aims to offer affordable financial services to over 378,000 members, primarily residing in Southeastern Wisconsin. In summary, Landmark Credit Union exists to foster savings, offer accessible credit, and enhance the financial well-being of its cooperative membership.


Official website here: www.landmarkcu.com

Who is the CEO of Landmark Credit Union?

David Powers is the Treasurer/Ceo/President of Landmark Credit Union. The CEO's salary of Landmark Credit Union is $1,511,260 and their total compensation is $1,593,318.


Official website here: www.landmarkcu.com

What is the revenue of Landmark Credit Union?

Landmark Credit Union's revenue in 2022 was $253,257,967.


Official website here: www.landmarkcu.com

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

The average compensation at Landmark Credit Union during 2022 was $58,502. There are 1170 employees at Landmark Credit Union.


Here are 21 key members and their salaries (Landmark Credit Union's CEO's salary is $1,511,260 and their total compensation is $1,593,318):


Jay Magulski (Treasurer/Ceo/President)
  • Compensation: $1,511,260
  • Related: $0
  • Other: $82,058
Brian Dorow (Chairperson)
  • Compensation: $27,700
  • Related: $0
  • Other: $0
Nancy Dickman (Secretary)
  • Compensation: $24,725
  • Related: $0
  • Other: $0
Grace Kostroski (Vice Chairperson)
  • Compensation: $21,908
  • Related: $0
  • Other: $0
Jennifer Zierer (Director)
  • Compensation: $18,500
  • Related: $0
  • Other: $0
Ailec Gonzalez (Director)
  • Compensation: $18,500
  • Related: $0
  • Other: $0
Mike Erwin (Director)
  • Compensation: $18,500
  • Related: $0
  • Other: $0
John Schulze Jr (Director)
  • Compensation: $18,500
  • Related: $0
  • Other: $0
Nelson Phillips (Director)
  • Compensation: $18,500
  • Related: $0
  • Other: $0
Dane Sandersen (Associate Director)
  • Compensation: $9,650
  • Related: $0
  • Other: $0
Brian Melter (Cxo)
  • Compensation: $512,653
  • Related: $0
  • Other: $65,197
David Powers (Cfo)
  • Compensation: $411,361
  • Related: $0
  • Other: $58,477
Mark Kennedy (Clo)
  • Compensation: $424,910
  • Related: $0
  • Other: $62,307
Stephen Hannan Jr (Cio)
  • Compensation: $420,210
  • Related: $0
  • Other: $58,937
Robert Bruemmer (Evp)
  • Compensation: $269,986
  • Related: $0
  • Other: $40,001
Jodi Greenmeier (Cpo)
  • Compensation: $315,396
  • Related: $0
  • Other: $46,220
Luke Hesprich (Senior Investment Rep)
  • Compensation: $434,100
  • Related: $0
  • Other: $67,020
Karen Braun (Supervisor, Mortgage Lendi)
  • Compensation: $262,460
  • Related: $0
  • Other: $42,793
Adam Newman (Evp)
  • Compensation: $318,506
  • Related: $0
  • Other: $60,130
Ryan Jandris (Svp Digital Stratgey)
  • Compensation: $277,582
  • Related: $0
  • Other: $51,068
Donald Lickel (Svp Mortgage Services)
  • Compensation: $262,967
  • Related: $0
  • Other: $40,007


Official website here: www.landmarkcu.com

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

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


Official website here: www.landmarkcu.com

Learn more at the official website: www.landmarkcu.com

Mission Statement of Landmark Credit Union

Landmark Credit Union, a member-owned cooperative financial institution, was established with a mission to encourage thrift among its members, create a reliable source of credit at fair and reasonable costs, and provide opportunities for its members to enhance their economic and social conditions. Incorporated under Wisconsin state law, this not-for-profit corporation aims to serve its over 378,000 members primarily residing in southeastern Wisconsin.

Landmark Credit Union's primary objective is to make a difference in the lives of its members by offering affordable financial services. The cooperative's mission is deeply rooted in the belief that by joining forces, individuals can pool their resources to build a stronger, more prosperous community. As a member, one becomes part of a collective that strives for economic improvement and mutual support, enabling each member to access essential financial tools to help them thrive.

By acting as a responsible financial partner, Landmark Credit Union empowers its members to make informed financial choices and navigate the complexities of their financial lives. The credit union's commitment to its members extends beyond just providing loans and savings accounts; it also focuses on fostering financial literacy and education. Through this dedication, Landmark Credit Union has become an indispensable resource for its members, helping them achieve financial stability and build a brighter future.

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Impact




October, 2024

Landmark Credit Union plays a vital role in the financial wellbeing of its members, providing low-cost financial services to over 378,312 individuals primarily in southeastern Wisconsin. By operating as a member-owned institution, it fosters a sense of community and encourages thrift among its members.

The cooperative model allows Landmark to offer fair and reasonable credit options, contributing positively to the economic condition of its members. This focus on member benefits helps to improve not only financial circumstances but also social conditions, creating a ripple effect that enhances the overall quality of life within the community. Through its services, Landmark Credit Union supports local economic stability, making a significant impact in the lives of its members and the broader region.




This information is meant to be a general summary of Landmark 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
$253,257,967 (2022)
Expenses
$196,503,710 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $26,305,219
  • Program Service Revenue: $226,880,001
  • Gross Receipts: $253,842,441

Assets and Liabilities:

  • Total Assets: $6,153,508,927
  • Total Liabilities: $5,578,481,174
  • Net Assets: $575,027,753

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Programs

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

LOAN INTEREST INCOME

Revenue

$167,516,539

OTHER OPERATING INCOME

Revenue

$31,189,266

FEE REVENUE

Revenue

$28,174,196

Organization Details

Founding Year

1933

Principal Officer

David Powers

Main Address

2775 S MOORLAND ROAD, NEW BERLIN, WI, 53151

NTEE Category

Code: W60 - Public benefit

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