Appletree Credit Union

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

EIN: 390388215 ✦ West allis, WI ✦ Designated as a 501(c)(14)

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Overview

What is Appletree Credit Union?

Appletree Credit Union is a nonprofit cooperative, established with the goal of promoting thrift among its members. Located at 11333 West Greenfield Avenue, West Allis, Wisconsin 53214, it serves a membership of 6,476 individuals. The credit union's mission is to provide low-cost financial services and create a reliable source of credit, all while aiming to enhance the economic and social conditions of its members. With a dedicated workforce of 18 employees, Appletree Credit Union strives to fulfill its mission and contribute positively to its members' financial wellbeing.


Official website here: www.appletree.org

Is Appletree Credit Union legitimate?

Appletree Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Appletree 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: $260,701
Professional Fundraising Fees: $0
Other Salaries and Wages: $788,173

For more financial information, click here


Official website here: www.appletree.org

What is the mission statement of Appletree Credit Union?

Appletree Credit Union is established as a cooperative, nonprofit corporation with a mission to foster savings among its members. This mission extends to creating a reliable source of credit at reasonable rates and offering an opportunity for members to enhance their economic and social well-being. In essence, the credit union aims to promote thrift and financial stability among its members. It provides low-cost financial services to over 6,400 individuals, contributing to their financial and social growth.


Official website here: www.appletree.org

Who is the CEO of Appletree Credit Union?

Lisa M Greco is the Ceo/President & Secretary of Appletree Credit Union. The CEO's salary of Appletree Credit Union is $156,666 and their total compensation is $197,283.


Official website here: www.appletree.org

What is the revenue of Appletree Credit Union?

Appletree Credit Union's revenue in 2022 was $3,294,411.


Official website here: www.appletree.org

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

The average compensation at Appletree Credit Union during 2022 was $58,271. There are 18 employees and 7 volunteers at Appletree Credit Union.


Here are 8 key members and their salaries (Appletree Credit Union's CEO's salary is $156,666 and their total compensation is $197,283):


Lisa M Greco (Ceo/President & Secretary)
  • Compensation: $156,666
  • Related: $0
  • Other: $40,617
Gary Weckwerth (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Owens (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Greidanus (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Carrigan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Psuik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristi Heather (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Luedtke (Controller)
  • Compensation: $104,035
  • Related: $0
  • Other: $18,058


Official website here: www.appletree.org

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

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


Official website here: www.appletree.org

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

Mission Statement of Appletree Credit Union

Appletree Credit Union, a cooperative and non-profit corporation, is established with the primary objective of promoting thrift among its members. This organization serves as a catalyst, encouraging its members to save money and provides them with a reliable source of credit at reasonable rates. Moreover, Appletree Credit Union aims to offer its members an opportunity to enhance their economic and social conditions. By providing low-cost financial services to its 6,476 members, Appletree Credit Union strives to contribute positively to its members' financial well-being.

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Impact




October, 2024

Appletree Credit Union has a significant impact on its community through its commitment to providing low-cost financial services to its 6,476 members. By encouraging thrift and creating accessible sources of credit, Appletree empowers individuals to improve their economic conditions. This cooperative model not only fosters financial stability but also enhances the social well-being of its members, as it promotes responsible financial practices and supports members in achieving their financial goals. Located in West Allis, Wisconsin, Appletree Credit Union plays a vital role in fostering economic growth and resilience within the community, ensuring that financial services are fair and beneficial for all its members.




This information is meant to be a general summary of Appletree 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
$3,294,411 (2022)
201120122013201420152016201720182019202020212022$0$1.5M$3M$4.5M$6M
Expenses
$2,497,460 (2022)
201120122013201420152016201720182019202020212022$0$850k$1.7M$2.55M$3.4M
Efficiency
2011201220132014201520162017201820192020202120220%7%14%21%32%

Other financial information:

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

  • Investment Income: $271,190
  • Program Service Revenue: $3,022,056
  • Gross Receipts: $3,294,411

Assets and Liabilities:

  • Total Assets: $130,204,657
  • Total Liabilities: $96,430,755
  • Net Assets: $33,773,902

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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

$2,779,860

ACCOUNT/CARD SERVICE FEES

Revenue

$205,607

OTHER INCOME

Revenue

$36,589

Organization Details

Founding Year

1935

Principal Officer

Lisa M Greco

Main Address

11333 WEST GREENFIELD AVENUE, WEST ALLIS, WI, 53214

NTEE Category

Code: W60 - Public benefit

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