Overview
What is Kohler Credit Union?
Kohler Credit Union is a credit union based at 5727 Superior Avenue, Sheboygan, Wisconsin, 53083. Established with a mission to encourage thrift among members, this nonprofit organization creates a reliable source of credit and offers opportunities for members to enhance their economic and social conditions. In 2021, the credit union originated over $207 million in new loans and serviced over $459 million in loan balances for its members. With a team of approximately 230 employees, Kohler Credit Union continues to perform the functions and exercise the powers designated for credit unions under applicable law.
Official website here: www.kohlercu.com
Is Kohler Credit Union legitimate?
Kohler Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kohler 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: $893,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,205,091
For more financial information, click here
Official website here: www.kohlercu.com
What is the mission statement of Kohler Credit Union?
Kohler Credit Union is dedicated to encouraging thrift among its members and acting as a reliable source of credit at reasonable costs. Its mission is to provide members with opportunities to enhance their economic and social conditions. The credit union adheres to the functions and powers designated for credit unions under applicable law, and in 2021, it originated over $207 million in new loans and serviced over $459 million in loan balances for its member-owners.
Official website here: www.kohlercu.com
Who is the CEO of Kohler Credit Union?
Tony Klockow is the President of Kohler Credit Union.
Official website here: www.kohlercu.com
What is the revenue of Kohler Credit Union?
Kohler Credit Union's revenue in 2022 was $22,715,156.
Official website here: www.kohlercu.com
Who are the executives of Kohler Credit Union and what are their salaries?
The average compensation at Kohler Credit Union during 2022 was $35,211. There are 230 employees and 9 volunteers at Kohler Credit Union.
Here are 17 key members and their salaries:
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- Compensation: $447,293
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- Other: $21,605
- Compensation: $262,871
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- Other: $7,295
- Compensation: $151,024
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- Other: $3,379
- Compensation: $125,029
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- Other: $22,103
- Compensation: $133,491
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- Other: $13,430
- Compensation: $124,850
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- Other: $17,028
- Compensation: $200,259
- Related: $0
- Other: $4,178
- Compensation: $140,567
- Related: $0
- Other: $16,523
Official website here: www.kohlercu.com
Where can I find the form 990 for Kohler Credit Union?
Kohler Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kohlercu.com
Learn more at the official website: www.kohlercu.com
Mission Statement of Kohler Credit Union
Kohler Credit Union, a leading financial institution, is committed to encouraging thrift among its members while providing a reliable source of credit at reasonable costs. Established under applicable law, the organization aims to empower each member to improve their economic and social conditions. By performing the designated functions and exercising the powers of a credit union, Kohler Credit Union enables its members to reap financial benefits.
The mission of Kohler Credit Union is multifaceted. It starts by encouraging members to save and develop good financial habits, thus fostering a thriving community of financially responsible individuals. The organization then offers credit services, ensuring that members have access to fair and affordable financing options when they need it. In doing so, Kohler Credit Union creates opportunities for its members to enhance their economic conditions.
Moreover, Kohler Credit Union plays a pivotal role in serving the loan needs of its members, originating over $207 million in new loans and servicing over $459 million in loan balances for its member-owners. These figures underscore the organization's success in providing essential financial services to its community. By offering loans and maintaining existing balances, Kohler Credit Union helps its members meet their financial goals, whether it is purchasing a home, investing in education, or addressing unforeseen expenses. In this way, the credit union truly embodies its mission to empower its members and improve their economic and social conditions.
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Impact
October, 2024
Kohler Credit Union significantly impacts its members and the broader Sheboygan community by fostering a culture of thrift and providing accessible credit options. In the past year alone, they originated over $207 million in new loans, supporting a wide range of personal and business financial needs. This substantial lending activity highlights their commitment to improving the economic conditions of their members.
With over $459 million in loan balances serviced, Kohler Credit Union plays a crucial role in enhancing the financial well-being of individuals and families. By offering credit at fair and reasonable costs, they empower members to pursue their financial goals, whether it’s buying a home, financing education, or supporting entrepreneurial ventures. Their mission is centered around promoting thrift and creating opportunities for social and economic improvement, directly contributing to the quality of life in the community.
This information is meant to be a general summary of Kohler 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,025,331
- Program Service Revenue: $21,689,825
- Gross Receipts: $23,103,069
Assets and Liabilities:
- Total Assets: $576,276,707
- Total Liabilities: $535,342,432
- Net Assets: $40,934,275
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$14,141,199
OTHER INCOME
Revenue
$5,303,896
FEE INCOME
Revenue
$2,244,730
Organization Details
Founding Year
1938
Phone
(888) 528-2595Principal Officer
Tony Klockow
Main Address
5727 SUPERIOR AVE, SHEBOYGAN, WI, 53083
Website
www.kohlercu.comIf you are a representative of Kohler Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.