Ripco Credit Union

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

EIN: 390571035 ✦ Rhinelander, WI ✦ Designated as a 501(c)(14)

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Overview

What is Ripco Credit Union?

Ripco Credit Union is a nonprofit financial institution based in Rhinelander, Wisconsin, with an address at 121 Sutliffe Avenue. Serving over 12,000 members, Ripco offers a diverse range of deposit and loan products at competitive rates. Committed to innovation, the credit union stands out through its products and services, while also providing exceptional customer service. With a strong focus on excellence, Ripco Credit Union aims to establish long-lasting relationships with its members, one individual at a time. The credit union has a workforce of 61 dedicated employees.


Official website here: www.ripco.org

Is Ripco Credit Union legitimate?

Ripco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ripco 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: $322,738
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,281,039

For more financial information, click here


Official website here: www.ripco.org

What is the mission statement of Ripco Credit Union?

Ripco Credit Union operates with an attitude of excellence, providing exceptional financial services to its members to build long-lasting relationships. Their mission is to deliver these services one member at a time, aiming to establish a strong bond with each individual. The credit union offers a variety of deposit and loan products at competitive rates and strives for innovation in its offerings. Beyond financial services, Ripco Credit Union is committed to offering exceptional customer service.


Official website here: www.ripco.org

Who is the CEO of Ripco Credit Union?

Jennifer Grinder is the Chairman of Ripco Credit Union. The CEO's salary of Ripco Credit Union is $139,485 and their total compensation is $164,569.


Official website here: www.ripco.org

What is the revenue of Ripco Credit Union?

Ripco Credit Union's revenue in 2022 was $7,543,781.


Official website here: www.ripco.org

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

The average compensation at Ripco Credit Union during 2022 was $42,685. There are 61 employees and 7 volunteers at Ripco Credit Union.


Here are 9 key members and their salaries (Ripco Credit Union's CEO's salary is $139,485 and their total compensation is $164,569):


Steven Ferch (Chairman)
  • Compensation: $2,750
  • Related: $0
  • Other: $0
Rod Olson (Vice Chairman)
  • Compensation: $1,700
  • Related: $0
  • Other: $0
Heather Schallock (Treasurer)
  • Compensation: $1,850
  • Related: $0
  • Other: $0
Maggie Steffen (Secretary)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Alyssa Borski (Director)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Rick Zoerb (Director)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Grace Zuiker Nash (Director)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Veronika Baron (Interim President/Ceo)
  • Compensation: $139,485
  • Related: $0
  • Other: $25,084
James Levandoski (Vp Of Lending)
  • Compensation: $117,586
  • Related: $0
  • Other: $28,883


Official website here: www.ripco.org

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

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


Official website here: www.ripco.org

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

Mission Statement of Ripco Credit Union

Ripco Credit Union, with its commitment to excellence, strives to provide exceptional financial services to its members, fostering long-lasting relationships one member at a time. Their mission is centered around delivering a wide array of competitive deposit and loan products, all while prioritizing innovation in their offerings and ensuring exceptional customer service. Through this approach, Ripco Credit Union aims to build enduring connections with its over 12,000 members.

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Impact




October, 2024

Ripco Credit Union plays a vital role in the Rhinelander community by providing exceptional financial services tailored to the needs of its members. Serving over 12,000 individuals, Ripco offers a diverse range of deposit and loan products at competitive rates, ensuring accessibility to financial resources for its members. Their commitment to innovation is evident in the continuous development of new products and services, enhancing the overall member experience.

The organization's "Attitude of Excellence" guides its operations, fostering lifelong relationships with each member. This personalized approach not only strengthens community bonds but also promotes financial literacy and well-being. By emphasizing exceptional customer service, Ripco Credit Union makes a significant positive impact on the financial health of individuals and families in the Rhinelander area, contributing to the overall economic vitality of the region.




This information is meant to be a general summary of Ripco 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
$7,543,781 (2022)
201120122013201420152016201720182019202020212022$0$2M$4M$6M$8M
Expenses
$7,024,233 (2022)
201120122013201420152016201720182019202020212022$0$2M$4M$6M$8M
Efficiency
2011201220132014201520162017201820192020202120220%7%14%21%28%35%

Other financial information:

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

  • Investment Income: $1,155,567
  • Program Service Revenue: $6,388,214
  • Gross Receipts: $7,552,940

Assets and Liabilities:

  • Total Assets: $188,341,075
  • Total Liabilities: $173,580,303
  • Net Assets: $14,760,772

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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

$4,719,675

FEE INCOME

Revenue

$1,366,174

INTERCHANGE INCOME

Revenue

$110,813

SALE OF INSURANCE

Revenue

$42,732

Organization Details

Founding Year

1932

Principal Officer

Jennifer Grinder

Main Address

121 SUTLIFF AVENUE, RHINELANDER, WI, 54501

NTEE Category

Code: W60 - Public benefit

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