Overview
What is University Of Wisconsin Credit Union?
The University of Wisconsin Credit Union, also known as UWCU, is a financially insured institution based in Madison, Wisconsin. With a significant workforce of over 1,100 employees, UWCU offers consumer financial products and services tailored to the money management needs of its members. The organization's mission is to promote thrift, create a source of credit at a reasonable rate, and help members enhance their economic and social conditions. UWCU extended more than $1.1 billion in consumer credit, enabling members to make home improvements, purchase reliable vehicles, and pursue continuing education. In response to the impact of higher mortgage rates on first-time homebuyers, UWCU introduced adjustable-rate loans with initial rates fixed for up to 15 years, ensuring buyers could secure their homes with the assurance of future flexibility.
Official website here: www.uwcu.org
Is University Of Wisconsin Credit Union legitimate?
University Of Wisconsin Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. University Of Wisconsin 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: $4,473,234
Professional Fundraising Fees: $0
Other Salaries and Wages: $64,772,191
For more financial information, click here
Official website here: www.uwcu.org
What is the mission statement of University Of Wisconsin Credit Union?
The University of Wisconsin Credit Union (UWCU) serves as a federally insured financial institution, offering consumer financial products and services to help its members manage their money effectively. The mission of UWCU is multifaceted. It aims to promote thrift among its members, offering a reliable source of credit at reasonable interest rates. The credit union also seeks to enhance the economic and social conditions of its members. As a designated credit union under applicable law, UWCU performs various functions to meet these objectives. In essence, UWCU exists to assist its members in improving their financial well-being.
Official website here: www.uwcu.org
Who is the CEO of University Of Wisconsin Credit Union?
Paul Kundert is the CEO of University Of Wisconsin Credit Union The CEO's salary of University Of Wisconsin Credit Union is $943,044 and their total compensation is $1,336,391.
Official website here: www.uwcu.org
What is the revenue of University Of Wisconsin Credit Union?
University Of Wisconsin Credit Union's revenue in 2023 was $280,888,360.
Official website here: www.uwcu.org
Who are the executives of University Of Wisconsin Credit Union and what are their salaries?
The average compensation at University Of Wisconsin Credit Union during 2023 was $50,360. There are 1375 employees and 14 volunteers at University Of Wisconsin Credit Union.
Here are 23 key members and their salaries (University Of Wisconsin Credit Union's CEO's salary is $943,044 and their total compensation is $1,336,391):
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $675
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $943,044
- Related: $0
- Other: $393,347
- Compensation: $471,304
- Related: $0
- Other: $55,603
- Compensation: $324,642
- Related: $0
- Other: $60,216
- Compensation: $464,614
- Related: $0
- Other: $41,847
- Compensation: $429,728
- Related: $0
- Other: $61,363
- Compensation: $310,230
- Related: $0
- Other: $61,785
- Compensation: $283,412
- Related: $0
- Other: $50,052
- Compensation: $221,589
- Related: $0
- Other: $44,738
- Compensation: $204,772
- Related: $0
- Other: $50,947
- Compensation: $388,632
- Related: $0
- Other: $62,766
- Compensation: $287,645
- Related: $0
- Other: $54,693
- Compensation: $273,580
- Related: $0
- Other: $50,664
- Compensation: $269,930
- Related: $0
- Other: $50,524
- Compensation: $261,751
- Related: $0
- Other: $23,005
Official website here: www.uwcu.org
Where can I find the form 990 for University Of Wisconsin Credit Union?
University Of Wisconsin Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.uwcu.org
Learn more at the official website: www.uwcu.org
Mission Statement of University Of Wisconsin Credit Union
University of Wisconsin Credit Union, also known as UWCU, is a financially secure institution that caters to the consumer financial needs of its members. Established with a mission to encourage thrift and provide a reliable source of credit at reasonable rates, UWCU aims to help its members enhance their economic and social conditions.
As a member-focused organization, UWCU's primary objective is to offer financial products and services tailored to meet the money management goals of its diverse membership base. By performing the functions and exercising the powers designated under applicable law, UWCU strives to create opportunities for financial growth and stability among its members.
In alignment with its mission, UWCU fosters a culture of savings and responsible financial management. By offering various savings and loan options, the credit union empowers its members to make informed decisions about their money and build a strong financial foundation. Through its member-focused approach, UWCU provides an essential service, facilitating the financial well-being of its community.
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Impact
October, 2024
University of Wisconsin Credit Union (UWCU) significantly impacts its community by providing essential financial products and services tailored to meet the diverse needs of its members. By extending over $1.1 billion in consumer credit, UWCU empowers individuals to achieve their financial goals, such as home improvements, purchasing reliable vehicles, and pursuing continuing education.
In response to challenges like rising mortgage rates for first-time homebuyers, UWCU has developed adjustable-rate loans with initial fixed rates, ensuring that members can secure financing with greater confidence and flexibility. This proactive approach not only supports economic stability for members but also fosters social advancement, allowing individuals and families to enhance their living conditions.
Through its mission to encourage thrift, create accessible credit at reasonable rates, and improve the economic and social conditions of its members, UWCU plays a vital role in strengthening the community, promoting financial literacy, and contributing to the overall economic well-being of Madison, WI, and beyond.
This information is meant to be a general summary of University Of Wisconsin 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 2023.
- Investment Income: $27,241,885
- Program Service Revenue: $249,218,383
- Gross Receipts: $614,544,707
Assets and Liabilities:
- Total Assets: $5,145,209,271
- Total Liabilities: $4,706,821,120
- Net Assets: $438,388,151
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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
$184,426,422
CARD & ATM INTERCHANGE
Revenue
$44,024,292
INVESTMENT & INSURANCE
Revenue
$7,937,420
LOAN SERVICING FEES
Revenue
$7,813,635
SERVICE CHARGES & FEES
Revenue
$5,016,614
Organization Details
Founding Year
1931
Principal Officer
Paul Kundert
Website
www.uwcu.orgNTEE Category
Code: W60 - Public benefit
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