Prospera Credit Union

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

EIN: 390744917 ✦ Appleton, WI ✦ Designated as a 501(c)(14)

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Overview

What is Prospera Credit Union?

Prospera Credit Union is a member-owned, not-for-profit financial cooperative based in Appleton, Wisconsin. With a team of 131 employees, they operate as a credit union dedicated to promoting thrift, offering credit at fair rates, and providing various services to enhance the financial well-being of their members. Prospera Credit Union's mission is to help members prosper financially, ensuring a better quality of life for all.


Official website here: www.myprospera.com

Is Prospera Credit Union legitimate?

Prospera Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Prospera 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: $1,313,697
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,555,519

For more financial information, click here


Official website here: www.myprospera.com

What is the mission statement of Prospera Credit Union?

Prospera Credit Union is a member-owned, not-for-profit cooperative financial institution. Its mission is to help members prosper financially, thereby enhancing their quality of life. Prospera Credit Union functions as a credit union, promoting thrift, providing credit at reasonable costs, and offering various other services to benefit its members. The organization operates as a financial cooperative, with its members serving as its owners. Prospera Credit Union is dedicated to ensuring the financial well-being of its members, striving to provide them with essential financial services and resources to foster their financial growth and stability.


Official website here: www.myprospera.com

Who is the CEO of Prospera Credit Union?

Sheila Schinke is the Principal Officer of Prospera Credit Union. The CEO's salary of Prospera Credit Union is $363,598 and their total compensation is $474,511.


Official website here: www.myprospera.com

What is the revenue of Prospera Credit Union?

Prospera Credit Union's revenue in 2022 was $16,930,595.


Official website here: www.myprospera.com

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

The average compensation at Prospera Credit Union during 2022 was $44,803. There are 131 employees and 9 volunteers at Prospera Credit Union.


Here are 19 key members and their salaries (Prospera Credit Union's CEO's salary is $363,598 and their total compensation is $474,511):


Louis Licari (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Uitenbroek (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Ronk (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Clifford (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Barr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lindsay Fenlon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Bublitz (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Mcadow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beau Ashton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Mcclelland (Cfo)
  • Compensation: $203,666
  • Related: $0
  • Other: $99,122
Sheila M Schinke (Ceo)
  • Compensation: $363,598
  • Related: $0
  • Other: $110,913
Barb Berken (Coo)
  • Compensation: $155,642
  • Related: $0
  • Other: $19,842
Kristina Flores (Vp Of Marketing)
  • Compensation: $151,061
  • Related: $0
  • Other: $22,778
Kari Christoph (Chro)
  • Compensation: $163,697
  • Related: $0
  • Other: $45,391
John Schemm (Clo)
  • Compensation: $276,031
  • Related: $0
  • Other: $82,428
Jeff Garrett (Vp Investment Services)
  • Compensation: $314,268
  • Related: $0
  • Other: $68,227
Jerry Ramus (Vp Business Lending)
  • Compensation: $133,272
  • Related: $0
  • Other: $6,657
Todd Thiel (Cdto)
  • Compensation: $106,288
  • Related: $0
  • Other: $26,629
Shonna Prickette (Vp Business Operations)
  • Compensation: $108,939
  • Related: $0
  • Other: $28,396


Official website here: www.myprospera.com

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

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


Official website here: www.myprospera.com

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

Mission Statement of Prospera Credit Union

Prospera Credit Union, a member-owned and not-for-profit cooperative financial institution, is dedicated to helping its members thrive financially and enhance their quality of life. Established as a credit union, Prospera promotes thrift by offering various services to its membership, providing credit at fair and reasonable costs.

At the heart of Prospera Credit Union's mission lies the commitment to assisting its members in their financial journey. By operating as a financial cooperative, Prospera empowers its members to pool their resources and collectively benefit from the services it provides. As a result, the organization fosters an environment of mutual support and financial growth for all its members.

Prospera's mission extends beyond traditional banking services, as it aims to make a tangible difference in the lives of its members. By offering credit, savings, and other financial services, the credit union works to ensure its members have the tools they need to build a secure financial future. Through this approach, Prospera Credit Union aspires to create a community where its members can prosper collectively and individually.

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Impact




October, 2024

Prospera Credit Union plays a significant role in enhancing the financial well-being of its members in Appleton, WI. As a member-owned cooperative financial institution, it prioritizes the needs of its community by promoting thrift and providing access to affordable credit options. This unique structure empowers members, fostering a sense of ownership and collaboration.

The credit union is dedicated to helping individuals and families achieve their financial goals, offering various financial services designed to improve quality of life. Through its commitment to fair and reasonable lending practices, Prospera Credit Union not only supports its members' financial health but also contributes to the overall economic vitality of the region. By focusing on the prosperity of its members, Prospera effectively uplifts the community, making a lasting impact on the lives of those it serves.




This information is meant to be a general summary of Prospera 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
$16,930,595 (2022)
Expenses
$15,633,775 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,369,717
  • Program Service Revenue: $15,546,157
  • Gross Receipts: $16,941,463

Assets and Liabilities:

  • Total Assets: $364,585,520
  • Total Liabilities: $334,666,236
  • Net Assets: $29,919,284

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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

$11,161,843

FEE INCOME

Revenue

$1,630,706

INTERCHANGE INCOME

Revenue

$1,327,688

COMMISSIONS

Revenue

$1,210,858

OTHER OPERATING REVENUE

Revenue

$215,062

Organization Details

Founding Year

1934

Principal Officer

Sheila Schinke

Main Address

4830 N BALLARD RD, APPLETON, WI, 54913

NTEE Category

Code: W60 - Public benefit

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