Me Employees Credit Union

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

EIN: 390787262 ✦ Wausau, WI ✦ Designated as a 501(c)(14)

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Overview

What is Me Employees Credit Union?

Me Employees Credit Union is a nonprofit organization located in Wausau, Wisconsin, with an address at 111 E Randolph Street, 54401. Established as a cooperative, its primary mission is to foster savings among its members, provide affordable credit, and create opportunities for financial improvement. As of December 31, 2022, the credit union had 1,388 members, and in the previous year, 311 new deposit accounts were opened. With a small workforce of 4 employees, Me Employees Credit Union continues to serve its members to enhance their economic and social conditions.


Official website here: www.meecu.org

Is Me Employees Credit Union legitimate?

Me Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Me Employees 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: $122,660
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,196

For more financial information, click here


Official website here: www.meecu.org

What is the mission statement of Me Employees Credit Union?

Me Employees Credit Union is a cooperative, nonprofit organization with a mission to foster savings among its members, offer them affordable credit, and provide an opportunity for economic and social improvement. Established as a corporation, its primary goal is to promote thrift and serve as a source of credit at reasonable rates. By doing so, the credit union aims to help its members enhance their financial well-being and overall living conditions.


Official website here: www.meecu.org

Who is the CEO of Me Employees Credit Union?

Tracie Wills is the President/Ce of Me Employees Credit Union.


Official website here: www.meecu.org

What is the revenue of Me Employees Credit Union?

Me Employees Credit Union's revenue in 2022 was $676,732.


Official website here: www.meecu.org

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

The average compensation at Me Employees Credit Union during 2022 was $49,214. There are 4 employees and 5 volunteers at Me Employees Credit Union.


Here are 7 key members and their salaries:


Tracie Wills (President/Ce)
  • Compensation: $70,430
  • Related: $0
  • Other: $3,795
Charlene Parlier (Loan Officer)
  • Compensation: $52,230
  • Related: $0
  • Other: $3,003
Chris Voll (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jen Woller (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Goulee (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Rothenberger (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zack Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.meecu.org

Where can I find the form 990 for Me Employees Credit Union?

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


Official website here: www.meecu.org

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

Mission Statement of Me Employees Credit Union

Me Employees Credit Union, as a cooperative and nonprofit corporation, is dedicated to encouraging savings among its members, creating a reliable source of credit at reasonable costs, and providing an opportunity for its members to enhance their economic and social conditions. This mission-driven organization is committed to serving its members by offering various types of deposit accounts, with 311 new accounts opened in 2022. As of December 31, 2022, Me Employees Credit Union boasted a membership of 1,388 individuals. This nonprofit institution plays a vital role in the financial well-being of its members, empowering them to save, borrow, and improve their economic standing.

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Impact




October, 2024

Me Employees Credit Union plays a significant role in enhancing the financial well-being of its members in Wausau, WI. By encouraging thrift and promoting responsible saving and spending, it creates a supportive community where members can access fair and reasonable credit. The credit union opened 311 new deposit accounts in 2022, showcasing its commitment to expanding financial opportunities for its members.

With a growing membership of 1,388 individuals as of December 31, 2022, Me Employees Credit Union fosters economic and social conditions that benefit the community. The cooperative structure allows for a collective approach to financial services, empowering members to make informed decisions about their finances while supporting each other. Overall, the credit union's impact lies in its dedication to improving the fiscal health and social empowerment of its members.




This information is meant to be a general summary of Me Employees 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
$676,732 (2022)
Expenses
$589,701 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $18,650
  • Program Service Revenue: $658,082
  • Gross Receipts: $676,732

Assets and Liabilities:

  • Total Assets: $17,475,544
  • Total Liabilities: $15,547,292
  • Net Assets: $1,928,252

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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

$579,092

OTHER MEMBER RELATED INCOME

Revenue

$76,252

MEMBER FEE INCOME

Revenue

$2,738

Organization Details

Founding Year

1932

Principal Officer

Tracie Wills

Main Address

111 E RANDOLPH STREET, WAUSAU, WI, 54401

NTEE Category

Code: W60 - Public benefit

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