Glacier Hills Credit Union

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

EIN: 390803157 ✦ West bend, WI ✦ Designated as a 501(c)(14)

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Overview

What is Glacier Hills Credit Union?

Glacier Hills Credit Union is a not-for-profit organization based in West Bend, Wisconsin, with a US address at 2150 S Main Street, ZIP code 53095. Incorporated under Wisconsin State Law, its primary mission is to promote thrift among its 17,067 members, offer affordable credit, and create opportunities for economic and social improvement. As a cooperative, it provides low-cost financial services to its members, striving to enhance their financial well-being. The organization employs a team of 62 individuals to carry out its mission.


Official website here: www.glacierhills.com

Is Glacier Hills Credit Union legitimate?

Glacier Hills Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Glacier Hills 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: $522,671
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,874,489

For more financial information, click here


Official website here: www.glacierhills.com

What is the mission statement of Glacier Hills Credit Union?

Glacier Hills Credit Union, established under Wisconsin State Law, functions as a cooperative, not-for-profit organization. Its primary objective is to foster thrift among its members, create a reliable source of credit at reasonable costs, and offer an opportunity for its members to enhance their economic and social standing. In essence, the credit union serves to empower its members financially, providing them with affordable financial services. The organization caters to a membership base of 17,067 individuals, offering them low-cost financial solutions.


Official website here: www.glacierhills.com

Who is the CEO of Glacier Hills Credit Union?

Eric Schmoldt is the President of Glacier Hills Credit Union.


Official website here: www.glacierhills.com

What is the revenue of Glacier Hills Credit Union?

Glacier Hills Credit Union's revenue in 2022 was $9,272,339.


Official website here: www.glacierhills.com

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

The average compensation at Glacier Hills Credit Union during 2022 was $38,664. There are 62 employees and 7 volunteers at Glacier Hills Credit Union.


Here are 11 key members and their salaries:


Tami Winkler (President)
  • Compensation: $164,454
  • Related: $0
  • Other: $27,024
Eric Schmoldt (Cfo)
  • Compensation: $111,252
  • Related: $0
  • Other: $1,728
Travis Livingood (Vice President Of Marketing)
  • Compensation: $104,413
  • Related: $0
  • Other: $5,529
Chris Trost (Director Of Lending)
  • Compensation: $101,107
  • Related: $0
  • Other: $5,064
Karen Wilson (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $300
Ken Schuh (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $300
Stan Miske (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $300
Marilynn Orlopp (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $300
Jeff Frank (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $300
Allison Holtzer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $300
Joy Sterr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $300


Official website here: www.glacierhills.com

Where can I find the form 990 for Glacier Hills Credit Union?

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


Official website here: www.glacierhills.com

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

Mission Statement of Glacier Hills Credit Union

Glacier Hills Credit Union, a cooperative entity established under Wisconsin State Law, serves a unique purpose. Its mission is twofold: firstly, it encourages savings among its members, fostering a culture of thrift. Secondly, it aims to create a reliable and reasonably priced source of credit. This not-for-profit organization further seeks to offer its members an opportunity to enhance their economic and social conditions. By doing so, Glacier Hills Credit Union contributes to the well-being of its members, providing them with financial tools that can positively impact their lives.

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Impact




October, 2024

Glacier Hills Credit Union significantly impacts its community by providing low-cost financial services to over 17,000 members in West Bend, Wisconsin. By fostering a culture of thrift and offering affordable credit, it empowers individuals and families to enhance their economic and social well-being. The cooperative model encourages participation and collaboration among members, which helps to strengthen local ties and promote financial literacy. Through its mission, Glacier Hills Credit Union plays a crucial role in improving the financial stability and quality of life for its community members.




This information is meant to be a general summary of Glacier Hills 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
$9,272,339 (2022)
Expenses
$7,347,009 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $730,988
  • Program Service Revenue: $8,540,606
  • Gross Receipts: $9,327,550

Assets and Liabilities:

  • Total Assets: $219,587,920
  • Total Liabilities: $198,274,752
  • Net Assets: $21,313,168

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTERSEST ON LOANS

Revenue

$5,776,798

FEE INCOME

Revenue

$879,274

OTHER OPERATING INCOME

Revenue

$1,884,534

Organization Details

Founding Year

1934

Principal Officer

Eric Schmoldt

Main Address

2150 S Main Street, West Bend, WI, 53095

NTEE Category

Code: W60 - Public benefit

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