Overview
What is Westconsin Credit Union?
Westconsin Credit Union is a member-owned, not-for-profit organization based in Menomonie, Wisconsin. Exempt from federal and most state taxes, they reinvest their resources back into their organization and the community. Westconsin encourages employee involvement in charitable activities and worthwhile causes, volunteering over 3,900 hours in 2022. They offer free financial programs and services to promote financial education and literacy in local schools, educating nearly 54,000 students. In 2022, they provided low-cost financial services to 113,981 members. Their mission is to help their members achieve financial success.
Official website here: www.westconsincu.org
Is Westconsin Credit Union legitimate?
Westconsin Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Westconsin 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: $3,640,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,827,438
For more financial information, click here
Official website here: www.westconsincu.org
What is the mission statement of Westconsin Credit Union?
Westconsin Credit Union prioritizes helping its members achieve financial success. As a member-owned, not-for-profit organization, the credit union reinvested its exemption from federal and most state taxes into the organization and the community. The leadership and employees of Westconsin are encouraged to participate in charitable activities and worthwhile causes, contributing over 3,900 hours of volunteer work in 2022. Westconsin promotes financial education and literacy through free programs and services, reaching nearly 54,000 students in over 200 local schools. In 2022, the credit union served over 113,000 members with low-cost financial services.
Official website here: www.westconsincu.org
Who is the CEO of Westconsin Credit Union?
Lora Benrud is the Ceo of Westconsin Credit Union. The CEO's salary of Westconsin Credit Union is $608,211 and their total compensation is $681,321.
Official website here: www.westconsincu.org
What is the revenue of Westconsin Credit Union?
Westconsin Credit Union's revenue in 2022 was $88,742,887.
Official website here: www.westconsincu.org
Who are the executives of Westconsin Credit Union and what are their salaries?
The average compensation at Westconsin Credit Union during 2022 was $58,368. There are 522 employees and 7 volunteers at Westconsin Credit Union.
Here are 19 key members and their salaries (Westconsin Credit Union's CEO's salary is $608,211 and their total compensation is $681,321):
- Compensation: $7,300
- Related: $0
- Other: $0
- Compensation: $7,300
- Related: $0
- Other: $0
- Compensation: $7,300
- Related: $0
- Other: $0
- Compensation: $7,300
- Related: $0
- Other: $0
- Compensation: $7,300
- Related: $0
- Other: $0
- Compensation: $7,300
- Related: $0
- Other: $0
- Compensation: $7,300
- Related: $0
- Other: $0
- Compensation: $608,211
- Related: $0
- Other: $73,110
- Compensation: $282,210
- Related: $0
- Other: $71,199
- Compensation: $256,789
- Related: $0
- Other: $39,479
- Compensation: $250,762
- Related: $0
- Other: $67,831
- Compensation: $222,324
- Related: $0
- Other: $34,902
- Compensation: $224,100
- Related: $0
- Other: $51,887
- Compensation: $191,849
- Related: $0
- Other: $57,105
- Compensation: $269,559
- Related: $0
- Other: $44,882
- Compensation: $150,927
- Related: $0
- Other: $23,928
- Compensation: $186,147
- Related: $0
- Other: $54,675
- Compensation: $188,836
- Related: $0
- Other: $55,128
- Compensation: $150,543
- Related: $0
- Other: $33,104
Official website here: www.westconsincu.org
Where can I find the form 990 for Westconsin Credit Union?
Westconsin Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westconsincu.org
Learn more at the official website: www.westconsincu.org
Mission Statement of Westconsin Credit Union
Westconsin Credit Union, a member-owned and not-for-profit organization, is dedicated to assisting its members in achieving financial success. The credit union, like all credit unions, is exempt from federal and most state taxes, enabling it to reinvest profits back into the organization and the communities it serves. Westconsin's leaders and employees are encouraged to participate in charitable activities and worthwhile causes, contributing over 3,900 hours of volunteer work in 2022.
In alignment with its commitment to financial education and literacy, Westconsin offers free programs and services to promote learning in over 200 area schools, educating nearly 54,000 students. The credit union provides low-cost financial services to its 113,981 members, ensuring access to essential financial tools and resources. By focusing on financial empowerment, Westconsin Credit Union is making a positive impact on the lives of its members and contributing to their long-term financial well-being.
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Impact
October, 2024
Westconsin Credit Union plays a vital role in promoting financial well-being and community engagement. By focusing on member financial success, the credit union provides low-cost financial services to nearly 114,000 members, ensuring access to essential resources. Its commitment to education is evident in its outreach efforts, having educated approximately 54,000 students in over 200 area schools through free financial programs.
In addition to financial literacy, Westconsin encourages employee involvement in community service, with staff contributing over 3,900 volunteer hours in 2022. This engagement not only strengthens community ties but also reinforces the importance of collective support for charitable activities and worthwhile causes. Through these initiatives, Westconsin Credit Union significantly impacts both individual and community financial health in Menomonie, Wisconsin, and beyond.
This information is meant to be a general summary of Westconsin 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 2022.
- Investment Income: $10,529,504
- Program Service Revenue: $74,350,697
- Gross Receipts: $89,154,853
Assets and Liabilities:
- Total Assets: $1,937,869,169
- Total Liabilities: $1,774,139,404
- Net Assets: $163,729,765
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$51,724,665
FEE INCOME
Revenue
$18,083,764
MORTGAGE SERVICING INCOME
Revenue
$2,062,700
FANNIE MAE LOAN SALES
Revenue
$1,464,766
MEMBER FINANCIAL INCOME
Revenue
$1,014,802
Organization Details
Founding Year
1938
Phone
(715) 235-3403Principal Officer
Lora Benrud
Main Address
3227 SCHNEIDER AVENUE SE PO BOX 160, MENOMONIE, WI, 54751
Website
www.westconsincu.orgNTEE Category
Code: W60 - Public benefit
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