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 not tax deductible.
Here 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
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):
- Lora Benrud (Ceo)
- Jerilyn Kinderman (Cfo)
- Jim Wookey (Coo)
- Timothy Carlson (Vp - Westconsin Investment)
- Michael Tomasek (Cio)
- Scott Giltner (Clo)
- Nicole Yarrington (Cto)
- Stephanie Rasmussen (Cxo)
- James Wynn (Vp - Business Loans And Services)
- Russell Blasius (Senior Vp - Retail Operations)
- Jeffery Jaeger (Vp Office Ii)
- Melissa Kraemer (Mortgage Loan Originator)
- Gerald Wolf (Chairperson) [Trustee/Director]
- Toidd Leipnitz (Vice Chairperson) [Trustee/Director]
- Karen Flug (Treasurer) [Trustee/Director]
- Colleen Mensing (Secretary) [Trustee/Director]
- Dale Dahlke (Board Member) [Trustee/Director]
- Mark Dahms (Board Member) [Trustee/Director]
- Sarah Noreen (Board Member) [Trustee/Director]
Official website here: www.westconsincu.org
Where can I find the form 990 for Westconsin Credit Union?
The 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.
Impact
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.
Thursday, August 15, 2024
Westconsin Credit Union's impact is focused on helping its members achieve financial success. By providing low-cost financial services to over 113,000 members, Westconsin Credit Union plays a vital role in supporting the financial well-being of individuals and families. Additionally, the credit union's dedication to financial education and literacy is evidenced by the nearly 54,000 students educated in over 200 schools in the area. Through its community involvement and volunteer efforts totaling over 3,900 hours in 2022, Westconsin Credit Union shows a commitment to not only its members but also the communities it serves. Overall, Westconsin Credit Union's impact extends beyond just financial services, making a positive difference in the lives of many individuals and contributing to the overall well-being of the community.
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.
- Assets and Liabilities:
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) 235-3403
Principal Officer
Lora Benrud
Main Address
3227 SCHNEIDER AVENUE SE PO BOX 160, MENOMONIE, WI, 54751
Website
www.westconsincu.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of Westconsin Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.