Hayward Community Credit Union

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

EIN: 390860430 ✦ Hayward, WI ✦ Designated as a 501(c)(14)

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Overview

What is Hayward Community Credit Union?

Hayward Community Credit Union is a nonprofit organization based in Hayward, Wisconsin. With 35 employees, their primary mission is to support their members and the local community by fostering financial stability and enhancing overall quality of life. Throughout 2022, they funded 581 loans, catering to various financial needs, such as mortgages, home equity loans, consumer loans, business loans, and credit cards. As of December 31, 2022, they had 417 mortgages/home equity loans, 1,053 consumer loans, 29 member business loans, and 206 credit card accounts with their members.


Official website here: www.hccuonline.com

Is Hayward Community Credit Union legitimate?

Hayward Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Hayward Community 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: $311,948
Professional Fundraising Fees: $0
Other Salaries and Wages: $990,345

For more financial information, click here


Official website here: www.hccuonline.com

What is the mission statement of Hayward Community Credit Union?

The Hayward Community Credit Union's mission is centered around serving its members and the community at large. Their primary objective is to promote financial stability and enhance the quality of life for their members. This is achieved through various financial services they offer, as evidenced by the 581 loans they funded in 2022. As of December 31, 2022, their portfolio included 417 mortgages or home equity loans, 1,053 consumer loans, 29 member business loans, and 206 credit card accounts. This suggests that the credit union is committed to providing a wide range of financial solutions to its members.


Official website here: www.hccuonline.com

Who is the CEO of Hayward Community Credit Union?

Ben Altonen is the 2Nd Vice Chair of Hayward Community Credit Union. The CEO's salary of Hayward Community Credit Union is $99,784 and their total compensation is $118,099.


Official website here: www.hccuonline.com

What is the revenue of Hayward Community Credit Union?

Hayward Community Credit Union's revenue in 2022 was $3,467,648.


Official website here: www.hccuonline.com

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

The average compensation at Hayward Community Credit Union during 2022 was $37,208. There are 35 employees at Hayward Community Credit Union.


Here are 7 key members and their salaries (Hayward Community Credit Union's CEO's salary is $99,784 and their total compensation is $118,099):


Deborah Lasavage (2Nd Vice Chair)
  • Compensation: $1,600
  • Related: $0
  • Other: $0
Joel Clapero (1St Vice Chair)
  • Compensation: $1,600
  • Related: $0
  • Other: $0
Rob Frenchick (Chair)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
Ron Siemers (Treasurer)
  • Compensation: $1,700
  • Related: $0
  • Other: $0
Lisa Nault (Secretary)
  • Compensation: $1,600
  • Related: $0
  • Other: $0
Kristin Tingo (Exec. Vice President)
  • Compensation: $202,664
  • Related: $0
  • Other: $4,288
Shelley Mell (President And Ceo)
  • Compensation: $99,784
  • Related: $0
  • Other: $18,315


Official website here: www.hccuonline.com

Where can I find the form 990 for Hayward Community Credit Union?

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


Official website here: www.hccuonline.com

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

Mission Statement of Hayward Community Credit Union

Hayward Community Credit Union, as a commitment to its members and the community, strives to foster financial stability and enhance the overall quality of life. This mission is at the heart of the credit union's activities, aiming to serve and uplift its members in various financial aspects. During 2022 alone, the credit union funded 581 loans, demonstrating its dedication to providing financial assistance. As of December 31, 2022, the credit union had 417 mortgage/home equity loans, 1,053 consumer loans, 29 member business loans, and 206 credit card accounts with its members, further illustrating its wide-ranging financial services. The credit union's mission is a testament to its commitment to supporting its members' financial well-being and contributing to their overall quality of life.

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Impact




October, 2024

Hayward Community Credit Union plays a significant role in enhancing the financial well-being of its members and the local community. In 2022, the credit union funded 581 loans, demonstrating its commitment to providing accessible financial services. By the end of that year, it served a diverse range of financial needs with 417 mortgages and home equity loans, 1,053 consumer loans, 29 member business loans, and 206 active credit card accounts.

The organization's mission to promote financial stability and improve quality of life directly benefits the residents of Hayward, Wisconsin. By facilitating various loan options, Hayward Community Credit Union empowers individuals and businesses to achieve their financial goals, ultimately fostering economic growth and stability in the region.




This information is meant to be a general summary of Hayward Community 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
$3,467,648 (2022)
Expenses
$3,254,957 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $866,155
  • Program Service Revenue: $2,606,356
  • Gross Receipts: $5,243,549

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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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

$1,769,014

MEMBER ACCOUNT/CARD FEE

Revenue

$741,506

OTHER MEMBER FEE

Revenue

$71,422

INSURANCE SALES

Revenue

$24,414

Organization Details

Founding Year

1935

Principal Officer

Ben Altonen

Main Address

PO BOX 876, HAYWARD, WI, 54843

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