Superior Municipal Employees Credit Union

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

EIN: 390863581 ✦ Superior, WI ✦ Designated as a 501(c)(14)

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Overview

What is Superior Municipal Employees Credit Union?

Superior Municipal Employees Credit Union, located at 1316 North 14th Street, Superior, Wisconsin, is a member-driven, not-for-profit financial organization. With a strong commitment to its members' evolving financial needs, the credit union offers various deposit accounts and opened nine new ones in 2022. As of December 31, 2022, the credit union boasted 548 members. The organization emphasizes financial stability while serving its members, affirming its dedication to meeting their financial requirements. With a small team of two employees, the credit union remains focused on its mission.

Is Superior Municipal Employees Credit Union legitimate?

Superior Municipal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Superior Municipal 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: $69,827
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,417

For more financial information, click here

What is the mission statement of Superior Municipal Employees Credit Union?

The Superior Municipal Employees Credit Union is committed to fulfilling the evolving financial needs of its members while maintaining its financial stability. It operates as a member-owned, member-driven, not-for-profit financial organization. The credit union's mission is to serve its members effectively, affirming its commitment to their financial well-being. In 2022, the credit union introduced nine new deposit accounts, catering to the diverse financial needs of its members. As of December 31, 2022, the credit union had 548 members.

Who is the CEO of Superior Municipal Employees Credit Union?

Michael Conway is the President of Superior Municipal Employees Credit Union.

What is the revenue of Superior Municipal Employees Credit Union?

Superior Municipal Employees Credit Union's revenue in 2022 was $137,448.

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

The average compensation at Superior Municipal Employees Credit Union during 2022 was $39,122. There are 2 employees and 7 volunteers at Superior Municipal Employees Credit Union.


Here are 8 key members and their salaries:


Michael Conway (President)
  • Compensation: $77,357
  • Related: $0
  • Other: $0
Dennis Dalbec (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Serck (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Cronin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Kutz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Taber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Gotelaere (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Eastman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Superior Municipal Employees Credit Union?

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

Mission Statement of Superior Municipal Employees Credit Union

Superior Municipal Employees Credit Union is committed to serving its membership by addressing their evolving financial needs while maintaining its financial stability. Acting as a member-owned, member-driven not-for-profit financial organization, the credit union is dedicated to meeting the diverse financial needs of its members. In 2022, Superior Municipal Employees Credit Union expanded its offerings by opening nine new deposit accounts, demonstrating its dedication to catering to the financial requirements of its members. As of December 31, 2022, the credit union had 548 members, further emphasizing its commitment to its membership.

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Impact




October, 2024

Superior Municipal Employees Credit Union significantly contributes to the financial well-being of its members through a variety of services tailored to meet their evolving needs. By offering diverse deposit accounts, the credit union empowers its 548 members with accessible banking options that foster savings and financial growth. In 2022, the credit union demonstrated its commitment to member satisfaction and engagement by opening nine new deposit accounts.

The organization's focus on financial stability not only benefits individual members but also strengthens the local community of Superior, WI. As a member-owned and member-driven entity, the credit union prioritizes the interests of its members, ensuring that decisions are made with their best financial interests in mind. This dedication to service and community engagement fosters trust and loyalty, enhancing the overall financial landscape for everyone involved.




This information is meant to be a general summary of Superior Municipal 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
$137,448 (2022)
Expenses
$137,130 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,566
  • Program Service Revenue: $132,882
  • Gross Receipts: $137,448

Assets and Liabilities:

  • Total Assets: $3,484,884
  • Total Liabilities: $2,937,903
  • Net Assets: $546,981

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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

$131,762

OTHER MEMBER RELATED INCOME

Revenue

$1,120

Organization Details

Founding Year

1948

Principal Officer

Michael Conway

Main Address

1316 NORTH 14TH STREET, SUPERIOR, WI, 54880

NTEE Category

Code: W60 - Public benefit

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