Overview
What is Southern Lakes Credit Union?
Southern Lakes Credit Union, located in Kenosha, Wisconsin, serves as a locally-rooted, community-focused financial institution. With a membership base of 9,907 individuals, the credit union functions as a secure and financially stable platform for conducting business. Its primary mission is to foster long-lasting relationships with its members, promoting their personal and financial growth, and contributing positively to the communities it serves. The credit union achieves this by offering affordable credit and financial services at favorable rates. By doing so, Southern Lakes Credit Union aims to make a significant impact in enhancing the quality of life of its members and the communities it operates within.
Official website here: www.southernlakescu.org
What do the Facebook reviews say about Southern Lakes Credit Union?
84% of 14 reviewers on Facebook recommend Southern Lakes Credit Union. Here’s a summary of their reviews:
Many customers express dissatisfaction with the credit union’s customer service over the years, but there seems to be a notable improvement recently, particularly attributed to a staff member named Karyn. Reviewers appreciate her efforts, describing her as a valuable asset who has dramatically enhanced their experience. The positive changes in service have made visits more pleasant and efficient. Some users also commend the credit union's updated website, highlighting the improvements made to a previously outdated system, though they wish for better reliability with the mobile app.
Overall, while there has been a mix of experiences, the recent improvements in customer service and digital interfaces appear to have left a better impression on a portion of the members, particularly due to the influence of specific staff members.
This AI summary has been generated from reviews found on Facebook.
Is Southern Lakes Credit Union legitimate?
Southern Lakes Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Southern Lakes 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: $145,715
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,134,969
For more financial information, click here
Official website here: www.southernlakescu.org
What is the mission statement of Southern Lakes Credit Union?
Southern Lakes Credit Union's mission is centered around building long-lasting relationships with its members to enhance their personal and financial well-being. The credit union aims to make a significant impact on improving the quality of life of its members and the communities it serves by offering affordable access to credit and financial services. As a locally-based, open-to-the-community financial institution, Southern Lakes Credit Union serves its member-owners as a secure and financially stable place to conduct business, focusing on providing affordable credit and financial services at favorable rates. The credit union is dedicated to supporting the communities it serves through its financial services.
Official website here: www.southernlakescu.org
Who is the CEO of Southern Lakes Credit Union?
John Lyon is the Chair of Southern Lakes Credit Union. The CEO's salary of Southern Lakes Credit Union is $127,658 and their total compensation is $145,715.
Official website here: www.southernlakescu.org
What is the revenue of Southern Lakes Credit Union?
Southern Lakes Credit Union's revenue in 2022 was $3,969,654.
Official website here: www.southernlakescu.org
Who are the executives of Southern Lakes Credit Union and what are their salaries?
The average compensation at Southern Lakes Credit Union during 2022 was $26,681. There are 48 employees and 7 volunteers at Southern Lakes Credit Union.
Here are 9 key members and their salaries (Southern Lakes Credit Union's CEO's salary is $127,658 and their total compensation is $145,715):
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- Compensation: $127,658
- Related: $0
- Other: $18,057
Official website here: www.southernlakescu.org
Where can I find the form 990 for Southern Lakes Credit Union?
Southern Lakes Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southernlakescu.org
Learn more at the official website: www.southernlakescu.org
Mission Statement of Southern Lakes Credit Union
Southern Lakes Credit Union is committed to establishing long-lasting relationships that contribute to the personal and financial growth of its membership and the betterment of the communities it serves. The credit union aims to make a substantial impact on improving the quality of life of its members and the communities it serves by offering affordable access to credit and financial services. As the sole locally-based, open-to-the-community financial institution headquartered in Kenosha, Wisconsin, Southern Lakes Credit Union prioritizes serving its 9,907 member-owners as a secure, stable, and financially viable place to conduct business. Its focus is on providing affordable credit and financial services at favorable rates, thereby supporting its members and contributing to the well-being of the communities it serves.
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Impact
October, 2024
Southern Lakes Credit Union plays a vital role in enhancing the personal and financial well-being of its members and the broader community. Headquartered in Kenosha, Wisconsin, it serves nearly 10,000 member-owners, providing a safe and secure environment for financial transactions. With a commitment to affordable credit and favorable financial services, Southern Lakes Credit Union focuses on building lasting relationships that foster both individual success and collective community growth.
By prioritizing local engagement and support, the credit union not only enriches the lives of its members but also contributes to the overall quality of life in Kenosha. Its mission centers on making a significant difference through accessible financial solutions, ultimately working towards a stronger and more vibrant community. Through its efforts, Southern Lakes Credit Union exemplifies the impact of community-centric financial institutions, driving progress and stability for those it serves.
This information is meant to be a general summary of Southern Lakes 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: $815,926
- Program Service Revenue: $3,153,728
- Gross Receipts: $3,969,654
Assets and Liabilities:
- Total Assets: $118,091,803
- Total Liabilities: $109,594,055
- Net Assets: $8,497,748
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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
$2,381,907
FEE INCOME
Revenue
$771,821
Organization Details
Founding Year
1935
Phone
(262) 694-1600Principal Officer
John Lyon
Main Address
3000 80TH STREET, KENOSHA, WI, 53141
Website
www.southernlakescu.orgNTEE Category
Code: W60 - Public benefit
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