Overview
What is Kenosha Police & Firemens Credit Union?
The Kenosha Police & Firemens Credit Union is a non-profit cooperative, established under Wisconsin state law, primarily aimed at fostering thrift among its members and providing them with affordable credit options. Initially, the union had 118 Certificates of Deposit worth $2,411,201.00. As the year progressed, the number of Certificates decreased to 110, with a total value of $2,066,303.00. The union's activities led to the payment of interest totalling $17,995.00 on these Certificates. The credit union's membership is limited to employees of the Kenosha Police and Fire Department and their immediate families, making it a closed credit union. Despite not having a formally stated mission, the union's purpose is to improve the economic and social well-being of its members. The union is operated by a team of four employees.
Is Kenosha Police & Firemens Credit Union legitimate?
Kenosha Police & Firemens Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kenosha Police & Firemens 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: $122,581
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kenosha Police & Firemens Credit Union?
The Kenosha Police & Firemens Credit Union, being a cooperative and non-profit entity, serves to foster savings among its members, offer affordable credit, and aid in improving their financial and social standing. However, the credit union does not have a formally stated mission statement on record. Its primary activities involve providing interest on Certificates of Deposit to its members and managing these deposits. As of the end of the year, there was a decrease in the number of Certificates and their total value. The credit union paid out a total of $17,995 in interest on these deposits, matching its total expenses for the year.
Who is the CEO of Kenosha Police & Firemens Credit Union?
Daniel Santelli is the President/Ceo/Director/Treasurer of Kenosha Police & Firemens Credit Union. The CEO's salary of Kenosha Police & Firemens Credit Union is $76,200 and their total compensation is $76,796.
What is the revenue of Kenosha Police & Firemens Credit Union?
Kenosha Police & Firemens Credit Union's revenue in 2022 was $214,197.
Who are the executives of Kenosha Police & Firemens Credit Union and what are their salaries?
The average compensation at Kenosha Police & Firemens Credit Union during 2022 was $30,645. There are 4 employees at Kenosha Police & Firemens Credit Union.
Here are 9 key members and their salaries (Kenosha Police & Firemens Credit Union's CEO's salary is $76,200 and their total compensation is $76,796):
- Compensation: $76,200
- Related: $0
- Other: $596
- Compensation: $25,600
- Related: $0
- Other: $596
- Compensation: $8,438
- Related: $0
- Other: $596
- Compensation: $6,980
- Related: $0
- Other: $596
- Compensation: $0
- Related: $0
- Other: $596
- Compensation: $0
- Related: $0
- Other: $596
- Compensation: $0
- Related: $0
- Other: $596
- Compensation: $0
- Related: $0
- Other: $596
- Compensation: $0
- Related: $0
- Other: $596
Where can I find the form 990 for Kenosha Police & Firemens Credit Union?
Kenosha Police & Firemens Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kenosha Police & Firemens Credit Union
The Kenosha Police & Firemens Credit Union, established as a cooperative and non-profit corporation, is primarily dedicated to fostering thrift among its members. Its primary goal is to create a reliable and reasonably priced source of credit, thereby offering its members an opportunity to enhance their financial and social well-being. However, the Credit Union does not have a formally stated mission statement on record. Instead, its operations are centered around providing interest on Certificates of Deposit placed by its members, acting as a financial assistance platform for those associated with the Kenosha Police and Fire Department and their immediate families.
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Impact
October, 2024
The Kenosha Police & Firemen's Credit Union plays a vital role in supporting the financial well-being of its members, specifically the employees of the Kenosha Police and Fire Departments and their immediate families. By fostering a culture of thrift and providing access to affordable credit, the Credit Union enhances the economic stability of its members.
In the past year, the Credit Union held 118 Certificates of Deposit, collectively valued at over $2.4 million at the beginning of the year, indicating a strong trust in its financial services from the members. Although the number of Certificates decreased to 110 by year-end, with a total value of approximately $2.07 million, this demonstrates a responsive adjustment to the members' needs and preferences.
The financial services offered, including the payment of $17,995 in interest on these deposits, contribute to improving the economic condition of the members, allowing them to save securely and earn a return on their investments. This cooperative approach not only strengthens individual financial positions but also fosters a sense of community among members, enhancing their social conditions through mutual support and shared financial goals. The focus on serving a specific group—public safety employees—ensures that the institution is embedded in the local community, making its impact particularly significant.
This information is meant to be a general summary of Kenosha Police & Firemens 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: $44,963
- Program Service Revenue: $169,234
- Gross Receipts: $214,197
Assets and Liabilities:
- Total Assets: $9,979,251
- Total Liabilities: $6,559,077
- Net Assets: $3,420,174
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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
$167,689
Miscellaneous Income
Revenue
$1,545
Non Operating Income
Organization Details
Founding Year
1928
Phone
(262) 658-3332Principal Officer
Daniel Santelli
Main Address
625 52nd Street, Kenosha, WI, 531403480
NTEE Category
Code: W60 - Public benefit
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