La Crosse Burlington Credit Union

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

EIN: 390909267 ✦ La crosse, WI ✦ Designated as a 501(c)(14)

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Overview

What is La Crosse Burlington Credit Union?

La Crosse Burlington Credit Union is a member-owned, non-profit financial organization situated in La Crosse, Wisconsin. With a single employee, the credit union actively encourages thrift among its members, serves as a source of credit at fair interest rates, aims to improve members' financial conditions, and provides excellent member service through a friendly and knowledgeable staff. In 2022, they opened 102 new deposit accounts and maintained 921 members. The organization's primary mission is to promote the unique philosophy and benefits of the credit union system while providing financial education and long-term stability for its members.


Official website here: www.forlbcu.com

Is La Crosse Burlington Credit Union legitimate?

La Crosse Burlington Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. La Crosse Burlington 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: $32,968
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.forlbcu.com

What is the mission statement of La Crosse Burlington Credit Union?

La Crosse Burlington Credit Union is a non-profit, member-owned financial organization that aims to provide financial services and promote the long-term stability of the credit union. Their mission is achieved by encouraging thrift among members, creating a source of credit at a fair interest rate, helping improve members' financial conditions, providing excellent member service, and advocating for the unique philosophy of the credit union system. The organization strives to educate its members and offer financial services, all with the ultimate goal of improving their financial well-being.


Official website here: www.forlbcu.com

Who is the CEO of La Crosse Burlington Credit Union?

Dorothy Hannon is the President of La Crosse Burlington Credit Union.


Official website here: www.forlbcu.com

What is the revenue of La Crosse Burlington Credit Union?

La Crosse Burlington Credit Union's revenue in 2022 was $187,526.


Official website here: www.forlbcu.com

Who are the executives of La Crosse Burlington Credit Union and what are their salaries?

The average compensation at La Crosse Burlington Credit Union during 2022 was $32,968. There is 1 employee and 7 volunteers at La Crosse Burlington Credit Union.


Here are 8 key members and their salaries:


Dorothy Hannon (President)
  • Compensation: $32,968
  • Related: $0
  • Other: $989
Charles Dillon (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Irish (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Cafe (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Koziara (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Fischer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Matl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Brye (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.forlbcu.com

Where can I find the form 990 for La Crosse Burlington Credit Union?

La Crosse Burlington Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.forlbcu.com

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

Mission Statement of La Crosse Burlington Credit Union

La Crosse Burlington Credit Union, as a non-profit, member-owned financial organization, is committed to providing financial services, education, and ensuring the long-term stability of the credit union. The credit union strives to achieve this goal by encouraging thrift among its members, creating a reliable source of credit at reasonable interest rates, and assisting in improving its members' financial conditions. Moreover, La Crosse Burlington Credit Union prioritizes excellence in member service, providing prompt, friendly, and knowledgeable support to its members. Additionally, the credit union promotes the unique philosophy and principles of the credit union system. This mission is aimed at empowering its members financially and ensuring their overall well-being.

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Impact




October, 2024

La Crosse Burlington Credit Union significantly impacts its community by promoting financial stability and literacy among its members. By offering diverse financial services, the credit union fosters savings and responsible borrowing, as evidenced by the opening of 102 new deposit accounts in 2022. With a dedicated membership of 921 individuals as of the end of 2022, it creates a supportive environment that encourages thrift and financial responsibility.

The organization aims to enhance its members' financial conditions by providing access to credit at fair and reasonable rates, ensuring that members can achieve their financial goals without incurring excessive costs. Additionally, the credit union prioritizes excellent member service, with a knowledgeable and friendly staff committed to addressing the unique needs of each member.

Through its focus on education and community engagement, La Crosse Burlington Credit Union not only supports individual financial growth but also strengthens the financial health of the community as a whole, aligning with the broader philosophy of the credit union movement.




This information is meant to be a general summary of La Crosse Burlington 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
$187,526 (2022)
Expenses
$194,095 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $59,738
  • Program Service Revenue: $123,788
  • Gross Receipts: $187,526

Assets and Liabilities:

  • Total Assets: $7,932,710
  • Total Liabilities: $7,036,733
  • Net Assets: $895,977

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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

$93,553

MEMBER FEE INCOME

Revenue

$30,235

Organization Details

Founding Year

1955

Principal Officer

Dorothy Hannon

Main Address

1735 CREDIT UNION COURT, LA CROSSE, WI, 54603

NTEE Category

Code: W60 - Public benefit

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