Overview
What is Cloverbelt Credit Union?
Cloverbelt Credit Union is a cooperative and nonprofit organization, legally established in Wisconsin, with a mission to promote thrift among its members, provide affordable credit, and enhance their economic and social conditions. The credit union offers various financial services, including granting 7,014 loans worth $237,058,290 to its members and paying out dividends totaling $1,451,395. It serves around 16,697 members, managing deposits of $260,295,563. With a workforce of 61 employees, Cloverbelt Credit Union aims to deliver prompt, courteous service to its members and foster an environment that nurtures and rewards employee development and positive contributions.
Official website here: www.ccuwausau.com
Is Cloverbelt Credit Union legitimate?
Cloverbelt Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cloverbelt 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: $971,771
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,382,772
For more financial information, click here
Official website here: www.ccuwausau.com
What is the mission statement of Cloverbelt Credit Union?
Cloverbelt Credit Union, established as a cooperative and non-profit corporation, is dedicated to encouraging thrift among its members and providing them with a reliable source of credit at reasonable costs. Its mission is to deliver prompt and courteous service, aiming to create long-term value for its members. Additionally, the organization strives to foster an environment that encourages and rewards the growth and positive contributions of its employees. In their operations, they offered financial services, including providing loans to 7,014 members for a total of $237,058,290, paying dividends to members totaling $1,451,395, and serving 16,697 members with $260,295,563 in deposits.
Official website here: www.ccuwausau.com
Who is the CEO of Cloverbelt Credit Union?
Paul J Chittum is the CEO of Cloverbelt Credit Union The CEO's salary of Cloverbelt Credit Union is $157,118 and their total compensation is $171,322.
Official website here: www.ccuwausau.com
What is the revenue of Cloverbelt Credit Union?
Cloverbelt Credit Union's revenue in 2024 was $14,323,872.
Official website here: www.ccuwausau.com
Who are the executives of Cloverbelt Credit Union and what are their salaries?
The average compensation at Cloverbelt Credit Union during 2024 was $50,826. There are 66 employees and 7 volunteers at Cloverbelt Credit Union.
Here are 13 key members and their salaries (Cloverbelt Credit Union's CEO's salary is $157,118 and their total compensation is $171,322):
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $2,800
- Related: $0
- Other: $0
- Compensation: $2,800
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $296,673
- Related: $0
- Other: $37,704
- Compensation: $157,118
- Related: $0
- Other: $14,204
- Compensation: $127,471
- Related: $0
- Other: $71,049
- Compensation: $105,177
- Related: $0
- Other: $40,383
- Compensation: $88,847
- Related: $0
- Other: $12,545
Official website here: www.ccuwausau.com
Where can I find the form 990 for Cloverbelt Credit Union?
Cloverbelt Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ccuwausau.com
Learn more at the official website: www.ccuwausau.com
Mission Statement of Cloverbelt Credit Union
Cloverbelt Credit Union, a cooperative nonprofit corporation established under Wisconsin state law, aims to foster thrift among its members and serve as a reliable source of credit at reasonable costs. Its mission is twofold: firstly, it seeks to deliver prompt and courteous service to its members, ensuring a positive and rewarding experience for its employees. Secondly, Cloverbelt Credit Union strives to provide long-term value to its members by offering a conducive environment that encourages the growth and positive contributions of its employees. This mission is reflected in its operations, as it provides financial services such as loans and dividends to its members, contributing to their economic and social improvement.
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Impact
October, 2024
Cloverbelt Credit Union plays a significant role in its community by fostering economic growth and enhancing quality of life for its members. With a focus on encouraging thrift and providing affordable credit, the organization has successfully issued 7,014 loans totaling $237,058,290. This availability of financial resources supports individuals and families in achieving their goals, whether it's for education, home ownership, or other personal investments.
In addition to loan services, Cloverbelt Credit Union has distributed dividends amounting to $1,451,395 to its members, reinforcing its commitment to rewarding savers and enhancing financial well-being. The credit union serves 16,697 members, managing deposits of $260,295,563, which allows for the provision of low-cost financial services that directly benefit the community.
Cloverbelt Credit Union's mission emphasizes excellent service and value for its members, while also nurturing a workplace environment that promotes employee growth and development. This holistic approach not only strengthens the credit union but also contributes positively to the economic and social fabric of Wausau, Wisconsin, and beyond.
This information is meant to be a general summary of Cloverbelt 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 2024.
- Investment Income: $1,007,563
- Program Service Revenue: $13,263,094
- Gross Receipts: $14,328,657
Assets and Liabilities:
- Total Assets: $308,877,012
- Total Liabilities: $270,773,278
- Net Assets: $38,103,734
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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
$11,902,884
FEE INCOME/OTHER
Revenue
$1,270,391
CREDIT LIFE/CREDIT DISABILITY INC
Revenue
$49,858
ATM FEES
Revenue
$33,470
GAP/MECHANICAL REPAIR COVERAGE
Revenue
$6,491
Organization Details
Founding Year
1935
Principal Officer
Lisa Hieronimus
Website
www.ccuwausau.comNTEE Category
Code: W60 - Public benefit
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