Peoples Choice Credit Union

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

EIN: 390958562 ✦ Medford, WI ✦ Designated as a 501(c)(14)

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Overview

What is Peoples Choice Credit Union?

Peoples Choice Credit Union, located in Medford, Wisconsin, serves as a financial institution for its members. With approximately 4,500 members as of August 27, 2021, the credit union is committed to meeting their financial needs by providing competitive rates on various deposit accounts. Established with a mission to maintain long-term financial stability while offering financial services, Peoples Choice Credit Union boasts a workforce of 21 individuals. The credit union's primary goal is to serve its members effectively, ensuring their financial well-being.


Official website here: www.peopleschoicecu.coop

Is Peoples Choice Credit Union legitimate?

Peoples Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Peoples Choice 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: $115,090
Professional Fundraising Fees: $0
Other Salaries and Wages: $285,990

For more financial information, click here


Official website here: www.peopleschoicecu.coop

What is the mission statement of Peoples Choice Credit Union?

Peoples Choice Credit Union's mission is centered around serving its members' financial needs. They achieve this by providing competitive financial services, ensuring long-term financial stability. The credit union's primary goal is to cater to its members' financial requirements effectively. It offers a variety of deposit accounts to its members, with approximately 4,500 members as of August 27, 2021.


Official website here: www.peopleschoicecu.coop

Who is the CEO of Peoples Choice Credit Union?

Mathew Schewe is the Exec Vp of Peoples Choice Credit Union. The CEO's salary of Peoples Choice Credit Union is $34,228 and their total compensation is $36,028.


Official website here: www.peopleschoicecu.coop

What is the revenue of Peoples Choice Credit Union?

Peoples Choice Credit Union's revenue in 2021 was $1,177,360.


Official website here: www.peopleschoicecu.coop

Who are the executives of Peoples Choice Credit Union and what are their salaries?

The average compensation at Peoples Choice Credit Union during 2021 was $19,099. There are 21 employees and 7 volunteers at Peoples Choice Credit Union.


Here are 9 key members and their salaries (Peoples Choice Credit Union's CEO's salary is $34,228 and their total compensation is $36,028):


Kerry Ellenbecker (Exec Vp)
  • Compensation: $74,612
  • Related: $0
  • Other: $2,464
Mary Henrichs (Ceo)
  • Compensation: $34,228
  • Related: $0
  • Other: $1,800
Thomas Judnic (Chair)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Brian Wilson (Secretary)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Allison Ranum (Director)
  • Compensation: $900
  • Related: $0
  • Other: $0
David Miller (Vice Chair)
  • Compensation: $875
  • Related: $0
  • Other: $0
James Stokes (Treasurer)
  • Compensation: $875
  • Related: $0
  • Other: $0
Daniel Kowalczyk (Director)
  • Compensation: $750
  • Related: $0
  • Other: $0
Catherine Leifeld (Director)
  • Compensation: $450
  • Related: $0
  • Other: $0


Official website here: www.peopleschoicecu.coop

Where can I find the form 990 for Peoples Choice Credit Union?

Peoples Choice Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.peopleschoicecu.coop

Learn more at the official website: www.peopleschoicecu.coop

Mission Statement of Peoples Choice Credit Union

Peoples Choice Credit Union is committed to serving its members' financial needs, offering competitive rates on various financial services while ensuring its long-term financial stability. The credit union's mission is to cater to the financial requirements of its members, ensuring they receive high-quality services that contribute to their financial well-being. By maintaining a strong financial position, Peoples Choice Credit Union can continuously provide its members with reliable and affordable financial solutions. With approximately 4,500 members as of August 27, 2021, Peoples Choice Credit Union has established itself as a trusted financial partner for its members.

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Impact




October, 2024

Peoples Choice Credit Union positively impacts its community by providing accessible financial services tailored to the needs of its members. With approximately 4,500 members, the credit union offers a variety of deposit accounts that promote financial stability and encourage savings. By maintaining competitive rates, it ensures that members have the opportunity to manage their finances effectively, enhancing their economic well-being. Furthermore, its commitment to long-term financial stability underscores a focus on sustainable growth and responsible financial practices, which ultimately contributes to the overall financial health of the Medford, WI, community. Through these efforts, Peoples Choice Credit Union fosters a sense of trust and support among its members, reinforcing its role as a vital community resource.




This information is meant to be a general summary of Peoples Choice 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
$1,177,360 (2021)
Expenses
$1,588,492 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $12,477
  • Program Service Revenue: $1,161,225
  • Gross Receipts: $1,177,360

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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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

$851,427

OTHER MEMBER RELATED INCOME

Revenue

$155,737

MEMBER FEE INCOME

Revenue

$152,992

FEE & INSURANCE INCOME

Revenue

$540

NON-MEMBER DMV FEES

Revenue

$529

Organization Details

Founding Year

1940

Principal Officer

Mathew Schewe

Main Address

352 N 8TH ST, MEDFORD, WI, 54451

NTEE Category

Code: W60 - Public benefit

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