Westby Co-Op Credit Union

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

EIN: 390966273 ✦ Westby, WI ✦ Designated as a 501(c)(14)

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Overview

What is Westby Co-Op Credit Union?

Westby Co-Op Credit Union is a credit union located in Wisconsin, specifically at PO Box 70, Westby. With a team of 272 employees, they are committed to offering efficient, confidential, and accurate financial services to their members in a convenient and friendly environment. In the past year, they provided 797 new loans to members that were worth $2,000 or less. The credit union prides itself on being competitively priced, technologically advanced, and economically sound. They also support their communities and prioritize client satisfaction.


Official website here: www.wccucreditunion.coop

Is Westby Co-Op Credit Union legitimate?

Westby Co-Op Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Westby Co-Op 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: $1,375,559
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,255,936

For more financial information, click here


Official website here: www.wccucreditunion.coop

What is the mission statement of Westby Co-Op Credit Union?

Westby Co-Op Credit Union is committed to delivering efficient, confidential, and accurate financial services in a convenient and friendly environment. The credit union prides itself on being competitively priced, technologically advanced, and economically sound. Additionally, it supports its communities by offering these services. In the previous year, the credit union granted 797 new loans to its members, each worth $2,000 or less.


Official website here: www.wccucreditunion.coop

Who is the CEO of Westby Co-Op Credit Union?

John Rudie is the Chairperson Credit Com of Westby Co-Op Credit Union. The CEO's salary of Westby Co-Op Credit Union is $262,732 and their total compensation is $294,236.


Official website here: www.wccucreditunion.coop

What is the revenue of Westby Co-Op Credit Union?

Westby Co-Op Credit Union's revenue in 2022 was $40,291,199.


Official website here: www.wccucreditunion.coop

Who are the executives of Westby Co-Op Credit Union and what are their salaries?

The average compensation at Westby Co-Op Credit Union during 2022 was $42,763. There are 272 employees at Westby Co-Op Credit Union.


Here are 14 key members and their salaries (Westby Co-Op Credit Union's CEO's salary is $262,732 and their total compensation is $294,236):


Monte Torgerson (Chairperson Credit Com)
  • Compensation: $10,125
  • Related: $0
  • Other: $0
Kevin Larson (2Nd Vice Chair)
  • Compensation: $7,350
  • Related: $0
  • Other: $0
Christine Sloat (Vice Chairman It Com)
  • Compensation: $7,275
  • Related: $0
  • Other: $0
Alan Berg (2Nd Vice Chair Audit Com)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
William Marohl (Secretary Audit Com)
  • Compensation: $9,750
  • Related: $0
  • Other: $0
Joanne Hurnfeld (2Nd Vice Chair Alco Com)
  • Compensation: $6,900
  • Related: $0
  • Other: $0
Kevin Hauser (President/Ceo)
  • Compensation: $262,732
  • Related: $0
  • Other: $31,504
John Rudie (Cfo)
  • Compensation: $203,983
  • Related: $0
  • Other: $31,289
Marlene Olson (Cxo)
  • Compensation: $161,951
  • Related: $0
  • Other: $14,229
Tom Hafemann (Cto)
  • Compensation: $154,144
  • Related: $0
  • Other: $7,983
Vincent Paduano (Clo)
  • Compensation: $160,261
  • Related: $0
  • Other: $27,343
Art Schrader (Cbdo)
  • Compensation: $153,306
  • Related: $0
  • Other: $13,649
Sarah Mani (Treasurer Alco Com)
  • Compensation: $7,400
  • Related: $0
  • Other: $0
Garland Mcgoney (Retired Cto)
  • Compensation: $90,851
  • Related: $0
  • Other: $7,534


Official website here: www.wccucreditunion.coop

Where can I find the form 990 for Westby Co-Op Credit Union?

Westby Co-Op Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wccucreditunion.coop

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

Mission Statement of Westby Co-Op Credit Union

Westby Co-Op Credit Union is committed to delivering services that are efficient, confidential, and accurate in a convenient and friendly environment. The credit union prides itself on being competitively priced, technologically advanced, and economically sound. Westby Co-Op Credit Union's ultimate goal is to support its communities.

In practice, the credit union achieves this mission by providing a wide range of financial services to its members. In 2022 alone, Westby Co-Op Credit Union granted 797 new loans to members, each worth $2,000 or less. This demonstrates the credit union's dedication to making financial assistance accessible to its members. The credit union's team works diligently to ensure that the services they offer are of the highest quality and that its members receive accurate and efficient financial solutions.

Westby Co-Op Credit Union's commitment to its communities extends beyond its financial services. The credit union aims to provide a positive and welcoming experience for its members. By maintaining a convenient and friendly environment, Westby Co-Op Credit Union fosters trust and confidence among its members. As a result, the credit union has built a strong and loyal community of satisfied customers.

Westby Co-Op Credit Union's unwavering dedication to its mission is exemplified in its daily operations. Through its efficient and confidential services, the credit union helps members manage their finances and improve their financial wellbeing. With a technologically advanced approach and economically sound practices, Westby Co-Op Credit Union remains a trusted financial partner for its members.

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Impact




October, 2024

Westby Co-Op Credit Union plays a vital role in its community by providing efficient, confidential, and accurate financial services in a friendly environment. In 2022 alone, the credit union issued 797 new loans to its members for amounts of $2,000 or less, significantly contributing to local economic activity and helping individuals achieve their financial goals. Their commitment to being competitively priced and technologically advanced ensures that members have access to essential financial tools while fostering economic soundness. Alongside these services, Westby Co-Op Credit Union prioritizes community support, reinforcing its dedication to improving the lives of its members and the broader community in Westby, WI.




This information is meant to be a general summary of Westby Co-Op 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
$40,291,199 (2022)
Expenses
$30,262,420 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,579,694
  • Program Service Revenue: $37,711,505
  • Gross Receipts: $40,291,199

Assets and Liabilities:

  • Total Assets: $834,152,989
  • Total Liabilities: $717,008,712
  • Net Assets: $117,144,277

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST AND FEES

Revenue

$37,273,907

LOAN INSURANCE

Revenue

$437,598

Organization Details

Founding Year

1939

Principal Officer

John Rudie

Main Address

PO BOX 70, WESTBY, WI, 54667

NTEE Category

Code: W60 - Public benefit

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