Tomah Area Credit Union

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

EIN: 390966830 ✦ Tomah, WI ✦ Designated as a 501(c)(14)

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Overview

What is Tomah Area Credit Union?

Tomah Area Credit Union is a financial institution located in the city of Tomah, Wisconsin. The credit union is committed to serving its members by offering various deposit accounts and has expanded its membership base by opening 326 new accounts in 2022, as of December 31st. As of the same date, the credit union boasts a membership of 6,876 individuals. The organization's primary goal is to provide the best financial services to its members, ensuring their financial well-being and needs are met effectively. With a modest workforce of 32 employees, the credit union operates with the intention of delivering exceptional service to its members.


Official website here: www.tacuonline.com

Is Tomah Area Credit Union legitimate?

Tomah Area Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tomah Area 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: $278,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $559,569

For more financial information, click here


Official website here: www.tacuonline.com

What is the mission statement of Tomah Area Credit Union?

The Tomah Area Credit Union is committed to delivering exceptional financial services to its members. Their mission, as stated, is to provide the best financial service possible to their members. The credit union offers various deposit account options and saw the addition of 326 new accounts in 2022. As of December 31, 2022, they had a membership of 6,876 individuals.


Official website here: www.tacuonline.com

Who is the CEO of Tomah Area Credit Union?

Todd Scholz is the President/Ce of Tomah Area Credit Union.


Official website here: www.tacuonline.com

What is the revenue of Tomah Area Credit Union?

Tomah Area Credit Union's revenue in 2022 was $3,376,958.


Official website here: www.tacuonline.com

Who are the executives of Tomah Area Credit Union and what are their salaries?

The average compensation at Tomah Area Credit Union during 2022 was $26,201. There are 32 employees and 7 volunteers at Tomah Area Credit Union.


Here are 10 key members and their salaries:


Todd Scholz (President/Ce)
  • Compensation: $130,215
  • Related: $0
  • Other: $17,968
Jayme Altman (Vp Accountin)
  • Compensation: $70,462
  • Related: $0
  • Other: $16,266
Christine Laufenberg (Vp Member Se)
  • Compensation: $64,383
  • Related: $0
  • Other: $17,192
Paul Wiese (Chair)
  • Compensation: $2,250
  • Related: $0
  • Other: $0
Martha Klatt (Director)
  • Compensation: $2,100
  • Related: $0
  • Other: $0
Joesph Bubnich (Director)
  • Compensation: $1,950
  • Related: $0
  • Other: $0
John Froelich (Vice Chair)
  • Compensation: $1,950
  • Related: $0
  • Other: $0
Gary Klinker (Secretary)
  • Compensation: $1,950
  • Related: $0
  • Other: $0
Alan Laylan (Director)
  • Compensation: $1,950
  • Related: $0
  • Other: $0
Linda Johnson (Treasurer)
  • Compensation: $1,650
  • Related: $0
  • Other: $0


Official website here: www.tacuonline.com

Where can I find the form 990 for Tomah Area Credit Union?

Tomah Area Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tacuonline.com

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

Mission Statement of Tomah Area Credit Union

Tomah Area Credit Union, as stated in its mission, is dedicated to offering the finest financial services to its members. The credit union's primary objective is to cater to the financial needs of its members effectively. In 2022, the credit union expanded its service by opening 326 new deposit accounts, demonstrating its commitment to meeting the financial needs of its growing member base. As of December 31, 2022, Tomah Area Credit Union boasted a membership of 6,876 individuals, underscoring its popularity and success in providing quality financial services to its members.

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Impact




October, 2024

Tomah Area Credit Union significantly enhances the community's financial landscape by prioritizing the needs of its members. In 2022 alone, the credit union opened 326 new deposit accounts, demonstrating its commitment to expanding access to financial services. With a membership base of 6,876 individuals, the credit union plays a vital role in providing a variety of deposit accounts tailored to meet the diverse financial needs of its members. Located in Tomah, Wisconsin, the credit union is dedicated to delivering the best financial service, ensuring that each member can achieve their financial goals while contributing to the overall well-being of the community.




This information is meant to be a general summary of Tomah Area 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
$3,376,958 (2022)
Expenses
$2,423,240 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $768,126
  • Program Service Revenue: $2,599,208
  • Gross Receipts: $3,376,958

Assets and Liabilities:

  • Total Assets: $98,532,665
  • Total Liabilities: $89,365,064
  • Net Assets: $9,167,601

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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

$1,863,831

MEMBER FEE INCOME

Revenue

$661,353

OTHER MEMBER RELATED REVENUE

Revenue

$65,422

FEE & INSURANCE REVENUE

Revenue

$8,602

Organization Details

Founding Year

1939

Principal Officer

Todd Scholz

Main Address

PO BOX 940, TOMAH, WI, 54660

NTEE Category

Code: W60 - Public benefit

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