Health Care Credit Union

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

EIN: 390992061 ✦ Oshkosh, WI ✦ Designated as a 501(c)(14)

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Overview

What is Health Care Credit Union?

Health Care Credit Union is a nonprofit organization situated in Oshkosh, Wisconsin. Their primary mission is to offer suitable financial services to health care professionals who either work or reside in Winnebago County, with the aim of enhancing their financial stability and strength. The credit union provides a variety of loan programs for its members, funding 574 loans in 2022 alone. As of December 31, 2022, they had 1,126 active loan agreements with their members. The organization operates with a small team of seven employees.


Official website here: www.healthcarecu.org

What do the Facebook reviews say about Health Care Credit Union?

96% of 11 reviewers on Facebook recommend Health Care Credit Union. Here is a summary of their reviews:

Many members express their appreciation for the friendly and helpful staff at HCCU, highlighting a warm and welcoming environment. The positivity surrounding their experiences suggests that the nonprofit effectively meets the needs of its members.

Overall, the strong endorsement from reviewers indicates a high level of satisfaction with the services provided by Health Care Credit Union, making it a community favorite for those seeking support in their financial needs.


This AI summary has been generated from reviews found on Facebook.

Is Health Care Credit Union legitimate?

Health Care Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Health Care 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: $107,703
Professional Fundraising Fees: $0
Other Salaries and Wages: $202,913

For more financial information, click here


Official website here: www.healthcarecu.org

What is the mission statement of Health Care Credit Union?

The Health Care Credit Union's mission is to offer suitable financial services to healthcare workers who are employed or reside within Winnebago County, Wisconsin. This is aimed at enhancing their personal financial stability and strength. The credit union provides various loan programs for its members, as demonstrated by funding 574 loans in 2022 and having 1,126 loans outstanding as of December 31, 2022. The credit union's services are designed to support the financial well-being of healthcare workers, thereby contributing to their overall quality of life.


Official website here: www.healthcarecu.org

Who is the CEO of Health Care Credit Union?

Danielle Hilbert is the Chair of Health Care Credit Union.


Official website here: www.healthcarecu.org

What is the revenue of Health Care Credit Union?

Health Care Credit Union's revenue in 2022 was $1,733,210.


Official website here: www.healthcarecu.org

Who are the executives of Health Care Credit Union and what are their salaries?

The average compensation at Health Care Credit Union during 2022 was $44,374. There are 7 employees and 7 volunteers at Health Care Credit Union.


Here are 9 key members and their salaries:


Elizabeth Cummings (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Bowen (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Pedretti (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Hammerseng (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Verstegen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Kiesow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tabitha Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derek Groth (President/Ce)
  • Compensation: $26,621
  • Related: $0
  • Other: $266
Danielle Hilbert (President/Ce)
  • Compensation: $81,082
  • Related: $0
  • Other: $811


Official website here: www.healthcarecu.org

Where can I find the form 990 for Health Care Credit Union?

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


Official website here: www.healthcarecu.org

Learn more at the official website: www.healthcarecu.org

Mission Statement of Health Care Credit Union

Health Care Credit Union is dedicated to offering suitable financial services to healthcare workers who are either employed or reside within Winnebago County, Wisconsin. The primary objective of this nonprofit organization is to enhance the personal financial strength and stability of these individuals. It achieves this by providing various loan programs to its members. In 2022 alone, the credit union funded 574 loans, demonstrating its commitment to assisting its members with their financial needs. As of December 31, 2022, the credit union had 1,126 loans in its portfolio, further underscoring its role in providing financial support to its healthcare worker members.

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Impact




October, 2024

Health Care Credit Union substantially enhances the financial well-being of health care workers in Winnebago County, Wisconsin. By offering tailored financial services, the credit union empowers these professionals to improve their personal financial strength and stability. In 2022 alone, Health Care Credit Union funded 574 loans, with a total of 1,126 loans outstanding by the end of the year. This indicates a robust commitment to supporting its members, enabling them to achieve their financial goals and navigate the challenges of their profession. Through its focused mission, the credit union plays a vital role in fostering a financially secure community amongst health care workers.




This information is meant to be a general summary of Health Care 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
$1,733,210 (2022)
Expenses
$1,206,414 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $73,518
  • Program Service Revenue: $1,655,719
  • Gross Receipts: $1,733,210

Assets and Liabilities:

  • Total Assets: $30,574,965
  • Total Liabilities: $26,797,035
  • Net Assets: $3,777,930

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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

$1,274,412

OTHER MEMBER FEE INCOME

Revenue

$381,307

Organization Details

Founding Year

1960

Principal Officer

Danielle Hilbert

Main Address

PO BOX 2346, OSHKOSH, WI, 549032346

NTEE Category

Code: W60 - Public benefit

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