Overview
What is Lakewood Credit Union?
Lakewood Credit Union is a community-focused financial institution, headquartered in Rib Lake, Wisconsin. With a strong commitment to its members, it offers various deposit accounts and opened 71 new accounts in 2022. As of December 31, 2022, it served a total of 1,342 members. Its mission is to provide high-quality financial services to meet its members' needs while maintaining financial stability. The credit union emphasizes its operations within the community, offering its services in a community-oriented environment. It currently employs a team of 10 individuals.
Official website here: www.lakewoodcu.org
What do the Facebook reviews say about Lakewood Credit Union?
While Lakewood Credit Union currently has no formal ratings due to just two reviews, there's a positive sentiment expressed by users. Both reviewers commend the staff, highlighting their helpfulness and expertise.
This suggests that the nonprofit prioritizes knowledgeable and friendly service, which contributes to a welcoming atmosphere for members. Overall, the early impressions indicate a strong foundation for future engagement and satisfaction among potential members.
This AI summary has been generated from reviews found on Facebook.
Is Lakewood Credit Union legitimate?
Lakewood Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lakewood 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: $74,546
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,077
For more financial information, click here
Official website here: www.lakewoodcu.org
What is the mission statement of Lakewood Credit Union?
Lakewood Credit Union is committed to providing high-quality financial services that cater to its members' needs in a community-oriented environment. Maintaining financial stability is also a key priority for the credit union. They offer a variety of deposit accounts to their members, as evidenced by the opening of 71 new accounts in 2022. As of December 31, 2022, the credit union had a membership of 1,342 individuals. The credit union's mission is to serve its members effectively, ensuring their financial needs are met while ensuring the credit union's financial stability.
Official website here: www.lakewoodcu.org
Who is the CEO of Lakewood Credit Union?
Amy Ketterhagen is the President of Lakewood Credit Union.
Official website here: www.lakewoodcu.org
What is the revenue of Lakewood Credit Union?
Lakewood Credit Union's revenue in 2022 was $437,438.
Official website here: www.lakewoodcu.org
Who are the executives of Lakewood Credit Union and what are their salaries?
The average compensation at Lakewood Credit Union during 2022 was $18,462. There are 10 employees and 6 volunteers at Lakewood Credit Union.
Here are 8 key members and their salaries:
- Compensation: $46,406
- Related: $0
- Other: $805
- Compensation: $24,450
- Related: $0
- Other: $201
- Compensation: $1,150
- Related: $0
- Other: $0
- Compensation: $590
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $350
- Related: $0
- Other: $0
Official website here: www.lakewoodcu.org
Where can I find the form 990 for Lakewood Credit Union?
Lakewood Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakewoodcu.org
Learn more at the official website: www.lakewoodcu.org
Mission Statement of Lakewood Credit Union
Lakewood Credit Union is committed to delivering top-notch financial services that cater to its members' requirements within a community setting, all while ensuring financial stability. The credit union's primary objective is to fulfill the financial needs of its members in a community-oriented environment, maintaining financial stability as a constant priority. This mission is reflected in the various deposit accounts that Lakewood Credit Union offers to its members, with 71 new accounts being opened in 2022. As of December 31, 2022, Lakewood Credit Union boasts a membership of 1,342 individuals, demonstrating its success in meeting its members' financial needs.
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Impact
October, 2024
Lakewood Credit Union plays a vital role in the Rib Lake community by offering a range of financial services tailored to meet the needs of its members. In 2022, the credit union successfully opened 71 new deposit accounts, demonstrating its commitment to expanding access to financial resources. With a membership base of 1,342 individuals as of December 31, 2022, Lakewood Credit Union fosters a sense of community and support among its members while ensuring financial stability. Its mission to provide quality services in a community-focused environment underscores its dedication to fulfilling the financial needs of its members, making it an essential institution in the area.
This information is meant to be a general summary of Lakewood 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 2022.
- Investment Income: $129,710
- Program Service Revenue: $307,728
- Gross Receipts: $444,739
Assets and Liabilities:
- Total Assets: $15,366,093
- Total Liabilities: $13,584,517
- Net Assets: $1,781,576
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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
$264,654
MEMBER FEE INCOME
Revenue
$26,788
NON-MEMBER SERVICE FEES
Revenue
$11,187
OTHER MEMBER RELATED INCOME
Revenue
$5,099
Organization Details
Founding Year
1961
Phone
(715) 427-5201Principal Officer
Amy Ketterhagen
Main Address
PO BOX 224, RIB LAKE, WI, 54470
Website
www.lakewoodcu.orgNTEE Category
Code: W60 - Public benefit
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