Central Wisconsin Credit Union

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

EIN: 391018998 ✦ Plover, WI ✦ Designated as a 501(c)(14)

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Overview

What is Central Wisconsin Credit Union?

Central Wisconsin Credit Union is a not-for-profit cooperative established to promote thrift among its members. Located at 1301 Post Road, Plover, Wisconsin 54467, it serves as a reliable and reasonably priced source of credit for its members. The aim is to enhance their economic and social condition. With a team of 11 dedicated individuals, the credit union encourages saving habits and provides financial assistance when needed.


Official website here: www.mycwcu.com

Is Central Wisconsin Credit Union legitimate?

Central Wisconsin Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Central Wisconsin 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: $251,260
Professional Fundraising Fees: $0
Other Salaries and Wages: $245,387

For more financial information, click here


Official website here: www.mycwcu.com

What is the mission statement of Central Wisconsin Credit Union?

Central Wisconsin Credit Union operates as a cooperative not-for-profit corporation, with the primary objective of promoting financial savings among its members and offering credit at affordable rates. Its mission is to enhance the economic and social conditions of its members by providing credit at a fair and reasonable cost, thereby fostering thrift. This cooperative endeavors to improve the financial well-being of its members and contribute to their overall quality of life.


Official website here: www.mycwcu.com

Who is the CEO of Central Wisconsin Credit Union?

Nick Helbach is the President (January - June) of Central Wisconsin Credit Union.


Official website here: www.mycwcu.com

What is the revenue of Central Wisconsin Credit Union?

Central Wisconsin Credit Union's revenue in 2022 was $1,556,503.


Official website here: www.mycwcu.com

Who are the executives of Central Wisconsin Credit Union and what are their salaries?

The average compensation at Central Wisconsin Credit Union during 2022 was $45,150. There are 11 employees and 4 volunteers at Central Wisconsin Credit Union.


Here are 10 key members and their salaries:


Frank Hunt (President (January - June))
  • Compensation: $67,612
  • Related: $0
  • Other: $0
Nancy Breitenstein (Vp-Lending)
  • Compensation: $63,991
  • Related: $0
  • Other: $0
Kaye Niemi (Vp-Operations)
  • Compensation: $62,047
  • Related: $0
  • Other: $0
Nick Helbach (President (July - December))
  • Compensation: $57,610
  • Related: $0
  • Other: $0
Dick Okray (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $660
Rick Okray (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $660
Val Omernick (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $660
Nick Helbach (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $660
Mike Wiza (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $605
Angela Harer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $275


Official website here: www.mycwcu.com

Where can I find the form 990 for Central Wisconsin Credit Union?

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


Official website here: www.mycwcu.com

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

Mission Statement of Central Wisconsin Credit Union

Central Wisconsin Credit Union, as a cooperative not-for-profit corporation, is committed to fostering thrift among its members and serving as a reliable source of credit at reasonable costs. This mission is aimed at enhancing the economic and social conditions of its members. The credit union encourages its members to save and provides them with credit at fair interest rates, thereby contributing to their financial well-being. By doing so, Central Wisconsin Credit Union seeks to create a positive impact on the lives of its members, promoting financial stability and overall improvement in their quality of life.

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Impact




October, 2024

Central Wisconsin Credit Union plays a significant role in enhancing the economic and social conditions of its community. By promoting thrift among its members, the credit union empowers individuals to save and manage their finances effectively. This cooperative approach fosters a sense of financial stability, allowing members to achieve their personal and financial goals.

Moreover, Central Wisconsin Credit Union provides access to credit at fair and reasonable rates, making it easier for individuals and families to secure loans for various needs, such as purchasing homes, financing education, or starting businesses. This access to affordable credit not only supports personal growth but also stimulates local economic development.

Operating out of Plover, Wisconsin, the credit union’s commitment to community well-being positions it as a vital resource for residents striving to improve their financial health. Through its activities, Central Wisconsin Credit Union contributes to a collective sense of trust and cooperation, reinforcing the importance of community support in building a financially sound future for all its members.




This information is meant to be a general summary of Central Wisconsin 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
$1,556,503 (2022)
Expenses
$1,419,625 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $141,957
  • Program Service Revenue: $1,414,546
  • Gross Receipts: $1,556,503

Assets and Liabilities:

  • Total Assets: $53,054,155
  • Total Liabilities: $48,466,456
  • Net Assets: $4,587,699

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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

$1,085,961

Fees/Charges on Loans

Revenue

$13,968

Credit Life/Disability Insurance

Revenue

$1,866

Non Member ATM Fees

Revenue

$4,284

Rental Income

Revenue

$25,000

Organization Details

Founding Year

1936

Principal Officer

Nick Helbach

Main Address

1301 Post Road, Plover, WI, 54467

NTEE Category

Code: W60 - Public benefit

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