St Mary's & Affiliates Credit Union

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

EIN: 391025877 ✦ Madison, WI ✦ Designated as a 501(c)(14)

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Overview

What is St Mary's & Affiliates Credit Union?

St. Mary's & Affiliates Credit Union, located at 700 South Park Street, Madison, Wisconsin 53715, is a member-focused financial institution with a mission to aid its members in achieving financial health. With a team of 9 dedicated employees, the credit union offers various deposit accounts and reported opening 150 new accounts in 2022. As of December 31, 2022, the credit union boasted a membership of 3,644 individuals. The credit union operates under the philosophy of 'people helping people' and is committed to providing financial assistance to its members.


Official website here: www.smacu.org

Is St Mary's & Affiliates Credit Union legitimate?

St Mary's & Affiliates Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. St Mary's & Affiliates 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: $106,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $245,904

For more financial information, click here


Official website here: www.smacu.org

What is the mission statement of St Mary's & Affiliates Credit Union?

St. Mary's & Affiliates Credit Union, adhering to the spirit of community aid, assists its members in their journey towards financial wellness. The credit union's mission is centered around this principle, with a focus on aiding its members in achieving financial health. They offer various deposit account options, as demonstrated by the opening of 150 new deposit accounts in 2022. As of December 31, 2022, the credit union served a membership of 3,644 individuals.


Official website here: www.smacu.org

Who is the CEO of St Mary's & Affiliates Credit Union?

Michele L Lehmann is the President of St Mary's & Affiliates Credit Union.


Official website here: www.smacu.org

What is the revenue of St Mary's & Affiliates Credit Union?

St Mary's & Affiliates Credit Union's revenue in 2022 was $1,245,055.


Official website here: www.smacu.org

Who are the executives of St Mary's & Affiliates Credit Union and what are their salaries?

The average compensation at St Mary's & Affiliates Credit Union during 2022 was $39,170. There are 9 employees and 19 volunteers at St Mary's & Affiliates Credit Union.


Here are 6 key members and their salaries:


Michele L Lehmann (President)
  • Compensation: $106,625
  • Related: $0
  • Other: $20,899
Laura Jelle (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dianne Riley (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Topp (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Bergum (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meghan Wills (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.smacu.org

Where can I find the form 990 for St Mary's & Affiliates Credit Union?

St Mary's & Affiliates Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.smacu.org

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

Mission Statement of St Mary's & Affiliates Credit Union

St. Mary's & Affiliates Credit Union, in the spirit of people helping people, strives to aid its members in attaining financial health. The credit union's mission is centered around providing assistance to its members, fostering a sense of financial well-being. With a strong belief in community support, St. Mary's & Affiliates Credit Union offers various deposit account options to its members. In 2022, the credit union opened 150 new deposit accounts, demonstrating its commitment to expanding its services and reaching out to more individuals. As of December 31, 2022, St. Mary's & Affiliates Credit Union had a membership of 3,644, highlighting its growing presence in the financial health sector. The credit union's mission is not just about providing financial services, but also about empowering its members to achieve financial stability and independence.

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Impact




October, 2024

St Mary's & Affiliates Credit Union plays a significant role in promoting financial health within the Madison community. By embodying the spirit of "people helping people," the credit union provides a variety of deposit accounts tailored to meet the needs of its members. In 2022 alone, the credit union successfully opened 150 new deposit accounts, reflecting its commitment to expanding access to financial services. With a membership base of 3,644 individuals as of December 31, 2022, the credit union is dedicated to fostering economic well-being and empowering its members to achieve their financial goals. Through its efforts, St Mary's & Affiliates Credit Union not only strengthens individual financial stability but also enhances the overall economic health of the community it serves.




This information is meant to be a general summary of St Mary's & Affiliates 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
$1,245,055 (2022)
Expenses
$1,164,314 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $137,067
  • Program Service Revenue: $1,099,951
  • Gross Receipts: $1,457,885

Assets and Liabilities:

  • Total Assets: $36,177,681
  • Total Liabilities: $32,557,530
  • Net Assets: $3,620,151

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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

$892,901

OTHER MEMBER RELATED REVENUE

Revenue

$116,437

MEMBER FEE INCOME

Revenue

$88,525

FEE & INSURANCE INCOME

Revenue

$2,088

Organization Details

Founding Year

1959

Principal Officer

Michele L Lehmann

Main Address

700 SOUTH PARK STREET, MADISON, WI, 53715

NTEE Category

Code: W60 - Public benefit

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