Marshfield Medical Center 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: 391081671 ✦ Marshfield, WI ✦ Designated as a 501(c)(14)

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Overview

What is Marshfield Medical Center Credit Union?

Marshfield Medical Center Credit Union is a nonprofit financial institution, situated in Marshfield, Wisconsin. With a mission to provide top-notch financial services and encourage responsible financial management, the credit union offers competitive rates and various deposit account options to its members. As of December 31, 2022, they had a membership of 3,796, with an addition of 634 new deposit accounts in that year. The credit union emphasizes on quality service and financial responsibility, catering to the financial needs of its members. In terms of size, the credit union is relatively small, employing a team of 17 individuals. The organization's primary activity revolves around offering financial services and promoting sound money management practices to its members. Despite being a credit union, it shares some similarities with nonprofit organizations in its commitment to serving its community and members.


Official website here: www.mmccu.com

What do the Facebook reviews say about Marshfield Medical Center Credit Union?

Marshfield Medical Center Credit Union has received positive remarks from its users, despite a limited number of reviews. One reviewer praised the workplace environment, highlighting the pride and dedication of the staff. They noted competitive rates on various financial products, including savings, certificates, car loans, and mortgages, suggesting that potential clients check out their offerings online or visit in person to see recent renovations.

The overall sentiment leans toward satisfaction, indicating that users feel the credit union provides valuable services worth exploring. The focus on quality service and the investment in improving their facilities appear to resonate positively with those who have shared their experiences.


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

Is Marshfield Medical Center Credit Union legitimate?

Marshfield Medical Center Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Marshfield Medical Center 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: $183,942
Professional Fundraising Fees: $0
Other Salaries and Wages: $409,398

For more financial information, click here


Official website here: www.mmccu.com

What is the mission statement of Marshfield Medical Center Credit Union?

Marshfield Medical Center Credit Union's mission is centered around providing high-quality financial services to its members. This includes offering competitive interest rates and promoting responsible money management practices. The credit union's goal is to cater to its members' financial needs effectively. As part of its services, it provides various deposit account options. In the year 2022, the credit union welcomed 634 new deposit account holders, demonstrating its continuous growth and commitment to its members. As of December 31, 2022, Marshfield Medical Center Credit Union boasted a membership of 3,796 individuals.


Official website here: www.mmccu.com

Who is the CEO of Marshfield Medical Center Credit Union?

David Murphy is the President of Marshfield Medical Center Credit Union.


Official website here: www.mmccu.com

What is the revenue of Marshfield Medical Center Credit Union?

Marshfield Medical Center Credit Union's revenue in 2022 was $1,901,472.


Official website here: www.mmccu.com

Who are the executives of Marshfield Medical Center Credit Union and what are their salaries?

The average compensation at Marshfield Medical Center Credit Union during 2022 was $34,902. There are 17 employees and 10 volunteers at Marshfield Medical Center Credit Union.


Here are 12 key members and their salaries:


David Murphy (President)
  • Compensation: $96,390
  • Related: $0
  • Other: $9,724
Jerome Litwaitis (Vp Lending)
  • Compensation: $87,552
  • Related: $0
  • Other: $21,896
Brooks Burt (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Helgeson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Oleson-Brock (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Kaiser (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Jo Knobloch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Meece (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Konitzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roy Kaiser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Korlesky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Rosandick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mmccu.com

Where can I find the form 990 for Marshfield Medical Center Credit Union?

Marshfield Medical Center Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mmccu.com

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

Mission Statement of Marshfield Medical Center Credit Union

Marshfield Medical Center Credit Union is dedicated to providing its members with high-quality financial services and competitive interest rates. Beyond offering these essential financial tools, the credit union encourages its members to adopt responsible money management practices. This mission aims to empower its members, equipping them with the financial resources and knowledge necessary to make informed decisions about their financial well-being. By fostering a culture of financial responsibility, Marshfield Medical Center Credit Union seeks to contribute positively to the financial health of its members. The credit union achieved this mission by opening 634 new deposit accounts in 2022, serving a total of 3,796 members as of December 31, 2022.

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Impact




October, 2024

Marshfield Medical Center Credit Union plays a significant role in its community by providing quality financial services and promoting responsible money management among its members. With a focus on competitive rates, the credit union encourages members to save and manage their finances effectively.

In 2022, the credit union made a notable impact by opening 634 new deposit accounts, demonstrating its commitment to expanding access to financial services. By the end of the year, Marshfield Medical Center Credit Union served 3,796 members, reflecting its growing presence and utility in the Marshfield, WI area.

Through its various deposit account offerings, the credit union not only supports individual financial goals but also fosters a culture of financial literacy and responsibility within the community. Overall, the credit union serves as a valuable resource, helping members achieve their financial aspirations while enhancing the economic well-being of the community.




This information is meant to be a general summary of Marshfield Medical Center 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
$1,901,472 (2022)
Expenses
$1,749,548 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $467,371
  • Program Service Revenue: $1,425,238
  • Gross Receipts: $2,151,972

Assets and Liabilities:

  • Total Assets: $89,196,056
  • Total Liabilities: $85,706,107
  • Net Assets: $3,489,949

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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

$1,298,009

MEMBER FEE INCOME

Revenue

$72,727

OTHER MEMBER RELATED INCOME

Revenue

$54,002

MECH BRKDWN ISUR INCOME

Revenue

$500

Organization Details

Founding Year

1965

Principal Officer

David Murphy

Main Address

PO BOX 279, MARSHFIELD, WI, 54449

NTEE Category

Code: W60 - Public benefit

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