Overview
What is Focus Credit Union?
Focus Credit Union is a nonprofit financial cooperative located at N88W14930 Main St, Menomonee Falls, WI 53051. As a member-owned organization, their primary mission is to offer financial services, aiming to enhance the financial well-being of their members. During 2022, they granted 699 member loans. As of December 31, 2022, they had 104 mortgage loans and lines of credit outstanding, 823 credit cards outstanding, and 2,386 consumer loans and lines of credit outstanding. This financial cooperative operates as a thrift, providing various loan options to its members to support their financial goals.
Official website here: www.focus-cu.com
Is Focus Credit Union legitimate?
Focus Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Focus 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: $327,473
Professional Fundraising Fees: $0
Other Salaries and Wages: $497,199
For more financial information, click here
Official website here: www.focus-cu.com
What is the mission statement of Focus Credit Union?
Focus Credit Union, being a not-for-profit financial cooperative thrift, is dedicated to providing financial services to benefit its member-owners. The mission of the organization is to help these members maximize their financial future. In line with this, Focus Credit Union grants loans to its members, as evidenced by the 699 loans given out in 2022 alone. As of December 31, 2022, the credit union had various types of loans outstanding, including 104 mortgage loans and lines of credit, 823 credit cards, and 2,386 consumer loans and lines of credit.
Official website here: www.focus-cu.com
Who is the CEO of Focus Credit Union?
Dean C Wilson is the Presidentceo of Focus Credit Union. The CEO's salary of Focus Credit Union is $185,639 and their total compensation is $195,931.
Official website here: www.focus-cu.com
What is the revenue of Focus Credit Union?
Focus Credit Union's revenue in 2022 was $2,568,574.
Official website here: www.focus-cu.com
Who are the executives of Focus Credit Union and what are their salaries?
There 7 volunteers at Focus Credit Union.
Here are 9 key members and their salaries (Focus Credit Union's CEO's salary is $185,639 and their total compensation is $195,931):
- Compensation: $185,639
- Related: $0
- Other: $10,292
- Compensation: $141,834
- Related: $0
- Other: $8,924
- Compensation: $540
- Related: $0
- Other: $0
- Compensation: $540
- Related: $0
- Other: $0
- Compensation: $585
- Related: $0
- Other: $0
- Compensation: $495
- Related: $0
- Other: $0
- Compensation: $360
- Related: $0
- Other: $0
- Compensation: $270
- Related: $0
- Other: $0
- Compensation: $405
- Related: $0
- Other: $0
Official website here: www.focus-cu.com
Where can I find the form 990 for Focus Credit Union?
Focus Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.focus-cu.com
Learn more at the official website: www.focus-cu.com
Mission Statement of Focus Credit Union
Focus Credit Union, as a not-for-profit financial cooperative thrift, is dedicated to providing financial services that benefit its member-owners. Its mission is to help its members maximize their financial future. By offering a variety of loans, such as mortgage loans, lines of credit, credit cards, and consumer loans, Focus Credit Union aims to assist its members in managing their financial needs effectively. As of December 31, 2022, the credit union had 104 mortgage loans and lines of credit outstanding, 823 credit cards outstanding, and 2,386 consumer loans and lines of credit outstanding, demonstrating its commitment to serving its members financially.
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Impact
October, 2024
Focus Credit Union has a significant impact on the financial well-being of its members in Menomonee Falls, WI, by offering a range of financial services tailored to meet their needs. In 2022, it granted 699 member loans, enabling individuals to access the funds necessary for various purposes, from personal projects to home ownership. As of the end of that year, the union had 104 mortgage loans and lines of credit, 823 credit cards, and 2,386 consumer loans and lines of credit outstanding, reflecting its commitment to supporting a diverse membership.
By focusing on providing financial solutions that empower member-owners, Focus Credit Union plays a vital role in helping individuals maximize their financial futures. This cooperative structure not only fosters community development but also ensures that the profits generated are reinvested into the services and benefits available to members, creating a positive ripple effect throughout the local economy. Through its financial offerings, Focus Credit Union enhances the financial literacy and stability of its members, contributing to overall public benefit.
This information is meant to be a general summary of Focus 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: $187,973
- Program Service Revenue: $2,372,935
- Gross Receipts: $2,568,574
Assets and Liabilities:
- Total Assets: $58,597,299
- Total Liabilities: $53,810,804
- Net Assets: $4,786,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Income
Revenue
$1,712,157
Other Member Fees
Revenue
$353,771
Card Services Intercha
Revenue
$286,939
Insurance Commissions
Revenue
$12,660
Atm Fees Warranty Co
Revenue
$7,408
Organization Details
Founding Year
1964
Phone
(262) 255-0833Principal Officer
Dean C Wilson
Main Address
N88W14930 Main St, Menomonee Falls, WI, 53051
Website
www.focus-cu.comNTEE Category
Code: W60 - Public benefit
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