Corporate Central Credit Union

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

EIN: 391370057 ✦ Muskego, WI ✦ Designated as a 501(c)(14)

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Overview

What is Corporate Central Credit Union?

Corporate Central Credit Union, based in Muskego, Wisconsin, is a nonprofit cooperative corporation incorporated under state law. Its mission is to encourage savings among its members, serve as a source of credit, and help improve their economic and social conditions. The organization, which employs 68 people, offers correspondent services and investments to its member credit unions. By promoting excellent service, treating others with trust, and pursuing growth, Corporate Central Credit Union aims to meet the evolving financial needs of its members.


Official website here: www.corpcu.com

Is Corporate Central Credit Union legitimate?

Corporate Central Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Corporate Central 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: $3,594,380
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,991,639

For more financial information, click here


Official website here: www.corpcu.com

What is the mission statement of Corporate Central Credit Union?

Corporate Central Credit Union is dedicated to addressing the evolving financial requirements of its member base. Through exceptional service and value, the organization aims to build and sustain trust. By consistently following through on commitments and striving for excellence, Corporate Central Credit Union fosters growth for its members. Established as a cooperative nonprofit corporation, the credit union aims to encourage thrift and create a reliable source of credit at fair rates, ultimately contributing to the improvement of its members' economic and social conditions. The credit union provides correspondent services and investment opportunities for member credit unions.


Official website here: www.corpcu.com

Who is the CEO of Corporate Central Credit Union?

Nicholas Fanning Cfa is the President And Ceo of Corporate Central Credit Union. The CEO's salary of Corporate Central Credit Union is $447,839 and their total compensation is $494,112.


Official website here: www.corpcu.com

What is the revenue of Corporate Central Credit Union?

Corporate Central Credit Union's revenue in 2022 was $135,617,240.


Official website here: www.corpcu.com

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

The average compensation at Corporate Central Credit Union during 2022 was $96,853. There are 68 employees and 9 volunteers at Corporate Central Credit Union.


Here are 27 key members and their salaries (Corporate Central Credit Union's CEO's salary is $447,839 and their total compensation is $494,112):


Chris Felton (President And Ceo)
  • Compensation: $447,839
  • Related: $0
  • Other: $46,273
Daniel Mcintyre (Vp Investment Services)
  • Compensation: $305,778
  • Related: $0
  • Other: $165,050
Nick Fanning (Svp/Chief Financial Officer)
  • Compensation: $287,031
  • Related: $0
  • Other: $104,290
Gregg Tushaus (Svp Chief Technology & Strategy Officer)
  • Compensation: $249,091
  • Related: $0
  • Other: $106,596
Kevin Chiappetta (Svp/Investment Services)
  • Compensation: $226,604
  • Related: $0
  • Other: $126,618
Jesse Kohl (Svp/Corporate Development)
  • Compensation: $214,930
  • Related: $0
  • Other: $65,397
Nancy Morgan (Svp/Chief Operating Officer)
  • Compensation: $267,305
  • Related: $0
  • Other: $0
John Hickey (Vp Investments)
  • Compensation: $169,212
  • Related: $0
  • Other: $75,596
Brian Nowak (Information Technology Director)
  • Compensation: $184,592
  • Related: $0
  • Other: $44,084
Adam Stone (Executive Vice President Investment Services)
  • Compensation: $180,102
  • Related: $0
  • Other: $48,236
Cherie Spargur (Vp Accounting)
  • Compensation: $161,714
  • Related: $0
  • Other: $44,609
Fred Blask (Vp Governance Risk & Compliance)
  • Compensation: $134,910
  • Related: $0
  • Other: $64,517
Brian Stefanski (Software Engineer)
  • Compensation: $130,698
  • Related: $0
  • Other: $52,503
Kent Tushaus (Senior Software Engineer)
  • Compensation: $134,169
  • Related: $0
  • Other: $42,474
Karen Christie (Vp Member Services)
  • Compensation: $176,162
  • Related: $0
  • Other: $0
Jevon Cliffgard (Lead Software Architect)
  • Compensation: $140,233
  • Related: $0
  • Other: $25,275
Ryan Mcmillan (Director Of Technology Solutions)
  • Compensation: $117,865
  • Related: $0
  • Other: $39,453
Chris Geisler (Director - Business Development)
  • Compensation: $111,593
  • Related: $0
  • Other: $38,595
Jay Magulski (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Paulson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Val Mindak (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Chrisinger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Hanson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Ige (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Koenen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.corpcu.com

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

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


Official website here: www.corpcu.com

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

Mission Statement of Corporate Central Credit Union

Corporate Central Credit Union, a cooperative nonprofit corporation, is dedicated to addressing the evolving financial requirements of its members. This Wisconsin-incorporated organization strives for remarkable service and value, treating others with trust and integrity, and consistently pursuing excellence and growth.

In simple terms, Corporate Central Credit Union's mission revolves around meeting the financial needs of its members effectively. By providing excellent service and maintaining a high degree of trust, the organization aims to create a positive impact on its members' economic and social conditions. This mission is carried out by offering correspondent services and investments to member credit unions.

The credit union's approach to business is rooted in trust, following through on commitments, and achieving excellence. This dedication to its members is evident in its commitment to providing correspondent services and investments. These offerings help member credit unions thrive, ultimately contributing to their ability to serve their own members and strengthen their communities.

Through its services, Corporate Central Credit Union fosters a sense of collaboration and mutual support among its members. This shared goal of improving economic and social conditions through financial services fosters a strong sense of community within the organization. The credit union's unwavering commitment to its mission is a testament to its enduring impact and the trust it has built with its members.

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Impact




October, 2024

Corporate Central Credit Union plays a significant role in enhancing the financial landscape for its member credit unions in Muskego, Wisconsin, and beyond. By providing correspondent services and investment opportunities, it empowers these credit unions to meet the evolving financial needs of their communities. The focus on promoting outstanding service and value fosters trust among members, ensuring that they feel supported and valued.

Through its cooperative model, Corporate Central encourages thrift and offers credit at fair and reasonable costs, facilitating economic growth for its members and the communities they serve. The commitment to excellence not only strengthens relationships within the cooperative network but also enables credit unions to provide more impactful services to their members. By creating opportunities for economic and social improvement, Corporate Central Credit Union significantly contributes to the stability and prosperity of the members it serves, ultimately benefiting the broader community as well.




This information is meant to be a general summary of Corporate Central 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
$135,617,240 (2022)
Expenses
$95,439,016 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $97,466,801
  • Program Service Revenue: $8,620,006
  • Gross Receipts: $135,617,240

Assets and Liabilities:

  • Total Assets: $3,090,180,470
  • Total Liabilities: $3,012,607,755
  • Net Assets: $77,572,715

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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

$2,129,917

Correspondent Services Income

Revenue

$6,490,089

Organization Details

Founding Year

1981

Principal Officer

Nicholas Fanning Cfa

Main Address

6262 S Lowell Place, Muskego, WI, 53150

NTEE Category

Code: W60 - Public benefit

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