Oakdale Credit Union

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

EIN: 396049985 ✦ Oakdale, WI ✦ Designated as a 501(c)(14)

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Overview

What is Oakdale Credit Union?

Oakdale Credit Union is a nonprofit organization committed to fostering financial well-being among its members. Its primary objective is to promote savings and provide affordable credit, thereby offering members the chance to enhance their economic and social standing. The union's mission is to encourage thrift and facilitate credit access on fair and reasonable terms, ultimately empowering each member to improve their financial situation. In essence, Oakdale Credit Union serves as a financial partner, helping its members build a stronger financial future.


Official website here: www.oakdalecu.coop

Is Oakdale Credit Union legitimate?

Oakdale Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Oakdale 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: $163,809
Professional Fundraising Fees: $0
Other Salaries and Wages: $922,754

For more financial information, click here


Official website here: www.oakdalecu.coop

What is the mission statement of Oakdale Credit Union?

Oakdale Credit Union's mission is aimed at improving the financial well-being of its members. It encourages saving habits among its members and serves as a reliable source of affordable credit. The organization provides a platform for its members to enhance their economic and social conditions by leveraging the credit it offers.


Official website here: www.oakdalecu.coop

Who is the CEO of Oakdale Credit Union?

Colleen Woggon is the Treasurer of Oakdale Credit Union. The CEO's salary of Oakdale Credit Union is $126,593 and their total compensation is $149,649.


Official website here: www.oakdalecu.coop

What is the revenue of Oakdale Credit Union?

Oakdale Credit Union's revenue in 2022 was $4,086,946.


Official website here: www.oakdalecu.coop

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

The average compensation at Oakdale Credit Union during 2022 was $32,926. There are 33 employees at Oakdale Credit Union.


Here are 9 key members and their salaries (Oakdale Credit Union's CEO's salary is $126,593 and their total compensation is $149,649):


Patrick Rezin (Treasurer)
  • Compensation: $2,410
  • Related: $0
  • Other: $0
Bruce Ardelt (Chairman)
  • Compensation: $2,220
  • Related: $0
  • Other: $0
Terry Tiber (Vice Chair)
  • Compensation: $2,070
  • Related: $0
  • Other: $0
Jennifer Laursen (Secretary)
  • Compensation: $1,940
  • Related: $0
  • Other: $0
Lori Lowe (Board Member)
  • Compensation: $1,790
  • Related: $0
  • Other: $0
Stephan Day (Board Member)
  • Compensation: $1,750
  • Related: $0
  • Other: $0
Michael Jacobson (Vice Chair - Part Year)
  • Compensation: $1,260
  • Related: $0
  • Other: $0
Rose Bartholomew (Board Member)
  • Compensation: $720
  • Related: $0
  • Other: $0
Colleen Woggon (Ceo)
  • Compensation: $126,593
  • Related: $0
  • Other: $23,056


Official website here: www.oakdalecu.coop

Where can I find the form 990 for Oakdale Credit Union?

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


Official website here: www.oakdalecu.coop

Learn more at the official website: www.oakdalecu.coop

Mission Statement of Oakdale Credit Union

Oakdale Credit Union's mission is centered around enhancing the financial lives of its members. The organization strives to encourage savings among its members, serving as a reliable source of affordable credit. Furthermore, Oakdale Credit Union provides its members with an opportunity to improve their economic and social conditions. By fostering thrift, creating credit at reasonable costs, and offering financial assistance, the credit union aims to contribute positively to the financial well-being of its members.

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Impact




October, 2024

Oakdale Credit Union plays a vital role in enhancing the financial lives of its members in Oakdale, Wisconsin. By encouraging thrift and responsible saving, it empowers individuals to take control of their financial futures. The credit union offers accessible and affordable credit options, ensuring that members have the resources they need to make significant life investments, whether for education, homeownership, or other personal goals.

Through its mission, Oakdale Credit Union creates a supportive environment where members can access financial services that contribute to their overall economic and social well-being. By fostering a community-oriented approach, the credit union not only helps improve individual circumstances but also strengthens the local economy. Its commitment to providing fair and reasonable financial products enables members to build wealth and improve their quality of life, ultimately benefiting the community as a whole.




This information is meant to be a general summary of Oakdale 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
$4,086,946 (2022)
Expenses
$3,128,400 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $718,246
  • Program Service Revenue: $3,367,140
  • Gross Receipts: $4,140,887

Assets and Liabilities:

  • Total Assets: $111,546,664
  • Total Liabilities: $102,607,067
  • Net Assets: $8,939,597

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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

$2,201,920

MEMBER ACCOUNT FEES

Revenue

$1,007,839

INSURANCE SALES

Revenue

$104,245

OTHER MEMBER INCOME

Revenue

$34,051

OTHER PROGRAM INCOME

Revenue

$15,469

Organization Details

Founding Year

1953

Principal Officer

Colleen Woggon

Main Address

PO BOX 115, OAKDALE, WI, 54649

NTEE Category

Code: W60 - Public benefit

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