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Nonprofiteer
← LA CROSSE BURLINGTON CREDIT UNION

Form 990 for tax year 2022

Filed by LA CROSSE BURLINGTON CREDIT UNION.

Totals

Total revenue
$187,526
Total expenses
$194,095
Contributions and grants received
$4,000
Grants paid
$0
Program service revenue
$123,788
Investment income
$59,738
Other revenue
$0
Total assets, end of year
$7,932,710
Total liabilities, end of year
$7,036,733
Net assets or fund balances, end of year
$895,977
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,000

  • 2a · Program service revenue: INTEREST ON LOANS

    total $93,553 · related or exempt $93,553

  • 2b · Program service revenue: MEMBER FEE INCOME

    total $30,235 · related or exempt $30,235

  • 3 · Investment income

    total $59,738 · excluded $59,738

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $32,968

  • 8 · Pension plan contributions

    total $989

  • 10 · Payroll taxes

    total $2,614

  • 11c · Fees: accounting

    total $4,600

  • 12 · Advertising and promotion

    total $579

  • 13 · Office expenses

    total $110,095

  • 14 · Information technology

    total $21,414

  • 16 · Occupancy

    total $6,134

  • 19 · Conferences, conventions and meetings

    total $506

  • 22 · Depreciation, depletion and amortization

    total $4,315

  • 23 · Insurance

    total $11,233

  • 24a · Other expenses: DIVIDENDS EXPENSES

    total $2,148

  • 24b · Other expenses: PROVISION LOAN LOSS ADJST

    total -$3,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $146,200 · end of year $119,466

  • 2 · Savings and temporary cash investments

    beginning of year $5,082,244 · end of year $3,853,458

  • 7 · Other notes and loans receivable

    beginning of year $2,615,083 · end of year $2,564,844

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,703 · end of year $16,007

  • 10a · Land, buildings and equipment: cost or other basis

    $228,372

  • 10b · Land, buildings and equipment: accumulated depreciation

    $209,375

  • 10c · Land, buildings and equipment, net

    beginning of year $20,808 · end of year $18,997

  • 13 · Investments: program-related

    beginning of year $565,947 · end of year $1,269,942

  • 15 · Other assets

    beginning of year $73,629 · end of year $89,996

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,510 · end of year $26,653

  • 25 · Other liabilities

    beginning of year $7,601,558 · end of year $7,010,080

  • 31 · Retained earnings, endowment or other funds

    beginning of year $902,546 · end of year $895,977

Mission and programs · 2022

Mission

WE ARE A NON-PROFIT, MEMBER-OWNED FINANCIAL ORGANIZATION. WE STRIVE TO PROVIDE FINANCIAL SERVICES, EDUCATION, AND THE LONG-TERM STABILITY OF THE CREDIT UNION BY: ENCOURAGING THRIFT AMONG OUR MEMBERS; CREATING A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST; HELPING IMPROVE OUR MEMBERS' FINANCIAL CONDITION; PROVIDING EXCELLENCE IN MEMBER SERVICE THROUGH A PROMPT, FRIENDLY, AND KNOWLEDGEABLE STAFF; AND PROMOTING THE UNIQUENESS AND PHILOSOPHY OF THE CREDIT UNION SYSTEM.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 102 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 921 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 208 NEW LOANS TO OUR MEMBERS DURING 2022. AS OF 12/31/22 WE HAD 329 LOANS TO OUR MEMBERS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dorothy Hannon

    PRESIDENT

    Total calculated
    $33,957
    From this org
    $32,968
    From related orgs
    $0
    Other
    $989
    Hours/week
    55

  • Charles Dillon

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Irish

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Laurie Cafe

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Koziara

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Nancy Fischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Matl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Brye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202333179349311128

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