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Nonprofiteer
← WISCONSIN CREDIT UNION LEAGUE INC

Form 990 for tax year 2024

Filed by WISCONSIN CREDIT UNION LEAGUE INC.

Totals

Total revenue
$4,370,827
Total expenses
$4,033,787
Contributions and grants received
$0
Grants paid
$103,048
Program service revenue
$4,100,431
Investment income
$269,963
Other revenue
$433
Total assets, end of year
$11,921,596
Total liabilities, end of year
$4,190,516
Net assets or fund balances, end of year
$7,731,080
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $3,107,441 · related or exempt $3,107,441

  • 2b · Program service revenue: CONVENTION REVENUE

    total $582,401 · related or exempt $582,401

  • 2c · Program service revenue: EDUCATION AND TRAINING

    total $347,269 · related or exempt $347,269

  • 2d · Program service revenue: COMMITTEES

    total $30,000 · related or exempt $30,000

  • 2e · Program service revenue: CONSULTATION SERVICES

    total $20,250 · related or exempt $20,250

  • 2f · All other program service revenue

    total $13,070 · related or exempt $13,070

  • 3 · Investment income

    total $251,248 · excluded $251,248

  • 6a · Gross rents

    real property $433

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $433

  • 6d · Net rental income or loss

    total $433 · excluded $433

  • 7a · Gross sales of assets other than inventory

    securities $176,901

  • 7b · Less cost or other basis and sales expenses

    securities $158,186

  • 7c · Gain or loss

    securities $18,715

  • 7d · Net gain or loss

    total $18,715 · excluded $18,715

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $103,048

  • 5 · Compensation of officers, directors and key employees

    total $916,795

  • 7 · Other salaries and wages

    total $1,052,064

  • 8 · Pension plan contributions

    total $115,717

  • 9 · Other employee benefits

    total $222,624

  • 10 · Payroll taxes

    total $134,874

  • 11b · Fees: legal

    total $5,058

  • 11c · Fees: accounting

    total $13,947

  • 11d · Fees: lobbying

    total $53,750

  • 11g · Fees: other

    total $66,423

  • 12 · Advertising and promotion

    total $130,162

  • 13 · Office expenses

    total $26,340

  • 14 · Information technology

    total $188,178

  • 16 · Occupancy

    total $284,000

  • 17 · Travel

    total $23,837

  • 19 · Conferences, conventions and meetings

    total $334,415

  • 22 · Depreciation, depletion and amortization

    total $23,377

  • 23 · Insurance

    total $24,366

  • 24a · Other expenses: EDUCATION AND TRAINING

    total $215,592

  • 24b · Other expenses: MEMBERSHIPS AND SUBSCRI

    total $91,275

  • 24c · Other expenses: INCOME TAX

    total $7,945

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $945,062 · end of year $1,040,502

  • 2 · Savings and temporary cash investments

    beginning of year $2,638,616 · end of year $2,966,580

  • 4 · Accounts receivable

    beginning of year $32,351 · end of year $51,440

  • 9 · Prepaid expenses and deferred charges

    beginning of year $270,442 · end of year $173,136

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

    $968,138

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

    $869,728

  • 10c · Land, buildings and equipment, net

    beginning of year $109,933 · end of year $98,410

  • 11 · Investments: publicly traded securities

    beginning of year $4,763,818 · end of year $5,059,738

  • 12 · Investments: other securities

    beginning of year $38,394 · end of year $40,509

  • 13 · Investments: program-related

    beginning of year $251,656 · end of year $251,656

  • 15 · Other assets

    beginning of year $2,466,657 · end of year $2,239,625

  • 17 · Accounts payable and accrued expenses

    beginning of year $602,073 · end of year $625,307

  • 19 · Deferred revenue

    beginning of year $764,500 · end of year $765,952

  • 25 · Other liabilities

    beginning of year $2,870,397 · end of year $2,799,257

  • 27 · Net assets without donor restrictions

    beginning of year $6,203,804 · end of year $6,654,925

  • 28 · Net assets with donor restrictions

    beginning of year $1,076,155 · end of year $1,076,155

Mission and programs · 2024

Mission

THE CORE PURPOSE OF THE LEAGUE IS TO PROVIDE INNOVATIVE IDEAS AND SOLUTIONS FOR CREDIT UNIONS AND PROMOTE AND PROTECT THE IDEALS OF MEMBER OWNERSHIP, VOLUNTEERISM, AND UNITY.

Activities or mission (Part I)

TO FOSTER THE GROWTH OF THE CREDIT UNION MOVEMENT AND TO PROMOTE COOPERATION IN ALL MATTERS OF COMMON CONCERN BY AND BETWEEN CREDIT UNIONS LOCATED IN WISCONSIN.

  • THE LEAGUE ASSISTED WITH OVER 1,100 COMPLIANCE QUESTIONS AND SENT OVER 89 NEWSLETTERS TO HELP COMPLIANCE PROS REMAIN ALERT AND ON TASK. THE LEAGUE MAINTAINED THOUSANDS OF PAGES OF COMPLIANCE RESOURCE WEBPAGES TO OFFER CURRENT AND COMPREHENSIVE GUIDANCE AND RESOURCES. THERE WERE REGULAR UPDATES OF THE LEAGUE'S 155 II RELEASES TO KEEP UP WITH STATE AND FEDERAL REGULATORY CHANGES IMPACTING CREDIT UNIONS. THE LEAGUE OFFERED FREE ACCESS TO POLICYAID, AN ONLINE LIBRARY OF MORE THAN 100 OPERATIONAL POLICIES. MANY CREDIT UNIONS RECEIVED ASSISTANCE WITH HUMAN RESOURCES QUESTIONS THROUGH THE NEW HR LEGAL LINE. THE LEAGUE PROVIDED CONSULTATION ON PREPARATION FOR EXAMS, MANAGING RISK, REDUCING COSTS, GROWING INCOME, BUDGETING, AND MORE.

  • THE LEAGUE ENGAGED MORE THAN 2,300 PARTICIPANTS THROUGH IN-PERSON AND VIRTUAL EDUCATIONAL EVENTS. THE LEAGUE CONTINUED TO BUILD AN ON-DEMAND LIBRARY OF TRAINING OPTIONS TO ALLOW PARTICIPANTS TO LEARN AT ANYTIME BY GOING ONLINE. THE LEAGUE FACILITATED ROUNDTABLE DISCUSSIONS FOR CREDIT UNIONS FOR NETWORKING AND IDEA SHARING. THE LEAGUE CONTINUED TO FOCUS ON THE YOUNG PROFESSIONALS NETWORK, A FREE CAREER DEVELOPMENT AND LEADERSHIP TRAINING PROGRAM OPEN TO CREDIT UNION STAFF AND DIRECTORS AGE 35 AND YOUNGER. 80% OF ALL WISCONSIN CREDIT UNIONS PARTICIPATED IN LEAGUE TRAINING EVENTS.

  • THE LEAGUE SPONSORED TWO MAJOR GOVERNMENT AFFAIRS CONFERENCES AND OTHER TRAINING EVENTS. THE LEAGUE EXPANDED ACCESS TO GOVERNMENT AFFAIRS CONFERENCES AND EVENTS THROUGH SCHOLARSHIPS. THE LEAGUE FURTHER DEVELOPED GRASSROOTS STRENGTH TO OVER 1,000 MEMBERS AND MADE OVER 2,900 CONTACTS TO STATE AND FEDERAL LAWMAKERS ON POLICY PRIORITIES IMPACTING CREDIT UNIONS. THE LEAGUE DEFENDED AND PROMOTED CREDIT UNIONS AND THE CREDIT UNION DIFFERENCE.

As filed on the 2024 return.

Listed in Part VII

  • Brandon Riechers

    CHAIR (THRU MAY 2024)

    Total calculated
    $0
    Hours/week
    0.3 + 0.19 related

  • Chris Moczynski

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 0.19 related

  • Kim Rooney

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Sheila Schnike

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Lora Benrud

    DIRECTOR (THRU MAY 2024)

    Total calculated
    $0
    Hours/week
    0.3 + 0.19 related

  • Tracie Wills

    DIRECTOR (THRU MAY 2024)

    Total calculated
    $0
    Hours/week
    0.3

  • Beth Krahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Val Mindak

    DIRECTOR (THRU JAN 2024)

    Total calculated
    $0
    Hours/week
    0.3

  • Sue Johnson

    TREASURER (FROM MAY 2024)

    Total calculated
    $0
    Hours/week
    0.3

  • Derek Groth

    DIRECTOR (FROM MAY 2024)

    Total calculated
    $0
    Hours/week
    0.3

  • Marianne Torkelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Charlie Zanayed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Brett Thompson

    PRESIDENT & CEO

    Total calculated
    $706,948
    From this org
    $662,164
    From related orgs
    $0
    Other
    $44,784
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $547,866
    Bonus
    $78,730
    Other
    $35,568
    Deferred
    $44,784
    Nontaxable benefits
    $0
    Filer's total
    $706,948

  • Beth Ellis

    CHIEF FINANCIAL & OPERATING OFFICER

    Total calculated
    $190,155
    From this org
    $164,372
    From related orgs
    $0
    Other
    $25,783
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $154,146
    Bonus
    $9,890
    Other
    $336
    Deferred
    $12,231
    Nontaxable benefits
    $13,552
    Filer's total
    $190,155

  • Paul Guttormsson

    SVP & GENERAL COUNSEL

    Total calculated
    $200,024
    From this org
    $166,990
    From related orgs
    $0
    Other
    $33,034
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $154,783
    Bonus
    $9,970
    Other
    $2,237
    Deferred
    $12,335
    Nontaxable benefits
    $20,699
    Filer's total
    $200,024

  • Sarah Wainscott

    SVP OF ADVOCACY

    Total calculated
    $183,167
    From this org
    $170,102
    From related orgs
    $0
    Other
    $13,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,200
    Bonus
    $9,610
    Other
    $292
    Deferred
    $11,887
    Nontaxable benefits
    $1,178
    Filer's total
    $183,167

  • Josh Roberts

    VP OF SYSTEM COLLABORATION

    Total calculated
    $116,294
    From this org
    $108,053
    From related orgs
    $0
    Other
    $8,241
    Hours/week
    40

  • Jennifer Esser

    VP OF PROFESSIONAL DEVELOPMENT

    Total calculated
    $133,330
    From this org
    $104,918
    From related orgs
    $0
    Other
    $28,412
    Hours/week
    40

  • Kim Hoppe

    DIRECTOR OF COMPLIANCE SPECIALIST PROGRAM

    Total calculated
    $143,918
    From this org
    $110,532
    From related orgs
    $0
    Other
    $33,386
    Hours/week
    26 + 14 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
WISCONSIN CREDIT UNION LEAGUE HAS ESTABLISHED A DEFERRED COMPENSATION PLAN FOR THE PRESIDENT & CEO, BRETT THOMPSON, WHICH PROVIDES PAYMENT IN ACCORDANCE WITH THE PROVISIONS OF IRC SECTION 457(F). DURING 2024, WISCONSIN CREDIT UNION LEAGUE CONTRIBUTED $63,638 TO THE 457(F) PLAN.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • WISCONSIN CREDIT UNION FOUNDATION INC

    501(C)(3) · SUPPORTING FINANCIAL EDUCATION AND WISCONSIN CREDIT UNION DEVELOPMENT · WI · controlled entity

    Directly controlled by WISCONSIN CREDIT UNION LEAGUE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WCUL SERVICES CORP

    C · SERVICES TO WISCONSIN CREDIT UNIONS · WI · 100% owned · share of income $1,885,317 · share of assets $3,429,684 · controlled entity

    Directly controlled by WISCONSIN CREDIT UNION LEAGUE

Provenance

Return type
form_990
Tax year
2024
Filed
28 April 2025
IRS schema version
2024v5.1
Source object
202521199349300237

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