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Nonprofiteer
← LA CROSSE BURLINGTON CREDIT UNION

Form 990 for tax year 2023

Filed by LA CROSSE BURLINGTON CREDIT UNION.

Totals

Total revenue
$333,242
Total expenses
$258,120
Contributions and grants received
$6,680
Grants paid
$0
Program service revenue
$148,896
Investment income
$177,666
Other revenue
$0
Total assets, end of year
$7,651,865
Total liabilities, end of year
$6,680,766
Net assets or fund balances, end of year
$971,099
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

    $6,680

  • 2a · Program service revenue: INTEREST ON LOANS

    total $115,873 · related or exempt $115,873

  • 2b · Program service revenue: MEMBER FEE INCOME

    total $33,023 · related or exempt $33,023

  • 3 · Investment income

    total $177,666 · excluded $177,666

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $36,502

  • 8 · Pension plan contributions

    total $1,095

  • 10 · Payroll taxes

    total $2,842

  • 11c · Fees: accounting

    total $4,560

  • 12 · Advertising and promotion

    total $481

  • 13 · Office expenses

    total $109,745

  • 14 · Information technology

    total $26,657

  • 16 · Occupancy

    total $7,101

  • 19 · Conferences, conventions and meetings

    total $1,157

  • 22 · Depreciation, depletion and amortization

    total $5,337

  • 23 · Insurance

    total $11,817

  • 24a · Other expenses: PROVISION LOAN LOSS

    total $27,700

  • 24b · Other expenses: DIVIDENDS EXPENSES

    total $23,126

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,466 · end of year $84,436

  • 2 · Savings and temporary cash investments

    beginning of year $3,853,458 · end of year $3,029,128

  • 7 · Other notes and loans receivable

    beginning of year $2,564,844 · end of year $3,095,374

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,007 · end of year $10,186

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

    $229,124

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

    $211,563

  • 10c · Land, buildings and equipment, net

    beginning of year $18,997 · end of year $17,561

  • 13 · Investments: program-related

    beginning of year $1,269,942 · end of year $1,321,942

  • 15 · Other assets

    beginning of year $89,996 · end of year $93,238

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,653 · end of year $23,872

  • 25 · Other liabilities

    beginning of year $7,010,080 · end of year $6,656,894

  • 31 · Retained earnings, endowment or other funds

    beginning of year $895,977 · end of year $971,099

Mission and programs · 2023

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 118 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 915 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 304 NEW LOANS TO OUR MEMBERS DURING 2023. AS OF 12/31/23 WE HAD 338 LOANS TO OUR MEMBERS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dorothy Hannon

    PRESIDENT

    Total calculated
    $37,597
    From this org
    $36,502
    From related orgs
    $0
    Other
    $1,095
    Hours/week
    55

  • Andrew Brye

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Koziara

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Emest Komperud III

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Paul Matl

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charles Dillon

    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
2023
Filed
13 October 2024
IRS schema version
2023v5.0
Source object
202403199349313670

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