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Nonprofiteer
← LA CROSSE BURLINGTON CREDIT UNION

Form 990 for tax year 2024

Filed by LA CROSSE BURLINGTON CREDIT UNION.

Totals

Total revenue
$351,165
Total expenses
$246,363
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$165,237
Investment income
$185,928
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$246,363

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: INTEREST ON LOANS

    total $137,282 · related or exempt $137,282

  • 2b · Program service revenue: MEMBER FEE INCOME

    total $27,955 · related or exempt $27,955

  • 3 · Investment income

    total $185,928 · excluded $185,928

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $41,581

  • 7 · Other salaries and wages

    total $2,016

  • 8 · Pension plan contributions

    total $61

  • 10 · Payroll taxes

    total $3,284

  • 11b · Fees: legal

    total $165

  • 11g · Fees: other

    total $2,451

  • 12 · Advertising and promotion

    total $378

  • 13 · Office expenses

    total $55,053

  • 16 · Occupancy

    total $5,613

  • 19 · Conferences, conventions and meetings

    total $234

  • 22 · Depreciation, depletion and amortization

    total $2,607

  • 23 · Insurance

    total $20

  • 24a · Other expenses: DIVIDENDS EXPENSE

    total $57,994

  • 24b · Other expenses: ATM & MASTERMONEY EXPEN

    total $37,567

  • 24c · Other expenses: CREDIT CARD EXPENSE

    total $10,373

  • 24d · Other expenses: PROVISION FOR LOAN LOSS

    total $8,087

  • 24e · All other expenses

    total $18,879

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $84,436 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,029,128 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $3,095,374 · end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,186 · end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $17,561 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $1,321,942 · end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $93,238 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,872

  • 25 · Other liabilities

    beginning of year $6,656,894 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $971,099 · end of year $0

Mission and programs · 2024

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 59 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 11/30/2024 WE HAD 740 MEMBERS.

    Expenses $43,662 · Revenue $27,955

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 254 NEW LOANS TO OUR MEMBERS DURING 2024. AS OF 11/30/24 WE HAD 461 LOANS TO OUR MEMBERS.

    Expenses $202,701 · Revenue $137,282

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Brye

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Koziara

    VICE CHAIR (THRU 06/24)

    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

  • Dorothy Hannon

    PRESIDENT

    Total calculated
    $41,581
    From this org
    $40,370
    From related orgs
    $0
    Other
    $1,211
    Hours/week
    55

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • CO-OP CREDIT UNION

    $1,075,901

    Liquidation · BUILDING, EQUIPMENT & ALL MEMBER RELATIONSHIPS ($8,247,265) LESS LIABILITIES AND MEMBER SHARES ($7,171,363) AT TIME OF CONSOLIDATION · Dec 1, 2024 · 501(C)(14)

Provenance

Return type
form_990
Tax year
2024
Filed
28 March 2025
IRS schema version
2024v5.1
Source object
202530929349300228

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