Totals
- Total revenue
- $23,802,447
- Total expenses
- $23,250,312
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $20,040,330
- Investment income
- $3,764,167
- Other revenue
- -$2,050
- Total assets, end of year
- $364,845,312
- Total liabilities, end of year
- $333,831,615
- Net assets or fund balances, end of year
- $31,013,697
- 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: INTEREST ON LOANS
total $15,749,386 · related or exempt $15,749,386
-
2b · Program service revenue: INTERCHANGE INCOME
total $1,751,387 · related or exempt $1,751,387
-
2c · Program service revenue: FEE INCOME
total $1,318,710 · related or exempt $1,306,635 · unrelated business $12,075
-
2d · Program service revenue: COMMISSIONS
total $949,186 · related or exempt $941,721 · unrelated business $7,465
-
2e · Program service revenue: OTHER OPERATING REVENUE
total $271,661 · related or exempt $271,661
-
3 · Investment income
total $3,763,167 · related or exempt $20,620 · excluded $3,742,547
-
6a · Gross rents
real property -$2,050
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property -$2,050
-
6d · Net rental income or loss
total -$2,050 · related or exempt -$676 · unrelated business -$1,374
-
7a · Gross sales of assets other than inventory
other assets $1,000
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $1,000
-
7d · Net gain or loss
total $1,000 · related or exempt $1,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,381,690
-
7 · Other salaries and wages
total $4,905,548
-
8 · Pension plan contributions
total $398,941
-
9 · Other employee benefits
total $1,045,548
-
10 · Payroll taxes
total $484,164
-
11a · Fees: management
total $166,173
-
11b · Fees: legal
total $36,478
-
11c · Fees: accounting
total $80,246
-
12 · Advertising and promotion
total $659,623
-
13 · Office expenses
total $817,636
-
14 · Information technology
total $1,063,330
-
16 · Occupancy
total $561,334
-
17 · Travel
total $15,483
-
19 · Conferences, conventions and meetings
total $500
-
20 · Interest
total $3,369,040
-
22 · Depreciation, depletion and amortization
total $594,681
-
23 · Insurance
total $52,026
-
24a · Other expenses: DIVIDEND EXPENSES
total $4,190,792
-
24b · Other expenses: SERVICE CHARGES
total $1,270,349
-
24c · Other expenses: LOAN SERVICING EXPENSE
total $1,000,300
-
24d · Other expenses: PROVISION FOR LOAN LOSS
total $885,393
-
24e · All other expenses
total $271,037
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,385,335 · end of year $5,237,118
-
2 · Savings and temporary cash investments
beginning of year $16,022,997 · end of year $18,663,076
-
4 · Accounts receivable
beginning of year $230,866 · end of year $2,655,559
-
5 · Loans and receivables from officers and key people
beginning of year $1,201,640 · end of year $1,612,257
-
7 · Other notes and loans receivable
beginning of year $315,280,847 · end of year $303,775,244
-
9 · Prepaid expenses and deferred charges
beginning of year $275,683 · end of year $212,544
-
10a · Land, buildings and equipment: cost or other basis
$14,407,022
-
10b · Land, buildings and equipment: accumulated depreciation
$5,435,747
-
10c · Land, buildings and equipment, net
beginning of year $9,245,561 · end of year $8,971,275
-
11 · Investments: publicly traded securities
beginning of year $11,183,757 · end of year $10,998,287
-
12 · Investments: other securities
beginning of year $5,957,055 · end of year $119,805
-
13 · Investments: program-related
beginning of year $5,757,713 · end of year $5,418,084
-
15 · Other assets
beginning of year $6,142,340 · end of year $7,182,063
-
17 · Accounts payable and accrued expenses
beginning of year $7,579,940 · end of year $4,967,862
-
19 · Deferred revenue
beginning of year $0 · end of year $10,986
-
23 · Secured mortgages and notes payable
beginning of year $21,500,000 · end of year $15,000,000
-
25 · Other liabilities
beginning of year $317,630,652 · end of year $313,852,767
-
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 $29,973,202 · end of year $31,013,697
Mission and programs · 2024
Mission
SEE SCHEDULE O
Activities or mission (Part I)
A MEMBER-OWNED, NOT-FOR-PROFIT, COOPERATIVE FINANCIAL INSTITUTION.
-
THE ORGANIZATION OPERATES AS A FINANCIAL COOPERATIVE SERVING AND OWNED BY ITS MEMBERS.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scott BarrSCOTT BARR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tom CliffordTOM CLIFFORD
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Lindsey FenlonLINDSEY FENLON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jill RonkJILL RONK
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Jill UitenbroekJILL UITENBROEK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Beau AshtonBEAU ASHTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Melissa BublitzMELISSA BUBLITZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian RhodesBRIAN RHODES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tim McAdowTIM MCADOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sheila SchinkeSHEILA SCHINKE
CEO
- Total calculated
- $609,216
- From this org
- $501,977
- From related orgs
- $0
- Other
- $107,239
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $462,975
- Bonus
- $39,002
- Other
- $0
- Deferred
- $64,222
- Nontaxable benefits
- $43,017
- Filer's total
- $609,216
-
Michelle McClellandMICHELLE MCCLELLAND
CFO
- Total calculated
- $340,579
- From this org
- $257,954
- From related orgs
- $0
- Other
- $82,625
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $241,305
- Bonus
- $16,649
- Other
- $0
- Deferred
- $39,961
- Nontaxable benefits
- $42,664
- Filer's total
- $340,579
-
Kristina FloresKRISTINA FLORES
CXO
- Total calculated
- $199,382
- From this org
- $171,622
- From related orgs
- $0
- Other
- $27,760
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,147
- Bonus
- $9,475
- Other
- $0
- Deferred
- $27,540
- Nontaxable benefits
- $220
- Filer's total
- $199,382
-
Kari ChristophKARI CHRISTOPH
CHRO
- Total calculated
- $232,272
- From this org
- $208,605
- From related orgs
- $0
- Other
- $23,667
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,539
- Bonus
- $7,066
- Other
- $0
- Deferred
- $13,113
- Nontaxable benefits
- $10,554
- Filer's total
- $232,272
-
Todd ThielTODD THIEL
CDTO
- Total calculated
- $278,493
- From this org
- $241,532
- From related orgs
- $0
- Other
- $36,961
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $232,641
- Bonus
- $8,891
- Other
- $0
- Deferred
- $34,834
- Nontaxable benefits
- $2,127
- Filer's total
- $278,493
-
Jerome RamusJEROME RAMUS
VP COMMERCIAL LENDING
- Total calculated
- $134,050
- From this org
- $130,756
- From related orgs
- $0
- Other
- $3,294
- Hours/week
- 40
-
Shonna PricketteSHONNA PRICKETTE
VP DIGITAL SERVICES
- Total calculated
- $141,558
- From this org
- $117,611
- From related orgs
- $0
- Other
- $23,947
- Hours/week
- 40
-
Kyle CourtneyKYLE COURTNEY
FINANCIAL ADVISOR
- Total calculated
- $134,317
- From this org
- $118,282
- From related orgs
- $0
- Other
- $16,035
- Hours/week
- 40
-
Matt CooperMATT COOPER
DIRECTOR OF MEMBER SOLUTIONS
- Total calculated
- $114,454
- From this org
- $112,137
- From related orgs
- $0
- Other
- $2,317
- Hours/week
- 40
-
Mark DorsettMARK DORSETT
DIRECTOR OF IT
- Total calculated
- $129,833
- From this org
- $107,055
- From related orgs
- $0
- Other
- $22,778
- Hours/week
- 40
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
- 1a · Tax indemnification and gross-up payments
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 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
- $45,000 WAS CONTRIBUTED TO A DEFERRED COMPENSATION 457(F) PLAN FOR SHEILA SCHINKE, CEO. THE CREDIT UNION PAID $225,000 TO SHEILA FROM THE 457(F) PLAN DURING THE YEAR ENDED DECEMBER 31, 2024. $99,574 WAS CONTRIBUTED TO A DEFERRED COMPENSATION 457(F) PLANS FOR MICHELLE MCCLELLAND (CFO), KRISTI FLORES (CXO), KARI CHRISTOPH (CHRO), AND TODD THIEL (CDTO). THE CREDIT UNION PAID OUT $211,731 FROM 457(F) PLANS TO KARI AND MICHELLE DURING THE YEAR ENDED DECEMBER 31, 2024. AS OF DECEMBER 31, 2024, THE CREDIT UNION HAS RECORDED AN ACCRUED LIABILITY TOTALING $172,531 RELATED TO THE 457(F) DEFERRED COMPENSATION PLANS. IN ADDITION, THE CREDIT UNION HAS ESTABLISHED A DEFERRED COMPENSATION 457(B) PLAN FOR CERTAIN KEY EMPLOYEES THAT IS EMPLOYEE FUNDED. THIS PLAN HAD AN ACCRUED BALANCE OF $403,692 AS OF DECEMBER 31, 2024.
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
No itemized grants to organizations on this return.
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.
-
CREDIT UNION FINANCIAL RESOURCES CORPORATION
C · FINANCIAL SERVICES · WI · 100% owned · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543219349307394
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