Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.90x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
27th percentile
Higher net margin than 27% of similar nonprofits.
Top Officer Pay
72nd percentile
Higher top officer pay than 72% of similar nonprofits.
Top officer pay equals 11.0% of source-year revenue.
Asset Growth
42nd percentile
Faster asset growth than 42% of similar nonprofits.
Revenue Growth
30th percentile
Faster revenue growth than 30% of similar nonprofits.
Balance Sheet
Assets
Up$27,764,486
Up $277,533 (+1.0%) from 2012
Net Assets
Up$2,855,804
Up $10,098 (+0.4%) from 2012
Liabilities
Up$24,908,682
Up $267,435 (+1.1%) from 2012
Revenue And Expenses
Revenue
Down$1,025,526
Down $31,801 (-3.0%) from 2012
Expenses
Down$1,015,389
Down $31,767 (-3.0%) from 2012
Net Income
Down$10,137
Down $34 (-0.3%) from 2012
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- Jul 11, 2014
- Return Version
- 2013v3.1
- Gross Receipts
- $1,025,526
Mission and Program Overview
Mission
Wea credit union was created and sponsored by weac for two reasons. To provide a confidential service from which members of weac can borrow money at substantially lower rates of interst than is possible from small loan companies or local lending agencies. And to furnish the opportunity for investment by members who desire to put their money in a safe and helpful business program.
Wea credit union was created and sponsored by weac for two reasons. 1. To provide a confidential service from which members of weac can borrow money at substantially lower rates of interst than is possible from small loan companies or local lending agencies. 2. To furnish the opportunity for investment by members who desire to put their money in a safe and helpful business program.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $14,623,959 | $13,887,869 | ▼ $736,090 |
| Investments Program Related | $7,955,162 | $8,511,341 | ▲ $556,179 |
| Savings and Temporary Cash Investments | $4,222,694 | $4,657,467 | ▲ $434,773 |
| Rtn Earn Endowment Incm Other Fnds | $2,845,706 | $2,855,804 | ▲ $10,098 |
| Land, Buildings, and Equipment, Net | $213,130 | $251,809 | ▲ $38,679 |
| Cash and Non-Interest-Bearing Accounts | $121,939 | $105,206 | ▼ $16,733 |
| Prepaid Expenses and Deferred Charges | $42,874 | $46,721 | ▲ $3,847 |
| Total Assets | $27,486,953 | $27,764,486 | ▲ $277,533 |
| Other Assets Total | $307,195 | $304,073 | ▼ $3,122 |
| Liabilities | |||
| Other Liabilities | $24,581,406 | $24,837,663 | ▲ $256,257 |
| Accounts Payable and Accrued Expenses | $59,841 | $64,359 | ▲ $4,518 |
| Escrow Account Liability | - | $6,660 | - |
| Total Liabilities | $24,641,247 | $24,908,682 | ▲ $267,435 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,845,706 | $2,855,804 | ▲ $10,098 |
| Total Liabilities and Net Assets / Fund Balance | $27,486,953 | $27,764,486 | ▲ $277,533 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $29,783 | $366,568 | $396,351 |
| Buildings | $222,026 | - | $222,026 |
| Investment Program Related Org | $15,833 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Mark a Schrimpf | President | FT | $74,887 | $38,027 | $112,914 |
| Louise a Egizi | Operations M | FT | $45,862 | $34,511 | $80,373 |
Board Members and Trustees
| Name | Title |
|---|---|
| Wronald Smith | Chair |
| Russell Allen | Vice Chair |
| Katherine Allen | Director |
| Mallory Keener | Director |
| Michael Stoll | Director |
| Ryan Madden | Director |
| Kathryn Nauta | Secretary |
| Doug Fritsch | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $893,503
- Investment Income
- $132,023
- Other Revenue
- $0
- Change in Net Assets
- $10,137
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $659,265 |
| Salaries, Compensation, and Employee Benefits | $356,124 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Office Expenses | - | - | - | $327,967 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $120,749 |
| Other Salaries and Wages | - | - | - | $104,706 |
| Other Employee Benefits | - | - | - | $90,969 |
| Information Technology | - | - | - | $42,066 |
| Occupancy | - | - | - | $33,580 |
| Pension Plan Contributions | - | - | - | $22,469 |
| Other Expenses | - | - | - | $21,403 |
| Insurance | - | - | - | $20,902 |
| Payroll Taxes | - | - | - | $17,231 |
| Depreciation Depletion | - | - | - | $14,931 |
| Advertising | - | - | - | $14,242 |
| Fees for Services Other | - | - | - | $5,400 |
| Travel | - | - | - | $1,087 |
| Total Functional Expenses | $0 | $0 | $0 | $1,015,389 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Members Shares & Deposits | $24,844,323 |
| To Escrow Line 21 | - |
| Accrued Dividends Payable | $-6,660 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 6
“The organization has members. To be a member, you must have a share (savings) account at the credit union.”
Form 990, Page 6, Part VI, Line 7A
“The board of directors is elected by the credit union members. Each member has one vote.”
Form 990, Page 6, Part VI, Line 7B
“A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.”
Form 990, Page 6, Part VI, Line 11B
“Management provides necessary data to independent cpa who prepares the return. Management reviews the return for possible errors and then authorizes cpa to e-file the approved return. Management reviews the return with the directors at the next board meeting.”
Form 990, Page 6, Part VI, Line 12C
“Each year a conflict of interest statement is completed and signed.”
Form 990, Page 6, Part VI, Line 15A
“Comparison data collected and reviewed by board of directors. Each salary/wage approved by board of directors.”
Form 990, Page 6, Part VI, Line 15B
“Comparison data collected and reviewed by board of directors. Each salary/wage approved by board of directors.”
Form 990, Page 6, Part VI, Line 19
“Financial statements are posted in the lobby. Bylaws available for review by request. Policys are not shared, other than privacy policy.”
Filing and Contact Details
Filer
- EIN
- 39-0716620
- Phone
- 6082749828
Signing Officer
- Name
- Mark a Schrimpf
- Title
- President
- Phone
- 6082749828
- Signed
- 2014-07-11
Organization Details
- Principal Officer
- Mark a Schrimpf
- Formed
- 1931
- Legal Domicile
- Wi
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 8
- Volunteers
- 2
Preparer
- Preparer
- Brent Wookey CPA
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“Wea credit union was created and sponsored by weac for two reasons. 1. To provide a confidential service from which members of weac can borrow money at substantially lower rates of interst than is possible from small loan companies or local lending agencies. 2. To furnish the opportunity for investment by members who desire to put their money in a safe and helpful business program.”
Financial Statement Notes
Schedule D, Page 2, Part IV, Line 2B
“The credit union holds funds in escrow accounts for property taxes related to mortgage loans.”
Raw XML Appendix364 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 59841 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 64359 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | WEA CREDIT UNION WAS CREATED AND SPONSORED BY WEAC FOR TWO REASONS. 1. TO PROVIDE A CONFIDENTIAL SERVICE FROM WHICH MEMBERS OF WEAC CAN BORROW MONEY AT SUBSTANTIALLY LOWER RATES OF INTERST THAN IS POSSIBLE FROM SMALL LOAN COMPANIES OR LOCAL LENDING AGENCIES. 2. TO FURNISH THE OPPORTUNITY FOR INVESTMENT BY MEMBERS WHO DESIRE TO PUT THEIR MONEY IN A SAFE AND HELPFUL BUSINESS PROGRAM. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 14242 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | MARK SCHRIMPF |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6082749828 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 33 NOB HILL ROAD |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | MADISON |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | WI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 53713 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 105206 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 120749 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
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| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | true |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 132023 |
| IRS990/CYOtherExpensesAmt | 0 | 659265 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 893503 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 10137 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 356124 |
| IRS990/CYTotalExpensesAmt | 0 | 1015389 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1025526 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 14931 |
| IRS990/Desc | 0 | THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 101 NEW DEPOSIT ACCOUNTS IN 2013. AS OF 12/31/13 WE HAD 2,747 MEMBERS. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 8 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 6660 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 5400 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.50 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.50 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 40.00 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 38027 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 34511 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DOUG FRITSCH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KATHRYN NAUTA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | WRONALD SMITH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | RUSSELL ALLEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | RYAN MADDEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MICHAEL STOLL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | MALLORY KEENER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | KATHERINE ALLEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | MARK A SCHRIMPF |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | LOUISE A EGIZI |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 45862 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | OPERATIONS M |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/Form990TFiledInd | 0 | true |
| IRS990/FormationYr | 0 | 1931 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1025526 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 42066 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 20902 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 132023 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 132023 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 7955162 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 8511341 |
| IRS990/IRPDocumentCnt | 0 | 715 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 366568 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 213130 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 251809 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 618377 |
| IRS990/LegalDomicileStateCd | 0 | WI |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | WEA CREDIT UNION WAS CREATED AND SPONSORED BY WEAC FOR TWO REASONS. 1. TO PROVIDE A CONFIDENTIAL SERVICE FROM WHICH MEMBERS OF WEAC CAN BORROW MONEY AT SUBSTANTIALLY LOWER RATES OF INTERST THAN IS POSSIBLE FROM SMALL LOAN COMPANIES OR LOCAL LENDING AGENCIES. 2. TO FURNISH THE OPPORTUNITY FOR INVESTMENT BY MEMBERS WHO DESIRE TO PUT THEIR MONEY IN A SAFE AND HELPFUL BUSINESS PROGRAM. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2845706 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2855804 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -1417 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -39 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 33580 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 327967 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 304073 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 90969 |
| IRS990/OtherExpensesGrp/Desc | 0 | DIVIDENDS PAID TO MEMBERS |
| IRS990/OtherExpensesGrp/Desc | 1 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/Desc | 2 | ADD'L WRITEDOWN OF OREO |
| IRS990/OtherExpensesGrp/Desc | 3 | NCUA ASSESSMENTS EXP |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 80553 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 67000 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 30134 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 21403 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 24581406 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 24837663 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 104706 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 14623959 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 13887869 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 17231 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 22469 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 42874 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 46721 |
| IRS990/PrincipalOfficerNm | 0 | MARK A SCHRIMPF |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 519100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 4 | 519100 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INTEREST ON LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | OTHER MBR REALTED INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | ACCOUNT FEES / CHARGES |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | NON MEMBER ATM FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | NON MEMBER CHECK CASHING FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 689141 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 116546 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 86747 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 689141 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 116546 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 86747 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 819 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 250 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 819 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 1 | 250 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,153 NEW LOANS DURING 2013. AS OF 12/31/13 WE HAD 1,994 LOANS TO OUR MEMBERS. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | . |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 123587 |
| IRS990/PYOtherExpensesAmt | 0 | 670257 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 933740 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 10171 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 376899 |
| IRS990/PYTotalExpensesAmt | 0 | 1047156 |
| IRS990/PYTotalRevenueAmt | 0 | 1057327 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 10137 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | true |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 2845706 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 2855804 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 4222694 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 4657467 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 222026 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 222026 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 29783 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 366568 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 396351 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | true |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 8315756 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 1 | 179752 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 2 | 15833 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | INVESTMENTS > 1YR MATURITY |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 1 | CAPITAL ACCTS CORPORATE FCU |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 2 | WISCUB CUSO |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 24844323 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | -6660 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBERS SHARES & DEPOSITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | ACCRUED DIVIDENDS PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | TO ESCROW LINE 21 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES RELATED TO MORTGAGE LOANS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 2, PART IV, LINE 2B |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 251809 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 8511341 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 24837663 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | WEA CREDIT UNION WAS CREATED AND SPONSORED BY WEAC FOR TWO REASONS. 1. TO PROVIDE A CONFIDENTIAL SERVICE FROM WHICH MEMBERS OF WEAC CAN BORROW MONEY AT SUBSTANTIALLY LOWER RATES OF INTERST THAN IS POSSIBLE FROM SMALL LOAN COMPANIES OR LOCAL LENDING AGENCIES. 2. TO FURNISH THE OPPORTUNITY FOR INVESTMENT BY MEMBERS WHO DESIRE TO PUT THEIR MONEY IN A SAFE AND HELPFUL BUSINESS PROGRAM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR POSSIBLE ERRORS AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE DIRECTORS AT THE NEXT BOARD MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | EACH YEAR A CONFLICT OF INTEREST STATEMENT IS COMPLETED AND SIGNED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | COMPARISON DATA COLLECTED AND REVIEWED BY BOARD OF DIRECTORS. EACH SALARY/WAGE APPROVED BY BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | COMPARISON DATA COLLECTED AND REVIEWED BY BOARD OF DIRECTORS. EACH SALARY/WAGE APPROVED BY BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. BYLAWS AVAILABLE FOR REVIEW BY REQUEST. POLICYS ARE NOT SHARED, OTHER THAN PRIVACY POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 27486953 |
| IRS990/TotalAssetsEOYAmt | 0 | 27764486 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 27486953 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 27764486 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 8 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1015389 |
| IRS990/TotalGrossUBIAmt | 0 | 1069 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 24641247 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 24908682 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 24641247 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 24908682 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2845706 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2855804 |
| IRS990/TotalOtherCompensationAmt | 0 | 72538 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 893503 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 120749 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 132023 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 892434 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1025526 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 1069 |
| IRS990/TotalVolunteersCnt | 0 | 2 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 27486953 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 27764486 |
| IRS990/TravelGrp/TotalAmt | 0 | 1087 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | true |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1 | 0 | PO BOX 8003 |
| IRS990/USAddress/City | 0 | MADISON |
| IRS990/USAddress/State | 0 | WI |
| IRS990/USAddress/ZIPCode | 0 | 537088003 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | WWW.WEACU.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARK A SCHRIMPF |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6082749828 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-07-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | WEA CREDIT UNION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WEAC |
| ReturnHeader/Filer/EIN | 0 | 390716620 |
| ReturnHeader/Filer/PhoneNum | 0 | 6082749828 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | PO BOX 8003 |
| ReturnHeader/Filer/USAddress/City | 0 | MADISON |
| ReturnHeader/Filer/USAddress/State | 0 | WI |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 537088003 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2014-07-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BRENT WOOKEY CPA |
| ReturnHeader/ReturnTs | 0 | 2014-07-17T12:29:00-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2013-12-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $27,764,486
- Liabilities
- $24,908,682
- Net assets
- $2,855,804
- Revenue
- $1,025,526
- Expenses
- $1,015,389
- Net income
- $10,137