Civic Intelligence

Wea Credit Union

990 • Fiscal year 2014 • EIN 39-0716620

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 30, 2015

Organization ProfileWWW.WEACU.COM
PO Box 8003Madison, WI 53708-8003

(608) 274-9828

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.90x

Higher debt load relative to assets than 68% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

75th percentile

24.30x

Higher debt load relative to revenue than 75% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

30th percentile

3.0%

Higher net margin than 30% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

72nd percentile

$115,011

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

30th percentile

-0.8%

Faster asset growth than 30% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

46th percentile

-1.0%

Faster revenue growth than 46% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$27,551,810

Down $212,676 (-0.8%) from 2013

Net Assets

Up

$2,885,938

Up $30,134 (+1.1%) from 2013

Liabilities

Down

$24,665,872

Down $242,810 (-1.0%) from 2013

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin30th percentile

Revenue

Down

$1,014,933

Down $10,593 (-1.0%) from 2013

Expenses

Down

$984,852

Down $30,537 (-3.0%) from 2013

Net Income

Up

$30,081

Up $19,944 (+197%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $26,511,501Liabilities 2011: $23,675,992Net Assets 2011: $2,835,5092011Assets 2012: $27,486,953Liabilities 2012: $24,641,247Net Assets 2012: $2,845,7062012Assets 2013: $27,764,486Liabilities 2013: $24,908,682Net Assets 2013: $2,855,8042013Assets 2014: $27,551,810Liabilities 2014: $24,665,872Net Assets 2014: $2,885,9382014Assets 2015: $26,669,657Liabilities 2015: $23,773,935Net Assets 2015: $2,895,7222015Assets 2016: $26,803,077Liabilities 2016: $23,801,372Net Assets 2016: $3,001,7052016Assets 2017: $27,506,187Liabilities 2017: $24,364,165Net Assets 2017: $3,142,0222017Assets 2018: $27,179,391Liabilities 2018: $23,766,281Net Assets 2018: $3,413,1102018Assets 2019: $28,272,644Liabilities 2019: $24,637,168Net Assets 2019: $3,635,4762019Assets 2020: $32,512,944Liabilities 2020: $28,795,196Net Assets 2020: $3,717,7482020Assets 2022: $37,823,482Liabilities 2022: $33,979,650Net Assets 2022: $3,843,8322022Assets 2024: $38,313,666Liabilities 2024: $33,872,362Net Assets 2024: $4,441,3042024

Highlighted filing

2014

Assets$27,551,810
Liabilities$24,665,872
Net Assets$2,885,938
Open 2014 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2011: $1,203,951Expenses 2011: $1,195,662Net Income 2011: $8,2892011Revenue 2012: $1,057,327Expenses 2012: $1,047,156Net Income 2012: $10,1712012Revenue 2013: $1,025,526Expenses 2013: $1,015,389Net Income 2013: $10,1372013Revenue 2014: $1,014,933Expenses 2014: $984,852Net Income 2014: $30,0812014Revenue 2015: $946,695Expenses 2015: $936,875Net Income 2015: $9,8202015Revenue 2016: $1,003,503Expenses 2016: $897,495Net Income 2016: $106,0082016Revenue 2017: $1,036,900Expenses 2017: $896,560Net Income 2017: $140,3402017Revenue 2018: $1,169,435Expenses 2018: $898,349Net Income 2018: $271,0862018Revenue 2019: $1,256,055Expenses 2019: $1,033,693Net Income 2019: $222,3622019Revenue 2020: $1,113,305Expenses 2020: $1,031,034Net Income 2020: $82,2712020Revenue 2022: $1,122,821Expenses 2022: $998,924Net Income 2022: $123,8972022Revenue 2024: $1,857,966Expenses 2024: $1,510,712Net Income 2024: $347,2542024

Highlighted filing

2014

Revenue$1,014,933
Expenses$984,852
Net Income$30,081
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 30, 2015
Return Version
2014v5.0
Gross Receipts
$1,462,193
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
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$13,887,869$13,574,174▼ $313,695
Investments Program Related$8,511,341$7,381,094▼ $1,130,247
Savings and Temporary Cash Investments$4,657,467$5,744,034▲ $1,086,567
Rtn Earn Endowment Incm Other Fnds$2,855,804$2,885,938▲ $30,134
Land, Buildings, and Equipment, Net$251,809$328,616▲ $76,807
Cash and Non-Interest-Bearing Accounts$105,206$162,261▲ $57,055
Prepaid Expenses and Deferred Charges$46,721$59,130▲ $12,409
Total Assets$27,764,486$27,551,810▼ $212,676
Other Assets Total$304,073$302,501▼ $1,572
Liabilities
Other Liabilities$24,837,663$24,580,565▼ $257,098
Accounts Payable and Accrued Expenses$64,359$76,409▲ $12,050
Escrow Account Liability$6,660$8,898▲ $2,238
Total Liabilities$24,908,682$24,665,872▼ $242,810
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,855,804$2,885,938▲ $30,134
Total Liabilities and Net Assets / Fund Balance$27,764,486$27,551,810▼ $212,676

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45,140$378,574$423,714
Buildings$283,476-$283,476
Investment Program Related Org$15,833--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark a SchrimpfPresidentFT$75,421$39,590$115,011
Louise a EgiziOperations M-$46,348$36,067$82,415

Board Members and Trustees

NameTitle
Wronald SmithChair
Russell AllenVice Chair
Katherine AllenDirector
Katherine Allen RubinDirector
Mallory KeenerDirector
Michael StollDirector
Kathryn NautaSecretary
Doug FritschTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$849,765
Investment Income
$165,168
Other Revenue
$0
Change in Net Assets
$30,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$617,625
Salaries, Compensation, and Employee Benefits$367,227
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$292,964
Current Officers, Directors, Trustees, and Key Employees---$121,769
Other Salaries and Wages---$107,016
Other Employee Benefits---$98,126
Information Technology---$47,060
Occupancy---$34,279
Other Expenses---$24,000
Pension Plan Contributions---$22,795
Insurance---$20,686
Payroll Taxes---$17,521
Advertising---$14,178
Depreciation Depletion---$12,005
Fees for Services Other---$9,236
Travel---$1,083
Total Functional Expenses$0$0$0$984,852
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Shares & Deposits$24,589,463
To Escrow Line 21-
Accrued Dividends Payable$-8,898
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 accuracy and then authorizes cpa to e-file the approved return. Management reviews the 990 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 is collected and reviewed by board of directors. Each salary/wage is approved by board of directors.”

Form 990, Page 6, Part VI, Line 15B

“Comparison data is collected and reviewed by board of directors. Each salary/wage is 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

Filer Name
Wea Credit Union
EIN
39-0716620
Phone
6082749828
Address
PO BOX 8003, MADISON, WI 53708-8003

Signing Officer

Name
Mark a Schrimpf
Title
President
Phone
6082749828
Signed
2015-04-30

Organization Details

Principal Officer
Mark a Schrimpf
Formed
1931
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
8

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 and insurance related to mortgage loans.”

Raw XML Appendix369 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt064359
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt076409
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0WEA 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/TotalAmt014178
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0MARK SCHRIMPF
IRS990/BooksInCareOfDetail/PhoneNum06082749828
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt033 NOB HILL ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0MADISON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053713
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0105206
IRS990/CashNonInterestBearingGrp/EOYAmt0162261
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0121769
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0165168
IRS990/CYOtherExpensesAmt0617625
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0849765
IRS990/CYRevenuesLessExpensesAmt030081
IRS990/CYSalariesCompEmpBnftPaidAmt0367227
IRS990/CYTotalExpensesAmt0984852
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01014933
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt012005
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 86 NEW DEPOSIT ACCOUNTS IN 2014. AS OF 12/31/14 WE HAD 2,671 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt06660
IRS990/EscrowAccountLiabilityGrp/EOYAmt08898
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesOtherGrp/TotalAmt09236
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt839590
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt936067
IRS990/Form990PartVIISectionAGrp/PersonNm0DOUG FRITSCH
IRS990/Form990PartVIISectionAGrp/PersonNm1KATHRYN NAUTA
IRS990/Form990PartVIISectionAGrp/PersonNm2WRONALD SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm3RUSSELL ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm4KATHERINE ALLEN RUBIN
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL STOLL
IRS990/Form990PartVIISectionAGrp/PersonNm6MALLORY KEENER
IRS990/Form990PartVIISectionAGrp/PersonNm7KATHERINE ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm8MARK A SCHRIMPF
IRS990/Form990PartVIISectionAGrp/PersonNm9LOUISE A EGIZI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt875421
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt946348
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9OPERATIONS M
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01931
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt025619
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0472879
IRS990/GrossReceiptsAmt01462193
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt047060
IRS990/InsuranceGrp/TotalAmt020686
IRS990/InvestmentIncomeGrp/ExclusionAmt0139549
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0139549
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt08511341
IRS990/InvestmentsProgramRelatedGrp/EOYAmt07381094
IRS990/IRPDocumentCnt0791
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0378574
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0251809
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0328616
IRS990/LandBldgEquipCostOrOtherBssAmt0707190
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0447260
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0WEA 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/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02855804
IRS990/NetAssetsOrFundBalancesEOYAmt02885938
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt025619
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt025619
IRS990/NetUnrelatedBusTxblIncmAmt0-587
IRS990/NetUnrlzdGainsLossesInvstAmt053
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt034279
IRS990/OfficeExpensesGrp/TotalAmt0292964
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0304073
IRS990/OtherAssetsTotalGrp/EOYAmt0302501
IRS990/OtherEmployeeBenefitsGrp/TotalAmt098126
IRS990/OtherExpensesGrp/Desc0OREO PROPERTY EXP
IRS990/OtherExpensesGrp/Desc1DIVIDENDS PAID TO MEMBERS
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt097208
IRS990/OtherExpensesGrp/TotalAmt164926
IRS990/OtherExpensesGrp/TotalAmt224000
IRS990/OtherLiabilitiesGrp/BOYAmt024837663
IRS990/OtherLiabilitiesGrp/EOYAmt024580565
IRS990/OtherSalariesAndWagesGrp/TotalAmt0107016
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt013887869
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt013574174
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt017521
IRS990/PensionPlanContributionsGrp/TotalAmt022795
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt046721
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt059130
IRS990/PrincipalOfficerNm0MARK A SCHRIMPF
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4524298
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER MBR REALTED INCOME
IRS990/ProgramServiceRevenueGrp/Desc2ACCOUNT FEES / CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3NON MEMBER ATM FEES
IRS990/ProgramServiceRevenueGrp/Desc4AUTO WARRANTY REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0665111
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1107751
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt275733
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0665111
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1107751
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt275733
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4300
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0680
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1300
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,046 NEW LOANS TO MEMBERS DURING 2014. AS OF 12/31/14 WE HAD 2,020 LOANS TO OUR MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0132023
IRS990/PYOtherExpensesAmt0659265
IRS990/PYProgramServiceRevenueAmt0893503
IRS990/PYRevenuesLessExpensesAmt010137
IRS990/PYSalariesCompEmpBnftPaidAmt0356124
IRS990/PYTotalExpensesAmt01015389
IRS990/PYTotalRevenueAmt01025526
IRS990/ReconcilationRevenueExpnssAmt030081
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02855804
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02885938
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04657467
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05744034
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0283476
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0283476
IRS990ScheduleD/EquipmentGrp/BookValueAmt045140
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0378574
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0423714
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt07185509
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1179752
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt215833
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS > 1YR MATURITY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CAPITAL ACCTS CORPORATE CU
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2WISCUB CUSO
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024589463
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-8898
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED DIVIDENDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TO ESCROW LINE 21
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND INSURANCE RELATED TO MORTGAGE LOANS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0328616
IRS990ScheduleD/TotalBookValueProgramRltdAmt07381094
IRS990ScheduleD/TotalLiabilityAmt024580565
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WEA 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/ExplanationTxt1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 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/ExplanationTxt4MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE 990 WITH THE DIRECTORS AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH YEAR A CONFLICT OF INTEREST STATEMENT IS COMPLETED AND SIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPARISON DATA IS COLLECTED AND REVIEWED BY BOARD OF DIRECTORS. EACH SALARY/WAGE IS APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMPARISON DATA IS COLLECTED AND REVIEWED BY BOARD OF DIRECTORS. EACH SALARY/WAGE IS APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. BYLAWS AVAILABLE FOR REVIEW BY REQUEST. POLICYS ARE NOT SHARED, OTHER THAN PRIVACY POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt027764486
IRS990/TotalAssetsEOYAmt027551810
IRS990/TotalAssetsGrp/BOYAmt027764486
IRS990/TotalAssetsGrp/EOYAmt027551810
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0984852
IRS990/TotalGrossUBIAmt01170
IRS990/TotalLiabilitiesBOYAmt024908682
IRS990/TotalLiabilitiesEOYAmt024665872
IRS990/TotalLiabilitiesGrp/BOYAmt024908682
IRS990/TotalLiabilitiesGrp/EOYAmt024665872
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02855804
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02885938
IRS990/TotalOtherCompensationAmt075657
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0190
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt0190
IRS990/TotalProgramServiceRevenueAmt0849765
IRS990/TotalReportableCompFromOrgAmt0121769
IRS990/TotalRevenueGrp/ExclusionAmt0139549
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0874214
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01014933
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01170
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt027764486
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027551810
IRS990/TravelGrp/TotalAmt01083
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 8003
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd0537088003
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WEACU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK A SCHRIMPF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06082749828
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEA CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0WEAC
ReturnHeader/Filer/EIN0390716620
ReturnHeader/Filer/PhoneNum06082749828
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 8003
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0537088003
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/ReturnTs02015-05-01T17:40:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,551,810
Liabilities
$24,665,872
Net assets
$2,885,938
Revenue
$1,014,933
Expenses
$984,852
Net income
$30,081
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.3$33.9$4.44$1.86$1.51$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.8$34.0$3.84$1.12$1.00$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.5$28.8$3.72$1.11$1.03$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.3$24.6$3.64$1.26$1.03$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.2$23.8$3.41$1.17$0.90$0.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$24.4$3.14$1.04$0.90$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.8$23.8$3.00$1.00$0.90$0.11
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.7$23.8$2.90$0.95$0.94$0.01
2014Detailed filing. Detailed filing data is available for this year.$27.6$24.7$2.89$1.01$0.98$0.03
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$27.8$24.9$2.86$1.03$1.02$0.01
2012Summary only. Only limited summary data is available for this year.$27.5$24.6$2.85$1.06$1.05$0.01
2011Summary only. Only limited summary data is available for this year.$26.5$23.7$2.84$1.20$1.20$0.01