Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.89x
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
73rd percentile
Higher top officer pay than 73% of similar nonprofits.
Top officer pay equals 12.4% of source-year revenue.
Asset Growth
7th percentile
Faster asset growth than 7% of similar nonprofits.
Revenue Growth
9th percentile
Faster revenue growth than 9% of similar nonprofits.
Balance Sheet
Assets
Down$26,669,657
Down $882,153 (-3.2%) from 2014
Net Assets
Up$2,895,722
Up $9,784 (+0.3%) from 2014
Liabilities
Down$23,773,935
Down $891,937 (-3.6%) from 2014
Revenue And Expenses
Revenue
Down$946,695
Down $68,238 (-6.7%) from 2014
Expenses
Down$936,875
Down $47,977 (-4.9%) from 2014
Net Income
Down$9,820
Down $20,261 (-67%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Apr 29, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $1,120,884
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 | $13,574,174 | $15,581,071 | ▲ $2,006,897 |
| Investments Program Related | $7,381,094 | $5,264,606 | ▼ $2,116,488 |
| Savings and Temporary Cash Investments | $5,744,034 | $5,217,715 | ▼ $526,319 |
| Rtn Earn Endowment Incm Other Fnds | $2,885,938 | $2,895,722 | ▲ $9,784 |
| Land, Buildings, and Equipment, Net | $328,616 | $128,436 | ▼ $200,180 |
| Cash and Non-Interest-Bearing Accounts | $162,261 | $120,031 | ▼ $42,230 |
| Prepaid Expenses and Deferred Charges | $59,130 | $50,149 | ▼ $8,981 |
| Total Assets | $27,551,810 | $26,669,657 | ▼ $882,153 |
| Other Assets Total | $302,501 | $307,649 | ▲ $5,148 |
| Liabilities | |||
| Other Liabilities | $24,580,565 | $23,665,505 | ▼ $915,060 |
| Accounts Payable and Accrued Expenses | $76,409 | $89,651 | ▲ $13,242 |
| Escrow Account Liability | $8,898 | $18,779 | ▲ $9,881 |
| Total Liabilities | $24,665,872 | $23,773,935 | ▼ $891,937 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,885,938 | $2,895,722 | ▲ $9,784 |
| Total Liabilities and Net Assets / Fund Balance | $27,551,810 | $26,669,657 | ▼ $882,153 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $38,536 | $394,898 | $433,434 |
| Buildings | $89,900 | - | $89,900 |
| Investment Program Related Org | $15,833 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Mark a Schrimpf | President | FT | $75,174 | $42,388 | $117,562 |
| Louise a Egizi | Operations M | FT | $45,976 | $38,912 | $84,888 |
Board Members and Trustees
| Name | Title |
|---|---|
| Wronald Smith | Chair |
| Russell Allen | Vice Chair |
| Katherine Allen Rubin | Director |
| Mallory Keener | Director |
| Michael Stoll | Director |
| Kathryn Nauta | Secretary |
| Doug Fritsch | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $871,775
- Investment Income
- $74,745
- Other Revenue
- $175
- Change in Net Assets
- $9,820
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $564,090 |
| Salaries, Compensation, and Employee Benefits | $372,785 |
| 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 | - | - | - | $293,248 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $121,150 |
| Other Employee Benefits | - | - | - | $107,384 |
| Other Salaries and Wages | - | - | - | $104,509 |
| Information Technology | - | - | - | $52,928 |
| Occupancy | - | - | - | $36,388 |
| Pension Plan Contributions | - | - | - | $22,474 |
| Insurance | - | - | - | $21,637 |
| Payroll Taxes | - | - | - | $17,268 |
| Depreciation Depletion | - | - | - | $16,324 |
| Advertising | - | - | - | $15,320 |
| Fees for Services Other | - | - | - | $7,909 |
| Other Expenses | - | - | - | $5,000 |
| Travel | - | - | - | $592 |
| Total Functional Expenses | $0 | $0 | $0 | $936,875 |
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 | $23,684,284 |
| To Escrow Line 21 | $-18,779 |
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, one 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 preparer who completes the return. Management reviews the return for accuracy and then authorizes preparer 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
“Bylaws available for review by request. Policys are not shared, other than privacy policy. Financial statements are posted in the lobby.”
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
- 2016-04-29
Organization Details
- Principal Officer
- Mark a Schrimpf
- Formed
- 1931
- Legal Domicile
- Wi
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 6
- Volunteers
- 8
Preparer
- Preparer
- Peter Rasmussen
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 Appendix366 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 | 76409 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 89651 |
| 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. |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6082749828 |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 120031 |
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| IRS990/CollectionsOfArtInd | 0 | false |
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| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | true |
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| IRS990/CYOtherRevenueAmt | 0 | 175 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 871775 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 9820 |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 16324 |
| IRS990/Desc | 0 | THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 161 NEW DEPOSIT ACCOUNTS IN 2015. AS OF 12/31/15 WE HAD 2,696 MEMBERS. |
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| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
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| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
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| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 18779 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 7909 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.50 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.50 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | 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 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 38912 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DOUG FRITSCH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | KATHRYN NAUTA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | KATHERINE ALLEN RUBIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MICHAEL STOLL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | MALLORY KEENER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | MARK A SCHRIMPF |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | LOUISE A EGIZI |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | 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/GainOrLossGrp/OtherAmt | 0 | -54189 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 120000 |
| IRS990/GrossReceiptsAmt | 0 | 1120884 |
| 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 | 52928 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 21637 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 128934 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 128934 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 7381094 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 5264606 |
| IRS990/IRPDocumentCnt | 0 | 802 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 394898 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 328616 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 128436 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 523334 |
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| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 174189 |
| 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. |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2895722 |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 307649 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 107384 |
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| IRS990/OtherExpensesGrp/Desc | 1 | ADDL WRITE DOWN OREO PROP |
| IRS990/OtherExpensesGrp/Desc | 2 | OREO PROPERTY EXP |
| IRS990/OtherExpensesGrp/Desc | 3 | PROVISION FOR LOAN LOSS |
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| IRS990/OtherExpensesGrp/TotalAmt | 1 | 45650 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 14664 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 5000 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 24580565 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 23665505 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 104509 |
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| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 15581071 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 17268 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 22474 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 59130 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 50149 |
| IRS990/PrincipalOfficerNm | 0 | MARK A SCHRIMPF |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522291 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 4 | 524298 |
| 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 | AUTO WARRANTY REVENUE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 683834 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 121222 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 65296 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 683834 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 121222 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 65296 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 1193 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 150 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 1193 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 1 | 150 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,696 NEW LOANS TO MEMBERS DURING 2015. AS OF 12/31/15 WE HAD 2,074 LOANS TO OUR MEMBERS. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | . |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 165168 |
| IRS990/PYOtherExpensesAmt | 0 | 617625 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 849765 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 30081 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 367227 |
| IRS990/PYTotalExpensesAmt | 0 | 984852 |
| IRS990/PYTotalRevenueAmt | 0 | 1014933 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 9820 |
| 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/RoyaltiesRevenueGrp/ExclusionAmt | 0 | 175 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 175 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 2885938 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 2895722 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 5744034 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 5217715 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 89900 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 89900 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 38536 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 394898 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 433434 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | true |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 5069021 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 1 | 179752 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 2 | 15833 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | INVESTMENTS > 1YR MATURITY |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 1 | CAPITAL ACCTS CORPORATE CU |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 2 | WISCUB CUSO |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 23684284 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | -18779 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBERS SHARES & DEPOSITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | TO ESCROW LINE 21 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND INSURANCE RELATED TO MORTGAGE LOANS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 2, PART IV, LINE 2B |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 128436 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 5264606 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 23665505 |
| 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, ONE 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 PREPARER WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE 990 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 IS COLLECTED AND REVIEWED BY BOARD OF DIRECTORS. EACH SALARY/WAGE IS APPROVED BY BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | COMPARISON DATA IS COLLECTED AND REVIEWED BY BOARD OF DIRECTORS. EACH SALARY/WAGE IS APPROVED BY BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | BYLAWS AVAILABLE FOR REVIEW BY REQUEST. POLICYS ARE NOT SHARED, OTHER THAN PRIVACY POLICY. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. |
| 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 | 27551810 |
| IRS990/TotalAssetsEOYAmt | 0 | 26669657 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 27551810 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 26669657 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 6 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 936875 |
| IRS990/TotalGrossUBIAmt | 0 | 1423 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 24665872 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 23773935 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 24665872 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 23773935 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2885938 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2895722 |
| IRS990/TotalOtherCompensationAmt | 0 | 81300 |
| IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt | 0 | 80 |
| IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt | 0 | 80 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 871775 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 121150 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 129109 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 816163 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 946695 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 1423 |
| IRS990/TotalVolunteersCnt | 0 | 8 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 27551810 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 26669657 |
| IRS990/TravelGrp/TotalAmt | 0 | 592 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | true |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | PO BOX 8003 |
| IRS990/USAddress/CityNm | 0 | MADISION |
| IRS990/USAddress/StateAbbreviationCd | 0 | WI |
| IRS990/USAddress/ZIPCd | 0 | 537088003 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | WWW.WEACU.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2016-09-27 15:27:22Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARK A SCHRIMPF |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6082749828 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-04-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | WEA CREDIT UNION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WEAC |
| ReturnHeader/Filer/EIN | 0 | 390716620 |
| ReturnHeader/Filer/PhoneNum | 0 | 6082749828 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 8003 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MADISON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 537088003 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-05-02 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | PETER RASMUSSEN |
| ReturnHeader/ReturnTs | 0 | 2016-05-02T17:40:07-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $26,669,657
- Liabilities
- $23,773,935
- Net assets
- $2,895,722
- Revenue
- $946,695
- Expenses
- $936,875
- Net income
- $9,820
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