Civic Intelligence

Wea Credit Union

990 • Fiscal year 2020 • EIN 39-0716620

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 13, 2021

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

56th percentile

0.89x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

25.86x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Net Margin

42nd percentile

7.4%

Higher net margin than 42% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$134,821

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Asset Growth

53rd percentile

15%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-11%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$32,512,944

Up $4,240,300 (+15%) from 2019

Net Assets

Up

$3,717,748

Up $82,272 (+2.3%) from 2019

Liabilities

Up

$28,795,196

Up $4,158,028 (+17%) from 2019

Revenue

Down

$1,113,305

Down $142,750 (-11%) from 2019

Expenses

Down

$1,031,034

Down $2,659 (-0.3%) from 2019

Net Income

Down

$82,271

Down $140,091 (-63%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$32,512,944
Liabilities$28,795,196
Net Assets$3,717,748

Operations Trend

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

2020

Revenue$1,113,305
Expenses$1,031,034
Net Income$82,271
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 13, 2021
Return Version
2020v4.0
Gross Receipts
$1,113,305
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$17,223,768$17,837,727▲ $613,959
Savings and Temporary Cash Investments$6,496,200$9,129,570▲ $2,633,370
Investments Program Related$4,028,920$5,037,854▲ $1,008,934
Rtn Earn Endowment Incm Other Fnds$3,635,476$3,717,748▲ $82,272
Cash and Non-Interest-Bearing Accounts$120,541$123,349▲ $2,808
Prepaid Expenses and Deferred Charges$64,678$50,225▼ $14,453
Land, Buildings, and Equipment, Net$51,605$46,912▼ $4,693
Total Assets$28,272,644$32,512,944▲ $4,240,300
Other Assets Total$286,932$287,307▲ $375
Liabilities
Other Liabilities$24,590,900$28,713,702▲ $4,122,802
Accounts Payable and Accrued Expenses$28,873$53,057▲ $24,184
Escrow Account Liability$17,395$28,437▲ $11,042
Total Liabilities$24,637,168$28,795,196▲ $4,158,028
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,635,476$3,717,748▲ $82,272
Total Liabilities and Net Assets / Fund Balance$28,272,644$32,512,944▲ $4,240,300

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$46,912$346,547$393,459
Investment Program Related Org$269--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark a SchrimpfPresidentFT$87,209$47,612$134,821
Jodie NowakowskiOperations MFT$43,750$24,074$67,824

Board Members and Trustees

NameTitle
Russell AllenChair
Terrance CraneyVice Chair
Joanne FitzgeraldDirector
Michael StollDirector
Ross HamptonDirector
Kathryn NautaSecretary
Doug FritschTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$919,069
Investment Income
$192,009
Other Revenue
$2,227
Change in Net Assets
$82,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$653,525
Salaries, Compensation, and Employee Benefits$377,009
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$291,188
Current Officers, Directors, Trustees, and Key Employees---$130,959
Other Salaries and Wages---$120,501
Other Employee Benefits---$81,532
Advertising---$68,173
Information Technology---$67,830
Other Expenses---$64,850
Occupancy---$32,904
Pension Plan Contributions---$24,818
Insurance---$22,677
Payroll Taxes---$19,199
Depreciation Depletion---$11,746
Fees for Services Accounting---$9,660
Conferences and Meetings---$2,247
Grants to Domestic Orgs---$500
Travel---$96
Total Functional Expenses$0$0$0$1,031,034
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$28,742,139
To Escrow Line 21 Bal Sheet$-28,437
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 35% controlled entity
No
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

A conflict of interest statement is completed and signed each year.

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

Comparison data is collected and reviewed by board of directors. The president's compensation 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 employee's salary/wage is approved by board of directors.

Form 990, Page 6, Part VI, Line 19

Financial statements are posted in the lobby. Bylaws are 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
2021-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark a Schrimpf
Formed
1931
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
9
Volunteers
9

Preparer

Firm
Audit Threesixty
Address
1202 JOHNSON ST, ONALASKA, WI 54650-2008
Preparer
Peter Rasmussen
Phone
6083173765
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 Appendix372 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/BOYAmt028873
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt053057
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/TotalAmt068173
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0MARK A SCHRIMPF
IRS990/BooksInCareOfDetail/PhoneNum06082749828
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 8003
IRS990/BooksInCareOfDetail/USAddress/CityNm0MADISION
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0537088003
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0120541
IRS990/CashNonInterestBearingGrp/EOYAmt0123349
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0130959
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt02247
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0500
IRS990/CYInvestmentIncomeAmt0192009
IRS990/CYOtherExpensesAmt0653525
IRS990/CYOtherRevenueAmt02227
IRS990/CYProgramServiceRevenueAmt0919069
IRS990/CYRevenuesLessExpensesAmt082271
IRS990/CYSalariesCompEmpBnftPaidAmt0377009
IRS990/CYTotalExpensesAmt01031034
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01113305
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt011746
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 180 NEW DEPOSIT ACCOUNTS IN 2020. AS OF 12/31/20 WE HAD 2,748 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt017395
IRS990/EscrowAccountLiabilityGrp/EOYAmt028437
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt09660
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt050.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt047612
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt124074
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK A SCHRIMPF
IRS990/Form990PartVIISectionAGrp/PersonNm1JODIE NOWAKOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm2RUSSELL ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm3TERRANCE CRANEY
IRS990/Form990PartVIISectionAGrp/PersonNm4DOUG FRITSCH
IRS990/Form990PartVIISectionAGrp/PersonNm5KATHRYN NAUTA
IRS990/Form990PartVIISectionAGrp/PersonNm6JOANNE FITZGERALD
IRS990/Form990PartVIISectionAGrp/PersonNm7ROSS HAMPTON
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL STOLL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt087209
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt143750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1OPERATIONS M
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01931
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0500
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01113305
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt067830
IRS990/InsuranceGrp/TotalAmt022677
IRS990/InvestmentIncomeGrp/ExclusionAmt0192009
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0192009
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt04028920
IRS990/InvestmentsProgramRelatedGrp/EOYAmt05037854
IRS990/IRPDocumentCnt0925
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0346547
IRS990/LandBldgEquipBasisNetGrp/BOYAmt051605
IRS990/LandBldgEquipBasisNetGrp/EOYAmt046912
IRS990/LandBldgEquipCostOrOtherBssAmt0393459
IRS990/LegalDomicileStateCd0WI
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/NetAssetsOrFundBalancesBOYAmt03635476
IRS990/NetAssetsOrFundBalancesEOYAmt03717748
IRS990/NetUnrlzdGainsLossesInvstAmt01
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt032904
IRS990/OfficeExpensesGrp/TotalAmt0291188
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0286932
IRS990/OtherAssetsTotalGrp/EOYAmt0287307
IRS990/OtherEmployeeBenefitsGrp/TotalAmt081532
IRS990/OtherExpensesGrp/Desc0DIVIDENDS EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt082154
IRS990/OtherExpensesGrp/TotalAmt164850
IRS990/OtherLiabilitiesGrp/BOYAmt024590900
IRS990/OtherLiabilitiesGrp/EOYAmt028713702
IRS990/OtherSalariesAndWagesGrp/TotalAmt0120501
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt017223768
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt017837727
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt019199
IRS990/PensionPlanContributionsGrp/TotalAmt024818
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064678
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050225
IRS990/PrincipalOfficerNm0MARK A SCHRIMPF
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3520000
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER MBR REALTED INCOME
IRS990/ProgramServiceRevenueGrp/Desc2ACCOUNT FEES / CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3FEE & INSURANCE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0783750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt195324
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt239284
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0783750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt195324
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239284
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3711
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0711
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,320 NEW LOANS TO MEMBERS DURING 2020. AS OF 12/31/20 WE HAD 1,964 LOANS TO OUR MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0260188
IRS990/PYOtherExpensesAmt0663766
IRS990/PYOtherRevenueAmt01985
IRS990/PYProgramServiceRevenueAmt0993882
IRS990/PYRevenuesLessExpensesAmt0222362
IRS990/PYSalariesCompEmpBnftPaidAmt0369927
IRS990/PYTotalExpensesAmt01033693
IRS990/PYTotalRevenueAmt01256055
IRS990/ReconcilationRevenueExpnssAmt082271
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesRevenueGrp/ExclusionAmt02227
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt02227
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03635476
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03717748
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06496200
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09129570
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt046912
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0346547
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0393459
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt04842000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1179752
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt215833
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3269
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS WITH MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CAPITAL ACCTS CORPORATE CU
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2WISCUB CUSO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3AFS SECURITIES W/ MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3F
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028742139
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-28437
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TO ESCROW LINE 21 BAL SHEET
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/TotalBookValueLandBuildingsAmt046912
IRS990ScheduleD/TotalBookValueProgramRltdAmt05037854
IRS990ScheduleD/TotalLiabilityAmt028713702
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 ONE 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 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/ExplanationTxt5A CONFLICT OF INTEREST STATEMENT IS COMPLETED AND SIGNED EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPARISON DATA IS COLLECTED AND REVIEWED BY BOARD OF DIRECTORS. THE PRESIDENT'S COMPENSATION IS APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMPARISON DATA IS COLLECTED AND REVIEWED BY BOARD OF DIRECTORS. EACH EMPLOYEE'S SALARY/WAGE IS APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. BYLAWS ARE 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt028272644
IRS990/TotalAssetsEOYAmt032512944
IRS990/TotalAssetsGrp/BOYAmt028272644
IRS990/TotalAssetsGrp/EOYAmt032512944
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01031034
IRS990/TotalGrossUBIAmt0711
IRS990/TotalLiabilitiesBOYAmt024637168
IRS990/TotalLiabilitiesEOYAmt028795196
IRS990/TotalLiabilitiesGrp/BOYAmt024637168
IRS990/TotalLiabilitiesGrp/EOYAmt028795196
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03635476
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03717748
IRS990/TotalOtherCompensationAmt071686
IRS990/TotalProgramServiceRevenueAmt0919069
IRS990/TotalReportableCompFromOrgAmt0130959
IRS990/TotalRevenueGrp/ExclusionAmt0194236
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0918358
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01113305
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0711
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028272644
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt032512944
IRS990/TravelGrp/TotalAmt096
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 8003
IRS990/USAddress/CityNm0MADISION
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd0537088003
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WEACU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK A SCHRIMPF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06082749828
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-13
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/PreparerFirmGrp/PreparerFirmEIN0811697509
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AUDIT THREESIXTY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01202 JOHNSON ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ONALASKA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0546502008
ReturnHeader/PreparerPersonGrp/PhoneNum06083173765
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER RASMUSSEN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-04-15T16:03:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHRIMPF
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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.
2020Detailed filing. Detailed filing data is available for this year.$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
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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