Civic Intelligence

Wea Credit Union

990 • Fiscal year 2021 • EIN 39-0716620

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 22, 2022

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

64th percentile

0.90x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

32.73x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Net Margin

18th percentile

0.2%

Higher net margin than 18% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

79th percentile

$135,368

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

21st percentile

-9.9%

Faster revenue growth than 21% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$36,531,138

Up $4,018,194 (+12%) from 2020

Net Assets

Up

$3,719,935

Up $2,187 (+0.1%) from 2020

Liabilities

Up

$32,811,203

Up $4,016,007 (+14%) from 2020

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin18th percentile

Revenue

Down

$1,002,547

Down $110,758 (-9.9%) from 2020

Expenses

Down

$1,000,361

Down $30,673 (-3.0%) from 2020

Net Income

Down

$2,186

Down $80,085 (-97%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth74th 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 2021: $36,531,138Liabilities 2021: $32,811,203Net Assets 2021: $3,719,9352021Assets 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

2021

Assets$36,531,138
Liabilities$32,811,203
Net Assets$3,719,935
Open 2021 Filing

Operations Trend

Revenue Growth21st 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 2021: $1,002,547Expenses 2021: $1,000,361Net Income 2021: $2,1862021Revenue 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

2021

Revenue$1,002,547
Expenses$1,000,361
Net Income$2,186
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 22, 2022
Return Version
2021v4.0
Gross Receipts
$1,032,272
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$17,837,727$18,374,779▲ $537,052
Investments Program Related$5,037,854$9,509,217▲ $4,471,363
Savings and Temporary Cash Investments$9,129,570$8,106,903▼ $1,022,667
Rtn Earn Endowment Incm Other Fnds$3,717,748$3,719,935▲ $2,187
Cash and Non-Interest-Bearing Accounts$123,349$107,655▼ $15,694
Prepaid Expenses and Deferred Charges$50,225$67,510▲ $17,285
Land, Buildings, and Equipment, Net$46,912$38,026▼ $8,886
Total Assets$32,512,944$36,531,138▲ $4,018,194
Other Assets Total$287,307$327,048▲ $39,741
Liabilities
Other Liabilities$28,713,702$32,648,636▲ $3,934,934
Accounts Payable and Accrued Expenses$53,057$120,015▲ $66,958
Escrow Account Liability$28,437$42,552▲ $14,115
Total Liabilities$28,795,196$32,811,203▲ $4,016,007
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,717,748$3,719,935▲ $2,187
Total Liabilities and Net Assets / Fund Balance$32,512,944$36,531,138▲ $4,018,194

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,026$357,299$395,325
Investment Program Related Org$203--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark a SchrimpfPresidentFT$86,286$49,082$135,368
Jodie NowakowskiOperations MFT$41,178$45,098$86,276

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
$847,667
Investment Income
$152,463
Other Revenue
$2,417
Change in Net Assets
$2,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$588,985
Salaries, Compensation, and Employee Benefits$411,126
Grants and Similar Amounts Paid$250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$280,789
Current Officers, Directors, Trustees, and Key Employees---$127,464
Other Salaries and Wages---$122,338
Other Employee Benefits---$117,525
Information Technology---$74,450
Advertising---$68,345
Occupancy---$32,904
Pension Plan Contributions---$24,965
Insurance---$24,275
Other Expenses---$21,750
Payroll Taxes---$18,834
Depreciation Depletion---$11,716
Fees for Services Accounting---$9,120
Conferences and Meetings---$2,475
Fees for Services Other---$2,085
Grants to Domestic Orgs---$250
Travel---$37
Total Functional Expenses$0$0$0$1,000,361
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$32,691,188
To Escrow Line 21 Bal Sheet$-42,552
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.”

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
2022-04-22
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
6
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 Appendix382 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/BOYAmt053057
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0120015
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/TotalAmt068345
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/BOYAmt0123349
IRS990/CashNonInterestBearingGrp/EOYAmt0107655
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0127464
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt02475
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0250
IRS990/CYInvestmentIncomeAmt0152463
IRS990/CYOtherExpensesAmt0588985
IRS990/CYOtherRevenueAmt02417
IRS990/CYProgramServiceRevenueAmt0847667
IRS990/CYRevenuesLessExpensesAmt02186
IRS990/CYSalariesCompEmpBnftPaidAmt0411126
IRS990/CYTotalExpensesAmt01000361
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01002547
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt011716
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 149 NEW DEPOSIT ACCOUNTS IN 2021. AS OF 12/31/21 WE HAD 2,753 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt028437
IRS990/EscrowAccountLiabilityGrp/EOYAmt042552
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt09120
IRS990/FeesForServicesOtherGrp/TotalAmt02085
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/AverageHoursPerWeekRt80.50
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/OtherCompensationAmt049082
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt145098
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/ReportableCompFromOrgAmt086286
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt141178
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/GainOrLossGrp/OtherAmt0-4375
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0250
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt025350
IRS990/GrossReceiptsAmt01032272
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt074450
IRS990/InsuranceGrp/TotalAmt024275
IRS990/InvestmentIncomeGrp/ExclusionAmt0156838
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0156838
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt05037854
IRS990/InvestmentsProgramRelatedGrp/EOYAmt09509217
IRS990/IRPDocumentCnt0889
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0357299
IRS990/LandBldgEquipBasisNetGrp/BOYAmt046912
IRS990/LandBldgEquipBasisNetGrp/EOYAmt038026
IRS990/LandBldgEquipCostOrOtherBssAmt0395325
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt029725
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/NetAssetsOrFundBalancesBOYAmt03717748
IRS990/NetAssetsOrFundBalancesEOYAmt03719935
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-4375
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-4375
IRS990/NetUnrlzdGainsLossesInvstAmt01
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt032904
IRS990/OfficeExpensesGrp/TotalAmt0280789
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0287307
IRS990/OtherAssetsTotalGrp/EOYAmt0327048
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0117525
IRS990/OtherExpensesGrp/Desc0DIVIDENDS EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt061039
IRS990/OtherExpensesGrp/TotalAmt121750
IRS990/OtherLiabilitiesGrp/BOYAmt028713702
IRS990/OtherLiabilitiesGrp/EOYAmt032648636
IRS990/OtherSalariesAndWagesGrp/TotalAmt0122338
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt017837727
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt018374779
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt018834
IRS990/PensionPlanContributionsGrp/TotalAmt024965
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt050225
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt067510
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 MEMBER RELATED INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3FEE & INSURANCE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0712019
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt198617
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt236846
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0712019
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt198617
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt236846
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3185
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0185
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,214 NEW LOANS DURING 2021. AS OF 12/31/21 WE HAD 1,967 OUTSTANDING LOANS RECEIVABLE.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0500
IRS990/PYInvestmentIncomeAmt0192009
IRS990/PYOtherExpensesAmt0653525
IRS990/PYOtherRevenueAmt02227
IRS990/PYProgramServiceRevenueAmt0919069
IRS990/PYRevenuesLessExpensesAmt082271
IRS990/PYSalariesCompEmpBnftPaidAmt0377009
IRS990/PYTotalExpensesAmt01031034
IRS990/PYTotalRevenueAmt01113305
IRS990/ReconcilationRevenueExpnssAmt02186
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesRevenueGrp/ExclusionAmt02417
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt02417
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03717748
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03719935
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09129570
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08106903
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt038026
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0357299
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0395325
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05071429
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt14242000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2179752
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt315833
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4203
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0HTM INVESTMENTS W/ MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENTS WITH MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CAPITAL ACCTS CORPORATE CU
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3WISCUB CUSO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4AFS SECURITIES W/ MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4F
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032691188
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-42552
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/TotalBookValueLandBuildingsAmt038026
IRS990ScheduleD/TotalBookValueProgramRltdAmt09509217
IRS990ScheduleD/TotalLiabilityAmt032648636
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.
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/TotalAssetsBOYAmt032512944
IRS990/TotalAssetsEOYAmt036531138
IRS990/TotalAssetsGrp/BOYAmt032512944
IRS990/TotalAssetsGrp/EOYAmt036531138
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01000361
IRS990/TotalGrossUBIAmt0185
IRS990/TotalLiabilitiesBOYAmt028795196
IRS990/TotalLiabilitiesEOYAmt032811203
IRS990/TotalLiabilitiesGrp/BOYAmt028795196
IRS990/TotalLiabilitiesGrp/EOYAmt032811203
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03717748
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03719935
IRS990/TotalOtherCompensationAmt094180
IRS990/TotalProgramServiceRevenueAmt0847667
IRS990/TotalReportableCompFromOrgAmt0127464
IRS990/TotalRevenueGrp/ExclusionAmt0159255
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0843107
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01002547
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0185
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032512944
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036531138
IRS990/TravelGrp/TotalAmt037
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/SignatureDt02022-04-22
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/PreparationDt02022-04-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER RASMUSSEN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-04-22T16:12:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHRIMPF
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,531,138
Liabilities
$32,811,203
Net assets
$3,719,935
Revenue
$1,002,547
Expenses
$1,000,361
Net income
$2,186
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
2021Detailed filing. Detailed filing data is available for this year.$36.5$32.8$3.72$1.00$1.00$0.00
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
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)14 • $25M-$50M nonprofits