Civic Intelligence

Wea Credit Union

990 • Fiscal year 2023 • EIN 39-0716620

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 11, 2024

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

62nd percentile

0.89x

Higher debt load relative to assets than 62% of similar nonprofits.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

22.57x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2023

Net Margin

67th percentile

20%

Higher net margin than 67% of similar nonprofits.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

56th percentile

$114,160

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2023

Asset Growth

73rd percentile

0.5%

Faster asset growth than 73% of similar nonprofits.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

34%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$37,997,463

Up $173,981 (+0.5%) from 2022

Net Assets

Up

$4,094,051

Up $250,219 (+6.5%) from 2022

Liabilities

Down

$33,903,412

Down $76,238 (-0.2%) from 2022

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin67th percentile

Revenue

Up

$1,501,987

Up $379,166 (+34%) from 2022

Expenses

Up

$1,206,979

Up $208,055 (+21%) from 2022

Net Income

Up

$295,008

Up $171,111 (+138%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$40M$30M$20M$10M$0Assets 2011: $26,511,501Liabilities 2011: $23,675,992Net Assets 2011: $2,835,5092011Assets 2012: $27,486,953Liabilities 2012: $24,641,247Net Assets 2012: $2,845,7062012Assets 2013: $27,764,486Liabilities 2013: $24,908,682Net Assets 2013: $2,855,8042013Assets 2014: $27,551,810Liabilities 2014: $24,665,872Net Assets 2014: $2,885,9382014Assets 2015: $26,669,657Liabilities 2015: $23,773,935Net Assets 2015: $2,895,7222015Assets 2016: $26,803,077Liabilities 2016: $23,801,372Net Assets 2016: $3,001,7052016Assets 2017: $27,506,187Liabilities 2017: $24,364,165Net Assets 2017: $3,142,0222017Assets 2018: $27,179,391Liabilities 2018: $23,766,281Net Assets 2018: $3,413,1102018Assets 2019: $28,272,644Liabilities 2019: $24,637,168Net Assets 2019: $3,635,4762019Assets 2020: $32,512,944Liabilities 2020: $28,795,196Net Assets 2020: $3,717,7482020Assets 2022: $37,823,482Liabilities 2022: $33,979,650Net Assets 2022: $3,843,8322022Assets 2023: $37,997,463Liabilities 2023: $33,903,412Net Assets 2023: $4,094,0512023Assets 2024: $38,313,666Liabilities 2024: $33,872,362Net Assets 2024: $4,441,3042024

Highlighted filing

2023

Assets$37,997,463
Liabilities$33,903,412
Net Assets$4,094,051
Open 2023 Filing

Operations Trend

Revenue Growth80th percentile

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

$2.0M$1.5M$1.0M$500K$0Revenue 2011: $1,203,951Expenses 2011: $1,195,662Net Income 2011: $8,2892011Revenue 2012: $1,057,327Expenses 2012: $1,047,156Net Income 2012: $10,1712012Revenue 2013: $1,025,526Expenses 2013: $1,015,389Net Income 2013: $10,1372013Revenue 2014: $1,014,933Expenses 2014: $984,852Net Income 2014: $30,0812014Revenue 2015: $946,695Expenses 2015: $936,875Net Income 2015: $9,8202015Revenue 2016: $1,003,503Expenses 2016: $897,495Net Income 2016: $106,0082016Revenue 2017: $1,036,900Expenses 2017: $896,560Net Income 2017: $140,3402017Revenue 2018: $1,169,435Expenses 2018: $898,349Net Income 2018: $271,0862018Revenue 2019: $1,256,055Expenses 2019: $1,033,693Net Income 2019: $222,3622019Revenue 2020: $1,113,305Expenses 2020: $1,031,034Net Income 2020: $82,2712020Revenue 2022: $1,122,821Expenses 2022: $998,924Net Income 2022: $123,8972022Revenue 2023: $1,501,987Expenses 2023: $1,206,979Net Income 2023: $295,0082023Revenue 2024: $1,857,966Expenses 2024: $1,510,712Net Income 2024: $347,2542024

Highlighted filing

2023

Revenue$1,501,987
Expenses$1,206,979
Net Income$295,008
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 11, 2024
Return Version
2023v5.0
Gross Receipts
$1,501,987
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$19,533,920$19,884,129▲ $350,209
Savings and Temporary Cash Investments$6,354,885$9,889,302▲ $3,534,417
Investments Program Related$11,256,108$7,636,666▼ $3,619,442
Rtn Earn Endowment Incm Other Fnds$3,843,832$4,094,051▲ $250,219
Cash and Non-Interest-Bearing Accounts$175,185$227,486▲ $52,301
Prepaid Expenses and Deferred Charges$89,964$52,242▼ $37,722
Land, Buildings, and Equipment, Net$26,152$21,504▼ $4,648
Total Assets$37,823,482$37,997,463▲ $173,981
Other Assets Total$387,268$286,134▼ $101,134
Liabilities
Other Liabilities$33,476,103$33,652,657▲ $176,554
Accounts Payable and Accrued Expenses$444,153$221,766▼ $222,387
Escrow Account Liability$59,394$28,989▼ $30,405
Total Liabilities$33,979,650$33,903,412▼ $76,238
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,843,832$4,094,051▲ $250,219
Total Liabilities and Net Assets / Fund Balance$37,823,482$37,997,463▲ $173,981

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,504$378,117$399,621
Investment Program Related Org$81--
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cassandra ThomPresidentFT$83,453$30,707$114,160
Mark a SchrimpfCEO (partialFT$27,771$14,369$42,140

Board Members and Trustees

NameTitle
Russell AllenChair
Ross HamptonVice Chair
Jill HeinDirector
Leigh Barker CheesebroDirector
Ryan MaddenDirector
Terrance CraneyDirector
Kathryn NautaSecretary
Doug FritschTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,039,325
Investment Income
$460,115
Other Revenue
$2,547
Change in Net Assets
$295,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$790,422
Salaries, Compensation, and Employee Benefits$416,307
Grants and Similar Amounts Paid$250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$291,069
Other Salaries and Wages---$169,331
Current Officers, Directors, Trustees, and Key Employees---$111,224
Information Technology---$110,229
Other Employee Benefits---$90,453
Advertising---$77,013
Occupancy---$31,868
Insurance---$25,758
Pension Plan Contributions---$23,584
Payroll Taxes---$21,715
Other Expenses---$14,884
Depreciation Depletion---$12,517
Fees for Services Accounting---$6,068
Conferences and Meetings---$5,950
Fees for Services Other---$2,126
Travel---$1,437
Grants to Domestic Orgs---$250
Interest---$16
Total Functional Expenses$0$0$0$1,206,979
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$33,680,752
Allowance Off Bal Sht Credit Losses$894
To Escrow Line 21 on Bal Sheet$-28,989
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 and ceo compensation amounts are approved by board of directors.”

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

“Comparison data is collected and reviewed by board of directors. The president and ceo compensation amounts are 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
Cassandra Thom
Title
President
Phone
6082749828
Signed
2024-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cassandra Thom
Formed
1931
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
7
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.”

Form 990, Part XI, Line 9

“Initial cecl adjustment -44,789”

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 Appendix388 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/BOYAmt0444153
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0221766
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/TotalAmt077013
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0CASSANDRA THOM
IRS990/BooksInCareOfDetail/PhoneNum06082749828
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 8003
IRS990/BooksInCareOfDetail/USAddress/CityNm0MADISON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0537088003
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0175185
IRS990/CashNonInterestBearingGrp/EOYAmt0227486
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0111224
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt05950
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0250
IRS990/CYInvestmentIncomeAmt0460115
IRS990/CYOtherExpensesAmt0790422
IRS990/CYOtherRevenueAmt02547
IRS990/CYProgramServiceRevenueAmt01039325
IRS990/CYRevenuesLessExpensesAmt0295008
IRS990/CYSalariesCompEmpBnftPaidAmt0416307
IRS990/CYTotalExpensesAmt01206979
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01501987
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt012517
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 185 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 2,713 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt059394
IRS990/EscrowAccountLiabilityGrp/EOYAmt028989
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt06068
IRS990/FeesForServicesOtherGrp/TotalAmt02126
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt050.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.75
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/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt030707
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt114369
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0CASSANDRA THOM
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK A SCHRIMPF
IRS990/Form990PartVIISectionAGrp/PersonNm2RUSSELL ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm3ROSS HAMPTON
IRS990/Form990PartVIISectionAGrp/PersonNm4DOUG FRITSCH
IRS990/Form990PartVIISectionAGrp/PersonNm5KATHRYN NAUTA
IRS990/Form990PartVIISectionAGrp/PersonNm6LEIGH BARKER CHEESEBRO
IRS990/Form990PartVIISectionAGrp/PersonNm7TERRANCE CRANEY
IRS990/Form990PartVIISectionAGrp/PersonNm8JILL HEIN
IRS990/Form990PartVIISectionAGrp/PersonNm9RYAN MADDEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt083453
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt127771
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CEO (PARTIAL
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01931
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0250
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01501987
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0110229
IRS990/InsuranceGrp/TotalAmt025758
IRS990/InterestGrp/TotalAmt016
IRS990/InvestmentIncomeGrp/ExclusionAmt0460115
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0460115
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt011256108
IRS990/InvestmentsProgramRelatedGrp/EOYAmt07636666
IRS990/IRPDocumentCnt0868
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0378117
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026152
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021504
IRS990/LandBldgEquipCostOrOtherBssAmt0399621
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/NetAssetsOrFundBalancesBOYAmt03843832
IRS990/NetAssetsOrFundBalancesEOYAmt04094051
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt031868
IRS990/OfficeExpensesGrp/TotalAmt0291069
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0387268
IRS990/OtherAssetsTotalGrp/EOYAmt0286134
IRS990/OtherChangesInNetAssetsAmt0-44789
IRS990/OtherEmployeeBenefitsGrp/TotalAmt090453
IRS990/OtherExpensesGrp/Desc0DIVIDENDS EXPENSE
IRS990/OtherExpensesGrp/Desc1CREDIT LOSS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0211487
IRS990/OtherExpensesGrp/TotalAmt114884
IRS990/OtherLiabilitiesGrp/BOYAmt033476103
IRS990/OtherLiabilitiesGrp/EOYAmt033652657
IRS990/OtherSalariesAndWagesGrp/TotalAmt0169331
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt019533920
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt019884129
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt021715
IRS990/PensionPlanContributionsGrp/TotalAmt023584
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt089964
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt052242
IRS990/PrincipalOfficerNm0CASSANDRA THOM
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/RelatedOrExemptFuncIncomeAmt0894359
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1104927
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt239341
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0894359
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1104927
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239341
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3698
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0698
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,333 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 1,975 OUTSTANDING LOANS RECEIVABLE.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01000
IRS990/PYInvestmentIncomeAmt0230439
IRS990/PYOtherExpensesAmt0618087
IRS990/PYOtherRevenueAmt02586
IRS990/PYProgramServiceRevenueAmt0889796
IRS990/PYRevenuesLessExpensesAmt0123897
IRS990/PYSalariesCompEmpBnftPaidAmt0379837
IRS990/PYTotalExpensesAmt0998924
IRS990/PYTotalRevenueAmt01122821
IRS990/ReconcilationRevenueExpnssAmt0295008
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesRevenueGrp/ExclusionAmt02547
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt02547
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03843832
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04094051
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06354885
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09889302
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt021504
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0378117
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0399621
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt07441000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1179752
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt215833
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt381
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS WITH MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CAPITAL ACCOUNTS CORPORATE CU
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2WISCUB CUSO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3AFS SECURITIES WITH MATURITY > 1 YR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3F
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033680752
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-28989
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ALLOWANCE OFF BAL SHT CREDIT LOSSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TO ESCROW LINE 21 ON 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/TotalBookValueLandBuildingsAmt021504
IRS990ScheduleD/TotalBookValueProgramRltdAmt07636666
IRS990ScheduleD/TotalLiabilityAmt033652657
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 AND CEO COMPENSATION AMOUNTS ARE APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMPARISON DATA IS COLLECTED AND REVIEWED BY BOARD OF DIRECTORS. THE PRESIDENT AND CEO COMPENSATION AMOUNTS ARE APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. BYLAWS ARE AVAILABLE FOR REVIEW BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9INITIAL CECL ADJUSTMENT -44,789
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt037823482
IRS990/TotalAssetsEOYAmt037997463
IRS990/TotalAssetsGrp/BOYAmt037823482
IRS990/TotalAssetsGrp/EOYAmt037997463
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01206979
IRS990/TotalGrossUBIAmt0698
IRS990/TotalLiabilitiesBOYAmt033979650
IRS990/TotalLiabilitiesEOYAmt033903412
IRS990/TotalLiabilitiesGrp/BOYAmt033979650
IRS990/TotalLiabilitiesGrp/EOYAmt033903412
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03843832
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04094051
IRS990/TotalOtherCompensationAmt045076
IRS990/TotalProgramServiceRevenueAmt01039325
IRS990/TotalReportableCompFromOrgAmt0111224
IRS990/TotalRevenueGrp/ExclusionAmt0462662
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01038627
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01501987
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0698
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt037823482
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt037997463
IRS990/TravelGrp/TotalAmt01437
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 8003
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd0537088003
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WEACU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CASSANDRA THOM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06082749828
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-11
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02024-04-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER RASMUSSEN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-04-12T11:49:49-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CASSANDRA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THOM
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$37,997,463
Liabilities
$33,903,412
Net assets
$4,094,051
Revenue
$1,501,987
Expenses
$1,206,979
Net income
$295,008
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
2023Detailed filing. Detailed filing data is available for this year.$38.0$33.9$4.09$1.50$1.21$0.30
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.8$34.0$3.84$1.12$1.00$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.5$28.8$3.72$1.11$1.03$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.3$24.6$3.64$1.26$1.03$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.2$23.8$3.41$1.17$0.90$0.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$24.4$3.14$1.04$0.90$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.8$23.8$3.00$1.00$0.90$0.11
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.7$23.8$2.90$0.95$0.94$0.01
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