Civic Intelligence

Valley Communities Credit Union

990 • Fiscal year 2020 • EIN 39-0744482

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

Organization ProfileVALLEYCOMMUNITIES.ORG

View Organization Page

975 Indianhead DriveMosinee, WI 54455

(715) 693-5776

Siviq Scores

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

Liabilities / Assets

28th percentile

0.88x

Higher debt load relative to assets than 28% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

23.59x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Net Margin

61st percentile

13%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

97th percentile

$529,747

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Asset Growth

31st percentile

14%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

25th percentile

-7.1%

Faster revenue growth than 25% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$205,282,266

Up $25,511,516 (+14%) from 2019

Net Assets

Up

$25,519,707

Up $971,200 (+4.0%) from 2019

Liabilities

Up

$179,762,559

Up $24,540,316 (+16%) from 2019

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin61st percentile

Revenue

Down

$7,619,348

Down $586,252 (-7.1%) from 2019

Expenses

Down

$6,651,964

Down $6,403 (-0.1%) from 2019

Net Income

Down

$967,384

Down $579,849 (-37%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$300M$200M$100M$0Assets 2010: $103,936,925Liabilities 2010: $87,073,517Net Assets 2010: $16,863,4082010Assets 2011: $110,312,822Liabilities 2011: $92,990,559Net Assets 2011: $17,322,2632011Assets 2012: $114,686,105Liabilities 2012: $96,700,210Net Assets 2012: $17,985,8952012Assets 2013: $121,625,405Liabilities 2013: $103,203,260Net Assets 2013: $18,422,1452013Assets 2014: $129,007,706Liabilities 2014: $110,095,988Net Assets 2014: $18,911,7182014Assets 2015: $136,658,184Liabilities 2015: $116,955,610Net Assets 2015: $19,702,5742015Assets 2016: $145,269,369Liabilities 2016: $124,473,251Net Assets 2016: $20,796,1182016Assets 2018: $164,300,420Liabilities 2018: $141,293,854Net Assets 2018: $23,006,5662018Assets 2019: $179,770,750Liabilities 2019: $155,222,243Net Assets 2019: $24,548,5072019Assets 2020: $205,282,266Liabilities 2020: $179,762,559Net Assets 2020: $25,519,7072020Assets 2021: $225,686,419Liabilities 2021: $199,467,720Net Assets 2021: $26,218,6992021Assets 2022: $234,151,522Liabilities 2022: $206,823,340Net Assets 2022: $27,328,1822022Assets 2024: $248,899,349Liabilities 2024: $217,393,803Net Assets 2024: $31,505,5462024

Highlighted filing

2020

Assets$205,282,266
Liabilities$179,762,559
Net Assets$25,519,707
Open 2020 Filing

Operations Trend

Revenue Growth25th percentile

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

$15M$10M$5.0M$0Expenses 2010: $5,411,5412010Expenses 2011: $4,844,9202011Expenses 2012: $4,516,4332012Revenue 2013: $5,099,604Expenses 2013: $4,660,549Net Income 2013: $439,0552013Revenue 2014: $5,244,614Expenses 2014: $4,754,629Net Income 2014: $489,9852014Revenue 2015: $5,543,691Expenses 2015: $4,750,292Net Income 2015: $793,3992015Revenue 2016: $6,026,103Expenses 2016: $4,931,215Net Income 2016: $1,094,8882016Revenue 2018: $7,371,811Expenses 2018: $6,194,505Net Income 2018: $1,177,3062018Revenue 2019: $8,205,600Expenses 2019: $6,658,367Net Income 2019: $1,547,2332019Revenue 2020: $7,619,348Expenses 2020: $6,651,964Net Income 2020: $967,3842020Revenue 2021: $7,045,989Expenses 2021: $6,346,948Net Income 2021: $699,0412021Revenue 2022: $8,456,168Expenses 2022: $7,346,398Net Income 2022: $1,109,7702022Revenue 2024: $13,676,935Expenses 2024: $11,331,272Net Income 2024: $2,345,6632024

Highlighted filing

2020

Revenue$7,619,348
Expenses$6,651,964
Net Income$967,384
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$7,619,348
Mission and Program Overview

Mission

Our mission is to build lifelong relationships one member at a time; providing sound financial products and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$125,448,730$121,905,114▼ $3,543,616
Savings and Temporary Cash Investments$42,872,992$71,622,795▲ $28,749,803
Rtn Earn Endowment Incm Other Fnds$20,340,130$21,311,330▲ $971,200
Pd in Cap Srpls Land Bldg Eqp Fund$4,208,377$4,208,377→ $0
Investments Program Related$3,278,363$3,386,497▲ $108,134
Land, Buildings, and Equipment, Net$3,349,557$3,209,828▼ $139,729
Cash and Non-Interest-Bearing Accounts$2,499,496$2,747,255▲ $247,759
Prepaid Expenses and Deferred Charges$164,349$111,281▼ $53,068
Investments Other Securities$23,430$17,325▼ $6,105
Accounts Receivable$42,146$548▼ $41,598
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$179,770,750$205,282,266▲ $25,511,516
Other Assets Total$2,091,687$2,281,623▲ $189,936
Liabilities
Other Liabilities$154,265,456$178,577,426▲ $24,311,970
Accounts Payable and Accrued Expenses$956,787$1,185,133▲ $228,346
Total Liabilities$155,222,243$179,762,559▲ $24,540,316
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,548,507$25,519,707▲ $971,200
Total Liabilities and Net Assets / Fund Balance$179,770,750$205,282,266▲ $25,511,516

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,983,585$1,800,672$3,784,257
Equipment$205,956$1,399,102$1,605,058
Land$938,919-$938,919
Other Land Buildings$81,368$343,614$424,982
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randy LeszczynskiCFOFT$163,370$366,377$529,747
Kelly HladovcakCEOFT$216,639$44,993$261,632
Angela DinkinsCLOFT$108,412$17,349$125,761
William JarisAvp - LendingFT$106,948$811$107,759
Robin MrozinskiCOOFT$103,157-$103,157
Gary EngebretsonChair-$4,912-$4,912
Elizabeth JakuszVice Chair-$3,214-$3,214
Harold MatisTreasurer-$3,214-$3,214
Jonathan AndersonSecretary-$3,214-$3,214
Paul DavisDirector-$2,893-$2,893
Jeffrey HorneCFOFT$2,888-$2,888
James KrzmarcikDirector-$2,774-$2,774
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,979,321
Investment Income
$635,286
Other Revenue
$4,741
Change in Net Assets
$967,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,544,278
Other Expenses$3,107,686
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,060,799
Current Officers, Directors, Trustees, and Key Employees---$994,974
Information Technology---$893,419
Office Expenses---$352,820
Fees for Services Other---$249,678
Occupancy---$235,769
Other Employee Benefits---$193,969
Depreciation Depletion---$193,610
Payroll Taxes---$185,558
Pension Plan Contributions---$108,978
Advertising---$81,425
Conferences and Meetings---$63,521
Payments to Affiliates---$37,549
Fees for Services Accounting---$35,656
All Other Expenses---$29,438
Other Expenses---$21,235
Fees for Services Legal---$16,975
Total Functional Expenses$0$0$0$6,651,964
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
Shares$178,577,426
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, Part VI, Section A, Line 6

“The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (board of directors).”

Form 990, Part VI, Section A, Line 7A

“The board of directors is elected by the membership utilizing their one vote per memeber.”

Form 990, Part VI, Section A, Line 7B

“Each member has one vote to utilize in ratifying significant decisions beyond the authority of the board as outlined in the organization's bylaws. Any decisions to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e. Ncua, wisconsin office of credit unions).”

Form 990, Part VI, Section B, Line 11B

“The board of directors will have a completed copy of the 990 presented at a meeting prior to filing.”

Form 990, Part VI, Section B, Line 15

“Ceo compensation is set by the board of directors after reviewing the individual and credit union peer data. All other staff is set by the ceo.”

Form 990, Part VI, Section C, Line 19

“The balance sheet is displayed in all offices as well as on the web site. Relase of additional records are covered in the vccu member inspection policy which covers records and minutes.”

Filing and Contact Details

Filer

Filer Name
Valley Communities Credit Union
EIN
39-0744482
Phone
7156935776
Address
975 INDIANHEAD DRIVE, MOSINEE, WI 54455

Signing Officer

Name
Jeffrey Horne
Title
CFO
Phone
7156933400
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Hladovcak
Formed
1935
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
68
Volunteers
0

Preparer

Firm
Hawkins Ash Cpas Llp
Address
520 N BROADWAY SUITE 250, GREEN BAY, WI 54303
Preparer
Jeffrey Danen
Phone
9203369850
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“OTHER LOANS 4,882.”

Financial Statement Notes

PART IV, LINE 2B:

“When necessary, escrow account for mortgages are held on behalf of members. The balance in these accounts is included on line 25 of part x.”

Raw XML AppendixShowing 400 of 442 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/TotalAmt1125259
IRS990/OtherExpensesGrp/TotalAmt2103200
IRS990/OtherExpensesGrp/TotalAmt321235
IRS990/OtherLiabilitiesGrp/BOYAmt0154265456
IRS990/OtherLiabilitiesGrp/EOYAmt0178577426
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04741
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04741
IRS990/OtherRevenueTotalAmt04741
IRS990/OtherSalariesAndWagesGrp/TotalAmt02060799
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0125448730
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0121905114
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt037549
IRS990/PayrollTaxesGrp/TotalAmt0185558
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt04208377
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt04208377
IRS990/PensionPlanContributionsGrp/TotalAmt0108978
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0164349
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0111281
IRS990/PrincipalOfficerNm0KELLY HLADOVCAK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1FEES
IRS990/ProgramServiceRevenueGrp/Desc2INSURANCE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05849196
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1958308
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2157417
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05849196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1958308
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2171817
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt014400
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01010033
IRS990/PYOtherExpensesAmt03642197
IRS990/PYOtherRevenueAmt0790
IRS990/PYProgramServiceRevenueAmt07194777
IRS990/PYRevenuesLessExpensesAmt01547233
IRS990/PYSalariesCompEmpBnftPaidAmt03016170
IRS990/PYTotalExpensesAmt06658367
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08205600
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0967384
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020340130
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt021311330
IRS990/SavingsAndTempCashInvstGrp/BOYAmt042872992
IRS990/SavingsAndTempCashInvstGrp/EOYAmt071622795
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01983585
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01800672
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03784257
IRS990ScheduleD/EquipmentGrp/BookValueAmt0205956
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01399102
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01605058
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0938919
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0938919
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt081368
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0343614
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0424982
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0178577426
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WHEN NECESSARY, ESCROW ACCOUNT FOR MORTGAGES ARE HELD ON BEHALF OF MEMBERS. THE BALANCE IN THESE ACCOUNTS IS INCLUDED ON LINE 25 OF PART X.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03209828
IRS990ScheduleD/TotalLiabilityAmt0178577426
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0163370
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1216639
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt075655
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt125405
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017383
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt119588
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0273339
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RANDY LESZCZYNSKI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KELLY HLADOVCAK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0529747
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1261632
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CEO AND CFO PARTICIPATE IN A DEFERRED COMPENSATION PLAN. THE CEO'S CALCULATED UNVESTED ACCUMULATED DEFERRED BENEFIT IS APPROXIMATELY $230,000 AS OF DECEMBER 31, 2020. THE CFO RECEIVED A DEFERRED COMPENSATION PAYMENT OF $273,339 DURING 2020.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONSISTS OF MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMEBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED IN THE ORGANIZATION'S BYLAWS. ANY DECISIONS TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY REGULATORY AGENCY (I.E. NCUA, WISCONSIN OFFICE OF CREDIT UNIONS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS WILL HAVE A COMPLETED COPY OF THE 990 PRESENTED AT A MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CEO COMPENSATION IS SET BY THE BOARD OF DIRECTORS AFTER REVIEWING THE INDIVIDUAL AND CREDIT UNION PEER DATA. ALL OTHER STAFF IS SET BY THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BALANCE SHEET IS DISPLAYED IN ALL OFFICES AS WELL AS ON THE WEB SITE. RELASE OF ADDITIONAL RECORDS ARE COVERED IN THE VCCU MEMBER INSPECTION POLICY WHICH COVERS RECORDS AND MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER LOANS 4,882.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0179770750
IRS990/TotalAssetsEOYAmt0205282266
IRS990/TotalAssetsGrp/BOYAmt0179770750
IRS990/TotalAssetsGrp/EOYAmt0205282266
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt068
IRS990/TotalFunctionalExpensesGrp/TotalAmt06651964
IRS990/TotalGrossUBIAmt014400
IRS990/TotalLiabilitiesBOYAmt0155222243
IRS990/TotalLiabilitiesEOYAmt0179762559
IRS990/TotalLiabilitiesGrp/BOYAmt0155222243
IRS990/TotalLiabilitiesGrp/EOYAmt0179762559
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt024548507
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025519707
IRS990/TotalOtherCompensationAmt0156191
IRS990/TotalProgramServiceRevenueAmt06979321
IRS990/TotalReportableCompFromOrgAmt0994974
IRS990/TotalRevenueGrp/ExclusionAmt0635286
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06969662
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07619348
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt014400
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0179770750
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0205282266
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$205,282,266
Liabilities
$179,762,559
Net assets
$25,519,707
Revenue
$7,619,348
Expenses
$6,651,964
Net income
$967,384
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$249$217$31.5$13.7$11.3$2.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$234$207$27.3$8.46$7.35$1.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$226$199$26.2$7.05$6.35$0.70
2020Detailed filing. Detailed filing data is available for this year.$205$180$25.5$7.62$6.65$0.97
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$180$155$24.5$8.21$6.66$1.55
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$164$141$23.0$7.37$6.19$1.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$145$124$20.8$6.03$4.93$1.09
2015Detailed filing. Detailed filing data is available for this year.$137$117$19.7$5.54$4.75$0.79
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$110$18.9$5.24$4.75$0.49
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$122$103$18.4$5.10$4.66$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$96.7$18.0$4.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$93.0$17.3$4.84
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$104$87.1$16.9$5.41