Civic Intelligence

Glacier Hills Credit Union

EIN 39-0803157 • 501(c)14 • West Bend, WI

Profile

A cooperative, nonprofit corporation, incorporated under Wisconsin State Law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.

2150 S Main StreetWest Bend, WI 53095

www.glacierhills.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.90x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

15.87x

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

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

84th percentile

18%

Higher net margin than 84% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

5th percentile

$203,969

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Asset Growth

92nd percentile

9.8%

Faster asset growth than 92% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

27%

Faster revenue growth than 90% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

$259,688,556

No earlier filing loaded for comparison.

Liabilities

$233,461,609

No earlier filing loaded for comparison.

Net Assets

$26,226,947

No earlier filing loaded for comparison.

Revenue

$14,708,296

No earlier filing loaded for comparison.

Expenses

$11,993,943

No earlier filing loaded for comparison.

Net Income

$2,714,353

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $68,698,813Liabilities 2010: $63,236,383Net Assets 2010: $5,462,4302010Assets 2011: $74,375,236Liabilities 2011: $68,477,210Net Assets 2011: $5,898,0262011Assets 2012: $81,548,441Liabilities 2012: $75,062,026Net Assets 2012: $6,486,4152012Assets 2014: $97,926,536Liabilities 2014: $89,165,739Net Assets 2014: $8,760,7972014Assets 2015: $108,609,597Liabilities 2015: $98,994,696Net Assets 2015: $9,614,9012015Assets 2016: $113,821,664Liabilities 2016: $103,058,922Net Assets 2016: $10,762,7422016Assets 2018: $133,697,544Liabilities 2018: $120,023,437Net Assets 2018: $13,674,1072018Assets 2019: $146,753,089Liabilities 2019: $131,281,357Net Assets 2019: $15,471,7322019Assets 2021: $212,874,773Liabilities 2021: $193,187,026Net Assets 2021: $19,687,7472021Assets 2022: $219,587,920Liabilities 2022: $198,274,752Net Assets 2022: $21,313,1682022Assets 2024: $259,688,556Liabilities 2024: $233,461,609Net Assets 2024: $26,226,9472024

Highlighted filing

2024

Assets$259,688,556
Liabilities$233,461,609
Net Assets$26,226,947

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Expenses 2010: $4,102,8702010Revenue 2011: $4,437,714Expenses 2011: $4,002,118Net Income 2011: $435,5962011Expenses 2012: $3,836,7042012Revenue 2014: $4,921,436Expenses 2014: $3,877,673Net Income 2014: $1,043,7632014Revenue 2015: $5,241,866Expenses 2015: $4,406,522Net Income 2015: $835,3442015Revenue 2016: $5,769,487Expenses 2016: $4,638,232Net Income 2016: $1,131,2552016Revenue 2018: $7,180,450Expenses 2018: $5,520,541Net Income 2018: $1,659,9092018Revenue 2019: $7,819,453Expenses 2019: $6,158,164Net Income 2019: $1,661,2892019Revenue 2021: $8,784,657Expenses 2021: $6,324,377Net Income 2021: $2,460,2802021Revenue 2022: $9,272,339Expenses 2022: $7,347,009Net Income 2022: $1,925,3302022Revenue 2024: $14,708,296Expenses 2024: $11,993,943Net Income 2024: $2,714,3532024

Highlighted filing

2024

Revenue$14,708,296
Expenses$11,993,943
Net Income$2,714,353

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$260$233$26.2$14.7$12.0$2.71
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.$220$198$21.3$9.27$7.35$1.93
2021Detailed filing. Detailed filing data is available for this year.$213$193$19.7$8.78$6.32$2.46
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$147$131$15.5$7.82$6.16$1.66
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$134$120$13.7$7.18$5.52$1.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$103$10.8$5.77$4.64$1.13
2015Detailed filing. Detailed filing data is available for this year.$109$99.0$9.61$5.24$4.41$0.84
2014Detailed filing. Detailed filing data is available for this year.$97.9$89.2$8.76$4.92$3.88$1.04
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.5$75.1$6.49$3.84
2011Summary only. Only limited summary data is available for this year.$74.4$68.5$5.90$4.44$4.00$0.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.7$63.2$5.46$4.10
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$9,327,550
Mission and Program Overview

Mission

A cooperative, nonprofit corporation, incorporated under Wisconsin State Law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.

A cooperative, not-for-profit corporation, incorpated under Wisconsin State Law to encourge thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$136,358,414$155,709,704▲ $19,351,290
Investments Other Securities$44,023,654$45,760,854▲ $1,737,200
Rtn Earn Endowment Incm Other Fnds$19,687,747$21,313,168▲ $1,625,421
Savings and Temporary Cash Investments$20,920,652$6,544,413▼ $14,376,239
Land, Buildings, and Equipment, Net$4,394,934$4,136,845▼ $258,089
Investments in Publicly Traded Securities$3,576,219$2,397,080▼ $1,179,139
Cash and Non-Interest-Bearing Accounts$2,018,310$2,316,536▲ $298,226
Accounts Receivable$289,707$540,204▲ $250,497
Prepaid Expenses and Deferred Charges$216,324$192,251▼ $24,073
Receivables From Officers Etc$146,265$165,154▲ $18,889
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$212,874,773$219,587,920▲ $6,713,147
Other Assets Total$930,294$1,824,879▲ $894,585
Liabilities
Other Liabilities$185,872,972$195,644,401▲ $9,771,429
Mortgage Notes Payable Secured by Investment Property$5,000,000$0▼ $5,000,000
Accounts Payable and Accrued Expenses$2,314,054$2,630,351▲ $316,297
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$193,187,026$198,274,752▲ $5,087,726
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,687,747$21,313,168▲ $1,625,421
Total Liabilities and Net Assets / Fund Balance$212,874,773$219,587,920▲ $6,713,147

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,901,755$2,069,206$4,970,961
Equipment$404,044$1,362,490$1,766,534
Land$831,046-$831,046
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Other Securities$222,900--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tami WinklerPresidentFT$153,785$37,693$191,478
Eric SchmoldtCFOFT$111,252$1,728$112,980
Travis LivingoodVice President of MarketingFT$104,413$5,529$109,942
Chris TrostDirector of LendingFT$101,107$5,064$106,171
Allison HoltzerBoard Member--$300$300
Jeff FrankBoard Member--$300$300
Joy SterrBoard Member--$300$300
Karen WilsonChairperson--$300$300
Ken SchuhVice Chairperson--$300$300
Marilynn OrloppSecretary--$300$300
Stan MiskeTreasurer--$300$300

Highest Paid Contractors

ContractorServicesLocationCompensation
Ontech Systems INCCore ProcessorP O BOX 934057, Alanta, GA 31193$1,062,978
-It MaintenanceN85W16186 APPLETON AVENUE, Menomonee Falls, WI 53051$166,684
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,540,606
Investment Income
$730,988
Other Revenue
$745
Change in Net Assets
$1,925,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,062,083
Salaries, Compensation, and Employee Benefits$3,284,926
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,874,489
Information Technology---$701,569
Other Employee Benefits---$626,660
Current Officers, Directors, Trustees, and Key Employees---$522,671
Interest---$509,852
Depreciation Depletion---$351,448
Occupancy---$273,509
Advertising---$243,599
Office Expenses---$213,321
Payroll Taxes---$177,655
Other Expenses---$87,378
All Other Expenses---$85,564
Pension Plan Contributions---$83,451
Fees for Services Legal---$82,982
Insurance---$27,102
Conferences and Meetings---$25,272
Fees for Services Accounting---$25,197
Travel---$9,034
Fees for Services Other---$9,000
Total Functional Expenses$0$0$0$7,347,009
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$146,265$165,154▲ $18,889
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$195,644,401
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 credit union has 17,067 members.

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

The members elect the board of directors.

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

An annual meeting of the membership is held to discuss concerns with the board of directors.

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

The form is distributed to the board of directors. The form is reviewed and compared to the previously filed reports for accuracy and consistency by the CFO.

Form 990, Part VI, Section B, Line 12C

The employees and directors annually sign an "Oath of Office" statement which covers conflicts of interest. All conflicts of interest are required to be documented and subsequently reviewed for improprieties. The ongoing internal audit process reviews for such conflicts.

Form 990, Part VI, Section B, Line 15

The Wisconsin Credit Union League, our trade organization, publishes a salary survey of various positions' salary ranges. This document is referenced for the rate of pay for all positions within the credit union.

Form 990, Part VI, Section C, Line 19

The financial statements, 5300 reports, are public information and available through the NCUA website. Other statement would need to be requested at the main office of the credit union.

Filing and Contact Details

Filer

Filer Name
Glacier Hills Credit Union
EIN
39-0803157
Phone
2623381888
Address
2150 S Main Street, West Bend, WI 53095

Signing Officer

Name
Eric Schmoldt
Title
Chief Financial Officer
Phone
2624381118
Signed
2023-11-14

Organization Details

Principal Officer
Eric Schmoldt
Formed
1934
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
62
Volunteers
7
Raw XML AppendixShowing 400 of 608 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/AccountantCompileOrReviewInd01
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IRS990/AccountsReceivableGrp/EOYAmt0540204
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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AdvertisingGrp/TotalAmt0243599
IRS990/AllOtherExpensesGrp/TotalAmt085564
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0Glacier Hills Credit Union
IRS990/BooksInCareOfDetail/PhoneNum02624381117
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02150 S Main Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0West Bend
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
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IRS990/Form990PartVIISectionAGrp/PersonNm0Tami Winkler
IRS990/Form990PartVIISectionAGrp/PersonNm1Eric Schmoldt
IRS990/Form990PartVIISectionAGrp/PersonNm2Travis Livingood
IRS990/Form990PartVIISectionAGrp/PersonNm3Chris Trost
IRS990/Form990PartVIISectionAGrp/PersonNm4Karen Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm5Ken Schuh
IRS990/Form990PartVIISectionAGrp/PersonNm6Stan Miske
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Director of Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
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IRS990/MissionDesc0A cooperative, not-for-profit corporation, incorporated under Wisconsin State Law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.
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IRS990/PYTotalExpensesAmt06324377
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02069206
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IRS990ScheduleD/LandGrp/BookValueAmt0831046
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