Civic Intelligence

Madison Credit Union

990 • Fiscal year 2021 • EIN 39-0881791

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 23, 2022

Organization Profilewww.madisoncu.com

View Organization Page

949 E Washington AvenueMadison, WI 53703

(608) 266-4750

Siviq Scores

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

Liabilities / Assets

78th percentile

0.91x

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

2021 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

39.26x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2021

Net Margin

27th percentile

7.4%

Higher net margin than 27% of similar nonprofits.

2021 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

31st percentile

$120,064

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2021 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2021

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

12th percentile

-9.8%

Faster revenue growth than 12% of similar nonprofits.

2021 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$57,705,624

Up $6,160,280 (+12%) from 2020

Net Assets

Up

$4,973,654

Up $98,889 (+2.0%) from 2020

Liabilities

Up

$52,731,970

Up $6,061,391 (+13%) from 2020

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin27th percentile

Revenue

Down

$1,343,089

Down $145,193 (-9.8%) from 2020

Expenses

Up

$1,244,200

Up $21,042 (+1.7%) from 2020

Net Income

Down

$98,889

Down $166,235 (-63%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$60M$40M$20M$0Assets 2010: $30,907,728Liabilities 2010: $27,501,019Net Assets 2010: $3,406,7092010Assets 2011: $33,433,287Liabilities 2011: $29,932,458Net Assets 2011: $3,500,8292011Assets 2012: $34,760,666Liabilities 2012: $31,198,743Net Assets 2012: $3,561,9232012Assets 2014: $36,764,214Liabilities 2014: $33,201,972Net Assets 2014: $3,562,2422014Assets 2015: $38,597,389Liabilities 2015: $34,969,008Net Assets 2015: $3,628,3812015Assets 2016: $41,241,781Liabilities 2016: $37,521,572Net Assets 2016: $3,720,2092016Assets 2017: $41,028,143Liabilities 2017: $37,100,287Net Assets 2017: $3,927,8562017Assets 2018: $42,975,233Liabilities 2018: $38,748,056Net Assets 2018: $4,227,1772018Assets 2019: $44,345,661Liabilities 2019: $39,736,020Net Assets 2019: $4,609,6412019Assets 2020: $51,545,344Liabilities 2020: $46,670,579Net Assets 2020: $4,874,7652020Assets 2021: $57,705,624Liabilities 2021: $52,731,970Net Assets 2021: $4,973,6542021

Highlighted filing

2021

Assets$57,705,624
Liabilities$52,731,970
Net Assets$4,973,654
Open 2021 Filing

Operations Trend

Revenue Growth12th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,639,0112010Expenses 2011: $1,578,8682011Expenses 2012: $1,439,4312012Revenue 2014: $1,439,101Expenses 2014: $1,450,965Net Income 2014: -$11,8642014Revenue 2015: $1,435,041Expenses 2015: $1,368,902Net Income 2015: $66,1392015Revenue 2016: $1,477,850Expenses 2016: $1,386,022Net Income 2016: $91,8282016Revenue 2017: $1,490,104Expenses 2017: $1,282,457Net Income 2017: $207,6472017Revenue 2018: $1,609,466Expenses 2018: $1,310,145Net Income 2018: $299,3212018Revenue 2019: $1,687,995Expenses 2019: $1,305,531Net Income 2019: $382,4642019Revenue 2020: $1,488,282Expenses 2020: $1,223,158Net Income 2020: $265,1242020Revenue 2021: $1,343,089Expenses 2021: $1,244,200Net Income 2021: $98,8892021

Highlighted filing

2021

Revenue$1,343,089
Expenses$1,244,200
Net Income$98,889
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 23, 2022
Return Version
2021v4.0
Gross Receipts
$1,343,089
Mission and Program Overview

Mission

Madison Credit Union is a cooperative non 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$18,362,615$18,248,010▼ $114,605
Savings and Temporary Cash Investments$8,088,332$6,754,478▼ $1,333,854
Rtn Earn Endowment Incm Other Fnds$4,874,765$4,973,654▲ $98,889
Cash and Non-Interest-Bearing Accounts$395,837$349,048▼ $46,789
Prepaid Expenses and Deferred Charges$235,932$281,441▲ $45,509
Land, Buildings, and Equipment, Net$122,980$120,850▼ $2,130
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$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$51,545,344$57,705,624▲ $6,160,280
Other Assets Total$24,339,648$31,951,797▲ $7,612,149
Liabilities
Other Liabilities$47,621,791$53,416,238▲ $5,794,447
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$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→ $0
Accounts Payable and Accrued Expenses$-951,212$-684,268▲ $266,944
Total Liabilities$46,670,579$52,731,970▲ $6,061,391
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,874,765$4,973,654▲ $98,889
Total Liabilities and Net Assets / Fund Balance$51,545,344$57,705,624▲ $6,160,280

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,737$552,495$0
Other Land Buildings$0$0$0
Land$70,000-$0
Equipment$32,113$193,581$0
Leasehold Improvements$0$0$0
Other Assets Org$499,358--
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ilene FritschlerCEO/PresidentFT$84,141$35,923$120,064

Board Members and Trustees

NameTitle
Robin PiperBoard of Director-Chair Person
Judith DrousthBoard of Director-Vice Chair Person
Larry SchultzBoard of Director
Jo Ann TerasaBoard of Director - Secretary
Thomas SakashBoard of Director-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,014,511
Investment Income
$328,578
Other Revenue
$0
Change in Net Assets
$98,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$655,544
Salaries, Compensation, and Employee Benefits$588,656
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$374,974
Information Technology---$112,116
Current Officers, Directors, Trustees, and Key Employees---$84,141
Other Employee Benefits---$75,141
Office Expenses---$63,227
Occupancy---$49,210
Payments to Affiliates---$48,025
Interest---$37,482
Payroll Taxes---$33,204
All Other Expenses---$32,677
Depreciation Depletion---$29,755
Advertising---$25,234
Pension Plan Contributions---$21,196
Insurance---$15,638
Other Expenses---$13,287
Conferences and Meetings---$4,531
Total Functional Expenses$0$0$0$1,244,200
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Savings and Certificates$53,416,238
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
No
Other officer compensation reviewed
No
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

“Each member is a shareholder of the Credit Union. The members get one vote for the election of five board members to represent the Credit Union.”

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

“Each member can vote to elect the current board of directors.”

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

“The board of directors can vote to approve the majority of the decisions of the Credit Union. As stated in our bylaws, some issues must be presented to the entire membership for a vote before a change can be made.”

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

“The Form 990 is presented to the board of directors at a board meeting prior to being filed. Each board member reviews the Form 990.”

Form 990, Part VI, Section C, Line 19

“Most governing documents, the conflict of interest policy and the financial statements of the Credit Union are available to the public if requested.”

Filing and Contact Details

Filer

Filer Name
Madison Credit Union
EIN
39-0881791
Phone
6082664750
Address
949 E Washington Avenue, Madison, WI 53703

Signing Officer

Name
Ilene Fritschler
Title
President
Phone
6082664750
Signed
2022-04-23

Organization Details

Principal Officer
Ilene Fritschler
Formed
1936
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
11
Volunteers
9
Raw XML AppendixShowing 400 of 447 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
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0-951212
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0-684268
IRS990/AccountsReceivableGrp/BOYAmt018362615
IRS990/AccountsReceivableGrp/EOYAmt018248010
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Madison Credit Union is a cooperative non 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.
IRS990/AdvertisingGrp/TotalAmt025234
IRS990/AllOtherExpensesGrp/TotalAmt032677
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Madison Credit Union
IRS990/BooksInCareOfDetail/PhoneNum06082664750
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0949 E Washington Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Madison
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053703
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0395837
IRS990/CashNonInterestBearingGrp/EOYAmt0349048
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt084141
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt04531
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0328578
IRS990/CYOtherExpensesAmt0655544
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01014511
IRS990/CYRevenuesLessExpensesAmt098889
IRS990/CYSalariesCompEmpBnftPaidAmt0588656
IRS990/CYTotalExpensesAmt01244200
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01343089
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt029755
IRS990/Desc0Credit Union Program: Provided 87 first mortgages totaling $7,955,629. Provided 16,211 new and used auto loans totaling $8,890,917.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt045
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt035923
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Ilene Fritschler
IRS990/Form990PartVIISectionAGrp/PersonNm1Robin Piper
IRS990/Form990PartVIISectionAGrp/PersonNm2Judith Drousth
IRS990/Form990PartVIISectionAGrp/PersonNm3Thomas Sakash
IRS990/Form990PartVIISectionAGrp/PersonNm4Jo Ann Terasa
IRS990/Form990PartVIISectionAGrp/PersonNm5Larry Schultz
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt084141
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO/President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board of Director-Chair Person
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board of Director-Vice Chair Person
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board of Director-Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board of Director - Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board of Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt00
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01343089
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0112116
IRS990/InsuranceGrp/TotalAmt015638
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt037482
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0328578
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0328578
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt0393
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0746076
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0122980
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0120850
IRS990/LandBldgEquipCostOrOtherBssAmt0866926
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Madison Credit Union is a cooperative non 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt04874765
IRS990/NetAssetsOrFundBalancesEOYAmt04973654
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt049210
IRS990/OfficeExpensesGrp/TotalAmt063227
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt024339648
IRS990/OtherAssetsTotalGrp/EOYAmt031951797
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt075141
IRS990/OtherExpensesGrp/Desc0Loan Servicing
IRS990/OtherExpensesGrp/Desc1Shared Branch Expense
IRS990/OtherExpensesGrp/Desc2Debit/ATM Expense
IRS990/OtherExpensesGrp/Desc3Bond Expense
IRS990/OtherExpensesGrp/TotalAmt058646
IRS990/OtherExpensesGrp/TotalAmt113813
IRS990/OtherExpensesGrp/TotalAmt2151903
IRS990/OtherExpensesGrp/TotalAmt313287
IRS990/OtherLiabilitiesGrp/BOYAmt047621791
IRS990/OtherLiabilitiesGrp/EOYAmt053416238
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0374974
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt048025
IRS990/PayrollTaxesGrp/TotalAmt033204
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt021196
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0235932
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0281441
IRS990/PrincipalOfficerNm0Ilene Fritschler
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/BusinessCd4522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest from Loans
IRS990/ProgramServiceRevenueGrp/Desc1Sharedraft Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Debit/ATM Card Fee Income
IRS990/ProgramServiceRevenueGrp/Desc3Loan/Mortgage Fee Income
IRS990/ProgramServiceRevenueGrp/Desc4Account Service Fee Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0803651
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt152105
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2126044
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt320252
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt412459
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0803651
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt152105
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2126044
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt320252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt412459
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0Credit Union Program: Provide low cost financial services to 3,172 members.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Credit Union Program: Serviced members' interest by accepting deposits, granting loans, and investing excess funds in a prudent manner.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0418356
IRS990/PYOtherExpensesAmt0701658
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01069926
IRS990/PYRevenuesLessExpensesAmt0265124
IRS990/PYSalariesCompEmpBnftPaidAmt0521500
IRS990/PYTotalExpensesAmt01223158
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01488282
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt098889
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04874765
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04973654
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08088332
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06754478
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt018737
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0552495
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0571232
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt032113
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0193581
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0225694
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt070000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt070000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt031452439
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1499358
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Commercial Banks, Credit Unions, Federal Reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NCUA Share Insurance Deposit
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053416238
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Savings and Certificates
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0120850
IRS990ScheduleD/TotalBookValueOtherAssetsAmt031951797
IRS990ScheduleD/TotalLiabilityAmt053416238
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Each member is a shareholder of the Credit Union. The members get one vote for the election of five board members to represent the Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each member can vote to elect the current board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of directors can vote to approve the majority of the decisions of the Credit Union. As stated in our bylaws, some issues must be presented to the entire membership for a vote before a change can be made.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is presented to the board of directors at a board meeting prior to being filed. Each board member reviews the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Most governing documents, the conflict of interest policy and the financial statements of the Credit Union are available to the public if requested.
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 C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt051545344
IRS990/TotalAssetsEOYAmt057705624
IRS990/TotalAssetsGrp/BOYAmt051545344
IRS990/TotalAssetsGrp/EOYAmt057705624
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01244200
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt046670579
IRS990/TotalLiabilitiesEOYAmt052731970
IRS990/TotalLiabilitiesGrp/BOYAmt046670579
IRS990/TotalLiabilitiesGrp/EOYAmt052731970
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04874765
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04973654
IRS990/TotalOtherCompensationAmt035923
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00

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
$57,705,624
Liabilities
$52,731,970
Net assets
$4,973,654
Revenue
$1,343,089
Expenses
$1,244,200
Net income
$98,889
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
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.
2021Detailed filing. Detailed filing data is available for this year.$57.7$52.7$4.97$1.34$1.24$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.5$46.7$4.87$1.49$1.22$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.3$39.7$4.61$1.69$1.31$0.38
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.0$38.7$4.23$1.61$1.31$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.0$37.1$3.93$1.49$1.28$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.2$37.5$3.72$1.48$1.39$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.6$35.0$3.63$1.44$1.37$0.07
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.8$33.2$3.56$1.44$1.45$0.01
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.$34.8$31.2$3.56$1.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.4$29.9$3.50$1.58
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.9$27.5$3.41$1.64