Civic Intelligence

Southern Lakes Credit Union

EIN 39-0900961 • 501(c)14 • Kenosha, WI

View Organization Page

Profile

A nonprofit member-owned thrift institution organized to provide financial services to individuals. Operations are primarily related to holding deposit for and making loans to members

3000 80th StreetKenosha, WI 53141

www.southernlakescu.org

Siviq Scores

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

Liabilities / Assets

66th percentile

0.90x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

16.90x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Net Margin

34th percentile

8.2%

Higher net margin than 34% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

14th percentile

$156,077

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Asset Growth

18th percentile

-1.5%

Faster asset growth than 18% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

8.3%

Faster revenue growth than 28% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets66th percentile

Assets

$104,915,717

No earlier filing loaded for comparison.

Liabilities

$94,804,089

No earlier filing loaded for comparison.

Net Assets

$10,111,628

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue70th percentileNet Margin34th percentile

Revenue

$5,608,590

No earlier filing loaded for comparison.

Expenses

$5,150,434

No earlier filing loaded for comparison.

Net Income

$458,156

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

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

$150M$100M$50M$0Assets 2010: $84,931,368Liabilities 2010: $77,583,128Net Assets 2010: $7,348,2402010Assets 2011: $87,452,494Liabilities 2011: $80,039,418Net Assets 2011: $7,413,0762011Assets 2012: $85,450,152Liabilities 2012: $78,214,445Net Assets 2012: $7,235,7072012Assets 2014: $83,923,527Liabilities 2014: $75,852,053Net Assets 2014: $8,071,4742014Assets 2015: $86,566,296Liabilities 2015: $78,002,631Net Assets 2015: $8,563,6652015Assets 2017: $86,926,145Liabilities 2017: $79,921,584Net Assets 2017: $7,004,5612017Assets 2018: $87,148,484Liabilities 2018: $80,110,302Net Assets 2018: $7,038,1822018Assets 2019: $90,674,072Liabilities 2019: $82,886,002Net Assets 2019: $7,788,0702019Assets 2020: $105,819,301Liabilities 2020: $97,521,383Net Assets 2020: $8,297,9182020Assets 2021: $117,463,215Liabilities 2021: $109,203,285Net Assets 2021: $8,259,9302021Assets 2022: $118,091,803Liabilities 2022: $109,594,055Net Assets 2022: $8,497,7482022Assets 2024: $104,915,717Liabilities 2024: $94,804,089Net Assets 2024: $10,111,6282024

Highlighted filing

2024

Assets$104,915,717
Liabilities$94,804,089
Net Assets$10,111,628
Open 2024 Filing

Operations Trend

Revenue Growth28th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,114,0612010Revenue 2011: $3,693,919Expenses 2011: $3,892,043Net Income 2011: -$198,1242011Revenue 2012: $3,333,132Expenses 2012: $3,625,650Net Income 2012: -$292,5182012Revenue 2014: $3,199,233Expenses 2014: $3,070,989Net Income 2014: $128,2442014Revenue 2015: $3,151,551Expenses 2015: $3,149,335Net Income 2015: $2,2162015Revenue 2017: $3,287,473Expenses 2017: $3,202,457Net Income 2017: $85,0162017Revenue 2018: $3,492,708Expenses 2018: $3,340,935Net Income 2018: $151,7732018Revenue 2019: $3,921,590Expenses 2019: $3,435,570Net Income 2019: $486,0202019Revenue 2020: $4,082,089Expenses 2020: $3,678,674Net Income 2020: $403,4152020Revenue 2021: $3,781,697Expenses 2021: $3,751,810Net Income 2021: $29,8872021Revenue 2022: $3,969,654Expenses 2022: $3,620,133Net Income 2022: $349,5212022Revenue 2024: $5,608,590Expenses 2024: $5,150,434Net Income 2024: $458,1562024

Highlighted filing

2024

Revenue$5,608,590
Expenses$5,150,434
Net Income$458,156
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$104,915,717
Liabilities
$94,804,089
Net assets
$10,111,628
Revenue
$5,608,590
Expenses
$5,150,434
Net income
$458,156
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$94.8$10.1$5.61$5.15$0.46
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.$118$110$8.50$3.97$3.62$0.35
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$117$109$8.26$3.78$3.75$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$97.5$8.30$4.08$3.68$0.40
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.7$82.9$7.79$3.92$3.44$0.49
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.1$80.1$7.04$3.49$3.34$0.15
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.9$79.9$7.00$3.29$3.20$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2015Detailed filing. Detailed filing data is available for this year.$86.6$78.0$8.56$3.15$3.15$0.00
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.9$75.9$8.07$3.20$3.07$0.13
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2012Summary only. Only limited summary data is available for this year.$85.5$78.2$7.24$3.33$3.63$0.29
2011Summary only. Only limited summary data is available for this year.$87.5$80.0$7.41$3.69$3.89$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.9$77.6$7.35$4.11
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
Oct 27, 2023
Return Version
2022v5.0
Gross Receipts
$3,969,654
Mission and Program Overview

Mission

A nonprofit member-owned thrift institution organized to provide financial services to individuals. Operations are primarily related to holding deposit for and making loans to members.

We will strive to develop lifelong relationships that enhance the personal and financial success of our membership and improve the communities in which we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$62,822,359$64,539,186▲ $1,716,827
Investments in Publicly Traded Securities$13,678,923$21,585,442▲ $7,906,519
Savings and Temporary Cash Investments$36,332,329$21,531,254▼ $14,801,075
Rtn Earn Endowment Incm Other Fnds$8,259,930$8,497,748▲ $237,818
Investments Other Securities$881,145$6,467,815▲ $5,586,670
Cash and Non-Interest-Bearing Accounts$1,170,831$1,040,342▼ $130,489
Land, Buildings, and Equipment, Net$836,948$755,014▼ $81,934
Prepaid Expenses and Deferred Charges$285,085$322,715▲ $37,630
Accounts Receivable$191,438$238,069▲ $46,631
Intangible Assets-$55,369-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$117,463,215$118,091,803▲ $628,588
Other Assets Total$1,264,157$1,556,597▲ $292,440
Liabilities
Other Liabilities$108,241,980$107,436,070▼ $805,910
Accounts Payable and Accrued Expenses$906,229$2,086,844▲ $1,180,615
Escrow Account Liability$55,076$71,141▲ $16,065
Total Liabilities$109,203,285$109,594,055▲ $390,770
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,259,930$8,497,748▲ $237,818
Total Liabilities and Net Assets / Fund Balance$117,463,215$118,091,803▲ $628,588

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$552,747$1,703,084$2,255,831
Equipment$74,330$1,150,837$1,225,167
Land$127,937-$127,937
Other Securities$5,500,000--
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John LyonPresident/CEOFT$127,658$18,057$145,715

Board Members and Trustees

NameTitle
John MorrisseyChair
Thomas GenthnerVice Chair
Helen SchumacherDirector
Peter JohnsonDirector
Richard DarulaDirector
Al GosselinDirector (thru 05/2022)
James BellerSecretary
Monica YuhasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,153,728
Investment Income
$815,926
Other Revenue
$0
Change in Net Assets
$349,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,034,644
Salaries, Compensation, and Employee Benefits$1,585,489
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,134,969
All Other Expenses---$351,542
Fees for Services Other---$244,930
Office Expenses---$220,624
Other Employee Benefits---$192,729
Current Officers, Directors, Trustees, and Key Employees---$145,715
Other Expenses---$115,040
Depreciation Depletion---$114,425
Occupancy---$100,019
Payroll Taxes---$92,121
Advertising---$48,726
Insurance---$38,776
Fees for Services Accounting---$25,099
Pension Plan Contributions---$19,955
Travel---$18,183
Fees for Services Legal---$12,675
Conferences and Meetings---$3,150
Information Technology---$2,889
Total Functional Expenses$0$0$0$3,620,133
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
Member Deposits$107,436,070
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

“Members are owners of a share of the credit union represented by a minimum deposit in a share account. Membership is open to individuals living or working in the counties of kenosha, racine, walworth, milwaukee, rock, and waukesha in wisconsin and the counties of lake and mchenry in illinois.”

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

“Board of directors is elected by members.”

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

“Per the by-laws, certain decisions require membership approval.”

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

“The 990 is reviewed by the ceo before the return is filed.”

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

“No director, officer, committee member, agent or employee of this credit union shall in any manner, directly or indirectly, participate in the deliberation upon or the determination of any question affecting his or her pecuniary or personal interest or the pecuniary interest of any organization or association in which the person is directly or indirectly interested. In the event of disqualification of any director or member of the credit committee respecting any matter presented to the board or credit committee for deliberation or determination, such director or committee member shall withdraw from the deliberation or determination. If a director or credit committee member withdraws from any deliberation or determination, the remaining qualified directors or credit committee members present at the meeting may exercise all powers of the board or credit committee, provided the number of directors or credit committee members present, including the disqualified directors or members, constitutes a quorum.”

Form 990, Part VI, Section B, Line 15

“Various sources of comparative data are used, and ranges are determined for each position. These ranges are reviewed against industry standards each year and adjusted as necessary. The board reviews the ceo performance and compensation annually, and the ceo reviews performance and compensation of key employees annually.”

Form 990, Part VI, Section C, Line 19

“These documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Southern Lakes Credit Union
EIN
39-0900961
Phone
2626941600
Address
3000 80TH STREET, KENOSHA, WI 53141

Signing Officer

Name
John Lyon
Title
President/CEO
Phone
2626941600
Signed
2023-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Lyon
Formed
1935
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
48
Volunteers
7

Preparer

Firm
Wipfli Llp
Address
1502 LONDON ROAD SUITE 200, DULUTH, MN 55812
Preparer
Michael J Peterson CPA
Phone
2187224705
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The organization is the trustee of certain member's escrow funds and has fiduciary responsibility for the administration and distribution of these funds for members of the organization.”

Raw XML Appendix394 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0906229
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02086844
IRS990/AccountsReceivableGrp/BOYAmt0191438
IRS990/AccountsReceivableGrp/EOYAmt0238069
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0WE WILL STRIVE TO DEVELOP LIFELONG RELATIONSHIPS THAT ENHANCE THE PERSONAL AND FINANCIAL SUCCESS OF OUR MEMBERSHIP AND IMPROVE THE COMMUNITIES IN WHICH WE SERVE.
IRS990/AdvertisingGrp/TotalAmt048726
IRS990/AllOtherExpensesGrp/TotalAmt0351542
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JOHN LYON
IRS990/BooksInCareOfDetail/PhoneNum02626941600
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03000 80TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0KENOSHA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053141
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01170831
IRS990/CashNonInterestBearingGrp/EOYAmt01040342
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0145715
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt03150
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0815926
IRS990/CYOtherExpensesAmt02034644
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt03153728
IRS990/CYRevenuesLessExpensesAmt0349521
IRS990/CYSalariesCompEmpBnftPaidAmt01585489
IRS990/CYTotalExpensesAmt03620133
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03969654
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0114425
IRS990/Desc0AS THE ONLY LOCALLY-BASED, OPEN-TO-THE-COMMUNITY FINANCIAL INSTITUTION HEADQUARTERED IN KENOSHA, WI, WE WORK TO SERVE OUR 9,907 MEMBER-OWNERS AS A SAFE, SECURE, AND FINANCIALLY-STABLE PLACE TO CONDUCT BUSINESS. OUR FOCUS IS TO SERVE OUR MEMBERS AND SUPPORT THE COMMUNITIES WE SERVE BY PROVIDING ACCESS TO AFFORDABLE CREDIT AND FINANCIAL SERVICES AT FAVORABLE RATES.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt048
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EscrowAccountLiabilityGrp/BOYAmt055076
IRS990/EscrowAccountLiabilityGrp/EOYAmt071141
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt025099
IRS990/FeesForServicesLegalGrp/TotalAmt012675
IRS990/FeesForServicesOtherGrp/TotalAmt0244930
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
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/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt818057
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN MORRISSEY
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS GENTHNER
IRS990/Form990PartVIISectionAGrp/PersonNm2MONICA YUHAS
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES BELLER
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD DARULA
IRS990/Form990PartVIISectionAGrp/PersonNm5AL GOSSELIN
IRS990/Form990PartVIISectionAGrp/PersonNm6PETER JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm7HELEN SCHUMACHER
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN LYON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8127658
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/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (THRU 05/2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01935
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03969654
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt02889
IRS990/InsuranceGrp/TotalAmt038776
IRS990/IntangibleAssetsGrp/EOYAmt055369
IRS990/InvestmentIncomeGrp/ExclusionAmt0815926
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0815926
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0881145
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt06467815
IRS990/InvestmentsPubTradedSecGrp/BOYAmt013678923
IRS990/InvestmentsPubTradedSecGrp/EOYAmt021585442
IRS990/IRPDocumentCnt01755
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02853921
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0836948
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0755014
IRS990/LandBldgEquipCostOrOtherBssAmt03608935
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE WILL STRIVE TO MAKE A SIGNIFICANT DIFFERENCE IN IMPROVING THE QUALITY OF LIFE OF OUR MEMBERS AND THE COMMUNITIES WE SERVE BY PROVIDING AFFORDABLE ACCESS TO CREDIT AND FINANCIAL SERVICES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08259930
IRS990/NetAssetsOrFundBalancesEOYAmt08497748
IRS990/NetUnrelatedBusTxblIncmAmt05732
IRS990/NetUnrlzdGainsLossesInvstAmt0-111703
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0100019
IRS990/OfficeExpensesGrp/TotalAmt0220624
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01264157
IRS990/OtherAssetsTotalGrp/EOYAmt01556597
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0192729
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2DIVIDENDS ON MEMBER SHA
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0365191
IRS990/OtherExpensesGrp/TotalAmt1215584
IRS990/OtherExpensesGrp/TotalAmt2157791
IRS990/OtherExpensesGrp/TotalAmt3115040
IRS990/OtherLiabilitiesGrp/BOYAmt0108241980
IRS990/OtherLiabilitiesGrp/EOYAmt0107436070
IRS990/OtherSalariesAndWagesGrp/TotalAmt01134969
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt062822359
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt064539186
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt092121
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt019955
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0285085
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0322715
IRS990/PrincipalOfficerNm0JOHN LYON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02381907
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1763832
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02381907
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1771821
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt07989
IRS990/ProgSrvcAccomActy2Grp/Desc0WE DRIVE VALUE BACK TO OUR MEMBERS AND HELP THEM SAVE MONEY ON INTEREST BY OFFERING LOANS AT VERY COMPETITIVE RATES. AS OF DECEMBER 31, 2022, WE HAVE 4,313 LOANS OUTSTANDING TO OUR MEMBERS TOTALING $62,496,492. WE WORK WITH BORROWERS TO IMPROVE THEIR CREDIT SO THEY PAY LESS IN INTEREST OVER THEIR LIVES AND WORK WITH FIRST-TIME BORROWERS TO UNDERSTAND LOANS AND CREDIT. IN 2022, OUR MEMBERS OBTAINED 1,229 IN LOANS FROM THEIR CREDIT UNION TOTALING $29,461,668.
IRS990/ProgSrvcAccomActy3Grp/Desc0MEMBERS HAVE ENTRUSTED US WITH THEIR DEPOSITS IN SHARE, SHARE DRAFT, MONEY MARKET, IRA, HSA, AND TERM SHARE CERTIFICATE ACCOUNTS. AS OF DECEMBER 31, 2022, WE HAVE $107,426,328 IN DEPOSITS FROM OUR MEMBERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt02500
IRS990/PYInvestmentIncomeAmt0288376
IRS990/PYOtherExpensesAmt01849709
IRS990/PYOtherRevenueAmt0900
IRS990/PYProgramServiceRevenueAmt03492421
IRS990/PYRevenuesLessExpensesAmt029887
IRS990/PYSalariesCompEmpBnftPaidAmt01899601
IRS990/PYTotalExpensesAmt03751810
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03781697
IRS990/ReconcilationRevenueExpnssAmt0349521
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08259930
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08497748
IRS990/SavingsAndTempCashInvstGrp/BOYAmt036332329
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021531254
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0552747
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01703084
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02255831
IRS990ScheduleD/EquipmentGrp/BookValueAmt074330
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01150837
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01225167
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0127937
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0127937
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0107436070
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0670110
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1210205
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt287500
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt35500000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0NONPERPETUAL CAPITAL ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PERPETUAL CONTRIBUTED CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/Desc2ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3TIME DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS THE TRUSTEE OF CERTAIN MEMBER'S ESCROW FUNDS AND HAS FIDUCIARY RESPONSIBILITY FOR THE ADMINISTRATION AND DISTRIBUTION OF THESE FUNDS FOR MEMBERS OF THE ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0755014
IRS990ScheduleD/TotalBookValueSecuritiesAmt06467815
IRS990ScheduleD/TotalLiabilityAmt0107436070
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ARE OWNERS OF A SHARE OF THE CREDIT UNION REPRESENTED BY A MINIMUM DEPOSIT IN A SHARE ACCOUNT. MEMBERSHIP IS OPEN TO INDIVIDUALS LIVING OR WORKING IN THE COUNTIES OF KENOSHA, RACINE, WALWORTH, MILWAUKEE, ROCK, AND WAUKESHA IN WISCONSIN AND THE COUNTIES OF LAKE AND MCHENRY IN ILLINOIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS IS ELECTED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PER THE BY-LAWS, CERTAIN DECISIONS REQUIRE MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS REVIEWED BY THE CEO BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DIRECTOR, OFFICER, COMMITTEE MEMBER, AGENT OR EMPLOYEE OF THIS CREDIT UNION SHALL IN ANY MANNER, DIRECTLY OR INDIRECTLY, PARTICIPATE IN THE DELIBERATION UPON OR THE DETERMINATION OF ANY QUESTION AFFECTING HIS OR HER PECUNIARY OR PERSONAL INTEREST OR THE PECUNIARY INTEREST OF ANY ORGANIZATION OR ASSOCIATION IN WHICH THE PERSON IS DIRECTLY OR INDIRECTLY INTERESTED. IN THE EVENT OF DISQUALIFICATION OF ANY DIRECTOR OR MEMBER OF THE CREDIT COMMITTEE RESPECTING ANY MATTER PRESENTED TO THE BOARD OR CREDIT COMMITTEE FOR DELIBERATION OR DETERMINATION, SUCH DIRECTOR OR COMMITTEE MEMBER SHALL WITHDRAW FROM THE DELIBERATION OR DETERMINATION. IF A DIRECTOR OR CREDIT COMMITTEE MEMBER WITHDRAWS FROM ANY DELIBERATION OR DETERMINATION, THE REMAINING QUALIFIED DIRECTORS OR CREDIT COMMITTEE MEMBERS PRESENT AT THE MEETING MAY EXERCISE ALL POWERS OF THE BOARD OR CREDIT COMMITTEE, PROVIDED THE NUMBER OF DIRECTORS OR CREDIT COMMITTEE MEMBERS PRESENT, INCLUDING THE DISQUALIFIED DIRECTORS OR MEMBERS, CONSTITUTES A QUORUM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5VARIOUS SOURCES OF COMPARATIVE DATA ARE USED, AND RANGES ARE DETERMINED FOR EACH POSITION. THESE RANGES ARE REVIEWED AGAINST INDUSTRY STANDARDS EACH YEAR AND ADJUSTED AS NECESSARY. THE BOARD REVIEWS THE CEO PERFORMANCE AND COMPENSATION ANNUALLY, AND THE CEO REVIEWS PERFORMANCE AND COMPENSATION OF KEY EMPLOYEES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0117463215
IRS990/TotalAssetsEOYAmt0118091803
IRS990/TotalAssetsGrp/BOYAmt0117463215
IRS990/TotalAssetsGrp/EOYAmt0118091803
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt048
IRS990/TotalFunctionalExpensesGrp/TotalAmt03620133
IRS990/TotalGrossUBIAmt07989
IRS990/TotalLiabilitiesBOYAmt0109203285
IRS990/TotalLiabilitiesEOYAmt0109594055
IRS990/TotalLiabilitiesGrp/BOYAmt0109203285
IRS990/TotalLiabilitiesGrp/EOYAmt0109594055
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08259930
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08497748
IRS990/TotalOtherCompensationAmt018057
IRS990/TotalProgramServiceRevenueAmt03153728
IRS990/TotalReportableCompFromOrgAmt0127658
IRS990/TotalRevenueGrp/ExclusionAmt0815926
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03145739
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03969654
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt07989
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0117463215
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0118091803
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt018183
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03000 80TH STREET
IRS990/USAddress/CityNm0KENOSHA
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053141
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SOUTHERNLAKESCU.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN LYON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02626941600
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN LAKES CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0390900961
ReturnHeader/Filer/PhoneNum02626941600
ReturnHeader/Filer/USAddress/AddressLine1Txt03000 80TH STREET
ReturnHeader/Filer/USAddress/CityNm0KENOSHA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053141
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WIPFLI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01502 LONDON ROAD SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DULUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055812
ReturnHeader/PreparerPersonGrp/PhoneNum02187224705
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J PETERSON CPA
ReturnHeader/ReturnTs02023-11-13T11:52:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LYON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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