Civic Intelligence

Lakewood Credit Union

EIN 39-1016089 • 501(c)14 • Rib Lake, WI

Profile

To provide quality services to fulfill our member's financial needs in a community environment while maintaining financial stability.

PO Box 224Rib Lake, WI 54470

www.lakewoodcu.org

Siviq Scores

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

Liabilities / Assets

65th percentile

0.88x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

50th percentile

15.54x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2025

Net Margin

40th percentile

3.6%

Higher net margin than 40% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

52nd percentile

$82,771

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

501(c)14 • $10M-$25M nonprofits • Source year 2025

Asset Growth

91st percentile

8.8%

Faster asset growth than 91% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

87th percentile

19%

Faster revenue growth than 87% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets65th percentile

Using 2022 Form 990 data because the latest 2024 filing does not report standard financial totals.

Assets

Up

$15,366,093

Up $562,508 (+3.8%) from 2021

Liabilities

Up

$13,584,517

Up $551,152 (+4.2%) from 2021

Net Assets

Up

$1,781,576

Up $11,356 (+0.6%) from 2021

Operations
Liabilities / Revenue50th percentileNet Margin40th percentile

Revenue

Up

$437,438

Up $89,704 (+26%) from 2021

Expenses

Up

$426,082

Up $54,558 (+15%) from 2021

Net Income

Up

$11,356

Up $35,146 (+148%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth91st percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $9,998,708Liabilities 2010: $8,490,155Net Assets 2010: $1,508,5532010Assets 2011: $10,352,155Liabilities 2011: $8,832,911Net Assets 2011: $1,519,2442011Assets 2012: $10,773,329Liabilities 2012: $9,202,371Net Assets 2012: $1,570,9582012Assets 2014: $11,289,421Liabilities 2014: $9,680,876Net Assets 2014: $1,608,5452014Assets 2015: $12,247,352Liabilities 2015: $10,594,071Net Assets 2015: $1,653,2812015Assets 2016: $12,176,176Liabilities 2016: $10,464,715Net Assets 2016: $1,711,4612016Assets 2017: $11,646,762Liabilities 2017: $9,891,392Net Assets 2017: $1,755,3702017Assets 2018: $11,027,045Liabilities 2018: $9,219,992Net Assets 2018: $1,807,0532018Assets 2019: $10,883,916Liabilities 2019: $9,067,233Net Assets 2019: $1,816,6832019Assets 2020: $12,156,334Liabilities 2020: $10,362,324Net Assets 2020: $1,794,0102020Assets 2021: $14,803,585Liabilities 2021: $13,033,365Net Assets 2021: $1,770,2202021Assets 2022: $15,366,093Liabilities 2022: $13,584,517Net Assets 2022: $1,781,5762022

Latest loaded filing

2022

Assets$15,366,093
Liabilities$13,584,517
Net Assets$1,781,576
Open 2022 Filing

Operations Trend

Revenue Growth87th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $391,7962010Expenses 2011: $377,8292011Expenses 2012: $347,7432012Revenue 2014: $341,733Expenses 2014: $323,057Net Income 2014: $18,6762014Revenue 2015: $350,652Expenses 2015: $305,916Net Income 2015: $44,7362015Revenue 2016: $362,789Expenses 2016: $304,609Net Income 2016: $58,1802016Revenue 2017: $365,079Expenses 2017: $321,170Net Income 2017: $43,9092017Revenue 2018: $385,633Expenses 2018: $333,950Net Income 2018: $51,6832018Revenue 2019: $385,502Expenses 2019: $375,872Net Income 2019: $9,6302019Revenue 2020: $384,005Expenses 2020: $406,678Net Income 2020: -$22,6732020Revenue 2021: $347,734Expenses 2021: $371,524Net Income 2021: -$23,7902021Revenue 2022: $437,438Expenses 2022: $426,082Net Income 2022: $11,3562022

Latest loaded filing

2022

Revenue$437,438
Expenses$426,082
Net Income$11,356
Open 2022 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
-
Liabilities
-
Net assets
-
Revenue
-
Expenses
-
Net income
-
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.
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$13.6$1.78$0.44$0.43$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$13.0$1.77$0.35$0.37$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$10.4$1.79$0.38$0.41$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$9.07$1.82$0.39$0.38$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$9.22$1.81$0.39$0.33$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$9.89$1.76$0.37$0.32$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$10.5$1.71$0.36$0.30$0.06
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$12.2$10.6$1.65$0.35$0.31$0.04
2014Detailed filing. Detailed filing data is available for this year.$11.3$9.68$1.61$0.34$0.32$0.02
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.$10.8$9.20$1.57$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$8.83$1.52$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.00$8.49$1.51$0.39
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
Apr 4, 2023
Return Version
2022v5.0
Gross Receipts
$444,739
Mission and Program Overview

Mission

To provide quality services to fulfill our member's financial needs in a community environment while maintaining financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,388,370$6,125,460▲ $737,090
Investments Program Related$4,693,493$5,191,493▲ $498,000
Savings and Temporary Cash Investments$4,284,988$3,516,715▼ $768,273
Rtn Earn Endowment Incm Other Fnds$1,770,220$1,781,576▲ $11,356
Cash and Non-Interest-Bearing Accounts$224,853$248,354▲ $23,501
Prepaid Expenses and Deferred Charges$30,464$65,445▲ $34,981
Land, Buildings, and Equipment, Net$57,277$58,668▲ $1,391
Total Assets$14,803,585$15,366,093▲ $562,508
Other Assets Total$124,140$159,958▲ $35,818
Liabilities
Other Liabilities$12,989,326$13,427,028▲ $437,702
Accounts Payable and Accrued Expenses$44,039$157,489▲ $113,450
Total Liabilities$13,033,365$13,584,517▲ $551,152
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,770,220$1,781,576▲ $11,356
Total Liabilities and Net Assets / Fund Balance$14,803,585$15,366,093▲ $562,508

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,982$120,263$124,245
Equipment$23,263$56,970$80,233
Other Land Buildings$16,505$12,982$29,487
Land$14,918-$14,918
Investment Program Related Org$49,493--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy KetterhagenPresidentFT$46,406$805$47,211
Jonathan RoepkeVice PresideFT$24,450$201$24,651
Beverly TeschDirector/int-$1,150-$1,150
Glen HarderChair-$590-$590
Mary KauerSecretary-$550-$550
Tammy MannVice Chair-$550-$550
William SchreinerTreasurer-$500-$500
Dawn ThumsSecretary-$350-$350
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$307,728
Investment Income
$129,710
Other Revenue
$0
Change in Net Assets
$11,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$223,259
Salaries, Compensation, and Employee Benefits$201,134
Grants and Similar Amounts Paid$1,689
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$110,077
Office Expenses---$83,206
Current Officers, Directors, Trustees, and Key Employees---$74,546
Information Technology---$64,608
Payroll Taxes---$14,496
Depreciation Depletion---$13,158
Occupancy---$10,849
Other Expenses---$9,303
Insurance---$8,806
Fees for Services Accounting---$7,537
Conferences and Meetings---$4,489
Fees for Services Other---$4,434
Advertising---$3,273
Other Employee Benefits---$2,015
Grants to Domestic Orgs---$1,489
Grants to Domestic Individuals---$200
Total Functional Expenses$0$0$0$426,082
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 Shares & Deposits$13,427,028
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has members. To be a member one must have a share (savings) account at the credit union.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the credit union members. Each member has one vote.”

Form 990, Page 6, Part VI, Line 7B

“A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.”

Form 990, Page 6, Part VI, Line 11B

“Management provides necessary data to independent cpa who completes the return. Management reviews the return for accuracy, and then authorizes cpa to e-file the approved return. Management reviews the return with the directors at their next board meeting.”

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

“The board of directors determines the compensation for the president and all of the staff. This is based on employee evaluations. Approval of compensation is noted in board minutes.”

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

“The board of directors determines the compensation for all employees. This is based on employee evaluations. Approval of compensation is noted in board minutes.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements available to members upon request. The year-end financials are also posted in the lobby.”

Filing and Contact Details

Filer

Filer Name
Lakewood Credit Union
EIN
39-1016089
Phone
7154275201
Address
PO BOX 224, RIB LAKE, WI 54470

Signing Officer

Name
Amy Ketterhagen
Title
President
Phone
7154275201
Signed
2023-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Ketterhagen
Formed
1961
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
6
Employees
10
Volunteers
6

Preparer

Firm
Brent Wookey CPA
Address
PO BOX 1512, LA CROSSE, WI 54602-1512
Preparer
Brent Wookey CPA
Phone
6087920843
Raw XML Appendix362 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt044039
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0157489
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE QUALITY SERVICES TO FULFILL OUR MEMBER'S FINANCIAL NEEDS IN A COMMUNITY ENVIRONMENT WHILE MAINTAINING FINANCIAL STABILITY.
IRS990/AdvertisingGrp/TotalAmt03273
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0AMY KETTERHAGEN
IRS990/BooksInCareOfDetail/PhoneNum07154275201
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 224
IRS990/BooksInCareOfDetail/USAddress/CityNm0RIB LAKE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd054470
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0224853
IRS990/CashNonInterestBearingGrp/EOYAmt0248354
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt074546
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt04489
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt01689
IRS990/CYInvestmentIncomeAmt0129710
IRS990/CYOtherExpensesAmt0223259
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0307728
IRS990/CYRevenuesLessExpensesAmt011356
IRS990/CYSalariesCompEmpBnftPaidAmt0201134
IRS990/CYTotalExpensesAmt0426082
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0437438
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt013158
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 71 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 1,342 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt07537
IRS990/FeesForServicesOtherGrp/TotalAmt04434
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt138.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0805
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1201
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0AMY KETTERHAGEN
IRS990/Form990PartVIISectionAGrp/PersonNm1JONATHAN ROEPKE
IRS990/Form990PartVIISectionAGrp/PersonNm2BEVERLY TESCH
IRS990/Form990PartVIISectionAGrp/PersonNm3GLEN HARDER
IRS990/Form990PartVIISectionAGrp/PersonNm4MARY KAUER
IRS990/Form990PartVIISectionAGrp/PersonNm5TAMMY MANN
IRS990/Form990PartVIISectionAGrp/PersonNm6WILLIAM SCHREINER
IRS990/Form990PartVIISectionAGrp/PersonNm7DAWN THUMS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt046406
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt124450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3590
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4550
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/INT
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt08352
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0200
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt015653
IRS990/GrossReceiptsAmt0444739
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
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IRS990/InsuranceGrp/TotalAmt08806
IRS990/InvestmentIncomeGrp/ExclusionAmt0121358
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0121358
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt04693493
IRS990/InvestmentsProgramRelatedGrp/EOYAmt05191493
IRS990/IRPDocumentCnt0209
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0190215
IRS990/LandBldgEquipBasisNetGrp/BOYAmt057277
IRS990/LandBldgEquipBasisNetGrp/EOYAmt058668
IRS990/LandBldgEquipCostOrOtherBssAmt0248883
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt07301
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0TO PROVIDE QUALITY SERVICES TO FULFILL OUR MEMBER'S FINANCIAL NEEDS IN A COMMUNITY ENVIRONMENT WHILE MAINTAINING FINANCIAL STABILITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01770220
IRS990/NetAssetsOrFundBalancesEOYAmt01781576
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt08352
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt08352
IRS990/NetUnrelatedBusTxblIncmAmt06973
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt010849
IRS990/OfficeExpensesGrp/TotalAmt083206
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0124140
IRS990/OtherAssetsTotalGrp/EOYAmt0159958
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02015
IRS990/OtherExpensesGrp/Desc0DIVIDENDS EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt013596
IRS990/OtherExpensesGrp/TotalAmt19303
IRS990/OtherLiabilitiesGrp/BOYAmt012989326
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05388370
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06125460
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt014496
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030464
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt065445
IRS990/PrincipalOfficerNm0AMY KETTERHAGEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2520000
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2NON-MEMBER SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER MEMBER RELATED INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0264654
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126788
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25099
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0264654
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126788
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211187
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35099
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt011187
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 39,076 NEW LOANS DURING 2022. AS OF 12/31/22 WE HAD 36,334 OUTSTANDING LOANS RECEIVABLE.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04814
IRS990/PYGrantsAndSimilarPaidAmt0100
IRS990/PYInvestmentIncomeAmt070720
IRS990/PYOtherExpensesAmt0216878
IRS990/PYProgramServiceRevenueAmt0272200
IRS990/PYRevenuesLessExpensesAmt0-23790
IRS990/PYSalariesCompEmpBnftPaidAmt0154546
IRS990/PYTotalExpensesAmt0371524
IRS990/PYTotalRevenueAmt0347734
IRS990/ReconcilationRevenueExpnssAmt011356
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01770220
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01781576
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04284988
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03516715
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03982
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0120263
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0124245
IRS990ScheduleD/EquipmentGrp/BookValueAmt023263
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056970
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080233
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt04292000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1850000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt249493
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0OTHER INVESTMENTS MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1HTM SECURITIES WITH MATURITY > 1 YR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CORPORATE CU CAPITAL ACCOUNTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt014918
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt014918
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016505
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012982
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt029487
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013427028
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt058668
IRS990ScheduleD/TotalBookValueProgramRltdAmt05191493
IRS990ScheduleD/TotalLiabilityAmt013427028
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE DIRECTORS AT THEIR NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR THE PRESIDENT AND ALL OF THE STAFF. THIS IS BASED ON EMPLOYEE EVALUATIONS. APPROVAL OF COMPENSATION IS NOTED IN BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR ALL EMPLOYEES. THIS IS BASED ON EMPLOYEE EVALUATIONS. APPROVAL OF COMPENSATION IS NOTED IN BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS UPON REQUEST. THE YEAR-END FINANCIALS ARE ALSO POSTED IN THE LOBBY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014803585
IRS990/TotalAssetsEOYAmt015366093
IRS990/TotalAssetsGrp/BOYAmt014803585
IRS990/TotalAssetsGrp/EOYAmt015366093
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0426082
IRS990/TotalGrossUBIAmt011187
IRS990/TotalLiabilitiesBOYAmt013033365
IRS990/TotalLiabilitiesEOYAmt013584517
IRS990/TotalLiabilitiesGrp/BOYAmt013033365
IRS990/TotalLiabilitiesGrp/EOYAmt013584517
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01770220
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01781576
IRS990/TotalOtherCompensationAmt01006
IRS990/TotalProgramServiceRevenueAmt0307728
IRS990/TotalReportableCompFromOrgAmt074546
IRS990/TotalRevenueGrp/ExclusionAmt0121358
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0304893
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0437438
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt011187
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014803585
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015366093
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 224
IRS990/USAddress/CityNm0RIB LAKE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054470
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.LAKEWOODCU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY KETTERHAGEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07154275201
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKEWOOD CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0391016089
ReturnHeader/Filer/PhoneNum07154275201
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 224
ReturnHeader/Filer/USAddress/CityNm0RIB LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054470
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461065712
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRENT WOOKEY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1512
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LA CROSSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0546021512
ReturnHeader/PreparerPersonGrp/PhoneNum06087920843
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-04-13T20:23:18-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0AMY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KETTERHAGEN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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