Civic Intelligence

Empower Credit Union

EIN 39-1909991 • 501(c)14 • West Allis, WI

View Organization Page

Profile

Promote thrift and responsible borrowing among our members.

10635 W Greenfield AvenueWest Allis, WI 53214

empower-cu.org

Siviq Scores

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

Liabilities / Assets

12th percentile

0.80x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

20.38x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2019

Net Margin

26th percentile

4.8%

Higher net margin than 26% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

75th percentile

4.5%

Faster asset growth than 75% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

0.9%

Faster revenue growth than 16% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets12th percentile

Assets

Down

$0

Down $91,316,294 (-100%) from 2023

Liabilities

Down

$0

Down $73,153,161 (-100%) from 2023

Net Assets

Down

$0

Down $18,163,133 (-100%) from 2023

Operations
Liabilities / Revenue76th percentileNet Margin26th percentile

Revenue

Up

$4,398,382

Up $333,644 (+8.2%) from 2023

Expenses

Up

$4,959,501

Up $1,005,024 (+25%) from 2023

Net Income

Down

-$561,119

Down $671,380 (-609%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

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

$150M$100M$50M$0Assets 2010: $120,543,742Liabilities 2010: $100,463,143Net Assets 2010: $20,080,5992010Assets 2011: $119,609,341Liabilities 2011: $100,799,593Net Assets 2011: $18,809,7482011Assets 2012: $111,260,107Liabilities 2012: $94,823,339Net Assets 2012: $16,436,7682012Assets 2013: $104,966,680Liabilities 2013: $88,666,474Net Assets 2013: $16,300,2062013Assets 2014: $102,783,287Liabilities 2014: $85,936,008Net Assets 2014: $16,847,2792014Assets 2015: $97,467,821Liabilities 2015: $80,481,113Net Assets 2015: $16,986,7082015Assets 2016: $92,753,919Liabilities 2016: $75,955,770Net Assets 2016: $16,798,1492016Assets 2017: $90,361,396Liabilities 2017: $73,114,740Net Assets 2017: $17,246,6562017Assets 2018: $85,455,412Liabilities 2018: $67,752,459Net Assets 2018: $17,702,9532018Assets 2019: $89,278,973Liabilities 2019: $71,300,524Net Assets 2019: $17,978,4492019Assets 2020: $93,983,871Liabilities 2020: $75,607,624Net Assets 2020: $18,376,2472020Assets 2021: $101,297,194Liabilities 2021: $82,946,587Net Assets 2021: $18,350,6072021Assets 2022: $98,901,660Liabilities 2022: $80,896,314Net Assets 2022: $18,005,3462022Assets 2023: $91,316,294Liabilities 2023: $73,153,161Net Assets 2023: $18,163,1332023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $7,289,7582010Expenses 2011: $4,785,3612011Expenses 2012: $7,920,9772012Revenue 2013: $3,613,630Expenses 2013: $3,570,895Net Income 2013: $42,7352013Revenue 2014: $3,587,764Expenses 2014: $3,317,340Net Income 2014: $270,4242014Revenue 2015: $3,288,506Expenses 2015: $3,160,951Net Income 2015: $127,5552015Revenue 2016: $3,280,755Expenses 2016: $3,488,884Net Income 2016: -$208,1292016Revenue 2017: $3,250,142Expenses 2017: $2,846,625Net Income 2017: $403,5172017Revenue 2018: $3,466,125Expenses 2018: $3,005,144Net Income 2018: $460,9812018Revenue 2019: $3,498,462Expenses 2019: $3,329,413Net Income 2019: $169,0492019Revenue 2020: $4,064,654Expenses 2020: $3,753,091Net Income 2020: $311,5632020Revenue 2021: $3,603,724Expenses 2021: $3,585,927Net Income 2021: $17,7972021Revenue 2022: $3,224,486Expenses 2022: $3,387,568Net Income 2022: -$163,0822022Revenue 2023: $4,064,738Expenses 2023: $3,954,477Net Income 2023: $110,2612023Revenue 2024: $4,398,382Expenses 2024: $4,959,501Net Income 2024: -$561,1192024

Highlighted filing

2024

Revenue$4,398,382
Expenses$4,959,501
Net Income-$561,119
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$4,398,382
Expenses
$4,959,501
Net income
-$561,119
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$4.40$4.96$0.56
2023Detailed filing. Detailed filing data is available for this year.$91.3$73.2$18.2$4.06$3.95$0.11
2022Detailed filing. Detailed filing data is available for this year.$98.9$80.9$18.0$3.22$3.39$0.16
2021Detailed filing. Detailed filing data is available for this year.$101$82.9$18.4$3.60$3.59$0.02
2020Detailed filing. Detailed filing data is available for this year.$94.0$75.6$18.4$4.06$3.75$0.31
2019Detailed filing. Detailed filing data is available for this year.$89.3$71.3$18.0$3.50$3.33$0.17
2018Detailed filing. Detailed filing data is available for this year.$85.5$67.8$17.7$3.47$3.01$0.46
2017Detailed filing. Detailed filing data is available for this year.$90.4$73.1$17.2$3.25$2.85$0.40
2016Detailed filing. Detailed filing data is available for this year.$92.8$76.0$16.8$3.28$3.49$0.21
2015Detailed filing. Detailed filing data is available for this year.$97.5$80.5$17.0$3.29$3.16$0.13
2014Detailed filing. Detailed filing data is available for this year.$103$85.9$16.8$3.59$3.32$0.27
2013Detailed filing. Detailed filing data is available for this year.$105$88.7$16.3$3.61$3.57$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$94.8$16.4$7.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$120$101$18.8$4.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$121$100$20.1$7.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 20, 2025
Return Version
2024v5.0
Gross Receipts
$4,398,382
Mission and Program Overview

Mission

Promote thrift and responsible borrowing among our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$67,781,693$0▼ $67,781,693
Rtn Earn Endowment Incm Other Fnds$18,163,133$0▼ $18,163,133
Investments Other Securities$11,990,278$0▼ $11,990,278
Savings and Temporary Cash Investments$4,131,423$0▼ $4,131,423
Land, Buildings, and Equipment, Net$3,585,600$0▼ $3,585,600
Investments Program Related$1,342,173$0▼ $1,342,173
Cash and Non-Interest-Bearing Accounts$748,542$0▼ $748,542
Prepaid Expenses and Deferred Charges$168,442$0▼ $168,442
Accounts Receivable$9,014$0▼ $9,014
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$91,316,294$0▼ $91,316,294
Other Assets Total$1,559,129$0▼ $1,559,129
Liabilities
Other Liabilities$71,173,066$0▼ $71,173,066
Accounts Payable and Accrued Expenses$1,954,395--
Escrow Account Liability$25,700--
Total Liabilities$73,153,161$0▼ $73,153,161
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,163,133$0▼ $18,163,133
Total Liabilities and Net Assets / Fund Balance$91,316,294$0▼ $91,316,294
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael BrandtCEOFT$135,655$44,430$180,085

Board Members and Trustees

NameTitle
Jared PeccarelliChair
Brian HeinzelmanVice Chair
Matt CarpenterBoard Member
Cydney KeySecretary
Todd GordonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,705,281
Investment Income
$693,101
Other Revenue
$0
Change in Net Assets
$-561,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,708,832
Salaries, Compensation, and Employee Benefits$1,250,669
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$855,741
Office Expenses---$361,816
Occupancy---$299,731
Other Expenses---$297,102
Fees for Services Legal---$198,098
Current Officers, Directors, Trustees, and Key Employees---$160,294
Information Technology---$155,973
Depreciation Depletion---$134,859
Other Employee Benefits---$105,713
Payroll Taxes---$82,708
All Other Expenses---$49,324
Insurance---$48,651
Pension Plan Contributions---$46,213
Advertising---$24,076
Fees for Services Accounting---$18,617
Conferences and Meetings---$9,602
Interest---$1,043
Fees for Service Investment Mgmnt Fees---$855
Travel---$593
Total Functional Expenses$0$0$0$4,959,501
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

“We have members - all in one class.”

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

“Members elect the board members at the annual meeting.”

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

“Bylaw changes and membership eligibility changes.”

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

“990 is reviewed by the ceo.”

Form 990, Part VI, Section B, Line 12

“NO”

Form 990, Part VI, Section B, Line 15

“Form 990 part vi line 15b: the ceo reviews industry salary surveys and comparable market values.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Empower Credit Union
EIN
39-1909991
Phone
4149886676
Address
10635 W GREENFIELD AVENUE, WEST ALLIS, WI 53214

Signing Officer

Name
Jimmy Justman
Title
CFO
Phone
4149886676
Signed
2025-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jimmy Justman
Formed
1914
Legal Domicile
Wi
Voting Board Members
6
Independent Board Members
5
Employees
21
Volunteers
5

Preparer

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

Additional Explanations

FORM 990, PART XI, LINE 9:

“Special dividend to members -2,306,980. Equity transfered to credit union during merger -15,340,668.”

Financial Statement Notes

PART IV, LINE 2B:

“The credit union maintained escrow accounts associated with real estate mortgages (property taxes) for members.”

Raw XML AppendixShowing 400 of 466 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
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IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03154177
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1277776
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2266514
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03154177
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1281555
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2269549
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt03779
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt13035
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0481240
IRS990/PYOtherExpensesAmt02690011
IRS990/PYOtherRevenueAmt050000
IRS990/PYProgramServiceRevenueAmt03533498
IRS990/PYRevenuesLessExpensesAmt0110261
IRS990/PYSalariesCompEmpBnftPaidAmt01264466
IRS990/PYTotalExpensesAmt03954477
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04064738
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-561119
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt018163133
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04131423
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION MAINTAINED ESCROW ACCOUNTS ASSOCIATED WITH REAL ESTATE MORTGAGES (PROPERTY TAXES) FOR MEMBERS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0135655
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount024639
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08015
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt011776
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL BRANDT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0180085
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind01
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH AND CASH EQUIVALENTS
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1INVESTMENTS (SECURITIES)
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2OTHER INVESTMENTS
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3LOAN PORTFOLIO
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4PROPERTY AND EQUIPMENT
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5OTHER ASSETS
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc6ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc7MEMBER DEPOSITS
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0EDUCATORS CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt1EDUCATORS CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt2EDUCATORS CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt3EDUCATORS CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt4EDUCATORS CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt5EDUCATORS CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt6EDUCATORS CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt7EDUCATORS CREDIT UNION
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02024-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12024-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt22024-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt32024-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt42024-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt52024-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt62024-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt72024-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0390555293
IRS990ScheduleN/DispositionOfAssetsDetail/EIN1390555293
IRS990ScheduleN/DispositionOfAssetsDetail/EIN2390555293
IRS990ScheduleN/DispositionOfAssetsDetail/EIN3390555293
IRS990ScheduleN/DispositionOfAssetsDetail/EIN4390555293
IRS990ScheduleN/DispositionOfAssetsDetail/EIN5390555293
IRS990ScheduleN/DispositionOfAssetsDetail/EIN6390555293
IRS990ScheduleN/DispositionOfAssetsDetail/EIN7390555293
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt011275355
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt15684255
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt21331673
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt363673321
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt43338846
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt51440712
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt6-1310336
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt7-70135702
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)(14)
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt1501(C)(14)
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt2501(C)(14)
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt3501(C)(14)
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt4501(C)(14)
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt5501(C)(14)
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt6501(C)(14)
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt7501(C)(14)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0TRANSFERRED TO EDUCATORS CREDIT UNION (MERGED)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1TRANSFERRED TO EDUCATORS CREDIT UNION (MERGED)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt2TRANSFERRED TO EDUCATORS CREDIT UNION (MERGED)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt3ASSUMED BY EDUCATORS CREDIT UNION (MERGED)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt4TRANSFERRED TO EDUCATORS CREDIT UNION (MERGED)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt5TRANSFERRED TO EDUCATORS CREDIT UNION (MERGED)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt6ASSUMED BY EDUCATORS CREDIT UNION (MERGED)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt7ASSUMED BY EDUCATORS CREDIT UNION (MERGED)
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt01326 WILLOW ROAD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt11326 WILLOW ROAD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt21326 WILLOW ROAD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt31326 WILLOW ROAD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt41326 WILLOW ROAD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt51326 WILLOW ROAD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt61326 WILLOW ROAD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt71326 WILLOW ROAD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0MT PLEASANT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1MT PLEASANT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm2MT PLEASANT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm3MT PLEASANT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm4MT PLEASANT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm5MT PLEASANT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm6MT PLEASANT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm7MT PLEASANT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd1WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd2WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd3WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd4WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd5WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd6WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd7WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd053177
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd153177
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd253177
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd353177
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd453177
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd553177
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd653177
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd753177
IRS990ScheduleN/EmployeeOfSuccessor2Ind01
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: 1) MATT CARPENTER, DIRECTOR2) MICHAEL BRANDT
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: 1) AS PART OF THE MERGER AGREEMENT, EDUCATORS CREDIT UNION SHALL TAKE ALL NECESSARY ACTION TO APPOINT ONE DIRECTOR FROM EMPOWER CREDIT UNION TO SERVE AS AN ASSOCIATE BOARD MEMBER OF THE COMBINED CREDIT UNION. 2) MICHAEL BRANDT, CEO OF EMPOWER CREDIT UNION, SIGNED AN EMPLOYMENT AGREEMENT WITH EDUCATORS CREDIT UNION. PURSUANT TO HIS EMPLOYMENT AGREEMENT, HE IS ENTITLED TO A RETENTION BONUS OF $150,000 IN CONSIDERATION OF THE SUCCESSFUL COMPLETION OF THE MERGER.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt2THE MERGER WAS APPROVED BY NCUA AND THE WISCONSIN DEPARTMENT OF FINANCIAL INSTITUTIONS.MEMBERS OF EMPOWER CREDIT UNION WERE AUTOMATICALLY TRANSFERRED TO EDUCATORS CREDIT UNION WITH NO CHANGES IN THEIR ACCOUNTS.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc2PART II, LINE 1
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE HAVE MEMBERS - ALL IN ONE CLASS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BYLAW CHANGES AND MEMBERSHIP ELIGIBILITY CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3990 IS REVIEWED BY THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 PART VI LINE 15B: THE CEO REVIEWS INDUSTRY SALARY SURVEYS AND COMPARABLE MARKET VALUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SPECIAL DIVIDEND TO MEMBERS -2,306,980. EQUITY TRANSFERED TO CREDIT UNION DURING MERGER -15,340,668.
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 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00

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