Civic Intelligence

Racine Municipal Employees Credit Union

EIN 39-6049917 • 501(c)14 • Racine, WI

Profile

To excel in providing services to present and prospective members in a friendly and helpful manner, while maintaining the credit union's long-term financial stability.

1907 Lathrop AvenueRacine, WI 53405

rmecu.org

Siviq Scores

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

Liabilities / Assets

58th percentile

0.87x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

17.24x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Net Margin

69th percentile

15%

Higher net margin than 69% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$88,819

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Asset Growth

71st percentile

3.5%

Faster asset growth than 71% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

15%

Faster revenue growth than 78% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$22,033,940

Up $743,660 (+3.5%) from 2023

Liabilities

Up

$19,191,502

Up $577,646 (+3.1%) from 2023

Net Assets

Up

$2,842,438

Up $166,014 (+6.2%) from 2023

Operations
Liabilities / Revenue60th percentileNet Margin69th percentile

Revenue

Up

$1,113,341

Up $145,185 (+15%) from 2023

Expenses

Up

$947,327

Up $268,719 (+40%) from 2023

Net Income

Down

$166,014

Down $123,534 (-43%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

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

$30M$20M$10M$0Assets 2010: $12,104,589Liabilities 2010: $10,244,798Net Assets 2010: $1,859,7912010Assets 2011: $11,840,996Liabilities 2011: $9,977,716Net Assets 2011: $1,863,2802011Assets 2012: $12,696,668Liabilities 2012: $10,771,659Net Assets 2012: $1,925,0092012Assets 2013: $13,352,510Liabilities 2013: $11,359,030Net Assets 2013: $1,993,4802013Assets 2014: $13,529,959Liabilities 2014: $11,479,451Net Assets 2014: $2,050,5082014Assets 2015: $14,476,548Liabilities 2015: $12,407,539Net Assets 2015: $2,069,0092015Assets 2016: $13,650,218Liabilities 2016: $11,567,350Net Assets 2016: $2,082,8682016Assets 2017: $13,822,005Liabilities 2017: $11,716,296Net Assets 2017: $2,105,7092017Assets 2018: $14,717,936Liabilities 2018: $12,555,819Net Assets 2018: $2,162,1172018Assets 2019: $15,480,815Liabilities 2019: $13,239,671Net Assets 2019: $2,241,1442019Assets 2020: $18,240,469Liabilities 2020: $15,931,220Net Assets 2020: $2,309,2492020Assets 2021: $20,164,634Liabilities 2021: $17,778,080Net Assets 2021: $2,386,5542021Assets 2022: $21,352,748Liabilities 2022: $18,864,279Net Assets 2022: $2,488,4692022Assets 2023: $21,290,280Liabilities 2023: $18,613,856Net Assets 2023: $2,676,4242023Assets 2024: $22,033,940Liabilities 2024: $19,191,502Net Assets 2024: $2,842,4382024

Highlighted filing

2024

Assets$22,033,940
Liabilities$19,191,502
Net Assets$2,842,438
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

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

$1.5M$1.0M$500K$0Expenses 2010: $591,4512010Expenses 2011: $565,4142011Expenses 2012: $502,6992012Revenue 2013: $542,230Expenses 2013: $473,759Net Income 2013: $68,4712013Revenue 2014: $528,459Expenses 2014: $471,431Net Income 2014: $57,0282014Revenue 2015: $523,258Expenses 2015: $504,757Net Income 2015: $18,5012015Revenue 2016: $506,761Expenses 2016: $492,902Net Income 2016: $13,8592016Revenue 2017: $504,412Expenses 2017: $481,571Net Income 2017: $22,8412017Revenue 2018: $544,239Expenses 2018: $487,831Net Income 2018: $56,4082018Revenue 2019: $617,029Expenses 2019: $538,002Net Income 2019: $79,0272019Revenue 2020: $656,903Expenses 2020: $588,798Net Income 2020: $68,1052020Revenue 2021: $651,309Expenses 2021: $574,004Net Income 2021: $77,3052021Revenue 2022: $735,790Expenses 2022: $633,875Net Income 2022: $101,9152022Revenue 2023: $968,156Expenses 2023: $678,608Net Income 2023: $289,5482023Revenue 2024: $1,113,341Expenses 2024: $947,327Net Income 2024: $166,0142024

Highlighted filing

2024

Revenue$1,113,341
Expenses$947,327
Net Income$166,014
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
$22,033,940
Liabilities
$19,191,502
Net assets
$2,842,438
Revenue
$1,113,341
Expenses
$947,327
Net income
$166,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.0$19.2$2.84$1.11$0.95$0.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.3$18.6$2.68$0.97$0.68$0.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.4$18.9$2.49$0.74$0.63$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$17.8$2.39$0.65$0.57$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.2$15.9$2.31$0.66$0.59$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$13.2$2.24$0.62$0.54$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$12.6$2.16$0.54$0.49$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.8$11.7$2.11$0.50$0.48$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$11.6$2.08$0.51$0.49$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.5$12.4$2.07$0.52$0.50$0.02
2014Detailed filing. Detailed filing data is available for this year.$13.5$11.5$2.05$0.53$0.47$0.06
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$13.4$11.4$1.99$0.54$0.47$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$10.8$1.93$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$9.98$1.86$0.57
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$10.2$1.86$0.59
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 14, 2022
Return Version
2021v4.0
Gross Receipts
$651,309
Mission and Program Overview

Mission

To excel in providing services to present and prospective members in a friendly and helpful manner, while maintaining the Credit Unions long-term financial stability.

To excel in providing services to present and prospective members in a friendly and helpful manner, while maintaining the credit union's long-term financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$11,587,531$13,310,463▲ $1,722,932
Investments Program Related$1,835,057$3,295,923▲ $1,460,866
Savings and Temporary Cash Investments$4,157,425$2,850,336▼ $1,307,089
Rtn Earn Endowment Incm Other Fnds$2,309,249$2,386,554▲ $77,305
Cash and Non-Interest-Bearing Accounts$328,771$387,554▲ $58,783
Land, Buildings, and Equipment, Net$96,052$89,148▼ $6,904
Prepaid Expenses and Deferred Charges$37,006$34,107▼ $2,899
Total Assets$18,240,469$20,164,634▲ $1,924,165
Other Assets Total$198,627$197,103▼ $1,524
Liabilities
Other Liabilities$15,675,527$17,552,853▲ $1,877,326
Accounts Payable and Accrued Expenses$255,693$225,227▼ $30,466
Total Liabilities$15,931,220$17,778,080▲ $1,846,860
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,309,249$2,386,554▲ $77,305
Total Liabilities and Net Assets / Fund Balance$18,240,469$20,164,634▲ $1,924,165

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$43,782$283,059$326,841
Equipment$18,266$245,447$263,713
Land$27,100-$27,100
Investment Program Related Org$5,000--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicole Christensen-zablerPresident/ceFT$63,784$10,588$74,372

Board Members and Trustees

NameTitle
Willie McdonaldChair
Scott SharpVice Chair
Charles RicchioDirector
Chavan SmithDirector
Daniel DematthewDirector
Carolyn MoskonasSecretary
Terry MaierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$593,195
Investment Income
$54,638
Other Revenue
$3,476
Change in Net Assets
$77,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$335,909
Salaries, Compensation, and Employee Benefits$237,595
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$159,651
Other Salaries and Wages---$143,635
Current Officers, Directors, Trustees, and Key Employees---$63,784
Information Technology---$52,788
Other Expenses---$23,695
Insurance---$20,617
Occupancy---$18,113
Depreciation Depletion---$15,151
Payroll Taxes---$13,456
Fees for Services Accounting---$13,312
Pension Plan Contributions---$11,519
Other Employee Benefits---$5,201
Conferences and Meetings---$4,246
Advertising---$3,721
Grants to Domestic Individuals---$500
Fees for Services Legal---$93
Total Functional Expenses$0$0$0$574,004
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$17,552,853
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
No
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

“President/ceo provides necessary data/information to independent cpa who completes the return. President reviews the prepared return for accuracy then authorizes the cpa to e-file the return. President notifies board of directors at their next meeting the return was successfully filed. Copies are available to the directors.”

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

“President/ceo's compensation is reviewed at the annual budget meeting. Salary is discussed, approved by board, and documented in board minutes. Ceo is not present in closed sessions of the board where ceo salary is discussed.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are available upon request. Prior year ending balance sheet is posted in credit union lobby.”

Filing and Contact Details

Filer

Filer Name
Racine Municipal Employees Credit
EIN
39-6049917
Phone
2626377274
Address
1907 LATHROP AVENUE, RACINE, WI 53405

Signing Officer

Name
Nicole Christensen-zabler
Title
President/CEO
Phone
2626377274
Signed
2022-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Christensen-zabler
Formed
1953
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
7

Preparer

Firm
Brent Wookey CPA
Address
PO BOX 1512, LA CROSSE, WI 54602-1512
Preparer
Brent Wookey CPA
Phone
6087920843
Raw XML Appendix352 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/BOYAmt0255693
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0225227
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO EXCEL IN PROVIDING SERVICES TO PRESENT AND PROSPECTIVE MEMBERS IN A FRIENDLY AND HELPFUL MANNER, WHILE MAINTAINING THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY.
IRS990/AdvertisingGrp/TotalAmt03721
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0NICOLE CHRISTENSEN-ZABLER
IRS990/BooksInCareOfDetail/PhoneNum02626377274
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01907 LATHROP AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0RACINE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053405
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0328771
IRS990/CashNonInterestBearingGrp/EOYAmt0387554
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt063784
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt04246
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0500
IRS990/CYInvestmentIncomeAmt054638
IRS990/CYOtherExpensesAmt0335909
IRS990/CYOtherRevenueAmt03476
IRS990/CYProgramServiceRevenueAmt0593195
IRS990/CYRevenuesLessExpensesAmt077305
IRS990/CYSalariesCompEmpBnftPaidAmt0237595
IRS990/CYTotalExpensesAmt0574004
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0651309
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt015151
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 293 NEW DEPOSIT ACCOUNTS IN 2021. AS OF 12/31/21 WE HAD 1,841 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt013312
IRS990/FeesForServicesLegalGrp/TotalAmt093
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt043.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
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/OtherCompensationAmt010588
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0NICOLE CHRISTENSEN-ZABLER
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIE MCDONALD
IRS990/Form990PartVIISectionAGrp/PersonNm2SCOTT SHARP
IRS990/Form990PartVIISectionAGrp/PersonNm3TERRY MAIER
IRS990/Form990PartVIISectionAGrp/PersonNm4CAROLYN MOSKONAS
IRS990/Form990PartVIISectionAGrp/PersonNm5DANIEL DEMATTHEW
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLES RICCHIO
IRS990/Form990PartVIISectionAGrp/PersonNm7CHAVAN SMITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt063784
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
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/TitleTxt0PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01953
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0500
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0651309
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt052788
IRS990/InsuranceGrp/TotalAmt020617
IRS990/InvestmentIncomeGrp/ExclusionAmt054638
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt054638
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01835057
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03295923
IRS990/IRPDocumentCnt03379
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0528506
IRS990/LandBldgEquipBasisNetGrp/BOYAmt096052
IRS990/LandBldgEquipBasisNetGrp/EOYAmt089148
IRS990/LandBldgEquipCostOrOtherBssAmt0617654
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO EXCEL IN PROVIDING SERVICES TO PRESENT AND PROSPECTIVE MEMBERS IN A FRIENDLY AND HELPFUL MANNER, WHILE MAINTAINING THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02309249
IRS990/NetAssetsOrFundBalancesEOYAmt02386554
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt018113
IRS990/OfficeExpensesGrp/TotalAmt0159651
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0198627
IRS990/OtherAssetsTotalGrp/EOYAmt0197103
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05201
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1DIVIDENDS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt024522
IRS990/OtherExpensesGrp/TotalAmt123695
IRS990/OtherLiabilitiesGrp/BOYAmt015675527
IRS990/OtherLiabilitiesGrp/EOYAmt017552853
IRS990/OtherSalariesAndWagesGrp/TotalAmt0143635
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt011587531
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt013310463
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt013456
IRS990/PensionPlanContributionsGrp/TotalAmt011519
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt037006
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034107
IRS990/PrincipalOfficerNm0NICOLE CHRISTENSEN-ZABLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3520000
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER MEMBER RELATED INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3VEHICLE INSURANCE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0420127
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1118010
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt254858
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0420127
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1118010
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt254858
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3200
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0200
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 331 NEW LOANS DURING 2021. AS OF 12/31/21 WE HAD 952 OUTSTANDING LOANS RECEIVABLE.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt095183
IRS990/PYOtherExpensesAmt0359807
IRS990/PYOtherRevenueAmt02740
IRS990/PYProgramServiceRevenueAmt0558980
IRS990/PYRevenuesLessExpensesAmt068105
IRS990/PYSalariesCompEmpBnftPaidAmt0228991
IRS990/PYTotalExpensesAmt0588798
IRS990/PYTotalRevenueAmt0656903
IRS990/ReconcilationRevenueExpnssAmt077305
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesRevenueGrp/ExclusionAmt03476
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt03476
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02309249
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02386554
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04157425
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02850336
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt043782
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0283059
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0326841
IRS990ScheduleD/EquipmentGrp/BookValueAmt018266
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0245447
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0263713
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt03211006
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt159917
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt220000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt35000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS WITH MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CAPITAL ACCOUNT CORP CREDIT UNION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2WI SHARED SERVICE CTR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3WISCUB
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt027100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017552853
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt089148
IRS990ScheduleD/TotalBookValueProgramRltdAmt03295923
IRS990ScheduleD/TotalLiabilityAmt017552853
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/ExplanationTxt3PRESIDENT/CEO PROVIDES NECESSARY DATA/INFORMATION TO INDEPENDENT CPA WHO COMPLETES THE RETURN. PRESIDENT REVIEWS THE PREPARED RETURN FOR ACCURACY THEN AUTHORIZES THE CPA TO E-FILE THE RETURN. PRESIDENT NOTIFIES BOARD OF DIRECTORS AT THEIR NEXT MEETING THE RETURN WAS SUCCESSFULLY FILED. COPIES ARE AVAILABLE TO THE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRESIDENT/CEO'S COMPENSATION IS REVIEWED AT THE ANNUAL BUDGET MEETING. SALARY IS DISCUSSED, APPROVED BY BOARD, AND DOCUMENTED IN BOARD MINUTES. CEO IS NOT PRESENT IN CLOSED SESSIONS OF THE BOARD WHERE CEO SALARY IS DISCUSSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PRIOR YEAR ENDING BALANCE SHEET IS POSTED IN CREDIT UNION 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 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt018240469
IRS990/TotalAssetsEOYAmt020164634
IRS990/TotalAssetsGrp/BOYAmt018240469
IRS990/TotalAssetsGrp/EOYAmt020164634
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0574004
IRS990/TotalGrossUBIAmt0200
IRS990/TotalLiabilitiesBOYAmt015931220
IRS990/TotalLiabilitiesEOYAmt017778080
IRS990/TotalLiabilitiesGrp/BOYAmt015931220
IRS990/TotalLiabilitiesGrp/EOYAmt017778080
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02309249
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02386554
IRS990/TotalOtherCompensationAmt010588
IRS990/TotalProgramServiceRevenueAmt0593195
IRS990/TotalReportableCompFromOrgAmt063784
IRS990/TotalRevenueGrp/ExclusionAmt058114
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0592995
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0651309
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0200
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018240469
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020164634
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01907 LATHROP AVENUE
IRS990/USAddress/CityNm0RACINE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053405
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0RMECU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NICOLE CHRISTENSEN-ZABLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02626377274
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RACINE MUNICIPAL EMPLOYEES CREDIT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0UNION
ReturnHeader/Filer/BusinessNameControlTxt0RACI
ReturnHeader/Filer/EIN0396049917
ReturnHeader/Filer/PhoneNum02626377274
ReturnHeader/Filer/USAddress/AddressLine1Txt01907 LATHROP AVENUE
ReturnHeader/Filer/USAddress/CityNm0RACINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053405
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/PreparationDt02022-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-10-24T17:12:03-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NICOLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHRISTENSEN-ZABLER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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