EIN 39-0881791

Madison Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
11
Year formed
1936
Most recent tax filings
2023-12-01
Description
Madison Credit Union is a cooperative non profit corporation incorporated under Wisconsin State Law. Its mission is to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their financial well-being. This credit union program services members' interest by accepting deposits, granting loans, and investing excess funds in a prudent manner. It has provided 89 first mortgages totaling $9,099,845 and 61,843 new and used auto loans totaling $11,648,693.
Related structure
Madison Credit Union is a child organization, under an unknown parent.
Total revenues
$1,961,947
2023
Total expenses
$1,471,809
2023
Total assets
$58,752,597
2023
Num. employees
11
2023

Program areas at Madison Credit Union

Credit Union Program: Provided 79 first mortgages totaling $7,899,550. Provided 76,012 new and used auto loans totaling $13,656,789.
Credit Union Program: Serviced members' interest by accepting deposits, granting loans, and investing excess funds in a prudent manner.
Credit Union Program: Provide low cost financial services to 3,103 members.

Personnel at Madison Credit Union

NameTitleCompensation
Ilene FritschlerChief Executive Officer and President$93,359
David PetitPresident$92,934

Financials for Madison Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$1,471,787
Investment income and dividends$490,160
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,961,947

Form 990s for Madison Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-23990View PDF
2022-122023-04-20990View PDF
2021-122022-04-23990View PDF
2020-122021-04-22990View PDF
2019-122020-10-14990View PDF
...and 10 more Form 990s

Organizations like Madison Credit Union

OrganizationLocationRevenue
Winnebago Community Credit Union (WCCU)Oshkosh, WI$7,397,018
Nekoosa Credit UnionNekoosa, WI$1,254,521
Teachers Credit UnionBeloit, WI$1,349,459
Glacier Hills Credit UnionWest Bend, WI$9,272,339
Marathon County Employees Credit UnionWausau, WI$2,168,761
Fond Du Lac Credit UnionFond Du Lac, WI$3,591,838
Central Wisconsin Credit UnionPlover, WI$1,889,512
First Choice Credit UnionMarshfield, WI$1,200,171
Gundersen Credit UnionLa Crosse, WI$1,954,633
Iron County Community Credit UnionHurley, WI$2,454,870
Data update history
May 21, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 14, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
949 E Washington Ave
Madison, WI 53703
Metro area
Madison, WI
County
Dane County, WI
Website URL
madisoncu.com/ 
Phone
(608) 266-4750
IRS details
EIN
39-0881791
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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