Program areas at Marine Credit Union
Deposit taking - Marine Credit Union acts as a financial intermediary in each of the communities it serves. Each of our 77,032 members has at least one savings account and these members have over 48,326 checking accounts with Marine. We often provide these services at a lower cost than what would otherwise be available. We protect over $761,805,439 of insured funds on behalf of our depositors.
Consumer lending - Marine Credit Union is a full service consumer lending institution. In 2023 we granted a total of $127,478,425 in consumer loans. These loans are used by our borrowers to consolidate debt, purchase goods such as automobiles and recreational vehicles and to finance continuing education expenses. The total consumer loan portfolio is greater than $258,373,950.
Mortgage lending - Marine Credit Union is an integral part of the communities we serve by providing loans totaling over $151,617,529 during 2023. These loans are used by borrowers to purchase, refinance or improve their homes. Current mortgage loans outstanding exceed $579,781,855 as of december 31, 2023.
Grants made by Marine Credit Union
Personnel at Marine Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Darrick Weeks | President and Chief Executive Officer | $493,041 | 2022-12-31 |
| Katie Tolokken | Chief Operating Officer / Senior Vice President Loan and Member Services | $241,097 | 2022-12-31 |
| Joe Liethen | Chief Financial Officer | | 2023-11-14 |
| Jack Kalander | Chief Information Officer | $297,056 | 2022-12-31 |
| Blake Herring | Chief Human Resource Officer | $278,082 | 2022-12-31 |
| ...and 20 more key personnel |
Financials for Marine Credit Union
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $80,478,500 | $72,903,352 | 10.4% |
| Investment income and dividends | $5,611,691 | $4,079,162 | 37.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $131,095 | $187,735 | -30.2% |
| Net gain from sale of non-inventory assets | $273,746 | $239,313 | 14.4% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $86,495,032 | $77,409,562 | 11.7% |
Organizations like Marine Credit Union
| Organization | Type | Location | Revenue |
|---|
| Kohler Credit Union | 501(c)(14) | Sheboygan, WI | $22,715,156 |
| WESTconsin Credit Union | 501(c)(14) | Menomonie, WI | $106,439,696 |
| Blackhawk Community Credit Union | 501(c)(14) | Janesville, WI | $44,630,547 |
| Co-op Credit Union | 501(c)(14) | Black River Falls, WI | $22,146,492 |
| Royal Credit Union (RCU) | 501(c)(14) | Eau Claire, WI | $198,876,123 |
| Fox Communities Credit Union (FOXCU) | 501(c)(14) | Appleton, WI | $104,390,989 |
| Capital Credit Union | 501(c)(14) | Green Bay, WI | $96,768,342 |
| UW Credit Union | 501(c)(14) | Madison, WI | $206,656,356 |
| Summit Credit Union | 501(c)(14) | Madison, WI | $231,091,693 |
| Westby Co-op Credit Union | 501(c)(14) | Westby, WI | $52,230,917 |
Data update history
October 23, 2024
Used new vendors
Identified 4 new vendors, including , , , and
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 17, 2024
Updated personnel
Identified 5 new personnel
December 28, 2023
Used new vendors
Identified 2 new vendors, including , and
July 11, 2023
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Provides scholarships
General information
- Address
- 300 2nd St N Ste 400
- La Crosse, WI 54601
- Metro area
- La Crosse-Onalaska, WI-MN
- County
- La Crosse County, WI
- Website URL
- marinecu.com/Â
- Phone
- (262) 389-1758
IRS details
- EIN
- 39-0827305
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1949
- 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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