EIN 39-0900961

Southern Lakes Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
43
Year formed
1935
Most recent tax filings
2023-12-01
Description
Member-owned nonprofit providing financial services including deposit holding and loans to members in Kenosha, WI.
Related structure
Southern Lakes Credit Union is a child organization, under an unknown parent.
Total revenues
$5,180,809
2023
Total expenses
$4,063,306
2023
Total assets
$106,526,105
2023
Num. employees
43
2023

Program areas at Southern Lakes Credit Union

As the only locally-based, open-to-the-community financial institution headquartered in kenosha, wi, we work to serve our 9,885 member-owners as a safe, secure, and financially-stable place to conduct business. Our focus is to serve our members and support the communities we serve by providing access to affordable Credit and financial services at favorable rates.
Members have entrusted us with their deposits in share, share draft, money market, ira, hsa, and term share certificate accounts. As of december 31, 2023, we have $95,495,667 in deposits from our members.
We drive value back to our members and help them save money on interest by offering loans at very competitive rates. As of december 31, 2023, we have 4,308 loans outstanding to our members totalling $64,807,338. We work with borrowers to improve their Credit so they pay less in interest over their lives and work with first-time borrowers to understand loans and Credit. In 2023, our members obtained 1,084 loans from their Credit Union totaling $24,849,642.

Who funds Southern Lakes Credit Union

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Wisconsin Credit Union FoundationTo Implement Programs and Services for Multi-Cultural Markets Utilizing Resources From Coopera Consulting$8,914

Personnel at Southern Lakes Credit Union

NameTitleCompensation
John LyonPresident and Chief Executive Officer$127,658
John MorrisseyChair$0
James BellerSecretary$0
Monica YuhasTreasurer$0
Thomas GenthnerVice Chair$0
...and 3 more key personnel

Financials for Southern Lakes Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$3,443,890
Investment income and dividends$1,736,919
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$5,180,809

Form 990s for Southern Lakes Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-10-12990View PDF
2019-122021-06-24990View PDF
...and 10 more Form 990s

Organizations like Southern Lakes Credit Union

OrganizationLocationRevenue
County-City Credit UnionJefferson, WI$1,904,248
Enterprise Credit UnionBrookfield, WI$1,483,950
Marshfield Medical Center Credit UnionMarshfield, WI$2,430,978
1st Community Credit UnionSparta, WI$14,529,943
Wea Credit UnionMadison, WI$1,501,987
Marathon County Employees Credit UnionWausau, WI$2,168,761
Winnebago Community Credit Union (WCCU)Oshkosh, WI$7,397,018
Glacier Hills Credit UnionWest Bend, WI$9,272,339
Central Wisconsin Credit UnionPlover, WI$1,889,512
Iron County Community Credit UnionHurley, WI$2,454,870
Data update history
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Updated personnel
Identified 1 new personnel
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2022
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
3000 80th St
Kenosha, WI 53142
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Kenosha County, WI
Website URL
southernlakescu.org/ 
Phone
(262) 694-1600
IRS details
EIN
39-0900961
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
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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