Program areas at Wisconsin Credit Union Foundation
The Foundation awarded grants totaling $75,000 to 5 Wisconsin Credit unions in need of support for technology and operations related expenses and upgrades that will measurably assist the Credit Union in serving its members.
The Foundation awarded $40,530 in inclusion grants to Credit unions to support Credit unions in their mission to reach unserved and unrepresented communities in Wisconsin that struggle to be served by traditional financial services.
The Foundation invested in the financial counseling certification program (ficep) that credentialed 23 individuals as Credit Union certified financial counselors (ccufcs), bringing the program total to over 275. In addition, more than 20 individuals completed the re-certification process. The Foundation engaged with system partners to facilitate ficep. The program used the Credit Union national association's certified Credit Union financial counselor (ccufc) textbook, which involves self-study and a series of webinars, and enhanced it with additional program content. The additional content offered insights to help participants integrate counseling across multiple touch-points with members, thereby broadening the scope and effectiveness of their effort. Participants had the opportunity to network with other ccufc-certified individuals to discuss expanding counseling programs in their Credit unions. The Foundation proctors the designation examination for students who earn the ccufc designation following successful completion. Funds from the Foundation cut the cost of participation by more than half.
The Foundation awarded $20,000 in the difference grants to Credit unions to implement innovative services and programs to help build financially strong, self-supporting families and communities in Wisconsin.
The Foundation provided over $11,000 in scholarships to Credit Union employees to further their professional development in order to better serve their members.
The Foundation provided $2,500 to the national Credit Union Foundation for disaster relief assistance.
Grants made by Wisconsin Credit Union Foundation
Personnel at Wisconsin Credit Union Foundation
| Name | Title | Compensation | Date of data |
|---|
| Brett Thompson | President and Chief Executive Officer | $0 | 2024-04-16 |
| Chris Felton | Treasurer | $0 | 2023-12-31 |
| Lisa Palma | Chair | $0 | 2023-12-31 |
| Lora Benrud | Vice Chair | $0 | 2023-12-31 |
| Shelly Mellenberger | Secretary | $0 | 2023-12-31 |
| ...and 5 more key personnel |
Financials for Wisconsin Credit Union Foundation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $187,740 | $204,172 | -8% |
| Program services | $19,970 | $19,691 | 1.4% |
| Investment income and dividends | $8,522 | $2,608 | 226.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $-8,985 | $-19,797 | 54.6% |
| Net income from gaming activities | $3,242 | $3,579 | -9.4% |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $210,489 | $210,253 | 0.1% |
Organizations like Wisconsin Credit Union Foundation
| Organization | Type | Location | Revenue |
|---|
| Ohio Credit Union Foundation | 501(c)(3) | Columbus, OH | $333,827 |
| Lexington County School District One Educational Foundation | 501(c)(3) | Lexington, SC | $414,015 |
| Minnesota Credit Union Foundation | 501(c)(3) | Saint Paul, MN | $607,518 |
| Greencastle-Antrim Education Foundation | 501(c)(3) | Greencastle, PA | $105,646 |
| Lawrence Township School Foundation | 501(c)(3) | Indianapolis, IN | $818,003 |
| Flagler County Education Foundation | 501(c)(3) | Bunnell, FL | $883,492 |
| Kansas City Kansas School Foundation For Excellence | 501(c)(3) | Kansas City, KS | $500,399 |
| The Davidson County Education Foundation | 501(c)(3) | Lexington, NC | $71,253 |
| Utica Community Schools Foundation for Educational Excellence | 501(c)(3) | Sterling Heights, MI | $171,053 |
| Appleton Education Foundation | 501(c)(3) | Appleton, WI | $778,144 |
Data update history
May 19, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Updated personnel
Identified 2 new personnel
October 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 2, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsCredit unionsCharities
Issues
Education
Characteristics
Political advocacyOperates donor advised fundsProvides grantsFundraising eventsState / local levelCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 1 E Main St 101
- Madison, WI 53703
- Metro area
- Madison, WI
- County
- Dane County, WI
- Website URL
- theleague.coop/about-the-league/the-foundationÂ
- Phone
- (800) 242-0833
IRS details
- EIN
- 26-0819612
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2007
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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