CAPITAL CREDIT UNION (EIN 390394240) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1934

Legal Domicile

Principal Officer

LAURIE BUTZ

Phone

9204942828

Tax Period

2023-01-01 to 2023-12-31

CAPITAL CREDIT UNION, founded in 1934, is a major nonprofit that reported $132.2M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21.3M, a strong 16% operating margin.

Mission

CAPITAL CREDIT UNION IS A FULL SERVICE FINANCIAL INSTITUTION THAT OFFERS OUR MEMBERS MULTIPLE LOAN PRODUCTS AS WELL AS SHARE, SHARE DRAFT, CD AND IRA PRODUCTS. IN ADDITION, CAPITAL SERVES MEMBERS BY OFFERING AUTOMATED TELLER MACHINES, DIRECT DEPOSIT, CALL 24 ONLINE BANKING, DEBIT AND CREDIT CARDS, GIFT CARDS, SAFE DEPOSIT BOXES, E-STATEMENTS, BILL PAY AND MANY OTHER SERVICES. CAPITAL SERVES OVER 118,000 MEMBERS IN 12 NORTHEAST WISCONSIN COUNTIES: BROWN, CALUMET, DOOR, KEWAUNEE, MANITOWOC, MARINETTE, MENOMINEE, OCONTO, OUTAGAMIE, SHAWANO, WAUPACA, AND WINNEBAGO AND EMPLOYEES OF GOODWILL INDUSTRIES OF NORTH CENTRAL WI INC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $107,348,989

Investment Income $24,764,624

Other Revenue $124,385

TOTAL REVENUE $132,237,998

Expense Breakdown

Grants Paid $508,364

Salaries & Benefits $31,496,428

Fundraising Expenses $0

Other Expenses $78,973,027

TOTAL EXPENSES $110,977,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$132,237,998	$96,768,342	+0.4%
Expenses	$110,977,819	$71,319,914	+0.6%
Net Income	$21,260,179	$25,448,428	-0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

584

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$867,776

Total Directors

$9,390

Key Employees

$1,119,573

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN VANZEELAND	DIRECTOR	1.50	Director	$1,600	$0	$1,600
HEATHER KARCZ	DIRECTOR	1.50	Director	$863	$0	$863
JOHN CARRIER	DIRECTOR	1.50	Director	$1,500	$0	$1,500
KEITH LUCIUS	SECRETARY	1.50	Officer Director	$0	$0	$0
MELANIE HAEN	CHAIR	3.50	Officer Director	$2,455	$0	$2,455
NANCY RIETVELD	DIRECTOR	1.50	Director	$805	$0	$805
PAUL PATTERSON	DIRECTOR	1.50	Director	$1,500	$0	$1,500
RANDALL SANDERS	TREASURER	1.50	Officer Director	$0	$0	$0
STEVEN FRASSETTO	VICE CHAIR	3.50	Officer Director	$667	$0	$667
LAURIE BUTZ	PRESIDENT	40.00	Officer	$545,601	$49,969	$595,570
LISA HUGUET	CFO	40.00	Officer	$214,708	$54,376	$269,084
DAVID ENGLEBERT	CHIEF COMMERCIAL OFFICER	40.00	Key Emp	$209,519	$35,370	$244,889
JONATHAN PROBST	CHIEF LENDING OFFICER	40.00	Key Emp	$169,200	$44,368	$213,568
MICHAEL MILLHOUSE	VP - CHIEF INFORMATION OFFICER	40.00	Key Emp	$213,977	$35,846	$249,823
PATTI BANI	CHIEF CULTURE OFFICER	40.00	Key Emp	$166,780	$26,936	$193,716
STEPHEN ZICH	CHIEF MARKETING OFFICER	40.00	Key Emp	$178,723	$38,854	$217,577
BRIAN ELMER	INV & INS PROGRAM MANAGER	40.00	Highest	$159,613	$37,722	$197,335
CALEB DAHL	VP - ITS OPERATIONS	40.00	Highest	$118,142	$45,900	$164,042
DANIELLE KROENING	SVP - MEMBER SERVICES	40.00	Highest	$149,431	$34,104	$183,535
JON PAZDERA	DIRECTOR OF INFRASTRUCTURE SERVICES	40.00	Highest	$127,437	$48,916	$176,353
WENDY WOHR	SVP - MEMBER RELATIONS	40.00	Highest	$186,625	$41,125	$227,750

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$132,237,998	$110,977,819	$2,428,442,866	$21,260,179
2022	$96,768,342	$71,319,914	$2,319,322,053	$25,448,428
2021	$85,079,815	$58,330,516	$2,195,744,286	$26,749,299
2020	$81,895,335	$64,286,273	$1,960,503,159	$17,609,062
2019	$80,873,180	$66,411,485	$1,666,548,082	$14,461,695
2018	$72,267,762	$56,034,949	$1,484,756,599	$16,232,813

CAPITAL CREDIT UNION