UNIVERSITY OF WISCONSIN CREDIT UNI… - Form 990 Financial Data

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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

1931

Legal Domicile

Principal Officer

PAUL KUNDERT

Phone

6082325000

Tax Period

2024-01-01 to 2024-12-31

UNIVERSITY OF WISCONSIN CREDIT UNION, founded in 1931, is a major nonprofit that reported $363.8M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $331.8M left a modest 9% surplus.

Mission

THE MISSION OF THE UNIVERSITY OF WISCONSIN CREDIT UNION (UWCU) IS TO ENCOURAGE THRIFT AMONG ITS MEMBERS, TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS AND TO PERFORM THE FUNCTIONS AND EXERCISE THE POWERS DESIGNATED TO THE CREDIT UNION UNDER APPLICABLE LAW.

Program Service Accomplishments

Program 1

UWCU EXTENDED NEARLY $1.3 BILLION IN CONSUMER CREDIT - ENABLING MEMBERS TO CONTINUE BUILDING THEIR LIVES THROUGH HOME IMPROVEMENTS, RELIABLE VEHICLES, CONTINUING EDUCATION AND MUCH MORE. IN DANE...

UWCU EXTENDED NEARLY $1.3 BILLION IN CONSUMER CREDIT - ENABLING MEMBERS TO CONTINUE BUILDING THEIR LIVES THROUGH HOME IMPROVEMENTS, RELIABLE VEHICLES, CONTINUING EDUCATION AND MUCH MORE. IN DANE COUNTY, UWCU WAS BOTH THE TOP PURCHASE AND REFINANCE LENDER. IN THE MILWAUKEE METRO MARKET, UWCU RANKED 4TH FOR PURCHASES, ENABLING MORE FAMILIES TO AFFORD THEIR FIRST HOMES. UWCU ALSO HELPED STUDENTS FUND THEIR EDUCATION, WITH OVER 1600 STUDENT LOANS FUNDED. UWCU CONTINUES TO ELIMINATE FEES RELATED TO NON-SUFFICIENT FUNDS, CERTAIN DEBIT OVERDRAFTS AND RETURNED CHECKS.

Program 2

IN 2024, UWCU WELCOMED 18,000 NEW MEMBERS AND OPENED NEARLY 15,000 CHECKING ACCOUNTS. THE CREDIT UNION'S HONEST AND STRAIGHTFORWARD BUSINESS PRACTICES CONTINUE TO DRIVE MEMBERSHIP AND RELATIONSHIP...

IN 2024, UWCU WELCOMED 18,000 NEW MEMBERS AND OPENED NEARLY 15,000 CHECKING ACCOUNTS. THE CREDIT UNION'S HONEST AND STRAIGHTFORWARD BUSINESS PRACTICES CONTINUE TO DRIVE MEMBERSHIP AND RELATIONSHIP GROWTH. AT THE END OF 2024, UWCU SERVED OVER 366,000 MEMBERS AND OVER 293,000 CHECKING ACCOUNTS.

Program 3

UWCU CONTINUES TO FOCUS ON DELIVERING FINANCIAL SERVICES IN A TRUSTWORTHY MANNER. UWCU CONTINUES TO PROVIDE CREDIT CONSULTATION SERVICES, A FREE SERVICE THAT BENEFITS ANY MEMBER. MEMBERS CAN MEET...

UWCU CONTINUES TO FOCUS ON DELIVERING FINANCIAL SERVICES IN A TRUSTWORTHY MANNER. UWCU CONTINUES TO PROVIDE CREDIT CONSULTATION SERVICES, A FREE SERVICE THAT BENEFITS ANY MEMBER. MEMBERS CAN MEET WITH A FINANCIAL SPECIALIST TO REVIEW THEIR CREDIT REPORT, GAIN KNOWLEDGE ABOUT THEIR CREDIT SCORE, AND RESEARCH OPTIONS TO LOWER RATES ON EXISTING LOANS. UWCU OFFERS A STUDENT LOAN REFINANCE PRODUCT WHICH ALLOWS MEMBERS TO REFI MULTIPLE LOANS INTO ONE WITH A LOW RATE AND ONE EASY PAYMENT. UWCU OFFERS LOW-LIMIT, LOW RATE CREDIT CARDS FOR YOUNG ADULTS TO HELP THEM BUILD THEIR CREDIT RESPONSIBLY, AND AFFORDABLE NO ANNUAL FEE SECURED CREDIT CARDS FOR MEMBERS NEEDING TO REPAIR THEIR CREDIT. UWCU OFFERS AN OVERDRAFT LINE OF CREDIT PROTECTION WITH NO ANNUAL FEE. MEMBERS HAVE ACCESS TO THEIR CREDIT SCORE VIA WEB BRANCH. UWCU OFFERED 235 FINANCIAL LITERACY SESSIONS ON COLLEGE CAMPUSES, REACHING ALMOST 20,000 PARTICIPANTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $307,850,415

Investment Income $55,946,405

Other Revenue $-23,300

TOTAL REVENUE $363,773,520

Expense Breakdown

Grants Paid $305,268

Salaries & Benefits $96,420,703

Fundraising Expenses $0

Other Expenses $235,058,972

TOTAL EXPENSES $331,784,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,773,520	$280,888,360	+0.3%
Expenses	$331,784,943	$253,257,113	+0.3%
Net Income	$31,988,577	$27,631,247	+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

1108

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

$2,458,053

Total Directors

$6,300

Key Employees

$2,474,445

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY WILSON	DIRECTOR - CHAIR	3.00	Officer Director	$900	$0	$900
STEVEN RICK	DIRECTOR - VICE CHAIR	3.00	Officer Director	$900	$0	$900
TERRY WARFIELD	DIRECTOR - TREASURER	3.00	Officer Director	$900	$0	$900
PHYLLIS KING	DIRECTOR - SECRETARY	3.00	Officer Director	$0	$0	$0
PAUL KUNDERT	PRESIDENT & CEO	45.00	Officer	$1,040,522	$433,073	$1,473,595
BRAD MCCLAIN	EVP & CFO	45.00	Officer	$501,356	$62,086	$563,442
JONATHAN BUNDY	EVP & CLO AND ASST CORP SECRETARY	45.00	Officer	$352,646	$65,670	$418,316
ROB VAN NEVEL	EVP & COO	45.00	Key Emp	$526,193	$45,688	$571,881
RALPH BUELLING	EVP & CIO	45.00	Key Emp	$412,484	$68,025	$480,509
ANNE NORMAN	EVP & CMPSO	45.00	Key Emp	$342,817	$58,596	$401,413
PAM PETERSON	EVP & CPO	45.00	Key Emp	$326,935	$54,132	$381,067
TONY KONKOL	VP OF INFO TECHNOLOGY	45.00	Key Emp	$271,006	$60,511	$331,517
AMY KRIEBS	SVP MEMBER SALES AND SOLUTIONS	45.00	Key Emp	$258,831	$49,227	$308,058
TEO TRANDAFIR	VP OF WEALTH MANAGEMENT	45.00	Highest	$475,027	$69,766	$544,793
AARON LAWRY	WEALTH ADVISOR	40.00	Highest	$347,235	$21,376	$368,611
JEREMY MARSHALL	WEALTH ADVISOR	40.00	Highest	$326,093	$62,652	$388,745
KYLE JUDD	WEALTH ADVISOR	40.00	Highest	$317,607	$23,486	$341,093
JUSTIN NOVARA	WEALTH ADVISOR	40.00	Highest	$291,246	$36,338	$327,584
MICHAEL CARR	DIRECTOR	2.00	Director	$900	$0	$900
MICHAEL COLLINS	DIRECTOR	2.00	Director	$900	$0	$900
KIMILA DANIELS	DIRECTOR	2.00	Director	$900	$0	$900
LEANA NAKIELSKI MESDJIAN	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY RUSSELL	DIRECTOR	2.00	Director	$900	$0	$900

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	$363,773,520	$331,784,943	$5,653,143,610	$31,988,577
2023	$280,888,360	$253,257,113	$5,303,715,566	$27,631,247
2022	$206,656,356	$183,972,968	$5,145,209,271	$22,683,388
2021	$216,524,629	$150,376,951	$4,833,919,839	$66,147,678
2020	$217,681,978	$166,116,608	$4,205,781,575	$51,565,370
2019	$177,798,849	$135,243,598	$3,331,480,865	$42,555,251
2018	$150,872,115	$112,814,640	$2,819,644,184	$38,057,475

UNIVERSITY OF WISCONSIN CREDIT UNION