Co-Op Credit Union

Black River Falls, WIUnknown exempt organizationSince 1938EIN 39-0745853Revenue $32.9M in FY2025

On file with the IRScoopcu.com100 E Main St · Black River Falls, WI

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Serving our members, where they are, through all stages of life.

Run by 13 volunteers and 124 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $3.9M a year · 17% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$1.2M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$532.5M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32.9M
+13% vs prior year
Spent
$26.9M
Net assets
$68.9M
By yearFY2020–FY2025
Revenue
$32.9M
FY2025▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.4M
FY2021$17.6M
FY2022$18.6M
FY2023$22.1M
FY2024$29.2M
FY2025$32.9M
Expenses
$26.9M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.8M
FY2021$13.6M
FY2022$14.6M
FY2023$18.6M
FY2024$25.7M
FY2025$26.9M
Net assets
$68.9M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$46.6M
FY2021$50.4M
FY2022$53.6M
FY2023$58.1M
FY2024$62.8M
FY2025$68.9M

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

16 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$236,139Pt VII · Sec A
Chief Talent Officer
$135,794Pt VII · Sec A
Chief Lending Officer
$120,955Pt VII · Sec A
Chief Financial Officer
$115,956Pt VII · Sec A
Chief Development Officer
$115,728Pt VII · Sec A
Chief Compliance Officer
$115,704Pt VII · Sec A
Chief Operations Officer
$115,224Pt VII · Sec A
VP Accounting
$108,321Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Eric Chrisinger—$232,250$279,512$859,066$656,393$548,531
Timothy Tranberg$236,139$206,298————
Michele Steien$135,794$127,059$113,804$109,803$103,234$98,977
Tim Tranberg——$124,094$124,012$120,069$113,073
Jayme Thompson$120,955$118,917$110,166$105,258$101,700—
Megan Ellingson$115,956$109,472$107,106$106,221$89,790$95,488
Marianne Torkelson$115,728$109,949$100,973——$79,560
Eric Skogstad$115,704$103,328$100,630——$93,634

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II4 listed

Programs and updates

Supports members throughout their lives, wherever they are.

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Provided by the organization

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2 programs · in their own filed words · FY2025
01

Ccu funded 3,978 loans during 2025. As of 12/31/25, ccu serviced 4,049 MORTGAGES/HOME equity loans, 7,712 consumer loans, 939 member business loans, and 3,517 credit card accounts with our members.

Pt IX · col B
02

Ccu had deposit, transaction, and investment accounts with 23,551 of our members at 12/31. During 2025, ccu opened 7,162 new deposit, transaction and investment accounts.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6K
Grants paid · 1 grant · $8K · 2020–2020
Feed My People INCWI · FY2020$8,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$32.9M
Ln 12
Fees for servicesLn 2g$29.8M
Investment incomeLn 3$3.0M
Other incomeLn 4–11$64K
Money outPt IX
$26.9M
Ln 25
Owns and owesPt X
$68.9M
net assets · Ln 32
Cash and savingsLn 1–2$40.7M
Total assetsLn 16$601.4M
LiabilitiesLn 26$532.5M
PeoplePt VI, VII
16
listed · VII A
PaidVII A16
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$59K
Government grantsLn 1e$59K
Fees for servicesLn 2g$29.8M
Investment incomeLn 3$3.0M
Other incomeLn 4–11$64K
Gains on assetsLn 7−$33K
Total revenueLn 12$32.9M
Assets in detailPt X, end of year
CashLn 1$5.5M
SavingsLn 2$35.2M
Cash and savings togetherLn 1–2$40.7M
InvestmentsLn 11–13$17.2M
Land, buildings, equipmentLn 10c$9.3M
Other assetsLn 15$21.4M
Total assetsLn 16$601.4M
LiabilitiesLn 26$532.5M
Net assetsLn 32$68.9M
OperationsPt I, VI
EmployeesI 5124
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$62.5M$40.7M
InvestmentsLn 11–13$15.8M$17.2M
Land, buildings, equipmentLn 10c$9.2M$9.3M
Total assetsLn 16$571.7M$601.4M
LiabilitiesLn 26$508.9M$532.5M
Net assetsLn 32$62.8M$68.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$59K
Benefits paid to or for membersLn 4$11.6M
Pay of current officers, directors and key staffLn 5$1.3M
Other salaries and wagesLn 7$3.5M
Pension plan contributionsLn 8$297K
Other employee benefitsLn 9$2.0M
Payroll taxesLn 10$378K
Legal feesLn 11b$136K
Accounting feesLn 11c$58K
Other fees for servicesLn 11g$142K
Advertising and promotionLn 12$434K
Office expensesLn 13$834K
Information technologyLn 14$932K
OccupancyLn 16$448K
TravelLn 17$76K
Conferences, conventions and meetingsLn 19$170K
InterestLn 20$1
Depreciation, depletion and amortizationLn 22$711K
InsuranceLn 23$98K
Other expenses (24a–d)Ln 24$3.5M
All other expensesLn 24e$247K
Total functional expensesLn 25$26.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $32.9M$26.9M$6.0M$68.9M 990 PDF
FY2024 $29.2M$25.7M$3.5M$62.8M 990 PDF
FY2023 $22.1M$18.6M$3.6M$58.1M 990 PDF
FY2022 $18.6M$14.6M$4.0M$53.6M 990 PDF
FY2021 $17.6M$13.6M$3.9M$50.4M 990 PDF
FY2020 $17.4M$14.8M$2.5M$46.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $32,911,198 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,614$58,656
I-9 Program service revenuePrior year $25,801,631$29,774,542
I-10 Investment incomePrior year $3,261,311$3,013,671
I-11 Other revenuePrior year $74,117$64,329
I-12 Total revenuePrior year $29,165,673$32,911,198
I-13 Grants and similar amounts paidPrior year $48,303$58,552
I-14 Benefits paid to membersPrior year $0$11,563,801
I-15 Salaries and benefitsPrior year $7,232,618$7,513,887
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $18,422,351$7,749,287
I-18 Total expensesPrior year $25,703,272$26,885,527
I-19 Revenue less expensesPrior year $3,462,401$6,025,671
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $32,911,198 across 8 lines filed
Lines not itemized here account for $29,384 of total revenue; see the IRS return.
VIII-1e Government grants$58,656
VIII-1h Total contributions, gifts and grants$58,656
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,736,726 · Unrelated business $9,296$29,746,022
VIII-3 Investment incomeExcluded from tax $3,046,882$3,046,882
VIII-5 RoyaltiesExcluded from tax $44,425$44,425
VIII-6 Net rental income or lossExcluded from tax $19,040$19,040
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$33,211−$33,211
VIII-12 Total revenueRelated to mission $29,766,110 · Unrelated business $9,296 · Excluded from tax $3,077,136$32,911,198
Part IX · Statement of functional expenses $26,885,527 across 21 lines filed
IX-1 Grants to domestic organizations$58,552
IX-4 Benefits paid to or for members$11,563,801
IX-5 Pay of current officers, directors and key staff$1,271,263
IX-7 Other salaries and wages$3,538,009
IX-8 Pension plan contributions$296,959
IX-9 Other employee benefits$2,029,610
IX-10 Payroll taxes$378,046
IX-11b Legal fees$135,593
IX-11c Accounting fees$57,691
IX-11g Other fees for services$141,802
IX-12 Advertising and promotion$433,703
IX-13 Office expenses$834,180
IX-14 Information technology$932,240
IX-16 Occupancy$447,996
IX-17 Travel$75,601
IX-19 Conferences, conventions and meetings$169,970
IX-20 Interest$1
IX-22 Depreciation, depletion and amortization$711,421
IX-23 Insurance$98,414
IX-24 Other expenses (24a–d)$3,463,899
IX-24e All other expenses$246,776
IX-25 Total functional expenses$26,885,527
Part X · Balance sheet $601,424,382 assets, 16 lines filed
Asset lines not itemized here account for $510,653,429; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,983,638$5,528,077
X-2 Savings and temporary cash investmentsStart of year $59,519,080$35,178,846
X-4 Accounts receivableStart of year $1,460,440$1,637,196
X-9 Prepaid expenses and deferred chargesStart of year $437,432$559,814
X-10c Land, buildings and equipment, netStart of year $9,234,545$9,259,950
X-11 Publicly traded securitiesStart of year $11,028,322$11,220,514
X-12 Other securitiesStart of year $1,492,000$2,582,000
X-13 Program-related investmentsStart of year $3,287,943$3,375,943
X-15 Other assetsStart of year $20,349,857$21,428,613
X-16 Total assetsStart of year $571,744,845$601,424,382
X-17 Accounts payable and accrued expensesStart of year $4,575,690$4,048,808
X-19 Deferred revenueStart of year $165,201$315,498
X-25 Other liabilitiesStart of year $502,767,536$526,716,538
X-26 Total liabilitiesStart of year $508,934,896$532,530,359
X-32 Total net assets or fund balancesStart of year $62,809,949$68,894,023
X-33 Total liabilities and net assetsStart of year $571,744,845$601,424,382
Part XI · Reconciliation of net assets $68,894,023 net assets at year end
XI-1 Total revenue$32,911,198
XI-2 Total expenses$26,885,527
XI-3 Revenue less expenses$6,025,671
XI-4 Net assets at start of year$62,809,949
XI-5 Net unrealized gains (losses) on investments$58,403
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$68,894,023

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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