1st Class Express Credit Union

Waukesha, WIUnknown exempt organizationSince 1932EIN 39-0849876

To encourage thrift among our members, to create a source of credit at a fair and reasonable cost, and to provide an opportunity for each of our members to improve their respective economic and social conditions.

Run by 9 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

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
5 of 6
filings with a surplus
Average surplus $10K a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$26K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
57 mo
of spending, in cash
Looks good: 56.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$162K
-8% vs prior year
Spent
$140K
Net assets
$502K
By yearFY2020–FY2025
Revenue
$162K
FY2025▼ -8%
Revenue by fiscal year
FY2020$185K
FY2021$147K
FY2022$154K
FY2023$179K
FY2024$177K
FY2025$162K
Expenses
$140K
FY2025▼ -31%
Expenses by fiscal year
FY2020$151K
FY2021$138K
FY2022$145K
FY2023$169K
FY2024$201K
FY2025$140K
Net assets
$502K
FY2025▲ +5%
Net assets by fiscal year
FY2020$475K
FY2021$484K
FY2022$493K
FY2023$503K
FY2024$479K
FY2025$502K

From the FY2025 Form 990 · see the original

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

7 people listed on the 990; $26K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$26,000Pt VII · Sec A
Chair at Yea
$0Pt VII · Sec A
Chair - Pari
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Susan Ross$26,000$26,000$22,200$40,400$40,200$41,600
Jacky Leverance——$25,912———

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.

See 1st Class Express Credit Union executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Programs and updates

Helps members save money, access affordable loans, and improve their economic and social well-being.

Provided by the organization

This section is blank until 1st Class Express Credit Union claims this page.

Know this organization? Claim it to add your story

2 program services, described in the organization's own filed words · FY2025.
01

The credit union has several types of loan programs available for our members. We funded 24 new loans to our members during 2025. As of 12/31/25 we had 244 loans to our members.

Pt IX · col B
02

The credit union has various types of deposit accounts available for our members. We opened 15 new deposit accounts in 2025. As of 12/31/25 we had 627 members.

Pt IX · col B

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$162K
Ln 12
Fees for servicesLn 2g$127K
Investment incomeLn 3$25K
Other incomeLn 4–11$10K
Money outPt IX
$140K
Ln 25
Owns and owesPt X
$502K
net assets · Ln 32
Cash and savingsLn 1–2$661K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$127K
Investment incomeLn 3$25K
Other incomeLn 4–11$10K
Total revenueLn 12$162K
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$631K
Cash and savings togetherLn 1–2$661K
InvestmentsLn 11–13$28K
Land, buildings, equipmentLn 10c$66K
Other assetsLn 15$18K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.6M
Net assetsLn 32$502K
OperationsPt I, VI
EmployeesI 57
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$540K$661K
InvestmentsLn 11–13$28K$28K
Land, buildings, equipmentLn 10c$65K$66K
Total assetsLn 16$2.3M$2.1M
LiabilitiesLn 26$1.8M$1.6M
Net assetsLn 32$479K$502K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$26K
Other salaries and wagesLn 7$38K
Other employee benefitsLn 9$2K
Payroll taxesLn 10$5K
Legal feesLn 11b$935
Other fees for servicesLn 11g$7K
Advertising and promotionLn 12$4K
Office expensesLn 13$35K
OccupancyLn 16$7K
Conferences, conventions and meetingsLn 19$4K
Depreciation, depletion and amortizationLn 22$6K
Other expenses (24a–d)Ln 24$5K
Total functional expensesLn 25$140K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $162K$140K$23K$502K 990 PDF
FY2024 $177K$201K−$24K$479K 990 PDF
FY2023 $179K$169K$10K$503K 990 PDF
FY2022 $154K$145K$9K$493K 990 PDF
FY2021 $147K$138K$9K$484K 990 PDF
FY2020 $185K$151K$34K$475K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 (4 parts)
Part VIII · Statement of revenue $162,491 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $127,176$127,176
VIII-3 Investment incomeExcluded from tax $25,115$25,115
VIII-6 Net rental income or lossExcluded from tax $10,200$10,200
VIII-12 Total revenueRelated to mission $127,176 · Excluded from tax $35,315$162,491
Part IX · Statement of functional expenses $139,553 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$26,000
IX-7 Other salaries and wages$37,653
IX-9 Other employee benefits$1,651
IX-10 Payroll taxes$5,393
IX-11b Legal fees$935
IX-11g Other fees for services$7,023
IX-12 Advertising and promotion$3,568
IX-13 Office expenses$35,095
IX-16 Occupancy$7,180
IX-19 Conferences, conventions and meetings$4,297
IX-22 Depreciation, depletion and amortization$5,516
IX-24 Other expenses (24a–d)$5,242
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$139,553
Part X · Balance sheet $2,065,020 assets, 12 lines filed
Asset lines not itemized here account for $1,286,712; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $24,653$30,227
X-2 Savings and temporary cash investmentsStart of year $515,221$630,735
X-9 Prepaid expenses and deferred chargesStart of year $4,955$6,192
X-10c Land, buildings and equipment, netStart of year $64,978$65,564
X-13 Program-related investmentsStart of year $27,712$27,712
X-15 Other assetsStart of year $20,416$17,878
X-16 Total assetsStart of year $2,278,863$2,065,020
X-17 Accounts payable and accrued expensesStart of year $12,222$21,077
X-25 Other liabilitiesStart of year $1,787,768$1,542,132
X-26 Total liabilitiesStart of year $1,799,990$1,563,209
X-32 Total net assets or fund balancesStart of year $478,873$501,811
X-33 Total liabilities and net assetsStart of year $2,278,863$2,065,020
Part XI · Reconciliation of net assets $501,811 net assets at year end
XI-1 Total revenue$162,491
XI-2 Total expenses$139,553
XI-3 Revenue less expenses$22,938
XI-4 Net assets at start of year$478,873
XI-10 Net assets at end of year$501,811

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.