Focus Credit Union FY2022 filing

Wauwatosa, WIUnknown exempt organization EIN 39-1094338Revenue $2.6M in FY2022Latest return filed Jun 6, 2025

On file with the IRSfocus-cu.comN88w14930 Main St · Wauwatosa, WI

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Not for profit financial cooperative thrift which provides financial services to benefit the membership of the organization.

100¢ of each $1 spent went to programs.
$331K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $717K a year · 24% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$331K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
70 mo
of spending, in cash
Looks good: 69.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$53.8M
92% of total assets
Concern: liabilities are 92% 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
$2.6M
+7% vs prior year
Spent
$2.0M
To programs
100%
Net assets
$4.8M
By yearFY2020–FY2024
Revenue
$2.6M
FY2022▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.4M
FY2022$2.6M
FY2023$3.4M
FY2024$4.0M
Expenses
$2.0M
FY2022▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.0M
FY2022$2.0M
FY2023$2.2M
FY2024$2.9M
Net assets
$4.8M
FY2022▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$4.3M
FY2022$4.8M
FY2023$6.0M
FY2024$7.1M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.0M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $331K paid to officers and key staff.

Part VII, Section A · reportable compensation
Presidentceo
$185,639Pt VII · Sec A
$141,834Pt VII · Sec A
Board Director
$585Pt VII · Sec A
Board Secretary
$540Pt VII · Sec A
Board Chair
$540Pt VII · Sec A
Board Treasurer
$495Pt VII · Sec A
Vicechair
$405Pt VII · Sec A
Board Director
$360Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Dean Wilson$211,572$180,861—$162,722$169,780
Dean C Wilson——$185,639——
Kimberly Youngblood$170,651$139,049—$124,752$123,503
Kimberly R Youngblood——$141,834——
John Weber$540$585$540$585$585
Kimberly Ashwood$450$450$585$495$495
Ryan Cepican—$315$405$360$585
Amy Rummel$495$540———

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 Focus Credit Union executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers financial services to members, benefiting them collectively.

Questions for Focus Credit Union

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Your first name shows with your question. Focus Credit Union answers here, for everyone.

2 programs · in their own filed words · FY2022
01

Focus credit union granted 699 member loans during 2022. As of december 31, 2022 fcu had 104 mortgage loans and lines of credit outstanding, 823 credit cards outstanding and 2,386 consumer loans and lines of credit outstanding.

Pt IX · col B
02

Focus credit union had deposit, transaction, and investment accounts with 6,606 members. During 2022 fcu opened 375 new member 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$20K
Grants paid · 1 grant · $20K · 2024–2024

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$188K
Other incomeLn 4–11$8K
Money outPt IX
$2.0M
Ln 25
Programscol B$2.0M
Owns and owesPt X
$4.8M
net assets · Ln 32
Cash and savingsLn 1–2$11.9M
Total assetsLn 16$58.6M
LiabilitiesLn 26$53.8M
PeoplePt VI, VII
9
listed · VII A
PaidVII A9
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$188K
Other incomeLn 4–11$8K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$576K
SavingsLn 2$11.3M
Cash and savings togetherLn 1–2$11.9M
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$58.6M
LiabilitiesLn 26$53.8M
Net assetsLn 32$4.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$14.2M$11.9M
InvestmentsLn 11–13$2.6M$2.8M
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$57.4M$58.6M
LiabilitiesLn 26$53.1M$53.8M
Net assetsLn 32$4.3M$4.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$327K$327K
Other salaries and wagesLn 7$497K$497K
Pension plan contributionsLn 8$34K$34K
Other employee benefitsLn 9$107K$107K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$127K$127K
Advertising and promotionLn 12$35K$35K
Office expensesLn 13$132K$132K
Information technologyLn 14$103K$103K
OccupancyLn 16$113K$113K
TravelLn 17$7K$7K
Payments to affiliatesLn 21$19K$19K
Depreciation, depletion and amortizationLn 22$89K$89K
Other expenses (24a–d)Ln 24$432K$432K
Total functional expensesLn 25$2.0M$2.0M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Jun 6, 2025 $4.0M$2.9M$1.1M$7.1M 990 PDF
FY2023Filed with the IRS Jul 8, 2024 $3.4M$2.2M$1.2M$6.0M 990 PDF
FY2022 ViewingFiled with the IRS Mar 27, 2023 $2.6M$2.0M$524K$4.8M 990 PDF
FY2021Filed with the IRS Mar 22, 2022 $2.4M$2.0M$398K$4.3M 990 PDF
FY2020Filed with the IRS Apr 9, 2021 $2.4M$2.1M$305K$3.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,568,574 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,332,402$2,372,935
I-10 Investment incomePrior year $63,779$187,973
I-11 Other revenuePrior year $8,178$7,666
I-12 Total revenuePrior year $2,404,359$2,568,574
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$965,692
I-16a Professional fundraising fees$0
I-17 Other expenses$1,078,951
I-18 Total expenses$2,044,643
I-19 Revenue less expensesPrior year $2,404,359$523,931
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-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,568,574 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,365,527 · Unrelated business $7,408$2,372,935
VIII-3 Investment incomeRelated to mission $187,973$187,973
VIII-5 RoyaltiesRelated to mission $7,666$7,666
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,561,166 · Unrelated business $7,408$2,568,574
Part IX · Statement of functional expenses $2,044,643 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $327,473$327,473
IX-7 Other salaries and wagesPrograms $497,199$497,199
IX-8 Pension plan contributionsPrograms $33,937$33,937
IX-9 Other employee benefitsPrograms $107,083$107,083
IX-11c Accounting feesPrograms $22,195$22,195
IX-11g Other fees for servicesPrograms $126,689$126,689
IX-12 Advertising and promotionPrograms $35,328$35,328
IX-13 Office expensesPrograms $131,878$131,878
IX-14 Information technologyPrograms $103,049$103,049
IX-16 OccupancyPrograms $112,792$112,792
IX-17 TravelPrograms $7,226$7,226
IX-21 Payments to affiliatesPrograms $18,656$18,656
IX-22 Depreciation, depletion and amortizationPrograms $89,284$89,284
IX-24 Other expenses (24a–d)Programs $431,854$431,854
IX-25 Total functional expensesPrograms $2,044,643 · Management $0 · Fundraising $0$2,044,643
Part X · Balance sheet $58,597,299 assets, 11 lines filed
Asset lines not itemized here account for $41,790,122; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $519,783$576,359
X-2 Savings and temporary cash investmentsStart of year $13,644,261$11,293,279
X-9 Prepaid expenses and deferred chargesStart of year $836,649$856,866
X-10c Land, buildings and equipment, netStart of year $1,375,041$1,330,252
X-13 Program-related investmentsStart of year $2,643,586$2,750,421
X-16 Total assetsStart of year $57,409,856$58,597,299
X-17 Accounts payable and accrued expensesStart of year $255,672$367,862
X-25 Other liabilitiesStart of year $52,891,620$53,442,942
X-26 Total liabilitiesStart of year $53,147,292$53,810,804
X-32 Total net assets or fund balancesStart of year $4,262,564$4,786,495
X-33 Total liabilities and net assetsStart of year $57,409,856$58,597,299
Part XI · Reconciliation of net assets $4,786,495 net assets at year end
XI-1 Total revenue$2,568,574
XI-2 Total expenses$2,044,643
XI-3 Revenue less expenses$523,931
XI-4 Net assets at start of year$4,262,564
XI-10 Net assets at end of year$4,786,495

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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