Firefighters Credit Union FY2022 filing

Onalaska, WIUnknown exempt organizationSince 1931EIN 39-6050488Revenue $4.7M in FY2022

On file with the IRSmyfirecu.org2707 Midwest Dr · Onalaska, WI

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Firefighters Credit Union is a cooperative, nonprofit corporation, incorporated under Wisconsin State Law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.

$552K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · 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 $1.2M a year · 19% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$552K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$96.5M
85% of total assets
Concern: liabilities are 85% 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
$4.7M
-9% vs prior year
Spent
$3.9M
To programs
0%
Net assets
$17.1M
By yearFY2020–FY2025
Revenue
$4.7M
FY2022▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.4M
FY2021$5.2M
FY2022$4.7M
FY2023$5.9M
FY2024$7.4M
FY2025$8.1M
Expenses
$3.9M
FY2022-0.10%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.0M
FY2021$3.9M
FY2022$3.9M
FY2023$5.1M
FY2024$6.3M
FY2025$6.5M
Net assets
$17.1M
FY2022▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$15.0M
FY2021$16.3M
FY2022$17.1M
FY2023$17.8M
FY2024$18.9M
FY2025$20.5M

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 (FY2025) →

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

11 people listed on the 990; $552K paid to officers and key staff.

Part VII, Section A · reportable compensation
Mortgage Loan Officer
$180,324Pt VII · Sec A
$178,472Pt VII · Sec A
Chief Financial Officer
$100,104Pt VII · Sec A
Director of Compliance & Operations
$92,960Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Troy Arenz$201,380$171,060—$180,324$367,695$361,392
Bruce Zmolek$145,164$180,630$182,697———
Bruce E Zmolek———$178,472$176,207$166,478
Samantha Solare$118,482$85,189————
Matt Faron————$112,428$108,774
Amy Fruit$111,416$106,739$101,478———
Matthew Faron$108,385—————
Connie Garbers$100,930$99,376$94,960$92,960$89,018$85,843

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps members save money and access affordable loans to improve their lives.

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Provided by the organization

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3 programs · $3.9M · in their own filed words · FY2022
01

Provided low-cost financial services to 5,044 members.

$3.3Mprogram expense
02

Competitive dividend rates are given on share, share draft and certificate accounts. (11,250 Accounts)

$475Kprogram expense
03

Granted 1,096 new loans to members totaling $62,561,903.

$123Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Fees for servicesLn 2g$4.6M
Investment incomeLn 3$130K
Money outPt IX
$3.9M
Ln 25
Owns and owesPt X
$17.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$113.6M
LiabilitiesLn 26$96.5M
PeoplePt VI, VII
11
listed · VII A
PaidVII A4
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.6M
Investment incomeLn 3$130K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$856K
SavingsLn 2$905K
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$8.3M
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$1.3M
Total assetsLn 16$113.6M
LiabilitiesLn 26$96.5M
Net assetsLn 32$17.1M
OperationsPt I, VI
EmployeesI 536
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$6.5M$1.8M
InvestmentsLn 11–13$9.7M$8.3M
Land, buildings, equipmentLn 10c$3.0M$2.9M
Total assetsLn 16$103.7M$113.6M
LiabilitiesLn 26$87.4M$96.5M
Net assetsLn 32$16.3M$17.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$552K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.1M
Pension plan contributionsLn 8$63K
Other employee benefitsLn 9$150K
Payroll taxesLn 10$130K
Management feesLn 11a$0
Legal feesLn 11b$6K
Accounting feesLn 11c$32K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$257K
Office expensesLn 13$145K
Information technologyLn 14$125K
RoyaltiesLn 15$0
OccupancyLn 16$194K
TravelLn 17$19K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$25K
InterestLn 20$0
Payments to affiliatesLn 21$34K
Depreciation, depletion and amortizationLn 22$158K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$714K
All other expensesLn 24e$166K
Total functional expensesLn 25$3.9M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8.1M$6.5M$1.6M$20.5M 990 PDF
FY2024 $7.4M$6.3M$1.1M$18.9M 990 PDF
FY2023 $5.9M$5.1M$707K$17.8M 990 PDF
FY2022 Viewing $4.7M$3.9M$829K$17.1M 990 PDF
FY2021 $5.2M$3.9M$1.3M$16.3M 990 PDF
FY2020 $5.4M$4.0M$1.4M$15.0M 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 FY2022 990 (6 parts)
Part I · Summary $4,695,385 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $5,090,979$4,565,018
I-10 Investment incomePrior year $86,448$130,367
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,177,427$4,695,385
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,197,018$1,990,667
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,673,294$1,875,815
I-18 Total expensesPrior year $3,870,312$3,866,482
I-19 Revenue less expensesPrior year $1,307,115$828,903
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,695,385 across 5 lines filed
Lines not itemized here account for $34,528 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,505,271 · Unrelated business $25,219 · Excluded from tax $0$4,530,490
VIII-3 Investment incomeRelated to mission $130,367 · Unrelated business $0 · Excluded from tax $0$130,367
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $4,670,166 · Unrelated business $25,219 · Excluded from tax $0$4,695,385
Part IX · Statement of functional expenses $3,866,482 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$551,860
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$1,095,555
IX-8 Pension plan contributions$63,217
IX-9 Other employee benefits$149,600
IX-10 Payroll taxes$130,435
IX-11a Management fees$0
IX-11b Legal fees$6,232
IX-11c Accounting fees$32,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$257,085
IX-13 Office expenses$145,404
IX-14 Information technology$124,825
IX-15 Royalties$0
IX-16 Occupancy$194,314
IX-17 Travel$18,798
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$25,100
IX-20 Interest$0
IX-21 Payments to affiliates$34,406
IX-22 Depreciation, depletion and amortization$157,699
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$714,243
IX-24e All other expenses$165,709
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$3,866,482
Part X · Balance sheet $113,613,482 assets, 22 lines filed
Asset lines not itemized here account for $99,284,857; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $814,219$856,368
X-2 Savings and temporary cash investmentsStart of year $5,692,941$905,295
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $46,521$31,055
X-10c Land, buildings and equipment, netStart of year $3,014,052$2,933,818
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $9,712,664$8,263,414
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $1,267,722$1,338,675
X-16 Total assetsStart of year $103,655,154$113,613,482
X-17 Accounts payable and accrued expensesStart of year $682,204$666,003
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $86,696,297$95,841,923
X-26 Total liabilitiesStart of year $87,378,501$96,507,926
X-32 Total net assets or fund balancesStart of year $16,276,653$17,105,556
X-33 Total liabilities and net assetsStart of year $103,655,154$113,613,482
Part XI · Reconciliation of net assets $17,105,556 net assets at year end
XI-1 Total revenue$4,695,385
XI-2 Total expenses$3,866,482
XI-3 Revenue less expenses$828,903
XI-4 Net assets at start of year$16,276,653
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,105,556

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

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