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New Credit Union

Oconto Falls, WIUnknown exempt organizationSince 1962 EIN 39-6050513Revenue $8.3M in FY2025

On file with the IRSnewcu.org301 Jackson St · Oconto Falls, WI

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Member owned financial cooperative. The mission is to provide exceptional service to all member/owners, offer a variety of personalized convenient and quality services to assist member/owners in reaching their financial goals, protect the assets of the member/owners and assure the financial stability of the credit union, encourage continuing financial education and provide enrichment, and actively serve the communities in which our member/owners live & work.

$144K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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
6 of 6
filings with a surplus
Average surplus $981K a year · 16% 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
$144K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
113 mo
of spending, in cash
Looks good: 112.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$146.6M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 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
$8.3M
+15% vs prior year
Spent
$6.2M
To programs
0%
Net assets
$18.6M
By yearFY2020–FY2025
Revenue
$8.3M
FY2025▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.0M
FY2021$4.7M
FY2022$4.9M
FY2023$5.7M
FY2024$7.2M
FY2025$8.3M
Expenses
$6.2M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.2M
FY2021$4.3M
FY2022$4.4M
FY2023$5.2M
FY2024$5.7M
FY2025$6.2M
Net assets
$18.6M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.0M
FY2021$14.3M
FY2022$13.9M
FY2023$14.6M
FY2024$16.5M
FY2025$18.6M

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

8 people listed on the 990; $144K paid to officers and key staff.

Part VII, Section A · reportable compensation
Lisa Gilligan
Ceopresident
$143,768Pt VII · Sec A
$0Pt VII · Sec A
Ken Harter
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeff Behnke
Director
$0Pt VII · Sec A
Gina Cramer
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lisa Gilligan$143,768$140,718$146,000$132,000$125,000$124,963

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 achieve financial goals through education, services, and community support.

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Provided by the organization

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2 programs · $863K · in their own filed words · FY2025
01

The credit union has various types of deposit accounts available for our members. As of 12/31/2025, we had 12,204 members with 28,008 deposit accounts.

$863Kprogram expense
02

The credit union has several types of loan programs available for our members. We funded 1,603 amount of loans for our members totaling $48.9 million dollars.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$8.3M
Ln 12
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$2.2M
Money outPt IX
$6.2M
Ln 25
Owns and owesPt X
$18.6M
net assets · Ln 32
Cash and savingsLn 1–2$57.7M
Total assetsLn 16$165.2M
LiabilitiesLn 26$146.6M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$2.2M
Total revenueLn 12$8.3M
Assets in detailPt X, end of year
CashLn 1$2.4M
SavingsLn 2$55.3M
Cash and savings togetherLn 1–2$57.7M
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$624K
Total assetsLn 16$165.2M
LiabilitiesLn 26$146.6M
Net assetsLn 32$18.6M
OperationsPt I, VI
EmployeesI 551
VolunteersI 60
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$66.2M$57.7M
InvestmentsLn 11–13$2.1M$2.2M
Land, buildings, equipmentLn 10c$1.1M$1.3M
Total assetsLn 16$151.0M$165.2M
LiabilitiesLn 26$134.6M$146.6M
Net assetsLn 32$16.5M$18.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$144K
Other salaries and wagesLn 7$1.5M
Pension plan contributionsLn 8$64K
Other employee benefitsLn 9$380K
Payroll taxesLn 10$144K
Accounting feesLn 11c$28K
Investment management feesLn 11f$28K
Advertising and promotionLn 12$151K
Office expensesLn 13$1.5M
Information technologyLn 14$179K
OccupancyLn 16$714K
Conferences, conventions and meetingsLn 19$49K
InterestLn 20$40
Depreciation, depletion and amortizationLn 22$203K
InsuranceLn 23$50K
Other expenses (24a–d)Ln 24$1.0M
Total functional expensesLn 25$6.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $8.3M$6.2M$2.1M$18.6M 990 PDF
FY2024 $7.2M$5.7M$1.5M$16.5M 990 PDF
FY2023 $5.7M$5.2M$538K$14.6M 990 PDF
FY2022 $4.9M$4.4M$561K$13.9M 990 PDF
FY2021 $4.7M$4.3M$371K$14.3M 990 PDF
FY2020 $5.0M$4.2M$806K$14.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $8,259,450 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $5,068,807$6,043,192
I-10 Investment incomePrior year $2,109,576$2,216,258
I-11 Other revenue$0
I-12 Total revenuePrior year $7,178,383$8,259,450
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,260,935$2,232,951
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,418,741$3,917,595
I-18 Total expensesPrior year $5,679,676$6,150,546
I-19 Revenue less expensesPrior year $1,498,707$2,108,904
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
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 $8,259,450 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,027,039 · Unrelated business $16,153$6,043,192
VIII-3 Investment incomeRelated to mission $2,216,258$2,216,258
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $8,243,297 · Unrelated business $16,153 · Excluded from tax $0$8,259,450
Part IX · Statement of functional expenses $6,150,546 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$143,768
IX-7 Other salaries and wages$1,501,281
IX-8 Pension plan contributions$64,313
IX-9 Other employee benefits$379,982
IX-10 Payroll taxes$143,607
IX-11c Accounting fees$27,774
IX-11f Investment management fees$27,710
IX-12 Advertising and promotion$150,559
IX-13 Office expenses$1,487,849
IX-14 Information technology$178,829
IX-16 Occupancy$713,812
IX-19 Conferences, conventions and meetings$49,474
IX-20 Interest$40
IX-22 Depreciation, depletion and amortization$202,778
IX-23 Insurance$50,485
IX-24 Other expenses (24a–d)$1,028,285
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$6,150,546
Part X · Balance sheet $165,152,191 assets, 13 lines filed
Asset lines not itemized here account for $102,874,979; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,115,657$2,383,790
X-2 Savings and temporary cash investmentsStart of year $64,084,174$55,310,018
X-4 Accounts receivableStart of year $369,532$329,864
X-9 Prepaid expenses and deferred chargesStart of year $120,667$169,862
X-10c Land, buildings and equipment, netStart of year $1,116,370$1,283,161
X-13 Program-related investmentsStart of year $2,126,165$2,176,582
X-15 Other assetsStart of year $581,923$623,935
X-16 Total assetsStart of year $151,042,811$165,152,191
X-17 Accounts payable and accrued expensesStart of year $2,465,702$2,171,576
X-25 Other liabilitiesStart of year $131,894,358$144,148,152
X-26 Total liabilitiesStart of year $134,587,415$146,590,859
X-32 Total net assets or fund balancesStart of year $16,455,396$18,561,332
X-33 Total liabilities and net assetsStart of year $151,042,811$165,152,191
Part XI · Reconciliation of net assets $18,561,332 net assets at year end
XI-1 Total revenue$8,259,450
XI-2 Total expenses$6,150,546
XI-3 Revenue less expenses$2,108,904
XI-4 Net assets at start of year$16,455,396
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,561,332

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

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