AI Summary
WEA Credit Union is a nonprofit financial institution created and sponsored by the Wisconsin Education Association Council (WEAC) to provide confidential lending services to its members at lower interest rates than traditional loan providers. With an operating budget of $1.5 million and total revenue of $1.9 million for the filing year 2024, the organization emphasizes safe investment opportunities for its members. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse financial base for its operations. More information can be found on their website, WEACU.COM.
Mission Statement
WEA CREDIT UNION WAS CREATED AND SPONSORED BY WEAC FOR TWO REASONS. 1. TO PROVIDE A CONFIDENTIAL SERVICE FROM WHICH MEMBERS OF WEAC CAN BORROW MONEY AT SUBSTANTIALLY LOWER RATES OF INTERST THAN IS POSSIBLE FROM SMALL LOAN COMPANIES OR LOCAL LENDING AGENCIES. 2. TO FURNISH THE OPPORTUNITY FOR INVESTMENT BY MEMBERS WHO DESIRE TO PUT THEIR MONEY IN A SAFE AND HELPFUL BUSINESS PROGRAM.
Charity Verification Snapshot
IRS EO Business Master File Status
Not in Business Master File
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
WISCONSIN CREDIT UNION FOUNDATION INC
Madison, WI, US
$125.4K
12%
Frequently Asked Questions
What is WEA CREDIT UNION’s budget?
In 2024, WEA CREDIT UNION reported an annual operating budget of around $1.5 million. More detailed financial information is available to registered users.
Where does WEA CREDIT UNION operate?
WEA CREDIT UNION is headquartered in Madison, WI.
Who funded WEA CREDIT UNION recently?
In 2024, WEA CREDIT UNION received grants from WISCONSIN CREDIT UNION FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant WEA CREDIT UNION received in 2024?
The largest grant to WEA CREDIT UNION in 2024 exceeds $15 thousand.