Overview

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Est.

1931

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

WEA CREDIT UNION is a nonprofit organization dedicated to providing confidential financial services to members of WEAC, enabling them to borrow money at significantly lower interest rates than typical lending agencies. With an operating budget of $1.7M and total revenue of $2.2M in 2025, the organization relies on support from funders such as WISCONSIN CREDIT UNION FOUNDATION INC, which contributed $125.4K. The credit union focuses on fostering a safe and beneficial investment opportunity for its members while promoting financial well-being in the community.

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.
Revenues
$1.9M
Expenses
$1.5M
Net Income:
+$347.3K
Assets
$38.3M
Liabilities
$33.9M
Net Assets:
+$4.4M
Operating Budget
$1.5M
Operating Budget by Year

Due Diligence

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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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Total No. of Grants
1
Median grant size
$15K
Largest grant received
$15K
R
Russell Allen
Board Member
R
Ross Hampton
Board Member
K
Kathryn Nauta
Board Member
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  • 1 funders
  • 21 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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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.