EIN 39-0900961

Southern Lakes Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
48
Year formed
1935
Most recent tax filings
2022-12-01
Description
Member-owned nonprofit providing financial services including deposit holding and loans to members in Kenosha, WI.
Related structure
Southern Lakes Credit Union is a child organization, under an unknown parent.
Total revenues
$3,969,654
2022
Total expenses
$3,620,133
2022
Total assets
$118,091,803
2022
Num. employees
48
2022

Program areas at Southern Lakes Credit Union

As the only locally-based, open-to-the-community financial institution headquartered in kenosha, wi, we work to serve our 9,907 member-owners as a safe, secure, and financially-stable place to conduct business. Our focus is to serve our members and support the communities we serve by providing access to affordable Credit and financial services at favorable rates.
Members have entrusted us with their deposits in share, share draft, money market, ira, hsa, and term share certificate accounts. As of december 31, 2022, we have $107,426,328 in deposits from our members.
We drive value back to our members and help them save money on interest by offering loans at very competitive rates. As of december 31, 2022, we have 4,313 loans outstanding to our members totaling $62,496,492. We work with borrowers to improve their Credit so they pay less in interest over their lives and work with first-time borrowers to understand loans and Credit. In 2022, our members obtained 1,229 in loans from their Credit Union totaling $29,461,668.

Personnel at Southern Lakes Credit Union

NameTitleCompensation
John LyonPresident and Chief Executive Officer$127,658
Timothy BarthelChief Executive Officer$49,587
John MorrisseyChair$0
James BellerSecretary$0
Monica YuhasTreasurer$0
...and 3 more key personnel

Financials for Southern Lakes Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$3,153,728
Investment income and dividends$815,926
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,969,654

Form 990s for Southern Lakes Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-10-12990View PDF
2019-122021-06-24990View PDF
2018-122019-10-30990View PDF
...and 9 more Form 990s

Organizations like Southern Lakes Credit Union

OrganizationLocationRevenue
Governmental Employees Credit UnionLa Crosse, WI$3,521,998
Oshkosh Community Credit UnionOshkosh, WI$999,743
Sentry Credit UnionStevens Point, WI$3,850,431
Peoples Choice Credit UnionMedford, WI$2,062,428
Oakdale Credit Union (OCU)Oakdale, WI$4,086,946
Tomah Area Credit UnionTomah, WI$3,376,958
Golden Rule Community Credit UnionRipon, WI$1,592,423
Winnebago Community Credit Union (WCCU)Oshkosh, WI$6,162,060
Marathon County Employees Credit UnionWausau, WI$1,727,380
Glacier Hills Credit UnionWest Bend, WI$9,272,339
Data update history
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Updated personnel
Identified 1 new personnel
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 22, 2022
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
3000 80th St
Kenosha, WI 53142
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Kenosha County, WI
Website URL
southernlakescu.org/ 
Phone
(262) 694-1600
IRS details
EIN
39-0900961
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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