Kohler Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 390402815 ✦ Sheboygan, WI ✦ Designated as a 501(c)(14)

Overview

What is Kohler Credit Union?

Kohler Credit Union is a credit union based at 5727 Superior Avenue, Sheboygan, Wisconsin, 53083. Established with a mission to encourage thrift among members, this nonprofit organization creates a reliable source of credit and offers opportunities for members to enhance their economic and social conditions. In 2021, the credit union originated over $207 million in new loans and serviced over $459 million in loan balances for its members. With a team of approximately 230 employees, Kohler Credit Union continues to perform the functions and exercise the powers designated for credit unions under applicable law.


Official website here: www.kohlercu.com

Is Kohler Credit Union legitimate?

Kohler Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Kohler Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $893,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,205,091

For more financial information, click here


Official website here: www.kohlercu.com

What is the mission statement of Kohler Credit Union?

Kohler Credit Union is dedicated to encouraging thrift among its members and acting as a reliable source of credit at reasonable costs. Its mission is to provide members with opportunities to enhance their economic and social conditions. The credit union adheres to the functions and powers designated for credit unions under applicable law, and in 2021, it originated over $207 million in new loans and serviced over $459 million in loan balances for its member-owners.


Official website here: www.kohlercu.com

Who is the CEO of Kohler Credit Union?

Tony Klockow is the President of Kohler Credit Union.


Official website here: www.kohlercu.com

What is the revenue of Kohler Credit Union?

Kohler Credit Union's revenue in 2022 was $22,715,156.


Official website here: www.kohlercu.com

Who are the executives of Kohler Credit Union and what are their salaries?

The average compensation at Kohler Credit Union during 2022 was $35,211. There are 230 employees and 9 volunteers at Kohler Credit Union.

Here are 17 key members and their salaries:

    Tony Klockow (President)
  • Compensation: $447,293
  • Related: $0
  • Other: $21,605

    • Amy Grinna (Evp)
  • Compensation: $262,871
  • Related: $0
  • Other: $7,295

    • Deniss Makenjenko (Svp Branch Operations)
  • Compensation: $200,259
  • Related: $0
  • Other: $4,178

    • Melissa Doebert (Svp Human Resources)
  • Compensation: $140,567
  • Related: $0
  • Other: $16,523

    • Greg Daniels (Cfo)
  • Compensation: $151,024
  • Related: $0
  • Other: $3,379

    • Laura Gabrielse (Svp Member Experience)
  • Compensation: $125,029
  • Related: $0
  • Other: $22,103

    • Alexis Rodriguez (Mortgage Loan Originator)
  • Compensation: $133,491
  • Related: $0
  • Other: $13,430

    • Susan Vandermeuse (Svp Audit & Assurance)
  • Compensation: $124,850
  • Related: $0
  • Other: $17,028

    • Chris Lacey (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd Ullman (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica Entringer-Leikip (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Gruenloh (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Post (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laurie Lindow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Gerner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rhonda Lutzke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Virant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.kohlercu.com

    Where can I find the form 990 for Kohler Credit Union?

    The Kohler Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.kohlercu.com

    Learn more at the official website: www.kohlercu.com

    Mission Statement of Kohler Credit Union

    Kohler Credit Union, a leading financial institution, is committed to encouraging thrift among its members while providing a reliable source of credit at reasonable costs. Established under applicable law, the organization aims to empower each member to improve their economic and social conditions. By performing the designated functions and exercising the powers of a credit union, Kohler Credit Union enables its members to reap financial benefits.

    The mission of Kohler Credit Union is multifaceted. It starts by encouraging members to save and develop good financial habits, thus fostering a thriving community of financially responsible individuals. The organization then offers credit services, ensuring that members have access to fair and affordable financing options when they need it. In doing so, Kohler Credit Union creates opportunities for its members to enhance their economic conditions.

    Moreover, Kohler Credit Union plays a pivotal role in serving the loan needs of its members, originating over $207 million in new loans and servicing over $459 million in loan balances for its member-owners. These figures underscore the organization's success in providing essential financial services to its community. By offering loans and maintaining existing balances, Kohler Credit Union helps its members meet their financial goals, whether it is purchasing a home, investing in education, or addressing unforeseen expenses. In this way, the credit union truly embodies its mission to empower its members and improve their economic and social conditions.

    Impact

    This information is meant to be a general summary of Kohler Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Kohler Credit Union's impact includes originating over $207 million in new loans and servicing over $459 million in loan balances for its member/owners. Through its mission to encourage thrift among members, create fair and reasonable sources of credit, and provide opportunities for economic and social improvement, Kohler Credit Union plays a significant role in improving the financial well-being of its community in Sheboygan, WI.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,025,331
  • Program Service Revenue: $21,689,825
  • Gross Receipts: $23,103,069

    • Assets and Liabilities:
  • Total Assets: $576,276,707
  • Total Liabilities: $535,342,432
  • Net Assets: $40,934,275
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INTEREST

    Revenue

    $14,141,199

    OTHER INCOME

    Revenue

    $5,303,896

    FEE INCOME

    Revenue

    $2,244,730

    Organization Details

    Founding Year

    1938

    Principal Officer

    Tony Klockow

    Main Address

    5727 SUPERIOR AVE, SHEBOYGAN, WI, 53083

    If you are a representative of Kohler Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.