Southern Lakes Credit Union

Kenosha, WI | http://WWW.SOUTHERNLAKESCU.ORG

Is this your nonprofit?

This organization has not appeared on the IRS Business Master File in a number of months. It may have merged with another organization or ceased operations.

This organization is not registered with the IRS.

Mission

WE WILL STRIVE TO MAKE A SIGNIFICANT DIFFERENCE IN IMPROVING THE QUALITY OF LIFE OF OUR MEMBERS AND THE COMMUNITIES WE SERVE BY PROVIDING AFFORDABLE ACCESS TO CREDIT AND FINANCIAL SERVICES.

Ruling year info

1971

Principal Officer

JOHN LYON

Main address

3000 80th St

Kenosha, WI 53142 United States

EIN

39-0900961

NTEE code info

Credit Unions (W61)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Is this your nonprofit?

Programs and results

What we aim to solve

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Our programs

SOURCE: IRS Form 990

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

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.

Expenses

Revenue

Program 2

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.

Expenses

Revenue

Program 3

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.

Expenses

Revenue

Where we work

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Financials

Southern Lakes Credit Union

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Operations

The people, governance practices, and partners that make the organization tick.

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This organization has no recorded board members.