Organizations Filed Purposes:
To make available the best possible financial products to our members, by providing competitive rates, member education, and outstanding service, while maintaining the credit union's long-term financial stability.
Indianhead Credit Union offers many services including savings and loans designed to improve the economic and social well being of all members from all social economic backgrounds, including low and moderate income members. Our loans include real estate loans and small balance consumer loans, our savings include small balance passbook accounts.
Granted 70 real estate loans. We participate in the FHLBC Down Payment Assistance program for low and moderate income home buyers. Many of our real estate loans are for manufactured homes that provide affordable housing for low and moderate income members. We break our revenues by loan type but not expenses, this is part of our normal activity.
We have 2 high school credit union branches to help teach financial education. We provide budget simulations for high school students in seven high schools. The program is called Mad City. We offer scholarships for teachers to attend a 2 week financial education seminar when requested. There is no revenue generated for these activities. The expenses are part of public relations and not broken out. Estimated expenses for 2018 are $5,000.
The Credit Union provides staff, space and equipment for a VITA/AARP site at our Spooner office; we did at least 575 tax returns for low and moderate income individuals in our community at no charge to the tax payer. This service does not generate income; the expenses are an estimate since staff is doing this during regular business hours. I estimate the cost to be $12,000.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Katherine Berndt | CEO/President | 40 | $106,657 |
| Renee Zimmerman | Vice-President Operations | 40 | $46,219 |
| Lance Burger | DIRECTOR | 1 | $0 |
| Michael Ostrenga | VICE-CHAIR | 1 | $0 |
| Richard Mooney | Director | 1 | $0 |
| Richard Hartmann | SECRETARY/TREASURER | 2 | $0 |
| Daniel Makosky | Director | 1 | $0 |
| Larry Avery | Director | 1 | $0 |
| Gary Sloniker | Board Chair | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/201923189349310362_public.xml