Southern Lakes Credit Union in Kenosha, Wisconsin (WI)

Southern Lakes Credit Union
Employer Identification Number (EIN)	390900961
Name of Organization	Southern Lakes Credit Union
In Care of Name	Barb A Sorensen
Address	3000 80th St, Kenosha, WI 53142-4944
Activities	Loans or credit reporting, Other services or benefits to members or employees, Endowment fund or financial services
Subsection	Credit Union
Ruling Date	04/1971
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Association
Tax Period	12/2012
Assets	$50,000,000 to greater
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$85,450,152
Amount of Income	$3,352,204
Form 990 Revenue Amount	$3,333,132

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?	Yes
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
Gross income from members or shareholders	$0
Gross income from other sources	$0

Statement of Revenue (for 2012)
Total revenue	$3,333,132
Contributions, Gifts, Grants and Other Similar Amounts	$0
Program Service Revenue	$2,674,636
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$675,918
Income from investment of tax-exempt bond proceeds	$0
Royalties	$0
Net rental income	$1,650
Gross rents (Real / Personal)	$1,650 / $0
Less: rental expenses (Real / Personal)	$0 / $0
Rental income or (loss) (Real / Personal)	$1,650 / $0
Net loss from sales of assets other than inventory	$-19,072
Gross amount from sales of assets other than inventory (Securities / Other)	$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$19,072 / $0
Gain or (loss) (Securities / Other)	$-19,072 / $0
Net income from fundraising events	$0
Net income from gaming activities	$0
Net income from sales of inventory	$0
Miscellaneous Revenue	$0

Statement of Functional Expenses (for 2012)
Total functional expenses	$3,625,650
Compensation of current officers, directors, trustees, and key employees	$104,000
Other salaries and wages	$991,557
Payroll taxes	$97,973
Professional fundraising services	$0
Other	$2,432,120

Balance Sheet (for 2012)
Total assets	$85,450,152
Total liabilities	$78,214,445
Tax-exempt bond liabilities	$0
Secured mortgages and notes payable to unrelated third parties	$806,901
Unsecured notes and loans payable to unrelated third parties	$0
Other	$77,407,544
Total net assets or fund balances	$7,235,707
Retained earnings, endowment, accumulated income, or other funds	$3,849,836

Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:	Not provided

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Id	Name	Address	State	Established	Total Income
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18	Southwest Health Center Foundation Inc	1400 Eastside Rd, Platteville, WI 53818-9800	WI	2000-03	$113,684
19	Southwest High School Booster Club Inc	1331 Packerland Dr, Green Bay, WI 54304-1337	WI	2008-05	$132,073
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Affiliation	Name	Address	State	Established	Total Income
20 biggest affiliated organizations
Subordinate	University Of Wisconsin Credit Union	3500 University Ave, Madison, WI 53705-2141	WI	1971-04	$803,056,249
Subordinate	Summit Credit Union	PO BOX 8046, Madison, WI 53708-8046	WI	1971-04	$112,594,327
Subordinate	First American Credit Union	655 3rd St Ste 101, Beloit, WI 53511-6268	WI	1971-04	$109,136,095
Subordinate	Landmark Credit Union	2775 S Moorland Road, New Berlin, WI 53151-3718	WI	1971-04	$108,523,286
Subordinate	Royal Credit Union	2005 Kane Rd, Eau Claire, WI 54703	WI	1971-04	$98,044,023
Subordinate	Credit Unions In The State Of Wisconsin	1960 8th Ave Suite 140, Baldwin, WI 54002	WI	1971-04	$89,305,488
Subordinate	Educators Credit Union, Wfglsfc Wisconsin Federation Great Lakes Sport Fishing Clubs	4037 - 7th Avenue, Kenosha, WI 53140	WI	1971-04	$82,438,511
Subordinate	Community First Credit Union	PO BOX 1487, Appleton, WI 54912-1487	WI	1971-04	$80,670,416
Subordinate	Covantage Credit Union, Langlade County 4-H Dairy Committee	837 Clermont, Antigo, WI 54409	WI	1971-04	$46,752,869
Subordinate	Fox Communities Credit Union, Fcba Fox Cities Bowling Association	237 E Wilson Ave, Appleton, WI 54915	WI	1971-04	$45,791,764
Subordinate	Marine Credit Union	811 Monitor Street, La Crosse, WI 54603-3188	WI	1971-04	$35,989,610
Subordinate	Pioneer Credit Union	PO BOX 2526, Green Bay, WI 54306-2526	WI	1971-04	$33,059,041
Subordinate	Blackhawk Community Credit Union	PO BOX 5366, Janesville, WI 53547-5366	WI	1971-04	$30,748,674
Subordinate	Connexus Credit Union	PO BOX 8026, Wausau, WI 54402-8026	WI	1971-04	$23,027,296
Subordinate	Citizens First Credit Union	PO BOX 3046, Oshkosh, WI 54903-3046	WI	1971-04	$20,390,252
Subordinate	Corporate Central Credit Union	4262 S 108th St, Greenfield, WI 53228-1908	WI	1971-04	$19,084,979
Subordinate	Westby Coop Credit Union	PO BOX 70, Westby, WI 54667-0070	WI	1971-04	$18,499,917
Subordinate	Guardian Credit Union	4501 W Greenfield Ave, Milwaukee, WI 53214-5306	WI	1971-04	$18,480,230
Subordinate	Capital Credit Union	1010 Prospect St, Kimberly, WI 54136-1625	WI	1971-04	$17,828,559
Subordinate	Kohler Credit Union	850 Woodlake Rd, Kohler, WI 53044-1323	WI	1971-04	$16,373,476

Number of affiliated organizations

Wisconsin

265

Total

265