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Teachers Credit Union

  • Beloit, WI
  • EIN: 39-0736227

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Summary charts: organization finances over time

Revenue
$1.35M (2023)

Expenses
$1.02M (2023)

Total Assets
$33.3M (2023)

Total Liabilities
$29.4M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,349,459
Expenses
$1,017,966
Net Income
$331,493
Net Assets
$3,914,397
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $848,325
62.9%
Investment Income $492,595
36.5%
Bond Proceeds $0
Royalties $8,539
0.6%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $156,995
15.4%
Professional Fundraising Fees $0
Other Salaries and Wages $138,626
13.6%
Assets/Debt
Total Assets $33,299,318
Total Liabilities $29,384,921
Net Assets $3,914,397
Compensation
Key Employees and Officers Compensation Related Other
Amy Jacobson (President) $88,486 $0 $5,092
Lisa Wertz (Vice Preside) $67,441 $0 $3,964
Terrance Mccann (Chair) $588 $0 $0
Susan Brunson (Secretary (P) $360 $0 $0
Henry Clement (Director) $40 $0 $0
Robert Llorca (Secretary (P) $40 $0 $0
Evlynne Owens (Director) $40 $0 $0
Bobby Beamon (Director) $0 $0 $0
Schatze Funk (Director) $0 $0 $0
Arthur Gurholt (Treasurer) $0 $0 $0
Karen Kerr (Director) $0 $0 $0
Thomas Michels (Vice Chair) $0 $0 $0
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Document Links

990
Filed on April 10, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$910,623
Expenses
$820,823
Net Income
$89,800
Net Assets
$3,582,904
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $684,904
75.2%
Investment Income $217,691
23.9%
Bond Proceeds $0
Royalties $8,028
0.9%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $153,182
18.7%
Professional Fundraising Fees $0
Other Salaries and Wages $120,275
14.7%
Assets/Debt
Total Assets $32,637,898
Total Liabilities $29,054,994
Net Assets $3,582,904
Compensation
Key Employees and Officers Compensation Related Other
Amy Jacobson (President) $86,200 $0 $5,067
Lisa Wertz (Vice Preside) $65,914 $0 $3,868
Terrance Mccann (Chair) $490 $0 $0
Robert Llorca (Secretary) $360 $0 $0
Thomas Michels (Vice Chair) $98 $0 $0
Evlynne Owens (Director) $80 $0 $0
Henry Clement (Director) $40 $0 $0
Bobby Beamon (Director) $0 $0 $0
Schatze Funk (Director) $0 $0 $0
Arthur Gurholt (Treasurer) $0 $0 $0
Karen Kerr (Director) $0 $0 $0
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Document Links

990
Filed on May 2, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$842,368
Expenses
$791,938
Net Income
$50,430
Net Assets
$3,493,104
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $643,699
76.4%
Investment Income $190,650
22.6%
Bond Proceeds $0
Royalties $8,019
1.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $148,292
18.7%
Professional Fundraising Fees $0
Other Salaries and Wages $101,466
12.8%
Assets/Debt
Total Assets $30,711,372
Total Liabilities $27,218,268
Net Assets $3,493,104
Compensation
Key Employees and Officers Compensation Related Other
Amy Jacobson (President) $83,269 $0 $4,942
Lisa Wertz (Vice Preside) $63,955 $0 $3,778
Terrance Mccann (Chair) $588 $0 $0
Robert Llorca (Secretary) $400 $0 $0
Henry Clement (Director) $80 $0 $0
Thomas Michels (Vice Chair) $0 $0 $0
Arthur Gurholt (Treasurer) $0 $0 $0
Bobby Beamon (Director) $0 $0 $0
Evlynne Owens (Director) $0 $0 $0
Karen Kerr (Director) $0 $0 $0
Schatze Funk (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on March 23, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$843,032
Expenses
$741,144
Net Income
$101,888
Net Assets
$3,442,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $566,183
67.2%
Investment Income $267,583
31.7%
Bond Proceeds $0
Royalties $9,266
1.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $148,395
20.0%
Professional Fundraising Fees $0
Other Salaries and Wages $103,936
14.0%
Assets/Debt
Total Assets $29,004,796
Total Liabilities $25,562,122
Net Assets $3,442,674
Compensation
Key Employees and Officers Compensation Related Other
Amy Jacobson (President) $83,332 $0 $4,930
Lisa Wertz (Vice Preside) $63,995 $0 $3,773
Terrance Mccann (Chair) $588 $0 $0
Robert Llorca (Secretary) $400 $0 $0
Henry Clement (Director) $80 $0 $0
Bobby Beamon (Director) $0 $0 $0
Schatze Funk (Director) $0 $0 $0
Arthur Gurholt (Treasurer) $0 $0 $0
Karen Kerr (Director) $0 $0 $0
Thomas Michels (Vice Chair) $0 $0 $0
Evlynne Owens (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on March 25, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$880,649
Expenses
$799,781
Net Income
$80,868
Net Assets
$3,340,786
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $569,952
64.7%
Investment Income $299,351
34.0%
Bond Proceeds $0
Royalties $11,346
1.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $143,624
18.0%
Professional Fundraising Fees $0
Other Salaries and Wages $106,097
13.3%
Assets/Debt
Total Assets $24,517,520
Total Liabilities $21,176,734
Net Assets $3,340,786
Compensation
Key Employees and Officers Compensation Related Other
Amy Jacobson (President) $80,270 $0 $4,807
Lisa Wertz (Vice Preside) $62,286 $0 $3,713
Terrance Mccann (Chair) $588 $0 $0
Robert Llorca (Secretary) $400 $0 $0
Henry Clement (Director) $80 $0 $0
Thomas Michels (Vice Chair) $0 $0 $0
Arthur Gurholt (Treasurer) $0 $0 $0
Bobby Beamon (Director) $0 $0 $0
Evlynne Owens (Director) $0 $0 $0
Karen Kerr (Director) $0 $0 $0
Schatze Funk (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on June 2, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$798,528
Expenses
$751,706
Net Income
$46,822
Net Assets
$3,259,918
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,844
0.4%
Program Services $533,265
66.8%
Investment Income $251,714
31.5%
Bond Proceeds $0
Royalties $10,705
1.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $152,362
20.3%
Professional Fundraising Fees $0
Other Salaries and Wages $108,383
14.4%
Assets/Debt
Total Assets $23,927,644
Total Liabilities $20,667,726
Net Assets $3,259,918
Compensation
Key Employees and Officers Compensation Related Other
Amy Jacobson (President Ceo) $92,280 $0 $4,714
Lisa Wertz (Vp Lending) $59,014 $0 $3,502
Terrance J Mc Cann (Chairman) $539 $0 $0
Robert Llorca (Secretary) $360 $0 $0
Henry Clement (Director) $120 $0 $0
Thomas Michels (Vice Chairman) $49 $0 $0
Arthur Gurholt (Treasurer) $0 $0 $0
Bobby Beamon (Director) $0 $0 $0
Evlynne Owens (Director) $0 $0 $0
Karen Kerr (Director) $0 $0 $0
Thomas Braunreiter (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$676,732
Expenses
$642,515
Net Income
$34,217
Net Assets
$3,213,096
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $481,101
71.1%
Investment Income $184,124
27.2%
Bond Proceeds $0
Royalties $11,507
1.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $138,702
21.6%
Professional Fundraising Fees $0
Other Salaries and Wages $103,652
16.1%
Assets/Debt
Total Assets $22,748,597
Total Liabilities $19,535,501
Net Assets $3,213,096
Compensation
Key Employees and Officers Compensation Related Other
Amy Jacobson (President Ceo) $79,949 $0 $4,735
Lisa Wertz (Vp Lending) $57,685 $0 $3,448
Terrance J Mc Cann (Chairman) $588 $0 $0
Robert Llorca (Secretary) $440 $0 $0
Henry Clement (Director) $40 $0 $0
Thomas Michels (Vice Chairman) $0 $0 $0
Arthur Gurholt (Treasurer) $0 $0 $0
Bobby Beamon (Director) $0 $0 $0
Evlynne Owens (Director) $0 $0 $0
Karen Kerr (Director) $0 $0 $0
Thomas Braunreiter (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$639,992
Expenses
$627,418
Net Income
$12,574
Net Assets
$3,178,879
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $476,687
74.5%
Investment Income $151,250
23.6%
Bond Proceeds $0
Royalties $12,055
1.9%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $128,379
20.5%
Professional Fundraising Fees $0
Other Salaries and Wages $104,129
16.6%
Assets/Debt
Total Assets $21,478,654
Total Liabilities $18,299,775
Net Assets $3,178,879
Compensation
Key Employees and Officers Compensation Related Other
Amy Jacobson (President Ceo) $70,126 $0 $4,224
Lisa Wertz (Vp Lending) $57,185 $0 $3,488
Terrance J Mc Cann (Chairman) $490 $0 $0
Robert Llorca (Secretary) $440 $0 $0
Thomas Michels (Vice Chairman) $98 $0 $0
Henry Clement (Director) $40 $0 $0
Arthur Gurholt (Treasurer) $0 $0 $0
Bobby Beamon (Director) $0 $0 $0
Evlynne Owens (Director) $0 $0 $0
Karen Kerr (Director) $0 $0 $0
Thomas Braunreiter (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 11, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$624,947
Expenses
$614,528
Net Income
$10,419
Net Assets
$3,166,305
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $468,000
74.9%
Investment Income $145,240
23.2%
Bond Proceeds $0
Royalties $11,707
1.9%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $124,467
20.3%
Professional Fundraising Fees $0
Other Salaries and Wages $101,113
16.5%
Assets/Debt
Total Assets $21,486,836
Total Liabilities $18,320,531
Net Assets $3,166,305
Compensation
Key Employees and Officers Compensation Related Other
Amy Jacobson (President Ceo) $68,300 $0 $4,133
Lisa Wertz (Vp Lending) $55,099 $0 $3,384
Terrance J Mc Cann (Chairman) $588 $0 $0
Robert Llorca (Secretary April 2015 Dec 201) $360 $0 $0
Mary Herrmann (Secretary April 2014 April 2) $80 $0 $0
Mary Jane Daniels (Director) $40 $0 $0
Thomas Michels (Vice Chairman) $0 $0 $0
Arthur Gurholt (Treasurer) $0 $0 $0
Bobby Beamon (Director) $0 $0 $0
Evlynne Owens (Director) $0 $0 $0
Karen Kerr (Director) $0 $0 $0
Henry Clement (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 12, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$603,614
Expenses
$599,381
Net Income
$4,233
Net Assets
$3,155,886
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $468,248
77.6%
Investment Income $125,709
20.8%
Bond Proceeds $0
Royalties $9,657
1.6%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $125,228
20.9%
Professional Fundraising Fees $0
Other Salaries and Wages $97,637
16.3%
Assets/Debt
Total Assets $20,048,682
Total Liabilities $16,892,796
Net Assets $3,155,886
Compensation
Key Employees and Officers Compensation Related Other
Amy Jacobson (President Ceo) $68,300 $0 $3,996
Lisa Cochrane (Vp Lending) $55,860 $0 $3,333
Terrance J Mc Cann (Chairman) $539 $0 $0
Mary Herrmann (Secretary) $400 $0 $0
Robert Llorca (Director) $80 $0 $0
Thomas Michels (Vice Chairman) $49 $0 $0
Arthur Gurholt (Treasurer) $0 $0 $0
Bobby Beamon (Director) $0 $0 $0
Evlynne Owens (Director) $0 $0 $0
Mary Jane Daniels (Director) $0 $0 $0
Karen Kerr (Director) $0 $0 $0
+ View more people

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990
Filed on Oct. 30, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$585,454
Expenses
$576,420
Net Income
$9,034
Net Assets
$3,151,653
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $459,138
78.4%
Investment Income $118,053
20.2%
Bond Proceeds $0
Royalties $8,263
1.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $124,828
21.7%
Professional Fundraising Fees $0
Other Salaries and Wages $101,637
17.6%
Assets/Debt
Total Assets $20,630,182
Total Liabilities $17,478,529
Net Assets $3,151,653
Compensation
Key Employees and Officers Compensation Related Other
Amy Jacobson (President Ceo) $68,100 $0 $3,577
Lisa Cochrane (Vp Lending) $55,660 $0 $3,308
Terrance J Mc Cann (Chairman) $539 $0 $0
Mary Herrmann (Secretary) $440 $0 $0
Thomas Michels (Vice Chairman) $49 $0 $0
Mary Jane Daniels (Director) $40 $0 $0
Arthur Gurholt (Treasurer) $0 $0 $0
Bobby Beamon (Director) $0 $0 $0
Robert Llorca (Director) $0 $0 $0
Evlynne Owens (Director) $0 $0 $0
Karen Kerr (Director) $0 $0 $0
+ View more people

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990
Filed on Nov. 13, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$592,570
Expenses
$585,429
Net Income
$7,141
Net Assets
$3,142,619
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $461,842
77.9%
Investment Income $118,757
20.0%
Bond Proceeds $0
Royalties $11,971
2.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $123,453
21.1%
Professional Fundraising Fees $0
Other Salaries and Wages $110,111
18.8%
Assets/Debt
Total Assets $17,687,957
Total Liabilities $14,545,338
Net Assets $3,142,619

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$591,725
Expenses
$586,391
Net Income
$5,334
Net Assets
$3,135,478
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $441,358
74.6%
Investment Income $136,970
23.1%
Bond Proceeds $0
Royalties $13,397
2.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $119,228
20.3%
Professional Fundraising Fees $0
Other Salaries and Wages $114,696
19.6%
Assets/Debt
Total Assets $17,550,873
Total Liabilities $14,415,395
Net Assets $3,135,478

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated