Vue Community Credit Union
- Assets
- $89.1m
- Revenue
- $3.1m
- Investments
- $23.6m
- Employees
- 19
- Location
- Bismarck, ND
- Founding
- 02/1978
- Data as of
- 12/2021
- EIN
- 23-7125198
Organization Overview
Vue Community Credit Union is located in Bismarck, ND. The organization was established in 1978. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Vue Community Credit Union employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vue Community Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Vue Community Credit Union generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VUE COMMUNITY CREDIT UNION IS A BISMARCK-BASED CREDIT UNION WITH WORLD-CLASS SERVICE OFFERINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFITS PAID TO OR FOR THE MORE THAN 3,500 MEMBERS OF THE ORGANIZATION, INCLUDING DIVIDENDS AND INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Delap President | Officer | 40 | $89,327 |
Shari Schmit VP Of Operations | Officer | 40 | $84,388 |
Dan Durkee Chairman | OfficerTrustee | 1 | $0 |
Melanie Beauchamp Treasurer | OfficerTrustee | 1 | $0 |
Brian Seehafer Vice Chairman | OfficerTrustee | 1 | $0 |
Andrea Kilzer Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,789,225 |
| Investment income | $162,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $192,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,143,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,136 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $219,538 |
| Compensation of current officers, directors, key employees. | $222,413 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $617,654 |
| Pension plan accruals and contributions | $25,168 |
| Other employee benefits | $90,273 |
| Payroll taxes | $58,179 |
| Fees for services: Management | $28,266 |
| Fees for services: Legal | $1,163 |
| Fees for services: Accounting | $131,613 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $116,746 |
| Office expenses | $143,486 |
| Information technology | $1,995 |
| Royalties | $0 |
| Occupancy | $104,432 |
| Travel | $3,109 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,719 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,222 |
| Insurance | $21,999 |
| All other expenses | $50,826 |
| Total functional expenses | $2,211,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,585,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $47,221,567 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $80,601 |
| Net Land, buildings, and equipment | $1,386,185 |
| Investments—publicly traded securities | $83,900 |
| Investments—other securities | $23,551,531 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $177,750 |
| Total assets | $89,086,872 |
| Accounts payable and accrued expenses | $107,687 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $323,368 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $80,488,726 |
| Total liabilities | $80,919,781 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $761,657 |
| Retained earnings, endowment, accumulated income, or other funds | $7,405,434 |
| Total liabilities and net assets/fund balances | $89,086,872 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southpoint Financial Credit Union Sleepy Eye, MN | $509,297,128 | $21,366,397 |
Valley Financial Credit Union Billings, MT | $409,425,878 | $18,570,812 |
North Star Community Credit Union Maddock, ND | $392,799,949 | $17,250,607 |
First Alliance Credit Union Stewartville, MN | $266,858,268 | $15,921,045 |
My Credit Union Bloomington, MN | $393,544,128 | $17,620,611 |
Western Cooperative Credit Union Williston, ND | $421,229,193 | $14,078,425 |
Minnco Credit Union Cambridge, MN | $474,930,178 | $17,267,094 |
Co-Op Credit Union Of Montevideo Montevideo, MN | $328,823,847 | $13,808,277 |
Anoka Hennepin Credit Union Coon Rapids, MN | $278,464,977 | $10,634,973 |
Northwoods Credit Union Cloquet, MN | $158,800,321 | $10,013,963 |
Dakota West Credit Union Watford City, ND | $299,186,425 | $10,075,740 |
Financial One Credit Union Columbia Heights, MN | $196,661,798 | $11,270,296 |