Vue Community Credit Union
- Assets
- $95.9m
- Revenue
- $4.1m
- Investments
- $27.3m
- Employees
- 21
- Location
- Bismarck, ND
- Founding
- 02/1978
- Data as of
- 12/2023
- 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 12/2023, Vue Community Credit Union employed 21 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 12/2023, Vue Community Credit Union generated $4.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 9 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
2023
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 |
|---|---|---|---|
Dan Durkee Chairman | OfficerTrustee | 1 | $0 |
Paul Silbernagel Vice Chairman | OfficerTrustee | 1 | $0 |
Melanie Beauchamp Treasurer | OfficerTrustee | 1 | $0 |
Andrea Kilzer Secretary | OfficerTrustee | 1 | $0 |
Kathy Morgan Director (jan-Feb) | Trustee | 1 | $0 |
Bill Willis Director | Trustee | 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 | $3,461,132 |
| Investment income | $676,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $480 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,137,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,678 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $907,474 |
| Compensation of current officers, directors, key employees. | $279,485 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $706,477 |
| Pension plan accruals and contributions | $28,294 |
| Other employee benefits | $127,760 |
| Payroll taxes | $69,085 |
| Fees for services: Management | $52,756 |
| Fees for services: Legal | $3,426 |
| Fees for services: Accounting | $173,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $123,411 |
| Office expenses | $193,135 |
| Information technology | $5,542 |
| Royalties | $0 |
| Occupancy | $246,809 |
| Travel | $10,758 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,096 |
| Interest | $333,879 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,063 |
| Insurance | $26,257 |
| All other expenses | $53,217 |
| Total functional expenses | $3,822,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,795,426 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $62,137,135 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $95,766 |
| Net Land, buildings, and equipment | $4,209,530 |
| Investments—publicly traded securities | $53,500 |
| Investments—other securities | $27,334,283 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $321,720 |
| Total assets | $95,947,363 |
| Accounts payable and accrued expenses | $135,153 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $337,967 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,663,359 |
| Total liabilities | $86,636,479 |
| 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 | $8,549,227 |
| Total liabilities and net assets/fund balances | $95,947,363 |