Knoll Employees Credit Union

Organization Overview

Knoll Employees Credit Union is located in East Greenville, PA. As of 12/2021, Knoll Employees Credit Union employed 4 individuals. Knoll Employees 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, Knoll Employees Credit Union generated $148.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $152.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CREDIT UNION PROVIDING SAVINGS ACCOUNTS AND PERSONAL LOANS TO MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

ISSUED 49 NEW LOANS TOTALING $832,103 TO MEMBERS IN 2020. SAVINGS DEPOSITS TOTAL $6,354,779 AS OF 12/31/2020. MEMBERS CONTINUE TO UTILIZE THE SERVICES OFFERED BY THEIR CREDIT UNION. THE BOARD OF DIRECTORS AND MANAGEMENT ARE CONFIDENT IN OUR MISSION TO PROVIDE COMPETITIVE SAVINGS AND LOAN PROGRAMS TO THE MEMBERSHIP.


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Board, Officers & Key Employees

Name (title)Compensation
Karla Conrad
Office Administrator
$47,086
Marlene Grow
First Vice President
$0
Glenn Neiman
Treasurer
$0
Jeanne Schlicher
Asst Treasurer
$0
Suaznne Von Drach
Second Vice President
$0
Debra Shinn
President
$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$98,313
Investment income $50,416
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $148,729

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