United Community Credit Union
- Assets
- $117.6m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 62
- Location
- Quincy, IL
- Founding
- 03/1942
- Data as of
- 12/2023
- EIN
- 37-0287741
Organization Overview
United Community Credit Union is located in Quincy, IL. The organization was established in 1942. 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, United Community Credit Union employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United 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, United Community Credit Union generated $6.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. While expenses have increased by 7.6% 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
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBER/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANACIAL STRENGTH OF THE CREDIT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OF 12/31/23, THERE ARE 10,079 MEMBERS WITH 18,084 SHARE ACCOUNTS, 715 CERTIFICATES OF DEPOSIT, 3,721 CONSUMER LOANS, 446 FIRST MORTGAGE AND HOME EQUITY LOANS, AND 1,491 VISA CREDIT CARD LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Distin President | OfficerTrustee | 40 | $127,022 |
Crayton Achelpohl Treasurer | OfficerTrustee | $0 | |
Andy Doellman Chairman | OfficerTrustee | $0 | |
Bob Garkie Director | Trustee | $0 | |
Ryan Humphreys Secretary | OfficerTrustee | $0 | |
Michelle Miller Director | Trustee | $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 | $5,493,240 |
| Investment income | $818,417 |
| 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 | $6,311,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,736,788 |
| Pension plan accruals and contributions | $106,427 |
| Other employee benefits | $270,766 |
| Payroll taxes | $130,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,408 |
| Fees for services: Accounting | $32,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $401,627 |
| Advertising and promotion | $132,383 |
| Office expenses | $112,662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $434,644 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,159 |
| Interest | $1,332 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,086 |
| Insurance | $68,522 |
| All other expenses | $75,782 |
| Total functional expenses | $5,211,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $667,453 |
| Savings and temporary cash investments | $33,736,394 |
| 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 | $79,555,920 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $311,579 |
| Net Land, buildings, and equipment | $2,041,268 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,282,960 |
| Total assets | $117,595,574 |
| Accounts payable and accrued expenses | $332,519 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $99,810,455 |
| Total liabilities | $100,142,974 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $17,452,600 |
| Total liabilities and net assets/fund balances | $117,595,574 |