Blaw Knox Credit Union
- Assets
- $13.4m
- Revenue
- $527.3k
- Investments
- $5.0m
- Employees
- 5
- Location
- Mattoon, IL
- Founding
- 06/1957
- Data as of
- 12/2021
- EIN
- 37-0767426
Organization Overview
Blaw Knox Credit Union is located in Mattoon, IL. The organization was established in 1957. 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, Blaw Knox Credit Union employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blaw Knox 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, Blaw Knox Credit Union generated $527.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $416.8k during the year ending 12/2021. 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
TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CONSUMER LOANS TO 395 MEMBERS
RECEIVED SAVINGS FROM 2,005 MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Cizek Treasurer/manager | OfficerTrustee | 45 | $67,619 |
Dennis Camfield President | OfficerTrustee | 2 | $0 |
William Landrus Vice President | OfficerTrustee | 2 | $0 |
Brenda Herman Secretary | OfficerTrustee | 2 | $0 |
Marvin Brannon Supervisory Committee Chair | Trustee | 2 | $0 |
John Mcmillian Board Member | 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 | $461,502 |
| Investment income | $65,802 |
| 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 | $527,304 |
| 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. | $67,619 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,978 |
| Pension plan accruals and contributions | $6,436 |
| Other employee benefits | $2,074 |
| Payroll taxes | $17,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,756 |
| Office expenses | $18,807 |
| Information technology | $22,220 |
| Royalties | $0 |
| Occupancy | $16,098 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,767 |
| Insurance | $9,509 |
| All other expenses | $14,527 |
| Total functional expenses | $416,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $662,189 |
| Savings and temporary cash investments | $1,148,000 |
| 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 | $6,334,551 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,821 |
| Net Land, buildings, and equipment | $241,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,978,773 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,391,002 |
| Accounts payable and accrued expenses | $47,331 |
| 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 | $11,196,094 |
| Total liabilities | $11,243,425 |
| 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 | $2,147,577 |
| Total liabilities and net assets/fund balances | $13,391,002 |
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