Siue Credit Union
- Assets
- $31.1m
- Revenue
- $913.3k
- Investments
- $22.3k
- Employees
- 6
- Location
- Edwardsville, IL
- Founding
- 02/1960
- Data as of
- 12/2021
- EIN
- 37-0814055
Organization Overview
Siue Credit Union is located in Edwardsville, IL. The organization was established in 1960. 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, Siue Credit Union employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Siue 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, Siue Credit Union generated $913.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $783.3k during the year ending 12/2021. While expenses have increased by 1.6% 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
CREDIT UNION PROVIDING LOW COST FINANCIAL SERVICES TO SELECT EMPLOYEE GROUPS AND THE LOCAL COMMUNITY FOR MUTUAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CONSUMER LOANS TO 700 MEMBERS
PROVIDED FIRST MORTGAGE LOANS TO 11 MEMBERS
RECEIVED DEPOSITS ON SAVINGS FROM 1800 MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Mckinnon President/ceo | Officer | 40 | $85,030 |
Suzanne Lohrum Vice-President/operations | Officer | 40 | $51,775 |
Maxine Callies Treasurer | Trustee | 0 | $0 |
Elizabeth Edwards Secretary | Trustee | 0 | $0 |
Robert Mcclellan Board Member | Trustee | 0 | $0 |
Anthony Langendorf Board Member | Trustee | 0 | $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 | $774,095 |
| Investment income | $139,180 |
| 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 | $913,275 |
| 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. | $85,030 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,050 |
| Pension plan accruals and contributions | $9,912 |
| Other employee benefits | $40,399 |
| Payroll taxes | $16,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,628 |
| Fees for services: Accounting | $11,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,819 |
| Advertising and promotion | $11,366 |
| Office expenses | $54,314 |
| Information technology | $140,587 |
| Royalties | $0 |
| Occupancy | $11,355 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53 |
| Payments to affiliates | $11,338 |
| Depreciation, depletion, and amortization | $23,477 |
| Insurance | $20,512 |
| All other expenses | $6,559 |
| Total functional expenses | $783,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,917 |
| Savings and temporary cash investments | $6,079,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,656,388 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,150 |
| Net Land, buildings, and equipment | $161,208 |
| Investments—publicly traded securities | $14,273,865 |
| Investments—other securities | $22,306 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $355,342 |
| Total assets | $31,060,459 |
| Accounts payable and accrued expenses | $56,035 |
| 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 | $28,781,372 |
| Total liabilities | $28,837,407 |
| 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 | $2,223,052 |
| Total liabilities and net assets/fund balances | $31,060,459 |
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