Kaskaskia Valley Community Credit Union
- Assets
- $26.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Centralia, IL
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 37-1110196
Organization Overview
Kaskaskia Valley Community Credit Union is located in Centralia, IL. The organization was established in 2001. 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 12/2022, Kaskaskia Valley Community Credit Union employed 16 individuals. This organization is the central organization for a national or regional group of organizations. Kaskaskia Valley 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 12/2022, Kaskaskia Valley Community Credit Union generated $1.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 3 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
2022
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
PROVIDE CONSUMER LOANS TO 1976 MEMBERS
PROVIDE DEPOSITS ON SAVINGS TO 4317 MEMBERS
PROVIDE SHARE DRAFT SERVICES FOR 1732 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly G Hocking Treasurer | OfficerTrustee | 55 | $88,622 |
Vincent Barciszewski Board Member | Trustee | 0.5 | $0 |
John White Board Member | Trustee | 0.5 | $0 |
Jamie Gordon Board Member | Trustee | 0.5 | $0 |
David Kassner Board Member | Trustee | 0.5 | $0 |
Gary L Robinson Chairman | OfficerTrustee | 0.5 | $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 | $1,326,430 |
| Investment income | $117,124 |
| 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 | $1,443,554 |
| 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. | $88,622 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $300,849 |
| Pension plan accruals and contributions | $5,419 |
| Other employee benefits | $41,578 |
| Payroll taxes | $37,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,671 |
| Office expenses | $150,910 |
| Information technology | $15,145 |
| Royalties | $0 |
| Occupancy | $103,643 |
| Travel | $4,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,291 |
| Insurance | $28,428 |
| All other expenses | $43,781 |
| Total functional expenses | $1,317,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $892,124 |
| Savings and temporary cash investments | $9,718,568 |
| 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 | $14,589,079 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,087 |
| Net Land, buildings, and equipment | $1,039,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,729 |
| Total assets | $26,591,285 |
| Accounts payable and accrued expenses | $103,856 |
| 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 | $24,370,082 |
| Total liabilities | $24,473,938 |
| 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 | $2,117,347 |
| Total liabilities and net assets/fund balances | $26,591,285 |