Collegeville Community Credit Union
- Assets
- $10.6m
- Revenue
- $490.3k
- Investments
- $995.9k
- Employees
- 15
- Location
- Collegeville, MN
- Founding
- Data as of
- 12/2016
- EIN
- 41-0198527
Organization Overview
Collegeville Community Credit Union is located in Collegeville, MN. As of 12/2016, Collegeville Community Credit Union employed 15 individuals. Collegeville 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 12/2016, Collegeville Community Credit Union generated $490.3k 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 (5.7%) each year. All expenses for the organization totaled $878.4k during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
A CREDIT UNION FOR EMPLOYEES & STUDENTS OF ST. JOHN'S UNIVERSITY AND THE COLLEFE OF ST. BENEDICT, MEMBERS OF ST. JOHN THE BABTIST PARISH IN COLLEGEFILLE, MN. MEMBERS OF ST. BENEDICT CATHOLIC PARISH IN AVON, MN, MEMBERS OF ST. JOSEPH'S CATHOLIC PARISH IN ST. JOSEPH, MN AND PERSON WHO LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN THE FOLLOWING TOWNS/TOWNSHIPS: ALBANY, AVON, ST. WENDEL, LE SAUK, COLLEGEVILLE, SARTELL, ST. JOSEPH, WADEFIELD, ROCKVILLE & ST AUGUSTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAKE IN MEMBER SAVINGS DEPOSITS. PAY DIVIDENDS TO MEMBERS BASED UPON PREVAILING MARKET RATES FOR MEMBER SAVINGS DEPOSITS AT THE CREDIT UNION. ALL MEMBER HAVE ACCESS TO ACCOUNT INFORMATION VIA ON-LINE (INTERNET) BANKING.
BORROW MONEYU TO MEMBERS FOR VARIOUS CONSUMER NEEDS AT COMPETITIVE RATES IN THE MARKET.
CONDUCT AN ANNUAL MEETING OF CREDIT UNION MEMBERS (REQUIRED BY STATE CHARTER) TO CONDUCT THE BUSINESS OF THE CREDIT UNION, REPORT ON THE STATUS OF THE CREDIT UNION OPERATIONS, AND ELECT OFFICERS, DIRECTORS & COMMITTEE MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denis Hynes Director | Trustee | $0 | |
Sandra Eiynck Director | Trustee | $0 | |
Paul Tomczik Director | Trustee | $0 | |
Ben Trnka Director | Trustee | $0 | |
Mike Percuocco Director | Trustee | $0 | |
Brad Opatz Chair-Board | Officer | $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 | $447,863 |
| Investment income | $42,441 |
| 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 | $490,304 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,181 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $182,067 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,735 |
| Office expenses | $111,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,988 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,153 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,020 |
| Insurance | $0 |
| All other expenses | $629 |
| Total functional expenses | $878,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,694,288 |
| Savings and temporary cash investments | $1,220,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $5,940,237 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,386 |
| Net Land, buildings, and equipment | $93,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $995,931 |
| Investments—program-related | $151,004 |
| Intangible assets | $0 |
| Other assets | $510,613 |
| Total assets | $10,619,608 |
| Accounts payable and accrued expenses | $15,817 |
| 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 | $9,837,978 |
| Total liabilities | $9,853,795 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $765,813 |