Bent River Community Credit Union
- Assets
- $19.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Davenport, IA
- Founding
- Data as of
- 12/2016
- EIN
- 42-0207895
Organization Overview
Bent River Community Credit Union is located in Davenport, IA. As of 12/2016, Bent River Community Credit Union employed 10 individuals. Bent River 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, Bent River Community Credit Union generated $1.1m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.0m 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
LOCAL FINANCIAL INSTITUTION DEDICATED TO SERVIVING THE FINANCIAL NEEDS OF OUR 1,650 MEMBERS WITHIN A LOCAL COMMUNITY WIDE CHARTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW COST RELIABLE FINANCIAL SERVICES TO ALL OF OUR 1,650 MEMBERS FROM SAVINGS PRODUCTS TO LENDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Brewer Vice Chairman | Trustee | 0 | $0 |
Tom Engelmann Chairman | OfficerTrustee | 2 | $485 |
Joe Van Camp III Director | OfficerTrustee | 1 | $0 |
Claire Broders Secretary | OfficerTrustee | 1 | $0 |
Don Lewis Director | Trustee | 1 | $0 |
Pat Crossen Director | 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 | $825,974 |
| Investment income | $95,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $195,488 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,116,857 |
| 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 | $92,047 |
| 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 | $367,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,035 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $99,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,269 |
| Office expenses | $86,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,451 |
| Travel | $8,926 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,004,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $939,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $73,112 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,885,955 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $573,302 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,815,877 |
| Intangible assets | $0 |
| Other assets | $405,033 |
| Total assets | $19,692,751 |
| Accounts payable and accrued expenses | $1,089,583 |
| 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 | $15,976,589 |
| Total liabilities | $17,066,172 |
| 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 | $1,000,690 |
| Total net assets or fund balances | $2,626,579 |