Citizens Community Credit Union
- Assets
- $243.6m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 91
- Location
- Fort Dodge, IA
- Founding
- Data as of
- 12/2021
- EIN
- 42-0566171
Organization Overview
Citizens Community Credit Union is located in Fort Dodge, IA. As of 12/2021, Citizens Community Credit Union employed 91 individuals. Citizens 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 12/2021, Citizens Community Credit Union generated $12.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $10.6m during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 6 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
TO PROVIDE LOW COST FINANCIAL SERVICES TO OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES DEPOSIT SERVICES, LOANS, AND COMMUNITY SUPPORT. MEMBERS SERVED WAS APPROXIMATELY 14,974 DURING THE 2021 TAX YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Scott CEO | Officer | 40 | $215,305 |
Jennifer Crimmins Cfo,vp | Officer | 40 | $124,305 |
Linda Cline Secretary | OfficerTrustee | 1 | $0 |
Doug Utley President | OfficerTrustee | 1 | $0 |
Kelly Hindman Chairman | OfficerTrustee | 1 | $0 |
Tim Doyle Vice Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jensen Builders Construction/remodel | 12/30/20 | $1,063,198 |
Hilsabeck Schacht Stucco | 12/30/20 | $103,072 |
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 | $11,385,150 |
| Investment income | $172,265 |
| 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 | $12,549,482 |
| 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. | $410,805 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,813,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $764,930 |
| Payroll taxes | $229,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,185 |
| Fees for services: Accounting | $66,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,361 |
| Advertising and promotion | $194,773 |
| Office expenses | $318,573 |
| Information technology | $1,073,181 |
| Royalties | $0 |
| Occupancy | $463,160 |
| Travel | $28,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,000 |
| Interest | $1,024,379 |
| Payments to affiliates | $34,995 |
| Depreciation, depletion, and amortization | $229,651 |
| Insurance | $71,850 |
| All other expenses | $129,526 |
| Total functional expenses | $10,599,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,459,929 |
| Savings and temporary cash investments | $64,482,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,127 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $157,270,366 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $293,690 |
| Net Land, buildings, and equipment | $4,112,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,765,947 |
| Intangible assets | $0 |
| Other assets | $10,215,036 |
| Total assets | $243,602,484 |
| Accounts payable and accrued expenses | $2,718,124 |
| 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 | $206,029,354 |
| Total liabilities | $208,747,478 |
| 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 | $6,528,716 |
| Retained earnings, endowment, accumulated income, or other funds | $28,326,290 |
| Total liabilities and net assets/fund balances | $243,602,484 |
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