Town And Country Credit Union is located in Harlan, IA. As of 12/2023, Town And Country Credit Union employed 19 individuals. Town And Country 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 12/2023, Town And Country Credit Union generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 14.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Hastert Board Member | Trustee | 1 | $0 |
Judy Knudson Board Member | Trustee | 1 | $0 |
Cindy North Board Member | Trustee | 1 | $0 |
Lonnie Pitts Board Member | Trustee | 1 | $0 |
Traci Schmitz Board Member | Trustee | 1 | $0 |
Bob Seivert Board Member | Trustee | 1 | $0 |
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 | $2,272,816 |
Investment income | $221,509 |
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 | $2,494,325 |
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 | $642,706 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $232,681 |
Payroll taxes | $50,939 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,007 |
Fees for services: Accounting | $13,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $28,779 |
Office expenses | $258,158 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $81,757 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,496 |
Interest | $68,762 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $86,017 |
Insurance | $22,545 |
All other expenses | $107,301 |
Total functional expenses | $3,069,532 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $876,139 |
Savings and temporary cash investments | $3,358,164 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $735 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $28,993,063 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $15,788 |
Net Land, buildings, and equipment | $726,789 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $532,055 |
Total assets | $34,502,733 |
Accounts payable and accrued expenses | $715,971 |
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 | $31,171,474 |
Total liabilities | $31,887,445 |
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 | $1,098,443 |
Retained earnings, endowment, accumulated income, or other funds | $1,516,845 |
Total liabilities and net assets/fund balances | $34,502,733 |