Dutrac Community Credit Union is located in Dubuque, IA. The organization was established in 2007. 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 12/2021, Dutrac Community Credit Union employed 201 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dutrac 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, Dutrac Community Credit Union generated $36.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $27.9m during the year ending 12/2021. While expenses have increased by 3.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THRIFT AMONG CREDIT UNION MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTING AFFORDABLE LOANS, PROMOTING SAVINGS AND THRIFT AMONG 48839 MEMBERS.
SEE 4A
SEE 4A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Hawkinson President/ceo | Officer | 45 | $446,848 |
Julie Soucinek Mortgage Loan Manager | Officer | 45 | $230,200 |
Jason Norton SVP - Marketing | Officer | 45 | $171,440 |
Ronald Kinsella Senior VP Lending | Officer | 45 | $155,271 |
Andrew Lassen SVP - It | Officer | 45 | $140,432 |
Michelle A Ariss SVP Finance | Officer | 45 | $135,078 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Russell Construction Co Inc Construction | 12/30/21 | $2,127,356 |
Fiserv Computer Technology | 12/30/21 | $1,635,565 |
Town Square Media Advertising | 12/30/21 | $358,813 |
Centurylink Communications | 12/30/21 | $292,465 |
Managed Solutions Group Computer Repair Service | 12/30/21 | $262,536 |
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 | $33,968,058 |
Investment income | $1,608,788 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $32,401 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $36,287,980 |
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. | $1,984,576 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,837,846 |
Pension plan accruals and contributions | $331,616 |
Other employee benefits | $1,340,258 |
Payroll taxes | $594,582 |
Fees for services: Management | $77,542 |
Fees for services: Legal | $74,877 |
Fees for services: Accounting | $60,757 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,167,686 |
Advertising and promotion | $1,599,859 |
Office expenses | $4,030,468 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,905,773 |
Travel | $112,115 |
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 | $54,066 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $27,866,309 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $16,746,074 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,058,063 |
Loans from Officers, Directors, or Controlling Persons | $3,101,924 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $674,612,901 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,956,428 |
Net Land, buildings, and equipment | $13,912,654 |
Investments—publicly traded securities | $249,448,970 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $18,686,737 |
Total assets | $980,523,751 |
Accounts payable and accrued expenses | $4,645,389 |
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 | $860,801,236 |
Total liabilities | $865,446,625 |
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 | $52,406,772 |
Retained earnings, endowment, accumulated income, or other funds | $62,670,354 |
Total liabilities and net assets/fund balances | $980,523,751 |
Over the last fiscal year, we have identified 1 grants that Dutrac Community Credit Union has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
National Credit Union Foundation Inc Madison, WI PURPOSE: FINANCIAL EDUCATION GRANT | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Consumers Cooperative Credit Union Gurnee, IL | $2,946,745,312 | $132,618,570 |
Ih Mississippi Valley Credit Union Moline, IL | $1,832,277,197 | $105,810,576 |
Scott Credit Union Edwardsville, IL | $1,647,347,103 | $74,654,217 |
Deere Employees Credit Union Moline, IL | $1,799,657,083 | $82,112,773 |
Magnifi Financial Credit Union Melrose, MN | $1,639,292,297 | $78,975,601 |
Credit Union 1 Rantoul, IL | $1,226,789,437 | $72,991,911 |
Vibrant Credit Union Moline, IL | $1,061,532,656 | $50,336,419 |
Members Cooperative Credit Union Duluth, MN | $1,064,400,556 | $45,708,037 |
Andigo Credit Union Schaumburg, IL | $850,101,906 | $43,497,190 |
Ideal Credit Union Woodbury, MN | $932,167,158 | $42,764,424 |
1st Midamerica Credit Union Bethalto, IL | $860,013,719 | $45,661,014 |
Great Lakes Credit Union Bannockburn, IL | $1,045,676,236 | $50,981,092 |