Des Moines County Postal Credit Union
- Assets
- $2.2m
- Revenue
- $89.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Burlington, IA
- Founding
- Data as of
- 12/2017
- EIN
- 42-0839587
Organization Overview
Des Moines County Postal Credit Union is located in Burlington, IA. Des Moines County Postal 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 12/2017, Des Moines County Postal Credit Union generated $89.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $89.8k during the year ending 12/2017. While expenses have increased by 3.1% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS A SOURCE OF CREDIT AT A FAIR VALUE AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMOUNG MEMBERS, AND PROVIDE AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEMBERS A SOURCE OF CREDIT AT A FAIR VALUE AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMOUNG MEMBERS, AND PROVIDE AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
TO PROVIDE MEMBERS A SOURCE OF CREDIT AT A FAIR VALUE AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMOUNG MEMBERS, AND PROVIDE AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
TO PROVIDE MEMBERS A SOURCE OF CREDIT AT A FAIR VALUE AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMOUNG MEMBERS, AND PROVIDE AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
TO PROVIDE MEMBERS A SOURCE OF CREDIT AT A FAIR VALUE AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMOUNG MEMBERS, AND PROVIDE AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hal B Geren Vice Chairpe | OfficerTrustee | $0 | |
Reva E Scully Secretary | OfficerTrustee | $0 | |
Beth Schnellbacher Chairperson | OfficerTrustee | $0 | |
Stephen C Hoschek Treasurer | OfficerTrustee | $0 | |
Jon W Little Board Member | Trustee | $0 | |
Shawn M Cushman Board Member | Trustee | $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 | $80,307 |
| Investment income | $8,711 |
| 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 | $89,018 |
| 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. | $43,488 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $2,580 |
| Other employee benefits | $0 |
| Payroll taxes | $3,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,910 |
| Advertising and promotion | $0 |
| Office expenses | $5,150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,850 |
| 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 | $1,231 |
| Insurance | $5,486 |
| All other expenses | $0 |
| Total functional expenses | $89,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,754 |
| Savings and temporary cash investments | $442,134 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,671,447 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,401 |
| Net Land, buildings, and equipment | $232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,535 |
| Total assets | $2,168,503 |
| Accounts payable and accrued expenses | $2,650 |
| 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 | $1,693,084 |
| Total liabilities | $1,695,734 |
| 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 | $472,769 |