Casebine Community Credit Union
- Assets
- $31.4m
- Revenue
- $1.5m
- Investments
- $28.8k
- Employees
- 16
- Location
- Burlington, IA
- Founding
- Data as of
- 12/2020
- EIN
- 42-0953553
Organization Overview
Casebine Community Credit Union is located in Burlington, IA. As of 12/2020, Casebine Community Credit Union employed 16 individuals. Casebine 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 12/2020, Casebine Community Credit Union generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST,ENCOURAGE HABITS OF THRIFT AMONG THEIR MEMBERS, AND PROVIDE AN OPPORTUNITY FOR THEIR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST,ENCOURAGE HABITS OF THRIFT AMONG THEIR MEMBERS, AND PROVIDE AN OPPORTUNITY FOR THEIR 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Hild President | OfficerTrustee | 40 | $0 |
Debbie Wirt Vice Chairpe | OfficerTrustee | $0 | |
Daryl Wolff Chairperson | OfficerTrustee | $0 | |
Charlie Swink Audit Commit | OfficerTrustee | $0 | |
Dave Anderson Audit Commit | Trustee | $0 | |
Sharice Edwards 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 | $832,551 |
| Investment income | $247,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,113 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,541,129 |
| 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 | $91,699 |
| Other salaries and wages | $399,472 |
| Pension plan accruals and contributions | $43,457 |
| Other employee benefits | $20,413 |
| Payroll taxes | $42,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,233 |
| Fees for services: Accounting | $14,722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $355,734 |
| Advertising and promotion | $87,313 |
| Office expenses | $119,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,270 |
| Travel | $6,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $774 |
| Interest | $34,993 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,610 |
| Insurance | $0 |
| All other expenses | $9,301 |
| Total functional expenses | $1,418,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,449,489 |
| Savings and temporary cash investments | $9,860,809 |
| 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 | $16,372,931 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,404 |
| Net Land, buildings, and equipment | $900,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $28,849 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,710,302 |
| Total assets | $31,362,425 |
| Accounts payable and accrued expenses | $100,292 |
| 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 | $25,983,194 |
| Total liabilities | $26,083,486 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $5,278,939 |
| Total liabilities and net assets/fund balances | $31,362,425 |
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