The Hub-Co Credit Union
- Assets
- $22.8m
- Revenue
- $617.5k
- Investments
- $35.0k
- Employees
- 5
- Location
- Keokuk, IA
- Founding
- Data as of
- 12/2021
- EIN
- 42-6060491
Organization Overview
The Hub-Co Credit Union is located in Keokuk, IA. As of 12/2021, Hub-Co Credit Union employed 5 individuals. Hub-Co 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, Hub-Co Credit Union generated $617.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $516.1k during the year ending 12/2021. 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
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE CHARTED CREDIT UNION
STATE CHARTERED CREDIT UNION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Bazow Vice Chair | Officer | $0 | |
Roger Bryant Chair | Officer | $0 | |
Ted Elting Board Member | Officer | $0 | |
Mike Glasscock Board Member | Officer | $0 | |
John Mickelson CFO | Officer | $0 | |
Angela Glover Audit Commit | Officer | $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 | $487,872 |
| Investment income | $124,732 |
| 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 | $617,476 |
| 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 | $163,223 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,950 |
| Payroll taxes | $8,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $24,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,399 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,487 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,874 |
| Insurance | $18,448 |
| All other expenses | $4,736 |
| Total functional expenses | $516,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,490 |
| Savings and temporary cash investments | $14,756,942 |
| 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 | $7,409,213 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,099 |
| Net Land, buildings, and equipment | $91,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,036 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $239,499 |
| Total assets | $22,783,203 |
| Accounts payable and accrued expenses | $56,764 |
| 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 | $20,644,918 |
| Total liabilities | $20,701,682 |
| 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 | $654,013 |
| Retained earnings, endowment, accumulated income, or other funds | $1,427,508 |
| Total liabilities and net assets/fund balances | $22,783,203 |
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