Kah Credit Union
- Assets
- $1.7m
- Revenue
- $39.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Keokuk, IA
- Founding
- Data as of
- 12/2021
- EIN
- 42-6077673
Organization Overview
Kah Credit Union is located in Keokuk, IA. As of 12/2021, Kah Credit Union employed 2 individuals. Kah 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, Kah Credit Union generated $39.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $42.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF KAH CREDIT UNION IS TO PROVIDE A LIMITED RANGE OF FINANCIAL SERVICES TO ITS MEMBERS, MOST OF WHOM ARE EMPLOYEES OR FORMER EMPLOYEES OF KEOKUK AREA HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KAH CREDIT UNION PROVIDES SHARE ACCOUNTS AND CONSUMER LOANS FOR ITS MEMBERS. IN 2021, THERE WERE 431 MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Vickers Credit Union Manager | Officer | 20 | $15,782 |
Wayne Shuman Chairman Of The Board | OfficerTrustee | 0.5 | $0 |
Barb Moylan Vice Chair | OfficerTrustee | 0.5 | $0 |
Linda Atterberg Secretary | OfficerTrustee | 0.5 | $0 |
Lisa Hayes CFO | OfficerTrustee | 0.5 | $0 |
Ed West Director | Trustee | 0.5 | $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 | $31,898 |
| Investment income | $6,852 |
| 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 | $39,556 |
| 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. | $15,782 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,191 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,246 |
| Information technology | $4,068 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50 |
| Interest | $2,586 |
| Payments to affiliates | $310 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,253 |
| All other expenses | $0 |
| Total functional expenses | $42,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,927 |
| Savings and temporary cash investments | $875,645 |
| 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 | $449,541 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,263 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $50,000 |
| Intangible assets | $0 |
| Other assets | $25,837 |
| Total assets | $1,664,213 |
| Accounts payable and accrued expenses | $2,464 |
| 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 | $1,142,489 |
| Total liabilities | $1,144,953 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $100,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $419,260 |
| Total liabilities and net assets/fund balances | $1,664,213 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kah Credit Union has recieved totaling $8,355.
| Awarding Organization | Amount |
|---|---|
Keokuk Area Hospital Keokuk, IA PURPOSE: PATIENT CONVIENENCE | $8,355 |
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