Together Credit Union
- Assets
- $2.4b
- Revenue
- $135.5m
- Investments
- $0.0
- Employees
- 520
- Location
- Saint Louis, MO
- Founding
- Data as of
- 12/2023
- EIN
- 43-0160998
Organization Overview
Together Credit Union is located in Saint Louis, MO. As of 12/2023, Together Credit Union employed 520 individuals. Together 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 12/2023, Together Credit Union generated $135.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $129.6m during the year ending 12/2023. While expenses have increased by 7.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALL ACTIVITIES PERTAIN TO A STATE CHARTERED CREDIT UNION THAT PROVIDES DEPOSIT AND LENDING SERVICES TO ITS MEMBERSHIP WHICH APPROXIMATES 141,000
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOANS TO MEMBERS
SERVICE FEES
INVESTMENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Mckay President/ceo | Officer | 40 | $887,699 |
M Dougherty Clo | Officer | 40 | $332,739 |
C Trunko Cpo | Officer | 40 | $375,795 |
D Wyatt Cio | Officer | 40 | $374,032 |
T Kraus COO | Officer | 40 | $339,277 |
R Kampwerth CFO | Officer | 40 | $259,877 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pscu Card Processing | 12/30/23 | $6,200,185 |
Visa Card Services Provider | 12/30/23 | $1,928,239 |
Rsm It Consulting | 12/30/23 | $1,920,888 |
Ncr Corporation Online And Mobile Banking Service | 12/30/23 | $1,847,529 |
L Keeley Construction Co Branch Construction | 12/30/23 | $1,455,285 |
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 | $122,481,021 |
| Investment income | $13,058,329 |
| 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 | $135,539,350 |
| 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. | $7,843,899 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,684,777 |
| Pension plan accruals and contributions | $1,948,012 |
| Other employee benefits | $9,209,378 |
| Payroll taxes | $2,217,447 |
| Fees for services: Management | $434,869 |
| Fees for services: Legal | $291,953 |
| Fees for services: Accounting | $343,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,950,929 |
| Office expenses | $8,348,768 |
| Information technology | $7,297,604 |
| Royalties | $0 |
| Occupancy | $2,685,505 |
| Travel | $407,798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $407,798 |
| Interest | $33,385,678 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,166,845 |
| Insurance | $412,581 |
| All other expenses | $0 |
| Total functional expenses | $129,554,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,652,166 |
| Savings and temporary cash investments | $59,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,873,650 |
| Loans from Officers, Directors, or Controlling Persons | $5,922,312 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,919,144,988 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,569,306 |
| Net Land, buildings, and equipment | $49,489,200 |
| Investments—publicly traded securities | $365,384,990 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,793,588 |
| Total assets | $2,417,889,259 |
| Accounts payable and accrued expenses | $25,204,326 |
| Grants payable | $0 |
| Deferred revenue | $950,156 |
| 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 | $190,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,000,367,598 |
| Total liabilities | $2,216,522,080 |
| 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 | $201,367,179 |
| Total liabilities and net assets/fund balances | $2,417,889,259 |