Southeast Missouri Community Credit Union
- Assets
- $7.3m
- Revenue
- $441.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Park Hills, MO
- Founding
- Data as of
- 12/2023
- EIN
- 43-0689754
Organization Overview
Southeast Missouri Community Credit Union is located in Park Hills, MO. As of 12/2023, Southeast Missouri Community Credit Union employed 11 individuals. Southeast Missouri 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 12/2023, Southeast Missouri Community Credit Union generated $441.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $582.6k during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 9 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
SOUTHEAST MISSOURI COMMUNITY CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE DEDICATED TO SERVING OUR MEMBER OWNERS THROUGH: - PERSONALIZED MEMBER SERVICE - INNOVATIVE PRODUCTS & SERVICES - KNOWLEDGEABLE, SKILLED & EMPOWERED EMPLOYEES - FINANCIAL STRENGTH & STABILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 1,310 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 541 LOANS OUTSTANDING TOTALING $4,429,115.
PAID DIVIDENDS AND INTEREST ON MEMBER DEPOSITS TOTALING $79,841 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Wolk Chairman (past) | Trustee | 1 | $0 |
Stella Keen Vice Chairman/chairman (current) | Trustee | 1 | $0 |
Mark Dotson Vice Chairman (current) | Trustee | 1 | $0 |
Steve Forsythe Secretary | Trustee | 1 | $0 |
Donna Graham Director | Trustee | 1 | $7,383 |
Benji House Director | Trustee | 1 | $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 | $389,643 |
| Investment income | $50,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $749 |
| 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 | $441,145 |
| 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. | $26,632 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,783 |
| Payroll taxes | $11,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,051 |
| Advertising and promotion | $2,317 |
| Office expenses | $121,306 |
| Information technology | $5,836 |
| Royalties | $0 |
| Occupancy | $2,170 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,057 |
| Insurance | $9,191 |
| All other expenses | $16,095 |
| Total functional expenses | $582,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,942 |
| Savings and temporary cash investments | $2,504,973 |
| 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 | $4,342,220 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,703 |
| Net Land, buildings, and equipment | $32,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,007 |
| Total assets | $7,255,824 |
| Accounts payable and accrued expenses | $26,338 |
| 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 | $6,495,719 |
| Total liabilities | $6,522,057 |
| 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 | $733,767 |
| Total liabilities and net assets/fund balances | $7,255,824 |