Infuze Credit Union
- Assets
- $353.6m
- Revenue
- $25.0m
- Investments
- $2.6m
- Employees
- 150
- Location
- Waynesville, MO
- Founding
- Data as of
- 12/2023
- EIN
- 43-0707914
Organization Overview
Infuze Credit Union is located in Waynesville, MO. As of 12/2023, Infuze Credit Union employed 150 individuals. Infuze 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, Infuze Credit Union generated $25.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $20.4m during the year ending 12/2023. While expenses have increased by 8.9% 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
TO BUILD STRONG FINANCIAL LIVES TOGETHER THROUGH EDUCATION, INNOVATION, MEMBER SERVICE, AND COMMUNITY INVOLVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 32,034 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, LOANS OUTSTANDING TOTALED $289,758,548.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,641,772 FOR THE YEAR.
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 |
|---|---|---|---|
Janice Hartinger Chairperson | Trustee | 1 | $0 |
Derinda Derr Vice Chairperson | Trustee | 1 | $0 |
Gregory Adank Treasurer | Trustee | 1 | $0 |
Pamela Welch Secretary | Trustee | 1 | $0 |
Paula Dye Board Member | Trustee | 1 | $0 |
Rosalind Pride Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Federal Construction Inc Construction Services | 12/30/17 | $4,327,146 |
Federal Protection Inc Surveillance & Fire Monitoring | 12/30/17 | $752,847 |
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 | $24,265,005 |
| Investment income | $721,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $51,188 |
| 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 | $25,037,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,300,064 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,870,926 |
| Pension plan accruals and contributions | $150,090 |
| Other employee benefits | $668,752 |
| Payroll taxes | $431,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $202,503 |
| Fees for services: Accounting | $51,804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $679,094 |
| Office expenses | $543,346 |
| Information technology | $1,395,337 |
| Royalties | $0 |
| Occupancy | $463,689 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $241,994 |
| Interest | $273,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $821,683 |
| Insurance | $131,695 |
| All other expenses | $779,681 |
| Total functional expenses | $20,436,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,242,105 |
| Savings and temporary cash investments | $23,018,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,704 |
| Loans from Officers, Directors, or Controlling Persons | $4,446,520 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $286,795,237 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $639,426 |
| Net Land, buildings, and equipment | $14,629,576 |
| Investments—publicly traded securities | $6,550,371 |
| Investments—other securities | $2,559,805 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,678,471 |
| Total assets | $353,622,637 |
| Accounts payable and accrued expenses | $2,762,894 |
| 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 | $10,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $307,386,246 |
| Total liabilities | $320,149,140 |
| 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 | $33,473,497 |
| Total liabilities and net assets/fund balances | $353,622,637 |