Infuze Credit Union
- Assets
- $305.8m
- Revenue
- $16.6m
- Investments
- $1.8m
- Employees
- 145
- Location
- Waynesville, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-0707914
Organization Overview
Infuze Credit Union is located in Waynesville, MO. As of 12/2021, Infuze Credit Union employed 145 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 12/2021, Infuze Credit Union generated $16.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $13.8m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 6 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
2021
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 28,722 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, LOANS OUTSTANDING TOTALED $221,921,216.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $1,045,384 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Smith President/ceo | Officer | 40 | $236,040 |
Tracey Smith Executive Vice President/coo | Officer | 40 | $163,809 |
Brandon Miller Chief Financial Officer | Officer | 40 | $155,783 |
Steve Boylan Chief Lending Officer | Officer | 40 | $153,739 |
Bryan Gentle Senior Vice President It & Security | Officer | 40 | $142,659 |
Janice Hartinger Chairperson | 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 | $16,290,351 |
| Investment income | $157,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $52,114 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,910 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,572,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $968,597 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,762,328 |
| Pension plan accruals and contributions | $117,147 |
| Other employee benefits | $448,535 |
| Payroll taxes | $328,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,030 |
| Fees for services: Accounting | $22,899 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $946,719 |
| Office expenses | $495,151 |
| Information technology | $1,063,777 |
| Royalties | $0 |
| Occupancy | $429,259 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,573 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $778,654 |
| Insurance | $76,061 |
| All other expenses | $115,570 |
| Total functional expenses | $13,759,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,543,743 |
| Savings and temporary cash investments | $36,792,897 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,750,358 |
| Loans from Officers, Directors, or Controlling Persons | $4,928,600 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $220,021,662 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $640,111 |
| Net Land, buildings, and equipment | $13,013,517 |
| Investments—publicly traded securities | $11,437,192 |
| Investments—other securities | $1,828,537 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,856,500 |
| Total assets | $305,813,117 |
| Accounts payable and accrued expenses | $953,095 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $24,903 |
| 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 | $279,244,810 |
| Total liabilities | $280,222,808 |
| 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 | $25,590,309 |
| Total liabilities and net assets/fund balances | $305,813,117 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Infuze Credit Union has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Defense Credit Union Council Inc Washington, DC PURPOSE: MIDWEST SUBCOUNCIL SPONSORSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-America Nazarene University Olathe, KS | $55,334,319 | $63,656,687 |
Adler University Chicago, IL | $54,030,129 | $55,024,940 |
Cornerstones Of Care Kansas City, MO | $33,252,192 | $62,036,711 |
Foodbank For The Heartland Omaha, NE | $18,090,007 | $45,859,600 |
Oneworld Community Health Centers Inc Omaha, NE | $55,753,804 | $50,338,832 |
Southlake Tri-City Management Corp Merrillville, IN | $41,327,791 | $57,011,175 |
Indiana Organ Procurement Organization Inc Indianapolis, IN | $65,218,746 | $57,064,127 |
Franklin College Of Indiana Franklin, IN | $160,839,660 | $64,884,316 |
Horizon Development Properties Inc Charlotte, NC | $420,836,852 | $43,904,469 |
Vivent Health Inc Milwaukee, WI | $84,987,861 | $66,654,563 |
Donald Danforth Plant Science Center Saint Louis, MO | $503,520,795 | $58,321,490 |
Wheaton Franciscan Healthcare - Southeast Wisconsin Inc St Louis, MO | $170,280,677 | $49,335,705 |