Show Me Credit Union
- Assets
- $35.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Mexico, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-0766058
Organization Overview
Show Me Credit Union is located in Mexico, MO. As of 12/2021, Show ME Credit Union employed 9 individuals. Show ME 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, Show ME Credit Union generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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
SHOW ME CREDIT UNION IS A MEMBER-OWNED INSTITUTION THAT OFFERS COMPETITIVE FINANCIAL SERVICES FOR ITS MEMBERS WITH A COMMITMENT TOWARD THE BETTERMENT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 2,890 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 1,846 LOANS OUTSTANDING TOTALING $19,963,359.
PAID DIVIDENDS AND INTEREST ON MEMBER DEPOSITS TOTALING $57,552 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Groves President/ceo | Officer | 40 | $87,798 |
Lawrence Dubbert Chairman | Trustee | 1 | $0 |
Andrew Baker Vice Chairman | Trustee | 1 | $0 |
Marjorie Motley Secretary | Trustee | 1 | $0 |
Robert Cox Treasurer | Trustee | 1 | $0 |
Forrest Dale Cone Board Member | 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 | $1,360,660 |
| Investment income | $33,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,613 |
| 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 | $1,398,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,060 |
| Compensation of current officers, directors, key employees. | $102,930 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $306,306 |
| Pension plan accruals and contributions | $41,286 |
| Other employee benefits | $85,093 |
| Payroll taxes | $28,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $493 |
| Fees for services: Accounting | $12,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,632 |
| Advertising and promotion | $21,699 |
| Office expenses | $290,222 |
| Information technology | $15,709 |
| Royalties | $0 |
| Occupancy | $30,403 |
| Travel | $4,522 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $417 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,274 |
| Insurance | $28,873 |
| All other expenses | $13,950 |
| Total functional expenses | $1,236,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,064,177 |
| Savings and temporary cash investments | $13,572,999 |
| 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 | $19,909,147 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $69,084 |
| Net Land, buildings, and equipment | $403,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $423,127 |
| Total assets | $35,441,634 |
| Accounts payable and accrued expenses | $31,945 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $147,345 |
| 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 | $31,131,056 |
| Total liabilities | $31,310,346 |
| 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 | $4,131,288 |
| Total liabilities and net assets/fund balances | $35,441,634 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Show Me Credit Union has recieved totaling $7,100.
| Awarding Organization | Amount |
|---|---|
Heartland Credit Union Charitable Foundation Inc St Louis, MO PURPOSE: SMALL CREDIT UNION ASSISTANCE GRANT | $7,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Leavenworth-Jefferson Electric Cooperative Inc Topeka, KS | $0 | $20,178,550 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Senior Total Life Care Gastonia, NC | $7,534,285 | $22,491,131 |
Rush Care Inc Meridian, MS | $36,015,536 | $16,929,322 |
Parking Facilities Corporation New Orleans, LA | $111,215,099 | $14,747,604 |
Duke Integrated Network Inc Durham, NC | $2,381,377 | $12,476,427 |