Arch Community Credit Union is located in St Louis, MO. As of 12/2016, Arch Community Credit Union employed 4 individuals. Arch 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 12/2016, Arch Community Credit Union generated $473.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $575.5k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 2 years. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 2,152 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2016, THERE WERE 653 LOANS OUTSTANDING TOTALING $3,579,537.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $18,809 FOR THE YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eunice Collins President | Officer | 40 | $61,000 |
Diane Hildebrand Vice Chairman | Trustee | 1 | $0 |
Mary Thomas Secretary | Trustee | 1 | $0 |
Fred Maly Chairman | Trustee | 1 | $0 |
John Sanders Treasurer | Trustee | 1 | $0 |
Don Leong Board Member | Trustee | 1 | $0 |
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 | $399,246 |
Investment income | $70,490 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $3,600 |
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 | $473,336 |
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. | $74,339 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $76,490 |
Pension plan accruals and contributions | $9,718 |
Other employee benefits | $10,866 |
Payroll taxes | $10,587 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,069 |
Fees for services: Accounting | $9,908 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $157,342 |
Advertising and promotion | $8,178 |
Office expenses | $31,873 |
Information technology | $27,948 |
Royalties | $0 |
Occupancy | $48,709 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $61 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,649 |
Insurance | $14,157 |
All other expenses | $56 |
Total functional expenses | $575,492 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $144,495 |
Savings and temporary cash investments | $6,794,858 |
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 | $3,542,297 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $6,666 |
Net Land, buildings, and equipment | $45,382 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $137,519 |
Total assets | $10,671,217 |
Accounts payable and accrued expenses | $67,083 |
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 | $9,733,348 |
Total liabilities | $9,800,431 |
Unrestricted restricted net Assets | $0 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $870,786 |
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