United Labor Credit Union
- Assets
- $18.2m
- Revenue
- $852.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Raytown, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-1443788
Organization Overview
United Labor Credit Union is located in Raytown, MO. As of 12/2021, United Labor Credit Union employed 7 individuals. United Labor 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, United Labor Credit Union generated $852.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $902.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE FINANCIAL LIVES OF UNION MEMBERS AND THEIR FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 4,375 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 1,432 LOANS OUTSTANDING TOTALING $9,335,529.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $25,844 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Vogler President | Officer | 53 | $99,137 |
Mike Bynum Chairman | Trustee | 1 | $0 |
Dennis Bajkowski Board Member | Trustee | 1 | $0 |
Joe Fuentes Board Member | Trustee | 1 | $0 |
Scott Grandon Board Member | Trustee | 1 | $0 |
Allen Jay Lind Vice Chairman | 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 | $825,240 |
| Investment income | $29,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,330 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,785 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $852,586 |
| 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. | $131,290 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,765 |
| Pension plan accruals and contributions | $22,303 |
| Other employee benefits | $55,560 |
| Payroll taxes | $23,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,840 |
| Fees for services: Accounting | $17,364 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,445 |
| Advertising and promotion | $16,515 |
| Office expenses | $190,581 |
| Information technology | $15,589 |
| Royalties | $0 |
| Occupancy | $26,531 |
| Travel | $851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,401 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,617 |
| Insurance | $17,213 |
| All other expenses | $10,483 |
| Total functional expenses | $902,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,828 |
| Savings and temporary cash investments | $7,862,332 |
| 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 | $9,291,162 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,022 |
| Net Land, buildings, and equipment | $514,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $175,914 |
| Total assets | $18,221,258 |
| Accounts payable and accrued expenses | $45,636 |
| 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 | $16,969,702 |
| Total liabilities | $17,015,338 |
| 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 | $1,205,920 |
| Total liabilities and net assets/fund balances | $18,221,258 |
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