Highway Crossroads Credit Union Union
- Assets
- $19.6m
- Revenue
- $866.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Sikeston, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-6032519
Organization Overview
Highway Crossroads Credit Union Union is located in Sikeston, MO. As of 12/2021, Highway Crossroads Credit Union Union employed 7 individuals. Highway Crossroads Credit Union 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, Highway Crossroads Credit Union Union generated $866.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $714.5k during the year ending 12/2021. While expenses have increased by 15.6% 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 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 1,894 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 1,103 LOANS OUTSTANDING TOTALING $13,463,713.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $128,807 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 |
|---|---|---|---|
Lindi Lynch President | Officer | 40 | $84,690 |
Jeffery Wachter Chairman | Trustee | 0.5 | $0 |
David Wyman Vice Chairman | Trustee | 0.5 | $0 |
Spencer S Perry Director | Trustee | 0.5 | $0 |
Michael Brandon Secretary/treasurer | Trustee | 0.5 | $0 |
Brooks Pratt Director | Trustee | 0.5 | $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 | $852,090 |
| Investment income | $14,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $866,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,644 |
| 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. | $86,589 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,169 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,884 |
| Payroll taxes | $16,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,103 |
| Fees for services: Accounting | $9,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,958 |
| Advertising and promotion | $16,371 |
| Office expenses | $141,955 |
| Information technology | $55,254 |
| Royalties | $0 |
| Occupancy | $7,244 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,644 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,062 |
| Insurance | $12,383 |
| All other expenses | $1,681 |
| Total functional expenses | $714,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,882,101 |
| Savings and temporary cash investments | $3,182,091 |
| 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 | $13,399,784 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,194 |
| Net Land, buildings, and equipment | $918,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $177,611 |
| Total assets | $19,583,781 |
| Accounts payable and accrued expenses | $186,931 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,498 |
| 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 | $16,285,070 |
| Total liabilities | $16,476,499 |
| 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 | $3,107,282 |
| Total liabilities and net assets/fund balances | $19,583,781 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deep East Texas Electric Co-Operative Inc San Augustine, TX | $258,283,792 | $99,942,050 |
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Memorial Hermann Hospital Based Physician Group Houston, TX | $12,517,571 | $82,920,785 |
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |