Columbia Credit Union
- Assets
- $30.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Columbia, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-6041840
Organization Overview
Columbia Credit Union is located in Columbia, MO. As of 12/2021, Columbia Credit Union employed 13 individuals. Columbia 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, Columbia Credit Union generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 1.6% 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
TO SERVE THE FINANCIAL NEEDS OF OUR MEMBERS IN A SOUND, COMPETITIVE STRUCTURE WHILE MAINTAINING A REALISTIC ATTITUDE TOWARD FUTURE GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THRIFT AMONG ITS MEMBERS, BY AFFORDING THEM AN OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS; TO CREATE FOR THEM A SOURCE OF CREDIT AT FAIR & REASONABLE RATES OF INTEREST; TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY FOR THEIR MUTUAL BENEFIT; TO EDUCATE MEMBERS IN THE PRUDENT USE OF MONEY & CREDIT; TO OPERATE IN THE SPIRIT OF COOPERATION - NOT FOR PROFIT; TO IMPROVE THE COMMUNITY IN WHICH IT OPERATES, AND TO PROVIDE OTHER FISCAL & FINANCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Heath Credit Union | Officer | 40 | $154,176 |
Jennifer Archuleta Operations M | Officer | 40 | $78,635 |
Richard Cole Treasurer | Trustee | 1 | $0 |
Shara Meyer Vice Chair | Trustee | 1 | $0 |
Keith Wilson Board Member | Trustee | 1 | $0 |
Susie Sapp 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 | $1,125,639 |
| Investment income | $14,807 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,795 |
| 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 | $1,470,678 |
| 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. | $232,811 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $273,958 |
| Pension plan accruals and contributions | $17,649 |
| Other employee benefits | $47,407 |
| Payroll taxes | $39,737 |
| Fees for services: Management | $1,147 |
| Fees for services: Legal | $6,004 |
| Fees for services: Accounting | $323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,261 |
| Advertising and promotion | $0 |
| Office expenses | $346,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,542 |
| Travel | $1,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $22,518 |
| Total functional expenses | $1,278,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,974 |
| Savings and temporary cash investments | $7,319,026 |
| 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 | $21,739,305 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $208,988 |
| Net Land, buildings, and equipment | $1,134,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $290,174 |
| Total assets | $30,844,857 |
| Accounts payable and accrued expenses | $57,164 |
| 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 | $28,397,998 |
| Total liabilities | $28,455,162 |
| Net assets without donor restrictions | $2,389,695 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $30,844,857 |
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