Multipli Credit Union
- Assets
- $164.8m
- Revenue
- $7.4m
- Investments
- $2.9m
- Employees
- 60
- Location
- Springfield, MO
- Founding
- Data as of
- 12/2021
- EIN
- 44-0443995
Organization Overview
Multipli Credit Union is located in Springfield, MO. As of 12/2021, Multipli Credit Union employed 60 individuals. Multipli 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, Multipli Credit Union generated $7.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 5 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
WE EXIST TO PROVIDE AFFORDABLE, QUALITY FINANCIAL SERVICES FOR THE MEMBERS OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTARY, COOPERATIVE, NONPROFIT SAVINGS INSTITUTION WHICH ENCOURAGES THRIFT AMONG THEIR 11,419 MEMBERS BY PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Hadsall President | Officer | 40 | $245,750 |
Greg Snyder CFO | Officer | 40 | $185,957 |
Terry Barksdale Staff | 40 | $107,079 | |
Susan Kasterke Staff | 40 | $103,951 | |
Ben Jones Vice Chairma | OfficerTrustee | 1 | $0 |
Max Buetow Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bp Builders Construction | 12/30/21 | $2,815,433 |
Jack Henry Associates Banking Systems | 12/30/21 | $110,282 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $359,842 |
| 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 | $359,842 |
| Total Program Service Revenue | $6,458,059 |
| Investment income | $558,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $7,376,341 |
| 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. | $464,294 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,936,039 |
| Pension plan accruals and contributions | $40,791 |
| Other employee benefits | $151,522 |
| Payroll taxes | $176,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,449 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,637 |
| Fees for services: Other | $41,055 |
| Advertising and promotion | $55,523 |
| Office expenses | $90,571 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,049 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,705 |
| Interest | $257,746 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,034 |
| Insurance | $50,863 |
| All other expenses | $100,623 |
| Total functional expenses | $4,838,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,103,762 |
| Savings and temporary cash investments | $12,872,185 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $248,217 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $90,697,888 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $160,170 |
| Net Land, buildings, and equipment | $10,435,905 |
| Investments—publicly traded securities | $40,705,814 |
| Investments—other securities | $2,851,294 |
| Investments—program-related | $1,237,969 |
| Intangible assets | $0 |
| Other assets | $4,530,983 |
| Total assets | $164,844,187 |
| Accounts payable and accrued expenses | $908,946 |
| Grants payable | $1,417,658 |
| 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 | $4,212,652 |
| Other liabilities | $133,230,375 |
| Total liabilities | $139,769,631 |
| 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 | $25,074,556 |
| Total liabilities and net assets/fund balances | $164,844,187 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Multipli Credit Union has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Heartland Credit Union Charitable Foundation Inc St Louis, MO PURPOSE: FINANCIAL WELLNESS GRANT | $10,000 |
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 |