Telcomm Credit Union
- Assets
- $246.5m
- Revenue
- $11.8m
- Investments
- $5.1m
- Employees
- 71
- Location
- Springfield, MO
- Founding
- Data as of
- 12/2021
- EIN
- 44-0538278
Organization Overview
Telcomm Credit Union is located in Springfield, MO. As of 12/2021, Telcomm Credit Union employed 71 individuals. Telcomm 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, Telcomm Credit Union generated $11.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $8.0m during the year ending 12/2021. While expenses have increased by 8.1% 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
MEMBER OWNED COOPERATIVE DEDICATED TO PROVIDING HIGH QUALITY FINANCIAL SERVICES TO ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION PROVIDES SAVINGS AND LOAN SERVICES AS WELL AS OTHER FINANCIAL SERVICES TO APPROXIMATELY 22,377 MEMBERS AT COMPETITIVE RATES TO IMPROVE THEIR ECONOMIC CONDITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Shorney President/ce | Officer | 40 | $190,096 |
Chris Glenn Chief Lendin | Officer | 40 | $109,462 |
Beth Hylsky CFO | Officer | 40 | $104,885 |
Gregory Eck Chairman | OfficerTrustee | 1 | $0 |
Ron Barber Vice Chairma | OfficerTrustee | 1 | $0 |
David Roper Sec/treasure | OfficerTrustee | 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 | $10,905,183 |
| Investment income | $860,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,600 |
| Net Gain/Loss on Asset Sales | $548 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,784,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,050 |
| 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. | $438,886 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,805,548 |
| Pension plan accruals and contributions | $99,801 |
| Other employee benefits | $300,005 |
| Payroll taxes | $163,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $313 |
| Fees for services: Accounting | $30,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,095 |
| Advertising and promotion | $298,817 |
| Office expenses | $1,293,739 |
| Information technology | $102,015 |
| Royalties | $0 |
| Occupancy | $345,655 |
| Travel | $8,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,437 |
| Interest | $561,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $390,903 |
| Insurance | $48,810 |
| All other expenses | $279,634 |
| Total functional expenses | $8,000,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,038,520 |
| Savings and temporary cash investments | $5,732,436 |
| 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 | $161,127,161 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $289,094 |
| Net Land, buildings, and equipment | $5,912,407 |
| Investments—publicly traded securities | $55,502,587 |
| Investments—other securities | $5,078,000 |
| Investments—program-related | $1,976,141 |
| Intangible assets | $0 |
| Other assets | $8,844,347 |
| Total assets | $246,500,693 |
| Accounts payable and accrued expenses | $642,376 |
| 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 | $211,185,810 |
| Total liabilities | $211,828,186 |
| 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 | $34,672,507 |
| Total liabilities and net assets/fund balances | $246,500,693 |
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