United Consumers Credit Union
- Assets
- $199.0m
- Revenue
- $12.4m
- Investments
- $15.7m
- Employees
- 78
- Location
- Independence, MO
- Founding
- Data as of
- 12/2023
- EIN
- 44-0541384
Organization Overview
United Consumers Credit Union is located in Independence, MO. As of 12/2023, United Consumers Credit Union employed 78 individuals. United Consumers 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 12/2023, United Consumers Credit Union generated $12.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $10.9m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COOPERATIVE PROVIDER OF FINANCIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 17,466 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, LOANS OUTSTANDING TOTALED $135,879,988, INCLUDING PARTICIPATIONS.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $1,580,215 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 |
|---|---|---|---|
Jared Fears Chairman | Trustee | 0.5 | $0 |
Vaughn Tribble 1st Vice Chairman | Trustee | 0.5 | $0 |
Kevin Cummings 2nd Vice Chairman | Trustee | 0.5 | $0 |
Mike Welsch Secretary/treasurer | Trustee | 0.5 | $0 |
Tracy Cox Board Member | Trustee | 0.5 | $0 |
Mary Brown Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Route 66 Extended Warranty For Vehicles | 12/30/19 | $152,230 |
Fiserv Card Processor | 12/30/19 | $597,248 |
Fiserv Core System Provider | 12/30/19 | $248,008 |
Kasasa Website Services And Checking Account Services | 12/30/19 | $171,564 |
Fiserv Core System Provider | 12/30/19 | $248,008 |
Route 66 Extended Warranty For Vehicles | 12/30/19 | $152,230 |
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 | $11,308,278 |
| Investment income | $1,104,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,244 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,258 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,423,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,950 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $676,511 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,477,768 |
| Pension plan accruals and contributions | $62,895 |
| Other employee benefits | $432,705 |
| Payroll taxes | $219,175 |
| Fees for services: Management | $45,987 |
| Fees for services: Legal | $10,334 |
| Fees for services: Accounting | $72,633 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $418,906 |
| Office expenses | $2,463,702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $407,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,517 |
| Interest | $315,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $298,164 |
| Insurance | $105,361 |
| All other expenses | $2,741 |
| Total functional expenses | $10,884,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,801,039 |
| Savings and temporary cash investments | $37,743,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $356,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $133,805,190 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $256,395 |
| Net Land, buildings, and equipment | $5,673,999 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,744,515 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,614,344 |
| Total assets | $198,994,995 |
| Accounts payable and accrued expenses | $2,473,645 |
| 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 | $8,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $167,207,520 |
| Total liabilities | $177,681,165 |
| 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 | $21,313,830 |
| Total liabilities and net assets/fund balances | $198,994,995 |