Northwest Missouri Regional Credit Union

Organization Overview

Northwest Missouri Regional Credit Union is located in Maryville, MO. The organization was established in 0000. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Northwest Missouri Regional Credit Union employed 12 individuals. Northwest Missouri Regional 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, Northwest Missouri Regional Credit Union generated $757.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $657.3k during the year ending 12/2023. While expenses have increased by 4.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE A FAIR AND REASONABLE RATE OF INTEREST FOR MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH EARNINGS, SAVINGS, AND SERVICES DISTRIBUTED TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 2,552 MEMBERS.


PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 939 LOANS OUTSTANDING TOTALING $8,173,446.


PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $23,153 FOR THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Virgil Albertini
Board President
$0
Becky Byland
Board Vice President
$0
David Primm
Board Secretary / Treasurer
$0
Raymond Courter
Board Member
$0
Nickolas Freeman
Board Member
$0
John Rhoades
Board Member
$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$665,241
Investment income $89,909
Tax Exempt Bond Proceeds $0
Royalties $1,917
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 $757,067

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