Northwest Missouri Regional Credit Union
- Assets
- $11.4m
- Revenue
- $655.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Maryville, MO
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 44-0560851
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 12/2022, Northwest Missouri Regional Credit Union employed 7 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 12/2022, Northwest Missouri Regional Credit Union generated $655.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $602.3k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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
2022
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 2,538 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, THERE WERE 975 LOANS OUTSTANDING TOTALING $8,002,493.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $13,316 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Johnson President | Officer | 45 | $88,891 |
Virgil Albertini Board President | Trustee | 1 | $0 |
Becky Byland Board Vice President | Trustee | 1 | $0 |
Raymond Courter Board Member | Trustee | 1 | $0 |
David Primm Board Secretary / Treasurer | Trustee | 1 | $0 |
Nickolas Freeman 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 | $637,800 |
| Investment income | $17,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,823 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,022 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $655,737 |
| 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. | $94,867 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,825 |
| Pension plan accruals and contributions | $4,354 |
| Other employee benefits | $15,523 |
| Payroll taxes | $18,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,920 |
| Advertising and promotion | $4,817 |
| Office expenses | $129,591 |
| Information technology | $78,622 |
| Royalties | $0 |
| Occupancy | $15,465 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,849 |
| Insurance | $12,676 |
| All other expenses | $2,040 |
| Total functional expenses | $602,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,121 |
| Savings and temporary cash investments | $2,603,063 |
| 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 | $7,987,321 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,944 |
| Net Land, buildings, and equipment | $256,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $326,538 |
| Total assets | $11,350,789 |
| Accounts payable and accrued expenses | $46,469 |
| 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 | $10,243,683 |
| Total liabilities | $10,290,152 |
| 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 | $1,060,637 |
| Total liabilities and net assets/fund balances | $11,350,789 |
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