Conservation Employees' Credit Union
- Assets
- $156.3m
- Revenue
- $6.8m
- Investments
- $14.4m
- Employees
- 19
- Location
- Jefferson City, MO
- Founding
- Data as of
- 12/2023
- EIN
- 44-0595869
Organization Overview
Conservation Employees' Credit Union is located in Jefferson City, MO. As of 12/2023, Conservation Employees' Credit Union employed 19 individuals. Conservation Employees' 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, Conservation Employees' Credit Union generated $6.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $6.1m during the year ending 12/2023. While expenses have increased by 7.3% 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
THE MEMBER-OWNED CONSERVATION EMPLOYEES' CREDIT UNION EXISTS TO SERVE THE MEMBERS IN THE BEST WAY POSSIBLE WITHIN THE CONSTRAINTS OF MAINTAINING A SOUND FINANCIAL INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 9,172 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, LOANS OUTSTANDING TOTALED $120,793,939.
PAID DIVIDENDS AND INTEREST ON MEMBER DEPOSITS TOTALING $1,683,259 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Steward Chairperson | Trustee | 1 | $0 |
Heather Green Vice Chairperson | Trustee | 1 | $0 |
Richard Wehnes Secretary/treasurer | Trustee | 1 | $0 |
Carl Hauser Director | Trustee | 1 | $0 |
Shaun Zimmerman Director | Trustee | 1 | $0 |
Christopher Riggert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $207,000 |
| 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 | $207,000 |
| Total Program Service Revenue | $5,949,159 |
| Investment income | $642,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,857 |
| 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 | $6,814,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $249,184 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $900,344 |
| Pension plan accruals and contributions | $113,197 |
| Other employee benefits | $170,810 |
| Payroll taxes | $71,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $239,497 |
| Advertising and promotion | $225,569 |
| Office expenses | $151,761 |
| Information technology | $951,728 |
| Royalties | $0 |
| Occupancy | $70,078 |
| Travel | $425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,384 |
| Interest | $28,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,827 |
| Insurance | $59,084 |
| All other expenses | $61,886 |
| Total functional expenses | $6,064,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,107 |
| Savings and temporary cash investments | $12,045,639 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $414,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $120,647,288 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $988,354 |
| Net Land, buildings, and equipment | $757,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,360,939 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,852,254 |
| Total assets | $156,286,179 |
| Accounts payable and accrued expenses | $1,765,277 |
| 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 | $142,405,578 |
| Total liabilities | $144,170,855 |
| 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 | $12,115,324 |
| Total liabilities and net assets/fund balances | $156,286,179 |