Assemblies Of God Credit Union
- Assets
- $369.1m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 80
- Location
- Springfield, MO
- Founding
- Data as of
- 12/2022
- EIN
- 44-0599527
Organization Overview
Assemblies Of God Credit Union is located in Springfield, MO. As of 12/2022, Assemblies Of God Credit Union employed 80 individuals. Assemblies Of God 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, Assemblies Of God Credit Union generated $16.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $13.0m during the year ending 12/2022. While expenses have increased by 6.4% 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.
Since 2014, Assemblies Of God Credit Union has awarded 60 individual grants totaling $760,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY, EFFICIENT AND PROFESSIONAL SERVICES TO MEET OUR MEMBERS' FINANCIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTARY, COOPERATIVE, NONPROFIT SAVINGS INSTITUTION WHICH ENCOURAGES THRIFT AMONG APPROXIMATELY 20,000 MEMBERS BY PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Waggoner Board Chairman | OfficerTrustee | 1 | $0 |
Bill Perkin Board Treasurer | OfficerTrustee | 1 | $0 |
Angela Myers Vice Chairman | Trustee | 1 | $0 |
Jacob Mclauchin Board Secretary | OfficerTrustee | 1 | $0 |
Michael Cooper Board Member | Trustee | 1 | $0 |
Lance Clouse Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Federal Protection Security | 12/30/22 | $310,128 |
Jack Henry & Associates Data Processing | 12/30/22 | $216,480 |
Buxton Kubik Dodd Inc Branch Remodeling | 12/30/22 | $207,923 |
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 | $16,224,152 |
| Investment income | $562,402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $16,786,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $330,000 |
| 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. | $1,185,464 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,987,765 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $734,900 |
| Payroll taxes | $330,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,060 |
| Fees for services: Accounting | -$23,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $181,819 |
| Advertising and promotion | $426,180 |
| Office expenses | $372,323 |
| Information technology | $385,333 |
| Royalties | $0 |
| Occupancy | $496,516 |
| Travel | $10,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145,721 |
| Interest | $1,426,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $301,627 |
| Insurance | $122,887 |
| All other expenses | $591,772 |
| Total functional expenses | $12,968,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,083,196 |
| Savings and temporary cash investments | $0 |
| 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 | $319,614,823 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $982,509 |
| Net Land, buildings, and equipment | $5,702,888 |
| Investments—publicly traded securities | $29,174,222 |
| Investments—other securities | $0 |
| Investments—program-related | $3,582,233 |
| Intangible assets | $0 |
| Other assets | $5,914,569 |
| Total assets | $369,054,440 |
| Accounts payable and accrued expenses | $68,531,884 |
| Grants payable | $0 |
| Deferred revenue | $1,762 |
| 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 | $273,495,630 |
| Total liabilities | $342,029,276 |
| 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 | $27,025,164 |
| Total liabilities and net assets/fund balances | $369,054,440 |
Grants Awarded
Over the last fiscal year, Assemblies Of God Credit Union has awarded $155,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
I POUR LIFE PURPOSE: SOIREE SPONSOR AND GOLF TOURNAMENT SPONSOR | $11,500 |
GLOBAL UNIVERSITY PURPOSE: SCHOLARSHIPS | $22,000 |
SOUTHWESTERN ASSEMLIES OF GOD UNIVERSITY PURPOSE: SCHOLARSHIPS | $22,000 |
EVANGEL UNIVERSITY PURPOSE: SCHOLARSHIPS | $22,000 |
CONVOY OF HOPE PURPOSE: GENERAL FUND AND DISASTER RELIEF | $35,000 |
YPOA PURPOSE: EQUIPMENT | $12,500 |