Fedco Credit Union
- Assets
- $6.8m
- Revenue
- $64.8k
- Investments
- $5.3m
- Employees
- 0
- Location
- Jefferson City, MO
- Founding
- Data as of
- 12/2021
- EIN
- 44-0651555
Organization Overview
Fedco Credit Union is located in Jefferson City, MO. Fedco 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 12/2021, Fedco Credit Union generated $64.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $44.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FEDCO CREDIT UNION IS A VOLUNTARY, COOPERATIVE, NON PROFIT SAVINGS INSITUTION, INCORPORATED UNDER THE PROVISIONS OF MISSOURI STATUTES, FOR THE PURPOSE OF ENCOURAGING THRIFT AND SAVINGS AMONG ITS MEMBERS, PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND INCREASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEDCO CREDIT UNION IS A VOLUNTARY, COOPERATIVE, NON PROFIT SAVINGS INSTITUTION, INCORPORATED UNDER THE PROVISIONS OF MISSOURI STATUTES, FOR THE PURPOSE OF ENCOURAGING THRIFT AND SAVINGS AMONG ITS MEMBERS, PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND INCREASE THE KNOWLEDGE AND ABILITY OF OUR MEMBERS TO MANAGE AND CONTROL THEIR FINANCIAL WELL- BEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronda Bryant Treasurer | OfficerTrustee | 1 | $0 |
Nicholas Roberts President | OfficerTrustee | 1 | $0 |
Nick Schollmeyer Vice Preside | OfficerTrustee | 1 | $0 |
Calvin Wilbers Secretary | OfficerTrustee | 1 | $0 |
Connie Hegerfeld CEO | Trustee | 1 | $0 |
Chris Duncan Director | 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 | $64,760 |
| Investment income | $0 |
| 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 | $64,760 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,670 |
| All other expenses | $2,651 |
| Total functional expenses | $44,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,930 |
| Savings and temporary cash investments | $109,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $23,378 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $970,153 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $756 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,305,401 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,555 |
| Total assets | $6,789,668 |
| Accounts payable and accrued expenses | $1,347 |
| 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 | $6,190,362 |
| Total liabilities | $6,191,709 |
| 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 | $356,550 |
| Retained earnings, endowment, accumulated income, or other funds | $241,409 |
| Total liabilities and net assets/fund balances | $6,789,668 |
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