Central Missouri Community Credit Union
- Assets
- $131.4m
- Revenue
- $6.7m
- Investments
- $29.0m
- Employees
- 50
- Location
- Warrensburg, MO
- Founding
- Data as of
- 12/2023
- EIN
- 44-0666515
Organization Overview
Central Missouri Community Credit Union is located in Warrensburg, MO. As of 12/2023, Central Missouri Community Credit Union employed 50 individuals. Central Missouri Community 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, Central Missouri Community Credit Union generated $6.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $6.6m during the year ending 12/2023. While expenses have increased by 3.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 15,170 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 6,451 LOANS OUTSTANDING TOTALING $87,354,043.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $306,888 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Brown Chairman | Trustee | 1 | $0 |
Richard Yallaly Vice Chairman | Trustee | 1 | $0 |
Chris Mccreary Secretary | Trustee | 1 | $0 |
Michelle Muin Treasurer | Trustee | 1 | $0 |
Darien Collins Board Member | Trustee | 1 | $0 |
Vernon Whelchel 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 | $6,890,565 |
| Investment income | $357,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,988 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$612,151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,657,502 |
| 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. | $375,770 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,588,966 |
| Pension plan accruals and contributions | $27,764 |
| Other employee benefits | $292,098 |
| Payroll taxes | $257,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,085 |
| Fees for services: Accounting | $55,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $981,899 |
| Advertising and promotion | $70,094 |
| Office expenses | $635,011 |
| Information technology | $631,870 |
| Royalties | $0 |
| Occupancy | $215,194 |
| Travel | $3,933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,178 |
| Interest | $278,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,802 |
| Insurance | $58,425 |
| All other expenses | $16,214 |
| Total functional expenses | $6,646,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,604,829 |
| Savings and temporary cash investments | $1,992,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $2,302,094 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $86,948,560 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $201,485 |
| Net Land, buildings, and equipment | $8,281,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $29,035,068 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,238 |
| Total assets | $131,425,768 |
| Accounts payable and accrued expenses | -$389,118 |
| 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 | $1,909,668 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $120,767,085 |
| Total liabilities | $122,287,635 |
| 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 | $9,138,133 |
| Total liabilities and net assets/fund balances | $131,425,768 |