Joplin Metro Credit Union
- Assets
- $48.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Joplin, MO
- Founding
- Data as of
- 12/2023
- EIN
- 44-6014471
Organization Overview
Joplin Metro Credit Union is located in Joplin, MO. As of 12/2023, Joplin Metro Credit Union employed 18 individuals. Joplin Metro 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, Joplin Metro Credit Union generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 4.1% 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
A MEMBER-OWNED FINANCIAL INSTITUTION WHOSE VOLUNTEERS AND EMPLOYEES ARE DEDICATED TO PROVIDING PERSONAL SERVICES AND QUALITY PRODUCTS AT REASONABLE RATES, WHILE STILL MAINTAINING CREDIT UNION LONG-TERM FINANCIAL STABILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 5,487 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, LOANS OUTSTANDING TOTALED $34,624,978, INCLUDING LOAN PARTICIPATIONS.
PAID DIVIDENDS AND INTEREST ON MEMBER ACCOUNTS TOTALING $61,576 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Berryhill Chairperson | Trustee | 1 | $0 |
David Suckow Vice Chairperson | Trustee | 1 | $0 |
Jim Christiansen Treasurer | Trustee | 1 | $0 |
Gretchen Caldwell Secretary | Trustee | 1 | $0 |
John Houston Board Member | Trustee | 1 | $0 |
Raymond Hugley 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 | $3,113,913 |
| Investment income | $324,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,934 |
| 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 | $3,448,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,826 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $607,395 |
| Pension plan accruals and contributions | $7,276 |
| Other employee benefits | $53,776 |
| Payroll taxes | $48,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,550 |
| Fees for services: Accounting | $21,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $404,127 |
| Advertising and promotion | $12,565 |
| Office expenses | $229,299 |
| Information technology | $56,358 |
| Royalties | $0 |
| Occupancy | $83,113 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,650 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,571 |
| Insurance | $32,285 |
| All other expenses | $57,092 |
| Total functional expenses | $2,220,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,804 |
| Savings and temporary cash investments | $12,000,560 |
| 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 | $34,526,804 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,315 |
| Net Land, buildings, and equipment | $697,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $698,692 |
| Total assets | $48,534,914 |
| Accounts payable and accrued expenses | $316,959 |
| 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 | $41,044,645 |
| Total liabilities | $41,361,604 |
| 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 | $7,173,310 |
| Total liabilities and net assets/fund balances | $48,534,914 |