Community Credit Union is located in New Rockford, ND. The organization was established in 1973. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Community Credit Union employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2022, Community Credit Union generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION SERVICES FOR APPROXIMATELY 5000 MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTMENTS OTHER PROGRAM SERVICES
MEMBER SAVINGS
MEMBER LOANS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Barbara Messner President | Officer | 40 | $137,654 |
Mike Yri Director | OfficerTrustee | 1 | $0 |
James Harmon Chariman | OfficerTrustee | 1 | $0 |
Ed Oconnor Supervisory Committee | OfficerTrustee | 1 | $0 |
James Eversvik Secretarytreasurer | OfficerTrustee | 1 | $0 |
Brent Helseth Vice Chairman | OfficerTrustee | 1 | $0 |
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 | $1,271,514 |
Investment income | $1,357,226 |
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 | $2,628,740 |
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 | $640,723 |
Pension plan accruals and contributions | $55,648 |
Other employee benefits | $144,759 |
Payroll taxes | $47,203 |
Fees for services: Management | $0 |
Fees for services: Legal | $500 |
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 | $40,043 |
Office expenses | $58,091 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $35,280 |
Travel | $2,012 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,160 |
Interest | $658,932 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $33,584 |
Insurance | $30,288 |
All other expenses | $195,841 |
Total functional expenses | $2,129,904 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $485,801 |
Savings and temporary cash investments | $8,466,861 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $703,842 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $29,215,595 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $13,639 |
Net Land, buildings, and equipment | $347,649 |
Investments—publicly traded securities | $148,144,955 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,473,696 |
Total assets | $188,852,038 |
Accounts payable and accrued expenses | $1,158,892 |
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 | $5,475,548 |
Other liabilities | $153,331,910 |
Total liabilities | $159,966,350 |
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 | $28,885,688 |
Total liabilities and net assets/fund balances | $188,852,038 |
Organization Name | Assets | Revenue |
---|---|---|
Southpoint Financial Credit Union Sleepy Eye, MN | $509,297,128 | $21,366,397 |
Valley Financial Credit Union Billings, MT | $409,425,878 | $18,570,812 |
North Star Community Credit Union Maddock, ND | $392,799,949 | $17,250,607 |
First Alliance Credit Union Stewartville, MN | $266,858,268 | $15,921,045 |
My Credit Union Bloomington, MN | $393,544,128 | $17,620,611 |
Western Cooperative Credit Union Williston, ND | $421,229,193 | $14,078,425 |
Minnco Credit Union Cambridge, MN | $474,930,178 | $17,267,094 |
Co-Op Credit Union Of Montevideo Montevideo, MN | $328,823,847 | $13,808,277 |
Anoka Hennepin Credit Union Coon Rapids, MN | $278,464,977 | $10,634,973 |
Northwoods Credit Union Cloquet, MN | $158,800,321 | $10,013,963 |
Dakota West Credit Union Watford City, ND | $299,186,425 | $10,075,740 |
Financial One Credit Union Columbia Heights, MN | $196,661,798 | $11,270,296 |