Lisbon Farmers Union Credit Union

Organization Overview

Lisbon Farmers Union Credit Union is located in Lisbon, ND. The organization was established in 1949. 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 12/2021, Lisbon Farmers Union Credit Union employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lisbon Farmers Union 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, Lisbon Farmers Union Credit Union generated $171.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $165.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION IS A MEMBER OWNED CREDIT UNION THAT PROVIDES SAVINGS AND LOAN OPTIONS FOR ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS A MEMBER OWNED CREDIT UNION THAT HAS PROVIDED SAVINGS AND LOAN OPTIONS FOR ITS MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Dan Wagner
Treasurer
$82,720
Donald Anderson
Director
$1,000
Owen Trangsrud
President
$800
Mark Bartle
Director
$750
Larry Carter
Director
$700
Tim Rehborg
Director
$600

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$170,429
Investment income $1,098
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 $171,527

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