Cce Federal Credit Union
- Assets
- $16.8m
- Revenue
- $407.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Fargo, ND
- Founding
- 08/1958
- Data as of
- 12/2021
- EIN
- 45-0275615
Organization Overview
Cce Federal Credit Union is located in Fargo, ND. The organization was established in 1958. 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, Cce Federal Credit Union employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cce Federal 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, Cce Federal Credit Union generated $407.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $398.4k during the year ending 12/2021. 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
CREDIT UNION SERVICES TO APPROXIMATELY 1550 MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER LOANS
MEMBER SAVINGS
INVESTMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Johnson Director | Trustee | 2 | $0 |
Rebecca Lindstrom Director | Trustee | 1 | $0 |
Diane Heier Secretary | OfficerTrustee | 1 | $0 |
Marjorie Branden Chairman | OfficerTrustee | 2 | $0 |
Joe Locnikar Vice Chairman | OfficerTrustee | 1 | $0 |
Dawn Rognlien President | Officer | 40 | $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 | $359,554 |
| Investment income | $40,790 |
| 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 | $407,349 |
| 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. | $81,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,485 |
| Pension plan accruals and contributions | $12,961 |
| Other employee benefits | $28,326 |
| Payroll taxes | $13,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $180 |
| Office expenses | $48,441 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,402 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $584 |
| Interest | $6,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,588 |
| Insurance | $16,301 |
| All other expenses | $106 |
| Total functional expenses | $398,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,086,822 |
| Savings and temporary cash investments | $5,238,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,224,602 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,633 |
| Net Land, buildings, and equipment | $87,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,391 |
| Total assets | $16,800,864 |
| Accounts payable and accrued expenses | $53,435 |
| 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 | $15,229,643 |
| Total liabilities | $15,283,078 |
| 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 | $1,517,786 |
| Total liabilities and net assets/fund balances | $16,800,864 |