Town & Country Credit Union
- Assets
- $637.6m
- Revenue
- $29.5m
- Investments
- $0.0
- Employees
- 210
- Location
- Minot, ND
- Founding
- 04/1942
- Data as of
- 12/2022
- EIN
- 45-0278124
Organization Overview
Town & Country Credit Union is located in Minot, ND. The organization was established in 1942. 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, Town & Country Credit Union employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Town & Country 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, Town & Country Credit Union generated $29.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $25.0m during the year ending 12/2022. While expenses have increased by 3.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD TRUSTED FINANCIAL RELATIONSHIPS THROUGH PERSONALIZED SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Hight Director | Trustee | 1 | $0 |
Brian Nelson Director | Trustee | 1 | $0 |
David Ripplinger Director | Trustee | 1 | $0 |
Jim Anderson Director | Trustee | 1 | $0 |
Delrae Geinert Chair | Officer | 1 | $0 |
Jay Landsiedel CFO | Officer | 40 | $279,599 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ncr Corporation Home Banking, Mobile Banking Product | 12/30/22 | $278,176 |
Consolidated Communications Telephone, Internet, Data Line Communica | 12/30/22 | $180,174 |
Lkcs Statement Provider, New Website Develope | 12/30/22 | $171,464 |
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 | $28,033,911 |
| Investment income | $2,160,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $112,881 |
| Net Gain/Loss on Asset Sales | -$792,528 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,514,851 |
| 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. | $530,482 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,431,143 |
| Pension plan accruals and contributions | $589,673 |
| Other employee benefits | $1,065,221 |
| Payroll taxes | $687,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $72,123 |
| Advertising and promotion | $593,023 |
| Office expenses | $3,075,405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,217,637 |
| Travel | $174,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,422,328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,109,835 |
| Insurance | $0 |
| All other expenses | $109,185 |
| Total functional expenses | $25,000,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,675,120 |
| Savings and temporary cash investments | $90,278,902 |
| 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 | $508,471,565 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $625,407 |
| Net Land, buildings, and equipment | $11,719,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,800,553 |
| Intangible assets | $0 |
| Other assets | $11,037,659 |
| Total assets | $637,609,134 |
| Accounts payable and accrued expenses | $6,106,923 |
| 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 | $551,918,620 |
| Total liabilities | $558,025,543 |
| 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 | $79,583,591 |
| Total liabilities and net assets/fund balances | $637,609,134 |