Archer Cooperative Credit Union
- Assets
- $88.5m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Central City, NE
- Founding
- 08/1951
- Data as of
- 12/2022
- EIN
- 47-0093680
Organization Overview
Archer Cooperative Credit Union is located in Central City, NE. The organization was established in 1951. 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, Archer Cooperative Credit Union employed 29 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Archer Cooperative 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, Archer Cooperative Credit Union generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 7 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
STATE CHARTERED CREDIT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Minert President/ce | 40 | $147,687 | |
Michael Kezeor CFO | 40 | $124,204 | |
Tracey Heffner Board Member | Trustee | 1 | $750 |
Kristen Hermansen-Ryan Board Member | Trustee | 1 | $750 |
Ed Mcneff Board Member | Trustee | 1 | $750 |
Eric Nielsen Board Member | Trustee | 1 | $750 |
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 | $3,969,289 |
| Investment income | $281,206 |
| 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 | $4,250,495 |
| 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 | $1,544,166 |
| Pension plan accruals and contributions | $64,796 |
| Other employee benefits | $300,303 |
| Payroll taxes | $105,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $141,278 |
| Office expenses | $247,320 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,636 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,692 |
| Interest | $643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,559 |
| Insurance | $29,735 |
| All other expenses | $100,422 |
| Total functional expenses | $3,766,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,359,993 |
| Savings and temporary cash investments | $7,015,524 |
| 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 | $69,447,961 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,759 |
| Net Land, buildings, and equipment | $3,632,077 |
| Investments—publicly traded securities | $2,933,849 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,994,544 |
| Total assets | $88,466,707 |
| Accounts payable and accrued expenses | $1,088,438 |
| 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 | $79,309,595 |
| Total liabilities | $80,398,033 |
| 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 | $5,164,694 |
| Retained earnings, endowment, accumulated income, or other funds | $2,903,980 |
| Total liabilities and net assets/fund balances | $88,466,707 |