Archer Cooperative Credit Union
- Assets
- $81.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Central City, NE
- Founding
- 08/1951
- Data as of
- 12/2021
- 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 12/2021, Archer Cooperative Credit Union employed 27 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 12/2021, 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 6.8% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 5.7% 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
2021
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 | $140,970 | |
Michael Kezeor CFO | 40 | $117,778 | |
Tracey Heffner Board Member | Trustee | 1 | $0 |
Kristen Hermansen-Ryan Board Member | Trustee | 1 | $0 |
Ed Mcneff Board Member | Trustee | 1 | $0 |
Eric Nielsen Board Member | Trustee | 1 | $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 | $4,090,363 |
| Investment income | $199,591 |
| 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 | $4,289,954 |
| 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 | $1,422,342 |
| Pension plan accruals and contributions | $68,072 |
| Other employee benefits | $270,348 |
| Payroll taxes | $96,860 |
| 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 | $154,941 |
| Office expenses | $246,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,499 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,689 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222,501 |
| Insurance | $28,246 |
| All other expenses | $100,425 |
| Total functional expenses | $3,727,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,038,705 |
| Savings and temporary cash investments | $12,615,013 |
| 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 | $59,423,137 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $90,510 |
| Net Land, buildings, and equipment | $3,711,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,851,019 |
| Total assets | $81,729,642 |
| Accounts payable and accrued expenses | $319,339 |
| 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 | $73,825,478 |
| Total liabilities | $74,144,817 |
| 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 | $2,420,131 |
| Total liabilities and net assets/fund balances | $81,729,642 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Archer Cooperative Credit Union has recieved totaling $7,185.
| Awarding Organization | Amount |
|---|---|
Greater Grand Island Community Foundation Grand Island, NE PURPOSE: HUMAN SERVICES | $7,185 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sooper Credit Union Arvada, CO | $541,418,878 | $25,522,076 |
Partner Colorado Credit Union Arvada, CO | $575,170,940 | $26,663,634 |
Mid American Credit Union Wichita, KS | $369,701,114 | $22,939,489 |
Red Rocks Credit Union Littleton, CO | $358,530,092 | $14,106,899 |
Arsenal Credit Union Arnold, MO | $349,876,786 | $18,878,245 |
Aventa Credit Union Colorado Springs, CO | $264,169,507 | $14,432,586 |
Credit Unions Chartered In The State Of Colorado Golden, CO | $372,330,766 | $14,599,504 |
Colorado Credit Union Littleton, CO | $304,566,032 | $14,640,813 |
First Nebraska Credit Union Omaha, NE | $169,996,171 | $8,202,195 |
Arapahoe Credit Union Littleton, CO | $161,441,779 | $8,110,476 |
Minnequa Works Credit Union Pueblo, CO | $238,940,287 | $7,220,159 |
Credit Unions Chartered In The State Of Colorado Pueblo, CO | $198,856,322 | $7,604,912 |