White Eagle Credit Union
- Assets
- $147.8m
- Revenue
- $7.1m
- Investments
- $9.2m
- Employees
- 57
- Location
- Augusta, KS
- Founding
- Data as of
- 12/2022
- EIN
- 48-0126615
Organization Overview
White Eagle Credit Union is located in Augusta, KS. As of 12/2022, White Eagle Credit Union employed 57 individuals. White Eagle 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, White Eagle Credit Union generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $5.6m during the year ending 12/2022. While expenses have increased by 2.2% 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
A FINANCIAL COOPERATIVE DEDICATED TO OUTSTANDING PERSONAL SERVICE, THE LATEST TECHNOLOGY AND PRODUCTS, AND EMPOWERING MEMBERS TO IMPROVE THEIR FINANCIAL WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 15,120 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, THERE WERE 6,680 LOANS OUTSTANDING TOTALING $89,209,483.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $485,644 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Reavis Chairman | Trustee | 1 | $0 |
Tim Follis Vice Chairman | Trustee | 1 | $0 |
Troy Nordman Treasurer | Trustee | 1 | $0 |
Tammy Wilson Secretary | Trustee | 1 | $0 |
Pat Terick Director | Trustee | 1 | $0 |
Bobby Hubbard Director | 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 | $6,407,050 |
| Investment income | $692,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,910 |
| 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 | $7,120,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,500 |
| Grants and other assistance to domestic individuals. | $7,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $298,482 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,592,400 |
| Pension plan accruals and contributions | $54,521 |
| Other employee benefits | $214,635 |
| Payroll taxes | $141,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,413 |
| Advertising and promotion | $97,522 |
| Office expenses | $1,670,717 |
| Information technology | $65,457 |
| Royalties | $0 |
| Occupancy | $303,455 |
| Travel | $8,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,024 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,998 |
| Insurance | $50,463 |
| All other expenses | $3,460 |
| Total functional expenses | $5,567,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,432,276 |
| Savings and temporary cash investments | $40,422,487 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,439 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $88,925,078 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $205,601 |
| Net Land, buildings, and equipment | $5,039,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,172,257 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,558,208 |
| Total assets | $147,808,188 |
| Accounts payable and accrued expenses | $1,082,797 |
| 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 | $127,444,950 |
| Total liabilities | $128,527,747 |
| 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 | $19,280,441 |
| Total liabilities and net assets/fund balances | $147,808,188 |