Quantum Credit Union
- Assets
- $95.6m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 37
- Location
- Wichita, KS
- Founding
- Data as of
- 12/2021
- EIN
- 48-0446490
Organization Overview
Quantum Credit Union is located in Wichita, KS. As of 12/2021, Quantum Credit Union employed 37 individuals. Quantum 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, Quantum Credit Union generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 6 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
PROVIDE FINANCIAL SERVICES FOR MUTUAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A SOURCE OF CREDIT AND OTHER FINANCIAL RELATED SERVICES TO 7,794 MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Bullock President | Officer | 40 | $184,526 |
Elesa Parsons Vice President | 40 | $105,826 | |
Bryan Chapman Vice Chairman | OfficerTrustee | 2 | $0 |
Zach Strack Chairman | OfficerTrustee | 2 | $0 |
Tony Pearce Director | Trustee | 2 | $0 |
Dan Horine Director | Trustee | 2 | $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 | $4,607,581 |
| Investment income | $134,716 |
| 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 | $4,777,554 |
| 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. | $290,352 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,129,693 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $356,410 |
| Payroll taxes | $0 |
| 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 | $18,392 |
| Advertising and promotion | $0 |
| Office expenses | $333,389 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $178,556 |
| Travel | $74,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $427,132 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,122 |
| Insurance | $0 |
| All other expenses | $31,227 |
| Total functional expenses | $4,366,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,012,647 |
| Savings and temporary cash investments | $21,736,702 |
| 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 | $65,736,255 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,400,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,749,619 |
| Total assets | $95,635,315 |
| Accounts payable and accrued expenses | $1,351,899 |
| 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 | $85,089,298 |
| Total liabilities | $86,441,197 |
| 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 | $9,194,118 |
| Total liabilities and net assets/fund balances | $95,635,315 |
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