Bluestem Community Credit Union
- Assets
- $11.8m
- Revenue
- $471.3k
- Investments
- $961.9k
- Employees
- 5
- Location
- El Dorado, KS
- Founding
- Data as of
- 12/2022
- EIN
- 48-0548261
Organization Overview
Bluestem Community Credit Union is located in El Dorado, KS. As of 12/2022, Bluestem Community Credit Union employed 5 individuals. Bluestem Community 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, Bluestem Community Credit Union generated $471.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $457.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 2 years. 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 PROVIDE QUALITY SERVICE AND PRODUCTS TO MEET OUR MEMBERS' CHANGING FINANCIAL NEEDS AT COMPETITIVE PRICES WHILE PROMOTING THE CREDIT UNION'S PHILOSOPHY OF "PEOPLE HELPING PEOPLE."
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 1,395 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, THERE WERE 641 LOANS OUTSTANDING TOTALING $6,573,456.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $4,722 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Schmidt Chairperson | Trustee | 0.5 | $0 |
Donna Farthing Secretary/treasurer | Trustee | 0.5 | $0 |
Brad Johnson Board Member | Trustee | 0.5 | $0 |
Dana Jordan Board Member | Trustee | 0.5 | $0 |
Edward Scott Board Member | Trustee | 0.5 | $0 |
Corliss Graves Manager | Officer | 40 | $53,002 |
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 | $413,123 |
| Investment income | $56,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,419 |
| 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 | $471,338 |
| 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. | $55,180 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,486 |
| Pension plan accruals and contributions | $5,548 |
| Other employee benefits | $28,563 |
| Payroll taxes | $11,697 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $458 |
| Fees for services: Accounting | $47,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,195 |
| Advertising and promotion | $10,755 |
| Office expenses | $47,806 |
| Information technology | $43,494 |
| Royalties | $0 |
| Occupancy | $31,071 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,767 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,909 |
| Insurance | $8,383 |
| All other expenses | $1,202 |
| Total functional expenses | $457,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,223 |
| Savings and temporary cash investments | $3,834,114 |
| 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 | $6,557,270 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,755 |
| Net Land, buildings, and equipment | $119,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $961,873 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $141,961 |
| Total assets | $11,839,848 |
| Accounts payable and accrued expenses | $34,931 |
| 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 | $10,762,143 |
| Total liabilities | $10,797,074 |
| 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 | $1,042,774 |
| Total liabilities and net assets/fund balances | $11,839,848 |