Bell Credit Union

Organization Overview

Bell Credit Union is located in Hutchinson, KS. As of 12/2023, Bell Credit Union employed 7 individuals. Bell 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 12/2023, Bell Credit Union generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

IT IS OUR VISION TO EXCEED ALL EXPECTATIONS AND BE TOTALLY COMMITTED TO THE SERVICE OF OUR MEMBERS AND THE FINANCIAL SOUNDNESS OF THE CREDIT UNION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 2,067 MEMBERS.


PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 2,089 LOANS OUTSTANDING TOTALING $17,967,885.


BELL CREDIT UNION PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $427,353 FOR THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Sharon Thornhill
Vice President
$49,729
Crystal Miller
President
$63,240
Linda Corwin
Director
$30
Faye Summervill
Chairman
$0
Lena Kisner
Director
$0
Matt Sloan
Director
$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$1,371,200
Investment income $60,518
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 $1,431,718

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