Bell Credit Union
- Assets
- $19.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Hutchinson, KS
- Founding
- Data as of
- 12/2021
- EIN
- 48-0572498
Organization Overview
Bell Credit Union is located in Hutchinson, KS. As of 12/2021, 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 12/2021, Bell Credit Union generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $975.3k during the year ending 12/2021. While expenses have increased by 9.5% 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
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 1,931 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 1,832 LOANS OUTSTANDING TOTALING $14,131,762.
BELL CREDIT UNION PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $151,659 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Miller President | Officer | 45 | $59,135 |
Sharon Thornhill Vice President | Officer | 42 | $49,788 |
Linda Corwin Director | Trustee | 1 | $194 |
Rex Nelson Vice Chairman | Trustee | 1 | $0 |
Faye Summervill Chairman | Trustee | 1 | $0 |
Brian Adams 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 | $979,370 |
| Investment income | $32,293 |
| 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 | $1,011,663 |
| 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. | $124,868 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,302 |
| Pension plan accruals and contributions | $3,243 |
| Other employee benefits | $25,453 |
| Payroll taxes | $16,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,236 |
| Fees for services: Accounting | $4,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,858 |
| Office expenses | $162,366 |
| Information technology | $71,115 |
| Royalties | $0 |
| Occupancy | $25,545 |
| Travel | $530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,774 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,986 |
| Insurance | $17,234 |
| All other expenses | $0 |
| Total functional expenses | $975,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,112 |
| Savings and temporary cash investments | $4,660,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,603 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,977,643 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,589 |
| Net Land, buildings, and equipment | $135,821 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $213,559 |
| Total assets | $19,100,384 |
| Accounts payable and accrued expenses | $44,753 |
| 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 | $17,131,390 |
| Total liabilities | $17,176,143 |
| 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 | $1,924,241 |
| Total liabilities and net assets/fund balances | $19,100,384 |
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