Cooperative Credit Union
- Assets
- $21.5m
- Revenue
- $755.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Coffeyville, KS
- Founding
- Data as of
- 12/2021
- EIN
- 48-0577273
Organization Overview
Cooperative Credit Union is located in Coffeyville, KS. As of 12/2021, Cooperative Credit Union employed 7 individuals. Cooperative 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, Cooperative Credit Union generated $755.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $743.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE FINANCIAL SERVICE LEADER IN OUR COMMUNITY AND MEMBERSHIP AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 3,204 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 617 MEMBER LOANS OUTSTANDING TOTALING $8,152,094.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $71,463 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyle Martin President | Officer | 70 | $88,746 |
Clyde Kastler Chairperson | Trustee | 1 | $0 |
Sharon Caulkins Secretary/treasurer | Trustee | 1 | $0 |
Alene Morrison Vice Chairperson | Trustee | 1 | $0 |
Jack Artherton Board Member | Trustee | 1 | $0 |
Christopher Bookter Board Member | 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 | $656,428 |
| Investment income | $92,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,584 |
| 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 | $755,183 |
| 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. | $109,167 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,723 |
| Pension plan accruals and contributions | $8,009 |
| Other employee benefits | $41,078 |
| Payroll taxes | $19,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,611 |
| Advertising and promotion | $20,868 |
| Office expenses | $50,472 |
| Information technology | $70,819 |
| Royalties | $0 |
| Occupancy | $39,979 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,211 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,490 |
| Insurance | $21,334 |
| All other expenses | -$1,150 |
| Total functional expenses | $743,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,147 |
| Savings and temporary cash investments | $11,089,866 |
| 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 | $9,155,398 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,128 |
| Net Land, buildings, and equipment | $378,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $296,906 |
| Total assets | $21,455,261 |
| Accounts payable and accrued expenses | -$19,279 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $14,230 |
| 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 | $18,864,502 |
| Total liabilities | $18,859,453 |
| 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 | $2,595,808 |
| Total liabilities and net assets/fund balances | $21,455,261 |
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