Campus Credit Union
- Assets
- $32.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Wichita, KS
- Founding
- Data as of
- 12/2023
- EIN
- 48-0590368
Organization Overview
Campus Credit Union is located in Wichita, KS. As of 12/2023, Campus Credit Union employed 22 individuals. Campus 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, Campus Credit Union generated $2.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 5.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATES SERVICES TO 4,547 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 2,009 LOANS OUTSTANDING TOTALING $24,375,808.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $216,406 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Craft Chairperson | Trustee | 2 | $0 |
Lisa Clancy Vice Chairperson | Trustee | 1 | $0 |
Kevin Crabtree Secretary | Trustee | 2 | $0 |
Chris Cavanaugh Treasurer | Trustee | 1 | $0 |
Rich Renollet Director | Trustee | 1 | $0 |
Jeanne Patton 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 | $1,789,780 |
| Investment income | $230,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,775 |
| 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 | $2,023,601 |
| 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. | $157,466 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $655,234 |
| Pension plan accruals and contributions | $10,272 |
| Other employee benefits | $85,354 |
| Payroll taxes | $63,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,540 |
| Fees for services: Accounting | $25,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,500 |
| Fees for services: Other | $36,052 |
| Advertising and promotion | $37,427 |
| Office expenses | $302,344 |
| Information technology | $26,196 |
| Royalties | $0 |
| Occupancy | $68,799 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,115 |
| Interest | $11,371 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,157 |
| Insurance | $24,353 |
| All other expenses | $8,328 |
| Total functional expenses | $2,498,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,426 |
| Savings and temporary cash investments | $6,613,907 |
| 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 | $23,606,684 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,426 |
| Net Land, buildings, and equipment | $1,277,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $483,880 |
| Total assets | $32,363,776 |
| Accounts payable and accrued expenses | $141,410 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,393 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $222,146 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,601,417 |
| Total liabilities | $28,967,366 |
| 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 | $3,396,410 |
| Total liabilities and net assets/fund balances | $32,363,776 |