Mid-Kansas Credit Union is located in Moundridge, KS. As of 12/2022, Mid-Kansas Credit Union employed 22 individuals. Mid-Kansas 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, Mid-Kansas Credit Union generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 5.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SERVICES FOR MUTUAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE A SOURCE OF CREDIT AND OTHER FINANCIAL SERVICES FOR OUR 4,154 MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brandon Unruh Loan Manager | 45 | $122,078 | |
Gary Duerksen Manager | Officer | 40 | $109,887 |
Bret Gillmore Secretary/treasurer | OfficerTrustee | 2 | $0 |
Elaine Schmidt Vice-Chairman | OfficerTrustee | 1 | $0 |
Adam Robb Chairman | OfficerTrustee | 2 | $0 |
Arlyn Nightingale Director | Trustee | 1 | $0 |
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 | $2,879,204 |
Investment income | $208,352 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $260 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,087,816 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $942,833 |
Pension plan accruals and contributions | $65,385 |
Other employee benefits | $236,755 |
Payroll taxes | $71,018 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $46,596 |
Office expenses | $475,570 |
Information technology | $53,492 |
Royalties | $0 |
Occupancy | $119,060 |
Travel | $8,655 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $28,917 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $190,908 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $2,861,464 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $924,052 |
Savings and temporary cash investments | $0 |
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 | $58,988,789 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $2,391,809 |
Investments—publicly traded securities | $9,034,256 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,864,474 |
Total assets | $75,203,380 |
Accounts payable and accrued expenses | $122,555 |
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 | $70,025,307 |
Total liabilities | $70,147,862 |
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 | $5,055,518 |
Total liabilities and net assets/fund balances | $75,203,380 |