crossroads credit union
- Assets
- $12.2m
- Revenue
- $422.0k
- Investments
- $0.0
- Employees
- 3
- Location
- goessel, KS
- Founding
- Data as of
- 12/2022
- EIN
- 48-0624933
Organization Overview
crossroads credit union is located in goessel, KS. As of 12/2022, crossroads credit union employed 3 individuals. crossroads 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, crossroads credit union generated $422.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $292.5k during the year ending 12/2022. While expenses have increased by 7.5% per year over the past 3 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
PROVIDER OF FINANCIAL SERVICES FOR MUTUAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL AND FINANCIALLY RELATED SERVICES TO 1068 MEMBERS
PROVIDE A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST
PROVIDE CREDIT LIFE AND CREDIT DISABILITY AS WELL AS GAP AND WARRANTY LOAN PROTECTION PROGRAMS AT A FAIR AND REASONABLE RATE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Schrag Manager | Officer | 40 | $52,000 |
Zane Unrau Director | Trustee | 1 | $0 |
Kevin Klassen Director | Trustee | 1 | $0 |
Kristie Graber Director | Trustee | 1 | $0 |
Billie Goossen Director | Trustee | 1 | $0 |
Corey Heck Director | Officer | 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 | $377,268 |
| Investment income | $44,726 |
| 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 | $421,994 |
| 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. | $68,898 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,915 |
| Pension plan accruals and contributions | $3,210 |
| Other employee benefits | $16,311 |
| Payroll taxes | $8,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,609 |
| Fees for services: Accounting | $5,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,000 |
| Fees for services: Other | $180 |
| Advertising and promotion | $2,579 |
| Office expenses | $51,271 |
| Information technology | $6,900 |
| Royalties | $0 |
| Occupancy | $9,483 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,248 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299 |
| Insurance | $8,005 |
| All other expenses | -$19,845 |
| Total functional expenses | $292,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,278 |
| Savings and temporary cash investments | $4,412,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $159,253 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,644,690 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,733 |
| Net Land, buildings, and equipment | $14,655 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $880,875 |
| Intangible assets | $0 |
| Other assets | $2,551 |
| Total assets | $12,192,994 |
| Accounts payable and accrued expenses | $33,809 |
| 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 | $10,337,609 |
| Total liabilities | $10,371,418 |
| 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 | $1,821,576 |
| Total liabilities and net assets/fund balances | $12,192,994 |