Azura Credit Union
- Assets
- $682.7m
- Revenue
- $34.0m
- Investments
- $138.1m
- Employees
- 214
- Location
- Topeka, KS
- Founding
- 01/1979
- Data as of
- 12/2021
- EIN
- 48-0625190
Organization Overview
Azura Credit Union is located in Topeka, KS. The organization was established in 1979. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Azura Credit Union employed 214 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Azura 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, Azura Credit Union generated $34.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $24.3m during the year ending 12/2021. While expenses have increased by 14.9% 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.
Since 2020, Azura Credit Union has awarded 29 individual grants totaling $363,638. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AZURA IS ENHANCING LIVES BY DELIVERING INNOVATIVE FINANCIAL SERVICE, EDUCATION, AND VALUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 58,187 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 32,022 MEMBER LOANS OUTSTANDING TOTALING $455,603,830.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $3,798,506 FOR THE YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Winkler President/ceo | Officer | 40 | $315,497 |
Lisa Brown Svp-Administration/cao | Officer | 40 | $176,098 |
Brentt Moon Svp-Operations & Systems/cio | Officer | 40 | $172,131 |
Sheryl Dick Svp-Member Services/cro | Officer | 40 | $161,665 |
Evan Bounous Vp-Information Security & Technology | 40 | $141,205 | |
Janice Davis Vp-Lending | 40 | $132,366 |
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 | $32,723,153 |
| Investment income | $1,185,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $49,156 |
| 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 | $33,958,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $124,548 |
| Grants and other assistance to domestic individuals. | $14,822 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $992,003 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,560,613 |
| Pension plan accruals and contributions | $402,021 |
| Other employee benefits | $763,523 |
| Payroll taxes | $610,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,719 |
| Fees for services: Accounting | $192,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,780 |
| Fees for services: Other | $272,270 |
| Advertising and promotion | $781,635 |
| Office expenses | $3,415,304 |
| Information technology | $1,730,768 |
| Royalties | $0 |
| Occupancy | $807,595 |
| Travel | $34,894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145,647 |
| Interest | $5 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $778,986 |
| Insurance | $121,663 |
| All other expenses | $84,138 |
| Total functional expenses | $24,261,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,067,894 |
| Savings and temporary cash investments | $52,530,586 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,456,906 |
| Loans from Officers, Directors, or Controlling Persons | $4,067,776 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $454,466,954 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $839,286 |
| Net Land, buildings, and equipment | $11,189,153 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $138,110,519 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,974,269 |
| Total assets | $682,703,343 |
| Accounts payable and accrued expenses | $5,999,359 |
| 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 | $603,697,460 |
| Total liabilities | $609,696,819 |
| 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 | $73,006,524 |
| Total liabilities and net assets/fund balances | $682,703,343 |
Grants Awarded
Over the last fiscal year, Azura Credit Union has awarded $124,548 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Topeka, KS PURPOSE: PARK UPGRADES | $30,000 |
Topeka, KS PURPOSE: SERVICES AND SUPPORT FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES | $21,501 |
MILITARY VETERAN PROJECT INC PURPOSE: PREVENTION OF MILITARY SUICIDE THROUGH TREATMENT AND RESEARCH | $17,896 |
Topeka, KS PURPOSE: HOMELESS SHELTER AND ASSISTANCE | $14,433 |
Topeka, KS PURPOSE: YOUTH PROGRAMS | $9,764 |
Kansas City, MO PURPOSE: FOOD PANTRY | $9,322 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meritrust Credit Union Wichita, KS | $1,281,507,668 | $48,306,293 |
True Sky Credit Union Oklahoma City, OK | $831,301,668 | $47,281,663 |
Weokie Federal Credit Union Oklahoma City, OK | $1,024,486,254 | $42,986,888 |
Golden Plains Credit Union Garden City, KS | $831,027,454 | $40,747,458 |
Credit Union Of Denver Lakewood, CO | $1,142,313,148 | $39,919,680 |
Oklahomas Credit Union Oklahoma City, OK | $721,352,699 | $32,235,785 |
Azura Credit Union Topeka, KS | $682,703,343 | $33,958,013 |
Millennium Corporate Credit Union Wichita, KS | $1,676,715,852 | $44,466,623 |
Oklahoma Central Credit Union Tulsa, OK | $713,131,238 | $26,539,012 |
Liberty First Credit Union Lincoln, NE | $400,479,429 | $27,721,129 |
Heartland Credit Union Hutchinson, KS | $477,723,732 | $30,631,369 |
Sooper Credit Union Arvada, CO | $541,418,878 | $25,522,076 |