Azura Credit Union
- Assets
- $784.3m
- Revenue
- $49.8m
- Investments
- $112.4m
- Employees
- 233
- Location
- Topeka, KS
- Founding
- 01/1979
- Data as of
- 12/2023
- 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 12/2023, Azura Credit Union employed 233 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 12/2023, Azura Credit Union generated $49.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $45.3m during the year ending 12/2023. While expenses have increased by 19.4% 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.
Since 2020, Azura Credit Union has awarded 38 individual grants totaling $516,277. 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
2023
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 62,615 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 38,017 LOANS OUTSTANDING TOTALING $568,770,753, INCLUDING LOAN PARTICIPATIONS.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $8,461,376 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Deiter Chairman | Trustee | 2 | $0 |
Jim Frownfelter Vice Chairman | Trustee | 2 | $0 |
Shirley Martin Treasurer | Trustee | 2 | $0 |
Marcia Dechand Secretary | Trustee | 2 | $0 |
Robert Balsters Director | Trustee | 2 | $0 |
Tina Freese Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dbsi General Contractor | 12/30/23 | $3,035,045 |
Senne Company General Contractor | 12/30/23 | $1,781,327 |
Ncr Corporation Atm/itm/internet Banking Provider | 12/30/23 | $1,237,928 |
Visa Debit/credit Card Provider | 12/30/23 | $870,334 |
Fiserv Core Software Provider | 12/30/23 | $684,274 |
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 | $45,697,872 |
| Investment income | $4,039,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $57,145 |
| 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 | $49,794,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $162,568 |
| Grants and other assistance to domestic individuals. | $24,544 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,682,353 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,345,987 |
| Pension plan accruals and contributions | $483,542 |
| Other employee benefits | $1,095,221 |
| Payroll taxes | $873,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,163 |
| Fees for services: Accounting | $239,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,020 |
| Fees for services: Other | $719,983 |
| Advertising and promotion | $1,383,492 |
| Office expenses | $5,065,547 |
| Information technology | $2,353,346 |
| Royalties | $0 |
| Occupancy | $1,067,454 |
| Travel | $47,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $221,538 |
| Interest | $1,715,471 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,223,433 |
| Insurance | $184,188 |
| All other expenses | $96,809 |
| Total functional expenses | $45,279,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,275,260 |
| Savings and temporary cash investments | $53,885,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,546,035 |
| Loans from Officers, Directors, or Controlling Persons | $5,886,776 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $560,330,125 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,524,338 |
| Net Land, buildings, and equipment | $20,639,756 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $112,440,044 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,812,848 |
| Total assets | $784,341,030 |
| Accounts payable and accrued expenses | $9,266,909 |
| 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 | $38,098,924 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $656,983,477 |
| Total liabilities | $704,349,310 |
| 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 | $79,991,720 |
| Total liabilities and net assets/fund balances | $784,341,030 |
Grants Awarded
Over the last fiscal year, Azura Credit Union has awarded $141,567 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF TOPEKA PURPOSE: YOUTH PROGRAMS | $15,902 |
GREATER TOPEKA PARTNERSHIP FOUNDATION PURPOSE: BETTERMENT OF THE TOPEKA AREA | $10,000 |
HARVESTERS-THE COMMUNITY FOOD NETWORK PURPOSE: FOOD PANTRY | $23,106 |
MILITARY VETERAN PROJECT INC PURPOSE: PREVENTION OF MILITARY SUICIDE THROUGH TREATMENT AND RESEARCH | $24,027 |
SUPPORTING KIDS FOUNDATION PURPOSE: FINANCIAL SUPPORT FOR FAMILIES BATTLING CHILDHOOD CANCER | $10,528 |
TARC INC PURPOSE: SERVICES AND SUPPORT FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES | $24,692 |