Credit Union Of Leavenworth County
- Assets
- $0.0
- Revenue
- $231.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Lansing, KS
- Founding
- Data as of
- 10/2018
- EIN
- 48-0632570
Organization Overview
Credit Union Of Leavenworth County is located in Lansing, KS. As of 10/2018, Credit Union Of Leavenworth County employed 5 individuals. Credit Union Of Leavenworth County 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 10/2018, Credit Union Of Leavenworth County generated $231.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $279.9k during the year ending 10/2018. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 3 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE INTENT OF THE CREDIT UNION OF LEAVENWORTH COUNTY (CULC) TO PROVIDE SERVICES AVAILABLE TO THE MEMBERSHIP SO THAT IT CAN MEET THE NEEDS OF THE MEMBERS AND CONTINUE TO BE A VIABLE, EFFECTIVE, EFFICIENT, AND COMPETITIVE FINANCIAL INSTITUTION. CULC IS A NOT-FOR-PROFIT, NOT-FOR-CHARITY, BUT A FOR-SERVICE ORGANIZATION.THE CREDIT UNION OF LEAVENWORTH COUNTY WILL PROVIDE SERVICES THAT WILL BENEFIT THE MEMBERS, WILL INVEST IN FUNDS THAT ARE LOW IN RISK, PROVIDE FOR LIQUIDITY AND PRODUCE NET INCOME, AND CONTINUE TO DEVELOP AN ADEQUATE RESERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 1,188 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF OCTOBER 31, 2018, LOANS OUTSTANDING TOTALED $4,027,781.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $9,025 FOR THE PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Jump Manager/treasurer | OfficerTrustee | 40 | $38,712 |
Grant Walkup President | Trustee | 1 | $0 |
Bob Ballou Vice President | Trustee | 1 | $0 |
Sharon Scanlon Secretary | Trustee | 1 | $0 |
Larry Parks Director At-Large | 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 | $192,201 |
| Investment income | $44,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,046 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,703 |
| 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. | $40,647 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,880 |
| Pension plan accruals and contributions | $2,888 |
| Other employee benefits | $0 |
| Payroll taxes | $7,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $7,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $861 |
| Advertising and promotion | $150 |
| Office expenses | $66,561 |
| Information technology | $6,007 |
| Royalties | $0 |
| Occupancy | $14,369 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,169 |
| Insurance | $14,659 |
| All other expenses | $12,115 |
| Total functional expenses | $279,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |