Frontier Community Credit Union
- Assets
- $209.2m
- Revenue
- $11.9m
- Investments
- $9.2m
- Employees
- 85
- Location
- Leavenworth, KS
- Founding
- Data as of
- 12/2023
- EIN
- 48-0663659
Organization Overview
Frontier Community Credit Union is located in Leavenworth, KS. As of 12/2023, Frontier Community Credit Union employed 85 individuals. Frontier Community 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, Frontier Community Credit Union generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $12.5m during the year ending 12/2023. While expenses have increased by 12.7% 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 2018, Frontier Community Credit Union has awarded 16 individual grants totaling $154,600. 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
AS A MEMBER OWNED FINANCIAL COOPERATIVE, OUR MISSION IS: TO PROVIDE FINANCIAL PRODUCTS AND SERVICES IN A PROFESSIONAL, FRIENDLY, AND CONVENIENT ATMOSPHERE THROUGH INNOVATION, TECHNOLOGY, AND COST EFFECTIVE PRODUCTS. TO ENCOURAGE AND EDUCATE OUR MEMBERS IN METHODS TO MANAGE AND CONTROL THEIR FINANCIAL WELL BEING. TO APPLY SAFE AND SOUND FINANCIAL MANAGEMENT POLICIES TO ENSURE THE CREDIT UNION'S CONTINUED GROWTH, BY MAINTAINING ADEQUATE OPERATING CONTROLS, CAPITAL RESERVES, AND LIQUIDITY AT ALL TIMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 17,748 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 13,803 LOANS OUTSTANDING TOTALING $152,074,956.
PAID DIVIDENDS AND INTEREST ON DEPOSITS TOTALING $2,344,241 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Heinen Chairman | Trustee | 1 | $0 |
Donald Homan Vice Chairman | Trustee | 1 | $0 |
Judy Guenther Secretary/treasurer | Trustee | 1 | $0 |
Curtis Gilfert Director | Trustee | 1 | $0 |
Jeff Porter Director | Trustee | 1 | $0 |
David Nester Director | 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 | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $11,193,799 |
| Investment income | $803,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $30,417 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$152,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,877,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $48,699 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $735,039 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,633,130 |
| Pension plan accruals and contributions | $86,597 |
| Other employee benefits | $205,447 |
| Payroll taxes | $246,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,883 |
| Fees for services: Accounting | $68,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,632 |
| Fees for services: Other | $311,318 |
| Advertising and promotion | $424,025 |
| Office expenses | $1,591,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $411,938 |
| Travel | $146,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,270 |
| Interest | $108,995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $470,135 |
| Insurance | $94,793 |
| All other expenses | $197,684 |
| Total functional expenses | $12,523,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,854,401 |
| Savings and temporary cash investments | $24,891,658 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $4,771,080 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $152,176,948 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $643,276 |
| Net Land, buildings, and equipment | $11,239,866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,185,530 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,460,793 |
| Total assets | $209,223,552 |
| Accounts payable and accrued expenses | $2,869,911 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $32,329 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $182,707,692 |
| Total liabilities | $191,609,932 |
| 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 | $17,613,620 |
| Total liabilities and net assets/fund balances | $209,223,552 |
Grants Awarded
Over the last fiscal year, Frontier Community Credit Union has awarded $18,944 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEAVENWORTH INTERFAITH COMMUNITY OF HOPE INC PURPOSE: SUPPORT THE EFFORTS TO IMPROVE THE QUALITY OF LIFE FOR THE HOMELESS IN THE COMMUNITY | $12,400 |
TEAM FIDELIS INC PURPOSE: SUPPORT THE EFFORTS TO END THE EPIDEMIC OF VETERAN SUICIDE BY RAISING AWARENESS, PROVIDING A BRIDGE OF HOPE AND BUILDING CAMARADERIE BETWEEN VETERANS AND THEIR COMMUNITY | $6,544 |