Mcpherson Co-Op Credit Union
- Assets
- $45.4m
- Revenue
- $1.8m
- Investments
- $1.1m
- Employees
- 14
- Location
- Mcpherson, KS
- Founding
- Data as of
- 12/2022
- EIN
- 48-6107405
Organization Overview
Mcpherson Co-Op Credit Union is located in Mcpherson, KS. As of 12/2022, Mcpherson Co-Op Credit Union employed 14 individuals. Mcpherson Co-Op 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, Mcpherson Co-Op Credit Union generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 8 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
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 3,326 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, MEMBER LOANS OUTSTANDING TOTALED $38,865,666. THE CREDIT UNION HAS HAD GREAT SUCCESS WITH ONE-ON-ONE FINANCIAL COUNSELING DURING INFLATIONARY TIMES, KEEPING DELINQUENCY EXTREMELY LOW.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $217,727 FOR THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Deister Chairperson | Trustee | 1 | $0 |
Jim Bontrager Secretary | Trustee | 1 | $0 |
Audrey Miller Treasurer | Trustee | 1 | $0 |
Eileen Johnson Board Member | Trustee | 1 | $0 |
Brenda Kliewer President/ceo | Officer | 60 | $108,574 |
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 | $1,773,347 |
| Investment income | $39,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,069 |
| 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 | $1,818,201 |
| 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. | $115,161 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $483,655 |
| Pension plan accruals and contributions | $15,588 |
| Other employee benefits | $54,420 |
| Payroll taxes | $46,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,879 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,655 |
| Advertising and promotion | $4,643 |
| Office expenses | $213,520 |
| Information technology | $36,371 |
| Royalties | $0 |
| Occupancy | $121,185 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,332 |
| Interest | $11,948 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,361 |
| Insurance | $41,601 |
| All other expenses | $23,996 |
| Total functional expenses | $1,775,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,818 |
| Savings and temporary cash investments | $1,728,284 |
| 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 | $38,817,928 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $67,624 |
| Net Land, buildings, and equipment | $2,803,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,084,277 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $510,410 |
| Total assets | $45,414,080 |
| Accounts payable and accrued expenses | $64,203 |
| 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 | $296,485 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,825,615 |
| Total liabilities | $42,186,303 |
| 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 | $3,227,777 |
| Total liabilities and net assets/fund balances | $45,414,080 |