United Credit Union
- Assets
- $0.0
- Revenue
- $22.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Ness City, KS
- Founding
- Data as of
- 01/2023
- EIN
- 48-6112244
Organization Overview
United Credit Union is located in Ness City, KS. As of 12/2022, United Credit Union employed 4 individuals. United 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 01/2023, United Credit Union generated $22.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $23.0k during the year ending 01/2023. As we would expect to see with falling revenues, expenses have declined by (22.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THRIFT AMONG THE MEMBERS/OWNERS; PROVIDE FRIENDLY, COURTEOUS AND PROFESSIONAL SERVICE; OFFER LOANS & SAVINGS AT REASONABLE RATES; OPERATE THE CREDIT UNION IN THE BEST INTEREST OF ALL; STRIVE TO MAINTAIN THE CREDIT UNION PHILOSOPHY OF PEOPLE HELPING PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL AND FINANCIALLY RELATED SERVICES TO 909 MEMBERS.
PROVIDE FINANCIAL AND FINANCIALLY RELATED SERVICES TO 909 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, THERE WERE 224 LOANS OUTSTANDING TOTALING $2,564,010.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF JANUARY 31, 2023, LOANS OUTSTANDING TOTALED $2,644,422.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $11,716 FOR THE YEAR.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $1,116 FOR THE PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Hamilton Chairperson | Trustee | 1 | $0 |
Derric Fuchs Vice Chairperson | Trustee | 1 | $0 |
Jennifer Foos Secretary/treasurer | Trustee | 1 | $0 |
Adam Healzer Director | Trustee | 1 | $0 |
Stephanie Jan Rider Director | Trustee | 1 | $0 |
Sandy L Reinert Manager | Officer | 40 | $37,123 |
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 | $13,055 |
| Investment income | $8,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $953 |
| 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 | $22,715 |
| 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 | $884 |
| Compensation of current officers, directors, key employees. | $3,221 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,764 |
| Pension plan accruals and contributions | $132 |
| Other employee benefits | $12,663 |
| Payroll taxes | $17 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $152 |
| Office expenses | $4,596 |
| Information technology | $2,041 |
| Royalties | $0 |
| Occupancy | $646 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,383 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312 |
| Insurance | $0 |
| All other expenses | $33 |
| Total functional expenses | $22,982 |
| 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 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |