Alpine Community Credit Union
- Assets
- $15.4m
- Revenue
- $522.3k
- Investments
- $8.9m
- Employees
- 5
- Location
- Alpine, TX
- Founding
- 06/1976
- Data as of
- 12/2019
- EIN
- 74-1464048
Organization Overview
Alpine Community Credit Union is located in Alpine, TX. The organization was established in 1976. 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 12/2019, Alpine Community Credit Union employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Alpine 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 12/2019, Alpine Community Credit Union generated $522.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $461.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE MEMBERS TO SAVE IN A STABLE MARKET AND GIVE MEMBERS THE OPPORTUNITY TO ACQUIRE LOANS AT A FAIR INTEREST RATE TO IMPROVE THEIR ECONOMIC CONDITION. WE ALSO PROVIDE SERVICES SUCH AS CHECKING, DEBIT CARD, ETC. FOR OUR MEMBERS' CONVENIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALPINE COMMUNITY CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION FOR THE PURPOSE OF ENCOURAGING SAVINGS AMONG OUR MEMBERS. WE PROVIDE OUR MEMBERS THE OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnny Llanez Cu Director | Officer | 50 | $41,580 |
Joe Martinez Board Director | Trustee | 0 | $0 |
Rita Gordon Board Director | Trustee | 0 | $0 |
Lori Franco Vice Chairperson | Trustee | 0 | $0 |
Ruth Macias Board Direcotr | Trustee | 0 | $0 |
Leticia Gonzalez Board Director | Trustee | 0 | $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 | $303,411 |
| Investment income | $218,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $522,334 |
| 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. | $41,580 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,453 |
| Pension plan accruals and contributions | $4,690 |
| Other employee benefits | $49,314 |
| Payroll taxes | $12,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,635 |
| Office expenses | $51,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,885 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,878 |
| Payments to affiliates | $21,738 |
| Depreciation, depletion, and amortization | $2,287 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $461,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,079,261 |
| Savings and temporary cash investments | $1,495,853 |
| 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 | $3,762,642 |
| Inventories for sale or use | $5,012 |
| Prepaid expenses and deferred charges | $9,905 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,898,759 |
| Investments—program-related | $132,182 |
| Intangible assets | $0 |
| Other assets | $34,421 |
| Total assets | $15,418,035 |
| Accounts payable and accrued expenses | $31,442 |
| 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 | $31,442 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $13,672,658 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,713,935 |
| Total liabilities and net assets/fund balances | $15,418,035 |
Peer Organizations
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|---|---|---|
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Intouch Credit Union Plano, TX | $1,046,983,946 | $47,406,759 |
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Firstmark Credit Union San Antonio, TX | $1,229,967,544 | $50,715,745 |
True Sky Credit Union Oklahoma City, OK | $831,301,668 | $47,281,663 |
United Heritage Credit Union Austin, TX | $1,405,950,790 | $55,051,200 |
First Service Credit Union Houston, TX | $855,098,387 | $54,328,304 |
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