Montana Credit Unions League
- Assets
- $1.9m
- Revenue
- $1.8m
- Investments
- $742.1k
- Employees
- 11
- Location
- Helena, MT
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 81-0240316
Organization Overview
Montana Credit Unions League is located in Helena, MT. The organization was established in 2012. 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 12/2021, Montana Credit Unions League employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Credit Unions League is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Montana Credit Unions League generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE VITALITY OF AFFILIATED CREDIT UNIONS BY PROVIDING PROGRAMS AND SERVICES TO ENHANCE THEIR ABILITY TO SUCCESSFULLY MEET THE MEMBERS NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES INCLUDING PUBLICATION OF NEWSLETTERS, CONSULTING SERVICES TO MEMBER CREDIT UNIONS, MONITORING LEGISLATION CONCERNING CREDIT UNIONS, AND PRESENTATION OF SEMINARS FOR MEMBER CREDIT UNIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracie Kenyon CEO | OfficerTrustee | 40 | $279,008 |
Karen Smith Svp-Chief Advocacy Officer | 40 | $101,595 | |
Jeremy Presta Vice-Chairman | OfficerTrustee | 1 | $0 |
Tom Boos Chairman | OfficerTrustee | 1 | $0 |
Leslie Womack Secretary | OfficerTrustee | 1 | $0 |
Annamarie Deyoung 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,734,978 |
| Investment income | $11,881 |
| 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 | $1,802,838 |
| 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. | $310,675 |
| Compensation of current officers, directors, key employees. | $186,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $523,361 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $246,450 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,547 |
| Fees for services: Accounting | $20,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $34,844 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,717 |
| Travel | $37,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,562 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,027 |
| Insurance | $17,505 |
| All other expenses | $53,932 |
| Total functional expenses | $1,732,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,537 |
| Savings and temporary cash investments | $100,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,786 |
| 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 | $204,951 |
| Net Land, buildings, and equipment | $15,962 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $742,068 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,224 |
| Total assets | $1,858,528 |
| Accounts payable and accrued expenses | $62,456 |
| 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 | $343,374 |
| Total liabilities | $405,830 |
| Net assets without donor restrictions | $1,452,698 |
| 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 | $1,858,528 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Financial Credit Union Billings, MT | $409,425,878 | $18,570,812 |
North Star Community Credit Union Maddock, ND | $392,799,949 | $17,250,607 |
Western Cooperative Credit Union Williston, ND | $421,229,193 | $14,078,425 |
Dakota West Credit Union Watford City, ND | $299,186,425 | $10,075,740 |
Hometown Credit Union Kulm, ND | $173,811,204 | $7,279,948 |
Railway Credit Union Mandan, ND | $154,111,125 | $5,898,614 |
Freedom Northwest Credit Union Fnwcu Kamiah, ID | $115,276,651 | $6,093,834 |
Dakota Plains Credit Union Edgeley, ND | $89,884,808 | $4,324,040 |
Vue Community Credit Union Bismarck, ND | $89,086,872 | $3,143,436 |
Community Credit Union New Rockford, ND | $188,852,038 | $2,628,740 |
Montana Credit Unions League Helena, MT | $1,858,528 | $1,802,838 |
Area Schools Credit Union Grand Forks, ND | $27,129,124 | $1,280,242 |