Lewis Clark Credit Union
- Assets
- $240.5m
- Revenue
- $15.1m
- Investments
- $17.1m
- Employees
- 49
- Location
- Lewiston, ID
- Founding
- Data as of
- 12/2023
- EIN
- 82-0215955
Organization Overview
Lewis Clark Credit Union is located in Lewiston, ID. As of 12/2023, Lewis Clark Credit Union employed 49 individuals. Lewis Clark 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, Lewis Clark Credit Union generated $15.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $13.2m during the year ending 12/2023. While expenses have increased by 19.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE OUR MEMBER'S FAVORITE FINANCIAL INSTITUTION BY HELPING THEM ACHIEVE FINANCIAL SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEWIS CLARK CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION LOCATED IN NORTH IDAHO PROVIDING FINANCIAL SERVICES INCLUDING: SAVINGS ACCOUNTS, CHECKING ACCOUNTS, MONEY MARKET ACCOUNTS, CERTIFICATES OF DEPOSIT, AND AFFORDABLE CREDIT LOANS TO ITS MEMBERS. LCCU SERVES 20,120 MEMBERS IN NORTH IDAHO AND EASTERN WASHINGTON. LCCU IS A CDFI CERTIFIED INSTITUTION FOCUSED ON MAKING AFFORDABLE CREDIT LOANS TO THE UNDERSERVED LOW INCOME TRACTS IN THE COMMUNITIES IT SERVES. BESIDES FINANCIALS SERVICES, LCCU HAS AWARDED TEACHER GRANTS, SCHOLARSHIPS, AND SPONSORSHIPS TO HELP BETTER THE FUTURE OF ITS MEMBERS AND THE COMMUNITIES IT SERVES. (CONTINUED ON SCHEDULE O).IN 2023, THE CREDIT UNION SAW STRONG GROWTH IN MEMBERS, DEPOSITS, AND LOANS THROUGH THE END OF THE COVID PANDEMIC AND THE BEGINNING STAGES OF HISTORIC INTEREST RATE INCREASES. THE CREDIT UNION CONTINUED TO EXPERIENCE ASSET GROWTH THROUGHOUT 2023, RESULTING IN A REGULATORY NET WORTH OF 11.50% AT YEAR-END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherri Kumm Board Chair | OfficerTrustee | 2 | $0 |
Katy Miller Vice Chair | OfficerTrustee | 2 | $0 |
Christina Metcalf Secretary/treasurer | OfficerTrustee | 2 | $0 |
Susan Clark Director | Trustee | 2 | $0 |
Gary Groff Director | Trustee | 2 | $0 |
Rebecca Sarmiento Director | Trustee | 2 | $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 | $14,071,170 |
| Investment income | $1,018,250 |
| 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 | $15,089,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,188 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $930,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,475,478 |
| Pension plan accruals and contributions | $347,395 |
| Other employee benefits | $505,003 |
| Payroll taxes | $231,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,677 |
| Fees for services: Accounting | $54,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,067,439 |
| Advertising and promotion | $410,471 |
| Office expenses | $2,072,910 |
| Information technology | $118,525 |
| Royalties | $0 |
| Occupancy | $257,909 |
| Travel | $102,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $377,565 |
| Insurance | $98,958 |
| All other expenses | $0 |
| Total functional expenses | $13,178,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,472,041 |
| Savings and temporary cash investments | $17,100,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,942 |
| Loans from Officers, Directors, or Controlling Persons | $1,404,567 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $187,252,091 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $796,433 |
| Net Land, buildings, and equipment | $8,757,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,138,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,611,861 |
| Total assets | $240,536,303 |
| Accounts payable and accrued expenses | $387,454 |
| 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 | $218,597,884 |
| Total liabilities | $218,985,338 |
| 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 | $21,550,965 |
| Total liabilities and net assets/fund balances | $240,536,303 |
Grants Awarded
Over the last fiscal year, Lewis Clark Credit Union has awarded $42,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF THE LEWIS CLARK VALLEY PURPOSE: Event Sponsorship | $10,000 |
JACKSON'S PAY IT FORWARD FOUNDATION PURPOSE: Event Sponsorship | $12,500 |
CHILDREN'S MIRACLE NETWORK PURPOSE: Event Sponsorship | $20,000 |