National J A C L Credit Union
- Assets
- $38.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Salt Lake City, UT
- Founding
- 07/1956
- Data as of
- 12/2021
- EIN
- 87-0223814
Organization Overview
National J A C L Credit Union is located in Salt Lake City, UT. The organization was established in 1956. 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, National J A C L Credit Union employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. National J A C L 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 12/2021, National J A C L Credit Union generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 3.0% 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
FINANCIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CREDIT UNION SERVICES TO MEMBERS THROUGH A STATE CHARTERED CREDIT UNION
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Brown Director | Trustee | 1 | $0 |
Kristine Yamada Director | Trustee | 1 | $0 |
Nathan Imamura Director | Trustee | 1 | $0 |
Larry Grant Director | Trustee | 1 | $0 |
Terry Nagata Director | Trustee | 1 | $0 |
Kevin Mukai 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 | $1,017,166 |
| Investment income | $181,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,900 |
| 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 | $1,208,958 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $159,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $81,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $10,888 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | -$157 |
| All other expenses | $174,916 |
| Total functional expenses | $1,179,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,963 |
| Savings and temporary cash investments | $15,274,344 |
| 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 | $20,416,662 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,042,397 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,480,875 |
| Total assets | $38,407,241 |
| Accounts payable and accrued expenses | $1,372,831 |
| 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 | $33,378,692 |
| Total liabilities | $34,751,523 |
| 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 | $3,655,718 |
| Total liabilities and net assets/fund balances | $38,407,241 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sooper Credit Union Arvada, CO | $541,418,878 | $25,522,076 |
Partner Colorado Credit Union Arvada, CO | $575,170,940 | $26,663,634 |
Red Rocks Credit Union Littleton, CO | $358,530,092 | $14,106,899 |
Credit Unions Chartered In The State Of Utah Salt Lake City, UT | $951,799,319 | $26,688,860 |
Boulder Dam Credit Union Boulder City, NV | $864,129,621 | $17,427,262 |
Aventa Credit Union Colorado Springs, CO | $264,169,507 | $14,432,586 |
Credit Unions Chartered In The State Of Colorado Golden, CO | $372,330,766 | $14,599,504 |
Colorado Credit Union Littleton, CO | $304,566,032 | $14,640,813 |
Credit Unions In The State Of New Mexico Santa Fe, NM | $252,448,158 | $14,584,670 |
Deer Valley Credit Union Phoenix, AZ | $248,381,939 | $11,691,961 |
Weststar Credit Union Las Vegas, NV | $257,379,875 | $10,374,892 |
Zia Credit Union Los Alamos, NM | $198,577,340 | $10,872,858 |