Volt Credit Union

Organization Overview

Volt Credit Union is located in Springfield, MO. As of 12/2021, Volt Credit Union employed 34 individuals. Volt 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, Volt Credit Union generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CREDIT UNION EXISTS TO HELP MEMBERS BUILD LONG-TERM FINANCIAL SECURITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 7,437 MEMBERS.


PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, LOANS OUTSTANDING TOTALED $56,366,002.


PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $289,048 FOR THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Loretta Roney
President/ceo
$158,245
Bill Jameson
Chairman
$0
Mark Rosenauer
Director
$0
Randy Tucker
Vice Chairman
$0
Darrell Decker
Treasurer
$0
Charles Johnson
Director
$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$2,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,500
Total Program Service Revenue$3,650,851
Investment income $242,605
Tax Exempt Bond Proceeds $0
Royalties $21,765
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,246
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,925,967

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