Department Of Financial Institution Division Of Credit Unions In Ind

Organization Overview

Department Of Financial Institution Division Of Credit Unions In Ind, operating under the name Martin County Co-Op Credit Union, is located in Loogootee, IN. The organization was established in 1969. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Martin County Co-Op Credit Union employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Martin County Co-Op 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, Martin County Co-Op Credit Union generated $701.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $496.8k during the year ending 12/2021. While expenses have increased by 3.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

STATE CHARTERED COOPERATIVE CREDIT UNION, OFFERING LOANS AND DEPOSITS TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

STATE CHARTERED CREDIT UNION


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Board, Officers & Key Employees

Name (title)Compensation
Jenell Hoffman
Director
$1,500
Donald L Wininger
Chairman
$1,500
Carolyn Mcguire
Director
$1,500
Brandon Carrico
Director
$1,400
John A Walker
Vice Chair
$1,200
Donnie Reinhart
Committee Me
$1,120

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$701,388
Investment income $0
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 $701,388

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