Moline Municipal Credit Union
- Assets
- $53.0m
- Revenue
- $1.9m
- Investments
- $20.3m
- Employees
- 9
- Location
- Moline, IL
- Founding
- Data as of
- 12/2021
- EIN
- 36-1495026
Organization Overview
Moline Municipal Credit Union is located in Moline, IL. As of 12/2021, Moline Municipal Credit Union employed 9 individuals. Moline Municipal 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, Moline Municipal Credit Union generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 5.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMBER SERVICES TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS AND OTHER
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVING THE SAVINGS OF, GRANTING LOANS TO, AND RELATED SERVICES FOR THE BENEFIT OF 2,611 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Adkison Ceo/treas | OfficerTrustee | 40 | $180,310 |
Scott Williams Vice Chair | OfficerTrustee | 5 | $0 |
Kevin Rafferty Secretary | OfficerTrustee | 5 | $0 |
Brian Vyncke Chairperson | OfficerTrustee | 5 | $0 |
Roland Brand Director | Trustee | 5 | $0 |
Jobst Schulte Jr Director | Trustee | 5 | $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 | $1,826,150 |
| Investment income | $65,149 |
| 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 | $1,891,299 |
| 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. | $180,311 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $341,947 |
| Pension plan accruals and contributions | $36,586 |
| Other employee benefits | $41,998 |
| Payroll taxes | $34,837 |
| 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 | $4,286 |
| Office expenses | $32,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,813 |
| Travel | $1,881 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,405 |
| Interest | $1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,459 |
| Insurance | $33,204 |
| All other expenses | $614,001 |
| Total functional expenses | $1,506,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,025,478 |
| Savings and temporary cash investments | $0 |
| 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 | $28,986,585 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,518 |
| Net Land, buildings, and equipment | $187,570 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,327,348 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $481,081 |
| Total assets | $53,033,580 |
| Accounts payable and accrued expenses | $0 |
| 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 | $46,389,252 |
| Total liabilities | $46,389,252 |
| 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 | $1,230,740 |
| Retained earnings, endowment, accumulated income, or other funds | $5,413,588 |
| Total liabilities and net assets/fund balances | $53,033,580 |
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