Collegeville Community Credit Union
- Assets
- $1.0
- Revenue
- $134.4k
- Investments
- $0.0
- Employees
- 15
- Location
- Collegeville, MN
- Founding
- Data as of
- 04/2017
- EIN
- 41-0198527
Organization Overview
Collegeville Community Credit Union is located in Collegeville, MN. As of 12/2016, Collegeville Community Credit Union employed 15 individuals. Collegeville Community 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 04/2017, Collegeville Community Credit Union generated $134.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (37.5%) each year. All expenses for the organization totaled $430.4k during the year ending 04/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
A CREDIT UNION FOR EMPLOYEES & STUDENTS OF ST. JOHN'S UNIVERSITY AND THE COLLEFE OF ST. BENEDICT, MEMBERS OF ST. JOHN THE BABTIST PARISH IN COLLEGEFILLE, MN. MEMBERS OF ST. BENEDICT CATHOLIC PARISH IN AVON, MN, MEMBERS OF ST. JOSEPH'S CATHOLIC PARISH IN ST. JOSEPH, MN AND PERSON WHO LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN THE FOLLOWING TOWNS/TOWNSHIPS: ALBANY, AVON, ST. WENDEL, LE SAUK, COLLEGEVILLE, SARTELL, ST. JOSEPH, WADEFIELD, ROCKVILLE & ST AUGUSTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAKE IN MEMBER SAVINGS DEPOSITS. PAY DIVIDENDS TO MEMBERS BASED UPON PREVAILING MARKET RATES FOR MEMBER SAVINGS DEPOSITS AT THE CREDIT UNION. ALL MEMBER HAVE ACCESS TO ACCOUNT INFORMATION VIA ON-LINE (INTERNET) BANKING.
BORROW MONEYU TO MEMBERS FOR VARIOUS CONSUMER NEEDS AT COMPETITIVE RATES IN THE MARKET.
CONDUCT AN ANNUAL MEETING OF CREDIT UNION MEMBERS (REQUIRED BY STATE CHARTER) TO CONDUCT THE BUSINESS OF THE CREDIT UNION, REPORT ON THE STATUS OF THE CREDIT UNION OPERATIONS, AND ELECT OFFICERS, DIRECTORS & COMMITTEE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Opatz Chair-Board | Officer | $0 | |
James Dwyer Vice-Chair B | Officer | $0 | |
Paul Tomczik Director | Trustee | $0 | |
Ben Trnka Director | Trustee | $0 | |
Denis Hynes Director | Trustee | $0 | |
Sandra Eiynck Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $21,191 |
| 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 | $134,433 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $95,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,847 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,717 |
| 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 | $896 |
| Office expenses | $107,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,118 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,635 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,196 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $430,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $0 |
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