Telco Triad Community Credit Union
- Assets
- $119.2m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 64
- Location
- Sioux City, IA
- Founding
- Data as of
- 12/2021
- EIN
- 42-0678833
Organization Overview
Telco Triad Community Credit Union is located in Sioux City, IA. As of 12/2021, Telco Triad Community Credit Union employed 64 individuals. Telco Triad 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 12/2021, Telco Triad Community Credit Union generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 1.9% 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
TO ENCOURAGE HABITS OF THRIFT THROUGH EDUCATION AND PROVIDE FINANCIAL OPPORTUNITIES WITH GROWTH AND STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMONG MEMBERS, AND PROVIDE THE OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR SAVINGS FOR THEIR MUTUAL BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Barriger CEO | Officer | 40 | $138,900 |
Tim Piepho CEO (partial Year) | Officer | 40 | $91,360 |
Allan Brown Treasurer | OfficerTrustee | 1 | $0 |
Robin Miller Chairperson | OfficerTrustee | 1 | $0 |
Toi Sullivan Secretary | OfficerTrustee | 1 | $0 |
Terry Blom Vice Chair | OfficerTrustee | 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 | $4,735,095 |
| Investment income | $321,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,789 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,054,733 |
| 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. | $230,260 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,637,268 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $309,569 |
| Payroll taxes | $150,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,206 |
| Fees for services: Accounting | $55,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,870 |
| Advertising and promotion | $198,409 |
| Office expenses | $119,861 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,221 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,909 |
| Interest | $270,466 |
| Payments to affiliates | $9,570 |
| Depreciation, depletion, and amortization | $137,379 |
| Insurance | $32,497 |
| All other expenses | $194,045 |
| Total functional expenses | $4,354,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,232,514 |
| Savings and temporary cash investments | $30,855,626 |
| 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 | $79,848,814 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $85,315 |
| Net Land, buildings, and equipment | $2,491,035 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,687,578 |
| Total assets | $119,200,882 |
| Accounts payable and accrued expenses | $410,720 |
| 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 | $106,546,910 |
| Total liabilities | $106,957,630 |
| 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 | $12,243,252 |
| Total liabilities and net assets/fund balances | $119,200,882 |
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