Community Choice Credit Union
- Assets
- $797.5m
- Revenue
- $39.1m
- Investments
- $24.9m
- Employees
- 217
- Location
- Johnston, IA
- Founding
- Data as of
- 12/2022
- EIN
- 42-0778245
Organization Overview
Community Choice Credit Union is located in Johnston, IA. As of 12/2022, Community Choice Credit Union employed 217 individuals. Community Choice 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 12/2022, Community Choice Credit Union generated $39.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $33.6m during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SIMPLY AND HAPPILY FULFILL THE FINANCIAL WANTS AND NEEDS OF OUR MEMBERS. TO ACHIEVE THIS, WE MUST STRIVE TO UNEXPECTEDLY DELIGHT THOSE WE SERVE; OUR EMPLOYEES, OUR COMMUNITIES, OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CHOICE CREDIT UNION OFFERS LOW RATE LOANS AND OFFERS HIGHER RATE DEPOSITS TO ITS MEMBERS. THE ORGANIZATION IS A FULL SERVICE FINANCIAL PROVIDER OFFERING EVERYTHING FROM MORTGAGE LOANS ALL THE WAY TO SAFE DEPOSIT BOXES. MEMBERS AS OF 12/31/2022 - 50,264
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Dickey Board Chair | OfficerTrustee | 0.5 | $0 |
Joe Yamen Vice Chair | OfficerTrustee | 0.5 | $0 |
Mikel Koschmeder Board CFO | OfficerTrustee | 0.5 | $0 |
Thomas Mcentee Board Secretary | OfficerTrustee | 0.5 | $0 |
Ken Zinkula Audit Committee Chair | Trustee | 0.5 | $0 |
Deb Degraff Board Member | Trustee | 0.5 | $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 | $37,638,182 |
| Investment income | $2,249,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$814,948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,072,921 |
| 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. | $3,884,479 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,387,824 |
| Pension plan accruals and contributions | $1,202,270 |
| Other employee benefits | $950,671 |
| Payroll taxes | $825,877 |
| Fees for services: Management | $163,571 |
| Fees for services: Legal | $56,788 |
| Fees for services: Accounting | $590,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $332,766 |
| Advertising and promotion | $2,413,380 |
| Office expenses | $345,369 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,747,836 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $486,494 |
| Interest | $1,993,627 |
| Payments to affiliates | $96,622 |
| Depreciation, depletion, and amortization | $583,907 |
| Insurance | $173,672 |
| All other expenses | $0 |
| Total functional expenses | $33,641,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,580,747 |
| 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 | $648,516,175 |
| Inventories for sale or use | $2,147,855 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,017,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,914,376 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,343,941 |
| Total assets | $797,520,469 |
| Accounts payable and accrued expenses | $8,255,740 |
| 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 | $24,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $681,625,395 |
| Total liabilities | $713,881,135 |
| 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 | $25,685,884 |
| Retained earnings, endowment, accumulated income, or other funds | $57,953,450 |
| Total liabilities and net assets/fund balances | $797,520,469 |