University Of Iowa Community Credit Union is located in North Liberty, IA. The organization was established in 2019. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2018, University Of Iowa Community Credit Union employed 547 individuals.
For the year ending 12/2018, University Of Iowa Community Credit Union generated $263.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $187.9m during the year ending 12/2018. While expenses have increased by 16.4% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITIES BY PROMOTING THE FINANCIAL WELL-BEING OF OUR RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LENDING SERVICES TO THE MEMBERSHIP OF THE CREDIT UNION. IN 2018, THE CREDIT UNION ORIGINATED $1,581,442,403 OF IN-HOUSE CONSUMER, REAL ESTATE, AND COMMERCIAL LOANS, AND ALSO ORIGINATED $550,513,733 IN FIRST MORTGAGE LOANS WHICH WERE SOLD ON THE SECONDARY MARKET.
PROVIDE SAVINGS AND DEPOSIT SERVICES TO THE MEMBERSHIP OF THE CREDIT UNION: IN 2018, TOTAL DEPOSITS IN THE CREDIT UNION GREW FROM $3,529,893,618 TO $4,103,454,285.
PROVIDE TRANSACTION SERVICES TO THE MEMBERSHIP OF THE CREDIT UNION: IN 2018, THE CREDIT UNION PROCESSED 42,457,402 FINANCIAL TRANSACTIONS FOR ITS MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeffrey A Disterhoft President & Chief Executive Officer | Officer | 50 | $1,211,188 |
Michael E Lehman Wealth Advisor | 50 | $623,050 | |
Mark A Law Managing Director Wealth Management | 50 | $611,673 | |
Eli M Wynes Wealth Advisor | 50 | $589,375 | |
Felisha A Junge Mortgage Loan Officer | 55 | $482,583 | |
Michael R Ward Mortgage Loan Officer | 50 | $466,166 |
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 | $219,547,772 |
Investment income | $6,431,030 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $102,600 |
Net Gain/Loss on Asset Sales | $1,479,482 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $263,650,226 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,182,505 |
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. | $4,020,136 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $20,141,938 |
Pension plan accruals and contributions | $2,558,592 |
Other employee benefits | $14,440,045 |
Payroll taxes | $2,355,575 |
Fees for services: Management | $0 |
Fees for services: Legal | $112,960 |
Fees for services: Accounting | $300,219 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,220,619 |
Advertising and promotion | $4,519,639 |
Office expenses | $3,745,758 |
Information technology | $2,676,184 |
Royalties | $0 |
Occupancy | $3,088,711 |
Travel | $201,290 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $14,111 |
Interest | $15,907,242 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,541,841 |
Insurance | $290,819 |
All other expenses | $1,459,909 |
Total functional expenses | $187,859,035 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $145,648,206 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $11,832,073 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $4,981,996,381 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $11,271,536 |
Net Land, buildings, and equipment | $94,825,149 |
Investments—publicly traded securities | $43,404,900 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $945,364 |
Other assets | $87,427,520 |
Total assets | $5,377,351,129 |
Accounts payable and accrued expenses | $25,045,147 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $15,286,371 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $765,000,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,104,016,754 |
Total liabilities | $4,909,348,272 |
Unrestricted restricted net Assets | $0 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $468,002,857 |
Over the last fiscal year, University Of Iowa Community Credit Union has awarded $957,479 in support to 80 organizations.
Grant Recipient | Amount |
---|---|
Iowa City, IA PURPOSE: ONE COMMUNITY-ONE BOARD, SCHOOL OF THE WILD, AND GENERAL SUPPORT | $52,000 |
Iowa City, IA PURPOSE: DANCE MARATHON, ARTS CAMPUS PLEDGE, AND MUSEUM OF ART | $42,000 |
Iowa City, IA PURPOSE: SUMMER OF ARTS JAZZ FESTIVAL AND FREE MOVIE SERIES | $33,000 |
Iowa City, IA PURPOSE: GENERAL SUPPORT | $31,250 |
Iowa City, IA PURPOSE: GENERAL SUPPORT | $30,000 |
Coralville, IA PURPOSE: GENERAL SUPPORT AND HOLIDAY MARKET EVENT | $30,000 |
Organization Name | Assets | Revenue |
---|---|---|
Alliant Credit Union Chicago, IL | $12,244,742,402 | $514,950,827 |
Citizens Equity First Credit Union Peoria, IL | $6,262,017,866 | $281,570,051 |
Baxter Credit Union Vernon Hills, IL | $3,921,954,593 | $268,990,676 |
University Of Iowa Community Credit Union North Liberty, IA | $5,377,351,129 | $263,650,226 |
Veridian Credit Union Waterloo, IA | $4,348,513,312 | $232,895,621 |
Ih Mississippi Valley Credit Union Moline, IL | $1,477,272,406 | $95,764,953 |
Consumers Cooperative Credit Union Gurnee, IL | $1,332,600,988 | $86,644,006 |
Scott Credit Union Edwardsville, IL | $1,268,134,429 | $68,652,150 |
Central Minnesota Credit Union Melrose, MN | $1,201,921,676 | $66,228,219 |
Credit Union 1 Rantoul, IL | $958,631,700 | $59,629,366 |
Great Lakes Credit Union Bannockburn, IL | $883,772,298 | $47,845,545 |
Deere Employees Credit Union Moline, IL | $1,039,065,095 | $51,717,341 |
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