Casebine Community Credit Union
- Assets
- $29.0m
- Revenue
- $1.7m
- Investments
- $11.5m
- Employees
- 9
- Location
- Burlington, IA
- Founding
- Data as of
- 12/2023
- EIN
- 42-0953553
Organization Overview
Casebine Community Credit Union is located in Burlington, IA. As of 12/2023, Casebine Community Credit Union employed 9 individuals. Casebine 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 12/2023, Casebine Community Credit Union generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE BOTH EMPLOYEES AND MEMBERS LIVES THROUGH EXCEPTIONAL AND PERSONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMONG THEIR MEMBERS, AND PROVIDE AN OPPORTUNITY FOR THEIR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. CASEBINE COMMUNITY CREDIT UNION (CCCU) IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE WITH AN NCUA LOW INCOME DESIGNATION (LID). AS A CDFI, CCCU IS DEDICATED TO ITS MISSION "TO ENHANCE THE FINANCIAL WELL-BEING OF OUR COMMUNITY THROUGH EXCEPTIONAL FINANCIAL SERVICES."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Wolff Chairman | OfficerTrustee | 0.5 | $0 |
Amy Laue Vice Chairwoman | OfficerTrustee | 0.5 | $0 |
Laci Ryan - Board Member (jan-Jun)/audit Chair Starting July | OfficerTrustee | 0.5 | $0 |
Sharice Edwards Audit Chair (jan-Jun) | OfficerTrustee | 0.5 | $0 |
Wayne Smith Credit Committee Chair | OfficerTrustee | 0.5 | $0 |
Lynda Hild President/ceo/cfo | OfficerTrustee | 46 | $116,201 |
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 | $1,346,278 |
| Investment income | $357,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,703,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,748 |
| 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. | $137,923 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,426 |
| Pension plan accruals and contributions | $14,714 |
| Other employee benefits | $28,289 |
| Payroll taxes | $37,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $450,859 |
| Advertising and promotion | $102,265 |
| Office expenses | $73,679 |
| Information technology | $17,718 |
| Royalties | $0 |
| Occupancy | $38,928 |
| Travel | $1,629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,139 |
| Interest | $5,824 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,344 |
| Insurance | $26,180 |
| All other expenses | $28,503 |
| Total functional expenses | $1,626,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,023 |
| Savings and temporary cash investments | $386,191 |
| Pledges and grants receivable | $6,183 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,674,628 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $62,474 |
| Net Land, buildings, and equipment | $786,342 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,507,114 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,079,672 |
| Total assets | $29,012,627 |
| Accounts payable and accrued expenses | $275,716 |
| 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 | $23,240,156 |
| Total liabilities | $23,515,872 |
| 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 | $5,496,755 |
| Total liabilities and net assets/fund balances | $29,012,627 |