West Community Credit Union
- Assets
- $364.6m
- Revenue
- $21.8m
- Investments
- $0.0
- Employees
- 139
- Location
- Ofallon, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-0603999
Organization Overview
West Community Credit Union is located in Ofallon, MO. As of 12/2021, West Community Credit Union employed 139 individuals. West 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, West Community Credit Union generated $21.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $19.3m during the year ending 12/2021. While expenses have increased by 10.4% per year over the past 6 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
PROVIDE CREDIT UNION SERVICES TO OUR MEMBERS BY ACCEPTING DEPOSITS, GRANTING LOANS AND INVESTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Peach President/ceo | Officer | 45 | $326,670 |
Melissa Green CFO | Officer | 45 | $152,778 |
Kathy Gahr VP Of Sales And Services | Officer | 45 | $151,527 |
Richard Dillard Director Business Svcs | 45 | $150,795 | |
Bill Mcfarland Vp-It | Officer | 45 | $150,191 |
Koren Greubel VP Of Marketing | Officer | 45 | $140,227 |
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 | $21,234,827 |
| Investment income | $533,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,202 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,820,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,456 |
| 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. | $2,039,434 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,236,920 |
| Pension plan accruals and contributions | $701,481 |
| Other employee benefits | $910,903 |
| Payroll taxes | $462,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,354 |
| Fees for services: Accounting | $31,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,037,695 |
| Advertising and promotion | $615,330 |
| Office expenses | $1,025,578 |
| Information technology | $607,756 |
| Royalties | $0 |
| Occupancy | $1,134,008 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99,243 |
| Interest | $1,378,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,030,698 |
| Insurance | $9,751 |
| All other expenses | $181,993 |
| Total functional expenses | $19,285,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,985,651 |
| Savings and temporary cash investments | $180,326 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $273,044 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $313,535,007 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,956,849 |
| Net Land, buildings, and equipment | $15,695,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,099,689 |
| Intangible assets | $0 |
| Other assets | $8,831,861 |
| Total assets | $364,558,129 |
| Accounts payable and accrued expenses | $2,259,325 |
| 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 | $28,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $306,946,365 |
| Total liabilities | $337,205,690 |
| 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 | $27,352,439 |
| Total liabilities and net assets/fund balances | $364,558,129 |
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