Southeast Missouri Community Credit Union
- Assets
- $7.0m
- Revenue
- $449.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Park Hills, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-0689754
Organization Overview
Southeast Missouri Community Credit Union is located in Park Hills, MO. As of 12/2021, Southeast Missouri Community Credit Union employed 6 individuals. Southeast Missouri 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, Southeast Missouri Community Credit Union generated $449.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $382.9k during the year ending 12/2021. While expenses have increased by 4.0% 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
SOUTHEAST MISSOURI COMMUNITY CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE DEDICATED TO SERVING OUR MEMBER OWNERS THROUGH: - PERSONALIZED MEMBER SERVICE - INNOVATIVE PRODUCTS & SERVICES - KNOWLEDGEABLE, SKILLED & EMPOWERED EMPLOYEES - FINANCIAL STRENGTH & STABILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 1,464 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 589 LOANS OUTSTANDING TOTALING $4,221,619.
PAID DIVIDENDS AND INTEREST ON MEMBER DEPOSITS TOTALING $33,740 FOR THE YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Voss President | Officer | 40 | $46,235 |
Brandon Wolk Secretary | Trustee | 1 | $0 |
Cynthia Braddy Vice Chairman | Trustee | 1 | $0 |
Stella Keen Director | Trustee | 1 | $0 |
John Clark Director | Trustee | 1 | $0 |
Dianna Wallen Director | Trustee | 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 | $431,945 |
| Investment income | $17,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $570 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,904 |
| 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. | $46,235 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,602 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,732 |
| Payroll taxes | $11,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,018 |
| Fees for services: Accounting | $7,982 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,219 |
| Office expenses | $99,780 |
| Information technology | $6,838 |
| Royalties | $0 |
| Occupancy | $2,180 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,011 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,387 |
| Insurance | $9,481 |
| All other expenses | $2,685 |
| Total functional expenses | $382,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,890 |
| Savings and temporary cash investments | $2,374,461 |
| 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 | $4,206,673 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,702 |
| Net Land, buildings, and equipment | $47,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,258 |
| Total assets | $6,951,314 |
| Accounts payable and accrued expenses | $11,196 |
| 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 | $6,055,014 |
| Total liabilities | $6,066,210 |
| 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 | $885,104 |
| Total liabilities and net assets/fund balances | $6,951,314 |
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