Leadco Community Credit Union

Organization Overview

Leadco Community Credit Union is located in Park Hills, MO. As of 12/2021, Leadco Community Credit Union employed 16 individuals. Leadco 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, Leadco Community Credit Union generated $791.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $844.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTING THRIFT AMOUNG MEMBERS, PROVIDING A SOURCE OF FUNDS WHERE LOANS MAY BE SECURED AT A GUARANTEED LOW RATE OF INTEREST, AND ASSISTING MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL AFFAIRS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 3,479 MEMBERS.


PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 663 LOANS OUTSTANDING TOTALING $7,687,357.


PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $18,393 FOR THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Megan Eaton
CEO
$47,820
Robert Wills
Chairman
$0
David Clemons
Vice Chairman
$0
Louis E Stephens
Treasurer
$0
Margaret Robinson
Secretary
$0
James Sherrill
Director
$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$724,770
Investment income $66,616
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $791,386

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