Postal & Community Credit Union
- Assets
- $71.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 18
- Location
- St Joseph, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-1546494
Organization Overview
Postal & Community Credit Union is located in St Joseph, MO. As of 12/2021, Postal & Community Credit Union employed 18 individuals. Postal & 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, Postal & Community Credit Union generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 3.8% 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
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 10,652 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 3,066 LOANS OUTSTANDING TOTALING $46,130,217.
PAID DIVIDENDS AND INTEREST ON MEMBER DEPOSITS TOTALING $168,642 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Spafford President | Officer | 40 | $130,142 |
Leslie Davies Vp-Lending | Officer | 40 | $62,616 |
Tina Ryan Vp-Member Services | Officer | 40 | $42,898 |
Sara Mears Vp-Accounting | Officer | 40 | $33,407 |
Richard Phillips Vice Chairperson | Trustee | 0.25 | $0 |
Bill Steele Board Member | Trustee | 0.25 | $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 | $2,598,959 |
| Investment income | $167,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,494 |
| 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 | $2,771,867 |
| 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. | $309,182 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,671 |
| Pension plan accruals and contributions | $1,265 |
| Other employee benefits | -$1,585 |
| Payroll taxes | $41,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,679 |
| Fees for services: Accounting | $21,864 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,904 |
| Advertising and promotion | $38,839 |
| Office expenses | $463,789 |
| Information technology | $209,674 |
| Royalties | $0 |
| Occupancy | $73,217 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,329 |
| Insurance | $28,254 |
| All other expenses | $16,309 |
| Total functional expenses | $2,134,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,841 |
| Savings and temporary cash investments | $22,814,544 |
| 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 | $45,972,098 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $166,627 |
| Net Land, buildings, and equipment | $821,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $709,294 |
| Total assets | $71,257,186 |
| Accounts payable and accrued expenses | $45,386 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,700 |
| 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 | $65,464,355 |
| Total liabilities | $65,518,441 |
| 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 | $5,738,745 |
| Total liabilities and net assets/fund balances | $71,257,186 |
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