Multipli Credit Union
- Assets
- $173.6m
- Revenue
- $9.7m
- Investments
- $1.5m
- Employees
- 62
- Location
- Springfield, MO
- Founding
- Data as of
- 12/2022
- EIN
- 44-0443995
Organization Overview
Multipli Credit Union is located in Springfield, MO. As of 12/2022, Multipli Credit Union employed 62 individuals. Multipli 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 12/2022, Multipli Credit Union generated $9.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $6.3m during the year ending 12/2022. While expenses have increased by 8.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE EXIST TO PROVIDE AFFORDABLE, QUALITY FINANCIAL SERVICES FOR THE MEMBERS OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTARY, COOPERATIVE, NONPROFIT SAVINGS INSTITUTION WHICH ENCOURAGES THRIFT AMONG THEIR 11,602 MEMBERS BY PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Hadsall President | Officer | 40 | $255,643 |
Greg Snyder CFO | Officer | 40 | $206,472 |
Susan Kasterke Staff | 40 | $120,189 | |
Greg Cox Staff | 40 | $110,149 | |
Max Buetow Chairman | OfficerTrustee | 1 | $0 |
Ben Jones Vice Chairma | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bp Builders Construction | 12/30/22 | $1,828,734 |
Trustmark Employee Benefi | 12/30/22 | $199,569 |
Managed Financial Networks It Services | 12/30/22 | $170,472 |
Natures Image Landscaping | 12/30/22 | $140,105 |
Jack Henry Associates Banking Systems | 12/30/22 | $105,211 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,993,923 |
| 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 | $1,993,923 |
| Total Program Service Revenue | $7,105,357 |
| Investment income | $605,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,150 |
| Net Gain/Loss on Asset Sales | -$65,221 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,692,310 |
| 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. | $494,525 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,312,595 |
| Pension plan accruals and contributions | $44,670 |
| Other employee benefits | $187,458 |
| Payroll taxes | $185,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,497 |
| Fees for services: Accounting | $55,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,047 |
| Fees for services: Other | $4,045 |
| Advertising and promotion | $71,518 |
| Office expenses | $115,895 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $220,328 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,204 |
| Interest | $521,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $406,378 |
| Insurance | $65,864 |
| All other expenses | $554,134 |
| Total functional expenses | $6,304,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,188,856 |
| Savings and temporary cash investments | $10,053,764 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,986 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $110,759,053 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $412,187 |
| Net Land, buildings, and equipment | $12,352,507 |
| Investments—publicly traded securities | $31,274,385 |
| Investments—other securities | $1,511,758 |
| Investments—program-related | $1,311,949 |
| Intangible assets | $0 |
| Other assets | $3,470,292 |
| Total assets | $173,557,737 |
| Accounts payable and accrued expenses | $2,648,461 |
| Grants payable | $5,500 |
| 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 | $146,279,770 |
| Total liabilities | $148,933,731 |
| 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 | $24,624,006 |
| Total liabilities and net assets/fund balances | $173,557,737 |