Kansas City Credit Union
- Assets
- $54.8m
- Revenue
- $3.4m
- Investments
- $396.6k
- Employees
- 29
- Location
- Kansas City, MO
- Founding
- Data as of
- 12/2021
- EIN
- 44-0502044
Organization Overview
Kansas City Credit Union is located in Kansas City, MO. As of 12/2021, Kansas City Credit Union employed 29 individuals. Kansas City 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, Kansas City Credit Union generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 4.8% 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
EDUCATE MEMBERS, ADVISE DECISIONS, FINANCE NEEDS, AND INVEST IN COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 6,340 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 1,937 LOANS OUTSTANDING TOTALING $42,596,588.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $105,526 FOR THE YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Richmond President/ceo | Officer | 40 | $137,304 |
Janice Smith Chairman | Trustee | 1 | $0 |
Stephanie Bowman Director | Trustee | 1 | $0 |
Earnest Rouse Vice Chairman | Trustee | 1 | $0 |
Crystal Ammons Treasurer | Trustee | 1 | $0 |
Anthony Miller 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 | $3,304,394 |
| Investment income | $60,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $23,659 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,370,526 |
| 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. | $151,741 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $869,447 |
| Pension plan accruals and contributions | $13,360 |
| Other employee benefits | $153,751 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,301 |
| Fees for services: Accounting | $25,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,620 |
| Advertising and promotion | $256,129 |
| Office expenses | $571,232 |
| Information technology | $227,368 |
| Royalties | $0 |
| Occupancy | $129,521 |
| Travel | $7,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,817 |
| Interest | $1,809 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,929 |
| Insurance | $45,915 |
| All other expenses | $59,557 |
| Total functional expenses | $3,134,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,865,173 |
| Savings and temporary cash investments | $8,162,545 |
| 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 | $42,557,088 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $116,017 |
| Net Land, buildings, and equipment | $1,181,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $396,598 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $565,595 |
| Total assets | $54,844,486 |
| Accounts payable and accrued expenses | $285,990 |
| 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 | $50,033,108 |
| Total liabilities | $50,319,098 |
| 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 | $4,525,388 |
| Total liabilities and net assets/fund balances | $54,844,486 |
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