Telcomm Credit Union
- Assets
- $274.0m
- Revenue
- $13.6m
- Investments
- $2.7m
- Employees
- 94
- Location
- Springfield, MO
- Founding
- Data as of
- 12/2022
- EIN
- 44-0538278
Organization Overview
Telcomm Credit Union is located in Springfield, MO. As of 12/2022, Telcomm Credit Union employed 94 individuals. Telcomm 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, Telcomm Credit Union generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $10.4m during the year ending 12/2022. While expenses have increased by 10.5% per year over the past 8 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
MEMBER OWNED COOPERATIVE DEDICATED TO PROVIDING HIGH QUALITY FINANCIAL SERVICES TO ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION PROVIDES SAVINGS AND LOAN SERVICES AS WELL AS OTHER FINANCIAL SERVICES TO APPROXIMATELY 23,858 MEMBERS AT COMPETITIVE RATES TO IMPROVE THEIR ECONOMIC CONDITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Shorney President/ce | Officer | 40 | $243,753 |
Chris Glenn Chief Lendin | Officer | 40 | $116,786 |
Beth Hylsky CFO | Officer | 40 | $125,089 |
Timothy Harris Employee | 40 | $112,371 | |
Lori Johnson-Murawaski Employee | 40 | $104,415 | |
Gregory Eck Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lanvera Communications | 12/30/22 | $112,003 |
Avitus Technology Services Technology | 12/30/22 | $162,442 |
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 | $12,525,115 |
| Investment income | $1,026,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,950 |
| 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 | $13,563,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,876 |
| 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. | $528,771 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,710,543 |
| Pension plan accruals and contributions | $128,124 |
| Other employee benefits | $404,495 |
| Payroll taxes | $238,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,271 |
| Fees for services: Accounting | $43,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,901 |
| Advertising and promotion | $440,386 |
| Office expenses | $1,670,342 |
| Information technology | $132,906 |
| Royalties | $0 |
| Occupancy | $279,189 |
| Travel | $25,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,778 |
| Interest | $810,586 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $405,624 |
| Insurance | $45,363 |
| All other expenses | $129,435 |
| Total functional expenses | $10,356,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,260,617 |
| Savings and temporary cash investments | $10,448,175 |
| 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 | $193,981,184 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $426,886 |
| Net Land, buildings, and equipment | $5,857,115 |
| Investments—publicly traded securities | $46,739,142 |
| Investments—other securities | $2,739,000 |
| Investments—program-related | $2,145,955 |
| Intangible assets | $0 |
| Other assets | $9,365,168 |
| Total assets | $273,963,242 |
| Accounts payable and accrued expenses | $2,903,278 |
| 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 | $238,674,463 |
| Total liabilities | $241,577,741 |
| 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 | $32,385,501 |
| Total liabilities and net assets/fund balances | $273,963,242 |