United Consumers Credit Union
- Assets
- $185.5m
- Revenue
- $9.5m
- Investments
- $16.9m
- Employees
- 72
- Location
- Independence, MO
- Founding
- Data as of
- 12/2021
- EIN
- 44-0541384
Organization Overview
United Consumers Credit Union is located in Independence, MO. As of 12/2021, United Consumers Credit Union employed 72 individuals. United Consumers 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, United Consumers Credit Union generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. 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
COOPERATIVE PROVIDER OF FINANCIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 17,250 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 68,614 LOANS OUTSTANDING TOTALING $95,992,596.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $328,071 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Mccreary Evp | Officer | 40 | $267,988 |
Jason Neathery President | Officer | 40 | $191,842 |
Richard Webster SVP - It/operations | Officer | 40 | $133,799 |
Jared Fears Chairman | Trustee | 0.5 | $0 |
Vaughn Tribble 1st Vice Chairman | Trustee | 0.5 | $0 |
Gordon Corn Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Route 66 Extended Warranty For Vehicles | 12/30/19 | $152,230 |
Fiserv Core System Provider | 12/30/19 | $248,008 |
Fiserv Card Processor | 12/30/19 | $597,248 |
Fiserv Core System Provider | 12/30/19 | $248,008 |
Fiserv Card Processor | 12/30/19 | $597,248 |
Route 66 Extended Warranty For Vehicles | 12/30/19 | $152,230 |
View All Vendors
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 | $8,775,212 |
| Investment income | $690,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,467 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$976 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,490,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,845 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $672,115 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,390,703 |
| Pension plan accruals and contributions | $60,529 |
| Other employee benefits | $388,038 |
| Payroll taxes | $179,145 |
| Fees for services: Management | $46,077 |
| Fees for services: Legal | $5,844 |
| Fees for services: Accounting | $68,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $338,848 |
| Office expenses | $2,022,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $367,651 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,124 |
| Interest | $275 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $306,353 |
| Insurance | $122,343 |
| All other expenses | $59,991 |
| Total functional expenses | $7,727,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,850,932 |
| Savings and temporary cash investments | $61,837,954 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $562,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $95,005,848 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $292,626 |
| Net Land, buildings, and equipment | $5,902,769 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,857,503 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,201,142 |
| Total assets | $185,511,289 |
| Accounts payable and accrued expenses | $1,868,735 |
| 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 | $163,985,143 |
| Total liabilities | $165,853,878 |
| 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 | $19,657,411 |
| Total liabilities and net assets/fund balances | $185,511,289 |
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