Csd Credit Union
- Assets
- $74.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Kansas City, MO
- Founding
- Data as of
- 12/2023
- EIN
- 44-6013258
Organization Overview
Csd Credit Union is located in Kansas City, MO. As of 12/2023, Csd Credit Union employed 19 individuals. Csd 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 12/2023, Csd Credit Union generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CSD CREDIT UNION IS A MEMBER OWNED NOT-FOR-PROFIT COOPERATIVE ESTABLISHED TO PROVIDE CONVENIENT AND COMPETITIVE FINANCIAL SERVICES. ITS GOAL IS TO ENCOURAGE FINANCIAL INDEPENDENCE THROUGH PERSONALIZED SERVICES AND SOUND FINANCIAL COUNSELING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 5,716 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 2,462 LOANS OUTSTANDING TOTALING $37,161,208.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $582,696 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Freda Markley Chairperson | Trustee | 1 | $0 |
Kenneth Mccrary Vice Chairperson | Trustee | 1 | $0 |
Samuel Schissler Treasurer | Trustee | 1 | $0 |
Linda Whitford Secretary | Trustee | 1 | $0 |
Darci Willis Board Member | Trustee | 1 | $0 |
Edward Watts President | Officer | 40 | $124,498 |
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 | $2,467,042 |
| Investment income | $955,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,207 |
| 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 | $3,435,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,600 |
| 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. | $145,470 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $613,525 |
| Pension plan accruals and contributions | $113,001 |
| Other employee benefits | $120,293 |
| Payroll taxes | $58,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $301 |
| Fees for services: Accounting | $17,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,899 |
| Advertising and promotion | $28,735 |
| Office expenses | $361,060 |
| Information technology | $162,207 |
| Royalties | $0 |
| Occupancy | $68,721 |
| Travel | $5,734 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,681 |
| Interest | $301 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,092 |
| Insurance | $40,267 |
| All other expenses | $6,156 |
| Total functional expenses | $2,603,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,116 |
| Savings and temporary cash investments | $29,779,532 |
| 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 | $37,006,446 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $587,405 |
| Net Land, buildings, and equipment | $1,108,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,397,948 |
| Total assets | $74,497,803 |
| Accounts payable and accrued expenses | $285,005 |
| 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 | $65,666,573 |
| Total liabilities | $65,951,578 |
| 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 | $8,546,225 |
| Total liabilities and net assets/fund balances | $74,497,803 |