Csd Credit Union
- Assets
- $59.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Kansas City, MO
- Founding
- Data as of
- 12/2021
- EIN
- 44-6013258
Organization Overview
Csd Credit Union is located in Kansas City, MO. As of 12/2021, Csd Credit Union employed 14 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 12/2021, Csd Credit Union generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 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
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 5,020 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 2,212 LOANS OUTSTANDING TOTALING $26,190,250.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $153,585 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Watts President | Officer | 40 | $112,744 |
Darci Willis Board Member | Trustee | 1 | $0 |
Freda Markley Chairperson | Trustee | 1 | $0 |
Linda Whitford Secretary | Trustee | 1 | $0 |
Kenneth Mccrary Vice Chairperson | Trustee | 1 | $0 |
Samuel Schissler Treasurer | 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 | $1,812,638 |
| Investment income | $239,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,594 |
| 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 | $2,065,109 |
| 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. | $131,205 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $532,289 |
| Pension plan accruals and contributions | $38,134 |
| Other employee benefits | $123,385 |
| Payroll taxes | $49,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,926 |
| Fees for services: Accounting | $12,267 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,042 |
| Advertising and promotion | $27,404 |
| Office expenses | $308,195 |
| Information technology | $136,258 |
| Royalties | $0 |
| Occupancy | $37,797 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,844 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,741 |
| Insurance | $24,973 |
| All other expenses | $12,743 |
| Total functional expenses | $1,693,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,802 |
| Savings and temporary cash investments | $28,958,213 |
| 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 | $26,062,876 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $218,919 |
| Net Land, buildings, and equipment | $776,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,095,240 |
| Total assets | $59,738,527 |
| Accounts payable and accrued expenses | $319,875 |
| 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 | $53,060,174 |
| Total liabilities | $53,380,049 |
| 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 | $6,358,478 |
| Total liabilities and net assets/fund balances | $59,738,527 |
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