Community America Credit Union
- Assets
- $4.4b
- Revenue
- $232.4m
- Investments
- $59.0m
- Employees
- 903
- Location
- Lenexa, KS
- Founding
- 04/1969
- Data as of
- 12/2021
- EIN
- 44-6015072
Organization Overview
Community America Credit Union is located in Lenexa, KS. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Community America Credit Union employed 903 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community America 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, Community America Credit Union generated $232.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $189.3m during the year ending 12/2021. While expenses have increased by 6.4% 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.
Since 2014, Community America Credit Union has awarded 82 individual grants totaling $3,004,844. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITYAMERICA CREDIT UNION'S PRIMARY PURPOSE IS TO PROMOTE THE FINANCIAL WELL BEING OF ITS CREDIT UNION MEMBERS THROUGH FINANCIAL SERVICES AND PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITYAMERICA CREDIT UNION PROVIDES FINANCIAL PRODUCTS AND SERVICES TO NEARLY 279,142 MEMBERS, INCLUDING MORE THAN 137,150 LOANS OUTSTANDING AT 12.31.21, MORE THAN 30,340 LOANS GRANTED FY 2021, COMPETITIVE RATES OFFERED TO MEMBERS, AND 622,695 DEPOSIT ACCOUNTS AT COMPETITIVE YIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa R Ginter Chief Executive Officer | Officer | 40 | $1,384,252 |
Michael P Haggerty President/coo - Cuso One | Officer | 40 | $1,195,167 |
Timothy R Saracini Chief Financial Officer | Officer | 40 | $983,990 |
Edwin Rafferty Senior Mortgage Consultant | 40 | $761,710 | |
Justin R Steitz Coo/cco - Cufi | Officer | 40 | $617,518 |
Jason Kepler Senior Mortgage Consultant | 40 | $564,068 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Teksystems Global Services Llc Technology Support | 12/30/21 | $208,830 |
Solutions Point Of Kansas Llc Consulting | 12/30/21 | $150,383 |
Aspire Technology Consulting Inc Technology Support | 12/30/21 | $210,961 |
Accumatch Consulting Llc Consulting | 12/30/21 | $145,553 |
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 | $193,443,732 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,002,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,446,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,316,174 |
| 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. | $18,013,303 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,353,869 |
| Pension plan accruals and contributions | $4,283,612 |
| Other employee benefits | $5,924,119 |
| Payroll taxes | $4,119,417 |
| Fees for services: Management | $80,766 |
| Fees for services: Legal | $303,557 |
| Fees for services: Accounting | $326,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,700 |
| Fees for services: Other | $15,740,845 |
| Advertising and promotion | $12,698,207 |
| Office expenses | $9,177,368 |
| Information technology | $13,253,674 |
| Royalties | $0 |
| Occupancy | $5,877,527 |
| Travel | $154,105 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,406 |
| Interest | $19,279,967 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,095,577 |
| Insurance | $433,867 |
| All other expenses | $0 |
| Total functional expenses | $189,316,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,041,114 |
| Savings and temporary cash investments | $514,613,671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $829,578 |
| Loans from Officers, Directors, or Controlling Persons | $2,531,815 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,666,771,949 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,561,108 |
| Net Land, buildings, and equipment | $62,388,690 |
| Investments—publicly traded securities | $981,310,957 |
| Investments—other securities | $59,031,662 |
| Investments—program-related | $0 |
| Intangible assets | $37,500 |
| Other assets | $69,181,936 |
| Total assets | $4,409,299,980 |
| Accounts payable and accrued expenses | $14,514,898 |
| Grants payable | $0 |
| Deferred revenue | $444,844 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,900,118,681 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,324,679 |
| Total liabilities | $3,971,403,102 |
| 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 | $437,896,878 |
| Total liabilities and net assets/fund balances | $4,409,299,980 |
Grants Awarded
Over the last fiscal year, Community America Credit Union has awarded $1,062,210 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Lenexa, KS PURPOSE: COMMUNITY SUPPORT | $420,000 |
Kansas City, MO PURPOSE: GENERAL SUPPORT | $85,000 |
Kansas City, KS PURPOSE: GENERAL SUPPORT | $50,000 |
Kansas City, MO PURPOSE: GENERAL SUPPORT | $50,000 |
Kansas City, MO PURPOSE: GENERAL SUPPORT | $42,700 |
Kansas City, MO PURPOSE: GENERAL SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community America Credit Union Lenexa, KS | $4,409,299,980 | $232,446,492 |
Bellco Credit Union Greenwood Village, CO | $6,160,459,649 | $233,085,363 |
Canvas Credit Union Lone Tree, CO | $3,601,131,958 | $198,159,456 |
Elevations Credit Union Boulder, CO | $3,242,277,853 | $154,912,251 |
Ttcu Federal Credit Union Tulsa, OK | $2,611,508,582 | $123,227,030 |
Westerra Credit Union Denver, CO | $1,970,586,116 | $60,087,395 |
Credit Union Of America Wichita, KS | $1,284,661,575 | $72,395,937 |
Credit Unions Chartered In The State Of Colorado Broomfield, CO | $1,586,159,504 | $57,634,628 |
Meritrust Credit Union Wichita, KS | $1,281,507,668 | $48,306,293 |
True Sky Credit Union Oklahoma City, OK | $831,301,668 | $47,281,663 |
Weokie Federal Credit Union Oklahoma City, OK | $1,024,486,254 | $42,986,888 |
Golden Plains Credit Union Garden City, KS | $831,027,454 | $40,747,458 |