Community Credit Union

Community Credit Union Overview

Community Credit Union is located in New Rockford, ND. The organization was established in 1973. 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 12/2020, Community Credit Union employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community 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 12/2020, Community Credit Union generated $3.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. While expenses have increased by 5.6% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

CREDIT UNION SERVICES FOR APPROXIMATELY 5000 MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBER SAVINGS


INVESTMENTS OTHER PROGRAM SERVICES


MEMBER LOANS


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Community Credit Union Board, Officers & Key Employees

Name (title)Compensation
Barbara Messner
President
$124,646
Brent Helseth
Director
$0
James Harmon
Director
$0
Mike Yri
Director
$0
Ed Oconnor
Chairman
$0
James Eversvik
Vice Chairman
$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$1,505,777
Investment income $2,231,272
Tax Exempt Bond Proceeds $0
Royalties $0
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 $3,737,049

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