Nebraska State Employees Credit Union is located in Lincoln, NE. The organization was established in 1971. 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, Nebraska State Employees Credit Union employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Nebraska State Employees 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, Nebraska State Employees Credit Union generated $630.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $712.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. 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
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Gates Board Member | Trustee | 1 | $0 |
Sarah Rogge Board Member | Trustee | 1 | $0 |
Tom Nesbitt Board Member | Trustee | 1 | $0 |
John Shelton Board Member | Trustee | 1 | $0 |
Mark Herman Board Member | Trustee | 1 | $0 |
Ron Riethmuller Board Member | Trustee | 1 | $0 |
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 | $492,699 |
Investment income | $138,144 |
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 | $630,843 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $283,047 |
Pension plan accruals and contributions | $17,841 |
Other employee benefits | $46,215 |
Payroll taxes | $21,259 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $15,686 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $4,202 |
Office expenses | $57,524 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $22,275 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,453 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,774 |
Insurance | $14,592 |
All other expenses | $23,688 |
Total functional expenses | $712,569 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $130,645 |
Savings and temporary cash investments | $23,174,537 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,469 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $9,204,392 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $43,904 |
Net Land, buildings, and equipment | $161,633 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $312,017 |
Total assets | $33,032,597 |
Accounts payable and accrued expenses | $178,101 |
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 | $29,866,526 |
Total liabilities | $30,044,627 |
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 | $737,317 |
Retained earnings, endowment, accumulated income, or other funds | $2,250,653 |
Total liabilities and net assets/fund balances | $33,032,597 |
Organization Name | Assets | Revenue |
---|---|---|
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 |
Golden Plains Credit Union Garden City, KS | $831,027,454 | $40,747,458 |
Dutrac Community Credit Union Dubuque, IA | $980,523,751 | $36,287,980 |
Credit Union Of Denver Lakewood, CO | $1,142,313,148 | $39,919,680 |
Azura Credit Union Topeka, KS | $682,703,343 | $33,958,013 |
Millennium Corporate Credit Union Wichita, KS | $1,676,715,852 | $44,466,623 |
Liberty First Credit Union Lincoln, NE | $400,479,429 | $27,721,129 |
Heartland Credit Union Hutchinson, KS | $477,723,732 | $30,631,369 |
Linn Area Credit Union Cedar Rapids, IA | $567,752,241 | $26,390,018 |