Kansas Teachers Community Credit Union
- Assets
- $120.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 37
- Location
- Pittsburg, KS
- Founding
- 12/1978
- Data as of
- 12/2020
- EIN
- 48-0590867
Organization Overview
Kansas Teachers Community Credit Union is located in Pittsburg, KS. The organization was established in 1978. 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, Kansas Teachers Community Credit Union employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Teachers 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, Kansas Teachers Community Credit Union generated $4.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.9m during the year ending 12/2020. While expenses have increased by 5.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR 13,259 MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $499,107 FOR THE YEAR 2020. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. LOANS OUTSTANDING AS OF DECEMBER 31, 2019, TOTALED $74,119,181.
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR 13,259 MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $499,107 FOR THE YEAR 2020. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. LOANS OUTSTANDING AS OF DECEMBER 31, 2019, TOTALED $74,119,181.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kolarik President | Officer | 40 | $142,201 |
Becky Franklin Vice President | Officer | 40 | $94,881 |
John Minton Board Chairperson | OfficerTrustee | 1 | $0 |
Jason Grotheer Board Vice Chairperson | OfficerTrustee | 1 | $0 |
June Freund Board Secretary | OfficerTrustee | 1 | $0 |
Mary J Goedeke Board Treasurer | OfficerTrustee | 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 | $4,150,138 |
| Investment income | $365,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $132,850 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,648,197 |
| 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. | $237,082 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,003,038 |
| Pension plan accruals and contributions | $80,699 |
| Other employee benefits | $79,382 |
| Payroll taxes | $96,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $265,598 |
| Advertising and promotion | $60,212 |
| Office expenses | $411,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $240,790 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,494 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $291,369 |
| Total functional expenses | $3,894,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,384,381 |
| Savings and temporary cash investments | $37,490,632 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $245,187 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $73,873,995 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $230,747 |
| Net Land, buildings, and equipment | $3,164,263 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,726,385 |
| Total assets | $120,115,590 |
| Accounts payable and accrued expenses | $1,597,835 |
| 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 | $104,606,828 |
| Total liabilities | $106,204,663 |
| 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 | $13,910,927 |
| Total liabilities and net assets/fund balances | $120,115,590 |
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|---|---|---|
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