Mid-Kansas Credit Union
- Assets
- $67.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 24
- Location
- Moundridge, KS
- Founding
- Data as of
- 12/2021
- EIN
- 48-0592445
Organization Overview
Mid-Kansas Credit Union is located in Moundridge, KS. As of 12/2021, Mid-Kansas Credit Union employed 24 individuals. Mid-Kansas 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, Mid-Kansas Credit Union generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 3.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SERVICES FOR MUTUAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE A SOURCE OF CREDIT AND OTHER FINANCIAL SERVICES FOR OUR 4,058 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Unruh Loan Manager | 45 | $109,169 | |
Gary Duerksen Manager | Officer | 40 | $101,216 |
Bret Gillmore Secretary/treasurer | OfficerTrustee | 2 | $0 |
Adam Robb Chairman | OfficerTrustee | 2 | $0 |
Elaine Schmidt Vice-Chairman | OfficerTrustee | 1 | $0 |
Kelly Stucky Director | 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 | $2,531,973 |
| Investment income | $232,804 |
| 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 | $2,764,777 |
| 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 | $885,498 |
| Pension plan accruals and contributions | $62,337 |
| Other employee benefits | $203,868 |
| Payroll taxes | $65,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,837 |
| Office expenses | $506,376 |
| Information technology | $48,091 |
| Royalties | $0 |
| Occupancy | $136,796 |
| Travel | $15,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,993 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,405 |
| Insurance | $0 |
| All other expenses | $158,775 |
| Total functional expenses | $2,442,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,120,628 |
| Savings and temporary cash investments | $0 |
| 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 | $46,459,507 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,267,299 |
| Investments—publicly traded securities | $10,530,316 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,625,391 |
| Total assets | $67,003,141 |
| Accounts payable and accrued expenses | $159,251 |
| 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 | $60,715,844 |
| Total liabilities | $60,875,095 |
| 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 | $6,128,046 |
| Total liabilities and net assets/fund balances | $67,003,141 |
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