Kumc Credit Union
- Assets
- $30.3m
- Revenue
- $909.9k
- Investments
- $16.4k
- Employees
- 8
- Location
- Kansas City, KS
- Founding
- Data as of
- 12/2022
- EIN
- 48-0595332
Organization Overview
Kumc Credit Union is located in Kansas City, KS. As of 12/2022, Kumc Credit Union employed 8 individuals. Kumc 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 12/2022, Kumc Credit Union generated $909.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $860.3k during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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
2022
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
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 2,246 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, THERE WERE 1,425 MEMBER LOANS OUTSTANDING TOTALING $7,717,275.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $29,410 FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Gutierrez Chief Executive Officer | Officer | 40 | $81,063 |
Norma Turner Secretary | Trustee | 0.25 | $0 |
Debra Brogden Board Member | Trustee | 0.25 | $0 |
Don Rau Chairman | Trustee | 0.25 | $0 |
Monica Lubeck Treasurer | Trustee | 0.25 | $0 |
David Brown Board Member | Trustee | 0.25 | $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 | $646,322 |
| Investment income | $257,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,692 |
| 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 | $909,934 |
| 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. | $101,955 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,210 |
| Pension plan accruals and contributions | $21,788 |
| Other employee benefits | $26,453 |
| Payroll taxes | $22,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,101 |
| Fees for services: Accounting | $18,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,952 |
| Advertising and promotion | $958 |
| Office expenses | $44,465 |
| Information technology | $112,495 |
| Royalties | $0 |
| Occupancy | $27,957 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76 |
| Interest | $58 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,062 |
| Insurance | $17,945 |
| All other expenses | $45,212 |
| Total functional expenses | $860,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,587 |
| Savings and temporary cash investments | $20,007,367 |
| 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 | $9,360,199 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,567 |
| Net Land, buildings, and equipment | $33,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,415 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275,984 |
| Total assets | $30,253,496 |
| Accounts payable and accrued expenses | $32,135 |
| 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 | $27,499,854 |
| Total liabilities | $27,531,989 |
| 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 | $2,721,507 |
| Total liabilities and net assets/fund balances | $30,253,496 |
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