Alpine Community Credit Union

Organization Overview

Alpine Community Credit Union is located in Alpine, TX. The organization was established in 1976. 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 12/2019, Alpine Community Credit Union employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Alpine 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 12/2019, Alpine Community Credit Union generated $522.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $461.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO ENCOURAGE MEMBERS TO SAVE IN A STABLE MARKET AND GIVE MEMBERS THE OPPORTUNITY TO ACQUIRE LOANS AT A FAIR INTEREST RATE TO IMPROVE THEIR ECONOMIC CONDITION. WE ALSO PROVIDE SERVICES SUCH AS CHECKING, DEBIT CARD, ETC. FOR OUR MEMBERS' CONVENIENCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALPINE COMMUNITY CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION FOR THE PURPOSE OF ENCOURAGING SAVINGS AMONG OUR MEMBERS. WE PROVIDE OUR MEMBERS THE OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION


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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$303,411
Investment income $218,923
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 $522,334

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