Intrepid Credit Union
- Assets
- $281.9m
- Revenue
- $12.5m
- Investments
- $717.9k
- Employees
- 99
- Location
- Helena, MT
- Founding
- Data as of
- 12/2022
- EIN
- 81-0232791
Organization Overview
Intrepid Credit Union is located in Helena, MT. As of 12/2022, Intrepid Credit Union employed 99 individuals. Intrepid 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, Intrepid Credit Union generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $10.6m during the year ending 12/2022. While expenses have increased by 9.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONSUMER (MEMBER) FINANCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTREPID CREDIT UNION PROVIDES A WIDE VARIETY OF FINANCIAL SERVICES. ADDITIONAL SERVICES INCLUDE MUTUAL, MEMBERSHIP BENEFIT PROGRAMS, COUNSELING, FINANCIAL EDUCATION, NEWSLETTERS, DEPOSIT AND LOAN INSURANCE PROTECTION, AND CONSUMER INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Strizich President/ceo | Officer | 40 | $251,417 |
Tracy Kuehn VP Correspondent Lending | 40 | $177,553 | |
Steven Howke CFO - Outgoing | 40 | $118,595 | |
Jim Mcdonnell Chairperson | OfficerTrustee | 1 | $0 |
Donald Polly Vice-Chairperson | OfficerTrustee | 1 | $0 |
Nancy Everson Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Member Driven Technologies Core Processor Support | 12/30/22 | $516,491 |
Allied Solutions Llc Loan Add On Support | 12/30/22 | $195,813 |
Cook Security Group Atm/itm Support | 12/30/22 | $380,505 |
Meridian Link Consulting | 12/30/22 | $158,938 |
Kasasa Marketing And Consulting | 12/30/22 | $198,836 |
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 | $11,613,812 |
| Investment income | $682,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$7,681 |
| Net Gain/Loss on Asset Sales | $204,549 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,493,074 |
| 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 | $737,606 |
| Compensation of current officers, directors, key employees. | $272,785 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,063,653 |
| Pension plan accruals and contributions | $123,998 |
| Other employee benefits | $405,639 |
| Payroll taxes | $342,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,190 |
| Fees for services: Accounting | $625,532 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $662,648 |
| Advertising and promotion | $408,038 |
| Office expenses | $329,781 |
| Information technology | $143,489 |
| Royalties | $0 |
| Occupancy | $499,766 |
| Travel | $87,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $115,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $378,039 |
| Insurance | $62,680 |
| All other expenses | $195,803 |
| Total functional expenses | $10,596,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,425,632 |
| Savings and temporary cash investments | $7,039,210 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,061,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $225,504,457 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,379,160 |
| Net Land, buildings, and equipment | $12,452,179 |
| Investments—publicly traded securities | $26,868,373 |
| Investments—other securities | $717,931 |
| Investments—program-related | $0 |
| Intangible assets | $234,502 |
| Other assets | $3,174,619 |
| Total assets | $281,858,042 |
| Accounts payable and accrued expenses | $675,462 |
| 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 | $8,303,795 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $244,523,030 |
| Total liabilities | $253,502,287 |
| 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 | $28,355,755 |
| Total liabilities and net assets/fund balances | $281,858,042 |