Clarity Credit Union
- Assets
- $163.7m
- Revenue
- $9.7m
- Investments
- $99.3k
- Employees
- 68
- Location
- Nampa, ID
- Founding
- Data as of
- 12/2021
- EIN
- 82-0202653
Organization Overview
Clarity Credit Union is located in Nampa, ID. As of 12/2021, Clarity Credit Union employed 68 individuals. Clarity 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, Clarity Credit Union generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 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
TO BUILD LIFELONG RELATIONSHIPS BY PROVIDING FINANCIAL SOLUTIONS WITHIN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLARITY CREDIT UNION SERVICES 16,554 MEMBERS IN 2021. MEMBER SERVICES ENCOURAGE THRIFT AND SAVING AND INCLUDE SAVINGS, CHECKINGS, LOANS, CDS, DEBIT CARDS, CREDIT CARDS, AND MORTGAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Edwards CEO | Officer | 40 | $185,768 |
Nick Fugal CFO | Officer | 40 | $140,323 |
Dan Edgerton Clo | Officer | 40 | $121,061 |
Gracie Franks COO | Officer | 40 | $111,180 |
Vivian Firkin Secretary | OfficerTrustee | 1 | $0 |
Cory Edwards Vice Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,826,265 |
| 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 | $1,826,265 |
| Total Program Service Revenue | $7,505,544 |
| Investment income | $188,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $137,396 |
| Net Gain/Loss on Asset Sales | $11,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,669,109 |
| 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. | $558,332 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,024,074 |
| Pension plan accruals and contributions | $94,300 |
| Other employee benefits | $464,223 |
| Payroll taxes | $188,723 |
| Fees for services: Management | $40,417 |
| Fees for services: Legal | $14,501 |
| Fees for services: Accounting | $15,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $212,463 |
| Advertising and promotion | $127,542 |
| Office expenses | $174,496 |
| Information technology | $104,975 |
| Royalties | $0 |
| Occupancy | $215,413 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,827 |
| Interest | $219,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $298,442 |
| Insurance | $75,724 |
| All other expenses | $268,590 |
| Total functional expenses | $6,394,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,400,767 |
| Savings and temporary cash investments | $40,342,691 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,531 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $85,689,415 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $642,208 |
| Net Land, buildings, and equipment | $7,668,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $99,254 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,721,242 |
| Total assets | $163,691,323 |
| Accounts payable and accrued expenses | $1,573,780 |
| 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 | $150,683,147 |
| Total liabilities | $152,256,927 |
| 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 | $11,434,396 |
| Total liabilities and net assets/fund balances | $163,691,323 |
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