Hopi Credit Association
- Assets
- $2.6m
- Revenue
- $382.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Keams Canyon, AZ
- Founding
- 03/1956
- Data as of
- 12/2021
- EIN
- 86-6053269
Organization Overview
Hopi Credit Association is located in Keams Canyon, AZ. The organization was established in 1956. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Hopi Credit Association employed 3 individuals. This organization is the central organization for a national or regional group of organizations. Hopi Credit Association 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, Hopi Credit Association generated $382.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $361.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 years. 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 CARRY ON THE BUSINESS OF BORROWING MONEY AND RELENDING IT TO MEMBERS OF THE HOPI TRIBE FOR THEIR ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSUMER LENDING - PRIMARILY ENGAGED IN MAKING UNSECURED AND SECURED LOANS TO APPROXIMATELY 110 MEMBERS. MEMBERSHIP IS LIMITED TO MEMBERS OF THE HOPI TRIBE.DEVELOPMENT SERVICES - HOPI CREDIT ASSOCIATION PROVIDES DEVELOPMENT SERVICES TO THE HOPI RESERVATION. DEVELOPMENT SERVICES ARE FINANCIAL EDUCATION AND SMALL BUSINESS SUPPORT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alissa Charley Interim Ex Dir | OfficerTrustee | 40 | $59,584 |
Randolph Poleahla Vp/tr'surer/sec | OfficerTrustee | 1 | $2,213 |
Shawn Namoki Sr Vp/tr'surer/sec | Trustee | 1 | $2,200 |
Vaughn Sieweumptewa President | OfficerTrustee | 1 | $1,233 |
Katrina Silas Member | Trustee | 1 | $930 |
Gloria Grover Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $284,503 |
| 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 | $284,503 |
| Total Program Service Revenue | $97,095 |
| Investment income | $674 |
| 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 | $382,272 |
| 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. | $76,043 |
| Compensation of current officers, directors, key employees. | $52,089 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,566 |
| Payroll taxes | $9,834 |
| 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 | $75,514 |
| Advertising and promotion | $0 |
| Office expenses | $36,477 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,263 |
| Interest | $6,040 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,362 |
| Insurance | $5,609 |
| All other expenses | $3,089 |
| Total functional expenses | $361,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,641,104 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,084 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $864,756 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,536 |
| Net Land, buildings, and equipment | $67,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,594,030 |
| Accounts payable and accrued expenses | $50,387 |
| Grants payable | $0 |
| Deferred revenue | $67,558 |
| 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 | $300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $179,722 |
| Total liabilities | $597,667 |
| Net assets without donor restrictions | $1,996,363 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,594,030 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hopi Credit Association has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
First Nations Oweesta Corporation Longmont, CO PURPOSE: PASS THRU GRANT | $75,000 |
The Hopi Foundation Lomasuminagwtukwsiumani Kykotsmovi, AZ PURPOSE: SMALL BUSINESSES | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions In The State Of California Santa Maria, CA | $1,604,476,418 | $68,814,131 |
Helios Education Foundation Phoenix, AZ | $702,121,235 | $21,760,037 |
College Futures Foundation Oakland, CA | $607,414,225 | $89,017,526 |
Beneficial State Foundation Oakland, CA | $119,858,062 | $22,406,818 |
Access To Loans For Learning Student Loan Corporation El Segundo, CA | $475,895,632 | $11,096,332 |
Graduate School Of Banking At Colorado Westminster, CO | $2,772,489 | $3,050,126 |
Pacific Pension & Investment Institute San Francisco, CA | $2,414,289 | $2,850,359 |
Fresno Community Development Financial Institution Fresno, CA | $30,883,005 | $9,893,346 |
Hebrew Free Loan Association Of San Francisco San Francisco, CA | $28,447,595 | $4,532,322 |
Independent Bankers Of Colorado Littleton, CO | $1,034,405 | $984,421 |
Utah Microenterprise Loan Fund Salt Lake City, UT | $5,421,781 | $701,489 |
Third Party Payment Processors Association Llc Phoenix, AZ | $58,887 | $667,666 |