Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INCOME ON LOANS

  total $48,907,652 · related or exempt $48,907,652

• 2b · Program service revenue: FEES/CHARGES/OTHER INCOME

  total $23,282,640 · related or exempt $23,216,149 · unrelated business $66,491

• 3 · Investment income

  total $4,913,314 · excluded $4,913,314

• 7a · Gross sales of assets other than inventory

  other assets $1,253,744

• 7b · Less cost or other basis and sales expenses

  other assets $1,474,200

• 7c · Gain or loss

  other assets -$220,456

• 7d · Net gain or loss

  total -$220,456 · excluded -$220,456

• 11a · Other revenue: GAIN FROM ACQUISITION

  total $3,020,947 · excluded $3,020,947

• 11e · Other revenue, total

  $3,020,947

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $211,456

• 5 · Compensation of officers, directors and key employees

  total $2,558,814

• 6 · Compensation of disqualified persons

  total $58,277

• 7 · Other salaries and wages

  total $18,599,437

• 8 · Pension plan contributions

  total $3,625,328

• 9 · Other employee benefits

  total $2,536,873

• 10 · Payroll taxes

  total $1,688,103

• 11b · Fees: legal

  total $1,031,217

• 11c · Fees: accounting

  total $403,506

• 11g · Fees: other

  total $4,340,435

• 12 · Advertising and promotion

  total $1,572,144

• 13 · Office expenses

  total $2,959,709

• 14 · Information technology

  total $4,557,677

• 16 · Occupancy

  total $3,077,348

• 17 · Travel

  total $92,865

• 19 · Conferences, conventions and meetings

  total $12,383

• 20 · Interest

  total $5,076,762

• 22 · Depreciation, depletion and amortization

  total $3,319,586

• 23 · Insurance

  total $410,594

• 24a · Other expenses: DIVIDENDS PAID TO MEMBE

  total $7,661,245

• 24b · Other expenses: LOAN SERVICES

  total $7,427,317

• 24c · Other expenses: DEBIT AND CREDIT EXPENS

  total $1,662,173

• 24d · Other expenses: ATM EXPENSE

  total $647,158

• 24e · All other expenses

  total $1,525,792

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $15,917,146 · end of year $12,583,582

• 2 · Savings and temporary cash investments

  beginning of year $85,015,273 · end of year $39,300,021

• 4 · Accounts receivable

  beginning of year $148,841 · end of year $1,000

• 5 · Loans and receivables from officers and key people

  beginning of year $20,055,122 · end of year $14,451,832

• 7 · Other notes and loans receivable

  beginning of year $1,032,981,850 · end of year $1,286,073,280

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,870,743 · end of year $6,207,758

• 10a · Land, buildings and equipment: cost or other basis

  $83,928,733

• 10b · Land, buildings and equipment: accumulated depreciation

  $25,438,934

• 10c · Land, buildings and equipment, net

  beginning of year $51,640,638 · end of year $58,489,799

• 11 · Investments: publicly traded securities

  beginning of year $143,283,867 · end of year $133,503,804

• 12 · Investments: other securities

  beginning of year $31,327,917 · end of year $37,260,232

• 14 · Intangible assets

  beginning of year $0 · end of year $6,507,293

• 15 · Other assets

  beginning of year $54,641,940 · end of year $57,090,631

• 17 · Accounts payable and accrued expenses

  beginning of year $19,436,627 · end of year $19,777,270

• 21 · Escrow or custodial account liability

  beginning of year $10,599,822 · end of year $10,720,996

• 23 · Secured mortgages and notes payable

  beginning of year $45,781,051 · end of year $236,497,622

• 25 · Other liabilities

  beginning of year $1,253,163,154 · end of year $1,290,087,156

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $112,902,683 · end of year $94,386,188

The filer's explanations (Part III)

PART I, LINE 1A

IN TAX YEAR 2022, COLLINS COMMUNITY CREDIT UNION PROVIDED BOTH TAX INDEMNIFICATION AND GROSS-UP PAYMENTS AND HEALTH OR SOCIAL CLUB DUES TO STEPHANIE RUPERT, BENJAMIN WICKUM, AND RANDY JOHNSON. THESE BENEFITS ARE INCLUDED IN THEIR PART VII AND SCHEDULE J REPORTABLE COMPENSATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 1150 PROPERTIES LLC

  INACTIVE · IA · income $0 · assets $0

  Directly controlled by COLLINS COMMUNITY CU

• COLLINS HOLDING COMPANY CUSO LLC

  HOLDING COMPANY · IA · income $0 · assets $16,989,329

  Directly controlled by COLLINS COMMUNITY CU

• COLLINS LOAN SERVICES LLC

  COMMERCIAL LOANS · IA · income $2,021,332 · assets $78,309,470

  Directly controlled by COLLINS HOLDING COMPANY

• COURSEMARK LLC

  EXECUTIVE BENEFITS · IA · income -$1,057,081 · assets $625,934

  Directly controlled by COLLINS HOLDING COMPANY

• COLLINS INSURANCE SERVICES

  INSURANCE SERVICES · IA · income $236,701 · assets $6,811,900

  Directly controlled by COLLINS HOLDING COMPANY

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• NORTHTOWNE MARKET LOT 7 LLC

  RELATED · PROPERTY MANAGEMENT · IA · 75% owned · share of income $496,808 · share of assets $12,768,305

  Directly controlled by COLLINS HOLDING COMPANY CUSO LLC