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Nonprofiteer
← TEAMSTERS CREDIT UNION

Form 990 for tax year 2024

Filed by TEAMSTERS CREDIT UNION.

Totals

Total revenue
$781,849
Total expenses
$764,219
Contributions and grants received
$2,800
Grants paid
$2,000
Program service revenue
$643,632
Investment income
$135,417
Other revenue
$0
Total assets, end of year
$14,072,331
Total liabilities, end of year
$12,772,048
Net assets or fund balances, end of year
$1,300,283
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,800

  • 2a · Program service revenue: INTEREST ON LOANS

    total $546,977 · related or exempt $546,977

  • 2b · Program service revenue: OTHER MEMBER RELATED REVENUE

    total $50,710 · related or exempt $50,710

  • 2c · Program service revenue: MEMBER FEE INCOME

    total $43,945 · related or exempt $43,945

  • 2d · Program service revenue: FEE & INSURANCE INCOME

    total $2,000 · unrelated business $2,000

  • 3 · Investment income

    total $135,417 · excluded $135,417

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000

  • 5 · Compensation of officers, directors and key employees

    total $156,124

  • 7 · Other salaries and wages

    total $111,736

  • 8 · Pension plan contributions

    total $18,591

  • 9 · Other employee benefits

    total $50,728

  • 10 · Payroll taxes

    total $20,492

  • 11b · Fees: legal

    total $3,785

  • 11c · Fees: accounting

    total $8,175

  • 12 · Advertising and promotion

    total $5,632

  • 13 · Office expenses

    total $87,626

  • 14 · Information technology

    total $116,138

  • 16 · Occupancy

    total $460

  • 19 · Conferences, conventions and meetings

    total $12,325

  • 20 · Interest

    total $5

  • 22 · Depreciation, depletion and amortization

    total $10,361

  • 23 · Insurance

    total $13,337

  • 24a · Other expenses: DIVIDEND EXPENSE

    total $96,373

  • 24b · Other expenses: CREDIT LOSS EXPENSE

    total $47,531

  • 24c · Other expenses: GRANT EXPENDITURES

    total $2,800

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $160,648 · end of year $151,246

  • 2 · Savings and temporary cash investments

    beginning of year $2,038,884 · end of year $3,131,911

  • 7 · Other notes and loans receivable

    beginning of year $7,520,687 · end of year $7,889,464

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,819 · end of year $24,576

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

    $42,862

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

    $28,425

  • 10c · Land, buildings and equipment, net

    beginning of year $24,100 · end of year $14,437

  • 13 · Investments: program-related

    beginning of year $4,002,500 · end of year $2,706,500

  • 15 · Other assets

    beginning of year $151,930 · end of year $154,197

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,954 · end of year $18,953

  • 25 · Other liabilities

    beginning of year $12,607,961 · end of year $12,753,095

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,282,653 · end of year $1,300,283

Mission and programs · 2024

Mission

TEAMSTERS CREDIT UNION PLEDGES TO HELP HARD-WORKING TEAMSTERS AND THEIR FAMILIES BY OFFERING SIMPLE AND FAIR LOANS. AS A DIRECT UNION-BENEFIT PROVIDER, WE ARE DEDICATED TO BUILDING LIFELONG FINANCIAL RELATIONSHIPS BY OFFERING SUPERIOR SERVICE TO OUR MEMBERS - ONE MEMBER AT A TIME.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 143 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 1,848 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 160 NEW LOANS TO MEMBERS DURING 2024. AS OF 12/31/24 WE HAD 617 LOANS TO OUR MEMBERS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrea Adams

    PRESIDENT

    Total calculated
    $108,988
    From this org
    $86,109
    From related orgs
    $0
    Other
    $22,879
    Hours/week
    40
  • Shelly Nelson

    VICE PRESIDE

    Total calculated
    $86,321
    From this org
    $70,015
    From related orgs
    $0
    Other
    $16,306
    Hours/week
    40
  • Tony Winchester

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Mike Winkel

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Sandy Kisch

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Jeff Eckman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Scott Kroona

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Terry Hoye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Paul Slattery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 April 2025
IRS schema version
2024v5.0
Source object
202531129349302303

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