Civic Intelligence

Volt Credit Union

990 • Fiscal year 2020 • EIN 44-0444090

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileWWW.VOLTCU.ORG

View Organization Page

PO Box 1217Springfield, MO 65801-1217

(417) 862-0471

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.92x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

42nd percentile

19.21x

Higher debt load relative to revenue than 42% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Net Margin

18th percentile

1.1%

Higher net margin than 18% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$176,090

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Asset Growth

68th percentile

18%

Faster asset growth than 68% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

89th percentile

8.0%

Faster revenue growth than 89% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$82,438,586

Up $12,502,319 (+18%) from 2019

Net Assets

Up

$6,928,826

Up $67,628 (+1.0%) from 2019

Liabilities

Up

$75,509,760

Up $12,434,691 (+20%) from 2019

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin18th percentile

Revenue

Up

$3,930,624

Up $291,367 (+8.0%) from 2019

Expenses

Up

$3,886,843

Up $427,355 (+12%) from 2019

Net Income

Down

$43,781

Down $135,988 (-76%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $51,346,758Liabilities 2010: $46,153,667Net Assets 2010: $5,193,0912010Assets 2011: $54,855,212Liabilities 2011: $49,388,300Net Assets 2011: $5,466,9122011Assets 2012: $57,211,199Liabilities 2012: $51,626,787Net Assets 2012: $5,584,4122012Assets 2013: $57,404,797Liabilities 2013: $51,789,414Net Assets 2013: $5,615,3832013Assets 2014: $59,636,330Liabilities 2014: $53,997,429Net Assets 2014: $5,638,9012014Assets 2015: $62,190,558Liabilities 2015: $56,470,417Net Assets 2015: $5,720,1412015Assets 2016: $64,330,629Liabilities 2016: $58,528,257Net Assets 2016: $5,802,3722016Assets 2017: $64,068,273Liabilities 2017: $57,670,705Net Assets 2017: $6,397,5682017Assets 2018: $65,015,176Liabilities 2018: $58,367,530Net Assets 2018: $6,647,6462018Assets 2019: $69,936,267Liabilities 2019: $63,075,069Net Assets 2019: $6,861,1982019Assets 2020: $82,438,586Liabilities 2020: $75,509,760Net Assets 2020: $6,928,8262020Assets 2021: $89,720,423Liabilities 2021: $82,604,174Net Assets 2021: $7,116,2492021Assets 2022: $90,479,481Liabilities 2022: $83,143,139Net Assets 2022: $7,336,3422022Assets 2023: $88,669,976Liabilities 2023: $81,089,552Net Assets 2023: $7,580,4242023Assets 2024: $86,217,150Liabilities 2024: $78,402,671Net Assets 2024: $7,814,4792024

Highlighted filing

2020

Assets$82,438,586
Liabilities$75,509,760
Net Assets$6,928,826
Open 2020 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $2,584,1782010Expenses 2011: $2,428,8612011Expenses 2012: $2,414,5802012Revenue 2013: $2,306,829Expenses 2013: $2,275,858Net Income 2013: $30,9712013Revenue 2014: $2,388,813Expenses 2014: $2,365,295Net Income 2014: $23,5182014Revenue 2015: $2,760,016Expenses 2015: $2,678,776Net Income 2015: $81,2402015Revenue 2016: $3,040,470Expenses 2016: $2,926,422Net Income 2016: $114,0482016Revenue 2017: $3,500,557Expenses 2017: $2,899,778Net Income 2017: $600,7792017Revenue 2018: $3,350,690Expenses 2018: $3,092,401Net Income 2018: $258,2892018Revenue 2019: $3,639,257Expenses 2019: $3,459,488Net Income 2019: $179,7692019Revenue 2020: $3,930,624Expenses 2020: $3,886,843Net Income 2020: $43,7812020Revenue 2021: $3,925,967Expenses 2021: $3,728,016Net Income 2021: $197,9512021Revenue 2022: $4,130,929Expenses 2022: $3,886,485Net Income 2022: $244,4442022Revenue 2023: $4,733,729Expenses 2023: $4,462,251Net Income 2023: $271,4782023Revenue 2024: $5,300,505Expenses 2024: $5,070,898Net Income 2024: $229,6072024

Highlighted filing

2020

Revenue$3,930,624
Expenses$3,886,843
Net Income$43,781
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$4,473,124
Mission and Program Overview

Mission

Our mission is to help members build long-term financial security.

The credit union exists to help members build long-term financial security.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$44,752,660$48,501,838▲ $3,749,178
Savings and Temporary Cash Investments$15,518,675$24,091,807▲ $8,573,132
Rtn Earn Endowment Incm Other Fnds$6,861,198$6,928,826▲ $67,628
Land, Buildings, and Equipment, Net$4,581,714$5,088,994▲ $507,280
Investments Other Securities$1,506,229$959,417▼ $546,812
Cash and Non-Interest-Bearing Accounts$951,572$756,613▼ $194,959
Prepaid Expenses and Deferred Charges$264,749$323,138▲ $58,389
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$69,936,267$82,438,586▲ $12,502,319
Other Assets Total$2,360,668$2,716,779▲ $356,111
Liabilities
Other Liabilities$62,722,886$75,117,108▲ $12,394,222
Accounts Payable and Accrued Expenses$343,706$390,848▲ $47,142
Escrow Account Liability$8,477$1,804▼ $6,673
Total Liabilities$63,075,069$75,509,760▲ $12,434,691
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,861,198$6,928,826▲ $67,628
Total Liabilities and Net Assets / Fund Balance$69,936,267$82,438,586▲ $12,502,319

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,532,389$48,005$3,580,394
Equipment$576,824$853,511$1,430,335
Land$979,781-$979,781
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Loretta RoneyPresident/CEOFT$144,489$31,601$176,090

Board Members and Trustees

NameTitle
Bill JamesonChairman
Randy TuckerVice Chairman
Charles JohnsonDirector
Lisa AlexanderDirector
Mark RosenauerDirector
Laurie PeetersSecretary
Darrell DeckerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ross Construction Group LLCConstruction3100 E DIVISION STREET, Springfield, MO 65802$348,695
Revenue and Support

Revenue Composition

Contributions and Grants
$2,500
Program Service Revenue
$3,477,734
Investment Income
$427,976
Other Revenue
$22,414
All Other Contributions
$2,500
Change in Net Assets
$43,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,312,563
Salaries, Compensation, and Employee Benefits$1,557,385
Grants and Similar Amounts Paid$16,895
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,112,401
Fees for Services Other---$403,338
Information Technology---$292,539
Occupancy---$201,094
Advertising---$184,867
Office Expenses---$178,911
Current Officers, Directors, Trustees, and Key Employees---$176,090
Depreciation Depletion---$154,218
Other Employee Benefits---$142,904
Payroll Taxes---$98,356
Pension Plan Contributions---$27,634
Insurance---$27,581
Fees for Services Accounting---$26,081
Other Expenses---$25,462
Grants to Domestic Orgs---$13,895
Conferences and Meetings---$10,991
Fees for Services Legal---$5,998
Grants to Domestic Individuals---$3,000
Travel---$1,863
All Other Expenses---$1,382
Total Functional Expenses$0$0$0$3,886,843
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Community Foundation of the Ozarks IncSpringfield, MO501(c)(3)To Assist Agency Partners Improve the Quality of Life in Springfield and the Surrounding Areas, Helping Those Who Need Help the Most.$13,408
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$75,117,108
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union is mutually owned by members.”

Form 990, Part VI, Section A, Line 7A

“The board of directors are elected by the credit union members.”

Form 990, Part VI, Section A, Line 7B

“Certain significant changes are subject to approval by the credit union members; however, no such changes were made during the year.”

Form 990, Part VI, Section B, Line 11B

“The president/ceo reviews the form 990 with the director of accounting.”

Form 990, Part VI, Section B, Line 12C

“On an annual basis, all volunteers, including board members, are required to review the conflict of interest policy, disclose any interests that could give rise to conflicts, and submit a signed statement to that effect. These statements are maintained on file at the credit union.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews the president's performance and determines compensation using various information, including the compease salary administration program. Compensation for all other management is determined by the president and presented as part of the budget package to the board of directors for approval. The board's deliberations and decisions are documented in the minutes.”

Form 990, Part VI, Section C, Line 19

“Financial statements are presented at the annual meeting and available upon request. In addition, the ncua website posts financial information as part of the quarterly call reports. Other documents, policies and procedures are available upon request.”

Filing and Contact Details

Filer

Filer Name
Volt Credit Union
EIN
44-0444090
Phone
4178620471
Address
PO BOX 1217, SPRINGFIELD, MO 65801-1217

Signing Officer

Name
Loretta Roney
Title
President/CEO
Phone
4178620471
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Loretta Roney
Formed
1935
Legal Domicile
Mo
Voting Board Members
7
Independent Board Members
7
Employees
34
Volunteers
9

Preparer

Firm
J Tenbrink & Associates
Address
11272 S RIDGEVIEW RD, OLATHE, KS 66061
Preparer
Gerald Tenbrink
Phone
9138946214
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Debit, visa & atm expenses 298,247. Other professional & outside services 105,091.”

Financial Statement Notes

PART IV, LINE 2B:

“The credit union maintains escrow funds for expenses related to member mortgages serviced by truhome.”

Raw XML AppendixShowing 400 of 423 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0343706
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0390848
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CREDIT UNION EXISTS TO HELP MEMBERS BUILD LONG-TERM FINANCIAL SECURITY.
IRS990/AdvertisingGrp/TotalAmt0184867
IRS990/AllOtherContributionsAmt02500
IRS990/AllOtherExpensesGrp/TotalAmt01382
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LORETTA RONEY
IRS990/BooksInCareOfDetail/PhoneNum04178620471
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02624 W REPUBLIC ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0SPRINGFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0658074070
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0951572
IRS990/CashNonInterestBearingGrp/EOYAmt0756613
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0176090
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt010991
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0348695
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt03100 E DIVISION STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SPRINGFIELD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd065802
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ROSS CONSTRUCTION GROUP LLC
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02500
IRS990/CYGrantsAndSimilarPaidAmt016895
IRS990/CYInvestmentIncomeAmt0427976
IRS990/CYOtherExpensesAmt02312563
IRS990/CYOtherRevenueAmt022414
IRS990/CYProgramServiceRevenueAmt03477734
IRS990/CYRevenuesLessExpensesAmt043781
IRS990/CYSalariesCompEmpBnftPaidAmt01557385
IRS990/CYTotalExpensesAmt03886843
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03930624
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0154218
IRS990/Desc0PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 7,614 MEMBERS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt034
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EscrowAccountLiabilityGrp/BOYAmt08477
IRS990/EscrowAccountLiabilityGrp/EOYAmt01804
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt026081
IRS990/FeesForServicesLegalGrp/TotalAmt05998
IRS990/FeesForServicesOtherGrp/TotalAmt0403338
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt723891
IRS990/Form990PartVIISectionAGrp/PersonNm0BILL JAMESON
IRS990/Form990PartVIISectionAGrp/PersonNm1RANDY TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm2LAURIE PEETERS
IRS990/Form990PartVIISectionAGrp/PersonNm3DARRELL DECKER
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK ROSENAUER
IRS990/Form990PartVIISectionAGrp/PersonNm5LISA ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLES JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm7LORETTA RONEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7152199
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01935
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0133517
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt013895
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0676017
IRS990/GrossReceiptsAmt04473124
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0292539
IRS990/InsuranceGrp/TotalAmt027581
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0294459
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0294459
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01506229
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0959417
IRS990/IRPDocumentCnt01506
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0901516
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04581714
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05088994
IRS990/LandBldgEquipCostOrOtherBssAmt05990510
IRS990/LegalDomicileStateCd0MO
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0542500
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EXCELLENT MEMBER SERVICE IS, AND WILL CONTINUE TO BE, THE PRIMARY MISSION OF COMMUNITY FINANCIAL CREDIT UNION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06861198
IRS990/NetAssetsOrFundBalancesEOYAmt06928826
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0133517
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0133517
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt023847
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0201094
IRS990/OfficeExpensesGrp/TotalAmt0178911
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02360668
IRS990/OtherAssetsTotalGrp/EOYAmt02716779
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0142904
IRS990/OtherExpensesGrp/Desc0MEMBER DIVIDENDS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/TotalAmt0359348
IRS990/OtherExpensesGrp/TotalAmt1246293
IRS990/OtherExpensesGrp/TotalAmt2192597
IRS990/OtherExpensesGrp/TotalAmt325462
IRS990/OtherLiabilitiesGrp/BOYAmt062722886
IRS990/OtherLiabilitiesGrp/EOYAmt075117108
IRS990/OtherSalariesAndWagesGrp/TotalAmt01112401
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt044752660
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt048501838
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt098356
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt027634
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0264749
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0323138
IRS990/PrincipalOfficerNm0LORETTA RONEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2WARRANTY SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02552432
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1888281
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02552432
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1900257
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225045
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt011976
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt125045
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2020, THERE WERE 8,037 LOANS OUTSTANDING TOTALING $48,719,654.
IRS990/ProgSrvcAccomActy3Grp/Desc0PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $359,348 FOR THE YEAR.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04117
IRS990/PYGrantsAndSimilarPaidAmt03000
IRS990/PYInvestmentIncomeAmt0365063
IRS990/PYOtherExpensesAmt01981344
IRS990/PYOtherRevenueAmt021861
IRS990/PYProgramServiceRevenueAmt03248216
IRS990/PYRevenuesLessExpensesAmt0179769
IRS990/PYSalariesCompEmpBnftPaidAmt01475144
IRS990/PYTotalExpensesAmt03459488
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03639257
IRS990/ReconcilationRevenueExpnssAmt043781
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt022414
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt022414
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06861198
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06928826
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015518675
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024091807
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03532389
IRS990ScheduleD/BuildingsGrp/DepreciationAmt048005
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03580394
IRS990ScheduleD/EquipmentGrp/BookValueAmt0576824
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0853511
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01430335
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0979781
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0979781
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075117108
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION MAINTAINS ESCROW FUNDS FOR EXPENSES RELATED TO MEMBER MORTGAGES SERVICED BY TRUHOME.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05088994
IRS990ScheduleD/TotalLiabilityAmt075117108
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt013408
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST AGENCY PARTNERS IMPROVE THE QUALITY OF LIFE IN SPRINGFIELD AND THE SURROUNDING AREAS, HELPING THOSE WHO NEED HELP THE MOST.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COMMUNITY FOUNDATION OF THE OZARKS INC
IRS990ScheduleI/RecipientTable/RecipientEIN0237290968
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0425 EAST TRAFFICWAY STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SPRINGFIELD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd065806
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0144489
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount07710
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt021833
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt02058
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LORETTA RONEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0176090
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION USING VARIOUS INFORMATION, INCLUDING THE COMPEASE SALARY ADMINISTRATION PROGRAM. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1LORETTA RONEY, PRESIDENT/CEO IS A PARTICIPANT IN A 457(F) DEFERRED COMPENSATION PLAN. IN 2020, THE CREDIT UNION RECORDED $14,615 EXPENSE RELATED TO HER PLAN AND NO DISTRIBUTIONS WERE MADE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT/CEO REVIEWS THE FORM 990 WITH THE DIRECTOR OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON AN ANNUAL BASIS, ALL VOLUNTEERS, INCLUDING BOARD MEMBERS, ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND SUBMIT A SIGNED STATEMENT TO THAT EFFECT. THESE STATEMENTS ARE MAINTAINED ON FILE AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION USING VARIOUS INFORMATION, INCLUDING THE COMPEASE SALARY ADMINISTRATION PROGRAM. COMPENSATION FOR ALL OTHER MANAGEMENT IS DETERMINED BY THE PRESIDENT AND PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING AND AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES AND PROCEDURES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DEBIT, VISA & ATM EXPENSES 298,247. OTHER PROFESSIONAL & OUTSIDE SERVICES 105,091.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt069936267
IRS990/TotalAssetsEOYAmt082438586
IRS990/TotalAssetsGrp/BOYAmt069936267
IRS990/TotalAssetsGrp/EOYAmt082438586
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt02500
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/TotalAmt03886843
IRS990/TotalGrossUBIAmt037021
IRS990/TotalLiabilitiesBOYAmt063075069
IRS990/TotalLiabilitiesEOYAmt075509760
IRS990/TotalLiabilitiesGrp/BOYAmt063075069
IRS990/TotalLiabilitiesGrp/EOYAmt075509760
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06861198
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06928826
IRS990/TotalOtherCompensationAmt023891
IRS990/TotalProgramServiceRevenueAmt03477734
IRS990/TotalReportableCompFromOrgAmt0152199
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03891103
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03930624
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt037021
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt069936267
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt082438586
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01863
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02624 W REPUBLIC ROAD
IRS990/USAddress/CityNm0SPRINGFIELD
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd0658074070
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.VOLTCU.ORG
IRS990/WhistleblowerPolicyInd01
IRS990/WrittenPolicyOrProcedureInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LORETTA RONEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04178620471
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VOLT CREDIT UNION

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$82,438,586
Liabilities
$75,509,760
Net assets
$6,928,826
Revenue
$3,930,624
Expenses
$3,886,843
Net income
$43,781
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.2$78.4$7.81$5.30$5.07$0.23
2023Detailed filing. Detailed filing data is available for this year.$88.7$81.1$7.58$4.73$4.46$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.5$83.1$7.34$4.13$3.89$0.24
2021Detailed filing. Detailed filing data is available for this year.$89.7$82.6$7.12$3.93$3.73$0.20
2020Detailed filing. Detailed filing data is available for this year.$82.4$75.5$6.93$3.93$3.89$0.04
2019Detailed filing. Detailed filing data is available for this year.$69.9$63.1$6.86$3.64$3.46$0.18
2018Detailed filing. Detailed filing data is available for this year.$65.0$58.4$6.65$3.35$3.09$0.26
2017Detailed filing. Detailed filing data is available for this year.$64.1$57.7$6.40$3.50$2.90$0.60
2016Detailed filing. Detailed filing data is available for this year.$64.3$58.5$5.80$3.04$2.93$0.11
2015Detailed filing. Detailed filing data is available for this year.$62.2$56.5$5.72$2.76$2.68$0.08
2014Detailed filing. Detailed filing data is available for this year.$59.6$54.0$5.64$2.39$2.37$0.02
2013Detailed filing. Detailed filing data is available for this year.$57.4$51.8$5.62$2.31$2.28$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.2$51.6$5.58$2.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.9$49.4$5.47$2.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.3$46.2$5.19$2.58