Educational Community Credit Union
Nonprofit profile at a glance
- EIN
- 436041095
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Springfield, MO, USA
- Phone
- 4178310534
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $4,008,223
- Expenses
- $3,578,228
- Assets
- $75,273,628
- Liabilities
- $68,799,281
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- ROBERT HERREN (PRESIDENT)
- ANITA H COOKE (VICE PRESIDENT)
Highest reported compensation
- ROBERT HERREN (PRESIDENT): $130,591 total reported compensation
- JOEL D KAUFLIN (OFFICER): $115,841 total reported compensation
- ERIC LUMLEY (OFFICER): $111,155 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We are a financial cooperative providing savings & loan products and ancillary services to our current members, as well as financial education to our entire field of membership. Approved field of membership: 1) any current or retired faculty or staff member of any educational institution, public library, or any educationally sponsored or affiliated organization of such persons, or any student of elementary, secondary, or highereducational level located within the following counties in Missouri: barry, barton, cedar, christian, dade, dallas, douglas, greene, howell, jasper, laclede, lawrence, mcdonald, newton, Oregon, ozark, polk, shannon, taney, Texas, vernon, webster and wright. 2) any educational alumni in the aforementioned counties. 3) any family member of a person eligible to join this credit union. 4) any employee of this credit union.
What it reported doing in 2024
Member benefits including dividend on member savings, interest on member certificates of deposit, and ncusif share guarantee insurance backed by the u.s. Treasury, same as fdic insurance for banks. Total members served is 8,508. Presented credit union ideals of saving for a rainy day and loans for only provident and productive purposes to current and potential members at back-to-school teacher's training meetings, school functions, and through other advertising campaigns. Signed up 186 new members in 2024 as a result of these various campaigns.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 72
- Sustainability: 61
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 10.7%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 21.04; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 16%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: -31.9% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 3 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $131K · 14 people listed
- Consistency: 11 of 11 current checks pass
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 17/100.