LAMOURE CREDIT UNION

Address
203 7TH STREET SE PO BOX 178
LAMOURE, ND 58458
Contact
Website: http://www.lamourecu.com
Phone: +1 (701) 883-5241
Nonprofit
NTEE: W61 - Credit Unions
EIN: 45-0258543

Mission

THE ORG IS A STATE CHARTERED CREDIT UNION WHICH IS ORGANIZED AND OPERATED FOR MUTUAL PURPOSES.
 20172016201520142013
Basic features of the organization
Year of formation1940
Subsection code14
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$123,727.00$122,262.00$120,122.00$109,855.00$105,739.00
Sum of reportable (W2/1099) compensation$98,813.00$97,861.00$96,035.00$87,890.00$85,698.00
Number of employees66686
Number of people compensated >$100k00000
Number of volunteers 0000
Number of highly compensated contractors 0000
Personnel
Exner, Kathy
TitleDIRECTORDIRECTORDirectorDirectorDirector
Name of key/compensated personKATHY EXNERKATHY EXNERKathy ExnerKathy ExnerKathy Exner
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$100.00$100.00$90.00$90.00$90.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.00    
Lauf, Gloria
TitleSECRETARYSECRETARYSecretarySecretarySecretary
Name of key/compensated personGLORIA LAUFGLORIA LAUFGloria LaufGloria LaufGloria Lauf
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$120.00$130.00$120.00$120.00$120.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.00    
Musland, Eric
TitleMANAGERTREASURERMANAGER/TREASURERManager/TreasurerManager/TreasurerManager/Treasurer
Name of key/compensated personERIC MUSLANDERIC MUSLANDEric MuslandEric MuslandEric Musland
Position of compensated person
Average hours per week working for org50.0050.0050.0050.0050.00
Reportable compensation from org$98,199.00$97,195.00$95,424.00$87,274.00$85,188.00
Other comp, non-reportable, from org and related orgs$24,914.00$24,402.00$24,087.00$21,965.00$20,041.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.00    
Peterson, Kent
TitleDIRECTORDIRECTORDirectorDirectorDirector
Name of key/compensated personKENT PETERSONKENT PETERSONKent PetersonKent PetersonKent Peterson
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$120.00$120.00$110.00$110.00$120.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.00    
Siedschlag, Dale
TitlePRESIDENTPRESIDENTPresidentPresidentPresident
Name of key/compensated personDALE SIEDSCHLAGDALE SIEDSCHLAGDale SiedschlagDale SiedschlagDale Siedschlag
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$224.00$246.00$211.00$226.00$120.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.00    
Townsend, Barry
TitleVICE PRESIDENTVICE PRESIDENTVice PresidentVice PresidentVice President
Name of key/compensated personBARRY TOWNSENDBARRY TOWNSENDBarry TownsendBarry TownsendBarry Townsend
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$50.00$70.00$80.00$70.00$60.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE ORG IS A STATE CHARTERED CREDIT UNION WHICH IS ORGANIZED AND OPERATED FOR MUTUAL PURPOSES.THE ORG IS A STATE CHARTERED CREDIT UNION WHICH IS ORGANIZED AND OPERATED FOR MUTUAL PURPOSES.The org is a state chartered credit union which is organized and operated for mutual purposes.The org is a state chartered credit union which is organized and operated for mutual purposes.The org is a state chartered credit union which is organized and operated for mutual purposes.
Programs, including revenue & expenses
PROVIDE FINANCIAL SERVICES FOR CREDIT UNION MEMBERS, INCLUDING DEPOSIT ACCOUNTS AND LOANS TO MEMBERS. APPROXIMATELY 1250 CREDIT UNION MEMBERS WERE SERVED DURING 2017.
Program descriptionPROVIDE FINANCIAL SERVICES FOR CREDIT UNION MEMBERS, INCLUDING DEPOSIT ACCOUNTS AND LOANS TO MEMBERS. APPROXIMATELY 1250 CREDIT UNION MEMBERS WERE SERVED DURING 2017.PROVIDE FINANCIAL SERVICES FOR CREDIT UNION MEMBERS, INCLUDING DEPOSIT ACCOUNTS AND LOANS TO MEMBERS. APPROXIMATELY 1290 CREDIT UNION MEMBERS WERE SERVED DURING 2016.Provide financial services for credit union members, including deposit accounts and loans to members. Approximately 1300 credit union members were served during 2015.Provide financial services for credit union members, including deposit accounts and loans to members. Approximately 1300 credit union members were served during 2014.Provide financial services for credit union members, including deposit accounts and loans to members. Approximately 1,415 credit union members were served during 2013.
Financial data
Revenue
Total revenue$910,539.00$924,576.00$904,705.00$903,046.00$899,169.00
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$69,518.00$15,216.00$3,570.00$1,652.00$2,613.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$10,550.00$14,400.00$14,500.00$11,358.00$7,400.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$830,471.00$894,960.00$886,635.00$890,036.00$889,156.00
Gross receipts$910,539.00$924,576.00$904,705.00$903,046.00$899,169.00
Other types of revenue
Income from dividends, interest, and similar investments$69,518.00$15,216.00$3,570.00$1,652.00$2,613.00
Net rental income$10,550.00$14,400.00$14,500.00$11,358.00$7,400.00
Expense categories (totals)
Total functional expenses: sum of all$634,583.00$641,058.00$617,965.00$624,120.00$629,718.00
Total functional expenses: program service $0.00    
Total functional expenses: management and general$0.00    
Total functional expenses: fundraising$0.00    
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$25,650,378.00$26,001,450.00$25,733,240.00$24,860,381.00$25,217,093.00
Total assets, beginning of year$26,001,450.00$25,733,240.00$24,860,381.00$25,217,093.00$23,772,663.00
Total liabilities$22,447,687.00$23,074,715.00$23,090,023.00$22,501,967.00$23,137,605.00
Total liabilities, beginning of year$23,074,715.00$23,090,023.00$22,501,967.00$23,137,605.00$21,962,626.00
Net assets$3,202,691.00$2,926,735.00$2,643,217.00$2,358,414.00$2,079,488.00
Net assets, beginning of year$2,926,735.00$2,643,217.00$2,358,414.00$2,079,488.00$1,810,037.00
Other liabilities$22,414,810.00$23,041,673.00$23,036,071.00$22,454,136.00$23,067,131.00
Other assets$433,358.00$478,491.00$490,431.00$479,417.00$447,714.00
Other financial variables
Revenue less expenses$275,956.00$283,518.00$286,740.00$278,926.00$269,451.00
Advertising (total)$14,068.00$13,576.00$20,115.00$16,435.00$17,721.00
Savings & temp cash investment$9,451,816.00$8,411,155.00$7,015,436.00$6,820,297.00$7,598,343.00
Accounts receivable, net    $678.00
Prepaid expenses & deferred charges$9,857.00$10,687.00$12,095.00$11,720.00$11,355.00
Accounts payable & accrued expenses$32,877.00$33,042.00$53,952.00$47,831.00$70,474.00
Total net assets or fund balances$3,202,691.00$2,926,735.00$2,643,217.00$2,358,414.00$2,079,488.00
Depreciation, depletion, amortization$28,111.00$21,757.00$21,857.00$16,724.00$20,382.00
Governance and accountability
Number of voting members55555
Number of independent voting members55555
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-08-022017-08-212016-08-302015-07-232014-08-15
IRS schema version2017v2.22016v3.02015v2.12014v5.02013v3.0
Filing identifier201821309349300637201730909349300413201631139349300408201511319349301391201430529349300008
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