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Nonprofit · EIN 48-0668113

ARK VALLEY CREDIT UNION

Tax-exempt · ARKANSAS CITY, KS 67005

Financials

$2.7M$2.1M2023$3.3M$2.6M2024
Revenue Expenses · by fiscal year end
Financials of ARK VALLEY CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,321,242$2,642,978$678,264$54,967,303$47,350,990$7,616,313
December 31, 2023990$2,694,909$2,124,288$570,621$55,615,224$48,692,695$6,922,529
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,814,490
Investment income
$488,316
Royalties
$18,436
Other revenue
$18,436

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$136,950
Other salaries and wages
$601,307
Salaries, compensation and benefits (total)
$988,911
Professional fundraising fees
$0
Accounting fees
$120,262
Occupancy
$106,859
Depreciation
$151,496

Balance sheet and other

Total assets, start of year
$55,615,224
Total assets, end of year
$54,967,303
Total liabilities, end of year
$47,350,990
Net assets, end of year
$7,616,313
Land, buildings and equipment
$2,343,198
Gross unrelated business income
$3,628
Gross receipts
$3,321,242
Employees
21
Volunteers
0
Year formed
1955
State of legal domicile
KS

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KIM ANNELERPRESIDENT/CEO
Officer
40$136,950$8,727
MITCH REICHLECHAIRMAN
Trustee or director
1$0$0
STEVE BOWERVICE CHAIRMAN
Trustee or director
1$0$0
BARRY THOMPSONSECRETARY
Trustee or director
1$0$0
SHERI QUICKTREASURER
Trustee or director
1$0$0
MARK MCCASLINDIRECTOR
Trustee or director
1$0$0
WALTER SANDERSDIRECTOR
Trustee or director
1$0$0
MARY SCHMIDTDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
KIM ANNELERPRESIDENT/CEO
Officer
40$127,673$18,341
MITCH REICHLECHAIRMAN
Trustee or director
1$0$0
STEVE BOWERVICE CHAIRMAN
Trustee or director
1$0$0
BARRY THOMPSONSECRETARY
Trustee or director
1$0$0
SHERI QUICKTREASURER
Trustee or director
1$0$0
MARK MCCASLINDIRECTOR
Trustee or director
1$0$0
WALTER SANDERSDIRECTOR
Trustee or director
1$0$0
MARY SCHMIDTDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1515 N SUMMIT ST, ARKANSAS CITY, KS 67005-1503
Principal officer (990 for 2024)
KIM ANNELER, 1515 NORTH SUMMIT, ARKANSAS CITY, KS 67005
Signed the 990
KIM ANNELER, PRESIDENT/CEO
Phone
(620) 442-8210
Return prepared by
J TENBRINK & ASSOCIATES

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 9,907 MEMBERS.
  • PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2024, THERE WERE 3,378 LOANS OUTSTANDING TOTALING $34,462,602.
  • PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $268,135 FOR THE YEAR.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
48-0668113
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1955
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$54,967,303
Income (IRS master file)
$3,321,242

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,321,242$2,642,978$54,967,303XML
990December 2023$2,694,909$2,124,288$55,615,224XML
990December 2022$2,311,141$2,082,495$49,527,356IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 48-0668113).

Questions about ARK VALLEY CREDIT UNION

What is the EIN of ARK VALLEY CREDIT UNION?
The employer identification number (EIN) of ARK VALLEY CREDIT UNION is 48-0668113.
Is ARK VALLEY CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1955.
Are donations to ARK VALLEY CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ARK VALLEY CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ARK VALLEY CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ARK VALLEY CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ARK VALLEY CREDIT UNION?
The 990 for the year ended December 31, 2024 names KIM ANNELER.
Who are the officers and directors of ARK VALLEY CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $136,950 (KIM ANNELER, PRESIDENT/CEO).
How much revenue does ARK VALLEY CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,321,242, expenses of $2,642,978 and total assets of $54,967,303 at year end.

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