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Reliance Credit Union

Not tax-deductible

Kansas City, KSMutual-benefit / member-servingMutual / membership EIN 48-0466445Revenue $1.2M in FY2025

On file with the IRSreliancecu.org540 Minnesota Ave, 66101-2930 · Kansas City, KSTax-exempt since Jan 1978

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To provide high quality financial services for our members/owners, enhancing their financial well-being while maintaining the financial strength of the Credit Union.

Run by 14 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $62K a year · 6% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$130K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
155 mo
of spending, in cash
Looks good: 155.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21.7M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+13% vs prior year
Spent
$903K
Net assets
$3.9M
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$997K
FY2021$831K
FY2022$877K
FY2023$990K
FY2024$1.1M
FY2025$1.2M
Expenses
$903K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$847K
FY2022$927K
FY2023$984K
FY2024$953K
FY2025$903K
Net assets
$3.9M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$3.5M
FY2022$3.5M
FY2023$3.5M
FY2024$3.6M
FY2025$3.9M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990; $130K paid to officers and key staff.

Part VII, Section A · reportable compensation
Kenneth Armstrong
President/CEO
$130,115Pt VII · Sec A
Michael Anaya
Vice Chairperson
$0Pt VII · Sec A
Matt Krieg
Treasurer
$0Pt VII · Sec A
Jerry Schrick
Secretary
$0Pt VII · Sec A
Dana Gilbert
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Todd Jordan
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kenneth Armstrong$130,115$124,025$116,834$110,134$102,945$20,372

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers members high-quality financial services to improve their well-being and strengthen the credit union.

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Provided by the organization

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3 programs · in their own filed words · FY2025
01

Provides a source of credit to members at a fair and reasonable rate of interest. As of december 31, 2025, loans outstanding totaled $12,334,951, including loan participations.

Pt IX · col B
02

Provides financial and financially related services to 1,822 members.

Pt IX · col B
03

Paid dividends on member deposits totaling $78,724 for the year.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$226K
Other incomeLn 4–11$5K
Money outPt IX
$903K
Ln 25
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$11.7M
Total assetsLn 16$25.6M
LiabilitiesLn 26$21.7M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$226K
Other incomeLn 4–11$5K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$251K
SavingsLn 2$11.4M
Cash and savings togetherLn 1–2$11.7M
InvestmentsLn 11–13$100K
Land, buildings, equipmentLn 10c$25K
Other assetsLn 15$295K
Total assetsLn 16$25.6M
LiabilitiesLn 26$21.7M
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 510
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$12.8M$11.7M
InvestmentsLn 11–13$100K
Land, buildings, equipmentLn 10c$29K$25K
Total assetsLn 16$25.2M$25.6M
LiabilitiesLn 26$21.6M$21.7M
Net assetsLn 32$3.6M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K
Grants to domestic individualsLn 2$2K
Pay of current officers, directors and key staffLn 5$146K
Other salaries and wagesLn 7$190K
Pension plan contributionsLn 8$9K
Other employee benefitsLn 9$34K
Payroll taxesLn 10$25K
Legal feesLn 11b$50
Accounting feesLn 11c$19K
Other fees for servicesLn 11g$21K
Advertising and promotionLn 12$5K
Office expensesLn 13$196K
Information technologyLn 14$69K
OccupancyLn 16$12K
Conferences, conventions and meetingsLn 19$260
InterestLn 20$41
Depreciation, depletion and amortizationLn 22$8K
InsuranceLn 23$21K
Other expenses (24a–d)Ln 24$116K
All other expensesLn 24e$25K
Total functional expensesLn 25$903K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$903K$332K$3.9M 990 PDF
FY2024 $1.1M$953K$143K$3.6M 990 PDF
FY2023 $990K$984K$6K$3.5M 990 PDF
FY2022 $877K$927K−$49K$3.5M 990 PDF
FY2021 $831K$847K−$16K$3.5M 990 PDF
FY2020 $997K$1.0M−$45K$3.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,235,106 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $903,874$1,003,421
I-10 Investment incomePrior year $186,948$226,268
I-11 Other revenuePrior year $5,124$5,417
I-12 Total revenuePrior year $1,095,946$1,235,106
I-13 Grants and similar amounts paidPrior year $2,500$7,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $375,718$403,442
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $574,932$491,859
I-18 Total expensesPrior year $953,150$902,801
I-19 Revenue less expensesPrior year $142,796$332,305
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,235,106 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $997,623 · Unrelated business $5,798$1,003,421
VIII-3 Investment incomeRelated to mission $226,268$226,268
VIII-5 RoyaltiesRelated to mission $5,417$5,417
VIII-12 Total revenueRelated to mission $1,229,308 · Unrelated business $5,798 · Excluded from tax $0$1,235,106
Part IX · Statement of functional expenses $902,801 across 20 lines filed
IX-1 Grants to domestic organizations$6,000
IX-2 Grants to domestic individuals$1,500
IX-5 Pay of current officers, directors and key staff$145,713
IX-7 Other salaries and wages$190,039
IX-8 Pension plan contributions$8,629
IX-9 Other employee benefits$33,997
IX-10 Payroll taxes$25,064
IX-11b Legal fees$50
IX-11c Accounting fees$18,925
IX-11g Other fees for services$20,961
IX-12 Advertising and promotion$4,657
IX-13 Office expenses$196,066
IX-14 Information technology$68,594
IX-16 Occupancy$11,606
IX-19 Conferences, conventions and meetings$260
IX-20 Interest$41
IX-22 Depreciation, depletion and amortization$8,146
IX-23 Insurance$21,220
IX-24 Other expenses (24a–d)$116,049
IX-24e All other expenses$25,284
IX-25 Total functional expenses$902,801
Part X · Balance sheet $25,595,769 assets, 13 lines filed
Asset lines not itemized here account for $13,400,463; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $172,106$250,829
X-2 Savings and temporary cash investmentsStart of year $12,648,020$11,421,990
X-9 Prepaid expenses and deferred chargesStart of year $36,857$102,019
X-10c Land, buildings and equipment, netStart of year $29,039$24,539
X-12 Other securities$100,479
X-15 Other assetsStart of year $291,436$295,450
X-16 Total assetsStart of year $25,177,105$25,595,769
X-17 Accounts payable and accrued expensesStart of year $59,943$51,323
X-19 Deferred revenueStart of year $2,100$2,100
X-25 Other liabilitiesStart of year $21,500,368$21,594,805
X-26 Total liabilitiesStart of year $21,569,125$21,655,484
X-32 Total net assets or fund balancesStart of year $3,607,980$3,940,285
X-33 Total liabilities and net assetsStart of year $25,177,105$25,595,769
Part XI · Reconciliation of net assets $3,940,285 net assets at year end
XI-1 Total revenue$1,235,106
XI-2 Total expenses$902,801
XI-3 Revenue less expenses$332,305
XI-4 Net assets at start of year$3,607,980
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,940,285

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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