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Nonprofiteer
← EPB EMPLOYEES CREDIT UNION

Form 990 for tax year 2022

Filed by EPB EMPLOYEES CREDIT UNION.

Totals

Total revenue
$1,322,569
Total expenses
$1,004,525
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,322,569
Investment income
$0
Other revenue
$0
Total assets, end of year
$41,594,068
Total liabilities, end of year
$38,277,485
Net assets or fund balances, end of year
$3,316,583
Program services expenses (Part IX)
$1,004,525
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,004,525

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LOAN INTERST

    total $835,971 · related or exempt $835,971

  • 2b · Program service revenue: INVESTMENT INTEREST

    total $370,066 · related or exempt $370,066

  • 2c · Program service revenue: FEE INCOME

    total $59,242 · related or exempt $59,242

  • 2d · Program service revenue: OTHER INCOME

    total $57,290 · related or exempt $57,290

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $125,673 · program services $125,673

  • 5 · Compensation of officers, directors and key employees

    total $97,358 · program services $97,358

  • 7 · Other salaries and wages

    total $265,010 · program services $265,010

  • 8 · Pension plan contributions

    total $10,918 · program services $10,918

  • 9 · Other employee benefits

    total $83,320 · program services $83,320

  • 10 · Payroll taxes

    total $27,973 · program services $27,973

  • 16 · Occupancy

    total $59,842 · program services $59,842

  • 20 · Interest

    total $1,713 · program services $1,713

  • 24a · Other expenses: PROFESSIONAL & OUTSIDE SVC

    total $103,775 · program services $103,775

  • 24b · Other expenses: OFFICE OPERATIONS

    total $183,193 · program services $183,193

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total -$105,672 · program services -$105,672

  • 24d · Other expenses: LOAN SERVICING

    total $124,841 · program services $124,841

  • 24e · All other expenses

    total $26,581 · program services $26,581

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $316,412 · end of year $231,644

  • 2 · Savings and temporary cash investments

    beginning of year $3,225,826 · end of year $428,302

  • 7 · Other notes and loans receivable

    beginning of year $17,311,704 · end of year $18,825,314

  • 10a · Land, buildings and equipment: cost or other basis

    $1,064,815

  • 10b · Land, buildings and equipment: accumulated depreciation

    $606,999

  • 10c · Land, buildings and equipment, net

    beginning of year $461,167 · end of year $457,816

  • 13 · Investments: program-related

    beginning of year $19,893,480 · end of year $21,299,997

  • 15 · Other assets

    beginning of year $647,375 · end of year $350,995

  • 17 · Accounts payable and accrued expenses

    beginning of year $343,752 · end of year $376,923

  • 25 · Other liabilities

    beginning of year $37,483,463 · end of year $37,900,562

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,028,749 · end of year $3,316,583

Mission and programs · 2022

Mission

STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 2,574 MEMBERS TO PROMOTE THRIFT, ISSUE SHARES AND MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED.

  • STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 2,574 MEMBERS TO PROMOTE THRIFT, ISSUE SHARES AND MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED. ALL OF OUR REVENUE AND EXPENDITURES ARE RELATED TO THIS PURPOSE.

    Expenses $1,004,525 · Revenue $1,322,569

As filed on the 2022 return.

Listed in Part VII

  • Jerry B Trotter

    CEO

    Total calculated
    $97,358
    From this org
    $97,358
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • James C Million

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Angela Love

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • David Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Sandee Bingham

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dale McLeod

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Wendall Boring

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Pam Baker

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333179349302253

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