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Nonprofiteer
← MOBILE GOVERNMENT EMPLOYEES CU

Form 990 for tax year 2023

Filed by MOBILE GOVERNMENT EMPLOYEES CU.

Totals

Total revenue
$620,832
Total expenses
$620,385
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$158,334
Investment income
$462,498
Other revenue
$0
Total assets, end of year
$20,865,997
Total liabilities, end of year
$17,653,524
Net assets or fund balances, end of year
$3,212,473
Program services expenses (Part IX)
$0
Management and general expenses
$620,385
Fundraising expenses
$0
Program service expenses (Part III)
$620,724

Program services were 0.0% 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: INTEREST ON LOANS

    total $154,042 · related or exempt $154,042

  • 2b · Program service revenue: FEE INCOME

    total $4,292 · related or exempt $4,292

  • 3 · Investment income

    total $462,498 · related or exempt $462,498

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $252,720 · management and general $252,720

  • 10 · Payroll taxes

    total -$11,887 · management and general -$11,887

  • 13 · Office expenses

    total $24,384 · management and general $24,384

  • 20 · Interest

    total $284,846 · management and general $284,846

  • 24a · Other expenses: PROFESSIONAL AND OUTSIDE

    total $52,034 · management and general $52,034

  • 24b · Other expenses: OPERATING FEES

    total $8,444 · management and general $8,444

  • 24c · Other expenses: MISC OP EXP

    total $6,774 · management and general $6,774

  • 24d · Other expenses: EDUCATIONAL AND PROMOTION

    total $3,070 · management and general $3,070

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,480 · end of year $131,777

  • 2 · Savings and temporary cash investments

    beginning of year $18,797,015 · end of year $16,317,015

  • 4 · Accounts receivable

    beginning of year $3,279,245 · end of year $3,717,871

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,323 · end of year $11,539

  • 12 · Investments: other securities

    beginning of year $420,000 · end of year $420,000

  • 15 · Other assets

    beginning of year $278,945 · end of year $267,795

  • 17 · Accounts payable and accrued expenses

    beginning of year $153,927 · end of year $180,206

  • 24 · Unsecured notes and loans payable

    end of year $800,000

  • 25 · Other liabilities

    beginning of year $19,477,055 · end of year $16,673,318

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,632,565 · end of year $1,632,565

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,599,461 · end of year $1,579,908

Mission and programs · 2023

Mission

CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 714 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

Activities or mission (Part I)

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.

  • THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.

    Expenses $379,362

  • THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.

    Expenses $241,362

As filed on the 2023 return.

Listed in Part VII

  • Winifred Maiben

    MANAGER/BOD

    Total calculated
    $74,880
    From this org
    $74,880
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Debra Bradshaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janet Driskell

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    1

  • Curtis Flakes

    BOARD VICE P

    Total calculated
    $0
    Hours/week
    1

  • Betsy Hicks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Ivey

    SUPERVI COMM

    Total calculated
    $0
    Hours/week
    1

  • Lauren Locklier

    CREDIT COMM

    Total calculated
    $0
    Hours/week
    1

  • Clara Potter

    SUPERVISORY

    Total calculated
    $0
    Hours/week
    1

  • Sonya Rodgers

    CREDIT COMM

    Total calculated
    $0
    Hours/week
    1

  • Lita Trotter

    SUPERVISORY

    Total calculated
    $0
    Hours/week
    1

  • Karen Williams

    CREDIT COMM

    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
2023
Filed
22 April 2024
IRS schema version
2023v5.0
Source object
202401169349302450

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