Totals
- Total revenue
- $12,473,369
- Total expenses
- $10,523,506
- Contributions and grants received
- $0
- Grants paid
- $126,263
- Program service revenue
- $12,207,222
- Investment income
- $266,147
- Other revenue
- $0
- Total assets, end of year
- $214,796,100
- Total liabilities, end of year
- $195,813,882
- Net assets or fund balances, end of year
- $18,982,218
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: Member Loan Interest Income
total $8,361,258 · related or exempt $8,361,258
-
2b · Program service revenue: Other Account Fees and Charges
total $2,706,452 · related or exempt $2,700,316 · unrelated business $6,136
-
2c · Program service revenue: Program Fees
total $1,140,182 · related or exempt $1,140,182
-
2d · Program service revenue: Investement in CU Prodigy
total -$670 · unrelated business -$670
-
3 · Investment income
total $292,667 · excluded $292,667
-
7a · Gross sales of assets other than inventory
securities $2,309 · other assets $119,987
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $148,816
-
7c · Gain or loss
securities $2,309 · other assets -$28,829
-
7d · Net gain or loss
total -$26,520 · excluded -$26,520
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $119,263
-
2 · Grants to domestic individuals
total $7,000
-
5 · Compensation of officers, directors and key employees
total $690,232
-
7 · Other salaries and wages
total $2,061,688
-
8 · Pension plan contributions
total $392,277
-
9 · Other employee benefits
total $464,716
-
10 · Payroll taxes
total $192,159
-
11b · Fees: legal
total $30,257
-
11c · Fees: accounting
total $36,000
-
11g · Fees: other
total $1,096,763
-
12 · Advertising and promotion
total $399,067
-
13 · Office expenses
total $1,910,198
-
14 · Information technology
total $61,044
-
16 · Occupancy
total $190,903
-
17 · Travel
total $184,950
-
19 · Conferences, conventions and meetings
total $5,405
-
20 · Interest
total $317
-
22 · Depreciation, depletion and amortization
total $320,283
-
23 · Insurance
total $83,098
-
24a · Other expenses: Provision for Loan Loss
total $1,262,043
-
24b · Other expenses: Dividends Expense
total $817,569
-
24c · Other expenses: Other non-interest expe
total $153,181
-
24d · Other expenses: Association Dues
total $45,093
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,266,727 · end of year $1,239,287
-
2 · Savings and temporary cash investments
beginning of year $14,326,254 · end of year $8,254,594
-
4 · Accounts receivable
beginning of year $2,925 · end of year $1,167
-
5 · Loans and receivables from officers and key people
beginning of year $1,574,692 · end of year $1,527,536
-
7 · Other notes and loans receivable
beginning of year $148,139,466 · end of year $175,234,315
-
9 · Prepaid expenses and deferred charges
beginning of year $754,109 · end of year $812,227
-
10a · Land, buildings and equipment: cost or other basis
$10,101,660
-
10b · Land, buildings and equipment: accumulated depreciation
$1,839,655
-
10c · Land, buildings and equipment, net
beginning of year $6,177,115 · end of year $8,262,005
-
12 · Investments: other securities
beginning of year $15,697,000 · end of year $14,226,000
-
15 · Other assets
beginning of year $5,733,084 · end of year $5,238,969
-
17 · Accounts payable and accrued expenses
beginning of year $356,860 · end of year $418,116
-
25 · Other liabilities
beginning of year $177,095,647 · end of year $195,395,766
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $17,218,865 · end of year $18,982,218
Mission and programs · 2022
Mission
To be our Member's favorite financial institution, to build long term member relationships, to exercise sound and ethical business practices, to help our members achieve financial success.
Activities or mission (Part I)
To be our Member's favorite financial institution by helping them achieve financial success.
-
Lewis Clark Credit Union is a non-profit financial institution located in North Idaho providing financial services including: savings accounts, checking accounts, money market accounts, certificates of deposit, and affordable credit loans to its members. LCCU serves 19,049 members in North Idaho and Eastern Washington. LCCU is a CDFI certified institution focused on making affordable credit loans to the underserved low income tracts in the communities it serves. Besides financials services, LCCU has awarded teacher grants, scholarships, and sponsorships to help better the future of its members and the communities it serves. (Continued on Schedule O).In 2022, the credit union saw strong growth in members, deposits, and loans through the end of the COVID pandemic and the beginning stages of historic interest rate increases. The credit union continued to experience asset growth throughout 2022, resulting in a regulatory net worth of 11.82% at year-end.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Trisha Baker
CEO
- Total calculated
- $421,477
- From this org
- $299,728
- From related orgs
- $0
- Other
- $121,749
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $251,378
- Bonus
- $48,350
- Other
- $0
- Deferred
- $103,332
- Nontaxable benefits
- $19,436
- Filer's total
- $422,496
-
Mary Light
IT Manager
- Total calculated
- $295,226
- From this org
- $180,950
- From related orgs
- $0
- Other
- $114,276
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,600
- Bonus
- $30,350
- Other
- $0
- Deferred
- $106,522
- Nontaxable benefits
- $8,594
- Filer's total
- $296,066
-
Amanda Nixon
VP Operations/CFO
- Total calculated
- $230,359
- From this org
- $179,962
- From related orgs
- $0
- Other
- $50,397
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,612
- Bonus
- $28,350
- Other
- $0
- Deferred
- $35,534
- Nontaxable benefits
- $15,442
- Filer's total
- $230,938
-
David Durrant
VP of Lending
- Total calculated
- $123,960
- From this org
- $102,769
- From related orgs
- $0
- Other
- $21,191
- Hours/week
- 40
-
Chad Smith
VP of Lending (Left Mid-Year)
- Total calculated
- $59,422
- From this org
- $59,422
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sherri Kumm
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
Katy Miller
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Christina Metcalf
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Susan Clark
Director
- Total calculated
- $0
- Hours/week
- 2
-
Gary Groff
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca Sarmiento
Director
- Total calculated
- $0
- Hours/week
- 2
-
Gary Bergen
Director (Left Mid-Year)
- Total calculated
- $0
- Hours/week
- 2
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Part I, Lines 4a-b
- The Organization deposited funds into a life insurance policy on the participant's life. During life, and subject to the policy generating sufficient values, the participant can borrow from the policy. At death, the organization recovers its premiums plus additional key-person insurance proceeds. There were no related amounts included as compensation for Trisha Baker during 2022. Chad Smith, Vice President of Lending, received compensation of $59,422 as part of a severance agreement during 2022. This amount is reported in Form 990, Part VII, Column D.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$20,000
Event Sponsorship
-
Event Sponsorship
-
Event Sponsorship
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313189349315201
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