Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INT & FEES ON LOANS

  total $103,666,429 · related or exempt $103,666,429

• 2b · Program service revenue: ATM INCOME

  total $9,023,929 · related or exempt $8,943,922 · unrelated business $80,007

• 2c · Program service revenue: FEES & SERVICE CHARGES

  total $5,508,885 · related or exempt $3,390,137 · unrelated business $2,118,748

• 2d · Program service revenue: MISC OPERATING INCOME

  total $4,713,423 · related or exempt $4,646,472 · unrelated business $66,951

• 2e · Program service revenue: GAIN ON SALE OF LOANS

  total $1,002,766 · related or exempt $1,002,766

• 3 · Investment income

  total $14,049,708 · excluded $14,049,708

• 7a · Gross sales of assets other than inventory

  securities $2,070,132

• 7b · Less cost or other basis and sales expenses

  securities $2,084,818 · other assets $111

• 7c · Gain or loss

  securities -$14,686 · other assets -$111

• 7d · Net gain or loss

  total -$14,797 · excluded -$14,797

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $271,742

• 5 · Compensation of officers, directors and key employees

  total $5,106,252

• 7 · Other salaries and wages

  total $21,054,837

• 8 · Pension plan contributions

  total $1,118,505

• 9 · Other employee benefits

  total $3,919,671

• 10 · Payroll taxes

  total $2,070,347

• 11b · Fees: legal

  total $82,761

• 11c · Fees: accounting

  total $344,093

• 11d · Fees: lobbying

  total $23,056

• 11f · Fees: investment management

  total $82,754

• 11g · Fees: other

  total $1,926,134

• 12 · Advertising and promotion

  total $1,893,044

• 13 · Office expenses

  total $3,442,680

• 14 · Information technology

  total $11,862,512

• 16 · Occupancy

  total $2,249,132

• 19 · Conferences, conventions and meetings

  total $240,109

• 20 · Interest

  total $37,476,881

• 22 · Depreciation, depletion and amortization

  total $2,398,974

• 23 · Insurance

  total $541,342

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $13,117,857

• 24b · Other expenses: LOAN SERVICING EXPENSES

  total $3,191,660

• 24c · Other expenses: MISC OPERATING EXPENSE

  total $1,467,850

• 24d · Other expenses: STAFF AND OFFICIAL EXPE

  total $1,395,716

• 24e · All other expenses

  total $120,971

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $165,258,027 · end of year $15,835,836

• 2 · Savings and temporary cash investments

  end of year $188,761,152

• 4 · Accounts receivable

  beginning of year $214,823 · end of year $24,938,536

• 7 · Other notes and loans receivable

  beginning of year $1,890,608,123 · end of year $1,961,644,923

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,221,612 · end of year $3,649,437

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

  $60,742,069

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

  $37,131,620

• 10c · Land, buildings and equipment, net

  beginning of year $24,587,615 · end of year $23,610,449

• 11 · Investments: publicly traded securities

  beginning of year $230,734,288 · end of year $185,857,608

• 12 · Investments: other securities

  beginning of year $2,300,154 · end of year $4,439,771

• 15 · Other assets

  beginning of year $34,776,725 · end of year $37,699,589

• 17 · Accounts payable and accrued expenses

  beginning of year $24,191,785 · end of year $23,657,969

• 21 · Escrow or custodial account liability

  beginning of year $912,054 · end of year $583,797

• 25 · Other liabilities

  beginning of year $2,079,942,779 · end of year $2,151,999,631

• 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 $246,654,749 · end of year $270,195,904

The filer's explanations (Part III)

PART I, LINE 1A

THE CEO'S EMPLOYMENT AGREEMENT ALLOWS FOR THE COST OF SPOUSE TRAVEL FOR 3 CONFERENCES A YEAR. BOARD POLICY ALLOWS FOR SPOUSE/DOMESTIC PARTNER ALLOWANCE OF $599 ANNUALLY WHILE ACCOMPANYING AN OFFICIAL ON CREDIT UNION-RELATED TRAINING. THE CEO'S ALLOWANCE IS NOT TREATED AS TAXABLE COMPENSATION, WHEREAS THE OFFICIAL'S ALLOWANCE IS TREATED AS TAXABLE COMPENSATION.

PART I, LINE 4B

LINDSEY R SALVESTRIN, 457(F) PLAN - $162,906 COLLEEN BOCCIA, 457(F) PLAN - $60,340 MICHAEL D FLOREA, 457(F) PLAN - $48,133 JAMES B. WOOD III, 457(F) PLAN - $39,055 MARC T TIMM, 457(F) PLAN - $49,337 WENDY SMITH, 457(F) PLAN - $41,453 PENNY R. HARRIS, 457(F) PLAN - $48,448 MARK C MICHAELS, 457(F) PLAN - $41,426 HEATHER FRIEND, 457(F) PLAN - $16,500

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• COLUMBIA COMMUNITY CORPORATION

  INACTIVE - USED TO BE INVEST & INS FUNCTION; COMBINED INTO CU IN 2004 · WA · income $0 · assets $5,000

  Directly controlled by COLUMBIA COMMUNITY CREDIT UNION