Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS/VISA

  total $194,680,305 · related or exempt $194,680,305

• 2b · Program service revenue: FEES AND CHARGES

  total $15,693,671 · related or exempt $15,693,671

• 2c · Program service revenue: VISA/ATM INTERCHANGE I

  total $9,335,404 · related or exempt $9,200,453 · unrelated business $134,951

• 2d · Program service revenue: LOAN PARTICIPATION

  total $5,336,719 · related or exempt $5,336,719

• 2e · Program service revenue: CREDIT CARD INTERCHANG

  total $2,146,377 · related or exempt $2,146,377

• 2f · All other program service revenue

  total $9,166,908 · related or exempt $9,166,908

• 3 · Investment income

  total $15,616,956 · excluded $15,616,956

• 7a · Gross sales of assets other than inventory

  securities $83,000 · other assets $69,136

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $83,000 · other assets $69,136

• 7d · Net gain or loss

  total $152,136 · excluded $152,136

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $531,364

• 5 · Compensation of officers, directors and key employees

  total $3,886,322

• 7 · Other salaries and wages

  total $47,036,364

• 8 · Pension plan contributions

  total $2,375,057

• 9 · Other employee benefits

  total $6,607,597

• 10 · Payroll taxes

  total $4,235,286

• 11b · Fees: legal

  total $355,619

• 11c · Fees: accounting

  total $640,903

• 11g · Fees: other

  total $4,627,822

• 12 · Advertising and promotion

  total $3,254,001

• 13 · Office expenses

  total $12,181,678

• 14 · Information technology

  total $6,210,381

• 16 · Occupancy

  total $3,534,756

• 17 · Travel

  total $276,846

• 19 · Conferences, conventions and meetings

  total $28,295

• 20 · Interest

  total $58,220,673

• 22 · Depreciation, depletion and amortization

  total $4,612,339

• 23 · Insurance

  total $573,441

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $47,976,579

• 24b · Other expenses: LOAN SERVICING EXPENSE

  total $11,059,574

• 24c · Other expenses: BAD DEBT & OPERATING

  total $6,827,892

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,463,386 · end of year $24,258,019

• 2 · Savings and temporary cash investments

  beginning of year $202,907,289 · end of year $174,340,464

• 4 · Accounts receivable

  beginning of year $826,681 · end of year $1,053,334

• 5 · Loans and receivables from officers and key people

  beginning of year $58,899,163 · end of year $64,660,338

• 7 · Other notes and loans receivable

  beginning of year $2,969,370,957 · end of year $3,013,920,431

• 9 · Prepaid expenses and deferred charges

  beginning of year $23,108,701 · end of year $22,101,094

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

  $66,182,033

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

  $38,836,760

• 10c · Land, buildings and equipment, net

  beginning of year $17,681,316 · end of year $27,345,273

• 12 · Investments: other securities

  beginning of year $40,448,784 · end of year $72,824,296

• 15 · Other assets

  beginning of year $13,348,391 · end of year $5,018,540

• 17 · Accounts payable and accrued expenses

  beginning of year $328,295,034 · end of year $236,641,874

• 19 · Deferred revenue

  beginning of year $288,643 · end of year $257,431

• 25 · Other liabilities

  beginning of year $2,689,253,486 · end of year $2,823,695,773

• 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 $317,217,505 · end of year $344,926,711

The filer's explanations (Part III)

PART I, LINE 4B

GREGORY SCHUMACHER, EXECUTIVE VICE PRESIDENT, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $72,740 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $70,353 DISTRIBUTIONS WERE MADE FROM THE PLAN. TRACEY KEFFER, CHIEF OPERATING OFFICER, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $48,850 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $52,480 WERE MADE FROM THE PLAN. BRIAN ALFANO, CHIEF DIGITAL OFFICER, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $44,517 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $54,097 WERE MADE FROM THE PLAN. HEATHER BILLINGS, CHIEF MARKETING OFFICER, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $39,680 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $46,734 WERE MADE FROM THE PLAN. BRIAN KILLINGSWORTH, VP OF TECHNOLOGY SERVICES, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $28,256 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $22,612 WERE MADE FROM THE PLAN. JOHN SCHIFFER, SVP OF FINANCE, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $30,859 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $26,448 WERE MADE FROM THE PLAN. GREGORY YOUNG, VP OF INSURANCE SERVICES, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $29,048 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $26,501 WERE MADE FROM THE PLAN. ETHAN NELSON, VP OF CREDIT ADMINISTRATION, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $29,450 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $22,996 WERE MADE FROM THE PLAN. CHRISTOPHER WHITTAKER, SVP OF LENDING, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. TOTAL CONTRIBUTIONS OF $29,184 WERE MADE TO THE 457F PLAN IN 2024. TOTAL DISTRIBUTIONS OF $23,846 WERE MADE FROM THE PLAN.