Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOANS TO MEMBERS

  total $40,327,268 · related or exempt $40,327,268

• 2b · Program service revenue: FEES/CHARGES/OTHER

  total $12,330,492 · related or exempt $12,330,492

• 2c · Program service revenue: INVESTMENT SERVICES

  total $201,101 · unrelated business $201,101

• 2d · Program service revenue: NON-MEMBER ATM FEE INC

  total $78,585 · unrelated business $78,585

• 2e · Program service revenue: NON-MEMBER NOTARY FEE

  total $5,205 · unrelated business $5,205

• 3 · Investment income

  total $2,214,627 · excluded $2,214,627

• 6a · Gross rents

  real property $500,677

• 6b · Less rental expenses

  real property $333,056

• 6c · Rental income or loss

  real property $167,621

• 6d · Net rental income or loss

  total $167,621 · excluded $167,621

• 7a · Gross sales of assets other than inventory

  securities $4,607,880

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

  securities $4,795,245

• 7c · Gain or loss

  securities -$187,365

• 7d · Net gain or loss

  total -$187,365 · related or exempt -$187,365

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,000

• 5 · Compensation of officers, directors and key employees

  total $2,459,908

• 7 · Other salaries and wages

  total $10,933,352

• 8 · Pension plan contributions

  total $800,805

• 9 · Other employee benefits

  total $3,014,734

• 10 · Payroll taxes

  total $1,020,296

• 11b · Fees: legal

  total $107,190

• 11c · Fees: accounting

  total $265,532

• 11g · Fees: other

  total $3,196,679

• 12 · Advertising and promotion

  total $861,206

• 13 · Office expenses

  total $2,281,384

• 14 · Information technology

  total $1,273,059

• 16 · Occupancy

  total $532,220

• 17 · Travel

  total $132,256

• 19 · Conferences, conventions and meetings

  total $5,666

• 20 · Interest

  total $3,662,977

• 21 · Payments to affiliates

  total $53,511

• 22 · Depreciation, depletion and amortization

  total $1,406,977

• 23 · Insurance

  total $163,940

• 24a · Other expenses: LOAN SERVICING

  total $5,235,419

• 24b · Other expenses: PROVISION FOR LOAN LOSS

  total $2,537,349

• 24c · Other expenses: MAINTENANCE

  total $484,166

• 24d · Other expenses: ATM EXPENSES

  total $261,834

• 24e · All other expenses

  total $172,456

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,232,833 · end of year $4,622,395

• 2 · Savings and temporary cash investments

  beginning of year $147,258,018 · end of year $22,575,599

• 4 · Accounts receivable

  beginning of year $3,805,273 · end of year $1,596,931

• 7 · Other notes and loans receivable

  beginning of year $739,426,635 · end of year $923,760,339

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,258,323 · end of year $971,207

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

  $43,237,152

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

  $11,788,759

• 10c · Land, buildings and equipment, net

  beginning of year $29,895,782 · end of year $31,448,393

• 11 · Investments: publicly traded securities

  beginning of year $97,588,413 · end of year $94,693,319

• 12 · Investments: other securities

  beginning of year $6,956,700 · end of year $7,571,100

• 15 · Other assets

  beginning of year $26,899,599 · end of year $30,518,035

• 17 · Accounts payable and accrued expenses

  beginning of year $22,652,184 · end of year $18,155,437

• 23 · Secured mortgages and notes payable

  end of year $36,000,000

• 25 · Other liabilities

  beginning of year $939,073,393 · end of year $960,337,010

• 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 $97,595,999 · end of year $103,264,871

The filer's explanations (Part III)

PART I, LINE 4B

DURING 2022, THE BELOW-LISTED EMPLOYEES PARTICIPATED IN A NON-QUALIFIED 457(F) DEFERRED COMPENSATION PLAN. DOLLAR AMOUNTS REPORTED REPRESENT THE ACCRUED BENEFIT EXPENSE INCURRED BY THE CREDIT UNION DURING 2022. ROCH, KAREN- $43,555 BIRR, ROBERT- $58,666 CRUZ, DIANA- $18,667 LOVELAND, CONNIE- $30,800 GREEN, DANIELLE- $20,000 POLODSKI, KELLY- $11,667 DOUNG, NING- $28,000 BROWN, CHERYL- $16,000 DURING 2022, THE BELOW-LISTED EMPLOYEES DEFERRED THE FOLLOWING AMOUNTS TO A NON-QUALIFIED 457(B) PLAN: ROCH, KAREN- $20,500 BIRR, ROBERT- $20,500 CRUZ, DIANA- $14,000 DOUNG, NING- $13,653 GREEN, DANIELLE- $5,442 SCOTT GRUNDY, FORMER CIO, RECIEVED A 457(F) PAYOUT OF $70,000.