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Nonprofiteer
← NATCO CREDIT UNION

Form 990 for tax year 2025

Filed by NATCO CREDIT UNION.

Totals

Total revenue
$16,253,678
Total expenses
$14,330,038
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,258,160
Investment income
$995,518
Other revenue
$0
Total assets, end of year
$152,020,124
Total liabilities, end of year
$128,234,165
Net assets or fund balances, end of year
$23,785,959
Program services expenses (Part IX)
$14,330,038
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$14,330,038

Program services were 100.0% 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 $10,029,201 · related or exempt $10,029,201

  • 2b · Program service revenue: FEE INCOME

    total $5,176,324 · related or exempt $5,176,324

  • 2c · Program service revenue: NON-MEMBER ATM AND INSURANCE

    total $52,635 · unrelated business $52,635

  • 3 · Investment income

    total $995,518 · excluded $995,518

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,050,012 · program services $5,050,012

  • 8 · Pension plan contributions

    total $138,132 · program services $138,132

  • 9 · Other employee benefits

    total $804,769 · program services $804,769

  • 10 · Payroll taxes

    total $370,065 · program services $370,065

  • 11g · Fees: other

    total $399,546 · program services $399,546

  • 12 · Advertising and promotion

    total $95,699 · program services $95,699

  • 13 · Office expenses

    total $1,038,072 · program services $1,038,072

  • 14 · Information technology

    total $325,751 · program services $325,751

  • 16 · Occupancy

    total $204,569 · program services $204,569

  • 19 · Conferences, conventions and meetings

    total $87,329 · program services $87,329

  • 20 · Interest

    total $6 · program services $6

  • 22 · Depreciation, depletion and amortization

    total $387,668 · program services $387,668

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $1,681,439 · program services $1,681,439

  • 24b · Other expenses: DIVIDEND EXPENSE

    total $1,227,504 · program services $1,227,504

  • 24c · Other expenses: ATM COSTS

    total $1,080,148 · program services $1,080,148

  • 24d · Other expenses: SHARE EXPENSES

    total $730,405 · program services $730,405

  • 24e · All other expenses

    total $708,924 · program services $708,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,114,613 · end of year $2,360,729

  • 2 · Savings and temporary cash investments

    beginning of year $8,619,117 · end of year $8,069,065

  • 4 · Accounts receivable

    beginning of year $67,773 · end of year $62,109

  • 5 · Loans and receivables from officers and key people

    beginning of year $81,041 · end of year $72,267

  • 7 · Other notes and loans receivable

    beginning of year $105,808,322 · end of year $112,943,855

  • 9 · Prepaid expenses and deferred charges

    beginning of year $569,451 · end of year $590,365

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

    $8,882,203

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

    $5,210,419

  • 10c · Land, buildings and equipment, net

    beginning of year $3,363,911 · end of year $3,671,784

  • 11 · Investments: publicly traded securities

    beginning of year $25,726,758 · end of year $21,868,589

  • 12 · Investments: other securities

    beginning of year $892,420 · end of year $151,000

  • 15 · Other assets

    beginning of year $2,564,526 · end of year $2,230,361

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,142,876 · end of year $501,814

  • 25 · Other liabilities

    beginning of year $128,890,586 · end of year $127,732,351

  • 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 $7,724,150 · end of year $8,536,841

  • 31 · Retained earnings, endowment or other funds

    beginning of year $13,050,320 · end of year $15,249,118

Mission and programs · 2025

Mission

COOPERATIVE FINANCIAL INSTITUTION.

Activities or mission (Part I)

COOPERATIVE FINANCIAL INSTITUTION

  • PROVIDING LOAN AND DEPOSIT SERVICES TO CREDIT UNION MEMBERS

    Expenses $14,330,038

As filed on the 2025 return.

Listed in Part VII

  • CYNTHIA DUKE

    CEO/PRESIDENT

    Total calculated
    $1,138,081
    From this org
    $1,138,081
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,138,081
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $1,138,081

  • MIKE HELMS

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • LINDA SHERROW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACK BUCKLAND

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • DAVID NUTTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAM PEARSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARL RINEHART

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SHERRY DILLON

    ADMINISTRATIVE DIRECTOR

    Total calculated
    $124,777
    From this org
    $124,777
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
13 May 2026
IRS schema version
2025v4.1
Source object
202611349349307326

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