Totals
- Total revenue
- $388,101
- Total expenses
- $399,196
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $336,699
- Investment income
- $51,402
- Other revenue
- $0
- Total assets, end of year
- $11,002,655
- Total liabilities, end of year
- $9,107,727
- Net assets or fund balances, end of year
- $1,894,928
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 0.0% 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 Income
total $290,462 · related or exempt $290,462 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Fee Income
total $12,375 · related or exempt $12,375 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Other Income-Interchange
total $12,935 · related or exempt $12,935 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Other Income
total $7,608 · related or exempt $5,673 · unrelated business $1,935 · excluded $0
-
2e · Program service revenue: Membership Capital recovered
total $13,319 · related or exempt $13,319 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $51,402 · related or exempt $0 · unrelated business $0 · excluded $51,402
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $19,467
-
5 · Compensation of officers, directors and key employees
total $74,641
-
7 · Other salaries and wages
total $75,124
-
8 · Pension plan contributions
total $5,426
-
9 · Other employee benefits
total $11,491
-
10 · Payroll taxes
total $12,109
-
12 · Advertising and promotion
total $5,063
-
13 · Office expenses
total $107,062
-
14 · Information technology
total $39,457
-
16 · Occupancy
total $20,687
-
17 · Travel
total $0
-
19 · Conferences, conventions and meetings
total $12,377
-
22 · Depreciation, depletion and amortization
total $643
-
23 · Insurance
total $11,734
-
24a · Other expenses: Provision for Loan Loss
total -$2,585
-
24b · Other expenses: Dues
total $6,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $24,308 · end of year $19,819
-
2 · Savings and temporary cash investments
beginning of year $328,246 · end of year $66,420
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $5,886,862 · end of year $5,733,828
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $16,844 · end of year $13,473
-
10a · Land, buildings and equipment: cost or other basis
$1,930
-
10b · Land, buildings and equipment: accumulated depreciation
$1,801
-
10c · Land, buildings and equipment, net
beginning of year $772 · end of year $129
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $2,598,000 · end of year $2,848,000
-
13 · Investments: program-related
beginning of year $1,606,546 · end of year $2,097,890
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $197,577 · end of year $223,096
-
17 · Accounts payable and accrued expenses
beginning of year $21,111 · end of year $13,979
-
25 · Other liabilities
beginning of year $8,732,021 · end of year $9,093,748
-
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 $1,906,023 · end of year $1,894,928
Mission and programs · 2022
Mission
Provide savings, loans and other financial services to members at terms generally better than available in the marketplace and with a "service-based emphasis" that recognizes the members as "owners."
-
Multiple products offered to help the member, with reasonable terms and competitive rates.
-
Offer free checking accounts with a free VISA Debit Card to help members become financially responsible. Also free online/mobile banking with bill pay, remote deposit, Person to Person and Account to Account transfers between financial institutions. Also have free online statements. All services offered for free, to empower the member with tools for good money management.
-
Competitive dividends paid on approximately 1395 share savings accounts, money market accounts, club accounts and term share certificates, to help our 1004 members save for the future. Free online and mobile banking and electronic statements for the members to help monitor their finances.
As filed on the 2022 return.
Listed in Part VII
-
Jennifer Tiedman
President
- Total calculated
- $68,419
- From this org
- $65,188
- From related orgs
- $0
- Other
- $3,231
- Hours/week
- 33
-
Brian Ecker
Chair
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike Popek
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Dan Gerten
Vice Chair
- Total calculated
- $0
- Hours/week
- 0.5
-
Ray Kobler
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Quinton Vorhies
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 March 2023
- IRS schema version
- 2022v5.0
- Source object
- 202300829349301315
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