Totals
- Total revenue
- $2,158,808
- Total expenses
- $2,079,495
- Contributions and grants received
- $25,825
- Grants paid
- $0
- Program service revenue
- $1,850,594
- Investment income
- $282,389
- Other revenue
- $0
- Total assets, end of year
- $34,824,427
- Total liabilities, end of year
- $31,513,831
- Net assets or fund balances, end of year
- $3,310,596
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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.
-
1f · All other contributions, gifts and grants
$25,825
-
2a · Program service revenue: LOAN INTEREST
total $1,213,062 · related or exempt $1,213,062
-
2b · Program service revenue: FEE INCOME
total $637,532 · related or exempt $637,532
-
3 · Investment income
total $282,404 · excluded $282,404
-
7b · Less cost or other basis and sales expenses
securities $15
-
7c · Gain or loss
securities -$15
-
7d · Net gain or loss
total -$15 · related or exempt -$15
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $54,266
-
5 · Compensation of officers, directors and key employees
total $316,925
-
7 · Other salaries and wages
total $431,152
-
9 · Other employee benefits
total $78,870
-
10 · Payroll taxes
total $59,066
-
11b · Fees: legal
total $25,600
-
11c · Fees: accounting
total $27,700
-
11g · Fees: other
total $271,300
-
12 · Advertising and promotion
total $33,339
-
13 · Office expenses
total $70,170
-
16 · Occupancy
total $81,968
-
17 · Travel
total $1,438
-
19 · Conferences, conventions and meetings
total $950
-
22 · Depreciation, depletion and amortization
total $14,770
-
23 · Insurance
total $38,850
-
24a · Other expenses: DATA PROCESSING
total $165,187
-
24b · Other expenses: PROVISION FOR LOAN LOSS
total $128,022
-
24c · Other expenses: VISA EXPENSES
total $99,706
-
24d · Other expenses: LOAN SERVICING
total $85,096
-
24e · All other expenses
total $95,120
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $212,688 · end of year $218,822
-
4 · Accounts receivable
beginning of year $144,955 · end of year $58,575
-
5 · Loans and receivables from officers and key people
beginning of year $305,913 · end of year $328,136
-
7 · Other notes and loans receivable
beginning of year $23,856,942 · end of year $21,904,892
-
9 · Prepaid expenses and deferred charges
beginning of year $21,931 · end of year $42,920
-
10a · Land, buildings and equipment: cost or other basis
$872,703
-
10b · Land, buildings and equipment: accumulated depreciation
$353,668
-
10c · Land, buildings and equipment, net
beginning of year $524,000 · end of year $519,035
-
11 · Investments: publicly traded securities
beginning of year $39,458 · end of year $32,564
-
12 · Investments: other securities
beginning of year $11,352,609 · end of year $10,373,219
-
13 · Investments: program-related
beginning of year $402,638 · end of year $402,638
-
15 · Other assets
beginning of year $957,076 · end of year $943,626
-
17 · Accounts payable and accrued expenses
beginning of year $512,739 · end of year $517,770
-
25 · Other liabilities
beginning of year $33,819,827 · end of year $30,996,061
-
31 · Retained earnings, endowment or other funds
beginning of year $3,485,644 · end of year $3,310,596
Mission and programs · 2023
Mission
TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE-BASED EMPHASIS THAT RECOGNIZES THE MEMBERS' STATUS AS OWNERS.
-
DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 7,311 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 3,923 MEMBERS.
-
DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.
-
PROVISION FOR LOAN LOSS EXPENSE FOR MEMBER LOANS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
WENDY DRIVER
CEO
- Total calculated
- $113,082
- From this org
- $106,131
- From related orgs
- $0
- Other
- $6,951
- Hours/week
- 40
-
JEFF LANZEN
CLO
- Total calculated
- $83,811
- From this org
- $63,678
- From related orgs
- $0
- Other
- $20,133
- Hours/week
- 40
-
LINDSAY ANDEXLER
CEO
- Total calculated
- $78,174
- From this org
- $78,174
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
BONNIE GALL
CRO
- Total calculated
- $75,834
- From this org
- $68,942
- From related orgs
- $0
- Other
- $6,892
- Hours/week
- 40
-
DONNA GALLAVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAMES MARUNOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STANLEY PERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROB ROUTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BETTY ROYCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD STEFANKO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KAREN SZARKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 2023
- Filed
- 31 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421599349301152
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