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Nonprofiteer
← ARCHER COOPERATIVE CREDIT UNION

Form 990 for tax year 2023

Filed by ARCHER COOPERATIVE CREDIT UNION.

Totals

Total revenue
$5,420,203
Total expenses
$4,693,345
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,176,763
Investment income
$243,440
Other revenue
$0
Total assets, end of year
$90,734,382
Total liabilities, end of year
$81,938,850
Net assets or fund balances, end of year
$8,795,532
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.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $4,461,864 · excluded $4,461,864

  • 2b · Program service revenue: FEE INCOME

    total $481,353 · excluded $481,353

  • 2c · Program service revenue: OTHER INCOME

    total $233,546 · excluded $233,546

  • 3 · Investment income

    total $243,440 · excluded $243,440

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $150,410

  • 7 · Other salaries and wages

    total $1,547,524

  • 8 · Pension plan contributions

    total $74,690

  • 9 · Other employee benefits

    total $306,953

  • 10 · Payroll taxes

    total $113,108

  • 11b · Fees: legal

    total $486

  • 11c · Fees: accounting

    total $5,800

  • 12 · Advertising and promotion

    total $147,273

  • 13 · Office expenses

    total $324,025

  • 16 · Occupancy

    total $126,108

  • 19 · Conferences, conventions and meetings

    total $62,538

  • 20 · Interest

    total $167,880

  • 22 · Depreciation, depletion and amortization

    total $226,240

  • 23 · Insurance

    total $32,505

  • 24a · Other expenses: DIVIDEND EXPENSE

    total $847,330

  • 24b · Other expenses: OTHER PROFESSIONAL FEES

    total $201,979

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $153,000

  • 24d · Other expenses: DATA PROCESSING

    total $107,491

  • 24e · All other expenses

    total $98,005

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,359,993 · end of year $1,170,088

  • 2 · Savings and temporary cash investments

    beginning of year $7,015,524 · end of year $3,431,499

  • 7 · Other notes and loans receivable

    beginning of year $69,447,961 · end of year $76,736,528

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,759 · end of year $125,599

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

    $5,002,719

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

    $1,525,564

  • 10c · Land, buildings and equipment, net

    beginning of year $3,632,077 · end of year $3,477,155

  • 11 · Investments: publicly traded securities

    beginning of year $2,933,849 · end of year $1,477,845

  • 15 · Other assets

    beginning of year $3,994,544 · end of year $4,315,668

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,088,438 · end of year $1,696,706

  • 23 · Secured mortgages and notes payable

    end of year $6,000,000

  • 25 · Other liabilities

    beginning of year $79,309,595 · end of year $74,242,144

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $5,164,694 · end of year $5,164,694

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,903,980 · end of year $3,630,838

Mission and programs · 2023

Mission

STATE CHARTERED CREDIT UNION.

  • N/A

  • N/A

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Kezeor

    PRESIDENT/ C

    Total calculated
    $150,410
    From this org
    $150,410
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,410
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $150,410

  • Tyson Benner

    CHIEF LENDIN

    Total calculated
    $102,577
    From this org
    $102,577
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tracey Heffner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Verlen Larsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ed McNeff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kim Ross

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Stettner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Wagner

    BOARD MEMBER

    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. 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

None.

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
2023
Filed
24 April 2024
IRS schema version
2023v5.0
Source object
202411229349300516

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