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Nonprofiteer
← 1322 COMMUNITY STAR CREDIT UNION INC

Form 990 for tax year 2022

Filed by 1322 COMMUNITY STAR CREDIT UNION INC.

Totals

Total revenue
$4,333,361
Total expenses
$3,913,969
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,120,207
Investment income
$213,154
Other revenue
$0
Total assets, end of year
$93,835,301
Total liabilities, end of year
$85,788,909
Net assets or fund balances, end of year
$8,046,392
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,521,847

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: LOAN INTEREST

    total $2,480,360 · related or exempt $2,480,360

  • 2b · Program service revenue: FEE INCOME

    total $1,002,748 · related or exempt $1,002,748

  • 2c · Program service revenue: OTHER OPERATING INCOME

    total $650,740 · related or exempt $650,740

  • 2d · Program service revenue: OTHER NON OPERATING INC

    total -$13,641 · related or exempt -$13,641

  • 3 · Investment income

    total $213,154 · related or exempt $213,154

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $268,495

  • 5 · Compensation of officers, directors and key employees

    total $519,970

  • 7 · Other salaries and wages

    total $1,266,499

  • 11c · Fees: accounting

    total $18,000

  • 11g · Fees: other

    total $449,143

  • 13 · Office expenses

    total $156,416

  • 14 · Information technology

    total $466,883

  • 16 · Occupancy

    total $200,683

  • 19 · Conferences, conventions and meetings

    total $17,487

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $55,577 · program services $55,577

  • 24b · Other expenses: LOAN SERVICING

    total $297,141 · program services $297,141

  • 24c · Other expenses: EDUCATION AND PROMOTION

    total $131,542 · program services $131,542

  • 24d · Other expenses: OPERATING FEES

    total $66,133 · program services $66,133

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,277,377 · end of year $1,390,052

  • 2 · Savings and temporary cash investments

    beginning of year $9,499,747 · end of year $918,323

  • 5 · Loans and receivables from officers and key people

    beginning of year $378,524 · end of year $596,512

  • 7 · Other notes and loans receivable

    beginning of year $48,136,383 · end of year $60,632,314

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

    $5,456,089

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

    $3,240,715

  • 10c · Land, buildings and equipment, net

    beginning of year $1,979,142 · end of year $2,215,374

  • 12 · Investments: other securities

    beginning of year $27,114,931 · end of year $25,462,401

  • 13 · Investments: program-related

    beginning of year $501,302 · end of year $501,302

  • 15 · Other assets

    beginning of year $1,798,444 · end of year $2,119,023

  • 17 · Accounts payable and accrued expenses

    beginning of year $371,316 · end of year $554,967

  • 25 · Other liabilities

    beginning of year $82,687,534 · end of year $85,233,942

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,627,000 · end of year $8,046,392

Mission and programs · 2022

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.

  • DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.

    Expenses $1,786,469

  • DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS AND IN-PERSON AT CREDIT UNION OFFICE.

    Expenses $466,883

  • DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 16,600 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 8,450 MEMBERS

    Expenses $268,495

As filed on the 2022 return.

Listed in Part VII

  • Mark Patterson

    HCE

    Total calculated
    $135,370
    From this org
    $135,370
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Jezewski

    CEO

    Total calculated
    $127,000
    From this org
    $127,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • John Radolec

    CFO

    Total calculated
    $89,350
    From this org
    $89,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Heidi Matias

    COO

    Total calculated
    $86,200
    From this org
    $86,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Richard Nock

    CLO

    Total calculated
    $82,050
    From this org
    $82,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Joshua Mack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Kiedrowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Hetrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Markle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • R Patrick Sutter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elijah Wreh

    VICE CHAIR

    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
2022
Filed
29 August 2023
IRS schema version
2022v5.0
Source object
202322439349301212

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