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Nonprofiteer
← SCOTT CREDIT UNION

Form 990 for tax year 2022

Filed by SCOTT CREDIT UNION.

Totals

Total revenue
$84,339,279
Total expenses
$75,829,501
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$78,334,656
Investment income
$6,684,912
Other revenue
-$680,289
Total assets, end of year
$1,751,826,315
Total liabilities, end of year
$1,613,825,374
Net assets or fund balances, end of year
$138,000,941
Program services expenses (Part IX)
$75,829,501
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$75,829,501

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 $55,039,480 · related or exempt $55,039,480

  • 2b · Program service revenue: SERVICE FEES

    total $9,207,319 · related or exempt $9,197,054 · unrelated business $10,265

  • 2c · Program service revenue: OTHER OPERATING INCOME

    total $14,087,857 · related or exempt $13,424,971 · unrelated business $662,886

  • 3 · Investment income

    total $6,684,912 · related or exempt $6,684,912

  • 11a · Other revenue: OTHER GAINSLOSSES

    total -$680,289 · related or exempt -$680,289

  • 11e · Other revenue, total

    -$680,289

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,493,751 · program services $2,493,751

  • 7 · Other salaries and wages

    total $20,168,736 · program services $20,168,736

  • 8 · Pension plan contributions

    total $1,014,985 · program services $1,014,985

  • 9 · Other employee benefits

    total $3,135,415 · program services $3,135,415

  • 10 · Payroll taxes

    total $1,661,374 · program services $1,661,374

  • 11b · Fees: legal

    total $275,878 · program services $275,878

  • 11c · Fees: accounting

    total $318,908 · program services $318,908

  • 12 · Advertising and promotion

    total $2,505,838 · program services $2,505,838

  • 19 · Conferences, conventions and meetings

    total $148,303 · program services $148,303

  • 20 · Interest

    total $2,195,708 · program services $2,195,708

  • 22 · Depreciation, depletion and amortization

    total $3,139,169 · program services $3,139,169

  • 23 · Insurance

    total $418,957 · program services $418,957

  • 24a · Other expenses: SEE ATTACHED

    total $38,352,479 · program services $38,352,479

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,549,289 · end of year $19,002,276

  • 2 · Savings and temporary cash investments

    beginning of year $2,924,803 · end of year $1,864,406

  • 4 · Accounts receivable

    beginning of year $9,767,814 · end of year $11,081,296

  • 7 · Other notes and loans receivable

    beginning of year $1,105,057,866 · end of year $1,346,463,176

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,443,458 · end of year $2,772,756

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

    $71,754,907

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

    $36,503,042

  • 10c · Land, buildings and equipment, net

    beginning of year $36,005,991 · end of year $35,251,865

  • 13 · Investments: program-related

    beginning of year $416,114,059 · end of year $251,705,809

  • 15 · Other assets

    beginning of year $59,483,823 · end of year $83,684,731

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,150,679 · end of year $11,653,437

  • 25 · Other liabilities

    beginning of year $1,489,175,678 · end of year $1,602,171,937

  • 31 · Retained earnings, endowment or other funds

    beginning of year $141,020,746 · end of year $138,000,941

Mission and programs · 2022

Mission

TO SERVE MEMBERS NEEDS BY ACCEPTING DEPOSITS, GRANTING LOANS AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER.

  • SERVED MEMBERS INTERESTS BY ACCEPTING DEPOSITS, GRANTING LOANS AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER.

    Expenses $75,829,501

As filed on the 2022 return.

Listed in Part VII

  • FRANK M PADAK

    PRESIDENT & CEO

    Total calculated
    $737,201
    From this org
    $656,502
    From related orgs
    $0
    Other
    $80,699
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $508,871
    Bonus
    $141,235
    Other
    $6,396
    Deferred
    $42,070
    Nontaxable benefits
    $38,629
    Filer's total
    $737,201

  • SCOTT SEIDL

    EXEC VP

    Total calculated
    $401,281
    From this org
    $344,469
    From related orgs
    $0
    Other
    $56,812
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,678
    Bonus
    $24,910
    Other
    $1,881
    Deferred
    $21,231
    Nontaxable benefits
    $35,581
    Filer's total
    $401,281

  • SCOTT PETERS

    CFO

    Total calculated
    $307,559
    From this org
    $238,495
    From related orgs
    $0
    Other
    $69,064
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,882
    Bonus
    $14,803
    Other
    $810
    Deferred
    $32,627
    Nontaxable benefits
    $36,437
    Filer's total
    $307,559

  • DAVID BRESSIER

    CHIEF LENDING OFFICER

    Total calculated
    $278,588
    From this org
    $235,670
    From related orgs
    $0
    Other
    $42,918
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,112
    Bonus
    not reported
    Other
    $558
    Deferred
    $15,217
    Nontaxable benefits
    $27,701
    Filer's total
    $278,588

  • VAL RHODEN-KIMBROUGH

    CHIEF HUMAN RES OFFICER

    Total calculated
    $272,348
    From this org
    $223,323
    From related orgs
    $0
    Other
    $49,025
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,440
    Bonus
    $9,105
    Other
    $778
    Deferred
    $13,535
    Nontaxable benefits
    $35,490
    Filer's total
    $272,348

  • CARLA LAMBRECHT

    CIO

    Total calculated
    $256,769
    From this org
    $232,589
    From related orgs
    $0
    Other
    $24,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,272
    Bonus
    $9,086
    Other
    $1,231
    Deferred
    $14,434
    Nontaxable benefits
    $9,746
    Filer's total
    $256,769

  • JOANNA HERNANDEZ

    VP OF CONSUMER LENDING

    Total calculated
    $233,386
    From this org
    $187,499
    From related orgs
    $0
    Other
    $45,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,527
    Bonus
    $14,667
    Other
    $305
    Deferred
    $10,628
    Nontaxable benefits
    $35,259
    Filer's total
    $233,386

  • JEFFREY RODERICK

    VP OF INFO TECH

    Total calculated
    $218,199
    From this org
    $178,525
    From related orgs
    $0
    Other
    $39,674
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,977
    Bonus
    $9,339
    Other
    $209
    Deferred
    $7,250
    Nontaxable benefits
    $32,424
    Filer's total
    $218,199

  • TRICIA NEWTON

    HOME LOAN ADVISOR

    Total calculated
    $217,988
    From this org
    $205,198
    From related orgs
    $0
    Other
    $12,790
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $50,400
    Bonus
    $154,796
    Other
    $2
    Deferred
    $12,588
    Nontaxable benefits
    $202
    Filer's total
    $217,988

  • MICHELLE WAZLAWEK

    CHIEF MARKETING OFFICER

    Total calculated
    $213,669
    From this org
    $201,679
    From related orgs
    $0
    Other
    $11,990
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,745
    Bonus
    $8,585
    Other
    $349
    Deferred
    $11,434
    Nontaxable benefits
    $556
    Filer's total
    $213,669

  • WENDY ERHART

    CHIEF EXPERIENCE OFFICER

    Total calculated
    $212,719
    From this org
    $179,463
    From related orgs
    $0
    Other
    $33,256
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $77,284
    Bonus
    $14,718
    Other
    $87,461
    Deferred
    $5,719
    Nontaxable benefits
    $27,537
    Filer's total
    $212,719

  • DEANNA ONEILL

    VP HUMAN RESOURCES

    Total calculated
    $198,825
    From this org
    $154,898
    From related orgs
    $0
    Other
    $43,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,530
    Bonus
    $14,269
    Other
    $99
    Deferred
    $8,314
    Nontaxable benefits
    $35,613
    Filer's total
    $198,825

  • CHRIS KIEFFER

    COO

    Total calculated
    $196,310
    From this org
    $181,561
    From related orgs
    $0
    Other
    $14,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,867
    Bonus
    $10,954
    Other
    $54,740
    Deferred
    $5,608
    Nontaxable benefits
    $9,141
    Filer's total
    $196,310

  • RYAN GOODWIN

    VP OF COMMERCIAL LENDING

    Total calculated
    $172,540
    From this org
    $130,610
    From related orgs
    $0
    Other
    $41,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,590
    Bonus
    $8,901
    Other
    $119
    Deferred
    $6,813
    Nontaxable benefits
    $35,117
    Filer's total
    $172,540

  • MANDY MAYER

    VP OF MORT LENDING

    Total calculated
    $169,040
    From this org
    $126,884
    From related orgs
    $0
    Other
    $42,156
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,129
    Bonus
    $3,931
    Other
    $824
    Deferred
    $5,440
    Nontaxable benefits
    $36,716
    Filer's total
    $169,040

  • TERESA WHITE

    VP OF ACCOUNTING

    Total calculated
    $162,668
    From this org
    $126,708
    From related orgs
    $0
    Other
    $35,960
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,081
    Bonus
    $9,303
    Other
    $324
    Deferred
    $6,544
    Nontaxable benefits
    $29,416
    Filer's total
    $162,668

  • MARTY ISSA

    MORTGAGE SALES MGR

    Total calculated
    $162,197
    From this org
    $120,723
    From related orgs
    $0
    Other
    $41,474
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $76,369
    Bonus
    $44,200
    Other
    $154
    Deferred
    $6,323
    Nontaxable benefits
    $35,151
    Filer's total
    $162,197

  • MICHAEL PROPHETE

    VP OF OPERATIONS

    Total calculated
    $160,537
    From this org
    $127,729
    From related orgs
    $0
    Other
    $32,808
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,888
    Bonus
    $7,726
    Other
    $115
    Deferred
    $5,354
    Nontaxable benefits
    $27,454
    Filer's total
    $160,537

  • ERIN CASTELLANO

    VP OF MARKETING

    Total calculated
    $155,889
    From this org
    $113,433
    From related orgs
    $0
    Other
    $42,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,714
    Bonus
    $5,666
    Other
    $53
    Deferred
    $4,892
    Nontaxable benefits
    $37,564
    Filer's total
    $155,889

  • SIMON VEGA

    REGIONAL MANAGER

    Total calculated
    $155,552
    From this org
    $115,535
    From related orgs
    $0
    Other
    $40,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,237
    Bonus
    $5,254
    Other
    $44
    Deferred
    $4,855
    Nontaxable benefits
    $35,162
    Filer's total
    $155,552

  • BOBBY MESZAROS

    REGIONAL EXPERIENCE MANAGER

    Total calculated
    $152,399
    From this org
    $111,320
    From related orgs
    $0
    Other
    $41,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,216
    Bonus
    $8,038
    Other
    $66
    Deferred
    $5,857
    Nontaxable benefits
    $35,222
    Filer's total
    $152,399

  • TIMOTHY HECHT

    MORT LOAN OFFICER

    Total calculated
    $149,608
    From this org
    $133,925
    From related orgs
    $0
    Other
    $15,683
    Hours/week
    40

  • THOMAS KOHNEN

    NETWORK & SYS MGR

    Total calculated
    $148,098
    From this org
    $99,865
    From related orgs
    $0
    Other
    $48,233
    Hours/week
    40

  • TRACIE BUETTNER

    PROJ & FAC MANAGER

    Total calculated
    $147,195
    From this org
    $113,314
    From related orgs
    $0
    Other
    $33,881
    Hours/week
    40

  • DONNA HARRIS

    HOME LOAN ADVISOR

    Total calculated
    $140,451
    From this org
    $125,202
    From related orgs
    $0
    Other
    $15,249
    Hours/week
    40

  • ASHLEIGH DEATHERAGE

    VP CHIEF OF STAFF

    Total calculated
    $139,714
    From this org
    $95,215
    From related orgs
    $0
    Other
    $44,499
    Hours/week
    40

  • JEFF MEILE

    CORE SYS & DATA ANALYSIS MGR

    Total calculated
    $138,113
    From this org
    $97,879
    From related orgs
    $0
    Other
    $40,234
    Hours/week
    40

  • TOMIERA HARRIS

    REGIONAL MANAGER

    Total calculated
    $134,057
    From this org
    $101,316
    From related orgs
    $0
    Other
    $32,741
    Hours/week
    40

  • ERIC WALTENBERGER

    MTG LOAN OFFICER

    Total calculated
    $132,534
    From this org
    $122,585
    From related orgs
    $0
    Other
    $9,949
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $22,831
    Bonus
    $99,753
    Other
    $1
    Deferred
    $6,170
    Nontaxable benefits
    $3,779
    Filer's total
    $132,534

  • KEVIN WARREN

    VP OF RISK MGMNT

    Total calculated
    $129,230
    From this org
    $114,789
    From related orgs
    $0
    Other
    $14,441
    Hours/week
    40

  • MARCHIE NEHR

    MORT OPERATIONS MGR

    Total calculated
    $129,135
    From this org
    $96,002
    From related orgs
    $0
    Other
    $33,133
    Hours/week
    40

  • GRANT SWAN

    RISK MGR

    Total calculated
    $122,182
    From this org
    $107,264
    From related orgs
    $0
    Other
    $14,918
    Hours/week
    40

  • JAMES COCHRAN

    VP OF COMMERCIAL LENDING

    Total calculated
    $116,200
    From this org
    $100,527
    From related orgs
    $0
    Other
    $15,673
    Hours/week
    40

  • LEKEISAH SEARCY

    PROJECT MANAGER

    Total calculated
    $113,514
    From this org
    $100,023
    From related orgs
    $0
    Other
    $13,491
    Hours/week
    40

  • MEGHAN MARSALA

    VP OF OPERATIONS

    Total calculated
    $83,508
    From this org
    $77,513
    From related orgs
    $0
    Other
    $5,995
    Hours/week
    40

  • MARK DIETRICH

    VP OF RETAIL OPERATIONS

    Total calculated
    $36,317
    From this org
    $28,748
    From related orgs
    $0
    Other
    $7,569
    Hours/week
    40

  • SARAH HOLDENER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    15

  • ANGELA STEWARD

    ASSOCIATE DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • JACOB CURTIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • LAWRENCE HAFFNER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    15

  • WILLIAM HOSTETTER

    EMERITUS DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • LUCRECIA CORDON-SPRINGER

    ASSOCIATE DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • CHRISTOPHER SOBRINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • JESSICA HAUGEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • DEBBIE LANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • MICHELE GEHLBACH

    SECRETARY

    Total calculated
    $0
    Hours/week
    15

  • JOY HAYWARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • CHRIS VEATH

    FACILITIES MGMNT & CONSTRUCTI

    Total calculated
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

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 · Approval by the board or compensation committee

Answered no

None.

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
2022
Filed
8 May 2023
IRS schema version
2022v5.0
Source object
202343129349302654

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