Totals
- Total revenue
- $36,115,479
- Total expenses
- $25,739,563
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $23,045,720
- Investment income
- $1,534,748
- Other revenue
- $11,535,011
- Total assets, end of year
- $893,921,948
- Total liabilities, end of year
- $776,353,444
- Net assets or fund balances, end of year
- $117,568,504
- 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 $23,045,720 · related or exempt $23,045,720
-
3 · Investment income
total $1,534,748 · related or exempt $1,534,748
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Fee Income
total $11,535,011 · related or exempt $11,433,833 · unrelated business $101,178
-
11e · Other revenue, total
$11,535,011
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $1,331,247
-
5 · Compensation of officers, directors and key employees
total $1,468,652
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $9,914,492
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $2,755,933
-
12 · Advertising and promotion
total $111,441
-
13 · Office expenses
total $3,780,333
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,983,268
-
17 · Travel
total $176,633
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $858
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Provision for Loan Loss
total $1,975,000
-
24b · Other expenses: Loan Servicing Fees
total $1,044,014
-
24c · Other expenses: Other non-operating expense
total $959,580
-
24d · Other expenses: Regulatory Supervision
total $110,855
-
24e · All other expenses
total $127,257
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,687,025 · end of year $12,588,638
-
2 · Savings and temporary cash investments
beginning of year $102,290,281 · end of year $24,193,112
-
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
beginning of year $610,675,909 · end of year $682,979,590
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$27,950,176
-
10b · Land, buildings and equipment: accumulated depreciation
$11,399,493
-
10c · Land, buildings and equipment, net
beginning of year $13,564,002 · end of year $16,550,683
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $96,735,197 · end of year $105,924,346
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $46,266,425 · end of year $51,685,579
-
17 · Accounts payable and accrued expenses
beginning of year $8,915,728 · end of year $11,176,699
-
25 · Other liabilities
beginning of year $758,257,291 · end of year $765,176,745
-
31 · Retained earnings, endowment or other funds
beginning of year $115,045,820 · end of year $117,568,504
Mission and programs · 2022
Mission
Provided deposit and loan accounts to 79,174 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.
-
Provided deposit and loan accounts to 79,174 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.
As filed on the 2022 return.
Listed in Part VII
-
David King
CEO/President
- Total calculated
- $418,260
- From this org
- $356,694
- From related orgs
- $0
- Other
- $61,566
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $356,694
- Bonus
- not reported
- Other
- not reported
- Deferred
- $24,400
- Nontaxable benefits
- $37,166
- Filer's total
- $418,260
-
Cindy Wonderly
CFO/EVP-Finance
- Total calculated
- $311,838
- From this org
- $256,399
- From related orgs
- $0
- Other
- $55,439
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $256,399
- Bonus
- not reported
- Other
- not reported
- Deferred
- $18,273
- Nontaxable benefits
- $37,166
- Filer's total
- $311,838
-
Lorraine Townsend
EVP-Operations
- Total calculated
- $252,561
- From this org
- $224,327
- From related orgs
- $0
- Other
- $28,234
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,327
- Bonus
- not reported
- Other
- not reported
- Deferred
- $15,831
- Nontaxable benefits
- $12,403
- Filer's total
- $252,561
-
Michael George
EVP-Marketing
- Total calculated
- $248,225
- From this org
- $196,795
- From related orgs
- $0
- Other
- $51,430
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,795
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,264
- Nontaxable benefits
- $37,166
- Filer's total
- $248,225
-
Timothy Spencer
EVP-Lending
- Total calculated
- $227,855
- From this org
- $207,182
- From related orgs
- $0
- Other
- $20,673
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $207,182
- Bonus
- not reported
- Other
- not reported
- Deferred
- $8,270
- Nontaxable benefits
- $12,403
- Filer's total
- $227,855
-
Mary Higgins
VP-Compliance
- Total calculated
- $170,591
- From this org
- $133,762
- From related orgs
- $0
- Other
- $36,829
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,762
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $36,829
- Filer's total
- $170,591
-
Carol Dobbs
EVP-Risk
- Total calculated
- $160,062
- From this org
- $147,322
- From related orgs
- $0
- Other
- $12,740
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,322
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $12,740
- Filer's total
- $160,062
-
Marie Rodriguez
VP-Call Center
- Total calculated
- $136,126
- From this org
- $123,386
- From related orgs
- $0
- Other
- $12,740
- Hours/week
- 40
-
Debbie Baker
Branch Manager
- Total calculated
- $111,341
- From this org
- $111,341
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Ron Wolfe
Vice Chairman
- Total calculated
- $2,252
- From this org
- $2,252
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Serene Storslett
Director
- Total calculated
- $2,212
- From this org
- $2,212
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Richard Ruiz
Director
- Total calculated
- $2,205
- From this org
- $2,205
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Brian Driesen
Director
- Total calculated
- $1,898
- From this org
- $1,898
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Ray Voight
Chairman
- Total calculated
- $1,346
- From this org
- $1,346
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Maureen Buscher-Dang
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Dawn Cole
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Michael Bennett
Director
- Total calculated
- $0
- Hours/week
- 1
-
Woody Morrison
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vernon Powers
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Reed
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. 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
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349327613
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