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Nonprofiteer
← STATE POLICE CREDIT UNION INC

Form 990 for tax year 2025

Filed by STATE POLICE CREDIT UNION INC.

Totals

Total revenue
$2,498,397
Total expenses
$2,010,576
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,069,522
Investment income
$1,428,875
Other revenue
$0
Total assets, end of year
$81,369,050
Total liabilities, end of year
$69,500,331
Net assets or fund balances, end of year
$11,868,719
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 MORTGAGES

    total $636,950 · related or exempt $636,950

  • 2b · Program service revenue: INTEREST ON MEMBERS LOANS

    total $235,910 · related or exempt $235,910

  • 2c · Program service revenue: FEES AND CHARGES

    total $137,763 · related or exempt $137,763

  • 2d · Program service revenue: INTEREST OF VISA CARDS

    total $51,554 · related or exempt $51,554

  • 2e · Program service revenue: MISCELLANEOUS

    total $7,165 · related or exempt $7,165

  • 2f · All other program service revenue

    total $180 · related or exempt $180

  • 3 · Investment income

    total $1,026,684 · excluded $1,026,684

  • 4 · Income from investment of tax-exempt bond proceeds

    total $402,191 · excluded $402,191

  • 7a · Gross sales of assets other than inventory

    securities $4,251,422

  • 7b · Less cost or other basis and sales expenses

    securities $4,251,422

  • 7c · Gain or loss

    securities $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $224,417

  • 7 · Other salaries and wages

    total $231,446

  • 8 · Pension plan contributions

    total $38,500

  • 9 · Other employee benefits

    total $171,562

  • 10 · Payroll taxes

    total $34,910

  • 11c · Fees: accounting

    total $33,600

  • 12 · Advertising and promotion

    total $49,932

  • 13 · Office expenses

    total $339,739

  • 14 · Information technology

    total $148,047

  • 16 · Occupancy

    total $111,475

  • 19 · Conferences, conventions and meetings

    total $16,513

  • 20 · Interest

    total $523,253

  • 22 · Depreciation, depletion and amortization

    total $7,711

  • 23 · Insurance

    total $24,178

  • 24a · Other expenses: LOAN SERVICING

    total $47,201

  • 24b · Other expenses: MISC EXPENSE

    total $8,092

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $393,675 · end of year $356,765

  • 2 · Savings and temporary cash investments

    beginning of year $3,341,279 · end of year $3,632,066

  • 4 · Accounts receivable

    beginning of year $119,737 · end of year $177,010

  • 7 · Other notes and loans receivable

    beginning of year $20,873,880 · end of year $20,495,028

  • 9 · Prepaid expenses and deferred charges

    beginning of year $718,187 · end of year $97,006

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

    $226,231

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

    $182,012

  • 10c · Land, buildings and equipment, net

    beginning of year $53,029 · end of year $44,219

  • 11 · Investments: publicly traded securities

    beginning of year $25,648,862 · end of year $25,162,975

  • 12 · Investments: other securities

    beginning of year $25,817,100 · end of year $30,861,458

  • 15 · Other assets

    beginning of year $614,730 · end of year $542,523

  • 17 · Accounts payable and accrued expenses

    beginning of year $489,852 · end of year $583,913

  • 25 · Other liabilities

    beginning of year $65,969,278 · end of year $68,916,418

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,121,349 · end of year $11,868,719

Mission and programs · 2025

Mission

AS A TRUSTED PARTNER, STATE POLICE CREDIT UNION IMPROVES MEMBERS' FINANCIAL WELL-BEING THROUGH FINANCIAL SOLUTIONS AND EDUCATION.

Activities or mission (Part I)

PROVIDE CREDIT UNION SERVICES.

  • PROVIDE CREDIT UNION SERVICES

As filed on the 2025 return.

Listed in Part VII

  • John Kolowsky

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Robert Grega

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • J Paul Vance

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Charles Kelly

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chris Berger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Geoffrey Ice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Loso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Gasiorowski

    PRESIDENT / CEO

    Total calculated
    $221,301
    From this org
    $155,153
    From related orgs
    $0
    Other
    $66,148
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $155,153
    Bonus
    $0
    Other
    $0
    Deferred
    $17,775
    Nontaxable benefits
    $48,373
    Filer's total
    $221,301

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
2025
Filed
3 June 2026
IRS schema version
2025v4.1
Source object
202611559349300116

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