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Nonprofiteer
← ENTERPRISE CREDIT UNION

Form 990 for tax year 2023

Filed by ENTERPRISE CREDIT UNION.

Totals

Total revenue
$1,483,950
Total expenses
$1,225,692
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,163,746
Investment income
$314,956
Other revenue
$5,248
Total assets, end of year
$33,164,361
Total liabilities, end of year
$31,564,804
Net assets or fund balances, end of year
$1,599,557
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 $921,306 · related or exempt $921,306

  • 2b · Program service revenue: MEMBER FEE INCOME

    total $195,799 · related or exempt $195,799

  • 2c · Program service revenue: OTHER MEMBER RELATED REVENUE

    total $42,591 · related or exempt $42,591

  • 2d · Program service revenue: FEE & INSURANCE INCOME

    total $4,050 · unrelated business $4,050

  • 3 · Investment income

    total $335,810 · excluded $335,810

  • 5 · Royalties

    total $5,248 · excluded $5,248

  • 7a · Gross sales of assets other than inventory

    securities $615,056 · other assets $264,517

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

    securities $630,427 · other assets $270,000

  • 7c · Gain or loss

    securities -$15,371 · other assets -$5,483

  • 7d · Net gain or loss

    total -$20,854 · related or exempt -$20,854

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $200,156

  • 7 · Other salaries and wages

    total $272,617

  • 8 · Pension plan contributions

    total $32,956

  • 9 · Other employee benefits

    total $27,844

  • 10 · Payroll taxes

    total $33,064

  • 11b · Fees: legal

    total $6,844

  • 11c · Fees: accounting

    total $5,275

  • 11g · Fees: other

    total $59,846

  • 12 · Advertising and promotion

    total $32,056

  • 13 · Office expenses

    total $151,583

  • 14 · Information technology

    total $123,278

  • 16 · Occupancy

    total $110,008

  • 17 · Travel

    total $374

  • 19 · Conferences, conventions and meetings

    total $12,136

  • 20 · Interest

    total $18

  • 22 · Depreciation, depletion and amortization

    total $16,882

  • 23 · Insurance

    total $27,689

  • 24a · Other expenses: DIVIDEND EXPENSE

    total $41,969

  • 24b · Other expenses: INDIRECT LENDING COMMISS

    total $40,908

  • 24c · Other expenses: CREDIT LOSS EXPENSE

    total $30,189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $323,279 · end of year $408,790

  • 2 · Savings and temporary cash investments

    beginning of year $2,991,366 · end of year $2,319,596

  • 4 · Accounts receivable

    beginning of year $195,584 · end of year $24,861

  • 7 · Other notes and loans receivable

    beginning of year $17,741,970 · end of year $19,167,216

  • 9 · Prepaid expenses and deferred charges

    beginning of year $204,922 · end of year $167,351

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

    $591,994

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

    $524,233

  • 10c · Land, buildings and equipment, net

    beginning of year $58,171 · end of year $67,761

  • 13 · Investments: program-related

    beginning of year $11,417,491 · end of year $9,738,145

  • 15 · Other assets

    beginning of year $1,349,316 · end of year $1,270,641

  • 17 · Accounts payable and accrued expenses

    beginning of year $329,630 · end of year $377,515

  • 21 · Escrow or custodial account liability

    beginning of year $6,050 · end of year $6,935

  • 25 · Other liabilities

    beginning of year $32,905,249 · end of year $31,180,354

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,041,170 · end of year $1,599,557

Mission and programs · 2023

Mission

A COOPERATIVE, NOT-FOR-PROFIT CORPORATION, INCORPORATED TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERSHIP TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 137 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 3,355 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 263 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 40,190 LOANS RECEIVABLE.

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

Listed in Part VII

  • Jeff Bashaw

    PRESIDENT/CE

    Total calculated
    $131,948
    From this org
    $124,325
    From related orgs
    $0
    Other
    $7,623
    Hours/week
    40

  • Lynn Vohl

    CFO

    Total calculated
    $60,292
    From this org
    $56,071
    From related orgs
    $0
    Other
    $4,221
    Hours/week
    40

  • Barbara Jalosky

    TREASURER

    Total calculated
    $19,760
    From this org
    $19,760
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Betty Steinberger

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • George Moore

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Irwin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charlie Kelly

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
26 March 2024
IRS schema version
2023v5.0
Source object
202400869349301680

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