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Nonprofiteer
← BENTON COUNTY SCHOOLS CREDIT UNION

Form 990 for tax year 2022

Filed by BENTON COUNTY SCHOOLS CREDIT UNION.

Totals

Total revenue
$1,932,696
Total expenses
$1,473,835
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,360,284
Investment income
$513,950
Other revenue
$58,462
Total assets, end of year
$73,693,436
Total liabilities, end of year
$67,880,774
Net assets or fund balances, end of year
$5,812,662
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 LOANS

    total $995,696 · related or exempt $995,696

  • 2b · Program service revenue: FEES AND SERVICES

    total $364,588 · related or exempt $364,588

  • 3 · Investment income

    total $513,950 · excluded $513,950

  • 6a · Gross rents

    real property $58,462

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $58,462

  • 6d · Net rental income or loss

    total $58,462 · excluded $58,462

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $207,434

  • 7 · Other salaries and wages

    total $238,229

  • 8 · Pension plan contributions

    total $35,995

  • 9 · Other employee benefits

    total $59,341

  • 10 · Payroll taxes

    total $37,268

  • 11b · Fees: legal

    total $344

  • 11c · Fees: accounting

    total $12,139

  • 11f · Fees: investment management

    total $980

  • 11g · Fees: other

    total $21,643

  • 12 · Advertising and promotion

    total $51,360

  • 13 · Office expenses

    total $104,812

  • 14 · Information technology

    total $152,259

  • 16 · Occupancy

    total $99,323

  • 17 · Travel

    total $18,295

  • 19 · Conferences, conventions and meetings

    total $1,404

  • 22 · Depreciation, depletion and amortization

    total $132,462

  • 23 · Insurance

    total $28,874

  • 24a · Other expenses: LOAN SERVICING EXPENSE

    total $133,529

  • 24b · Other expenses: DIVIDENDS ON SHARES

    total $98,121

  • 24c · Other expenses: ASSOCIATION DUES

    total $21,007

  • 24d · Other expenses: STATE REGULATORY FEES

    total $7,412

  • 24e · All other expenses

    total $11,604

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $976,497 · end of year $831,092

  • 2 · Savings and temporary cash investments

    beginning of year $5,757,400 · end of year $6,156,514

  • 7 · Other notes and loans receivable

    beginning of year $30,106,202 · end of year $32,495,777

  • 9 · Prepaid expenses and deferred charges

    beginning of year $169,034 · end of year $149,392

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

    $3,496,625

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

    $1,758,452

  • 10c · Land, buildings and equipment, net

    beginning of year $1,802,565 · end of year $1,738,173

  • 11 · Investments: publicly traded securities

    beginning of year $13,974,124 · end of year $18,476,057

  • 15 · Other assets

    beginning of year $20,475,510 · end of year $13,846,431

  • 17 · Accounts payable and accrued expenses

    beginning of year $246,569 · end of year $404,404

  • 19 · Deferred revenue

    beginning of year $14,250 · end of year $10,760

  • 25 · Other liabilities

    beginning of year $67,646,712 · end of year $67,465,610

  • 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 $5,353,801 · end of year $5,812,662

Mission and programs · 2022

Mission

STATE OF OREGON CHARTERED CREDIT UNION. PROVIDE FINANCIAL SERVICES TO 2,214 MEMBERS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO PROVIDING REAL ESTATE AND OTHER SECURED/UNSECURED LOANS AND VARIOUS SAVINGS PROGRAMS.

Activities or mission (Part I)

STATE OF OREGON CHARTERED CREDIT UNION. PROVIDE FINANCIAL SERVICES TO 2,214 MEMBERS. THESE SERVICES INCLUDE, BUT ARE LIMITED TO PROVIDING REAL ESTATE AND OTHER SECURED/UNSECURED LOANS AND VARIOUS SAVINGS PROGRAMS.

  • CREDIT UNION PROGRAMS: 2,214 MEMBERS SERVED WITH 3,478 SAVINGS ACCOUNTS ESTABLISHED AND 94 CERTIFICATES OF DEPOSIT. FUNDED 1,547 LOANS TO MEMBERS.

As filed on the 2022 return.

Listed in Part VII

  • Kevin Decoster

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Margaret S Dusek

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Harold F Brauner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Gallagher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe R Tofte

    DIRECTOR

    Total calculated
    $99,149
    From this org
    $85,242
    From related orgs
    $0
    Other
    $13,907
    Hours/week
    4

  • Amanda Held

    CEO

    Total calculated
    $75,325
    From this org
    $63,325
    From related orgs
    $0
    Other
    $12,000
    Hours/week
    40

  • Cassie Lasswell

    CFO

    Total calculated
    $65,051
    From this org
    $56,190
    From related orgs
    $0
    Other
    $8,861
    Hours/week
    40

  • Brandon Burmeister

    COO

    Total calculated
    $67,058
    From this org
    $54,393
    From related orgs
    $0
    Other
    $12,665
    Hours/week
    40

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
30 June 2023
IRS schema version
2022v5.0
Source object
202301819349301235

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