Totals
- Total revenue
- $36,992,224
- Total expenses
- $30,312,930
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $33,147,611
- Investment income
- $3,844,613
- Other revenue
- $0
- Total assets, end of year
- $484,609,576
- Total liabilities, end of year
- $418,830,785
- Net assets or fund balances, end of year
- $65,778,791
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
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 $23,765,480 · related or exempt $23,765,480 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Fees & Other Income
total $9,190,829 · related or exempt $9,155,477 · unrelated business $35,352 · excluded $0
-
2c · Program service revenue: Warranty Sales
total $132,192 · related or exempt $0 · unrelated business $132,192 · excluded $0
-
2d · Program service revenue: Lease Income
total $59,110 · related or exempt $59,110 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $3,858,757 · related or exempt $3,858,757 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $128,424
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $142,568
-
7c · Gain or loss
securities $0 · other assets -$14,144
-
7d · Net gain or loss
total -$14,144 · related or exempt -$14,144 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $3,096,620
-
7 · Other salaries and wages
total $4,349,422
-
8 · Pension plan contributions
total $283,122
-
9 · Other employee benefits
total $2,187,352
-
10 · Payroll taxes
total $544,234
-
11b · Fees: legal
total $96,936
-
12 · Advertising and promotion
total $1,120,869
-
13 · Office expenses
total $694,793
-
14 · Information technology
total $949,226
-
16 · Occupancy
total $557,802
-
17 · Travel
total $286,947
-
20 · Interest
total $9,382,880
-
21 · Payments to affiliates
total $107,915
-
22 · Depreciation, depletion and amortization
total $892,827
-
23 · Insurance
total $112,967
-
24a · Other expenses: Credit Loss Provision
total $2,050,000
-
24b · Other expenses: Loan Servicing Expense
total $1,196,997
-
24c · Other expenses: Other
total $178,811
-
24d · Other expenses: Pro Services
total $2,223,210
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,081,594 · end of year $2,585,944
-
2 · Savings and temporary cash investments
beginning of year $64,565,005 · end of year $75,165,856
-
4 · Accounts receivable
beginning of year $5,837,622 · end of year $5,055,020
-
7 · Other notes and loans receivable
beginning of year $351,520,093 · end of year $373,806,123
-
9 · Prepaid expenses and deferred charges
beginning of year $653,189 · end of year $770,908
-
10a · Land, buildings and equipment: cost or other basis
$23,258,843
-
10b · Land, buildings and equipment: accumulated depreciation
$12,410,063
-
10c · Land, buildings and equipment, net
beginning of year $10,489,135 · end of year $10,848,780
-
12 · Investments: other securities
beginning of year $436,505 · end of year $468,915
-
15 · Other assets
beginning of year $15,606,774 · end of year $15,908,030
-
17 · Accounts payable and accrued expenses
beginning of year $11,599,171 · end of year $10,709,707
-
25 · Other liabilities
beginning of year $381,491,249 · end of year $408,121,078
-
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 $59,099,497 · end of year $65,778,791
Mission and programs · 2024
Mission
Providing service for lifetime financial solutions
Activities or mission (Part I)
Financial cooperative that encourages thrift
-
The Credit Union provides several deposit account types to members, including savings, checking, certificates, and others. The total number of members at this time was 33,792. The total number of member accounts was 62,244.
-
The Credit Union provides a variety of loans to members, including real estate, credit card, vehicle, and others. The total number of loan outstanding at this time was 20,758.
As filed on the 2024 return.
Listed in Part VII
-
Frank Wilber
CEO/President
- Total calculated
- $1,134,937
- From this org
- $1,100,325
- From related orgs
- $0
- Other
- $34,612
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $439,674
- Bonus
- $428,897
- Other
- $231,754
- Deferred
- $25,875
- Nontaxable benefits
- $8,737
- Filer's total
- $1,134,937
-
Paul Erickson
CIO
- Total calculated
- $328,175
- From this org
- $299,965
- From related orgs
- $0
- Other
- $28,210
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $178,648
- Bonus
- $112,777
- Other
- $8,540
- Deferred
- $20,340
- Nontaxable benefits
- $7,870
- Filer's total
- $328,175
-
Angie Schreiner
SVP of Marketing
- Total calculated
- $250,962
- From this org
- $224,671
- From related orgs
- $0
- Other
- $26,291
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $131,875
- Bonus
- $84,309
- Other
- $8,487
- Deferred
- $17,303
- Nontaxable benefits
- $8,987
- Filer's total
- $250,961
-
Dillon Ehmen
SVP of Operations
- Total calculated
- $240,266
- From this org
- $213,832
- From related orgs
- $0
- Other
- $26,434
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $134,883
- Bonus
- $77,828
- Other
- $1,120
- Deferred
- $16,710
- Nontaxable benefits
- $9,724
- Filer's total
- $240,265
-
Kevin Frenzel
SVP of Sales, Service and Lending
- Total calculated
- $240,031
- From this org
- $222,231
- From related orgs
- $0
- Other
- $17,800
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $87,547
- Bonus
- $101,884
- Other
- $32,801
- Deferred
- $15,005
- Nontaxable benefits
- $2,796
- Filer's total
- $240,033
-
Tyler Groskurth
Mortgage Loan Officer
- Total calculated
- $187,034
- From this org
- $169,016
- From related orgs
- $0
- Other
- $18,018
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $168,777
- Other
- $238
- Deferred
- $13,032
- Nontaxable benefits
- $4,987
- Filer's total
- $187,034
-
Ryan Morris
SVP of Finance
- Total calculated
- $184,498
- From this org
- $164,406
- From related orgs
- $0
- Other
- $20,092
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $97,046
- Bonus
- $62,377
- Other
- $4,983
- Deferred
- $12,794
- Nontaxable benefits
- $7,298
- Filer's total
- $184,498
-
Jason Bell
Mortgage Loan Officer
- Total calculated
- $166,222
- From this org
- $149,713
- From related orgs
- $0
- Other
- $16,509
- Hours/week
- 40
-
Blake Nelson
Director of Security
- Total calculated
- $136,563
- From this org
- $120,844
- From related orgs
- $0
- Other
- $15,719
- Hours/week
- 45
-
Courtney Jobes
Mortgage Underwriter
- Total calculated
- $114,330
- From this org
- $104,701
- From related orgs
- $0
- Other
- $9,629
- Hours/week
- 40
-
Daniel Radtke
AVP of Operations
- Total calculated
- $113,601
- From this org
- $105,362
- From related orgs
- $0
- Other
- $8,239
- Hours/week
- 45
-
Tom Bolton
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
Lloyd Starkey Jr
Board Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Mark Bostock
Board Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Michael Hobelman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kersi Pajnigar
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rick Batten
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim Keelan
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
- 2024
- Filed
- 22 July 2025
- IRS schema version
- 2024v5.0
- Source object
- 202542189349301684
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