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Nonprofiteer
← AURGROUP FINANCIAL CREDIT UNION

Form 990 for tax year 2023

Filed by AURGROUP FINANCIAL CREDIT UNION.

Totals

Total revenue
$9,792,574
Total expenses
$9,188,017
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,481,432
Investment income
$1,311,142
Other revenue
$0
Total assets, end of year
$194,171,881
Total liabilities, end of year
$184,526,547
Net assets or fund balances, end of year
$9,645,334
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 $5,337,088 · related or exempt $5,337,088

  • 2b · Program service revenue: OTHER OPERATING INCOME

    total $2,028,354 · related or exempt $2,028,354

  • 2c · Program service revenue: FEE INCOME

    total $1,101,547 · related or exempt $1,101,547

  • 2d · Program service revenue: FOREIGN ATM FEES

    total $14,443 · unrelated business $14,443

  • 3 · Investment income

    total $1,311,142 · excluded $1,311,142

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $375,624

  • 5 · Compensation of officers, directors and key employees

    total $1,039,528

  • 7 · Other salaries and wages

    total $2,460,372

  • 8 · Pension plan contributions

    total $130,847

  • 9 · Other employee benefits

    total $583,125

  • 10 · Payroll taxes

    total $249,161

  • 11b · Fees: legal

    total $687

  • 11c · Fees: accounting

    total $48,000

  • 11g · Fees: other

    total $1,158,896

  • 12 · Advertising and promotion

    total $177,974

  • 13 · Office expenses

    total $787,882

  • 16 · Occupancy

    total $482,875

  • 17 · Travel

    total $49,753

  • 20 · Interest

    total $437,714

  • 22 · Depreciation, depletion and amortization

    total $310,940

  • 24a · Other expenses: LOAN SERVICING

    total $463,025

  • 24b · Other expenses: MISCELLANEOUS BANK CHARGE

    total $211,427

  • 24c · Other expenses: MISC OPERATING EXPENSES

    total $60,372

  • 24d · Other expenses: PROVISION FOR LOAN LOSSES

    total $60,193

  • 24e · All other expenses

    total $99,622

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,307,793 · end of year $5,713

  • 7 · Other notes and loans receivable

    beginning of year $135,694,031 · end of year $132,310,237

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

    $12,539,138

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

    $6,940,853

  • 10c · Land, buildings and equipment, net

    beginning of year $5,513,619 · end of year $5,598,285

  • 12 · Investments: other securities

    beginning of year $52,214,872 · end of year $50,369,120

  • 15 · Other assets

    beginning of year $5,863,356 · end of year $5,888,526

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,751,869 · end of year $10,473,885

  • 25 · Other liabilities

    beginning of year $187,691,017 · end of year $174,052,662

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,150,785 · end of year $9,645,334

Mission and programs · 2023

Mission

TO PROMOTE THRIFT AND TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.

  • PROVIDE FINANCIAL SERVICES TO MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Tim Boellner

    CEO/PRESIDEN

    Total calculated
    $339,237
    From this org
    $308,765
    From related orgs
    $0
    Other
    $30,472
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,241
    Bonus
    $29,524
    Other
    not reported
    Deferred
    $30,472
    Nontaxable benefits
    not reported
    Filer's total
    $339,237

  • Brenda Burton-Price

    EVP/COO

    Total calculated
    $273,591
    From this org
    $243,116
    From related orgs
    $0
    Other
    $30,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,947
    Bonus
    $23,169
    Other
    not reported
    Deferred
    $30,475
    Nontaxable benefits
    not reported
    Filer's total
    $273,591

  • Angela Lambert

    CDO

    Total calculated
    $241,393
    From this org
    $202,506
    From related orgs
    $0
    Other
    $38,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,207
    Bonus
    $19,299
    Other
    not reported
    Deferred
    $38,887
    Nontaxable benefits
    not reported
    Filer's total
    $241,393

  • Melissa Brenner

    CFO

    Total calculated
    $218,645
    From this org
    $182,255
    From related orgs
    $0
    Other
    $36,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,886
    Bonus
    $17,369
    Other
    not reported
    Deferred
    $36,390
    Nontaxable benefits
    not reported
    Filer's total
    $218,645

  • Steve Guest

    NETWORK ENGI

    Total calculated
    $116,103
    From this org
    $102,885
    From related orgs
    $0
    Other
    $13,218
    Hours/week
    40

  • Donna Burnett

    TREASURER

    Total calculated
    $0
    Hours/week
    0.75

  • Jeff Davis

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.75

  • Shane Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Rick Helsinger

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    0.75

  • Angela Kelley

    ASSOC BOARD

    Total calculated
    $0
    Hours/week
    0.75

  • Ted Kiep

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Lyle Powell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Donald Rottinghaus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Rick Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.75

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
2023
Filed
31 May 2024
IRS schema version
2023v5.0
Source object
202441659349300839

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