Skip to content
Nonprofiteer
← HOLY FAMILY MEMORIAL CREDIT UNION

Form 990 for tax year 2023

Filed by HOLY FAMILY MEMORIAL CREDIT UNION.

Totals

Total revenue
$624,470
Total expenses
$513,799
Contributions and grants received
$15,000
Grants paid
$0
Program service revenue
$423,831
Investment income
$183,212
Other revenue
$2,427
Total assets, end of year
$16,839,668
Total liabilities, end of year
$14,945,999
Net assets or fund balances, end of year
$1,893,669
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.

  • 1f · All other contributions, gifts and grants

    $15,000

  • 2a · Program service revenue: INTEREST ON LOANS

    total $372,203 · related or exempt $372,203

  • 2b · Program service revenue: MEMBER FEE INCOME

    total $37,911 · related or exempt $37,911

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

    total $12,817 · related or exempt $12,817

  • 2d · Program service revenue: VEHICLE WARRANTY INSURANCE

    total $900 · unrelated business $900

  • 3 · Investment income

    total $183,212 · excluded $183,212

  • 5 · Royalties

    total $2,427 · excluded $2,427

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $79,000

  • 7 · Other salaries and wages

    total $149,185

  • 8 · Pension plan contributions

    total $11,651

  • 9 · Other employee benefits

    total $26,234

  • 10 · Payroll taxes

    total $14,856

  • 11b · Fees: legal

    total $150

  • 11c · Fees: accounting

    total $4,185

  • 11g · Fees: other

    total $4,400

  • 12 · Advertising and promotion

    total $1,403

  • 13 · Office expenses

    total $55,355

  • 14 · Information technology

    total $57,959

  • 16 · Occupancy

    total $381

  • 19 · Conferences, conventions and meetings

    total $3,900

  • 20 · Interest

    total $641

  • 22 · Depreciation, depletion and amortization

    total $12,022

  • 23 · Insurance

    total $14,638

  • 24a · Other expenses: DIVIDENDS EXPENSE

    total $35,424

  • 24b · Other expenses: CREDIT LOSS EXPENSE

    total $21,820

  • 24c · Other expenses: GRANT EXPENDITURES

    total $15,000

  • 24d · Other expenses: LOAN SERVICING

    total $5,595

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $205,752 · end of year $197,650

  • 2 · Savings and temporary cash investments

    beginning of year $3,360,987 · end of year $2,571,839

  • 4 · Accounts receivable

    beginning of year $19,399 · end of year $17,490

  • 5 · Loans and receivables from officers and key people

    beginning of year $173,852

  • 7 · Other notes and loans receivable

    beginning of year $9,991,563 · end of year $11,355,286

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,551 · end of year $64,245

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

    $328,108

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

    $202,838

  • 10c · Land, buildings and equipment, net

    beginning of year $132,480 · end of year $125,270

  • 13 · Investments: program-related

    beginning of year $3,818,052 · end of year $2,332,052

  • 15 · Other assets

    beginning of year $188,446 · end of year $175,836

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,270 · end of year $94,137

  • 23 · Secured mortgages and notes payable

    end of year $72,868

  • 25 · Other liabilities

    beginning of year $16,099,180 · end of year $14,778,994

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,819,632 · end of year $1,893,669

Mission and programs · 2023

Mission

WE ARE A CLOSED CHARTER MEMBER-OWNED AND DIRECTED CREDIT UNION. OUR MISSION IS TO MEET OUR MEMBERSHIP'S FINANCIAL NEEDS THROUGH QUALITY SERVICE AT THE BEST VALUE WHILE MAINTAINING FINANCIAL STABILITY. WE LOOK TO BE HERE FOR OUR MEMBERS NOW AND FOR MANY YEARS TO COME.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 44 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 1,496 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 100 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 660 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

  • Joel Strozewski

    PRES/CEO

    Total calculated
    $84,148
    From this org
    $79,000
    From related orgs
    $0
    Other
    $5,148
    Hours/week
    40

  • Kay Stecker

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Konicek

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karen Krepline

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Schleis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Diane Freiberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eileen Maney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandy Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Brandel

    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
21 June 2024
IRS schema version
2023v5.0
Source object
202441769349301159

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.