Totals
- Total revenue
- $16,021,690
- Total expenses
- $13,632,529
- Contributions and grants received
- $0
- Grants paid
- $32,196
- Program service revenue
- $10,154,940
- Investment income
- $1,622,634
- Other revenue
- $4,244,116
- Total assets, end of year
- $320,519,293
- Total liabilities, end of year
- $305,548,717
- Net assets or fund balances, end of year
- $14,970,576
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $13,632,529
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: LOAN INCOME FROM MEMBERS
total $10,154,940 · related or exempt $10,154,940
-
3 · Investment income
total $1,616,634 · excluded $1,616,634
-
7a · Gross sales of assets other than inventory
other assets $6,000
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $6,000
-
7d · Net gain or loss
total $6,000 · excluded $6,000
-
11a · Other revenue: OTHER INCOME
total $3,153,601 · related or exempt $3,153,601
-
11b · Other revenue: SERVICE CHARGES AND FEES
total $940,696 · related or exempt $940,696
-
11c · Other revenue: NON-MEMBER ATM FEES
total $51,545 · unrelated business $51,545
-
11d · All other revenue
total $98,274 · related or exempt $26,628 · unrelated business $71,646
-
11e · Other revenue, total
$4,244,116
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $32,196
-
4 · Benefits paid to or for members
total $1,546,956
-
5 · Compensation of officers, directors and key employees
total $653,510
-
7 · Other salaries and wages
total $5,657,823
-
11g · Fees: other
total $1,080,677
-
13 · Office expenses
total $1,908,244
-
16 · Occupancy
total $960,249
-
17 · Travel
total $125,696
-
24a · Other expenses: LOAN SERVICING/COLLECTI
total $885,160
-
24b · Other expenses: EDUCATION & PROMOTIONAL
total $507,203
-
24c · Other expenses: PROVISION FOR BAD DEBTS
total $155,000
-
24d · Other expenses: MISCELLANEOUS
total $86,254
-
24e · All other expenses
total $33,561
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $73,545,915 · end of year $2,968,331
-
2 · Savings and temporary cash investments
beginning of year $40,239,793 · end of year $70,856,270
-
4 · Accounts receivable
beginning of year $171,475,769
-
7 · Other notes and loans receivable
end of year $225,053,667
-
10a · Land, buildings and equipment: cost or other basis
$15,023,171
-
10b · Land, buildings and equipment: accumulated depreciation
$7,796,174
-
10c · Land, buildings and equipment, net
beginning of year $7,396,815 · end of year $7,226,997
-
15 · Other assets
beginning of year $13,466,217 · end of year $14,414,028
-
17 · Accounts payable and accrued expenses
beginning of year $1,569,052 · end of year $1,122,967
-
23 · Secured mortgages and notes payable
beginning of year $3,000,000 · end of year $4,000,000
-
25 · Other liabilities
beginning of year $281,513,517 · end of year $300,425,750
-
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 $20,041,940 · end of year $14,970,576
Mission and programs · 2022
Mission
PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.
-
THE CREDIT UNION HAS 19,779 MEMBERS AS OF 12/31/2022. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.
Expenses $13,632,529 · Grants $32,196 · Revenue $14,275,865
As filed on the 2022 return.
Listed in Part VII
-
Lisa ParkerLISA PARKER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy RayJEREMY RAY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Geoffrey IacuessaGEOFFREY IACUESSA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly TitusKIMBERLY TITUS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Travis VigneaultTRAVIS VIGNEAULT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Craig PendletonCRAIG PENDLETON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel MontembeauDANIEL MONTEMBEAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael KeeganMICHAEL KEEGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan DeschambaultSUSAN DESCHAMBAULT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Luke LabbeLUKE LABBE
CEO
- Total calculated
- $446,439
- From this org
- $418,054
- From related orgs
- $0
- Other
- $28,385
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $324,679
- Bonus
- $78,100
- Other
- $15,275
- Deferred
- $19,500
- Nontaxable benefits
- $8,885
- Filer's total
- $446,439
-
Adam WarfelADAM WARFEL
CFO
- Total calculated
- $204,053
- From this org
- $195,168
- From related orgs
- $0
- Other
- $8,885
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,292
- Bonus
- $23,500
- Other
- $376
- Deferred
- $0
- Nontaxable benefits
- $8,885
- Filer's total
- $204,053
-
Kurt SchickleKURT SCHICKLE
AVP MORTGAGE LENDING
- Total calculated
- $242,531
- From this org
- $226,636
- From related orgs
- $0
- Other
- $15,895
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $49,213
- Bonus
- $176,918
- Other
- $505
- Deferred
- $15,895
- Nontaxable benefits
- $0
- Filer's total
- $242,531
-
John LaverriereJOHN LAVERRIERE
AVP MARKETING & TECHNOLOGY
- Total calculated
- $143,831
- From this org
- $139,327
- From related orgs
- $0
- Other
- $4,504
- Hours/week
- 40
-
Kyle SouleKYLE SOULE
MORTGAGE LOAN ORIGINATOR
- Total calculated
- $124,027
- From this org
- $124,027
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Daniel DallaireDANIEL DALLAIRE
COO
- Total calculated
- $164,375
- From this org
- $155,490
- From related orgs
- $0
- Other
- $8,885
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $128,504
- Bonus
- $24,000
- Other
- $2,986
- Deferred
- $0
- Nontaxable benefits
- $8,885
- Filer's total
- $164,375
-
Shannon KashinskySHANNON KASHINSKY
CPO
- Total calculated
- $125,613
- From this org
- $124,966
- From related orgs
- $0
- Other
- $647
- 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. 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
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
-
TO CONTINUE OPERATIONS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349302394
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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