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Nonprofiteer
← CREDIT UNIONS CHARTERED IN THE STATE OF UTAH

Form 990 for tax year 2024

Filed by CREDIT UNIONS CHARTERED IN THE STATE OF UTAH.

Totals

Total revenue
$3,305,121
Total expenses
$3,208,165
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,909,352
Investment income
$395,769
Other revenue
$0
Total assets, end of year
$28,927,594
Total liabilities, end of year
$25,126,940
Net assets or fund balances, end of year
$3,800,654
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,208,165

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.

  • 2f · All other program service revenue

    total $2,909,352 · related or exempt $2,909,352 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $395,769 · related or exempt $395,769 · 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

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $322,367

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $632,413

  • 8 · Pension plan contributions

    total $39,953

  • 9 · Other employee benefits

    total $209,524

  • 10 · Payroll taxes

    total $82,442

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,756

  • 11c · Fees: accounting

    total $14,604

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $40,594

  • 13 · Office expenses

    total $252,597

  • 14 · Information technology

    total $1,756

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $112,461

  • 17 · Travel

    total $32,608

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $11,796

  • 20 · Interest

    total $353,683

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $74,608

  • 23 · Insurance

    total $34,332

  • 24a · Other expenses: PROVISION FOR LOAN & LEASE LOSSES

    total $440,544

  • 24b · Other expenses: ASSOCIATION DUES

    total $15,321

  • 24c · Other expenses: LOAN SERVICING EXPENSES

    total $27,470

  • 24d · Other expenses: CORPORATE BANKING AND CARD PROC FEES

    total $507,336

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $850,973 · end of year $719,195

  • 2 · Savings and temporary cash investments

    beginning of year $7,076,193 · end of year $9,300,000

  • 7 · Other notes and loans receivable

    beginning of year $18,686,755 · end of year $17,730,836

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $90,660 · end of year $87,473

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

    $1,371,244

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

    $701,008

  • 10c · Land, buildings and equipment, net

    beginning of year $476,620 · end of year $670,236

  • 15 · Other assets

    beginning of year $243,424 · end of year $419,854

  • 17 · Accounts payable and accrued expenses

    beginning of year $127,099 · end of year $93,885

  • 25 · Other liabilities

    beginning of year $23,593,828 · end of year $25,033,055

  • 27 · Net assets without donor restrictions

    beginning of year $3,703,698 · end of year $3,800,654

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

It is the Mission of San Juan Credit Union to provide the best financial services to those who live, work or have family in San Juan County Utah, while protecting the integrity of the Credit Union and all of its members.

  • PROVIDED MEMBERS OF OUR COMMUNITY A SIMPLE AND REASONABLE MEANS FOR WHICH THEY CAN SAVE INVEST AND BORROW MONEY.

    Expenses $3,208,165 · Revenue $96,956

As filed on the 2024 return.

Listed in Part VII

  • Sherrill Patterson

    CFO/VICE PRESIDENT

    Total calculated
    $176,399
    From this org
    $176,399
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $151,896
    Bonus
    $21,748
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $173,644

  • Leah Lyman

    PRESIDENT/CEO

    Total calculated
    $145,969
    From this org
    $145,969
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Jamie Harvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Randall Pemberton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Natani Laws

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Joseph Mitchell

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Joanna Bethea

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0

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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
27 March 2025
IRS schema version
2024v5.0
Source object
202510949349301461

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