Totals
- Total revenue
- $3,924,294
- Total expenses
- $2,511,172
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,912,711
- Investment income
- $976,646
- Other revenue
- $34,937
- Total assets, end of year
- $79,348,350
- Total liabilities, end of year
- $69,411,920
- Net assets or fund balances, end of year
- $9,936,430
- Program services expenses (Part IX)
- $2,511,172
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 100.0% 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: LOAN INTEREST
total $1,982,260 · unrelated business $0 · excluded $0
-
2b · Program service revenue: FEE INCOME
total $295,978 · unrelated business $5,013 · excluded $0
-
2c · Program service revenue: OTHER OPERATING INCOME
total $32,166 · unrelated business $0 · excluded $0
-
2d · Program service revenue: INSURANCE INCOME
total $16,434 · unrelated business $16,434 · excluded $0
-
2e · Program service revenue: MEMBER ACCT/CARD FEES
total $585,873 · unrelated business $0 · excluded $0
-
3 · Investment income
total $868,359 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
other assets $108,287
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $108,287
-
7d · Net gain or loss
total $108,287 · related or exempt $108,287 · unrelated business $0 · excluded $0
-
11a · Other revenue: MISCELLANEOUS
total $34,937 · related or exempt $34,937 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$34,937
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $224,897 · program services $224,897 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $632,210 · program services $632,210 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $31,492 · program services $31,492 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $116,817 · program services $116,817 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $64,073 · program services $64,073 · management and general $0 · fundraising $0
-
11a · Fees: management
total $239,111 · program services $239,111 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $6,466 · program services $6,466 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $21,741 · program services $21,741 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $59,732 · program services $59,732 · management and general $0 · fundraising $0
-
13 · Office expenses
total $102,435 · program services $102,435 · management and general $0 · fundraising $0
-
14 · Information technology
total $74,769 · program services $74,769 · management and general $0 · fundraising $0
-
16 · Occupancy
total $133,524 · program services $133,524 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $27,061 · program services $27,061 · management and general $0 · fundraising $0
-
20 · Interest
total $2,807 · program services $2,807 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $22,220 · program services $22,220 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $122,332 · program services $122,332 · management and general $0 · fundraising $0
-
23 · Insurance
total $53,501 · program services $53,501 · management and general $0 · fundraising $0
-
24a · Other expenses: MEMBER ACCOUNT/CARD COST
total $347,788 · program services $347,788 · management and general $0 · fundraising $0
-
24b · Other expenses: PROVISION FOR LOAN LOSS
total -$12,129 · program services -$12,129 · management and general $0 · fundraising $0
-
24c · Other expenses: LOAN SERVICING
total $53,649 · program services $53,649 · management and general $0 · fundraising $0
-
24d · Other expenses: DIVIDENDS TO MEMBERS
total $173,947 · program services $173,947 · management and general $0 · fundraising $0
-
24e · All other expenses
total $12,729 · program services $12,729 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $781,175 · end of year $499,493
-
2 · Savings and temporary cash investments
beginning of year $23,048,824 · end of year $25,147,518
-
4 · Accounts receivable
beginning of year $307,033 · end of year $5,147
-
7 · Other notes and loans receivable
beginning of year $48,860,753 · end of year $50,066,133
-
9 · Prepaid expenses and deferred charges
beginning of year $401,482 · end of year $318,925
-
10a · Land, buildings and equipment: cost or other basis
$3,255,489
-
10b · Land, buildings and equipment: accumulated depreciation
$1,809,855
-
10c · Land, buildings and equipment, net
beginning of year $1,514,593 · end of year $1,445,634
-
12 · Investments: other securities
beginning of year $3,318 · end of year $3,861
-
15 · Other assets
beginning of year $1,824,696 · end of year $1,861,639
-
17 · Accounts payable and accrued expenses
beginning of year $1,091,601 · end of year $306,515
-
23 · Secured mortgages and notes payable
beginning of year $655,131 · end of year $643,487
-
25 · Other liabilities
beginning of year $66,360,180 · end of year $68,461,918
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $1,690,549 · end of year $1,690,549
-
31 · Retained earnings, endowment or other funds
beginning of year $6,944,413 · end of year $8,245,881
Mission and programs · 2023
Mission
OUR MISSION IS TO PROVIDE EFFICIENT, PROGRESSIVE FINANCIAL SERVICES AND PRODUCTS TO OUR OWNER-MEMBERS IN AGREEMENT WITH CREDIT UNION PHILOSOPHY
-
HOLDING DEPOSITS AND MAKING LOANS TO MEMBERS
As filed on the 2023 return.
Listed in Part VII
-
Dione KnopDIONE KNOP
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy FettererJEREMY FETTERER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew LorgeANDREW LORGE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Eric EdsonERIC EDSON
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Anthony BlakeANTHONY BLAKE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Robert WallesserROBERT WALLESSER
PRESIDENT
- Total calculated
- $153,571
- From this org
- $129,803
- From related orgs
- $0
- Other
- $23,768
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442509349300649
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