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Nonprofiteer
← Health Center Credit Union

Form 990 for tax year 2023

Filed by Health Center Credit Union.

Totals

Total revenue
$1,518,327
Total expenses
$2,676,091
Contributions and grants received
$0
Grants paid
$35,157
Program service revenue
$1,851,595
Investment income
-$345,875
Other revenue
$12,607
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: INCOME FROM LOANS

    total $1,222,415 · related or exempt $1,222,415

  • 2b · Program service revenue: SHARE DRAFT FEES

    total $466,143 · related or exempt $466,143

  • 2c · Program service revenue: FEES & CHARGES

    total $131,612 · related or exempt $131,612

  • 2d · Program service revenue: VISA VARD INCOME

    total $21,805 · related or exempt $21,805

  • 2e · Program service revenue: FINANCE AND INSURANCE

    total $9,620 · unrelated business $9,620

  • 3 · Investment income

    total -$345,875 · related or exempt -$345,875

  • 11a · Other revenue: OTHER OPERATING INCOME

    total $12,607 · related or exempt $12,607

  • 11e · Other revenue, total

    $12,607

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,157

  • 5 · Compensation of officers, directors and key employees

    total $207,146

  • 7 · Other salaries and wages

    total $259,421

  • 8 · Pension plan contributions

    total $91,663

  • 9 · Other employee benefits

    total $85,352

  • 10 · Payroll taxes

    total $32,775

  • 11c · Fees: accounting

    total $30,000

  • 11g · Fees: other

    total $113,701

  • 13 · Office expenses

    total $93,441

  • 14 · Information technology

    total $88,961

  • 16 · Occupancy

    total $241,958

  • 19 · Conferences, conventions and meetings

    total $16,690

  • 20 · Interest

    total $77,203

  • 22 · Depreciation, depletion and amortization

    total $67,338

  • 23 · Insurance

    total $20,438

  • 24a · Other expenses: CONTRACT TERMINATION EX

    total $694,000

  • 24b · Other expenses: PLL

    total $231,171

  • 24c · Other expenses: DEBIT CARD EXPENSE

    total $115,108

  • 24d · Other expenses: ATM EXPENSE

    total $65,422

  • 24e · All other expenses

    total $109,146

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,798,002 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $42,055,317 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,653 · end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $3,674,513 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $24,326,204 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,144,326

  • 25 · Other liabilities

    beginning of year $349,762

  • 29 · Capital stock, trust principal or current funds

    beginning of year $70,400,601 · 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 $0 · end of year $0

Mission and programs · 2023

Mission

STATE CHARTERED CREDIT UNION - PROVIDES DEPOSIT PRODUCTS, PAYMENT SERVICES, AUTO LOANS, ATM SERVICES, VISA CREDIT CARDS AND SAFE DEPOSIT BOXES FOR THE MEMBERS. ALSO, SALE OF LOAN PROTECTION PRODUCTS SUCH AS GAP, WARRANTIES, AND SINGLE PREMIUM LIFE AND DISABILITY.

  • HEALTH CENTER CREDIT UNION PROVIDES AUTO LOANS, VISA CARDS, SAFE DEPOSIT BOXES, DEPOSIT PRODUCTS AND ATM SERVICES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Graybill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles Sanford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Wren

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dalton Brannen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anthony Wright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Libby Poteet

    BOARD CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Aisha Lavin

    BOARD VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Burns

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jack Evans

    BOARD SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Patrick Hatch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stacy A Tallent

    PRESIDENT/CEO

    Total calculated
    $86,715
    From this org
    $64,723
    From related orgs
    $0
    Other
    $21,992
    Hours/week
    40

  • Lisa B Mahaffey

    SENIOR VICE PRESIDENT

    Total calculated
    $72,043
    From this org
    $54,735
    From related orgs
    $0
    Other
    $17,308
    Hours/week
    40

  • Melissa K Haffly

    VICE PRESIDENT

    Total calculated
    $48,388
    From this org
    $37,684
    From related orgs
    $0
    Other
    $10,704
    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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202411359349312841

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