Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST INCOME - LOAN

  total $608,459,458 · related or exempt $608,459,458

• 3 · Investment income

  total $148,928,271 · related or exempt $148,928,271

• 7a · Gross sales of assets other than inventory

  securities $149,201,000 · other assets $118,666,000

• 7b · Less cost or other basis and sales expenses

  securities $147,708,894 · other assets $88,279,651

• 7c · Gain or loss

  securities $1,492,106 · other assets $30,386,349

• 7d · Net gain or loss

  total $31,878,455 · related or exempt $31,878,455

• 11a · Other revenue: DEBIT CARD INCOME

  total $30,920,087 · related or exempt $30,920,087

• 11b · Other revenue: CHECKING ACCOUNTS FEE

  total $25,867,205 · related or exempt $25,867,205

• 11c · Other revenue: STAR NETWORK FEE INCOM

  total $21,362,243 · related or exempt $21,362,243

• 11d · All other revenue

  total $30,664,391 · related or exempt $20,001,782 · unrelated business $10,662,609

• 11e · Other revenue, total

  $108,813,926

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $12,214,128

• 7 · Other salaries and wages

  total $163,361,136

• 8 · Pension plan contributions

  total $12,435,647

• 9 · Other employee benefits

  total $22,360,280

• 10 · Payroll taxes

  total $13,167,283

• 11b · Fees: legal

  total $2,314,205

• 11c · Fees: accounting

  total $546,623

• 11g · Fees: other

  total $7,926,871

• 12 · Advertising and promotion

  total $19,505,713

• 13 · Office expenses

  total $17,904,176

• 14 · Information technology

  total $21,920,972

• 16 · Occupancy

  total $20,643,565

• 17 · Travel

  total $847,562

• 19 · Conferences, conventions and meetings

  total $1,349,355

• 20 · Interest

  total $82,127,511

• 22 · Depreciation, depletion and amortization

  total $17,216,075

• 23 · Insurance

  total $865,400

• 24a · Other expenses: DISBURSEMENTS TO MEMBER

  total $170,876,486

• 24b · Other expenses: PROVISION FOR LOAN LOSS

  total $86,460,044

• 24c · Other expenses: PRODUCT SERVICES

  total $33,689,883

• 24d · Other expenses: ATM EXPENSES

  total $21,660,500

• 24e · All other expenses

  total $28,374,437

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $160,120,547 · end of year $177,419,178

• 4 · Accounts receivable

  beginning of year $249,235,198 · end of year $2,257,509,870

• 5 · Loans and receivables from officers and key people

  beginning of year $16,515,323 · end of year $16,673,928

• 7 · Other notes and loans receivable

  beginning of year $12,328,660,156 · end of year $13,766,983,594

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

  $227,759,996

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

  $160,820,699

• 10c · Land, buildings and equipment, net

  beginning of year $73,326,611 · end of year $66,939,297

• 12 · Investments: other securities

  beginning of year $4,790,403,889 · end of year $3,908,928,983

• 15 · Other assets

  beginning of year $863,606,366 · end of year $935,348,698

• 17 · Accounts payable and accrued expenses

  beginning of year $6,605,211 · end of year $21,570,562

• 25 · Other liabilities

  beginning of year $17,122,014,428 · end of year $19,572,665,312

• 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 $1,353,248,451 · end of year $1,535,567,674

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 1A

THE CREDIT UNION WILL REIMBURSE A DIRECTOR FOR REASONABLE ACTUAL EXPENSES INCURRED IN CONNECTION WITH ATTENDING APPROVED CONFERENCES, SEMINARS, AND OTHER BUSINESS FUNCTIONS. REIMBURSEMENT MAY INCLUDE EXPENSES FOR ONE IMMEDIATE FAMILY MEMBER TO FACILITATE TRAVEL TO AND FROM SUCH EVENT PER GOLDEN 1'S BOARD TRAVEL POLICY. FORM 990, SCHEDULE J, PART I, LINE 4A ONE VICE PRESIDENT RECEIVED A SEVERANCE PAYMENT IN 2023. FORM 990, SCHEDULE J, PART I, LINE 4B DONNA BLAND, PRESIDENT AND CEO, AND ONE CURRENT AND TWO FORMER EXECUTIVE VICE PRESIDENTS PARTICIPATE IN A SPLIT DOLLAR LIFE INSURANCE PLAN AS APPROVED BY THE BOARD OF DIRECTORS.