Totals
- Total revenue
- $8,484,479
- Total expenses
- $9,825,320
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $7,338,681
- Investment income
- $1,145,798
- Other revenue
- $0
- 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 $5,380,132 · related or exempt $5,380,132
-
2b · Program service revenue: SHARE & SHARE DRAFT FE
total $1,267,953 · related or exempt $1,267,953
-
2c · Program service revenue: LOAN FEES
total $394,293 · related or exempt $394,293
-
2d · Program service revenue: OTHER SERVICE FEES
total $296,303 · related or exempt $296,303
-
3 · Investment income
total $1,145,798 · related or exempt $1,145,798
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $384,497
-
7 · Other salaries and wages
total $2,651,067
-
11g · Fees: other
total $640,664
-
12 · Advertising and promotion
total $142,481
-
13 · Office expenses
total $1,969,079
-
16 · Occupancy
total $487,962
-
17 · Travel
total $57,001
-
20 · Interest
total $49,549
-
24a · Other expenses: FRAUD LOSS & MISCELLANE
total $3,133,400
-
24b · Other expenses: LOAN SERVICE FEES & LOS
total $281,021
-
24c · Other expenses: ASSOCIATION DUES
total $28,599
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,935,942 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $36,471,977 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $1,457,021 · 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
beginning of year $124,530,493 · end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $315,669 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $529,320 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $41,007,667 · end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $1,778,157 · end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,634,697 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,047,298
-
29 · Capital stock, trust principal or current funds
beginning of year $193,286,562 · 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 $14,327,083 · end of year $0
Mission and programs · 2022
Mission
AS A LEADING NON-PROFIT FINANCIAL COOPERATIVE, OUR PURPOSE IS TO PROVICE HIGH QUALITY, LOW COST FINANCIAL SERVICES FOR OUR MEMBERS. WE ARE DEDICATED TO IMPROVING THE FINANCIAL WELL-BEING OF OUR MEMBER COMMUNITY THROUGH ENGAGEMENT, SERVICE, EDUCATION, OUTREACH, AND CHARITY.
Activities or mission (Part I)
AS A LEADING NON-PROFIT FINANCIAL COOPERATIVE, OUR PURPOSE IS TO PROVIDE HIGH QUALITY, LOW COST FINANCIAL SERVICES FOR OUR MEMBERS. WE ARE DEDICATED TO IMPROVING THE FINANCIAL WELL-BEING OF OUR MEMBER COMMUNITY THROUGH ENGAGEMENT, SERVICE, EDUCATION, OUTREACH AND CHARITY.
-
SERVED MORE THAN EIGHTEEN THOUSAND MEMBERS DURING THE YEAR BY OFFERING FAVORABLE DIVIDEND RATES ON SAVINGS AND ATTRACTED OVER ONE HUNDRED NINETY THREE MILLION DOLLARS IN MEMBERS DEPOSITS.
-
SERVED MORE THAN EIGHTEEN THOUSAND MEMBERS DURING THE YEAR BY EXTENDING CREDIT WITH LOW INTEREST RATES AND HELD OVER 126 MILLION DOLLARS CONSUMER AND REAL ESTATE LOANS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David ThurstonDAVID THURSTON
CHAIR BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 2
-
Joanna GreenJOANNA GREEN
VICE CHAIR, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 2
-
Heather MuggHEATHER MUGG
SECRETARY OF BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Jose G RodriguezJOSE G RODRIGUEZ
TREASURER OF BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Beverly CormicanBEVERLY CORMICAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Deepa PawateDEEPA PAWATE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Audrey Phillips-TurnerAUDREY PHILLIPS-TURNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lisa UnderwoodLISA UNDERWOOD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Roland WitterROLAND WITTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jon W Wollenzien JrJON W WOLLENZIEN JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Katherine WrightKATHERINE WRIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Chris CulbersonCHRIS CULBERSON
PRESIDENT
- Total calculated
- $237,634
- From this org
- $209,609
- From related orgs
- $0
- Other
- $28,025
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,000
- Bonus
- $22,609
- Other
- $0
- Deferred
- $16,830
- Nontaxable benefits
- $11,195
- Filer's total
- $237,634
-
David KaneDAVID KANE
MEMBER FINANCIAL SERVICE REP
- Total calculated
- $146,863
- From this org
- $135,686
- From related orgs
- $0
- Other
- $11,177
- 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
None.
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.
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.
-
$199,013,748
Liquidation · CREDIT UNION 1 ACQUIRED EMORY ALLIANCE CREIDT UNION ON 12/31/2022 VIA A MERGER · Dec 31, 2022 · 501(C)(14)
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 27 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312839349302101
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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