Totals
- Total revenue
- $93,587,830
- Total expenses
- $80,784,436
- Contributions and grants received
- $0
- Grants paid
- $116,920
- Program service revenue
- $89,336,491
- Investment income
- $2,979,800
- Other revenue
- $1,271,539
- Total assets, end of year
- $1,514,756,460
- Total liabilities, end of year
- $1,326,798,639
- Net assets or fund balances, end of year
- $187,957,821
- 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: INTEREST ON LOANS
total $67,560,046 · related or exempt $67,560,046
-
2b · Program service revenue: VISA INTERCHANGE
total $10,162,693 · related or exempt $10,162,693
-
2c · Program service revenue: FEES & OTHER CHARGES
total $8,002,968 · related or exempt $8,002,968
-
2d · Program service revenue: INSURANCE SALES
total $2,551,166 · related or exempt $2,380,790 · unrelated business $170,376
-
2e · Program service revenue: ALL OTHER
total $653,803 · related or exempt $539,443 · unrelated business $114,360
-
2f · All other program service revenue
total $405,815 · related or exempt $405,815
-
3 · Investment income
total $2,979,800 · related or exempt $2,979,800
-
5 · Royalties
total $133,883 · related or exempt $133,883
-
11a · Other revenue: OTHER NON-OP INC (DEFERRED COMP)
total $1,102,878 · related or exempt $1,102,878
-
11b · Other revenue: OTHER NON-OP INC/LOSS
total $34,778 · related or exempt $34,778
-
11e · Other revenue, total
$1,137,656
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $116,920
-
5 · Compensation of officers, directors and key employees
total $2,851,272
-
7 · Other salaries and wages
total $17,513,062
-
8 · Pension plan contributions
total $1,070,603
-
9 · Other employee benefits
total $2,334,265
-
10 · Payroll taxes
total $1,449,212
-
11b · Fees: legal
total $33,816
-
11c · Fees: accounting
total $1,853,485
-
11g · Fees: other
total $320,672
-
12 · Advertising and promotion
total $2,381,740
-
13 · Office expenses
total $2,852,581
-
14 · Information technology
total $7,536,759
-
16 · Occupancy
total $1,993,849
-
17 · Travel
total $114,285
-
19 · Conferences, conventions and meetings
total $787,264
-
20 · Interest
total $4,160,316
-
22 · Depreciation, depletion and amortization
total $3,496,781
-
23 · Insurance
total $326,696
-
24a · Other expenses: DIVIDENDS
total $19,585,390
-
24b · Other expenses: LOAN SERVICING
total $4,654,699
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $4,564,155
-
24d · Other expenses: ASSOCIATION DUES
total $134,823
-
24e · All other expenses
total $651,791
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $18,042,252 · end of year $18,273,595
-
2 · Savings and temporary cash investments
beginning of year $58,477,318 · end of year $85,954,761
-
4 · Accounts receivable
beginning of year $1,520,254 · end of year $1,350,647
-
7 · Other notes and loans receivable
beginning of year $1,176,883,625 · end of year $1,264,810,643
-
9 · Prepaid expenses and deferred charges
beginning of year $6,164,301 · end of year $7,707,776
-
10a · Land, buildings and equipment: cost or other basis
$61,469,190
-
10b · Land, buildings and equipment: accumulated depreciation
$28,697,161
-
10c · Land, buildings and equipment, net
beginning of year $31,190,268 · end of year $32,772,029
-
11 · Investments: publicly traded securities
beginning of year $47,310,747 · end of year $39,160,073
-
12 · Investments: other securities
beginning of year $26,740,767 · end of year $25,206,409
-
15 · Other assets
beginning of year $39,476,250 · end of year $39,520,527
-
17 · Accounts payable and accrued expenses
beginning of year $21,040,813 · end of year $16,642,470
-
19 · Deferred revenue
beginning of year $665,910 · end of year $2,006,467
-
23 · Secured mortgages and notes payable
beginning of year $81,950,000 · end of year $116,750,000
-
25 · Other liabilities
beginning of year $1,125,769,042 · end of year $1,191,399,702
-
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 $176,380,017 · end of year $187,957,821
Mission and programs · 2023
Mission
PROVIDE LENDING, SAVINGS, AND FINANCIAL SERVICES FOR MUTUAL PURPOSE, INCLUDING CONSUMER LOANS, REAL ESTATE LOANS, CREDIT CARDS, SAVINGS AND CERTIFICATE ACCOUNTS, INVESTMENT OPTIONS, AND MULTIPLE METHODS FOR MEMBER ACCESS TO THEIR FINANCIAL SERVICES AND RESOURCES.
-
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 95,513 MEMBERS.
-
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, LOANS OUTSTANDING TOTALED $1,272,954,614, INCLUDING LOAN PARTICIPATIONS.
-
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $19,585,390 FOR THE YEAR.
As filed on the 2023 return.
Listed in Part VII
-
Richard GilstrapRICHARD GILSTRAP
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3.75
-
Dean LangDEAN LANG
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Stanley LonghoferSTANLEY LONGHOFER
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Mary Kay GlasnerMARY KAY GLASNER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kevin KienzieKEVIN KIENZIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary SingletonMARY SINGLETON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Warren BriggemanWARREN BRIGGEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian McGuireBRIAN MCGUIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Clinton KokerCLINTON KOKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frank ShoffnerFRANK SHOFFNER
CEO
- Total calculated
- $1,052,846
- From this org
- $865,889
- From related orgs
- $0
- Other
- $186,957
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $458,815
- Bonus
- $353,332
- Other
- $53,742
- Deferred
- $166,333
- Nontaxable benefits
- $20,624
- Filer's total
- $1,052,846
-
Eileen PhelpsEILEEN PHELPS
COO (TERMINATED)
- Total calculated
- $578,891
- From this org
- $545,185
- From related orgs
- $0
- Other
- $33,706
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $129,881
- Bonus
- $160,984
- Other
- $254,320
- Deferred
- $27,941
- Nontaxable benefits
- $5,765
- Filer's total
- $578,891
-
Lea Ann GabbertLEA ANN GABBERT
CAO
- Total calculated
- $398,531
- From this org
- $285,611
- From related orgs
- $0
- Other
- $112,920
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $206,192
- Bonus
- $56,296
- Other
- $23,123
- Deferred
- $88,006
- Nontaxable benefits
- $24,914
- Filer's total
- $398,531
-
David GermannDAVID GERMANN
CLO
- Total calculated
- $410,901
- From this org
- $313,248
- From related orgs
- $0
- Other
- $97,653
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $254,687
- Bonus
- $55,895
- Other
- $2,666
- Deferred
- $88,198
- Nontaxable benefits
- $9,455
- Filer's total
- $410,901
-
Gopi MenonGOPI MENON
CIO (TERMINATED)
- Total calculated
- $147,475
- From this org
- $169,807
- From related orgs
- $0
- Other
- -$22,332
- Hours/week
- 45
-
Sam GroveSAM GROVE
CFO
- Total calculated
- $308,842
- From this org
- $234,927
- From related orgs
- $0
- Other
- $73,915
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $192,479
- Bonus
- $42,044
- Other
- $404
- Deferred
- $62,772
- Nontaxable benefits
- $11,143
- Filer's total
- $308,842
-
Jon DouglasJON DOUGLAS
CIO
- Total calculated
- $214,557
- From this org
- $197,316
- From related orgs
- $0
- Other
- $17,241
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $176,058
- Bonus
- $20,678
- Other
- $580
- Deferred
- $14,318
- Nontaxable benefits
- $2,923
- Filer's total
- $214,557
-
Nicole El-ChamiNICOLE EL-CHAMI
COO
- Total calculated
- $173,813
- From this org
- $152,961
- From related orgs
- $0
- Other
- $20,852
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $132,962
- Bonus
- $19,741
- Other
- $258
- Deferred
- $10,900
- Nontaxable benefits
- $9,952
- Filer's total
- $173,813
-
Jim JacobsJIM JACOBS
SVP RISK & ACCOUNTING
- Total calculated
- $192,470
- From this org
- $180,261
- From related orgs
- $0
- Other
- $12,209
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $149,692
- Bonus
- $27,949
- Other
- $2,620
- Deferred
- $11,993
- Nontaxable benefits
- $216
- Filer's total
- $192,470
-
Kym MoneyKYM MONEY
VP MARKETING
- Total calculated
- $188,160
- From this org
- $163,205
- From related orgs
- $0
- Other
- $24,955
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $135,129
- Bonus
- $26,483
- Other
- $1,593
- Deferred
- $11,111
- Nontaxable benefits
- $13,844
- Filer's total
- $188,160
-
Gina EvansGINA EVANS
VP HUMAN RESOURCES
- Total calculated
- $185,130
- From this org
- $162,262
- From related orgs
- $0
- Other
- $22,868
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $134,295
- Bonus
- $26,395
- Other
- $1,572
- Deferred
- $11,135
- Nontaxable benefits
- $11,733
- Filer's total
- $185,130
-
Roy ManschROY MANSCH
VP RETAIL OPERATIONS
- Total calculated
- $171,865
- From this org
- $160,438
- From related orgs
- $0
- Other
- $11,427
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $139,531
- Bonus
- $20,341
- Other
- $566
- Deferred
- $11,182
- Nontaxable benefits
- $245
- Filer's total
- $171,865
-
Heather BakerHEATHER BAKER
REAL ESTATE LOAN OFFICER
- Total calculated
- $189,144
- From this org
- $157,060
- From related orgs
- $0
- Other
- $32,084
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $155,804
- Bonus
- $1,200
- Other
- $56
- Deferred
- $10,535
- Nontaxable benefits
- $21,549
- Filer's total
- $189,144
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 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- THE BOARD OF DIRECTORS ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT TO PERFORM AN ANNUAL COMPENSATION SURVEY. THE EXECUTIVE COMMITTEE OF THE BOARD APPROVES CEO COMPENSATION ANNUALLY BASED ON THE COMPENSATION SURVEY BY THE CONSULTANT, WITHIN THE TERMS OF A WRITTEN CONTRACT AND BASED ON PRE-ESTABLISHED PERFORMANCE TARGETS.
- PART I, LINES 4A-B
- THE FOLLOWING OFFICERS PARTICIPATED IN A LONG-TERM INCENTIVE PLAN: FRANK SHOFFNER - $141,058 ACCRUAL; $345,890 PAYOUT. EILEEN PHELPS - $3,645 ACCRUAL; $96,462 PAYOUT. DAVID GERMANN - $67,680 ACCRUAL; $0 PAYOUT. LEA ANN GABBERT - $68,821 ACCRUAL; $0 PAYOUT. SAM GROVE - $49,545 ACCRUAL; $0 PAYOUT. GOPI MENON - ($30,656) ACCRUAL; $28,407 PAYOUT. WHEN THEY OCCUR, THE AMOUNTS OF LONG-TERM INCENTIVE PLAN PAYOUTS FOR PARTICIPANTS ARE REPORTED AS TAXABLE INCOME ON THE EXECUTIVE'S FORM W-2. IN ADDITION, EILEEN PHELPS RECEIVED A $230,182 SEVERANCE PACKAGE, AND THE ENTIRE AMOUNT WAS INCLUDED IN HER W-2.
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
- 2023
- Filed
- 28 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432419349300528
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.