Totals
- Total revenue
- $40,555,341
- Total expenses
- $30,013,057
- Contributions and grants received
- $0
- Grants paid
- $19,200
- Program service revenue
- $36,829,050
- Investment income
- $3,258,595
- Other revenue
- $467,696
- Total assets, end of year
- $1,017,070,436
- Total liabilities, end of year
- $927,894,843
- Net assets or fund balances, end of year
- $89,175,593
- 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 $27,920,819 · related or exempt $27,920,819
-
2b · Program service revenue: INTERCHANGE ON INCOME
total $5,519,548 · related or exempt $5,519,548
-
2c · Program service revenue: SERVICE CHARGES AND FEES
total $1,870,566 · related or exempt $1,762,643 · unrelated business $107,923
-
2d · Program service revenue: LOAN FEES AND CHARGES
total $517,763 · related or exempt $517,763
-
2e · Program service revenue: OTHER NON-INTEREST INCOME
total $1,000,354 · related or exempt $1,000,354
-
3 · Investment income
total $3,247,956 · excluded $3,247,956
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $80,976
-
6b · Less rental expenses
real property $77,983
-
6c · Rental income or loss
real property $2,993 · personal property $0
-
6d · Net rental income or loss
total $2,993 · excluded $2,993
-
7a · Gross sales of assets other than inventory
securities $2,483,399
-
7b · Less cost or other basis and sales expenses
securities $2,472,760
-
7c · Gain or loss
securities $10,639
-
7d · Net gain or loss
total $10,639 · excluded $10,639
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: LIFE INSURANCE CSV
total $360,883 · related or exempt $360,883
-
11b · Other revenue: SHARED BRANCHING
total $103,820 · unrelated business $103,820
-
11e · Other revenue, total
$464,703
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $19,200
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $987,174
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $8,485,726
-
8 · Pension plan contributions
total $560,867
-
9 · Other employee benefits
total $1,874,783
-
10 · Payroll taxes
total $689,409
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $22,671
-
11c · Fees: accounting
total $141,065
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,641,145
-
12 · Advertising and promotion
total $1,209,651
-
13 · Office expenses
total $618,620
-
14 · Information technology
total $215,511
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,560,227
-
17 · Travel
total $126,115
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $2,768,897
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,024,239
-
23 · Insurance
total $195,481
-
24a · Other expenses: LOAN SERVICING EXPENSE
total $428,026
-
24b · Other expenses: DATA PROCESSING FEES
total $2,370,164
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $1,297,590
-
24d · Other expenses: EDUCATION AND PROMOTION
total $699,123
-
24e · All other expenses
total $1,077,373
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,105,439 · end of year $8,173,736
-
2 · Savings and temporary cash investments
beginning of year $28,625,967 · end of year $42,803,903
-
3 · Pledges and grants receivable
beginning of year $2,233,103 · end of year $2,560,678
-
4 · Accounts receivable
beginning of year $127,339 · end of year $99,005
-
5 · Loans and receivables from officers and key people
beginning of year $1,034,242 · end of year $2,211,071
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $609,692,688 · end of year $730,934,049
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $573,919 · end of year $500,131
-
10a · Land, buildings and equipment: cost or other basis
$35,687,206
-
10b · Land, buildings and equipment: accumulated depreciation
$23,215,150
-
10c · Land, buildings and equipment, net
beginning of year $12,933,725 · end of year $12,472,056
-
11 · Investments: publicly traded securities
beginning of year $224,166,629 · end of year $175,738,556
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $9,934,872 · end of year $9,915,869
-
15 · Other assets
beginning of year $28,984,947 · end of year $31,661,382
-
17 · Accounts payable and accrued expenses
beginning of year $5,061,168 · end of year $4,618,880
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $1,113,285 · end of year $1,095,474
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $17,625,424 · end of year $62,101,932
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $802,726,564 · end of year $860,078,557
-
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 $99,886,429 · end of year $89,175,593
Mission and programs · 2022
Mission
WE BUILD LIFE-LONG RELATIONSHIPS BY SUPPORTING FINANCIAL NEEDS, DREAMS, AND POSSIBILITES.
-
DURING THE YEAR, THE CREDIT UNION GRANTED 15,876 LOANS TOTALING $385,186,949. IN ADDITION, 3,446 NEW MEMBERSHIPS WERE OPENED. OVERALL, THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO 66,388 MEMBERS. CRANE CREDIT UNION AND HULMAN FIELD TECHNICIANS FEDERAL CREDIT UNION MERGED TOGETHER EFFECTIVE SEPTEMBER 30TH, 2022, ALLOWING THE CREDIT UNION TO BETTER SERVE THE FINANCIAL NEEDS OF ITS MEMBERS.
As filed on the 2022 return.
Listed in Part VII
-
Kevin SparksKEVIN SPARKS
CEO/PRESIDENT
- Total calculated
- $282,126
- From this org
- $254,820
- From related orgs
- $0
- Other
- $27,306
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $199,107
- Bonus
- $25,000
- Other
- $30,713
- Deferred
- $27,000
- Nontaxable benefits
- $306
- Filer's total
- $282,126
-
Bryan MyersBRYAN MYERS
CHIEF OPERATING OFFICER
- Total calculated
- $180,781
- From this org
- $162,928
- From related orgs
- $0
- Other
- $17,853
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,441
- Bonus
- $6,906
- Other
- $28,581
- Deferred
- $13,034
- Nontaxable benefits
- $4,819
- Filer's total
- $180,781
-
Gary Michael WiggingtonGARY MICHAEL WIGGINGTON
VICE PRESIDENT IT
- Total calculated
- $144,360
- From this org
- $120,466
- From related orgs
- $0
- Other
- $23,894
- Hours/week
- 40
-
Tim Lukomski Left 072022TIM LUKOMSKI LEFT 072022
CHIEF FINANCIAL OFFICER
- Total calculated
- $130,312
- From this org
- $117,922
- From related orgs
- $0
- Other
- $12,390
- Hours/week
- 40
-
Stacy N LengacherSTACY N LENGACHER
EMPLOYEE
- Total calculated
- $128,152
- From this org
- $109,349
- From related orgs
- $0
- Other
- $18,803
- Hours/week
- 40
-
Kenneth R GreenwellKENNETH R GREENWELL
BOARD MEMBER
- Total calculated
- $31,400
- From this org
- $31,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Dale L Padgett JrDALE L PADGETT JR
VICE CHAIRMAN
- Total calculated
- $30,900
- From this org
- $30,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Bruce W CummingsBRUCE W CUMMINGS
TREASURER
- Total calculated
- $28,400
- From this org
- $28,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Gary E Gray JrGARY E GRAY JR
CHAIRMAN
- Total calculated
- $28,150
- From this org
- $28,150
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Jeffrey L SchaferJEFFREY L SCHAFER
DIRECTOR
- Total calculated
- $26,800
- From this org
- $26,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
David H FyreDAVID H FYRE
SECRETARY
- Total calculated
- $23,950
- From this org
- $23,950
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Patricia HerndonPATRICIA HERNDON
DIRECTOR
- Total calculated
- $21,800
- From this org
- $21,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Douglas R RanardDOUGLAS R RANARD
SUPERVISORY
- Total calculated
- $17,689
- From this org
- $17,689
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Quentin D HaysQUENTIN D HAYS
SUPERVISORY
- Total calculated
- $11,500
- From this org
- $11,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Susan E JonesSUSAN E JONES
SUPERVISORY COMMITTEE MEMBER
- Total calculated
- $1,100
- From this org
- $1,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
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
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 1A - TRAVEL FOR COMPANIONS
- AIRFARE FOR BOARD MEMBERS' SPOUSES IS PAID BY THE CREDIT UNION. SPOUSES' MEALS ARE PAID FOR FOR ANY CREDIT UNION EMPLOYEE OR BOARD MEMBER ON OFFICIAL CREDIT UNION BUSINESS. THESE EXPENSES WERE NOT INCLUDED IN TAXABLE INCOME TO THE BOARD MEMBER.
- SCHEDULE J, PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
- CRANE CREDIT UNION (CCU) PROVIDES A SUPPLEMENTAL NONQUALIFIED RETIREMENT 457(F) PLAN TO EXECUTIVE LEVEL EMPLOYEES. THE ORGANIZATION MAKES ANNUAL CONTRIBUTIONS TO THE PLAN. THE DEPOSITS ARE OWNED BY CCU AND ARE TAX-DEFERRED UNTIL A DISTRIBUTIONS ARE MADE. DISTRIBUTIONS ARE MADE EVERY FIVE YEARS FOR ALL EXECUTIVES THAT ARE STILL ACTIVELY EMPLOYED ON THE DISTRIBUTION DATE. CONTRIBUTIONS TO THE PLAN FOR 2022 ARE AS FOLLOWS: KEVIN SPARKS, PRESIDENT - $16,007 TIM LUKOMSKI, CFO - $10,408 BRYAN MYERS, COO - $14,262 GARY MICHEL WIGGINGTON, VP IT - $11,543
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
CRANE TITLE LLC
LEGAL SERVICE · IN · assets $0
Directly controlled by CRANE CU
-
CRANE FCU PROPERTIES
PROPERTY MGMT · IN · assets $0
Directly controlled by CRANE CU
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349316457
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