Totals
- Total revenue
- $26,576,030
- Total expenses
- $18,548,372
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $23,979,552
- Investment income
- $1,900,875
- Other revenue
- $695,603
- Total assets, end of year
- $419,648,693
- Total liabilities, end of year
- $383,135,783
- Net assets or fund balances, end of year
- $36,512,910
- 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: FEE INCOME
total $12,045,894 · related or exempt $12,019,810 · unrelated business $26,084
-
2b · Program service revenue: LOAN INCOME FROM MEMBERS
total $11,933,658 · related or exempt $11,933,658
-
3 · Investment income
total $1,900,875 · excluded $1,900,875
-
6a · Gross rents
real property $11,289
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $11,289
-
6d · Net rental income or loss
total $11,289 · excluded $11,289
-
11a · Other revenue: ATM FEES
total $373,440 · unrelated business $373,440
-
11b · Other revenue: OTHER INCOME
total $310,874 · related or exempt $296,496 · unrelated business $14,378
-
11e · Other revenue, total
$684,314
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $1,649,034
-
5 · Compensation of officers, directors and key employees
total $646,658
-
7 · Other salaries and wages
total $6,004,743
-
8 · Pension plan contributions
total $201,672
-
9 · Other employee benefits
total $364,726
-
10 · Payroll taxes
total $494,800
-
11c · Fees: accounting
total $30,000
-
11g · Fees: other
total $1,421,461
-
12 · Advertising and promotion
total $468,223
-
13 · Office expenses
total $1,080,342
-
16 · Occupancy
total $535,084
-
17 · Travel
total $120,065
-
22 · Depreciation, depletion and amortization
total $899,213
-
23 · Insurance
total $124,074
-
24a · Other expenses: SHARE EXPENSES
total $3,197,886
-
24b · Other expenses: LOAN SERVICING
total $520,559
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $400,000
-
24d · Other expenses: OTHER EXPENSES
total $231,821
-
24e · All other expenses
total $158,011
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,256,158 · end of year $4,369,730
-
2 · Savings and temporary cash investments
beginning of year $137,384,868 · end of year $82,528,999
-
5 · Loans and receivables from officers and key people
beginning of year $3,122,760 · end of year $3,122,760
-
7 · Other notes and loans receivable
beginning of year $234,754,406 · end of year $298,484,576
-
10a · Land, buildings and equipment: cost or other basis
$19,430,523
-
10b · Land, buildings and equipment: accumulated depreciation
$7,032,053
-
10c · Land, buildings and equipment, net
beginning of year $12,629,336 · end of year $12,398,470
-
12 · Investments: other securities
beginning of year $13,581,196 · end of year $10,943,945
-
15 · Other assets
beginning of year $7,242,565 · end of year $7,800,213
-
17 · Accounts payable and accrued expenses
beginning of year $4,807,384 · end of year $6,945,928
-
25 · Other liabilities
beginning of year $378,843,446 · end of year $376,189,855
-
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 $30,320,459 · end of year $36,512,910
Mission and programs · 2022
Mission
PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.
-
THE CREDIT UNION HAS 29,994 MEMBERS AS OF 12/31/2022. MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW COST, HIGH QUALITY SERVICES.
As filed on the 2022 return.
Listed in Part VII
-
Eugene ArditoEUGENE ARDITO
PRESIDENT/CEO/DIRECTOR
- Total calculated
- $476,835
- From this org
- $444,856
- From related orgs
- $0
- Other
- $31,979
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $374,856
- Bonus
- $70,000
- Other
- $0
- Deferred
- $26,950
- Nontaxable benefits
- $5,029
- Filer's total
- $476,835
-
James CloutierJAMES CLOUTIER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Traverse FournierTRAVERSE FOURNIER
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Quincy HentzelQUINCY HENTZEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Scott PaquetSCOTT PAQUET
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Keith CanningKEITH CANNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Didier HakizimanaDIDIER HAKIZIMANA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda McLeanLINDA MCLEAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara WoodBARBARA WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelsey MarquisKELSEY MARQUIS
SVP/CFO
- Total calculated
- $169,823
- From this org
- $160,934
- From related orgs
- $0
- Other
- $8,889
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,934
- Bonus
- $17,000
- Other
- $0
- Deferred
- $7,269
- Nontaxable benefits
- $1,620
- Filer's total
- $169,823
-
Jennifer MacArthurJENNIFER MACARTHUR
VP OF BRANCH OPERATIONS
- Total calculated
- $173,616
- From this org
- $144,122
- From related orgs
- $0
- Other
- $29,494
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,122
- Bonus
- $19,000
- Other
- $0
- Deferred
- $18,526
- Nontaxable benefits
- $10,968
- Filer's total
- $173,616
-
Christian VandyckCHRISTIAN VANDYCK
SVP/GENERAL COUNSEL
- Total calculated
- $165,876
- From this org
- $158,934
- From related orgs
- $0
- Other
- $6,942
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,934
- Bonus
- $19,000
- Other
- $0
- Deferred
- $6,942
- Nontaxable benefits
- $0
- Filer's total
- $165,876
-
Alicia WalshALICIA WALSH
VP OF HUMAN RESOURCES
- Total calculated
- $142,934
- From this org
- $131,351
- From related orgs
- $0
- Other
- $11,583
- Hours/week
- 40
-
Bill WhitmoreBILL WHITMORE
VP OF BUSINESS SERVICES
- Total calculated
- $157,716
- From this org
- $139,074
- From related orgs
- $0
- Other
- $18,642
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $121,074
- Bonus
- $18,000
- Other
- $0
- Deferred
- $8,971
- Nontaxable benefits
- $9,671
- Filer's total
- $157,716
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 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)
- PART I, LINE 4B
- EUGENE ARDITO PARTICIPATES IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN.
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
- 2022
- Filed
- 2 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323179349307562
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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