Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST MEMBER LOANS

  total $8,708,867 · related or exempt $8,708,867

• 2b · Program service revenue: FEES MEMBER SERVICE

  total $1,362,781 · related or exempt $1,362,781

• 2c · Program service revenue: LOAN SERVICING INCOME

  total $404,643 · related or exempt $404,643

• 3 · Investment income

  total $197,043 · excluded $197,043

• 11a · Other revenue: NON-MEMBER ATM FEES

  total $1,992 · unrelated business $1,992

• 11e · Other revenue, total

  $1,992

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,000 · program services $5,000

• 5 · Compensation of officers, directors and key employees

  total $821,601 · program services $821,601

• 7 · Other salaries and wages

  total $1,846,452 · program services $1,846,452

• 8 · Pension plan contributions

  total $102,916 · program services $102,916

• 9 · Other employee benefits

  total $212,130 · program services $212,130

• 10 · Payroll taxes

  total $195,867 · program services $195,867

• 11b · Fees: legal

  total $25,057 · program services $25,057

• 11g · Fees: other

  total $549,110 · program services $549,110

• 12 · Advertising and promotion

  total $153,706 · program services $153,706

• 14 · Information technology

  total $727,892 · program services $727,892

• 16 · Occupancy

  total $200,446 · program services $200,446

• 19 · Conferences, conventions and meetings

  total $44,256 · program services $44,256

• 22 · Depreciation, depletion and amortization

  total $276,203 · program services $276,203

• 24a · Other expenses: UBIT

  total $158 · program services $158

• 24b · Other expenses: LOAN SERVICING EXPENSE

  total $1,986,381 · program services $1,986,381

• 24c · Other expenses: PROVISION FOR LOAN LOSS

  total $1,383,000 · program services $1,383,000

• 24d · Other expenses: DIVIDENDS & INTEREST -M

  total $702,619 · program services $702,619

• 24e · All other expenses

  total $762,197 · program services $762,197

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $416,313 · end of year $456,130

• 2 · Savings and temporary cash investments

  beginning of year $5,277,575 · end of year $4,079,864

• 4 · Accounts receivable

  beginning of year $176,912 · end of year $18,724

• 5 · Loans and receivables from officers and key people

  beginning of year $3,992,507 · end of year $4,027,730

• 7 · Other notes and loans receivable

  beginning of year $133,802,940 · end of year $151,756,985

• 9 · Prepaid expenses and deferred charges

  beginning of year $246,584 · end of year $333,015

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

  $6,032,045

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

  $1,703,914

• 10c · Land, buildings and equipment, net

  beginning of year $4,511,886 · end of year $4,328,131

• 12 · Investments: other securities

  beginning of year $132,370 · end of year $132,779

• 15 · Other assets

  beginning of year $12,884,692 · end of year $7,949,150

• 17 · Accounts payable and accrued expenses

  beginning of year $577,424 · end of year $556,698

• 23 · Secured mortgages and notes payable

  end of year $2,000,000

• 25 · Other liabilities

  beginning of year $148,159,380 · end of year $157,140,500

• 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 $12,704,975 · end of year $13,385,310

The filer's explanations (Part III)

PART I, LINE 4B

CLAUDIA MILAN & SCOTT FERNDELLI SUPPLEMENTAL RETIREMENT PLAN FOR THE CREDIT UNION'S FORMER CEO & CEO SEE SCHEDULE L