Totals
- Total revenue
- $686,739
- Total expenses
- $696,570
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $406,648
- Investment income
- $62,738
- Other revenue
- $217,353
- Total assets, end of year
- $16,188,334
- Total liabilities, end of year
- $14,563,856
- Net assets or fund balances, end of year
- $1,624,478
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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 $406,648 · related or exempt $406,648 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $62,738 · related or exempt $62,738 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11a · Other revenue: FEES FOR MEMBER SERVICES
total $199,654 · related or exempt $199,654 · unrelated business $0 · excluded $0
-
11b · Other revenue: OTHER INCOME
total $17,699 · related or exempt $0 · unrelated business $17,699 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$217,353
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $283,497
-
9 · Other employee benefits
total $25,871
-
10 · Payroll taxes
total $21,949
-
11c · Fees: accounting
total $12,735
-
12 · Advertising and promotion
total $600
-
13 · Office expenses
total $23,055
-
14 · Information technology
total $72,014
-
16 · Occupancy
total $45,518
-
17 · Travel
total $0
-
19 · Conferences, conventions and meetings
total $5,762
-
20 · Interest
total $99,230
-
22 · Depreciation, depletion and amortization
total $25,767
-
23 · Insurance
total $13,473
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $23,500
-
24b · Other expenses: LOAN SERVICING EXPENSES
total $18,088
-
24c · Other expenses: MEMBER ANNUAL MEETING EXPENSE
total $6,383
-
24d · Other expenses: MISCELLANEOUS EXPENSE
total $19,128
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,641,982 · end of year $1,217,860
-
2 · Savings and temporary cash investments
beginning of year $4,980,237 · end of year $6,114,440
-
3 · Pledges and grants receivable
beginning of year $0
-
4 · Accounts receivable
beginning of year $7,820,104 · end of year $7,594,088
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0
-
8 · Inventories for sale or use
beginning of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $83,174 · end of year $79,384
-
10a · Land, buildings and equipment: cost or other basis
$1,266,016
-
10b · Land, buildings and equipment: accumulated depreciation
$83,454
-
10c · Land, buildings and equipment, net
beginning of year $1,198,386 · end of year $1,182,562
-
17 · Accounts payable and accrued expenses
end of year $14,553
-
25 · Other liabilities
beginning of year $14,150,953 · end of year $14,549,303
-
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 $1,572,930 · end of year $1,624,478
Mission and programs · 2023
Mission
Provide services to members in the form of loans and deposit accounts.
Activities or mission (Part I)
Provides services to members in the form of loans, deposit accounts, etc.
-
LOANS AND DEPOSITS FOR MEMBERS
As filed on the 2023 return.
Listed in Part VII
-
Jeff KalbJEFF KALB
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.23
-
Jk BarrineauJK BARRINEAU
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.23
-
Edwin CurtisEDWIN CURTIS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.23
-
Cathy BrownCATHY BROWN
EDUCATION DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.23
-
Donald J McCowanDONALD J MCCOWAN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.23
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431139349300908
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