Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOANS TO MEMBERS

  total $26,030,723 · related or exempt $26,030,723

• 2b · Program service revenue: FEES/CHARGES/OTHER

  total $10,776,359 · related or exempt $10,776,359

• 2c · Program service revenue: FINANCE AND INSURANCE

  total $135,420 · unrelated business $135,420

• 3 · Investment income

  total $5,159,040 · related or exempt $5,159,040

• 7a · Gross sales of assets other than inventory

  other assets $3,295

• 7b · Less cost or other basis and sales expenses

  other assets $1

• 7c · Gain or loss

  other assets $3,294

• 7d · Net gain or loss

  total $3,294 · related or exempt $3,294

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $29,614

• 2 · Grants to domestic individuals

  total $13,900

• 5 · Compensation of officers, directors and key employees

  total $623,548

• 7 · Other salaries and wages

  total $10,051,836

• 8 · Pension plan contributions

  total $1,057,797

• 9 · Other employee benefits

  total $2,530,898

• 10 · Payroll taxes

  total $901,390

• 11c · Fees: accounting

  total $133,553

• 11f · Fees: investment management

  total $37,021

• 11g · Fees: other

  total $254,920

• 12 · Advertising and promotion

  total $887,173

• 13 · Office expenses

  total $2,707,965

• 14 · Information technology

  total $1,583,583

• 16 · Occupancy

  total $613,076

• 17 · Travel

  total $297,830

• 20 · Interest

  total $7,263,099

• 21 · Payments to affiliates

  total $104,003

• 22 · Depreciation, depletion and amortization

  total $989,620

• 23 · Insurance

  total $150,405

• 24a · Other expenses: UNRELATED BUSINESS INCO

  total $7,702

• 24b · Other expenses: DEBIT/CREDIT EXPENSES

  total $3,358,747

• 24c · Other expenses: LOAN SERVICING

  total $2,390,104

• 24d · Other expenses: MAINTENANCE

  total $1,258,226

• 24e · All other expenses

  total $1,126,227

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,534,348 · end of year $6,696,810

• 2 · Savings and temporary cash investments

  beginning of year $65,637,377 · end of year $74,623,704

• 4 · Accounts receivable

  beginning of year $1,110,952 · end of year $603,337

• 7 · Other notes and loans receivable

  beginning of year $493,014,955 · end of year $501,286,715

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,869,746 · end of year $2,041,535

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

  $20,405,116

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

  $9,693,518

• 10c · Land, buildings and equipment, net

  beginning of year $10,061,175 · end of year $10,711,598

• 11 · Investments: publicly traded securities

  beginning of year $150,728,057 · end of year $151,690,588

• 12 · Investments: other securities

  beginning of year $39,022,045 · end of year $37,704,600

• 14 · Intangible assets

  beginning of year $3,306,050 · end of year $3,015,170

• 15 · Other assets

  beginning of year $19,035,098 · end of year $18,944,568

• 17 · Accounts payable and accrued expenses

  beginning of year $6,570,278 · end of year $7,256,104

• 25 · Other liabilities

  beginning of year $716,496,476 · end of year $727,460,673

• 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 $67,253,049 · end of year $72,601,848

The filer's explanations (Part III)

PART I, LINE 4B

THE FOLLOWING EMPLOYEES REPORTED IN PART VII PARTICIPATE IN A DEFERRED CASH AGREEMENT WHICH WILL BE FUNDED BY THE CREDIT UNION OWNED LIFE INSURANCE POLICIES IN PLACE FOR EACH OF THE PARTICIPANTS: MICHELE MAKLEY TAMMY BENGEL JOSEPH KRIEGER GURSIMRAN VIRK THERESA BURGESS SEAN KREBS LEANNE HIXSON HARVEY HOSKINS