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Nonprofiteer
← SNO FALLS CREDIT UNION

Form 990 for tax year 2025

Filed by SNO FALLS CREDIT UNION.

Totals

Total revenue
$6,188,533
Total expenses
$5,696,775
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,330,451
Investment income
$774,254
Other revenue
$83,828
Total assets, end of year
$99,940,176
Total liabilities, end of year
$92,128,745
Net assets or fund balances, end of year
$7,811,431
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: LOAN INTEREST INCOME M

    total $4,206,953 · related or exempt $4,206,953

  • 2b · Program service revenue: INTERCHANGE

    total $669,006 · related or exempt $669,006

  • 2c · Program service revenue: FEES & CHARGES MEMBERS

    total $428,206 · related or exempt $428,206

  • 2d · Program service revenue: ATM FEES NON-MEMBERS

    total $24,528 · unrelated business $24,528

  • 2e · Program service revenue: AUTO WARRANTIES

    total $1,200 · unrelated business $1,200

  • 2f · All other program service revenue

    total $558 · unrelated business $558

  • 3 · Investment income

    total $771,324 · excluded $771,324

  • 7a · Gross sales of assets other than inventory

    other assets $2,930

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

    other assets $0

  • 7c · Gain or loss

    other assets $2,930

  • 7d · Net gain or loss

    total $2,930 · related or exempt $2,930

  • 11a · Other revenue: MISC INCOME MEMBER SER

    total $83,828 · related or exempt $83,828

  • 11e · Other revenue, total

    $83,828

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,057,757

  • 7 · Other salaries and wages

    total $1,035,204

  • 8 · Pension plan contributions

    total $352,502

  • 9 · Other employee benefits

    total $261,850

  • 10 · Payroll taxes

    total $168,241

  • 11a · Fees: management

    total $21,812

  • 11b · Fees: legal

    total $9,682

  • 11c · Fees: accounting

    total $96,663

  • 11g · Fees: other

    total $261,114

  • 12 · Advertising and promotion

    total $23,436

  • 13 · Office expenses

    total $832,211

  • 14 · Information technology

    total $88,184

  • 16 · Occupancy

    total $118,669

  • 17 · Travel

    total $48,377

  • 19 · Conferences, conventions and meetings

    total $29,469

  • 20 · Interest

    total $2,404

  • 22 · Depreciation, depletion and amortization

    total $130,133

  • 23 · Insurance

    total $30,186

  • 24a · Other expenses: MASTERCARD CREDIT/DEBIT

    total $470,067

  • 24b · Other expenses: DIVIDENDS

    total $277,668

  • 24c · Other expenses: LENDING EXPENSE

    total $256,303

  • 24d · Other expenses: PROVISION FOR LOAN LOSS

    total $106,586

  • 24e · All other expenses

    total $18,257

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $915,938 · end of year $1,077,512

  • 2 · Savings and temporary cash investments

    beginning of year $4,361,107 · end of year $4,831,739

  • 4 · Accounts receivable

    beginning of year $771,122 · end of year $323,607

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,953,616 · end of year $2,151,516

  • 7 · Other notes and loans receivable

    beginning of year $69,863,542 · end of year $69,716,898

  • 9 · Prepaid expenses and deferred charges

    beginning of year $691,339 · end of year $757,760

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

    $2,525,032

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

    $1,340,916

  • 10c · Land, buildings and equipment, net

    beginning of year $1,375,214 · end of year $1,184,116

  • 12 · Investments: other securities

    beginning of year $17,054,992 · end of year $17,915,455

  • 15 · Other assets

    beginning of year $2,023,960 · end of year $1,981,573

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,050,791 · end of year $771,095

  • 25 · Other liabilities

    beginning of year $91,020,003 · end of year $91,357,650

  • 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 $6,940,036 · end of year $7,811,431

Mission and programs · 2025

Mission

ENHANCE THE FINANCIAL WELL-BEING OF OUR MEMBERS.

  • MUTUAL, MEMBERSHIP PROGRAMS, GENERAL/OTHER: PROVIDED ITS 5,159 MEMBERS THE OPPORTUNITY FOR SAVINGS, DEPOSITS, LOANS, AND OTHER FINANCIAL SERVICES. THE CREDIT UNION GRANTED 327 LOANS TOTALING $11,856,359 TO ITS MEMBERS DURING 2025.

As filed on the 2025 return.

Listed in Part VII

  • Shelly Inman

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.5

  • Mary Barrett

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Carol Lawrence

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bart Kelly

    DIRECTOR, SC CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • E Steve Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kurt Meister

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Paauw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Williams

    CEO

    Total calculated
    $768,529
    From this org
    $694,115
    From related orgs
    $0
    Other
    $74,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,909
    Bonus
    $0
    Other
    $405,206
    Deferred
    $62,083
    Nontaxable benefits
    $12,331
    Filer's total
    $768,529

  • Elizabeth Keating

    CFO

    Total calculated
    $233,761
    From this org
    $190,287
    From related orgs
    $0
    Other
    $43,474
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,880
    Bonus
    $0
    Other
    $42,407
    Deferred
    $43,474
    Nontaxable benefits
    $0
    Filer's total
    $233,761

  • Abbie Lankford

    CXO

    Total calculated
    $227,554
    From this org
    $173,354
    From related orgs
    $0
    Other
    $54,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,077
    Bonus
    $0
    Other
    $37,277
    Deferred
    $41,876
    Nontaxable benefits
    $12,324
    Filer's total
    $227,554

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 committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SNOFALLS SERVICE CORPORATION

    C · LICENSING · WA · 100% owned · share of income -$8,812 · share of assets $428,589

    Directly controlled by SNOFALLS CREDIT UNION

Provenance

Return type
form_990
Tax year
2025
Filed
13 August 2026
IRS schema version
2025v4.2
Source object
202632259349301438

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