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Nonprofiteer
← HOLY FAMILY MEMORIAL CREDIT UNION

Form 990 for tax year 2022

Filed by HOLY FAMILY MEMORIAL CREDIT UNION.

Totals

Total revenue
$473,046
Total expenses
$412,192
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$352,281
Investment income
$117,788
Other revenue
$2,977
Total assets, end of year
$17,977,082
Total liabilities, end of year
$16,157,450
Net assets or fund balances, end of year
$1,819,632
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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 $307,762 · related or exempt $307,762

  • 2b · Program service revenue: MEMBER FEE INCOME

    total $36,538 · related or exempt $36,538

  • 2c · Program service revenue: OTHER MEMBER RELATED INCOME

    total $7,081 · related or exempt $7,081

  • 2d · Program service revenue: VEHICLE WARRANTY INSURANCE

    total $900 · unrelated business $900

  • 3 · Investment income

    total $117,788 · excluded $117,788

  • 5 · Royalties

    total $2,977 · excluded $2,977

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $84,513

  • 7 · Other salaries and wages

    total $111,681

  • 8 · Pension plan contributions

    total $10,593

  • 9 · Other employee benefits

    total $31,280

  • 10 · Payroll taxes

    total $15,199

  • 11c · Fees: accounting

    total $4,185

  • 12 · Advertising and promotion

    total $559

  • 13 · Office expenses

    total $52,312

  • 14 · Information technology

    total $59,190

  • 19 · Conferences, conventions and meetings

    total $4,890

  • 22 · Depreciation, depletion and amortization

    total $12,912

  • 23 · Insurance

    total $12,839

  • 24a · Other expenses: LOAN SERVICING

    total $8,128

  • 24b · Other expenses: DIVIDENDS EXPENSE

    total $3,911

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,498 · end of year $205,752

  • 2 · Savings and temporary cash investments

    beginning of year $4,448,596 · end of year $3,360,987

  • 4 · Accounts receivable

    beginning of year $18,842 · end of year $19,399

  • 5 · Loans and receivables from officers and key people

    end of year $173,852

  • 7 · Other notes and loans receivable

    beginning of year $9,984,709 · end of year $9,991,563

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,848 · end of year $86,551

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

    $324,921

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

    $192,441

  • 10c · Land, buildings and equipment, net

    beginning of year $140,959 · end of year $132,480

  • 13 · Investments: program-related

    beginning of year $3,817,052 · end of year $3,818,052

  • 15 · Other assets

    beginning of year $197,042 · end of year $188,446

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,840 · end of year $58,270

  • 25 · Other liabilities

    beginning of year $17,066,928 · end of year $16,099,180

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,758,778 · end of year $1,819,632

Mission and programs · 2022

Mission

WE ARE A CLOSED CHARTER MEMBER-OWNED AND DIRECTED CREDIT UNION. OUR MISSION IS TO MEET OUR MEMBERSHIP'S FINANCIAL NEEDS THROUGH QUALITY SERVICE AT THE BEST VALUE WHILE MAINTAINING FINANCIAL STABILITY. WE LOOK TO BE HERE FOR OUR MEMBERS NOW AND FOR MANY YEARS TO COME.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 97 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 1,613 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 173 NEW LOANS DURING 2022. AS OF 12/31/22 WE HAD 653 LOANS RECEIVABLE.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joel Strozewski

    PRES (PARTIA

    Total calculated
    $63,103
    From this org
    $56,596
    From related orgs
    $0
    Other
    $6,507
    Hours/week
    40

  • Jonathan Roepke

    PRES (PARTIA

    Total calculated
    $35,401
    From this org
    $27,292
    From related orgs
    $0
    Other
    $8,109
    Hours/week
    40

  • Rebecca Schleis

    SECRETARY

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sandy Brooks

    DIRECTOR

    Total calculated
    $100
    From this org
    $100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Diane Freiberg

    CHAIR

    Total calculated
    $100
    From this org
    $100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Eileen Maney

    VICE CHAIR

    Total calculated
    $100
    From this org
    $100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kay Stecker

    DIRECTOR

    Total calculated
    $100
    From this org
    $100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jill Rauber

    PRIOR CHAIR

    Total calculated
    $25
    From this org
    $25
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.25

  • John Konicek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Krepline

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
5 May 2023
IRS schema version
2022v5.0
Source object
202331259349302608

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