Totals
- Total revenue
- $12,052,203
- Total expenses
- $11,266,675
- Contributions and grants received
- $0
- Grants paid
- $31,907
- Program service revenue
- $10,939,023
- Investment income
- $1,088,009
- Other revenue
- $25,171
- Total assets, end of year
- $346,847,400
- Total liabilities, end of year
- $309,976,026
- Net assets or fund balances, end of year
- $36,871,374
- 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: INTEREST ON LOANS
total $7,778,555 · related or exempt $7,778,555
-
2b · Program service revenue: INTERCHANGE DEBIT CARD INCOME
total $1,919,973 · related or exempt $1,919,973
-
2c · Program service revenue: FEE INCOME
total $940,517 · related or exempt $940,517
-
2d · Program service revenue: INSURANCE SALES
total $266,787 · related or exempt $258,787 · unrelated business $8,000
-
2e · Program service revenue: NONMEMBER ATM FEES
total $33,191 · unrelated business $33,191
-
3 · Investment income
total $1,632,418 · excluded $1,632,418
-
6a · Gross rents
real property $83,148
-
6b · Less rental expenses
real property $57,977
-
6c · Rental income or loss
real property $25,171
-
6d · Net rental income or loss
total $25,171 · excluded $25,171
-
7b · Less cost or other basis and sales expenses
securities $544,109 · other assets $300
-
7c · Gain or loss
securities -$544,109 · other assets -$300
-
7d · Net gain or loss
total -$544,409 · excluded -$544,409
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $31,907
-
5 · Compensation of officers, directors and key employees
total $802,981
-
7 · Other salaries and wages
total $3,126,352
-
8 · Pension plan contributions
total $203,612
-
9 · Other employee benefits
total $321,276
-
10 · Payroll taxes
total $260,044
-
11b · Fees: legal
total $5,736
-
11c · Fees: accounting
total $49,598
-
11g · Fees: other
total $1,117,728
-
12 · Advertising and promotion
total $309,622
-
13 · Office expenses
total $411,766
-
14 · Information technology
total $854,761
-
16 · Occupancy
total $301,758
-
17 · Travel
total $22,004
-
19 · Conferences, conventions and meetings
total $343
-
20 · Interest
total $226,846
-
22 · Depreciation, depletion and amortization
total $846,264
-
24a · Other expenses: DIVIDENDS ON MEMBER SHA
total $847,780
-
24b · Other expenses: LOAN & CLOSING COSTS
total $659,679
-
24c · Other expenses: CREDIT CARD FEES
total $373,638
-
24d · Other expenses: BAD DEBT EXPENSE
total $301,201
-
24e · All other expenses
total $191,779
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,493,514 · end of year $1,530,859
-
2 · Savings and temporary cash investments
beginning of year $32,029,760 · end of year $15,678,995
-
4 · Accounts receivable
beginning of year $796,617 · end of year $937,029
-
5 · Loans and receivables from officers and key people
beginning of year $1,121,673 · end of year $1,193,758
-
7 · Other notes and loans receivable
beginning of year $187,879,200 · end of year $220,514,352
-
9 · Prepaid expenses and deferred charges
beginning of year $2,261,259 · end of year $2,376,995
-
10a · Land, buildings and equipment: cost or other basis
$15,546,042
-
10b · Land, buildings and equipment: accumulated depreciation
$5,807,993
-
10c · Land, buildings and equipment, net
beginning of year $10,564,550 · end of year $9,738,049
-
11 · Investments: publicly traded securities
beginning of year $84,907,559 · end of year $74,505,451
-
12 · Investments: other securities
beginning of year $18,453,888 · end of year $10,275,734
-
15 · Other assets
beginning of year $9,714,008 · end of year $10,096,178
-
17 · Accounts payable and accrued expenses
beginning of year $4,385,142 · end of year $4,324,215
-
21 · Escrow or custodial account liability
beginning of year $122,957 · end of year $140,571
-
23 · Secured mortgages and notes payable
beginning of year $10,000,000 · end of year $15,500,000
-
25 · Other liabilities
beginning of year $291,947,543 · end of year $290,011,240
-
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 $43,766,386 · end of year $36,871,374
Mission and programs · 2022
Mission
TO HELP EVERY MEMBER BE IN A BETTER FINANCIAL POSITION THAN WHEN WE MET THEM.
Activities or mission (Part I)
THE PURPOSES OF THIS CREDIT UNION ARE: TO ENCOURAGE THRIFT AMONG ITS MEMBERS; TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST; TO PROVIDE AN OPPORTUNITY FOR EACH OF ITS MEMBERS TO IMPROVE THE MEMBER'S RESPECTIVE ECONOMIC AND SOCIAL CONDITIONS; AND TO PERFORM THE FUNCTIONS AND EXERCISE THE POWERS DESIGNATED FOR CREDIT UNIONS UNDER APPLICABLE LAW.
-
WE FUNDED 4,924 LOANS DURING 2022. AS OF 12/31/2022 WE HAD $101,490,485 MORTGAGES/HOME EQUITY LINES, $100,422,180 CONSUMER LOANS, $15,317,367 MEMBER BUSINESS LOANS, AND $5,253,364 CREDIT CARD ACCOUNTS WITH OUR MEMBERS.
-
WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 22,019 MEMBERS AT 12.31. DURING 2022, OUR DEPOSITS DECLINED BY $1,918,886 BUT THIS SLIGHT DECLINE IS OFFSET BY THE ~$21 MILLION IN GROWTH FROM 2021.
As filed on the 2022 return.
Listed in Part VII
-
Dianne ButtDIANNE BUTT
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ernest WitzkeERNEST WITZKE
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Phillip RistowPHILLIP RISTOW
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Craig NevermannCRAIG NEVERMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Margaret BareMARGARET BARE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rosalinda MartinezROSALINDA MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Collin W StevensCOLLIN W STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan JohnsonSUSAN JOHNSON
CHIEF EXECUTIVE OFFICER
- Total calculated
- $280,125
- From this org
- $250,788
- From related orgs
- $0
- Other
- $29,337
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,079
- Bonus
- $26,709
- Other
- $0
- Deferred
- $9,126
- Nontaxable benefits
- $20,211
- Filer's total
- $280,125
-
Richard AustinRICHARD AUSTIN
CHIEF FINANCIAL OFF. (THRU 01/2022)
- Total calculated
- $42,403
- From this org
- $40,679
- From related orgs
- $0
- Other
- $1,724
- Hours/week
- 40
-
Danielle FrawleyDANIELLE FRAWLEY
CHIEF LENDING OFF. (THRU 11/2022)
- Total calculated
- $139,963
- From this org
- $129,027
- From related orgs
- $0
- Other
- $10,936
- Hours/week
- 40
-
Robyn NewcombROBYN NEWCOMB
CHIEF EXPERIENCE OFF. (THRU 03/2022)
- Total calculated
- $47,254
- From this org
- $42,661
- From related orgs
- $0
- Other
- $4,593
- Hours/week
- 40
-
Meghan BernathMEGHAN BERNATH
CHIEF OPERATING OFFICER
- Total calculated
- $109,884
- From this org
- $92,669
- From related orgs
- $0
- Other
- $17,215
- Hours/week
- 40
-
Jeffrey ScheuerellJEFFREY SCHEUERELL
CHIEF EXPERIENCE OFFICER
- Total calculated
- $81,619
- From this org
- $79,364
- From related orgs
- $0
- Other
- $2,255
- Hours/week
- 40
-
Joshuah KlineJOSHUAH KLINE
CHIEF FINANCIAL OFFICER
- Total calculated
- $104,572
- From this org
- $86,746
- From related orgs
- $0
- Other
- $17,826
- Hours/week
- 40
-
Kevin PaynterKEVIN PAYNTER
CHIEF LENDING OFFICER
- Total calculated
- $120,589
- From this org
- $91,515
- From related orgs
- $0
- Other
- $29,074
- Hours/week
- 40
-
Michael GormanMICHAEL GORMAN
MORTGAGE LOAN OFFICER
- Total calculated
- $154,667
- From this org
- $117,835
- From related orgs
- $0
- Other
- $36,832
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $71,259
- Bonus
- $46,576
- Other
- $0
- Deferred
- $4,795
- Nontaxable benefits
- $32,037
- Filer's total
- $154,667
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 · 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
The filer's explanations (Part III)
- PART I, LINE 4B
- THE CHIEF EXECUTIVE OFFICER PARTICIPATES IN A 457(F) PLAN. THERE HAVE BEEN NO CONTRIBUTIONS TO THIS PLAN BY FORT COMMUNITY CREDIT UNION SINCE 2013.
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301429349300675
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.