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Nonprofiteer
← HEALTHCARE SERVICES CREDIT UNION

Form 990 for tax year 2022

Filed by HEALTHCARE SERVICES CREDIT UNION.

Totals

Total revenue
$1,108,078
Total expenses
$1,020,771
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$919,132
Investment income
$118,225
Other revenue
$70,721
Total assets, end of year
$23,663,791
Total liabilities, end of year
$20,238,576
Net assets or fund balances, end of year
$3,425,215
Program services expenses (Part IX)
$0
Management and general expenses
$1,020,771
Fundraising expenses
$0
Program service expenses (Part III)
$1,020,771

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 $600,386 · related or exempt $600,386

  • 2b · Program service revenue: FEE INCOME

    total $318,746 · related or exempt $318,746

  • 3 · Investment income

    total $118,225 · related or exempt $118,225

  • 11a · Other revenue: OTHER NON-OPERATING INCOME

    total $70,721 · related or exempt $70,721

  • 11e · Other revenue, total

    $70,721

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $417,046 · management and general $417,046

  • 8 · Pension plan contributions

    total $11,627 · management and general $11,627

  • 9 · Other employee benefits

    total $44,222 · management and general $44,222

  • 10 · Payroll taxes

    total $29,211 · management and general $29,211

  • 13 · Office expenses

    total $381,836 · management and general $381,836

  • 16 · Occupancy

    total $24,160 · management and general $24,160

  • 17 · Travel

    total $9,092 · management and general $9,092

  • 20 · Interest

    total $8,269 · management and general $8,269

  • 24a · Other expenses: LOAN SERVICING EXP

    total $27,875 · management and general $27,875

  • 24b · Other expenses: PROF & OUTSIDE SERVICES

    total $22,672 · management and general $22,672

  • 24c · Other expenses: MISC OPERATING EXP

    total $22,325 · management and general $22,325

  • 24d · Other expenses: EDUCATIONAL & PROMO EXP

    total $17,436 · management and general $17,436

  • 24e · All other expenses

    total $5,000 · management and general $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,637,057 · end of year $2,973,636

  • 2 · Savings and temporary cash investments

    beginning of year $995,034 · end of year $6,701,000

  • 4 · Accounts receivable

    beginning of year $10,994,189 · end of year $13,191,700

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,124,084 · end of year $68,697

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

    $1,126,256

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

    $778,440

  • 10c · Land, buildings and equipment, net

    beginning of year $369,656 · end of year $347,816

  • 12 · Investments: other securities

    beginning of year $2,646,030 · end of year $159,960

  • 14 · Intangible assets

    beginning of year $1,853 · end of year $207

  • 15 · Other assets

    beginning of year $193,343 · end of year $220,775

  • 17 · Accounts payable and accrued expenses

    beginning of year $315,197 · end of year $158,881

  • 25 · Other liabilities

    beginning of year $20,258,142 · end of year $20,079,695

  • 29 · Capital stock, trust principal or current funds

    beginning of year $611,796 · end of year $611,797

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,776,111 · end of year $2,813,418

Mission and programs · 2022

Mission

CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 3,343 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

Activities or mission (Part I)

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.

  • THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.

    Expenses $1,012,502

  • THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.

    Expenses $8,269

As filed on the 2022 return.

Listed in Part VII

  • Susan Tant

    MANAGER/CEO

    Total calculated
    $225,626
    From this org
    $225,626
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $225,626
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $225,626

  • Shannon Walters

    MANAGER/CEO

    Total calculated
    $121,215
    From this org
    $115,306
    From related orgs
    $0
    Other
    $5,909
    Hours/week
    40

  • Fred Gault

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Fletcher

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joan Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Otting

    BOARD VICE P

    Total calculated
    $0
    Hours/week
    1

  • Erical Beasley

    BOARD SECRET

    Total calculated
    $0
    Hours/week
    1

  • Mary Pettyjohn

    SUPERVISORY

    Total calculated
    $0
    Hours/week
    1

  • Carol Pam Upton

    SUPERVISORY

    Total calculated
    $0
    Hours/week
    1

  • Carol Weaver-Vandergriff

    SUPERVISORY

    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. 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
17 April 2023
IRS schema version
2022v5.0
Source object
202301079349302220

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