Totals
- Total revenue
- $12,489,294
- Total expenses
- $16,601,961
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $11,767,727
- Investment income
- $673,471
- Other revenue
- $48,096
- Total assets, end of year
- $210,183,943
- Total liabilities, end of year
- $199,485,729
- Net assets or fund balances, end of year
- $10,698,214
- 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 $8,876,501 · related or exempt $8,876,501
-
2b · Program service revenue: FEES & OTHER INCOME
total $2,888,017 · related or exempt $2,849,175 · unrelated business $38,842
-
2c · Program service revenue: WARRANTY SALES
total $3,209 · unrelated business $3,209
-
3 · Investment income
total $673,471 · related or exempt $673,471
-
5 · Royalties
total $48,096 · related or exempt $48,096
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $5,158
-
5 · Compensation of officers, directors and key employees
total $997,104
-
7 · Other salaries and wages
total $2,844,380
-
8 · Pension plan contributions
total $130,904
-
9 · Other employee benefits
total $418,849
-
10 · Payroll taxes
total $299,178
-
11b · Fees: legal
total $71,782
-
11c · Fees: accounting
total $50,639
-
11g · Fees: other
total $557,736
-
12 · Advertising and promotion
total $280,674
-
13 · Office expenses
total $1,035,055
-
14 · Information technology
total $659,374
-
16 · Occupancy
total $478,408
-
17 · Travel
total $4,234
-
19 · Conferences, conventions and meetings
total $14,055
-
20 · Interest
total $481,762
-
22 · Depreciation, depletion and amortization
total $358,524
-
23 · Insurance
total $152,255
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $3,872,838
-
24b · Other expenses: MEMBER DIVIDENDS
total $2,397,361
-
24c · Other expenses: LOAN SERVICING
total $1,372,875
-
24d · Other expenses: ASSOCIATION DUES & FEES
total $59,059
-
24e · All other expenses
total $59,757
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,568,004 · end of year $1,937,514
-
2 · Savings and temporary cash investments
beginning of year $2,282,859 · end of year $20,376,044
-
4 · Accounts receivable
beginning of year $1,306,538 · end of year $867,968
-
7 · Other notes and loans receivable
beginning of year $190,780,194 · end of year $160,945,854
-
9 · Prepaid expenses and deferred charges
beginning of year $3,837,183 · end of year $3,915,086
-
10a · Land, buildings and equipment: cost or other basis
$14,947,788
-
10b · Land, buildings and equipment: accumulated depreciation
$6,128,653
-
10c · Land, buildings and equipment, net
beginning of year $9,183,297 · end of year $8,819,135
-
12 · Investments: other securities
beginning of year $10,002,155 · end of year $8,656,283
-
15 · Other assets
beginning of year $3,771,893 · end of year $4,666,059
-
17 · Accounts payable and accrued expenses
beginning of year $2,079,395 · end of year $2,424,119
-
23 · Secured mortgages and notes payable
beginning of year $18,174,718 · end of year $5,000,000
-
25 · Other liabilities
beginning of year $188,103,337 · end of year $192,061,610
-
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 $14,374,673 · end of year $10,698,214
Mission and programs · 2023
Mission
THE MISSION OF ELECTRO SAVINGS CREDIT UNION IS TO FULFILL MEMBERS' FINANCIAL NEEDS IN A MANNER WHICH IS BENEFICIAL TO THEM INDIVIDUALLY AND COLLECTIVELY. THIS FULFILLMENT WILL BE ACCOMPLISHED BY OFFERING SAVINGS PLANS, LOAN PROGRAMS, AND OTHER SERVICES, WHICH ARE FISCALLY SOUND, COMPETITIVE AND INNOVATIVE WITHIN THE RESTRAINTS IMPOSED BY GOOD AND ETHICAL BUSINESS PRACTICES. CREDIT UNION STAFF WILL ADMINISTER THE SERVICES AND PROGRAMS IN A PROFESSIONAL, COURTEOUS MANNER. THE BOARD OF DIRECTORS WILL ACT UNSELFISHLY AND RESPONSIBLY IN ALL CREDIT UNION ACTIVITIES.
-
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 21,016 MEMBERS.
-
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, LOANS OUTSTANDING TOTALED $164,465,176.
-
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,397,361 FOR THE YEAR.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James MullineauxJAMES MULLINEAUX
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Kevin AtwoodKEVIN ATWOOD
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
David MeglioDAVID MEGLIO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Thomas GlennTHOMAS GLENN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
James TelthorstJAMES TELTHORST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ken TakaidzaKEN TAKAIDZA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan RaymondALAN RAYMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael KnottMICHAEL KNOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Will CooperWILL COOPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James StrubleJAMES STRUBLE
PRESIDENT & CEO
- Total calculated
- $292,366
- From this org
- $237,613
- From related orgs
- $0
- Other
- $54,753
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,517
- Bonus
- $302
- Other
- $25,794
- Deferred
- $13,235
- Nontaxable benefits
- $41,518
- Filer's total
- $292,366
-
Lisa FarnenLISA FARNEN
VICE PRESIDENT - BRAND
- Total calculated
- $189,102
- From this org
- $159,637
- From related orgs
- $0
- Other
- $29,465
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $117,362
- Bonus
- $115
- Other
- $42,160
- Deferred
- $8,205
- Nontaxable benefits
- $21,260
- Filer's total
- $189,102
-
William EmersonWILLIAM EMERSON
VICE PRESIDENT - ECOMMERCE
- Total calculated
- $182,365
- From this org
- $157,418
- From related orgs
- $0
- Other
- $24,947
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,186
- Bonus
- $608
- Other
- $29,624
- Deferred
- $8,100
- Nontaxable benefits
- $16,847
- Filer's total
- $182,365
-
Ashley KeeganASHLEY KEEGAN
VICE PRESIDENT - PEOPLE
- Total calculated
- $192,175
- From this org
- $181,647
- From related orgs
- $0
- Other
- $10,528
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,124
- Bonus
- $102
- Other
- $24,421
- Deferred
- $9,120
- Nontaxable benefits
- $1,408
- Filer's total
- $192,175
-
Eric ClarkERIC CLARK
VICE PRESIDENT - LENDING
- Total calculated
- $75,389
- From this org
- $69,857
- From related orgs
- $0
- Other
- $5,532
- Hours/week
- 40
-
Bianca GonzalezBIANCA GONZALEZ
VICE PRESIDENT - FINANCE
- Total calculated
- $65,707
- From this org
- $62,941
- From related orgs
- $0
- Other
- $2,766
- Hours/week
- 40
-
Lisa EllisonLISA ELLISON
AVP - RISK MANAGEMENT
- Total calculated
- $127,324
- From this org
- $117,124
- From related orgs
- $0
- Other
- $10,200
- Hours/week
- 40
-
Christina BeckerCHRISTINA BECKER
AVP - MEMBER ADVOCACY
- Total calculated
- $118,678
- From this org
- $113,794
- From related orgs
- $0
- Other
- $4,884
- Hours/week
- 40
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 · Independent compensation consultant
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- AN INDEPENDENT THIRD PARTY SALARY CONSULTANT MEETS WITH THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, PROVIDES COMPARATIVE SALARY SURVEY INFORMATION, AND MAKES A RECOMMENDATION ON THE PRESIDENT'S COMPENSATION PURSUANT TO A SIGNED EMPLOYMENT CONTRACT. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES.
- PART I, LINE 4B
- THE FOLLOWING OFFICERS PARTICIPATE IN 457(B) PLANS: JAMES STRUBLE, PRESIDENT & CEO LISA FARNEN, VICE PRESIDENT - BRAND WILLIAM EMERSON, VICE PRESIDENT - ECOMMERCE
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
EASE SERVICES LLC
ATM CREDIT UNION SERVICE ORGANIZATION · MO · income $45,500 · assets $40,685
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402899349301585
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.