Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $0

• 1e · Government grants (contributions)

  $0

• 1f · All other contributions, gifts and grants

  $0

• 1g · Noncash contributions included above

  $0

• 2a · Program service revenue: Interest and Fee Income

  total $56,897,491 · related or exempt $56,854,607 · unrelated business $42,884 · excluded $0

• 2b · Program service revenue: Membership Dues

  total $62,166 · related or exempt $62,166 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $5,819,194 · related or exempt $5,819,194 · unrelated business $0 · excluded $0

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 5 · Royalties

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6a · Gross rents

  real property $276,575 · personal property $0

• 6b · Less rental expenses

  real property $0 · personal property $0

• 6c · Rental income or loss

  real property $276,575 · personal property $0

• 6d · Net rental income or loss

  total $276,575 · related or exempt $276,575 · unrelated business $0 · excluded $0

• 7a · Gross sales of assets other than inventory

  securities $0 · other assets $4,500

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

  securities $0 · other assets $102,745

• 7c · Gain or loss

  securities $0 · other assets -$98,245

• 7d · Net gain or loss

  total -$98,245 · related or exempt -$98,245 · unrelated business $0 · excluded $0

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0 · unrelated business $0 · excluded $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11a · Other revenue: Member Investment Commissions

  total $801,262 · related or exempt $801,262 · unrelated business $0 · excluded $0

• 11b · Other revenue: Other Operating Income

  total $868,017 · related or exempt $868,017 · unrelated business $0 · excluded $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $1,669,279

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,093,391

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $2,956,521

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $15,271,037

• 8 · Pension plan contributions

  total $932,684

• 9 · Other employee benefits

  total $2,407,187

• 10 · Payroll taxes

  total $1,941,389

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $51,475

• 11c · Fees: accounting

  total $156,057

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $2,094,625

• 12 · Advertising and promotion

  total $457,310

• 13 · Office expenses

  total $3,138,868

• 14 · Information technology

  total $3,000,739

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $1,916,230

• 17 · Travel

  total $160,197

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $45,647

• 20 · Interest

  total $1,152,985

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $1,796,465

• 23 · Insurance

  total $538,579

• 24a · Other expenses: ATM Network Expenses

  total $2,698,960

• 24b · Other expenses: Provision for Loan Losses

  total $1,933,095

• 24c · Other expenses: Loan and Lease Expenses

  total $2,832,019

• 24d · Other expenses: Bill Payer Services

  total $810,184

• 24e · All other expenses

  total $923,911

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $365,698,278 · end of year $103,113,159

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $988,226 · end of year $987,034

• 5 · Loans and receivables from officers and key people

  beginning of year $6,924,862 · end of year $6,944,396

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $773,109,104 · end of year $954,892,817

• 8 · Inventories for sale or use

  beginning of year $672,893 · end of year $224,069

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,802,069 · end of year $2,051,895

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

  $50,380,153

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

  $15,557,741

• 10c · Land, buildings and equipment, net

  beginning of year $35,707,788 · end of year $34,822,412

• 11 · Investments: publicly traded securities

  beginning of year $16,824,056 · end of year $115,471,396

• 12 · Investments: other securities

  beginning of year $17,790,846 · end of year $18,692,566

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $21,245,549 · end of year $30,342,392

• 17 · Accounts payable and accrued expenses

  beginning of year $15,737,671 · end of year $18,517,135

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $1,116,687,785 · end of year $1,128,268,706

• 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 $108,338,215 · end of year $120,756,295

The filer's explanations (Part III)

Schedule J, Part I, Line 4

Certain key executives participate in 457f or Split Dollar Life Insurance plans.

Related corporations and trusts

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

• Maps Service Agency

  C · Insurance, mobile banking, background screening · OR · 100% owned · share of income $606,045 · share of assets $15,668,855 · controlled entity

  Directly controlled by Marion and Polk Schools Credit Union