Totals
- Total revenue
- $63,054,320
- Total expenses
- $56,895,023
- Contributions and grants received
- $175,895
- Grants paid
- $0
- Program service revenue
- $58,124,406
- Investment income
- $4,242,481
- Other revenue
- $511,538
- Total assets, end of year
- $1,377,748,045
- Total liabilities, end of year
- $1,257,501,687
- Net assets or fund balances, end of year
- $120,246,358
- 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.
-
1e · Government grants (contributions)
$175,895
-
2a · Program service revenue: LOAN INCOME
total $42,490,911 · related or exempt $42,490,911
-
2b · Program service revenue: OTHER OPERATING INCOME
total $8,209,353 · related or exempt $8,209,353
-
2c · Program service revenue: FEE INCOME
total $7,147,448 · related or exempt $7,147,448
-
2d · Program service revenue: NON MEMBER ATM FEES
total $257,976 · unrelated business $257,976
-
2e · Program service revenue: SHARED BRANCHING FEES
total $10,878 · unrelated business $10,878
-
2f · All other program service revenue
total $7,840 · unrelated business $7,840
-
3 · Investment income
total $3,145,384 · excluded $3,145,384
-
7a · Gross sales of assets other than inventory
securities $1 · other assets $4,602,312
-
7b · Less cost or other basis and sales expenses
securities $231,628 · other assets $3,273,588
-
7c · Gain or loss
securities -$231,627 · other assets $1,328,724
-
7d · Net gain or loss
total $1,097,097 · excluded $1,097,097
-
11a · Other revenue: MISC INCOME
total $511,538 · excluded $511,538
-
11e · Other revenue, total
$511,538
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $5,448,887
-
5 · Compensation of officers, directors and key employees
total $3,087,951
-
6 · Compensation of disqualified persons
total $996,918
-
7 · Other salaries and wages
total $17,131,240
-
8 · Pension plan contributions
total $835,663
-
9 · Other employee benefits
total $2,401,227
-
10 · Payroll taxes
total $1,410,686
-
11b · Fees: legal
total $246,057
-
11c · Fees: accounting
total $128,038
-
11f · Fees: investment management
total -$120,828
-
11g · Fees: other
total $83,239
-
12 · Advertising and promotion
total $2,187,878
-
13 · Office expenses
total $8,257,612
-
16 · Occupancy
total $1,871,253
-
17 · Travel
total $124,436
-
19 · Conferences, conventions and meetings
total $537,714
-
20 · Interest
total $1,983,120
-
22 · Depreciation, depletion and amortization
total $2,473,512
-
23 · Insurance
total $161,284
-
24a · Other expenses: LOAN SERVICING
total $3,268,312
-
24b · Other expenses: CARD SERVICES EXPENSE
total $1,840,824
-
24c · Other expenses: OTHER OPERATING EXPENSES
total $820,427
-
24d · Other expenses: FEES
total $393,026
-
24e · All other expenses
total $1,326,547
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $199,850,481 · end of year $47,806,272
-
4 · Accounts receivable
beginning of year $2,558,235 · end of year $3,552,112
-
7 · Other notes and loans receivable
beginning of year $851,915,948 · end of year $1,108,238,927
-
9 · Prepaid expenses and deferred charges
beginning of year $11,782,574 · end of year $7,196,107
-
10a · Land, buildings and equipment: cost or other basis
$59,631,348
-
10b · Land, buildings and equipment: accumulated depreciation
$26,287,211
-
10c · Land, buildings and equipment, net
beginning of year $33,017,134 · end of year $33,344,137
-
11 · Investments: publicly traded securities
beginning of year $150,516,271 · end of year $151,230,880
-
13 · Investments: program-related
beginning of year $6,388,579 · end of year $11,817,800
-
15 · Other assets
beginning of year $14,558,698 · end of year $14,561,810
-
17 · Accounts payable and accrued expenses
beginning of year $28,830,912 · end of year $150,891,958
-
25 · Other liabilities
beginning of year $1,117,291,359 · end of year $1,106,609,729
-
31 · Retained earnings, endowment or other funds
beginning of year $124,465,649 · end of year $120,246,358
Mission and programs · 2022
Mission
TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS.
-
DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 160,439 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 70,437 MEMBERS.
-
DIRECT LABOR AND EMPLOYEE COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING LOAN PORTFOLIO FOR MEMBERS.
-
DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICE.
As filed on the 2022 return.
Listed in Part VII
-
Leslie BumgarnerLESLIE BUMGARNER
CEO
- Total calculated
- $1,022,043
- From this org
- $960,850
- From related orgs
- $0
- Other
- $61,193
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $960,850
- Bonus
- not reported
- Other
- not reported
- Deferred
- $61,193
- Nontaxable benefits
- not reported
- Filer's total
- $1,022,043
-
Daniel DailyDANIEL DAILY
EVP/CHIEF ST
- Total calculated
- $605,966
- From this org
- $559,686
- From related orgs
- $0
- Other
- $46,280
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $559,686
- Bonus
- not reported
- Other
- not reported
- Deferred
- $46,280
- Nontaxable benefits
- not reported
- Filer's total
- $605,966
-
Derrick BaileyDERRICK BAILEY
PRESIDENT
- Total calculated
- $456,386
- From this org
- $417,879
- From related orgs
- $0
- Other
- $38,507
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $417,879
- Bonus
- not reported
- Other
- not reported
- Deferred
- $38,507
- Nontaxable benefits
- not reported
- Filer's total
- $456,386
-
Karen DanielsKAREN DANIELS
CHIEF RETAIL
- Total calculated
- $404,443
- From this org
- $374,161
- From related orgs
- $0
- Other
- $30,282
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $374,161
- Bonus
- not reported
- Other
- not reported
- Deferred
- $30,282
- Nontaxable benefits
- not reported
- Filer's total
- $404,443
-
Christopher WamplerCHRISTOPHER WAMPLER
CFO
- Total calculated
- $367,688
- From this org
- $327,422
- From related orgs
- $0
- Other
- $40,266
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $327,422
- Bonus
- not reported
- Other
- not reported
- Deferred
- $40,266
- Nontaxable benefits
- not reported
- Filer's total
- $367,688
-
Tim RicheyTIM RICHEY
CHIEF CAPITO
- Total calculated
- $350,365
- From this org
- $344,081
- From related orgs
- $0
- Other
- $6,284
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $344,081
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,284
- Nontaxable benefits
- not reported
- Filer's total
- $350,365
-
Igor BabamovskiIGOR BABAMOVSKI
VP MORT SALE
- Total calculated
- $325,684
- From this org
- $282,899
- From related orgs
- $0
- Other
- $42,785
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $282,899
- Bonus
- not reported
- Other
- not reported
- Deferred
- $42,785
- Nontaxable benefits
- not reported
- Filer's total
- $325,684
-
Jessica BingJESSICA BING
CHIEF COMM.
- Total calculated
- $319,762
- From this org
- $285,310
- From related orgs
- $0
- Other
- $34,452
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $285,310
- Bonus
- not reported
- Other
- not reported
- Deferred
- $34,452
- Nontaxable benefits
- not reported
- Filer's total
- $319,762
-
Kristen ScottKRISTEN SCOTT
CFO
- Total calculated
- $318,487
- From this org
- $290,353
- From related orgs
- $0
- Other
- $28,134
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $290,353
- Bonus
- not reported
- Other
- not reported
- Deferred
- $28,134
- Nontaxable benefits
- not reported
- Filer's total
- $318,487
-
Edward SmallwoodEDWARD SMALLWOOD
CHIEF LENDIN
- Total calculated
- $309,619
- From this org
- $295,335
- From related orgs
- $0
- Other
- $14,284
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $295,335
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,284
- Nontaxable benefits
- not reported
- Filer's total
- $309,619
-
Jason YoheimJASON YOHEIM
VP OF BUSINE
- Total calculated
- $303,954
- From this org
- $273,858
- From related orgs
- $0
- Other
- $30,096
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $273,858
- Bonus
- not reported
- Other
- not reported
- Deferred
- $30,096
- Nontaxable benefits
- not reported
- Filer's total
- $303,954
-
Chad MazeCHAD MAZE
CHIEF OPERAT
- Total calculated
- $256,476
- From this org
- $229,792
- From related orgs
- $0
- Other
- $26,684
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $229,792
- Bonus
- not reported
- Other
- not reported
- Deferred
- $26,684
- Nontaxable benefits
- not reported
- Filer's total
- $256,476
-
David AultDAVID AULT
VP INFO. SEC
- Total calculated
- $240,304
- From this org
- $203,167
- From related orgs
- $0
- Other
- $37,137
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $203,167
- Bonus
- not reported
- Other
- not reported
- Deferred
- $37,137
- Nontaxable benefits
- not reported
- Filer's total
- $240,304
-
Mitch VockeMITCH VOCKE
VP COM REL M
- Total calculated
- $234,648
- From this org
- $209,438
- From related orgs
- $0
- Other
- $25,210
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $209,438
- Bonus
- not reported
- Other
- not reported
- Deferred
- $25,210
- Nontaxable benefits
- not reported
- Filer's total
- $234,648
-
Donna TateDONNA TATE
VP OF MORTGA
- Total calculated
- $217,152
- From this org
- $192,345
- From related orgs
- $0
- Other
- $24,807
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,345
- Bonus
- not reported
- Other
- not reported
- Deferred
- $24,807
- Nontaxable benefits
- not reported
- Filer's total
- $217,152
-
David BurnsDAVID BURNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Henry ChangHENRY CHANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ken CrockettKEN CROCKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathy FoorKATHY FOOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Shirley GreenSHIRLEY GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
D'Juan HammondsD'JUAN HAMMONDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Fred HarrisFRED HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Denise HerrmannDENISE HERRMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Larry JacksonLARRY JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Linda KennedyLINDA KENNEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy MarfurtANDY MARFURT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Doug McDowellDOUG MCDOWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rob McNicolROB MCNICOL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James MockJAMES MOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chinita MontgomeryCHINITA MONTGOMERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
George MussiGEORGE MUSSI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Renee RaineyRENEE RAINEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Irene SmithIRENE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Larry WattsLARRY WATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jonathan WilkersonJONATHAN WILKERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Patrick ZollarsPATRICK ZOLLARS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- SCHEDULE J, PAGE 1, PART I, LINE 3
- THE PROCESS USED TO SET THE CEO'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARABLE SIZED CREDIT UNIONS THROUGH THE USE OF D HILTON AND ASSOCIATES ANNUAL COMPENSATION SURVEY AND ATTAINMENT IN THE CURRENT YEAR OF PREDEFINED OBJECTIVES SET FOR THE CEO PERSONALLY AND THE CREDIT UNION. THIS PROCESS IS VOTED ON AND APPROVED BY THE FULL BOARD.
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
- 12 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343129349301544
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