Totals
- Total revenue
- $43,632,320
- Total expenses
- $45,182,786
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $39,647,453
- Investment income
- -$1,135,149
- Other revenue
- $5,120,016
- Total assets, end of year
- $688,870,714
- Total liabilities, end of year
- $637,442,252
- Net assets or fund balances, end of year
- $51,428,462
- 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 $31,312,086 · related or exempt $31,312,086
-
2b · Program service revenue: FEES & SERVICE CHARGES
total $8,319,539 · related or exempt $8,319,539
-
2c · Program service revenue: FINANCE & INSURANCE
total $15,828 · unrelated business $15,828
-
3 · Investment income
total $3,351,894 · related or exempt $3,351,894
-
7a · Gross sales of assets other than inventory
other assets $2,305,219
-
7b · Less cost or other basis and sales expenses
other assets $6,792,262
-
7c · Gain or loss
other assets -$4,487,043
-
7d · Net gain or loss
total -$4,487,043 · related or exempt -$4,487,043
-
11a · Other revenue: INTERCHANGE INCOME
total $4,427,263 · related or exempt $4,427,263
-
11b · Other revenue: OTHER OPERATING INCOME
total $621,116 · related or exempt $621,116
-
11c · Other revenue: GAIN ON EQUITY SECURITIES
total $71,637 · related or exempt $71,637
-
11e · Other revenue, total
$5,120,016
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $928,122
-
7 · Other salaries and wages
total $12,694,973
-
8 · Pension plan contributions
total $572,888
-
9 · Other employee benefits
total $1,425,739
-
10 · Payroll taxes
total $1,009,262
-
11b · Fees: legal
total $54,017
-
11c · Fees: accounting
total $65,535
-
11g · Fees: other
total $804,539
-
12 · Advertising and promotion
total $1,690,387
-
13 · Office expenses
total $2,487,593
-
14 · Information technology
total $5,746,282
-
16 · Occupancy
total $1,339,807
-
17 · Travel
total $105,388
-
19 · Conferences, conventions and meetings
total $139,377
-
20 · Interest
total $9,367,036
-
22 · Depreciation, depletion and amortization
total $1,035,166
-
23 · Insurance
total $146,882
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $2,530,681
-
24b · Other expenses: LOAN SERVICING
total $2,005,537
-
24c · Other expenses: MISCELLANEOUS
total $564,413
-
24d · Other expenses: MAINTENANCE AND REPAIRS
total $238,918
-
24e · All other expenses
total $230,244
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,594,712 · end of year $4,963,124
-
2 · Savings and temporary cash investments
beginning of year $18,463,334 · end of year $29,861,601
-
4 · Accounts receivable
beginning of year $398,294 · end of year $281,326
-
5 · Loans and receivables from officers and key people
beginning of year $3,758,750 · end of year $3,758,750
-
7 · Other notes and loans receivable
beginning of year $621,583,713 · end of year $571,912,393
-
9 · Prepaid expenses and deferred charges
beginning of year $903,121 · end of year $931,724
-
10a · Land, buildings and equipment: cost or other basis
$25,750,632
-
10b · Land, buildings and equipment: accumulated depreciation
$10,796,439
-
10c · Land, buildings and equipment, net
beginning of year $14,483,787 · end of year $14,954,193
-
11 · Investments: publicly traded securities
beginning of year $54,481,679 · end of year $34,609,425
-
12 · Investments: other securities
beginning of year $2,946,263 · end of year $3,410,605
-
15 · Other assets
beginning of year $20,564,944 · end of year $24,187,573
-
17 · Accounts payable and accrued expenses
beginning of year $13,777,803 · end of year $7,398,286
-
23 · Secured mortgages and notes payable
beginning of year $50,000,000 · end of year $2,000,000
-
25 · Other liabilities
beginning of year $626,855,772 · end of year $628,043,966
-
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 $52,545,022 · end of year $51,428,462
Mission and programs · 2024
Mission
CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES TO SERVE MEMBERS AND COMMUNITY.
-
THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS THAT ARE BOTH PAPER (CHECK) AND ELECTRONICALLY (WEB, MOBILE, CARD SERVICES) BASED. IT ALSO PROVIDES SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS. IN ADDITION, IT PROVIDES CONSUMER LOANS AND BUSINESS LOANS OVER A PORTFOLIO OF PRODUCTS, ALL OF WHICH ARE FOR EXEMPT FUNCTION ACTIVITIES FOR ITS MEMBERS.
-
OUTGOING WIRE SERVICES
-
TRAINING
As filed on the 2024 return.
Listed in Part VII
-
Mark DenkeMARK DENKE
CHAIRPERSON
- Total calculated
- $14,400
- From this org
- $14,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Stephanie McQuillanSTEPHANIE MCQUILLAN
VICE CHAIRPERSON
- Total calculated
- $11,400
- From this org
- $11,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 15
-
Veronica PiotrowskiVERONICA PIOTROWSKI
TREASURER
- Total calculated
- $11,400
- From this org
- $11,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 15
-
Sandra WattsSANDRA WATTS
SECRETARY
- Total calculated
- $11,400
- From this org
- $11,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 15
-
Brian RaczynskiBRIAN RACZYNSKI
BOD MEMBER
- Total calculated
- $9,600
- From this org
- $9,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Nicolette LemmonNICOLETTE LEMMON
BOD MEMBER
- Total calculated
- $9,600
- From this org
- $9,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Kyle HallstormKYLE HALLSTORM
BOD MEMBER
- Total calculated
- $9,600
- From this org
- $9,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Gregory HardenGREGORY HARDEN
CEO
- Total calculated
- $442,162
- From this org
- $403,701
- From related orgs
- $0
- Other
- $38,461
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $388,651
- Bonus
- $6,050
- Other
- $9,000
- Deferred
- $24,363
- Nontaxable benefits
- $14,098
- Filer's total
- $442,162
-
Michael NeillMICHAEL NEILL
VP CFO
- Total calculated
- $142,220
- From this org
- $129,830
- From related orgs
- $0
- Other
- $12,390
- Hours/week
- 40
-
Janet MoodieJANET MOODIE
SVP COO
- Total calculated
- $266,340
- From this org
- $246,199
- From related orgs
- $0
- Other
- $20,141
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $232,949
- Bonus
- $6,050
- Other
- $7,200
- Deferred
- $13,588
- Nontaxable benefits
- $6,553
- Filer's total
- $266,340
-
Yvette ClayYVETTE CLAY
VP CLO
- Total calculated
- $205,110
- From this org
- $181,924
- From related orgs
- $0
- Other
- $23,186
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,874
- Bonus
- $6,050
- Other
- $0
- Deferred
- $11,101
- Nontaxable benefits
- $12,085
- Filer's total
- $205,110
-
Angela SmithANGELA SMITH
VP CHIEF STRATEGIST
- Total calculated
- $191,316
- From this org
- $171,598
- From related orgs
- $0
- Other
- $19,718
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,598
- Bonus
- $8,000
- Other
- $0
- Deferred
- $7,056
- Nontaxable benefits
- $12,662
- Filer's total
- $191,316
-
Lisa WilmotLISA WILMOT
DIRECTOR MORTGAGE LENDING
- Total calculated
- $173,853
- From this org
- $153,747
- From related orgs
- $0
- Other
- $20,106
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,362
- Bonus
- $28,385
- Other
- $0
- Deferred
- $9,365
- Nontaxable benefits
- $10,741
- Filer's total
- $173,853
-
Paul Bauer IIIPAUL BAUER III
DIR. BUSINESS FINANCIAL SERVICES
- Total calculated
- $182,161
- From this org
- $174,510
- From related orgs
- $0
- Other
- $7,651
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,976
- Bonus
- $49,534
- Other
- $0
- Deferred
- $5,281
- Nontaxable benefits
- $2,370
- Filer's total
- $182,161
-
Martin JacobsenMARTIN JACOBSEN
AVP OF INFORMATION TECHNOLOGY
- Total calculated
- $177,700
- From this org
- $150,430
- From related orgs
- $0
- Other
- $27,270
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,380
- Bonus
- $6,050
- Other
- $0
- Deferred
- $6,518
- Nontaxable benefits
- $20,752
- Filer's total
- $177,700
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
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 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 CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO GREGORY HARDEN, JANET MOODIE, YVETTE CLAY, AND MICHAEL NEILL THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR". UNDER THE AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH, THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON.
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
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543219349312924
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