Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $42,494,792 · related or exempt $42,494,792

• 2b · Program service revenue: INTERCHANGE ON INCOME

  total $6,326,081 · related or exempt $6,326,081

• 2c · Program service revenue: SERVICE CHARGES & FEES

  total $1,795,161 · related or exempt $1,687,102 · unrelated business $108,059

• 2d · Program service revenue: LOAN FEES & CHARGES

  total $1,012,431 · related or exempt $1,012,431

• 2e · Program service revenue: OTHER NON-INTEREST INCOME

  total $1,046,834 · related or exempt $1,046,834

• 2f · All other program service revenue

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

• 3 · Investment income

  total $9,138,798 · excluded $9,138,798

• 6a · Gross rents

  real property $75,020

• 6b · Less rental expenses

  real property $55,603

• 6c · Rental income or loss

  real property $19,417 · personal property $0

• 6d · Net rental income or loss

  total $19,417 · excluded $19,417

• 7a · Gross sales of assets other than inventory

  securities $1,514,169

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

  securities $1,710,065

• 7c · Gain or loss

  securities -$195,896 · other assets $0

• 7d · Net gain or loss

  total -$195,896 · related or exempt -$195,896

• 11a · Other revenue: SHARED BRANCHING

  total $112,694 · unrelated business $112,694

• 11b · Other revenue: LIFE INSURANCE CSV

  total $20,683 · related or exempt $20,683

• 11d · All other revenue

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

• 11e · Other revenue, total

  $133,377

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $31,500

• 5 · Compensation of officers, directors and key employees

  total $897,098

• 7 · Other salaries and wages

  total $12,657,200

• 8 · Pension plan contributions

  total $139,408

• 9 · Other employee benefits

  total $81,630

• 10 · Payroll taxes

  total $1,965,739

• 11b · Fees: legal

  total $36,246

• 11c · Fees: accounting

  total $163,012

• 11g · Fees: other

  total $1,986,023

• 12 · Advertising and promotion

  total $980,795

• 13 · Office expenses

  total $984,826

• 14 · Information technology

  total $165,013

• 16 · Occupancy

  total $2,010,880

• 17 · Travel

  total $138,814

• 20 · Interest

  total $15,499,500

• 22 · Depreciation, depletion and amortization

  total $3,135,749

• 23 · Insurance

  total $274,554

• 24a · Other expenses: DATA PROCESSING FEES

  total $3,575,352

• 24b · Other expenses: PROVISION FOR LOAN LOSS

  total $2,362,840

• 24c · Other expenses: LOAN SERVICING EXPENSE

  total $393,850

• 24d · Other expenses: EDUCATION AND PROMOTION

  total $548,422

• 24e · All other expenses

  total $1,536,875

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,209,639 · end of year $9,201,959

• 2 · Savings and temporary cash investments

  beginning of year $87,419,190 · end of year $70,177,225

• 3 · Pledges and grants receivable

  beginning of year $2,907,839 · end of year $3,367,114

• 4 · Accounts receivable

  beginning of year $56,209 · end of year $74,653

• 5 · Loans and receivables from officers and key people

  beginning of year $2,248,808 · end of year $2,162,798

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  beginning of year $739,116,973 · end of year $771,340,342

• 9 · Prepaid expenses and deferred charges

  beginning of year $991,434 · end of year $881,750

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

  $41,767,167

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

  $29,485,659

• 10c · Land, buildings and equipment, net

  beginning of year $11,735,134 · end of year $12,281,508

• 11 · Investments: publicly traded securities

  beginning of year $164,749,128 · end of year $152,672,137

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $9,915,869 · end of year $9,915,869

• 15 · Other assets

  beginning of year $17,510,786 · end of year $15,675,652

• 17 · Accounts payable and accrued expenses

  beginning of year $7,306,819 · end of year $5,850,033

• 21 · Escrow or custodial account liability

  beginning of year $1,028,563 · end of year $1,165,010

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $126,077,948 · end of year $75,053,964

• 25 · Other liabilities

  beginning of year $812,219,816 · end of year $852,824,372

• 31 · Retained earnings, endowment or other funds

  beginning of year $98,227,863 · end of year $112,857,628

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions

AIRFARE FOR BOARD MEMBERS' SPOUSES IS PAID BY THE CREDIT UNION. SPOUSES' MEALS ARE PAID FOR ANY CREDIT UNION EMPLOYEE OR BOARD MEMBER ON OFFICIAL CREDIT UNION BUSINESS. THESE EXPENSES WERE NOT INCLUDED IN TAXABLE INCOME TO THE BOARD MEMBER.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

CRANE CREDIT UNION (CCU) PROVIDES A SUPPLEMENTAL NONQUALIFIED RETIREMENT 457(F) PLAN TO EXECUTIVE LEVEL EMPLOYEES. THE ORGANIZATION MAKES ANNUAL CONTRIBUTIONS TO THE PLAN. THE DEPOSITS ARE OWNED BY CCU AND ARE TAX-DEFERRED UNTIL A DISTRIBUTIONS ARE MADE. DISTRIBUTIONS ARE MADE EVERY FIVE YEARS FOR ALL EXECUTIVES THAT ARE STILL ACTIVELY EMPLOYED ON THE DISTRIBUTION DATE. CONTRIBUTIONS TO THE PLAN FOR 2024 ARE AS FOLLOWS: KEVIN SPARKS, PRESIDENT - $14,800 GARY MICHEL WIGGINTON, VP IT - $8,203 DANIELLE COMBS, VP RISK MANAGEMENT - $17,806 JEREMY VEHSLAGE, VP OF MEMBER EXPERIENCE - $22,044 MARISSA LYNCH, AVP OF HR - $14,124 ALVIN LECHER, CFO - $42,600 BRYAN MYERS, COO - $19,831

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• CRANE FCU PROPERTIES

  PROPERTY MANAGEMENT · IN · income $70,620 · assets $1,153,657

  Directly controlled by CRANE CU