Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOAN INTEREST

  total $6,217,429 · related or exempt $6,217,429

• 2b · Program service revenue: FEE INCOME

  total $987,071 · related or exempt $927,985 · unrelated business $59,086

• 3 · Investment income

  total $1,520,769 · excluded $1,520,769

• 7a · Gross sales of assets other than inventory

  securities $1,041,845 · other assets $43,289

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

  securities $1,097,684 · other assets $81,783

• 7c · Gain or loss

  securities -$55,839 · other assets -$38,494

• 7d · Net gain or loss

  total -$94,333 · excluded -$94,333

• 11a · Other revenue: OTHER INCOME

  total $2,130,737 · related or exempt $2,130,737

• 11e · Other revenue, total

  $2,130,737

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $98,010

• 4 · Benefits paid to or for members

  total $1,634,403

• 5 · Compensation of officers, directors and key employees

  total $595,831

• 7 · Other salaries and wages

  total $2,338,710

• 8 · Pension plan contributions

  total $96,950

• 9 · Other employee benefits

  total $392,114

• 10 · Payroll taxes

  total $279,634

• 11b · Fees: legal

  total $9,884

• 11c · Fees: accounting

  total $97,595

• 11g · Fees: other

  total $697,025

• 12 · Advertising and promotion

  total $143,849

• 13 · Office expenses

  total $573,068

• 14 · Information technology

  total $116,510

• 16 · Occupancy

  total $263,183

• 17 · Travel

  total $32,359

• 19 · Conferences, conventions and meetings

  total $47,693

• 21 · Payments to affiliates

  total $20,094

• 22 · Depreciation, depletion and amortization

  total $183,114

• 23 · Insurance

  total $62,933

• 24a · Other expenses: DEBIT/CREDIT CARD EXPEN

  total $972,482

• 24b · Other expenses: PROVISION FOR CREDIT LO

  total $316,179

• 24c · Other expenses: LOAN EXPENSES

  total $272,382

• 24d · Other expenses: OTHER EXPENSES

  total $258,970

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,563,884 · end of year $1,547,141

• 2 · Savings and temporary cash investments

  beginning of year $13,417,641 · end of year $13,591,014

• 4 · Accounts receivable

  beginning of year $566,460 · end of year $62,037

• 7 · Other notes and loans receivable

  beginning of year $98,752,907 · end of year $102,237,716

• 9 · Prepaid expenses and deferred charges

  beginning of year $333,807 · end of year $263,301

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

  $7,571,617

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

  $3,080,197

• 10c · Land, buildings and equipment, net

  beginning of year $3,020,047 · end of year $4,491,420

• 12 · Investments: other securities

  beginning of year $21,300,679 · end of year $23,065,921

• 13 · Investments: program-related

  beginning of year $603,400 · end of year $601,900

• 15 · Other assets

  beginning of year $2,641,419 · end of year $2,785,156

• 17 · Accounts payable and accrued expenses

  beginning of year $3,082,120 · end of year $2,471,093

• 25 · Other liabilities

  beginning of year $124,498,347 · end of year $129,873,610

• 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 $5,470,834 · end of year $5,822,009

• 31 · Retained earnings, endowment or other funds

  beginning of year $9,148,943 · end of year $10,478,894

The filer's explanations (Part III)

PART I, LINE 3

THE ANNUAL NAFCU AND GALLAGHER COMPENSATION AND BENEFITS REPORT, CU PERFORMANCE SOLUTIONS COMPEASE SYSTEM WITH BENCHMARKED JOBS ARE BOTH RESOURCES FOR COMPARISON.