Skip to content
Nonprofiteer
← UNITED EMPLOYEES CREDIT UNION

Form 990 for tax year 2023

Filed by UNITED EMPLOYEES CREDIT UNION.

Totals

Total revenue
$2,077,547
Total expenses
$1,596,167
Contributions and grants received
$0
Grants paid
$1,000
Program service revenue
$1,335,482
Investment income
$736,079
Other revenue
$5,986
Total assets, end of year
$57,604,303
Total liabilities, end of year
$50,217,462
Net assets or fund balances, end of year
$7,386,841
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.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $1,204,088 · related or exempt $1,204,088

  • 2b · Program service revenue: MEMBER FEE INCOME

    total $107,638 · related or exempt $107,638

  • 2c · Program service revenue: OTHER MEMBER RELATED REVENUE

    total $23,156 · related or exempt $23,156

  • 2d · Program service revenue: MECH REPAIR INSUR INCOME

    total $600 · unrelated business $600

  • 3 · Investment income

    total $736,079 · excluded $736,079

  • 5 · Royalties

    total $5,986 · excluded $5,986

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000

  • 5 · Compensation of officers, directors and key employees

    total $216,203

  • 7 · Other salaries and wages

    total $242,943

  • 8 · Pension plan contributions

    total $36,529

  • 9 · Other employee benefits

    total $42,616

  • 10 · Payroll taxes

    total $36,627

  • 11c · Fees: accounting

    total $17,464

  • 12 · Advertising and promotion

    total $36,905

  • 13 · Office expenses

    total $142,098

  • 14 · Information technology

    total $28,526

  • 16 · Occupancy

    total $22,845

  • 17 · Travel

    total $10,158

  • 19 · Conferences, conventions and meetings

    total $11,210

  • 22 · Depreciation, depletion and amortization

    total $13,112

  • 23 · Insurance

    total $17,125

  • 24a · Other expenses: DIVIDENDS EXPENSE

    total $634,111

  • 24b · Other expenses: LOAN SERVICING

    total $83,695

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $3,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $346,048 · end of year $302,410

  • 2 · Savings and temporary cash investments

    beginning of year $9,856,869 · end of year $8,984,037

  • 7 · Other notes and loans receivable

    beginning of year $25,662,925 · end of year $26,881,550

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,395 · end of year $85,037

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

    $1,043,921

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

    $896,975

  • 10c · Land, buildings and equipment, net

    beginning of year $147,129 · end of year $146,946

  • 13 · Investments: program-related

    beginning of year $18,135,714 · end of year $20,520,187

  • 15 · Other assets

    beginning of year $604,932 · end of year $684,136

  • 17 · Accounts payable and accrued expenses

    beginning of year $136,347 · end of year $365,493

  • 25 · Other liabilities

    beginning of year $47,768,205 · end of year $49,851,969

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,905,460 · end of year $7,386,841

Mission and programs · 2023

Mission

TO PROVIDE MEMBER-OWNERS A SOUND FINANCIAL ENVIRONMENT WHILE MAINTAINING A PERSONAL LEVEL OF SERVICE WITH A HIGH LEVEL OF QUALITY AND EFFICIENCY.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 192 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 4,138 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 749 NEW LOANS TO OUR MEMBERS DURING 2023. AS OF 12/31/23 WE HAD 2,179 LOANS TO OUR MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Matt Maras

    PRESIDENT /

    Total calculated
    $150,674
    From this org
    $137,453
    From related orgs
    $0
    Other
    $13,221
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $129,915
    Bonus
    $6,000
    Other
    $1,538
    Deferred
    $13,089
    Nontaxable benefits
    $132
    Filer's total
    $150,674

  • Margaret Flatness

    VICE PRESIDE

    Total calculated
    $84,309
    From this org
    $78,750
    From related orgs
    $0
    Other
    $5,559
    Hours/week
    42

  • C Thayne Nordland

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve Guenthner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Grace Steil

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Leon Hellickson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Timm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Bowron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jay Waltman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 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)

SCHEDULE J, PAGE 1, PART I, LINE 4
MATT MARAS 0 3,529 0
SCHEDULE J, PART III
THE CREDIT UNION PROVIDES A 457 F PLAN FOR THE PRESIDENT. THE PRESIDENT DOES NOT CONTRIBUTE TO THE PLAN. THE CREDIT UNION CONTRIBUTION IS SHOWN ABOVE.

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
2023
Filed
13 March 2024
IRS schema version
2023v5.0
Source object
202430779349300253

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.