Totals
- Total revenue
- $2,388,027
- Total expenses
- $1,665,798
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,314,247
- Investment income
- $52,925
- Other revenue
- $20,855
- Total assets, end of year
- $66,325,020
- Total liabilities, end of year
- $59,949,549
- Net assets or fund balances, end of year
- $6,375,471
- Program services expenses (Part IX)
- $1,486,168
- Management and general expenses
- $179,630
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,486,168
Program services were 89.2% 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 PERSONAL LOANS
total $1,561,648 · related or exempt $1,561,648
-
2b · Program service revenue: INTEREST ON BUSINESS LOANS
total $469,464 · related or exempt $469,464
-
2c · Program service revenue: INTERES INCOME VISA CARDS
total $77,667 · related or exempt $77,667
-
2d · Program service revenue: INTERCHANGE INCOME DEBIT CARD
total $58,747 · related or exempt $58,747
-
2e · Program service revenue: NSF ACH FEE
total $32,195 · related or exempt $32,195
-
2f · All other program service revenue
total $114,526 · related or exempt $100,777 · unrelated business $13,749
-
3 · Investment income
total $52,925 · related or exempt $52,925
-
5 · Royalties
total $20,843 · related or exempt $20,843
-
11a · Other revenue: MISCELLANEOUS OPERATING INCOM
total $12 · related or exempt $12
-
11e · Other revenue, total
$12
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $308,307 · program services $308,307
-
7 · Other salaries and wages
total $401,826 · program services $401,826
-
8 · Pension plan contributions
total $8,057 · program services $8,057
-
9 · Other employee benefits
total $52,706 · program services $52,706
-
10 · Payroll taxes
total $44,629 · program services $44,629
-
11b · Fees: legal
total $20,725 · program services $20,725
-
11c · Fees: accounting
total $89,098 · program services $89,098
-
12 · Advertising and promotion
total $32,999 · program services $32,999
-
13 · Office expenses
total $157,716 · program services $157,716
-
16 · Occupancy
total $47,140 · management and general $47,140
-
17 · Travel
total $3,565 · management and general $3,565
-
19 · Conferences, conventions and meetings
total $3,883 · management and general $3,883
-
20 · Interest
total $20 · management and general $20
-
21 · Payments to affiliates
total $83,431 · management and general $83,431
-
22 · Depreciation, depletion and amortization
total $27,705 · management and general $27,705
-
23 · Insurance
total $13,886 · management and general $13,886
-
24a · Other expenses: ATM EXPENSES
total $119,554 · program services $119,554
-
24b · Other expenses: PROVISION FOR LOAN LOSSES
total $85,000 · program services $85,000
-
24c · Other expenses: DATA PROCESSING EXPENSE
total $64,973 · program services $64,973
-
24d · Other expenses: PROCESSOR EXPENSES
total $21,254 · program services $21,254
-
24e · All other expenses
total $79,324 · program services $79,324
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $701,826 · end of year $675,834
-
2 · Savings and temporary cash investments
beginning of year $23,942,844 · end of year $13,531,609
-
4 · Accounts receivable
beginning of year $24,160 · end of year $6,140
-
7 · Other notes and loans receivable
beginning of year $36,264,680 · end of year $46,553,169
-
9 · Prepaid expenses and deferred charges
beginning of year $68,821 · end of year $80,612
-
10a · Land, buildings and equipment: cost or other basis
$2,251,900
-
10b · Land, buildings and equipment: accumulated depreciation
$838,879
-
10c · Land, buildings and equipment, net
beginning of year $1,446,306 · end of year $1,413,021
-
11 · Investments: publicly traded securities
beginning of year $1,434,000 · end of year $2,854,000
-
13 · Investments: program-related
beginning of year $988,933 · end of year $1,073,048
-
15 · Other assets
beginning of year $88,858 · end of year $137,587
-
17 · Accounts payable and accrued expenses
beginning of year $169,389 · end of year $309,986
-
25 · Other liabilities
beginning of year $59,137,797 · end of year $59,639,563
-
31 · Retained earnings, endowment or other funds
beginning of year $5,653,242 · end of year $6,375,471
Mission and programs · 2022
Mission
THE CREDIT UNION PROVIDES FINANCIAL SERVICES FOR QUALIFIED MEMBERS.
-
PAID FOR COMPENSATION, EMPLOYEE BENEFITS AND RELATED PAYROLL TAXES. EMPLOYEES PROVIDE A WIDE RANGE OF SERVICES FOR OUR MEMBERS INCLUDING, BUT NOT LIMITED TO, EDUCATING MEMBERS ON AVAILABLE SERVICES/PRODUCTS, OPENING AND SERVICING DEPOSIT AND LOAN PRODUCTS, ASSIST MEMBERS WHEN ISSUES ARISE CONCERNINGTHEIR ACCOUNTS. GCU STRIVES TO PROVIDE PERSONAL MEMBER SERVICES.
Expenses $507,218
-
COSTS ASSOCIATED WITH PROVIDING AN OFFICE FOR STAFF AND MEMBERS. INCLUDES EQUIPMENT, SERVICES AND SUPPLIES REQUIRED FOR EMPLOYEES TO PERFORM THEIR DUTIES. GCU PROVIDES MONTHLY AND SEMI-ANNUAL PAPER STATEMENTS TO OUR MEMBERS.THE COST OF SUCH CONTINUES TO BE A GROWING EXPENSE. WE DO NOT CHARGE OUR MEMBERSFOR PAPER STATEMENTS. ADDITIONAL COSTS INCURRED ARE TO MAINTAIN THE BUILDING ALONG WITH UTILITIES, REAL ESTATE TAXES AND BUILDING INSURANCE EXPENSE.
Expenses $157,716
-
COSTS ASSOCIATED WITH PROVIDING FINANCIAL SERVICES/PRODUCTS TO OUR MEMBERS. INCLUDES HELOC COSTS; MEMBERS DO NOT PAY ANY CLOSING COSTS OR FEES; PROVIDING AN ATM, DEBIT AND VISA CARD PROGRAM, OFFERING BILL PAY VIA OUR NLINE BANKING SITE, IRA AND PROVIDING INDIRECT LENDING SERVICES AT SELECT DEALERSHIPS. INCLUDES COSTS ASSOCIATED WITH EVERYDAY BANKING TRANSACTIONS SUCH AS DEPOSITS, CLEARING DRAFTS, HAVING CASH AVAILABLE, ALSO FEES CHARGED TO US TO ACCEPT CREDIT/DEBIT CARD PAYMENTS ON LOANS.
Expenses $821,234
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Thomas BriggsTHOMAS BRIGGS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.35
-
Jay AllenJAY ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.35
-
Robert YoderROBERT YODER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.35
-
Barbara TitusBARBARA TITUS
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 0.35
-
Aggie SojkaAGGIE SOJKA
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 0.35
-
Linda SwaneyLINDA SWANEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.35
-
David MillerDAVID MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.35
-
Lisa K BriggsLISA K BRIGGS
CEO
- Total calculated
- $75,191
- From this org
- $75,191
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Daniel BurkholderDANIEL BURKHOLDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.35
-
Georgia KlemencicGEORGIA KLEMENCIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.35
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333139349304803
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