Totals
- Total revenue
- $917,261
- Total expenses
- $771,721
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $618,996
- Investment income
- $258,673
- Other revenue
- $39,592
- Total assets, end of year
- $29,452,339
- Total liabilities, end of year
- $26,792,577
- Net assets or fund balances, end of year
- $2,659,762
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $771,721
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $771,721
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: INTERES ON LOANS
total $569,558 · related or exempt $569,558
-
2b · Program service revenue: FEE INCOME
total $49,438 · related or exempt $49,438
-
3 · Investment income
total $258,673 · related or exempt $258,673
-
11a · Other revenue: OTHER OPERATING INCOME
total $39,592 · related or exempt $39,592
-
11e · Other revenue, total
$39,592
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $240,687 · management and general $240,687
-
9 · Other employee benefits
total $13,250 · management and general $13,250
-
10 · Payroll taxes
total $17,250 · management and general $17,250
-
13 · Office expenses
total $224,812 · management and general $224,812
-
17 · Travel
total $2,778 · management and general $2,778
-
20 · Interest
total $192,109 · management and general $192,109
-
24a · Other expenses: MISC OPERATING EXP
total $27,090 · management and general $27,090
-
24b · Other expenses: EXAMINATION FEES
total $24,201 · management and general $24,201
-
24c · Other expenses: EDUCATIONAL & PROMO
total $16,491 · management and general $16,491
-
24d · Other expenses: LOAN SERVICING EXP
total $10,683 · management and general $10,683
-
24e · All other expenses
total $2,370 · management and general $2,370
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,616,137 · end of year $2,772,047
-
2 · Savings and temporary cash investments
beginning of year $3,720,000 · end of year $5,218,000
-
4 · Accounts receivable
beginning of year $14,507,969 · end of year $14,642,974
-
9 · Prepaid expenses and deferred charges
beginning of year $16,160 · end of year $35,127
-
10a · Land, buildings and equipment: cost or other basis
$67,725
-
10b · Land, buildings and equipment: accumulated depreciation
$62,877
-
10c · Land, buildings and equipment, net
beginning of year $3,717 · end of year $4,848
-
12 · Investments: other securities
beginning of year $6,694,872 · end of year $6,443,033
-
15 · Other assets
beginning of year $313,087 · end of year $336,310
-
17 · Accounts payable and accrued expenses
beginning of year -$20,438 · end of year $95,340
-
25 · Other liabilities
beginning of year $29,378,248 · end of year $26,697,237
-
31 · Retained earnings, endowment or other funds
beginning of year $2,514,132 · end of year $2,659,762
Mission and programs · 2023
Mission
TO PROVIDE SERVICES FOR APPROXIMATELY 2,064 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
Activities or mission (Part I)
CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.
-
THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.
Expenses $579,612
-
THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
Expenses $192,109
As filed on the 2023 return.
Listed in Part VII
-
STEPHANIE YOUNG
CEO
- Total calculated
- $73,745
- From this org
- $71,245
- From related orgs
- $0
- Other
- $2,500
- Hours/week
- 40
-
TRENDEL HODGES
BOARD PRESID
- Total calculated
- $0
- Hours/week
- 1
-
TERESA SHELTON
BOARD 1ST VP
- Total calculated
- $0
- Hours/week
- 1
-
KENYA WARREN
BOARD 2ND VP
- Total calculated
- $0
- Hours/week
- 1
-
STEVE LITZ
BOARD TREASU
- Total calculated
- $0
- Hours/week
- 1
-
MATT HAUBER
BOARD SECRET
- Total calculated
- $0
- Hours/week
- 1
-
JOHN REITER
SUPERVISORY
- Total calculated
- $0
- Hours/week
- 1
-
SANDY PARKER
CREDIT COM M
- Total calculated
- $0
- Hours/week
- 1
-
JEFF THOMAS
CREDIT COM M
- Total calculated
- $0
- Hours/week
- 1
-
BRITTANY HUGGINS
CREDIT COM M
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421239349301112
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