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← DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND

Form 990 for tax year 2022

Filed by DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND.

Totals

Total revenue
$722,519
Total expenses
$477,792
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$722,519
Investment income
$0
Other revenue
$0
Total assets, end of year
$18,514,659
Total liabilities, end of year
$15,825,253
Net assets or fund balances, end of year
$2,689,406
Program services expenses (Part IX)
$477,792
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$477,792

Program services were 100.0% 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: LOAN INTEREST INCOME

    total $642,057 · related or exempt $642,057

  • 2b · Program service revenue: MISC SERVICE REVENUE

    total $51,528 · related or exempt $51,528

  • 2c · Program service revenue: INTEREST FROM CD'S

    total $25,023 · related or exempt $25,023

  • 2d · Program service revenue: FEES & CHARGES

    total $3,911 · related or exempt $3,911

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $158,161 · program services $158,161

  • 9 · Other employee benefits

    total $33,285 · program services $33,285

  • 11c · Fees: accounting

    total $7,400 · program services $7,400

  • 11g · Fees: other

    total $6,426 · program services $6,426

  • 12 · Advertising and promotion

    total $1,305 · program services $1,305

  • 13 · Office expenses

    total $55,314 · program services $55,314

  • 16 · Occupancy

    total $13,869 · program services $13,869

  • 17 · Travel

    total $10,360 · program services $10,360

  • 20 · Interest

    total $132,652 · program services $132,652

  • 24a · Other expenses: MISC

    total $35,037 · program services $35,037

  • 24b · Other expenses: ASSOC. DUES

    total $19,144 · program services $19,144

  • 24c · Other expenses: LOAN SERVICE

    total $2,614 · program services $2,614

  • 24d · Other expenses: PROV. FOR LOAN LOSS

    total $2,225 · program services $2,225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,755,853 · end of year $1,660,734

  • 2 · Savings and temporary cash investments

    beginning of year $2,111,000 · end of year $1,861,000

  • 7 · Other notes and loans receivable

    beginning of year $13,271,070 · end of year $14,775,173

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,390 · end of year $14,753

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

    $56,253

  • 10c · Land, buildings and equipment, net

    beginning of year $66,621 · end of year $56,253

  • 15 · Other assets

    beginning of year $132,166 · end of year $146,746

  • 25 · Other liabilities

    beginning of year $14,909,420 · end of year $15,825,253

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $881,100 · end of year $953,550

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,563,580 · end of year $1,735,856

Mission and programs · 2022

Mission

STATE CHARTERED COOPERATIVE CREDIT UNION, OFFERING LOANS AND DEPOSITS TO ITS MEMBERS.

  • STATE CHARTERED CREDIT UNION

    Expenses $477,792

As filed on the 2022 return.

Listed in Part VII

  • CAROLYN MCGUIRE

    TREASURER

    Total calculated
    $1,700
    From this org
    $1,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • BRANDON CARRICO

    VICE CHAIR

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JENELL HOFFMAN

    DIRECTOR

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • DONALD L WININGER

    DIRECTOR

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JOHN A WALKER

    CHAIRMAN

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • DONNIE REINHART

    COMMITTEE ME

    Total calculated
    $1,120
    From this org
    $1,120
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • NICK TOY

    COMMITTEE ME

    Total calculated
    $1,080
    From this org
    $1,080
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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
9 November 2023
IRS schema version
2022v5.0
Source object
202343149349302414

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