Totals
- Total revenue
- $2,061,535
- Total expenses
- $1,740,743
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,806,534
- Investment income
- $255,001
- Other revenue
- $0
- Total assets, end of year
- $38,587,250
- Total liabilities, end of year
- $33,350,978
- Net assets or fund balances, end of year
- $5,236,272
- Program services expenses (Part IX)
- $1,740,743
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,740,743
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
total $1,515,141 · related or exempt $1,515,141
-
2b · Program service revenue: INTERCHANGE AND OTHER
total $158,531 · related or exempt $158,531
-
2c · Program service revenue: FEE INCOME
total $132,862 · related or exempt $132,862
-
3 · Investment income
total $245,924 · excluded $245,924
-
7a · Gross sales of assets other than inventory
securities $9,077
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $9,077
-
7d · Net gain or loss
total $9,077 · excluded $9,077
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $437,537 · program services $437,537
-
8 · Pension plan contributions
total $3,994 · program services $3,994
-
9 · Other employee benefits
total $102,525 · program services $102,525
-
10 · Payroll taxes
total $34,609 · program services $34,609
-
11g · Fees: other
total $229,301 · program services $229,301
-
12 · Advertising and promotion
total $81,432 · program services $81,432
-
13 · Office expenses
total $146,889 · program services $146,889
-
16 · Occupancy
total $72,201 · program services $72,201
-
19 · Conferences, conventions and meetings
total $17,932 · program services $17,932
-
22 · Depreciation, depletion and amortization
total $50,320 · program services $50,320
-
23 · Insurance
total $16,758 · program services $16,758
-
24a · Other expenses: DIVIDEND EXPENSE
total $364,442 · program services $364,442
-
24b · Other expenses: SHARE EXPENSES
total $114,170 · program services $114,170
-
24c · Other expenses: OTHER
total $27,162 · program services $27,162
-
24d · Other expenses: LOAN SERVICING
total $16,535 · program services $16,535
-
24e · All other expenses
total $24,936 · program services $24,936
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $693,509 · end of year $628,061
-
2 · Savings and temporary cash investments
beginning of year $1,626,757 · end of year $5,825,085
-
4 · Accounts receivable
beginning of year $2,997
-
7 · Other notes and loans receivable
beginning of year $31,739,289 · end of year $30,427,906
-
9 · Prepaid expenses and deferred charges
beginning of year $11,442 · end of year $45,151
-
10a · Land, buildings and equipment: cost or other basis
$1,094,773
-
10b · Land, buildings and equipment: accumulated depreciation
$264,960
-
10c · Land, buildings and equipment, net
beginning of year $859,689 · end of year $829,813
-
12 · Investments: other securities
beginning of year $1,550,113 · end of year $91,894
-
15 · Other assets
beginning of year $658,711 · end of year $739,340
-
17 · Accounts payable and accrued expenses
beginning of year $6,528 · end of year $192,254
-
25 · Other liabilities
beginning of year $32,220,499 · end of year $33,158,724
-
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 $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $4,915,480 · end of year $5,236,272
Mission and programs · 2023
Mission
STATE CHARTERED CREDIT UNION TO PROVIDE LOAN AND DEPOSIT SERVICES TO MEMBERS
Activities or mission (Part I)
COOPERATIVE FINANCIAL INSTITUTION PROVIDING SAVINGS AND LOAN PRODUCTS TO MEMBERS
-
PROVIDING LOANS AND DEPOSITS SERVICES TO CREDIT UNION MEMBERS
Expenses $1,740,743
As filed on the 2023 return.
Listed in Part VII
-
Rusty SindersRUSTY SINDERS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Randall PiggRANDALL PIGG
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mark PetersonMARK PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry CardinalJERRY CARDINAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ken SebastianKEN SEBASTIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike KillionMIKE KILLION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William CoulsonWILLIAM COULSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mitzi PerkinsonMITZI PERKINSON
CEO
- Total calculated
- $95,631
- From this org
- $95,631
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 25 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441279349303359
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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