Totals
- Total revenue
- $11,518,730
- Total expenses
- $10,159,170
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $11,518,730
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $249,677,721
- Total liabilities, end of year
- $231,996,321
- Net assets or fund balances, end of year
- $17,681,400
- Program services expenses (Part IX)
- $10,159,170
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,159,170
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 income
total $8,715,926 · related or exempt $8,715,926 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Investment income
total $291,138 · related or exempt $291,138 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Fee income
total $1,931,479 · related or exempt $1,931,479 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Misc. income
total $559,856 · related or exempt $559,856 · unrelated business $0 · excluded $0
-
2e · Program service revenue: Unrelated business income
total $20,331 · related or exempt $0 · unrelated business $20,331 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $535,112 · program services $535,112 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $3,838,981 · program services $3,838,981 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $122,667 · program services $122,667 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $710,105 · program services $710,105 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $323,600 · program services $323,600 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $53,960 · program services $53,960 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $35,019 · program services $35,019 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $44,003 · program services $44,003 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $358,140 · program services $358,140 · management and general $0 · fundraising $0
-
13 · Office expenses
total $752,962 · program services $752,962 · management and general $0 · fundraising $0
-
14 · Information technology
total $530,035 · program services $530,035 · management and general $0 · fundraising $0
-
16 · Occupancy
total $434,356 · program services $434,356 · management and general $0 · fundraising $0
-
17 · Travel
total $104,208 · program services $104,208 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $49,714 · program services $49,714 · management and general $0 · fundraising $0
-
20 · Interest
total $1,049,826 · program services $1,049,826 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $465,490 · program services $465,490 · management and general $0 · fundraising $0
-
23 · Insurance
total $95,682 · program services $95,682 · management and general $0 · fundraising $0
-
24a · Other expenses: Provision for loan losses
total $329,990 · program services $329,990 · management and general $0 · fundraising $0
-
24b · Other expenses: Member rewards
total $185,286 · program services $185,286 · management and general $0 · fundraising $0
-
24c · Other expenses: provision for fraud losses
total $77,917 · program services $77,917 · management and general $0 · fundraising $0
-
24d · Other expenses: Misc. small expenses
total $62,117 · program services $62,117 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,990,174 · end of year $2,349,939
-
2 · Savings and temporary cash investments
beginning of year $39,426,975 · end of year $430,506
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $154,866,199 · end of year $204,670,858
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,362,926 · end of year $1,557,363
-
10a · Land, buildings and equipment: cost or other basis
$20,240,793
-
10b · Land, buildings and equipment: accumulated depreciation
$3,482,122
-
10c · Land, buildings and equipment, net
beginning of year $15,210,176 · end of year $16,758,671
-
13 · Investments: program-related
beginning of year $20,491,055 · end of year $20,926,603
-
15 · Other assets
beginning of year $4,134,076 · end of year $2,983,781
-
17 · Accounts payable and accrued expenses
beginning of year $482,747 · end of year $1,473,312
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $9,684,490
-
25 · Other liabilities
beginning of year $221,676,994 · end of year $220,838,519
-
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 $16,321,840 · end of year $17,681,400
Mission and programs · 2022
Mission
promoting the financial well being of our members by providing loans and savings services.
Activities or mission (Part I)
promoting the well being of over 20000 members by providing loans and deposits
-
dividends on member deposits
Expenses $880,751
-
salaries and benefits
Expenses $5,543,431
-
office expenses
Grants $1,237,018
-
other expenses
Expenses $3,734,988
As filed on the 2022 return.
Listed in Part VII
-
brian osberg
president/ceo
- Total calculated
- $182,276
- From this org
- $182,276
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,386
- Bonus
- $11,750
- Other
- $4,140
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $182,276
-
brian singleton
investment advisor
- Total calculated
- $148,486
- From this org
- $148,486
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Michael Torres
mortgage consultant
- Total calculated
- $130,671
- From this org
- $130,671
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jamie Simmons
EVP
- Total calculated
- $128,981
- From this org
- $128,981
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Shannon Lord
COO
- Total calculated
- $126,300
- From this org
- $126,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Stephanie Tocher
VP Lending
- Total calculated
- $120,540
- From this org
- $120,540
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tami Lewis
mortgage underwriter
- Total calculated
- $105,319
- From this org
- $105,319
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
sheila Ericksen
board member
- Total calculated
- $0
- Hours/week
- 1
-
roger murphy
board member
- Total calculated
- $0
- Hours/week
- 1
-
ron lloyd
board member
- Total calculated
- $0
- Hours/week
- 1
-
brad nelson
board member
- Total calculated
- $0
- Hours/week
- 1
-
Quentin Howard
board member
- Total calculated
- $0
- Hours/week
- 1
-
Amber Christensen
board member
- Total calculated
- $0
- Hours/week
- 1
-
steve young
board member
- Total calculated
- $0
- Hours/week
- 1
-
rodd Eggleston
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Charlotte Blair
Board member
- 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
- 1a · Travel for companions
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a
- Credi union will cover costs of a companion for conference or education travel Credit pays monthly dues for CEO and EVP country club membership
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
- 2022
- Filed
- 10 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331309349303253
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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