Totals
- Total revenue
- $2,006,584
- Total expenses
- $1,770,336
- Contributions and grants received
- $479
- Grants paid
- $5,215
- Program service revenue
- $1,791,911
- Investment income
- $208,860
- Other revenue
- $5,334
- Total assets, end of year
- $45,122,737
- Total liabilities, end of year
- $37,868,067
- Net assets or fund balances, end of year
- $7,254,670
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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.
-
1f · All other contributions, gifts and grants
$479
-
2a · Program service revenue: INTEREST ON LOANS
total $1,188,811 · related or exempt $1,188,811
-
2b · Program service revenue: OTHER MEMBER RELATED REVENUE
total $365,688 · related or exempt $365,688
-
2c · Program service revenue: MEMBER FEE INCOME
total $237,237 · related or exempt $237,237
-
2d · Program service revenue: MECH REPAIR INSUR
total $175 · unrelated business $175
-
3 · Investment income
total $224,966 · excluded $224,966
-
5 · Royalties
total $5,334 · excluded $5,334
-
7b · Less cost or other basis and sales expenses
other assets $16,106
-
7c · Gain or loss
other assets -$16,106
-
7d · Net gain or loss
total -$16,106 · related or exempt -$16,106
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,215
-
5 · Compensation of officers, directors and key employees
total $125,150
-
7 · Other salaries and wages
total $331,324
-
8 · Pension plan contributions
total $59,385
-
9 · Other employee benefits
total $66,178
-
10 · Payroll taxes
total $34,843
-
11b · Fees: legal
total $1,745
-
11c · Fees: accounting
total $6,109
-
11g · Fees: other
total $90,040
-
12 · Advertising and promotion
total $48,768
-
13 · Office expenses
total $286,428
-
14 · Information technology
total $129,000
-
16 · Occupancy
total $54,488
-
19 · Conferences, conventions and meetings
total $8,562
-
20 · Interest
total $4,870
-
22 · Depreciation, depletion and amortization
total $24,986
-
23 · Insurance
total $13,892
-
24a · Other expenses: LOAN SERVICING EXPENSE
total $356,167
-
24b · Other expenses: DIVIDENDS EXPENSE
total $113,717
-
24c · Other expenses: PROVISN LOAN LOSS
total $9,469
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $160,483 · end of year $149,263
-
2 · Savings and temporary cash investments
beginning of year $5,089,420 · end of year $3,286,834
-
4 · Accounts receivable
beginning of year $277,421 · end of year $337,133
-
5 · Loans and receivables from officers and key people
beginning of year $1,657,325 · end of year $1,704,559
-
7 · Other notes and loans receivable
beginning of year $22,384,531 · end of year $23,591,561
-
9 · Prepaid expenses and deferred charges
beginning of year $420,104 · end of year $331,232
-
10a · Land, buildings and equipment: cost or other basis
$997,749
-
10b · Land, buildings and equipment: accumulated depreciation
$38,958
-
10c · Land, buildings and equipment, net
beginning of year $21,871 · end of year $958,791
-
13 · Investments: program-related
beginning of year $16,059,705 · end of year $13,851,980
-
14 · Intangible assets
end of year $446,181
-
15 · Other assets
beginning of year $1,028,929 · end of year $465,203
-
17 · Accounts payable and accrued expenses
beginning of year $274,993 · end of year $828,988
-
23 · Secured mortgages and notes payable
end of year $406,270
-
25 · Other liabilities
beginning of year $39,139,510 · end of year $36,632,809
-
31 · Retained earnings, endowment or other funds
beginning of year $7,685,286 · end of year $7,254,670
Mission and programs · 2022
Mission
TO EARN OUR MEMBERS' TRUST WITH PERSONALIZED SERVICE AND INTEGRITY.
-
THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 82 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 HAD 2,938 MEMBERS.
-
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 55,733 NEW LOANS DURING 2022 AS OF 12/31/22 WE HAD 104,613 OUTSTANDING LOANS RECEIVABLE.
As filed on the 2022 return.
Listed in Part VII
-
Charlie YenniCHARLIE YENNI
PRESIDENT
- Total calculated
- $156,939
- From this org
- $121,330
- From related orgs
- $0
- Other
- $35,609
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $109,601
- Bonus
- $11,705
- Other
- $24
- Deferred
- $16,207
- Nontaxable benefits
- $19,402
- Filer's total
- $156,939
-
Todd RiebeTODD RIEBE
TREASURER
- Total calculated
- $1,339
- From this org
- $1,339
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.5
-
Alex AutioALEX AUTIO
DIRECTOR
- Total calculated
- $961
- From this org
- $961
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.75
-
Brandon CramerBRANDON CRAMER
CHAIR
- Total calculated
- $361
- From this org
- $361
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Jenny Borgerson RiesJENNY BORGERSON RIES
SECRETARY
- Total calculated
- $301
- From this org
- $301
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.25
-
Darren KarnesDARREN KARNES
DIRECTOR
- Total calculated
- $272
- From this org
- $272
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.25
-
Cory BrownCORY BROWN
VICE CHAIR
- Total calculated
- $226
- From this org
- $226
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.25
-
Christine McGinnisCHRISTINE MCGINNIS
DIRECTOR
- Total calculated
- $181
- From this org
- $181
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.25
-
Thomas BreuckmanTHOMAS BREUCKMAN
DIRECTOR
- Total calculated
- $179
- From this org
- $179
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 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
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
- 7 March 2023
- IRS schema version
- 2022v4.1
- Source object
- 202340679349301414
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