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Nonprofiteer
← SELCO COMMUNITY CREDIT UNION

Form 990 for tax year 2022

Filed by SELCO COMMUNITY CREDIT UNION.

Totals

Total revenue
$104,765,666
Total expenses
$72,182,994
Contributions and grants received
$0
Grants paid
$106,868
Program service revenue
$76,522,788
Investment income
$11,419,515
Other revenue
$16,823,363
Total assets, end of year
$2,552,976,468
Total liabilities, end of year
$2,326,074,136
Net assets or fund balances, end of year
$226,902,332
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • J ROBERT NEWCOMB

    CEO AND SECRETARY

    Total calculated
    $3,451,707
    From this org
    $3,411,336
    From related orgs
    $0
    Other
    $40,371
    Hours/week
    60 + 5 related

    Schedule J breakdown matched by us

    Base
    $2,473,782
    Bonus
    $928,087
    Other
    $9,467
    Deferred
    $13,725
    Nontaxable benefits
    $26,646
    Filer's total
    $3,451,707

  • TIFFANY WASHINGTON

    EVP FINANCE & OPERATIONS & TREASURER

    Total calculated
    $445,068
    From this org
    $421,629
    From related orgs
    $0
    Other
    $23,439
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $363,203
    Bonus
    $55,062
    Other
    $3,364
    Deferred
    $13,725
    Nontaxable benefits
    $9,714
    Filer's total
    $445,068

  • KIRK LETOURNEAU

    SVP INFORMATION SERVICES & TECH

    Total calculated
    $389,656
    From this org
    $366,217
    From related orgs
    $0
    Other
    $23,439
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $311,072
    Bonus
    $46,831
    Other
    $8,314
    Deferred
    $13,725
    Nontaxable benefits
    $9,714
    Filer's total
    $389,656

  • CRAIG CARPENTER

    SVP LENDING & BUSINESS BANKING

    Total calculated
    $382,090
    From this org
    $358,232
    From related orgs
    $0
    Other
    $23,858
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $302,093
    Bonus
    $50,399
    Other
    $5,740
    Deferred
    $13,725
    Nontaxable benefits
    $10,133
    Filer's total
    $382,090

  • STEVEN MCINTIRE

    SVP ENTERPRISE RISK & GEN. COUNSEL

    Total calculated
    $361,404
    From this org
    $337,965
    From related orgs
    $0
    Other
    $23,439
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $282,382
    Bonus
    $48,479
    Other
    $7,104
    Deferred
    $13,725
    Nontaxable benefits
    $9,714
    Filer's total
    $361,404

  • MICHAEL DONACA

    VP COMMERCIAL & BUSINESS BANKING

    Total calculated
    $253,807
    From this org
    $233,114
    From related orgs
    $0
    Other
    $20,693
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $199,699
    Bonus
    $32,365
    Other
    $1,050
    Deferred
    $11,360
    Nontaxable benefits
    $9,333
    Filer's total
    $253,807

  • AILENE MANION

    VP MEMBER EXPERIENCE

    Total calculated
    $249,573
    From this org
    $226,310
    From related orgs
    $0
    Other
    $23,263
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $200,610
    Bonus
    $24,412
    Other
    $1,288
    Deferred
    $11,644
    Nontaxable benefits
    $11,619
    Filer's total
    $249,573

  • MICHAEL SAULEY

    VP CONSUMER LENDING

    Total calculated
    $237,490
    From this org
    $216,740
    From related orgs
    $0
    Other
    $20,750
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $192,882
    Bonus
    $23,044
    Other
    $814
    Deferred
    $11,036
    Nontaxable benefits
    $9,714
    Filer's total
    $237,490

  • CURT HEIMULLER

    PRESIDENT/CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3

  • JIM LINDLEY

    VICE PRESIDENT/VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • KAY LEFRANCQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CAROL BECKLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TONY SAXMAN

    DIRECTOR

    Total calculated
    $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. 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 · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE CREDIT UNION WILL PROVIDE AIRFARE FOR A TRAVEL PARTNER FOR EACH BOARD MEMBER TO ONE NATIONAL CONFERENCE WITHIN THE UNITED STATES PER YEAR. THE CREDIT UNION PROVIDES TAX GROSS-UP PAYMENTS TO ITS CEO. THESE BENEFITS ARE REPORTED AS TAXABLE INCOME FOR EACH INDIVIDUAL RECEIVING A BENEFIT.
PART I, LINE 4B
J ROBERT NEWCOMB PARTICIPATES IN A 457(F) DEFERRED COMPENSATION AGREEMENT SUBJECT TO CONTINUOUS EMPLOYMENT. NO PLAN BENEFITS WERE PAID IN 2022. TIFFANY WASHINGTON, CRAIG CARPENTER, STEVE MCINTIRE, AND KIRK LETOURNEAU PARTICIPATE IN A 457(F) DEFERRED COMPENSATION AGREEMENT SUBJECT TO CONTINUOUS EMPLOYMENT. NO PLAN BENEFITS WERE PAID IN 2022.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • INOVA LLC

    CONSULTING · OR · income $0 · assets $0

    Directly controlled by SELCO COMMUNITY CREDIT UNION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SELCO GROUP INC

    C · INSURANCE SALES · OR · 100% owned · share of income $212,415 · share of assets $2,803,026 · controlled entity

    Directly controlled by SELCO COMMUNITY CREDIT UNION

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202303149349303835

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