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Nonprofiteer
← 1129 FALLS CATHOLIC CREDIT UNION INC

Form 990 for tax year 2025

Filed by 1129 FALLS CATHOLIC CREDIT UNION INC.

Totals

Total revenue
$3,278,054
Total expenses
$2,776,569
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,204,288
Investment income
$1,073,766
Other revenue
$0
Total assets, end of year
$58,666,552
Total liabilities, end of year
$48,615,192
Net assets or fund balances, end of year
$10,051,360
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $1,963,974 · related or exempt $1,963,974

  • 2b · Program service revenue: DEPOSIT-RELATED INCOME

    total $137,991 · related or exempt $137,991

  • 2c · Program service revenue: LENDING-RELATED INCOME

    total $101,657 · related or exempt $101,657

  • 2d · Program service revenue: OTHER PROGRAM INCOME

    total $666 · related or exempt $666

  • 3 · Investment income

    total $1,073,766 · excluded $1,073,766

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $703,531

  • 5 · Compensation of officers, directors and key employees

    total $390,927

  • 7 · Other salaries and wages

    total $345,593

  • 8 · Pension plan contributions

    total $16,427

  • 9 · Other employee benefits

    total $60,923

  • 10 · Payroll taxes

    total $48,073

  • 11b · Fees: legal

    total $15,946

  • 11c · Fees: accounting

    total $49,631

  • 11f · Fees: investment management

    total $1,521

  • 11g · Fees: other

    total $7,681

  • 12 · Advertising and promotion

    total $82,829

  • 13 · Office expenses

    total $173,192

  • 16 · Occupancy

    total $148,097

  • 22 · Depreciation, depletion and amortization

    total $42,197

  • 23 · Insurance

    total $27,462

  • 24a · Other expenses: BANK CHARGES AND PROCES

    total $353,394

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $143,688

  • 24c · Other expenses: LOAN PROCESSING

    total $81,258

  • 24d · Other expenses: DIRECTORS DUES & EXPENS

    total $26,361

  • 24e · All other expenses

    total $57,838

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $478,113 · end of year $459,987

  • 2 · Savings and temporary cash investments

    beginning of year $7,732,782 · end of year $13,074,280

  • 7 · Other notes and loans receivable

    beginning of year $30,765,456 · end of year $28,394,117

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

    $2,914,606

  • 10b · Land, buildings and equipment: accumulated depreciation

    $984,901

  • 10c · Land, buildings and equipment, net

    beginning of year $779,729 · end of year $1,929,705

  • 12 · Investments: other securities

    beginning of year $13,850,027 · end of year $13,929,730

  • 15 · Other assets

    beginning of year $833,487 · end of year $878,733

  • 17 · Accounts payable and accrued expenses

    beginning of year $371,919 · end of year $247,553

  • 25 · Other liabilities

    beginning of year $44,531,636 · end of year $48,367,639

  • 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 $9,536,039 · end of year $10,051,360

Mission and programs · 2025

Mission

POOL MEMBER FINANCIAL RESOURCES IN ORDER TO PROVIDE FUNDS FOR LOANS AND VARIOUS FINANCIAL SERVICES WHICH ARE AVAILABLE TO ANYONE WITHIN THE MEMBERSHIP BASE. FALLS CATHOLIC CREDIT UNION IS DEDICATED TO BEING THE PRIMARY FINANCIAL INSTITUTION FOR THE MEMBERSHIP BY PROVIDING A FULL RANGE OF FINANCIAL SERVICES WHILE MAINTAINING CUSTOMER SATISFACTION, GROWTH AND STABILITY.

Activities or mission (Part I)

TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS

  • OUR PRIMARY SERVICE IS LENDING AND THE REVENUE THAT WE RECEIVE IS IN THE FORM OF INTEREST AND FEES ON LOANS. THE FUNDS THAT WE LOAN OUT ARE THOSE THAT HAVE BEEN DEPOSITED BY OUR MEMBERS SO THE EXPENSES--THE COST OF THESE FUNDS--ARE THE DIVIDENDS THAT WE PAY ON THESE DEPOSITS PLUS ANY INTEREST THAT WE PAY ON FUNDS THAT WE NEED TO BORROW.

  • WE ALSO OFFER SHARE DRAFT-CHECKING ACCOUNT WITH ATM CARDS AND MASTERCARD DEBIT CARDS. WE RECEIVE REVENUE FROM THE MEMBERS BY PROVIDING THESE SERVICES-- AND INCUR COSTS AS WELL.

  • WE ALSO DERIVE INCOME FROM FEES RELATED TO THE FINANCIAL SERVICES WE OFFER OUR MEMBERS.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicholas Hill

    CHAIRMAN

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Burns

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Terrence Steel

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Abraham Brannan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sue Figler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Olivia Blatt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matthew Mecurio

    PRESIDENT/CEO

    Total calculated
    $181,687
    From this org
    $134,304
    From related orgs
    $0
    Other
    $47,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,304
    Bonus
    $0
    Other
    $0
    Deferred
    $7,119
    Nontaxable benefits
    $40,264
    Filer's total
    $181,687

  • Theresa Stott

    VICE PRESIDENT OF RETAIL SERVICES

    Total calculated
    $104,503
    From this org
    $77,166
    From related orgs
    $0
    Other
    $27,337
    Hours/week
    40

  • William Lambacher

    TREASURER/COMPTROLLER

    Total calculated
    $125,498
    From this org
    $78,432
    From related orgs
    $0
    Other
    $47,066
    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. 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 · Compensation survey or study
  • 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
2025
Filed
25 August 2026
IRS schema version
2025v4.2
Source object
202622379349300222

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