Totals
- Total revenue
- $5,514,846
- Total expenses
- $4,902,039
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,202,900
- Investment income
- $311,946
- Other revenue
- $0
- Total assets, end of year
- $121,460,418
- Total liabilities, end of year
- $112,882,866
- Net assets or fund balances, end of year
- $8,577,552
- 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: INTEREST ON LOANS
total $3,967,490 · related or exempt $3,967,490
-
2b · Program service revenue: OTHER INCOME
total $1,235,410 · related or exempt $1,235,410
-
3 · Investment income
total $311,946 · excluded $311,946
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $587,688
-
7 · Other salaries and wages
total $1,514,701
-
11g · Fees: other
total $64,316
-
12 · Advertising and promotion
total $132,887
-
13 · Office expenses
total $344,490
-
16 · Occupancy
total $147,628
-
20 · Interest
total $554,985
-
23 · Insurance
total $63,519
-
24a · Other expenses: BANK CHARGES & PROCESSI
total $951,775
-
24b · Other expenses: LOAN PROCESSING
total $222,394
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $176,881
-
24d · Other expenses: OTHER COSTS
total $94,281
-
24e · All other expenses
total $46,494
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,535,063 · end of year $1,552,853
-
2 · Savings and temporary cash investments
beginning of year $10,942,417 · end of year $8,745,781
-
5 · Loans and receivables from officers and key people
beginning of year $341,999 · end of year $1,258,473
-
7 · Other notes and loans receivable
beginning of year $73,198,708 · end of year $89,864,696
-
9 · Prepaid expenses and deferred charges
beginning of year $3,854,428 · end of year $3,629,335
-
10a · Land, buildings and equipment: cost or other basis
$4,199,277
-
10b · Land, buildings and equipment: accumulated depreciation
$2,925,286
-
10c · Land, buildings and equipment, net
beginning of year $1,334,916 · end of year $1,273,991
-
11 · Investments: publicly traded securities
beginning of year $9,422,256 · end of year $10,305,267
-
12 · Investments: other securities
beginning of year $4,455,601 · end of year $3,201,920
-
15 · Other assets
beginning of year $1,540,438 · end of year $1,628,102
-
17 · Accounts payable and accrued expenses
beginning of year $736,560 · end of year $795,690
-
24 · Unsecured notes and loans payable
end of year $1,000,940
-
25 · Other liabilities
beginning of year $96,861,539 · end of year $111,086,236
-
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 $9,027,727 · end of year $8,577,552
Mission and programs · 2022
Mission
DAY MET CREDIT UNION, INC. CONTRIBUTES TO PROSPERITY AND FINANCIAL GROWTH THROUGH INNOVATIVE SERVICES, SUPPORT AND EDUCATION.
Activities or mission (Part I)
STATE CHARTERED CREDIT UNION ORGANIZED TO PROVIDE MEMBERS WITH FINANCIAL SERVICES AND PRODUCTS.
-
LENDING TO CREDIT UNION MEMBERS. WE PROVIDED CREDIT CARD AND LINE OF CREDIT LOANS; VEHICLE LOANS; MORTGAGE LOANS; AND OTHER LOANS TO MEMBERS IN 2022.
-
PROVIDING FINANCIAL SERVICES TO CREDIT UNION MEMBERS. WE PROVIDED CHECKING ACCOUNTS; SAVINGS ACCOUNTS; MONEY MARKET ACCOUNTS; CERTIFICATES OF DEPOSIT; RETIREMENT ACCOUNTS; AND OTHER ACCOUNTS IN 2022.
As filed on the 2022 return.
Listed in Part VII
-
Amelia V LawAMELIA V LAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Allen R NorrisALLEN R NORRIS
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Mike RogersMIKE ROGERS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Don KileyDON KILEY
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 0
-
Jessica A OsbourneJESSICA A OSBOURNE
TREASURER/FINANICAL SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Tyrone McGuffeyTYRONE MCGUFFEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mary Ann KabelMARY ANN KABEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Zachary ClarkZACHARY CLARK
SVP OF OPERATIONS
- Total calculated
- $132,785
- From this org
- $132,785
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Christopher SadlierCHRISTOPHER SADLIER
DIRECTOR OF FINANCE
- Total calculated
- $123,613
- From this org
- $123,613
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jaime CrooksJAIME CROOKS
VP OF MARKETING
- Total calculated
- $106,941
- From this org
- $106,941
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Steven D ShoreSTEVEN D SHORE
PRESIDENT & CEO
- Total calculated
- $224,349
- From this org
- $224,349
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,982
- Bonus
- $33,865
- Other
- $1,502
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $224,349
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
None.
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
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349309153
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