Totals
- Total revenue
- $2,002,549
- Total expenses
- $1,799,589
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,849,900
- Investment income
- $152,649
- Other revenue
- $0
- Total assets, end of year
- $42,138,149
- Total liabilities, end of year
- $35,927,572
- Net assets or fund balances, end of year
- $6,210,577
- 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: INCOME FROM LOANS
total $1,300,278 · related or exempt $1,300,278
-
2b · Program service revenue: FEES AND CHARGES
total $395,204 · related or exempt $393,080 · unrelated business $2,124
-
2c · Program service revenue: OTHER INCOME
total $154,418 · related or exempt $135,456 · unrelated business $18,962
-
3 · Investment income
total $152,649 · excluded $152,649
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $602,604
-
8 · Pension plan contributions
total $16,053
-
9 · Other employee benefits
total $118,764
-
10 · Payroll taxes
total $45,309
-
11g · Fees: other
total $512,185
-
12 · Advertising and promotion
total $58,640
-
13 · Office expenses
total $72,687
-
16 · Occupancy
total $53,129
-
19 · Conferences, conventions and meetings
total $13,445
-
22 · Depreciation, depletion and amortization
total $23,311
-
23 · Insurance
total $17,560
-
24a · Other expenses: LOAN SERVICING
total $122,967
-
24b · Other expenses: MEMBER DIVIDENDS
total $74,730
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $23,145
-
24d · Other expenses: SHARE EXPENSES
total $17,437
-
24e · All other expenses
total $27,623
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $515,978 · end of year $510,225
-
4 · Accounts receivable
beginning of year $15,000 · end of year $16,000
-
7 · Other notes and loans receivable
beginning of year $25,005,605 · end of year $29,736,350
-
9 · Prepaid expenses and deferred charges
beginning of year $66,213 · end of year $196,235
-
10a · Land, buildings and equipment: cost or other basis
$1,040,907
-
10b · Land, buildings and equipment: accumulated depreciation
$966,233
-
10c · Land, buildings and equipment, net
beginning of year $89,133 · end of year $74,674
-
12 · Investments: other securities
beginning of year $17,507,563 · end of year $11,185,400
-
15 · Other assets
beginning of year $371,148 · end of year $419,265
-
17 · Accounts payable and accrued expenses
beginning of year $185,520 · end of year $231,846
-
25 · Other liabilities
beginning of year $37,377,503 · end of year $35,695,726
-
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 $6,007,617 · end of year $6,210,577
Mission and programs · 2022
Mission
STATE CHARTERED CREDIT UNION TO PROVIDE LOAN AND DEPOSIT SERVICES TO MEMBERS
Activities or mission (Part I)
STATE CHARTERED CREDIT UNION
-
LOAN AND SHARE PRODUCTS TO CREDIT UNION MEMBERS
As filed on the 2022 return.
Listed in Part VII
-
NICK GRIMMER
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
MARK VOGLER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN HOPWOOD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
BRENDA WADE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
JIM DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
VICKI GARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SARA MAMUSKA MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS HAHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS O'LEARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BEN REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CAROL TRAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CARI PALMER
PRESIDENT/CEO
- Total calculated
- $94,008
- From this org
- $94,008
- From related orgs
- $0
- Other
- $0
- 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.
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
- 202311329349308701
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