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Nonprofiteer
← CLARITY CREDIT UNION

Form 990 for tax year 2025

Filed by CLARITY CREDIT UNION.

Totals

Total revenue
$17,313,768
Total expenses
$15,998,606
Contributions and grants received
$0
Grants paid
$1,174
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
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

  • BRETT SPENCER

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3
  • CORY EDWARDS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • VIVIAN FIRKIN

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    3
  • ED BARNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • KATHLEEN ARCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • KAREN SERRATOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • LARRY CLUCAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • WENDY EDWARDS

    CEO/PRESIDENT

    Total calculated
    $345,890
    From this org
    $300,150
    From related orgs
    $0
    Other
    $45,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,192
    Bonus
    $21,958
    Other
    $0
    Deferred
    $16,907
    Nontaxable benefits
    $28,833
    Filer's total
    $345,890
  • NICK FUGAL

    CFO

    Total calculated
    $251,316
    From this org
    $209,927
    From related orgs
    $0
    Other
    $41,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,249
    Bonus
    $15,678
    Other
    $0
    Deferred
    $12,556
    Nontaxable benefits
    $28,833
    Filer's total
    $251,316
  • DAN EDGERTON

    CLO

    Total calculated
    $217,217
    From this org
    $185,634
    From related orgs
    $0
    Other
    $31,583
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,967
    Bonus
    $13,667
    Other
    $0
    Deferred
    $10,868
    Nontaxable benefits
    $20,715
    Filer's total
    $217,217
  • GRACIE FRANKS

    COO

    Total calculated
    $210,764
    From this org
    $173,907
    From related orgs
    $0
    Other
    $36,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,220
    Bonus
    $12,736
    Other
    $2,951
    Deferred
    $9,323
    Nontaxable benefits
    $27,534
    Filer's total
    $210,764

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 · Health or social club dues or initiation fees
  • 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

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE CREDIT UNION OFFERS A FAMILY GYM MEMBERSHIP TO ALL C-LEVEL EMPLOYEES (MAX OF $700/YEAR), INCLUDING THE CEO, CFO, CLO, AND COO. THE HR MANAGER AND MARKETING MANAGER ARE PERMITTED TO SELF-MEMBER (UP TO $350/YEAR).

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
IRS schema version
2025v4.2
Source object
202622119349300832

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