Totals
- Total revenue
- $4,366,527
- Total expenses
- $3,411,660
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,556,872
- Investment income
- $445,555
- Other revenue
- $364,100
- Total assets, end of year
- $68,265,342
- Total liabilities, end of year
- $60,420,824
- Net assets or fund balances, end of year
- $7,844,518
- Program services expenses (Part IX)
- $3,411,660
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,411,660
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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 $3,137,569 · related or exempt $3,137,569
-
2b · Program service revenue: Fee Income
total $110,126 · related or exempt $110,126
-
2c · Program service revenue: Interchange Income
total $263,765 · related or exempt $263,765
-
2d · Program service revenue: Other Income
total $45,412 · related or exempt $45,412
-
3 · Investment income
total $445,555 · related or exempt $445,555
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Net Assets from PPFDCU
total $364,100 · related or exempt $364,100
-
11e · Other revenue, total
$364,100
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $274,387 · program services $274,387
-
7 · Other salaries and wages
total $489,696 · program services $489,696
-
8 · Pension plan contributions
total $31,912 · program services $31,912
-
9 · Other employee benefits
total $68,403 · program services $68,403
-
10 · Payroll taxes
total $69,525 · program services $69,525
-
11b · Fees: legal
total $30,777 · program services $30,777
-
11c · Fees: accounting
total $24,598 · program services $24,598
-
12 · Advertising and promotion
total $93,267 · program services $93,267
-
14 · Information technology
total $120,624 · program services $120,624
-
16 · Occupancy
total $96,523 · program services $96,523
-
17 · Travel
total $1,452 · program services $1,452
-
19 · Conferences, conventions and meetings
total $8,220 · program services $8,220
-
20 · Interest
total $3 · program services $3
-
22 · Depreciation, depletion and amortization
total $136,989 · program services $136,989
-
23 · Insurance
total $27,126 · program services $27,126
-
24a · Other expenses: Office Operations
total $159,976 · program services $159,976
-
24b · Other expenses: Loan Servicing
total $297,336 · program services $297,336
-
24c · Other expenses: Provisions for Loan Losses
total $174,259 · program services $174,259
-
24d · Other expenses: Dividends Expense
total $1,243,554 · program services $1,243,554
-
24e · All other expenses
total $63,033 · program services $63,033
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $670,326 · end of year $482,029
-
2 · Savings and temporary cash investments
beginning of year $7,492,649 · end of year $2,330,586
-
4 · Accounts receivable
beginning of year $48,928 · end of year $1,160
-
7 · Other notes and loans receivable
beginning of year $47,006,248 · end of year $49,071,435
-
9 · Prepaid expenses and deferred charges
beginning of year $197,382 · end of year $259,838
-
10a · Land, buildings and equipment: cost or other basis
$5,287,861
-
10b · Land, buildings and equipment: accumulated depreciation
$1,494,964
-
10c · Land, buildings and equipment, net
beginning of year $3,893,463 · end of year $3,792,897
-
11 · Investments: publicly traded securities
beginning of year $6,775,335 · end of year $11,146,294
-
15 · Other assets
beginning of year $1,173,706 · end of year $1,181,103
-
17 · Accounts payable and accrued expenses
beginning of year $640,358 · end of year $634,768
-
25 · Other liabilities
beginning of year $59,782,302 · end of year $59,786,056
-
31 · Retained earnings, endowment or other funds
beginning of year $6,835,377 · end of year $7,844,518
Mission and programs · 2025
Mission
Provide a full range of financial services to members of the credit union. The credit union currently services members primarily located in Utah County, Utah.
-
Total program service expenses.
Expenses $3,411,660
As filed on the 2025 return.
Listed in Part VII
-
Ken Payne
President & CEO
- Total calculated
- $169,129
- From this org
- $169,129
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us · ignoring case and punctuation
- Base
- $157,129
- Bonus
- $12,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $169,129
-
Suzanne M Ashby
EVP & Board Secretary
- Total calculated
- $105,258
- From this org
- $105,258
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Thomas Crabb
Board Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Lynn Smith
Board vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Robin Roberts
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Robert Wager
Board Member
- Total calculated
- $0
- Hours/week
- 1
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
- 2025
- Filed
- 12 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601359349314380
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