Totals
- Total revenue
- $9,803,163
- Total expenses
- $9,189,229
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $8,936,020
- Investment income
- $785,696
- Other revenue
- $81,447
- Total assets, end of year
- $177,641,796
- Total liabilities, end of year
- $162,713,716
- Net assets or fund balances, end of year
- $14,928,080
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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: LOAN INTEREST INCOME
total $6,367,722 · related or exempt $6,367,722
-
2b · Program service revenue: OTHER INCOME
total $1,186,203 · related or exempt $1,186,203
-
2c · Program service revenue: FEE INCOME
total $927,230 · related or exempt $927,230
-
2d · Program service revenue: FINANCIAL PLANNING INCOME
total $396,044 · unrelated business $396,044
-
2e · Program service revenue: INSURANCE COMPANY INCOME
total $38,075 · unrelated business $38,075
-
2f · All other program service revenue
total $20,746 · unrelated business $20,746
-
3 · Investment income
total $785,696 · excluded $785,696
-
11a · Other revenue: OTHER PENSION INCOME
total $81,447 · excluded $81,447
-
11e · Other revenue, total
$81,447
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,040,245
-
7 · Other salaries and wages
total $1,643,759
-
8 · Pension plan contributions
total $246,946
-
9 · Other employee benefits
total $626,796
-
10 · Payroll taxes
total $203,311
-
11c · Fees: accounting
total $42,480
-
11g · Fees: other
total $348,774
-
12 · Advertising and promotion
total $142,443
-
13 · Office expenses
total $386,918
-
14 · Information technology
total $884,897
-
16 · Occupancy
total $203,259
-
17 · Travel
total $8,337
-
19 · Conferences, conventions and meetings
total $64,726
-
20 · Interest
total $1,242,609
-
22 · Depreciation, depletion and amortization
total $240,949
-
23 · Insurance
total $57,122
-
24a · Other expenses: LOAN SERVICING
total $752,421
-
24b · Other expenses: ATM/DEBIT CARD
total $611,597
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $209,105
-
24d · Other expenses: OTHER OPERATING EXPENSES
total $152,521
-
24e · All other expenses
total $80,014
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,004,359 · end of year $2,662,319
-
2 · Savings and temporary cash investments
beginning of year $10,060,084 · end of year $6,384,376
-
4 · Accounts receivable
beginning of year $1,717,450 · end of year $1,975,630
-
7 · Other notes and loans receivable
beginning of year $117,828,574 · end of year $120,082,019
-
9 · Prepaid expenses and deferred charges
beginning of year $190,349 · end of year $247,138
-
10a · Land, buildings and equipment: cost or other basis
$9,687,195
-
10b · Land, buildings and equipment: accumulated depreciation
$4,839,776
-
10c · Land, buildings and equipment, net
beginning of year $5,083,006 · end of year $4,847,419
-
12 · Investments: other securities
beginning of year $35,983,000 · end of year $31,023,000
-
13 · Investments: program-related
beginning of year $2,837,726 · end of year $2,595,737
-
15 · Other assets
beginning of year $8,361,316 · end of year $7,824,158
-
17 · Accounts payable and accrued expenses
beginning of year $1,874,768 · end of year $1,363,120
-
25 · Other liabilities
beginning of year $168,423,135 · end of year $161,350,596
-
31 · Retained earnings, endowment or other funds
beginning of year $14,767,961 · end of year $14,928,080
Mission and programs · 2023
Mission
TO HELP OUR MEMBER-OWNERS TO MANAGE THEIR FINANCIAL LIVES AND TO RUN A STABLE CREDIT UNION BY: CHOOSING TO DO WHAT IS RIGHT, CARING ABOUT OUR MEMBER'S NEEDS, AND PROVIDING FINANCIAL EDUCATION AND QUALITY PRODUCTS AND SERVICES THAT BENEFIT OUR MEMBERS, BECAUSE WE ARE THE STEWARD OF OUR MEMBER'S MONEY.
Activities or mission (Part I)
THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS.
-
PROVIDE 14,718 MEMBERS WITH REGULAR SHARES, SHARE DRAFTS, MONEY MARKETS, IRA AND CERTIFICATES OF DEPOSIT TOTALING 32,097.
-
ORIGINATE LOANS AND SERVICE A LOAN PORTFOLIO OF 10,170 INCLUDING NEW AND USED VEHICLES, RECREATIONAL VEHICLES, SIGNATURE, 1ST MORTGAGE, HOME EQUITY, CREDIT CARD, AND SHARE SECURED LOANS.
-
OFFER CHECK CASHING, COURTESY PAY, WIRE TRANSFER, ELECTRONIC BANKING, ATM AND VARIOUS INSURANCE PROGRAMS TO ELIGIBLE MEMBERS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scott HicksSCOTT HICKS
PRESIDENT/CE
- Total calculated
- $786,853
- From this org
- $628,862
- From related orgs
- $0
- Other
- $157,991
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,367
- Bonus
- not reported
- Other
- $428,495
- Deferred
- $135,847
- Nontaxable benefits
- $22,144
- Filer's total
- $786,853
-
Sonya SmithSONYA SMITH
EVP/CFO
- Total calculated
- $352,980
- From this org
- $300,278
- From related orgs
- $0
- Other
- $52,702
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $128,478
- Bonus
- $21,800
- Other
- $150,000
- Deferred
- $42,451
- Nontaxable benefits
- $10,251
- Filer's total
- $352,980
-
Bruce JosephBRUCE JOSEPH
FINANCIAL PL
- Total calculated
- $213,264
- From this org
- $185,695
- From related orgs
- $0
- Other
- $27,569
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $48,000
- Bonus
- $137,695
- Other
- not reported
- Deferred
- $18,867
- Nontaxable benefits
- $8,702
- Filer's total
- $213,264
-
Kelly StreckerKELLY STRECKER
SVP/CLO
- Total calculated
- $135,632
- From this org
- $111,105
- From related orgs
- $0
- Other
- $24,527
- Hours/week
- 40
-
Nicholas CourtrightNICHOLAS COURTRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael HalbeisenMICHAEL HALBEISEN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Troy HashbargerTROY HASHBARGER
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 0.5
-
Bruce HirtBRUCE HIRT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gary HotzGARY HOTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Karen MacfarlandKAREN MACFARLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Curtis ReichmanCURTIS REICHMAN
TREASURER/SE
- Total calculated
- $0
- Hours/week
- 0.5
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 survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
- 2023
- Filed
- 23 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433029349302503
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