Totals
- Total revenue
- $29,456,576
- Total expenses
- $24,898,890
- Contributions and grants received
- $391,883
- Grants paid
- $32,000
- Program service revenue
- $26,962,773
- Investment income
- $2,069,609
- Other revenue
- $32,311
- Total assets, end of year
- $508,385,975
- Total liabilities, end of year
- $464,428,470
- Net assets or fund balances, end of year
- $43,957,505
- 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.
-
1e · Government grants (contributions)
$391,883
-
2a · Program service revenue: INTEREST ON LOANS
total $21,823,717 · related or exempt $21,823,717
-
2b · Program service revenue: FEES & OTHER INCOME
total $5,093,688 · related or exempt $5,058,762 · unrelated business $34,926
-
2c · Program service revenue: WARRANTY & OTHER INSURANCE
total $45,368 · unrelated business $45,368
-
3 · Investment income
total $2,069,609 · related or exempt $2,069,609
-
5 · Royalties
total $32,311 · related or exempt $32,311
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $32,000
-
5 · Compensation of officers, directors and key employees
total $2,441,685
-
7 · Other salaries and wages
total $4,131,317
-
8 · Pension plan contributions
total $281,868
-
9 · Other employee benefits
total $561,343
-
10 · Payroll taxes
total $425,086
-
11b · Fees: legal
total $37,804
-
11c · Fees: accounting
total $87,326
-
11g · Fees: other
total $888,192
-
12 · Advertising and promotion
total $1,177,672
-
13 · Office expenses
total $1,171,090
-
14 · Information technology
total $589,806
-
16 · Occupancy
total $394,820
-
17 · Travel
total $105,760
-
20 · Interest
total $279,830
-
22 · Depreciation, depletion and amortization
total $781,401
-
23 · Insurance
total $107,959
-
24a · Other expenses: DIVIDENDS ON SHARES
total $8,162,758
-
24b · Other expenses: PROVISION FOR LOAN LOSS
total $1,524,857
-
24c · Other expenses: LOAN SERVICING
total $783,969
-
24d · Other expenses: FRAUD EXPENSE
total $335,697
-
24e · All other expenses
total $596,650
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,894,712 · end of year $5,445,469
-
2 · Savings and temporary cash investments
beginning of year $22,394,019 · end of year $38,547,577
-
5 · Loans and receivables from officers and key people
beginning of year $4,054,931 · end of year $4,160,394
-
7 · Other notes and loans receivable
beginning of year $361,431,480 · end of year $394,509,278
-
9 · Prepaid expenses and deferred charges
beginning of year $605,651 · end of year $1,068,620
-
10a · Land, buildings and equipment: cost or other basis
$21,810,281
-
10b · Land, buildings and equipment: accumulated depreciation
$4,737,996
-
10c · Land, buildings and equipment, net
beginning of year $17,275,225 · end of year $17,072,285
-
12 · Investments: other securities
beginning of year $32,782,231 · end of year $35,874,540
-
15 · Other assets
beginning of year $9,872,478 · end of year $11,707,812
-
17 · Accounts payable and accrued expenses
beginning of year $4,193,015 · end of year $5,844,875
-
21 · Escrow or custodial account liability
beginning of year $175,284 · end of year $254,235
-
23 · Secured mortgages and notes payable
beginning of year $4,575,000 · end of year $9,875,000
-
25 · Other liabilities
beginning of year $406,237,921 · end of year $448,454,360
-
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 $39,129,507 · end of year $43,957,505
Mission and programs · 2023
Mission
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
-
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 30,589 MEMBERS.
-
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 23,826 LOANS OUTSTANDING TOTALING $396,456,697.
-
PAID DIVIDENDS ON DEPOSITS TOTALING $8,162,758 FOR THE YEAR.
As filed on the 2023 return.
Listed in Part VII
-
Kevin RobinsonKEVIN ROBINSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Allen FloydALLEN FLOYD
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Jerry FergusonJERRY FERGUSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Dave WilliamsDAVE WILLIAMS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Chris LeuckelCHRIS LEUCKEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William BorengasserWILLIAM BORENGASSER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard CoffeyRICHARD COFFEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dianna SilvesterDIANNA SILVESTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim BuschJIM BUSCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Martha NewmanMARTHA NEWMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott ThieretSCOTT THIERET
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard NicholsRICHARD NICHOLS
PRESIDENT/CEO
- Total calculated
- $792,047
- From this org
- $558,745
- From related orgs
- $0
- Other
- $233,302
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $405,249
- Bonus
- $150,571
- Other
- $2,925
- Deferred
- $203,632
- Nontaxable benefits
- $29,670
- Filer's total
- $792,047
-
Galen WilhoitGALEN WILHOIT
EVP/CHIEF FINANCIAL OFFICER
- Total calculated
- $280,677
- From this org
- $245,285
- From related orgs
- $0
- Other
- $35,392
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,906
- Bonus
- $40,379
- Other
- $0
- Deferred
- $24,804
- Nontaxable benefits
- $10,588
- Filer's total
- $280,677
-
Louie DelkLOUIE DELK
CHIEF MEMBER EXPERIENCE OFFICER
- Total calculated
- $245,430
- From this org
- $197,989
- From related orgs
- $0
- Other
- $47,441
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,490
- Bonus
- $35,499
- Other
- $0
- Deferred
- $21,656
- Nontaxable benefits
- $25,785
- Filer's total
- $245,430
-
Ange DaipraiANGE DAIPRAI
VP-OPERATIONS
- Total calculated
- $121,641
- From this org
- $94,242
- From related orgs
- $0
- Other
- $27,399
- Hours/week
- 40
-
Dana AldermanDANA ALDERMAN
VP-BUSINESS DEVELOPMENT
- Total calculated
- $110,439
- From this org
- $89,983
- From related orgs
- $0
- Other
- $20,456
- Hours/week
- 40
-
Donna ToebbenDONNA TOEBBEN
VP-HUMAN RESOURCES
- Total calculated
- $130,410
- From this org
- $106,149
- From related orgs
- $0
- Other
- $24,261
- Hours/week
- 40
-
Dave MillerDAVE MILLER
VP-RESIDENTIAL LENDING
- Total calculated
- $128,367
- From this org
- $108,246
- From related orgs
- $0
- Other
- $20,121
- Hours/week
- 40
-
JD MooreJD MOORE
VP-INFORMATION TECHNOLOGY
- Total calculated
- $160,785
- From this org
- $137,695
- From related orgs
- $0
- Other
- $23,090
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,770
- Bonus
- $6,925
- Other
- $0
- Deferred
- $13,905
- Nontaxable benefits
- $9,185
- Filer's total
- $160,785
-
Lisa WolkenLISA WOLKEN
VP-REAL ESTATE LOAN ORIGINATION
- Total calculated
- $178,104
- From this org
- $153,382
- From related orgs
- $0
- Other
- $24,722
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,202
- Bonus
- $33,180
- Other
- $0
- Deferred
- $15,413
- Nontaxable benefits
- $9,309
- Filer's total
- $178,104
-
Craig DunnCRAIG DUNN
VP-REAL ESTATE LENDING
- Total calculated
- $170,897
- From this org
- $161,488
- From related orgs
- $0
- Other
- $9,409
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $123,206
- Bonus
- $38,282
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $9,409
- Filer's total
- $170,897
-
Chad KuesterCHAD KUESTER
VP-SPECIALIZED LENDING
- Total calculated
- $122,888
- From this org
- $102,708
- From related orgs
- $0
- Other
- $20,180
- Hours/week
- 40
-
Will LemenWILL LEMEN
DEALER SERVICES MANAGER
- Total calculated
- $180,959
- From this org
- $147,874
- From related orgs
- $0
- Other
- $33,085
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,017
- Bonus
- $15,857
- Other
- $0
- Deferred
- $15,718
- Nontaxable benefits
- $17,367
- Filer's total
- $180,959
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 committee
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT/CEO'S PERFORMANCE AND DETERMINES COMPENSATION USING VARIOUS INFORMATION, INCLUDING SALARY SURVEYS. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
- PART I, LINE 4B
- RICHARD NICHOLS, PRESIDENT/CEO IS A PARTICIPANT IN A 457(F) DEFERRED COMPENSATION PLAN. IN 2023, THE CREDIT UNION RECORDED $175,632 EXPENSE RELATED TO THIS PLAN AND NO AMOUNTS WERE PAID OUT. IN ADDITION, THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS FOR THE FOLLOWING OFFICERS: - RICHARD NICHOLS, PRESIDENT/CEO - GALEN WILHOIT, CHIEF FINANCIAL OFFICER - LOUIE DELK, CHIEF MEMBER EXPERIENCE OFFICER SEE SCHEDULE L FOR THE RELATED LOANS OUTSTANDING AT DECEMBER 31, 2023.
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
H5 STRATEGIES LLC
UNRELATED · CREDIT UNION SERVICE ORGANIZATION PROVIDING MARKETING SERVICES · MO · 75% owned · share of income -$63,776 · share of assets $325,063
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443179349307114
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