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Nonprofiteer
← FEDERAL EMPLOYEES CREDIT UNION

Form 990 for tax year 2023

Filed by FEDERAL EMPLOYEES CREDIT UNION.

Totals

Total revenue
$898,361
Total expenses
$1,050,843
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$771,196
Investment income
$118,056
Other revenue
$9,109
Total assets, end of year
$17,800,062
Total liabilities, end of year
$14,588,949
Net assets or fund balances, end of year
$3,211,113
Program services expenses (Part IX)
$0
Management and general expenses
$1,050,843
Fundraising expenses
$0
Program service expenses (Part III)
$1,050,843

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: INTEREST ON LOANS

    total $662,602 · related or exempt $662,602

  • 2b · Program service revenue: FEE INCOME

    total $108,594 · related or exempt $108,594

  • 3 · Investment income

    total $118,056 · related or exempt $118,056

  • 11a · Other revenue: UBIT

    total $9,109 · unrelated business $9,109

  • 11e · Other revenue, total

    $9,109

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $291,929 · management and general $291,929

  • 8 · Pension plan contributions

    total $39,227 · management and general $39,227

  • 9 · Other employee benefits

    total $14,366 · management and general $14,366

  • 10 · Payroll taxes

    total $22,643 · management and general $22,643

  • 13 · Office expenses

    total $34,158 · management and general $34,158

  • 16 · Occupancy

    total $71,050 · management and general $71,050

  • 17 · Travel

    total $745 · management and general $745

  • 20 · Interest

    total $198,668 · management and general $198,668

  • 24a · Other expenses: MICS EXPENSES

    total $138,294 · management and general $138,294

  • 24b · Other expenses: PROF & OUTSIDE SERVICES

    total $115,893 · management and general $115,893

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $103,251 · management and general $103,251

  • 24d · Other expenses: LOAN SERVICING

    total $12,196 · management and general $12,196

  • 24e · All other expenses

    total $8,423 · management and general $8,423

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $770,709 · end of year $1,225,798

  • 2 · Savings and temporary cash investments

    beginning of year $7,520,438 · end of year $6,576,000

  • 4 · Accounts receivable

    beginning of year $9,739,102 · end of year $9,442,580

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,514 · end of year $33,341

  • 10a · Land, buildings and equipment: cost or other basis

    $63,589

  • 10b · Land, buildings and equipment: accumulated depreciation

    $56,566

  • 10c · Land, buildings and equipment, net

    beginning of year $6,944 · end of year $7,023

  • 12 · Investments: other securities

    beginning of year $260,368 · end of year $260,368

  • 15 · Other assets

    beginning of year $190,604 · end of year $254,952

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,338 · end of year $140,216

  • 25 · Other liabilities

    beginning of year $15,139,746 · end of year $14,448,733

  • 29 · Capital stock, trust principal or current funds

    beginning of year $493,099 · end of year $493,099

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,870,496 · end of year $2,718,014

Mission and programs · 2023

Mission

CREDIT UNION- TO PROVIDE SERVICES FOR APPROXIMATELY 1,766 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

  • THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.

    Expenses $854,584

  • THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.

    Expenses $196,259

As filed on the 2023 return.

Listed in Part VII

  • Greg Keller

    TREASURER/CE

    Total calculated
    $104,812
    From this org
    $92,065
    From related orgs
    $0
    Other
    $12,747
    Hours/week
    40

  • Rocky Cook

    BOD ACTING C

    Total calculated
    $0
    Hours/week
    1

  • Larry Stantley

    BOD 1ST VICE

    Total calculated
    $0
    Hours/week
    1

  • Mike Reebals

    BOD 2ND VICE

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Coleman

    BOARD SECRET

    Total calculated
    $0
    Hours/week
    1

  • Crystal Stantley

    SUPERVISORY

    Total calculated
    $0
    Hours/week
    1

  • Mellanie Pinkins

    SUPERVISORY

    Total calculated
    $0
    Hours/week
    1

  • Dolores Weeks

    SUPERVISORY

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2024
IRS schema version
2023v5.0
Source object
202421099349301017

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