Form 990 for tax year 2025
Filed by ARCHER COOPERATIVE CREDIT UNION.
Totals
- Total revenue
- $7,193,667
- Total expenses
- $6,076,474
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $6,704,915
- Investment income
- $488,752
- Other revenue
- $0
- Total assets, end of year
- $105,407,500
- Total liabilities, end of year
- $94,965,750
- Net assets or fund balances, end of year
- $10,441,750
- Program services expenses (Part IX)
- $6,076,474
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,076,474
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: Loan interest income
total $5,916,228 · excluded $5,916,228
-
2b · Program service revenue: Fee income
total $545,140 · excluded $545,140
-
2c · Program service revenue: Other income
total $243,547 · excluded $243,547
-
3 · Investment income
total $488,752 · excluded $488,752
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $179,864 · program services $179,864
-
7 · Other salaries and wages
total $1,674,707 · program services $1,674,707
-
8 · Pension plan contributions
total $77,189 · program services $77,189
-
9 · Other employee benefits
total $337,805 · program services $337,805
-
10 · Payroll taxes
total $126,416 · program services $126,416
-
11b · Fees: legal
total $749 · program services $749
-
11c · Fees: accounting
total $3,988 · program services $3,988
-
12 · Advertising and promotion
total $145,929 · program services $145,929
-
13 · Office expenses
total $338,249 · program services $338,249
-
16 · Occupancy
total $102,924 · program services $102,924
-
19 · Conferences, conventions and meetings
total $57,209 · program services $57,209
-
20 · Interest
total $176,187 · program services $176,187
-
22 · Depreciation, depletion and amortization
total $217,570 · program services $217,570
-
23 · Insurance
total $34,799 · program services $34,799
-
24a · Other expenses: Dividend expense
total $1,739,916 · program services $1,739,916
-
24b · Other expenses: Provision for loan loss
total $422,720 · program services $422,720
-
24c · Other expenses: Data processing
total $107,308 · program services $107,308
-
24d · Other expenses: Other professional fees
total $219,866 · program services $219,866
-
24e · All other expenses
total $113,079 · program services $113,079
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,169,859 · end of year $1,047,749
-
2 · Savings and temporary cash investments
beginning of year $4,827,107 · end of year $6,622,837
-
7 · Other notes and loans receivable
beginning of year $81,375,767 · end of year $85,037,660
-
9 · Prepaid expenses and deferred charges
beginning of year $104,504 · end of year $68,979
-
10a · Land, buildings and equipment: cost or other basis
$5,109,549
-
10b · Land, buildings and equipment: accumulated depreciation
$1,875,567
-
10c · Land, buildings and equipment, net
beginning of year $3,344,327 · end of year $3,233,982
-
12 · Investments: other securities
end of year $4,294,516
-
13 · Investments: program-related
end of year $0
-
15 · Other assets
beginning of year $4,769,243 · end of year $5,101,777
-
17 · Accounts payable and accrued expenses
beginning of year $843,834 · end of year $2,250,709
-
23 · Secured mortgages and notes payable
beginning of year $2,500,000 · end of year $5,000,000
-
25 · Other liabilities
beginning of year $82,922,421 · end of year $87,715,041
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $5,164,694 · end of year $5,164,694
-
31 · Retained earnings, endowment or other funds
beginning of year $4,159,858 · end of year $5,277,056
Mission and programs · 2025
Mission
State chartered credit union.
-
State chartered credit union.
Expenses $6,076,474 · Revenue $7,193,667
As filed on the 2025 return.
Listed in Part VII
-
Gerald Woodgate
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Delcy Falk
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Leanne Luebbe
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Richard Moore
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sean Wagner
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tracey Hefner
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Verlen Larsen
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Michael Kezeor
President and CEO
- Total calculated
- $179,864
- From this org
- $179,864
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,864
- Bonus
- $20,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $179,864
-
Tyson Benner
Chief Lending Officer
- Total calculated
- $122,938
- From this org
- $122,938
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
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 3
- Industry survey of comparable positions in similarly situated organizations.
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
- 11 February 2026
- IRS schema version
- 2025v4.0
- Source object
- 202640429349301794
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.