Skip to content
Nonprofiteer
← TEE-PAK CREDIT UNION

Form 990 for tax year 2023

Filed by TEE-PAK CREDIT UNION.

Totals

Total revenue
$1,416,954
Total expenses
$1,302,928
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,139,262
Investment income
$207,426
Other revenue
$70,266
Total assets, end of year
$24,559,295
Total liabilities, end of year
$20,622,632
Net assets or fund balances, end of year
$3,936,663
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

    total $763,309 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FEES AND CHARGES

    total $375,953 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $207,426 · unrelated business $0 · excluded $0

  • 11a · Other revenue: MISCELLANEOUS

    total $70,266 · related or exempt $70,266 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $70,266

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $79,545 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $328,295 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $6,922 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $26,110 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $32,217 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $28,959 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $163,924 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $202,636 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $99,049 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $13,739 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $16,282 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $79,628 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: DIVIDENDS

    total $58,559 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $79,433 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: SHARE/LOAN SERVICING

    total $73,300 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: ASSOCIATION DUES

    total $10,101 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $4,229 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $871,008 · end of year $1,030,465

  • 2 · Savings and temporary cash investments

    beginning of year $1,385,888 · end of year $4,241,504

  • 7 · Other notes and loans receivable

    beginning of year $12,358,467 · end of year $12,999,710

  • 9 · Prepaid expenses and deferred charges

    beginning of year $146,708 · end of year $179,201

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

    $1,385,602

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

    $554,226

  • 10c · Land, buildings and equipment, net

    beginning of year $905,159 · end of year $831,376

  • 11 · Investments: publicly traded securities

    beginning of year $6,972,000 · end of year $5,031,000

  • 15 · Other assets

    beginning of year $249,657 · end of year $246,039

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,574 · end of year $29,825

  • 24 · Unsecured notes and loans payable

    beginning of year $51,591 · end of year $1,057,049

  • 25 · Other liabilities

    beginning of year $18,835,553 · end of year $19,535,758

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,963,169 · end of year $3,936,663

Mission and programs · 2023

Mission

THE CREDIT UNION IS A MEMBER OWNED, NOT-FOR-PROFIT FINANCIAL INSTITUTION COMMITTED TO PROVIDING QUALITY SERVICES AND PROGRAMS TO MEET THE INDIVIDUAL NEEDS OF MEMBERS WHILE PRESERVING THE

  • Provided consumer lending and receive deposits from the Credit Union Membership. The Credit Union services in excess of 4,500 member share type accounts and approximately 770 loan type accounts, excluding Visa cards.

As filed on the 2023 return.

Listed in Part VII

  • KEVIN KENNEDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERI ATWOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHELLY TISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACKIE MCCARTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TROY PEARSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MARK NIEDENTHAL

    VICE CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT MATHIS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MCKENNA HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMBER HAHN

    MANAGER

    Total calculated
    $79,545
    From this org
    $77,250
    From related orgs
    $0
    Other
    $2,295
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.1
Source object
202411859349300706

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.