Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOAN INTEREST

  total $4,755,794 · related or exempt $4,755,794

• 2b · Program service revenue: FEE INCOME

  total $2,722,764 · related or exempt $2,617,627 · unrelated business $105,137

• 3 · Investment income

  total $523,729 · excluded $523,729

• 7a · Gross sales of assets other than inventory

  securities $216,047 · other assets $343,956

• 7b · Less cost or other basis and sales expenses

  securities $207,228 · other assets $171,226

• 7c · Gain or loss

  securities $8,819 · other assets $172,730

• 7d · Net gain or loss

  total $181,549 · excluded $181,549

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $349,821

• 5 · Compensation of officers, directors and key employees

  total $944,277

• 7 · Other salaries and wages

  total $1,598,124

• 8 · Pension plan contributions

  total $69,429

• 9 · Other employee benefits

  total $207,111

• 10 · Payroll taxes

  total $202,224

• 11b · Fees: legal

  total $3,078

• 11c · Fees: accounting

  total $62,223

• 11g · Fees: other

  total $299,303

• 12 · Advertising and promotion

  total $275,909

• 13 · Office expenses

  total $275,103

• 14 · Information technology

  total $91,225

• 16 · Occupancy

  total $253,393

• 17 · Travel

  total $23,165

• 19 · Conferences, conventions and meetings

  total $54,160

• 21 · Payments to affiliates

  total $19,731

• 22 · Depreciation, depletion and amortization

  total $318,009

• 23 · Insurance

  total $56,799

• 24a · Other expenses: DEBIT/CREDIT CARD EXPEN

  total $701,826

• 24b · Other expenses: OTHER EXPENSES

  total $512,885

• 24c · Other expenses: PROVISION FOR LOAN LOSS

  total $303,980

• 24d · Other expenses: LOAN EXPENSES

  total $253,082

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,213,043 · end of year $1,901,812

• 2 · Savings and temporary cash investments

  beginning of year $10,034,489 · end of year $13,014,628

• 4 · Accounts receivable

  beginning of year $84,313 · end of year $93,455

• 7 · Other notes and loans receivable

  beginning of year $100,606,469 · end of year $103,876,561

• 9 · Prepaid expenses and deferred charges

  beginning of year $382,302 · end of year $440,931

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

  $5,610,901

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

  $2,529,323

• 10c · Land, buildings and equipment, net

  beginning of year $2,865,930 · end of year $3,081,578

• 12 · Investments: other securities

  beginning of year $20,098,337 · end of year $19,165,228

• 13 · Investments: program-related

  beginning of year $1,585,155 · end of year $683,100

• 15 · Other assets

  beginning of year $2,059,500 · end of year $2,430,716

• 17 · Accounts payable and accrued expenses

  beginning of year $3,059,902 · end of year $3,246,078

• 24 · Unsecured notes and loans payable

  beginning of year $1,000,000 · end of year $0

• 25 · Other liabilities

  beginning of year $121,025,194 · end of year $128,058,107

• 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 $5,339,463 · end of year $5,470,834

• 31 · Retained earnings, endowment or other funds

  beginning of year $8,504,979 · end of year $7,912,990

The filer's explanations (Part III)

PART I, LINE 3

THE ANNUAL NAFCU AND GALLAGHER COMPENSATION AND BENEFITS REPORT, CU PERFORMANCE SOLUTIONS COMPEASE SYSTEM WITH BENCHMARKED JOBS ARE BOTH RESOURCES FOR COMPARISON.