Totals
- Total revenue
- $16,308,398
- Total expenses
- $15,868,290
- Contributions and grants received
- $0
- Grants paid
- $91,552
- Program service revenue
- $12,217,533
- Investment income
- $691,337
- Other revenue
- $3,399,528
- Total assets, end of year
- $274,632,565
- Total liabilities, end of year
- $253,426,300
- Net assets or fund balances, end of year
- $21,206,265
- 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.
-
2a · Program service revenue: INTEREST INCOME ON LOANS TO MEMBE
total $12,217,533 · related or exempt $12,217,533
-
3 · Investment income
total $911,442 · excluded $911,442
-
6a · Gross rents
real property $6,600
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $6,600
-
6d · Net rental income or loss
total $6,600 · related or exempt $6,600
-
7a · Gross sales of assets other than inventory
securities $2,775,750 · other assets $164,234
-
7b · Less cost or other basis and sales expenses
securities $2,962,628 · other assets $197,461
-
7c · Gain or loss
securities -$186,878 · other assets -$33,227
-
7d · Net gain or loss
total -$220,105 · related or exempt -$220,105
-
11a · Other revenue: VISA CHECK FEES
total $1,396,457 · related or exempt $1,396,457
-
11b · Other revenue: NSF AND ODP FEES
total $1,334,224 · related or exempt $1,334,224
-
11c · Other revenue: NON-INTEREST INCOME
total $575,403 · related or exempt $575,403
-
11d · All other revenue
total $86,844 · related or exempt $69,159 · unrelated business $17,685
-
11e · Other revenue, total
$3,392,928
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $91,552
-
5 · Compensation of officers, directors and key employees
total $926,372
-
7 · Other salaries and wages
total $3,206,093
-
8 · Pension plan contributions
total $77,128
-
9 · Other employee benefits
total $370,997
-
10 · Payroll taxes
total $296,062
-
11b · Fees: legal
total $123,283
-
11c · Fees: accounting
total $68,847
-
11g · Fees: other
total $221,040
-
12 · Advertising and promotion
total $296,205
-
13 · Office expenses
total $304,363
-
16 · Occupancy
total $496,991
-
17 · Travel
total $164,854
-
20 · Interest
total $4,196,740
-
22 · Depreciation, depletion and amortization
total $311,638
-
23 · Insurance
total $83,873
-
24a · Other expenses: OTHER EXPENSES
total $2,690,809
-
24b · Other expenses: PROVISION FOR LOAN AND
total $712,059
-
24c · Other expenses: DEBIT CARD OPERATIONS
total $677,630
-
24d · Other expenses: CREDIT CARD OPERATIONS
total $405,562
-
24e · All other expenses
total $146,192
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,076,012 · end of year $1,767,089
-
2 · Savings and temporary cash investments
beginning of year $14,605,975 · end of year $9,894,539
-
5 · Loans and receivables from officers and key people
beginning of year $435,910 · end of year $745,741
-
7 · Other notes and loans receivable
beginning of year $228,436,319 · end of year $225,463,038
-
9 · Prepaid expenses and deferred charges
beginning of year $1,065,600 · end of year $1,191,590
-
10a · Land, buildings and equipment: cost or other basis
$12,408,140
-
10b · Land, buildings and equipment: accumulated depreciation
$5,958,586
-
10c · Land, buildings and equipment, net
beginning of year $6,403,039 · end of year $6,449,554
-
13 · Investments: program-related
beginning of year $17,598,679 · end of year $16,950,058
-
14 · Intangible assets
beginning of year $1,277,040 · end of year $1,246,540
-
15 · Other assets
beginning of year $10,495,970 · end of year $10,924,416
-
17 · Accounts payable and accrued expenses
beginning of year $1,773,535 · end of year $1,550,407
-
21 · Escrow or custodial account liability
beginning of year $395,023 · end of year $265,972
-
23 · Secured mortgages and notes payable
beginning of year $23,275,000 · end of year $33,256,000
-
25 · Other liabilities
beginning of year $235,968,043 · end of year $218,353,921
-
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 $2,207,162 · end of year $2,207,162
-
31 · Retained earnings, endowment or other funds
beginning of year $18,775,781 · end of year $18,999,103
Mission and programs · 2023
Mission
THE MISSION OF SERVICE ONE CREDIT UNION IS TO UNDERSTAND AND MEET OUR MEMBERS AND COMMUNITY'S NEEDS TO HELP THEM PROSPER.
-
SERVICE ONE CREDIT UNION PROVIDES SAVINGS AND LENDING SERVICES AND PRODUCTS TO ITS FIELD OF MEMBERSHIP.
As filed on the 2023 return.
Listed in Part VII
-
Chris GeorgeCHRIS GEORGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James McCaslinJAMES MCCASLIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Harold LittleHAROLD LITTLE
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Richard L MillerRICHARD L MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brooke JusticeBROOKE JUSTICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brenda WilloughbyBRENDA WILLOUGHBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pat StewartPAT STEWART
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca StoneREBECCA STONE
PRESIDENT AND CEO
- Total calculated
- $278,147
- From this org
- $182,012
- From related orgs
- $0
- Other
- $96,135
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,012
- Bonus
- $0
- Other
- $0
- Deferred
- $86,987
- Nontaxable benefits
- $9,148
- Filer's total
- $278,147
-
Mark FloydMARK FLOYD
VP CHIEF LENDING OFFICER
- Total calculated
- $132,003
- From this org
- $109,896
- From related orgs
- $0
- Other
- $22,107
- Hours/week
- 40
-
Michelle DyerMICHELLE DYER
SVP/CHIEF OPERATING OFFICE
- Total calculated
- $131,746
- From this org
- $118,649
- From related orgs
- $0
- Other
- $13,097
- Hours/week
- 40
-
Justin MorrisJUSTIN MORRIS
EVP CHIEF FINANCIAL OFFICE
- Total calculated
- $148,746
- From this org
- $133,975
- From related orgs
- $0
- Other
- $14,771
- Hours/week
- 40
-
Brad BrownBRAD BROWN
VP ENTERPRISE RISK MGMT
- Total calculated
- $106,131
- From this org
- $92,905
- From related orgs
- $0
- Other
- $13,226
- Hours/week
- 40
-
Rob HerringtonROB HERRINGTON
SVP/CHIEF TECHNOLOGY OFFIC
- Total calculated
- $129,599
- From this org
- $115,428
- From related orgs
- $0
- Other
- $14,171
- 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 · 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 4B
- REBECCA STONE - $81,081
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
-
TO PROVIDE A SPONSORSHIP AND SCHOLARSHIP SUPPORT
-
CITY OF SCOTTSVILLE
$0
TO PROVIDE A SPONSORSHIP AND SCHOLARSHIP SUPPORT
-
TO PROVIDE A SPONSORSHIP AND SCHOLARSHIP SUPPORT
-
TO PROVIDE A SPONSORSHIP AND SCHOLARSHIP SUPPORT
-
TO PROVIDE A SPONSORSHIP AND SCHOLARSHIP SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349305422
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