Totals
- Total revenue
- $226,996
- Total expenses
- $185,224
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $151,206
- Investment income
- $75,790
- Other revenue
- $0
- Total assets, end of year
- $7,029,036
- Total liabilities, end of year
- $5,865,240
- Net assets or fund balances, end of year
- $1,163,796
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $185,224
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 $144,909 · related or exempt $144,909 · unrelated business $0 · excluded $0
-
2b · Program service revenue: fees and other income
total $6,297 · related or exempt $6,297 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $75,790 · related or exempt $75,790 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $86,760
-
8 · Pension plan contributions
total $10,150
-
9 · Other employee benefits
total $43
-
10 · Payroll taxes
total $6,915
-
11a · Fees: management
total $4,013
-
11c · Fees: accounting
total $4,910
-
13 · Office expenses
total $11,954
-
14 · Information technology
total $2,090
-
16 · Occupancy
total $14,600
-
20 · Interest
total $4,617
-
22 · Depreciation, depletion and amortization
total $1,496
-
23 · Insurance
total $5,738
-
24a · Other expenses: loan servicing
total $3,829
-
24b · Other expenses: state supervisory fees
total $3,109
-
24c · Other expenses: allowance for loan loss
total $25,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15 · end of year $15
-
2 · Savings and temporary cash investments
beginning of year $2,103,703 · end of year $159,899
-
7 · Other notes and loans receivable
beginning of year $3,171,968 · end of year $4,370,547
-
9 · Prepaid expenses and deferred charges
beginning of year $6,495 · end of year $5,889
-
10a · Land, buildings and equipment: cost or other basis
$7,481
-
10b · Land, buildings and equipment: accumulated depreciation
$2,120
-
10c · Land, buildings and equipment, net
beginning of year $6,857 · end of year $5,361
-
12 · Investments: other securities
beginning of year $1,902,330 · end of year $2,419,799
-
15 · Other assets
beginning of year $65,423 · end of year $67,526
-
17 · Accounts payable and accrued expenses
beginning of year $3,275 · end of year $3,836
-
25 · Other liabilities
beginning of year $6,131,492 · end of year $5,861,404
-
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 $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,122,024 · end of year $1,163,796
Mission and programs · 2023
Mission
To provide quality financial services to member or owners.
Activities or mission (Part I)
To provide financial services to members/owners with a common bond.
-
Provide 1575 members with regular share accounts, vacation club accounts, and IRA accounts. Total accounts 2917
Expenses $185,224 · Revenue $226,996
-
Provide 287 loans to members. Type of loans include vehicles, trucks, motorcycles, recreational vehicles, boats, share loans and unsecured loans.
-
none
As filed on the 2023 return.
Listed in Part VII
-
Brandon Guthier
Chairman
- Total calculated
- $77,180
- From this org
- $0
- From related orgs
- $69,380
- Other
- $7,800
- Hours/week
- 4 + 40 related
-
Greg Warren
Vice Chairman
- Total calculated
- $66,780
- From this org
- $0
- From related orgs
- $58,980
- Other
- $7,800
- Hours/week
- 40 + 1 related
-
Brandon Luken
Dirrector/employee
- Total calculated
- $64,700
- From this org
- $58,200
- From related orgs
- $6,500
- Other
- $0
- Hours/week
- 40
-
Patricia Luken
Manager Secretary
- Total calculated
- $32,790
- From this org
- $28,560
- From related orgs
- $0
- Other
- $4,230
- Hours/week
- 20 + 2 related
-
Larry Oldiges
Director Treasurer
- Total calculated
- $180
- From this org
- $0
- From related orgs
- $0
- Other
- $180
- Hours/week
- 2 + 1 related
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
- 11 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202413179349306166
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