Skip to content
Nonprofiteer
← TREADWELL CREDIT UNION INC

Form 990 for tax year 2024

Filed by TREADWELL CREDIT UNION INC.

Totals

Total revenue
$7,666,720
Total expenses
$7,274,159
Contributions and grants received
$0
Grants paid
$50
Program service revenue
$7,251,438
Investment income
$415,282
Other revenue
$0
Total assets, end of year
$122,660,938
Total liabilities, end of year
$112,777,256
Net assets or fund balances, end of year
$9,883,682
Program services expenses (Part IX)
$7,274,159
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,274,159

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: INTEREST ON LOANS

    total $5,715,143 · related or exempt $5,715,143

  • 2b · Program service revenue: OTHER INCOME

    total $1,536,295 · related or exempt $1,536,295

  • 3 · Investment income

    total $415,282 · related or exempt $415,282

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50 · program services $50

  • 5 · Compensation of officers, directors and key employees

    total $629,319 · program services $629,319

  • 7 · Other salaries and wages

    total $1,188,041 · program services $1,188,041

  • 8 · Pension plan contributions

    total $82,048 · program services $82,048

  • 9 · Other employee benefits

    total $417,454 · program services $417,454

  • 10 · Payroll taxes

    total $138,461 · program services $138,461

  • 11b · Fees: legal

    total $13,765 · program services $13,765

  • 11g · Fees: other

    total $161,299 · program services $161,299

  • 12 · Advertising and promotion

    total $151,547 · program services $151,547

  • 13 · Office expenses

    total $163,213 · program services $163,213

  • 14 · Information technology

    total $316,137 · program services $316,137

  • 16 · Occupancy

    total $153,309 · program services $153,309

  • 17 · Travel

    total $13,545 · program services $13,545

  • 20 · Interest

    total $2,484,848 · program services $2,484,848

  • 22 · Depreciation, depletion and amortization

    total $211,773 · program services $211,773

  • 23 · Insurance

    total $52,415 · program services $52,415

  • 24a · Other expenses: ASSOCIATION DUES

    total $8,470 · program services $8,470

  • 24b · Other expenses: LOAN SERVICING

    total $822,401 · program services $822,401

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $209,613 · program services $209,613

  • 24d · Other expenses: SUPERVISORY

    total $26,989 · program services $26,989

  • 24e · All other expenses

    total $29,462 · program services $29,462

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $901,507 · end of year $1,448,509

  • 2 · Savings and temporary cash investments

    beginning of year $6,907,169 · end of year $5,812,856

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,839,434 · end of year $3,571,876

  • 7 · Other notes and loans receivable

    beginning of year $90,876,264 · end of year $95,620,318

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,663,493 · end of year $851,852

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

    $5,282,026

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

    $3,314,949

  • 10c · Land, buildings and equipment, net

    beginning of year $1,883,040 · end of year $1,967,077

  • 11 · Investments: publicly traded securities

    beginning of year $9,835,451 · end of year $7,074,552

  • 12 · Investments: other securities

    beginning of year $3,228,419 · end of year $1,880,500

  • 15 · Other assets

    beginning of year $1,496,884 · end of year $4,433,398

  • 17 · Accounts payable and accrued expenses

    beginning of year $542,218 · end of year $428,825

  • 25 · Other liabilities

    beginning of year $110,866,481 · end of year $112,348,431

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,222,962 · end of year $9,883,682

Mission and programs · 2024

Mission

DAYMET CREDIT UNION CONTRIBUTES TO PROSPERITY AND FINANCIAL GROWTH THROUGH INNOVATIVE SERVICES, SUPPORT AND EDUCATION.

  • LENDING TO CREDIT UNION MEMBERS. WE PROVIDE CREDIT CARD AND LINE OF CREDIT LOANS; VEHICLE LOANS; MORTGAGE LOANS; AND OTHER LOANS TO MEMBERS IN 2024.

    Expenses $7,274,159

As filed on the 2024 return.

Listed in Part VII

  • Steven Shore

    PRESIDENTCEO

    Total calculated
    $369,286
    From this org
    $232,433
    From related orgs
    $0
    Other
    $136,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    $136,853
    Nontaxable benefits
    not reported
    Filer's total
    $369,286

  • Zachary Clark

    CHIEF OPERATIONS OFFICER

    Total calculated
    $184,502
    From this org
    $146,684
    From related orgs
    $0
    Other
    $37,818
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,684
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,818
    Nontaxable benefits
    not reported
    Filer's total
    $184,502

  • Carla Marquette

    VP FINANCE

    Total calculated
    $139,559
    From this org
    $134,621
    From related orgs
    $0
    Other
    $4,938
    Hours/week
    40

  • Jamie Crooks

    CHIEF MARKETING OFFICER

    Total calculated
    $115,581
    From this org
    $115,581
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tyrone McGuffey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Kabel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Rogers

    CHAIRPERSON OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Amelia Law

    VICE CHAIRPERSON OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Jessica Osbourne

    TREASURERFINANCIAL SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Andrew Stallard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

None.

Answered no

None.

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
2024
Filed
14 May 2025
IRS schema version
2024v5.1
Source object
202541349349307229

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.