Totals
- Total revenue
- $56,814,454
- Total expenses
- $44,182,726
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $55,326,735
- Investment income
- $1,406,067
- Other revenue
- $81,652
- Total assets, end of year
- $1,345,014,810
- Total liabilities, end of year
- $1,235,098,929
- Net assets or fund balances, end of year
- $109,915,881
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $44,182,728
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: Interest Charged to Members for Loans
total $43,594,544 · related or exempt $43,594,544 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Fees Charged for Banking Services
total $10,249,559 · related or exempt $10,249,559 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Investment Services Income
total $1,054,948 · related or exempt $0 · unrelated business $1,054,948 · excluded $0
-
2d · Program service revenue: Insurance Products Sold
total $311,078 · related or exempt $311,078 · unrelated business $0 · excluded $0
-
2e · Program service revenue: ATM Fees Charged to Non-Members
total $116,606 · related or exempt $0 · unrelated business $116,606 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,406,067 · related or exempt $1,406,067 · 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
-
11a · Other revenue: Gain/Loss on Sale of Assets
total $58,348 · related or exempt $58,348 · unrelated business $0 · excluded $0
-
11b · Other revenue: Other Operating Income
total $23,304 · related or exempt $23,304 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$81,652
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $8,380,481
-
5 · Compensation of officers, directors and key employees
total $3,281,266
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $10,956,754
-
8 · Pension plan contributions
total $304,523
-
9 · Other employee benefits
total $5,534,499
-
10 · Payroll taxes
total $1,220,907
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $54,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $3,067,960
-
12 · Advertising and promotion
total $2,915,452
-
13 · Office expenses
total $319,743
-
14 · Information technology
total $481,448
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,839,988
-
17 · Travel
total $298,810
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $469,403
-
20 · Interest
total $2,054,878
-
22 · Depreciation, depletion and amortization
total $1,540,771
-
23 · Insurance
total $308,877
-
24a · Other expenses: Dues/Publications
total $122,318
-
24b · Other expenses: Postage/Courier Expenses
total $645,594
-
24e · All other expenses
total $385,054
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $36,112,244 · end of year $25,070,816
-
4 · Accounts receivable
beginning of year $1,086,494,036 · end of year $1,204,245,217
-
7 · Other notes and loans receivable
beginning of year $556,788 · end of year $866,112
-
8 · Inventories for sale or use
beginning of year $72,984 · end of year $169,742
-
9 · Prepaid expenses and deferred charges
beginning of year $3,038,634 · end of year $3,966,119
-
10a · Land, buildings and equipment: cost or other basis
$45,002,100
-
10b · Land, buildings and equipment: accumulated depreciation
$14,802,119
-
10c · Land, buildings and equipment, net
beginning of year $25,639,725 · end of year $30,199,981
-
12 · Investments: other securities
beginning of year $64,036,342 · end of year $67,344,483
-
15 · Other assets
beginning of year $11,775,224 · end of year $13,152,340
-
17 · Accounts payable and accrued expenses
beginning of year $14,956,862 · end of year $16,496,177
-
23 · Secured mortgages and notes payable
beginning of year $50,109,421 · end of year $120,259,185
-
25 · Other liabilities
beginning of year $1,064,531,382 · end of year $1,098,343,567
-
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 $98,128,312 · end of year $109,915,881
Mission and programs · 2022
Mission
Provide traditional banking services to more than 72,000 members including consumer loans, real estate loans, commercial loans, checking, savings, deposit accounts and electronic services.
-
Granted $503 million in consumer and commercial loans to credit union members.
Expenses $18,459,936 · Revenue $38,488,235
-
Granted $147 million in first mortgage and other real estate loans to credit union members
Expenses $3,959,772 · Revenue $12,962,961
-
Provided checking, savings and other traditional banking services to credit members
Expenses $20,080,761 · Revenue $2,703,985
-
Unrelated Business programs of Financial services and ATM usage fees by non-members
Expenses $1,682,259 · Revenue $1,171,554
As filed on the 2022 return.
Listed in Part VII
-
Richard Leonardson
President/CEO
- Total calculated
- $569,822
- From this org
- $569,822
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $401,445
- Bonus
- $163,393
- Other
- $4,984
- Deferred
- $39,387
- Nontaxable benefits
- $0
- Filer's total
- $609,209
-
Gilbert Birdsong
Chief Operating Officer
- Total calculated
- $343,003
- From this org
- $343,003
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $291,154
- Bonus
- $43,951
- Other
- $7,898
- Deferred
- $30,834
- Nontaxable benefits
- $0
- Filer's total
- $373,837
-
Mike Schenck
Chief Lending Officer
- Total calculated
- $256,397
- From this org
- $256,397
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,652
- Bonus
- $24,074
- Other
- $1,671
- Deferred
- $26,972
- Nontaxable benefits
- $0
- Filer's total
- $283,369
-
Polly Simpson
Chief Marketing Officer
- Total calculated
- $224,032
- From this org
- $224,032
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,287
- Bonus
- $17,968
- Other
- $1,777
- Deferred
- $25,503
- Nontaxable benefits
- $0
- Filer's total
- $249,535
-
Jayme O'Rullian
VP of WIS Administration
- Total calculated
- $214,160
- From this org
- $214,160
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $78,986
- Bonus
- $134,876
- Other
- $298
- Deferred
- $14,589
- Nontaxable benefits
- $0
- Filer's total
- $228,749
-
Craig Simpson
Legal Counsel
- Total calculated
- $210,798
- From this org
- $210,798
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $199,154
- Bonus
- $6,336
- Other
- $5,308
- Deferred
- $14,861
- Nontaxable benefits
- $0
- Filer's total
- $225,659
-
Don West
Chief Information Officer
- Total calculated
- $208,174
- From this org
- $208,174
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,962
- Bonus
- $22,819
- Other
- $2,394
- Deferred
- $21,075
- Nontaxable benefits
- $0
- Filer's total
- $229,250
-
Tammy Nelson
Chief Human Resource Officer
- Total calculated
- $199,100
- From this org
- $199,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $181,577
- Bonus
- $16,427
- Other
- $1,096
- Deferred
- $23,762
- Nontaxable benefits
- $0
- Filer's total
- $222,862
-
Paula Stone
Sr. VP of Operations Administration
- Total calculated
- $189,629
- From this org
- $189,629
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,454
- Bonus
- $14,996
- Other
- $3,180
- Deferred
- $13,251
- Nontaxable benefits
- $0
- Filer's total
- $202,881
-
John Beal
Sr. VP of Real Estate Administration
- Total calculated
- $187,219
- From this org
- $187,219
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,368
- Bonus
- $25,771
- Other
- $2,080
- Deferred
- $12,705
- Nontaxable benefits
- $0
- Filer's total
- $199,924
-
Trevor Hansen
VP of Commercial Lending
- Total calculated
- $185,135
- From this org
- $185,135
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $126,462
- Bonus
- $58,466
- Other
- $207
- Deferred
- $6,948
- Nontaxable benefits
- $0
- Filer's total
- $192,083
-
Davin Garlick
Chief Financial Officer
- Total calculated
- $179,196
- From this org
- $179,196
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,154
- Bonus
- $17,716
- Other
- $327
- Deferred
- $21,644
- Nontaxable benefits
- $0
- Filer's total
- $200,841
-
Jonathan Galusha
Sr. VP of Branch Administration
- Total calculated
- $162,688
- From this org
- $162,688
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,399
- Bonus
- $13,680
- Other
- $2,609
- Deferred
- $11,088
- Nontaxable benefits
- $0
- Filer's total
- $173,776
-
Colene Magera
Sr. VP of Branch Administration
- Total calculated
- $151,913
- From this org
- $151,913
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,754
- Bonus
- $13,536
- Other
- $622
- Deferred
- $10,643
- Nontaxable benefits
- $0
- Filer's total
- $162,555
-
Denise Teuscher
Board Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Steve Hammon
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Derik Nielsen
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Mike Ehlers
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca Adams
Director
- Total calculated
- $0
- Hours/week
- 2
-
Nathan Stevens
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tom Yearsley
Director
- Total calculated
- $0
- Hours/week
- 2
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
- 1a · Travel for companions
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Compensation survey or study
- 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)
- Schedule J, Part I, Line 1a
- Companion airfare is provided for travel to some credit union conferences. Health club membership dues are paid for senior and mid-management employees. The cost is less than $600 a year.
- Schedule J, Part I, Line 4
- Senior management and other managers participate in a 457(b) deferred compensation plan.
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
- 2022
- Filed
- 29 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331819349301413
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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