Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $68,017,493 · related or exempt $68,017,493

• 2b · Program service revenue: OTHER OPERATING INCOME

  total $15,610,065 · related or exempt $15,610,065

• 2c · Program service revenue: FEES

  total $6,647,609 · related or exempt $6,647,609

• 2d · Program service revenue: SALES OF LOANS AND LEASES

  total $14,685 · related or exempt $14,685

• 3 · Investment income

  total $5,423,585 · excluded $5,423,585

• 7a · Gross sales of assets other than inventory

  other assets $120,882

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

  securities $260,475 · other assets $70,969

• 7c · Gain or loss

  securities -$260,475 · other assets $49,913

• 7d · Net gain or loss

  total -$210,562 · excluded -$210,562

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $25,012

• 5 · Compensation of officers, directors and key employees

  total $1,627,984

• 7 · Other salaries and wages

  total $18,306,753

• 8 · Pension plan contributions

  total $2,970,605

• 9 · Other employee benefits

  total $3,969,232

• 10 · Payroll taxes

  total $1,392,673

• 11b · Fees: legal

  total $11,452

• 11c · Fees: accounting

  total $142,015

• 11g · Fees: other

  total $1,454,921

• 12 · Advertising and promotion

  total $4,589,755

• 13 · Office expenses

  total $3,344,200

• 14 · Information technology

  total $3,469,592

• 16 · Occupancy

  total $1,963,159

• 17 · Travel

  total $201,705

• 19 · Conferences, conventions and meetings

  total $622,175

• 22 · Depreciation, depletion and amortization

  total $1,372,128

• 24a · Other expenses: DIVIDENDS AND INTEREST

  total $17,967,911

• 24b · Other expenses: LOAN SERVICING EXPENSE

  total $9,534,068

• 24c · Other expenses: PROVISION FOR LOAN LOSS

  total $5,673,327

• 24d · Other expenses: MEMBER INSURANCE

  total $532,213

• 24e · All other expenses

  total $1,976,418

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,181,824 · end of year $4,070,057

• 2 · Savings and temporary cash investments

  beginning of year $222,928,885 · end of year $110,065,125

• 7 · Other notes and loans receivable

  beginning of year $1,725,998,122 · end of year $1,778,707,090

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

  $36,655,022

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

  $15,055,709

• 10c · Land, buildings and equipment, net

  beginning of year $7,099,876 · end of year $21,599,313

• 12 · Investments: other securities

  beginning of year $494,877,328 · end of year $469,169,647

• 15 · Other assets

  beginning of year $110,116,756 · end of year $125,150,072

• 17 · Accounts payable and accrued expenses

  beginning of year $24,281,334 · end of year $26,108,824

• 25 · Other liabilities

  beginning of year $2,266,580,252 · end of year $2,212,233,468

• 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 $274,341,205 · end of year $270,419,012

The filer's explanations (Part III)

PART I, LINE 1A

SPOUSE (OR GUEST) EXPENSE. THE SPOUSE OR GUEST OF EACH DIRECTOR, VOLUNTEER AND APCU OFFICER IS ENCOURAGED TO ATTEND APCU FUNCTIONS. APCU WILL PAY EXPENSES FOR THIS PERSON TO INCLUDE THE FOLLOWING BUT NOT LIMITED TO ALL TRAVEL, FOOD, LODGING, REGISTRATION, INCIDENTAL EXPENSES AND ENTERTAINMENT.

PART I, LINE 4B

HIGHLY-COMPENSATED EMPLOYEE RICHARD MCCALL PARTICIPATED IN A SECTION 457 PLAN WITH AN EMPLOYER CONTRIBUTION OF $11,676.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• THE CREDIT UNION LOAN SOURCE LLC

  C · ORIGINATES LOANS · GA · 25% owned · share of income $3,344,085 · share of assets $44,970,177