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Nonprofiteer
← COUNTY-CITY CREDIT UNION

Form 990 for tax year 2024

Filed by COUNTY-CITY CREDIT UNION.

Totals

Total revenue
$2,280,779
Total expenses
$1,719,093
Contributions and grants received
$15,000
Grants paid
$4,203
Program service revenue
$1,578,811
Investment income
$683,517
Other revenue
$3,451
Total assets, end of year
$38,747,929
Total liabilities, end of year
$34,500,887
Net assets or fund balances, end of year
$4,247,042
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 1f · All other contributions, gifts and grants

    $15,000

  • 2a · Program service revenue: INTEREST ON LOANS

    total $1,058,243 · related or exempt $1,058,243

  • 2b · Program service revenue: OTHER MEMBER RELATED REVENUE

    total $387,596 · related or exempt $387,596

  • 2c · Program service revenue: MEMBER FEE INCOME

    total $131,625 · related or exempt $131,625

  • 2d · Program service revenue: VEHICLE SERVICE INSURANCE

    total $1,055 · unrelated business $1,055

  • 2e · Program service revenue: CVR/DMV TITLE & REG FEES

    total $292 · unrelated business $292

  • 3 · Investment income

    total $683,417 · excluded $683,417

  • 5 · Royalties

    total $3,451 · excluded $3,451

  • 7a · Gross sales of assets other than inventory

    other assets $100

  • 7c · Gain or loss

    other assets $100

  • 7d · Net gain or loss

    total $100 · related or exempt $100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,203

  • 5 · Compensation of officers, directors and key employees

    total $165,595

  • 7 · Other salaries and wages

    total $465,350

  • 8 · Pension plan contributions

    total $55,460

  • 9 · Other employee benefits

    total $57,974

  • 10 · Payroll taxes

    total $58,211

  • 11b · Fees: legal

    total $475

  • 11c · Fees: accounting

    total $10,994

  • 11g · Fees: other

    total $9,585

  • 12 · Advertising and promotion

    total $10,202

  • 13 · Office expenses

    total $380,865

  • 14 · Information technology

    total $82,073

  • 16 · Occupancy

    total $27,679

  • 17 · Travel

    total $899

  • 19 · Conferences, conventions and meetings

    total $3,834

  • 20 · Interest

    total $8

  • 22 · Depreciation, depletion and amortization

    total $46,788

  • 23 · Insurance

    total $21,459

  • 24a · Other expenses: DIVIDENDS EXPENSE

    total $215,079

  • 24b · Other expenses: LOAN SERVICING

    total $71,451

  • 24c · Other expenses: CREDIT LOSS EXPENSE

    total $30,909

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $245,892 · end of year $611,878

  • 2 · Savings and temporary cash investments

    beginning of year $8,907,416 · end of year $9,586,514

  • 7 · Other notes and loans receivable

    beginning of year $18,377,941 · end of year $18,448,181

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,496 · end of year $51,337

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

    $1,025,217

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

    $784,551

  • 10c · Land, buildings and equipment, net

    beginning of year $266,708 · end of year $240,666

  • 13 · Investments: program-related

    beginning of year $10,375,714 · end of year $9,280,055

  • 15 · Other assets

    beginning of year $514,280 · end of year $529,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $861,593 · end of year $362,808

  • 21 · Escrow or custodial account liability

    beginning of year $53,887 · end of year $52,488

  • 25 · Other liabilities

    beginning of year $34,147,611 · end of year $34,085,591

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,685,356 · end of year $4,247,042

Mission and programs · 2024

Mission

TO HELP OUR MEMBERS MEET FINANCIAL CHALLENGES IN A RESPONSIVE, CONVENIENT, FRIENDLY AND CARING MANNER; AND TO HELP THEM FIND FINANCIAL SECURITY WITH COMPETITIVE PRODUCTS AND SERVICES.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 540 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 3,007 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 484 NEW LOANS DURING 2024. AS OF 12/31/24 WE HAD 1,329 LOANS RECEIVABLE.

As filed on the 2024 return.

Listed in Part VII

  • Beth Krahn

    PRESIDENT

    Total calculated
    $297,811
    From this org
    $287,120
    From related orgs
    $0
    Other
    $10,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $84,082
    Bonus
    $3,000
    Other
    $200,038
    Deferred
    $9,594
    Nontaxable benefits
    $1,097
    Filer's total
    $297,811

  • Denise Wild

    VICE PRESIDE

    Total calculated
    $105,234
    From this org
    $78,475
    From related orgs
    $0
    Other
    $26,759
    Hours/week
    40

  • Dale Lutz

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Andrew Bare

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Patty Achilli

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Diane Weinheimer-Webber

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Keith Meske

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Amanda Hauser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Misael Cortes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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 · Compensation committee
  • 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, PAGE 1, PART I, LINE 4
BETH KRAHN 0 200,000 0
SCHEDULE J, PART III
THE PRESIDENT RECEIVED A FULL DISTRIBUTION FROM HER 457(F)PLAN IN 2024.

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 April 2025
IRS schema version
2024v5.0
Source object
202531229349302043

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