Totals
- Total revenue
- $8,387,451
- Total expenses
- $7,430,806
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $7,645,555
- Investment income
- $741,896
- Other revenue
- $0
- Total assets, end of year
- $198,460,275
- Total liabilities, end of year
- $184,726,284
- Net assets or fund balances, end of year
- $13,733,991
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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 $4,465,159 · related or exempt $4,465,159
-
2b · Program service revenue: FEES/CHARGES
total $3,180,396 · related or exempt $3,165,478 · unrelated business $14,918
-
3 · Investment income
total $741,896 · excluded $741,896
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $450,821
-
5 · Compensation of officers, directors and key employees
total $699,298
-
7 · Other salaries and wages
total $1,355,865
-
8 · Pension plan contributions
total $182,684
-
9 · Other employee benefits
total $481,129
-
10 · Payroll taxes
total $177,894
-
11b · Fees: legal
total $4,418
-
11c · Fees: accounting
total $50,936
-
13 · Office expenses
total $1,481,519
-
16 · Occupancy
total $292,300
-
17 · Travel
total $58,625
-
20 · Interest
total $90,319
-
22 · Depreciation, depletion and amortization
total $303,386
-
24a · Other expenses: PROFESSIONAL & OUTSIDE
total $868,139
-
24b · Other expenses: MISC. OPERATING
total $253,650
-
24c · Other expenses: LOAN SERVICING
total $232,596
-
24d · Other expenses: PROVISION FOR LOAN & LE
total $225,267
-
24e · All other expenses
total $221,960
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,957,744 · end of year $3,768,858
-
2 · Savings and temporary cash investments
beginning of year $3,934,805 · end of year $2,636,182
-
4 · Accounts receivable
beginning of year $828,431 · end of year $1,838,676
-
5 · Loans and receivables from officers and key people
beginning of year $2,481,580 · end of year $2,419,783
-
7 · Other notes and loans receivable
beginning of year $122,091,362 · end of year $136,916,138
-
9 · Prepaid expenses and deferred charges
beginning of year $198,452 · end of year $183,374
-
10a · Land, buildings and equipment: cost or other basis
$8,256,755
-
10b · Land, buildings and equipment: accumulated depreciation
$4,727,737
-
10c · Land, buildings and equipment, net
beginning of year $3,841,608 · end of year $3,529,018
-
11 · Investments: publicly traded securities
beginning of year $33,653,234 · end of year $26,599,204
-
13 · Investments: program-related
beginning of year $15,065,100 · end of year $18,063,800
-
15 · Other assets
beginning of year $3,060,575 · end of year $2,505,242
-
17 · Accounts payable and accrued expenses
beginning of year $2,563,985 · end of year $2,886,934
-
23 · Secured mortgages and notes payable
end of year $5,700,000
-
25 · Other liabilities
beginning of year $168,957,994 · end of year $176,139,350
-
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 $16,590,912 · end of year $13,733,991
Mission and programs · 2022
Mission
TO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS OF MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES.
Activities or mission (Part I)
FINANCIAL SERVICES TO MEMBER OWNERS
-
TO PROVIDE LOANS TO MEMBERS AND TO PAY DIVIDENDS ON MEMBER SHARE ACCOUNTS, SHAREDRAFT ACCOUNTS AND CERTIFICATES.
As filed on the 2022 return.
Listed in Part VII
-
Sheri DankertSHERI DANKERT
BOARD MEMBER
- Total calculated
- $523
- From this org
- $523
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Marisa NageleMARISA NAGELE
BOARD VICE-CHAIR
- Total calculated
- $425
- From this org
- $425
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Gordy KuehneGORDY KUEHNE
BOARD CHAIRMAN
- Total calculated
- $557
- From this org
- $557
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Matt CizikMATT CIZIK
BOARD MEMBER
- Total calculated
- $463
- From this org
- $463
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Rayce HardyRAYCE HARDY
BOARD MEMBER
- Total calculated
- $506
- From this org
- $506
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Darrell IngvaldsonDARRELL INGVALDSON
BOARD MEMBER
- Total calculated
- $425
- From this org
- $425
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Peter FerrellPETER FERRELL
SUP CHAIR
- Total calculated
- $1,057
- From this org
- $1,057
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jim KruegerJIM KRUEGER
SUP MEMBER
- Total calculated
- $255
- From this org
- $255
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Sara WhiteSARA WHITE
BOARD MEMBER
- Total calculated
- $357
- From this org
- $357
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Kirby ReepingKIRBY REEPING
SUP MEMBER
- Total calculated
- $319
- From this org
- $319
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Paul KnorrPAUL KNORR
CEO
- Total calculated
- $288,152
- From this org
- $231,275
- From related orgs
- $0
- Other
- $56,877
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $208,249
- Bonus
- $23,026
- Other
- $0
- Deferred
- $19,050
- Nontaxable benefits
- $37,827
- Filer's total
- $288,152
-
Lyndsey JohnsonLYNDSEY JOHNSON
CFO
- Total calculated
- $120,635
- From this org
- $108,773
- From related orgs
- $0
- Other
- $11,862
- Hours/week
- 40
-
Kim SchroederKIM SCHROEDER
VP - OPERATIONS
- Total calculated
- $144,136
- From this org
- $106,592
- From related orgs
- $0
- Other
- $37,544
- Hours/week
- 40
-
Brad HjellmingBRAD HJELLMING
VP- LENDING
- Total calculated
- $141,488
- From this org
- $103,301
- From related orgs
- $0
- Other
- $38,187
- Hours/week
- 40
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 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
- 10 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331359349306898
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