Totals
- Total revenue
- $6,751,580
- Total expenses
- $6,118,989
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $6,410,965
- Investment income
- $340,615
- Other revenue
- $0
- Total assets, end of year
- $120,631,661
- Total liabilities, end of year
- $111,408,699
- Net assets or fund balances, end of year
- $9,222,962
- Program services expenses (Part IX)
- $6,118,989
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,118,989
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 $4,919,786 · related or exempt $4,919,786
-
2b · Program service revenue: OTHER INCOME
total $1,491,179 · related or exempt $1,491,179
-
3 · Investment income
total $340,615 · related or exempt $340,615
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $658,619 · program services $658,619
-
7 · Other salaries and wages
total $1,082,780 · program services $1,082,780
-
8 · Pension plan contributions
total $670,253 · program services $670,253
-
11g · Fees: other
total $477,234 · program services $477,234
-
12 · Advertising and promotion
total $166,177 · program services $166,177
-
13 · Office expenses
total $217,440 · program services $217,440
-
16 · Occupancy
total $287,755 · program services $287,755
-
17 · Travel
total $18,408 · program services $18,408
-
20 · Interest
total $1,709,986 · program services $1,709,986
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $151,802 · program services $151,802
-
24b · Other expenses: ASSOCIATION DUES
total $7,446 · program services $7,446
-
24c · Other expenses: LOAN SERVICING
total $635,618 · program services $635,618
-
24d · Other expenses: MISCELLANEOUS
total $35,471 · program services $35,471
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,552,853 · end of year $901,507
-
2 · Savings and temporary cash investments
beginning of year $8,745,781 · end of year $6,907,169
-
5 · Loans and receivables from officers and key people
beginning of year $1,258,473 · end of year $1,801,734
-
7 · Other notes and loans receivable
beginning of year $89,864,696 · end of year $90,913,964
-
9 · Prepaid expenses and deferred charges
beginning of year $3,629,335 · end of year $3,663,493
-
10a · Land, buildings and equipment: cost or other basis
$4,986,216
-
10b · Land, buildings and equipment: accumulated depreciation
$3,103,176
-
10c · Land, buildings and equipment, net
beginning of year $1,273,991 · end of year $1,883,040
-
11 · Investments: publicly traded securities
beginning of year $10,305,267 · end of year $9,835,451
-
12 · Investments: other securities
beginning of year $3,201,920 · end of year $3,228,419
-
15 · Other assets
beginning of year $1,628,102 · end of year $1,496,884
-
17 · Accounts payable and accrued expenses
beginning of year $795,690 · end of year $542,218
-
24 · Unsecured notes and loans payable
beginning of year $1,000,940
-
25 · Other liabilities
beginning of year $111,086,236 · end of year $110,866,481
-
31 · Retained earnings, endowment or other funds
beginning of year $8,577,552 · end of year $9,222,962
Mission and programs · 2023
Mission
DAY MET CREDIT UNION, INC. 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 2023.
Expenses $6,118,989
-
PROVIDING FINANCIAL SERVICES TO CREDIT UNION MEMBERS. WE PROVIDED CHECKING ACCOUNTS; SAVINGS ACCOUNTS; MONEY MARKET ACCOUNTS; CERTIFICATES OF DEPOSIT; RETIREMENT ACCOUNTS; AND OTHER ACCOUNTS IN 2023.
As filed on the 2023 return.
Listed in Part VII
-
Zachary ClarkZACHARY CLARK
CHEIF OPERATIONS OFFICER
- Total calculated
- $248,008
- From this org
- $141,768
- From related orgs
- $0
- Other
- $106,240
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,881
- Bonus
- $20,640
- Other
- $247
- Deferred
- $100,000
- Nontaxable benefits
- $6,240
- Filer's total
- $248,008
-
Steven ShoreSTEVEN SHORE
PRESIDENTCEO
- Total calculated
- $242,132
- From this org
- $231,829
- From related orgs
- $0
- Other
- $10,303
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,947
- Bonus
- $27,113
- Other
- $2,769
- Deferred
- not reported
- Nontaxable benefits
- $10,303
- Filer's total
- $242,132
-
Jaime CrooksJAIME CROOKS
CHIEF MARKETING OFFICER
- Total calculated
- $118,342
- From this org
- $112,701
- From related orgs
- $0
- Other
- $5,641
- Hours/week
- 40
-
Christopher SadlierCHRISTOPHER SADLIER
DIRECTOR OF FINANCE
- Total calculated
- $81,156
- From this org
- $77,531
- From related orgs
- $0
- Other
- $3,625
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $66,835
- Bonus
- $9,542
- Other
- $1,154
- Deferred
- not reported
- Nontaxable benefits
- $3,625
- Filer's total
- $81,156
-
Carla MarquetteCARLA MARQUETTE
VP FINANCE
- Total calculated
- $77,219
- From this org
- $76,018
- From related orgs
- $0
- Other
- $1,201
- Hours/week
- 40
-
Adam RandallADAM RANDALL
VP FINANCE
- Total calculated
- $18,773
- From this org
- $18,773
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $18,750
- Bonus
- not reported
- Other
- $23
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $18,773
-
Tyrone McGuffeyTYRONE MCGUFFEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Ann KabelMARY ANN KABEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike RogersMIKE ROGERS
CHAIRPERSON OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Amelia LawAMELIA LAW
VICE CHAIRPERSON OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Jessica OsbourneJESSICA OSBOURNE
TREASURERFINANCIAL SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Andrew StallardANDREW 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
- 2023
- Filed
- 10 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433189349303033
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