Totals
- Total revenue
- $3,092,728
- Total expenses
- $2,202,524
- Contributions and grants received
- $0
- Grants paid
- $2,000
- Program service revenue
- $1,800,331
- Investment income
- $1,286,902
- Other revenue
- $5,495
- Total assets, end of year
- $64,693,688
- Total liabilities, end of year
- $55,802,685
- Net assets or fund balances, end of year
- $8,891,003
- 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.
-
2a · Program service revenue: INTEREST ON LOANS
total $1,670,428 · related or exempt $1,670,428
-
2b · Program service revenue: MEMBER FEE INCOME
total $115,414 · related or exempt $115,414
-
2c · Program service revenue: OTHER MEMBER RELATED REVENUE
total $14,039 · related or exempt $14,039
-
2d · Program service revenue: MECH REPAIR INSUR INCOME
total $450 · unrelated business $450
-
3 · Investment income
total $1,290,332 · excluded $1,290,332
-
5 · Royalties
total $5,495 · excluded $5,495
-
7a · Gross sales of assets other than inventory
other assets $11,000
-
7b · Less cost or other basis and sales expenses
other assets $14,430
-
7c · Gain or loss
other assets -$3,430
-
7d · Net gain or loss
total -$3,430 · related or exempt -$3,430
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,000
-
5 · Compensation of officers, directors and key employees
total $237,471
-
7 · Other salaries and wages
total $241,284
-
8 · Pension plan contributions
total $38,533
-
9 · Other employee benefits
total $56,628
-
10 · Payroll taxes
total $38,760
-
11c · Fees: accounting
total $27,821
-
12 · Advertising and promotion
total $38,493
-
13 · Office expenses
total $132,732
-
14 · Information technology
total $52,755
-
16 · Occupancy
total $23,517
-
17 · Travel
total $6,761
-
19 · Conferences, conventions and meetings
total $6,225
-
20 · Interest
total $84
-
22 · Depreciation, depletion and amortization
total $12,217
-
23 · Insurance
total $21,622
-
24a · Other expenses: DIVIDENDS EXPENSE
total $1,134,323
-
24b · Other expenses: LOAN SERVICING
total $127,298
-
24c · Other expenses: CREDIT LOSS EXPENSE
total $4,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $312,357 · end of year $306,217
-
2 · Savings and temporary cash investments
beginning of year $10,982,561 · end of year $13,789,690
-
7 · Other notes and loans receivable
beginning of year $26,646,588 · end of year $27,506,926
-
9 · Prepaid expenses and deferred charges
beginning of year $60,298 · end of year $49,139
-
10a · Land, buildings and equipment: cost or other basis
$1,051,761
-
10b · Land, buildings and equipment: accumulated depreciation
$927,048
-
10c · Land, buildings and equipment, net
beginning of year $131,356 · end of year $124,713
-
13 · Investments: program-related
beginning of year $21,095,614 · end of year $22,174,668
-
15 · Other assets
beginning of year $723,358 · end of year $742,335
-
17 · Accounts payable and accrued expenses
beginning of year $493,054 · end of year $440,857
-
25 · Other liabilities
beginning of year $51,458,279 · end of year $55,361,828
-
31 · Retained earnings, endowment or other funds
beginning of year $8,000,799 · end of year $8,891,003
Mission and programs · 2025
Mission
TO PROVIDE MEMBER-OWNERS A SOUND FINANCIAL ENVIRONMENT WHILE MAINTAINING A PERSONAL LEVEL OF SERVICE WITH A HIGH LEVEL OF QUALITY AND EFFICIENCY.
-
THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 161 NEW DEPOSIT ACCOUNTS IN 2025. AS OF 12/31/25 WE HAD 3,993 MEMBERS.
-
THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 748 NEW LOANS TO OUR MEMBERS DURING 2025. AS OF 12/31/25 WE HAD 2,168 LOANS TO OUR MEMBERS.
As filed on the 2025 return.
Listed in Part VII
-
Matt MarasMATT MARAS
PRESIDENT /
- Total calculated
- $172,272
- From this org
- $157,786
- From related orgs
- $0
- Other
- $14,486
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $145,882
- Bonus
- $10,000
- Other
- $1,904
- Deferred
- $14,486
- Nontaxable benefits
- not reported
- Filer's total
- $172,272
-
David SchroederDAVID SCHROEDER
VICE PRESIDE
- Total calculated
- $103,231
- From this org
- $79,685
- From related orgs
- $0
- Other
- $23,546
- Hours/week
- 42
-
C Thayne NordlandC THAYNE NORDLAND
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Steve GuenthnerSTEVE GUENTHNER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Grace SteilGRACE STEIL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Leon HellicksonLEON HELLICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve BowronSTEVE BOWRON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay WaltmanJAY WALTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ron TimmRON TIMM
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
- 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
- MATT MARAS 0 3,529 0
- SCHEDULE J, PART III
- THE CREDIT UNION PROVIDES A 457 F PLAN FOR THE PRESIDENT. THE PRESIDENT DOES NOT CONTRIBUTE TO THE PLAN. THE CREDIT UNION CONTRIBUTION FOR THIS YEAR IS SHOWN ABOVE.
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
- 2025
- Filed
- 27 March 2026
- IRS schema version
- 2025v4.0
- Source object
- 202630919349301608
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