Totals
- Total revenue
- $1,536,525
- Total expenses
- $1,218,178
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,009,344
- Investment income
- $518,953
- Other revenue
- $8,228
- Total assets, end of year
- $30,169,869
- Total liabilities, end of year
- $25,974,328
- Net assets or fund balances, end of year
- $4,195,541
- 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: INTEREST FROM LOANS
total $847,332 · related or exempt $847,332
-
2b · Program service revenue: FEES
total $162,012 · related or exempt $162,012
-
3 · Investment income
total $518,953 · excluded $518,953
-
11a · Other revenue: MISC OPERATING INCOME
total $8,228 · related or exempt $8,228
-
11e · Other revenue, total
$8,228
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $138,962
-
7 · Other salaries and wages
total $360,828
-
8 · Pension plan contributions
total $26,821
-
9 · Other employee benefits
total $53,268
-
10 · Payroll taxes
total $35,103
-
11b · Fees: legal
total $320
-
11c · Fees: accounting
total $28,500
-
11g · Fees: other
total $121,872
-
12 · Advertising and promotion
total $2,496
-
13 · Office expenses
total $14,046
-
14 · Information technology
total $20,700
-
17 · Travel
total $4,100
-
20 · Interest
total $161,699
-
22 · Depreciation, depletion and amortization
total $18,098
-
24a · Other expenses: CREDIT CARD EXPENSES
total $73,676
-
24b · Other expenses: SURETY BOND
total $27,898
-
24c · Other expenses: BANK FEES
total $18,252
-
24d · Other expenses: FURN/EQUIP MAINTENANCE
total $17,990
-
24e · All other expenses
total $93,549
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,578,331 · end of year $2,424,807
-
2 · Savings and temporary cash investments
beginning of year $175,081 · end of year $175,081
-
4 · Accounts receivable
beginning of year $79,455 · end of year $82,804
-
7 · Other notes and loans receivable
beginning of year $12,863,183 · end of year $14,112,973
-
9 · Prepaid expenses and deferred charges
beginning of year $72,177 · end of year $53,217
-
10a · Land, buildings and equipment: cost or other basis
$756,855
-
10b · Land, buildings and equipment: accumulated depreciation
$743,710
-
10c · Land, buildings and equipment, net
beginning of year $22,423 · end of year $13,145
-
13 · Investments: program-related
beginning of year $13,647,936 · end of year $13,001,463
-
15 · Other assets
beginning of year $306,001 · end of year $306,379
-
17 · Accounts payable and accrued expenses
beginning of year $81,144 · end of year $173,806
-
25 · Other liabilities
beginning of year $28,772,745 · end of year $25,800,522
-
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 $3,890,698 · end of year $4,195,541
Mission and programs · 2023
Mission
TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS WITH SAVINGS AND CHECKING DEPOSIT ACCOUNTS, LOANS TO MEMBERS AND ELECTRONIC SERVICES TO MEMBERS TO FACILITATE FINANCIAL SERVICES.
Activities or mission (Part I)
PROVIDE FINANCIAL SERVICES TO THE MEMBERS OF THE CREDIT UNION
-
2,941 MEMBERS PROVIDED WITH FINANCIAL ACCOUNTS TOTALING $25,800,522 IN DEPOSITS. 1,911 MEMBER LOANS TOTALING $14,298,929 IN OUTSTANDING LOANS.PROVIDED ELECTRONIC SERVICES TO THESE MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Alexander MeyerALEXANDER MEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert FerberROBERT FERBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William Drum JrWILLIAM DRUM JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul Dale JrPAUL DALE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rose SipeROSE SIPE
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Jean GayJEAN GAY
VICE-CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Dale SherrillDALE SHERRILL
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Steve VadenSTEVE VADEN
MANAGER/CEO
- Total calculated
- $44,553
- From this org
- $41,387
- From related orgs
- $0
- Other
- $3,166
- Hours/week
- 40
-
Marc JacobsonMARC JACOBSON
MANAGING OFFICER
- Total calculated
- $98,308
- From this org
- $92,534
- From related orgs
- $0
- Other
- $5,774
- 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.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
COMMSCOPE INC
C · MANUFACTURING OF CABLE FOR ELECTRICAL & OPTICAL SYSTEMS · NC
-
CPI SATCOM & ANTENNA TECHNOLOGIES
C · MANUFACTURING OF SATELLITE COMMUNCATIONS, ANTENNA SYSTEMS, AND RADIO PRODUCT · DE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441289349302869
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