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Nonprofiteer
← STATE POLICE CREDIT UNION INC

Form 990 for tax year 2022

Filed by STATE POLICE CREDIT UNION INC.

Totals

Total revenue
$2,003,273
Total expenses
$1,525,495
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$913,885
Investment income
$1,089,388
Other revenue
$0
Total assets, end of year
$80,987,573
Total liabilities, end of year
$70,697,715
Net assets or fund balances, end of year
$10,289,858
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 ON MORTGAGES

    total $595,185 · related or exempt $595,185

  • 2b · Program service revenue: FEES AND CHARGES

    total $155,086 · related or exempt $155,086

  • 2c · Program service revenue: INTEREST ON MEMBERS LOANS

    total $98,497 · related or exempt $98,497

  • 2d · Program service revenue: INTEREST ON VISA CARDS

    total $48,616 · related or exempt $48,616

  • 2e · Program service revenue: MISCELLANEOUS

    total $16,393 · related or exempt $16,393

  • 2f · All other program service revenue

    total $108 · related or exempt $108

  • 3 · Investment income

    total $880,772 · excluded $880,772

  • 7a · Gross sales of assets other than inventory

    securities $11,040,268

  • 7b · Less cost or other basis and sales expenses

    securities $10,831,652

  • 7c · Gain or loss

    securities $208,616

  • 7d · Net gain or loss

    total $208,616 · excluded $208,616

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $298,025

  • 7 · Other salaries and wages

    total $232,593

  • 8 · Pension plan contributions

    total $35,281

  • 9 · Other employee benefits

    total $126,006

  • 10 · Payroll taxes

    total $37,144

  • 11c · Fees: accounting

    total $28,050

  • 12 · Advertising and promotion

    total $47,524

  • 13 · Office expenses

    total $206,517

  • 14 · Information technology

    total $148,813

  • 16 · Occupancy

    total $103,022

  • 19 · Conferences, conventions and meetings

    total $3,572

  • 20 · Interest

    total $148,263

  • 22 · Depreciation, depletion and amortization

    total $3,552

  • 23 · Insurance

    total $23,056

  • 24a · Other expenses: LOAN SERVICING

    total $67,582

  • 24b · Other expenses: MISC EXPENSE

    total $16,495

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $236,020 · end of year $241,086

  • 2 · Savings and temporary cash investments

    beginning of year $2,277,650 · end of year $1,767,437

  • 4 · Accounts receivable

    beginning of year $105,457 · end of year $120,560

  • 7 · Other notes and loans receivable

    beginning of year $19,744,711 · end of year $20,687,376

  • 9 · Prepaid expenses and deferred charges

    beginning of year $712,326 · end of year $728,518

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

    $183,302

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

    $178,454

  • 10c · Land, buildings and equipment, net

    beginning of year $9,475 · end of year $4,848

  • 11 · Investments: publicly traded securities

    beginning of year $27,473,942 · end of year $28,507,508

  • 12 · Investments: other securities

    beginning of year $26,201,100 · end of year $28,183,100

  • 15 · Other assets

    beginning of year $34,000 · end of year $747,140

  • 17 · Accounts payable and accrued expenses

    beginning of year $258,592 · end of year $512,204

  • 25 · Other liabilities

    beginning of year $65,798,478 · end of year $70,185,511

  • 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 $10,737,611 · end of year $10,289,858

Mission and programs · 2022

Mission

AS A TRUSTED PARTNER, STATE POLICE CREDIT UNION IMPROVES MEMBERS' FINANCIAL WELL-BEING THROUGH FINANCIAL SOLUTIONS AND EDUCATION.

Activities or mission (Part I)

PROVIDE CREDIT UNION SERVICES.

  • PROVIDE CREDIT UNION SERVICES.

As filed on the 2022 return.

Listed in Part VII

  • Robert Grega

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • J Paul Vance

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • John Kolosky

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Charles Kelly

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Donald Geschimsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Geoffrey Ice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Johannes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Samantha McCord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Parisi

    SUPERVISORY COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony Villanueva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leonard Widener

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Graham

    PRESIDENT/CEO

    Total calculated
    $150,457
    From this org
    $117,189
    From related orgs
    $0
    Other
    $33,268
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $117,189
    Bonus
    $0
    Other
    $0
    Deferred
    $14,038
    Nontaxable benefits
    $19,230
    Filer's total
    $150,457

  • John Gasiorowski

    CFO

    Total calculated
    $147,568
    From this org
    $107,860
    From related orgs
    $0
    Other
    $39,708
    Hours/week
    37.5

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 survey or study
  • 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
19 April 2023
IRS schema version
2022v5.0
Source object
202331159349300003

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