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← CREDIT UNION TRUST

Form 990 for tax year 2022

Filed by CREDIT UNION TRUST.

Totals

Total revenue
$49,190,963
Total expenses
$44,763,724
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$48,609,187
Investment income
$323,342
Other revenue
$258,434
Total assets, end of year
$30,658,690
Total liabilities, end of year
$5,143,301
Net assets or fund balances, end of year
$25,515,389
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: EMPLOYER CONTRIBUTIONS

    total $48,394,550 · related or exempt $48,394,550

  • 2b · Program service revenue: COBRA CONTRIBUTIONS

    total $214,637 · related or exempt $214,637

  • 3 · Investment income

    total $323,342 · excluded $323,342

  • 11a · Other revenue: FEDERAL AND STATE INCOME TAX REFU

    total $258,434 · excluded $258,434

  • 11e · Other revenue, total

    $258,434

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $38,520,464

  • 11b · Fees: legal

    total $100,661

  • 11c · Fees: accounting

    total $20,950

  • 23 · Insurance

    total $35,574

  • 24a · Other expenses: ADMINISTRATIVE EXPENSE

    total $3,543,702

  • 24b · Other expenses: PREMIUMS

    total $2,441,299

  • 24c · Other expenses: OTHER PROFESSIONAL FEES

    total $96,420

  • 24d · Other expenses: TRUSTEE FEES

    total $4,654

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $24,727,562 · end of year $27,472,797

  • 4 · Accounts receivable

    beginning of year $2,489,969 · end of year $3,163,809

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,948 · end of year $22,084

  • 17 · Accounts payable and accrued expenses

    beginning of year $209,426 · end of year $51,785

  • 25 · Other liabilities

    beginning of year $5,954,903 · end of year $5,091,516

  • 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 $21,088,150 · end of year $25,515,389

Mission and programs · 2022

Mission

THE TRUST IS A "MULTIPLE EMPLOYER WELFARE ARRANGEMENT" AS DEFINED IN SECTION 3(40) OF ERISA. ITS MISSION IS TO ENABLE ELIGIBLE EMPLOYERS TO PROVIDE OR MAKE AVAILABLE WELFARE BENEFIT COVERAGES TO THEIR ELIGIBLE EMPLOYEES AND SUCH EMPLOYEES' ELIGIBLE DEPENDENTS.

Activities or mission (Part I)

SELF-FUNDED MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) FOR INDIANA CREDIT UNIONS WITH EXPANSION TO KENTUCKY CREDIT UNIONS APPROVED.

  • THE SOLE PURPOSE AND ACTIVITY OF THE TRUST IS TO PROVIDE HEALTH AND WELFARE RELATED BENEFITS TO ELIGIBLE PARTICIPANTS OF THE CREDIT UNION CONSORTIUM HEALTH PLAN.

As filed on the 2022 return.

Listed in Part VII

  • Lori Eltzroth

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paul Obermeyer

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brett Rinker

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Baggett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Becky Anthony

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Katherine Beauchamp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jamie Stainbrook

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Newett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dave Shuey

    TRUSTEE

    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.

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.

  • CREDIT UNION CONSORTIUM

    C · ESTABLISH ONE OR MORE EMPLOYEE BENEFIT PLANS SUBJECT TO ERISA · IN

Provenance

Return type
form_990
Tax year
2022
Filed
18 May 2023
IRS schema version
2022v5.0
Source object
202331819349300533

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