Totals
- Total revenue
- $15,425,844
- Total expenses
- $15,723,923
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $13,642,300
- Investment income
- $1,747,844
- Other revenue
- $35,700
- Total assets, end of year
- $259,160,000
- Total liabilities, end of year
- $244,055,244
- Net assets or fund balances, end of year
- $15,104,756
- Program services expenses (Part IX)
- $15,723,923
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $15,723,923
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: LOAN INTEREST INCOME
total $10,663,202 · related or exempt $10,663,202 · unrelated business $0 · excluded $0
-
2b · Program service revenue: PROGRAM FEES
total $2,979,098 · related or exempt $2,979,098 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,747,844 · related or exempt $1,747,844 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $35,700 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $35,700 · personal property $0
-
6d · Net rental income or loss
total $35,700 · related or exempt $35,700 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $3,272,377 · program services $3,272,377
-
5 · Compensation of officers, directors and key employees
total $797,579 · program services $797,579
-
6 · Compensation of disqualified persons
total $0 · program services $0
-
7 · Other salaries and wages
total $3,094,835 · program services $3,094,835
-
8 · Pension plan contributions
total $206,849 · program services $206,849
-
9 · Other employee benefits
total $884,736 · program services $884,736
-
10 · Payroll taxes
total $317,958 · program services $317,958
-
11a · Fees: management
total $0 · program services $0
-
11b · Fees: legal
total $239,680 · program services $239,680
-
11c · Fees: accounting
total $14,593 · program services $14,593
-
11d · Fees: lobbying
total $0 · program services $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0
-
11g · Fees: other
total $1,780,108 · program services $1,780,108
-
12 · Advertising and promotion
total $227,498 · program services $227,498
-
13 · Office expenses
total $312,328 · program services $312,328
-
14 · Information technology
total $622,460 · program services $622,460
-
15 · Royalties
total $0 · program services $0
-
16 · Occupancy
total $375,224 · program services $375,224
-
17 · Travel
total $111,153 · program services $111,153
-
18 · Travel or entertainment for public officials
total $0 · program services $0
-
19 · Conferences, conventions and meetings
total $10,018 · program services $10,018
-
20 · Interest
total $632 · program services $632
-
21 · Payments to affiliates
total $0 · program services $0
-
22 · Depreciation, depletion and amortization
total $534,312 · program services $534,312
-
23 · Insurance
total $80,255 · program services $80,255
-
24a · Other expenses: PROVISION EXPENSE
total $1,838,413 · program services $1,838,413 · management and general $0 · fundraising $0
-
24b · Other expenses: LOAN SERVICING EXPENSE
total $927,646 · program services $927,646 · management and general $0 · fundraising $0
-
24e · All other expenses
total $75,269 · program services $75,269
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,779,753 · end of year $922,197
-
2 · Savings and temporary cash investments
beginning of year $8,769,948 · end of year $16,422,191
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $3,939,223 · end of year $4,141,370
-
5 · Loans and receivables from officers and key people
beginning of year $693,405 · end of year $558,169
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $187,458,166 · end of year $189,584,778
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $364,128 · end of year $406,285
-
10a · Land, buildings and equipment: cost or other basis
$13,500,176
-
10b · Land, buildings and equipment: accumulated depreciation
$5,252,631
-
10c · Land, buildings and equipment, net
beginning of year $7,862,903 · end of year $8,247,545
-
11 · Investments: publicly traded securities
beginning of year $27,931,845 · end of year $32,704,421
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $6,408,490 · end of year $6,173,044
-
17 · Accounts payable and accrued expenses
beginning of year $1,092,057 · end of year $822,073
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $229,068,423 · end of year $243,233,171
-
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 $15,047,381 · end of year $15,104,756
Mission and programs · 2024
Mission
THE PURPOSE OF THIS CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS BY AFFORDING THEM AN OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS, TO CREATE FOR THEM A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES AT A REASONABLE RATE OF INTEREST, AND TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY FOR THEIR MUTUAL BENEFIT.
Activities or mission (Part I)
PROVIDING FINANCIAL SERVICES
-
THE PURPOSE OF THIS CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS BY AFFORDING THEM AN OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS, TO CREATE FOR THEM A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES AT A REASONABLE RATE OF INTEREST, AND TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY FOR THEIR MUTUAL BENEFIT.
Expenses $15,723,923
As filed on the 2024 return.
Listed in Part VII
-
Brett A SmithBRETT A SMITH
CEO
- Total calculated
- $564,250
- From this org
- $282,125
- From related orgs
- $0
- Other
- $282,125
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $277,083
- Bonus
- $27,067
- Other
- $319
- Deferred
- $16,740
- Nontaxable benefits
- $7,872
- Filer's total
- $329,081
-
David MacLeanDAVID MACLEAN
CFO
- Total calculated
- $387,212
- From this org
- $193,606
- From related orgs
- $0
- Other
- $193,606
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $176,817
- Bonus
- $16,362
- Other
- $426
- Deferred
- $9,068
- Nontaxable benefits
- $0
- Filer's total
- $202,673
-
Nathan D CobbNATHAN D COBB
COO
- Total calculated
- $342,676
- From this org
- $171,338
- From related orgs
- $0
- Other
- $171,338
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $160,769
- Bonus
- $15,813
- Other
- $190
- Deferred
- $3,515
- Nontaxable benefits
- $5,433
- Filer's total
- $185,720
-
Randy ButlerRANDY BUTLER
SVP OF RETAIL
- Total calculated
- $301,018
- From this org
- $150,509
- From related orgs
- $0
- Other
- $150,509
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $150,509
- Bonus
- $0
- Other
- $143
- Deferred
- $14,851
- Nontaxable benefits
- $0
- Filer's total
- $165,503
-
Jeff TaftJEFF TAFT
CHAIRMAN/BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 3
-
Jack MitchellJACK MITCHELL
VICE CHAIR/DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Robert ReardonROBERT REARDON
TREASURER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Benjamin DruggBENJAMIN DRUGG
SECREATRY/DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
John PadgettJOHN PADGETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Timothy AndersonTIMOTHY ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Meghan HansonMEGHAN HANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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 · Independent compensation consultant
- 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
- 2024
- Filed
- 30 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202523099349302267
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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