Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: FEE INCOME

  total $6,740,080 · related or exempt $6,740,080

• 2b · Program service revenue: OTHER INCOME

  total $816,117 · related or exempt $816,117

• 2c · Program service revenue: EQUITY IN EARNINGS FROM CUSO

  total $284,768 · related or exempt $284,768

• 2d · Program service revenue: INTEREST ON LOANS

  total $203,970 · related or exempt $203,970

• 3 · Investment income

  total $93,874,461 · related or exempt $93,874,461

• 7a · Gross sales of assets other than inventory

  securities $6,004,624

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

  securities $5,972,030

• 7c · Gain or loss

  securities $32,594

• 7d · Net gain or loss

  total $32,594 · related or exempt $32,594

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $949,083

• 7 · Other salaries and wages

  total $3,057,572

• 8 · Pension plan contributions

  total $121,578

• 9 · Other employee benefits

  total $403,367

• 10 · Payroll taxes

  total $272,591

• 11c · Fees: accounting

  total $78,825

• 11g · Fees: other

  total $1,323,608

• 12 · Advertising and promotion

  total $99,837

• 13 · Office expenses

  total $1,726,391

• 14 · Information technology

  total $2,317,200

• 16 · Occupancy

  total $213,130

• 17 · Travel

  total $178,871

• 20 · Interest

  total $79,435,173

• 22 · Depreciation, depletion and amortization

  total $268,081

• 23 · Insurance

  total $122,194

• 24a · Other expenses: PROFESSIONAL SERVICES

  total $1,069,645

• 24b · Other expenses: VOLUNTEER MEETINGS

  total $172,426

• 24c · Other expenses: EMPLOYEE DEVELOPMENT

  total $158,395

• 24d · Other expenses: ASSOCIATION DUES

  total $91,668

• 24e · All other expenses

  total $3,159

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,987,239 · end of year $22,439,066

• 2 · Savings and temporary cash investments

  beginning of year $787,741,857 · end of year $998,755,746

• 4 · Accounts receivable

  beginning of year $3,222,750 · end of year $2,487,803

• 7 · Other notes and loans receivable

  beginning of year $12,849,439

• 9 · Prepaid expenses and deferred charges

  beginning of year $443,515 · end of year $504,827

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

  $4,003,643

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

  $2,645,870

• 10c · Land, buildings and equipment, net

  beginning of year $1,583,225 · end of year $1,357,773

• 11 · Investments: publicly traded securities

  beginning of year $758,107,777 · end of year $1,048,856,187

• 12 · Investments: other securities

  beginning of year $53,510,017 · end of year $29,164,546

• 15 · Other assets

  beginning of year $4,081,899 · end of year $4,487,957

• 17 · Accounts payable and accrued expenses

  beginning of year $1,099,549 · end of year $1,160,283

• 25 · Other liabilities

  beginning of year $5,784,302 · end of year $5,988,890

• 29 · Capital stock, trust principal or current funds

  beginning of year $1,503,355,068 · end of year $1,961,980,109

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $54,322,879 · end of year $54,322,879

• 31 · Retained earnings, endowment or other funds

  beginning of year $74,965,920 · end of year $84,601,744

The filer's explanations (Part III)

PART I, LINE 1A

YMCA MEMBERSHIPS ARE AVAILABLE TO ALL EMPLOYEES. THE CREDIT UNION PAID FOR HEALTH CLUB MEMBERSHIP FEES FOR BRADY MCLEOD (FORMER PRESIDENT/CEO). MR. MCLEOD HAS REIMBURSED THE CREDIT UNION FOR ALL BUT $338.15 OF THESE FEES. THIS WILL NOT BE A RECURRING EXPENSE.

PART I, LINE 3

THE CEO'S SALARY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS WITH INPUT FROM AN INDEPENDENT CONSULTANT.

PART I, LINE 4A

KENT GLEASON'S FINAL CHECK INCLUDED $35,000 TO ASSIST HIS FAMILY WITH COBRA HEALTH INSURANCE AFTER HIS PASSING.