Totals
- Total revenue
- $21,320,406
- Total expenses
- $19,147,066
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $19,843,818
- Investment income
- $1,476,588
- Other revenue
- $0
- Total assets, end of year
- $270,318,423
- Total liabilities, end of year
- $242,048,609
- Net assets or fund balances, end of year
- $28,269,814
- Program services expenses (Part IX)
- $3,179,287
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,179,287
Program services were 16.6% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Interest on loans
total $14,984,177 · related or exempt $14,984,177 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Member Service Fees
total $4,248,731 · related or exempt $4,236,647 · unrelated business $12,084 · excluded $0
-
2c · Program service revenue: Credit Card Issuing
total $356,027 · related or exempt $356,027 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Loan Fee Income
total $254,883 · related or exempt $254,883 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,469,724 · related or exempt $0 · unrelated business $0 · excluded $1,469,724
-
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
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $396,971 · other assets $400,646
-
7b · Less cost or other basis and sales expenses
securities $279,726 · other assets $511,027
-
7c · Gain or loss
securities $117,245 · other assets -$110,381
-
7d · Net gain or loss
total $6,864 · related or exempt $0 · unrelated business $0 · excluded $6,864
-
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
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $3,179,287 · program services $3,179,287
-
5 · Compensation of officers, directors and key employees
total $1,163,819 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $3,606,182 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $150,081 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $1,095,301 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $354,608 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $124,025 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $74,800 · program services $0 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $2,760 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $550,319 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $522,519 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $441,326 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $1,288,982 · program services $0 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $491,331 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $86,839 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $182,803 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $455,066 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $58,143 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $721,475 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $114,217 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Provision for Credit Loss
total $1,519,712 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: ATM Expense
total $1,487,078 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: Lending Expense
total $828,217 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses: Other expenses
total $365,183 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $282,993 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,397,175 · end of year $7,258,546
-
2 · Savings and temporary cash investments
beginning of year $14,215,371 · end of year $10,429,951
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $1,737,455 · end of year $491,496
-
5 · Loans and receivables from officers and key people
beginning of year $20,000 · end of year $320,000
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $222,053,669 · end of year $214,593,229
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $667,956 · end of year $633,486
-
10a · Land, buildings and equipment: cost or other basis
$12,385,778
-
10b · Land, buildings and equipment: accumulated depreciation
$4,697,786
-
10c · Land, buildings and equipment, net
beginning of year $8,129,913 · end of year $7,687,992
-
11 · Investments: publicly traded securities
beginning of year $20,616,611 · end of year $17,800,455
-
12 · Investments: other securities
beginning of year $279,726 · 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 $8,456,093 · end of year $11,103,268
-
17 · Accounts payable and accrued expenses
beginning of year $10,992,683 · end of year $4,329,350
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $1,164,508
-
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 $244,476,122 · end of year $236,554,751
-
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 $27,105,164 · end of year $28,269,814
Mission and programs · 2024
Mission
We show up. We listen to your story. We provide possibilities. As a not-for-profit financial cooperative we aim to create a financial oasis where everyone has access to the opportunities they deserve.
Activities or mission (Part I)
We show up. We listen to your story. We provide possibilities.
-
Pay interest and dividends on amounts deposited by members.
Expenses $3,179,287
-
Provide checking and cash handling services to members
Revenue $4,248,731
-
Provide residential mortgage home improvement commercial and other miscellaneous loans to members.
Revenue $15,595,087
As filed on the 2024 return.
Listed in Part VII
-
Jane Drennan
Board Chair
- Total calculated
- $3,839
- From this org
- $3,839
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.2
-
Theresa Hornberg
Board Director
- Total calculated
- $4,024
- From this org
- $4,024
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.2
-
Roberta Olson
Board Director
- Total calculated
- $2,743
- From this org
- $2,743
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.9
-
Josefina Pozas Guzman
Board Director
- Total calculated
- $2,126
- From this org
- $2,126
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.3
-
Rawhi Said
Board Director
- Total calculated
- $1,937
- From this org
- $1,937
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.2
-
Alan Michael DeBolt
Vice Chair
- Total calculated
- $1,296
- From this org
- $1,296
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.8
-
Russell Hess
Board Secretary
- Total calculated
- $1,167
- From this org
- $1,167
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Julian Currie
Board Director
- Total calculated
- $975
- From this org
- $975
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.5
-
Valerie Mathias
SVP of Finance - CFO
- Total calculated
- $473,686
- From this org
- $396,964
- From related orgs
- $0
- Other
- $76,722
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $214,815
- Bonus
- $30,550
- Other
- $151,599
- Deferred
- $51,831
- Nontaxable benefits
- $24,891
- Filer's total
- $473,686
-
Brent Rempe
President - CEO
- Total calculated
- $362,429
- From this org
- $233,489
- From related orgs
- $0
- Other
- $128,940
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $232,971
- Bonus
- $0
- Other
- $518
- Deferred
- $90,282
- Nontaxable benefits
- $38,658
- Filer's total
- $362,429
-
Andrea Allen
Chief Revenue Officer
- Total calculated
- $198,592
- From this org
- $150,656
- From related orgs
- $0
- Other
- $47,936
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $129,981
- Bonus
- $20,333
- Other
- $342
- Deferred
- $9,278
- Nontaxable benefits
- $38,658
- Filer's total
- $198,592
-
Jeremiah Halloran
AVP Digital Services Technology
- Total calculated
- $181,902
- From this org
- $135,895
- From related orgs
- $0
- Other
- $46,007
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $117,558
- Bonus
- $18,028
- Other
- $309
- Deferred
- $8,365
- Nontaxable benefits
- $37,642
- Filer's total
- $181,902
-
Christine Jensen
Controller
- Total calculated
- $181,457
- From this org
- $157,083
- From related orgs
- $0
- Other
- $24,374
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,202
- Bonus
- $15,659
- Other
- $222
- Deferred
- $5,666
- Nontaxable benefits
- $18,708
- Filer's total
- $181,457
-
Jenna Taubel
AVP of Marketing
- Total calculated
- $155,494
- From this org
- $121,196
- From related orgs
- $0
- Other
- $34,298
- Hours/week
- 40 + 10 related
Schedule J breakdown matched by us
- Base
- $103,866
- Bonus
- $17,035
- Other
- $295
- Deferred
- $7,642
- Nontaxable benefits
- $26,656
- Filer's total
- $155,494
-
Michael Rosek
CEO Former
- Total calculated
- $111,005
- From this org
- $111,005
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $111,005
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $111,005
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 · 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
- 13 October 2025
- IRS schema version
- 2024v5.1
- Source object
- 202532869349300003
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