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Nonprofiteer
← 471 ANTIOCH CREDIT UNION INC

Form 990 for tax year 2023

Filed by 471 ANTIOCH CREDIT UNION INC.

Totals

Total revenue
$98,518
Total expenses
$91,871
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$39,200
Investment income
$59,318
Other revenue
$0
Total assets, end of year
$3,314,318
Total liabilities, end of year
$2,387,728
Net assets or fund balances, end of year
$926,590
Program services expenses (Part IX)
$91,871
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$91,871

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.

  • 1a · Federated campaigns

    $0

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $39,200 · related or exempt $39,200 · 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 $59,318 · related or exempt $59,318 · 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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $16,900 · program services $16,900 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $6,080 · program services $6,080 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $259 · program services $259 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $1,753 · program services $1,753 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $29,389 · program services $29,389 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,753 · program services $3,753 · management and general $0 · fundraising $0

  • 24a · Other expenses: OTHER EXPENSES

    total $33,737 · program services $33,737 · management and general $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $268,357 · end of year $253,479

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $372,660 · end of year $414,644

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

    $244,374

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

    $208,965

  • 10c · Land, buildings and equipment, net

    beginning of year $35,294 · end of year $35,409

  • 12 · Investments: other securities

    beginning of year $619,085 · end of year $502,147

  • 13 · Investments: program-related

    beginning of year $2,263,188 · end of year $2,093,561

  • 15 · Other assets

    beginning of year $13,023 · end of year $15,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,615 · end of year $569

  • 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

  • 25 · Other liabilities

    beginning of year $2,650,049 · end of year $2,387,159

  • 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 $919,943 · end of year $926,590

Mission and programs · 2023

Mission

PROVIDES LENDING, SAVINGS AND OTHER SERVICES TO ITS QUALIFIED MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE WITH A "SERVICE BASED EMPHASIS" THAT RECOGNIZE THE MEMBER STATUS AS"OWNERS"

Activities or mission (Part I)

THE CREDIT UNION PROVIDES SERVICES TO QUALIFIED MEMBERS

  • DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 997 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 738 MEMBERS. DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATION OF LOANS AND SERVICING OF LOAN PORTFOLIO ACTIVITY FOR MEMBERS. DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA ATM NETWORKS AND IN PERSON AT THE CREDIT UNION OFFICE.

    Expenses $91,871 · Revenue $98,518

As filed on the 2023 return.

Listed in Part VII

  • Alicia Green

    TREASURER MANAGER

    Total calculated
    $16,900
    From this org
    $16,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    26

  • Larry Wagner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Juanita Glymph

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Robert Smedley

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Barbara Moore

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Marvin Hale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Edna Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Doretha Grant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4.5

  • Lonnie Carmicle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Gloria Matthews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bernard Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2024
IRS schema version
2023v5.0
Source object
202411039349301001

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