Totals
- Total revenue
- $4,901,740
- Total expenses
- $4,146,414
- Contributions and grants received
- $0
- Grants paid
- $13,918
- Program service revenue
- $4,539,124
- Investment income
- $362,616
- Other revenue
- $0
- Total assets, end of year
- $101,149,265
- Total liabilities, end of year
- $89,415,082
- Net assets or fund balances, end of year
- $11,734,183
- 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: LOAN INTEREST INCOME
total $3,620,134 · related or exempt $3,599,256 · unrelated business $20,878
-
2b · Program service revenue: FEE INCOME
total $759,815 · related or exempt $752,870 · unrelated business $6,945
-
2c · Program service revenue: OTHER MEMBER FEES
total $159,175 · related or exempt $144,579 · unrelated business $14,596
-
3 · Investment income
total $362,616 · excluded $362,616
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $13,918
-
4 · Benefits paid to or for members
total $48,230
-
5 · Compensation of officers, directors and key employees
total $365,846
-
7 · Other salaries and wages
total $813,282
-
9 · Other employee benefits
total $354,531
-
10 · Payroll taxes
total $101,342
-
11b · Fees: legal
total $19,539
-
11c · Fees: accounting
total $24,650
-
11g · Fees: other
total $77,891
-
12 · Advertising and promotion
total $92,295
-
13 · Office expenses
total $848,154
-
14 · Information technology
total $42,672
-
16 · Occupancy
total $117,487
-
17 · Travel
total $38,711
-
19 · Conferences, conventions and meetings
total $4,969
-
20 · Interest
total $74,488
-
22 · Depreciation, depletion and amortization
total $61,648
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $470,724
-
24b · Other expenses: DIVIDEND EXPENSE
total $330,935
-
24c · Other expenses: LOAN SERVICING
total $175,099
-
24d · Other expenses: MISCELLANEOUS EXPENSE
total $63,666
-
24e · All other expenses
total $6,337
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $819,118 · end of year $1,477,512
-
2 · Savings and temporary cash investments
beginning of year $13,982,000 · end of year $5,242,000
-
4 · Accounts receivable
beginning of year $858,604 · end of year $639,435
-
7 · Other notes and loans receivable
beginning of year $66,169,248 · end of year $78,783,905
-
9 · Prepaid expenses and deferred charges
beginning of year $245,739 · end of year $248,657
-
10a · Land, buildings and equipment: cost or other basis
$3,280,571
-
10b · Land, buildings and equipment: accumulated depreciation
$1,461,933
-
10c · Land, buildings and equipment, net
beginning of year $1,908,906 · end of year $1,818,638
-
12 · Investments: other securities
beginning of year $10,480,047 · end of year $11,406,411
-
13 · Investments: program-related
beginning of year $737,872 · end of year $763,053
-
15 · Other assets
beginning of year $735,019 · end of year $769,654
-
17 · Accounts payable and accrued expenses
beginning of year $648,945 · end of year $1,164,917
-
23 · Secured mortgages and notes payable
beginning of year $2,752,182 · end of year $5,750,222
-
25 · Other liabilities
beginning of year $80,131,661 · end of year $82,499,943
-
27 · Net assets without donor restrictions
beginning of year $12,403,765 · end of year $11,734,183
Mission and programs · 2022
Mission
SERVING FOR YOUR SUCCESS
Activities or mission (Part I)
TO PROVIDE EXCEPTIONAL SERVICE AND PRODUCTS THAT INCLUDES GREAT RATES AND LOW FEES FOR OUR MEMBERS.
-
PROVIDE LOW COST LOANS TO MEMBERS USING FUNDS ON DEPOSIT.
As filed on the 2022 return.
Listed in Part VII
-
ROB KANSKY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
TYLER CLARK
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
DENNY NIELSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARILYN BACON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PATRICK VANCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EARLENE NAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICKY FROST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAT FORCE
CEO
- Total calculated
- $247,894
- From this org
- $225,728
- From related orgs
- $0
- Other
- $22,166
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,227
- Bonus
- $28,659
- Other
- $25,842
- Deferred
- $0
- Nontaxable benefits
- $22,166
- Filer's total
- $247,894
-
JUSTIN ROBERTS
VICE PRESIDENT
- Total calculated
- $170,944
- From this org
- $140,118
- From related orgs
- $0
- Other
- $30,826
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $118,244
- Bonus
- $13,520
- Other
- $8,354
- Deferred
- $0
- Nontaxable benefits
- $30,826
- Filer's total
- $170,944
-
JAKE TURPIN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
KATIE CLARK
SECRETARY
- Total calculated
- $0
- Hours/week
- 40
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 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
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349320737
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