Totals
- Total revenue
- $1,801,929
- Total expenses
- $1,336,892
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,044,106
- Investment income
- $622,569
- Other revenue
- $135,254
- Total assets, end of year
- $34,400,273
- Total liabilities, end of year
- $27,002,998
- Net assets or fund balances, end of year
- $7,397,275
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $1,336,892
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,336,892
Program services were 0.0% 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: INTEREST ON LOANS
total $823,036 · related or exempt $823,036
-
2b · Program service revenue: FEE INCOME
total $221,070 · related or exempt $221,070
-
3 · Investment income
total $622,569 · related or exempt $622,569
-
11a · Other revenue: OTHER NON INTEREST INCOME
total $129,597 · related or exempt $129,597
-
11b · Other revenue: UBIT
total $5,657 · unrelated business $5,657
-
11e · Other revenue, total
$135,254
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $363,564 · management and general $363,564
-
8 · Pension plan contributions
total $58,405 · management and general $58,405
-
9 · Other employee benefits
total $61,041 · management and general $61,041
-
10 · Payroll taxes
total -$66,693 · management and general -$66,693
-
13 · Office expenses
total $80,904 · management and general $80,904
-
16 · Occupancy
total $130,767 · management and general $130,767
-
19 · Conferences, conventions and meetings
total $26,096 · management and general $26,096
-
20 · Interest
total $40,860 · management and general $40,860
-
24a · Other expenses: PROF & OUTSIDE SERVICES
total $411,356 · management and general $411,356
-
24b · Other expenses: PROVISION FOR LOAN LOSS
total $83,000 · management and general $83,000
-
24c · Other expenses: EDUCATION & PROMO EXP
total $64,223 · management and general $64,223
-
24d · Other expenses: LOAN SERVICING EXP
total $62,695 · management and general $62,695
-
24e · All other expenses
total $20,674 · management and general $20,674
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,113,513 · end of year $1,275,730
-
2 · Savings and temporary cash investments
end of year $11,571,000
-
4 · Accounts receivable
beginning of year $13,849,001 · end of year $13,779,950
-
9 · Prepaid expenses and deferred charges
beginning of year $31,556 · end of year $31,926
-
10a · Land, buildings and equipment: cost or other basis
$458,524
-
10b · Land, buildings and equipment: accumulated depreciation
$437,289
-
10c · Land, buildings and equipment, net
beginning of year $53,291 · end of year $21,235
-
12 · Investments: other securities
beginning of year $16,737,367 · end of year $7,327,935
-
15 · Other assets
beginning of year $355,761 · end of year $392,497
-
17 · Accounts payable and accrued expenses
beginning of year $196,895 · end of year $157,078
-
25 · Other liabilities
beginning of year $28,077,925 · end of year $26,845,920
-
29 · Capital stock, trust principal or current funds
beginning of year $2,966,117 · end of year $2,966,117
-
31 · Retained earnings, endowment or other funds
beginning of year $3,899,552 · end of year $4,431,158
Mission and programs · 2023
Mission
CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 2,865 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
Activities or mission (Part I)
CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.
-
THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.
Expenses $1,296,032
-
THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
Expenses $40,860
As filed on the 2023 return.
Listed in Part VII
-
Angelic PritchettANGELIC PRITCHETT
CEO/MANAGER
- Total calculated
- $204,270
- From this org
- $153,905
- From related orgs
- $0
- Other
- $50,365
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $128,546
- Bonus
- $25,359
- Other
- not reported
- Deferred
- $50,365
- Nontaxable benefits
- not reported
- Filer's total
- $204,270
-
Henry WilliamsHENRY WILLIAMS
BOD PRESIDEN
- Total calculated
- $0
- Hours/week
- 1
-
Carlos GutierrezCARLOS GUTIERREZ
BOD VICE PRE
- Total calculated
- $0
- Hours/week
- 1
-
Nilma MechamNILMA MECHAM
BOARD SECRET
- Total calculated
- $0
- Hours/week
- 1
-
Winfred WalkerWINFRED WALKER
BOARD TREASU
- Total calculated
- $0
- Hours/week
- 1
-
Lee WilliamsonLEE WILLIAMSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jamael JohnsonJAMAEL JOHNSON
SC CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Tiffany WileyTIFFANY WILEY
SC MEM
- Total calculated
- $0
- Hours/week
- 1
-
Wilhelmenia JonesWILHELMENIA JONES
SC MEM
- Total calculated
- $0
- Hours/week
- 1
-
Dewayne BrownDEWAYNE BROWN
NOM COM CHAI
- Total calculated
- $0
- Hours/week
- 1
-
Flor GuanipaFLOR GUANIPA
NOM COM MEM
- Total calculated
- $0
- Hours/week
- 1
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
None.
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
- 2023
- Filed
- 6 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411299349300936
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