Totals
- Total revenue
- $2,580,294
- Total expenses
- $3,179,384
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,212,999
- Investment income
- $249,353
- Other revenue
- $117,942
- Total assets, end of year
- $37,521,188
- Total liabilities, end of year
- $33,900,574
- Net assets or fund balances, end of year
- $3,620,614
- 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: INTEREST ON LOANS
total $1,961,440 · related or exempt $1,961,440
-
2b · Program service revenue: FEE INCOME
total $251,559 · related or exempt $251,559
-
3 · Investment income
total $288,437 · excluded $288,437
-
7b · Less cost or other basis and sales expenses
securities $39,084
-
7c · Gain or loss
securities -$39,084
-
7d · Net gain or loss
total -$39,084 · excluded -$39,084
-
11a · Other revenue: OTHER OPERATING INCOME
total $117,942 · related or exempt $117,942
-
11e · Other revenue, total
$117,942
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $98,243
-
7 · Other salaries and wages
total $415,659
-
8 · Pension plan contributions
total $9,018
-
9 · Other employee benefits
total $28,727
-
10 · Payroll taxes
total $42,260
-
11b · Fees: legal
total $31,984
-
11c · Fees: accounting
total $66,753
-
11g · Fees: other
total $496,316
-
12 · Advertising and promotion
total $28,533
-
13 · Office expenses
total $183,126
-
16 · Occupancy
total $104,047
-
19 · Conferences, conventions and meetings
total $44,859
-
20 · Interest
total $758,907
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $774,593
-
24b · Other expenses: LOAN SERVICING EXP
total $69,600
-
24c · Other expenses: MISC OPERATING EXP
total $26,759
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,091,512 · end of year $3,932,010
-
2 · Savings and temporary cash investments
beginning of year $3,749,000 · end of year $5,250,975
-
4 · Accounts receivable
beginning of year $32,077,848 · end of year $119,140
-
7 · Other notes and loans receivable
end of year $25,580,859
-
9 · Prepaid expenses and deferred charges
beginning of year $312,678 · end of year $116,091
-
10a · Land, buildings and equipment: cost or other basis
$2,830,060
-
10b · Land, buildings and equipment: accumulated depreciation
$840,152
-
10c · Land, buildings and equipment, net
beginning of year $2,063,093 · end of year $1,989,908
-
12 · Investments: other securities
beginning of year $203,194 · end of year $203,194
-
15 · Other assets
beginning of year $462,648 · end of year $329,011
-
17 · Accounts payable and accrued expenses
beginning of year $186,201 · end of year $107,831
-
25 · Other liabilities
beginning of year $36,554,068 · end of year $33,792,743
-
29 · Capital stock, trust principal or current funds
beginning of year $1,700,000 · end of year $1,700,000
-
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 $2,519,704 · end of year $1,920,614
Mission and programs · 2024
Mission
CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 2,678 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.
-
THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
As filed on the 2024 return.
Listed in Part VII
-
Danny CrossettDANNY CROSSETT
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Matthew DentonMATTHEW DENTON
BOARD VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Will KingWILL KING
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Janine DunlapJANINE DUNLAP
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Brad DentonBRAD DENTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Angela SniderANGELA SNIDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amy MorrisAMY MORRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Fara HallFARA HALL
CEO
- Total calculated
- $98,243
- From this org
- $98,243
- From related orgs
- $0
- Other
- $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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513229349301041
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