Civic Intelligence

Peopleschoice Credit Union

990 • Fiscal year 2018 • EIN 01-6015389

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 11, 2019

23 Industrial Park RoadSaco, ME 04072

(207) 282-4156

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

30th percentile

14.82x

Higher debt load relative to revenue than 30% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Net Margin

29th percentile

8.7%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

90th percentile

$344,125

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Asset Growth

63rd percentile

4.4%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

74th percentile

14%

Faster revenue growth than 74% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Assets

Up

$202,927,457

Up $8,480,657 (+4.4%) from 2017

Net Assets

Up

$16,375,011

Up $1,113,900 (+7.3%) from 2017

Liabilities

Up

$186,552,446

Up $7,366,757 (+4.1%) from 2017

Revenue

Up

$12,591,322

Up $1,524,686 (+14%) from 2017

Expenses

Up

$11,491,322

Up $1,324,686 (+13%) from 2017

Net Income

Up

$1,100,000

Up $200,000 (+22%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $120,806,701Liabilities 2010: $109,193,032Net Assets 2010: $11,613,6692010Assets 2011: $134,290,769Liabilities 2011: $122,101,972Net Assets 2011: $12,188,7972011Assets 2012: $142,902,947Liabilities 2012: $130,606,087Net Assets 2012: $12,296,8602012Assets 2013: $150,084,986Liabilities 2013: $138,556,547Net Assets 2013: $11,528,4392013Assets 2014: $154,040,632Liabilities 2014: $140,740,443Net Assets 2014: $13,300,1892014Assets 2015: $165,727,943Liabilities 2015: $152,040,299Net Assets 2015: $13,687,6442015Assets 2016: $180,881,918Liabilities 2016: $166,865,283Net Assets 2016: $14,016,6352016Assets 2017: $194,446,800Liabilities 2017: $179,185,689Net Assets 2017: $15,261,1112017Assets 2018: $202,927,457Liabilities 2018: $186,552,446Net Assets 2018: $16,375,0112018Assets 2019: $211,779,562Liabilities 2019: $194,361,095Net Assets 2019: $17,418,4672019Assets 2020: $266,475,570Liabilities 2020: $247,723,610Net Assets 2020: $18,751,9602020Assets 2021: $306,124,509Liabilities 2021: $286,082,569Net Assets 2021: $20,041,9402021Assets 2022: $320,519,293Liabilities 2022: $305,548,717Net Assets 2022: $14,970,5762022Assets 2023: $356,302,662Liabilities 2023: $338,553,420Net Assets 2023: $17,749,2422023Assets 2024: $352,670,156Liabilities 2024: $332,816,263Net Assets 2024: $19,853,8932024

Highlighted filing

2018

Assets$202,927,457
Liabilities$186,552,446
Net Assets$16,375,011

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Expenses 2010: $6,743,4242010Expenses 2011: $6,654,3682011Revenue 2012: $7,297,742Expenses 2012: $6,773,410Net Income 2012: $524,3322012Revenue 2013: $7,169,496Expenses 2013: $6,769,496Net Income 2013: $400,0002013Revenue 2014: $7,782,212Expenses 2014: $7,132,212Net Income 2014: $650,0002014Revenue 2015: $8,277,460Expenses 2015: $7,777,460Net Income 2015: $500,0002015Revenue 2016: $9,799,402Expenses 2016: $9,187,402Net Income 2016: $612,0002016Revenue 2017: $11,066,636Expenses 2017: $10,166,636Net Income 2017: $900,0002017Revenue 2018: $12,591,322Expenses 2018: $11,491,322Net Income 2018: $1,100,0002018Revenue 2019: $13,422,216Expenses 2019: $12,047,216Net Income 2019: $1,375,0002019Revenue 2020: $13,730,436Expenses 2020: $12,394,484Net Income 2020: $1,335,9522020Revenue 2021: $13,957,386Expenses 2021: $12,458,218Net Income 2021: $1,499,1682021Revenue 2022: $16,021,690Expenses 2022: $13,632,529Net Income 2022: $2,389,1612022Revenue 2023: $19,812,909Expenses 2023: $17,905,256Net Income 2023: $1,907,6532023Revenue 2024: $23,149,560Expenses 2024: $21,528,239Net Income 2024: $1,621,3212024

Highlighted filing

2018

Revenue$12,591,322
Expenses$11,491,322
Net Income$1,100,000
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 11, 2019
Return Version
2018v3.1
Gross Receipts
$12,591,322
Mission and Program Overview

Mission

Provide members with savings and loan services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$155,636,553$163,527,287▲ $7,890,734
Savings and Temporary Cash Investments$12,737,340$17,749,197▲ $5,011,857
Rtn Earn Endowment Incm Other Fnds$15,261,111$16,375,011▲ $1,113,900
Land, Buildings, and Equipment, Net$7,570,044$7,245,221▼ $324,823
Cash and Non-Interest-Bearing Accounts$2,776,003$4,246,553▲ $1,470,550
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$194,446,800$202,927,457▲ $8,480,657
Other Assets Total$15,726,860$10,159,199▼ $5,567,661
Liabilities
Other Liabilities$171,587,804$181,179,096▲ $9,591,292
Mortgage Notes Payable Secured by Investment Property$1,000,000$3,000,000▲ $2,000,000
Accounts Payable and Accrued Expenses$6,597,885$2,373,350▼ $4,224,535
Total Liabilities$179,185,689$186,552,446▲ $7,366,757
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,261,111$16,375,011▲ $1,113,900
Total Liabilities and Net Assets / Fund Balance$194,446,800$202,927,457▲ $8,480,657

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,666,536$3,462,447$9,128,983
Equipment$374,771$2,080,778$2,455,549
Land$1,203,914-$1,203,914
Other Assets Org$559,293--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Luke LabbePresidentFT$255,005$89,120$344,125
Kurt SchickleMortgage Loan OriginatorFT$176,386$14,173$190,559
Nancy GrantVP Finance/itFT$134,800$14,480$149,280
Eric GreenVP Operations/lendingFT$133,228$8,172$141,400
Shannon KashinskyVP Human ResourcesFT$100,991$12,695$113,686
Brenda PiecuchVP ComplianceFT$105,840$2,821$108,661

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Bp Cleaning And Home MaintenanceJanitorial ServicesPO BOX 1194, Biddeford, ME 04005$132,190
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,748,781
Investment Income
$373,504
Other Revenue
$3,469,037
Change in Net Assets
$1,100,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,591,322
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$12,591,322
Total Revenue per Form 990
$12,591,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,946,938
Salaries, Compensation, and Employee Benefits$4,140,132
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,646,727
Benefits to Members---$1,404,252
Office Expenses---$1,327,495
Fees for Services Other---$845,780
Occupancy---$795,910
Current Officers, Directors, Trustees, and Key Employees---$493,405
Other Expenses---$169,056
Travel---$110,875
All Other Expenses---$24,868
Total Functional Expenses$0$0$0$11,491,322

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,491,322
Total Expenses per Audited Statements$11,491,322
Total Expenses per Form 990$11,491,322
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARE AND SAVINGS ACCOUNT$181,179,096
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The members have a vote during the annual meeting to appoint the board of directors to the credit union but the board of directors makes most significant decisions once elected. The members receive monthly dividends based on share accounts. Members do not receive any distributions, profits, or net assets upon dissolution.

Form 990, Part VI, Section A, Line 7A

All members have a vote during the annual meeting to appoint the board of directors for the credit union, regardless of their membership balance.

Form 990, Part VI, Section A, Line 7B

Most decisions are made by the board of directors. The only decision the members would vote on is the election of the board of directors and approval of any mergers with another institution that would have been based on a decision by the board of directors to have a vote.

Form 990, Part VI, Section B, Line 11B

Line 11a explanation - the president of the credit union reviews the 990 before filing.

Form 990, Part VI, Section B, Line 12C

The credit union's policy is within various policies. Employees with the ability to originate loans are not able to do so to themselves or for any family members. All loans go through a closing checklist to ensure proper approval and the new loan report is reviewed by a compliance officer as well as presented to the board of directors monthly. Employees are also restricted from performing any transactions on their accounts, or family member accounts; employees cannot make any changes to their accounts and would need another employee to do so. The file maintenance report is reviewed daily to review any changes to employee accounts.

Form 990, Part VI, Section B, Line 15

The credit union uses koker goodwin & associates, inc., a compensation and performance consultant group out of wichita, ks.

Form 990, Part VI, Section C, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Peopleschoice Credit Union
EIN
01-6015389
Phone
2072824156
Address
23 INDUSTRIAL PARK ROAD, SACO, ME 04072

Signing Officer

Name
Luke Labbe
Title
President
Phone
2072824156
Signed
2019-09-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Luke Labbe
Formed
1962
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
55
Volunteers
10

Preparer

Firm
Wipfli Llp
Address
30 LONG CREEK DRIVE, SOUTH PORTLAND, ME 04106-2437
Preparer
Brad Weller CPA
Phone
2077745701
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Pension liability adjustment 14,008.

Raw XML AppendixShowing 400 of 474 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt11VP OPERATIONS/LENDING
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IRS990/IRPDocumentCnt02130
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05543225
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07570044
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07245221
IRS990/LandBldgEquipCostOrOtherBssAmt012788446
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt052762
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt052762
IRS990/MissionDesc0PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03000000
IRS990/NetAssetsOrFundBalancesBOYAmt015261111
IRS990/NetAssetsOrFundBalancesEOYAmt016375011
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-108
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0795910
IRS990/OfficeExpensesGrp/TotalAmt01327495
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015726860
IRS990/OtherAssetsTotalGrp/EOYAmt010159199
IRS990/OtherChangesInNetAssetsAmt014008
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING/COLLECTI
IRS990/OtherExpensesGrp/Desc1PROVISION FOR BAD DEBTS
IRS990/OtherExpensesGrp/Desc2EDUCATION & PROMOTIONAL
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt01362892
IRS990/OtherExpensesGrp/TotalAmt11060000
IRS990/OtherExpensesGrp/TotalAmt2250062
IRS990/OtherExpensesGrp/TotalAmt3169056
IRS990/OtherLiabilitiesGrp/BOYAmt0171587804
IRS990/OtherLiabilitiesGrp/EOYAmt0181179096
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1SERVICE CHARGES AND FEES
IRS990/OtherRevenueMiscGrp/Desc2NON-MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02440056
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1929674
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02440056
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1929674
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt246545
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt046545
IRS990/OtherRevenueTotalAmt03469037
IRS990/OtherSalariesAndWagesGrp/TotalAmt03646727
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LUKE LABBE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME FROM MEMBERS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08748781
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08748781
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01133867
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0334264
IRS990/PYOtherExpensesAmt05133781
IRS990/PYOtherRevenueAmt03058237
IRS990/PYProgramServiceRevenueAmt07674135
IRS990/PYRevenuesLessExpensesAmt0900000
IRS990/PYSalariesCompEmpBnftPaidAmt03898988
IRS990/PYTotalExpensesAmt010166636
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011066636
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01100000
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012121511
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt015261111
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt016375011
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012737340
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017749197
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05666536
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03462447
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09128983
IRS990ScheduleD/EquipmentGrp/BookValueAmt0374771
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02080778
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02455549
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011491322
IRS990ScheduleD/LandGrp/BookValueAmt01203914
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01203914
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07890270
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11709636
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2559293
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2FORECLOSURE & REPOSSESSED ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0181179096
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARE AND SAVINGS ACCOUNT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt012591322
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07245221
IRS990ScheduleD/TotalBookValueOtherAssetsAmt010159199
IRS990ScheduleD/TotalExpensesPerForm990Amt011491322
IRS990ScheduleD/TotalLiabilityAmt0181179096
IRS990ScheduleD/TotalRevenuePerForm990Amt012591322
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012591322
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011491322
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0255005
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1176386
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount065000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount112273
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt02750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt021370
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt11900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LUKE LABBE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KURT SCHICKLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1MORTGAGE LOAN ORIGINATOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0344125
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1190559
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS HAVE A VOTE DURING THE ANNUAL MEETING TO APPOINT THE BOARD OF DIRECTORS TO THE CREDIT UNION BUT THE BOARD OF DIRECTORS MAKES MOST SIGNIFICANT DECISIONS ONCE ELECTED. THE MEMBERS RECEIVE MONTHLY DIVIDENDS BASED ON SHARE ACCOUNTS. MEMBERS DO NOT RECEIVE ANY DISTRIBUTIONS, PROFITS, OR NET ASSETS UPON DISSOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS HAVE A VOTE DURING THE ANNUAL MEETING TO APPOINT THE BOARD OF DIRECTORS FOR THE CREDIT UNION, REGARDLESS OF THEIR MEMBERSHIP BALANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MOST DECISIONS ARE MADE BY THE BOARD OF DIRECTORS. THE ONLY DECISION THE MEMBERS WOULD VOTE ON IS THE ELECTION OF THE BOARD OF DIRECTORS AND APPROVAL OF ANY MERGERS WITH ANOTHER INSTITUTION THAT WOULD HAVE BEEN BASED ON A DECISION BY THE BOARD OF DIRECTORS TO HAVE A VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LINE 11A EXPLANATION - THE PRESIDENT OF THE CREDIT UNION REVIEWS THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION'S POLICY IS WITHIN VARIOUS POLICIES. EMPLOYEES WITH THE ABILITY TO ORIGINATE LOANS ARE NOT ABLE TO DO SO TO THEMSELVES OR FOR ANY FAMILY MEMBERS. ALL LOANS GO THROUGH A CLOSING CHECKLIST TO ENSURE PROPER APPROVAL AND THE NEW LOAN REPORT IS REVIEWED BY A COMPLIANCE OFFICER AS WELL AS PRESENTED TO THE BOARD OF DIRECTORS MONTHLY. EMPLOYEES ARE ALSO RESTRICTED FROM PERFORMING ANY TRANSACTIONS ON THEIR ACCOUNTS, OR FAMILY MEMBER ACCOUNTS; EMPLOYEES CANNOT MAKE ANY CHANGES TO THEIR ACCOUNTS AND WOULD NEED ANOTHER EMPLOYEE TO DO SO. THE FILE MAINTENANCE REPORT IS REVIEWED DAILY TO REVIEW ANY CHANGES TO EMPLOYEE ACCOUNTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION USES KOKER GOODWIN & ASSOCIATES, INC., A COMPENSATION AND PERFORMANCE CONSULTANT GROUP OUT OF WICHITA, KS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PENSION LIABILITY ADJUSTMENT 14,008.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$353$333$19.9$23.1$21.5$1.62
2023Detailed filing. Detailed filing data is available for this year.$356$339$17.7$19.8$17.9$1.91
2022Detailed filing. Detailed filing data is available for this year.$321$306$15.0$16.0$13.6$2.39
2021Detailed filing. Detailed filing data is available for this year.$306$286$20.0$14.0$12.5$1.50
2020Detailed filing. Detailed filing data is available for this year.$266$248$18.8$13.7$12.4$1.34
2019Detailed filing. Detailed filing data is available for this year.$212$194$17.4$13.4$12.0$1.38
2018Detailed filing. Detailed filing data is available for this year.$203$187$16.4$12.6$11.5$1.10
2017Detailed filing. Detailed filing data is available for this year.$194$179$15.3$11.1$10.2$0.90
2016Detailed filing. Detailed filing data is available for this year.$181$167$14.0$9.80$9.19$0.61
2015Detailed filing. Detailed filing data is available for this year.$166$152$13.7$8.28$7.78$0.50
2014Detailed filing. Detailed filing data is available for this year.$154$141$13.3$7.78$7.13$0.65
2013Detailed filing. Detailed filing data is available for this year.$150$139$11.5$7.17$6.77$0.40
2012Summary only. Only limited summary data is available for this year.$143$131$12.3$7.30$6.77$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$134$122$12.2$6.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$121$109$11.6$6.74
Peer Organizations

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