Civic Intelligence

River Valley Credit Union

990 • Fiscal year 2017 • EIN 03-0196668

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

Organization ProfileWWW.RIVERCU.COM

View Organization Page

PO Box 8366North Brattleboro, VT 05304

(802) 254-4800

Siviq Scores

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

Liabilities / Assets

94th percentile

0.92x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

17th percentile

13.61x

Higher debt load relative to revenue than 17% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

55th percentile

13%

Higher net margin than 55% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

75th percentile

$277,620

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

94th percentile

12%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

11%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$107,155,522

Up $11,482,443 (+12%) from 2016

Net Assets

Up

$8,090,539

Up $923,452 (+13%) from 2016

Liabilities

Up

$99,064,983

Up $10,558,991 (+12%) from 2016

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin55th percentile

Revenue

Up

$7,276,482

Up $696,753 (+11%) from 2016

Expenses

Up

$6,353,030

Up $190,106 (+3.1%) from 2016

Net Income

Up

$923,452

Up $506,647 (+122%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$150M$100M$50M$0Assets 2010: $60,665,556Liabilities 2010: $56,246,663Net Assets 2010: $4,418,8932010Assets 2011: $66,376,214Liabilities 2011: $61,661,940Net Assets 2011: $4,714,2742011Assets 2012: $71,602,775Liabilities 2012: $66,450,532Net Assets 2012: $5,152,2432012Assets 2013: $73,692,962Liabilities 2013: $68,045,579Net Assets 2013: $5,647,3832013Assets 2014: $84,893,193Liabilities 2014: $78,825,218Net Assets 2014: $6,067,9752014Assets 2015: $90,429,024Liabilities 2015: $83,678,742Net Assets 2015: $6,750,2822015Assets 2016: $95,673,079Liabilities 2016: $88,505,992Net Assets 2016: $7,167,0872016Assets 2017: $107,155,522Liabilities 2017: $99,064,983Net Assets 2017: $8,090,5392017Assets 2018: $115,235,995Liabilities 2018: $105,469,067Net Assets 2018: $9,766,9282018Assets 2019: $123,946,235Liabilities 2019: $112,644,789Net Assets 2019: $11,301,4462019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$107,155,522
Liabilities$99,064,983
Net Assets$8,090,539
Open 2017 Filing

Operations Trend

Revenue Growth76th percentile

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

$10M$5.0M$0Expenses 2010: $4,625,5052010Expenses 2011: $4,762,2632011Expenses 2012: $4,909,2282012Revenue 2013: $5,529,411Expenses 2013: $5,034,271Net Income 2013: $495,1402013Revenue 2014: $5,853,307Expenses 2014: $5,432,715Net Income 2014: $420,5922014Revenue 2015: $6,201,603Expenses 2015: $5,519,296Net Income 2015: $682,3072015Revenue 2016: $6,579,729Expenses 2016: $6,162,924Net Income 2016: $416,8052016Revenue 2017: $7,276,482Expenses 2017: $6,353,030Net Income 2017: $923,4522017Revenue 2018: $8,413,182Expenses 2018: $6,733,173Net Income 2018: $1,680,0092018Revenue 2019: $9,175,766Expenses 2019: $7,648,598Net Income 2019: $1,527,1682019Revenue 2020: $6,994,166Expenses 2020: $6,514,723Net Income 2020: $479,4432020

Highlighted filing

2017

Revenue$7,276,482
Expenses$6,353,030
Net Income$923,452
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$7,780,739
Mission and Program Overview

Mission

To operate a state chartered credit union to provide loan and deposit services for the benefit of its members.

Operate a state chartered credit union for the benefit of members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$82,664,007$93,996,580▲ $11,332,573
Rtn Earn Endowment Incm Other Fnds$7,167,087$8,090,539▲ $923,452
Cash and Non-Interest-Bearing Accounts$4,637,195$4,031,654▼ $605,541
Savings and Temporary Cash Investments$2,868,685$3,758,650▲ $889,965
Land, Buildings, and Equipment, Net$3,494,473$3,388,003▼ $106,470
Prepaid Expenses and Deferred Charges$231,311$271,521▲ $40,210
Accounts Receivable$13,978$11,641▼ $2,337
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$95,673,079$107,155,522▲ $11,482,443
Other Assets Total$1,763,430$1,697,473▼ $65,957
Liabilities
Other Liabilities$84,913,745$91,019,255▲ $6,105,510
Mortgage Notes Payable Secured by Investment Property$3,400,000$7,800,000▲ $4,400,000
Accounts Payable and Accrued Expenses$192,247$245,728▲ $53,481
Total Liabilities$88,505,992$99,064,983▲ $10,558,991
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,167,087$8,090,539▲ $923,452
Total Liabilities and Net Assets / Fund Balance$95,673,079$107,155,522▲ $11,482,443

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,621,185$1,314,303$3,935,488
Equipment$207,251$922,681$1,129,932
Land$559,567-$559,567
Leasehold Improvements$0$35,918$35,918
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey MorseCEO/presidentFT$215,283$62,337$277,620
Jill FortierVP-CFOFT$95,448$18,600$114,048
Karen CedergrenVP-branch AdministrationFT$78,532$3,044$81,576
Ethan GrimesVP-mortgage LendingFT$74,434$2,760$77,194
Kimberly GougerVP-consumer LendingPT$55,115$2,036$57,151

Board Members and Trustees

NameTitle
James ValenteChair
Michael CooneyChairperson
Deborah CarpenterVice Chair
James BedardDirector
Richard CarrollDirector
Robin SweetappleDirector
Russell FarrarDirector
Samantha BovatDirector
Larry KraftSecretary
Adam WaiteSupervisory
George AnthesSupervisory
John MeyerSupervisory
Nader HashimSupervisory
Michael RogersTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Blue Cross Blue ShieldHealth InsurancePO BOX 1950, Brattleboro, VT 05302$444,241
Ims INCStatement Service245 COMMERCE BLVD, Liverpool, NY 13088$101,895
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,032,101
Investment Income
$-1,418
Other Revenue
$2,245,799
Change in Net Assets
$923,452

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,276,482
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$107,671
Total Revenue per Audited Statements
$7,384,153
Total Revenue per Form 990
$7,276,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,304,533
Other Expenses$2,895,423
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,820,832
All Other Expenses---$759,483
Other Employee Benefits---$625,220
Current Officers, Directors, Trustees, and Key Employees---$518,812
Office Expenses---$267,301
Occupancy---$248,093
Payroll Taxes---$203,751
Depreciation Depletion---$185,752
Other Expenses---$171,517
Benefits to Members---$153,074
Pension Plan Contributions---$135,918
Advertising---$131,301
Interest---$89,639
Insurance---$56,973
Travel---$54,226
Fees for Services Legal---$5,994
Total Functional Expenses$0$0$0$6,353,030

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,460,701
Expenses per Audited Statements$6,353,030
Total Expenses per Form 990$6,353,030
Expenses Not Reported on Form 990$107,671
Expenses Not Reported on Financial Statements$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
Member Deposits$91,019,255
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

“Entity is a credit union with 17,440 members.”

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

“The members of rvcu elect at least one member of the board of directors”

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

“Entity wide decisions including election of officers, merger and acquisition, and changes to by-laws or governing documents would require membership approval.”

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

“Form 990 is reviewed by the ceo and cfo prior to filing. Filing is reported to the board of directors and made available for review.”

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

“Related party questionnaires are completed by directors annually to determine any conflicting interests.”

Form 990, Part VI, Section B, Line 15

“Ceo compensation is reviewed and approved by a compensation committee of the board of directors. Officer compensation is initiated and approved by the ceo and considered by the board in annual budget reporting.”

Form 990, Part VI, Section C, Line 19

“Rvcu makes its documents available to the public by request with the exception of the financial statements which are posted in each branch lobby.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Deborah carpenter - 190 canoe brook road, e dummerston, vt 05346. Russell farrar - 2618 flamstead road, chester, vt 05143. James bedard - 186 maple street, brattleboro, vt 05301. Karen cedergren - po box 2532, w. Brattleboro, vt 05303. Kimberly gouger - 7 moss hollow lane, newfane, vt 05345. Jill fortier - 579 mt herman station road, northfield, ma 01360. Larry kraft - 12 pinebrook lane f-8, n. Springfield, vt 05150. Samantha bovat - 270 hill road, brookline, vt 05345. Richard carroll - 93 southern heights drive, vernon, vt 05354. Jeffrey morse - po box 538-6 namaschaug landing, spofford, nh 03462. Michael cooney - 146 newfane road, wardsboro, vt 05355. Michael rogers - 33 norcross landing, w chesterfield, nh 03466. Robin sweetapple - 84 oak street, brattleboro, vt 05301. James valente - 92 green street, brattleboro, vt 05301. George anthes - 39 olive street, brattleboro, vt 05301. Ethan grimes - po box 201, newfane, vt 05345. Adam waite - 154 high st apt 103, brattleboro, vt 05301. Nader hashim - 655 canoe brook road, dummerston, vt 05346. John meyer - po box 797, brattleboro, vt 05302.”

Filing and Contact Details

Filer

Filer Name
River Valley Credit Union
EIN
03-0196668
Phone
8022544800
Address
PO BOX 8366, NORTH BRATTLEBORO, VT 05304

Signing Officer

Name
Jill Fortier
Title
Chief Financial Officer
Phone
8022544800
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Fortier
Formed
1946
Legal Domicile
Vt
Voting Board Members
10
Independent Board Members
10
Employees
63
Volunteers
0

Preparer

Firm
Am Peisch & Company Llp
Address
24 AIRPORT ROAD SUITE 402, WEST LEBANON, NH 03784-1663
Preparer
Mandy C Giles CPA
Phone
6033060100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Profess. & outside services 135,470. Postage 120,728. Deposit services expense 72,395. Oreo expenses 68,602. Telephone 52,184. Dues/subscriptions 50,554. Statement services 41,610. Conference expense 39,803. Collection costs 34,946. Donations 27,906. Armored car & courier 21,443. Payroll fees 20,688. Meal expenses 19,366. Credit bureau costs 14,417. Atm costs 10,979. Vermont exam. Fees 9,372. Training 7,160. Board/committee costs 7,110. Annual meeting expenses 4,750.”

Financial Statement Notes

PART X, LINE 2:

“Generally accepted accounting standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The credit union is not aware of any such uncertain tax positions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses 58,662. Loss on sale of other real esate owned 49,009.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses 58,662. Loss on sale of other real estate owned 49,009.”

Raw XML AppendixShowing 400 of 514 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/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1478532
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1555115
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1695448
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17215283
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1874434
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SUPERVISORY
IRS990/Form990PartVIISectionAGrp/TitleTxt11SUPERVISORY
IRS990/Form990PartVIISectionAGrp/TitleTxt12SUPERVISORY
IRS990/Form990PartVIISectionAGrp/TitleTxt13SUPERVISORY
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP-BRANCH ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP-CONSUMER LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP-CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt17CEO/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP-MORTGAGE LENDING
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01946
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-49009
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0396586
IRS990/GrossReceiptsAmt07780739
IRS990/GrossRentsGrp/RealAmt053157
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt056973
IRS990/InterestGrp/TotalAmt089639
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt047591
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt047591
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt037
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02272902
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03494473
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03388003
IRS990/LandBldgEquipCostOrOtherBssAmt05660905
IRS990/LegalDomicileStateCd0VT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0445595
IRS990/LessRentalExpensesGrp/RealAmt058662
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0255926
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0345622
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt089696
IRS990/MissionDesc0TO OPERATE A STATE CHARTERED CREDIT UNION TO PROVIDE LOAN AND DEPOSIT SERVICES FOR THE BENEFIT OF ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03400000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07800000
IRS990/NetAssetsOrFundBalancesBOYAmt07167087
IRS990/NetAssetsOrFundBalancesEOYAmt08090539
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-49009
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-49009
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-5505
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-5505
IRS990/NetUnrelatedBusTxblIncmAmt0-52009
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0248093
IRS990/OfficeExpensesGrp/TotalAmt0267301
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01763430
IRS990/OtherAssetsTotalGrp/EOYAmt01697473
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0625220
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1DEBIT CARD FEES
IRS990/OtherExpensesGrp/Desc2INTERCEPT SERVICE ATM F
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/TotalAmt0387000
IRS990/OtherExpensesGrp/TotalAmt1345419
IRS990/OtherExpensesGrp/TotalAmt2192725
IRS990/OtherExpensesGrp/TotalAmt3171517
IRS990/OtherLiabilitiesGrp/BOYAmt084913745
IRS990/OtherLiabilitiesGrp/EOYAmt091019255
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0SERVICE FEES
IRS990/OtherRevenueMiscGrp/Desc1CARD PROCESSING FEES
IRS990/OtherRevenueMiscGrp/Desc2LOAN FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0993754
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1673149
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2238779
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0993754
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1673149
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2238779
IRS990/OtherRevenueTotalAmt02251304
IRS990/OtherSalariesAndWagesGrp/TotalAmt01820832
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt082664007
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt093996580
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0203751
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0135918
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0231311
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0271521
IRS990/PrincipalOfficerNm0JILL FORTIER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05032101
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05032101
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0147412
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022216
IRS990/PYOtherExpensesAmt02978642
IRS990/PYOtherRevenueAmt02188033
IRS990/PYProgramServiceRevenueAmt04369480
IRS990/PYRevenuesLessExpensesAmt0416805
IRS990/PYSalariesCompEmpBnftPaidAmt03036870
IRS990/PYTotalExpensesAmt06162924
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06579729
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0923452
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-5505
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07167087
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08090539
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02868685
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03758650
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02621185
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01314303
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03935488
IRS990ScheduleD/EquipmentGrp/BookValueAmt0207251
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0922681
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01129932
IRS990ScheduleD/ExpensesNotReportedAmt0107671
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06353030
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0559567
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0559567
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt035918
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt035918
IRS990ScheduleD/OtherExpensesIncludedAmt0107671
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt091019255
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0107671
IRS990ScheduleD/RevenueNotReportedAmt0107671
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07276482
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GENERALLY ACCEPTED ACCOUNTING STANDARDS PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE CREDIT UNION IS NOT AWARE OF ANY SUCH UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES 58,662. LOSS ON SALE OF OTHER REAL ESATE OWNED 49,009.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 58,662. LOSS ON SALE OF OTHER REAL ESTATE OWNED 49,009.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03388003
IRS990ScheduleD/TotalExpensesPerForm990Amt06353030
IRS990ScheduleD/TotalLiabilityAmt091019255
IRS990ScheduleD/TotalRevenuePerForm990Amt07276482
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07384153
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06460701
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0215283
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$107,155,522
Liabilities
$99,064,983
Net assets
$8,090,539
Revenue
$7,276,482
Expenses
$6,353,030
Net income
$923,452
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$6.99$6.51$0.48
2019Detailed filing. Detailed filing data is available for this year.$124$113$11.3$9.18$7.65$1.53
2018Detailed filing. Detailed filing data is available for this year.$115$105$9.77$8.41$6.73$1.68
2017Detailed filing. Detailed filing data is available for this year.$107$99.1$8.09$7.28$6.35$0.92
2016Detailed filing. Detailed filing data is available for this year.$95.7$88.5$7.17$6.58$6.16$0.42
2015Detailed filing. Detailed filing data is available for this year.$90.4$83.7$6.75$6.20$5.52$0.68
2014Detailed filing. Detailed filing data is available for this year.$84.9$78.8$6.07$5.85$5.43$0.42
2013Detailed filing. Detailed filing data is available for this year.$73.7$68.0$5.65$5.53$5.03$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.6$66.5$5.15$4.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.4$61.7$4.71$4.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.7$56.2$4.42$4.63