Civic Intelligence

Members Advantage Community Credit Union

990 • Fiscal year 2019 • EIN 03-6005430

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 30, 2020

Organization ProfileWWW.MACCU.ORG

View Organization Page

PO BOX 745 265 South Main StBarre, VT 05641

(802) 479-9411

Siviq Scores

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

Liabilities / Assets

55th percentile

0.89x

Higher debt load relative to assets than 55% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

18.97x

Higher debt load relative to revenue than 76% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Net Margin

35th percentile

10%

Higher net margin than 35% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

77th percentile

$285,263

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Asset Growth

30th percentile

2.1%

Faster asset growth than 30% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2019

Revenue Growth

45th percentile

7.6%

Faster revenue growth than 45% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$138,850,482

Up $5,647,132 (+4.2%) from 2017

Net Assets

Up

$15,255,426

Up $1,591,837 (+12%) from 2017

Liabilities

Up

$123,595,056

Up $4,055,295 (+3.4%) from 2017

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin35th percentile

Revenue

Up

$6,514,686

Up $884,497 (+16%) from 2017

Expenses

Up

$5,856,626

Up $1,318,974 (+29%) from 2017

Net Income

Down

$658,060

Down $434,477 (-40%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$600M$400M$200M$0Assets 2011: $72,078,245Liabilities 2011: $65,238,552Net Assets 2011: $6,839,6932011Assets 2017: $133,203,350Liabilities 2017: $119,539,761Net Assets 2017: $13,663,5892017Assets 2019: $138,850,482Liabilities 2019: $123,595,056Net Assets 2019: $15,255,4262019Assets 2020: $327,456,002Liabilities 2020: $298,280,290Net Assets 2020: $29,175,7122020Assets 2021: $364,670,172Liabilities 2021: $334,453,420Net Assets 2021: $30,216,7522021Assets 2022: $375,569,734Liabilities 2022: $342,930,992Net Assets 2022: $32,638,7422022Assets 2023: $391,520,036Liabilities 2023: $350,224,904Net Assets 2023: $41,295,1322023Assets 2024: $416,360,161Liabilities 2024: $367,195,031Net Assets 2024: $49,165,1302024

Highlighted filing

2019

Assets$138,850,482
Liabilities$123,595,056
Net Assets$15,255,426
Open 2019 Filing

Operations Trend

Revenue Growth45th percentile

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

$40M$30M$20M$10M$0Revenue 2011: $3,510,653Expenses 2011: $2,914,297Net Income 2011: $596,3562011Revenue 2017: $5,630,189Expenses 2017: $4,537,652Net Income 2017: $1,092,5372017Revenue 2019: $6,514,686Expenses 2019: $5,856,626Net Income 2019: $658,0602019Revenue 2020: $9,816,119Expenses 2020: $7,669,695Net Income 2020: $2,146,4242020Revenue 2021: $13,256,180Expenses 2021: $12,215,140Net Income 2021: $1,041,0402021Revenue 2022: $16,122,320Expenses 2022: $13,700,330Net Income 2022: $2,421,9902022Revenue 2023: $25,836,101Expenses 2023: $17,643,301Net Income 2023: $8,192,8002023Revenue 2024: $30,077,912Expenses 2024: $22,207,914Net Income 2024: $7,869,9982024

Highlighted filing

2019

Revenue$6,514,686
Expenses$5,856,626
Net Income$658,060
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 30, 2020
Return Version
2019v5.0
Gross Receipts
$6,514,686
Mission and Program Overview

Mission

Credit Union - Services directly related to credit union operations providing automobile, home equity, and personal loans to a membership of approximately 34,000.

Credit Union - Services directly related to credit union operations providing automobile, home equity, and personal loans to a membership of approximately 16,000.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$54,692,033$64,803,280▲ $10,111,247
Other Notes and Loans Receivable, Net$63,522,820$62,916,614▼ $606,206
Rtn Earn Endowment Incm Other Fnds$14,597,366$15,255,426▲ $658,060
Land, Buildings, and Equipment, Net$5,476,029$5,480,328▲ $4,299
Cash and Non-Interest-Bearing Accounts$1,579,758$1,338,716▼ $241,042
Prepaid Expenses and Deferred Charges$166,938$236,681▲ $69,743
Accounts Receivable$152,619$148,515▼ $4,104
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$129,573,577$138,850,482▲ $9,276,905
Other Assets Total$3,983,380$3,926,348▼ $57,032
Liabilities
Other Liabilities$114,225,861$123,157,894▲ $8,932,033
Accounts Payable and Accrued Expenses$750,350$437,162▼ $313,188
Total Liabilities$114,976,211$123,595,056▲ $8,618,845
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,597,366$15,255,426▲ $658,060
Total Liabilities and Net Assets / Fund Balance$129,573,577$138,850,482▲ $9,276,905

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,073,522$141,365$4,214,887
Land$1,074,272-$1,074,272
Equipment$332,534$111,021$443,555
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sean GammonExec Director/CEOFT$245,210$40,053$285,263
Chuck KarparisVice President of LendingFT$122,927-$122,927
Stacey BenoitVice President OperationsFT$110,639-$110,639

Board Members and Trustees

NameTitle
Jeff MobusBoard Chair/President
Owen ShindlerBoard Vice Chair
Anne Marie HestnesHarrisBoard Member
Gary AdamskiBoard Member
Mary McFaunBoard Member
Nancy GilbertBoard Treasurer
John SamaDirector
Wallace OsgoodDirector
Mary HullSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,250,741
Investment Income
$1,263,945
Other Revenue
$0
Change in Net Assets
$658,060

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,514,686
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$6,514,686
Total Revenue per Form 990
$6,514,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,892,387
Other Expenses$2,395,783
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,756,590
Benefits to Members---$568,456
Current Officers, Directors, Trustees, and Key Employees---$518,829
Office Expenses---$379,574
Occupancy---$373,586
Other Employee Benefits---$298,819
Depreciation Depletion---$252,386
Advertising---$214,616
Payroll Taxes---$177,128
All Other Expenses---$174,745
Pension Plan Contributions---$141,021
Travel---$82,767
Insurance---$49,989
Other Expenses---$-49,400
Total Functional Expenses$0$0$0$5,856,626

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,856,626
Total Expenses per Audited Statements$5,856,626
Total Expenses per Form 990$5,856,626
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Other liabilities comprised of member shares$123,157,894
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
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

“Yes, approximately 16,000 members.”

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

“The governing body is elected by the membership.”

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

“Yes, bylaw changes and merger decisions must be approved by the membership.”

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

“Reviewed by a combination of the CEO, management team and president of the Board of Directors.”

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

“Through monthly Board meetings, Supervisory Committee review, Management review and annual policy review. Potential loan conflicts are reviewed with each loan request and documented approval is in each file.”

Form 990, Part VI, Section B, Line 15

“A detailed comparability analysis took place for the CEO's salary in January 2020 and previously in January 2019.”

Form 990, Part VI, Section C, Line 17

“None”

Form 990, Part VI, Section C, Line 19

“Financials are posted monthly at all of our office locations and also distributed at our annual meeting. Other documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Members Advantage Community Credit Union
EIN
03-6005430
Phone
8024799411
Address
PO BOX 745 265 South Main St, BARRE, VT 05641

Signing Officer

Name
AnnMarie Jermy
Title
Accounting Manager
Phone
8024799411
Signed
2020-06-30

Organization Details

Principal Officer
Sean Gammon
Formed
1953
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
62
Volunteers
25
Raw XML AppendixShowing 400 of 485 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0750350
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0437162
IRS990/AccountsReceivableGrp/BOYAmt0152619
IRS990/AccountsReceivableGrp/EOYAmt0148515
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Credit Union - Services directly related to credit union operations providing automobile, home equity, and personal loans to a membership of approximately 16,000.
IRS990/AdvertisingGrp/TotalAmt0214616
IRS990/AllOtherExpensesGrp/TotalAmt0174745
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/TotalAmt0568456
IRS990/BooksInCareOfDetail/PersonNm0Sean Gammon
IRS990/BooksInCareOfDetail/PhoneNum08028614570
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 745 265 South Main St
IRS990/BooksInCareOfDetail/USAddress/CityNm0BARRE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd005641
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01579758
IRS990/CashNonInterestBearingGrp/EOYAmt01338716
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0518829
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt0568456
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01263945
IRS990/CYOtherExpensesAmt02395783
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt05250741
IRS990/CYRevenuesLessExpensesAmt0658060
IRS990/CYSalariesCompEmpBnftPaidAmt02892387
IRS990/CYTotalExpensesAmt05856626
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06514686
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0252386
IRS990/Desc0Membership benefit programs and services directly related to Credit Union operations providing automobile, home equity, and personal loans to a membership of approximately 16,000.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt062
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt050
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt145
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt245
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0Sean Gammon
IRS990/Form990PartVIISectionAGrp/PersonNm1Chuck Karparis
IRS990/Form990PartVIISectionAGrp/PersonNm2Stacey Benoit
IRS990/Form990PartVIISectionAGrp/PersonNm3Mary Hull
IRS990/Form990PartVIISectionAGrp/PersonNm4Anne Marie HestnesHarris
IRS990/Form990PartVIISectionAGrp/PersonNm5Gary Adamski
IRS990/Form990PartVIISectionAGrp/PersonNm6Nancy Gilbert
IRS990/Form990PartVIISectionAGrp/PersonNm7Jeff Mobus
IRS990/Form990PartVIISectionAGrp/PersonNm8Mary McFaun
IRS990/Form990PartVIISectionAGrp/PersonNm9Owen Shindler
IRS990/Form990PartVIISectionAGrp/PersonNm10Wallace Osgood
IRS990/Form990PartVIISectionAGrp/PersonNm11John Sama
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0285263
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1122927
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2110639
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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/TitleTxt0Exec Director/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President of Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Chair/President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01953
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06514686
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt049989
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01263945
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01263945
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0252386
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05476029
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05480328
IRS990/LandBldgEquipCostOrOtherBssAmt05732714
IRS990/LegalDomicileStateCd0VT
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Credit Union - Services directly related to credit union operations providing automobile, home equity, and personal loans to a membership of approximately 16,000.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt014597366
IRS990/NetAssetsOrFundBalancesEOYAmt015255426
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0373586
IRS990/OfficeExpensesGrp/TotalAmt0379574
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03983380
IRS990/OtherAssetsTotalGrp/EOYAmt03926348
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0298819
IRS990/OtherExpensesGrp/Desc0Loan Servicing Expense
IRS990/OtherExpensesGrp/Desc1Professional Services
IRS990/OtherExpensesGrp/Desc2Provision for Loan Loss
IRS990/OtherExpensesGrp/Desc3NCUSIF Refund
IRS990/OtherExpensesGrp/TotalAmt0199402
IRS990/OtherExpensesGrp/TotalAmt1238618
IRS990/OtherExpensesGrp/TotalAmt2479500
IRS990/OtherExpensesGrp/TotalAmt3-49400
IRS990/OtherLiabilitiesGrp/BOYAmt0114225861
IRS990/OtherLiabilitiesGrp/EOYAmt0123157894
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt01756590
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt063522820
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt062916614
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0177128
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0141021
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0166938
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0236681
IRS990/PrincipalOfficerNm0Sean Gammon
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/Desc0Home Equity/Mortgage Loan Interest
IRS990/ProgramServiceRevenueGrp/Desc1Auto/Personal/Misc Loan Interest
IRS990/ProgramServiceRevenueGrp/Desc2Visa Credit Card Interest Income
IRS990/ProgramServiceRevenueGrp/Desc3Fees and Interchange Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01449553
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12343174
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2251388
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31206626
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01449553
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12343174
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2251388
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31206626
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0415549
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0994534
IRS990/PYOtherExpensesAmt02135960
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05165880
IRS990/PYRevenuesLessExpensesAmt0933777
IRS990/PYSalariesCompEmpBnftPaidAmt02675128
IRS990/PYTotalExpensesAmt05226637
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06160414
IRS990/ReconcilationRevenueExpnssAmt0658060
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014597366
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt015255426
IRS990/SavingsAndTempCashInvstGrp/BOYAmt054692033
IRS990/SavingsAndTempCashInvstGrp/EOYAmt064803280
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04073522
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0141365
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04214887
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0332534
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111021
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0443555
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05856626
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt01074272
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01074272
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0123157894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other liabilities comprised of member shares
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06514686
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05480328
IRS990ScheduleD/TotalExpensesPerForm990Amt05856626
IRS990ScheduleD/TotalLiabilityAmt0123157894
IRS990ScheduleD/TotalRevenuePerForm990Amt06514686
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06514686
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05856626
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0245210
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt040053
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Sean Gammon
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Exec Director/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0285263
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Schedule J, Part I, Line 1a - Small spousal/family travel expense reimbursement is allowed. Total expense in this area is approximately $350. The CEO receives a country club membership which is included in his income figure.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1The CEO received a 457f distribution of $34,012 which is included in his income figure.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 1a
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule J, Part I, Line 4
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Yes, approximately 16,000 members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The governing body is elected by the membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Yes, bylaw changes and merger decisions must be approved by the membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Reviewed by a combination of the CEO, management team and president of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Through monthly Board meetings, Supervisory Committee review, Management review and annual policy review. Potential loan conflicts are reviewed with each loan request and documented approval is in each file.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A detailed comparability analysis took place for the CEO's salary in January 2020 and previously in January 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6None
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Financials are posted monthly at all of our office locations and also distributed at our annual meeting. Other documents are available upon request.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$138,850,482
Liabilities
$123,595,056
Net assets
$15,255,426
Revenue
$6,514,686
Expenses
$5,856,626
Net income
$658,060
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$416$367$49.2$30.1$22.2$7.87
2023Detailed filing. Detailed filing data is available for this year.$392$350$41.3$25.8$17.6$8.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$376$343$32.6$16.1$13.7$2.42
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$365$334$30.2$13.3$12.2$1.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$327$298$29.2$9.82$7.67$2.15
2019Detailed filing. Detailed filing data is available for this year.$139$124$15.3$6.51$5.86$0.66
2017Summary only. Only limited summary data is available for this year.$133$120$13.7$5.63$4.54$1.09
2011Summary only. Only limited summary data is available for this year.$72.1$65.2$6.84$3.51$2.91$0.60