Civic Intelligence

Aldenville Credit Union

990 • Fiscal year 2016 • EIN 04-1020315

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 04, 2017

Organization ProfileWWW.ALDENCU.COM

View Organization Page

710 Grattan StreetChicopee, MA 01020

(413) 536-0475

Siviq Scores

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

Liabilities / Assets

96th percentile

0.93x

Higher debt load relative to assets than 96% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

59th percentile

19.25x

Higher debt load relative to revenue than 59% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Net Margin

14th percentile

3.3%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

86th percentile

$307,014

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Asset Growth

95th percentile

18%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

47th percentile

5.4%

Faster revenue growth than 47% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$160,486,946

Up $24,645,319 (+18%) from 2015

Net Assets

Down

$11,230,216

Down $1,474,194 (-12%) from 2015

Liabilities

Up

$149,256,730

Up $26,119,513 (+21%) from 2015

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin14th percentile

Revenue

Up

$7,755,505

Up $399,328 (+5.4%) from 2015

Expenses

Up

$7,495,820

Up $367,476 (+5.2%) from 2015

Net Income

Up

$259,685

Up $31,852 (+14%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$300M$200M$100M$0Assets 2011: $83,404,036Liabilities 2011: $72,252,932Net Assets 2011: $11,151,1042011Assets 2012: $102,449,700Liabilities 2012: $90,835,687Net Assets 2012: $11,614,0132012Assets 2013: $120,541,641Liabilities 2013: $110,456,486Net Assets 2013: $10,085,1552013Assets 2014: $139,713,189Liabilities 2014: $127,643,395Net Assets 2014: $12,069,7942014Assets 2015: $135,841,627Liabilities 2015: $123,137,217Net Assets 2015: $12,704,4102015Assets 2016: $160,486,946Liabilities 2016: $149,256,730Net Assets 2016: $11,230,2162016Assets 2017: $160,001,484Liabilities 2017: $149,049,979Net Assets 2017: $10,951,5052017Assets 2018: $164,262,617Liabilities 2018: $153,738,791Net Assets 2018: $10,523,8262018Assets 2019: $148,245,431Liabilities 2019: $135,192,794Net Assets 2019: $13,052,6372019Assets 2020: $174,535,444Liabilities 2020: $160,153,585Net Assets 2020: $14,381,8592020Assets 2021: $195,963,362Liabilities 2021: $181,301,751Net Assets 2021: $14,661,6112021Assets 2022: $195,454,691Liabilities 2022: $184,724,130Net Assets 2022: $10,730,5612022Assets 2023: $200,407,802Liabilities 2023: $189,092,315Net Assets 2023: $11,315,4872023Assets 2024: $194,057,008Liabilities 2024: $182,477,032Net Assets 2024: $11,579,9762024

Highlighted filing

2016

Assets$160,486,946
Liabilities$149,256,730
Net Assets$11,230,216
Open 2016 Filing

Operations Trend

Revenue Growth47th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $3,962,420Expenses 2011: $4,203,589Net Income 2011: -$241,1692011Expenses 2012: $4,361,2302012Revenue 2013: $5,926,595Expenses 2013: $5,457,706Net Income 2013: $468,8892013Revenue 2014: $7,102,450Expenses 2014: $6,578,688Net Income 2014: $523,7622014Revenue 2015: $7,356,177Expenses 2015: $7,128,344Net Income 2015: $227,8332015Revenue 2016: $7,755,505Expenses 2016: $7,495,820Net Income 2016: $259,6852016Revenue 2017: $7,540,254Expenses 2017: $7,774,164Net Income 2017: -$233,9102017Revenue 2018: $7,234,011Expenses 2018: $7,035,052Net Income 2018: $198,9592018Revenue 2019: $7,187,269Expenses 2019: $6,634,971Net Income 2019: $552,2982019Revenue 2020: $7,027,622Expenses 2020: $6,295,921Net Income 2020: $731,7012020Revenue 2021: $6,700,901Expenses 2021: $5,648,519Net Income 2021: $1,052,3822021Revenue 2022: $7,263,216Expenses 2022: $6,221,885Net Income 2022: $1,041,3312022Revenue 2023: $8,264,319Expenses 2023: $7,868,875Net Income 2023: $395,4442023Revenue 2024: $8,583,013Expenses 2024: $8,347,407Net Income 2024: $235,6062024

Highlighted filing

2016

Revenue$7,755,505
Expenses$7,495,820
Net Income$259,685
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 4, 2017
Return Version
2016v3.0
Gross Receipts
$7,755,505
Mission and Program Overview

Mission

Mutual credit union that provides financial services, primary deposit accounts and loans to members in the hampden and hampshire counties of massachusetts.

Credit union thrift services

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$107,368,994$109,036,859▲ $1,667,865
Investments in Publicly Traded Securities$16,253,355$40,135,017▲ $23,881,662
Rtn Earn Endowment Incm Other Fnds$12,704,410$11,230,216▼ $1,474,194
Savings and Temporary Cash Investments$2,892,906$3,752,597▲ $859,691
Cash and Non-Interest-Bearing Accounts$5,514,457$2,942,209▼ $2,572,248
Land, Buildings, and Equipment, Net$1,211,025$1,392,242▲ $181,217
Investments Other Securities$799,000$1,033,600▲ $234,600
Prepaid Expenses and Deferred Charges$123,911$230,164▲ $106,253
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$135,841,627$160,486,946▲ $24,645,319
Other Assets Total$1,677,979$1,964,258▲ $286,279
Liabilities
Other Liabilities$115,781,349$131,044,818▲ $15,263,469
Unsecured Notes Loans Payable$7,100,000$18,000,000▲ $10,900,000
Accounts Payable and Accrued Expenses$255,868$211,912▼ $43,956
Total Liabilities$123,137,217$149,256,730▲ $26,119,513
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,704,410$11,230,216▼ $1,474,194
Total Liabilities and Net Assets / Fund Balance$135,841,627$160,486,946▲ $24,645,319

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$521,064$1,740,245$2,261,309
Buildings$555,845$1,409,016$1,964,861
Land$309,496-$309,496
Leasehold Improvements$5,837$34,681$40,518
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam CorcoranPresident/CEOFT$264,313$42,701$307,014
Andrew MoisonCLO/COOFT$125,700$25,808$151,508
Kevin BerubeVice President of Member SolutionsFT$84,218$21,345$105,563
Deborah PouliotVP Hr & Special ProjectsFT$79,886$17,626$97,512
Laurie J RollinsVP of Finance/treasurerFT$75,798$8,209$84,007

Board Members and Trustees

NameTitle
David M HodgeChairman
Jay HambleyFirst Vice Chair
Benjamin SabbsDirector
Glenn BeauregardDirector
Jeffrey HugabonneDirector
John RoyDirector
Karen KirbyDirector
Marc DugreDirector
Kevin GarvinClerk

Highest Paid Contractors

ContractorServicesLocationCompensation
Allen MediaMarketing/advertising21 COLLEGE STREET, South Hadley, MA 01075$138,576
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,940,040
Investment Income
$815,465
Other Revenue
$0
Change in Net Assets
$259,685
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,336,791
Salaries, Compensation, and Employee Benefits$2,159,029
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$1,247,522
Other Salaries and Wages---$1,038,919
Current Officers, Directors, Trustees, and Key Employees---$742,604
Information Technology---$663,026
All Other Expenses---$398,907
Occupancy---$226,342
Depreciation Depletion---$204,142
Advertising---$164,877
Other Employee Benefits---$161,670
Payroll Taxes---$153,442
Other Expenses---$107,360
Fees for Services Other---$87,064
Insurance---$84,575
Office Expenses---$79,464
Pension Plan Contributions---$62,394
Fees for Services Legal---$49,534
Fees for Services Accounting---$49,500
Fees for Service Investment Mgmnt Fees---$25,617
Conferences and Meetings---$11,112
Total Functional Expenses$0$0$0$7,495,820
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 Shares and Deposit Accounts$130,733,512
Other Liabilities$311,306
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Persons who meet the requirements of the organization's field of membership who hold at least one share of the capital.”

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

“Each member has a vote at the election of the board of directors.”

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

“The forms 990 and 990t are prepared by a cpa firm. The board of directors will review the returns and this review will be documented in the meeting minutes.”

Form 990, Part VI, Section B, Line 15

“Based on performance goals. Increases for ceo, cfo, and clo are reviewed by the board of directors prior to employee evaluation and pay-out.”

Form 990, Part VI, Section C, Line 19

“Information is posted in credit union lobby and available upon request.”

Filing and Contact Details

Filer

Filer Name
Alden Credit Union
EIN
04-1020315
Phone
4135360475
Address
710 GRATTAN STREET, CHICOPEE, MA 01020

Signing Officer

Name
Adam Corcoran
Title
President & CEO
Phone
4135360475
Signed
2017-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Corcoran
Formed
1939
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
50
Volunteers
9

Preparer

Firm
G T Reilly & Company Inc
Address
424 ADAMS STREET, MILTON, MA 02186
Preparer
Giuseppe Femia CPA
Phone
6176968900
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Prior period adjustment to increase loan loss allowance at 12/31/15 -240,500.”

Raw XML AppendixShowing 400 of 454 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/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MUTUAL CREDIT UNION THAT PROVIDES FINANCIAL SERVICES, PRIMARY DEPOSIT ACCOUNTS AND LOANS TO MEMBERS IN THE HAMPDEN AND HAMPSHIRE COUNTIES OF MASSACHUSETTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt012704410
IRS990/NetAssetsOrFundBalancesEOYAmt011230216
IRS990/NetUnrelatedBusTxblIncmAmt0-14445
IRS990/NetUnrlzdGainsLossesInvstAmt0-1493379
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0226342
IRS990/OfficeExpensesGrp/TotalAmt079464
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01677979
IRS990/OtherAssetsTotalGrp/EOYAmt01964258
IRS990/OtherChangesInNetAssetsAmt0-240500
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0161670
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1DEBIT CARD EXPENSE
IRS990/OtherExpensesGrp/Desc2POSTAGE
IRS990/OtherExpensesGrp/Desc3VISA EXPENSE
IRS990/OtherExpensesGrp/TotalAmt01605000
IRS990/OtherExpensesGrp/TotalAmt1168858
IRS990/OtherExpensesGrp/TotalAmt2163891
IRS990/OtherExpensesGrp/TotalAmt3107360
IRS990/OtherLiabilitiesGrp/BOYAmt0115781349
IRS990/OtherLiabilitiesGrp/EOYAmt0131044818
IRS990/OtherSalariesAndWagesGrp/TotalAmt01038919
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0107368994
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0109036859
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0153442
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt062394
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0123911
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0230164
IRS990/PrincipalOfficerNm0ADAM CORCORAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1GAINS ON LOANS SOLD
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05143122
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1758416
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2538506
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05143122
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1758416
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2578947
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt040441
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0484282
IRS990/PYOtherExpensesAmt04840818
IRS990/PYOtherRevenueAmt01126695
IRS990/PYProgramServiceRevenueAmt05745200
IRS990/PYRevenuesLessExpensesAmt0227833
IRS990/PYSalariesCompEmpBnftPaidAmt02287526
IRS990/PYTotalExpensesAmt07128344
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07356177
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0259685
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012704410
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011230216
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02892906
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03752597
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0555845
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01409016
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01964861
IRS990ScheduleD/LandGrp/BookValueAmt0309496
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0309496
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05837
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt034681
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt040518
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0521064
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01740245
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02261309
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0130733512
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1311306
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01392242
IRS990ScheduleD/TotalLiabilityAmt0131044818
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0264313
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1125700
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
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/DeferredCompensationFlngOrgAmt029431
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt112569
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt013270
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt113239
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ADAM CORCORAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ANDREW MOISON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CLO/COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0307014
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1151508
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION OF THE PRESIDENT/CEO AND CLO/COO IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATION'S FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF THE CAPITAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORMS 990 AND 990T ARE PREPARED BY A CPA FIRM. THE BOARD OF DIRECTORS WILL REVIEW THE RETURNS AND THIS REVIEW WILL BE DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BASED ON PERFORMANCE GOALS. INCREASES FOR CEO, CFO, AND CLO ARE REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO EMPLOYEE EVALUATION AND PAY-OUT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INFORMATION IS POSTED IN CREDIT UNION LOBBY AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD ADJUSTMENT TO INCREASE LOAN LOSS ALLOWANCE AT 12/31/15 -240,500.
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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0135841627
IRS990/TotalAssetsEOYAmt0160486946
IRS990/TotalAssetsGrp/BOYAmt0135841627
IRS990/TotalAssetsGrp/EOYAmt0160486946
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/TotalAmt07495820
IRS990/TotalGrossUBIAmt040441
IRS990/TotalLiabilitiesBOYAmt0123137217
IRS990/TotalLiabilitiesEOYAmt0149256730
IRS990/TotalLiabilitiesGrp/BOYAmt0123137217
IRS990/TotalLiabilitiesGrp/EOYAmt0149256730
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012704410
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011230216
IRS990/TotalOtherCompensationAmt0115689
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0459555
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0459555
IRS990/TotalProgramServiceRevenueAmt06940040
IRS990/TotalReportableCompFromOrgAmt0629915
IRS990/TotalRevenueGrp/ExclusionAmt0815465
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06899599

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$160,486,946
Liabilities
$149,256,730
Net assets
$11,230,216
Revenue
$7,755,505
Expenses
$7,495,820
Net income
$259,685
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$194$182$11.6$8.58$8.35$0.24
2023Detailed filing. Detailed filing data is available for this year.$200$189$11.3$8.26$7.87$0.40
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$195$185$10.7$7.26$6.22$1.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$196$181$14.7$6.70$5.65$1.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$175$160$14.4$7.03$6.30$0.73
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$148$135$13.1$7.19$6.63$0.55
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$164$154$10.5$7.23$7.04$0.20
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$160$149$11.0$7.54$7.77$0.23
2016Detailed filing. Detailed filing data is available for this year.$160$149$11.2$7.76$7.50$0.26
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$136$123$12.7$7.36$7.13$0.23
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$140$128$12.1$7.10$6.58$0.52
2013Detailed filing. Detailed filing data is available for this year.$121$110$10.1$5.93$5.46$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$90.8$11.6$4.36
2011Summary only. Only limited summary data is available for this year.$83.4$72.3$11.2$3.96$4.20$0.24