Civic Intelligence

First Priority Credit Union

990 • Fiscal year 2014 • EIN 04-1106850

Jan 01, 2014 to Dec 31, 2014 • Filed on May 11, 2015

Organization ProfileWWW.FIRSTPRIORITYCU.COM

View Organization Page

100 Swift StreetEast Boston, MA 02128

(617) 482-4787

Siviq Scores

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

Liabilities / Assets

10th percentile

0.83x

Higher debt load relative to assets than 10% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

69th percentile

20.20x

Higher debt load relative to revenue than 69% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Net Margin

29th percentile

6.8%

Higher net margin than 29% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

27th percentile

$151,547

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Asset Growth

3rd percentile

-2.2%

Faster asset growth than 3% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

16th percentile

-3.6%

Faster revenue growth than 16% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets10th percentile

Assets

Down

$104,409,510

Down $2,391,408 (-2.2%) from 2013

Net Assets

Up

$18,028,871

Up $1,017,549 (+6.0%) from 2013

Liabilities

Down

$86,380,639

Down $3,408,957 (-3.8%) from 2013

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin29th percentile

Revenue

Down

$4,275,474

Down $158,753 (-3.6%) from 2013

Expenses

Down

$3,983,500

Down $329,536 (-7.6%) from 2013

Net Income

Up

$291,974

Up $170,783 (+141%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$150M$100M$50M$0Assets 2010: $127,936,486Liabilities 2010: $110,624,169Net Assets 2010: $17,312,3172010Assets 2011: $121,923,182Liabilities 2011: $103,915,747Net Assets 2011: $18,007,4352011Assets 2012: $113,530,444Liabilities 2012: $95,725,472Net Assets 2012: $17,804,9722012Assets 2013: $106,800,918Liabilities 2013: $89,789,596Net Assets 2013: $17,011,3222013Assets 2014: $104,409,510Liabilities 2014: $86,380,639Net Assets 2014: $18,028,8712014Assets 2015: $105,041,550Liabilities 2015: $86,505,426Net Assets 2015: $18,536,1242015Assets 2016: $104,975,572Liabilities 2016: $86,406,345Net Assets 2016: $18,569,2272016Assets 2017: $106,213,638Liabilities 2017: $87,258,816Net Assets 2017: $18,954,8222017Assets 2018: $105,997,996Liabilities 2018: $86,786,399Net Assets 2018: $19,211,5972018Assets 2019: $105,907,823Liabilities 2019: $86,237,090Net Assets 2019: $19,670,7332019Assets 2020: $117,976,564Liabilities 2020: $99,580,753Net Assets 2020: $18,395,8112020Assets 2024: $129,146,678Liabilities 2024: $112,173,710Net Assets 2024: $16,972,9682024

Highlighted filing

2014

Assets$104,409,510
Liabilities$86,380,639
Net Assets$18,028,871
Open 2014 Filing

Operations Trend

Revenue Growth16th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $6,530,7392010Expenses 2011: $5,834,7582011Expenses 2012: $5,087,4172012Revenue 2013: $4,434,227Expenses 2013: $4,313,036Net Income 2013: $121,1912013Revenue 2014: $4,275,474Expenses 2014: $3,983,500Net Income 2014: $291,9742014Revenue 2015: $4,357,341Expenses 2015: $3,903,213Net Income 2015: $454,1282015Revenue 2016: $4,181,997Expenses 2016: $3,928,075Net Income 2016: $253,9222016Revenue 2017: $4,287,012Expenses 2017: $3,887,300Net Income 2017: $399,7122017Revenue 2018: $4,447,479Expenses 2018: $4,186,237Net Income 2018: $261,2422018Revenue 2019: $4,612,455Expenses 2019: $4,500,722Net Income 2019: $111,7332019Revenue 2020: $3,753,355Expenses 2020: $5,034,153Net Income 2020: -$1,280,7982020Revenue 2024: $6,183,455Expenses 2024: $5,667,423Net Income 2024: $516,0322024

Highlighted filing

2014

Revenue$4,275,474
Expenses$3,983,500
Net Income$291,974
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 11, 2015
Return Version
2014v5.0
Gross Receipts
$4,275,474
Mission and Program Overview

Mission

Maintenance of member share and deposit accounts and the payment of interest thereon. Lending and investing of member deposits at market interest.

Maintenance of member share and deposit accounts and the payment of interest thereon

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$58,187,344$62,585,664▲ $4,398,320
Savings and Temporary Cash Investments$26,190,504$19,237,686▼ $6,952,818
Rtn Earn Endowment Incm Other Fnds$17,011,322$18,028,871▲ $1,017,549
Investments in Publicly Traded Securities$12,827,800$13,553,375▲ $725,575
Land, Buildings, and Equipment, Net$6,833,170$6,556,667▼ $276,503
Cash and Non-Interest-Bearing Accounts$993,052$988,988▼ $4,064
Prepaid Expenses and Deferred Charges$347,416$375,473▲ $28,057
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$106,800,918$104,409,510▼ $2,391,408
Other Assets Total$1,421,632$1,111,657▼ $309,975
Liabilities
Other Liabilities$89,348,446$85,926,327▼ $3,422,119
Accounts Payable and Accrued Expenses$441,150$454,312▲ $13,162
Total Liabilities$89,789,596$86,380,639▼ $3,408,957
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,011,322$18,028,871▲ $1,017,549
Total Liabilities and Net Assets / Fund Balance$106,800,918$104,409,510▼ $2,391,408

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,827,172$612,334$0
Other Land Buildings$0$0$0
Land$2,492,128-$0
Equipment$233,283$1,793,289$0
Leasehold Improvements$4,084$188,547$0
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert BartolPresidentFT$146,547$5,000$151,547
Tommy LuuCFOFT$103,063-$103,063
Stephen TassinariBoard Member-$20,539-$20,539
Joseph TierneyBoard Member-$6,289-$6,289
Paul RizzoBoard Member-$5,894-$5,894
Martin ScafidiBoard Member-$5,131-$5,131
John G Coyne JrBoard Member-$3,629-$3,629
John LacroixBoard Member-$3,258-$3,258
Alexander CicconeBoard Member-$3,226-$3,226
John CascianoTreasurer-$3,104-$3,104
Robert LosiChairman-$2,442-$2,442
Carlton TarpinianBoard Member-$2,254-$2,254

Board Members and Trustees

NameTitle
Anthony DeStefanoBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,275,474
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$291,974

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,275,474
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$4,275,474
Total Revenue per Form 990
$4,275,474
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,295,399
Salaries, Compensation, and Employee Benefits$1,688,101
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$920,662
Interest---$374,259
Office Expenses---$345,764
Depreciation Depletion---$333,987
Current Officers, Directors, Trustees, and Key Employees---$310,376
All Other Expenses---$223,429
Pension Plan Contributions---$169,231
Other Employee Benefits---$159,132
Payroll Taxes---$128,700
Occupancy---$124,429
Information Technology---$105,314
Other Expenses---$82,559
Fees for Services Accounting---$80,000
Advertising---$73,233
Insurance---$46,973
Conferences and Meetings---$6,442
Total Functional Expenses$0$0$0$3,983,500

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,983,500
Total Expenses per Audited Statements$3,983,500
Total Expenses per Form 990$3,983,500
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
Member Share and Deposit Accounts$85,926,327
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
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

“The organization is made up of members who pay 25.00 to open an account with the credit union.”

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

“The organization has members who may run for a seat of the governing body if they choose to do so.”

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

“There are certain decisions that require a vote of the membership before they can become effective.”

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

“Form 990 is prepared by the President and is reviewed by the Chief Financial Officer before it is submitted to the IRS.”

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

“The Directors and employees of the credit union have to read and sign the policy on an annual basis.”

Form 990, Part VI, Section B, Line 15

“The President is under contract and his salary is set by the Personnell Committee who is made up of three Board of Directors. The salary of the CFO is determined by the President. The credit union references a compensation survey that was conducted by an independent firm that looks at other financial institutions and comes up with comparative salaries.”

Form 990, Part VI, Section C, Line 19

“Upon request, these documents are made available to the public.”

Filing and Contact Details

Filer

Filer Name
First Priority Credit Union
EIN
04-1106850
Phone
6174824787
Address
100 Swift Street, East Boston, MA 02128

Signing Officer

Name
Robert Bartol
Title
CFO
Phone
6174824787
Signed
2015-05-11

Organization Details

Formed
1924
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
28
Volunteers
0
Raw XML AppendixShowing 400 of 464 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/OtherAssetsTotalGrp/EOYAmt01111657
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0159132
IRS990/OtherExpensesGrp/Desc0ATM Costs
IRS990/OtherExpensesGrp/Desc1Provision for Loan Loss
IRS990/OtherExpensesGrp/Desc2Loan Services - OREO Expenses
IRS990/OtherExpensesGrp/Desc3Bank Charges - NCUSIF Expense
IRS990/OtherExpensesGrp/TotalAmt0308471
IRS990/OtherExpensesGrp/TotalAmt163422
IRS990/OtherExpensesGrp/TotalAmt2127117
IRS990/OtherExpensesGrp/TotalAmt382559
IRS990/OtherLiabilitiesGrp/BOYAmt089348446
IRS990/OtherLiabilitiesGrp/EOYAmt085926327
IRS990/OtherOrganizationDsc0State Chartered Credit Union
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0920662
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt058187344
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt062585664
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0128700
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0169231
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0347416
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0375473
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0First Priority Credit Union
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Interest on Investments
IRS990/ProgramServiceRevenueGrp/Desc2Other Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03306164
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1361168
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2608142
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03306164
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1361168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2608142
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02673002
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04434227
IRS990/PYRevenuesLessExpensesAmt0121191
IRS990/PYSalariesCompEmpBnftPaidAmt01640034
IRS990/PYTotalExpensesAmt04313036
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04434227
IRS990/ReconcilationRevenueExpnssAmt0291974
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt017011322
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt018028871
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026190504
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019237686
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03827172
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0612334
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt04439506
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0233283
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01793289
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt02026572
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03983500
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt02492128
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02492128
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04084
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0188547
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0192631
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/Amt085926327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Share and Deposit Accounts
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04275474
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06556667
IRS990ScheduleD/TotalExpensesPerForm990Amt03983500
IRS990ScheduleD/TotalLiabilityAmt085926327
IRS990ScheduleD/TotalRevenuePerForm990Amt04275474
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04275474
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03983500
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0146547
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount05000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt0139590
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Robert Bartol
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0151547
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization is made up of members who pay 25.00 to open an account with the credit union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has members who may run for a seat of the governing body if they choose to do so.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are certain decisions that require a vote of the membership before they can become effective.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is prepared by the President and is reviewed by the Chief Financial Officer before it is submitted to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Directors and employees of the credit union have to read and sign the policy on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The President is under contract and his salary is set by the Personnell Committee who is made up of three Board of Directors. The salary of the CFO is determined by the President. The credit union references a compensation survey that was conducted by an independent firm that looks at other financial institutions and comes up with comparative salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Upon request, these documents are made available to the public.
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0106800918
IRS990/TotalAssetsEOYAmt0104409510

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$104,409,510
Liabilities
$86,380,639
Net assets
$18,028,871
Revenue
$4,275,474
Expenses
$3,983,500
Net income
$291,974
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$112$17.0$6.18$5.67$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$99.6$18.4$3.75$5.03$1.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$106$86.2$19.7$4.61$4.50$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$106$86.8$19.2$4.45$4.19$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$106$87.3$19.0$4.29$3.89$0.40
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$86.4$18.6$4.18$3.93$0.25
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$105$86.5$18.5$4.36$3.90$0.45
2014Detailed filing. Detailed filing data is available for this year.$104$86.4$18.0$4.28$3.98$0.29
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$107$89.8$17.0$4.43$4.31$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$95.7$17.8$5.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$122$104$18.0$5.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$111$17.3$6.53