Civic Intelligence

Sharon & Crescent Credit Union

990 • Fiscal year 2015 • EIN 04-1217290

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

Organization ProfileWWW.CRESCENTCREDIT.ORG

View Organization Page

PO Box 4290Brockton, MA 02303-4290

(508) 580-6511

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.87x

Higher debt load relative to assets than 22% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

22.26x

Higher debt load relative to revenue than 80% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Net Margin

64th percentile

17%

Higher net margin than 64% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Top Officer Pay

43rd percentile

$358,826

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2015

Asset Growth

8th percentile

1.2%

Faster asset growth than 8% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Revenue Growth

33rd percentile

3.3%

Faster revenue growth than 33% of similar nonprofits.

2015 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$434,556,512

Up $5,017,652 (+1.2%) from 2014

Net Assets

Up

$56,628,642

Up $2,714,273 (+5.0%) from 2014

Liabilities

Up

$377,927,870

Up $2,303,379 (+0.6%) from 2014

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin64th percentile

Revenue

Up

$16,977,536

Up $546,486 (+3.3%) from 2014

Expenses

Down

$14,124,648

Down $373,316 (-2.6%) from 2014

Net Income

Up

$2,852,888

Up $919,802 (+48%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$1.5B$1.0B$500M$0Assets 2010: $389,997,990Liabilities 2010: $342,873,990Net Assets 2010: $47,124,0002010Assets 2011: $405,253,009Liabilities 2011: $356,615,009Net Assets 2011: $48,638,0002011Assets 2012: $401,800,663Liabilities 2012: $351,680,236Net Assets 2012: $50,120,4272012Assets 2013: $425,618,925Liabilities 2013: $373,863,308Net Assets 2013: $51,755,6172013Assets 2014: $429,538,860Liabilities 2014: $375,624,491Net Assets 2014: $53,914,3692014Assets 2015: $434,556,512Liabilities 2015: $377,927,870Net Assets 2015: $56,628,6422015Assets 2016: $429,158,985Liabilities 2016: $369,380,684Net Assets 2016: $59,778,3012016Assets 2017: $425,875,266Liabilities 2017: $363,140,022Net Assets 2017: $62,735,2442017Assets 2018: $438,601,837Liabilities 2018: $373,549,909Net Assets 2018: $65,051,9282018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2022: $1,236,549,386Liabilities 2022: $1,100,001,377Net Assets 2022: $136,548,0092022

Highlighted filing

2015

Assets$434,556,512
Liabilities$377,927,870
Net Assets$56,628,642
Open 2015 Filing

Operations Trend

Revenue Growth33rd percentile

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

$40M$30M$20M$10M$0Expenses 2010: $17,414,3762010Expenses 2011: $17,777,4992011Expenses 2012: $16,644,8502012Revenue 2013: $17,100,905Expenses 2013: $15,914,786Net Income 2013: $1,186,1192013Revenue 2014: $16,431,050Expenses 2014: $14,497,964Net Income 2014: $1,933,0862014Revenue 2015: $16,977,536Expenses 2015: $14,124,648Net Income 2015: $2,852,8882015Revenue 2016: $18,741,480Expenses 2016: $15,632,530Net Income 2016: $3,108,9502016Revenue 2017: $19,094,559Expenses 2017: $16,168,079Net Income 2017: $2,926,4802017Revenue 2018: $18,630,554Expenses 2018: $16,099,298Net Income 2018: $2,531,2562018Revenue 2019: $19,582,828Expenses 2019: $17,842,152Net Income 2019: $1,740,6762019Revenue 2022: $39,986,184Expenses 2022: $32,131,703Net Income 2022: $7,854,4812022

Highlighted filing

2015

Revenue$16,977,536
Expenses$14,124,648
Net Income$2,852,888
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$17,194,947
Mission and Program Overview

Mission

To provide our members with the best possible financial products and services that a credit union can offer efficiently.

A cooperative society organized within a group of people operating under state and federal supervision providing a system for accumulating savings and credit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$355,218,579$360,860,313▲ $5,641,734
Rtn Earn Endowment Incm Other Fnds$53,914,369$56,628,642▲ $2,714,273
Investments Other Securities$56,187,658$51,138,155▼ $5,049,503
Land, Buildings, and Equipment, Net$9,569,002$9,381,610▼ $187,392
Cash and Non-Interest-Bearing Accounts$6,169,518$8,326,414▲ $2,156,896
Savings and Temporary Cash Investments$816,570$3,315,875▲ $2,499,305
Prepaid Expenses and Deferred Charges$324,962$289,525▼ $35,437
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$429,538,860$434,556,512▲ $5,017,652
Other Assets Total$1,252,571$1,244,620▼ $7,951
Liabilities
Other Liabilities$292,868,417$304,636,190▲ $11,767,773
Mortgage Notes Payable Secured by Investment Property$80,163,985$70,460,000▼ $9,703,985
Escrow Account Liability$1,427,304$1,523,457▲ $96,153
Accounts Payable and Accrued Expenses$1,164,785$1,308,223▲ $143,438
Total Liabilities$375,624,491$377,927,870▲ $2,303,379
Net Assets / Fund Balance
Total Net Assets Fund Balance$53,914,369$56,628,642▲ $2,714,273
Total Liabilities and Net Assets / Fund Balance$429,538,860$434,556,512▲ $5,017,652

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,152,773$3,068,340$8,221,113
Equipment$787,381$6,267,522$7,054,903
Land$3,066,196-$3,066,196
Leasehold Improvements$375,260$611,700$986,960
Other Securities$772,089--
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert W GustafsonPresident/CEOFT$269,648$90,210$359,858
Stephen SpoonerSenior VP/CFOFT$132,800$74,340$207,140
Nancy Van LentenMortgage OriginatorFT$136,843$8,734$145,577
Paul PijanowskiSenior VPFT$112,109$27,817$139,926
Cheryl MccormickVice PresidentFT$111,917$27,822$139,739
Donna MoranVice PresidentFT$110,936$27,679$138,615
Robert SimsDirector-$1,371$1,218$2,589
Paul MarinoDirector-$893$420$1,313
Howard SpillerVice ChairmanPT-$1,218$1,218
F Robert SilversteinDirector--$1,218$1,218
William RosaDirector-$601$420$1,021
Jean Caputo WilliamsVice ChairmanPT-$420$420
Antonio MacedoDirector--$420$420
Arthur SullivanDirector--$420$420
Herbert NagleDirector--$420$420
John KolentsasDirector--$420$420

Board Members and Trustees

NameTitle
James MihosChairman of the Board
Alfred NiccoliClerk
David GoodmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservLoan And Deposit Processing75 REMITTANCE DRIVE, Chicago, IL 60675$786,362
Gatehouse MediaAdvertisingPO BOX 845908, Boston, MA 02284$198,431
Lee And Mason Financial ServicesVsi InsurancePO BOX 270, Northville, NY 12134$159,759
Bfi Print CommunicationsPrinting602 BEDFORD STREET, Whitman, MA 02382$127,760
PaetecwindstreamTele-communicationsPO BOX 3177, Cedar Rapids, IA 52406-3177$114,541
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$16,187,863
Investment Income
$752,819
Other Revenue
$36,854
Change in Net Assets
$2,852,888

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,194,947
Revenue Not Reported on Financial Statements
$-217,411
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-217,411
Total Revenue per Audited Statements
$17,194,947
Total Revenue per Form 990
$16,977,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,628,498
Salaries, Compensation, and Employee Benefits$6,350,766
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,249,320
Occupancy---$1,274,884
Benefits to Members---$1,145,384
All Other Expenses---$1,115,757
Other Employee Benefits---$797,446
Interest---$681,971
Current Officers, Directors, Trustees, and Key Employees---$576,457
Depreciation Depletion---$513,789
Office Expenses---$493,422
Advertising---$416,945
Payroll Taxes---$393,863
Fees for Services Other---$340,381
Pension Plan Contributions---$333,680
Insurance---$150,740
Fees for Services Accounting---$121,500
Other Expenses---$85,254
Fees for Services Legal---$32,784
Conferences and Meetings---$25,570
Travel---$2,954
Total Functional Expenses$0$0$0$14,124,648

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,342,059
Expenses per Audited Statements$14,124,648
Total Expenses per Form 990$14,124,648
Expenses Not Reported on Form 990$217,411
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
Deposits$304,390,393
Other Liabilities$245,797
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 2

“Board members james mihos and david goodman have a business relationship.”

Form 990, Part VI, Section A, Line 6

“The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.”

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

“Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, or as vacancies arise, or otherwise.”

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

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”

Form 990, Part VI, Section B, Line 11

“Form 990 is prepared by rsm us llp utilizing information provided by the cfo. The cfo and ceo review the completed form and a copy is provided to the board of directors prior to filing form 990 with the irs.”

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

“All new employees sign a form acknowledging they understand and will abide by the policies contained in the employee handbook, including ethics and conflicts policy. All employees are required to participate in an on-line ethics training program each year and pass a quiz.”

Form 990, Part VI, Section B, Line 15

“The credit union utilizes survey data published by a third party source to establish salary ranges for all employees. The ceo recommends annual compensation adjustments for branch managers and officers to the personnel committee, which is comprised of board members. The personnel committee recommends compensation adjustments for the ceo, branch managers, and officers for vote.”

Form 990, Part VI, Section C, Line 19

“Current financial statements are posted annually at the main office, headquarters building, and each branch location. The governing documents and conflicts of interest policy are available upon request.”

Filing and Contact Details

Filer

Filer Name
Crescent Credit Union
EIN
04-1217290
Phone
5085806511
Address
PO BOX 4290, BROCKTON, MA 02303-4290

Signing Officer

Name
Robert Gustafson
Title
President/CEO
Phone
5085806511
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Gustafson
Formed
1919
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
13
Employees
125
Volunteers
12

Preparer

Firm
Rsm US Llp
Address
801 NICOLLET MALL SUITE 1100, MINNEAPOLIS, MN 55402
Preparer
Gerald B Kissell
Phone
6123324300
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The credit union escrows real estate tax payments from members who have mortgages which are periodically paid by the credit union to the city or town where the member resides.”

PART X, LINE 2:

“The credit union evaluated its tax positions and determined no uncertain tax positions exist as of december 31, 2015 or 2014.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental expense reclassed to revenue -217,411.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expense reclassed to revenue 217,411.”

Raw XML AppendixShowing 400 of 574 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/Desc0CRESCENT CREDIT UNION OFFERS A COMPLETE RANGE OF PERSONAL AND BUSINESS FINANCIAL SERVICES TO APPROXIMATELY 50,000 MEMBERS. THESE SERVICES INCLUDE CHECKING, SAVINGS, CERTIFICATES OF DEPOSIT, AND ALL TYPES OF LOANS, INCLUDING MORTGAGES, LINES OF CREDIT, EQUITY LOANS, PERSONAL LOANS AND CAR LOANS. AS OF 12/31/2015 THE CREDIT UNION HAD 14,533 LOANS OUTSTANDING, 15,929 CHECKING ACCOUNTS, 31,912 SAVINGS ACCOUNTS, AND 4,726 CERTIFICATE & IRA ACCOUNTS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1727679
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt188734
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT W GUSTAFSON
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES MIHOS
IRS990/Form990PartVIISectionAGrp/PersonNm2HOWARD SPILLER
IRS990/Form990PartVIISectionAGrp/PersonNm3JEAN CAPUTO WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID GOODMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5ALFRED NICCOLI
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm7F ROBERT SILVERSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm8HERBERT NAGLE
IRS990/Form990PartVIISectionAGrp/PersonNm9PAUL MARINO
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN KOLENTSAS
IRS990/Form990PartVIISectionAGrp/PersonNm11ANTONIO MACEDO
IRS990/Form990PartVIISectionAGrp/PersonNm12WILLIAM ROSA
IRS990/Form990PartVIISectionAGrp/PersonNm13ARTHUR SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm14STEPHEN SPOONER
IRS990/Form990PartVIISectionAGrp/PersonNm15PAUL PIJANOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm16CHERYL MCCORMICK
IRS990/Form990PartVIISectionAGrp/PersonNm17DONNA MORAN
IRS990/Form990PartVIISectionAGrp/PersonNm18NANCY VAN LENTEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0334110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt61371
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9893
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12601
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14174711
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15112109
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16111917
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17110936
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18136843
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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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/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14SENIOR VP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15SENIOR VP
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18MORTGAGE ORIGINATOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01919
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0120398
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0120398
IRS990/GrossReceiptsAmt017194947
IRS990/GrossRentsGrp/RealAmt0254265
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt0150740
IRS990/InterestGrp/TotalAmt0681971
IRS990/InvestmentIncomeGrp/ExclusionAmt0632421
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0632421
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt056187658
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt051138155
IRS990/IRPDocumentCnt034749
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09947562
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09569002
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09381610
IRS990/LandBldgEquipCostOrOtherBssAmt019329172
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt0217411
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE OUR MEMBERS WITH THE BEST POSSIBLE FINANCIAL PRODUCTS AND SERVICES THAT A CREDIT UNION CAN OFFER EFFICIENTLY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt080163985
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt070460000
IRS990/NetAssetsOrFundBalancesBOYAmt053914369
IRS990/NetAssetsOrFundBalancesEOYAmt056628642
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0120398
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0120398
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt017580
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt036854
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt019274
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-138615
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01274884
IRS990/OfficeExpensesGrp/TotalAmt0493422
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01252571
IRS990/OtherAssetsTotalGrp/EOYAmt01244620
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0797446
IRS990/OtherExpensesGrp/Desc0FISERV NSP EXPENSE
IRS990/OtherExpensesGrp/Desc1ATM EXPENSE
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOSS
IRS990/OtherExpensesGrp/TotalAmt0787605
IRS990/OtherExpensesGrp/TotalAmt1584942
IRS990/OtherExpensesGrp/TotalAmt285254
IRS990/OtherLiabilitiesGrp/BOYAmt0292868417
IRS990/OtherLiabilitiesGrp/EOYAmt0304636190
IRS990/OtherSalariesAndWagesGrp/TotalAmt04249320
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0355218579
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0360860313
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0393863
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0333680
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0324962
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0289525
IRS990/PrincipalOfficerNm0ROBERT GUSTAFSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3524292
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER NON-INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LOAN SERVICING FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12486356
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2922995
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3108792
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012349069
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12807007
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2922995
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3108792
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0320651
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IRS990/PYBenefitsPaidToMembersAmt01261746
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0646942
IRS990/PYOtherExpensesAmt06708411
IRS990/PYOtherRevenueAmt034209
IRS990/PYProgramServiceRevenueAmt015749899
IRS990/PYRevenuesLessExpensesAmt01933086
IRS990/PYSalariesCompEmpBnftPaidAmt06527807
IRS990/PYTotalExpensesAmt014497964
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt016431050
IRS990/ReconcilationRevenueExpnssAmt02852888
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt036854
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt053914369
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt056628642
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0816570
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03315875
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05152773
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03068340
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08221113
IRS990ScheduleD/EquipmentGrp/BookValueAmt0787381
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06267522
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07054903
IRS990ScheduleD/ExpensesNotReportedAmt0217411
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt014124648
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt03066196
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03066196
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0375260

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$434,556,512
Liabilities
$377,927,870
Net assets
$56,628,642
Revenue
$16,977,536
Expenses
$14,124,648
Net income
$2,852,888
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Summary only. Only limited summary data is available for this year.$1,237$1,100$137$40.0$32.1$7.85
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$19.6$17.8$1.74
2018Detailed filing. Detailed filing data is available for this year.$439$374$65.1$18.6$16.1$2.53
2017Detailed filing. Detailed filing data is available for this year.$426$363$62.7$19.1$16.2$2.93
2016Detailed filing. Detailed filing data is available for this year.$429$369$59.8$18.7$15.6$3.11
2015Detailed filing. Detailed filing data is available for this year.$435$378$56.6$17.0$14.1$2.85
2014Detailed filing. Detailed filing data is available for this year.$430$376$53.9$16.4$14.5$1.93
2013Detailed filing. Detailed filing data is available for this year.$426$374$51.8$17.1$15.9$1.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$402$352$50.1$16.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$405$357$48.6$17.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$390$343$47.1$17.4