Civic Intelligence

Sharon & Crescent Credit Union

990 • Fiscal year 2016 • EIN 04-1217290

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

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

17th percentile

0.86x

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

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

19.71x

Higher debt load relative to revenue than 62% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

45th percentile

$374,541

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Asset Growth

5th percentile

-1.2%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

10%

Faster revenue growth than 70% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$429,158,985

Down $5,397,527 (-1.2%) from 2015

Net Assets

Up

$59,778,301

Up $3,149,659 (+5.6%) from 2015

Liabilities

Down

$369,380,684

Down $8,547,186 (-2.3%) from 2015

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin70th percentile

Revenue

Up

$18,741,480

Up $1,763,944 (+10%) from 2015

Expenses

Up

$15,632,530

Up $1,507,882 (+11%) from 2015

Net Income

Up

$3,108,950

Up $256,062 (+9.0%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth5th 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

2016

Assets$429,158,985
Liabilities$369,380,684
Net Assets$59,778,301
Open 2016 Filing

Operations Trend

Revenue Growth70th 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

2016

Revenue$18,741,480
Expenses$15,632,530
Net Income$3,108,950
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$24,177,616
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$360,860,313$354,579,230▼ $6,281,083
Rtn Earn Endowment Incm Other Fnds$56,628,642$59,778,301▲ $3,149,659
Investments Other Securities$51,138,155$49,878,879▼ $1,259,276
Cash and Non-Interest-Bearing Accounts$8,326,414$11,246,041▲ $2,919,627
Land, Buildings, and Equipment, Net$9,381,610$9,910,525▲ $528,915
Savings and Temporary Cash Investments$3,315,875$2,099,227▼ $1,216,648
Prepaid Expenses and Deferred Charges$289,525$231,357▼ $58,168
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$434,556,512$429,158,985▼ $5,397,527
Other Assets Total$1,244,620$1,213,726▼ $30,894
Liabilities
Other Liabilities$304,636,190$310,598,959▲ $5,962,769
Mortgage Notes Payable Secured by Investment Property$70,460,000$55,814,000▼ $14,646,000
Escrow Account Liability$1,523,457$1,563,428▲ $39,971
Accounts Payable and Accrued Expenses$1,308,223$1,404,297▲ $96,074
Total Liabilities$377,927,870$369,380,684▼ $8,547,186
Net Assets / Fund Balance
Total Net Assets Fund Balance$56,628,642$59,778,301▲ $3,149,659
Total Liabilities and Net Assets / Fund Balance$434,556,512$429,158,985▼ $5,397,527

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,012,935$3,299,519$8,312,454
Equipment$1,483,386$6,549,975$8,033,361
Land$3,066,196-$3,066,196
Leasehold Improvements$348,008$638,952$986,960
Other Securities$879,074--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert W GustafsonPresident/CEOFT$275,215$100,061$375,276
Stephen SpoonerSenior VP/CFOFT$134,950$83,948$218,898
Paul PijanowskiSenior VPFT$101,704$58,707$160,411
Mark HennessyVice PresidentFT$114,400$44,668$159,068
Cheryl MccormickVice PresidentFT$116,887$31,113$148,000
Donna MoranVice PresidentFT$115,291$30,962$146,253
Robert SimsDirector-$1,905$1,218$3,123
F Robert SilversteinDirector-$354$1,218$1,572
Howard SpillerVice ChairmanPT-$1,218$1,218
Arthur SullivanDirector-$370$420$790
Paul MarinoDirector-$268$420$688
Jean Caputo WilliamsVice ChairmanPT-$420$420
Antonio MacedoDirector--$420$420
Herbert NagleDirector--$420$420
John KolentsasDirector--$420$420
William RosaDirector--$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$835,358
Lee And Mason Financial ServicesVsi InsurancePO BOX 270, Northville, NY 12134$188,156
Gatehouse MediaAdvertisingPO BOX 845908, Boston, MA 02284$166,625
Bfi Print CommunicationsPrinting602 BEDFORD STREET, Whitman, MA 02382$114,560
PaetecwindstreamTele-communicationsPO BOX 3177, Cedar Rapids, IA 52406-3177$106,401
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,793,269
Investment Income
$882,373
Other Revenue
$65,838
Change in Net Assets
$3,108,950

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,933,359
Revenue Not Reported on Financial Statements
$-191,879
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-191,879
Total Revenue per Audited Statements
$18,933,359
Total Revenue per Form 990
$18,741,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,206,334
Salaries, Compensation, and Employee Benefits$6,374,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,247,968
Occupancy---$1,170,906
Benefits to Members---$1,052,026
All Other Expenses---$1,047,346
Other Employee Benefits---$815,627
Interest---$711,529
Current Officers, Directors, Trustees, and Key Employees---$597,323
Depreciation Depletion---$540,882
Office Expenses---$527,624
Advertising---$420,121
Payroll Taxes---$397,015
Pension Plan Contributions---$316,237
Fees for Services Other---$294,823
Other Expenses---$210,239
Insurance---$158,773
Fees for Services Accounting---$119,958
Fees for Services Legal---$30,142
Conferences and Meetings---$24,239
Travel---$3,095
Total Functional Expenses$0$0$0$15,632,530

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$15,824,409
Expenses per Audited Statements$15,632,530
Total Expenses per Form 990$15,632,530
Expenses Not Reported on Form 990$191,879
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$310,298,139
Other Liabilities$300,820
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 11B

“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 approves compensation adjustments for branch managers and all other staff. The ceo recommends senior management compensation adjustments to the personnel committee, which is comprised of board members. The personnel committee recommends compensation adjustments for senior management along with compensation adjustments for the ceo.”

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
2017-11-14
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
151
Volunteers
13

Preparer

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

Additional Explanations

Form 990, Part V, Line 3B

“The credit union is working to complete the unrelated business income calculation and will file form 990-t in the near future.”

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, 2016 or 2015.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental expense reclassed to revenue -191,879.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expense reclassed to revenue 191,879.”

Raw XML AppendixShowing 400 of 617 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 12/31/2016 THE CREDIT UNION HAD 13,538 LOANS OUTSTANDING, 17,006 CHECKING ACCOUNTS, 29,571 SAVINGS ACCOUNTS, AND 4,365 CERTIFICATE & IRA ACCOUNTS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1531778
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1730962
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1831652
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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/PersonNm18MARK HENNESSY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7354
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9268
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13370
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14182944
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15127698
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16116887
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17115291
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18126400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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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/TitleTxt18VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01919
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0144103
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt05388360
IRS990/GrossReceiptsAmt024177616
IRS990/GrossRentsGrp/RealAmt0257717
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InsuranceGrp/TotalAmt0158773
IRS990/InterestGrp/TotalAmt0711529
IRS990/InvestmentIncomeGrp/ExclusionAmt0738270
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0738270
IRS990/InvestmentInJointVentureInd00
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt049878879
IRS990/IRPDocumentCnt034319
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010488446
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09381610
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09910525
IRS990/LandBldgEquipCostOrOtherBssAmt020398971
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt05244257
IRS990/LessRentalExpensesGrp/RealAmt0191879
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/BOYAmt070460000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt055814000
IRS990/NetAssetsOrFundBalancesBOYAmt056628642
IRS990/NetAssetsOrFundBalancesEOYAmt059778301
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0144103
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0144103
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt037573
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt065838
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt028265
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt040709
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01170906
IRS990/OfficeExpensesGrp/TotalAmt0527624
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01244620
IRS990/OtherAssetsTotalGrp/EOYAmt01213726
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0815627
IRS990/OtherExpensesGrp/Desc0LOAN EXPENSE
IRS990/OtherExpensesGrp/Desc1FISERV NSP EXPENSE
IRS990/OtherExpensesGrp/Desc2ATM EXPENSE
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOSS
IRS990/OtherExpensesGrp/TotalAmt01422526
IRS990/OtherExpensesGrp/TotalAmt1832170
IRS990/OtherExpensesGrp/TotalAmt2691961
IRS990/OtherExpensesGrp/TotalAmt3210239
IRS990/OtherLiabilitiesGrp/BOYAmt0304636190
IRS990/OtherLiabilitiesGrp/EOYAmt0310598959
IRS990/OtherSalariesAndWagesGrp/TotalAmt04247968
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0360860313
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0354579230
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0397015
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0316237
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0289525
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0231357
IRS990/PrincipalOfficerNm0ROBERT GUSTAFSON
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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/RelatedOrExemptFuncIncomeAmt3104605
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12848854
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IRS990/PYOtherExpensesAmt06628498
IRS990/PYOtherRevenueAmt036854
IRS990/PYProgramServiceRevenueAmt016187863
IRS990/PYRevenuesLessExpensesAmt02852888
IRS990/PYSalariesCompEmpBnftPaidAmt06350766
IRS990/PYTotalExpensesAmt014124648
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt016977536
IRS990/ReconcilationRevenueExpnssAmt03108950
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt065838
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt056628642
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt059778301
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03315875
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02099227
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05012935
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03299519
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08312454
IRS990ScheduleD/EquipmentGrp/BookValueAmt01483386
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06549975
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08033361
IRS990ScheduleD/ExpensesNotReportedAmt0191879
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt015632530
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt03066196

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Filings

Displayed year

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

Open filing
Assets
$429,158,985
Liabilities
$369,380,684
Net assets
$59,778,301
Revenue
$18,741,480
Expenses
$15,632,530
Net income
$3,108,950
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