Civic Intelligence

Sharon & Crescent Credit Union

990 • Fiscal year 2018 • EIN 04-1217290

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

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

13th percentile

0.85x

Higher debt load relative to assets than 13% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

81st percentile

20.05x

Higher debt load relative to revenue than 81% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Net Margin

45th percentile

14%

Higher net margin than 45% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

57th percentile

$428,153

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Asset Growth

38th percentile

3.0%

Faster asset growth than 38% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-2.4%

Faster revenue growth than 3% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$438,601,837

Up $12,726,571 (+3.0%) from 2017

Net Assets

Up

$65,051,928

Up $2,316,684 (+3.7%) from 2017

Liabilities

Up

$373,549,909

Up $10,409,887 (+2.9%) from 2017

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin45th percentile

Revenue

Down

$18,630,554

Down $464,005 (-2.4%) from 2017

Expenses

Down

$16,099,298

Down $68,781 (-0.4%) from 2017

Net Income

Down

$2,531,256

Down $395,224 (-14%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2018

Assets$438,601,837
Liabilities$373,549,909
Net Assets$65,051,928
Open 2018 Filing

Operations Trend

Revenue Growth3rd 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

2018

Revenue$18,630,554
Expenses$16,099,298
Net Income$2,531,256
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$18,812,127
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$350,104,632$366,196,575▲ $16,091,943
Rtn Earn Endowment Incm Other Fnds$62,735,244$65,051,928▲ $2,316,684
Investments Other Securities$52,451,888$53,338,266▲ $886,378
Land, Buildings, and Equipment, Net$9,526,709$9,158,627▼ $368,082
Cash and Non-Interest-Bearing Accounts$11,910,117$7,323,253▼ $4,586,864
Savings and Temporary Cash Investments$135,937$401,491▲ $265,554
Prepaid Expenses and Deferred Charges$299,792$337,379▲ $37,587
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$425,875,266$438,601,837▲ $12,726,571
Other Assets Total$1,446,191$1,846,246▲ $400,055
Liabilities
Other Liabilities$316,749,669$329,645,584▲ $12,895,915
Mortgage Notes Payable Secured by Investment Property$43,249,027$40,919,527▼ $2,329,500
Escrow Account Liability$1,578,518$1,555,013▼ $23,505
Accounts Payable and Accrued Expenses$1,562,808$1,429,785▼ $133,023
Total Liabilities$363,140,022$373,549,909▲ $10,409,887
Net Assets / Fund Balance
Total Net Assets Fund Balance$62,735,244$65,051,928▲ $2,316,684
Total Liabilities and Net Assets / Fund Balance$425,875,266$438,601,837▲ $12,726,571

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,844,688$3,793,830$8,638,518
Equipment$947,755$7,223,919$8,171,674
Land$3,066,196-$3,066,196
Leasehold Improvements$299,988$690,722$990,710
Other Securities$4,009,510--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert W GustafsonPresident/CEOFT$303,289$125,626$428,915
Brian FindlayVP/CFOFT$145,639$47,571$193,210
Paul PijanowskiSenior VPFT$108,937$81,508$190,445
Mark HennessyVice PresidentFT$118,867$71,000$189,867
Cheryl MccormickVice PresidentFT$102,703$70,152$172,855
Richard HookeVP Business Development OfficerFT$106,772$20,661$127,433
Jonah WeinVice PresidentFT$106,797$19,686$126,483
Howard SpillerChairman of the BoardPT$15,000$1,175$16,175
Robert SimsDirector--$1,175$1,175
Arthur SullivanVice ChairmanPT-$405$405
Antonio MacedoDirector--$405$405
Herbert NagleDirector--$405$405
Jean Caputo WilliamsDirector--$405$405
John KolentsasClerk--$405$405
Paul MarinoDirector--$405$405
William RosaDirector--$405$405

Board Members and Trustees

NameTitle
Alfred NiccoliVice Chairman
F Robert SilversteinDirector
James MihosDirector
David GoodmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservLoan And Deposit Processing75 REMITTANCE DRIVE, Chicago, IL 60675$1,196,594
Gatehouse MediaAdvertisingPO BOX 845908, Boston, MA 02284$239,601
Lee And Mason Financial ServicesVsi InsurancePO BOX 270, Northville, NY 12134$208,265
National GridUtilitiesPO BOX 11737, Newark, NJ 07101$144,123
PatecwindstreamTele-commPO BOX 3177, Cedar Rapids, IA 52406-3177$118,057
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,428,215
Investment Income
$1,145,367
Other Revenue
$56,972
Change in Net Assets
$2,531,256

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,812,127
Revenue Not Reported on Financial Statements
$-181,573
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-181,573
Total Revenue per Audited Statements
$18,812,127
Total Revenue per Form 990
$18,630,554
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,727,164
Salaries, Compensation, and Employee Benefits$6,848,533
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,346,812
Benefits to Members---$1,523,601
Occupancy---$1,379,204
Other Employee Benefits---$1,169,022
All Other Expenses---$1,076,104
Interest---$785,820
Current Officers, Directors, Trustees, and Key Employees---$637,124
Depreciation Depletion---$608,486
Office Expenses---$514,198
Advertising---$476,571
Payroll Taxes---$419,914
Fees for Services Other---$277,006
Pension Plan Contributions---$275,661
Other Expenses---$222,649
Insurance---$171,512
Fees for Services Accounting---$120,600
Fees for Services Legal---$102,302
Conferences and Meetings---$37,877
Travel---$3,578
Total Functional Expenses$0$0$0$16,099,298

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,280,871
Expenses per Audited Statements$16,099,298
Total Expenses per Form 990$16,099,298
Expenses Not Reported on Form 990$181,573
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
MEMBERS' SHARES$328,502,097
Other Liabilities$1,143,487
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

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

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
2019-11-15
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
13

Preparer

Firm
Rsm US Llp
Address
801 NICOLLET MALL WEST TOWER STE, 1100, MINNEAPOLIS, MN 55402-2526
Preparer
Kacie Mcewen
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, 2018 or 2017.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental expense reclassed to revenue -181,573.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expense reclassed to revenue 181,573.”

Raw XML AppendixShowing 400 of 638 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 45,000 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 12/31/2018 THE CREDIT UNION HAD 12,959 LOANS OUTSTANDING, 16,949 CHECKING ACCOUNTS, 27,813 SAVINGS ACCOUNTS, AND 3,713 CERTIFICATE & IRA ACCOUNTS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1544946
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1744176
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1844236
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1919686
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT W GUSTAFSON
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN KOLENTSAS
IRS990/Form990PartVIISectionAGrp/PersonNm2HOWARD SPILLER
IRS990/Form990PartVIISectionAGrp/PersonNm3ALFRED NICCOLI
IRS990/Form990PartVIISectionAGrp/PersonNm4ARTHUR SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID GOODMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6ANTONIO MACEDO
IRS990/Form990PartVIISectionAGrp/PersonNm7PAUL MARINO
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES MIHOS
IRS990/Form990PartVIISectionAGrp/PersonNm9HERBERT NAGLE
IRS990/Form990PartVIISectionAGrp/PersonNm10WILLIAM ROSA
IRS990/Form990PartVIISectionAGrp/PersonNm11F ROBERT SILVERSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm12ROBERT SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm13JEAN CAPUTO WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm14BRIAN FINDLAY
IRS990/Form990PartVIISectionAGrp/PersonNm15MARK HENNESSY
IRS990/Form990PartVIISectionAGrp/PersonNm16RICHARD HOOKE
IRS990/Form990PartVIISectionAGrp/PersonNm17CHERYL MCCORMICK
IRS990/Form990PartVIISectionAGrp/PersonNm18PAUL PIJANOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm19JONAH WEIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0398510
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt215000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14151639
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15143867
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16106772
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17127703
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18145180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19106797
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
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/TitleTxt14VP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP BUSINESS DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18SENIOR VP
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01919
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt018812127
IRS990/GrossRentsGrp/RealAmt0238545
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt0171512
IRS990/InterestGrp/TotalAmt0785820
IRS990/InvestmentIncomeGrp/ExclusionAmt01145367
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01145367
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt052451888
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt053338266
IRS990/IRPDocumentCnt033613
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011708471
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09526709
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09158627
IRS990/LandBldgEquipCostOrOtherBssAmt020867098
IRS990/LegalDomicileStateCd0MA
IRS990/LessRentalExpensesGrp/RealAmt0181573
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/BOYAmt043249027
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt040919527
IRS990/NetAssetsOrFundBalancesBOYAmt062735244
IRS990/NetAssetsOrFundBalancesEOYAmt065051928
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt056972
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt056972
IRS990/NetUnrelatedBusTxblIncmAmt0-77825
IRS990/NetUnrlzdGainsLossesInvstAmt0-214572
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01379204
IRS990/OfficeExpensesGrp/TotalAmt0514198
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01446191
IRS990/OtherAssetsTotalGrp/EOYAmt01846246
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01169022
IRS990/OtherExpensesGrp/Desc0FISERV NSP EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOSS
IRS990/OtherExpensesGrp/Desc2ATM EXPENSE
IRS990/OtherExpensesGrp/Desc3LOAN EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0783723
IRS990/OtherExpensesGrp/TotalAmt1619560
IRS990/OtherExpensesGrp/TotalAmt2547974
IRS990/OtherExpensesGrp/TotalAmt3222649
IRS990/OtherLiabilitiesGrp/BOYAmt0316749669
IRS990/OtherLiabilitiesGrp/EOYAmt0329645584
IRS990/OtherSalariesAndWagesGrp/TotalAmt04346812
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0350104632
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0366196575
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0419914
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0275661
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0299792
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0337379
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/RelatedOrExemptFuncIncomeAmt13248532
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2435374
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt394632
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013433269
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13464940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2435374
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt394632
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0216408
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IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0860053
IRS990/PYOtherExpensesAmt08404191
IRS990/PYOtherRevenueAmt061060
IRS990/PYProgramServiceRevenueAmt018173446
IRS990/PYRevenuesLessExpensesAmt02926480
IRS990/PYSalariesCompEmpBnftPaidAmt06599415
IRS990/PYTotalExpensesAmt016168079
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt019094559
IRS990/ReconcilationRevenueExpnssAmt02531256
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt056972
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt062735244
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt065051928
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0135937
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0401491
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04844688
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03793830
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08638518
IRS990ScheduleD/EquipmentGrp/BookValueAmt0947755
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07223919
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08171674
IRS990ScheduleD/ExpensesNotReportedAmt0181573
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt016099298
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$438,601,837
Liabilities
$373,549,909
Net assets
$65,051,928
Revenue
$18,630,554
Expenses
$16,099,298
Net income
$2,531,256
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