Civic Intelligence

Align Credit Union

990 • Fiscal year 2020 • EIN 04-1680140

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 23, 2021

Organization ProfileWWW.ALIGNCU.ORG

View Organization Page

40 Market StreetLowell, MA 01852

(800) 942-9575

Siviq Scores

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

Liabilities / Assets

30th percentile

0.88x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

21.27x

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

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Net Margin

20th percentile

6.0%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

81st percentile

$627,370

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2020

Asset Growth

7th percentile

8.0%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

5.1%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$692,602,330

Up $51,546,201 (+8.0%) from 2019

Net Assets

Up

$81,860,940

Up $6,849,428 (+9.1%) from 2019

Liabilities

Up

$610,741,390

Up $44,696,773 (+7.9%) from 2019

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin20th percentile

Revenue

Up

$28,709,871

Up $1,380,610 (+5.1%) from 2019

Expenses

Up

$26,990,515

Up $1,577,390 (+6.2%) from 2019

Net Income

Down

$1,719,356

Down $196,780 (-10%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$800M$600M$400M$200M$0Assets 2010: $518,011,481Liabilities 2010: $451,671,546Net Assets 2010: $66,339,9352010Assets 2011: $527,746,056Liabilities 2011: $458,650,728Net Assets 2011: $69,095,3282011Assets 2012: $543,411,904Liabilities 2012: $470,832,874Net Assets 2012: $72,579,0302012Assets 2013: $546,495,467Liabilities 2013: $484,602,039Net Assets 2013: $61,893,4282013Assets 2014: $561,341,429Liabilities 2014: $494,331,494Net Assets 2014: $67,009,9352014Assets 2015: $563,550,434Liabilities 2015: $494,911,079Net Assets 2015: $68,639,3552015Assets 2016: $583,705,638Liabilities 2016: $516,985,013Net Assets 2016: $66,720,6252016Assets 2017: $578,561,311Liabilities 2017: $509,688,097Net Assets 2017: $68,873,2142017Assets 2018: $571,266,691Liabilities 2018: $504,496,452Net Assets 2018: $66,770,2392018Assets 2019: $641,056,129Liabilities 2019: $566,044,617Net Assets 2019: $75,011,5122019Assets 2020: $692,602,330Liabilities 2020: $610,741,390Net Assets 2020: $81,860,9402020Assets 2021: $748,085,438Liabilities 2021: $673,453,305Net Assets 2021: $74,632,1332021Assets 2022: $703,539,071Liabilities 2022: $668,201,549Net Assets 2022: $35,337,5222022Assets 2023: $706,708,681Liabilities 2023: $668,987,920Net Assets 2023: $37,720,7612023Assets 2024: $669,475,106Liabilities 2024: $636,104,278Net Assets 2024: $33,370,8282024

Highlighted filing

2020

Assets$692,602,330
Liabilities$610,741,390
Net Assets$81,860,940
Open 2020 Filing

Operations Trend

Revenue Growth74th percentile

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

$40M$20M$0-$20MExpenses 2010: $23,698,3852010Expenses 2011: $23,261,6192011Expenses 2012: $22,195,6072012Revenue 2013: $22,178,554Expenses 2013: $21,722,886Net Income 2013: $455,6682013Revenue 2014: $20,963,940Expenses 2014: $20,755,084Net Income 2014: $208,8562014Revenue 2015: $21,778,250Expenses 2015: $20,558,327Net Income 2015: $1,219,9232015Revenue 2016: $22,012,738Expenses 2016: $21,244,163Net Income 2016: $768,5752016Revenue 2017: $23,484,066Expenses 2017: $22,234,739Net Income 2017: $1,249,3272017Revenue 2018: $24,664,776Expenses 2018: $23,986,410Net Income 2018: $678,3662018Revenue 2019: $27,329,261Expenses 2019: $25,413,125Net Income 2019: $1,916,1362019Revenue 2020: $28,709,871Expenses 2020: $26,990,515Net Income 2020: $1,719,3562020Revenue 2021: $24,193,748Expenses 2021: $23,783,699Net Income 2021: $410,0492021Revenue 2022: $24,433,942Expenses 2022: $24,024,186Net Income 2022: $409,7562022Revenue 2023: $27,908,271Expenses 2023: $31,391,959Net Income 2023: -$3,483,6882023Revenue 2024: $29,485,904Expenses 2024: $38,156,747Net Income 2024: -$8,670,8432024

Highlighted filing

2020

Revenue$28,709,871
Expenses$26,990,515
Net Income$1,719,356
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 23, 2021
Return Version
2020v4.1
Gross Receipts
$50,386,985
Mission and Program Overview

Mission

The credit union accept deposits and grant loans to its members. Benefit paid are dividends on deposit accounts and granting accessible credit to its members.

The credit union accepts deposits and grants loans to its members. Benefits paid are dividends on deposit accounts and granting accessible credit to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$415,442,112$394,577,055▼ $20,865,057
Investments in Publicly Traded Securities$173,896,973$140,866,046▼ $33,030,927
Savings and Temporary Cash Investments$16,833,795$108,932,464▲ $92,098,669
Rtn Earn Endowment Incm Other Fnds$75,011,512$81,860,940▲ $6,849,428
Cash and Non-Interest-Bearing Accounts$10,460,496$25,409,750▲ $14,949,254
Land, Buildings, and Equipment, Net$9,470,611$9,255,232▼ $215,379
Investments Other Securities$4,636,000$2,880,200▼ $1,755,800
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$641,056,129$692,602,330▲ $51,546,201
Other Assets Total$10,316,142$10,681,583▲ $365,441
Liabilities
Other Liabilities$565,347,779$610,089,324▲ $44,741,545
Accounts Payable and Accrued Expenses$696,838$652,066▼ $44,772
Total Liabilities$566,044,617$610,741,390▲ $44,696,773
Net Assets / Fund Balance
Total Net Assets Fund Balance$75,011,512$81,860,940▲ $6,849,428
Total Liabilities and Net Assets / Fund Balance$641,056,129$692,602,330▲ $51,546,201

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,531,748$4,833,156$10,364,904
Equipment$1,169,188$3,245,654$4,414,842
Land$2,125,000-$2,125,000
Leasehold Improvements$429,296$509,901$939,197
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth M Del RossiPresident and CEOFT$477,697$149,673$627,370
Thomas HammondCFOFT$272,474$36,530$309,004
Brian BacciChief Lending OfficerFT$209,849$33,117$242,966
Katie RockettMortgage OriginatorFT$29,706$194,237$223,943
Derek Da SilvaMortgage OriginatorFT$31,417$175,729$207,146

Board Members and Trustees

NameTitle
George R GaganChairman
Francis J Mckenney1st Vice-chairman
Richard W Piecewicz2nd Vice-chairman
Alan J SextonDirector
David R MorrisDirector
Joseph ForsterDirector
Kathleen E MckenneyDirector
Linda L PurtellDirector
Martin E ConwayDirector
Maxwell G RodgersDirector
Steven J BabbittDirector
Karen a MorrisClerk
Frank H LospennatoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,206,350
Investment Income
$5,733,297
Other Revenue
$5,770,224
Change in Net Assets
$1,719,356

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,709,871
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$28,709,871
Total Revenue per Form 990
$28,709,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,733,210
Other Expenses$11,440,281
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,560,158--$7,560,158
Benefits to Members$3,817,024--$3,817,024
Interest$1,548,781--$1,548,781
Other Employee Benefits$1,007,760$496,360-$1,504,120
Current Officers, Directors, Trustees, and Key Employees$203,979$1,205,858-$1,409,837
Occupancy-$1,264,869-$1,264,869
Depreciation Depletion-$1,068,886-$1,068,886
Payroll Taxes$460,196$226,663-$686,859
Office Expenses-$665,985-$665,985
Pension Plan Contributions$383,398$188,838-$572,236
Other Expenses$160,986$4,152,137-$160,986
All Other Expenses-$127,635-$127,635
Fees for Services Legal-$13,161-$13,161
Conferences and Meetings$5,228$2,614-$7,842
Total Functional Expenses$17,577,509$9,413,006$0$26,990,515

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,990,515
Total Expenses per Audited Statements$26,990,515
Total Expenses per Form 990$26,990,515
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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' SHARE AND DEPOSIT ACCOUNTS$560,335,235
Borrowings$45,000,000
Other Liabilities$2,819,564
MORTGAGORS' TAX ESCROW$1,934,525
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union has members.”

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

“The credit union holds an annual meeting according to its bylaws where all members are given proper notification. The bylaws call for the election of directors whose terms have expired.”

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

“The credit union members ratify decisions of the governing body at their annual meeting and elect directors at that time.”

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

“The organization contracts with their cpa firm to prepare form 990. After preparation, a draft copy is sent to the president and ceo and the chief financial officer for review. Once approved the 990 is filed. A copy of the 990 is provided to the audit commitee and the full board for their review and ratification at the meeting following the filing of the form 990.”

Form 990, Part VI, Section B, Line 15

“The credit union uses an outside firm that does compensation analysis. The consulting firm survey all industries both locally and nationally and provides the credit union with salary level recommendations. The credit union's board of directors specifically sets goals for the ceo annually and he is then evaluated on these goals and offer salary within the provided ranges.”

Form 990, Part VI, Section C, Line 19

“The credit union makes the document available upon request.”

Filing and Contact Details

Filer

Filer Name
Align Credit Union
EIN
04-1680140
Phone
8009429575
Address
40 MARKET STREET, LOWELL, MA 01852

Signing Officer

Name
Kenneth M Del Rossi
Title
President and CEO
Phone
8009429575
Signed
2021-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth M Del Rossi
Formed
1922
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
166
Volunteers
0

Preparer

Firm
Spinelli CPA Pc
Address
146 WEST BOYLSTON DRIVE SUITE 302, WORCESTER, MA 01606
Preparer
Karen Spinelli
Phone
5083656522
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The credit union holds funds in escrow to pay insurance and taxes on behalf of its mortgage loan accounts.”

PART X, LINE 2:

“Management has analyzed the tax positions taken by the credit union and has concluded that as of december 31, 2020 and 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements.”

Raw XML AppendixShowing 400 of 589 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt62ND VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MORTGAGE ORIGINATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17MORTGAGE ORIGINATOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01922
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01401274
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt023078388
IRS990/GrossReceiptsAmt050386985
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt01548781
IRS990/InterestGrp/TotalAmt01548781
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04332023
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04332023
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04636000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02880200
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0173896973
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0140866046
IRS990/IRPDocumentCnt011014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08588711
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09470611
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09255232
IRS990/LandBldgEquipCostOrOtherBssAmt017843943
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt021677114
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0552964
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0599813
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt046849
IRS990/MissionDesc0THE CREDIT UNION ACCEPT DEPOSITS AND GRANT LOANS TO ITS MEMBERS. BENEFIT PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS AND GRANTING ACCESSIBLE CREDIT TO ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt075011512
IRS990/NetAssetsOrFundBalancesEOYAmt081860940
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01401274
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01401274
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt05130072
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01264869
IRS990/OccupancyGrp/TotalAmt01264869
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0665985
IRS990/OfficeExpensesGrp/TotalAmt0665985
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010316142
IRS990/OtherAssetsTotalGrp/EOYAmt010681583
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0496360
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01007760
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01504120
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1SERVICE CONTRACT
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3ALL OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04152137
IRS990/OtherExpensesGrp/ProgramServicesAmt01743999
IRS990/OtherExpensesGrp/ProgramServicesAmt1686000
IRS990/OtherExpensesGrp/ProgramServicesAmt2160986
IRS990/OtherExpensesGrp/TotalAmt04152137
IRS990/OtherExpensesGrp/TotalAmt11743999
IRS990/OtherExpensesGrp/TotalAmt2686000
IRS990/OtherExpensesGrp/TotalAmt3160986
IRS990/OtherLiabilitiesGrp/BOYAmt0565347779
IRS990/OtherLiabilitiesGrp/EOYAmt0610089324
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/Desc1GAIN/LOSS SALE OF LOANS
IRS990/OtherRevenueMiscGrp/Desc2ATM INT CHG INC
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02314120
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11678624
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21177667
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02314120
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11678624
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21177667
IRS990/OtherRevenueTotalAmt05770224
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07560158
IRS990/OtherSalariesAndWagesGrp/TotalAmt07560158
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0415442112
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0394577055
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0226663
IRS990/PayrollTaxesGrp/ProgramServicesAmt0460196
IRS990/PayrollTaxesGrp/TotalAmt0686859
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0188838
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0383398
IRS990/PensionPlanContributionsGrp/TotalAmt0572236
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KENNETH M DEL ROSSI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017206350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017206350
IRS990/ProgSrvcAccomActy2Grp/Desc0GRANTING CREDIT TO MEMBERS WITH VARIOUS LOAN PRODUCTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013592941
IRS990/ProgSrvcAccomActy3Grp/Desc0MEMBER SERVICES INCLUDING DEBIT AND CREDIT CARDS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0167544
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt03354894
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04652338
IRS990/PYOtherExpensesAmt011346578
IRS990/PYOtherRevenueAmt04777588
IRS990/PYProgramServiceRevenueAmt017899335
IRS990/PYRevenuesLessExpensesAmt01916136
IRS990/PYSalariesCompEmpBnftPaidAmt010711653
IRS990/PYTotalExpensesAmt025413125
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt027329261
IRS990/ReconcilationRevenueExpnssAmt01719356
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt075011512
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt081860940
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016833795
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0108932464
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05531748
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04833156
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010364904
IRS990ScheduleD/EquipmentGrp/BookValueAmt01169188
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03245654
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04414842
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt026990515
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt02125000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02125000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0429296
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0509901
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0939197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02819564
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt145000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2560335235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31934525
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BORROWINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MEMBERS' SHARE AND DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MORTGAGORS' TAX ESCROW
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt028709871
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY INSURANCE AND TAXES ON BEHALF OF ITS MORTGAGE LOAN ACCOUNTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CREDIT UNION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2020 AND 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09255232
IRS990ScheduleD/TotalExpensesPerForm990Amt026990515
IRS990ScheduleD/TotalLiabilityAmt0610089324
IRS990ScheduleD/TotalRevenuePerForm990Amt028709871
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt028709871
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026990515
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0477697

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$692,602,330
Liabilities
$610,741,390
Net assets
$81,860,940
Revenue
$28,709,871
Expenses
$26,990,515
Net income
$1,719,356
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$669$636$33.4$29.5$38.2$8.67
2023Detailed filing. Detailed filing data is available for this year.$707$669$37.7$27.9$31.4$3.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$704$668$35.3$24.4$24.0$0.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$748$673$74.6$24.2$23.8$0.41
2020Detailed filing. Detailed filing data is available for this year.$693$611$81.9$28.7$27.0$1.72
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$641$566$75.0$27.3$25.4$1.92
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$571$504$66.8$24.7$24.0$0.68
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$579$510$68.9$23.5$22.2$1.25
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$584$517$66.7$22.0$21.2$0.77
2015Detailed filing. Detailed filing data is available for this year.$564$495$68.6$21.8$20.6$1.22
2014Detailed filing. Detailed filing data is available for this year.$561$494$67.0$21.0$20.8$0.21
2013Summary only. Only limited summary data is available for this year.$546$485$61.9$22.2$21.7$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$543$471$72.6$22.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$528$459$69.1$23.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$518$452$66.3$23.7
Peer Organizations

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