Civic Intelligence

Tremont Credit Union

990 • Fiscal year 2013 • EIN 04-3414490

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 29, 2014

Organization ProfileWWW.TREMONTCU.ORG

View Organization Page

PO Box 850649Boston, MA 02185-0649

(781) 843-5626

Siviq Scores

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

Liabilities / Assets

29th percentile

0.88x

Higher debt load relative to assets than 29% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

77th percentile

21.16x

Higher debt load relative to revenue than 77% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Net Margin

5th percentile

-2.7%

Higher net margin than 5% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

45th percentile

$181,219

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Asset Growth

37th percentile

1.6%

Faster asset growth than 37% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Revenue Growth

19th percentile

-8.0%

Faster revenue growth than 19% of similar nonprofits.

2013 filings • $100M-$250M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$164,407,259

Up $2,581,439 (+1.6%) from 2012

Net Assets

Down

$20,001,124

Down $134 (-0.0%) from 2012

Liabilities

Up

$144,406,135

Up $2,581,573 (+1.8%) from 2012

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin5th percentile

Revenue

$6,823,944

No earlier filing loaded for comparison.

Expenses

Down

$7,005,711

Down $319,765 (-4.4%) from 2012

Net Income

-$181,767

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$300M$200M$100M$0Assets 2010: $169,611,141Liabilities 2010: $148,835,939Net Assets 2010: $20,775,2022010Assets 2011: $164,591,584Liabilities 2011: $144,393,998Net Assets 2011: $20,197,5862011Assets 2012: $161,825,820Liabilities 2012: $141,824,562Net Assets 2012: $20,001,2582012Assets 2013: $164,407,259Liabilities 2013: $144,406,135Net Assets 2013: $20,001,1242013Assets 2014: $166,209,146Liabilities 2014: $146,098,787Net Assets 2014: $20,110,3592014Assets 2015: $170,799,175Liabilities 2015: $150,394,693Net Assets 2015: $20,404,4822015Assets 2016: $172,309,492Liabilities 2016: $151,496,392Net Assets 2016: $20,813,1002016Assets 2017: $174,387,317Liabilities 2017: $152,013,890Net Assets 2017: $22,373,4272017Assets 2018: $184,787,616Liabilities 2018: $161,557,456Net Assets 2018: $23,230,1602018Assets 2019: $203,534,916Liabilities 2019: $178,372,003Net Assets 2019: $25,162,9132019Assets 2020: $240,451,967Liabilities 2020: $214,555,730Net Assets 2020: $25,896,2372020Assets 2021: $244,401,139Liabilities 2021: $218,279,761Net Assets 2021: $26,121,3782021Assets 2022: $255,114,045Liabilities 2022: $233,077,800Net Assets 2022: $22,036,2452022Assets 2023: $261,134,842Liabilities 2023: $239,206,451Net Assets 2023: $21,928,3912023Assets 2024: $260,416,544Liabilities 2024: $238,885,581Net Assets 2024: $21,530,9632024

Highlighted filing

2013

Assets$164,407,259
Liabilities$144,406,135
Net Assets$20,001,124
Open 2013 Filing

Operations Trend

Revenue Growth19th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,338,9282010Revenue 2011: $8,063,153Expenses 2011: $8,506,754Net Income 2011: -$443,6012011Expenses 2012: $7,325,4762012Revenue 2013: $6,823,944Expenses 2013: $7,005,711Net Income 2013: -$181,7672013Revenue 2014: $7,126,060Expenses 2014: $6,805,968Net Income 2014: $320,0922014Revenue 2015: $7,134,194Expenses 2015: $6,455,042Net Income 2015: $679,1522015Revenue 2016: $7,443,648Expenses 2016: $6,329,457Net Income 2016: $1,114,1912016Revenue 2017: $8,534,778Expenses 2017: $7,406,001Net Income 2017: $1,128,7772017Revenue 2018: $9,292,143Expenses 2018: $8,071,440Net Income 2018: $1,220,7032018Revenue 2019: $10,236,397Expenses 2019: $9,006,691Net Income 2019: $1,229,7062019Revenue 2020: $9,193,968Expenses 2020: $8,940,771Net Income 2020: $253,1972020Revenue 2021: $9,907,662Expenses 2021: $9,307,134Net Income 2021: $600,5282021Revenue 2022: $11,136,951Expenses 2022: $10,636,902Net Income 2022: $500,0492022Revenue 2023: $13,953,932Expenses 2023: $14,056,144Net Income 2023: -$102,2122023Revenue 2024: $14,269,021Expenses 2024: $14,911,952Net Income 2024: -$642,9312024

Highlighted filing

2013

Revenue$6,823,944
Expenses$7,005,711
Net Income-$181,767
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 29, 2014
Return Version
2013v3.0
Gross Receipts
$7,706,154
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$97,939,619$110,556,298▲ $12,616,679
Savings and Temporary Cash Investments$52,429,136$45,124,250▼ $7,304,886
Rtn Earn Endowment Incm Other Fnds$20,001,258$20,001,124▼ $134
Investments Other Securities$3,101,911$3,014,478▼ $87,433
Investments in Publicly Traded Securities$2,718,608$1,493,128▼ $1,225,480
Cash and Non-Interest-Bearing Accounts$1,426,612$1,410,184▼ $16,428
Accounts Receivable$1,773,754$1,375,256▼ $398,498
Land, Buildings, and Equipment, Net$538,529$449,320▼ $89,209
Prepaid Expenses and Deferred Charges$450,165$103,922▼ $346,243
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$161,825,820$164,407,259▲ $2,581,439
Other Assets Total$1,447,486$880,423▼ $567,063
Liabilities
Other Liabilities$140,569,642$143,057,120▲ $2,487,478
Accounts Payable and Accrued Expenses$1,254,920$1,349,015▲ $94,095
Total Liabilities$141,824,562$144,406,135▲ $2,581,573
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,001,258$20,001,124▼ $134
Total Liabilities and Net Assets / Fund Balance$161,825,820$164,407,259▲ $2,581,439

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$165,160$2,234,773$2,399,933
Leasehold Improvements$284,160$1,128,827$1,412,987
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
George HardimanCEOFT$181,219-$181,219
Kevin MccarthyFormer CFOFT$131,839$1,038$132,877
Michael MullenCOOFT$111,083$11,124$122,207
Kevin MullenChair-$11,250-$11,250
Hicham NaciriCIOFT$4,923-$4,923

Board Members and Trustees

NameTitle
Amy DonovanDirector
Donald SmithDirector
Edward KennedyDirector
James NeeDirector
Martin ConnollyDirector
Darrell ElowSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,359,031
Investment Income
$464,913
Other Revenue
$0
Change in Net Assets
$-181,767

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,823,944
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,823,944
Total Revenue per Form 990
$6,823,944
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,260,512
Salaries, Compensation, and Employee Benefits$2,745,199
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,863,679
Occupancy---$757,358
Fees for Services Other---$642,680
Office Expenses---$479,770
Interest---$470,733
Current Officers, Directors, Trustees, and Key Employees---$319,599
Fees for Services Accounting---$310,494
Other Employee Benefits---$267,646
Payroll Taxes---$255,323
Information Technology---$235,769
Depreciation Depletion---$203,831
Insurance---$122,097
Other Expenses---$58,986
Advertising---$55,499
Pension Plan Contributions---$38,952
Fees for Services Legal---$17,284
Travel---$3,577
Conferences and Meetings---$1,833
Total Functional Expenses$0$0$0$7,005,711

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,005,711
Total Expenses per Audited Statements$7,005,711
Total Expenses per Form 990$7,005,711
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' SHARES AND SAVINGS ACCOUNTS$143,057,120
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The chair of the board of directors is a direct family relative of the credit union's coo.”

Form 990, Part VI, Section A, Line 6

“Members consist of depositors with a minimum balance of $5 in their savings account.”

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

“The members of the credit union may elect one or more of the board of directors.”

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

“The members have voting rights over certain decisions made by the governing body (board of directors). Voting usually takes place at the annual meeting and their voting rights consist of election of the board of directors, corporate charter and by-law changes and approval of mergers with other financial institutions.”

Form 990, Part VI, Section B, Line 11

“The credit union's chair of the audit committee reviews the form 990 on behalf of the board of directors prior to tax return being filed. Then a copy of the form 990 is provided to the board of the directors subsequent to filing.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

EIN
04-3414490
Phone
7818435626

Signing Officer

Name
George Hardiman
Title
CEO
Phone
7818435626
Signed
2014-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Hardiman
Formed
1952
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
6
Employees
64
Volunteers
0

Preparer

Preparer
Giuseppe Femia CPA
Phone
6176968900
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Oci fas 158 defined benefit plan and serp adjustment 221,778.”

Financial Statement Notes

PART XI, LINE 8, OTHER ADJUSTEMNTS:

“Oci fas 158 defined benefit plan & serp adjustment: 221,778”

Raw XML AppendixShowing 400 of 443 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/OtherExpensesGrp/Desc2NCUSIF STABILIZATION
IRS990/OtherExpensesGrp/Desc3FORECLOSURE AND OREO
IRS990/OtherExpensesGrp/TotalAmt0649807
IRS990/OtherExpensesGrp/TotalAmt1141214
IRS990/OtherExpensesGrp/TotalAmt2109580
IRS990/OtherExpensesGrp/TotalAmt358986
IRS990/OtherLiabilitiesGrp/BOYAmt0140569642
IRS990/OtherLiabilitiesGrp/EOYAmt0143057120
IRS990/OtherSalariesAndWagesGrp/TotalAmt01863679
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt097939619
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0110556298
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0255323
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt038952
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0450165
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0103922
IRS990/PrincipalOfficerNm0GEORGE HARDIMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2INSURANCE COMMMISSIONS
IRS990/ProgramServiceRevenueGrp/Desc3INCREASE IN CSV OF LIF
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04688658
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11561633
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt295837
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312903
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04688658
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11561633
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt295837
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312903
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0314114
IRS990/PYOtherExpensesAmt04910431
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07029842
IRS990/PYRevenuesLessExpensesAmt018480
IRS990/PYSalariesCompEmpBnftPaidAmt02415045
IRS990/PYTotalExpensesAmt07325476
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07343956
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-181767
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020001258
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt020001124
IRS990/SavingsAndTempCashInvstGrp/BOYAmt052429136
IRS990/SavingsAndTempCashInvstGrp/EOYAmt045124250
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0165160
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02234773
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02399933
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07005711
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0284160
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01128827
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01412987
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0143057120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES AND SAVINGS ACCOUNTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06823944
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OCI FAS 158 DEFINED BENEFIT PLAN & SERP ADJUSTMENT: 221,778
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 8, OTHER ADJUSTEMNTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0449320
IRS990ScheduleD/TotalExpensesPerForm990Amt07005711
IRS990ScheduleD/TotalLiabilityAmt0143057120
IRS990ScheduleD/TotalRevenuePerForm990Amt06823944
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06823944
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07005711
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0181219
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1131839
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt11038
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GEORGE HARDIMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KEVIN MCCARTHY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1FORMER CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0181219
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1132877
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0KEVIN MCCARTHY WAS THE CFO AT THE CREDIT UNION UNTIL DECEMBER 2013. IN ACCORDANCE WITH A DECEMBER 2013 SIGNED SETTLEMENT AGREEMENT, MCCARTHY RECEIVED A SEVERANCE PAYMENT OF $10,000. MCCARTHY RECEIVED THIS $10,000 LUMP SUM PAYMENT IN DECEMBER 2013, WHICH WAS INCLUDED ON HIS W-2 FOR 2013.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHAIR OF THE BOARD OF DIRECTORS IS A DIRECT FAMILY RELATIVE OF THE CREDIT UNION'S COO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS CONSIST OF DEPOSITORS WITH A MINIMUM BALANCE OF $5 IN THEIR SAVINGS ACCOUNT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE CREDIT UNION MAY ELECT ONE OR MORE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS HAVE VOTING RIGHTS OVER CERTAIN DECISIONS MADE BY THE GOVERNING BODY (BOARD OF DIRECTORS). VOTING USUALLY TAKES PLACE AT THE ANNUAL MEETING AND THEIR VOTING RIGHTS CONSIST OF ELECTION OF THE BOARD OF DIRECTORS, CORPORATE CHARTER AND BY-LAW CHANGES AND APPROVAL OF MERGERS WITH OTHER FINANCIAL INSTITUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION'S CHAIR OF THE AUDIT COMMITTEE REVIEWS THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS PRIOR TO TAX RETURN BEING FILED. THEN A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF THE DIRECTORS SUBSEQUENT TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OCI FAS 158 DEFINED BENEFIT PLAN AND SERP ADJUSTMENT 221,778.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0161825820
IRS990/TotalAssetsEOYAmt0164407259
IRS990/TotalAssetsGrp/BOYAmt0161825820
IRS990/TotalAssetsGrp/EOYAmt0164407259
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt064
IRS990/TotalFunctionalExpensesGrp/TotalAmt07005711
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0141824562
IRS990/TotalLiabilitiesEOYAmt0144406135
IRS990/TotalLiabilitiesGrp/BOYAmt0141824562
IRS990/TotalLiabilitiesGrp/EOYAmt0144406135
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020001258
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt020001124
IRS990/TotalOtherCompensationAmt012162
IRS990/TotalProgramServiceRevenueAmt06359031
IRS990/TotalReportableCompFromOrgAmt0440314
IRS990/TotalRevenueGrp/ExclusionAmt0464913
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06359031
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06823944
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$164,407,259
Liabilities
$144,406,135
Net assets
$20,001,124
Revenue
$6,823,944
Expenses
$7,005,711
Net income
-$181,767
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$260$239$21.5$14.3$14.9$0.64
2023Detailed filing. Detailed filing data is available for this year.$261$239$21.9$14.0$14.1$0.10
2022Detailed filing. Detailed filing data is available for this year.$255$233$22.0$11.1$10.6$0.50
2021Detailed filing. Detailed filing data is available for this year.$244$218$26.1$9.91$9.31$0.60
2020Detailed filing. Detailed filing data is available for this year.$240$215$25.9$9.19$8.94$0.25
2019Detailed filing. Detailed filing data is available for this year.$204$178$25.2$10.2$9.01$1.23
2018Detailed filing. Detailed filing data is available for this year.$185$162$23.2$9.29$8.07$1.22
2017Detailed filing. Detailed filing data is available for this year.$174$152$22.4$8.53$7.41$1.13
2016Detailed filing. Detailed filing data is available for this year.$172$151$20.8$7.44$6.33$1.11
2015Detailed filing. Detailed filing data is available for this year.$171$150$20.4$7.13$6.46$0.68
2014Detailed filing. Detailed filing data is available for this year.$166$146$20.1$7.13$6.81$0.32
2013Detailed filing. Detailed filing data is available for this year.$164$144$20.0$6.82$7.01$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$162$142$20.0$7.33
2011Summary only. Only limited summary data is available for this year.$165$144$20.2$8.06$8.51$0.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$170$149$20.8$5.34
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