Civic Intelligence

General Electric River Works Cu

990 • Fiscal year 2019 • EIN 04-6061145

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 26, 2020

Organization ProfileRWCU.COM

View Organization Page

947 Western AveLynn, MA 01905

(781) 599-0096

Siviq Scores

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

Liabilities / Assets

27th percentile

0.86x

Higher debt load relative to assets than 27% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

18.89x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Net Margin

6th percentile

1.7%

Higher net margin than 6% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

25th percentile

$168,418

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Asset Growth

10th percentile

-0.4%

Faster asset growth than 10% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

0.4%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$102,221,120

Down $461,694 (-0.4%) from 2018

Net Assets

Up

$14,199,930

Up $78,487 (+0.6%) from 2018

Liabilities

Down

$88,021,190

Down $540,181 (-0.6%) from 2018

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin6th percentile

Revenue

Up

$4,660,468

Up $20,295 (+0.4%) from 2018

Expenses

Up

$4,581,981

Up $135,908 (+3.1%) from 2018

Net Income

Down

$78,487

Down $115,613 (-60%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$200M$150M$100M$50M$0Assets 2010: $82,393,305Liabilities 2010: $74,354,030Net Assets 2010: $8,039,2752010Assets 2011: $85,811,458Liabilities 2011: $76,650,755Net Assets 2011: $9,160,7032011Assets 2012: $83,768,299Liabilities 2012: $73,583,676Net Assets 2012: $10,184,6232012Assets 2013: $94,301,131Liabilities 2013: $83,442,902Net Assets 2013: $10,858,2292013Assets 2014: $102,784,517Liabilities 2014: $90,697,812Net Assets 2014: $12,086,7052014Assets 2015: $105,989,301Liabilities 2015: $92,733,940Net Assets 2015: $13,255,3612015Assets 2016: $107,023,616Liabilities 2016: $93,328,893Net Assets 2016: $13,694,7232016Assets 2017: $106,329,845Liabilities 2017: $92,402,502Net Assets 2017: $13,927,3432017Assets 2018: $102,682,814Liabilities 2018: $88,561,371Net Assets 2018: $14,121,4432018Assets 2019: $102,221,120Liabilities 2019: $88,021,190Net Assets 2019: $14,199,9302019Assets 2020: $109,766,973Liabilities 2020: $95,226,045Net Assets 2020: $14,540,9282020Assets 2021: $115,018,497Liabilities 2021: $99,984,252Net Assets 2021: $15,034,2452021Assets 2022: $112,516,103Liabilities 2022: $97,306,993Net Assets 2022: $15,209,1102022Assets 2023: $123,514,563Liabilities 2023: $107,439,538Net Assets 2023: $16,075,0252023Assets 2024: $151,358,711Liabilities 2024: $134,854,665Net Assets 2024: $16,504,0462024

Highlighted filing

2019

Assets$102,221,120
Liabilities$88,021,190
Net Assets$14,199,930
Open 2019 Filing

Operations Trend

Revenue Growth8th percentile

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

$10M$5.0M$0Expenses 2010: $4,778,8722010Expenses 2011: $4,438,6422011Expenses 2012: $4,205,3602012Revenue 2013: $4,811,426Expenses 2013: $4,067,608Net Income 2013: $743,8182013Revenue 2014: $5,516,148Expenses 2014: $4,213,449Net Income 2014: $1,302,6992014Revenue 2015: $5,534,662Expenses 2015: $4,366,006Net Income 2015: $1,168,6562015Revenue 2016: $6,102,538Expenses 2016: $5,663,176Net Income 2016: $439,3622016Revenue 2017: $4,592,236Expenses 2017: $4,359,616Net Income 2017: $232,6202017Revenue 2018: $4,640,173Expenses 2018: $4,446,073Net Income 2018: $194,1002018Revenue 2019: $4,660,468Expenses 2019: $4,581,981Net Income 2019: $78,4872019Revenue 2020: $5,106,008Expenses 2020: $4,765,010Net Income 2020: $340,9982020Revenue 2021: $5,008,646Expenses 2021: $4,515,329Net Income 2021: $493,3172021Revenue 2022: $4,574,179Expenses 2022: $4,399,314Net Income 2022: $174,8652022Revenue 2023: $6,428,970Expenses 2023: $5,563,055Net Income 2023: $865,9152023Revenue 2024: $8,278,993Expenses 2024: $7,849,972Net Income 2024: $429,0212024

Highlighted filing

2019

Revenue$4,660,468
Expenses$4,581,981
Net Income$78,487
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 26, 2020
Return Version
2019v5.1
Gross Receipts
$4,660,468
Mission and Program Overview

Mission

The promotion of thrift among its members by the accumulation of their savings and the loaning of such savings back to its members at a moderate rate of interest.

Credit union member service/thrift

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$60,881,433$64,683,198▲ $3,801,765
Investments Other Securities$30,731,828$27,574,633▼ $3,157,195
Rtn Earn Endowment Incm Other Fnds$14,121,443$14,199,930▲ $78,487
Savings and Temporary Cash Investments$5,460,695$5,088,282▼ $372,413
Receivables From Officers Etc$1,985,115$1,416,204▼ $568,911
Land, Buildings, and Equipment, Net$1,012,212$978,940▼ $33,272
Cash and Non-Interest-Bearing Accounts$852,367$785,144▼ $67,223
Intangible Assets$203,957$203,957→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$102,682,814$102,221,120▼ $461,694
Other Assets Total$1,555,207$1,490,762▼ $64,445
Liabilities
Other Liabilities$87,106,322$86,611,334▼ $494,988
Accounts Payable and Accrued Expenses$705,049$1,409,856▲ $704,807
Mortgage Notes Payable Secured by Investment Property$750,000--
Total Liabilities$88,561,371$88,021,190▼ $540,181
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,121,443$14,199,930▲ $78,487
Total Liabilities and Net Assets / Fund Balance$102,682,814$102,221,120▼ $461,694

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$534,722$1,607,940-
Land$276,500--
Equipment$166,901$634,552-
Leasehold Improvements$817$225,495-
Other Securities$156,700--
Closely Held Equity Interests$75,000--
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseTotal
James DonahueTreasurerFT$168,418$168,418

Board Members and Trustees

NameTitle
Paul CrowleyChairperson
Mathew NewhallVice Chairman
George W Honor JrDirector
Kevin J ChilesDirector
Mark KennardDirector
Nilsen GarciaDirector
Paul BarronDirector
Virginia DoocyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,962,493
Investment Income
$697,975
Other Revenue
$0
Change in Net Assets
$78,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,810,117
Salaries, Compensation, and Employee Benefits$1,771,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,380,442
Interest---$905,322
All Other Expenses---$297,640
Other Employee Benefits---$203,252
Advertising---$174,315
Other Expenses---$135,483
Depreciation Depletion---$125,574
Payroll Taxes---$121,466
Occupancy---$119,725
Pension Plan Contributions---$66,704
Travel---$9,476
Total Functional Expenses$0$0$0$4,581,981
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,985,115$1,416,204▼ $568,911
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$86,611,334
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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 6

“The credit union is owned by its members.”

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

“Credit union members elect their volunteer board od directors who are also members of the credit union. One member, one vote.”

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

“Any major changes to the credit union's by-laws must be approved by the membership”

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

“The accounting manager prepares the 990. The president/ceo reviews the form for accuracy. The credit union's outside cpa auditor reviews the form and makes any necessary corrections before electronically filing the report on the credit union's behalf. The 990 is available for the board and supervisory committee to review.”

Form 990, Part VI, Section B, Line 15

“Professional credit union compensation surveys are obtained and provided to the board. The board uses this information in conjunction with review of the performance of the ceo to determine an appropriate compensation amount. The board votes on the ceo's compensation.”

Form 990, Part VI, Section C, Line 19

“The credit union's bylaws are avaialble upon request. Financial statements are posted in the cu main lobby and are available upon request. They can also be viewed on ncua's website.”

Filing and Contact Details

Filer

Filer Name
General Electric River Works Cu
EIN
04-6061145
Phone
7815990096
Address
947 WESTERN AVE, LYNN, MA 01905
Doing Business As
Riverworks Credit Union

Signing Officer

Name
James Donahue
Title
CEO
Phone
7815990096
Signed
2020-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Donahue
Formed
1936
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
25
Volunteers
0

Preparer

Firm
Walsh & Co
Address
31 CHURCH STREET SUITE 2, WINCHESTER, MA 01890
Preparer
Michael J Walsh CPA
Phone
7817210295
Raw XML AppendixShowing 400 of 453 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/ReconcilationRevenueExpnssAmt078487
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014121443
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014199930
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05460695
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05088282
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0534722
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01607940
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02142662
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt075000
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt0166901
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0634552
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0801453
IRS990ScheduleD/LandGrp/BookValueAmt0276500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0276500
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0817
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0225495
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0226312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt086611334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt027342933
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1156700
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INTEREST BEARING DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FHLB STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0978940
IRS990ScheduleD/TotalBookValueSecuritiesAmt027574633
IRS990ScheduleD/TotalLiabilityAmt086611334
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0168418
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES DONAHUE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0168418
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt090812
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1115312
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt225541
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3327434
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt4857105
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd60
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd60
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd6X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt091289
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1175000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2130000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt3550000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt440000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt5363000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt6900000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0PAUL BARRON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1PAUL CROWLEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2MARK KENNARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3MATHEW NEWHALL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4JAMES DONAHUE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5NILSEN GARCIA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6KEVIN CHILES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt6DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd60
IRS990ScheduleL/TotalBalanceDueAmt01416204
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS OWNED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CREDIT UNION MEMBERS ELECT THEIR VOLUNTEER BOARD OD DIRECTORS WHO ARE ALSO MEMBERS OF THE CREDIT UNION. ONE MEMBER, ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY MAJOR CHANGES TO THE CREDIT UNION'S BY-LAWS MUST BE APPROVED BY THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ACCOUNTING MANAGER PREPARES THE 990. THE PRESIDENT/CEO REVIEWS THE FORM FOR ACCURACY. THE CREDIT UNION'S OUTSIDE CPA AUDITOR REVIEWS THE FORM AND MAKES ANY NECESSARY CORRECTIONS BEFORE ELECTRONICALLY FILING THE REPORT ON THE CREDIT UNION'S BEHALF. THE 990 IS AVAILABLE FOR THE BOARD AND SUPERVISORY COMMITTEE TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL CREDIT UNION COMPENSATION SURVEYS ARE OBTAINED AND PROVIDED TO THE BOARD. THE BOARD USES THIS INFORMATION IN CONJUNCTION WITH REVIEW OF THE PERFORMANCE OF THE CEO TO DETERMINE AN APPROPRIATE COMPENSATION AMOUNT. THE BOARD VOTES ON THE CEO'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION'S BYLAWS ARE AVAIALBLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE CU MAIN LOBBY AND ARE AVAILABLE UPON REQUEST. THEY CAN ALSO BE VIEWED ON NCUA'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0102682814
IRS990/TotalAssetsEOYAmt0102221120
IRS990/TotalAssetsGrp/BOYAmt0102682814
IRS990/TotalAssetsGrp/EOYAmt0102221120
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/TotalAmt04581981
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt088561371
IRS990/TotalLiabilitiesEOYAmt088021190
IRS990/TotalLiabilitiesGrp/BOYAmt088561371
IRS990/TotalLiabilitiesGrp/EOYAmt088021190
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014121443
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014199930
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt03962493
IRS990/TotalReportableCompFromOrgAmt0168418
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04660468

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$102,221,120
Liabilities
$88,021,190
Net assets
$14,199,930
Revenue
$4,660,468
Expenses
$4,581,981
Net income
$78,487
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$151$135$16.5$8.28$7.85$0.43
2023Detailed filing. Detailed filing data is available for this year.$124$107$16.1$6.43$5.56$0.87
2022Detailed filing. Detailed filing data is available for this year.$113$97.3$15.2$4.57$4.40$0.17
2021Detailed filing. Detailed filing data is available for this year.$115$100.0$15.0$5.01$4.52$0.49
2020Detailed filing. Detailed filing data is available for this year.$110$95.2$14.5$5.11$4.77$0.34
2019Detailed filing. Detailed filing data is available for this year.$102$88.0$14.2$4.66$4.58$0.08
2018Detailed filing. Detailed filing data is available for this year.$103$88.6$14.1$4.64$4.45$0.19
2017Detailed filing. Detailed filing data is available for this year.$106$92.4$13.9$4.59$4.36$0.23
2016Detailed filing. Detailed filing data is available for this year.$107$93.3$13.7$6.10$5.66$0.44
2015Detailed filing. Detailed filing data is available for this year.$106$92.7$13.3$5.53$4.37$1.17
2014Detailed filing. Detailed filing data is available for this year.$103$90.7$12.1$5.52$4.21$1.30
2013Detailed filing. Detailed filing data is available for this year.$94.3$83.4$10.9$4.81$4.07$0.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.8$73.6$10.2$4.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.8$76.7$9.16$4.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.4$74.4$8.04$4.78