Civic Intelligence

Ocean State Credit Union

990 • Fiscal year 2013 • EIN 05-0263842

Jan 01, 2013 to Dec 31, 2013 • Filed on Feb 25, 2014

Organization ProfileCoventrycu.org

View Organization Page

2006 Nooseneck Hill RoadCoventry, RI 02816

(401) 397-1900

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.91x

Higher debt load relative to assets than 73% of similar nonprofits.

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

Liabilities / Revenue

48th percentile

18.13x

Higher debt load relative to revenue than 48% of similar nonprofits.

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

Net Margin

35th percentile

7.5%

Higher net margin than 35% of similar nonprofits.

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

Top Officer Pay

90th percentile

$325,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

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

Asset Growth

67th percentile

4.2%

Faster asset growth than 67% of similar nonprofits.

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

Revenue Growth

19th percentile

-8.4%

Faster revenue growth than 19% of similar nonprofits.

2013 filings • $100M-$250M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$229,968,547

Up $9,255,856 (+4.2%) from 2012

Net Assets

Up

$20,208,944

Up $120,323 (+0.6%) from 2012

Liabilities

Up

$209,759,603

Up $9,135,533 (+4.6%) from 2012

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin35th percentile

Revenue

Down

$11,571,077

Down $1,062,720 (-8.4%) from 2012

Expenses

Down

$10,698,260

Down $629,060 (-5.6%) from 2012

Net Income

Down

$872,817

Down $433,660 (-33%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$400M$300M$200M$100M$0Assets 2010: $254,665,737Liabilities 2010: $236,040,638Net Assets 2010: $18,625,0992010Assets 2011: $248,263,097Liabilities 2011: $229,466,263Net Assets 2011: $18,796,8342011Assets 2012: $220,712,691Liabilities 2012: $200,624,070Net Assets 2012: $20,088,6212012Assets 2013: $229,968,547Liabilities 2013: $209,759,603Net Assets 2013: $20,208,9442013Assets 2014: $232,012,055Liabilities 2014: $211,265,569Net Assets 2014: $20,746,4862014Assets 2015: $246,777,584Liabilities 2015: $224,907,950Net Assets 2015: $21,869,6342015Assets 2016: $257,756,254Liabilities 2016: $234,688,926Net Assets 2016: $23,067,3282016Assets 2017: $248,426,040Liabilities 2017: $223,741,748Net Assets 2017: $24,684,2922017Assets 2018: $270,458,405Liabilities 2018: $243,959,379Net Assets 2018: $26,499,0262018Assets 2019: $290,170,256Liabilities 2019: $261,959,906Net Assets 2019: $28,210,3502019Assets 2020: $323,002,035Liabilities 2020: $291,716,897Net Assets 2020: $31,285,1382020Assets 2021: $328,452,290Liabilities 2021: $293,475,413Net Assets 2021: $34,976,8772021Assets 2022: $344,864,750Liabilities 2022: $307,988,350Net Assets 2022: $36,876,4002022Assets 2023: $339,279,531Liabilities 2023: $301,410,902Net Assets 2023: $37,868,6292023Assets 2024: $343,705,007Liabilities 2024: $304,818,647Net Assets 2024: $38,886,3602024

Highlighted filing

2013

Assets$229,968,547
Liabilities$209,759,603
Net Assets$20,208,944
Open 2013 Filing

Operations Trend

Revenue Growth19th percentile

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

$20M$15M$10M$5.0M$0Expenses 2010: $14,516,0152010Expenses 2011: $13,607,0662011Revenue 2012: $12,633,797Expenses 2012: $11,327,320Net Income 2012: $1,306,4772012Revenue 2013: $11,571,077Expenses 2013: $10,698,260Net Income 2013: $872,8172013Revenue 2014: $11,124,509Expenses 2014: $10,522,955Net Income 2014: $601,5542014Revenue 2015: $11,737,634Expenses 2015: $10,688,239Net Income 2015: $1,049,3952015Revenue 2016: $11,832,863Expenses 2016: $10,708,561Net Income 2016: $1,124,3022016Revenue 2017: $11,851,814Expenses 2017: $10,270,419Net Income 2017: $1,581,3952017Revenue 2018: $12,318,962Expenses 2018: $10,486,323Net Income 2018: $1,832,6392018Revenue 2019: $13,270,542Expenses 2019: $11,638,936Net Income 2019: $1,631,6062019Revenue 2020: $15,471,202Expenses 2020: $12,449,742Net Income 2020: $3,021,4602020Revenue 2021: $14,903,508Expenses 2021: $11,224,786Net Income 2021: $3,678,7222021Revenue 2022: $13,825,699Expenses 2022: $11,859,406Net Income 2022: $1,966,2932022Revenue 2023: $16,179,714Expenses 2023: $14,819,328Net Income 2023: $1,360,3862023Revenue 2024: $17,544,172Expenses 2024: $16,533,488Net Income 2024: $1,010,6842024

Highlighted filing

2013

Revenue$11,571,077
Expenses$10,698,260
Net Income$872,817
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Feb 25, 2014
Return Version
2013v3.1
Gross Receipts
$11,571,077
Mission and Program Overview

Mission

To provide low cost financial services to member depositors.

The Credit Union is a co-operative owned by its member depositors. Income relaized from investment and loan activities enable the Credit Union to provide low cost financial services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$143,475,776$174,659,433▲ $31,183,657
Savings and Temporary Cash Investments$61,464,820$34,567,086▼ $26,897,734
Rtn Earn Endowment Incm Other Fnds$19,696,797$20,208,944▲ $512,147
Cash and Non-Interest-Bearing Accounts$4,698,767$10,069,704▲ $5,370,937
Land, Buildings, and Equipment, Net$5,373,695$5,070,372▼ $303,323
Prepaid Expenses and Deferred Charges$1,349,964$509,581▼ $840,383
Total Assets$220,585,821$229,968,547▲ $9,382,726
Other Assets Total$4,222,799$5,092,371▲ $869,572
Liabilities
Other Liabilities$180,985,587$190,541,819▲ $9,556,232
Mortgage Notes Payable Secured by Investment Property$19,000,000$19,000,000→ $0
Accounts Payable and Accrued Expenses$903,437$217,784▼ $685,653
Total Liabilities$200,889,024$209,759,603▲ $8,870,579
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,696,797$20,208,944▲ $512,147
Total Liabilities and Net Assets / Fund Balance$220,585,821$229,968,547▲ $9,382,726

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,308,593$2,887,301$6,195,894
Equipment$519,376$2,569,876$3,089,252
Land$1,242,403-$1,242,403
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
David L RootPresident/CEOFT$325,000$325,000
Denise WarburtonVP Mortgage LendingFT$138,643$138,643
Ginnie SosnickiCOOFT$108,660$108,660
Bruce B HeckerSecretary-$9,750$9,750
Michael D AirhartVice Chairman-$9,750$9,750
Roger JLaliberteChairman-$9,750$9,750
William A SheldonDirector-$9,750$9,750
James RoweDirector-$9,350$9,350
Paul E ScalingDirector-$9,100$9,100
Richard AudetDirector-$9,100$9,100
Richard P SullivanDirector-$9,100$9,100
Robert H McGuireDirector-$9,100$9,100
Therese S StaffordDirector-$9,100$9,100
Leo R BlaisDirector-$7,700$7,700
Thomas F LacolleTreasurer-$4,500$4,500
Gerard R CayerDirector-$1,400$1,400

Highest Paid Contractors

ContractorServicesLocationCompensation
Open Solutions IncSoftware and Support-$251,133
D3 Logic IncStatement preparation and mailing-$232,572
VerizonTelephone-$226,729
Mutual Properties IncRent-$158,760
National GridUtilities-$89,653
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,032,755
Investment Income
$538,322
Other Revenue
$0
Change in Net Assets
$872,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,917,923
Salaries, Compensation, and Employee Benefits$3,780,337
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,144,028--$2,144,028
Interest$1,822,128--$1,822,128
Fees for Services Management$686,888--$686,888
Current Officers, Directors, Trustees, and Key Employees$679,753--$679,753
Occupancy$666,015--$666,015
Depreciation Depletion$638,348--$638,348
Information Technology$568,161--$568,161
Payroll Taxes$466,386--$466,386
All Other Expenses$441,263--$441,263
Other Employee Benefits$394,170--$394,170
Advertising$240,213--$240,213
Office Expenses$110,195--$110,195
Pension Plan Contributions$96,000--$96,000
Other Expenses$90,000--$90,000
Insurance$75,059--$75,059
Travel$66,388--$66,388
Fees for Services Accounting$57,000--$57,000
Conferences and Meetings$52,001--$52,001
Fees for Services Legal$21,534--$21,534
Total Functional Expenses$10,698,260$0$0$10,698,260
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
Federal income taxes$190,437,819
Member Deposits$104,000
Accrued Interest Payable-
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 6

“The Credit Union is owned by its member depositors.”

Form 990, Part VI, Section A, Line 7

“The members elect the Board of Directors at the Annual Meeting and ratify all actions.”

Form 990, Part VI, Section A, Line 8

“The Board meets on a monthly basis. Minutes of all Board and Committee meetings, as well as the Annual Meeting, are taken and retained by the Credit Union.”

Form 990, Part VI, Section B, Line 11

“The Form 990 is reviewed by management prior to filing and approved by the Board of Directors at its subsequent meeting.”

Form 990, Part VI, Section B, Line 12A

“The Supervisory Committee regularly monitors Board activity for possible conflicts of interest and activities prohibited by Rhods Island and Federal Laws governing Credit Unions.”

Form 990, Part VI, Section B, Line 15

“The CEOs salary is approved by the Board via written contractual agreement. Board and Committee compensation is approved annually by the members at the Annual Meeting.”

Form 990, Part VI, Section C, Line 19

“Financial results are posted monthly at each branch office. Members may request copies of Credit Union Policies at any time.”

Filing and Contact Details

Filer

EIN
05-0263842
Phone
4013971900

Signing Officer

Name
David Root CEO
Title
President
Signed
2014-02-25
Discuss with paid preparer
Yes

Organization Details

Formed
1950
Legal Domicile
Ri
Voting Board Members
12
Independent Board Members
12
Employees
85

Preparer

Preparer
David Root
Phone
5086696476
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP Mortgage Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt15COO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01950
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt011571077
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0568161
IRS990/InformationTechnologyGrp/TotalAmt0568161
IRS990/InsuranceGrp/ProgramServicesAmt075059
IRS990/InsuranceGrp/TotalAmt075059
IRS990/InterestGrp/ProgramServicesAmt01822128
IRS990/InterestGrp/TotalAmt01822128
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0538322
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0538322
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt010855
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05457177
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05373695
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05070372
IRS990/LandBldgEquipCostOrOtherBssAmt010527549
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide low cost financial services to member depositors.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt019000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019000000
IRS990/NetAssetsOrFundBalancesBOYAmt019696797
IRS990/NetAssetsOrFundBalancesEOYAmt020208944
IRS990/NetUnrelatedBusTxblIncmAmt0-6153
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0666015
IRS990/OccupancyGrp/TotalAmt0666015
IRS990/OfficeExpensesGrp/ProgramServicesAmt0110195
IRS990/OfficeExpensesGrp/TotalAmt0110195
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04222799
IRS990/OtherAssetsTotalGrp/EOYAmt05092371
IRS990/OtherChangesInNetAssetsAmt0-360670
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0394170
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0394170
IRS990/OtherExpensesGrp/Desc0Allowance for Loan Losses
IRS990/OtherExpensesGrp/Desc1Equipment Maint and Leasing
IRS990/OtherExpensesGrp/Desc2Collection and OREO expenses
IRS990/OtherExpensesGrp/Desc3Deposit Taxes
IRS990/OtherExpensesGrp/ProgramServicesAmt0132990
IRS990/OtherExpensesGrp/ProgramServicesAmt1810051
IRS990/OtherExpensesGrp/ProgramServicesAmt2439689
IRS990/OtherExpensesGrp/ProgramServicesAmt390000
IRS990/OtherExpensesGrp/TotalAmt0132990
IRS990/OtherExpensesGrp/TotalAmt1810051
IRS990/OtherExpensesGrp/TotalAmt2439689
IRS990/OtherExpensesGrp/TotalAmt390000
IRS990/OtherLiabilitiesGrp/BOYAmt0180985587
IRS990/OtherLiabilitiesGrp/EOYAmt0190541819
IRS990/OtherOrganizationDsc0Credit Union
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02144028
IRS990/OtherSalariesAndWagesGrp/TotalAmt02144028
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0466386
IRS990/PayrollTaxesGrp/TotalAmt0466386
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt096000
IRS990/PensionPlanContributionsGrp/TotalAmt096000
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01349964
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0509581
IRS990/PrincipalOfcrBusinessAddress/BusinessNameLine10David Root
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3522291
IRS990/ProgramServiceRevenueGrp/BusinessCd4531120
IRS990/ProgramServiceRevenueGrp/Desc0Interest and fees on loans
IRS990/ProgramServiceRevenueGrp/Desc1Other fees and charges
IRS990/ProgramServiceRevenueGrp/Desc2Sale of consumer mortgages
IRS990/ProgramServiceRevenueGrp/Desc3Gain on sale of assets
IRS990/ProgramServiceRevenueGrp/Desc4Rental income and insurance premiums
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07328741
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12622653
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2961964
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt361690
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07328741
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12622653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2961964
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt361690
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt457707
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt057707
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0586467
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt07887568
IRS990/PYProgramServiceRevenueAmt012047330
IRS990/PYRevenuesLessExpensesAmt01143207
IRS990/PYSalariesCompEmpBnftPaidAmt03603022
IRS990/PYTotalExpensesAmt011490590
IRS990/PYTotalRevenueAmt012633797
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0872817
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt011571077
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt019696797
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt020208944
IRS990/SavingsAndTempCashInvstGrp/BOYAmt061464820
IRS990/SavingsAndTempCashInvstGrp/EOYAmt034567086
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03308593
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02887301
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06195894
IRS990ScheduleD/EquipmentGrp/BookValueAmt0519376
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02569876
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03089252
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt01242403
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01242403
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0190437819
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1104000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Accrued Interest Payable
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05070372
IRS990ScheduleD/TotalLiabilityAmt0190541819
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Credit Union is owned by its member depositors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members elect the Board of Directors at the Annual Meeting and ratify all actions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board meets on a monthly basis. Minutes of all Board and Committee meetings, as well as the Annual Meeting, are taken and retained by the Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is reviewed by management prior to filing and approved by the Board of Directors at its subsequent meeting.

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$229,968,547
Liabilities
$209,759,603
Net assets
$20,208,944
Revenue
$11,571,077
Expenses
$10,698,260
Net income
$872,817
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$344$305$38.9$17.5$16.5$1.01
2023Detailed filing. Detailed filing data is available for this year.$339$301$37.9$16.2$14.8$1.36
2022Detailed filing. Detailed filing data is available for this year.$345$308$36.9$13.8$11.9$1.97
2021Detailed filing. Detailed filing data is available for this year.$328$293$35.0$14.9$11.2$3.68
2020Detailed filing. Detailed filing data is available for this year.$323$292$31.3$15.5$12.4$3.02
2019Detailed filing. Detailed filing data is available for this year.$290$262$28.2$13.3$11.6$1.63
2018Detailed filing. Detailed filing data is available for this year.$270$244$26.5$12.3$10.5$1.83
2017Summary only. Only limited summary data is available for this year.$248$224$24.7$11.9$10.3$1.58
2016Detailed filing. Detailed filing data is available for this year.$258$235$23.1$11.8$10.7$1.12
2015Detailed filing. Detailed filing data is available for this year.$247$225$21.9$11.7$10.7$1.05
2014Detailed filing. Detailed filing data is available for this year.$232$211$20.7$11.1$10.5$0.60
2013Detailed filing. Detailed filing data is available for this year.$230$210$20.2$11.6$10.7$0.87
2012Summary only. Only limited summary data is available for this year.$221$201$20.1$12.6$11.3$1.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$248$229$18.8$13.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$255$236$18.6$14.5