Civic Intelligence

Ocean State Credit Union

990 • Fiscal year 2016 • EIN 05-0263842

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 25, 2017

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

76th percentile

0.91x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

64th percentile

19.83x

Higher debt load relative to revenue than 64% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Net Margin

32nd percentile

9.5%

Higher net margin than 32% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

36th percentile

$342,000

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Asset Growth

32nd percentile

4.4%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

0.8%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Assets

Up

$257,756,254

Up $10,978,670 (+4.4%) from 2015

Net Assets

Up

$23,067,328

Up $1,197,694 (+5.5%) from 2015

Liabilities

Up

$234,688,926

Up $9,780,976 (+4.3%) from 2015

Revenue

Up

$11,832,863

Up $95,229 (+0.8%) from 2015

Expenses

Up

$10,708,561

Up $20,322 (+0.2%) from 2015

Net Income

Up

$1,124,302

Up $74,907 (+7.1%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$257,756,254
Liabilities$234,688,926
Net Assets$23,067,328

Operations Trend

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

2016

Revenue$11,832,863
Expenses$10,708,561
Net Income$1,124,302
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 25, 2017
Return Version
2016v3.0
Gross Receipts
$11,832,863
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$194,007,134$198,113,497▲ $4,106,363
Savings and Temporary Cash Investments$22,217,114$26,532,330▲ $4,315,216
Rtn Earn Endowment Incm Other Fnds$21,869,634$23,067,328▲ $1,197,694
Cash and Non-Interest-Bearing Accounts$19,178,302$22,436,377▲ $3,258,075
Land, Buildings, and Equipment, Net$4,655,132$4,550,590▼ $104,542
Prepaid Expenses and Deferred Charges$600,982$590,643▼ $10,339
Total Assets$246,777,584$257,756,254▲ $10,978,670
Other Assets Total$6,118,920$5,532,817▼ $586,103
Liabilities
Other Liabilities$205,702,108$215,182,154▲ $9,480,046
Mortgage Notes Payable Secured by Investment Property$19,000,000$19,000,000→ $0
Accounts Payable and Accrued Expenses$205,842$506,772▲ $300,930
Total Liabilities$224,907,950$234,688,926▲ $9,780,976
Net Assets / Fund Balance
Total Net Assets Fund Balance$21,869,634$23,067,328▲ $1,197,694
Total Liabilities and Net Assets / Fund Balance$246,777,584$257,756,254▲ $10,978,670

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,931,666$3,763,600$6,568,211
Equipment$376,521$3,446,035$3,627,756
Land$1,242,403-$1,242,403
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David L RootPresident/CEOFT$300,000$42,000$342,000
Ginnie SosnickiCOOFT$118,500-$118,500
Bruce B HeckerSecretary-$9,000-$9,000
Roger JLaliberteChairman-$9,000-$9,000
Gerard R CayerDirector-$8,400-$8,400
Leo R BlaisDirector-$8,400-$8,400
Richard AudetDirector-$8,400-$8,400
Richard P SullivanDirector-$8,400-$8,400
Robert H McGuireDirector-$8,400-$8,400
Therese S StaffordDirector-$8,400-$8,400
William A SheldonDirector-$8,400-$8,400
James RoweTreasurer-$8,250-$8,250
Michael D AirhartVice Chairman-$8,250-$8,250
Paul E SkalingDirector-$7,700-$7,700

Highest Paid Contractors

ContractorServicesLocationCompensation
FiServSoftware and Support455 Winding Brook Road, Glastonbury, CT 02854$274,781
D3 Logic IncStatement preparation and mailing2220 Plainfield Pike, Cranston, RI 02921$226,260
Mutual PropertiesInsurance10 State Street, Albany, NY 12250$172,166
Coventry Tax CollectorProperty TaxesTown Hall, Coventry, RI 02816$133,363
RI Divisionn of RaxationDeposit TaxOne Capitol Hill, Providence, RI 02908$118,774
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,275,859
Investment Income
$557,004
Other Revenue
$0
Change in Net Assets
$1,124,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,332,650
Salaries, Compensation, and Employee Benefits$3,375,911
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,157,970--$2,157,970
Other Salaries and Wages$1,428,142--$1,428,142
Payroll Taxes$931,365--$931,365
All Other Expenses$860,422--$860,422
Occupancy$848,121--$848,121
Information Technology$561,443--$561,443
Current Officers, Directors, Trustees, and Key Employees$519,500--$519,500
Office Expenses$516,872--$516,872
Depreciation Depletion$426,397--$426,397
Other Employee Benefits$376,904--$376,904
Advertising$220,000--$220,000
Other Expenses$161,474--$161,474
Pension Plan Contributions$120,000--$120,000
Insurance$116,464--$116,464
Fees for Services Accounting$100,000--$100,000
Travel$94,695--$94,695
Fees for Services Legal$49,927--$49,927
Total Functional Expenses$10,708,561$0$0$10,708,561
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$215,182,154
Member Deposits-
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 6-7

The Credit Union is owned by its member depositors. Members elect the Board of Directors at the Annual Meeting and ratify all Board actions at that time.

Form 990, Part VI, Section A, Line 8

The Board of Directors meets monthly. Minutes of the meetings of the Board, Supervisory Committee and 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 the Board prior to its filing.

Form 990, Part VI, Section 12, Line A

The Supervisory Committee regularly monitors Board activity for possible conflicts of interest and activities prohibited by Federal and State laws governing credit unions.

Form 990, Part VI, Section B, Line 15

The CEOs salary is approved by the Board via a written contractual agreement. Board and Committee members stipends are approved annually by the members at the Annual Meeting.

Form 990, Part VI, Section C, Line 19

Financial statements are posted monthly after Board ratification at each branch office. Members may request copies of Credit Union policies at any time.

Filing and Contact Details

Filer

Filer Name
Coventry Credit Union
EIN
05-0263842
Phone
4013971900
Address
2006 Nooseneck Hill Road, Coventry, RI 02816

Signing Officer

Name
David Root CEO
Title
CEO
Phone
4013922310
Signed
2017-04-25
Discuss with paid preparer
Yes

Organization Details

Formed
1950
Legal Domicile
Ri
Voting Board Members
12
Independent Board Members
12
Employees
64

Preparer

Firm
Root & Associates
Address
1929 Horton Street, North Dighton, MA 02764
Preparer
David Root
Phone
5086696476
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Increase in the fair market value of investments classified as available for sale

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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/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13COO
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/GrossReceiptsAmt011832863
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0561443
IRS990/InformationTechnologyGrp/TotalAmt0561443
IRS990/InsuranceGrp/ProgramServicesAmt0116464
IRS990/InsuranceGrp/TotalAmt0116464
IRS990/InterestGrp/ProgramServicesAmt02157970
IRS990/InterestGrp/TotalAmt02157970
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0557004
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0557004
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt06779
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06887780
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04655132
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04550590
IRS990/LandBldgEquipCostOrOtherBssAmt011438370
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/NetAssetsOrFundBalancesBOYAmt021869634
IRS990/NetAssetsOrFundBalancesEOYAmt023067328
IRS990/NetUnrlzdGainsLossesInvstAmt073392
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0848121
IRS990/OccupancyGrp/TotalAmt0848121
IRS990/OfficeExpensesGrp/ProgramServicesAmt0516872
IRS990/OfficeExpensesGrp/TotalAmt0516872
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06118920
IRS990/OtherAssetsTotalGrp/EOYAmt05532817
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0376904
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0376904
IRS990/OtherExpensesGrp/Desc0Allowance for Loan Losses
IRS990/OtherExpensesGrp/Desc1Equipment Maint and Leasing
IRS990/OtherExpensesGrp/Desc2Collection and OREO expenses
IRS990/OtherExpensesGrp/Desc3Postage
IRS990/OtherExpensesGrp/ProgramServicesAmt0213009
IRS990/OtherExpensesGrp/ProgramServicesAmt1638398
IRS990/OtherExpensesGrp/ProgramServicesAmt2367458
IRS990/OtherExpensesGrp/ProgramServicesAmt3161474
IRS990/OtherExpensesGrp/TotalAmt0213009
IRS990/OtherExpensesGrp/TotalAmt1638398
IRS990/OtherExpensesGrp/TotalAmt2367458
IRS990/OtherExpensesGrp/TotalAmt3161474
IRS990/OtherLiabilitiesGrp/BOYAmt0205702108
IRS990/OtherLiabilitiesGrp/EOYAmt0215182154
IRS990/OtherOrganizationDsc0Credit Union
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01428142
IRS990/OtherSalariesAndWagesGrp/TotalAmt01428142
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0931365
IRS990/PayrollTaxesGrp/TotalAmt0931365
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0120000
IRS990/PensionPlanContributionsGrp/TotalAmt0120000
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0600982
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0590643
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0David Root
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3522291
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/RelatedOrExemptFuncIncomeAmt07990867
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12666561
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2575777
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt342654
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07990867
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12666561
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2575777
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt342654
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0484245
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt06892598
IRS990/PYProgramServiceRevenueAmt011253389
IRS990/PYRevenuesLessExpensesAmt01049395
IRS990/PYSalariesCompEmpBnftPaidAmt03795641
IRS990/PYTotalExpensesAmt010688239
IRS990/PYTotalRevenueAmt011737634
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01124302
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt011832863
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt021869634
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt023067328
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022217114
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026532330
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02931666
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03763600
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06568211
IRS990ScheduleD/EquipmentGrp/BookValueAmt0376521
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03446035
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03627756
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt01242403
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01242403
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0215182154
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/TotalBookValueLandBuildingsAmt04550590
IRS990ScheduleD/TotalLiabilityAmt0215182154
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Credit Union is owned by its member depositors. Members elect the Board of Directors at the Annual Meeting and ratify all Board actions at that time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors meets monthly. Minutes of the meetings of the Board, Supervisory Committee and the Annual Meeting are taken and retained by the Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is reviewed by the Board prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Supervisory Committee regularly monitors Board activity for possible conflicts of interest and activities prohibited by Federal and State laws governing credit unions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The CEOs salary is approved by the Board via a written contractual agreement. Board and Committee members stipends are approved annually by the members at the Annual Meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Financial statements are posted monthly after Board ratification at each branch office. Members may request copies of Credit Union policies at any time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Increase in the fair market value of investments classified as available for sale
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6-7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section 12, Line A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false

Document Assets

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Filings

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