Civic Intelligence

Ocean State Credit Union

990 • Fiscal year 2018 • EIN 05-0263842

Jan 01, 2018 to Dec 31, 2018 • Filed on May 20, 2019

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

68th percentile

0.90x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

19.80x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Net Margin

52nd percentile

15%

Higher net margin than 52% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$374,100

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Asset Growth

82nd percentile

8.9%

Faster asset growth than 82% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

3.9%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$270,458,405

Up $22,032,365 (+8.9%) from 2017

Net Assets

Up

$26,499,026

Up $1,814,734 (+7.4%) from 2017

Liabilities

Up

$243,959,379

Up $20,217,631 (+9.0%) from 2017

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin52nd percentile

Revenue

Up

$12,318,962

Up $467,148 (+3.9%) from 2017

Expenses

Up

$10,486,323

Up $215,904 (+2.1%) from 2017

Net Income

Up

$1,832,639

Up $251,244 (+16%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2018

Assets$270,458,405
Liabilities$243,959,379
Net Assets$26,499,026
Open 2018 Filing

Operations Trend

Revenue Growth13th 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

2018

Revenue$12,318,962
Expenses$10,486,323
Net Income$1,832,639
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 20, 2019
Return Version
2018v3.1
Gross Receipts
$12,318,962
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 realized 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$207,964,626$228,903,471▲ $20,938,845
Savings and Temporary Cash Investments$27,127,602$27,964,370▲ $836,768
Rtn Earn Endowment Incm Other Fnds$24,684,292$26,499,026▲ $1,814,734
Land, Buildings, and Equipment, Net$4,878,346$4,747,608▼ $130,738
Cash and Non-Interest-Bearing Accounts$2,893,216$2,180,897▼ $712,319
Prepaid Expenses and Deferred Charges$583,749$502,296▼ $81,453
Total Assets$248,426,040$270,458,405▲ $22,032,365
Other Assets Total$4,978,501$6,159,763▲ $1,181,262
Liabilities
Other Liabilities$218,535,495$223,420,384▲ $4,884,889
Mortgage Notes Payable Secured by Investment Property$5,000,000$20,000,000▲ $15,000,000
Accounts Payable and Accrued Expenses$206,253$538,995▲ $332,742
Total Liabilities$223,741,748$243,959,379▲ $20,217,631
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,684,292$26,499,026▲ $1,814,734
Total Liabilities and Net Assets / Fund Balance$248,426,040$270,458,405▲ $22,032,365

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,205,242$4,154,228$7,359,470
Equipment$299,963$3,516,977$3,816,940
Land$1,242,403-$1,242,403
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David L RootPresident/CEOFT$300,000$74,100$374,100
Ginnie SosnickiCOOFT$134,300-$134,300
Thomas CarrollMortgage OriginatorFT$112,522-$112,522
Bruce B HeckerSecretary-$9,000-$9,000
James RoweTreasurer-$9,000-$9,000
Michael D AirhartVice Chairman-$9,000-$9,000
Roger JLaliberteChairman-$9,000-$9,000
William A SheldonDirector-$9,000-$9,000
Gerard R CayerDirector-$8,400-$8,400
Paul E SkalingDirector-$8,400-$8,400
Richard AudetDirector-$8,400-$8,400
Richard P SullivanDirector-$8,400-$8,400
Therese S StaffordDirector-$8,400-$8,400
Leo R BlaisDirector-$7,700-$7,700
Robert H McGuireDirector-$7,700-$7,700

Highest Paid Contractors

ContractorServicesLocationCompensation
FiServSoftware and Support455 Winding Brook Road, Glastonbury, CT 02854$380,177
D3 Logic IncStatement preparation and mailing2220 Plainfield Pike, Cranston, RI 02921$186,135
NES GroupConstruction903 S Main Street, Mansfield, MA 02048$154,046
Coventry Tax CollectorProperty TaxesTown Hall, Coventry, RI 02816$148,079
Sinclair Broadcast GroupTelevisionPO Box 206270, Dallas, TX 75320$134,625
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,784,977
Investment Income
$533,985
Other Revenue
$0
Change in Net Assets
$1,832,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,665,704
Salaries, Compensation, and Employee Benefits$3,820,619
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,331,479--$2,331,479
Interest$1,718,613--$1,718,613
Information Technology$1,222,565--$1,222,565
Current Officers, Directors, Trustees, and Key Employees$723,322--$723,322
Office Expenses$626,101--$626,101
Occupancy$597,335--$597,335
Other Employee Benefits$410,968--$410,968
Depreciation Depletion$409,026--$409,026
Advertising$285,976--$285,976
Payroll Taxes$222,850--$222,850
All Other Expenses$165,610$32,450-$198,060
Other Expenses$145,471--$145,471
Fees for Services Accounting$138,695--$138,695
Pension Plan Contributions$132,000--$132,000
Travel$130,247--$130,247
Insurance$121,682--$121,682
Conferences and Meetings$73,337--$73,337
Fees for Services Legal$25,747--$25,747
Total Functional Expenses$10,453,873$32,450$0$10,486,323
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$223,420,384
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 B, Line 11A

“The Form 990 is reviewed by the Board of Directors prior to its filing.”

Form 990, Part VI, Section B, Line 12

“The Supervisoy Committee regularly monitors Board activity for possible conflicts of interest and activities prohibited by Rhode Island and federal 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 compensation is approved by the members at the Annual Meeting.”

Filing and Contact Details

Filer

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

Signing Officer

Name
David Root CEO
Title
CEO
Phone
4014874417
Signed
2019-05-20
Discuss with paid preparer
Yes

Organization Details

Formed
1950
Legal Domicile
Ri
Voting Board Members
12
Independent Board Members
12
Employees
66

Preparer

Firm
Root & Associates
Address
701 Winthrop St 115, Taunton, MA 02780
Preparer
David Root
Phone
4014874417
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
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/Form990PartVIISectionAGrp/TitleTxt14Mortgage Originator
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/GrossReceiptsAmt012318962
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt01222565
IRS990/InformationTechnologyGrp/TotalAmt01222565
IRS990/InsuranceGrp/ProgramServicesAmt0121682
IRS990/InsuranceGrp/TotalAmt0121682
IRS990/InterestGrp/ProgramServicesAmt01718613
IRS990/InterestGrp/TotalAmt01718613
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0533985
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0533985
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt07048
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07671205
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04878346
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04747608
IRS990/LandBldgEquipCostOrOtherBssAmt012418813
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/BOYAmt05000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt020000000
IRS990/NetAssetsOrFundBalancesBOYAmt024684292
IRS990/NetAssetsOrFundBalancesEOYAmt026499026
IRS990/NetUnrelatedBusTxblIncmAmt0-9890
IRS990/NetUnrlzdGainsLossesInvstAmt0-17905
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0597335
IRS990/OccupancyGrp/TotalAmt0597335
IRS990/OfficeExpensesGrp/ProgramServicesAmt0626101
IRS990/OfficeExpensesGrp/TotalAmt0626101
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04978501
IRS990/OtherAssetsTotalGrp/EOYAmt06159763
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0410968
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0410968
IRS990/OtherExpensesGrp/Desc0Allowance for Loan Losses
IRS990/OtherExpensesGrp/Desc1Equipment Maint and Leasing
IRS990/OtherExpensesGrp/Desc2Collection and OREO expenses
IRS990/OtherExpensesGrp/Desc3Postage
IRS990/OtherExpensesGrp/ProgramServicesAmt06782
IRS990/OtherExpensesGrp/ProgramServicesAmt1644099
IRS990/OtherExpensesGrp/ProgramServicesAmt2321968
IRS990/OtherExpensesGrp/ProgramServicesAmt3145471
IRS990/OtherExpensesGrp/TotalAmt06782
IRS990/OtherExpensesGrp/TotalAmt1644099
IRS990/OtherExpensesGrp/TotalAmt2321968
IRS990/OtherExpensesGrp/TotalAmt3145471
IRS990/OtherLiabilitiesGrp/BOYAmt0218535495
IRS990/OtherLiabilitiesGrp/EOYAmt0223420384
IRS990/OtherOrganizationDsc0Credit Union
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02331479
IRS990/OtherSalariesAndWagesGrp/TotalAmt02331479
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0222850
IRS990/PayrollTaxesGrp/TotalAmt0222850
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0132000
IRS990/PensionPlanContributionsGrp/TotalAmt0132000
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0583749
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0502296
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0David Root
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3531120
IRS990/ProgramServiceRevenueGrp/Desc0Interest and fees on loans
IRS990/ProgramServiceRevenueGrp/Desc1Other fees and charges
IRS990/ProgramServiceRevenueGrp/Desc2Sale of consumer mortgages
IRS990/ProgramServiceRevenueGrp/Desc3Other operating income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08951072
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12302287
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2222539
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3309304
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08951072
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12302287
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2222539
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3309304
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0592362
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt06539313
IRS990/PYOtherRevenueAmt022560
IRS990/PYProgramServiceRevenueAmt011236892
IRS990/PYRevenuesLessExpensesAmt01581395
IRS990/PYSalariesCompEmpBnftPaidAmt03731106
IRS990/PYTotalExpensesAmt010270419
IRS990/PYTotalRevenueAmt011851814
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01832639
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012318962
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt024684292
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt026499026
IRS990/SavingsAndTempCashInvstGrp/BOYAmt027127602
IRS990/SavingsAndTempCashInvstGrp/EOYAmt027964370
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03205242
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04154228
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07359470
IRS990ScheduleD/EquipmentGrp/BookValueAmt0299963
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03516977
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03816940
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt01242403
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01242403
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0223420384
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/TotalBookValueLandBuildingsAmt04747608
IRS990ScheduleD/TotalLiabilityAmt0223420384
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$270,458,405
Liabilities
$243,959,379
Net assets
$26,499,026
Revenue
$12,318,962
Expenses
$10,486,323
Net income
$1,832,639
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