Dutch Point Credit Union Inc
990 • Fiscal year 2012 • EIN 06-6039973
Scores are not available for this record yet.
Assets
Flat$194,669,913
Flat from 2012
Net Assets
Flat$21,556,965
Flat from 2012
Liabilities
Flat$173,112,948
Flat from 2012
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$7,929,838
Flat from 2012
Net Income
-
No earlier filing loaded for comparison.
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- Sep 23, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $9,792,085
Mission
As a trusted partner, dutch point credit union improves members' financial well-being through financial solutions and education.
Filer
- EIN
- 06-6039973
Raw XML AppendixShowing 400 of 462 raw XML fields
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| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBIT MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED NO LIABILITY EXISTS FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. AS SUCH, THE CREDIT UNION HAS NOT FILED TAX RETURNS FOR REPORTING UBIT-RELATED INCOME FOR TAX YEARS SUBSEQUENT TO DECEMBER 31, 2009. THE IRS AND STATE, WHERE APPLICABLE, HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR YEARS IN WHICH NO TAX RETURN WAS FILED. CURRENTLY, THE 2011, 2010, AND 2009 FEDERAL INCOME TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. MANAGEMENT HAS DETERMINED THAT THE FINANCIAL IMPACT, IF ANY, OF NOT FILING UBIT-RELATED INCOME TAX RETURNS IN PREVIOUS YEARS WOULD NOT BE MATERIAL TO THE CREDIT UNION'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2012, AND 2011. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 1 | LOSS - OTHER REAL ESTATE OWNED |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 2 | LOSS - OTHER REAL ESTATE OWNED |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 1 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 2 | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
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| IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg | 0 | 10200 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg | 0 | 64204 |
| IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation | 0 | FRANCIS R. N. PROTO PARTICIPATES IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. THE EMPLOYEE IS NOT VESTED IN THIS PLAN. THE CURRENT YEAR NON VESTED DEFERRAL IS INCLUDED IN SCHEDULE J, PART II, COLUMN C. |
| IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference | 0 | PART I, LINE 4B |
| IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson | 0 | FRANCIS R N PROTO |
| IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg | 0 | 14925 |
| IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg | 0 | 21050 |
| IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/Title | 0 | DIRECTOR, PRESIDENT, CEO |
| IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg | 0 | 310579 |
| IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/IndependentConsultant | 0 | X |
| IRS990/ScheduleJRequired | 0 | 1 |
| IRS990ScheduleJ/SeverancePayment | 0 | 0 |
| IRS990ScheduleJ/SubstantiationRequired | 0 | 1 |
| IRS990ScheduleJ/SupplementalNonqualRetirePlan | 0 | 1 |
| IRS990ScheduleJ/WrittenEmploymentContract | 0 | X |
| IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction | 0 | 44082 |
| IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction | 0 | EMPLOYMENT |
| IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson | 0 | SHANNON DWYER |
| IRS990ScheduleL/Form990ScheduleLPartIV/Relationship | 0 | DAUGHTER OF CHAIRMAN OF BOARD |
| IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues | 0 | 0 |
| IRS990ScheduleL/LoanTable/ApprovedByBoard | 0 | 1 |
| IRS990ScheduleL/LoanTable/BalanceDue | 0 | 120000 |
| IRS990ScheduleL/LoanTable/Default | 0 | 0 |
| IRS990ScheduleL/LoanTable/LoanFromOrganization | 0 | X |
| IRS990ScheduleL/LoanTable/NamePerson | 0 | FRANCIS R N PROTO |
| IRS990ScheduleL/LoanTable/OriginalPrincipalAmount | 0 | 120000 |
| IRS990ScheduleL/LoanTable/PurposeOfLoan | 0 | DEMAND LOAN |
| IRS990ScheduleL/LoanTable/RelationshipWithOrganization | 0 | DIRECTOR/PRESIDENT AND CEO |
| IRS990ScheduleL/LoanTable/WrittenAgreement | 0 | 1 |
| IRS990ScheduleL/TotalBalanceDue | 0 | 120000 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | INDIVIDUALS MAINTAINING A MINIMUM DEPOSIT BALANCE WITH THE ORGANIZATION ARE CONSIDERED MEMBERS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | MEMBERS IN GOOD STANDING MAY VOTE FOR DIRECTORS AS TERMS EXPIRE. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | COPIES OF THE RETURN ARE PROVIDED TO THE GOVERNING BOARD PRIOR TO FILING. PRIOR TO FINALIZING THE RETURN A COPY IS PROVIDED TO THE PRESIDENT/CEO AND CFO FOR THEIR REVIEW. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | THE ORGANIZATION ANNUALLY REVIEWS THEIR CONFLICT OF INTEREST POLICY WITH DIRECTORS, OFFICERS AND KEY EMPLOYEES. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | THE ORGANIZATIONS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE PUBLISHED ON THEIR WEB SITE. |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/ScheduleORequired | 0 | 1 |
| IRS990/School | 0 | 0 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 0 |
| IRS990/StateLegalDomicile | 0 | CT |
| IRS990/SubjectToProxyTax | 0 | 0 |
| IRS990/TaxablePartyNotification | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | 0 |
| IRS990/Terminated | 0 | 0 |
| IRS990/TermOrPermanentEndowments | 0 | 0 |
| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | 195 SILAS DEANE HIGHWAY |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | WETHERSFIELD |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | CT |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 061091283 |
| IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1 | 0 | CHARLYN TANNER CFO |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 8605632617 |
| IRS990/TotalAssets/BOY | 0 | 186394480 |
| IRS990/TotalAssetsBOY | 0 | 186394480 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $194,669,913
- Liabilities
- $173,112,948
- Net assets
- $21,556,965
- Revenue
- -
- Expenses
- $7,929,838
- Net income
- -