Civic Intelligence

Glatco Credit Union

990 • Fiscal year 2017 • EIN 23-2047398

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 09, 2018

53 South Main Street PO Box 197Spring Grove, PA 17362

(717) 225-4548

Siviq Scores

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

Liabilities / Assets

39th percentile

0.86x

Higher debt load relative to assets than 39% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

34.61x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Net Margin

76th percentile

15%

Higher net margin than 76% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$99,929

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Asset Growth

55th percentile

2.7%

Faster asset growth than 55% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

71st percentile

8.8%

Faster revenue growth than 71% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$41,069,837

Up $1,065,440 (+2.7%) from 2016

Net Assets

Up

$5,573,420

Up $155,727 (+2.9%) from 2016

Liabilities

Up

$35,496,417

Up $909,713 (+2.6%) from 2016

Revenue

Up

$1,025,571

Up $82,619 (+8.8%) from 2016

Expenses

Up

$873,450

Up $81,732 (+10%) from 2016

Net Income

Up

$152,121

Up $887 (+0.6%) from 2016

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $34,209,386Liabilities 2010: $29,159,765Net Assets 2010: $5,049,6212010Assets 2011: $35,320,671Liabilities 2011: $30,271,637Net Assets 2011: $5,049,0342011Assets 2012: $36,101,798Liabilities 2012: $31,007,024Net Assets 2012: $5,094,7742012Assets 2013: $35,775,585Liabilities 2013: $30,665,859Net Assets 2013: $5,109,7262013Assets 2014: $37,090,320Liabilities 2014: $31,912,505Net Assets 2014: $5,177,8152014Assets 2015: $38,117,436Liabilities 2015: $32,850,977Net Assets 2015: $5,266,4592015Assets 2016: $40,004,397Liabilities 2016: $34,586,704Net Assets 2016: $5,417,6932016Assets 2017: $41,069,837Liabilities 2017: $35,496,417Net Assets 2017: $5,573,4202017Assets 2018: $41,074,905Liabilities 2018: $35,331,450Net Assets 2018: $5,743,4552018Assets 2019: $42,644,405Liabilities 2019: $36,620,297Net Assets 2019: $6,024,1082019Assets 2020: $47,567,183Liabilities 2020: $41,568,943Net Assets 2020: $5,998,2402020Assets 2021: $51,875,011Liabilities 2021: $45,795,907Net Assets 2021: $6,079,1042021Assets 2022: $53,420,235Liabilities 2022: $47,151,364Net Assets 2022: $6,268,8712022Assets 2023: $50,271,339Liabilities 2023: $43,464,317Net Assets 2023: $6,807,0222023Assets 2024: $50,309,856Liabilities 2024: $42,832,356Net Assets 2024: $7,477,5002024

Highlighted filing

2017

Assets$41,069,837
Liabilities$35,496,417
Net Assets$5,573,420

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,013,4172010Expenses 2011: $1,026,6232011Expenses 2012: $893,4012012Revenue 2013: $874,879Expenses 2013: $859,927Net Income 2013: $14,9522013Revenue 2014: $880,754Expenses 2014: $812,665Net Income 2014: $68,0892014Revenue 2015: $914,978Expenses 2015: $826,334Net Income 2015: $88,6442015Revenue 2016: $942,952Expenses 2016: $791,718Net Income 2016: $151,2342016Revenue 2017: $1,025,571Expenses 2017: $873,450Net Income 2017: $152,1212017Revenue 2018: $1,197,145Expenses 2018: $1,027,110Net Income 2018: $170,0352018Revenue 2019: $1,282,850Expenses 2019: $1,002,197Net Income 2019: $280,6532019Revenue 2020: $1,146,223Expenses 2020: $1,172,091Net Income 2020: -$25,8682020Revenue 2021: $1,034,538Expenses 2021: $953,674Net Income 2021: $80,8642021Revenue 2022: $1,133,746Expenses 2022: $943,979Net Income 2022: $189,7672022Revenue 2023: $1,620,040Expenses 2023: $1,081,889Net Income 2023: $538,1512023Revenue 2024: $2,078,748Expenses 2024: $1,408,270Net Income 2024: $670,4782024

Highlighted filing

2017

Revenue$1,025,571
Expenses$873,450
Net Income$152,121
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 9, 2018
Return Version
2017v2.3
Gross Receipts
$1,025,571
Mission and Program Overview

Mission

Glatco credit union is a not-for-profit financial service cooperative operating for the benefit of the members. We pledge to provide convenient services, while maintaining sound financial practices, upholding the credit union movement, and being involved in our community.

Glatco credit union is a not-for-profit financial service cooperative operating for the benefit of its members. We pledge to provide convenient services, while maintaining sound financial practices, upholding the credit union movement, and being involved in our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$20,774,996$24,212,996▲ $3,438,000
Other Notes and Loans Receivable, Net$9,437,239$8,959,143▼ $478,096
Savings and Temporary Cash Investments$8,299,540$6,275,066▼ $2,024,474
Rtn Earn Endowment Incm Other Fnds$5,417,693$5,573,420▲ $155,727
Cash and Non-Interest-Bearing Accounts$593,550$735,450▲ $141,900
Land, Buildings, and Equipment, Net$376,939$331,893▼ $45,046
Prepaid Expenses and Deferred Charges$137,169$155,295▲ $18,126
Accounts Receivable$57,619$54,953▼ $2,666
Total Assets$40,004,397$41,069,837▲ $1,065,440
Other Assets Total$327,345$345,041▲ $17,696
Liabilities
Other Liabilities$34,558,011$35,463,059▲ $905,048
Accounts Payable and Accrued Expenses$28,693$33,358▲ $4,665
Total Liabilities$34,586,704$35,496,417▲ $909,713
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,417,693$5,573,420▲ $155,727
Total Liabilities and Net Assets / Fund Balance$40,004,397$41,069,837▲ $1,065,440

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$144,174$485,622$629,796
Equipment$98,519$226,811$325,330
Land$89,200-$89,200
Other Securities$15,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William J BowkerCEO/treasureFT$81,750$18,179$99,929

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$631,469
Investment Income
$365,578
Other Revenue
$28,524
Change in Net Assets
$152,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$607,161
Salaries, Compensation, and Employee Benefits$266,289
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$116,641
Interest---$104,573
Current Officers, Directors, Trustees, and Key Employees---$99,929
Fees for Services Other---$87,269
Office Expenses---$61,936
Depreciation Depletion---$52,236
Occupancy---$45,011
Other Employee Benefits---$23,316
Insurance---$20,875
Payroll Taxes---$14,758
Pension Plan Contributions---$11,645
Advertising---$9,663
Fees for Services Accounting---$7,888
Other Expenses---$2,773
Travel---$1,400
Conferences and Meetings---$1,262
Fees for Services Legal---$120
Total Functional Expenses$0$0$0$873,450
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
Shares$22,682,858
Share Drafts$5,189,359
Ira Shares$4,121,282
Share Certificates$3,469,560
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 6

The credit union is owned by its more than 3,500 members

Form 990, Page 6, Part VI, Line 7A

The credit union has a single class of members. Each member has a single vote in the election of members to the credit union's board of directors.

Form 990, Page 6, Part VI, Line 7B

The credit union's members must approve: -the merger of the credit union. -the dissolution or conversion of the credit union. -changes to the credit union's charter, articles and bylaws.

Form 990, Page 6, Part VI, Line 11B

Treasurer/ceo william bowker presents the completed form 990 to the board of directors for review.

Form 990, Page 6, Part VI, Line 12C

The credit union's conflict of interest policy requires that dealings by credit union officials that may be considered a conflict of interest be reported to the board of directors for approval prior to the consumation.

Form 990, Page 6, Part VI, Line 19

The credit union's financial statements are posted in the lobby of the credit union on a monthly basis. Quarterly financial statements (call reports) are available at www.ncua.gov for public inspection. Other governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Glatco Credit Union
EIN
23-2047398
Phone
7172254548
Address
53 SOUTH MAIN STREET PO BOX 197, SPRING GROVE, PA 17362

Signing Officer

Name
William J Bowker
Title
CEO/treasurer
Phone
7172254548
Signed
2018-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William J Bowker
Formed
1977
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
8
Employees
9
Volunteers
8

Preparer

Firm
Rkl Llp
Address
91 CUMBERLAND PARKWAY, MECHANICSBURG, PA 17055-5676
Preparer
Christian P Pasquali CPA
Phone
7177909333
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Glatco credit union is a not-for-profit financial service cooperative operating for the benefit of its members. We pledge to provide convenient services, while maintaining sound financial practices, upholding the credit union movement, and being involved in our community.

Form 990, Page 2, Part III, Line 4D

Provide loans and financial services to more than 3,500 members.

Raw XML Appendix380 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt028693
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt033358
IRS990/AccountsReceivableGrp/BOYAmt057619
IRS990/AccountsReceivableGrp/EOYAmt054953
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0GLATCO CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL SERVICE COOPERATIVE OPERATING FOR THE BENEFIT OF ITS MEMBERS. WE PLEDGE TO PROVIDE CONVENIENT SERVICES, WHILE MAINTAINING SOUND FINANCIAL PRACTICES, UPHOLDING THE CREDIT UNION MOVEMENT, AND BEING INVOLVED IN OUR COMMUNITY.
IRS990/AdvertisingGrp/TotalAmt09663
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0WILLIAM BOWKER
IRS990/BooksInCareOfDetail/PhoneNum07172254548
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt053 SOUTH MAIN STREET PO BOX 197
IRS990/BooksInCareOfDetail/USAddress/CityNm0SPRING GROVE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd017362
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0593550
IRS990/CashNonInterestBearingGrp/EOYAmt0735450
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt099929
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt01262
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0365578
IRS990/CYOtherExpensesAmt0607161
IRS990/CYOtherRevenueAmt028524
IRS990/CYProgramServiceRevenueAmt0631469
IRS990/CYRevenuesLessExpensesAmt0152121
IRS990/CYSalariesCompEmpBnftPaidAmt0266289
IRS990/CYTotalExpensesAmt0873450
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01025571
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt052236
IRS990/Desc0PROVIDE LOANS TO MORE THAN 3,500 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt07888
IRS990/FeesForServicesLegalGrp/TotalAmt0120
IRS990/FeesForServicesOtherGrp/TotalAmt087269
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt018179
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM J BOWKER
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFFREY L STAMBAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm2LARRY L SCHROLL
IRS990/Form990PartVIISectionAGrp/PersonNm3CHERYL BRENNEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4REONA M CASSEL
IRS990/Form990PartVIISectionAGrp/PersonNm5JUSTIN D MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHELLE L MUMMERT
IRS990/Form990PartVIISectionAGrp/PersonNm7SAMUEL T SCHUCHT
IRS990/Form990PartVIISectionAGrp/PersonNm8STEVEN P WIBLE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt081750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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/TitleTxt0CEO/TREASURE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRPE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01977
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01025571
IRS990/GrossRentsGrp/RealAmt015493
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt020875
IRS990/InterestGrp/TotalAmt0104573
IRS990/InvestmentIncomeGrp/ExclusionAmt0365578
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0365578
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt020774996
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt024212996
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0712433
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0376939
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0331893
IRS990/LandBldgEquipCostOrOtherBssAmt01044326
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0GLATCO CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL SERVICE COOPERATIVE OPERATING FOR THE BENEFIT OF ITS MEMBERS. WE PLEDGE TO PROVIDE CONVENIENT SERVICES, WHILE MAINTAINING SOUND FINANCIAL PRACTICES, UPHOLDING THE CREDIT UNION MOVEMENT, AND BEING INVOLVED IN OUR COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05417693
IRS990/NetAssetsOrFundBalancesEOYAmt05573420
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt015493
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt015493
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt045011
IRS990/OfficeExpensesGrp/TotalAmt061936
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0327345
IRS990/OtherAssetsTotalGrp/EOYAmt0345041
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023316
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/TotalAmt0202060
IRS990/OtherExpensesGrp/TotalAmt110095
IRS990/OtherExpensesGrp/TotalAmt22773
IRS990/OtherLiabilitiesGrp/BOYAmt034558011
IRS990/OtherLiabilitiesGrp/EOYAmt035463059
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt013031
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013031
IRS990/OtherRevenueTotalAmt013031
IRS990/OtherSalariesAndWagesGrp/TotalAmt0116641
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09437239
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08959143
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt014758
IRS990/PensionPlanContributionsGrp/TotalAmt011645
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0137169
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0155295
IRS990/PrincipalOfficerNm0WILLIAM J BOWKER
IRS990/PriorPeriodAdjustmentsAmt03606
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1VISA INTERCHANGE
IRS990/ProgramServiceRevenueGrp/Desc2FEES AND CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0501685
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1106760
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223024
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0501685
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1106760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt223024
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE FINANCIAL SERVICES TO MORE THAN 3,500 MEMBERS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDE LOANS AND FINANCIAL SERVICES TO MORE THAN 3,500 MEMBERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0272386
IRS990/PYOtherExpensesAmt0552270
IRS990/PYOtherRevenueAmt029330
IRS990/PYProgramServiceRevenueAmt0641236
IRS990/PYRevenuesLessExpensesAmt0151234
IRS990/PYSalariesCompEmpBnftPaidAmt0239448
IRS990/PYTotalExpensesAmt0791718
IRS990/PYTotalRevenueAmt0942952
IRS990/ReconcilationRevenueExpnssAmt0152121
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt015493
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05417693
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05573420
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08299540
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06275066
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0144174
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0485622
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0629796
IRS990ScheduleD/EquipmentGrp/BookValueAmt098519
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0226811
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0325330
IRS990ScheduleD/LandGrp/BookValueAmt089200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt089200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022682858
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15189359
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24121282
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33469560
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2IRA SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt024053000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1144996
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt215000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORP CREDIT UNION PERPETUAL CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PA CU SERVICE CENTER STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0331893
IRS990ScheduleD/TotalBookValueSecuritiesAmt024212996
IRS990ScheduleD/TotalLiabilityAmt035463059
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GLATCO CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL SERVICE COOPERATIVE OPERATING FOR THE BENEFIT OF ITS MEMBERS. WE PLEDGE TO PROVIDE CONVENIENT SERVICES, WHILE MAINTAINING SOUND FINANCIAL PRACTICES, UPHOLDING THE CREDIT UNION MOVEMENT, AND BEING INVOLVED IN OUR COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROVIDE LOANS AND FINANCIAL SERVICES TO MORE THAN 3,500 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS OWNED BY ITS MORE THAN 3,500 MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS. EACH MEMBER HAS A SINGLE VOTE IN THE ELECTION OF MEMBERS TO THE CREDIT UNION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION'S MEMBERS MUST APPROVE: -THE MERGER OF THE CREDIT UNION. -THE DISSOLUTION OR CONVERSION OF THE CREDIT UNION. -CHANGES TO THE CREDIT UNION'S CHARTER, ARTICLES AND BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TREASURER/CEO WILLIAM BOWKER PRESENTS THE COMPLETED FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION'S CONFLICT OF INTEREST POLICY REQUIRES THAT DEALINGS BY CREDIT UNION OFFICIALS THAT MAY BE CONSIDERED A CONFLICT OF INTEREST BE REPORTED TO THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO THE CONSUMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION ON A MONTHLY BASIS. QUARTERLY FINANCIAL STATEMENTS (CALL REPORTS) ARE AVAILABLE AT WWW.NCUA.GOV FOR PUBLIC INSPECTION. OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt040004397
IRS990/TotalAssetsEOYAmt041069837
IRS990/TotalAssetsGrp/BOYAmt040004397
IRS990/TotalAssetsGrp/EOYAmt041069837
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0873450
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt034586704
IRS990/TotalLiabilitiesEOYAmt035496417
IRS990/TotalLiabilitiesGrp/BOYAmt034586704
IRS990/TotalLiabilitiesGrp/EOYAmt035496417
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05417693
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05573420
IRS990/TotalOtherCompensationAmt018179
IRS990/TotalProgramServiceRevenueAmt0631469
IRS990/TotalReportableCompFromOrgAmt081750
IRS990/TotalRevenueGrp/ExclusionAmt0381071
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0644500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01025571
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt040004397
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt041069837
IRS990/TravelGrp/TotalAmt01400
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt053 SOUTH MAIN STREET PO BOX 197
IRS990/USAddress/CityNm0SPRING GROVE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017362
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.GLATCOCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM J BOWKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07172254548
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLATCO CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0GLAT
ReturnHeader/Filer/EIN0232047398
ReturnHeader/Filer/PhoneNum07172254548
ReturnHeader/Filer/USAddress/AddressLine1Txt053 SOUTH MAIN STREET PO BOX 197
ReturnHeader/Filer/USAddress/CityNm0SPRING GROVE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd017362
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F30BD2F1A62B9E1679AEEA56B6A19A98CE6A622E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F30BD2F1A62B9E1679AEEA56B6A19A98CE6A622E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.202.190.94
ReturnHeader/FilingSecurityInformation/IPDt02018-10-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm006:47:26
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232108173
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RKL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt091 CUMBERLAND PARKWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MECHANICSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0170555676
ReturnHeader/PreparerPersonGrp/PhoneNum07177909333
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTIAN P PASQUALI CPA
ReturnHeader/ReturnTs02018-10-15T07:47:26-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.3$42.8$7.48$2.08$1.41$0.67
2023Detailed filing. Detailed filing data is available for this year.$50.3$43.5$6.81$1.62$1.08$0.54
2022Detailed filing. Detailed filing data is available for this year.$53.4$47.2$6.27$1.13$0.94$0.19
2021Detailed filing. Detailed filing data is available for this year.$51.9$45.8$6.08$1.03$0.95$0.08
2020Detailed filing. Detailed filing data is available for this year.$47.6$41.6$6.00$1.15$1.17$0.03
2019Detailed filing. Detailed filing data is available for this year.$42.6$36.6$6.02$1.28$1.00$0.28
2018Detailed filing. Detailed filing data is available for this year.$41.1$35.3$5.74$1.20$1.03$0.17
2017Detailed filing. Detailed filing data is available for this year.$41.1$35.5$5.57$1.03$0.87$0.15
2016Detailed filing. Detailed filing data is available for this year.$40.0$34.6$5.42$0.94$0.79$0.15
2015Detailed filing. Detailed filing data is available for this year.$38.1$32.9$5.27$0.91$0.83$0.09
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.1$31.9$5.18$0.88$0.81$0.07
2013Detailed filing. Detailed filing data is available for this year.$35.8$30.7$5.11$0.87$0.86$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.1$31.0$5.09$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.3$30.3$5.05$1.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.2$29.2$5.05$1.01