Civic Intelligence

1St Ed Credit Union

990 • Fiscal year 2017 • EIN 23-6274650

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 26, 2018

1156 Kennebec DriveChambersburg, PA 17201

(717) 264-6506

Siviq Scores

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

Liabilities / Assets

20th percentile

0.86x

Higher debt load relative to assets than 20% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

28.84x

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

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

93rd percentile

25%

Higher net margin than 93% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

4th percentile

$99,498

Higher top officer pay than 4% of similar nonprofits.

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

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

3rd percentile

-2.5%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

6.2%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Down

$118,563,673

Down $3,024,610 (-2.5%) from 2016

Net Assets

Up

$17,175,215

Up $645,569 (+3.9%) from 2016

Liabilities

Down

$101,388,458

Down $3,670,179 (-3.5%) from 2016

Revenue

Up

$3,515,411

Up $205,409 (+6.2%) from 2016

Expenses

Down

$2,626,317

Down $158,070 (-5.7%) from 2016

Net Income

Up

$889,094

Up $363,479 (+69%) from 2016

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $127,339,707Liabilities 2011: $112,930,205Net Assets 2011: $14,409,5022011Assets 2012: $130,612,589Liabilities 2012: $115,726,667Net Assets 2012: $14,885,9222012Assets 2014: $126,902,996Liabilities 2014: $111,556,561Net Assets 2014: $15,346,4352014Assets 2015: $125,344,237Liabilities 2015: $109,408,282Net Assets 2015: $15,935,9552015Assets 2016: $121,588,283Liabilities 2016: $105,058,637Net Assets 2016: $16,529,6462016Assets 2017: $118,563,673Liabilities 2017: $101,388,458Net Assets 2017: $17,175,2152017Assets 2018: $115,913,743Liabilities 2018: $98,340,686Net Assets 2018: $17,573,0572018Assets 2019: $116,889,166Liabilities 2019: $97,537,932Net Assets 2019: $19,351,2342019Assets 2020: $127,018,767Liabilities 2020: $106,936,002Net Assets 2020: $20,082,7652020Assets 2021: $134,760,811Liabilities 2021: $115,608,912Net Assets 2021: $19,151,8992021Assets 2024: $138,301,818Liabilities 2024: $120,824,520Net Assets 2024: $17,477,2982024

Highlighted filing

2017

Assets$118,563,673
Liabilities$101,388,458
Net Assets$17,175,215

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2011: $3,492,6162011Expenses 2012: $2,934,0632012Revenue 2014: $3,250,179Expenses 2014: $2,727,667Net Income 2014: $522,5122014Revenue 2015: $3,213,997Expenses 2015: $2,653,695Net Income 2015: $560,3022015Revenue 2016: $3,310,002Expenses 2016: $2,784,387Net Income 2016: $525,6152016Revenue 2017: $3,515,411Expenses 2017: $2,626,317Net Income 2017: $889,0942017Revenue 2018: $3,854,928Expenses 2018: $2,929,001Net Income 2018: $925,9272018Revenue 2019: $4,063,791Expenses 2019: $3,469,904Net Income 2019: $593,8872019Revenue 2020: $3,830,608Expenses 2020: $3,543,272Net Income 2020: $287,3362020Revenue 2021: $3,611,021Expenses 2021: $3,266,232Net Income 2021: $344,7892021Revenue 2024: $5,536,855Expenses 2024: $5,221,574Net Income 2024: $315,2812024

Highlighted filing

2017

Revenue$3,515,411
Expenses$2,626,317
Net Income$889,094
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 26, 2018
Return Version
2017v2.3
Gross Receipts
$3,864,212
Mission and Program Overview

Mission

1st ed credit union is a member-owned financial institution, serving school emplopyees and their families in adams, cumberland, franklin, fulton and york counties. Our purpose is to provide members with quality and diverse services, as well as personal attention to their financial needs. We strive for continued growth while maintaining financial stability.

Credit unions are cooperative savings and credit associations incorporated under act no. 260 of may 26, 1993 or act no. 283 of september 20, 1961, for the purpose of promoting thrift amoung its members, creating a source of credit for such members at reasonable rates of interest and providing an opportunity for its members to use and control their own money on a democratic basis in order to improve their ecomonic and social conditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$62,638,658$59,955,291▼ $2,683,367
Other Notes and Loans Receivable, Net$50,789,708$50,983,721▲ $194,013
Rtn Earn Endowment Incm Other Fnds$15,105,266$15,750,835▲ $645,569
Savings and Temporary Cash Investments$4,678,558$4,132,803▼ $545,755
Land, Buildings, and Equipment, Net$1,311,128$1,625,923▲ $314,795
Cap Stk Tr Prin Current Funds$1,424,380$1,424,380→ $0
Prepaid Expenses and Deferred Charges$158,805$260,763▲ $101,958
Cash and Non-Interest-Bearing Accounts$262,924$248,615▼ $14,309
Accounts Receivable$54,541$52,056▼ $2,485
Total Assets$121,588,283$118,563,673▼ $3,024,610
Other Assets Total$1,693,961$1,304,501▼ $389,460
Liabilities
Accounts Payable and Accrued Expenses$104,679,217$100,859,037▼ $3,820,180
Other Liabilities$379,420$529,421▲ $150,001
Total Liabilities$105,058,637$101,388,458▼ $3,670,179
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,529,646$17,175,215▲ $645,569
Total Liabilities and Net Assets / Fund Balance$121,588,283$118,563,673▼ $3,024,610

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,076,210$419,519$1,495,729
Equipment$389,084$253,273$642,357
Land$148,729-$148,729
Leasehold Improvements$11,900-$11,900
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kelly ChildressCEOFT$99,498$99,498
Kelly DaughertyVP of OperatFT$73,000$73,000

Board Members and Trustees

NameTitle
Roy JohnstonPresident
Andrew NelsonBoard Member
Brian CampbellBoard Member
Dixie ParuchBoard Member
Larry BresnahanBoard Member
Deborah WestoverVP of Board
Alan EstesSecretary/tr
Carolyn FaithSupervisory
John SouthwoodSupervisory
Mary McgoughSupervisory
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,023,040
Investment Income
$937,321
Other Revenue
$555,050
Change in Net Assets
$889,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,510,400
Salaries, Compensation, and Employee Benefits$1,115,917
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$686,968
Interest---$289,917
Information Technology---$271,631
Current Officers, Directors, Trustees, and Key Employees---$172,498
Other Employee Benefits---$154,397
Depreciation Depletion---$129,826
Advertising---$118,449
All Other Expenses---$84,400
Payroll Taxes---$63,336
Fees for Services Accounting---$49,382
Occupancy---$47,409
Other Expenses---$46,524
Insurance---$44,062
Pension Plan Contributions---$38,718
Travel---$31,547
Office Expenses---$17,162
Fees for Services Legal---$5,999
Conferences and Meetings---$908
Total Functional Expenses$0$0$0$2,626,317
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
Miscellaneous Accounts Payable$236,942
Outstanding Checks$189,365
Accrued Expenses$104,428
Payroll Taxes Payable$-1,314
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
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, Page 6, Part VI, Line 6

The membership of 1st ed credit union is limited to employees and students of the school districts in the counties of franklin, fulton, adams and cumberland (except west shore, camp hill, east pennsboro, mechanicsburg, and cumberland valley); lincoln intermediate unit 12 employees employed and students attending in adams, franklin, and york counties; teachers employed by the commonwealth of pennsylvania in those counties; associations of such members; employees of the credit union; other occupational and associational groups as provided by law and with the prior written approval of the department of banking; and members of their immediate families.

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

The organization's members have the ability to elect members of the governing body at the organization's annual meeting.

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

The organization's members have the ability to vote on any changes made to the organization's bylaws and articles of incorporation at the annual meeting or special meeting called by the board of directors.

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

The form 990 is reviewed by the ceo and the accounting manager before being passed on to the governing board. The governing body then reviews the form 990 before the form is filed.

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

The credit union's board members are required to abstain from voting whenever a conflict of interest could arise.

Form 990, Page 6, Part VI, Line 15A

The organization's top management offical's compensation is determined using a survey of industry standards, guided by asset size and number of full time employees.

Form 990, Page 6, Part VI, Line 15B

The employee's senior manager determines compensation using a survey of industry standards and the governing body then approves the recommended compensation.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. The organization's form 990 is also available to the public through www.guidestar.org.

Filing and Contact Details

Filer

Filer Name
1st Ed Credit Union
EIN
23-6274650
Phone
7172646506
Address
1156 KENNEBEC DRIVE, CHAMBERSBURG, PA 17201

Signing Officer

Name
Kelly Childress
Title
CEO
Phone
7172646506
Signed
2018-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Childress
Formed
1933
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
21
Volunteers
10

Preparer

Firm
Smith Elliott Kearns & Company LLC
Address
804 WAYNE AVE, CHAMBERSBURG, PA 17201-3810
Preparer
Luke C Martin CPA
Phone
7172633910
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

1st ed credit union is a member-owned financial institution, serving school employees and their families in adams, cumberland, franklin, fulton and york counties. Our purpose is to provide members with quality and diverse services, as well as personal attention to their financial needs. We strive for continued growth while maintaining financial stability.

Raw XML AppendixShowing 400 of 404 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/BOYAmt0104679217
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0100859037
IRS990/AccountsReceivableGrp/BOYAmt054541
IRS990/AccountsReceivableGrp/EOYAmt052056
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0CREDIT UNIONS ARE COOPERATIVE SAVINGS AND CREDIT ASSOCIATIONS INCORPORATED UNDER ACT NO. 260 OF MAY 26, 1993 OR ACT NO. 283 OF SEPTEMBER 20, 1961, FOR THE PURPOSE OF PROMOTING THRIFT AMOUNG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR SUCH MEMBERS AT REASONABLE RATES OF INTEREST AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECOMONIC AND SOCIAL CONDITIONS.
IRS990/AdvertisingGrp/TotalAmt0118449
IRS990/AllOtherExpensesGrp/TotalAmt084400
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KELLY CHILDRESS
IRS990/BooksInCareOfDetail/PhoneNum07172646506
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01156 KENNEBEC DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHAMBERSBURG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd017201
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt01424380
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt01424380
IRS990/CashNonInterestBearingGrp/BOYAmt0262924
IRS990/CashNonInterestBearingGrp/EOYAmt0248615
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0172498
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt0908
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0937321
IRS990/CYOtherExpensesAmt01510400
IRS990/CYOtherRevenueAmt0555050
IRS990/CYProgramServiceRevenueAmt02023040
IRS990/CYRevenuesLessExpensesAmt0889094
IRS990/CYSalariesCompEmpBnftPaidAmt01115917
IRS990/CYTotalExpensesAmt02626317
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03515411
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0129826
IRS990/Desc01ST ED CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION, SERVING SCHOOL EMPLOYEES AND THEIR FAMILIES IN ADAMS, CUMBERLAND, FRANKLIN, FULTON, AND YORK COUNTIES. OUR PURPOSE IS TO PROVIDE MEMBERS WITH QUALITY AND DIVERSE SERVICES, AS WELL AS PERSONAL ATTENTION TO THEIR FINANCIAL NEEDS. WE STRIVE FOR CONTINUED GROWTH WHILE MAINTAINING FINANCIAL STABILITY.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt021
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt02626317
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt049382
IRS990/FeesForServicesLegalGrp/TotalAmt05999
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.50
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/AverageHoursPerWeekRt71.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
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/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0ROY JOHNSTON
IRS990/Form990PartVIISectionAGrp/PersonNm1DEBORAH WESTOVER
IRS990/Form990PartVIISectionAGrp/PersonNm2ALAN ESTES
IRS990/Form990PartVIISectionAGrp/PersonNm3DIXIE PARUCH
IRS990/Form990PartVIISectionAGrp/PersonNm4ANDREW NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm5BRIAN CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm6LARRY BRESNAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm7CAROLYN FAITH
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN SOUTHWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm9MARY MCGOUGH
IRS990/Form990PartVIISectionAGrp/PersonNm10KELLY CHILDRESS
IRS990/Form990PartVIISectionAGrp/PersonNm11KELLY DAUGHERTY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1099498
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1173000
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP OF BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SUPERVISORY
IRS990/Form990PartVIISectionAGrp/TitleTxt8SUPERVISORY
IRS990/Form990PartVIISectionAGrp/TitleTxt9SUPERVISORY
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP OF OPERAT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01933
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-2755
IRS990/GainOrLossGrp/SecuritiesAmt0320
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt06198
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0340168
IRS990/GrossReceiptsAmt03864212
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0271631
IRS990/InsuranceGrp/TotalAmt044062
IRS990/InterestGrp/TotalAmt0289917
IRS990/InvestmentIncomeGrp/ExclusionAmt0939756
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0939756
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt062638658
IRS990/InvestmentsPubTradedSecGrp/EOYAmt059955291
IRS990/IRPDocumentCnt02409
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0672792
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01311128
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01625923
IRS990/LandBldgEquipCostOrOtherBssAmt02298715
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt08953
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0339848
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc01ST ED CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION, SERVING SCHOOL EMPLOYEES AND THEIR FAMILIES IN ADAMS, CUMBERLAND, FRANKLIN, FULTON AND YORK COUNTIES. OUR PURPOSE IS TO PROVIDE MEMBERS WITH QUALITY AND DIVERSE SERVICES, AS WELL AS PERSONAL ATTENTION TO THEIR FINANCIAL NEEDS. WE STRIVE FOR CONTINUED GROWTH WHILE MAINTAINING FINANCIAL STABILITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt016529646
IRS990/NetAssetsOrFundBalancesEOYAmt017175215
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-2435
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2435
IRS990/NetUnrlzdGainsLossesInvstAmt0-243525
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt047409
IRS990/OfficeExpensesGrp/TotalAmt017162
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01693961
IRS990/OtherAssetsTotalGrp/EOYAmt01304501
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0154397
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1INTERCHANGE EXPENSES
IRS990/OtherExpensesGrp/Desc2PROCESSING EXPENSES
IRS990/OtherExpensesGrp/Desc3OFFICE OPERATIONS
IRS990/OtherExpensesGrp/TotalAmt0173487
IRS990/OtherExpensesGrp/TotalAmt1145934
IRS990/OtherExpensesGrp/TotalAmt253763
IRS990/OtherExpensesGrp/TotalAmt346524
IRS990/OtherLiabilitiesGrp/BOYAmt0379420
IRS990/OtherLiabilitiesGrp/EOYAmt0529421
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0FEES ON CREDIT CARDS
IRS990/OtherRevenueMiscGrp/Desc1FEES AND CHARGES ON PRODUCTS
IRS990/OtherRevenueMiscGrp/Desc2OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0239305
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1202077
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2113668
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0239305
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1202077
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2113668
IRS990/OtherRevenueTotalAmt0555050
IRS990/OtherSalariesAndWagesGrp/TotalAmt0686968
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt050789708
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt050983721
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt063336
IRS990/PensionPlanContributionsGrp/TotalAmt038718
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0158805
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0260763
IRS990/PrincipalOfficerNm0KELLY CHILDRESS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02023040
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02023040
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0861339
IRS990/PYOtherExpensesAmt01712275
IRS990/PYOtherRevenueAmt0490648
IRS990/PYProgramServiceRevenueAmt01958015
IRS990/PYRevenuesLessExpensesAmt0525615
IRS990/PYSalariesCompEmpBnftPaidAmt01072112
IRS990/PYTotalExpensesAmt02784387
IRS990/PYTotalRevenueAmt03310002
IRS990/ReconcilationRevenueExpnssAmt0889094
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02023040
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt015105266
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt015750835
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04678558
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04132803
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01076210
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0419519
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01495729
IRS990ScheduleD/EquipmentGrp/BookValueAmt0389084
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0253273
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0642357
IRS990ScheduleD/LandGrp/BookValueAmt0148729
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0148729
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011900
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0236942
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1189365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2104428
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3-1314
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MISCELLANEOUS ACCOUNTS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OUTSTANDING CHECKS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01625923
IRS990ScheduleD/TotalLiabilityAmt0529421
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01ST ED CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION, SERVING SCHOOL EMPLOYEES AND THEIR FAMILIES IN ADAMS, CUMBERLAND, FRANKLIN, FULTON AND YORK COUNTIES. OUR PURPOSE IS TO PROVIDE MEMBERS WITH QUALITY AND DIVERSE SERVICES, AS WELL AS PERSONAL ATTENTION TO THEIR FINANCIAL NEEDS. WE STRIVE FOR CONTINUED GROWTH WHILE MAINTAINING FINANCIAL STABILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP OF 1ST ED CREDIT UNION IS LIMITED TO EMPLOYEES AND STUDENTS OF THE SCHOOL DISTRICTS IN THE COUNTIES OF FRANKLIN, FULTON, ADAMS AND CUMBERLAND (EXCEPT WEST SHORE, CAMP HILL, EAST PENNSBORO, MECHANICSBURG, AND CUMBERLAND VALLEY); LINCOLN INTERMEDIATE UNIT 12 EMPLOYEES EMPLOYED AND STUDENTS ATTENDING IN ADAMS, FRANKLIN, AND YORK COUNTIES; TEACHERS EMPLOYED BY THE COMMONWEALTH OF PENNSYLVANIA IN THOSE COUNTIES; ASSOCIATIONS OF SUCH MEMBERS; EMPLOYEES OF THE CREDIT UNION; OTHER OCCUPATIONAL AND ASSOCIATIONAL GROUPS AS PROVIDED BY LAW AND WITH THE PRIOR WRITTEN APPROVAL OF THE DEPARTMENT OF BANKING; AND MEMBERS OF THEIR IMMEDIATE FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S MEMBERS HAVE THE ABILITY TO ELECT MEMBERS OF THE GOVERNING BODY AT THE ORGANIZATION'S ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S MEMBERS HAVE THE ABILITY TO VOTE ON ANY CHANGES MADE TO THE ORGANIZATION'S BYLAWS AND ARTICLES OF INCORPORATION AT THE ANNUAL MEETING OR SPECIAL MEETING CALLED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS REVIEWED BY THE CEO AND THE ACCOUNTING MANAGER BEFORE BEING PASSED ON TO THE GOVERNING BOARD. THE GOVERNING BODY THEN REVIEWS THE FORM 990 BEFORE THE FORM IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION'S BOARD MEMBERS ARE REQUIRED TO ABSTAIN FROM VOTING WHENEVER A CONFLICT OF INTEREST COULD ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S TOP MANAGEMENT OFFICAL'S COMPENSATION IS DETERMINED USING A SURVEY OF INDUSTRY STANDARDS, GUIDED BY ASSET SIZE AND NUMBER OF FULL TIME EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE EMPLOYEE'S SENIOR MANAGER DETERMINES COMPENSATION USING A SURVEY OF INDUSTRY STANDARDS AND THE GOVERNING BODY THEN APPROVES THE RECOMMENDED COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0121588283
IRS990/TotalAssetsEOYAmt0118563673
IRS990/TotalAssetsGrp/BOYAmt0121588283
IRS990/TotalAssetsGrp/EOYAmt0118563673
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02626317
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0105058637
IRS990/TotalLiabilitiesEOYAmt0101388458
IRS990/TotalLiabilitiesGrp/BOYAmt0105058637
IRS990/TotalLiabilitiesGrp/EOYAmt0101388458
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016529646
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017175215
IRS990/TotalProgramServiceExpensesAmt02626317
IRS990/TotalProgramServiceRevenueAmt02023040
IRS990/TotalReportableCompFromOrgAmt0172498
IRS990/TotalRevenueGrp/ExclusionAmt0937321
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02578090
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03515411
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0121588283
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0118563673
IRS990/TravelGrp/TotalAmt031547
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01156 KENNEBEC DR
IRS990/USAddress/CityNm0CHAMBERSBURG
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017201
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.1EDCU.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY CHILDRESS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07172646506
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt01ST ED CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt01STE
ReturnHeader/Filer/EIN0236274650
ReturnHeader/Filer/PhoneNum07172646506
ReturnHeader/Filer/USAddress/AddressLine1Txt01156 KENNEBEC DRIVE
ReturnHeader/Filer/USAddress/CityNm0CHAMBERSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd017201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06CBB79C053B248571C9CF37C921E5AD012119690
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0081E2B4EA748E9805374A5A2B93D29B44116E905
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.5.118.50
ReturnHeader/FilingSecurityInformation/IPDt02018-05-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:38:07
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0520783935
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH ELLIOTT KEARNS & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0804 WAYNE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHAMBERSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0172013810
ReturnHeader/PreparerPersonGrp/PhoneNum07172633910
ReturnHeader/PreparerPersonGrp/PreparationDt02018-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LUKE C MARTIN CPA
ReturnHeader/ReturnTs02018-05-02T11:38:07-04:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings