Civic Intelligence

Members Choice Financial Credit Union

990 • Fiscal year 2019 • EIN 24-0823199

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

Organization ProfileWWW.MCFCU.ORG

View Organization Page

390 Walnut StreetDanville, PA 17821

(570) 275-6155

Siviq Scores

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

Liabilities / Assets

79th percentile

0.91x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

17.58x

Higher debt load relative to revenue than 62% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Net Margin

79th percentile

20%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

53rd percentile

$220,148

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Asset Growth

41st percentile

3.4%

Faster asset growth than 41% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$156,984,854

Up $5,112,296 (+3.4%) from 2018

Net Assets

Up

$14,646,606

Up $1,979,692 (+16%) from 2018

Liabilities

Up

$142,338,248

Up $3,132,604 (+2.3%) from 2018

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin79th percentile

Revenue

Up

$8,094,858

Up $797,521 (+11%) from 2018

Expenses

Up

$6,489,731

Up $85,847 (+1.3%) from 2018

Net Income

Up

$1,605,127

Up $711,674 (+80%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$200M$150M$100M$50M$0Assets 2015: $128,958,814Liabilities 2015: $117,596,730Net Assets 2015: $11,362,0842015Assets 2016: $142,126,555Liabilities 2016: $130,616,305Net Assets 2016: $11,510,2502016Assets 2017: $145,803,137Liabilities 2017: $133,786,930Net Assets 2017: $12,016,2072017Assets 2018: $151,872,558Liabilities 2018: $139,205,644Net Assets 2018: $12,666,9142018Assets 2019: $156,984,854Liabilities 2019: $142,338,248Net Assets 2019: $14,646,6062019Assets 2020: $183,106,209Liabilities 2020: $166,725,625Net Assets 2020: $16,380,5842020

Highlighted filing

2019

Assets$156,984,854
Liabilities$142,338,248
Net Assets$14,646,606
Open 2019 Filing

Operations Trend

Revenue Growth67th percentile

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

$10M$5.0M$0Revenue 2015: $5,496,271Expenses 2015: $5,020,491Net Income 2015: $475,7802015Revenue 2016: $5,936,355Expenses 2016: $5,807,381Net Income 2016: $128,9742016Revenue 2017: $6,475,220Expenses 2017: $5,974,166Net Income 2017: $501,0542017Revenue 2018: $7,297,337Expenses 2018: $6,403,884Net Income 2018: $893,4532018Revenue 2019: $8,094,858Expenses 2019: $6,489,731Net Income 2019: $1,605,1272019Revenue 2020: $7,482,196Expenses 2020: $6,250,676Net Income 2020: $1,231,5202020

Highlighted filing

2019

Revenue$8,094,858
Expenses$6,489,731
Net Income$1,605,127
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.1
Gross Receipts
$8,450,868
Mission and Program Overview

Mission

Our credit union is a member owned not for profit financial cooperative with the mission of promoting thrift and providing access to credit. Specifically we have underserved designations within our charter to extend our services to the underbanked.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$121,154,424$113,114,255▼ $8,040,169
Investments in Publicly Traded Securities$18,074,333$20,779,312▲ $2,704,979
Savings and Temporary Cash Investments$3,546,817$14,738,168▲ $11,191,351
Rtn Earn Endowment Incm Other Fnds$12,666,914$14,646,606▲ $1,979,692
Land, Buildings, and Equipment, Net$3,908,982$3,714,046▼ $194,936
Cash and Non-Interest-Bearing Accounts$1,364,780$902,093▼ $462,687
Accounts Receivable$396,555$415,639▲ $19,084
Prepaid Expenses and Deferred Charges$128,694$188,235▲ $59,541
Investments Other Securities$96,100$60,600▼ $35,500
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$151,872,558$156,984,854▲ $5,112,296
Other Assets Total$3,201,873$3,072,506▼ $129,367
Liabilities
Other Liabilities$137,852,858$140,977,994▲ $3,125,136
Accounts Payable and Accrued Expenses$1,352,786$1,360,254▲ $7,468
Total Liabilities$139,205,644$142,338,248▲ $3,132,604
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,666,914$14,646,606▲ $1,979,692
Total Liabilities and Net Assets / Fund Balance$151,872,558$156,984,854▲ $5,112,296

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,081,387$1,056,912$3,138,299
Equipment$402,284$1,686,165$2,088,449
Land$742,986-$742,986
Leasehold Improvements$349,608$245,150$594,758
Other Land Buildings$137,781$132,341$270,122
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James M BarbarichCEOFT$189,124$31,024$220,148
Jean D MillerCFOFT$87,684$33,085$120,769
Brian W WiktorCLOFT$80,089$17,994$98,083
Elba ArenasChief Member Experience OfficerFT$76,103$3,876$79,979

Board Members and Trustees

NameTitle
Mary FasanoBoard Chairperson
Matthew HoegerBoard Vice-chair/treasurer
Dan AngelBoard Member
Lindsey MarolfBoard Member
Richard KnouseBoard Member
Christine HaririanBoard Secretary
Douglas BastianTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,341,763
Investment Income
$608,861
Other Revenue
$144,234
Change in Net Assets
$1,605,127

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,094,858
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$381,267
Total Revenue per Audited Statements
$8,476,125
Total Revenue per Form 990
$8,094,858
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,082,372
Salaries, Compensation, and Employee Benefits$2,407,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,325,069
Interest---$991,477
Office Expenses---$917,871
Current Officers, Directors, Trustees, and Key Employees---$518,728
Information Technology---$433,744
Depreciation Depletion---$275,355
Other Employee Benefits---$238,657
Occupancy---$192,669
Pension Plan Contributions---$176,470
Payroll Taxes---$148,435
Advertising---$115,384
Travel---$48,548
Fees for Services Accounting---$48,000
Insurance---$38,171
Fees for Services Other---$37,676
Fees for Services Legal---$35,146
Conferences and Meetings---$9,951
Other Expenses---$9,775
Total Functional Expenses$0$0$0$6,489,731

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,489,731
Total Expenses per Audited Statements$6,489,731
Total Expenses per Form 990$6,489,731
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Regular Shares$51,709,993
Certificates$40,030,802
Share Drafts$25,270,476
Money Market Shares$18,864,766
Ira$3,085,461
Health Savings Accounts$1,761,606
Club Shares$254,890
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union is owned by its 13,549 members. Membership is open to anyone who lives, works, or worships in bloomsburg, berwick, mount carmel,or mahoning township in danville, pa or the union county underserved.”

Form 990, Part VI, Section A, Line 7A

“The credit union has a single class of members each of whom has a single vote in the election of members to the credit union's board of directors.”

Form 990, Part VI, Section A, Line 7B

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

Form 990, Part VI, Section B, Line 11B

“The credit union management team reviews the return prior to submission.”

Form 990, Part VI, Section B, Line 12C

“The credit union annually reviews conflict of interest disclosure to ensure compliance with the policy.”

Form 990, Part VI, Section B, Line 15

“The ceo, executive director, and top management official receive performance reviews and achievements are documented. Compensation is determined by market rate analysis for market levels, performance, tenure, responsibilities and education are all factored into salary of each position. Approved by the compensation committee of the board and then the full board. An annual performance review is conducted. This is presented to the employee where they are encouraged to comment. All jobs are rated and given a grade. Based on the grade we establish a market range. Performance, tenure in job, education requirements for the job, and accomplishments are factored together to determine the salary paid. These numbers are subject to budget approval.”

Form 990, Part VI, Section C, Line 19

“Financial statements are available upon request and call reports containing financial information are posted on ncua.gov. Governing documents and conflict of interest policies are available upon request.”

Filing and Contact Details

Filer

Filer Name
Members Choice Financial
EIN
24-0823199
Phone
5702756155
Address
390 WALNUT STREET, DANVILLE, PA 17821

Signing Officer

Name
James M Barbarich
Title
CEO
Phone
5702756155
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James M Barbarich
Formed
1954
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
59
Volunteers
10

Preparer

Firm
Rkl Llp
Address
1330 BROADCASTING ROAD PO BOX 7008, WYOMISSING, PA 19610-6008
Preparer
Ruthann J Woll CPA
Phone
6103761595
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Decrease in undivided earnings -6,702.”

Form XII, Line 2C

“There was no change from prior year.”

Raw XML AppendixShowing 400 of 466 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.

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IRS990/OtherChangesInNetAssetsAmt0-6702
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0238657
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc3ATM OPERATIONS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0429140
IRS990/OtherExpensesGrp/TotalAmt1358259
IRS990/OtherExpensesGrp/TotalAmt2141206
IRS990/OtherExpensesGrp/TotalAmt39775
IRS990/OtherLiabilitiesGrp/BOYAmt0137852858
IRS990/OtherLiabilitiesGrp/EOYAmt0140977994
IRS990/OtherRevenueMiscGrp/BusinessCd0522298
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt030104
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030104
IRS990/OtherRevenueTotalAmt030104
IRS990/OtherSalariesAndWagesGrp/TotalAmt01325069
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0121154424
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0113114255
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0148435
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0176470
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0128694
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0188235
IRS990/PrincipalOfficerNm0JAMES M BARBARICH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522298
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEES AND CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2ELECTRONIC CARD SERVIC
IRS990/ProgramServiceRevenueGrp/Desc3NON-MEMBER ATM SURCHAR
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05934439
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11170196
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2227621
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05934439
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11170196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2227621
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt39507
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt09507
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROVIDE LOW INTEREST LOANS AND FINANCIAL PRODUCTS TO MEMBERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0456059
IRS990/PYOtherExpensesAmt04003209
IRS990/PYOtherRevenueAmt0149581
IRS990/PYProgramServiceRevenueAmt06691697
IRS990/PYRevenuesLessExpensesAmt0893453
IRS990/PYSalariesCompEmpBnftPaidAmt02400675
IRS990/PYTotalExpensesAmt06403884
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07297337
IRS990/ReconcilationRevenueExpnssAmt01605127
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0100000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt014130
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt014130
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012666914
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014646606
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03546817
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014738168
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02081387
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01056912
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03138299
IRS990ScheduleD/EquipmentGrp/BookValueAmt0402284
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01686165
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02088449
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06489731
IRS990ScheduleD/LandGrp/BookValueAmt0742986
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0742986
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0349608
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0245150
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0594758
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0381267
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0137781
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0132341
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0270122
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt051709993
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1254890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt218864766
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt325270476
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt43085461
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt51761606
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt640030802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLUB SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4IRA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5HEALTH SAVINGS ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6CERTIFICATES
IRS990ScheduleD/RevenueNotReportedAmt0381267
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08094858
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03714046
IRS990ScheduleD/TotalExpensesPerForm990Amt06489731
IRS990ScheduleD/TotalLiabilityAmt0140977994
IRS990ScheduleD/TotalRevenuePerForm990Amt08094858
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08476125
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06489731
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0189124
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05522
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt025502
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES M BARBARICH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0220148
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS OWNED BY ITS 13,549 MEMBERS. MEMBERSHIP IS OPEN TO ANYONE WHO LIVES, WORKS, OR WORSHIPS IN BLOOMSBURG, BERWICK, MOUNT CARMEL,OR MAHONING TOWNSHIP IN DANVILLE, PA OR THE UNION COUNTY UNDERSERVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS EACH OF WHOM HAS A SINGLE VOTE IN THE ELECTION OF MEMBERS TO THE CREDIT UNION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION'S MEMBERS MUST APPROVE CHANGES TO THE CREDIT UNION'S CHARTER ARTICLES AND BYLAWS, THE MERGER OF THE CREDIT UNION, AND THE DISSOLUTION OR CONVERSION OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION MANAGEMENT TEAM REVIEWS THE RETURN PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION ANNUALLY REVIEWS CONFLICT OF INTEREST DISCLOSURE TO ENSURE COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CEO, EXECUTIVE DIRECTOR, AND TOP MANAGEMENT OFFICIAL RECEIVE PERFORMANCE REVIEWS AND ACHIEVEMENTS ARE DOCUMENTED. COMPENSATION IS DETERMINED BY MARKET RATE ANALYSIS FOR MARKET LEVELS, PERFORMANCE, TENURE, RESPONSIBILITIES AND EDUCATION ARE ALL FACTORED INTO SALARY OF EACH POSITION. APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD AND THEN THE FULL BOARD. AN ANNUAL PERFORMANCE REVIEW IS CONDUCTED. THIS IS PRESENTED TO THE EMPLOYEE WHERE THEY ARE ENCOURAGED TO COMMENT. ALL JOBS ARE RATED AND GIVEN A GRADE. BASED ON THE GRADE WE ESTABLISH A MARKET RANGE. PERFORMANCE, TENURE IN JOB, EDUCATION REQUIREMENTS FOR THE JOB, AND ACCOMPLISHMENTS ARE FACTORED TOGETHER TO DETERMINE THE SALARY PAID. THESE NUMBERS ARE SUBJECT TO BUDGET APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND CALL REPORTS CONTAINING FINANCIAL INFORMATION ARE POSTED ON NCUA.GOV. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DECREASE IN UNDIVIDED EARNINGS -6,702.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THERE WAS NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0151872558
IRS990/TotalAssetsEOYAmt0156984854
IRS990/TotalAssetsGrp/BOYAmt0151872558
IRS990/TotalAssetsGrp/EOYAmt0156984854
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt059
IRS990/TotalFunctionalExpensesGrp/TotalAmt06489731

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,984,854
Liabilities
$142,338,248
Net assets
$14,646,606
Revenue
$8,094,858
Expenses
$6,489,731
Net income
$1,605,127
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$183$167$16.4$7.48$6.25$1.23
2019Detailed filing. Detailed filing data is available for this year.$157$142$14.6$8.09$6.49$1.61
2018Detailed filing. Detailed filing data is available for this year.$152$139$12.7$7.30$6.40$0.89
2017Detailed filing. Detailed filing data is available for this year.$146$134$12.0$6.48$5.97$0.50
2016Detailed filing. Detailed filing data is available for this year.$142$131$11.5$5.94$5.81$0.13
2015Detailed filing. Detailed filing data is available for this year.$129$118$11.4$5.50$5.02$0.48