Civic Intelligence

138 Towpath Credit Union Inc

990 • Fiscal year 2022 • EIN 34-0058905

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization Profilewww.towpathcu.com

View Organization Page

2969 Smith RdFairlawn, OH 44333

(330) 664-4700

Siviq Scores

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

Liabilities / Assets

38th percentile

0.90x

Higher debt load relative to assets than 38% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

40th percentile

19.22x

Higher debt load relative to revenue than 40% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Net Margin

12th percentile

5.8%

Higher net margin than 12% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

95th percentile

$400,297

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Asset Growth

84th percentile

7.2%

Faster asset growth than 84% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

72nd percentile

15%

Faster revenue growth than 72% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$191,683,820

Up $12,957,316 (+7.2%) from 2021

Net Assets

Up

$19,765,324

Up $655,355 (+3.4%) from 2021

Liabilities

Up

$171,918,496

Up $12,301,961 (+7.7%) from 2021

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin12th percentile

Revenue

Up

$8,942,681

Up $1,142,568 (+15%) from 2021

Expenses

Up

$8,426,996

Up $1,178,314 (+16%) from 2021

Net Income

Down

$515,685

Down $35,746 (-6.5%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$200M$150M$100M$50M$0Assets 2010: $72,209,894Liabilities 2010: $63,560,827Net Assets 2010: $8,649,0672010Assets 2011: $112,061,916Liabilities 2011: $99,744,246Net Assets 2011: $12,317,6702011Assets 2012: $114,237,874Liabilities 2012: $101,702,015Net Assets 2012: $12,535,8592012Assets 2013: $113,894,801Liabilities 2013: $100,933,645Net Assets 2013: $12,961,1562013Assets 2014: $113,545,148Liabilities 2014: $100,200,991Net Assets 2014: $13,344,1572014Assets 2015: $116,456,558Liabilities 2015: $102,566,409Net Assets 2015: $13,890,1492015Assets 2016: $122,031,762Liabilities 2016: $107,093,376Net Assets 2016: $14,938,3862016Assets 2017: $126,948,784Liabilities 2017: $111,221,316Net Assets 2017: $15,727,4682017Assets 2018: $127,845,477Liabilities 2018: $110,973,324Net Assets 2018: $16,872,1532018Assets 2019: $131,344,949Liabilities 2019: $113,435,948Net Assets 2019: $17,909,0012019Assets 2020: $155,193,622Liabilities 2020: $136,929,159Net Assets 2020: $18,264,4632020Assets 2021: $178,726,504Liabilities 2021: $159,616,535Net Assets 2021: $19,109,9692021Assets 2022: $191,683,820Liabilities 2022: $171,918,496Net Assets 2022: $19,765,3242022Assets 2023: $198,013,463Liabilities 2023: $177,861,076Net Assets 2023: $20,152,3872023Assets 2024: $198,342,445Liabilities 2024: $177,105,093Net Assets 2024: $21,237,3522024

Highlighted filing

2022

Assets$191,683,820
Liabilities$171,918,496
Net Assets$19,765,324
Open 2022 Filing

Operations Trend

Revenue Growth72nd percentile

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

$15M$10M$5.0M$0Expenses 2010: $3,794,8142010Expenses 2011: $5,988,2762011Expenses 2012: $4,704,7172012Revenue 2013: $4,970,191Expenses 2013: $4,544,894Net Income 2013: $425,2972013Revenue 2014: $5,346,653Expenses 2014: $4,963,652Net Income 2014: $383,0012014Revenue 2015: $5,722,672Expenses 2015: $5,176,680Net Income 2015: $545,9922015Revenue 2016: $6,607,239Expenses 2016: $5,559,002Net Income 2016: $1,048,2372016Revenue 2017: $7,238,035Expenses 2017: $6,428,158Net Income 2017: $809,8772017Revenue 2018: $8,170,867Expenses 2018: $6,976,229Net Income 2018: $1,194,6382018Revenue 2019: $8,203,326Expenses 2019: $7,255,182Net Income 2019: $948,1442019Revenue 2020: $7,391,287Expenses 2020: $7,041,391Net Income 2020: $349,8962020Revenue 2021: $7,800,113Expenses 2021: $7,248,682Net Income 2021: $551,4312021Revenue 2022: $8,942,681Expenses 2022: $8,426,996Net Income 2022: $515,6852022Revenue 2023: $11,618,297Expenses 2023: $10,590,911Net Income 2023: $1,027,3862023Revenue 2024: $13,589,594Expenses 2024: $12,578,142Net Income 2024: $1,011,4522024

Highlighted filing

2022

Revenue$8,942,681
Expenses$8,426,996
Net Income$515,685
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$8,942,681
Mission and Program Overview

Mission

Towpath Credit Union provides quality financial products and services to qualified members.

Towpath Credit Union is a member-owned, not-for-profit financial cooperative association. The Credit Union serves all residents of Summit County as well as approved seg-group companies. It is dedicated to providing its members with quality financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$95,142,543$118,231,710▲ $23,089,167
Investments Other Securities$51,297,923$54,832,111▲ $3,534,188
Rtn Earn Endowment Incm Other Fnds$19,109,969$19,765,324▲ $655,355
Land, Buildings, and Equipment, Net$4,125,373$4,132,745▲ $7,372
Investments Program Related$2,756,215$2,794,632▲ $38,417
Savings and Temporary Cash Investments$17,280,709$2,459,616▼ $14,821,093
Receivables From Officers Etc$2,122,005$2,143,225▲ $21,220
Cash and Non-Interest-Bearing Accounts$1,511,082$1,720,209▲ $209,127
Accounts Receivable$340,260$531,929▲ $191,669
Prepaid Expenses and Deferred Charges$173,707$175,314▲ $1,607
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$178,726,504$191,683,820▲ $12,957,316
Other Assets Total$3,976,687$4,662,329▲ $685,642
Liabilities
Other Liabilities$158,367,649$165,813,166▲ $7,445,517
Unsecured Notes Loans Payable$0$4,600,000▲ $4,600,000
Accounts Payable and Accrued Expenses$1,248,886$1,505,330▲ $256,444
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$159,616,535$171,918,496▲ $12,301,961
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,109,969$19,765,324▲ $655,355
Total Liabilities and Net Assets / Fund Balance$178,726,504$191,683,820▲ $12,957,316

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,474,318$1,654,422$4,128,740
Equipment$762,069$2,895,194$3,657,263
Land$895,276-$895,276
Other Land Buildings$1,082$96,359$97,441
Leasehold Improvements$0$46,855$46,855
Other Securities$264,312--
Closely Held Equity Interests$0--
Financial Derivatives$0--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rose BartolomucciCEOFT$210,000$190,297$400,297
Michael SferroPresidentFT$110,000$8,999$118,999

Board Members and Trustees

NameTitle
Lester CarneyChairman
Ernest SteeleVice Chairman
James TalleyBoard Member
John CrockettBoard Member
Kelly PetersBoard Member
Judi HillSecretary
Marcella GrandeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,839,972
Investment Income
$717,105
Other Revenue
$385,604
All Other Contributions
$0
Change in Net Assets
$515,685

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,942,681
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,693
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$8,944,374
Total Revenue per Form 990
$8,942,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,154,751
Salaries, Compensation, and Employee Benefits$4,128,710
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,836,879
Office Expenses---$1,449,233
Current Officers, Directors, Trustees, and Key Employees---$519,296
Information Technology---$392,157
Other Expenses---$381,445
Occupancy---$348,281
Depreciation Depletion---$309,773
Other Employee Benefits---$307,832
Payroll Taxes---$267,753
Pension Plan Contributions---$196,950
Benefits to Members---$143,535
Insurance---$94,922
Advertising---$86,480
Fees for Services Other---$58,573
Fees for Services Accounting---$53,187
Fees for Service Investment Mgmnt Fees---$53,005
Fees for Services Management---$37,823
Payments to Affiliates---$36,009
Interest---$35,009
All Other Expenses---$29,710
Travel---$28,047
Conferences and Meetings---$8,158
Fees for Services Legal---$231
Total Functional Expenses$0$0$0$8,426,996

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,426,996
Total Expenses per Audited Statements$8,426,996
Total Expenses per Form 990$8,426,996
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$2,122,005$2,143,225▲ $21,220
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member shares$165,813,166
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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 comprised of a single class of voting member-owners, each of whom has equal rights in ownership, governance, and voting rights with the exception of member-owners who are elected to the Board of Directors.”

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

“The members of the Credit Union have the authority to elect members of the Board of Directors for three-year terms.”

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

“Changes to the Credit Union's Code must be approved by the Board of Directors and the Ohio Division of Financial Institutions.”

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

“Completed Form 990 submitted to President/CEO for final approval.”

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

“A Code of Conduct Affirmation form is completed by the Board of Directors annually.”

Form 990, Part VI, Section B, Line 15

“An annual compensation survey completed by trade association (CUNA) provided to the Board of Directors to assess CEO compensation. Adjustments to CEO compensation made annually.”

Form 990, Part VI, Section C, Line 19

“The Credit Union's financial statements are on display in the lobby of each branch. Any additional documents can be viewed at the main branch by appointment.”

Filing and Contact Details

Filer

Filer Name
138 Towpath Credit Union Inc
EIN
34-0058905
Phone
3306644700
Address
2969 Smith Rd, Fairlawn, OH 44333

Signing Officer

Name
Melissa Dawson
Title
VP of Finance
Phone
3306644700
Signed
2023-11-14

Organization Details

Principal Officer
Michael Sferro
Formed
1936
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
80
Volunteers
7
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Towpath Credit Union embarked on a core conversion and digital transformation journey at the end of 2022, looking to significantly enhance the member experience for the future.”

Form 990, Part V, Line 3B

“Automatic six-month extension granted, will file 990T by deadline.”

Form 990, Part XI, Line 9

“Merger with Goodyear Employees Credit Union completed on 10.31.22.”

Raw XML AppendixShowing 400 of 587 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/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt08942681
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt06000
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0392157
IRS990/InsuranceGrp/TotalAmt094922
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt035009
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0717105
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0717105
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt051297923
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt054832111
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02756215
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02794632
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04692830
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04125373
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04132745
IRS990/LandBldgEquipCostOrOtherBssAmt08825575
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0379604
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0379604
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0Towpath Credit Union provides competitive and secure financial products and services to qualified members. Mission Statement - We will deliver the best member experience while improving the financial wellness of our communities.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt019109969
IRS990/NetAssetsOrFundBalancesEOYAmt019765324
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt06000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt06000
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-674628
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0348281
IRS990/OfficeExpensesGrp/TotalAmt01449233
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03976687
IRS990/OtherAssetsTotalGrp/EOYAmt04662329
IRS990/OtherChangesInNetAssetsAmt0814298
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0307832
IRS990/OtherExpensesGrp/Desc0Loan Servicing
IRS990/OtherExpensesGrp/Desc1Credit Card Servicing
IRS990/OtherExpensesGrp/Desc2Provision for Loan Losses
IRS990/OtherExpensesGrp/TotalAmt0330392
IRS990/OtherExpensesGrp/TotalAmt1422316
IRS990/OtherExpensesGrp/TotalAmt2381445
IRS990/OtherLiabilitiesGrp/BOYAmt0158367649
IRS990/OtherLiabilitiesGrp/EOYAmt0165813166
IRS990/OtherRevenueTotalAmt0379604
IRS990/OtherSalariesAndWagesGrp/TotalAmt02836879
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt095142543
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0118231710
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt036009
IRS990/PayrollTaxesGrp/TotalAmt0267753
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0196950
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0173707
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0175314
IRS990/PrincipalOfficerNm0Michael Sferro
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/Desc0Loan Interest Income
IRS990/ProgramServiceRevenueGrp/Desc1Share Account Fee Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05265454
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12574518
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05265454
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12574518
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0Depository Accounts - The Credit Union strives to provide members with financial flexibility and encourage savings with various types of depository accounts. The Credit Union currently offers depository accounts in varieties such as checking accounts, savings accounts, money market accounts, certificates of deposit accounts, IRA accounts, Holiday accounts and various other types. At year end, there were approximately 41,388 depository accounts held at the Credit Union.
IRS990/ProgSrvcAccomActy3Grp/Desc0Debit Card Program - The Credit Union strives to provide members with financial flexibility, security, and convenient access to their funds by issuing debit cards.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0124861
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0363024
IRS990/PYOtherExpensesAmt03381720
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07437089
IRS990/PYRevenuesLessExpensesAmt0551431
IRS990/PYSalariesCompEmpBnftPaidAmt03742101
IRS990/PYTotalExpensesAmt07248682
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07800113
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt02122005
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt02143225
IRS990/ReconcilationRevenueExpnssAmt0515685
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt06000
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt019109969
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt019765324
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017280709
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02459616
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02474318
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01654422
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04128740
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0762069
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02895194
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03657263
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08426996
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0895276
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0895276
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt046855
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt046855
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01693
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01082
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt096359

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$191,683,820
Liabilities
$171,918,496
Net assets
$19,765,324
Revenue
$8,942,681
Expenses
$8,426,996
Net income
$515,685
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$198$177$21.2$13.6$12.6$1.01
2023Detailed filing. Detailed filing data is available for this year.$198$178$20.2$11.6$10.6$1.03
2022Detailed filing. Detailed filing data is available for this year.$192$172$19.8$8.94$8.43$0.52
2021Detailed filing. Detailed filing data is available for this year.$179$160$19.1$7.80$7.25$0.55
2020Detailed filing. Detailed filing data is available for this year.$155$137$18.3$7.39$7.04$0.35
2019Detailed filing. Detailed filing data is available for this year.$131$113$17.9$8.20$7.26$0.95
2018Detailed filing. Detailed filing data is available for this year.$128$111$16.9$8.17$6.98$1.19
2017Detailed filing. Detailed filing data is available for this year.$127$111$15.7$7.24$6.43$0.81
2016Detailed filing. Detailed filing data is available for this year.$122$107$14.9$6.61$5.56$1.05
2015Detailed filing. Detailed filing data is available for this year.$116$103$13.9$5.72$5.18$0.55
2014Detailed filing. Detailed filing data is available for this year.$114$100$13.3$5.35$4.96$0.38
2013Detailed filing. Detailed filing data is available for this year.$114$101$13.0$4.97$4.54$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$102$12.5$4.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$112$99.7$12.3$5.99
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$72.2$63.6$8.65$3.79