Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2019 • EIN 38-1362849

Jan 01, 2019 to Dec 31, 2019 • Filed on May 06, 2020

Organization Profilewww.hpccu.com
1234 West Chisholm StreetAlpena, MI 49707

(989) 354-4698

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.85x

Higher debt load relative to assets than 23% of similar nonprofits.

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

Liabilities / Revenue

96th percentile

24.70x

Higher debt load relative to revenue than 96% of similar nonprofits.

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

Net Margin

90th percentile

24%

Higher net margin than 90% of similar nonprofits.

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

Top Officer Pay

11th percentile

$136,460

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

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

Asset Growth

23rd percentile

1.3%

Faster asset growth than 23% of similar nonprofits.

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

Revenue Growth

57th percentile

9.4%

Faster revenue growth than 57% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$123,370,577

Up $1,577,584 (+1.3%) from 2018

Net Assets

Up

$18,578,142

Up $1,013,987 (+5.8%) from 2018

Liabilities

Up

$104,792,435

Up $563,597 (+0.5%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin90th percentile

Revenue

Up

$4,242,783

Up $363,764 (+9.4%) from 2018

Expenses

Up

$3,228,796

Up $354,571 (+12%) from 2018

Net Income

Up

$1,013,987

Up $9,193 (+0.9%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$200M$150M$100M$50M$0Assets 2010: $114,108,214Liabilities 2010: $101,616,009Net Assets 2010: $12,492,2052010Assets 2011: $112,860,356Liabilities 2011: $100,305,031Net Assets 2011: $12,555,3252011Assets 2012: $112,576,032Liabilities 2012: $99,385,259Net Assets 2012: $13,190,7732012Assets 2013: $113,266,039Liabilities 2013: $99,262,227Net Assets 2013: $14,003,8122013Assets 2014: $114,652,260Liabilities 2014: $99,909,725Net Assets 2014: $14,742,5352014Assets 2015: $117,539,163Liabilities 2015: $102,214,334Net Assets 2015: $15,324,8292015Assets 2016: $121,629,676Liabilities 2016: $105,739,870Net Assets 2016: $15,889,8062016Assets 2017: $124,073,933Liabilities 2017: $107,514,572Net Assets 2017: $16,559,3612017Assets 2018: $121,792,993Liabilities 2018: $104,228,838Net Assets 2018: $17,564,1552018Assets 2019: $123,370,577Liabilities 2019: $104,792,435Net Assets 2019: $18,578,1422019Assets 2020: $143,285,850Liabilities 2020: $124,046,044Net Assets 2020: $19,239,8062020Assets 2021: $158,654,438Liabilities 2021: $138,607,713Net Assets 2021: $20,046,7252021Assets 2022: $163,735,432Liabilities 2022: $143,586,522Net Assets 2022: $20,148,9102022Assets 2023: $158,016,891Liabilities 2023: $137,757,476Net Assets 2023: $20,259,4152023Assets 2024: $153,945,735Liabilities 2024: $132,387,672Net Assets 2024: $21,558,0632024

Highlighted filing

2019

Assets$123,370,577
Liabilities$104,792,435
Net Assets$18,578,142
Open 2019 Filing

Operations Trend

Revenue Growth57th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $3,789,2052010Expenses 2011: $3,531,5682011Revenue 2012: $3,429,696Expenses 2012: $2,794,248Net Income 2012: $635,4482012Revenue 2013: $3,169,384Expenses 2013: $2,356,345Net Income 2013: $813,0392013Revenue 2014: $3,074,331Expenses 2014: $2,335,608Net Income 2014: $738,7232014Revenue 2015: $3,044,577Expenses 2015: $2,462,283Net Income 2015: $582,2942015Revenue 2016: $3,094,330Expenses 2016: $2,529,353Net Income 2016: $564,9772016Revenue 2017: $3,310,033Expenses 2017: $2,640,478Net Income 2017: $669,5552017Revenue 2018: $3,879,019Expenses 2018: $2,874,225Net Income 2018: $1,004,7942018Revenue 2019: $4,242,783Expenses 2019: $3,228,796Net Income 2019: $1,013,9872019Revenue 2020: $4,224,932Expenses 2020: $3,563,268Net Income 2020: $661,6642020Revenue 2021: $4,477,208Expenses 2021: $3,670,250Net Income 2021: $806,9582021Revenue 2022: $4,415,579Expenses 2022: $4,313,394Net Income 2022: $102,1852022Revenue 2023: $5,429,627Expenses 2023: $5,319,122Net Income 2023: $110,5052023Revenue 2024: $6,826,736Expenses 2024: $5,528,088Net Income 2024: $1,298,6482024

Highlighted filing

2019

Revenue$4,242,783
Expenses$3,228,796
Net Income$1,013,987
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 6, 2020
Return Version
2019v5.0
Gross Receipts
$4,315,380
Mission and Program Overview

Mission

To serve and promote member's personal financial success and to continue the Credit Union philosophy of "People Helping People".

Provide co-op financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$59,271,933$62,809,713▲ $3,537,780
Investments Other Securities$32,525,000$33,069,000▲ $544,000
Savings and Temporary Cash Investments$25,807,980$22,347,700▼ $3,460,280
Rtn Earn Endowment Incm Other Fnds$17,564,155$18,578,142▲ $1,013,987
Land, Buildings, and Equipment, Net$1,149,533$1,760,737▲ $611,204
Cash and Non-Interest-Bearing Accounts$831,731$1,290,589▲ $458,858
Investments Program Related$614,200$618,830▲ $4,630
Prepaid Expenses and Deferred Charges$78,124$111,503▲ $33,379
Accounts Receivable$92,073$102,746▲ $10,673
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$121,792,993$123,370,577▲ $1,577,584
Other Assets Total$1,422,419$1,259,759▼ $162,660
Liabilities
Other Liabilities$103,761,230$104,244,362▲ $483,132
Accounts Payable and Accrued Expenses$467,608$548,073▲ $80,465
Total Liabilities$104,228,838$104,792,435▲ $563,597
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,564,155$18,578,142▲ $1,013,987
Total Liabilities and Net Assets / Fund Balance$121,792,993$123,370,577▲ $1,577,584

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,137,556$1,068,315$2,205,871
Other Land Buildings$202,909$571,695$774,604
Land$268,778-$268,778
Leasehold Improvements$151,494$60,166$211,660
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jodi RitthalerCEOFT$115,475$20,985$136,460
Dennis WernerCOOFT$119,185$13,616$132,801
Cindy KrentzFormer CEOFT$47,051$44,128$91,179
Tracey KreinbringFormer COOFT$16,740$5,189$21,929

Board Members and Trustees

NameTitle
Edward RichChairperson
Jon BensonVice Chair
James HubertDirector
James MajeskyDirector
Robert IlsleyDirector
Mark LeeSecretary
Michael AdamsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CUAnswersCore processor6000 28th St SE 100, Grand Rapids, MI 49546-
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,954,663
Investment Income
$1,288,120
Other Revenue
$0
Change in Net Assets
$1,013,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,943,672
Salaries, Compensation, and Employee Benefits$1,285,124
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$642,123
Interest---$499,117
Current Officers, Directors, Trustees, and Key Employees---$382,369
Information Technology---$210,368
Occupancy---$196,858
Office Expenses---$146,132
Other Employee Benefits---$142,488
Fees for Services Other---$124,359
Advertising---$101,684
Payroll Taxes---$73,513
Travel---$62,150
All Other Expenses---$61,552
Other Expenses---$53,963
Depreciation Depletion---$47,926
Pension Plan Contributions---$44,631
Insurance---$30,938
Fees for Services Accounting---$23,637
Fees for Services Legal---$5,433
Total Functional Expenses$0$0$0$3,228,796
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposit Accounts$104,244,362
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Section 501c(14) Credit Union is composed of members.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Members vote and elect Board members at annual meeting.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Mergers are voted on by entire membership.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“By policy, any loan or extension of credit to an official or staff member of H.P.C. Credit Union as a direct obligor, endorser, cosigner or guarantor must be approved by the credit committee made up of unrelated committee members.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Board of directors selects CU Manager. A compensation committee of the board reviews salary surveys to determines compensation. Board of directors are not compensated.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Credit union bylaws are available upon request at the credit union's main office. Monthly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.”

Filing and Contact Details

Filer

Filer Name
HPC Credit Union
EIN
38-1362849
Phone
9893544698
Address
1234 West Chisholm Street, Alpena, MI 49707

Signing Officer

Name
Jodi Ritthaler
Title
CEO
Signed
2020-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jodi Ritthaler
Formed
1949
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
37
Volunteers
15

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Robert Draeger
Phone
8005225820
Raw XML AppendixShowing 400 of 445 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/LandBldgEquipBasisNetGrp/EOYAmt01760737
IRS990/LandBldgEquipCostOrOtherBssAmt03460913
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IRS990/LoanOutstandingInd0false
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide co-op financial services and products to members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt017564155
IRS990/NetAssetsOrFundBalancesEOYAmt018578142
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt019869
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt019869
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-245
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IRS990/OfficeExpensesGrp/TotalAmt0146132
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01422419
IRS990/OtherAssetsTotalGrp/EOYAmt01259759
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0142488
IRS990/OtherExpensesGrp/Desc0Loan Servicing Expenses
IRS990/OtherExpensesGrp/Desc1Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc2Valuation Adjustment of Assets
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/TotalAmt0166915
IRS990/OtherExpensesGrp/TotalAmt1130000
IRS990/OtherExpensesGrp/TotalAmt282640
IRS990/OtherExpensesGrp/TotalAmt353963
IRS990/OtherLiabilitiesGrp/BOYAmt0103761230
IRS990/OtherLiabilitiesGrp/EOYAmt0104244362
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IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/BusinessCd2525990
IRS990/OtherRevenueMiscGrp/Desc0Insurance Handling Fees
IRS990/OtherRevenueMiscGrp/Desc1Non-Member ATM Fees
IRS990/OtherRevenueMiscGrp/Desc2Other Non-Member Income
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0642123
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt059271933
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt062809713
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt073513
IRS990/PensionPlanContributionsGrp/TotalAmt044631
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt078124
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0111503
IRS990/PrincipalOfficerNm0Jodi Ritthaler
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0Fee and Other Income
IRS990/ProgramServiceRevenueGrp/Desc1Insurance Handling Fees
IRS990/ProgramServiceRevenueGrp/Desc2Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc3Non-Member ATM Fees
IRS990/ProgramServiceRevenueGrp/Desc4Other Non-Member Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0406426
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12530517
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0406426
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22530517
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36222
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4482
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt011580
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt16222
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2482
IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union provides a variety of loans to members including real estate,credit card, vehicle and other. The total number of loans outstanding at 12/31/2019 was 3,070.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01165941
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01714084
IRS990/PYOtherRevenueAmt019264
IRS990/PYProgramServiceRevenueAmt02693814
IRS990/PYRevenuesLessExpensesAmt01004794
IRS990/PYSalariesCompEmpBnftPaidAmt01160141
IRS990/PYTotalExpensesAmt02874225
IRS990/PYTotalRevenueAmt03879019
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01013987
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt017564155
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt018578142
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025807980
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022347700
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01137556
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01068315
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02205871
IRS990ScheduleD/LandGrp/BookValueAmt0268778
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0268778
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0151494
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt060166
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0211660
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0202909
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0571695
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0774604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0104244362
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposit Accounts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01760737
IRS990ScheduleD/TotalBookValueSecuritiesAmt033069000
IRS990ScheduleD/TotalLiabilityAmt0104244362
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt047051
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt116740
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06431
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt11841
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt021672
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt016025
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt13348
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Cindy Krentz
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Tracey Kreinbring
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Former CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Former COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt091179
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt121929
IRS990ScheduleJ/SeverancePaymentInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Section 501c(14) Credit Union is composed of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members vote and elect Board members at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mergers are voted on by entire membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4By policy, any loan or extension of credit to an official or staff member of H.P.C. Credit Union as a direct obligor, endorser, cosigner or guarantor must be approved by the credit committee made up of unrelated committee members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board of directors selects CU Manager. A compensation committee of the board reviews salary surveys to determines compensation. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Credit union bylaws are available upon request at the credit union's main office. Monthly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0121792993
IRS990/TotalAssetsEOYAmt0123370577
IRS990/TotalAssetsGrp/BOYAmt0121792993
IRS990/TotalAssetsGrp/EOYAmt0123370577
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03228796
IRS990/TotalGrossUBIAmt017720
IRS990/TotalLiabilitiesBOYAmt0104228838
IRS990/TotalLiabilitiesEOYAmt0104792435
IRS990/TotalLiabilitiesGrp/BOYAmt0104228838
IRS990/TotalLiabilitiesGrp/EOYAmt0104792435
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017564155
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018578142
IRS990/TotalOtherCompensationAmt064545
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-564
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt0-564
IRS990/TotalProgramServiceRevenueAmt02954663

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$123,370,577
Liabilities
$104,792,435
Net assets
$18,578,142
Revenue
$4,242,783
Expenses
$3,228,796
Net income
$1,013,987
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$154$132$21.6$6.83$5.53$1.30
2023Detailed filing. Detailed filing data is available for this year.$158$138$20.3$5.43$5.32$0.11
2022Detailed filing. Detailed filing data is available for this year.$164$144$20.1$4.42$4.31$0.10
2021Detailed filing. Detailed filing data is available for this year.$159$139$20.0$4.48$3.67$0.81
2020Detailed filing. Detailed filing data is available for this year.$143$124$19.2$4.22$3.56$0.66
2019Detailed filing. Detailed filing data is available for this year.$123$105$18.6$4.24$3.23$1.01
2018Detailed filing. Detailed filing data is available for this year.$122$104$17.6$3.88$2.87$1.00
2017Summary only. Only limited summary data is available for this year.$124$108$16.6$3.31$2.64$0.67
2016Detailed filing. Detailed filing data is available for this year.$122$106$15.9$3.09$2.53$0.56
2015Detailed filing. Detailed filing data is available for this year.$118$102$15.3$3.04$2.46$0.58
2014Detailed filing. Detailed filing data is available for this year.$115$99.9$14.7$3.07$2.34$0.74
2013Detailed filing. Detailed filing data is available for this year.$113$99.3$14.0$3.17$2.36$0.81
2012Summary only. Only limited summary data is available for this year.$113$99.4$13.2$3.43$2.79$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$100$12.6$3.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$102$12.5$3.79
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