Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2020 • EIN 38-1362849

Jan 01, 2020 to Dec 31, 2020 • Filed on May 14, 2021

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

22nd percentile

0.87x

Higher debt load relative to assets than 22% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

29.36x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$158,745

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Asset Growth

42nd percentile

16%

Faster asset growth than 42% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

59th percentile

-0.4%

Faster revenue growth than 59% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$143,285,850

Up $19,915,273 (+16%) from 2019

Net Assets

Up

$19,239,806

Up $661,664 (+3.6%) from 2019

Liabilities

Up

$124,046,044

Up $19,253,609 (+18%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin69th percentile

Revenue

Down

$4,224,932

Down $17,851 (-0.4%) from 2019

Expenses

Up

$3,563,268

Up $334,472 (+10%) from 2019

Net Income

Down

$661,664

Down $352,323 (-35%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2020

Assets$143,285,850
Liabilities$124,046,044
Net Assets$19,239,806
Open 2020 Filing

Operations Trend

Revenue Growth59th 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

2020

Revenue$4,224,932
Expenses$3,563,268
Net Income$661,664
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 14, 2021
Return Version
2020v4.0
Gross Receipts
$4,224,932
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$62,809,713$62,140,281▼ $669,432
Savings and Temporary Cash Investments$22,347,700$44,506,350▲ $22,158,650
Investments Other Securities$33,069,000$30,542,000▼ $2,527,000
Rtn Earn Endowment Incm Other Fnds$18,578,142$19,239,806▲ $661,664
Cash and Non-Interest-Bearing Accounts$1,290,589$2,013,026▲ $722,437
Land, Buildings, and Equipment, Net$1,760,737$1,929,254▲ $168,517
Investments Program Related$618,830$617,830▼ $1,000
Prepaid Expenses and Deferred Charges$111,503$85,263▼ $26,240
Accounts Receivable$102,746$65,039▼ $37,707
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$123,370,577$143,285,850▲ $19,915,273
Other Assets Total$1,259,759$1,386,807▲ $127,048
Liabilities
Other Liabilities$104,244,362$123,259,138▲ $19,014,776
Accounts Payable and Accrued Expenses$548,073$786,906▲ $238,833
Total Liabilities$104,792,435$124,046,044▲ $19,253,609
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,578,142$19,239,806▲ $661,664
Total Liabilities and Net Assets / Fund Balance$123,370,577$143,285,850▲ $19,915,273

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,098,843$1,124,546$2,223,389
Other Land Buildings$265,057$628,604$893,661
Leasehold Improvements$296,576$80,064$376,640
Land$268,778-$268,778
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jodi RitthalerCEOFT$114,598$44,147$158,745
Dennis WernerCOOFT$122,398$12,104$134,502
mark clementsBusiness LenderFT$106,514$11,960$118,474
Thomas Hendricksbusiness lenderFT$105,564$4,220$109,784

Board Members and Trustees

NameTitle
Edward RichChairperson
Jon BensonVice Chair
James HubertDirector
James MajeskyDirector
Robert IlsleyDirector
Cindy KrentzFormer CEO
Tracey KreinbringFormer COO
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
$3,102,652
Investment Income
$1,122,280
Other Revenue
$0
Change in Net Assets
$661,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,987,970
Salaries, Compensation, and Employee Benefits$1,575,298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$924,197
Interest---$560,155
Current Officers, Directors, Trustees, and Key Employees---$293,689
Information Technology---$227,472
Other Employee Benefits---$206,204
Office Expenses---$168,124
Occupancy---$139,080
Advertising---$115,232
Depreciation Depletion---$114,947
Payroll Taxes---$92,603
Pension Plan Contributions---$58,605
Other Expenses---$53,412
All Other Expenses---$51,408
Insurance---$31,935
Travel---$27,504
Fees for Services Other---$25,206
Fees for Services Accounting---$22,856
Fees for Services Legal---$3,395
Total Functional Expenses$0$0$0$3,563,268
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$123,259,137
Rounding$1
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 in conjunction to the 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
2021-05-14
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
Patrick Haughey
Phone
8005225820
Raw XML AppendixShowing 400 of 456 raw XML fields

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IRS990/IRPDocumentCnt02712
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01833214
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt01929254
IRS990/LandBldgEquipCostOrOtherBssAmt03762468
IRS990/LegalDomicileStateCd0MI
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide co-op financial services and products to members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt018578142
IRS990/NetAssetsOrFundBalancesEOYAmt019239806
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/TotalAmt0139080
IRS990/OfficeExpensesGrp/TotalAmt0168124
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01259759
IRS990/OtherAssetsTotalGrp/EOYAmt01386807
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0206204
IRS990/OtherExpensesGrp/Desc0Loan Servicing Expenses
IRS990/OtherExpensesGrp/Desc1Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc2Atm Expense
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/TotalAmt0182640
IRS990/OtherExpensesGrp/TotalAmt1150000
IRS990/OtherExpensesGrp/TotalAmt2114604
IRS990/OtherExpensesGrp/TotalAmt353412
IRS990/OtherLiabilitiesGrp/BOYAmt0104244362
IRS990/OtherLiabilitiesGrp/EOYAmt0123259138
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
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/TotalAmt0924197
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt062809713
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt062140281
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt092603
IRS990/PensionPlanContributionsGrp/TotalAmt058605
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0111503
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt085263
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/RelatedOrExemptFuncIncomeAmt0499637
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12584559
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0499637
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19868
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22584559
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38232
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4442
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt09868
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt18232
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2442
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 12/31/2020 was 2,768.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01288120
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01943672
IRS990/PYProgramServiceRevenueAmt02954663
IRS990/PYRevenuesLessExpensesAmt01013987
IRS990/PYSalariesCompEmpBnftPaidAmt01285124
IRS990/PYTotalExpensesAmt03228796
IRS990/PYTotalRevenueAmt04242783
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0661664
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt018578142
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt019239806
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022347700
IRS990/SavingsAndTempCashInvstGrp/EOYAmt044506350
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01098843
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01124546
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02223389
IRS990ScheduleD/LandGrp/BookValueAmt0268778
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0268778
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0296576
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt080064
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0376640
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0265057
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0628604
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0893661
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0123259137
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposit Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01929254
IRS990ScheduleD/TotalBookValueSecuritiesAmt030542000
IRS990ScheduleD/TotalLiabilityAmt0123259138
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0114598
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount018000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt012606
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt013265
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0276
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Jodi Ritthaler
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0158745
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 in conjunction to the 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/TotalAssetsBOYAmt0123370577
IRS990/TotalAssetsEOYAmt0143285850
IRS990/TotalAssetsGrp/BOYAmt0123370577
IRS990/TotalAssetsGrp/EOYAmt0143285850
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03563268
IRS990/TotalGrossUBIAmt018456
IRS990/TotalLiabilitiesBOYAmt0104792435
IRS990/TotalLiabilitiesEOYAmt0124046044
IRS990/TotalLiabilitiesGrp/BOYAmt0104792435
IRS990/TotalLiabilitiesGrp/EOYAmt0124046044
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018578142

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$143,285,850
Liabilities
$124,046,044
Net assets
$19,239,806
Revenue
$4,224,932
Expenses
$3,563,268
Net income
$661,664
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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