Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2021 • EIN 38-1362849

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

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

0.87x

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

2021 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

30.96x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2021

Net Margin

65th percentile

18%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

32nd percentile

$172,823

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2021

Asset Growth

53rd percentile

11%

Faster asset growth than 53% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

6.0%

Faster revenue growth than 70% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$158,654,438

Up $15,368,588 (+11%) from 2020

Net Assets

Up

$20,046,725

Up $806,919 (+4.2%) from 2020

Liabilities

Up

$138,607,713

Up $14,561,669 (+12%) from 2020

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin65th percentile

Revenue

Up

$4,477,208

Up $252,276 (+6.0%) from 2020

Expenses

Up

$3,670,250

Up $106,982 (+3.0%) from 2020

Net Income

Up

$806,958

Up $145,294 (+22%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2021

Assets$158,654,438
Liabilities$138,607,713
Net Assets$20,046,725
Open 2021 Filing

Operations Trend

Revenue Growth70th 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

2021

Revenue$4,477,208
Expenses$3,670,250
Net Income$806,958
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.0
Gross Receipts
$4,477,208
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".

To serve and promote members' personal financial success and to continue the Credit Union philosophy of "People helping People."

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$62,140,281$56,676,989▼ $5,463,292
Savings and Temporary Cash Investments$44,506,350$47,711,612▲ $3,205,262
Investments in Publicly Traded Securities-$47,455,000-
Rtn Earn Endowment Incm Other Fnds$19,239,806$20,046,725▲ $806,919
Land, Buildings, and Equipment, Net$1,929,254$1,804,542▼ $124,712
Cash and Non-Interest-Bearing Accounts$2,013,026$1,804,203▼ $208,823
Accounts Receivable$65,039$1,055,252▲ $990,213
Investments Program Related$617,830$0▼ $617,830
Investments Other Securities$30,542,000$614,200▼ $29,927,800
Prepaid Expenses and Deferred Charges$85,263$55,290▼ $29,973
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$143,285,850$158,654,438▲ $15,368,588
Other Assets Total$1,386,807$1,477,350▲ $90,543
Liabilities
Other Liabilities$123,259,138$139,325,355▲ $16,066,217
Accounts Payable and Accrued Expenses$786,906$-717,642▼ $1,504,548
Total Liabilities$124,046,044$138,607,713▲ $14,561,669
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,239,806$20,046,725▲ $806,919
Total Liabilities and Net Assets / Fund Balance$143,285,850$158,654,438▲ $15,368,588

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,048,472$1,179,917$2,228,389
Other Land Buildings$222,060$695,419$917,479
Leasehold Improvements$265,232$111,408$376,640
Land$268,778-$268,778
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis WernerManagerFT$94,692$78,131$172,823
Jodi RitthalerFormer CEOFT$115,673$33,762$149,435
Thomas Hendricksbusiness lenderFT$121,735$23,250$144,985
mark clementsBusiness LenderFT$101,556$33,983$135,539

Board Members and Trustees

NameTitle
Edward RichChairperson
Jon BensonVice Chair
James HubertDirector
James MajeskyDirector
Mark LeeDirector
William MishleySecretary
Robert IlsleyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CUAnswersCore processor6000 28th St SE 100, Grand Rapids, MI 49546$218,964
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,513,237
Investment Income
$963,971
Other Revenue
$0
Change in Net Assets
$806,958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,882,100
Salaries, Compensation, and Employee Benefits$1,788,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,086,523
Interest---$414,535
Current Officers, Directors, Trustees, and Key Employees---$321,628
Information Technology---$224,067
Other Employee Benefits---$196,662
Office Expenses---$176,021
Advertising---$146,362
Depreciation Depletion---$133,850
Occupancy---$112,721
Payroll Taxes---$106,162
Pension Plan Contributions---$77,175
Fees for Services Other---$72,181
Other Expenses---$50,186
Travel---$46,293
All Other Expenses---$43,496
Insurance---$32,275
Fees for Services Accounting---$21,849
Fees for Services Legal---$3,151
Total Functional Expenses$0$0$0$3,670,250
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$139,325,354
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
Dennis J Werner
Title
Manager
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis J Werner
Formed
1949
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
44
Volunteers
13

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Patrick Haughey
Phone
8005225820
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Trival adjustment to R/E = -$39”

Raw XML AppendixShowing 400 of 449 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/Form990PartVIISectionAGrp/TitleTxt3BUSINESS LENDER
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
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IRS990/InvestmentsProgramRelatedGrp/BOYAmt0617830
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt047455000
IRS990/IRPDocumentCnt02712
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01986744
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01929254
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01804542
IRS990/LandBldgEquipCostOrOtherBssAmt03791286
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IRS990/LocalChaptersInd0true
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To serve and promote members' personal financial success and to continue the Credit Union philosophy of "People helping People."
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt019239806
IRS990/NetAssetsOrFundBalancesEOYAmt020046725
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0112721
IRS990/OfficeExpensesGrp/TotalAmt0176021
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01386807
IRS990/OtherAssetsTotalGrp/EOYAmt01477350
IRS990/OtherChangesInNetAssetsAmt0-39
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0196662
IRS990/OtherExpensesGrp/Desc0Loan Servicing Expenses
IRS990/OtherExpensesGrp/Desc1ATM/Debit Card Expense
IRS990/OtherExpensesGrp/Desc2Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/TotalAmt0189664
IRS990/OtherExpensesGrp/TotalAmt1135449
IRS990/OtherExpensesGrp/TotalAmt280000
IRS990/OtherExpensesGrp/TotalAmt350186
IRS990/OtherLiabilitiesGrp/BOYAmt0123259138
IRS990/OtherLiabilitiesGrp/EOYAmt0139325355
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/TotalAmt01086523
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt062140281
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt056676989
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0106162
IRS990/PensionPlanContributionsGrp/TotalAmt077175
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt085263
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055290
IRS990/PrincipalOfficerNm0DENNIS J WERNER
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/RelatedOrExemptFuncIncomeAmt01105928
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12389688
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01105928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19442
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22389688
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38091
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4407
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt09442
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt18091
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2407
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 12/31/2021 was 2,600.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01122280
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01987970
IRS990/PYProgramServiceRevenueAmt03102652
IRS990/PYRevenuesLessExpensesAmt0661664
IRS990/PYSalariesCompEmpBnftPaidAmt01575298
IRS990/PYTotalExpensesAmt03563268
IRS990/PYTotalRevenueAmt04224932
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0806958
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt019239806
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt020046725
IRS990/SavingsAndTempCashInvstGrp/BOYAmt044506350
IRS990/SavingsAndTempCashInvstGrp/EOYAmt047711612
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01048472
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01179917
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02228389
IRS990ScheduleD/LandGrp/BookValueAmt0268778
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0268778
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0265232
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0111408
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0376640
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0222060
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0695419
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0917479
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0139325354
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposit Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01804542
IRS990ScheduleD/TotalLiabilityAmt0139325355
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt094692
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1115673
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount038464
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount112250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt010804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt112724
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt011793
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt11927
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt017070
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt16861
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Dennis Werner
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Jodi Ritthaler
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Former CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0172823
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1149435
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/ExplanationTxt8Trival adjustment to R/E = -$39
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0143285850
IRS990/TotalAssetsEOYAmt0158654438
IRS990/TotalAssetsGrp/BOYAmt0143285850
IRS990/TotalAssetsGrp/EOYAmt0158654438
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt044
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03670250
IRS990/TotalGrossUBIAmt017621
IRS990/TotalLiabilitiesBOYAmt0124046044
IRS990/TotalLiabilitiesEOYAmt0138607713
IRS990/TotalLiabilitiesGrp/BOYAmt0124046044
IRS990/TotalLiabilitiesGrp/EOYAmt0138607713
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt019239806
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt020046725
IRS990/TotalOtherCompensationAmt094481
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-319

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$158,654,438
Liabilities
$138,607,713
Net assets
$20,046,725
Revenue
$4,477,208
Expenses
$3,670,250
Net income
$806,958
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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