Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2019 • EIN 38-1384940

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 21, 2020

Organization Profilewww.wolverinescu.com
1381 N Bagley StAlpena, MI 49707

(989) 356-1880

Siviq Scores

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

Liabilities / Assets

47th percentile

0.88x

Higher debt load relative to assets than 47% of similar nonprofits.

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

Liabilities / Revenue

65th percentile

17.73x

Higher debt load relative to revenue than 65% of similar nonprofits.

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

Net Margin

29th percentile

8.5%

Higher net margin than 29% of similar nonprofits.

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

Top Officer Pay

16th percentile

$148,538

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

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

Asset Growth

20th percentile

1.1%

Faster asset growth than 20% of similar nonprofits.

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

Revenue Growth

69th percentile

11%

Faster revenue growth than 69% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$103,627,492

Up $1,155,581 (+1.1%) from 2018

Net Assets

Up

$11,972,039

Up $1,192,842 (+11%) from 2018

Liabilities

Down

$91,655,453

Down $37,261 (-0.0%) from 2018

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin29th percentile

Revenue

Up

$5,169,865

Up $523,521 (+11%) from 2018

Expenses

Up

$4,732,277

Up $921,900 (+24%) from 2018

Net Income

Down

$437,588

Down $398,379 (-48%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$200M$150M$100M$50M$0Assets 2010: $56,750,234Liabilities 2010: $51,490,785Net Assets 2010: $5,259,4492010Assets 2011: $59,698,035Liabilities 2011: $54,271,740Net Assets 2011: $5,426,2952011Assets 2012: $63,462,088Liabilities 2012: $57,416,752Net Assets 2012: $6,045,3362012Assets 2013: $63,623,707Liabilities 2013: $57,709,114Net Assets 2013: $5,914,5932013Assets 2014: $65,296,704Liabilities 2014: $58,780,397Net Assets 2014: $6,516,3072014Assets 2015: $67,936,470Liabilities 2015: $60,935,218Net Assets 2015: $7,001,2522015Assets 2016: $70,671,128Liabilities 2016: $63,481,553Net Assets 2016: $7,189,5752016Assets 2017: $98,337,840Liabilities 2017: $87,893,492Net Assets 2017: $10,444,3482017Assets 2018: $102,471,911Liabilities 2018: $91,692,714Net Assets 2018: $10,779,1972018Assets 2019: $103,627,492Liabilities 2019: $91,655,453Net Assets 2019: $11,972,0392019Assets 2020: $122,996,267Liabilities 2020: $110,199,778Net Assets 2020: $12,796,4892020Assets 2021: $141,555,173Liabilities 2021: $128,777,179Net Assets 2021: $12,777,9942021Assets 2022: $143,548,355Liabilities 2022: $132,734,495Net Assets 2022: $10,813,8602022Assets 2023: $140,518,712Liabilities 2023: $127,778,274Net Assets 2023: $12,740,4382023Assets 2024: $158,152,334Liabilities 2024: $143,646,480Net Assets 2024: $14,505,8542024

Highlighted filing

2019

Assets$103,627,492
Liabilities$91,655,453
Net Assets$11,972,039
Open 2019 Filing

Operations Trend

Revenue Growth69th percentile

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

$10M$5.0M$0Expenses 2010: $2,747,6542010Expenses 2011: $2,456,8762011Expenses 2012: $2,274,5042012Revenue 2013: $2,513,588Expenses 2013: $2,182,264Net Income 2013: $331,3242013Revenue 2014: $2,518,393Expenses 2014: $2,231,113Net Income 2014: $287,2802014Revenue 2015: $2,610,080Expenses 2015: $2,161,157Net Income 2015: $448,9232015Revenue 2016: $2,858,085Expenses 2016: $2,389,927Net Income 2016: $468,1582016Revenue 2017: $4,330,231Expenses 2017: $3,539,524Net Income 2017: $790,7072017Revenue 2018: $4,646,344Expenses 2018: $3,810,377Net Income 2018: $835,9672018Revenue 2019: $5,169,865Expenses 2019: $4,732,277Net Income 2019: $437,5882019Revenue 2020: $5,050,480Expenses 2020: $4,606,768Net Income 2020: $443,7122020Revenue 2021: $5,526,889Expenses 2021: $5,003,667Net Income 2021: $523,2222021Revenue 2022: $6,150,132Expenses 2022: $5,594,253Net Income 2022: $555,8792022Revenue 2023: $7,259,412Expenses 2023: $6,216,925Net Income 2023: $1,042,4872023Revenue 2024: $8,498,738Expenses 2024: $7,517,019Net Income 2024: $981,7192024

Highlighted filing

2019

Revenue$5,169,865
Expenses$4,732,277
Net Income$437,588
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 21, 2020
Return Version
2019v5.0
Gross Receipts
$5,213,835
Mission and Program Overview

Mission

To be michigan's leading credit union, dedicated to the financial success of every member.

Member owned financial family dedicated to friendly, quality, efficient financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$59,377,859$61,881,566▲ $2,503,707
Investments in Publicly Traded Securities$19,954,363$21,524,918▲ $1,570,555
Rtn Earn Endowment Incm Other Fnds$10,779,197$11,972,039▲ $1,192,842
Savings and Temporary Cash Investments$12,815,026$8,000,493▼ $4,814,533
Investments Other Securities$5,570,600$7,585,933▲ $2,015,333
Cash and Non-Interest-Bearing Accounts$1,531,171$1,476,628▼ $54,543
Land, Buildings, and Equipment, Net$1,289,834$1,426,699▲ $136,865
Accounts Receivable$379,580$205,028▼ $174,552
Prepaid Expenses and Deferred Charges$159,194$144,851▼ $14,343
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$102,471,911$103,627,492▲ $1,155,581
Other Assets Total$1,394,284$1,381,376▼ $12,908
Liabilities
Other Liabilities$90,434,375$90,943,202▲ $508,827
Accounts Payable and Accrued Expenses$1,258,339$712,251▼ $546,088
Total Liabilities$91,692,714$91,655,453▼ $37,261
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,779,197$11,972,039▲ $1,192,842
Total Liabilities and Net Assets / Fund Balance$102,471,911$103,627,492▲ $1,155,581

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$725,907$575,697$1,301,604
Land$480,601-$480,601
Other Land Buildings$220,191$188,669$408,860
Leasehold Improvements-$85,640$85,640
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicholas MontieManager/CEOFT$125,187$23,351$148,538

Board Members and Trustees

NameTitle
Jerry E PetersonChairperson
Donald BartoshVice Chair
David WitkowskiDirector
James MaciejewskiDirector
John SnyderDirector
Patrick BowenDirector
Patrick RichardDirector
Robert A GrochowskiDirector
Andrew LappanSecretary
Randall T BoboltzTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CUAnswersCard Processing6000 28th St SE 100, Grand Rapids, MI 49546$299,322
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,250,653
Investment Income
$920,409
Other Revenue
$-1,197
Change in Net Assets
$437,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,958,338
Salaries, Compensation, and Employee Benefits$1,773,939
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,172,337
Information Technology---$348,870
Other Employee Benefits---$291,230
Interest---$257,525
Office Expenses---$244,903
Occupancy---$179,079
Advertising---$166,920
Current Officers, Directors, Trustees, and Key Employees---$148,538
All Other Expenses---$146,341
Depreciation Depletion---$139,355
Payroll Taxes---$111,368
Other Expenses---$79,885
Fees for Services Accounting---$61,661
Pension Plan Contributions---$50,466
Insurance---$33,739
Fees for Services Other---$24,601
Travel---$24,420
Fees for Services Legal---$16,069
Conferences and Meetings---$8,931
Total Functional Expenses$0$0$0$4,732,277
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
Other Liabilities$90,943,202
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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, Line 4: Description of Significant Changes to Organizational Documents

“Effective October 1, 2017, Article First of the certificate of organiation of the credit union amended to read as 'Wolverine State Credit Union' (formerly 'Besser Credit Union').”

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

“Credit Union is composed of members.”

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

“Members vote on bylaw and charter changes. 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

“Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.”

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, conflict of interest policy, and whistleblower policy are available upon request at the credit union's main office. Quarterly 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
Wolverine State Credit Union
EIN
38-1384940
Phone
9893561880
Address
1381 N Bagley St, Alpena, MI 49707

Signing Officer

Name
Nicholas Montie
Title
Manager/CEO
Signed
2020-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Montie
Formed
1950
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
47
Volunteers
13

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Robert Draeger
Phone
8005225820
Raw XML AppendixShowing 400 of 439 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/InvestmentsPubTradedSecGrp/EOYAmt021524918
IRS990/IRPDocumentCnt02938
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0850006
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01289834
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01426699
IRS990/LandBldgEquipCostOrOtherBssAmt02276705
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt042223
IRS990/LessRentalExpensesGrp/RealAmt01747
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Member owned financial family dedicated to friendly, quality, efficient financial services for its members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt010779197
IRS990/NetAssetsOrFundBalancesEOYAmt011972039
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-35665
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-35665
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-1197
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-1197
IRS990/NetUnrelatedBusTxblIncmAmt0-50
IRS990/NetUnrlzdGainsLossesInvstAmt0755254
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0179079
IRS990/OfficeExpensesGrp/TotalAmt0244903
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01394284
IRS990/OtherAssetsTotalGrp/EOYAmt01381376
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0291230
IRS990/OtherExpensesGrp/Desc0Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc1Loan Servicing
IRS990/OtherExpensesGrp/Desc2ATM / Debit Card Expense
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/TotalAmt0700604
IRS990/OtherExpensesGrp/TotalAmt1350311
IRS990/OtherExpensesGrp/TotalAmt2175124
IRS990/OtherExpensesGrp/TotalAmt379885
IRS990/OtherLiabilitiesGrp/BOYAmt090434375
IRS990/OtherLiabilitiesGrp/EOYAmt090943202
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/BusinessCd2525990
IRS990/OtherRevenueMiscGrp/Desc0Insurance Income
IRS990/OtherRevenueMiscGrp/Desc1Non-Member ATM Fees
IRS990/OtherRevenueMiscGrp/Desc2Shared Branching Income
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt01172337
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt059377859
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt061881566
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0111368
IRS990/PensionPlanContributionsGrp/TotalAmt050466
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0159194
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0144851
IRS990/PrincipalOfficerNm0Nicholas Montie
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3522291
IRS990/ProgramServiceRevenueGrp/BusinessCd4525990
IRS990/ProgramServiceRevenueGrp/Desc0Fees and Charges
IRS990/ProgramServiceRevenueGrp/Desc1Insurance Income
IRS990/ProgramServiceRevenueGrp/Desc2Interchange Income
IRS990/ProgramServiceRevenueGrp/Desc3Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc4Non-Member ATM Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0827518
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1444940
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22954928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0827518
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116668
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2444940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32954928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt416428
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt016668
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt116428
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 8,129.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0848365
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02350157
IRS990/PYOtherRevenueAmt035069
IRS990/PYProgramServiceRevenueAmt03762910
IRS990/PYRevenuesLessExpensesAmt0835967
IRS990/PYSalariesCompEmpBnftPaidAmt01460220
IRS990/PYTotalExpensesAmt03810377
IRS990/PYTotalRevenueAmt04646344
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0437588
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-1197
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010779197
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011972039
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012815026
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08000493
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0725907
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0575697
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01301604
IRS990ScheduleD/LandGrp/BookValueAmt0480601
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0480601
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt085640
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt085640
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0220191
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0188669
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0408860
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt090943202
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01426699
IRS990ScheduleD/TotalBookValueSecuritiesAmt07585933
IRS990ScheduleD/TotalLiabilityAmt090943202
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Effective October 1, 2017, Article First of the certificate of organiation of the credit union amended to read as 'Wolverine State Credit Union' (formerly 'Besser Credit Union').
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Credit Union is composed of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Mergers are voted on by entire membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Credit union bylaws, conflict of interest policy, and whistleblower policy are available upon request at the credit union's main office. Quarterly 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 4: Description of Significant Changes to Organizational Documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
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/TotalAssetsBOYAmt0102471911
IRS990/TotalAssetsEOYAmt0103627492
IRS990/TotalAssetsGrp/BOYAmt0102471911
IRS990/TotalAssetsGrp/EOYAmt0103627492
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04732277
IRS990/TotalGrossUBIAmt022070
IRS990/TotalLiabilitiesBOYAmt091692714
IRS990/TotalLiabilitiesEOYAmt091655453
IRS990/TotalLiabilitiesGrp/BOYAmt091692714
IRS990/TotalLiabilitiesGrp/EOYAmt091655453
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010779197
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011972039
IRS990/TotalOtherCompensationAmt023351
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-9829
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt0-9829
IRS990/TotalProgramServiceRevenueAmt04250653
IRS990/TotalReportableCompFromOrgAmt0125187
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05147795
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05169865
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt022070
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0102471911

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$103,627,492
Liabilities
$91,655,453
Net assets
$11,972,039
Revenue
$5,169,865
Expenses
$4,732,277
Net income
$437,588
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$158$144$14.5$8.50$7.52$0.98
2023Detailed filing. Detailed filing data is available for this year.$141$128$12.7$7.26$6.22$1.04
2022Detailed filing. Detailed filing data is available for this year.$144$133$10.8$6.15$5.59$0.56
2021Detailed filing. Detailed filing data is available for this year.$142$129$12.8$5.53$5.00$0.52
2020Detailed filing. Detailed filing data is available for this year.$123$110$12.8$5.05$4.61$0.44
2019Detailed filing. Detailed filing data is available for this year.$104$91.7$12.0$5.17$4.73$0.44
2018Detailed filing. Detailed filing data is available for this year.$102$91.7$10.8$4.65$3.81$0.84
2017Summary only. Only limited summary data is available for this year.$98.3$87.9$10.4$4.33$3.54$0.79
2016Detailed filing. Detailed filing data is available for this year.$70.7$63.5$7.19$2.86$2.39$0.47
2015Detailed filing. Detailed filing data is available for this year.$67.9$60.9$7.00$2.61$2.16$0.45
2014Detailed filing. Detailed filing data is available for this year.$65.3$58.8$6.52$2.52$2.23$0.29
2013Detailed filing. Detailed filing data is available for this year.$63.6$57.7$5.91$2.51$2.18$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.5$57.4$6.05$2.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.7$54.3$5.43$2.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.8$51.5$5.26$2.75