Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2020 • EIN 38-1438667

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

7040 Stadium DriveOshtemo, MI 49077-0525

(269) 345-7804

Siviq Scores

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

Liabilities / Assets

67th percentile

0.91x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • 501(c)14 • $1B+ nonprofits • Source year 2020

Liabilities / Revenue

6th percentile

13.96x

Higher debt load relative to revenue than 6% of similar nonprofits.

2020 filings • 501(c)14 • $1B+ nonprofits • Source year 2020

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)14 • $1B+ nonprofits • Source year 2020

Top Officer Pay

75th percentile

$1,279,361

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2020 filings • 501(c)14 • $1B+ nonprofits • Source year 2020

Asset Growth

53rd percentile

19%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

16%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,476,727,502

Up $234,271,938 (+19%) from 2019

Net Assets

Up

$136,839,902

Up $20,692,824 (+18%) from 2019

Liabilities

Up

$1,339,887,600

Up $213,579,114 (+19%) from 2019

Revenue

Up

$95,997,052

Up $13,570,116 (+16%) from 2019

Expenses

Up

$75,304,228

Up $8,624,803 (+13%) from 2019

Net Income

Up

$20,692,824

Up $4,945,313 (+31%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0B$2.0B$1.0B$0Assets 2010: $352,828,373Liabilities 2010: $321,300,600Net Assets 2010: $31,527,7732010Assets 2011: $364,238,000Liabilities 2011: $330,496,833Net Assets 2011: $33,741,1672011Assets 2012: $430,623,843Liabilities 2012: $388,458,163Net Assets 2012: $42,165,6802012Assets 2013: $502,053,125Liabilities 2013: $453,282,737Net Assets 2013: $48,770,3882013Assets 2014: $587,472,564Liabilities 2014: $530,676,656Net Assets 2014: $56,795,9082014Assets 2015: $676,198,799Liabilities 2015: $610,852,438Net Assets 2015: $65,346,3612015Assets 2016: $809,890,682Liabilities 2016: $734,127,160Net Assets 2016: $75,763,5222016Assets 2017: $934,275,386Liabilities 2017: $846,261,747Net Assets 2017: $88,013,6392017Assets 2018: $1,092,793,146Liabilities 2018: $992,393,579Net Assets 2018: $100,399,5672018Assets 2019: $1,242,455,564Liabilities 2019: $1,126,308,486Net Assets 2019: $116,147,0782019Assets 2020: $1,476,727,502Liabilities 2020: $1,339,887,600Net Assets 2020: $136,839,9022020Assets 2021: $1,803,218,783Liabilities 2021: $1,638,240,761Net Assets 2021: $164,978,0222021Assets 2022: $2,031,988,351Liabilities 2022: $1,843,965,051Net Assets 2022: $188,023,3002022Assets 2023: $2,206,395,595Liabilities 2023: $2,003,843,255Net Assets 2023: $202,552,3402023Assets 2024: $2,421,874,191Liabilities 2024: $2,197,443,226Net Assets 2024: $224,430,9652024

Highlighted filing

2020

Assets$1,476,727,502
Liabilities$1,339,887,600
Net Assets$136,839,902

Operations Trend

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

$200M$150M$100M$50M$0Expenses 2010: $28,816,9582010Expenses 2011: $26,796,3862011Expenses 2012: $23,604,9832012Revenue 2013: $34,536,952Expenses 2013: $27,932,244Net Income 2013: $6,604,7082013Revenue 2014: $37,783,410Expenses 2014: $29,757,890Net Income 2014: $8,025,5202014Revenue 2015: $42,934,409Expenses 2015: $34,383,956Net Income 2015: $8,550,4532015Revenue 2016: $49,668,739Expenses 2016: $39,251,578Net Income 2016: $10,417,1612016Revenue 2017: $56,872,419Expenses 2017: $44,622,302Net Income 2017: $12,250,1172017Revenue 2018: $68,117,784Expenses 2018: $55,731,856Net Income 2018: $12,385,9282018Revenue 2019: $82,426,936Expenses 2019: $66,679,425Net Income 2019: $15,747,5112019Revenue 2020: $95,997,052Expenses 2020: $75,304,228Net Income 2020: $20,692,8242020Revenue 2021: $105,757,638Expenses 2021: $77,619,518Net Income 2021: $28,138,1202021Revenue 2022: $106,396,713Expenses 2022: $83,351,435Net Income 2022: $23,045,2782022Revenue 2023: $132,085,885Expenses 2023: $110,953,066Net Income 2023: $21,132,8192023Revenue 2024: $160,612,923Expenses 2024: $138,734,298Net Income 2024: $21,878,6252024

Highlighted filing

2020

Revenue$95,997,052
Expenses$75,304,228
Net Income$20,692,824
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$96,261,328
Mission and Program Overview

Mission

To provide quality and innovative financial products and services that contribute to the economic and social well-being of our membership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,106,841,020$1,280,252,553▲ $173,411,533
Rtn Earn Endowment Incm Other Fnds$116,147,078$136,839,902▲ $20,692,824
Land, Buildings, and Equipment, Net$72,712,425$81,953,472▲ $9,241,047
Savings and Temporary Cash Investments$17,835,005$57,924,535▲ $40,089,530
Cash and Non-Interest-Bearing Accounts$13,229,821$18,406,693▲ $5,176,872
Investments Other Securities$4,716,704$5,214,600▲ $497,896
Prepaid Expenses and Deferred Charges$1,932,760$1,704,474▼ $228,286
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,242,455,564$1,476,727,502▲ $234,271,938
Other Assets Total$25,187,829$31,271,175▲ $6,083,346
Liabilities
Other Liabilities$1,001,874,603$1,191,122,832▲ $189,248,229
Mortgage Notes Payable Secured by Investment Property$115,000,000$135,000,000▲ $20,000,000
Accounts Payable and Accrued Expenses$7,756,567$11,589,074▲ $3,832,507
Escrow Account Liability$1,677,316$2,175,694▲ $498,378
Total Liabilities$1,126,308,486$1,339,887,600▲ $213,579,114
Net Assets / Fund Balance
Total Net Assets Fund Balance$116,147,078$136,839,902▲ $20,692,824
Total Liabilities and Net Assets / Fund Balance$1,242,455,564$1,476,727,502▲ $234,271,938

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$51,672,734$5,421,489$57,094,223
Equipment$10,711,412$14,375,620$25,087,032
Land$10,395,026-$10,395,026
Other Land Buildings$8,524,736-$8,524,736
Leasehold Improvements$649,564$701,888$1,351,452
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kit SnyderCEOFT$581,400$697,961$1,279,361
Gregg TeegardinMortgage Loan OfficerFT$30,592$540,217$570,809
Heidi BishMortgage Loan OfficerFT$33,366$500,569$533,935
Renee ZiskaMortgage Loan OfficerFT$31,797$391,955$423,752
Steve HowardCFOFT$225,524$181,487$407,011
Scott SylvesterCOOFT$251,751$134,016$385,767
Steve OwensCLOFT$188,881$125,343$314,224
James StephensMortgage Loan OfficerFT$30,853$279,178$310,031
Shawn PremerChroFT$156,145$110,440$266,585
Jeffery VisserCSOFT$133,039$79,729$212,768
Joshua SummerfieldMortgage Sales MgrFT$88,476$122,312$210,788
Lynne Jarman-johnsonCMOFT$123,150$75,134$198,284

Board Members and Trustees

NameTitle
Brent BassettChairperson
Kim ShookVice-chairperson
Jay PrinceDirector
Nancy ThompsonDirector
Nick ZaferDirector
PATRICK O'CONNORSecretary
Kevin McphersonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lennon Miller O'connor & BartoziewiczLegal Services151 S ROSE ST STE 900, Kalamazoo, MI 49007$236,138
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$95,870,656
Investment Income
$126,396
Other Revenue
$0
Change in Net Assets
$20,692,824

Audited Revenue Reconciliation

Revenue per Audited Statements
$95,997,052
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$95,997,052
Total Revenue per Form 990
$95,997,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,399,310
Salaries, Compensation, and Employee Benefits$29,904,918
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$23,601,372
Office Expenses---$5,866,122
Depreciation Depletion---$4,313,367
Interest---$2,652,697
Information Technology---$2,572,088
Occupancy---$2,549,495
Pension Plan Contributions---$2,372,657
Other Employee Benefits---$2,365,252
Other Expenses---$2,010,438
Payroll Taxes---$1,565,637
Advertising---$1,099,234
All Other Expenses---$710,513
Fees for Services Legal---$569,738
Travel---$102,065
Insurance---$73,671
Fees for Services Accounting---$71,322
Conferences and Meetings---$9,147
Total Functional Expenses$0$0$0$75,304,228

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$75,304,228
Total Expenses per Audited Statements$75,304,228
Total Expenses per Form 990$75,304,228
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$1,191,122,832
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Each individual that has an account with the credit union is a member.

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

Each member is allowed to vote for the governing body at the annual meeting.

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

The form 990 will not be provided to the organization's governing body for review prior to filing. Members of management will review the 990 prior to filing.

Form 990, Part VI, Section B, Line 15A

The organization uses independent compensation consultants and compensation surveys to determine compensation of the top management official. Ceo compensation is approved by the board of directors and the compensation committee. All discussions and decisions are documented in the board minutes. The most recent year this process was undertaken was 2020.

Form 990, Part VI, Section C, Line 19

Documents that are open to public inspection are available upon request.

Filing and Contact Details

Filer

Filer Name
Consumers Credit Union
EIN
38-1438667
Phone
2693457804
Address
7040 STADIUM DRIVE, OSHTEMO, MI 49077-0525

Signing Officer

Name
Steve Howard
Title
CFO
Phone
2693457804
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kit Snyder
Formed
1951
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
346
Volunteers
7

Preparer

Firm
Plante & Moran Pllc
Address
750 TRADE CENTRE WAY STE 300, PORTAGE, MI 49002
Preparer
Kenley Penner
Phone
2695674500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Audit oversight process has not changed from the prior year.

FORM 990, PART X, LINE 5 AND SCHEDULE L:

Schedule l is not required for loans receivable balances on form 990, part x, line 5 if the loans are made by the credit union to the directors, officers, and key employees on the same terms offered to other members of the credit union. Therefore, the credit union has included approximately $1,620,000 and $1,520,000 of receivables from current officers, directors, trustees, key employees, and highest compensated employees for 2020 and 2019, respectively, within form 990, part x, line 7.

Financial Statement Notes

PART IV, LINE 2B:

The credit union holds amounts in escrow accounts for real estate taxes and home insurance related to home mortgage loans.

PART X, LINE 2:

The credit union is exempt, by statute, from federal income taxes on income related to the exempt purpose of the credit union. The credit union is a state-chartered credit union described in internal revenue code ("irc") section 501(c)(14). As such, the credit union is exempt from federal taxation of income derived from the performance of activities that are in furtherance of its exempt purposes. However, irc section 511 imposes a tax on the unrelated business income (as defined in section 512) derived by state-chartered credit unions. Many states have similar laws. The specific application of section 512 to the various activities conducted by state-chartered credit unions has been an issue for many years. In 2007, the internal revenue service ("irs") issued a series of technical advice memoranda ("tam") to a number of state-chartered credit unions located throughout the country. In these tams, the irs ruled certain products and services to be subject to taxation as unrelated business income. In light of the tams, the credit union has assessed its activities and any potential federal or state income tax liability. In the opinion of management, any liability arising from federal or state taxation of activities deemed to be unrelated to its exempt purpose is not expected to have a material effect on the credit union's financial position or results of operations.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11224215
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12191503
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13177494
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14558885
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15533561
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16423220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17297858
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18196018
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt9COO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHRO
IRS990/Form990PartVIISectionAGrp/TitleTxt12CSO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CMO
IRS990/Form990PartVIISectionAGrp/TitleTxt14MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MORTGAGE SALES MGR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01951
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-264276
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt096261328
IRS990/GroupExemptionNum01359
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt043
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt02572088
IRS990/InsuranceGrp/TotalAmt073671
IRS990/InterestGrp/TotalAmt02652697
IRS990/InvestmentIncomeGrp/ExclusionAmt0390672
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0390672
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04716704
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05214600
IRS990/IRPDocumentCnt039681
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020498997
IRS990/LandBldgEquipBasisNetGrp/BOYAmt072712425
IRS990/LandBldgEquipBasisNetGrp/EOYAmt081953472
IRS990/LandBldgEquipCostOrOtherBssAmt0102452469
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0264276
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE QUALITY AND INNOVATIVE FINANCIAL PRODUCTS AND SERVICES THAT CONTRIBUTE TO THE ECONOMIC AND SOCIAL WELL-BEING OF OUR MEMBERSHIP.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0115000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0135000000
IRS990/NetAssetsOrFundBalancesBOYAmt0116147078
IRS990/NetAssetsOrFundBalancesEOYAmt0136839902
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-264276
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-264276
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02549495
IRS990/OfficeExpensesGrp/TotalAmt05866122
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025187829
IRS990/OtherAssetsTotalGrp/EOYAmt031271175
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02365252
IRS990/OtherExpensesGrp/Desc0INTEREST AND DIVIDENDS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3AMORTIZATION OF MORTGAG
IRS990/OtherExpensesGrp/TotalAmt011783507
IRS990/OtherExpensesGrp/TotalAmt15605906
IRS990/OtherExpensesGrp/TotalAmt25410000
IRS990/OtherExpensesGrp/TotalAmt32010438
IRS990/OtherLiabilitiesGrp/BOYAmt01001874603
IRS990/OtherLiabilitiesGrp/EOYAmt01191122832
IRS990/OtherSalariesAndWagesGrp/TotalAmt023601372
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01106841020
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01280252553
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01565637
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt02372657
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01932760
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01704474
IRS990/PrincipalOfficerNm0KIT SNYDER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEES AND OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SALE OF LOANS
IRS990/ProgramServiceRevenueGrp/Desc3INSURANCE COMMISSIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt056151999
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128846331
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210500038
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt056151999
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129210166
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210500038
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38453
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0363835
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt18453
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01024668
IRS990/PYOtherExpensesAmt041344903
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt081402268
IRS990/PYRevenuesLessExpensesAmt015747511
IRS990/PYSalariesCompEmpBnftPaidAmt025334522
IRS990/PYTotalExpensesAmt066679425
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt082426936
IRS990/ReconcilationRevenueExpnssAmt020692824
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0116147078
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0136839902
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017835005
IRS990/SavingsAndTempCashInvstGrp/EOYAmt057924535
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt051672734
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05421489
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt057094223
IRS990ScheduleD/EquipmentGrp/BookValueAmt010711412
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014375620
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025087032
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt075304228
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt010395026
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010395026
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0649564
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0701888
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01351452
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08524736
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08524736
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01191122832
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt095997052
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HOLDS AMOUNTS IN ESCROW ACCOUNTS FOR REAL ESTATE TAXES AND HOME INSURANCE RELATED TO HOME MORTGAGE LOANS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. IN 2007, THE INTERNAL REVENUE SERVICE ("IRS") ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA ("TAM") TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt081953472
IRS990ScheduleD/TotalExpensesPerForm990Amt075304228
IRS990ScheduleD/TotalLiabilityAmt01191122832
IRS990ScheduleD/TotalRevenuePerForm990Amt095997052
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt095997052
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt075304228
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/FirstClassOrCharterTravelInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0581400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt130592
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt233366
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt331797
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4225524
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5251751
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt6188881
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt730853
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt8156145
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt9133039

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,422$2,197$224$161$139$21.9
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,206$2,004$203$132$111$21.1
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,032$1,844$188$106$83.4$23.0
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,803$1,638$165$106$77.6$28.1
2020Detailed filing. Detailed filing data is available for this year.$1,477$1,340$137$96.0$75.3$20.7
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,242$1,126$116$82.4$66.7$15.7
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,093$992$100$68.1$55.7$12.4
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$934$846$88.0$56.9$44.6$12.3
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$810$734$75.8$49.7$39.3$10.4
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$676$611$65.3$42.9$34.4$8.55
2014Detailed filing. Detailed filing data is available for this year.$587$531$56.8$37.8$29.8$8.03
2013Detailed filing. Detailed filing data is available for this year.$502$453$48.8$34.5$27.9$6.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$431$388$42.2$23.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$364$330$33.7$26.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$353$321$31.5$28.8