Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2017 • EIN 38-1439120

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 24, 2018

Organization ProfileWWW.MYFPCU.COM

View Organization Page

PO Box 7006Flint, MI 48507

(810) 244-2200

Siviq Scores

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

Liabilities / Assets

20th percentile

0.86x

Higher debt load relative to assets than 20% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

20th percentile

14.74x

Higher debt load relative to revenue than 20% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Net Margin

32nd percentile

9.6%

Higher net margin than 32% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

46th percentile

$386,554

Higher top officer pay than 46% of similar nonprofits.

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

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Asset Growth

36th percentile

3.8%

Faster asset growth than 36% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

7.2%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$520,484,816

Up $19,159,661 (+3.8%) from 2016

Net Assets

Up

$71,044,400

Up $3,122,926 (+4.6%) from 2016

Liabilities

Up

$449,440,416

Up $16,036,735 (+3.7%) from 2016

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin32nd percentile

Revenue

Up

$30,494,087

Up $2,041,808 (+7.2%) from 2016

Expenses

Up

$27,556,600

Up $2,013,465 (+7.9%) from 2016

Net Income

Up

$2,937,487

Up $28,343 (+1.0%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$1.5B$1.0B$500M$0Assets 2014: $425,714,720Liabilities 2014: $363,385,606Net Assets 2014: $62,329,1142014Assets 2015: $458,808,831Liabilities 2015: $393,047,173Net Assets 2015: $65,761,6582015Assets 2016: $501,325,155Liabilities 2016: $433,403,681Net Assets 2016: $67,921,4742016Assets 2017: $520,484,816Liabilities 2017: $449,440,416Net Assets 2017: $71,044,4002017Assets 2018: $536,761,945Liabilities 2018: $463,350,127Net Assets 2018: $73,411,8182018Assets 2019: $569,725,643Liabilities 2019: $491,053,011Net Assets 2019: $78,672,6322019Assets 2020: $699,057,295Liabilities 2020: $614,410,959Net Assets 2020: $84,646,3362020Assets 2021: $802,734,792Liabilities 2021: $714,462,500Net Assets 2021: $88,272,2922021Assets 2022: $1,232,513,294Liabilities 2022: $1,101,199,184Net Assets 2022: $131,314,1102022Assets 2023: $1,286,739,109Liabilities 2023: $1,142,750,941Net Assets 2023: $143,988,1682023Assets 2024: $1,407,340,183Liabilities 2024: $1,245,897,269Net Assets 2024: $161,442,9142024

Highlighted filing

2017

Assets$520,484,816
Liabilities$449,440,416
Net Assets$71,044,400
Open 2017 Filing

Operations Trend

Revenue Growth39th percentile

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

$100M$50M$0Revenue 2014: $25,919,674Expenses 2014: $22,209,158Net Income 2014: $3,710,5162014Revenue 2015: $25,539,623Expenses 2015: $22,288,261Net Income 2015: $3,251,3622015Revenue 2016: $28,452,279Expenses 2016: $25,543,135Net Income 2016: $2,909,1442016Revenue 2017: $30,494,087Expenses 2017: $27,556,600Net Income 2017: $2,937,4872017Revenue 2018: $30,711,530Expenses 2018: $27,594,834Net Income 2018: $3,116,6962018Revenue 2019: $30,884,823Expenses 2019: $28,489,936Net Income 2019: $2,394,8872019Revenue 2020: $31,034,404Expenses 2020: $29,302,449Net Income 2020: $1,731,9552020Revenue 2021: $36,611,617Expenses 2021: $27,921,900Net Income 2021: $8,689,7172021Revenue 2022: $49,966,116Expenses 2022: $42,573,487Net Income 2022: $7,392,6292022Revenue 2023: $76,218,408Expenses 2023: $66,749,529Net Income 2023: $9,468,8792023Revenue 2024: $90,271,577Expenses 2024: $78,263,421Net Income 2024: $12,008,1562024

Highlighted filing

2017

Revenue$30,494,087
Expenses$27,556,600
Net Income$2,937,487
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 24, 2018
Return Version
2017v2.3
Gross Receipts
$62,592,046
Mission and Program Overview

Mission

Commitment to enhancing the financial well-being of our members! Passion for service! Dedication to enriching the communities we serve!

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$362,202,274$374,882,751▲ $12,680,477
Investments in Publicly Traded Securities$102,312,626$86,371,699▼ $15,940,927
Rtn Earn Endowment Incm Other Fnds$67,921,474$71,044,400▲ $3,122,926
Investments Other Securities$1,333,734$20,204,875▲ $18,871,141
Cash and Non-Interest-Bearing Accounts$12,163,179$15,711,980▲ $3,548,801
Land, Buildings, and Equipment, Net$13,701,468$13,488,034▼ $213,434
Prepaid Expenses and Deferred Charges$854,837$970,404▲ $115,567
Accounts Receivable$357,242$319,415▼ $37,827
Inventories for Sale or Use$105,814$35,324▼ $70,490
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$501,325,155$520,484,816▲ $19,159,661
Other Assets Total$8,293,981$8,500,334▲ $206,353
Liabilities
Other Liabilities$421,377,380$447,457,601▲ $26,080,221
Mortgage Notes Payable Secured by Investment Property$10,000,000$0▼ $10,000,000
Accounts Payable and Accrued Expenses$1,833,801$1,825,315▼ $8,486
Deferred Revenue$192,500$157,500▼ $35,000
Total Liabilities$433,403,681$449,440,416▲ $16,036,735
Net Assets / Fund Balance
Total Net Assets Fund Balance$67,921,474$71,044,400▲ $3,122,926
Total Liabilities and Net Assets / Fund Balance$501,325,155$520,484,816▲ $19,159,661

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,445,317$7,171,128$15,616,445
Equipment$1,373,304$6,525,082$7,898,386
Land$3,656,242-$3,656,242
Other Land Buildings$13,171-$13,171
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marilyn RenoPresident & CEOFT$337,863$48,691$386,554
Olga LongSenior Vice PresidentFT$156,200$33,155$189,355
Nathan OrangeDirector of Commercial LenFT$142,359$31,527$173,886
Deanna WallaceVP of Hr & Retail OperatioFT$142,201$28,793$170,994
Wade DeckerCFOFT$138,477$31,098$169,575
Susan HankinsVP of It & OperationsFT$122,392$26,724$149,116
Michael FurstVP of Lending & CollectionFT$110,934$12,333$123,267

Board Members and Trustees

NameTitle
Steven SchlictAudit Chairman
Ron JannssonChairman
Barney HennessyVice Chairman
Muriel SamuelsAdvisory Board
Kirk RheaumeDirector
Larry CampbellDirector
William TynesDirector
Charles CottermanAudit Committee
Kim JonesSecretary
Diana WebbTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Member Driven TechnologiesCore System Service Provider100 GALLERIA OFFICENTRE, Southfield, MI 48034$1,403,923
Cu Cooperative SystemsCredit, Debit & Atm Services9692 HAVEN AVENUE, Rancho Cucamonga, CA 91730$554,530
Dei IncorporatedBuilding Remodel1550 KEMPER MEADOW DRIVE, Cincinnati, OH 45240$406,091
The Fp Horak CompanyMarketing Services401 SAGINAW ST, Bay City, MI 48707$318,461
Visa USA INCCard ServicesPO BOX 742233, Los Angeles, CA 90074-2233$302,582
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$28,776,165
Investment Income
$1,715,044
Other Revenue
$2,878
Change in Net Assets
$2,937,487

Audited Revenue Reconciliation

Revenue per Audited Statements
$30,494,087
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,524
Total Revenue per Audited Statements
$30,496,611
Total Revenue per Form 990
$30,494,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,654,540
Salaries, Compensation, and Employee Benefits$10,902,060
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$6,779,185
Office Expenses---$2,431,014
Interest---$1,566,346
Other Employee Benefits---$1,430,605
Information Technology---$1,371,126
Current Officers, Directors, Trustees, and Key Employees---$1,362,747
Advertising---$1,253,055
Depreciation Depletion---$1,156,528
Payroll Taxes---$676,369
Pension Plan Contributions---$653,154
Other Expenses---$629,095
Occupancy---$395,790
Fees for Services Other---$258,830
All Other Expenses---$192,412
Fees for Services Management---$146,346
Fees for Services Accounting---$120,353
Conferences and Meetings---$65,052
Travel---$53,196
Fees for Service Investment Mgmnt Fees---$38,445
Fees for Services Legal---$36,042
Total Functional Expenses$0$0$0$27,556,600

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$27,559,124
Expenses per Audited Statements$27,556,600
Total Expenses per Form 990$27,556,600
Expenses Not Reported on Form 990$2,524
Expenses Not Reported on Financial Statements$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
MEMBERS' ACCOUNTS$443,688,250
Other Liabilities$2,801,846
Accrued Payroll Liabilities$967,505
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 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
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, Section A, Line 6

“The credit union has a single class of members with equal rights of ownership, governance and voting.”

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

“Members vote on bylaws and charter changes. Members elect and vote on board members at annual meeting. Mergers are voted on by the entire membership.”

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

“Members vote on bylaws and charter changes. Members elect and vote on board members at annual meeting. Mergers are voted on by the entire membership.”

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

“The chief financial officer will review the 990 with the board prior to submission.”

Form 990, Part VI, Section B, Line 12C

“Conflicts of interest are required to be disclosed by members. Related parties are reviewed on a quarterly basis.”

Form 990, Part VI, Section B, Line 15

“Comparable industry compensaton data is obtained from a third party provider and reviewed by the board.”

Form 990, Part VI, Section C, Line 19

“Governing documents and the conflict of interest policy is available upon request. The condensed financial statement is posted at each of the branches monthly.”

Filing and Contact Details

Filer

Filer Name
Financial Plus Credit Union
EIN
38-1439120
Phone
8102442200
Address
PO BOX 7006, FLINT, MI 48507

Signing Officer

Name
Wade Decker
Title
Chief Financial Officer
Phone
8102442927
Signed
2018-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wade Decker
Formed
1952
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
208
Volunteers
12

Preparer

Firm
Rehmann Robson LLC
Address
224 E LARKIN ST STE 100, MIDLAND, MI 48640
Preparer
Jeffrey E Hert CPA
Phone
9896313131
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Liability adj. On post-retirement health care 55,033. Reclassification adjustment 3,023.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The credit union has evaluated its income tax filing positions for the years 2014 through 2017, the years which remain subject to examination by major tax jurisdictions as of december 31, 2017. The credit union concluded that there are no significant uncertain tax positions requiring recognition in the credit union's financial statements. The credit union does not expect the total amount of unrecognized tax benefits ("utb") (e.g., tax deductions, exclusions, or credits claimed or expected to be claimed) to significantly change in the next 12 months. The credit union does not have any amounts accrued for interest and penalties related to utbs at december 31, 2017 and 2016, and it is not aware of any claims for such amounts by federal or state income tax authorities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Loss on sale of assets/inventory 2,524.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on sale of assets/inventory 2,524.”

Raw XML AppendixShowing 400 of 600 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/PersonNm4KIRK RHEAUME
IRS990/Form990PartVIISectionAGrp/PersonNm5DIANA WEBB
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVEN SCHLICT
IRS990/Form990PartVIISectionAGrp/PersonNm7CHARLES COTTERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8MURIEL SAMUELS
IRS990/Form990PartVIISectionAGrp/PersonNm9LARRY CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm10MARILYN RENO
IRS990/Form990PartVIISectionAGrp/PersonNm11OLGA LONG
IRS990/Form990PartVIISectionAGrp/PersonNm12DEANNA WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm13SUSAN HANKINS
IRS990/Form990PartVIISectionAGrp/PersonNm14MICHAEL FURST
IRS990/Form990PartVIISectionAGrp/PersonNm15WADE DECKER
IRS990/Form990PartVIISectionAGrp/PersonNm16NATHAN ORANGE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10337863
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11156200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12142201
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13122392
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14110934
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15138477
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16142359
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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6AUDIT CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7AUDIT COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8ADVISORY BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF HR & RETAIL OPERATIO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF IT & OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF LENDING & COLLECTION
IRS990/Form990PartVIISectionAGrp/TitleTxt15CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF COMMERCIAL LEN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01952
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0499
IRS990/GainOrLossGrp/SecuritiesAmt0-3023
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0500
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt031983192
IRS990/GrossReceiptsAmt062592046
IRS990/GrossSalesOfInventoryAmt0114621
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01371126
IRS990/InterestGrp/TotalAmt01566346
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0105814
IRS990/InventoriesForSaleOrUseGrp/EOYAmt035324
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01717568
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01717568
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01333734
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt020204875
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0102312626
IRS990/InvestmentsPubTradedSecGrp/EOYAmt086371699
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt013696210
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013701468
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013488034
IRS990/LandBldgEquipCostOrOtherBssAmt027184244
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt031986215
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0COMMITMENT TO ENHANCING THE FINANCIAL WELL-BEING OF OUR MEMBERS! PASSION FOR SERVICE! DEDICATION TO ENRICHING THE COMMUNITIES WE SERVE!
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt067921474
IRS990/NetAssetsOrFundBalancesEOYAmt071044400
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-2524
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2524
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02878
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt02878
IRS990/NetUnrelatedBusTxblIncmAmt0-68646
IRS990/NetUnrlzdGainsLossesInvstAmt0127383
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0395790
IRS990/OfficeExpensesGrp/TotalAmt02431014
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08293981
IRS990/OtherAssetsTotalGrp/EOYAmt08500334
IRS990/OtherChangesInNetAssetsAmt058056
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01430605
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING
IRS990/OtherExpensesGrp/Desc2CREDIT CARD EXPENSES
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/TotalAmt04976691
IRS990/OtherExpensesGrp/TotalAmt11111894
IRS990/OtherExpensesGrp/TotalAmt2852325
IRS990/OtherExpensesGrp/TotalAmt3629095
IRS990/OtherLiabilitiesGrp/BOYAmt0421377380
IRS990/OtherLiabilitiesGrp/EOYAmt0447457601
IRS990/OtherSalariesAndWagesGrp/TotalAmt06779185
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0362202274
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0374882751
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0676369
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0653154
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0854837
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0970404
IRS990/PrincipalOfficerNm0WADE DECKER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1FEES & OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018053061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110579079
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018053061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110723104
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0144025
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01696752
IRS990/PYOtherExpensesAmt015334130
IRS990/PYOtherRevenueAmt0-28404
IRS990/PYProgramServiceRevenueAmt026783931
IRS990/PYRevenuesLessExpensesAmt02909144
IRS990/PYSalariesCompEmpBnftPaidAmt010209005
IRS990/PYTotalExpensesAmt025543135
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt028452279
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02937487
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt030350062
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt067921474
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt071044400
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08445317
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07171128
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015616445
IRS990ScheduleD/EquipmentGrp/BookValueAmt01373304
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06525082
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07898386
IRS990ScheduleD/ExpensesNotReportedAmt02524
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt027556600
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03656242
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03656242
IRS990ScheduleD/OtherExpensesIncludedAmt02524
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013171
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013171
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0967505
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1443688250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22801846
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEMBERS' ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/OtherRevenueAmt02524
IRS990ScheduleD/RevenueNotReportedAmt02524
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt030494087
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR THE YEARS 2014 THROUGH 2017, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2017. THE CREDIT UNION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CREDIT UNION'S FINANCIAL STATEMENTS. THE CREDIT UNION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE CREDIT UNION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2017 AND 2016, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE OF ASSETS/INVENTORY 2,524.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON SALE OF ASSETS/INVENTORY 2,524.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$520,484,816
Liabilities
$449,440,416
Net assets
$71,044,400
Revenue
$30,494,087
Expenses
$27,556,600
Net income
$2,937,487
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,407$1,246$161$90.3$78.3$12.0
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,287$1,143$144$76.2$66.7$9.47
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,233$1,101$131$50.0$42.6$7.39
2021Detailed filing. Detailed filing data is available for this year.$803$714$88.3$36.6$27.9$8.69
2020Detailed filing. Detailed filing data is available for this year.$699$614$84.6$31.0$29.3$1.73
2019Detailed filing. Detailed filing data is available for this year.$570$491$78.7$30.9$28.5$2.39
2018Detailed filing. Detailed filing data is available for this year.$537$463$73.4$30.7$27.6$3.12
2017Detailed filing. Detailed filing data is available for this year.$520$449$71.0$30.5$27.6$2.94
2016Detailed filing. Detailed filing data is available for this year.$501$433$67.9$28.5$25.5$2.91
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$459$393$65.8$25.5$22.3$3.25
2014Detailed filing. Detailed filing data is available for this year.$426$363$62.3$25.9$22.2$3.71