Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2022 • EIN 38-1514946

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 18, 2023

Organization ProfileWWW.SECURITYCU.ORG

View Organization Page

5255 Security Park BlvdHolly, MI 48442

(810) 235-2322

Siviq Scores

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

Liabilities / Assets

87th percentile

0.93x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

51st percentile

19.93x

Higher debt load relative to revenue than 51% of similar nonprofits.

2022 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2022

Net Margin

36th percentile

15%

Higher net margin than 36% of similar nonprofits.

2022 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

96th percentile

$1,054,006

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2022 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2022

Asset Growth

47th percentile

3.8%

Faster asset growth than 47% of similar nonprofits.

2022 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

5.9%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$624,480,675

Up $22,728,752 (+3.8%) from 2021

Net Assets

Down

$41,003,974

Down $4,832,842 (-11%) from 2021

Liabilities

Up

$583,476,701

Up $27,561,594 (+5.0%) from 2021

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin36th percentile

Revenue

Up

$29,269,007

Up $1,635,637 (+5.9%) from 2021

Expenses

Up

$25,015,361

Up $1,501,104 (+6.4%) from 2021

Net Income

Up

$4,253,646

Up $134,533 (+3.3%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$800M$600M$400M$200M$0Assets 2010: $356,887,242Liabilities 2010: $327,683,982Net Assets 2010: $29,203,2602010Assets 2011: $355,801,669Liabilities 2011: $327,695,726Net Assets 2011: $28,105,9432011Assets 2012: $357,433,050Liabilities 2012: $328,500,108Net Assets 2012: $28,932,9422012Assets 2013: $380,950,718Liabilities 2013: $350,275,460Net Assets 2013: $30,675,2582013Assets 2014: $382,709,524Liabilities 2014: $349,432,077Net Assets 2014: $33,277,4472014Assets 2015: $406,245,681Liabilities 2015: $370,909,335Net Assets 2015: $35,336,3462015Assets 2016: $411,269,952Liabilities 2016: $375,210,547Net Assets 2016: $36,059,4052016Assets 2017: $415,381,893Liabilities 2017: $378,298,194Net Assets 2017: $37,083,6992017Assets 2018: $420,236,602Liabilities 2018: $383,170,975Net Assets 2018: $37,065,6272018Assets 2019: $445,821,034Liabilities 2019: $405,565,254Net Assets 2019: $40,255,7802019Assets 2020: $541,296,388Liabilities 2020: $497,746,620Net Assets 2020: $43,549,7682020Assets 2021: $601,751,923Liabilities 2021: $555,915,107Net Assets 2021: $45,836,8162021Assets 2022: $624,480,675Liabilities 2022: $583,476,701Net Assets 2022: $41,003,9742022Assets 2023: $638,584,325Liabilities 2023: $593,869,029Net Assets 2023: $44,715,2962023Assets 2024: $637,849,652Liabilities 2024: $587,356,323Net Assets 2024: $50,493,3292024

Highlighted filing

2022

Assets$624,480,675
Liabilities$583,476,701
Net Assets$41,003,974
Open 2022 Filing

Operations Trend

Revenue Growth27th percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $24,204,0052010Revenue 2011: $19,296,389Expenses 2011: $20,393,706Net Income 2011: -$1,097,3172011Expenses 2012: $17,757,9442012Revenue 2013: $18,920,270Expenses 2013: $17,180,195Net Income 2013: $1,740,0752013Revenue 2014: $18,384,437Expenses 2014: $16,830,092Net Income 2014: $1,554,3452014Revenue 2015: $19,285,252Expenses 2015: $17,223,970Net Income 2015: $2,061,2822015Revenue 2016: $21,196,644Expenses 2016: $19,724,989Net Income 2016: $1,471,6552016Revenue 2017: $22,586,424Expenses 2017: $21,781,938Net Income 2017: $804,4862017Revenue 2018: $23,588,396Expenses 2018: $22,352,754Net Income 2018: $1,235,6422018Revenue 2019: $26,163,596Expenses 2019: $24,229,303Net Income 2019: $1,934,2932019Revenue 2020: $27,011,920Expenses 2020: $25,008,443Net Income 2020: $2,003,4772020Revenue 2021: $27,633,370Expenses 2021: $23,514,257Net Income 2021: $4,119,1132021Revenue 2022: $29,269,007Expenses 2022: $25,015,361Net Income 2022: $4,253,6462022Revenue 2023: $35,342,586Expenses 2023: $32,208,152Net Income 2023: $3,134,4342023Revenue 2024: $40,160,457Expenses 2024: $36,856,950Net Income 2024: $3,303,5072024

Highlighted filing

2022

Revenue$29,269,007
Expenses$25,015,361
Net Income$4,253,646
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 18, 2023
Return Version
2022v5.0
Gross Receipts
$31,630,649
Mission and Program Overview

Mission

We are our members' trusted, secure financial cooperative dedicated to providing exceptional value, personalized service, and convenience.

We are our members' trusted, secured financial cooperative dedicated to providing exceptional value, personalized service, and convenience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$382,069,111$462,236,792▲ $80,167,681
Investments in Publicly Traded Securities$53,735,003$49,018,414▼ $4,716,589
Investments Other Securities$56,917,834$45,480,582▼ $11,437,252
Rtn Earn Endowment Incm Other Fnds$45,836,816$41,003,974▼ $4,832,842
Land, Buildings, and Equipment, Net$26,243,976$26,899,143▲ $655,167
Cash and Non-Interest-Bearing Accounts$47,494,311$14,530,509▼ $32,963,802
Savings and Temporary Cash Investments$13,821,898$5,780,460▼ $8,041,438
Investments Program Related$5,227,197$5,335,754▲ $108,557
Accounts Receivable$1,368,130$1,318,994▼ $49,136
Prepaid Expenses and Deferred Charges$1,168,079$1,163,894▼ $4,185
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$601,751,923$624,480,675▲ $22,728,752
Other Assets Total$13,706,384$12,716,133▼ $990,251
Liabilities
Other Liabilities$548,444,496$534,968,226▼ $13,476,270
Accounts Payable and Accrued Expenses$7,470,611$48,508,475▲ $41,037,864
Total Liabilities$555,915,107$583,476,701▲ $27,561,594
Net Assets / Fund Balance
Total Net Assets Fund Balance$45,836,816$41,003,974▼ $4,832,842
Total Liabilities and Net Assets / Fund Balance$601,751,923$624,480,675▲ $22,728,752

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,950,029$6,139,212$19,089,241
Equipment$3,276,486$10,150,321$13,426,807
Land$8,664,603-$8,664,603
Leasehold Improvements$1,121,638$2,264,882$3,386,520
Other Land Buildings$886,387$91,839$978,226
Other Securities$1,867,500--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher EstesPresident and CEOFT$365,558$688,448$1,054,006
Jay YaxSVP Operations and COOFT$162,363$101,409$263,772
Heidi SchwarzVP of AccountingFT$122,977$83,987$206,964
Scott KnopfVP of Lending/loss PreventFT$122,665$53,653$176,318
Joseph ReganVP of ItFT$122,586$51,433$174,019
Amanda SherwoodVP HrFT$111,738$49,253$160,991
William HerronEmployeeFT$111,261$32,792$144,053
Katie KraneVP Sales & ServiceFT$104,954$28,983$133,937

Board Members and Trustees

NameTitle
John TruchanChairman
Joseph Niedzwiecki1st Vice Chairman
Donald Henry2nd Vice Chairman
Don SorensenDirector
Jessie CollinsDirector
Richard HazelSecretary
Phil ThickTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jack HenryElectronic Processing ServicesPO BOX 609, Monett, MO 65708$1,589,996
Informa Business SystemsAtm Processing And Maintenance5170 HARTSHORN DR, Flushing, MI 48443$652,342
US Signal Co LLCTelephone Service Provider201 IONIA AVE SW, Grand Rapids, MI 49503$463,857
Harmon Management LLCConsulting417 COPPERSMITH DR, Mason, MI 48854$430,545
Credit Union National AssociationTrade AssociationPO BOX 78546, Milwaukee, WI 53278$329,462
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$27,365,054
Investment Income
$1,903,953
Other Revenue
$0
Change in Net Assets
$4,253,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,721,590
Salaries, Compensation, and Employee Benefits$10,293,771
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,903,928
Office Expenses---$4,064,644
Occupancy---$3,410,356
Current Officers, Directors, Trustees, and Key Employees---$1,875,080
Other Employee Benefits---$1,670,613
Advertising---$821,313
Interest---$681,187
Information Technology---$646,861
Payroll Taxes---$578,387
Insurance---$295,724
Pension Plan Contributions---$265,763
Travel---$172,368
Other Expenses---$103,143
Fees for Services Accounting---$77,417
Fees for Services Other---$70,129
Conferences and Meetings---$56,462
Fees for Services Legal---$24,738
Total Functional Expenses$0$0$0$25,015,361
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 Shares and Deposits$534,968,226
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
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, Section A, Line 4

“Bylaws changed to move date of annual meeting.”

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 elect members of the governing body each year at the annual meeting. Board of directors members are elected for three year terms.”

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

“Decisions of the governing body that are subject to membership approval are mergers into another institution and charter changes.”

Form 990, Part VI, Section A, Line 8B

“The organization has no committees.”

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

“A review is completed by the vp of accounting prior to submission to the irs.”

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

“Upon election or appointment, the board of directors sign an oath of office that includes a conlict of interest statement. Management signs a conflict of interest policy annually and is reviewed by the president/ceo.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews the president/ceo performance and approves compensation. This is documented in the minutes and credit union executive society (cues), as well as the national association of credit union chairmen ceo salary survey. The president/ceo reviews all executive compensation using the credit union executive society (cues) guide and documentation is retained in their personnel files.”

Form 990, Part VI, Section C, Line 19

“The financial statements are posted in the lobby of each office. Other documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Security Credit Union
EIN
38-1514946
Phone
8102352322
Address
5255 SECURITY PARK BLVD, HOLLY, MI 48442

Signing Officer

Name
Heidi Schwarz
Title
VP of Accounting
Phone
8102352322
Signed
2023-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Estes
Formed
1955
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
177
Volunteers
7

Preparer

Firm
Rehmann Robson LLC
Address
PO BOX 2025, SAGINAW, MI 48605-2025
Preparer
Jeffrey E Hert CPA
Phone
9897999580
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in unrecognized retirement costs 146,112.”

Form 990, Part XII, Line 2C

“The process for oversight of the audit has not changed from prior years.”

Financial Statement Notes

PART X, LINE 2:

“The credit union is exempt, by statute (irc section 501(c)(14)), from federal and state income taxes.”

Raw XML AppendixShowing 400 of 605 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/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9183785
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12121326
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14111261
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP OF ACCOUNTING
IRS990/Form990PartVIISectionAGrp/TitleTxt9SVP OPERATIONS AND COO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF IT
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP OF LENDING/LOSS PREVENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP HR
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP SALES & SERVICE
IRS990/Form990PartVIISectionAGrp/TitleTxt14EMPLOYEE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0129024
IRS990/GainOrLossGrp/SecuritiesAmt0-85779
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0708696
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01696191
IRS990/GrossReceiptsAmt031630649
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt08
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InsuranceGrp/TotalAmt0295724
IRS990/InterestGrp/TotalAmt0681187
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01860708
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt045480582
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt05335754
IRS990/InvestmentsPubTradedSecGrp/BOYAmt053735003
IRS990/InvestmentsPubTradedSecGrp/EOYAmt049018414
IRS990/IRPDocumentCnt04033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018646254
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026243976
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026899143
IRS990/LandBldgEquipCostOrOtherBssAmt045545397
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0579672
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01781970
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE ARE OUR MEMBERS' TRUSTED, SECURED FINANCIAL COOPERATIVE DEDICATED TO PROVIDING EXCEPTIONAL VALUE, PERSONALIZED SERVICE, AND CONVENIENCE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt045836816
IRS990/NetAssetsOrFundBalancesEOYAmt041003974
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt043245
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt043245
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-9232600
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt03410356
IRS990/OfficeExpensesGrp/TotalAmt04064644
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013706384
IRS990/OtherAssetsTotalGrp/EOYAmt012716133
IRS990/OtherChangesInNetAssetsAmt0146112
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01670613
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3OPERATING FEE
IRS990/OtherExpensesGrp/TotalAmt02264077
IRS990/OtherExpensesGrp/TotalAmt11408347
IRS990/OtherExpensesGrp/TotalAmt2624824
IRS990/OtherExpensesGrp/TotalAmt3103143
IRS990/OtherLiabilitiesGrp/BOYAmt0548444496
IRS990/OtherLiabilitiesGrp/EOYAmt0534968226
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherSalariesAndWagesGrp/TotalAmt05903928
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0382069111
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0462236792
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0578387
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0265763
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01168079
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01163894
IRS990/PrincipalOfficerNm0CHRISTOPHER ESTES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE AND OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2NON-MEMBER INSURANCE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3NON-MEMBER ATM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019896190
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17255090
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019896190
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17255090
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2131530
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt382244
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0131530
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt182244
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE LOANS INCLUDING VEHICLE, BUSINESS, FIRST MORTGAGE, HOME EQUITY, LINE OF CREDIT, AND UNSECURED LOANS.
IRS990/ProgSrvcAccomActy3Grp/Desc0OFFER AUTOMATED TELLER MACHINES, WIRE TRANSFERS, MONEY ORDERS, HOME BANKING, MOBILE BANKING, AND VARIOUS INSURANCE PROGRAMS.
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IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01638734
IRS990/PYOtherExpensesAmt013910826
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt025994636
IRS990/PYRevenuesLessExpensesAmt04119113
IRS990/PYSalariesCompEmpBnftPaidAmt09603431
IRS990/PYTotalExpensesAmt023514257
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt027633370
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04253646
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt045836816
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt041003974
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013821898
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05780460
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt06139212
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019089241
IRS990ScheduleD/EquipmentGrp/BookValueAmt03276486
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010150321
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013426807
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt08664603
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08664603
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01121638
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02264882
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03386520
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0886387
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt091839
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0978226
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0534968226
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARES AND DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt043003082
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1610000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21867500
IRS990ScheduleD/OtherSecuritiesGrp/Desc0AFS SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2FED HOME LOAN BANK STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT, BY STATUTE (IRC SECTION 501(C)(14)), FROM FEDERAL AND STATE INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueSecuritiesAmt045480582
IRS990ScheduleD/TotalLiabilityAmt0534968226
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1162363
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2122977

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$624,480,675
Liabilities
$583,476,701
Net assets
$41,003,974
Revenue
$29,269,007
Expenses
$25,015,361
Net income
$4,253,646
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$638$587$50.5$40.2$36.9$3.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$639$594$44.7$35.3$32.2$3.13
2022Detailed filing. Detailed filing data is available for this year.$624$583$41.0$29.3$25.0$4.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$602$556$45.8$27.6$23.5$4.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$541$498$43.5$27.0$25.0$2.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$446$406$40.3$26.2$24.2$1.93
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$420$383$37.1$23.6$22.4$1.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$415$378$37.1$22.6$21.8$0.80
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$411$375$36.1$21.2$19.7$1.47
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$406$371$35.3$19.3$17.2$2.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$383$349$33.3$18.4$16.8$1.55
2013Detailed filing. Detailed filing data is available for this year.$381$350$30.7$18.9$17.2$1.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$357$329$28.9$17.8
2011Summary only. Only limited summary data is available for this year.$356$328$28.1$19.3$20.4$1.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$357$328$29.2$24.2