Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2019 • EIN 38-1543701

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 10, 2020

Organization ProfileWWW.KALSEE.COM
2501 MillcorkKalamazoo, MI 49001

(269) 382-7800

Siviq Scores

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

Liabilities / Assets

47th percentile

0.89x

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

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

Liabilities / Revenue

23rd percentile

13.66x

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

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

Net Margin

27th percentile

8.3%

Higher net margin than 27% of similar nonprofits.

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

Top Officer Pay

58th percentile

$224,980

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

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

Asset Growth

38th percentile

2.9%

Faster asset growth than 38% of similar nonprofits.

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

Revenue Growth

15th percentile

2.7%

Faster revenue growth than 15% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$191,496,362

Up $5,464,726 (+2.9%) from 2018

Net Assets

Up

$21,962,180

Up $1,139,826 (+5.5%) from 2018

Liabilities

Up

$169,534,182

Up $4,324,900 (+2.6%) from 2018

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin27th percentile

Revenue

Up

$12,410,914

Up $321,118 (+2.7%) from 2018

Expenses

Up

$11,379,048

Up $887,540 (+8.5%) from 2018

Net Income

Down

$1,031,866

Down $566,422 (-35%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$300M$200M$100M$0Assets 2010: $118,159,760Liabilities 2010: $103,695,230Net Assets 2010: $14,464,5302010Assets 2011: $129,105,055Liabilities 2011: $114,160,563Net Assets 2011: $14,944,4922011Assets 2012: $135,589,233Liabilities 2012: $119,375,049Net Assets 2012: $16,214,1842012Assets 2013: $141,888,092Liabilities 2013: $125,921,829Net Assets 2013: $15,966,2632013Assets 2014: $146,568,018Liabilities 2014: $129,664,128Net Assets 2014: $16,903,8902014Assets 2015: $163,458,448Liabilities 2015: $145,437,515Net Assets 2015: $18,020,9332015Assets 2016: $167,146,802Liabilities 2016: $149,183,331Net Assets 2016: $17,963,4712016Assets 2017: $176,318,387Liabilities 2017: $156,978,932Net Assets 2017: $19,339,4552017Assets 2018: $186,031,636Liabilities 2018: $165,209,282Net Assets 2018: $20,822,3542018Assets 2019: $191,496,362Liabilities 2019: $169,534,182Net Assets 2019: $21,962,1802019Assets 2020: $232,510,221Liabilities 2020: $208,997,578Net Assets 2020: $23,512,6432020Assets 2021: $266,232,925Liabilities 2021: $242,344,344Net Assets 2021: $23,888,5812021Assets 2022: $264,926,490Liabilities 2022: $245,475,651Net Assets 2022: $19,450,8392022Assets 2023: $275,464,551Liabilities 2023: $254,869,621Net Assets 2023: $20,594,9302023Assets 2024: $277,482,700Liabilities 2024: $253,977,278Net Assets 2024: $23,505,4222024

Highlighted filing

2019

Assets$191,496,362
Liabilities$169,534,182
Net Assets$21,962,180
Open 2019 Filing

Operations Trend

Revenue Growth15th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,110,4792010Expenses 2011: $6,909,2382011Expenses 2012: $7,391,2002012Revenue 2013: $8,775,945Expenses 2013: $7,810,120Net Income 2013: $965,8252013Revenue 2014: $8,930,911Expenses 2014: $8,346,841Net Income 2014: $584,0702014Revenue 2015: $9,879,931Expenses 2015: $8,724,900Net Income 2015: $1,155,0312015Revenue 2016: $11,091,664Expenses 2016: $11,296,930Net Income 2016: -$205,2662016Revenue 2017: $11,787,191Expenses 2017: $10,715,405Net Income 2017: $1,071,7862017Revenue 2018: $12,089,796Expenses 2018: $10,491,508Net Income 2018: $1,598,2882018Revenue 2019: $12,410,914Expenses 2019: $11,379,048Net Income 2019: $1,031,8662019Revenue 2020: $12,917,654Expenses 2020: $11,472,354Net Income 2020: $1,445,3002020Revenue 2021: $13,287,278Expenses 2021: $11,991,465Net Income 2021: $1,295,8132021Revenue 2022: $14,420,939Expenses 2022: $12,816,575Net Income 2022: $1,604,3642022Revenue 2023: $17,529,917Expenses 2023: $16,109,936Net Income 2023: $1,419,9812023Revenue 2024: $19,119,292Expenses 2024: $17,884,799Net Income 2024: $1,234,4932024

Highlighted filing

2019

Revenue$12,410,914
Expenses$11,379,048
Net Income$1,031,866
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 10, 2020
Return Version
2019v5.1
Gross Receipts
$12,446,914
Mission and Program Overview

Mission

To provide and promote a wide range of financial services to help our members gain personal financial success.

To provide financial services to member owners with a common bond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$149,415,727$152,891,250▲ $3,475,523
Rtn Earn Endowment Incm Other Fnds$20,822,354$21,962,180▲ $1,139,826
Investments Other Securities$5,455,561$11,384,313▲ $5,928,752
Investments in Publicly Traded Securities$12,176,219$6,342,526▼ $5,833,693
Land, Buildings, and Equipment, Net$6,019,720$6,124,202▲ $104,482
Savings and Temporary Cash Investments$3,098,429$4,343,420▲ $1,244,991
Cash and Non-Interest-Bearing Accounts$2,045,428$1,946,769▼ $98,659
Receivables From Officers Etc$1,513,053$1,533,840▲ $20,787
Accounts Receivable$457,133$999,558▲ $542,425
Prepaid Expenses and Deferred Charges$853,136$742,535▼ $110,601
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$186,031,636$191,496,362▲ $5,464,726
Other Assets Total$4,997,230$5,187,949▲ $190,719
Liabilities
Other Liabilities$156,612,798$167,498,023▲ $10,885,225
Accounts Payable and Accrued Expenses$8,596,484$2,036,159▼ $6,560,325
Total Liabilities$165,209,282$169,534,182▲ $4,324,900
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,822,354$21,962,180▲ $1,139,826
Total Liabilities and Net Assets / Fund Balance$186,031,636$191,496,362▲ $5,464,726

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,702,137$1,925,742$5,627,879
Land$1,853,500-$1,853,500
Equipment$568,565$777,278$1,345,843
Other Securities$10,000,000--
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew LahmanCEOFT$147,918$77,062$224,980
Sheldon FaworskiCOOFT$92,517$61,001$153,518
Amber StevensCFOFT$95,269$56,206$151,475
Richard BakerVP of LendingFT$111,670$11,565$123,235

Board Members and Trustees

NameTitle
David StuutChairman
Joseph MartinVice Chairman
Ben DanielsonBoard Member
Brian SacjettBoard Member
Jodi K MilksBoard Member
Rudy CallenBoard Member
Michelle ShinevareBoard Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
WorldpayAtm/debit Card Processor8500 GOVERNORS HILL DRIVE, Symmes Township, OH 45249$620,846
Cu AnswersCore Data Processor6000 28TH ST SE STE 100, Grand Rapids, MI 49546$458,478
Secant TechnologiesIt Services6395 TECHNOLOGY AVE, Kalamazoo, MI 49009$309,545
PscuCredit/debit Card Processor560 CARILLON PARKWAY, St Petersburg, FL 33716$308,027
FisCredit Card Processing3031 N ROCKY POINT, Tampa, FL 33607$102,143
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,467,198
Investment Income
$664,290
Other Revenue
$279,426
Change in Net Assets
$1,031,866

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,410,914
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$12,410,914
Total Revenue per Form 990
$12,410,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,351,086
Salaries, Compensation, and Employee Benefits$4,027,962
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,514,319
Interest---$1,016,855
Information Technology---$882,202
Other Employee Benefits---$678,375
Office Expenses---$497,224
Current Officers, Directors, Trustees, and Key Employees---$376,455
All Other Expenses---$330,388
Payroll Taxes---$270,788
Advertising---$263,557
Occupancy---$253,103
Other Expenses---$249,575
Fees for Services Other---$231,655
Depreciation Depletion---$206,556
Pension Plan Contributions---$188,025
Fees for Services Accounting---$116,211
Travel---$87,698
Conferences and Meetings---$60,773
Insurance---$46,366
Payments to Affiliates---$20,251
Fees for Services Legal---$5,679
Total Functional Expenses$0$0$0$11,379,048

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,379,048
Total Expenses per Audited Statements$11,379,048
Total Expenses per Form 990$11,379,048
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,513,053$1,533,840▲ $20,787
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$167,498,023
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
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

“Board members are nominated and then elected by mail vote by the membership. Results of the mail vote are announced at the annual meeting. Each board member is elected for a 3 year term.”

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

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”

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

“The form 990 is thoroughly reviewed by the cfo and the ceo prior to filing. A copy is made available to the board of directors for review.”

Form 990, Part VI, Section B, Line 15

“The compensation committee is made up of selected board of directors members, which use compensation surveys to approve compensation for the ceo. The last compensation review was performed in 2019. Key employee compensation is determined by reviews conducted by the ceo and human resources and are approved by the board of directors. The last compensation review was performed in 2019.”

Form 990, Part VI, Section C, Line 19

“Monthly financial statements are posted in the credit union's lobbies. The governing documents and the conflict of interest policy are available upon request at the main office.”

Filing and Contact Details

Filer

Filer Name
Kalsee Credit Union
EIN
38-1543701
Phone
2693827800
Address
2501 MILLCORK, KALAMAZOO, MI 49001

Signing Officer

Name
Matt Lahman
Title
CEO
Phone
2693827800
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Lahman
Formed
1954
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
64
Volunteers
7

Preparer

Firm
Doeren Mayhew
Address
305 WEST BIG BEAVER ROAD, TROY, MI 48084
Preparer
Robert Parks CPA
Phone
2482443000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional expenses 231,655.”

Form 990, Part IX, Line 24E

“Maintenance 213,832. Fraud/forgeries/overdraft losses 47,168. Miscellaneous 46,781. Loss on investments 22,607.”

FORM 990, PART XI, LINE 9:

“Retiree health benefits 158 - oci -23,064. Shared branching settlement -80,753. -”

Form 990, Part XII, Line 2C

“There were no changes in the process of the committee that assumes responsibility of the oversight of the audit and selection of the independent auditor.”

FORM 990, PART XII, LINE 2B:

“Audited financial statements are done on a fiscal year end and tax reporting is required on a calendar year end. There are no revenue or expense items reported in the audited financial statements that are not reported in form 990.”

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 564 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/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9COO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF LENDING
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01954
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt06784
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt042784
IRS990/GrossReceiptsAmt012446914
IRS990/GroupExemptionNum01359
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0882202
IRS990/InsuranceGrp/TotalAmt046366
IRS990/InterestGrp/TotalAmt01016855
IRS990/InvestmentIncomeGrp/ExclusionAmt0657506
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0657506
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt05455561
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt011384313
IRS990/InvestmentsPubTradedSecGrp/BOYAmt012176219
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06342526
IRS990/IRPDocumentCnt04500
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02703020
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06019720
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06124202
IRS990/LandBldgEquipCostOrOtherBssAmt08827222
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt036000
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt02131
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt02131
IRS990/MissionDesc0TO BUILD RELATIONSHIPS AND CULTIVATE FINANCIAL WELLNESS, EMPOWERING PEOPLE TO FOCUS ON WHAT MATTERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt020822354
IRS990/NetAssetsOrFundBalancesEOYAmt021962180
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt06784
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06784
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0211777
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0253103
IRS990/OfficeExpensesGrp/TotalAmt0497224
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04997230
IRS990/OtherAssetsTotalGrp/EOYAmt05187949
IRS990/OtherChangesInNetAssetsAmt0-103817
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0678375
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1ATM EXPENSE
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3VISA/PLASTIC CARD EXPEN
IRS990/OtherExpensesGrp/TotalAmt01232179
IRS990/OtherExpensesGrp/TotalAmt11058485
IRS990/OtherExpensesGrp/TotalAmt2792329
IRS990/OtherExpensesGrp/TotalAmt3249575
IRS990/OtherLiabilitiesGrp/BOYAmt0156612798
IRS990/OtherLiabilitiesGrp/EOYAmt0167498023
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/BusinessCd1524298
IRS990/OtherRevenueMiscGrp/BusinessCd2525990
IRS990/OtherRevenueMiscGrp/Desc0FINANCIAL SERVICES
IRS990/OtherRevenueMiscGrp/Desc1INSURANCE PRODUCTS
IRS990/OtherRevenueMiscGrp/Desc2NON-MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0159247
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1105953
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt212095
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0159247
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1105953
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt212095
IRS990/OtherRevenueTotalAmt0279426
IRS990/OtherSalariesAndWagesGrp/TotalAmt02514319
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0149415727
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0152891250
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt020251
IRS990/PayrollTaxesGrp/TotalAmt0270788
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0188025
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0853136
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0742535
IRS990/PrincipalOfficerNm0MATT LAHMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1FEES/CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07676133
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13791065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07676133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13791065
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE 16,000 MEMBERS WITH CREDIT CARD, VEHICLE, REAL ESTATE, UNSECURED, BUSINESS AND LINE OF CREDIT LOANS.
IRS990/ProgSrvcAccomActy3Grp/Desc0OFFER ATM & DEBIT CARD, CHECK CASHING, WIRE TRANSFER, COURTESY PAY, MONEY ORDERS, CASHIER CHECKS, ELECTRONIC BANKING, FINANCIAL COUNSELING, INVESTMENT AND INSURANCE PROGRAMS TO ALL ELIGIBLE MEMBERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0602606
IRS990/PYOtherExpensesAmt06795754
IRS990/PYOtherRevenueAmt0394239
IRS990/PYProgramServiceRevenueAmt011092951
IRS990/PYRevenuesLessExpensesAmt01598288
IRS990/PYSalariesCompEmpBnftPaidAmt03695754
IRS990/PYTotalExpensesAmt010491508
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012089796
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01513053
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01533840
IRS990/ReconcilationRevenueExpnssAmt01031866
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020822354
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt021962180
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03098429
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04343420
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03702137
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01925742
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05627879
IRS990ScheduleD/EquipmentGrp/BookValueAmt0568565
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0777278
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01345843
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011379048
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01853500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01853500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0167498023
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0479536
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1100000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2498700
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3229200
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt476877
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt510000000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CUSO INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1LONG TERM CDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2ALLOYA PERPETUAL CONTRIBUTION
IRS990ScheduleD/OtherSecuritiesGrp/Desc3FHLB CAPITAL STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc4FHLB CMS ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/Desc5CORPORATE CENTRAL CU LIBOR INV ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt012410914
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/TotalBookValueSecuritiesAmt011384313
IRS990ScheduleD/TotalExpensesPerForm990Amt011379048
IRS990ScheduleD/TotalLiabilityAmt0167498023
IRS990ScheduleD/TotalRevenuePerForm990Amt012410914
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012410914
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011379048
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/DiscretionarySpendingAcctInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt095269
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1147918
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt292517
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount019589
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount140135
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount220040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20

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Filings

Displayed year

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

Open filing
Assets
$191,496,362
Liabilities
$169,534,182
Net assets
$21,962,180
Revenue
$12,410,914
Expenses
$11,379,048
Net income
$1,031,866
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$277$254$23.5$19.1$17.9$1.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$275$255$20.6$17.5$16.1$1.42
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$265$245$19.5$14.4$12.8$1.60
2021Detailed filing. Detailed filing data is available for this year.$266$242$23.9$13.3$12.0$1.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$233$209$23.5$12.9$11.5$1.45
2019Detailed filing. Detailed filing data is available for this year.$191$170$22.0$12.4$11.4$1.03
2018Detailed filing. Detailed filing data is available for this year.$186$165$20.8$12.1$10.5$1.60
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$176$157$19.3$11.8$10.7$1.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$167$149$18.0$11.1$11.3$0.21
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$163$145$18.0$9.88$8.72$1.16
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$147$130$16.9$8.93$8.35$0.58
2013Detailed filing. Detailed filing data is available for this year.$142$126$16.0$8.78$7.81$0.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$136$119$16.2$7.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$114$14.9$6.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$118$104$14.5$7.11