Civic Intelligence

Ukrainian Future Credit Union

EIN 38-1686292 • 501(c)14 • Warren, MI

Profile

To serve the financial needs of our American Ukrainian Members in the expressed motto, "not for profits, not for charity, but for service."

26495 Ryan RoadWarren, MI 48091

www.ukrfutcu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • $1M-$5M nonprofits • Source year 2018

Net Margin

14th percentile

-40%

Higher net margin than 14% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-100%

Faster asset growth than 24% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-39%

Faster revenue growth than 13% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $84,639,351 (-100%) from 2017

Liabilities

Down

$0

Down $73,658,795 (-100%) from 2017

Net Assets

Down

$0

Down $10,980,556 (-100%) from 2017

Revenue

Down

$1,383,094

Down $894,864 (-39%) from 2017

Expenses

Up

$1,939,873

Up $298,901 (+18%) from 2017

Net Income

Down

-$556,779

Down $1,193,765 (-187%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $81,882,435Liabilities 2010: $74,791,099Net Assets 2010: $7,091,3362010Assets 2011: $83,237,154Liabilities 2011: $75,871,901Net Assets 2011: $7,365,2532011Assets 2012: $82,720,875Liabilities 2012: $74,853,956Net Assets 2012: $7,866,9192012Assets 2013: $82,584,727Liabilities 2013: $73,987,025Net Assets 2013: $8,597,7022013Assets 2014: $82,792,471Liabilities 2014: $73,367,680Net Assets 2014: $9,424,7912014Assets 2015: $83,881,941Liabilities 2015: $73,976,931Net Assets 2015: $9,905,0102015Assets 2016: $86,174,786Liabilities 2016: $75,757,526Net Assets 2016: $10,417,2602016Assets 2017: $84,639,351Liabilities 2017: $73,658,795Net Assets 2017: $10,980,5562017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,401,7672010Expenses 2011: $3,115,4222011Expenses 2012: $2,261,6932012Revenue 2013: $2,784,678Expenses 2013: $2,073,822Net Income 2013: $710,8562013Revenue 2014: $2,626,028Expenses 2014: $1,809,992Net Income 2014: $816,0362014Revenue 2015: $2,402,755Expenses 2015: $1,901,242Net Income 2015: $501,5132015Revenue 2016: $2,245,445Expenses 2016: $1,705,294Net Income 2016: $540,1512016Revenue 2017: $2,277,958Expenses 2017: $1,640,972Net Income 2017: $636,9862017Revenue 2018: $1,383,094Expenses 2018: $1,939,873Net Income 2018: -$556,7792018

Highlighted filing

2018

Revenue$1,383,094
Expenses$1,939,873
Net Income-$556,779

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Aug 31, 2018
Signed
Jul 3, 2019
Return Version
2018v3.1
Gross Receipts
$1,390,452
Mission and Program Overview

Mission

To serve the financial needs of our American Ukrainian Members in the expressed motto, "Not for Profit, Not for Charity, but for Service."

To service the financial needs of our american-ukrainian members in the expressed motto, not for profit, not for charity, but for service."

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$40,423,349$0▼ $40,423,349
Other Notes and Loans Receivable, Net$27,450,744$0▼ $27,450,744
Savings and Temporary Cash Investments$13,772,106$0▼ $13,772,106
Rtn Earn Endowment Incm Other Fnds$10,980,556$0▼ $10,980,556
Land, Buildings, and Equipment, Net$878,848$0▼ $878,848
Cash and Non-Interest-Bearing Accounts$645,206$0▼ $645,206
Investments Program Related$403,800$0▼ $403,800
Prepaid Expenses and Deferred Charges$29,683$0▼ $29,683
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$84,639,351$0▼ $84,639,351
Other Assets Total$1,035,615$0▼ $1,035,615
Liabilities
Other Liabilities$73,508,530$0▼ $73,508,530
Accounts Payable and Accrued Expenses$150,265--
Total Liabilities$73,658,795$0▼ $73,658,795
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,980,556$0▼ $10,980,556
Total Liabilities and Net Assets / Fund Balance$84,639,351$0▼ $84,639,351
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew JakymowychCEO/treasurerFT$25,369$7,671$33,040

Board Members and Trustees

NameTitle
Vera KucyjChairperson
Leo MurskyjVice Chairperson
George J TarnavskyDirector
George WoronowyczDirector
Natalia RudnyckyjDirector
Peter WorykDirector
Jennifer ChupaSecretary
Ereney J SzechowyczTreasurer Assistant

Highest Paid Contractors

ContractorServicesLocationCompensation
Finastra USA CorporationNcua Conservatorship Manager2549 LUBERON DR, Henderson, NV 89044$236,250
-Core System Processing Software, OnlinePO BOX 535120, Atlanta, GA 30353$112,036
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$971,074
Investment Income
$402,288
Other Revenue
$9,732
Change in Net Assets
$-556,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,359,742
Salaries, Compensation, and Employee Benefits$580,131
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$378,458
Office Expenses---$319,258
Fees for Services Other---$299,163
Interest---$214,522
Information Technology---$151,613
Other Employee Benefits---$105,367
Occupancy---$85,600
Current Officers, Directors, Trustees, and Key Employees---$33,040
Pension Plan Contributions---$32,853
Payroll Taxes---$30,413
Insurance---$23,110
Advertising---$20,897
Other Expenses---$7,331
Fees for Services Legal---$2,955
Travel---$2,720
All Other Expenses---$-122,019
Total Functional Expenses$0$0$0$1,939,873
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The michigan department of insurance and financial services placed ukrainian future credit unio into conservatorship on february 23, 2018 and appointed the national credit union administation as conservator. The two organizations resolved that merging into selfreliance federal credit union was in the best interest of the members.

Form 990, Part VI, Section A, Line 4

Ukrainian future credit union merged with selfreliance federal credit union effective 8/31/18.

Form 990, Part VI, Section A, Line 5

Effective 8/31/18, ukrainian future credit union merged its net assets into selfreliance federal credit union.

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 elected by the membership for 3 year terms.

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

Decisions that require membership approval are mergers, field of membership changes, and by-law changes.

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

The form 990 and schedules are reviewed by the ceo of selfreliance federal credit union prior to filing with the irs. It is made available to the board for review.

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

Conflicts of interest are discussed at board meetings and employee meetings.

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

The ceo/treasurer's compensation is approved by the board of directors. The last compensation review was in 2017.

Form 990, Part VI, Section C, Line 19

Monthly financial statements are posted in the lobby of the credit union. All other governing documents are available for review upon request through the membership services department.

Filing and Contact Details

Filer

Filer Name
Ukrainian Future Credit Union
EIN
38-1686292
Phone
5867571980
Address
26495 RYAN ROAD, WARREN, MI 48091

Signing Officer

Name
Vitaliy Kutnyy
Title
President/CEO
Phone
7733287545
Signed
2019-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vitaliy Kutnyy
Formed
1961
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
8
Employees
20
Volunteers
17

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

Administrative fees 283,454. Ira administrative fees 2,650. Payroll service 3,501. Armoured car service 9,558.

FORM 990, PART XI, LINE 9:

Net assets merged into selfreliance federal credit union -10,412,135.

Raw XML AppendixShowing 400 of 447 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/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029683
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0VITALIY KUTNYY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE AND OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0784198
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1186876
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0784198
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1186876
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE 1,240 LOANS INCLUDING NEW AND USED AUTO, NEW AND USED RECREATIONAL VEHICLE, BUSINESS, CREDIT CARD, SIGNATURE, AND MORTGAGE LOANS TO OUR 3,800 MEMBERS. THE CREDIT UNION MERGED WITH SELFRELIANCE FEDERAL CREDIT UNION EFFECTIVE 8/31/18. CREDIT UNION DEPOSIT, LENDING, AND OTHER SERVICES FOR THE FORMER MEMBERS OF UKRAINIAN FUTURE CREDIT UNION WILL CONTINUE, BUT UNDER SELFRELIANCE FEDERAL CREDIT UNION.
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE ATM AND DEBIT CARD, SAFE DEPOSIT BOX, ELECTRONIC BANKING, WIRE TRANSFER, OVERDRAFT AND COURTESY PAY TO ALL ELIGIBLE MEMBERS. THE CREDIT UNION MERGED WITH SELFRELIANCE FEDERAL CREDIT UNION EFFECTIVE 8/31/18. CREDIT UNION DEPOSIT, LENDING, AND OTHER SERVICES FOR THE FORMER MEMBERS OF UKRAINIAN FUTURE CREDIT UNION WILL CONTINUE, BUT UNDER SELFRELIANCE FEDERAL CREDIT UNION.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0811668
IRS990/PYOtherExpensesAmt0761101
IRS990/PYOtherRevenueAmt06701
IRS990/PYProgramServiceRevenueAmt01459589
IRS990/PYRevenuesLessExpensesAmt0636986
IRS990/PYSalariesCompEmpBnftPaidAmt0879871
IRS990/PYTotalExpensesAmt01640972
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02277958
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-556779
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0642
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010980556
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013772106
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0LOANS TO MEMBERS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2LAND, BUILDING AND FURNITURE & EQUIPMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3PREPAID AND OTHER ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0SELFRELIANCE FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1SELFRELIANCE FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2SELFRELIANCE FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt3SELFRELIANCE FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02018-09-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12018-09-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22018-09-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32018-09-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0362259531
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1362259531
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2362259531
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN3362259531
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt025676800
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt150026961
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt2876170
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt3190938
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(1)(A)(I)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(1)(A)(I)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)(1)(A)(I)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt3501(C)(1)(A)(I)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FAIR VALUE AS OF 8/31/18
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1FAIR VALUE AS OF 8/31/18
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2FAIR VALUE AS OF 8/31/18
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3FAIR VALUE AS OF 8/31/18
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt02332 W CHICAGO AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt12332 W CHICAGO AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt22332 W CHICAGO AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt32332 W CHICAGO AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0CHICAGO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1CHICAGO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2CHICAGO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3CHICAGO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd060622
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd160622
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd260622
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd360622
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES PLACED UKRAINIAN FUTURE CREDIT UNIO INTO CONSERVATORSHIP ON FEBRUARY 23, 2018 AND APPOINTED THE NATIONAL CREDIT UNION ADMINISTATION AS CONSERVATOR. THE TWO ORGANIZATIONS RESOLVED THAT MERGING INTO SELFRELIANCE FEDERAL CREDIT UNION WAS IN THE BEST INTEREST OF THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UKRAINIAN FUTURE CREDIT UNION MERGED WITH SELFRELIANCE FEDERAL CREDIT UNION EFFECTIVE 8/31/18.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EFFECTIVE 8/31/18, UKRAINIAN FUTURE CREDIT UNION MERGED ITS NET ASSETS INTO SELFRELIANCE FEDERAL CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP FOR 3 YEAR TERMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DECISIONS THAT REQUIRE MEMBERSHIP APPROVAL ARE MERGERS, FIELD OF MEMBERSHIP CHANGES, AND BY-LAW CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FORM 990 AND SCHEDULES ARE REVIEWED BY THE CEO OF SELFRELIANCE FEDERAL CREDIT UNION PRIOR TO FILING WITH THE IRS. IT IS MADE AVAILABLE TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONFLICTS OF INTEREST ARE DISCUSSED AT BOARD MEETINGS AND EMPLOYEE MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE CEO/TREASURER'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. THE LAST COMPENSATION REVIEW WAS IN 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION. ALL OTHER GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST THROUGH THE MEMBERSHIP SERVICES DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10ADMINISTRATIVE FEES 283,454. IRA ADMINISTRATIVE FEES 2,650. PAYROLL SERVICE 3,501. ARMOURED CAR SERVICE 9,558.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11NET ASSETS MERGED INTO SELFRELIANCE FEDERAL CREDIT UNION -10,412,135.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt084639351
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt084639351
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/TotalAmt01939873
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt073658795
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt073658795
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010980556
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt07671
IRS990/TotalProgramServiceRevenueAmt0971074
IRS990/TotalReportableCompFromOrgAmt025369
IRS990/TotalRevenueGrp/ExclusionAmt0402288
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0980806
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01383094
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt017
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt084639351
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00

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