Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2023 • EIN 38-6119310

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 03, 2024

Organization Profilemyrivervalleycu.org

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7177 Headley St SEAda, MI 49301

(616) 787-7481

Siviq Scores

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

Liabilities / Assets

45th percentile

0.89x

Higher debt load relative to assets than 45% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

57th percentile

17.21x

Higher debt load relative to revenue than 57% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Net Margin

77th percentile

22%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

33rd percentile

$189,758

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Asset Growth

9th percentile

-6.6%

Faster asset growth than 9% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-4.9%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$120,399,657

Down $8,537,686 (-6.6%) from 2022

Net Assets

Up

$12,828,267

Up $1,264,408 (+11%) from 2022

Liabilities

Down

$107,571,390

Down $9,802,094 (-8.4%) from 2022

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin77th percentile

Revenue

Down

$6,251,594

Down $325,103 (-4.9%) from 2022

Expenses

Up

$4,907,186

Up $559,365 (+13%) from 2022

Net Income

Down

$1,344,408

Down $884,468 (-40%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$150M$100M$50M$0Assets 2010: $58,806,190Liabilities 2010: $53,062,172Net Assets 2010: $5,744,0182010Assets 2011: $64,595,352Liabilities 2011: $58,603,270Net Assets 2011: $5,992,0822011Assets 2012: $68,297,968Liabilities 2012: $61,874,954Net Assets 2012: $6,423,0142012Assets 2013: $71,694,854Liabilities 2013: $64,890,184Net Assets 2013: $6,804,6702013Assets 2014: $83,364,617Liabilities 2014: $75,726,153Net Assets 2014: $7,638,4642014Assets 2015: $84,833,543Liabilities 2015: $76,868,741Net Assets 2015: $7,964,8022015Assets 2016: $89,955,004Liabilities 2016: $83,362,156Net Assets 2016: $6,592,8482016Assets 2017: $89,464,269Liabilities 2017: $82,246,723Net Assets 2017: $7,217,5462017Assets 2018: $91,555,314Liabilities 2018: $83,816,523Net Assets 2018: $7,738,7912018Assets 2019: $92,161,008Liabilities 2019: $83,651,730Net Assets 2019: $8,509,2782019Assets 2020: $112,413,060Liabilities 2020: $104,175,095Net Assets 2020: $8,237,9652020Assets 2021: $126,081,454Liabilities 2021: $116,746,471Net Assets 2021: $9,334,9832021Assets 2022: $128,937,343Liabilities 2022: $117,373,484Net Assets 2022: $11,563,8592022Assets 2023: $120,399,657Liabilities 2023: $107,571,390Net Assets 2023: $12,828,2672023

Highlighted filing

2023

Assets$120,399,657
Liabilities$107,571,390
Net Assets$12,828,267
Open 2023 Filing

Operations Trend

Revenue Growth2nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,024,2212010Expenses 2011: $2,732,9172011Revenue 2012: $3,133,163Expenses 2012: $2,702,231Net Income 2012: $430,9322012Revenue 2013: $3,268,512Expenses 2013: $2,886,856Net Income 2013: $381,6562013Revenue 2014: $3,341,624Expenses 2014: $3,073,481Net Income 2014: $268,1432014Revenue 2015: $3,977,819Expenses 2015: $3,651,481Net Income 2015: $326,3382015Revenue 2016: $4,179,922Expenses 2016: $5,551,876Net Income 2016: -$1,371,9542016Revenue 2017: $4,404,689Expenses 2017: $3,779,991Net Income 2017: $624,6982017Revenue 2018: $4,642,594Expenses 2018: $4,121,349Net Income 2018: $521,2452018Revenue 2019: $4,886,643Expenses 2019: $4,116,156Net Income 2019: $770,4872019Revenue 2020: $4,765,360Expenses 2020: $5,036,673Net Income 2020: -$271,3132020Revenue 2021: $4,948,974Expenses 2021: $3,851,956Net Income 2021: $1,097,0182021Revenue 2022: $6,576,697Expenses 2022: $4,347,821Net Income 2022: $2,228,8762022Revenue 2023: $6,251,594Expenses 2023: $4,907,186Net Income 2023: $1,344,4082023

Highlighted filing

2023

Revenue$6,251,594
Expenses$4,907,186
Net Income$1,344,408
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 3, 2024
Return Version
2023v5.0
Gross Receipts
$6,251,594
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$63,991,949$72,657,887▲ $8,665,938
Investments Other Securities$39,532,437$27,940,956▼ $11,591,481
Savings and Temporary Cash Investments$17,319,206$13,610,214▼ $3,708,992
Rtn Earn Endowment Incm Other Fnds$11,563,859$12,828,267▲ $1,264,408
Land, Buildings, and Equipment, Net$2,332,894$2,271,002▼ $61,892
Cash and Non-Interest-Bearing Accounts$1,032,799$999,772▼ $33,027
Prepaid Expenses and Deferred Charges$87,518$409,682▲ $322,164
Accounts Receivable$6,691$76,031▲ $69,340
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$128,937,343$120,399,657▼ $8,537,686
Other Assets Total$4,633,849$2,434,113▼ $2,199,736
Liabilities
Other Liabilities$116,678,811$103,573,320▼ $13,105,491
Unsecured Notes Loans Payable-$3,000,000-
Accounts Payable and Accrued Expenses$694,673$998,070▲ $303,397
Total Liabilities$117,373,484$107,571,390▼ $9,802,094
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,563,859$12,828,267▲ $1,264,408
Total Liabilities and Net Assets / Fund Balance$128,937,343$120,399,657▼ $8,537,686

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,400,853$690,670$2,091,523
Other Land Buildings$197,733$815,287$1,013,020
Land$664,853-$664,853
Leasehold Improvements$7,563$18,403$25,966
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janelle FrankeCEOFT$151,634$38,124$189,758
Krista HuverVice PresidentFT$134,929$7,346$142,275
Eric Cutter PhillipsVice PresidentFT$108,273$6,003$114,276
Teresa CummingsCOOFT$101,608$6,541$108,149

Board Members and Trustees

NameTitle
Kurt HansenChairman
Danielle CaliendoDirector
James DetrickDirector
Scott BolesDirector
Ted CourterDirector
Timothy HileDirector
Judy BealSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
FisElect Pymts Serv601 Riverside Ave, Jacksonville, FL 32204$466,516
Cu AnswersData Processing6000 28th St SE, Grand Rapids, MI 49546$386,641
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,257,154
Investment Income
$994,440
Other Revenue
$0
Change in Net Assets
$1,344,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,750,455
Salaries, Compensation, and Employee Benefits$2,156,731
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,109,769
Office Expenses---$1,093,222
Current Officers, Directors, Trustees, and Key Employees---$554,458
Information Technology---$418,385
Interest---$322,013
Other Employee Benefits---$281,563
Payroll Taxes---$123,368
Advertising---$114,447
Depreciation Depletion---$94,342
Pension Plan Contributions---$87,573
Occupancy---$85,379
Travel---$61,759
Fees for Services Legal---$54,738
Insurance---$51,525
Other Expenses---$22,063
Payments to Affiliates---$21,818
All Other Expenses---$20,277
Total Functional Expenses$0$0$0$4,907,186
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$103,369,965
Other liabilities$203,355
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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

“Section 501c(14) credit union is composed of members.”

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

“Members vote on bylaw and charter changes. Members vote and elect board members at annual meeting.”

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

“Mergers are voted on by entire membership.”

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

“Management reviews tax returns and forwards us form 8879-eo to tax preparer. Board reviews filed tax returns at next scheduled meeting.”

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

“Employee loans are management approved. Management loans are board approved. Loans to board members are approved by the board minus the lendee.”

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

“Executive and employee salaries are board reviewed and approved. Board of directors are not compensated.”

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

“Executive and employee salaries are board reviewed and approved. Board of directors are not compensated.”

Form 990, Part VI, Section C, Line 19

“Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (call) reports are also available at www.ncua.gov for all federally insured credit unions.”

Filing and Contact Details

Filer

Filer Name
River Valley Credit Union
EIN
38-6119310
Phone
6167877481
Address
7177 HEADLEY ST SE, ADA, MI 49301

Signing Officer

Name
Janelle Franke
Title
CEO
Signed
2024-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janelle Franke
Formed
1965
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
37
Volunteers
7

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Thomas Cvinar
Phone
8005225820
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“One time cecl allowance = -$80000”

Raw XML AppendixShowing 400 of 445 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/InsuranceGrp/TotalAmt051525
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0322013
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0994440
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0994440
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt039532437
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt027940956
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01524360
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02332894
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02271002
IRS990/LandBldgEquipCostOrOtherBssAmt03795362
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt011563859
IRS990/NetAssetsOrFundBalancesEOYAmt012828267
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt085379
IRS990/OfficeExpensesGrp/TotalAmt01093222
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04633849
IRS990/OtherAssetsTotalGrp/EOYAmt02434113
IRS990/OtherChangesInNetAssetsAmt0-80000
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0281563
IRS990/OtherExpensesGrp/Desc0Provision For loan losses
IRS990/OtherExpensesGrp/Desc1Loan Services
IRS990/OtherExpensesGrp/Desc2Professional Services
IRS990/OtherExpensesGrp/Desc3Misc
IRS990/OtherExpensesGrp/TotalAmt0204500
IRS990/OtherExpensesGrp/TotalAmt198847
IRS990/OtherExpensesGrp/TotalAmt287140
IRS990/OtherExpensesGrp/TotalAmt322063
IRS990/OtherLiabilitiesGrp/BOYAmt0116678811
IRS990/OtherLiabilitiesGrp/EOYAmt0103573320
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt01109769
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt063991949
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt072657887
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt021818
IRS990/PayrollTaxesGrp/TotalAmt0123368
IRS990/PensionPlanContributionsGrp/TotalAmt087573
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt087518
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0409682
IRS990/PrincipalOfficerNm0Janelle Franke
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0FOCUSED TAX SOLUTIONS
IRS990/ProgramServiceRevenueGrp/Desc1INCOME FROM LOANS
IRS990/ProgramServiceRevenueGrp/Desc2NON-MEMBER ATM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03378684
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11855736
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0699
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13378684
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22921
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31874850
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0699
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt12921
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt219114
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2023 WAS 5,301
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0928989
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02322848
IRS990/PYProgramServiceRevenueAmt05647708
IRS990/PYRevenuesLessExpensesAmt02228876
IRS990/PYSalariesCompEmpBnftPaidAmt02024973
IRS990/PYTotalExpensesAmt04347821
IRS990/PYTotalRevenueAmt06576697
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01344408
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011563859
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012828267
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017319206
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013610214
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01400853
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0690670
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02091523
IRS990ScheduleD/LandGrp/BookValueAmt0664853
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0664853
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07563
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt018403
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt025966
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0197733
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0815287
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01013020
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0203355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1103369965
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02271002
IRS990ScheduleD/TotalBookValueSecuritiesAmt027940956
IRS990ScheduleD/TotalLiabilityAmt0103573320
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0151634
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount029938
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08186
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JANELLE FRANKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0189758
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SECTION 501C(14) CREDIT UNION IS COMPOSED OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS VOTE ON BYLAW AND CHARTER CHANGES. MEMBERS VOTE AND ELECT BOARD MEMBERS AT ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MERGERS ARE VOTED ON BY ENTIRE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT REVIEWS TAX RETURNS AND FORWARDS US FORM 8879-EO TO TAX PREPARER. BOARD REVIEWS FILED TAX RETURNS AT NEXT SCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EMPLOYEE LOANS ARE MANAGEMENT APPROVED. MANAGEMENT LOANS ARE BOARD APPROVED. LOANS TO BOARD MEMBERS ARE APPROVED BY THE BOARD MINUS THE LENDEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXECUTIVE AND EMPLOYEE SALARIES ARE BOARD REVIEWED AND APPROVED. BOARD OF DIRECTORS ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EXECUTIVE AND EMPLOYEE SALARIES ARE BOARD REVIEWED AND APPROVED. BOARD OF DIRECTORS ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CREDIT UNION BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE CREDIT UNION'S MAIN OFFICE. QUARTERLY FINANCIAL STATEMENTS ARE DISPLAYED IN THE LOBBY WHICH IS ACCESSIBLE TO THE GENERAL PUBLIC. QUARTERLY FINANCIAL PERFORMANCE (CALL) REPORTS ARE ALSO AVAILABLE AT WWW.NCUA.GOV FOR ALL FEDERALLY INSURED CREDIT UNIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ONE TIME CECL ALLOWANCE = -$80000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0128937343
IRS990/TotalAssetsEOYAmt0120399657
IRS990/TotalAssetsGrp/BOYAmt0128937343
IRS990/TotalAssetsGrp/EOYAmt0120399657
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04907186
IRS990/TotalGrossUBIAmt022734
IRS990/TotalLiabilitiesBOYAmt0117373484
IRS990/TotalLiabilitiesEOYAmt0107571390
IRS990/TotalLiabilitiesGrp/BOYAmt0117373484
IRS990/TotalLiabilitiesGrp/EOYAmt0107571390
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011563859
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012828267
IRS990/TotalOtherCompensationAmt028076
IRS990/TotalProgramServiceRevenueAmt05257154
IRS990/TotalReportableCompFromOrgAmt0526382
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06228860
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06251594
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt022734

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$120,399,657
Liabilities
$107,571,390
Net assets
$12,828,267
Revenue
$6,251,594
Expenses
$4,907,186
Net income
$1,344,408
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023Detailed filing. Detailed filing data is available for this year.$120$108$12.8$6.25$4.91$1.34
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$117$11.6$6.58$4.35$2.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$126$117$9.33$4.95$3.85$1.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$104$8.24$4.77$5.04$0.27
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$92.2$83.7$8.51$4.89$4.12$0.77
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.6$83.8$7.74$4.64$4.12$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.5$82.2$7.22$4.40$3.78$0.62
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.0$83.4$6.59$4.18$5.55$1.37
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$84.8$76.9$7.96$3.98$3.65$0.33
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.4$75.7$7.64$3.34$3.07$0.27
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$71.7$64.9$6.80$3.27$2.89$0.38
2012Summary only. Only limited summary data is available for this year.$68.3$61.9$6.42$3.13$2.70$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.6$58.6$5.99$2.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.8$53.1$5.74$3.02
Peer Organizations

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