Civic Intelligence

My Credit Union

EIN 41-0824021 • 501(c)14 • Bloomington, MN

Profile

To provide lending, savings and other financial services to our qualifying members at terms generally better than available in the marketplace and with a "service based emphasis" that recognizes the members' status as owners.

9550 Lyndale Avenue SouthBloomington, MN 55420

www.rbcu.org

Siviq Scores

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

Liabilities / Assets

57th percentile

0.91x

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

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

17.84x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

21st percentile

3.6%

Higher net margin than 21% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

13th percentile

-2.5%

Faster asset growth than 13% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

2.6%

Faster revenue growth than 8% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$376,551,920

Down $9,792,038 (-2.5%) from 2023

Liabilities

Down

$341,399,769

Down $10,611,879 (-3.0%) from 2023

Net Assets

Up

$35,152,151

Up $819,841 (+2.4%) from 2023

Revenue

Up

$19,141,834

Up $483,654 (+2.6%) from 2023

Expenses

Up

$18,447,257

Up $1,869,862 (+11%) from 2023

Net Income

Down

$694,577

Down $1,386,208 (-67%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $222,371,111Liabilities 2010: $200,680,300Net Assets 2010: $21,690,8112010Assets 2011: $236,412,946Liabilities 2011: $213,694,441Net Assets 2011: $22,718,5052011Assets 2012: $251,313,092Liabilities 2012: $229,457,154Net Assets 2012: $21,855,9382012Assets 2013: $254,509,694Liabilities 2013: $232,729,184Net Assets 2013: $21,780,5102013Assets 2014: $260,699,520Liabilities 2014: $235,735,037Net Assets 2014: $24,964,4832014Assets 2015: $266,457,842Liabilities 2015: $240,928,272Net Assets 2015: $25,529,5702015Assets 2016: $277,061,730Liabilities 2016: $254,426,781Net Assets 2016: $22,634,9492016Assets 2017: $283,243,766Liabilities 2017: $259,751,932Net Assets 2017: $23,491,8342017Assets 2018: $289,473,840Liabilities 2018: $265,536,114Net Assets 2018: $23,937,7262018Assets 2019: $307,549,200Liabilities 2019: $281,576,931Net Assets 2019: $25,972,2692019Assets 2020: $350,249,139Liabilities 2020: $323,452,944Net Assets 2020: $26,796,1952020Assets 2021: $393,544,128Liabilities 2021: $363,334,002Net Assets 2021: $30,210,1262021Assets 2022: $399,653,229Liabilities 2022: $367,127,824Net Assets 2022: $32,525,4052022Assets 2023: $386,343,958Liabilities 2023: $352,011,648Net Assets 2023: $34,332,3102023Assets 2024: $376,551,920Liabilities 2024: $341,399,769Net Assets 2024: $35,152,1512024

Highlighted filing

2024

Assets$376,551,920
Liabilities$341,399,769
Net Assets$35,152,151

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $12,899,2542010Expenses 2011: $11,466,8292011Revenue 2012: $11,563,558Expenses 2012: $12,573,747Net Income 2012: -$1,010,1892012Revenue 2013: $11,361,448Expenses 2013: $9,287,343Net Income 2013: $2,074,1052013Revenue 2014: $11,040,204Expenses 2014: $8,828,763Net Income 2014: $2,211,4412014Revenue 2015: $10,728,475Expenses 2015: $9,574,511Net Income 2015: $1,153,9642015Revenue 2016: $11,202,965Expenses 2016: $13,773,386Net Income 2016: -$2,570,4212016Revenue 2017: $11,430,677Expenses 2017: $10,447,208Net Income 2017: $983,4692017Revenue 2018: $11,746,703Expenses 2018: $10,752,916Net Income 2018: $993,7872018Revenue 2019: $12,977,702Expenses 2019: $12,198,185Net Income 2019: $779,5172019Revenue 2020: $13,861,459Expenses 2020: $13,644,511Net Income 2020: $216,9482020Revenue 2021: $17,620,611Expenses 2021: $13,867,144Net Income 2021: $3,753,4672021Revenue 2022: $18,120,740Expenses 2022: $15,133,709Net Income 2022: $2,987,0312022Revenue 2023: $18,658,180Expenses 2023: $16,577,395Net Income 2023: $2,080,7852023Revenue 2024: $19,141,834Expenses 2024: $18,447,257Net Income 2024: $694,5772024

Highlighted filing

2024

Revenue$19,141,834
Expenses$18,447,257
Net Income$694,577

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$377$341$35.2$19.1$18.4$0.69
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$386$352$34.3$18.7$16.6$2.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$400$367$32.5$18.1$15.1$2.99
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$394$363$30.2$17.6$13.9$3.75
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$350$323$26.8$13.9$13.6$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$308$282$26.0$13.0$12.2$0.78
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$289$266$23.9$11.7$10.8$0.99
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$283$260$23.5$11.4$10.4$0.98
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$277$254$22.6$11.2$13.8$2.57
2015Detailed filing. Detailed filing data is available for this year.$266$241$25.5$10.7$9.57$1.15
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$261$236$25.0$11.0$8.83$2.21
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$255$233$21.8$11.4$9.29$2.07
2012Summary only. Only limited summary data is available for this year.$251$229$21.9$11.6$12.6$1.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$236$214$22.7$11.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$222$201$21.7$12.9
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$18,580,462
Mission and Program Overview

Mission

To provide lending, savings and other financial services to our qualifying members at terms generally better than available in the marketplace and with a "service based emphasis" that recognizes the members' status as owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$320,177,878$334,978,843▲ $14,800,965
Rtn Earn Endowment Incm Other Fnds$30,210,126$32,525,405▲ $2,315,279
Savings and Temporary Cash Investments$14,633,141$17,685,064▲ $3,051,923
Land, Buildings, and Equipment, Net$16,723,598$16,769,511▲ $45,913
Investments Other Securities$17,670,028$12,605,746▼ $5,064,282
Receivables From Officers Etc$6,397,269$6,230,214▼ $167,055
Cash and Non-Interest-Bearing Accounts$1,002,807$1,230,856▲ $228,049
Prepaid Expenses and Deferred Charges$661,125$543,656▼ $117,469
Investments Program Related$497,041--
Accounts Receivable$40,739$146,380▲ $105,641
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$393,544,128$399,653,229▲ $6,109,101
Other Assets Total$15,740,502$9,462,959▼ $6,277,543
Liabilities
Other Liabilities$360,026,348$357,988,863▼ $2,037,485
Mortgage Notes Payable Secured by Investment Property-$5,000,000-
Accounts Payable and Accrued Expenses$2,343,739$3,225,214▲ $881,475
Escrow Account Liability$963,915$913,747▼ $50,168
Total Liabilities$363,334,002$367,127,824▲ $3,793,822
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,210,126$32,525,405▲ $2,315,279
Total Liabilities and Net Assets / Fund Balance$393,544,128$399,653,229▲ $6,109,101

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,260,769$3,364,791$13,625,560
Land$4,907,335-$4,907,335
Equipment$1,601,407$1,818,508$3,419,915
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg WorthenPresidentFT$338,461$108,205$446,666
Rick RasmussonChief Financial OfficerFT$177,580$58,002$235,582
Karen HoeppnerVice President, LendingFT$168,277$37,095$205,372
Pierre MerlinVice President, ItFT$155,274$34,259$189,533
John DebettigniesVice President, Member SerFT$135,419$25,687$161,106
Todd BardusonVice President, MarketingFT$118,249$32,344$150,593
Terry StirewaltVice President, CommercialFT$124,402$4,070$128,472

Board Members and Trustees

NameTitle
James HabeckChairman
Lynn SchererVice Chairman
Doug ForsmanDirector
Dylan KloppDirector
Evans OnchiriDirector
John SuarezDirector
Luann WernerDirector
Teresa KruseSecretary
James McdonaldTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
LofflerIt ServicesPO BOX 1511 BIN 131511, Minneapolis, MN 55480-1511$977,880
FiservCore Processing SystemPO BOX 934057, Atlanta, GA 31193$637,384
ServionCommercial Lending Processing & Support500 MAIN STREET, New Brighton, MN 55112$441,835
CaseBanking And Security Provider701 WEAVER BLVD, Anoka, MN 55303$324,953
Hennepin CountyProperty TaxesA-600 GOVERNMENT CENTER 300 SOUTH, Minneapolis, MN 55487$321,570
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$16,935,004
Investment Income
$219,715
Other Revenue
$966,021
Change in Net Assets
$2,987,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,152,526
Salaries, Compensation, and Employee Benefits$6,718,866
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,471,803
Fees for Services Other---$1,712,100
Office Expenses---$1,614,308
Current Officers, Directors, Trustees, and Key Employees---$1,517,324
Depreciation Depletion---$1,047,242
Occupancy---$966,855
Payroll Taxes---$893,595
Other Employee Benefits---$634,148
Benefits to Members---$262,317
Pension Plan Contributions---$201,996
Travel---$109,849
Fees for Services Accounting---$90,885
Fees for Services Legal---$28,190
Interest---$21,418
Other Expenses---$-56,576
All Other Expenses---$-128,458
Total Functional Expenses$0$0$0$15,133,709
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Julieann WorthenJulieann Is Wife of Greg Worthen, Ceo.Julieann Is an Employee of the Credit UnionNo$45,431

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$6,397,269$6,230,214▼ $167,055
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares/deposits$357,988,863
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 35% controlled entity
No
Business relationship with family members
Yes
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Eligible membership of my credit union consists of persons who live in, worship in, attend school in, work in, or volunteer in and businesses and other legal entities located in the counties of: hennepin, dakota, scott counties, lesueur, carver and rice. In addition to a regularly qualified member, members of the same household, the spouse of a member, the blood or adoptive relatives of either and their spouses may be members.

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

All members in good standing and at least 18 years old receive one vote in annual elections of the board of directors.

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

Form 990 will be reviewed by the credit union's cfo and then be submitted to the president for final approval.

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

The board and senior managers are required to disclose any affiliations in a signed document annually. Conflict of interest policy is included in the employee handbook.

Form 990, Part VI, Section B, Line 15

In august of 2022, the organization had all salaries, job descriptions and positions evaluated by a third-party organization. Performance pro is a comprehensive salary administration tool which incorporates the individual job functions and scores each function to create position grades. These grades are then compared with similar position grades, on a local and national level to create position salary ranges. The process described here was last completed in 2022

Form 990, Part VI, Section C, Line 19

Financial statements are posted in the credit union lobby.

Filing and Contact Details

Filer

Filer Name
My Credit Union
EIN
41-0824021
Phone
6127987176
Address
9550 LYNDALE AVENUE SOUTH, BLOOMINGTON, MN 55420

Signing Officer

Name
Greg Worthen
Title
President
Phone
6127987176
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Worthen
Formed
1957
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
103
Volunteers
14

Preparer

Firm
Cliftonlarsonallen Llp
Address
109 N MAIN STREET SUITE 200, AUSTIN, MN 55912
Preparer
Tanya Medgaarden
Phone
5074347000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional and outside services 1,712,100.

FORM 990, PART XI, LINE 9:

Change in otti 41,812. Rounding 1.

FORM 990, PART XII, LINE 2B:

As allowed by state regulatory authorities, the audit is done as of june 30. The reporting period for the audit, therefore, does not match the reporting period for form 990.

Financial Statement Notes

PART IV, LINE 2B:

The credit union services mortgage loans. Custodial escrow balances are maintained in connection with these loans.

PART X, LINE 2:

The credit union is exempt, by statute, from federal taxes on income related to the exempt purpose of the credit union.

Part X, Line 2

As allowed by state regulatory authorities, the audit is done as of june 30. The reporting period for the audit, therefore, does not match the reporting period for form 990.

Raw XML AppendixShowing 400 of 645 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02343739
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IRS990/AccountsReceivableGrp/EOYAmt0146380
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO OUR QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A "SERVICE BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS OWNERS.
IRS990/AllOtherExpensesGrp/TotalAmt0-128458
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IRS990/BenefitsToMembersGrp/TotalAmt0262317
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IRS990/BooksInCareOfDetail/PhoneNum06127987100
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 934057
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2500 MAIN STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3701 WEAVER BLVD
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IRS990/Form990PartVIISectionAGrp/OfficerInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd10X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt937089
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1028495
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1110277
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1214269
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt138293
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1414366
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt154070
IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES HABECK
IRS990/Form990PartVIISectionAGrp/PersonNm1LYNN SCHERER
IRS990/Form990PartVIISectionAGrp/PersonNm2TERESA KRUSE
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES MCDONALD
IRS990/Form990PartVIISectionAGrp/PersonNm4DYLAN KLOPP
IRS990/Form990PartVIISectionAGrp/PersonNm5DOUG FORSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6EVANS ONCHIRI
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN SUAREZ
IRS990/Form990PartVIISectionAGrp/PersonNm8LUANN WERNER
IRS990/Form990PartVIISectionAGrp/PersonNm9GREG WORTHEN
IRS990/Form990PartVIISectionAGrp/PersonNm10RICK RASMUSSON
IRS990/Form990PartVIISectionAGrp/PersonNm11KAREN HOEPPNER
IRS990/Form990PartVIISectionAGrp/PersonNm12PIERRE MERLIN
IRS990/Form990PartVIISectionAGrp/PersonNm13JOHN DEBETTIGNIES
IRS990/Form990PartVIISectionAGrp/PersonNm14TODD BARDUSON
IRS990/Form990PartVIISectionAGrp/PersonNm15TERRY STIREWALT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9409577
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10207087
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11195095
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12175264
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13152813
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14136227
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15124402
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT, LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT, IT
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDENT, MEMBER SER
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT, MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDENT, COMMERCIAL
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01957
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt02049
IRS990/GainOrLossGrp/SecuritiesAmt0-70763
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0344049
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt046959
IRS990/GrossReceiptsAmt018580462
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt021418
IRS990/InvestmentIncomeGrp/ExclusionAmt0288429
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0288429
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt017670028
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt012605746
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0497041
IRS990/IRPDocumentCnt04466
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05183299
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016723598
IRS990/LandBldgEquipBasisNetGrp/EOYAmt016769511
IRS990/LandBldgEquipCostOrOtherBssAmt021952810
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0342000
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0117722
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO OUR QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A "SERVICE BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS OWNERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05000000
IRS990/NetAssetsOrFundBalancesBOYAmt030210126
IRS990/NetAssetsOrFundBalancesEOYAmt032525405
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-68714
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-68714
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-713565
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0966855
IRS990/OfficeExpensesGrp/TotalAmt01614308
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015740502
IRS990/OtherAssetsTotalGrp/EOYAmt09462959
IRS990/OtherChangesInNetAssetsAmt041813
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0634148
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS OPERATING
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL AND PROMOTI
IRS990/OtherExpensesGrp/Desc3OPERATING FEES
IRS990/OtherExpensesGrp/TotalAmt01686977
IRS990/OtherExpensesGrp/TotalAmt1724136
IRS990/OtherExpensesGrp/TotalAmt2335600
IRS990/OtherExpensesGrp/TotalAmt3-56576
IRS990/OtherLiabilitiesGrp/BOYAmt0360026348
IRS990/OtherLiabilitiesGrp/EOYAmt0357988863
IRS990/OtherOrganizationDsc0CU
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0NON-OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc1OTHER INTEREST INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0649420
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1316601
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0649420
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1316601
IRS990/OtherRevenueTotalAmt0966021
IRS990/OtherSalariesAndWagesGrp/TotalAmt03471803
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0320177878
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0334978843
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0893595
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0201996
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0661125
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0543656
IRS990/PrincipalOfficerNm0GREG WORTHEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013527671
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12494387
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2790425
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013527671
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12494387
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2912946
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0122521
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED CONSUMER, MORTGAGE AND BUSINESS LOAN SERVICES TO MEMBERS. GRANTED 1,193 LOANS IN 2022 WHICH EXCEEDED $68,530,485 IN NEW LOAN DISBURSEMENTS. TOTAL OF ALL LOANS OUTSTANDING WAS OVER $336,340,733 AT YEAR END.
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDED OUTSTANDING PERSONAL AND REMOTE ACCESS TO FINANCIAL SERVICES. IN ADDITION TO FOUR IN-PERSON BRANCHES, MY CREDIT UNION MEMBERS ACCESSED FINANCIAL SERVICE THROUGH THE USE OF 3 SURCHARGE FREE ATM'S, OVER 6,314 CREDIT CARDS, OVER 23,073 DEBIT CARDS, AND NEARLY 13,640 MEMBERS USING OUR INTERNET BANKING SITE.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0281651
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0105796
IRS990/PYOtherExpensesAmt07845780
IRS990/PYOtherRevenueAmt01188440
IRS990/PYProgramServiceRevenueAmt016326375
IRS990/PYRevenuesLessExpensesAmt03753467
IRS990/PYSalariesCompEmpBnftPaidAmt05739713
IRS990/PYTotalExpensesAmt013867144
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017620611
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt06397269
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt06230214
IRS990/ReconcilationRevenueExpnssAmt02987031
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt030210126
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt032525405
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014633141
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017685064
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt010260769
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03364791
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013625560
IRS990ScheduleD/EquipmentGrp/BookValueAmt01601407
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01818508
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03419915
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt04907335
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04907335
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0357988863
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES/DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION SERVICES MORTGAGE LOANS. CUSTODIAL ESCROW BALANCES ARE MAINTAINED IN CONNECTION WITH THESE LOANS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF JUNE 30. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR FORM 990.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016769511
IRS990ScheduleD/TotalLiabilityAmt0357988863
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X

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