Civic Intelligence

Ascentra Credit Union

990 • Fiscal year 2014 • EIN 42-0747751

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 24, 2015

1710 Grant StBettendorf, IA 52722

(800) 426-5241

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.90x

Higher debt load relative to assets than 52% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

20th percentile

14.60x

Higher debt load relative to revenue than 20% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Net Margin

41st percentile

13%

Higher net margin than 41% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

21st percentile

$281,188

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Asset Growth

43rd percentile

4.2%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

5th percentile

-9.2%

Faster revenue growth than 5% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Assets

Up

$341,944,455

Up $13,774,221 (+4.2%) from 2013

Net Assets

Up

$35,825,477

Up $2,946,385 (+9.0%) from 2013

Liabilities

Up

$306,118,978

Up $10,827,836 (+3.7%) from 2013

Revenue

Down

$20,968,309

Down $2,128,863 (-9.2%) from 2013

Expenses

Up

$18,224,943

Up $227,635 (+1.3%) from 2013

Net Income

Down

$2,743,366

Down $2,356,498 (-46%) from 2013

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $236,169,714Liabilities 2010: $214,870,961Net Assets 2010: $21,298,7532010Assets 2011: $257,136,454Liabilities 2011: $233,443,704Net Assets 2011: $23,692,7502011Assets 2013: $328,170,234Liabilities 2013: $295,291,142Net Assets 2013: $32,879,0922013Assets 2014: $341,944,455Liabilities 2014: $306,118,978Net Assets 2014: $35,825,4772014Assets 2015: $369,221,599Liabilities 2015: $331,555,593Net Assets 2015: $37,666,0062015Assets 2016: $394,426,524Liabilities 2016: $354,811,070Net Assets 2016: $39,615,4542016Assets 2017: $409,300,803Liabilities 2017: $367,373,328Net Assets 2017: $41,927,4752017Assets 2018: $405,453,243Liabilities 2018: $361,829,178Net Assets 2018: $43,624,0652018Assets 2019: $424,287,515Liabilities 2019: $378,064,597Net Assets 2019: $46,222,9182019Assets 2020: $495,382,724Liabilities 2020: $447,912,083Net Assets 2020: $47,470,6412020Assets 2021: $534,049,811Liabilities 2021: $484,860,767Net Assets 2021: $49,189,0442021Assets 2022: $527,520,974Liabilities 2022: $479,176,129Net Assets 2022: $48,344,8452022Assets 2023: $534,114,802Liabilities 2023: $482,660,465Net Assets 2023: $51,454,3372023Assets 2024: $543,907,511Liabilities 2024: $489,563,969Net Assets 2024: $54,343,5422024

Highlighted filing

2014

Assets$341,944,455
Liabilities$306,118,978
Net Assets$35,825,477

Operations Trend

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

$40M$30M$20M$10M$0Expenses 2010: $16,560,7132010Expenses 2011: $16,757,1892011Revenue 2013: $23,097,172Expenses 2013: $17,997,308Net Income 2013: $5,099,8642013Revenue 2014: $20,968,309Expenses 2014: $18,224,943Net Income 2014: $2,743,3662014Revenue 2015: $21,380,030Expenses 2015: $19,514,191Net Income 2015: $1,865,8392015Revenue 2016: $23,680,902Expenses 2016: $21,722,746Net Income 2016: $1,958,1562016Revenue 2017: $24,552,402Expenses 2017: $22,185,257Net Income 2017: $2,367,1452017Revenue 2018: $25,507,215Expenses 2018: $23,484,785Net Income 2018: $2,022,4302018Revenue 2019: $27,263,133Expenses 2019: $25,463,129Net Income 2019: $1,800,0042019Revenue 2020: $26,041,653Expenses 2020: $25,159,163Net Income 2020: $882,4902020Revenue 2021: $27,182,453Expenses 2021: $25,040,457Net Income 2021: $2,141,9962021Revenue 2022: $29,345,594Expenses 2022: $27,536,971Net Income 2022: $1,808,6232022Revenue 2023: $35,365,466Expenses 2023: $32,660,041Net Income 2023: $2,705,4252023Revenue 2024: $38,462,503Expenses 2024: $36,127,199Net Income 2024: $2,335,3042024

Highlighted filing

2014

Revenue$20,968,309
Expenses$18,224,943
Net Income$2,743,366
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 24, 2015
Return Version
2014v5.0
Gross Receipts
$20,968,309
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$250,680,311$256,708,651▲ $6,028,340
Savings and Temporary Cash Investments$42,681,081$46,332,239▲ $3,651,158
Rtn Earn Endowment Incm Other Fnds$21,614,172$24,560,557▲ $2,946,385
Land, Buildings, and Equipment, Net$13,715,400$13,703,112▼ $12,288
Pd in Cap Srpls Land Bldg Eqp Fund$11,264,920$11,264,920→ $0
Investments in Publicly Traded Securities$8,048,367$11,237,128▲ $3,188,761
Cash and Non-Interest-Bearing Accounts$4,231,202$4,366,861▲ $135,659
Prepaid Expenses and Deferred Charges$602,339$624,439▲ $22,100
Accounts Receivable$26,801$34,068▲ $7,267
Total Assets$328,170,234$341,944,455▲ $13,774,221
Other Assets Total$8,184,733$8,937,957▲ $753,224
Liabilities
Other Liabilities$259,832,954$271,689,141▲ $11,856,187
Mortgage Notes Payable Secured by Investment Property$27,950,000$29,200,000▲ $1,250,000
Accounts Payable and Accrued Expenses$7,508,188$5,229,837▼ $2,278,351
Total Liabilities$295,291,142$306,118,978▲ $10,827,836
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,879,092$35,825,477▲ $2,946,385
Total Liabilities and Net Assets / Fund Balance$328,170,234$341,944,455▲ $13,774,221

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,854,877$3,094,954$10,949,831
Equipment$2,258,900$4,288,899$6,547,799
Land$3,589,335-$3,589,335
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dale OwenPresident/ceFT$273,588$7,600$281,188
Dale OwenPresident/CEO-$212,220$68,968$281,188
Becky HansenEvp ComplianFT$172,933$4,900$177,833
Becky HansenEvp Compliance-$147,656$30,177$177,833
Linda AndryCFOFT$135,000$36,013$171,013
Brad KnutsonChief Tech OFT$165,665$4,122$169,787
Brad KnutsonChief Tech Officer-$130,350$39,437$169,787
Cody FlattVP Wealth MaFT$155,297$4,669$159,966
Cody FlattVP Wealth Management-$150,712$9,254$159,966
Joanne BoozerEvp OperatioFT$148,864$4,822$153,686
Joanne BoozerEvp Operations-$99,275$54,411$153,686
Shelly RidgewayVP of LendinFT$135,038$3,088$138,126
Jennifer NaeveVP of MarketFT$109,479-$109,479
Timothy PerkinsChief LendinFT$109,479-$109,479

Board Members and Trustees

NameTitle
Daniel BirdsleyBoard Member
Dirk MooyBoard Member
Elaine ReidBoard Member
Gary SchockerBoard Member
Larry KetelsenBoard Member
Larry RidenourBoard Member
Laura CurtisBoard Member
Mary SoederBoard Member
Troy SmithBoard Member
Woody PerkinsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,916,447
Investment Income
$1,051,862
Other Revenue
$0
Change in Net Assets
$2,743,366

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,968,309
Total Revenue per Audited Statements
$20,968,309
Total Revenue per Form 990
$20,968,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,429,837
Salaries, Compensation, and Employee Benefits$6,795,106
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,793,327
All Other Expenses---$1,835,348
Other Expenses---$1,165,665
Depreciation Depletion---$1,091,785
Occupancy---$849,262
Office Expenses---$825,845
Current Officers, Directors, Trustees, and Key Employees---$779,144
Advertising---$654,599
Interest---$543,673
Other Employee Benefits---$388,495
Payroll Taxes---$386,901
Pension Plan Contributions---$291,942
Conferences and Meetings---$199,869
Comp Disqual Persons---$155,297
Insurance---$129,871
Fees for Services Accounting---$46,178
Fees for Services Legal---$34,811
Total Functional Expenses$0$0$0$18,224,943

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,224,943
Total Expenses per Audited Statements$18,224,943
Total Expenses per Form 990$18,224,943
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$271,689,141
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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, Page 6, Part VI, Line 6

All depositors are considered members.

Form 990, Page 6, Part VI, Line 7A

The credit union members elect on an annual basis the members of the board of directors.

Form 990, Page 6, Part VI, Line 7B

Any proposed mergers must be approved by a majority of the membership.

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

The security matrix on the data processing system prohibits employees and directors from initiating transactions on all accounts listed on their conflict of interest disclosure statement, which is updated annually.

Form 990, Page 6, Part VI, Line 15A

The board of directors hires an independent consultant to perform a salary review on the ceo on a bi-annual basis. The ceo evaluation is discussed at the board meeting, a motion is made as to the level of compensation and then voted on by the board.

Form 990, Page 6, Part VI, Line 19

The monthly financial statements are posted in the lobby and are updated on a monthly basis. The governing documents and conflict of interest policy are made available upon request.

Filing and Contact Details

Filer

Filer Name
Ascentra Credit Union
EIN
42-0747751
Phone
8004265241
Address
1710 GRANT ST, BETTENDORF, IA 52722

Signing Officer

Name
Linda Andry
Title
CFO
Phone
8004265241
Signed
2015-04-24

Organization Details

Principal Officer
Linda Andry
Formed
1950
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
153
Volunteers
10

Preparer

Firm
Petersen & Associates
Address
1410 GOLD COAST RD 400, PAPILLION, NE 68046-5742
Preparer
Steven O Petersen
Phone
4023332800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

N/A

Form 990, Page 5, Part V, Line 3B

The credit union provides financial services to its members. All income and expenses are deemed related to the overall objective of member services.

Form 990, Part IX, Line 24E

Atm/debit card processing 1,020,958 0 0 other professional servic 262,247 0 0 miscellaneous expense 232,117 0 0 personnel services 76,062 0 0 intangible amortization 71,342 0 0 exam fees 60,000 0 0 oreo expense 56,371 0 0 dues 56,251 0 0

Form 990, Part XI, Line 9

Net change in investment valuation reserve 203,019

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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt11EVP COMPLIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF TECH O
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF LENDIN
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF MARKET
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF LENDIN
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP WEALTH MA
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IRS990/InterestGrp/TotalAmt0543673
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt011237128
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt035825477
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IRS990/OccupancyGrp/TotalAmt0849262
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IRS990/OtherExpensesGrp/TotalAmt01469150
IRS990/OtherExpensesGrp/TotalAmt11356213
IRS990/OtherExpensesGrp/TotalAmt21227568
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IRS990/OtherLiabilitiesGrp/EOYAmt0271689141
IRS990/OtherSalariesAndWagesGrp/TotalAmt04793327
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0250680311
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0256708651
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt011264920
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0624439
IRS990/PrincipalOfficerNm0LINDA ANDRY
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IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt012776210
IRS990/ProgramServiceRevenueGrp/ExclusionAmt14742117
IRS990/ProgramServiceRevenueGrp/ExclusionAmt22398120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012776210
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14742117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22398120
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IRS990/PYInvestmentIncomeAmt01160182
IRS990/PYOtherExpensesAmt011107424
IRS990/PYProgramServiceRevenueAmt021936990
IRS990/PYRevenuesLessExpensesAmt05099864
IRS990/PYSalariesCompEmpBnftPaidAmt06889884
IRS990/PYTotalExpensesAmt017997308
IRS990/PYTotalRevenueAmt023097172
IRS990/ReconcilationRevenueExpnssAmt02743366
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt021614172
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt024560557
IRS990/SavingsAndTempCashInvstGrp/BOYAmt042681081
IRS990/SavingsAndTempCashInvstGrp/EOYAmt046332239
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07854877
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03094954
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010949831
IRS990ScheduleD/EquipmentGrp/BookValueAmt02258900
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04288899
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06547799
IRS990ScheduleD/ExpensesSubtotalAmt018224943
IRS990ScheduleD/LandGrp/BookValueAmt03589335
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03589335
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0271689141
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt020968309
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013703112
IRS990ScheduleD/TotalExpensesPerForm990Amt018224943
IRS990ScheduleD/TotalLiabilityAmt0271689141
IRS990ScheduleD/TotalRevenuePerForm990Amt020968309
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020968309
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018224943
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0212220
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1147656
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2135000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3130350
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4150712
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt599275
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount040911
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount124725
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount220690
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount321068
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount44465
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount523875
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt14900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt24058
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt34122
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt44669
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt54822
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt020457
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt1552
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt211265
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt314247
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt4120
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt525714
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DALE OWEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1BECKY HANSEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2LINDA ANDRY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3BRAD KNUTSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4CODY FLATT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5JOANNE BOOZER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EVP COMPLIANCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3CHIEF TECH OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VP WEALTH MANAGEMENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5EVP OPERATIONS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0281188
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1177833
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2171013
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3169787
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt4159966
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt5153686
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IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS. ALL INCOME AND EXPENSES ARE DEEMED RELATED TO THE OVERALL OBJECTIVE OF MEMBER SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DEPOSITORS ARE CONSIDERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY PROPOSED MERGERS MUST BE APPROVED BY A MAJORITY OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SECURITY MATRIX ON THE DATA PROCESSING SYSTEM PROHIBITS EMPLOYEES AND DIRECTORS FROM INITIATING TRANSACTIONS ON ALL ACCOUNTS LISTED ON THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS HIRES AN INDEPENDENT CONSULTANT TO PERFORM A SALARY REVIEW ON THE CEO ON A BI-ANNUAL BASIS. THE CEO EVALUATION IS DISCUSSED AT THE BOARD MEETING, A MOTION IS MADE AS TO THE LEVEL OF COMPENSATION AND THEN VOTED ON BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ARE UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ATM/DEBIT CARD PROCESSING 1,020,958 0 0 OTHER PROFESSIONAL SERVIC 262,247 0 0 MISCELLANEOUS EXPENSE 232,117 0 0 PERSONNEL SERVICES 76,062 0 0 INTANGIBLE AMORTIZATION 71,342 0 0 EXAM FEES 60,000 0 0 OREO EXPENSE 56,371 0 0 DUES 56,251 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10NET CHANGE IN INVESTMENT VALUATION RESERVE 203,019
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$544$490$54.3$38.5$36.1$2.34
2023Detailed filing. Detailed filing data is available for this year.$534$483$51.5$35.4$32.7$2.71
2022Detailed filing. Detailed filing data is available for this year.$528$479$48.3$29.3$27.5$1.81
2021Detailed filing. Detailed filing data is available for this year.$534$485$49.2$27.2$25.0$2.14
2020Detailed filing. Detailed filing data is available for this year.$495$448$47.5$26.0$25.2$0.88
2019Detailed filing. Detailed filing data is available for this year.$424$378$46.2$27.3$25.5$1.80
2018Detailed filing. Detailed filing data is available for this year.$405$362$43.6$25.5$23.5$2.02
2017Detailed filing. Detailed filing data is available for this year.$409$367$41.9$24.6$22.2$2.37
2016Detailed filing. Detailed filing data is available for this year.$394$355$39.6$23.7$21.7$1.96
2015Detailed filing. Detailed filing data is available for this year.$369$332$37.7$21.4$19.5$1.87
2014Detailed filing. Detailed filing data is available for this year.$342$306$35.8$21.0$18.2$2.74
2013Detailed filing. Detailed filing data is available for this year.$328$295$32.9$23.1$18.0$5.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$257$233$23.7$16.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$236$215$21.3$16.6