Civic Intelligence

Infuze Credit Union

990 • Fiscal year 2017 • EIN 43-0707914

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

PO Box 80Fort Leonard Wood, MO 65473-0080

(573) 329-3151

Siviq Scores

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

Liabilities / Assets

75th percentile

0.91x

Higher debt load relative to assets than 75% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

54th percentile

18.34x

Higher debt load relative to revenue than 54% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

9th percentile

1.0%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

79th percentile

$290,288

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

20th percentile

0.8%

Faster asset growth than 20% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

42nd percentile

5.8%

Faster revenue growth than 42% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$226,071,542

Up $1,889,129 (+0.8%) from 2016

Net Assets

Up

$20,479,220

Up $138,124 (+0.7%) from 2016

Liabilities

Up

$205,592,322

Up $1,751,005 (+0.9%) from 2016

Revenue

Up

$11,208,126

Up $614,252 (+5.8%) from 2016

Expenses

Up

$11,096,253

Up $801,509 (+7.8%) from 2016

Net Income

Down

$111,873

Down $187,257 (-63%) from 2016

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $160,053,877Liabilities 2010: $142,922,029Net Assets 2010: $17,131,8482010Assets 2011: $168,820,169Liabilities 2011: $150,563,325Net Assets 2011: $18,256,8442011Assets 2012: $196,718,609Liabilities 2012: $176,934,683Net Assets 2012: $19,783,9262012Assets 2014: $213,944,814Liabilities 2014: $193,813,623Net Assets 2014: $20,131,1912014Assets 2015: $224,661,427Liabilities 2015: $204,238,875Net Assets 2015: $20,422,5522015Assets 2016: $224,182,413Liabilities 2016: $203,841,317Net Assets 2016: $20,341,0962016Assets 2017: $226,071,542Liabilities 2017: $205,592,322Net Assets 2017: $20,479,2202017Assets 2019: $244,986,568Liabilities 2019: $223,288,267Net Assets 2019: $21,698,3012019Assets 2020: $272,103,258Liabilities 2020: $249,062,488Net Assets 2020: $23,040,7702020Assets 2021: $305,813,117Liabilities 2021: $280,222,808Net Assets 2021: $25,590,3092021Assets 2024: $385,545,638Liabilities 2024: $346,076,826Net Assets 2024: $39,468,8122024

Highlighted filing

2017

Assets$226,071,542
Liabilities$205,592,322
Net Assets$20,479,220

Operations Trend

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

$40M$30M$20M$10M$0Expenses 2010: $8,180,9232010Expenses 2011: $7,888,2592011Expenses 2012: $8,259,4842012Revenue 2014: $10,591,069Expenses 2014: $10,199,140Net Income 2014: $391,9292014Revenue 2015: $11,023,270Expenses 2015: $10,611,034Net Income 2015: $412,2362015Revenue 2016: $10,593,874Expenses 2016: $10,294,744Net Income 2016: $299,1302016Revenue 2017: $11,208,126Expenses 2017: $11,096,253Net Income 2017: $111,8732017Revenue 2019: $13,593,097Expenses 2019: $12,943,714Net Income 2019: $649,3832019Revenue 2020: $14,544,435Expenses 2020: $13,447,781Net Income 2020: $1,096,6542020Revenue 2021: $16,572,504Expenses 2021: $13,759,843Net Income 2021: $2,812,6612021Revenue 2024: $30,886,730Expenses 2024: $24,958,069Net Income 2024: $5,928,6612024

Highlighted filing

2017

Revenue$11,208,126
Expenses$11,096,253
Net Income$111,873
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$30,225,403
Mission and Program Overview

Mission

Committed to exceptional service for every member-owner, every time.

To build strong financial lives together through education, innovation, member service, and community involvement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$151,200,343$180,882,563▲ $29,682,220
Rtn Earn Endowment Incm Other Fnds$20,341,096$20,479,220▲ $138,124
Investments in Publicly Traded Securities$42,127,404$18,302,382▼ $23,825,022
Land, Buildings, and Equipment, Net$5,916,709$13,465,830▲ $7,549,121
Cash and Non-Interest-Bearing Accounts$2,573,136$5,384,112▲ $2,810,976
Savings and Temporary Cash Investments$13,403,699$1,588,228▼ $11,815,471
Prepaid Expenses and Deferred Charges$332,406$774,398▲ $441,992
Investments Other Securities$467,367$499,046▲ $31,679
Accounts Receivable$879,831$135,805▼ $744,026
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$224,182,413$226,071,542▲ $1,889,129
Other Assets Total$7,281,518$5,039,178▼ $2,242,340
Liabilities
Other Liabilities$202,134,300$200,609,788▼ $1,524,512
Accounts Payable and Accrued Expenses$1,707,017$4,982,534▲ $3,275,517
Total Liabilities$203,841,317$205,592,322▲ $1,751,005
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,341,096$20,479,220▲ $138,124
Total Liabilities and Net Assets / Fund Balance$224,182,413$226,071,542▲ $1,889,129

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,057,999$587,056$9,645,055
Equipment$1,792,545$2,224,355$4,016,900
Land$2,396,545-$2,396,545
Other Land Buildings$218,741$92,566$311,307
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia ColePresident/CEO (terminated in 2018)FT$258,489$31,799$290,288
Tracy SmithExecutive Vice President/COOFT$126,418$26,866$153,284
Mark StahlChief Financial OfficerFT$121,582$18,658$140,240
Michael SmithChief Brand & Growth OfficerFT$118,085$18,876$136,961
Pamela ShiplettChief Lending OfficerFT$99,019$6,682$105,701

Board Members and Trustees

NameTitle
Janice HartingerChairman
James CheneyVice Chairman
Clarence LibertyDirector
Darin RobinsonDirector
Derinda DerrDirector
Gary ThomasDirector
Paula DyeDirector
Hazel SnellSecretary
Pamela WelchTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Federal Construction INCConstruction Services2500 NORTH AIRPORT COMMERCE DR, Springfield, MO 65803$4,327,146
Federal Protection INCSurveillance & Fire Monitoring2500 NORTH AIRPORT COMMERCE DR, Springfield, MO 65803$752,847
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,555,017
Investment Income
$599,711
Other Revenue
$53,398
Change in Net Assets
$111,873

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,208,126
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,208,126
Total Revenue per Form 990
$11,208,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,450,919
Salaries, Compensation, and Employee Benefits$4,635,334
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,017,532
Current Officers, Directors, Trustees, and Key Employees---$826,474
Office Expenses---$724,363
Other Expenses---$653,948
Information Technology---$574,726
Depreciation Depletion---$422,263
Other Employee Benefits---$363,447
Advertising---$295,187
Payroll Taxes---$293,476
Occupancy---$269,652
All Other Expenses---$173,508
Pension Plan Contributions---$134,405
Fees for Services Legal---$104,026
Conferences and Meetings---$100,288
Fees for Services Other---$98,150
Insurance---$96,590
Fees for Services Accounting---$54,006
Interest---$38,305
Grants to Domestic Individuals---$10,000
Total Functional Expenses$0$0$0$11,096,253

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,096,253
Total Expenses per Audited Statements$11,096,253
Total Expenses per Form 990$11,096,253
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$200,609,788
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union is mutually owned by members.

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

The board of directors are elected by the credit union members.

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

Certain significant changes are subject to approval by the credit union members; however, no such changes were made during the year.

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

The president/ceo and executive vice president/coo review the form 990 before filing.

Form 990, Part VI, Section B, Line 15

The compensation committee of the board of directors reviews the president/ceo's performance with an independent salary consultant and determines compensation persuant to a written employment contract. All other management compensation is determined using compease salary administration software and is presented as part of the budget package to the board of directors for approval. Deliberations and decisions are documented in the board minutes.

Form 990, Part VI, Section C, Line 19

Financial statements are posted in the credit union lobby, presented at the annual meeting, and are available upon request. In addition, the ncua website posts financial information as part of the quarterly call reports. Other documents, policies, and procedures are available upon request.

Filing and Contact Details

Filer

Filer Name
Infuze Credit Union
EIN
43-0707914
Phone
5733293151
Address
PO BOX 80, FORT LEONARD WOOD, MO 65473-0080

Signing Officer

Name
Michael Smith
Title
President/CEO
Phone
5733293151
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Smith
Formed
1954
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
122
Volunteers
15

Preparer

Firm
Stephen Lang & Associates LLC
Address
14323 S OUTER 40 STE N205, CHESTERFIELD, MO 63017
Preparer
Stephen Lang
Phone
3142058601
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

The credit union provides "score enhancement" training to members.

PART X, LINE 2:

The credit union is exempt by statute from federal income taxes except for certain products and services which have been deemed by the internal revenue service (irs) to be unrelated to the credit union's exempt purpose. As presented in technical advice memorandums, the net taxable income from these products and services is subject to income taxes under the unrelated business income tax (ubit) regulations. In management's opinion, the credit union has no unrelated taxable business income and no accrual has been recorded. Taxing authorities have the ability to assess taxes, penalties and interest for any years for which no tax return was filed. In the opinion of management, the estimated liability for any potential tax assessment would not have a material effect on the credit union's financial position or results of operations.

Raw XML AppendixShowing 400 of 498 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0574726
IRS990/InsuranceGrp/TotalAmt096590
IRS990/InterestGrp/TotalAmt038305
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0551311
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0551311
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0467367
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0499046
IRS990/InvestmentsPubTradedSecGrp/BOYAmt042127404
IRS990/InvestmentsPubTradedSecGrp/EOYAmt018302382
IRS990/IRPDocumentCnt03473
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02903977
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05916709
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013465830
IRS990/LandBldgEquipCostOrOtherBssAmt016369807
IRS990/LegalDomicileStateCd0MO
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt019017277
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO BUILD STRONG FINANCIAL LIVES TOGETHER THROUGH EDUCATION, INNOVATION, MEMBER SERVICE, AND COMMUNITY INVOLVEMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt020341096
IRS990/NetAssetsOrFundBalancesEOYAmt020479220
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt048400
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt048400
IRS990/NetUnrelatedBusTxblIncmAmt0-41796
IRS990/NetUnrlzdGainsLossesInvstAmt026251
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0269652
IRS990/OfficeExpensesGrp/TotalAmt0724363
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07281518
IRS990/OtherAssetsTotalGrp/EOYAmt05039178
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0363447
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1MEMBER DIVIDENDS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3LOSS ON DISP. OF ASSETS
IRS990/OtherExpensesGrp/TotalAmt01211191
IRS990/OtherExpensesGrp/TotalAmt1836210
IRS990/OtherExpensesGrp/TotalAmt2798506
IRS990/OtherExpensesGrp/TotalAmt3653948
IRS990/OtherLiabilitiesGrp/BOYAmt0202134300
IRS990/OtherLiabilitiesGrp/EOYAmt0200609788
IRS990/OtherSalariesAndWagesGrp/TotalAmt03017532
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0151200343
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0180882563
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0293476
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0134405
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0332406
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0774398
IRS990/PrincipalOfficerNm0MICHAEL SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2NON-MEMBER FEES
IRS990/ProgramServiceRevenueGrp/Desc3WARRANTY SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07340884
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13006029
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07340884
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13006029
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2193456
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt314648
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0193456
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt114648
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2017, THERE WERE 13,387 LOANS OUTSTANDING TOTALING $182,324,841.
IRS990/ProgSrvcAccomActy3Grp/Desc0PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $836,210 FOR THE YEAR.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt010000
IRS990/PYInvestmentIncomeAmt01079921
IRS990/PYOtherExpensesAmt06074972
IRS990/PYOtherRevenueAmt058617
IRS990/PYProgramServiceRevenueAmt09455336
IRS990/PYRevenuesLessExpensesAmt0299130
IRS990/PYSalariesCompEmpBnftPaidAmt04209772
IRS990/PYTotalExpensesAmt010294744
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010593874
IRS990/ReconcilationRevenueExpnssAmt0111873
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt053398
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt053398
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020341096
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt020479220
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013403699
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01588228
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09057999
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0587056
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09645055
IRS990ScheduleD/EquipmentGrp/BookValueAmt01792545
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02224355
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04016900
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011096253
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt02396545
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02396545
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0218741
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt092566
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0311307
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0200609788
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011208126
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION PROVIDES "SCORE ENHANCEMENT" TRAINING TO MEMBERS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES EXCEPT FOR CERTAIN PRODUCTS AND SERVICES WHICH HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS) TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE. AS PRESENTED IN TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. IN MANAGEMENT'S OPINION, THE CREDIT UNION HAS NO UNRELATED TAXABLE BUSINESS INCOME AND NO ACCRUAL HAS BEEN RECORDED. TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, THE ESTIMATED LIABILITY FOR ANY POTENTIAL TAX ASSESSMENT WOULD NOT HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013465830
IRS990ScheduleD/TotalExpensesPerForm990Amt011096253
IRS990ScheduleD/TotalLiabilityAmt0200609788
IRS990ScheduleD/TotalRevenuePerForm990Amt011208126
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011208126
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011096253
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FIVE $2,000 SCHOLARSHIPS WERE AWARDED TO QUALIFYING MEMBERS PLANNING TO ATTEND OR CONTINUE THEIR EDUCATION AT A UNIVERSITY, COLLEGE OR TECHNICAL SCHOOL.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE "MARION DALE SUMMERFORD MEMORIAL SCHOLARSHIP" PROGRAM AWARDED TWO TYPES OF SCHOLARSHIPS TO ASSIST MEMBERS IN THEIR PURSUIT OF HIGHER EDUCATION: FOUR $2,000 SCHOLARSHIPS WERE AWARDED TO INFUZE CREDIT UNION INMOTION CLUB MEMBERS GRADUATING HIGH SCHOOL, AND ONE $2,000 SCHOLARSHIP WAS AWARDED TO AN ELIGIBLE CREDIT UNION MEMBER CONTINUING THEIR EDUCATION. FUNDS WERE DISTRIBUTED DIRECTLY TO THE SCHOOL IN THE STUDENT'S NAME UPON CONFIRMATION OF ENROLLMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0258489
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1126418
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount17500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt012844
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt17555
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt018150
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt111716
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0805
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt195
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CYNTHIA COLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1TRACY SMITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO (TERMINATED IN 2018)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE VICE PRESIDENT/COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0290288
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1153284
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION PROVIDED TRANSPORTATION TO A CONFERENCE FOR THE COMPANION OF DERINDA DERR, DIRECTOR ($488).

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