Civic Intelligence

White Eagle Credit Union

990 • Fiscal year 2023 • EIN 48-0126615

Jan 01, 2023 to Dec 31, 2023 • Filed on May 13, 2024

PO Box 86Augusta, KS 67010-0086

(316) 775-7591

Siviq Scores

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

Liabilities / Assets

16th percentile

0.85x

Higher debt load relative to assets than 16% of similar nonprofits.

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

Liabilities / Revenue

21st percentile

13.73x

Higher debt load relative to revenue than 21% of similar nonprofits.

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

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

66th percentile

$262,408

Higher top officer pay than 66% 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

28th percentile

-3.2%

Faster asset growth than 28% of similar nonprofits.

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

Revenue Growth

53rd percentile

25%

Faster revenue growth than 53% of similar nonprofits.

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

Assets

Down

$143,075,943

Down $4,732,245 (-3.2%) from 2022

Net Assets

Up

$21,085,744

Up $1,805,303 (+9.4%) from 2022

Liabilities

Down

$121,990,199

Down $6,537,548 (-5.1%) from 2022

Revenue

Up

$8,887,920

Up $1,767,687 (+25%) from 2022

Expenses

Up

$6,982,617

Up $1,414,638 (+25%) from 2022

Net Income

Up

$1,905,303

Up $353,049 (+23%) from 2022

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2008: $52,278,478Liabilities 2008: $45,849,738Net Assets 2008: $6,428,7402008Assets 2011: $72,981,451Liabilities 2011: $64,508,569Net Assets 2011: $8,472,8822011Assets 2013: $87,206,537Liabilities 2013: $78,042,264Net Assets 2013: $9,164,2732013Assets 2015: $92,802,966Liabilities 2015: $81,885,865Net Assets 2015: $10,917,1012015Assets 2016: $99,782,169Liabilities 2016: $88,065,396Net Assets 2016: $11,716,7732016Assets 2017: $103,532,165Liabilities 2017: $90,817,903Net Assets 2017: $12,714,2622017Assets 2018: $106,023,133Liabilities 2018: $92,469,950Net Assets 2018: $13,553,1832018Assets 2019: $109,249,455Liabilities 2019: $94,240,517Net Assets 2019: $15,008,9382019Assets 2022: $147,808,188Liabilities 2022: $128,527,747Net Assets 2022: $19,280,4412022Assets 2023: $143,075,943Liabilities 2023: $121,990,199Net Assets 2023: $21,085,7442023Assets 2024: $163,145,847Liabilities 2024: $139,768,197Net Assets 2024: $23,377,6502024

Highlighted filing

2023

Assets$143,075,943
Liabilities$121,990,199
Net Assets$21,085,744

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2008: $3,899,3082008Expenses 2011: $3,703,8872011Revenue 2013: $5,291,931Expenses 2013: $5,594,238Net Income 2013: -$302,3072013Revenue 2015: $5,296,260Expenses 2015: $4,765,582Net Income 2015: $530,6782015Revenue 2016: $5,594,746Expenses 2016: $4,795,074Net Income 2016: $799,6722016Revenue 2017: $6,174,919Expenses 2017: $5,177,430Net Income 2017: $997,4892017Revenue 2018: $6,643,138Expenses 2018: $5,804,217Net Income 2018: $838,9212018Revenue 2019: $7,027,353Expenses 2019: $5,571,598Net Income 2019: $1,455,7552019Revenue 2022: $7,120,233Expenses 2022: $5,567,979Net Income 2022: $1,552,2542022Revenue 2023: $8,887,920Expenses 2023: $6,982,617Net Income 2023: $1,905,3032023Revenue 2024: $10,802,109Expenses 2024: $8,510,203Net Income 2024: $2,291,9062024

Highlighted filing

2023

Revenue$8,887,920
Expenses$6,982,617
Net Income$1,905,303
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.0
Gross Receipts
$8,887,920
Mission and Program Overview

Mission

A financial cooperative dedicated to outstanding personal service, the latest technology and products, and empowering members to improve their financial well-being.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$88,925,078$96,138,948▲ $7,213,870
Savings and Temporary Cash Investments$40,422,487$27,352,836▼ $13,069,651
Rtn Earn Endowment Incm Other Fnds$19,280,441$21,085,744▲ $1,805,303
Investments Other Securities$9,172,257$8,269,709▼ $902,548
Land, Buildings, and Equipment, Net$5,039,842$4,995,508▼ $44,334
Cash and Non-Interest-Bearing Accounts$2,432,276$2,263,552▼ $168,724
Receivables From Officers Etc-$1,897,561-
Accounts Receivable$52,439$231,487▲ $179,048
Prepaid Expenses and Deferred Charges$205,601$205,421▼ $180
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$147,808,188$143,075,943▼ $4,732,245
Other Assets Total$1,558,208$1,720,921▲ $162,713
Liabilities
Other Liabilities$127,444,950$121,010,657▼ $6,434,293
Accounts Payable and Accrued Expenses$1,082,797$979,542▼ $103,255
Total Liabilities$128,527,747$121,990,199▼ $6,537,548
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,280,441$21,085,744▲ $1,805,303
Total Liabilities and Net Assets / Fund Balance$147,808,188$143,075,943▼ $4,732,245

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,582,263$908,512$4,490,775
Equipment$158,782$1,180,876$1,339,658
Land$1,225,261-$1,225,261
Other Land Buildings$29,202$30,356$59,558
Other Securities$120,534--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric BrownCEO/presidentFT$147,258$115,150$262,408
Jennifer PazzieCFOFT$108,792$74,320$183,112

Board Members and Trustees

NameTitle
Ron ReavisChairman
Tim FollisVice Chairman
Bobby HubbardDirector
Briant LewisDirector
Jay LewisDirector
Joan ReichardtDirector
Joe CantuDirector
Pat TerickDirector
Rob NickelDirector
Tammy WilsonSecretary
Troy NordmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,552,087
Investment Income
$1,315,434
Other Revenue
$20,399
Change in Net Assets
$1,905,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,266,079
Salaries, Compensation, and Employee Benefits$2,677,538
Grants and Similar Amounts Paid$39,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,786,045
Office Expenses---$1,747,927
Current Officers, Directors, Trustees, and Key Employees---$427,211
Occupancy---$295,418
Other Employee Benefits---$224,696
Advertising---$177,392
Payroll Taxes---$159,788
Depreciation Depletion---$137,636
Information Technology---$81,925
Pension Plan Contributions---$79,798
Insurance---$67,975
Grants to Domestic Orgs---$32,500
Fees for Services Accounting---$23,839
Other Expenses---$23,052
Fees for Services Other---$13,313
Conferences and Meetings---$12,234
Travel---$11,748
All Other Expenses---$10,030
Fees for Services Legal---$8,189
Grants to Domestic Individuals---$6,500
Total Functional Expenses$0$0$0$6,982,617
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 Officers, Directors, Trustees, and Key Employees-$1,897,561-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$121,010,657
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
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

Information is supplied to the credit union's accounting firm. Upon completion, credit union management reviews the form 990 and provides it to the board of directors.

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

On an annual basis, the president and all directors, committee members, and employees are required to review the conflict of interest policy, disclose any interests that could give rise to conflicts, and submit a signed statement to that effect. These statements are maintained on file at the credit union.

Form 990, Part VI, Section B, Line 15

The compensation committee of the board of directors consults with an independent salary administration firm when determining compensation for the president, officers, and other key employees. Deliberations and decisions are documented in the board minutes.

Form 990, Part VI, Section C, Line 19

Financial statements are posted in the 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
White Eagle Credit Union
EIN
48-0126615
Phone
3167757591
Address
PO BOX 86, AUGUSTA, KS 67010-0086

Signing Officer

Name
Eric Brown
Title
CEO/president
Phone
3167757591
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Brown
Formed
1935
Legal Domicile
Ks
Voting Board Members
11
Independent Board Members
11
Employees
62
Volunteers
17

Preparer

Firm
J Tenbrink & Associates
Address
11272 S RIDGEVIEW RD, OLATHE, KS 66061-6454
Preparer
Gerald Tenbrink
Phone
9138946214
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Cecl transition adjustment -100,000.

Raw XML AppendixShowing 400 of 474 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/OtherExpensesGrp/TotalAmt323052
IRS990/OtherLiabilitiesGrp/BOYAmt0127444950
IRS990/OtherLiabilitiesGrp/EOYAmt0121010657
IRS990/OtherSalariesAndWagesGrp/TotalAmt01786045
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt088925078
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt096138948
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0159788
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt079798
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0205601
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0205421
IRS990/PrincipalOfficerNm0ERIC BROWN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2WARRANTY SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05524007
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11994620
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05524007
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12018011
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210069
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt023391
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt110069
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 6,930 LOANS OUTSTANDING TOTALING $96,745,715.
IRS990/ProgSrvcAccomActy3Grp/Desc0PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $1,044,303 FOR THE YEAR.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt034500
IRS990/PYInvestmentIncomeAmt0692273
IRS990/PYOtherExpensesAmt03231970
IRS990/PYOtherRevenueAmt020910
IRS990/PYProgramServiceRevenueAmt06407050
IRS990/PYRevenuesLessExpensesAmt01552254
IRS990/PYSalariesCompEmpBnftPaidAmt02301509
IRS990/PYTotalExpensesAmt05567979
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07120233
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01897561
IRS990/ReconcilationRevenueExpnssAmt01905303
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt020399
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt020399
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt019280441
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt021085744
IRS990/SavingsAndTempCashInvstGrp/BOYAmt040422487
IRS990/SavingsAndTempCashInvstGrp/EOYAmt027352836
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03582263
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0908512
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04490775
IRS990ScheduleD/EquipmentGrp/BookValueAmt0158782
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01180876
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01339658
IRS990ScheduleD/LandGrp/BookValueAmt01225261
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01225261
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029202
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030356
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt059558
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0121010657
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04550000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt13599175
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2120534
IRS990ScheduleD/OtherSecuritiesGrp/Desc0HTM-FEDERAL AGENCY SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1457 PLAN INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENTS IN CUSOS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04995508
IRS990ScheduleD/TotalBookValueSecuritiesAmt08269709
IRS990ScheduleD/TotalLiabilityAmt0121010657
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt06500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0$500 COLLEGE SCHOLARSHIPS WERE AWARDED
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt013
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE SCHOLARSHIP COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS CANDIDATE APPLICATIONS AND AWARDS NON-RENEWABLE $500 SCHOLARSHIPS TO ASSIST WITH COLLEGE EXPENSES. FUNDS ARE DISTRIBUTED UPON RECEIPT OF ENROLLMENT VERIFICATION/CLASS SCHEDULE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0147258
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1108792
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount025721
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount112175
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/DeferredCompensationFlngOrgAmt035229
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt146294
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt035892
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt115851
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt018308
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ERIC BROWN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JENNIFER PAZZIE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0262408
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1183112
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS CONSULTS WITH AN INDEPENDENT SALARY ADMINISTRATION FIRM WHEN DETERMINING COMPENSATION FOR THE PRESIDENT.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE FOLLOWING EXECUTIVES ARE PARTICIPANTS IN 457(F) DEFERRED COMPENSATION PLANS AND THE RELATED EXPENSES WERE ACCRUED IN 2023: - ERIC BROWN, CEO/PRESIDENT - $25,424 - JENNIFER PAZZIE, CFO - $38,328 NO AMOUNTS WERE PAID OUT IN 2023. THE CREDIT UNION ALSO PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS FOR THE CEO/PRESIDENT, ERIC BROWN, THROUGH A COLLATERAL ASSIGNMENT SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT. SEE SCHEDULE L FOR DETAILS OF THE RELATED LOAN OUTSTANDING.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01897561
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0COLLATERAL ASSIGNMENT SPLIT DOLLAR LIFE INSURANCE, WITH FULL RECOURSE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01861300
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ERIC BROWN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CEO/PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt01897561
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION IS SUPPLIED TO THE CREDIT UNION'S ACCOUNTING FIRM. UPON COMPLETION, CREDIT UNION MANAGEMENT REVIEWS THE FORM 990 AND PROVIDES IT TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON AN ANNUAL BASIS, THE PRESIDENT AND ALL DIRECTORS, COMMITTEE MEMBERS, AND EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AND SUBMIT A SIGNED STATEMENT TO THAT EFFECT. THESE STATEMENTS ARE MAINTAINED ON FILE AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS CONSULTS WITH AN INDEPENDENT SALARY ADMINISTRATION FIRM WHEN DETERMINING COMPENSATION FOR THE PRESIDENT, OFFICERS, AND OTHER KEY EMPLOYEES. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE POSTED IN THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CECL TRANSITION ADJUSTMENT -100,000.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

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