Civic Intelligence

State Chartered Credit Unions in North Carolina

990 • Fiscal year 2019 • EIN 56-6043259

Jan 01, 2019 to Dec 31, 2019 • Filed on May 06, 2020

Organization Profilewww.memcu.com

View Organization Page

2098 Frontis Plaza BlvdWinston Salem, NC 27103

(336) 748-4800

Siviq Scores

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

Liabilities / Assets

29th percentile

0.87x

Higher debt load relative to assets than 29% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

17.19x

Higher debt load relative to revenue than 62% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Net Margin

58th percentile

15%

Higher net margin than 58% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

49th percentile

$419,457

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2019

Asset Growth

96th percentile

17%

Faster asset growth than 96% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

4.3%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$326,531,018

Up $48,475,105 (+17%) from 2018

Net Assets

Up

$41,486,103

Up $7,802,293 (+23%) from 2018

Liabilities

Up

$285,044,915

Up $40,672,812 (+17%) from 2018

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin58th percentile

Revenue

Up

$16,580,352

Up $685,368 (+4.3%) from 2018

Expenses

Up

$14,085,519

Up $877,304 (+6.6%) from 2018

Net Income

Down

$2,494,833

Down $191,936 (-7.1%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$600M$400M$200M$0Assets 2010: $233,315,673Liabilities 2010: $210,620,045Net Assets 2010: $22,695,6282010Assets 2011: $228,882,937Liabilities 2011: $204,553,160Net Assets 2011: $24,329,7772011Assets 2012: $242,778,294Liabilities 2012: $217,083,245Net Assets 2012: $25,695,0492012Assets 2013: $244,224,706Liabilities 2013: $222,814,477Net Assets 2013: $21,410,2292013Assets 2014: $254,555,183Liabilities 2014: $228,413,985Net Assets 2014: $26,141,1982014Assets 2015: $267,005,553Liabilities 2015: $239,927,736Net Assets 2015: $27,077,8172015Assets 2016: $275,117,566Liabilities 2016: $245,724,280Net Assets 2016: $29,393,2862016Assets 2017: $274,529,894Liabilities 2017: $243,304,111Net Assets 2017: $31,225,7832017Assets 2018: $278,055,913Liabilities 2018: $244,372,103Net Assets 2018: $33,683,8102018Assets 2019: $326,531,018Liabilities 2019: $285,044,915Net Assets 2019: $41,486,1032019Assets 2020: $393,966,694Liabilities 2020: $350,535,605Net Assets 2020: $43,431,0892020Assets 2021: $454,901,827Liabilities 2021: $408,280,777Net Assets 2021: $46,621,0502021Assets 2022: $463,047,549Liabilities 2022: $411,910,917Net Assets 2022: $51,136,6322022Assets 2023: $435,247,947Liabilities 2023: $377,962,209Net Assets 2023: $57,285,7382023Assets 2024: $438,433,803Liabilities 2024: $376,083,056Net Assets 2024: $62,350,7472024

Highlighted filing

2019

Assets$326,531,018
Liabilities$285,044,915
Net Assets$41,486,103
Open 2019 Filing

Operations Trend

Revenue Growth16th percentile

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

$30M$20M$10M$0Expenses 2010: $15,093,4992010Expenses 2011: $14,485,1512011Expenses 2012: $13,039,4132012Revenue 2013: $13,440,714Expenses 2013: $12,554,292Net Income 2013: $886,4222013Revenue 2014: $13,272,683Expenses 2014: $12,253,085Net Income 2014: $1,019,5982014Revenue 2015: $13,369,250Expenses 2015: $12,174,959Net Income 2015: $1,194,2912015Revenue 2016: $13,800,690Expenses 2016: $12,309,308Net Income 2016: $1,491,3822016Revenue 2017: $14,576,973Expenses 2017: $12,519,158Net Income 2017: $2,057,8152017Revenue 2018: $15,894,984Expenses 2018: $13,208,215Net Income 2018: $2,686,7692018Revenue 2019: $16,580,352Expenses 2019: $14,085,519Net Income 2019: $2,494,8332019Revenue 2020: $16,257,917Expenses 2020: $14,447,894Net Income 2020: $1,810,0232020Revenue 2021: $18,489,124Expenses 2021: $14,683,534Net Income 2021: $3,805,5902021Revenue 2022: $22,460,729Expenses 2022: $16,270,011Net Income 2022: $6,190,7182022Revenue 2023: $26,897,077Expenses 2023: $20,074,354Net Income 2023: $6,822,7232023Revenue 2024: $27,410,451Expenses 2024: $22,657,073Net Income 2024: $4,753,3782024

Highlighted filing

2019

Revenue$16,580,352
Expenses$14,085,519
Net Income$2,494,833
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 6, 2020
Return Version
2019v5.0
Gross Receipts
$17,633,553
Mission and Program Overview

Mission

To offer reasonable products and services to our members.

As a member owned cooperative, our primary responsibility is to contribute to the well being of our members who depend on us to provide a full range of diverse products so that we may be their primary financial institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$129,941,016$149,184,346▲ $19,243,330
Savings and Temporary Cash Investments$124,867,854$142,141,736▲ $17,273,882
Rtn Earn Endowment Incm Other Fnds$33,683,810$41,486,103▲ $7,802,293
Cash and Non-Interest-Bearing Accounts$7,809,225$18,321,973▲ $10,512,748
Land, Buildings, and Equipment, Net$7,996,140$9,138,903▲ $1,142,763
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$278,055,913$326,531,018▲ $48,475,105
Other Assets Total$7,441,678$7,744,060▲ $302,382
Liabilities
Other Liabilities$242,133,577$282,301,925▲ $40,168,348
Accounts Payable and Accrued Expenses$2,238,526$2,742,990▲ $504,464
Total Liabilities$244,372,103$285,044,915▲ $40,672,812
Net Assets / Fund Balance
Total Net Assets Fund Balance$33,683,810$41,486,103▲ $7,802,293
Total Liabilities and Net Assets / Fund Balance$278,055,913$326,531,018▲ $48,475,105

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,359,778$2,074,655$6,434,433
Land$3,968,219-$3,968,219
Other Land Buildings$449,416$1,981,790$2,431,206
Equipment$260,387$1,186,364$1,446,751
Leasehold Improvements$101,103$215,017$316,120
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert C DonleyPresident/CEOFT$341,326$78,131$419,457
Cindy J StiffCFO & TreasurerFT$120,121-$120,121
Melanie H HuffmanExecutive SecretaryPT$56,859-$56,859

Board Members and Trustees

NameTitle
William A TittsworthBoard Chairman
Durham C White JrDirector
Jack V Braswell JrDirector
Jeff SeafordDirector
Jerry P ChurchDirector
Richard L TrotterDirector
Thomas RhooneyDirector
karen KellerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,934,157
Investment Income
$3,433,156
Other Revenue
$213,039
Change in Net Assets
$2,494,833

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,873,036
Revenue Not Reported on Financial Statements
$1,707,316
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1,707,316
Total Revenue per Audited Statements
$14,873,036
Total Revenue per Form 990
$16,580,352
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,820,778
Salaries, Compensation, and Employee Benefits$6,067,570
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,023,303
Office Expenses---$1,186,300
Occupancy---$1,080,896
Interest---$897,344
Other Employee Benefits---$871,979
Information Technology---$654,050
Current Officers, Directors, Trustees, and Key Employees---$596,437
Payroll Taxes---$338,243
All Other Expenses---$317,146
Advertising---$300,812
Depreciation Depletion---$276,654
Pension Plan Contributions---$237,608
Benefits to Members---$197,171
Other Expenses---$92,635
Conferences and Meetings---$62,077
Travel---$52,472
Fees for Services Accounting---$34,140
Fees for Services Legal---$8,723
Total Functional Expenses$0$0$0$14,085,519

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$14,085,519
Expenses per Audited Statements$12,378,203
Total Expenses per Audited Statements$12,378,203
Expenses Not Reported on Financial Statements$1,707,316
Other Expense Adjustments$1,707,316
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 Deposits$282,301,925
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union has members.”

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

“Members vote to elect members of the governing body.”

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

“Form 990 is reviewed by the President of the credit union. The form and all subsequent schedules are reviewed prior to transmission to the IRS.”

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

“Written reports are submitted monthly to the board of directors.”

Form 990, Part VI, Section B, Line 15

“We have a board approved salary plan for all non exempt employees of the credit union. This plan is reviewed annually by the board of directors. The board uses industry survey data as a major component for any changes to this plan and in determining salaries of all non exempt employees.”

Form 990, Part VI, Section C, Line 19

“The governing documents of the organization are made available to the public upon request. Additionally, financial statements are posted in the common areas of credit union branches.”

Filing and Contact Details

Filer

Filer Name
Members Credit Union
EIN
56-6043259
Phone
3367484800
Address
2098 Frontis Plaza Blvd, Winston Salem, NC 27103

Signing Officer

Name
Robert C Donley
Title
President/CEO
Phone
3367484800
Signed
2020-05-06

Organization Details

Principal Officer
Rovert C Donley
Formed
1959
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
8
Employees
128
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Equity acquired in merger with Hanes Brands Credit Union effective 08/31/2019”

Financial Statement Notes

Schedule D, Part XI, Line 4B

“ATM & VISA Expenses are offset against income.”

Schedule D, Part XII, Line 4B

“ATM & VISA expenses are offset against income.”

Raw XML AppendixShowing 400 of 501 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/BOYAmt02238526
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02742990
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0As a member owned cooperative, our primary responsibility is to contribute to the well being of our members who depend on us to provide a full range of diverse products so that we may be their primary financial institution.
IRS990/AdvertisingGrp/TotalAmt0300812
IRS990/AllOtherExpensesGrp/TotalAmt0317146
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt0197171
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Members Credit Union
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0Cindy Stiff
IRS990/BooksInCareOfDetail/PhoneNum03367484800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02098 Frontis Plaza Blvd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Winston Salem
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027103
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt07809225
IRS990/CashNonInterestBearingGrp/EOYAmt018321973
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0596437
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt062077
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt0197171
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03433156
IRS990/CYOtherExpensesAmt07820778
IRS990/CYOtherRevenueAmt0213039
IRS990/CYProgramServiceRevenueAmt012934157
IRS990/CYRevenuesLessExpensesAmt02494833
IRS990/CYSalariesCompEmpBnftPaidAmt06067570
IRS990/CYTotalExpensesAmt014085519
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt016580352
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0276654
IRS990/Desc0Credit Union programs. Loans to members. Total number of loans equal 25,655. Services to all members. Total number of members equal 50,571. Checking accounts, savings accounts, consumer loans, mortgage loans through Fairway Mortgage. Members financial planning. Remote account access. Family Security Plan. Ability to perform transactions through the Co-Op Shared Branching network.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt0128
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt034140
IRS990/FeesForServicesLegalGrp/TotalAmt08723
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1030
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0Jack V Braswell Jr
IRS990/Form990PartVIISectionAGrp/PersonNm1Jerry P Church
IRS990/Form990PartVIISectionAGrp/PersonNm2karen Keller
IRS990/Form990PartVIISectionAGrp/PersonNm3William A Tittsworth
IRS990/Form990PartVIISectionAGrp/PersonNm4Richard L Trotter
IRS990/Form990PartVIISectionAGrp/PersonNm5Durham C White Jr
IRS990/Form990PartVIISectionAGrp/PersonNm6Jeff Seaford
IRS990/Form990PartVIISectionAGrp/PersonNm7Thomas Rhooney
IRS990/Form990PartVIISectionAGrp/PersonNm8Robert C Donley
IRS990/Form990PartVIISectionAGrp/PersonNm9Cindy J Stiff
IRS990/Form990PartVIISectionAGrp/PersonNm10Melanie H Huffman
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/ReportableCompFromOrgAmt8419457
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9120121
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1056859
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/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO & Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Executive Secretary
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01959
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt042911
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01096112
IRS990/GrossReceiptsAmt017633553
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0654050
IRS990/InsuranceGrp/TotalAmt00
IRS990/InterestGrp/TotalAmt0897344
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03390245
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03390245
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08164
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05457826
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07996140
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09138903
IRS990/LandBldgEquipCostOrOtherBssAmt014596729
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01053201
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0To offer reasonable products and services to our members.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt033683810
IRS990/NetAssetsOrFundBalancesEOYAmt041486103
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt042911
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt042911
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt012970
IRS990/NetUnrlzdGainsLossesInvstAmt0171493
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01080896
IRS990/OfficeExpensesGrp/TotalAmt01186300
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07441678
IRS990/OtherAssetsTotalGrp/EOYAmt07744060
IRS990/OtherChangesInNetAssetsAmt05135967
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0871979
IRS990/OtherExpensesGrp/Desc0ATM & Visa Expenses
IRS990/OtherExpensesGrp/Desc1Provision for Loan Loss
IRS990/OtherExpensesGrp/Desc2Supervisory & Exam Fees
IRS990/OtherExpensesGrp/TotalAmt01707316
IRS990/OtherExpensesGrp/TotalAmt11150213
IRS990/OtherExpensesGrp/TotalAmt292635
IRS990/OtherLiabilitiesGrp/BOYAmt0242133577
IRS990/OtherLiabilitiesGrp/EOYAmt0282301925
IRS990/OtherRevenueMiscGrp/BusinessCd0522130
IRS990/OtherRevenueMiscGrp/Desc0Non Operating Rent
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0213039
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0213039
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt0213039
IRS990/OtherSalariesAndWagesGrp/TotalAmt04023303
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0129941016
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0149184346
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0338243
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0237608
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Rovert C Donley
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07656238
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15277919
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07656238
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15277919
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0207071
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03151961
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt07395995
IRS990/PYOtherRevenueAmt0252454
IRS990/PYProgramServiceRevenueAmt012490569
IRS990/PYRevenuesLessExpensesAmt02686769
IRS990/PYSalariesCompEmpBnftPaidAmt05605149
IRS990/PYTotalExpensesAmt013208215
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015894984
IRS990/ReconcilationRevenueExpnssAmt02494833
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt033683810
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt041486103
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0124867854
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0142141736
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04359778
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02074655
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06434433
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0260387
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01186364
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01446751
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01707316
IRS990ScheduleD/ExpensesSubtotalAmt012378203
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt03968219
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03968219
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0101103
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0215017
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0316120
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt01707316
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0449416
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01981790
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02431206
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0282301925
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposits
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01707316
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01707316
IRS990ScheduleD/RevenueSubtotalAmt014873036
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ATM & VISA Expenses are offset against income.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ATM & VISA expenses are offset against income.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09138903
IRS990ScheduleD/TotalExpensesPerForm990Amt014085519
IRS990ScheduleD/TotalLiabilityAmt0282301925
IRS990ScheduleD/TotalRevenuePerForm990Amt016580352
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014873036
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012378203
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0341326
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount063039
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt015092
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Robert C Donley
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0419457
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$326,531,018
Liabilities
$285,044,915
Net assets
$41,486,103
Revenue
$16,580,352
Expenses
$14,085,519
Net income
$2,494,833
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$438$376$62.4$27.4$22.7$4.75
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$435$378$57.3$26.9$20.1$6.82
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$463$412$51.1$22.5$16.3$6.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$455$408$46.6$18.5$14.7$3.81
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$394$351$43.4$16.3$14.4$1.81
2019Detailed filing. Detailed filing data is available for this year.$327$285$41.5$16.6$14.1$2.49
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$278$244$33.7$15.9$13.2$2.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$275$243$31.2$14.6$12.5$2.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$275$246$29.4$13.8$12.3$1.49
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$267$240$27.1$13.4$12.2$1.19
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$255$228$26.1$13.3$12.3$1.02
2013Detailed filing. Detailed filing data is available for this year.$244$223$21.4$13.4$12.6$0.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$243$217$25.7$13.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$229$205$24.3$14.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$233$211$22.7$15.1