Civic Intelligence

State Chartered Credit Unions in North Carolina

990 • Fiscal year 2016 • EIN 56-6054784

Jan 01, 2016 to Dec 31, 2016 • Filed on May 05, 2017

Organization ProfileWWW.MOUNTAINCU.ORG

View Organization Page

38 Maple StreetWaynesville, NC 28786

(828) 456-8627

Siviq Scores

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

Liabilities / Assets

45th percentile

0.89x

Higher debt load relative to assets than 45% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

32nd percentile

16.04x

Higher debt load relative to revenue than 32% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Net Margin

34th percentile

7.3%

Higher net margin than 34% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

96th percentile

$438,245

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Asset Growth

42nd percentile

3.7%

Faster asset growth than 42% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

36th percentile

3.7%

Faster revenue growth than 36% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$185,503,612

Up $6,670,251 (+3.7%) from 2015

Net Assets

Up

$20,050,584

Up $749,524 (+3.9%) from 2015

Liabilities

Up

$165,453,028

Up $5,920,727 (+3.7%) from 2015

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin34th percentile

Revenue

Up

$10,316,522

Up $369,128 (+3.7%) from 2015

Expenses

Up

$9,566,998

Up $1,137,010 (+13%) from 2015

Net Income

Down

$749,524

Down $767,882 (-51%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$400M$300M$200M$100M$0Assets 2010: $103,248,963Liabilities 2010: $92,751,455Net Assets 2010: $10,497,5082010Assets 2011: $129,448,290Liabilities 2011: $115,314,664Net Assets 2011: $14,133,6262011Assets 2012: $146,556,795Liabilities 2012: $131,394,419Net Assets 2012: $15,162,3762012Assets 2013: $156,665,146Liabilities 2013: $140,436,806Net Assets 2013: $16,228,3402013Assets 2014: $166,993,553Liabilities 2014: $149,209,899Net Assets 2014: $17,783,6542014Assets 2015: $178,833,361Liabilities 2015: $159,532,301Net Assets 2015: $19,301,0602015Assets 2016: $185,503,612Liabilities 2016: $165,453,028Net Assets 2016: $20,050,5842016Assets 2017: $203,270,518Liabilities 2017: $182,656,450Net Assets 2017: $20,614,0682017Assets 2018: $211,180,616Liabilities 2018: $189,382,858Net Assets 2018: $21,797,7582018Assets 2019: $223,408,099Liabilities 2019: $200,875,373Net Assets 2019: $22,532,7262019Assets 2020: $264,595,783Liabilities 2020: $241,100,112Net Assets 2020: $23,495,6712020Assets 2021: $320,707,218Liabilities 2021: $294,268,528Net Assets 2021: $26,438,6902021Assets 2022: $333,072,854Liabilities 2022: $301,379,024Net Assets 2022: $31,693,8302022Assets 2023: $340,964,502Liabilities 2023: $305,908,793Net Assets 2023: $35,055,7092023Assets 2024: $347,974,427Liabilities 2024: $310,147,879Net Assets 2024: $37,826,5482024

Highlighted filing

2016

Assets$185,503,612
Liabilities$165,453,028
Net Assets$20,050,584
Open 2016 Filing

Operations Trend

Revenue Growth36th percentile

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

$30M$20M$10M$0Expenses 2010: $6,030,3352010Expenses 2011: $6,764,3112011Expenses 2012: $7,554,1702012Revenue 2013: $8,648,796Expenses 2013: $7,582,832Net Income 2013: $1,065,9642013Revenue 2014: $9,174,866Expenses 2014: $7,619,552Net Income 2014: $1,555,3142014Revenue 2015: $9,947,394Expenses 2015: $8,429,988Net Income 2015: $1,517,4062015Revenue 2016: $10,316,522Expenses 2016: $9,566,998Net Income 2016: $749,5242016Revenue 2017: $10,604,648Expenses 2017: $9,923,938Net Income 2017: $680,7102017Revenue 2018: $11,608,714Expenses 2018: $10,425,024Net Income 2018: $1,183,6902018Revenue 2019: $12,157,101Expenses 2019: $11,305,989Net Income 2019: $851,1122019Revenue 2020: $11,754,043Expenses 2020: $10,874,503Net Income 2020: $879,5402020Revenue 2021: $13,383,027Expenses 2021: $10,896,116Net Income 2021: $2,486,9112021Revenue 2022: $17,481,627Expenses 2022: $12,490,697Net Income 2022: $4,990,9302022Revenue 2023: $20,412,469Expenses 2023: $16,007,325Net Income 2023: $4,405,1442023Revenue 2024: $21,766,382Expenses 2024: $18,997,747Net Income 2024: $2,768,6352024

Highlighted filing

2016

Revenue$10,316,522
Expenses$9,566,998
Net Income$749,524
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 5, 2017
Return Version
2016v3.0
Gross Receipts
$10,316,522
Mission and Program Overview

Mission

State chartered credit union mutually owned by our 26,608 members, to promote thrift, issue shares and maintain accounts, and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested.

State chartered credit union mutually owned by our 23,053 members, to promote thrift, issue shares and maintain accounts, and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$106,658,380$102,152,670▼ $4,505,710
Investments Program Related$42,773,327$47,959,919▲ $5,186,592
Rtn Earn Endowment Incm Other Fnds$19,301,060$20,050,584▲ $749,524
Savings and Temporary Cash Investments$15,008,789$19,287,738▲ $4,278,949
Land, Buildings, and Equipment, Net$5,391,164$6,416,922▲ $1,025,758
Cash and Non-Interest-Bearing Accounts$3,568,717$4,232,853▲ $664,136
Prepaid Expenses and Deferred Charges$295,214$198,953▼ $96,261
Total Assets$178,833,361$185,503,612▲ $6,670,251
Other Assets Total$5,137,770$5,254,557▲ $116,787
Liabilities
Other Liabilities$158,228,098$162,840,789▲ $4,612,691
Accounts Payable and Accrued Expenses$1,304,203$2,612,239▲ $1,308,036
Total Liabilities$159,532,301$165,453,028▲ $5,920,727
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,301,060$20,050,584▲ $749,524
Total Liabilities and Net Assets / Fund Balance$178,833,361$185,503,612▲ $6,670,251

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$5,376,000--
Buildings$2,587,871$588,794-
Other Land Buildings$385,020--
Land$1,743,457--
Equipment$1,584,326$3,284,693-
Leasehold Improvements$116,248$304,583-
Other Assets Org$4,797,912--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patty IdolCEOFT$203,065$235,180$438,245
Amy WoodyExecutive Vice PresidentFT$125,405$88,824$214,229
Chuck ReeceHrmFT$77,474-$77,474
Tanya HaskettRmFT$75,941-$75,941
Kim WagnerRmFT$72,931-$72,931

Board Members and Trustees

NameTitle
Cindy RamseyDirector
David BlantonDirector
Donald CooperDirector
Robbie OwnbeyDirector
Robert CatheyDirector
Roy KeithleyDirector
Sherri RogersDirector
James RobertsonSupervisory Committee
Janet BurnetteSupervisory Committee
Leneah DysonSupervisory Committee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,316,522
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$749,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,316,522
Total Revenue per Audited Statements
$10,316,522
Total Revenue per Form 990
$10,316,522
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,088,482
Salaries, Compensation, and Employee Benefits$3,789,162
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$2,877,308--$2,877,308
Other Salaries and Wages$2,320,606--$2,320,606
Benefits to Members$689,354--$689,354
Other Employee Benefits$651,821--$651,821
Occupancy$382,976--$382,976
Current Officers, Directors, Trustees, and Key Employees$348,528--$348,528
Payroll Taxes$330,185--$330,185
Pension Plan Contributions$138,022--$138,022
Conferences and Meetings$125,174--$125,174
Other Expenses$42,003--$42,003
Total Functional Expenses$9,566,998$0$0$9,566,998

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,566,998
Total Expenses per Audited Statements$9,566,998
Total Expenses per Form 990$9,566,998
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$70,407,258
Share Draft Accounts$30,824,168
Money Market Shares$30,182,479
Irakeogh Accounts$20,467,605
Share Certificates$10,959,279
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 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

Members or stockholder classes and rights Part VI line 6

“The charter and bylaws call for an annual election of directors by the members. Each member is entitled to one vote irrespective of the number of shares/deposits.”

Member election for additional members Part VI line 7A

“The charter and bylaws call for an annual election of directors by the members. Each member is entitled to one vote irrespective of the number of shares/deposits. The candidates for director are nominated by a nominating committee appointed by the board of directors. The directors are elected at an annual meeting called for in the bylaws.”

Governing body decisions Part VI line 7B

“The charter and bylaws call for an annual election of directors by the members. Each member is entitled to one vote irrespective of the number of shares/deposits. The candidates for director are nominated by a nominating committee appointed by the board of directors. The directors are elected at an annual meeting called for in the bylaws.”

Governing body meeting documentation Part VI line 8A

“Under the bylaws, the directors meet monthly to review the operations of the credit union. Their actions are documented in written monthly minutes. The board of directors approve the operating policies that direct management in the day-to-day operations of the credit union.”

Committee meeting documentation Part VI line 8B

“The board of directors appoint committees to oversee specific operations of the credit union including an audit committee, which hires an independent auditor to perform an annual audit of the credit union, and a personnel committee which recommends an overall compensation plan for the credit union as a whole. Committee minutes are maintained. Committee recommendations are voted on/approved by the full board of directors.”

Form 990 governing body review Part VI line 11

“This form 990 will be provided to all board members for review after filing at the next board meeting.”

Conflict of interest policy compliance Part VI line 12C

“The credit union has a written conflict of interest policy. All officers, directors, and key employees are required to disclose annually any interest that could give rise to conflicts. All material contracts are approved by the board of directors.”

CEO executive director top management comp Part VI line 15A

“The personnel committee recommends compensation for the ceo, management, and staff based on an annual survey of compensation of credit unions of comparable size and job classifications and other factors. The overall compensation plan, including ceo and management compensation, is reviewed/approved by the board of directors.”

Other officer or key employee compensation Part VI line 15B

“The personnel committee recommends compensation for the ceo, management, and staff based on an annual survey of compensation of credit unions of comparable size and job classifications and other factors. The overall compensation plan, including ceo and management compensation, is reviewed/approved by the board of directors. For staff, the ceo and/or department managers complete annual employee evaluations and are authorized to set staff compensation within the range approved by the personnel committee and board of directors.”

Form 990 availability to public Part VI line 18

“Upon request, copies of the credit unions annual form 990 is provided to any member or non-member that requests a copy.”

Governing documents etc available to public Part VI line 19

“Written copies of policies and procedures are provided to members upon request. Monthly financial reports are posted in the lobby for members review.”

Filing and Contact Details

Filer

Filer Name
Mountain Credit Union
EIN
56-6054784
Address
38 MAPLE STREET, WAYNESVILLE, NC 28786

Signing Officer

Name
Patty Idol
Title
CFO
Phone
8284568627
Signed
2017-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patty Idol
Formed
1963
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
75
Volunteers
10

Preparer

Firm
Peters and Associates
Address
9050 Executive Prk Dr Ste 220A, Knoxville, TN 37923
Preparer
Craig Peters
Phone
8656947128
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“Other expensesprovision for loan losses 1,031,390professional and outside services 1,733,960misc operating expenses 111,958total 2,877,308”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SUPERVISORY COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7SUPERVISORY COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8SUPERVISORY COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12HRM
IRS990/Form990PartVIISectionAGrp/TitleTxt13RM
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IRS990/MissionDesc0STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 23,053 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES AND MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED.
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IRS990/OtherExpensesGrp/Desc1EDUCATIONAL AND PROMOTIONAL
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
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IRS990/ProgramServiceRevenueGrp/Desc1INVESTMENT INTEREST
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt03284693
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt339776000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt45376000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CORPORATE CREDIT UNIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NCUSIF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2HELD TO MATURITY SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3DEP IN COMM BANKS S&LS SVGS BANK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4OTHER INVESTMENTS
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01743457
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FORECLOSED AND REPOSSESSED ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST ON LOANS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INTEREST ON INVESTMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER ASSETS LESS PREPAIDS
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IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0385020
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030824168
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE DRAFT ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4IRAKEOGH ACCOUNTS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1AMY WOODY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE VICE PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNDER THE BYLAWS, THE DIRECTORS MEET MONTHLY TO REVIEW THE OPERATIONS OF THE CREDIT UNION. THEIR ACTIONS ARE DOCUMENTED IN WRITTEN MONTHLY MINUTES. THE BOARD OF DIRECTORS APPROVE THE OPERATING POLICIES THAT DIRECT MANAGEMENT IN THE DAY-TO-DAY OPERATIONS OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS APPOINT COMMITTEES TO OVERSEE SPECIFIC OPERATIONS OF THE CREDIT UNION INCLUDING AN AUDIT COMMITTEE, WHICH HIRES AN INDEPENDENT AUDITOR TO PERFORM AN ANNUAL AUDIT OF THE CREDIT UNION, AND A PERSONNEL COMMITTEE WHICH RECOMMENDS AN OVERALL COMPENSATION PLAN FOR THE CREDIT UNION AS A WHOLE. COMMITTEE MINUTES ARE MAINTAINED. COMMITTEE RECOMMENDATIONS ARE VOTED ON/APPROVED BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS FORM 990 WILL BE PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AFTER FILING AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. ALL MATERIAL CONTRACTS ARE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT, AND STAFF BASED ON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB CLASSIFICATIONS AND OTHER FACTORS. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT, AND STAFF BASED ON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB CLASSIFICATIONS AND OTHER FACTORS. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/APPROVED BY THE BOARD OF DIRECTORS. FOR STAFF, THE CEO AND/OR DEPARTMENT MANAGERS COMPLETE ANNUAL EMPLOYEE EVALUATIONS AND ARE AUTHORIZED TO SET STAFF COMPENSATION WITHIN THE RANGE APPROVED BY THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9UPON REQUEST, COPIES OF THE CREDIT UNIONS ANNUAL FORM 990 IS PROVIDED TO ANY MEMBER OR NON-MEMBER THAT REQUESTS A COPY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10WRITTEN COPIES OF POLICIES AND PROCEDURES ARE PROVIDED TO MEMBERS UPON REQUEST. MONTHLY FINANCIAL REPORTS ARE POSTED IN THE LOBBY FOR MEMBERS REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11OTHER EXPENSESPROVISION FOR LOAN LOSSES 1,031,390PROFESSIONAL AND OUTSIDE SERVICES 1,733,960MISC OPERATING EXPENSES 111,958TOTAL 2,877,308
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$185,503,612
Liabilities
$165,453,028
Net assets
$20,050,584
Revenue
$10,316,522
Expenses
$9,566,998
Net income
$749,524
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$348$310$37.8$21.8$19.0$2.77
2023Detailed filing. Detailed filing data is available for this year.$341$306$35.1$20.4$16.0$4.41
2022Detailed filing. Detailed filing data is available for this year.$333$301$31.7$17.5$12.5$4.99
2021Detailed filing. Detailed filing data is available for this year.$321$294$26.4$13.4$10.9$2.49
2020Detailed filing. Detailed filing data is available for this year.$265$241$23.5$11.8$10.9$0.88
2019Detailed filing. Detailed filing data is available for this year.$223$201$22.5$12.2$11.3$0.85
2018Detailed filing. Detailed filing data is available for this year.$211$189$21.8$11.6$10.4$1.18
2017Detailed filing. Detailed filing data is available for this year.$203$183$20.6$10.6$9.92$0.68
2016Detailed filing. Detailed filing data is available for this year.$186$165$20.1$10.3$9.57$0.75
2015Detailed filing. Detailed filing data is available for this year.$179$160$19.3$9.95$8.43$1.52
2014Detailed filing. Detailed filing data is available for this year.$167$149$17.8$9.17$7.62$1.56
2013Detailed filing. Detailed filing data is available for this year.$157$140$16.2$8.65$7.58$1.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$147$131$15.2$7.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$115$14.1$6.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$103$92.8$10.5$6.03
Peer Organizations

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