Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
Southeastern Credit Union
990 • Fiscal year 2017 • EIN 58-0801176
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.90x
Liabilities / Revenue
38th percentile
Higher debt load relative to revenue than 38% of similar nonprofits.
Net Margin
43rd percentile
Higher net margin than 43% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 2.1% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
27th percentile
Faster revenue growth than 27% of similar nonprofits.
Balance Sheet
Assets
Up$240,932,850
Up $12,148,121 (+5.3%) from 2016
Net Assets
Up$23,158,351
Up $1,408,408 (+6.5%) from 2016
Liabilities
Up$217,774,499
Up $10,739,713 (+5.2%) from 2016
Revenue And Expenses
Revenue
Up$13,212,255
Up $374,884 (+2.9%) from 2016
Expenses
Up$11,981,316
Up $849,641 (+7.6%) from 2016
Net Income
Down$1,230,939
Down $474,757 (-28%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Nov 8, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $16,940,989
Mission and Program Overview
Mission
The mission of southeastern credit union is to deliver value and provide legendary service to its membership.
The mission of southeastern credit union is to deliver value and provide legendary service to its membership. Southeastern credit union is a community chartered organization covering twelve south georgia counties (benn hill, berrien, brooks, cook, echols, irwin, lanier, lowndes, tift, turner, ware and pierce). Southeastern credit union is organized and chartered under the laws of georgia to provide financial services to individuals and businesses.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $141,222,905 | $164,388,309 | ▲ $23,165,404 |
| Investments in Publicly Traded Securities | $49,466,469 | $48,903,030 | ▼ $563,439 |
| Rtn Earn Endowment Incm Other Fnds | $21,749,943 | $23,158,351 | ▲ $1,408,408 |
| Land, Buildings, and Equipment, Net | $8,895,067 | $8,741,302 | ▼ $153,765 |
| Savings and Temporary Cash Investments | $19,163,264 | $7,745,674 | ▼ $11,417,590 |
| Cash and Non-Interest-Bearing Accounts | $3,292,753 | $3,961,141 | ▲ $668,388 |
| Investments Other Securities | $1,891,735 | $1,891,000 | ▼ $735 |
| Receivables From Officers Etc | $486,000 | $729,000 | ▲ $243,000 |
| Prepaid Expenses and Deferred Charges | $257,338 | $465,937 | ▲ $208,599 |
| Intangible Assets | $98,857 | $86,918 | ▼ $11,939 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $228,784,729 | $240,932,850 | ▲ $12,148,121 |
| Other Assets Total | $4,010,341 | $4,020,539 | ▲ $10,198 |
| Liabilities | |||
| Other Liabilities | $204,268,950 | $214,166,899 | ▲ $9,897,949 |
| Accounts Payable and Accrued Expenses | $2,710,492 | $3,513,853 | ▲ $803,361 |
| Escrow Account Liability | $55,344 | $93,747 | ▲ $38,403 |
| Total Liabilities | $207,034,786 | $217,774,499 | ▲ $10,739,713 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $21,749,943 | $23,158,351 | ▲ $1,408,408 |
| Total Liabilities and Net Assets / Fund Balance | $228,784,729 | $240,932,850 | ▲ $12,148,121 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $5,320,214 | $1,684,179 | $7,004,393 |
| Land | $2,947,708 | - | $2,947,708 |
| Equipment | $420,593 | $1,910,751 | $2,331,344 |
| Leasehold Improvements | $52,787 | $120,799 | $173,586 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| E Michael Gudely | CEO | FT | $242,470 | $37,059 | $279,529 |
| James P Doyle | CFO | FT | $145,913 | $40,549 | $186,462 |
| Sharon L Labranche | COO | FT | $144,642 | $33,060 | $177,702 |
| Matthew Williams | Mortgage Lender | FT | $30,429 | $120,797 | $151,226 |
| Steven P Sainz | SVP/CRO | FT | $118,208 | $32,111 | $150,319 |
| Donnee L Upson | VP It | FT | $119,209 | $15,589 | $134,798 |
| Berry C Tanner | Ware/pierce Area Executive | FT | $100,770 | $5,206 | $105,976 |
Board Members and Trustees
| Name | Title |
|---|---|
| Anthony Payton | Chairman |
| Jerry Permenter | Chairman Supervisory Committee |
| John Leonard | Vice-chairman |
| Charles Eidson | Director |
| Dr Wayne Plumly | Director |
| Molly Deese | Secretary |
| Roy Mcneal | Treasurer |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Fiserv | Data Processing Services | PO BOX 745148, Atlanta, GA 30374 | $677,101 |
| Lee Office Equipment | Services | 201 WEST HILL AVE, Valdosta, GA 31601 | $129,432 |
| Jm Floyd And Associates | Services | 125 N BURNETT DR, Baytown, TX 77520 | $119,209 |
| Lee & Mason Financial Services | Services | PO BOX 270, Northville, NY 12134 | $113,834 |
| Symitar | Services | 8985 BALBOA AVE, San Diego, CA 92123-1507 | $113,088 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $11,758,532
- Investment Income
- $1,135,765
- Other Revenue
- $317,958
- Change in Net Assets
- $1,230,939
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $13,217,569
- Revenue Not Reported on Financial Statements
- $-5,314
- Revenue Not Reported on Form 990
- $0
- Other Revenue Adjustments
- $-5,314
- Total Revenue per Audited Statements
- $13,217,569
- Total Revenue per Form 990
- $13,212,255
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $6,902,029 |
| Salaries, Compensation, and Employee Benefits | $5,079,287 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $3,605,219 |
| Interest | - | - | - | $1,057,551 |
| Fees for Services Other | - | - | - | $923,857 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $643,693 |
| Office Expenses | - | - | - | $583,267 |
| All Other Expenses | - | - | - | $466,260 |
| Depreciation Depletion | - | - | - | $432,714 |
| Other Employee Benefits | - | - | - | $414,558 |
| Occupancy | - | - | - | $406,866 |
| Payroll Taxes | - | - | - | $315,148 |
| Other Expenses | - | - | - | $310,918 |
| Advertising | - | - | - | $300,094 |
| Fees for Services Accounting | - | - | - | $112,375 |
| Pension Plan Contributions | - | - | - | $100,669 |
| Insurance | - | - | - | $94,554 |
| Payments to Affiliates | - | - | - | $79,519 |
| Conferences and Meetings | - | - | - | $67,028 |
| Fees for Services Legal | - | - | - | $42,858 |
| Total Functional Expenses | $0 | $0 | $0 | $11,981,316 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $11,986,631 |
| Expenses per Audited Statements | $11,981,316 |
| Total Expenses per Form 990 | $11,981,316 |
| Expenses Not Reported on Form 990 | $5,315 |
| Expenses Not Reported on Financial Statements | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $486,000 | $729,000 | ▲ $243,000 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Money Market Accounts | $67,047,156 |
| Shares | $62,957,416 |
| Certificates of Deposit | $46,325,087 |
| Share Draft Accounts | $33,201,914 |
| Ira Shares | $4,635,326 |
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
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- Yes
- 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
“The annual meeting of members of the credit union shall be held during the month of march, for the purpose of electing directors and transacting any and all business that may properly come before the meeting. Any vacancy on the board or supervisory committee shall be filled by vote of a majority of the directors then holding office, even though less than a quorum. Directors so appointed shall hold office only until the next annual meeting, at which any unexpired terms shall be filled by vote of the members, and until the qualification of their successors. Members of the supervisory committee so appointed shall hold office until the first regular meeting of the board following the next at which the regular term expires and until the appointment and qualification of their successors.”
Form 990, Part VI, Section A, Line 7B
“Members of the credit union have the right to approve the governing body's election and removal of directors and field of membership. Bylaws adopted by the board of directors may be altered, amended or repealed, and new bylaws adopted by the members. The members may prescribe that any bylaw or bylaws adopted by them shall not be altered, amended or repealed, by the board of directors. As well as other matters that are subject to the approval of members of the credit union as they occur.”
Form 990, Part VI, Section B, Line 11B
“The return is prepared by a third party cpa firm. The return is reviewed by the ceo and cfo. Once the review and any necssary corrections are completed, the return is filed.”
Form 990, Part VI, Section B, Line 15A
“The personnel committee of the credit union engaged an independent third party to conduct an analysis of ceo compensation in 2017.”
Form 990, Part VI, Section C, Line 19
“Governing documents and conflict of interest policies are not made available to the public. Financial statements are made available to the public on the ncua's website via the 5300 call report filing.”
Filing and Contact Details
Filer
- Filer Name
- Southeastern Credit Union
- EIN
- 58-0801176
- Phone
- 2292442732
- Address
- PO BOX 2067, VALDOSTA, GA 31604-2067
Signing Officer
- Name
- E Michael Gudely
- Title
- President/CEO
- Phone
- 2292931318
- Signed
- 2018-11-08
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- E Michael Gudely
- Formed
- 1953
- Legal Domicile
- Ga
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 87
- Volunteers
- 8
Preparer
- Firm
- Elliott Davis Llcpllc
- Address
- 1901 MAIN STREET SUITE 900, COLUMBIA, SC 29201
- Preparer
- Beverly Seier
- Phone
- 8032560002
Supplemental Narrative
Additional Explanations
FORM 990, PART XII, LINE 2C:
“There were no changes in the process of the committee that assumes responsibility of the oversight of the audit and selection of the independent auditor.”
Financial Statement Notes
PART IV, LINE 2B:
“As a mortgage loan servicer, the credit union receives property tax payments and insurance payments and then remits these funds to the applicable third parties on behalf of the borrowers.”
PART X, LINE 2:
“The credit union is exempt from most federal, state, and local taxes under the provisions of the internal revenue code and the state tax laws. The income taxes topic of the fasb asc clarifies accounting for uncertainty in income taxes reported in the financial statements. The interpretation provides criteria for assessment of individual tax positions and a process for recognition and measurement of uncertain tax positions. Tax positions are evaluated on whether they meet the "more likely than not" standard for sustainability upon examination by tax authorities. The credit union is a state-chartered credit union as defined in internal revenue code (irc) section 501(c) (14). As such, the credit union is exempt from federal taxation of income derived from the performance of activities directly related to its exempt purposes. However, irc section 511 imposes a tax on the unrelated business income (ubi) derived by state-chartered credit unions. Beginning in march 2008, the internal revenue service (irs) released technical advice memorandums (tams) to specific state-chartered credit unions specifying the revenue sources subject to unrelated business income tax (ubit). Ubi may also be subject to tax in certain states. Management has assessed the credit union's activities and any potential federal or state income tax liability and determined that the credit union has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Additionally, no interest and penalties have been recorded in the accompanying financial statements related to uncertain tax positions. Prior to the conversion to a state charter, the credit union was not required to file any federal income tax returns.”
PART XI, LINE 4B - OTHER ADJUSTMENTS:
“Net losses on investments reported as revenue on tax return”
PART XII, LINE 2D - OTHER ADJUSTMENTS:
“Net losses on investments reported as revenue on tax return rounding”
Raw XML AppendixShowing 400 of 590 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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 2710492 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 3513853 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE MISSION OF SOUTHEASTERN CREDIT UNION IS TO DELIVER VALUE AND PROVIDE LEGENDARY SERVICE TO ITS MEMBERSHIP. SOUTHEASTERN CREDIT UNION IS A COMMUNITY CHARTERED ORGANIZATION COVERING TWELVE SOUTH GEORGIA COUNTIES (BENN HILL, BERRIEN, BROOKS, COOK, ECHOLS, IRWIN, LANIER, LOWNDES, TIFT, TURNER, WARE AND PIERCE). SOUTHEASTERN CREDIT UNION IS ORGANIZED AND CHARTERED UNDER THE LAWS OF GEORGIA TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS AND BUSINESSES. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 300094 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 466260 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 0 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | E MICHAEL GUDELY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2292442732 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 2067 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | VALDOSTA |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | GA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 316042067 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 3292753 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 3961141 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 5 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 643693 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 67028 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 677101 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 129432 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 119209 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 113834 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 4 | 113088 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | PO BOX 745148 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 201 WEST HILL AVE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 2 | 125 N BURNETT DR |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 3 | PO BOX 270 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 4 | 8985 BALBOA AVE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | ATLANTA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | VALDOSTA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | BAYTOWN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 3 | NORTHVILLE |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | GA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | TX |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 3 | NY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 4 | CA |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 31601 |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 3 | 12134 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 4 | 921231507 |
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| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | LEE OFFICE EQUIPMENT |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 2 | JM FLOYD AND ASSOCIATES |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 3 | LEE & MASON FINANCIAL SERVICES |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 4 | SYMITAR |
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| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 4 | SERVICES |
| IRS990/CreditCounselingInd | 0 | 1 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 1135765 |
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| IRS990/CYOtherRevenueAmt | 0 | 317958 |
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| IRS990/CYTotalExpensesAmt | 0 | 11981316 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 13212255 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 432714 |
| IRS990/Desc | 0 | SOUTHEASTERN CREDIT UNION SERVED THE FINANCIAL NEEDS OF 26,583 MEMBERS IN 2017. IT PROVIDED BUSINESS AND CONSUMER LOANS AND DEPOSITS TOTALING $165.6 MILLION AND $214.3 MILLION, RESPECTIVELY, THROUGH SEVEN FULL SERVICE LOCATIONS. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 87 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 55344 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 93747 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
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| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 42858 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 923857 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 40.00 |
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| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 27282 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 15873 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 19924 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 15402 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 15589 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 5206 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 8751 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ANTHONY PAYTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JOHN LEONARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ROY MCNEAL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MOLLY DEESE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JERRY PERMENTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CHARLES EIDSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | DR WAYNE PLUMLY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | E MICHAEL GUDELY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | SHARON L LABRANCHE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | JAMES P DOYLE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | STEVEN P SAINZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | DONNEE L UPSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | BERRY C TANNER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | MATTHEW WILLIAMS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 252247 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 161829 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 166538 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 134917 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 119209 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 100770 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 142475 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE-CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CHAIRMAN SUPERVISORY COMMITTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | COO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | CFO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | SVP/CRO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | VP IT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | WARE/PIERCE AREA EXECUTIVE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | MORTGAGE LENDER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 0 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1953 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | -5314 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 3723420 |
| IRS990/GrossReceiptsAmt | 0 | 16940989 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 7 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/TotalAmt | 0 | 94554 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 98857 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 86918 |
| IRS990/InterestGrp/TotalAmt | 0 | 1057551 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 1141079 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1141079 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 1891735 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 1891000 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 49466469 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 48903030 |
| IRS990/IRPDocumentCnt | 0 | 5285 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 3715729 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 8895067 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 8741302 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 12457031 |
| IRS990/LegalDomicileStateCd | 0 | GA |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 3728734 |
| IRS990/LoanOutstandingInd | 0 | 1 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE MISSION OF SOUTHEASTERN CREDIT UNION IS TO DELIVER VALUE AND PROVIDE LEGENDARY SERVICE TO ITS MEMBERSHIP. SOUTHEASTERN CREDIT UNION IS A COMMUNITY CHARTERED ORGANIZATION COVERING TWELVE SOUTH GEORGIA COUNTIES (BENN HILL, BERRIEN, BROOKS, COOK, ECHOLS, IRWIN, LANIER, LOWNDES, TIFT, TURNER, WARE AND PIERCE). SOUTHEASTERN CREDIT UNION IS ORGANIZED AND CHARTERED UNDER THE LAWS OF GEORGIA TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS AND BUSINESSES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 21749943 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 23158351 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -5314 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -5314 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -76119 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 177469 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 406866 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 583267 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 4010341 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 4020539 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 414558 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/Desc | 1 | BANK FEES |
| IRS990/OtherExpensesGrp/Desc | 2 | LOAN SERVICING |
| IRS990/OtherExpensesGrp/Desc | 3 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 981850 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 643802 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 398516 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 310918 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 204268950 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 214166899 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 522100 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISCELLANEOUS INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 317958 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 317958 |
| IRS990/OtherRevenueTotalAmt | 0 | 317958 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 3605219 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 141222905 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 164388309 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 79519 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 315148 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 100669 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 257338 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 465937 |
| IRS990/PrincipalOfficerNm | 0 | E MICHAEL GUDELY |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INCOME FROM LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | FEES, CHARGES, AND OTHER INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | UNRELATED BUSINESS INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 7084655 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 4551400 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 7084655 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 4551400 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 122477 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 122477 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | SOUTHEASTERN CREDIT UNION SEEKS TO BE A GOOD COMMUNITY CITIZEN AND IS INVOLVED IN MANY COMMUNITY SERVICE ACTIVITIES. IN ITS 2017 FILL-A-TRUCK FOOD DRIVE, SOUTHEASTERN CREDIT UNION ORGANIZED EFFORTS TO RAISE 50,000 POUNDS OF FOOD THAT WAS DONATED TO LOCAL FOOD BANKS TO ASSIST RESIDENTS IN NEED. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 824898 |
| IRS990/PYOtherExpensesAmt | 0 | 6755296 |
| IRS990/PYOtherRevenueAmt | 0 | 414062 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 11598411 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 1705696 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 4376379 |
| IRS990/PYTotalExpensesAmt | 0 | 11131675 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 12837371 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 486000 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 729000 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1230939 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 21749943 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 23158351 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 19163264 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 7745674 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 5320214 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1684179 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 7004393 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 420593 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 1910751 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 2331344 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 5315 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 11981316 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 1 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 2947708 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 2947708 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 52787 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 120799 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 173586 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 5315 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 62957416 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 4635326 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 46325087 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 33201914 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 67047156 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | SHARES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | IRA SHARES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | CERTIFICATES OF DEPOSIT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | SHARE DRAFT ACCOUNTS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | MONEY MARKET ACCOUNTS |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | -5314 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | -5314 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 13217569 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | AS A MORTGAGE LOAN SERVICER, THE CREDIT UNION RECEIVES PROPERTY TAX PAYMENTS AND INSURANCE PAYMENTS AND THEN REMITS THESE FUNDS TO THE APPLICABLE THIRD PARTIES ON BEHALF OF THE BORROWERS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND THE STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C) (14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. PRIOR TO THE CONVERSION TO A STATE CHARTER, THE CREDIT UNION WAS NOT REQUIRED TO FILE ANY FEDERAL INCOME TAX RETURNS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | NET LOSSES ON INVESTMENTS REPORTED AS REVENUE ON TAX RETURN |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 3 | NET LOSSES ON INVESTMENTS REPORTED AS REVENUE ON TAX RETURN ROUNDING |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART IV, LINE 2B: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 8741302 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 11981316 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 214166899 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 13212255 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 13217569 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 11986631 |
| IRS990ScheduleJ/CompensationCommitteeInd | 0 | X |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/IndependentConsultantInd | 0 | X |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 242470 |
Document Assets
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Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $240,932,850
- Liabilities
- $217,774,499
- Net assets
- $23,158,351
- Revenue
- $13,212,255
- Expenses
- $11,981,316
- Net income
- $1,230,939