Civic Intelligence

Cgr Credit Union

990 • Fiscal year 2018 • EIN 58-1122970

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 30, 2019

2040 Ingleside AveMacon, GA 31204

(478) 745-0494

Siviq Scores

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

Liabilities / Assets

14th percentile

0.82x

Higher debt load relative to assets than 14% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

12th percentile

11.36x

Higher debt load relative to revenue than 12% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Net Margin

80th percentile

20%

Higher net margin than 80% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

90th percentile

$235,471

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Asset Growth

81st percentile

5.4%

Faster asset growth than 81% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

66th percentile

12%

Faster revenue growth than 66% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$90,489,769

Up $4,638,469 (+5.4%) from 2017

Net Assets

Up

$16,397,814

Up $2,161,460 (+15%) from 2017

Liabilities

Up

$74,091,955

Up $2,477,009 (+3.5%) from 2017

Revenue

Up

$6,522,109

Up $697,014 (+12%) from 2017

Expenses

Up

$5,231,032

Up $335,851 (+6.9%) from 2017

Net Income

Up

$1,291,077

Up $361,163 (+39%) from 2017

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2008: $33,866,925Liabilities 2008: $29,371,687Net Assets 2008: $4,495,2382008Assets 2009: $44,724,199Liabilities 2009: $39,884,920Net Assets 2009: $4,839,2792009Assets 2010: $45,951,319Liabilities 2010: $40,304,712Net Assets 2010: $5,646,6072010Assets 2015: $82,590,535Liabilities 2015: $69,782,688Net Assets 2015: $12,807,8472015Assets 2016: $83,086,297Liabilities 2016: $69,268,741Net Assets 2016: $13,817,5562016Assets 2017: $85,851,300Liabilities 2017: $71,614,946Net Assets 2017: $14,236,3542017Assets 2018: $90,489,769Liabilities 2018: $74,091,955Net Assets 2018: $16,397,8142018Assets 2019: $92,762,298Liabilities 2019: $75,031,198Net Assets 2019: $17,731,1002019Assets 2020: $109,579,321Liabilities 2020: $91,204,997Net Assets 2020: $18,374,3242020Assets 2021: $116,663,240Liabilities 2021: $97,610,738Net Assets 2021: $19,052,5022021Assets 2022: $113,701,166Liabilities 2022: $93,408,016Net Assets 2022: $20,293,1502022Assets 2023: $113,694,844Liabilities 2023: $91,997,721Net Assets 2023: $21,697,1232023Assets 2024: $112,331,366Liabilities 2024: $88,843,857Net Assets 2024: $23,487,5092024

Highlighted filing

2018

Assets$90,489,769
Liabilities$74,091,955
Net Assets$16,397,814

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2008: $100,899Expenses 2008: $101,668Net Income 2008: -$7692008Revenue 2009: $63,478Expenses 2009: $110,397Net Income 2009: -$46,9192009Revenue 2010: $84,530Expenses 2010: $122,146Net Income 2010: -$37,6162010Revenue 2015: $5,523,033Expenses 2015: $4,427,368Net Income 2015: $1,095,6652015Revenue 2016: $5,741,834Expenses 2016: $4,666,031Net Income 2016: $1,075,8032016Revenue 2017: $5,825,095Expenses 2017: $4,895,181Net Income 2017: $929,9142017Revenue 2018: $6,522,109Expenses 2018: $5,231,032Net Income 2018: $1,291,0772018Revenue 2019: $6,731,698Expenses 2019: $5,376,273Net Income 2019: $1,355,4252019Revenue 2020: $5,614,753Expenses 2020: $4,971,530Net Income 2020: $643,2232020Revenue 2021: $5,356,650Expenses 2021: $4,678,472Net Income 2021: $678,1782021Revenue 2022: $6,221,996Expenses 2022: $4,981,348Net Income 2022: $1,240,6482022Revenue 2023: $7,339,107Expenses 2023: $5,935,134Net Income 2023: $1,403,9732023Revenue 2024: $8,246,945Expenses 2024: $6,456,559Net Income 2024: $1,790,3862024

Highlighted filing

2018

Revenue$6,522,109
Expenses$5,231,032
Net Income$1,291,077
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 30, 2019
Return Version
2018v3.1
Gross Receipts
$6,522,109
Mission and Program Overview

Mission

Cgr credit union is a financial cooperative dedicated to providing savings and loans to our members utilizing safe business practices. Cgr credit union is here for our members who trust us with all their financial business and stay with us for life. The credit provides services for approximately 11,129 members in the form of loans, savings, and other financial services.

Credit uniont - to provide financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$35,486,162$37,034,968▲ $1,548,806
Savings and Temporary Cash Investments$43,326,080$28,739,386▼ $14,586,694
Rtn Earn Endowment Incm Other Fnds$14,236,354$15,717,593▲ $1,481,239
Investments Other Securities-$11,736,542-
Cash and Non-Interest-Bearing Accounts$2,719,508$5,858,079▲ $3,138,571
Prepaid Expenses and Deferred Charges$110,637$2,786,503▲ $2,675,866
Land, Buildings, and Equipment, Net$2,352,387$2,325,322▼ $27,065
Receivables From Officers Etc-$1,132,976-
Cap Stk Tr Prin Current Funds-$680,221-
Accounts Receivable$-814--
Total Assets$85,851,300$90,489,769▲ $4,638,469
Other Assets Total$1,857,340$875,993▼ $981,347
Liabilities
Other Liabilities$70,219,492$72,608,020▲ $2,388,528
Accounts Payable and Accrued Expenses$1,395,454$1,483,935▲ $88,481
Total Liabilities$71,614,946$74,091,955▲ $2,477,009
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,236,354$16,397,814▲ $2,161,460
Total Liabilities and Net Assets / Fund Balance$85,851,300$90,489,769▲ $4,638,469

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,637,946$626,610$2,264,556
Equipment$301,903$1,035,745$1,337,648
Land$364,200-$364,200
Leasehold Improvements$21,273$71,881$93,154
Other Securities$111,755--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert J JordanPresident/ceFT$183,570$51,901$235,471
Robert J JordanPresident/CEO-$170,029$65,442$235,471

Board Members and Trustees

NameTitle
Quentin JudeBoard Chairm
Donald SmithBoard Mem/su
Karen FarrBoard Mem/su
Gina KeadleBoard Member
Tim SlocumBoard Member
Clint HarperBoard Secret
Cathy PattersonBoard Vice C
Judy WareSuperviosry
Kevin CarterSupervisory
Stephanie ParkerSupervisory
Susan CraigSupervisory
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,532,514
Investment Income
$771,238
Other Revenue
$1,218,357
Change in Net Assets
$1,291,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,020,975
Salaries, Compensation, and Employee Benefits$2,210,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,734,157
Office Expenses---$564,118
Interest---$410,534
Other Employee Benefits---$298,755
Occupancy---$274,917
Other Expenses---$157,468
Payroll Taxes---$120,607
All Other Expenses---$112,969
Pension Plan Contributions---$56,538
Conferences and Meetings---$52,561
Total Functional Expenses$0$0$0$5,231,032
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dianne JordanPresident SpousLoan AdvanceNo$40,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$1,132,976-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$33,203,542
All Other Shares$27,558,634
Share Drafts$11,845,844
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The credit union is owned by the members.

Form 990, Page 6, Part VI, Line 7A

The board of directors is elected by the membership (one member, one vote). All duties, powers, and rsponsibilites are controlled by the board of directors. Election by members at the annual meeting of the membership is held the 2nd tuesday in february each year. Nominations are opened 45 days prior to the meeting and are submitted to the board appointed "nominating committee". Nominees are vetted to the extent that they are members in good standing and are financially responsible in their personal business. Nominations are also called for from the floor of the annual meeting and should there be a nominee from the floor, the supervisory committee is positioned to do an on-the-spot review of the nominee's qualifications.

Form 990, Page 6, Part VI, Line 7B

Some decisions made by the board of directors are affirmed by the members.

Form 990, Page 6, Part VI, Line 11B

Form 990 reviewed at a regular bod meeting.

Form 990, Page 6, Part VI, Line 12C

We have a code of ethics that covers conflicts of interest as well as our employee handbook. All officials are required to sign "conflict of interest" statement.

Form 990, Page 6, Part VI, Line 15A

The credit union uses hr performance solutions' product called compease as a benchmarking tool for all employees. The bod references this tool in their decisions for setting the ceo's salary. The board of directors reviews the ceo performance annually and consults with a third-party firm qualified to evaluate what is appropriate and competitive in both compensation and benefits.

Form 990, Page 6, Part VI, Line 15B

The credit union uses hr performance solutions product called compease as a benchmarking tool for all employees.

Form 990, Page 6, Part VI, Line 19

Governing documents that are not publicially available online are available upon request at the credit union's ingleside ave branch. The conflict of interest policy would also be available upon request. Financial statements are posted in the lobby of each branch by the 15th of the subsequent month.

Filing and Contact Details

Filer

Filer Name
Cgr Credit Union
EIN
58-1122970
Phone
4787450494
Address
2040 INGLESIDE AVE, MACON, GA 31204

Signing Officer

Name
Robert J Jordan
Title
President/CEO
Phone
4787450494
Signed
2019-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert J Jordan
Formed
1971
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
45
Volunteers
15

Preparer

Firm
Cu Audit & Compliance Group
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Hiram H Hollifield
Phone
2054372176
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Cgr credit union is a financial cooperative dedicated to providing savings and loans to our members utilizing safe business practices. Cgr credit union is here our members trust us with all their financial business an stay with us for life. The credit provides services for approximately 14,005 members in the form of loans, savings, and other financial services.

Form 990, Page 1, Part I, Line 6

Hours of service are related to duties of the board of directors and supervisory committee without compensation.

Form 990, Part V

FILED AN EXTENSION.

Form 990, Part XI, Line 9

Equity acquired in merger adjustment 359,264 other adjustments 511,119 total 870,383

Form 990, Part XII

Annual agreed upon procedures are performed by an independent auditor.

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IRS990/MissionDesc0CGR CREDIT UNION IS A FINANCIAL COOPERATIVE DEDICATED TO PROVIDING SAVINGS AND LOANS TO OUR MEMBERS UTILIZING SAFE BUSINESS PRACTICES. CGR CREDIT UNION IS HERE OUR MEMBERS TRUST US WITH ALL THEIR FINANCIAL BUSINESS AN STAY WITH US FOR LIFE. THE CREDIT PROVIDES SERVICES FOR APPROXIMATELY 14,005 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt016397814
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0274917
IRS990/OfficeExpensesGrp/TotalAmt0564118
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01857340
IRS990/OtherAssetsTotalGrp/EOYAmt0875993
IRS990/OtherChangesInNetAssetsAmt0870383
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0298755
IRS990/OtherExpensesGrp/Desc0PROF & OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc3MISC EXPENSES
IRS990/OtherExpensesGrp/TotalAmt01082375
IRS990/OtherExpensesGrp/TotalAmt1187962
IRS990/OtherExpensesGrp/TotalAmt2178071
IRS990/OtherExpensesGrp/TotalAmt3157468
IRS990/OtherLiabilitiesGrp/BOYAmt070219492
IRS990/OtherLiabilitiesGrp/EOYAmt072608020
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/BusinessCd2525990
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IRS990/OtherRevenueMiscGrp/Desc1UBIT
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-467
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt166748
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2-467
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01734157
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt035486162
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt037034968
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IRS990/PayPremiumsPrsnlBnftCntrctInd0true
IRS990/PayrollTaxesGrp/TotalAmt0120607
IRS990/PensionPlanContributionsGrp/TotalAmt056538
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0110637
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02786503
IRS990/PrincipalOfficerNm0ROBERT J JORDAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
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IRS990/ProgramServiceRevenueGrp/Desc0FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02392175
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12140339
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02392175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12140339
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0410534
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0-2258
IRS990/PYOtherExpensesAmt02812484
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IRS990/PYProgramServiceRevenueAmt04871270
IRS990/PYRevenuesLessExpensesAmt0929914
IRS990/PYSalariesCompEmpBnftPaidAmt02082697
IRS990/PYTotalExpensesAmt04895181
IRS990/PYTotalRevenueAmt05825095
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01132976
IRS990/ReconcilationRevenueExpnssAmt01291077
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014236354
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt015717593
IRS990/SavingsAndTempCashInvstGrp/BOYAmt043326080
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028739386
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01637946
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0626610
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02264556
IRS990ScheduleD/EquipmentGrp/BookValueAmt0301903
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01035745
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01337648
IRS990ScheduleD/LandGrp/BookValueAmt0364200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0364200
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021273
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt071881
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt093154
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033203542
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt127558634
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt211845844
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt011624787
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1111755
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORPORATE PAID IN CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02325322
IRS990ScheduleD/TotalBookValueSecuritiesAmt011736542
IRS990ScheduleD/TotalLiabilityAmt072608020
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0170029
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount013541
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt051901
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT J JORDAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0235471
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DIANNE JORDAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT SPOUS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt040000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LOAN ADVANCE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01132976
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PREMIUMS-SPLIT DOLLAR LIFE INSURANC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01000000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ROBERT JERRY JORDAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE FIRST SPLIT DOLLAR 457F PLAN WITH PRESIDENT ROBERT JORDAN HAS BEEN IN PLACE SINCE 2009. A LOAN ADVANCE OF 39,999.99 IS POSTED YEARLY. THE LOAN ADVANCE IS NONRECOURSE SPLIT DOLLAR TO PAY PREMIUM. THE SECOND SPLIT DOLLAR PLAN WITH PRESIDENT JORDAN IS A JOINT INVESTMENT WITH HIS SPOUSE (DIANNE JORDAN) IN A CASH VALUE INSURANCE POLICY TO PROVIDE REASONABLE RETIREMENT INCOME FOR THE INTERESTED PERSON AND INVESTMENT RETURN AND INTEREST TO GCR CREDIT UNION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt01132976
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CGR CREDIT UNION IS A FINANCIAL COOPERATIVE DEDICATED TO PROVIDING SAVINGS AND LOANS TO OUR MEMBERS UTILIZING SAFE BUSINESS PRACTICES. CGR CREDIT UNION IS HERE OUR MEMBERS TRUST US WITH ALL THEIR FINANCIAL BUSINESS AN STAY WITH US FOR LIFE. THE CREDIT PROVIDES SERVICES FOR APPROXIMATELY 14,005 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FILED AN EXTENSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RSPONSIBILITES ARE CONTROLLED BY THE BOARD OF DIRECTORS. ELECTION BY MEMBERS AT THE ANNUAL MEETING OF THE MEMBERSHIP IS HELD THE 2ND TUESDAY IN FEBRUARY EACH YEAR. NOMINATIONS ARE OPENED 45 DAYS PRIOR TO THE MEETING AND ARE SUBMITTED TO THE BOARD APPOINTED "NOMINATING COMMITTEE". NOMINEES ARE VETTED TO THE EXTENT THAT THEY ARE MEMBERS IN GOOD STANDING AND ARE FINANCIALLY RESPONSIBLE IN THEIR PERSONAL BUSINESS. NOMINATIONS ARE ALSO CALLED FOR FROM THE FLOOR OF THE ANNUAL MEETING AND SHOULD THERE BE A NOMINEE FROM THE FLOOR, THE SUPERVISORY COMMITTEE IS POSITIONED TO DO AN ON-THE-SPOT REVIEW OF THE NOMINEE'S QUALIFICATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990 REVIEWED AT A REGULAR BOD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WE HAVE A CODE OF ETHICS THAT COVERS CONFLICTS OF INTEREST AS WELL AS OUR EMPLOYEE HANDBOOK. ALL OFFICIALS ARE REQUIRED TO SIGN "CONFLICT OF INTEREST" STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE CREDIT UNION USES HR PERFORMANCE SOLUTIONS' PRODUCT CALLED COMPEASE AS A BENCHMARKING TOOL FOR ALL EMPLOYEES. THE BOD REFERENCES THIS TOOL IN THEIR DECISIONS FOR SETTING THE CEO'S SALARY. THE BOARD OF DIRECTORS REVIEWS THE CEO PERFORMANCE ANNUALLY AND CONSULTS WITH A THIRD-PARTY FIRM QUALIFIED TO EVALUATE WHAT IS APPROPRIATE AND COMPETITIVE IN BOTH COMPENSATION AND BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE CREDIT UNION USES HR PERFORMANCE SOLUTIONS PRODUCT CALLED COMPEASE AS A BENCHMARKING TOOL FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10GOVERNING DOCUMENTS THAT ARE NOT PUBLICIALLY AVAILABLE ONLINE ARE AVAILABLE UPON REQUEST AT THE CREDIT UNION'S INGLESIDE AVE BRANCH. THE CONFLICT OF INTEREST POLICY WOULD ALSO BE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11EQUITY ACQUIRED IN MERGER ADJUSTMENT 359,264 OTHER ADJUSTMENTS 511,119 TOTAL 870,383
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12ANNUAL AGREED UPON PROCEDURES ARE PERFORMED BY AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12FORM 990, PART XII
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IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt085851300
IRS990/TotalAssetsEOYAmt090489769
IRS990/TotalAssetsGrp/BOYAmt085851300
IRS990/TotalAssetsGrp/EOYAmt090489769
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05231032
IRS990/TotalGrossUBIAmt066748

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$112$88.8$23.5$8.25$6.46$1.79
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$92.0$21.7$7.34$5.94$1.40
2022Detailed filing. Detailed filing data is available for this year.$114$93.4$20.3$6.22$4.98$1.24
2021Detailed filing. Detailed filing data is available for this year.$117$97.6$19.1$5.36$4.68$0.68
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$110$91.2$18.4$5.61$4.97$0.64
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.8$75.0$17.7$6.73$5.38$1.36
2018Detailed filing. Detailed filing data is available for this year.$90.5$74.1$16.4$6.52$5.23$1.29
2017Detailed filing. Detailed filing data is available for this year.$85.9$71.6$14.2$5.83$4.90$0.93
2016Detailed filing. Detailed filing data is available for this year.$83.1$69.3$13.8$5.74$4.67$1.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$82.6$69.8$12.8$5.52$4.43$1.10
2010Summary only. Only limited summary data is available for this year.$46.0$40.3$5.65$0.08$0.12$0.04
2009Summary only. Only limited summary data is available for this year.$44.7$39.9$4.84$0.06$0.11$0.05
2008Summary only. Only limited summary data is available for this year.$33.9$29.4$4.50$0.10$0.10$0.00
Peer Organizations

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