Civic Intelligence

Florida Credit Union

990 • Fiscal year 2018 • EIN 59-0773154

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 13, 2019

PO Box 5549Gainesville, FL 32627-5549

(352) 377-4141

Siviq Scores

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

Liabilities / Assets

57th percentile

0.90x

Higher debt load relative to assets than 57% of similar nonprofits.

2018 filings • 501(c)14 • $1B+ nonprofits • Source year 2018

Liabilities / Revenue

6th percentile

13.42x

Higher debt load relative to revenue than 6% of similar nonprofits.

2018 filings • 501(c)14 • $1B+ nonprofits • Source year 2018

Net Margin

61st percentile

21%

Higher net margin than 61% of similar nonprofits.

2018 filings • 501(c)14 • $1B+ nonprofits • Source year 2018

Top Officer Pay

53rd percentile

$867,141

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2018 filings • 501(c)14 • $1B+ nonprofits • Source year 2018

Asset Growth

93rd percentile

14%

Faster asset growth than 93% of similar nonprofits.

2018 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2017 to 2018

Revenue Growth

70th percentile

16%

Faster revenue growth than 70% of similar nonprofits.

2018 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,110,685,305

Up $135,450,733 (+14%) from 2017

Net Assets

Up

$114,758,339

Up $15,638,444 (+16%) from 2017

Liabilities

Up

$995,926,966

Up $119,812,289 (+14%) from 2017

Revenue

Up

$74,227,381

Up $10,448,450 (+16%) from 2017

Expenses

Up

$58,588,938

Up $7,546,292 (+15%) from 2017

Net Income

Up

$15,638,443

Up $2,902,158 (+23%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0B$2.0B$1.0B$0Assets 2010: $429,610,815Liabilities 2010: $385,575,014Net Assets 2010: $44,035,8012010Assets 2011: $459,526,614Liabilities 2011: $411,775,750Net Assets 2011: $47,750,8642011Assets 2012: $492,383,357Liabilities 2012: $438,991,398Net Assets 2012: $53,391,9592012Assets 2013: $559,138,708Liabilities 2013: $499,163,073Net Assets 2013: $59,975,6352013Assets 2014: $654,949,421Liabilities 2014: $587,042,737Net Assets 2014: $67,906,6842014Assets 2015: $746,396,242Liabilities 2015: $670,067,867Net Assets 2015: $76,328,3752015Assets 2016: $862,575,324Liabilities 2016: $776,191,714Net Assets 2016: $86,383,6102016Assets 2017: $975,234,572Liabilities 2017: $876,114,677Net Assets 2017: $99,119,8952017Assets 2018: $1,110,685,305Liabilities 2018: $995,926,966Net Assets 2018: $114,758,3392018Assets 2019: $1,266,313,564Liabilities 2019: $1,131,972,740Net Assets 2019: $134,340,8242019Assets 2020: $1,449,934,229Liabilities 2020: $1,297,184,248Net Assets 2020: $152,749,9812020Assets 2021: $1,753,770,979Liabilities 2021: $1,564,008,364Net Assets 2021: $189,762,6152021Assets 2022: $1,967,340,964Liabilities 2022: $1,742,592,206Net Assets 2022: $224,748,7582022Assets 2023: $2,105,555,808Liabilities 2023: $1,843,893,829Net Assets 2023: $261,661,9792023Assets 2024: $2,290,696,172Liabilities 2024: $1,993,879,951Net Assets 2024: $296,816,2212024

Highlighted filing

2018

Assets$1,110,685,305
Liabilities$995,926,966
Net Assets$114,758,339

Operations Trend

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

$200M$150M$100M$50M$0Expenses 2010: $37,005,9022010Expenses 2011: $34,131,2942011Expenses 2012: $34,597,9992012Revenue 2013: $41,516,999Expenses 2013: $34,933,323Net Income 2013: $6,583,6762013Revenue 2014: $45,105,672Expenses 2014: $37,174,623Net Income 2014: $7,931,0492014Revenue 2015: $50,018,214Expenses 2015: $41,596,522Net Income 2015: $8,421,6922015Revenue 2016: $56,667,292Expenses 2016: $46,612,057Net Income 2016: $10,055,2352016Revenue 2017: $63,778,931Expenses 2017: $51,042,646Net Income 2017: $12,736,2852017Revenue 2018: $74,227,381Expenses 2018: $58,588,938Net Income 2018: $15,638,4432018Revenue 2019: $85,476,711Expenses 2019: $65,894,226Net Income 2019: $19,582,4852019Revenue 2020: $94,300,981Expenses 2020: $75,891,825Net Income 2020: $18,409,1562020Revenue 2021: $101,413,872Expenses 2021: $64,401,235Net Income 2021: $37,012,6372021Revenue 2022: $110,107,505Expenses 2022: $75,117,641Net Income 2022: $34,989,8642022Revenue 2023: $143,282,205Expenses 2023: $106,325,959Net Income 2023: $36,956,2462023Revenue 2024: $169,400,383Expenses 2024: $134,246,141Net Income 2024: $35,154,2422024

Highlighted filing

2018

Revenue$74,227,381
Expenses$58,588,938
Net Income$15,638,443
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 13, 2019
Return Version
2018v3.1
Gross Receipts
$72,802,021
Mission and Program Overview

Mission

Income from credit union membership and from investement of member funds provide the foundation from which the organization can function and provide service to its restricted membership.

Credit Union with income from credit union membership and from investments of member funds provide the foundation from which the organization can function and provide service to its restricted membership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$841,092,187$963,961,356▲ $122,869,169
Rtn Earn Endowment Incm Other Fnds$99,119,895$114,758,339▲ $15,638,444
Savings and Temporary Cash Investments$76,790,348$91,460,600▲ $14,670,252
Land, Buildings, and Equipment, Net$20,998,070$19,903,460▼ $1,094,610
Prepaid Expenses and Deferred Charges$8,590,746$8,871,541▲ $280,795
Accounts Receivable$7,824,195$6,648,565▼ $1,175,630
Cash and Non-Interest-Bearing Accounts$6,582,490$4,977,369▼ $1,605,121
Investments Other Securities$1,413,900$1,515,300▲ $101,400
Receivables From Officers Etc$140,550$180,937▲ $40,387
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$975,234,572$1,110,685,305▲ $135,450,733
Other Assets Total$11,802,086$13,166,177▲ $1,364,091
Liabilities
Other Liabilities$842,671,766$964,371,663▲ $121,699,897
Accounts Payable and Accrued Expenses$17,347,860$15,321,612▼ $2,026,248
Mortgage Notes Payable Secured by Investment Property$15,000,000$15,000,000→ $0
Escrow Account Liability$1,033,509$1,190,399▲ $156,890
Deferred Revenue$61,542$43,292▼ $18,250
Total Liabilities$876,114,677$995,926,966▲ $119,812,289
Net Assets / Fund Balance
Total Net Assets Fund Balance$99,119,895$114,758,339▲ $15,638,444
Total Liabilities and Net Assets / Fund Balance$975,234,572$1,110,685,305▲ $135,450,733

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,228,166$21,609,382$25,837,548
Buildings$8,597,348$3,824,797$12,422,145
Land$6,292,513-$6,292,513
Leasehold Improvements$721,243$1,144,224$1,865,467
Other Land Buildings$64,190$532,683$596,873
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark StarrPresident/CEOFT$497,348$369,793$867,141
David EckardtSVP Operations/COOFT$213,608$170,400$384,008
Wendy KofordSVP Finance/CFOFT$183,305$95,606$278,911
Thomas BeckSVP Is/CTOFT$173,583$103,322$276,905
Christine Suarez-JenkinsSVP Lending/CLOFT$177,535$92,882$270,417
Evan PittsSVP of Commercial LendingFT$153,018$85,446$238,464
Byron ZoninAVP of MortgagesFT$106,916$54,089$161,005
Kirk BeckerVP Information ServicesFT$121,817$36,950$158,767
Wesley ColsonVP Member SolutionsFT$85,309$66,403$151,712
Gregory PurvisVP Consumer LendingFT$108,664$34,209$142,873
Beatrice CherryVP MarketingFT$100,539$27,195$127,734

Board Members and Trustees

NameTitle
Alfred PeoplesChair
Lynn JonesVice-Chair
Andrew SutherlandBoard Secretary
William HopgoodBoard Treasurer
Dr Barbara BuysDirector
Dr Jacquiline HartDirector
Judy JohnsonDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Williams Gautier Law FirmAttorneysPO Box 4128, Tallahassee, FL 32315$234,770
Nationwide Appraisal Network LLCAppraisal Services250 Pine Ave Suite A, Oldsmar, FL 34677$202,225
Family Recovery Services LLCRepossesion FirmPO Box 916, Archer, FL 32618$189,119
Sorenson Van Leuven Law FirmAttorneysPO Box 3637, Tallahassee, FL 32315$180,848
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$73,488,091
Investment Income
$697,675
Other Revenue
$41,615
Change in Net Assets
$15,638,443
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,942,004
Salaries, Compensation, and Employee Benefits$19,646,934
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$13,099,834
Interest---$9,121,412
Office Expenses---$5,067,726
Advertising---$3,731,944
Current Officers, Directors, Trustees, and Key Employees---$2,315,846
Depreciation Depletion---$2,163,619
Other Employee Benefits---$1,688,495
Pension Plan Contributions---$1,451,275
Occupancy---$1,409,556
Payroll Taxes---$1,091,484
Fees for Services Legal---$660,700
Conferences and Meetings---$593,549
Insurance---$282,233
All Other Expenses---$256,442
Other Expenses---$171,240
Fees for Services Accounting---$101,640
Total Functional Expenses$0$0$0$58,588,938
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$140,550$180,937▲ $40,387
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$900,045,663
Non-Member Share Accounts$64,326,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

Anyone doing business with the credit union is a member.

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

An annual election is held for open spots on the board of directors and we are regulated by the Florida Division of Financials Institutions and the National Credit Union Administration.

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

Auditors and examiners review the report and give a report to the board of directors.

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

Directors and employees are required to avoid conflicts of interest by Federal and State Banking laws. Staff and board are questioned by auditors as part of the AICPA opinion audit.

Form 990, Part VI, Section B, line 15

Florida Credit Union purchases 3rd party salary surveys of competitive industries based on asset size.

Form 990, Part VI, Section C, line 19

Financial Statements are available in branch lobbies. Call reports on the web.

Filing and Contact Details

Filer

Filer Name
Florida Credit Union
EIN
59-0773154
Phone
3523774141
Address
PO Box 5549, Gainesville, FL 32627-5549

Signing Officer

Name
Wendy Koford
Title
SVP Finance/CFO
Phone
3523774141
Signed
2019-09-13

Organization Details

Principal Officer
Wendy Koford
Formed
1950
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
335
Volunteers
7
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Rounding 1.

Form 990 Part XII, line 2C.

The process has not changed from previous year.

Financial Statement Notes

Part IV, Line 2B:

Escrow for Tax and Insurance on Members Mortgage and Commercial Loans.

Part X, Line 2:

Effective January 1, 2009, the Credit Union implemented the new accounting requirements associated with uncertainty in income taxes using the provisions of Financial Accounting Standards Board (FASB) ASC 740, Income Taxes. The guidance prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest, and penalties, accounting in interim periods, disclosure, and transition. As of September 30, 2018, the Credit Union has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. With few exceptions, the Credit Union is no longer subject to US federal Income tax examinations by tax authorities for years before 2014.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Dr Jacquiline Hart
IRS990/Form990PartVIISectionAGrp/PersonNm1Dr Barbara Buys
IRS990/Form990PartVIISectionAGrp/PersonNm2Alfred Peoples
IRS990/Form990PartVIISectionAGrp/PersonNm3Lynn Jones
IRS990/Form990PartVIISectionAGrp/PersonNm4Judy Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm5William Hopgood
IRS990/Form990PartVIISectionAGrp/PersonNm6Andrew Sutherland
IRS990/Form990PartVIISectionAGrp/PersonNm7Mark Starr
IRS990/Form990PartVIISectionAGrp/PersonNm8Wendy Koford
IRS990/Form990PartVIISectionAGrp/PersonNm9David Eckardt
IRS990/Form990PartVIISectionAGrp/PersonNm10Thomas Beck
IRS990/Form990PartVIISectionAGrp/PersonNm11Christine Suarez-Jenkins
IRS990/Form990PartVIISectionAGrp/PersonNm12Evan Pitts
IRS990/Form990PartVIISectionAGrp/PersonNm13Kirk Becker
IRS990/Form990PartVIISectionAGrp/PersonNm14Byron Zonin
IRS990/Form990PartVIISectionAGrp/PersonNm15Wesley Colson
IRS990/Form990PartVIISectionAGrp/PersonNm16Gregory Purvis
IRS990/Form990PartVIISectionAGrp/PersonNm17Beatrice Cherry
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15129453
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16108664
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17100539
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8SVP Finance/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt9SVP Operations/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt10SVP IS/CTO
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP Lending/CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP of Commercial Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP Information Services
IRS990/Form990PartVIISectionAGrp/TitleTxt14AVP of Mortgages
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP Member Solutions
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP Consumer Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP Marketing
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01950
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt072802021
IRS990/GrossRentsGrp/RealAmt060758
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt0282233
IRS990/InterestGrp/TotalAmt09121412
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01913845
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IRS990/IRPDocumentCnt030
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt020998070
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019903460
IRS990/LandBldgEquipCostOrOtherBssAmt047014546
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0-1406217
IRS990/LessRentalExpensesGrp/RealAmt0-19143
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Income from credit union membership and from investement of member funds provide the foundation from which the organization can function and provide service to its restricted membership.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt015000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt015000000
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IRS990/NetAssetsOrFundBalancesEOYAmt0114758339
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-1216170
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1216170
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt041615
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt041615
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01409556
IRS990/OfficeExpensesGrp/TotalAmt05067726
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011802086
IRS990/OtherAssetsTotalGrp/EOYAmt013166177
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01688495
IRS990/OtherExpensesGrp/Desc0Provision for Loan Loss
IRS990/OtherExpensesGrp/Desc1Prof and Outside Servic
IRS990/OtherExpensesGrp/Desc2Loan Servicing
IRS990/OtherExpensesGrp/Desc3Operating Fees
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IRS990/OtherExpensesGrp/TotalAmt13768351
IRS990/OtherExpensesGrp/TotalAmt23693092
IRS990/OtherExpensesGrp/TotalAmt3171240
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0841092187
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0963961356
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01091484
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt01451275
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08590746
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08871541
IRS990/PrincipalOfficerNm0Wendy Koford
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0Mechanical Breakdown
IRS990/ProgramServiceRevenueGrp/Desc1ATM Surcharges
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt140562
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0345111
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt140562
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IRS990/PYOtherRevenueAmt048890
IRS990/PYProgramServiceRevenueAmt063756703
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IRS990/PYSalariesCompEmpBnftPaidAmt018059144
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0180937
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt099119895
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0114758339
IRS990/SavingsAndTempCashInvstGrp/BOYAmt076790348
IRS990/SavingsAndTempCashInvstGrp/EOYAmt091460600
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt03824797
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012422145
IRS990ScheduleD/EquipmentGrp/BookValueAmt04228166
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021609382
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025837548
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt06292513
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06292513
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0721243
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01144224
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01865467
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt064190
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0532683
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0596873
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0900045663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt164326000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Non-Member Share Accounts
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Escrow for Tax and Insurance on Members Mortgage and Commercial Loans.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Effective January 1, 2009, the Credit Union implemented the new accounting requirements associated with uncertainty in income taxes using the provisions of Financial Accounting Standards Board (FASB) ASC 740, Income Taxes. The guidance prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest, and penalties, accounting in interim periods, disclosure, and transition. As of September 30, 2018, the Credit Union has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. With few exceptions, the Credit Union is no longer subject to US federal Income tax examinations by tax authorities for years before 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019903460
IRS990ScheduleD/TotalLiabilityAmt0964371663
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0497348
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1183305

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2,291$1,994$297$169$134$35.2
2023Detailed filing. Detailed filing data is available for this year.$2,106$1,844$262$143$106$37.0
2022Detailed filing. Detailed filing data is available for this year.$1,967$1,743$225$110$75.1$35.0
2021Detailed filing. Detailed filing data is available for this year.$1,754$1,564$190$101$64.4$37.0
2020Detailed filing. Detailed filing data is available for this year.$1,450$1,297$153$94.3$75.9$18.4
2019Detailed filing. Detailed filing data is available for this year.$1,266$1,132$134$85.5$65.9$19.6
2018Detailed filing. Detailed filing data is available for this year.$1,111$996$115$74.2$58.6$15.6
2017Detailed filing. Detailed filing data is available for this year.$975$876$99.1$63.8$51.0$12.7
2016Detailed filing. Detailed filing data is available for this year.$863$776$86.4$56.7$46.6$10.1
2015Detailed filing. Detailed filing data is available for this year.$746$670$76.3$50.0$41.6$8.42
2014Detailed filing. Detailed filing data is available for this year.$655$587$67.9$45.1$37.2$7.93
2013Detailed filing. Detailed filing data is available for this year.$559$499$60.0$41.5$34.9$6.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$492$439$53.4$34.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$460$412$47.8$34.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$430$386$44.0$37.0