Civic Intelligence

Florida Rural Electric Credit Union

990 • Fiscal year 2013 • EIN 59-1640679

Jan 01, 2013 to Dec 31, 2013 • Filed on May 08, 2014

Organization ProfileWWW.FRECU.ORG

View Organization Page

2916 Apalachee Pkwy32303-0373

(850) 877-6168

Siviq Scores

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

Liabilities / Assets

19th percentile

0.79x

Higher debt load relative to assets than 19% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

38th percentile

17.37x

Higher debt load relative to revenue than 38% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Net Margin

59th percentile

6.3%

Higher net margin than 59% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

95th percentile

$126,309

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Asset Growth

21st percentile

-2.4%

Faster asset growth than 21% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

20th percentile

-10%

Faster revenue growth than 20% of similar nonprofits.

2013 filings • $10M-$25M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$20,282,955

Down $495,718 (-2.4%) from 2012

Net Assets

Up

$4,300,143

Up $57,745 (+1.4%) from 2012

Liabilities

Down

$15,982,812

Down $553,463 (-3.3%) from 2012

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin59th percentile

Revenue

$919,976

No earlier filing loaded for comparison.

Expenses

Up

$862,229

Up $34,755 (+4.2%) from 2012

Net Income

$57,747

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$40M$30M$20M$10M$0Assets 2010: $19,874,989Liabilities 2010: $15,976,513Net Assets 2010: $3,898,4762010Assets 2011: $20,060,346Liabilities 2011: $15,975,587Net Assets 2011: $4,084,7592011Assets 2012: $20,778,673Liabilities 2012: $16,536,275Net Assets 2012: $4,242,3982012Assets 2013: $20,282,955Liabilities 2013: $15,982,812Net Assets 2013: $4,300,1432013Assets 2014: $19,775,140Liabilities 2014: $15,415,895Net Assets 2014: $4,359,2452014Assets 2015: $19,902,278Liabilities 2015: $15,471,241Net Assets 2015: $4,431,0372015Assets 2016: $28,880,985Liabilities 2016: $22,959,850Net Assets 2016: $5,921,1352016Assets 2017: $29,174,513Liabilities 2017: $23,281,719Net Assets 2017: $5,892,7942017Assets 2018: $29,036,417Liabilities 2018: $23,157,393Net Assets 2018: $5,879,0242018Assets 2019: $28,089,457Liabilities 2019: $22,139,433Net Assets 2019: $5,950,0242019Assets 2020: $32,762,173Liabilities 2020: $26,757,373Net Assets 2020: $6,004,8002020Assets 2021: $29,767,902Liabilities 2021: $23,821,636Net Assets 2021: $5,946,2662021Assets 2022: $28,070,978Liabilities 2022: $22,403,870Net Assets 2022: $5,667,1082022Assets 2023: $27,777,483Liabilities 2023: $21,877,350Net Assets 2023: $5,900,1332023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2013

Assets$20,282,955
Liabilities$15,982,812
Net Assets$4,300,143
Open 2013 Filing

Operations Trend

Revenue Growth20th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,155,1222010Revenue 2011: $1,140,057Expenses 2011: $953,774Net Income 2011: $186,2832011Expenses 2012: $827,4742012Revenue 2013: $919,976Expenses 2013: $862,229Net Income 2013: $57,7472013Revenue 2014: $922,448Expenses 2014: $843,232Net Income 2014: $79,2162014Revenue 2015: $932,492Expenses 2015: $871,082Net Income 2015: $61,4102015Revenue 2016: $1,050,578Expenses 2016: $1,065,981Net Income 2016: -$15,4032016Revenue 2017: $1,120,047Expenses 2017: $1,117,238Net Income 2017: $2,8092017Revenue 2018: $1,289,027Expenses 2018: $1,253,607Net Income 2018: $35,4202018Revenue 2019: $1,365,023Expenses 2019: $1,417,120Net Income 2019: -$52,0972019Revenue 2020: $1,260,480Expenses 2020: $1,227,730Net Income 2020: $32,7502020Revenue 2021: $1,187,358Expenses 2021: $1,155,867Net Income 2021: $31,4912021Revenue 2022: $1,278,439Expenses 2022: $1,227,534Net Income 2022: $50,9052022Revenue 2023: $1,579,386Expenses 2023: $1,397,127Net Income 2023: $182,2592023Revenue 2024: $881,231Expenses 2024: $778,193Net Income 2024: $103,0382024

Highlighted filing

2013

Revenue$919,976
Expenses$862,229
Net Income$57,747
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 8, 2014
Return Version
2013v3.1
Gross Receipts
$919,976
Mission and Program Overview

Mission

Credit union - to provide services for approximately 3,702 members in the form of loans, savings, and other financial services.

Credit union - to provide services for approximately 2,638 members in the form of loans, savings, and other financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$11,112,632$11,847,578▲ $734,946
Investments in Publicly Traded Securities$8,564,187--
Investments Other Securities-$4,651,590-
Rtn Earn Endowment Incm Other Fnds$4,242,399$3,794,267▼ $448,132
Cash and Non-Interest-Bearing Accounts$873,422$2,715,498▲ $1,842,076
Savings and Temporary Cash Investments-$800,001-
Pd in Cap Srpls Land Bldg Eqp Fund-$505,876-
Land, Buildings, and Equipment, Net$14,756$34,021▲ $19,265
Prepaid Expenses and Deferred Charges-$11,078-
Total Assets$20,778,673$20,282,955▼ $495,718
Other Assets Total$213,676$223,189▲ $9,513
Liabilities
Other Liabilities$16,500,273$15,946,925▼ $553,348
Accounts Payable and Accrued Expenses$36,001$35,887▼ $114
Total Liabilities$16,536,274$15,982,812▼ $553,462
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,242,399$4,300,143▲ $57,744
Total Liabilities and Net Assets / Fund Balance$20,778,673$20,282,955▼ $495,718

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,288$111,039$139,327
Leasehold Improvements$5,733$27,442$33,175
Other Securities$176,590--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenn RicePresident/ceFT$97,125$29,184$126,309

Board Members and Trustees

NameTitle
John MartzChairman
Jeffery BrewingtonVice-chairma
Alan F HengebachBoard Member
Clay R CampbellBoard Member
George WebbBoard Member
James DuncanBoard Member
Joe E RoneBoard Member
John GeeraertsBoard Member
Kenneth CowenBoard Member
Michael WhiteBoard Member
Mike CampbellBoard Member
Randall W ShawBoard Member
Scott NewberryBoard Member
Stephen RhodesBoard Member
William WillinghamSecretary-tr
Tom TurkeSuper COM Ch
Desmond KnightSuper COM Me
Evegeni Eugene V KanikovskySuper COM Me
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$787,145
Investment Income
$62,937
Other Revenue
$69,894
Change in Net Assets
$57,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$518,267
Salaries, Compensation, and Employee Benefits$343,962
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$242,775-$242,775
Interest-$68,006-$68,006
Other Employee Benefits-$49,683-$49,683
Office Expenses-$46,916-$46,916
Pension Plan Contributions-$30,039-$30,039
Occupancy-$27,837-$27,837
All Other Expenses-$25,293-$25,293
Payroll Taxes-$21,465-$21,465
Other Expenses-$13,003-$13,003
Conferences and Meetings-$6,666-$6,666
Total Functional Expenses$0$862,229$0$862,229
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$7,982,088
All Other Shares$5,566,651
Share Drafts$2,398,186
Other Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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 responsibilities are controlled by the board of directors. The members elect the board of directors at the annual meeting every year.”

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

“The form 990 is available for review by the board of directors upon request.”

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

“The board of directors monitor and enforce the conflict of interest policy.”

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

“The credit union uses the most recent salary survey for the ceo compensation.”

Form 990, Page 6, Part VI, Line 19

“Financial documents are posted in the credit union lobby by the 15th of the subsequent month.”

Filing and Contact Details

Filer

EIN
59-1640679
Phone
8508776168

Signing Officer

Name
Kenn Rice
Title
President/CEO
Phone
8508776168
Signed
2014-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenn Rice
Formed
1975
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
18

Preparer

Preparer
Keith Mcmurtrie
Phone
8505581102
Supplemental Narrative

Additional Explanations

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, Page 5, Part V, Line 3B

“The credit union does not have any unrelated trade or business income.”

Form 990, Part XI, Line 9

“DUE TO ROUNDING 3”

Raw XML AppendixShowing 400 of 457 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY-TR
IRS990/Form990PartVIISectionAGrp/TitleTxt15SUPER COM ME
IRS990/Form990PartVIISectionAGrp/TitleTxt16SUPER COM ME
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt18SUPER COM CH
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0919976
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt068006
IRS990/InterestGrp/TotalAmt068006
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt062937
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt062937
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04651590
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08564187
IRS990/IRPDocumentCnt0613
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0138481
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014756
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034021
IRS990/LandBldgEquipCostOrOtherBssAmt0172502
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 2,638 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04242399
IRS990/NetAssetsOrFundBalancesEOYAmt04300143
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt027837
IRS990/OccupancyGrp/TotalAmt027837
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt046916
IRS990/OfficeExpensesGrp/TotalAmt046916
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0213676
IRS990/OtherAssetsTotalGrp/EOYAmt0223189
IRS990/OtherChangesInNetAssetsAmt0-3
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt049683
IRS990/OtherEmployeeBenefitsGrp/TotalAmt049683
IRS990/OtherExpensesGrp/Desc0PROF & OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSSES
IRS990/OtherExpensesGrp/Desc3NCUA STABILIZATION FUND
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0216164
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt162656
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt251726
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt313003
IRS990/OtherExpensesGrp/TotalAmt0216164
IRS990/OtherExpensesGrp/TotalAmt162656
IRS990/OtherExpensesGrp/TotalAmt251726
IRS990/OtherExpensesGrp/TotalAmt313003
IRS990/OtherLiabilitiesGrp/BOYAmt016500273
IRS990/OtherLiabilitiesGrp/EOYAmt015946925
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc1OTHER NON-OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt070794
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-900
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt070794
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-900
IRS990/OtherRevenueTotalAmt069894
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0242775
IRS990/OtherSalariesAndWagesGrp/TotalAmt0242775
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021465
IRS990/PayrollTaxesGrp/TotalAmt021465
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0505876
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt030039
IRS990/PensionPlanContributionsGrp/TotalAmt030039
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011078
IRS990/PrincipalOfficerNm0KENN RICE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0717240
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt169905
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0717240
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt169905
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt068006
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt057937
IRS990/PYOtherExpensesAmt0543425
IRS990/PYProgramServiceRevenueAmt0927176
IRS990/PYRevenuesLessExpensesAmt0157639
IRS990/PYSalariesCompEmpBnftPaidAmt0284049
IRS990/PYTotalExpensesAmt0827474
IRS990/PYTotalRevenueAmt0985113
IRS990/ReconcilationRevenueExpnssAmt057747
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04242399
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03794267
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0800001
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt028288
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111039
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0139327
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05733
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt027442
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt033175
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07982088
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15566651
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22398186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04475000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1176590
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MEMBERSHIP CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034021
IRS990ScheduleD/TotalBookValueSecuritiesAmt04651590
IRS990ScheduleD/TotalLiabilityAmt015946925
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION DOES NOT HAVE ANY UNRELATED TRADE OR BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CREDIT UNION USES THE MOST RECENT SALARY SURVEY FOR THE CEO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DUE TO ROUNDING 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt020778673
IRS990/TotalAssetsEOYAmt020282955
IRS990/TotalAssetsGrp/BOYAmt020778673
IRS990/TotalAssetsGrp/EOYAmt020282955
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,282,955
Liabilities
$15,982,812
Net assets
$4,300,143
Revenue
$919,976
Expenses
$862,229
Net income
$57,747
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.88$0.78$0.10
2023Detailed filing. Detailed filing data is available for this year.$27.8$21.9$5.90$1.58$1.40$0.18
2022Detailed filing. Detailed filing data is available for this year.$28.1$22.4$5.67$1.28$1.23$0.05
2021Detailed filing. Detailed filing data is available for this year.$29.8$23.8$5.95$1.19$1.16$0.03
2020Detailed filing. Detailed filing data is available for this year.$32.8$26.8$6.00$1.26$1.23$0.03
2019Detailed filing. Detailed filing data is available for this year.$28.1$22.1$5.95$1.37$1.42$0.05
2018Detailed filing. Detailed filing data is available for this year.$29.0$23.2$5.88$1.29$1.25$0.04
2017Detailed filing. Detailed filing data is available for this year.$29.2$23.3$5.89$1.12$1.12$0.00
2016Detailed filing. Detailed filing data is available for this year.$28.9$23.0$5.92$1.05$1.07$0.02
2015Detailed filing. Detailed filing data is available for this year.$19.9$15.5$4.43$0.93$0.87$0.06
2014Detailed filing. Detailed filing data is available for this year.$19.8$15.4$4.36$0.92$0.84$0.08
2013Detailed filing. Detailed filing data is available for this year.$20.3$16.0$4.30$0.92$0.86$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$16.5$4.24$0.83
2011Summary only. Only limited summary data is available for this year.$20.1$16.0$4.08$1.14$0.95$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$16.0$3.90$1.16