Civic Intelligence

Happy Valley Credit Union

990 • Fiscal year 2019 • EIN 62-0225612

Jan 01, 2019 to Dec 31, 2019 • Filed on May 13, 2020

Organization ProfileWWW.HVCU-TN.COM

View Organization Page

P O Box 1838Elizabethton, TN 37644

(423) 542-6078

Siviq Scores

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

Liabilities / Assets

26th percentile

0.83x

Higher debt load relative to assets than 26% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

18.87x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Net Margin

32nd percentile

7.7%

Higher net margin than 32% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$110,120

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Asset Growth

92nd percentile

9.4%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

12th percentile

-0.6%

Faster revenue growth than 12% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$33,373,919

Up $2,858,958 (+9.4%) from 2018

Net Assets

Down

$5,582,232

Down $51,828 (-0.9%) from 2018

Liabilities

Up

$27,791,687

Up $2,910,786 (+12%) from 2018

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin32nd percentile

Revenue

Down

$1,472,516

Down $9,390 (-0.6%) from 2018

Expenses

Up

$1,359,245

Up $28,850 (+2.2%) from 2018

Net Income

Down

$113,271

Down $38,240 (-25%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$60M$40M$20M$0Assets 2010: $30,176,389Liabilities 2010: $25,172,875Net Assets 2010: $5,003,5142010Assets 2011: $32,274,851Liabilities 2011: $27,067,101Net Assets 2011: $5,207,7502011Assets 2012: $29,864,800Liabilities 2012: $25,301,283Net Assets 2012: $4,563,5172012Assets 2013: $28,951,329Liabilities 2013: $24,150,151Net Assets 2013: $4,801,1782013Assets 2014: $29,436,348Liabilities 2014: $24,502,588Net Assets 2014: $4,933,7602014Assets 2015: $30,477,973Liabilities 2015: $25,350,871Net Assets 2015: $5,127,1022015Assets 2016: $29,997,925Liabilities 2016: $24,666,742Net Assets 2016: $5,331,1832016Assets 2017: $29,669,193Liabilities 2017: $24,186,646Net Assets 2017: $5,482,5472017Assets 2018: $30,514,961Liabilities 2018: $24,880,901Net Assets 2018: $5,634,0602018Assets 2019: $33,373,919Liabilities 2019: $27,791,687Net Assets 2019: $5,582,2322019Assets 2020: $37,738,598Liabilities 2020: $32,211,028Net Assets 2020: $5,527,5702020Assets 2021: $41,101,031Liabilities 2021: $35,665,303Net Assets 2021: $5,435,7282021Assets 2022: $41,248,091Liabilities 2022: $35,709,393Net Assets 2022: $5,538,6982022Assets 2023: $37,259,890Liabilities 2023: $31,269,253Net Assets 2023: $5,990,6372023Assets 2024: $36,855,358Liabilities 2024: $30,474,932Net Assets 2024: $6,380,4262024

Highlighted filing

2019

Assets$33,373,919
Liabilities$27,791,687
Net Assets$5,582,232
Open 2019 Filing

Operations Trend

Revenue Growth12th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,814,9682010Expenses 2011: $1,804,2912011Expenses 2012: $1,455,9382012Revenue 2013: $1,548,254Expenses 2013: $1,310,593Net Income 2013: $237,6612013Revenue 2014: $1,362,353Expenses 2014: $1,229,771Net Income 2014: $132,5822014Revenue 2015: $1,417,118Expenses 2015: $1,223,778Net Income 2015: $193,3402015Revenue 2016: $1,435,512Expenses 2016: $1,231,429Net Income 2016: $204,0832016Revenue 2017: $1,421,177Expenses 2017: $1,269,811Net Income 2017: $151,3662017Revenue 2018: $1,481,906Expenses 2018: $1,330,395Net Income 2018: $151,5112018Revenue 2019: $1,472,516Expenses 2019: $1,359,245Net Income 2019: $113,2712019Revenue 2020: $1,263,594Expenses 2020: $1,318,255Net Income 2020: -$54,6612020Revenue 2021: $1,074,618Expenses 2021: $1,166,525Net Income 2021: -$91,9072021Revenue 2022: $1,193,368Expenses 2022: $1,090,448Net Income 2022: $102,9202022Revenue 2023: $1,555,507Expenses 2023: $1,103,603Net Income 2023: $451,9042023Revenue 2024: $1,696,827Expenses 2024: $1,307,037Net Income 2024: $389,7902024

Highlighted filing

2019

Revenue$1,472,516
Expenses$1,359,245
Net Income$113,271
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 13, 2020
Return Version
2019v5.0
Gross Receipts
$1,472,516
Mission and Program Overview

Mission

Credit Union- To provide services for approximately 3,228 members for loans deposits and other financial services.

Credit union - to provide services for approximately 3,933 members in the form of loans, savings, and other financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$17,532,443$16,735,185▼ $797,258
Investments Other Securities$8,655,012$9,485,084▲ $830,072
Cash and Non-Interest-Bearing Accounts$2,440,838$4,576,009▲ $2,135,171
Rtn Earn Endowment Incm Other Fnds$4,394,897$4,343,069▼ $51,828
Savings and Temporary Cash Investments$639,562$1,591,024▲ $951,462
Cap Stk Tr Prin Current Funds$1,239,163$1,239,163→ $0
Land, Buildings, and Equipment, Net$513,494$510,387▼ $3,107
Prepaid Expenses and Deferred Charges$323,390$134,092▼ $189,298
Total Assets$30,514,961$33,373,919▲ $2,858,958
Other Assets Total$410,222$342,138▼ $68,084
Liabilities
Other Liabilities$24,627,253$27,466,766▲ $2,839,513
Accounts Payable and Accrued Expenses$253,648$324,921▲ $71,273
Total Liabilities$24,880,901$27,791,687▲ $2,910,786
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,634,060$5,582,232▼ $51,828
Total Liabilities and Net Assets / Fund Balance$30,514,961$33,373,919▲ $2,858,958

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$254,863$398,146$653,009
Equipment$26,146$273,717$299,863
Land$229,378-$229,378
Other Securities$219,012--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christine BartzPresident/trFT$106,140$3,980$110,120
Tonya JeffersCFOFT$48,987$15,591$64,578
Barbara BallardVice PresideFT$48,069$3,844$51,913

Board Members and Trustees

NameTitle
Sonja CullerBoard Chair/
David BlackburnBoard Co-CHA
Sandra ClyneBoard Member
Teresa WoodsBoard Member
Melody CrockettBoard Memebe
Harold DuggerSecretary
Richard VanhussSupervisor C
Barton EdensSupervisory
Judy ColeSupervisory
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,195,000
Investment Income
$277,516
Other Revenue
$0
Change in Net Assets
$113,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$712,785
Salaries, Compensation, and Employee Benefits$646,460
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$456,889-$456,889
Interest-$187,694-$187,694
Other Employee Benefits-$131,274-$131,274
Office Expenses-$116,478-$116,478
Occupancy-$44,172-$44,172
Payroll Taxes-$34,900-$34,900
Pension Plan Contributions-$23,397-$23,397
Other Expenses-$21,924-$21,924
All Other Expenses-$15,015-$15,015
Conferences and Meetings-$129-$129
Total Functional Expenses$0$1,359,245$0$1,359,245
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$16,227,636
All Other Shares$8,992,713
Share Drafts$2,246,417
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Christine bartz richard vanhuss treasurer supervisory aunt/nephew”

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 manager reviews the form 990. 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 board of directors use a comparison of credit union compensation.”

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

“The board of directors use a comparison of credit union 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

Filer Name
Happy Valley Credit Union
EIN
62-0225612
Phone
4235426078
Address
P O BOX 1838, ELIZABETHTON, TN 37644

Signing Officer

Name
Christine Bartz
Title
President/treasurer
Phone
4235426078
Signed
2020-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Bartz
Formed
1933
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
13
Volunteers
10

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, Page 1, Part I, Line 6

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

Form 990, Page 5, Part V, Line 3B

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

Form 990, Part XI, Line 9

“Disolution of pension plan -165,097 due to rounding -2 total -165,099”

Form 990, Part XII

“Annual agreed upon procedures are performed by an independent auditor.”

Raw XML AppendixShowing 400 of 419 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0253648
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0324921
IRS990/AccountsReceivableGrp/BOYAmt017532443
IRS990/AccountsReceivableGrp/EOYAmt016735185
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 3,933 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt015015
IRS990/AllOtherExpensesGrp/TotalAmt015015
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0CHRISTINE BARTZ
IRS990/BooksInCareOfDetail/PhoneNum04235426078
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O BOX 1838
IRS990/BooksInCareOfDetail/USAddress/CityNm0ELIZABETHTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0376441838
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt01239163
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt01239163
IRS990/CashNonInterestBearingGrp/BOYAmt02440838
IRS990/CashNonInterestBearingGrp/EOYAmt04576009
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0129
IRS990/ConferencesMeetingsGrp/TotalAmt0129
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0277516
IRS990/CYOtherExpensesAmt0712785
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01195000
IRS990/CYRevenuesLessExpensesAmt0113271
IRS990/CYSalariesCompEmpBnftPaidAmt0646460
IRS990/CYTotalExpensesAmt01359245
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01472516
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt013
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt01171551
IRS990/FamilyOrBusinessRlnInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt03980
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13844
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt215591
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0CHRISTINE BARTZ
IRS990/Form990PartVIISectionAGrp/PersonNm1BARBARA BALLARD
IRS990/Form990PartVIISectionAGrp/PersonNm2TONYA JEFFERS
IRS990/Form990PartVIISectionAGrp/PersonNm3SONJA CULLER
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID BLACKBURN
IRS990/Form990PartVIISectionAGrp/PersonNm5HAROLD DUGGER
IRS990/Form990PartVIISectionAGrp/PersonNm6MELODY CROCKETT
IRS990/Form990PartVIISectionAGrp/PersonNm7TERESA WOODS
IRS990/Form990PartVIISectionAGrp/PersonNm8SANDRA CLYNE
IRS990/Form990PartVIISectionAGrp/PersonNm9RICHARD VANHUSS
IRS990/Form990PartVIISectionAGrp/PersonNm10JUDY COLE
IRS990/Form990PartVIISectionAGrp/PersonNm11BARTON EDENS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0106140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt148069
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt248987
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD CHAIR/
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD CO-CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMEBE
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SUPERVISOR C
IRS990/Form990PartVIISectionAGrp/TitleTxt10SUPERVISORY
IRS990/Form990PartVIISectionAGrp/TitleTxt11SUPERVISORY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01933
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01472516
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt0187694
IRS990/InterestGrp/TotalAmt0187694
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0277516
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0277516
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt08655012
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt09485084
IRS990/IRPDocumentCnt01300
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0671863
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0513494
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0510387
IRS990/LandBldgEquipCostOrOtherBssAmt01182250
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 3,933 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05634060
IRS990/NetAssetsOrFundBalancesEOYAmt05582232
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt044172
IRS990/OccupancyGrp/TotalAmt044172
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0116478
IRS990/OfficeExpensesGrp/TotalAmt0116478
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0410222
IRS990/OtherAssetsTotalGrp/EOYAmt0342138
IRS990/OtherChangesInNetAssetsAmt0-165099
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0131274
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0131274
IRS990/OtherExpensesGrp/Desc0PROF & OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXP
IRS990/OtherExpensesGrp/Desc2MISC OPERATING EXP
IRS990/OtherExpensesGrp/Desc3EDUCATIONAL & PROMO EXP
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0266119
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt137582
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt223672
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt321924
IRS990/OtherExpensesGrp/TotalAmt0266119
IRS990/OtherExpensesGrp/TotalAmt137582
IRS990/OtherExpensesGrp/TotalAmt223672
IRS990/OtherExpensesGrp/TotalAmt321924
IRS990/OtherLiabilitiesGrp/BOYAmt024627253
IRS990/OtherLiabilitiesGrp/EOYAmt027466766
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0456889
IRS990/OtherSalariesAndWagesGrp/TotalAmt0456889
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034900
IRS990/PayrollTaxesGrp/TotalAmt034900
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt023397
IRS990/PensionPlanContributionsGrp/TotalAmt023397
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0323390
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0134092
IRS990/PrincipalOfficerNm0CHRISTINE BARTZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0848966
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1346034
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0848966
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1346034
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0187694
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0194540
IRS990/PYOtherExpensesAmt0611845
IRS990/PYOtherRevenueAmt080042
IRS990/PYProgramServiceRevenueAmt01207324
IRS990/PYRevenuesLessExpensesAmt0151511
IRS990/PYSalariesCompEmpBnftPaidAmt0718550
IRS990/PYTotalExpensesAmt01330395
IRS990/PYTotalRevenueAmt01481906
IRS990/ReconcilationRevenueExpnssAmt0113271
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04394897
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04343069
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0639562
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01591024
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0254863
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0398146
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0653009
IRS990ScheduleD/EquipmentGrp/BookValueAmt026146
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0273717
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0299863
IRS990ScheduleD/LandGrp/BookValueAmt0229378
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0229378
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016227636
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18992713
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22246417
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt09266072
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1219012
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MEMBERSHIP CAPITAL - VCCU
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0510387
IRS990ScheduleD/TotalBookValueSecuritiesAmt09485084
IRS990ScheduleD/TotalLiabilityAmt027466766
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS, SUPERVISORY COMMITTEE, AND CREDIT COMMITTEE WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION DOES NOT HAVE ANY UNRELATED BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHRISTINE BARTZ RICHARD VANHUSS TREASURER SUPERVISORY AUNT/NEPHEW
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 RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE MANAGER REVIEWS THE FORM 990. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD OF DIRECTORS USE A COMPARISON OF CREDIT UNION COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE BOARD OF DIRECTORS USE A COMPARISON OF CREDIT UNION COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DISOLUTION OF PENSION PLAN -165,097 DUE TO ROUNDING -2 TOTAL -165,099
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12ANNUAL AGREED UPON PROCEDURES ARE PERFORMED BY AN INDEPENDENT AUDITOR.
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 2
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt030514961
IRS990/TotalAssetsEOYAmt033373919
IRS990/TotalAssetsGrp/BOYAmt030514961
IRS990/TotalAssetsGrp/EOYAmt033373919
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01359245
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01359245
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024880901
IRS990/TotalLiabilitiesEOYAmt027791687
IRS990/TotalLiabilitiesGrp/BOYAmt024880901
IRS990/TotalLiabilitiesGrp/EOYAmt027791687
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05634060
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05582232
IRS990/TotalOtherCompensationAmt023415
IRS990/TotalProgramServiceExpensesAmt01359245
IRS990/TotalProgramServiceRevenueAmt01195000
IRS990/TotalReportableCompFromOrgAmt0203196
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01472516
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01472516
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt030514961
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt033373919
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 1838
IRS990/USAddress/CityNm0ELIZABETHTON
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd0376441838
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.HVCU-TN.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTINE BARTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04235426078
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAPPY VALLEY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HAPP
ReturnHeader/Filer/EIN0620225612
ReturnHeader/Filer/PhoneNum04235426078
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 1838
ReturnHeader/Filer/USAddress/CityNm0ELIZABETHTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037644
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01B6CA9BC541401F502F85CA471909F6687E41DBE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01B6CA9BC541401F502F85CA471909F6687E41DBE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,373,919
Liabilities
$27,791,687
Net assets
$5,582,232
Revenue
$1,472,516
Expenses
$1,359,245
Net income
$113,271
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$36.9$30.5$6.38$1.70$1.31$0.39
2023Detailed filing. Detailed filing data is available for this year.$37.3$31.3$5.99$1.56$1.10$0.45
2022Detailed filing. Detailed filing data is available for this year.$41.2$35.7$5.54$1.19$1.09$0.10
2021Detailed filing. Detailed filing data is available for this year.$41.1$35.7$5.44$1.07$1.17$0.09
2020Detailed filing. Detailed filing data is available for this year.$37.7$32.2$5.53$1.26$1.32$0.05
2019Detailed filing. Detailed filing data is available for this year.$33.4$27.8$5.58$1.47$1.36$0.11
2018Detailed filing. Detailed filing data is available for this year.$30.5$24.9$5.63$1.48$1.33$0.15
2017Detailed filing. Detailed filing data is available for this year.$29.7$24.2$5.48$1.42$1.27$0.15
2016Detailed filing. Detailed filing data is available for this year.$30.0$24.7$5.33$1.44$1.23$0.20
2015Detailed filing. Detailed filing data is available for this year.$30.5$25.4$5.13$1.42$1.22$0.19
2014Detailed filing. Detailed filing data is available for this year.$29.4$24.5$4.93$1.36$1.23$0.13
2013Detailed filing. Detailed filing data is available for this year.$29.0$24.2$4.80$1.55$1.31$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.9$25.3$4.56$1.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.3$27.1$5.21$1.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.2$25.2$5.00$1.81