Civic Intelligence

St Thomas Credit Union

990 • Fiscal year 2018 • EIN 62-6047295

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization ProfileWWW.STTHOMASCU.ORG

View Organization Page

4230 Harding Rd SUITE 103Nashville, TN 37205

(615) 292-7828

Siviq Scores

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

Liabilities / Assets

60th percentile

0.88x

Higher debt load relative to assets than 60% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

12.18x

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

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Net Margin

90th percentile

25%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$76,144

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Asset Growth

37th percentile

-0.5%

Faster asset growth than 37% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

28%

Faster revenue growth than 99% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$26,050,335

Down $132,239 (-0.5%) from 2017

Net Assets

Up

$3,132,919

Up $466,464 (+17%) from 2017

Liabilities

Down

$22,917,416

Down $598,703 (-2.5%) from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin90th percentile

Revenue

Up

$1,882,111

Up $414,219 (+28%) from 2017

Expenses

Up

$1,417,608

Up $74,303 (+5.5%) from 2017

Net Income

Up

$464,503

Up $339,916 (+273%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$40M$30M$20M$10M$0Assets 2010: $17,416,739Liabilities 2010: $15,412,570Net Assets 2010: $2,004,1692010Assets 2011: $23,031,668Liabilities 2011: $21,075,706Net Assets 2011: $1,955,9622011Assets 2012: $23,789,190Liabilities 2012: $21,881,543Net Assets 2012: $1,907,6472012Assets 2013: $24,217,051Liabilities 2013: $22,282,621Net Assets 2013: $1,934,4302013Assets 2014: $24,114,100Liabilities 2014: $22,178,437Net Assets 2014: $1,935,6632014Assets 2015: $25,514,673Liabilities 2015: $23,135,560Net Assets 2015: $2,379,1132015Assets 2016: $25,954,727Liabilities 2016: $23,435,000Net Assets 2016: $2,519,7272016Assets 2017: $26,182,574Liabilities 2017: $23,516,119Net Assets 2017: $2,666,4552017Assets 2018: $26,050,335Liabilities 2018: $22,917,416Net Assets 2018: $3,132,9192018Assets 2019: $27,345,203Liabilities 2019: $24,100,968Net Assets 2019: $3,244,2352019Assets 2020: $31,009,145Liabilities 2020: $27,730,296Net Assets 2020: $3,278,8492020Assets 2021: $33,409,683Liabilities 2021: $30,038,908Net Assets 2021: $3,370,7752021Assets 2022: $35,431,757Liabilities 2022: $31,874,067Net Assets 2022: $3,557,6902022Assets 2023: $36,326,618Liabilities 2023: $32,467,897Net Assets 2023: $3,858,7212023Assets 2024: $39,235,707Liabilities 2024: $34,968,868Net Assets 2024: $4,266,8392024

Highlighted filing

2018

Assets$26,050,335
Liabilities$22,917,416
Net Assets$3,132,919
Open 2018 Filing

Operations Trend

Revenue Growth99th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,296,7092010Revenue 2011: $1,196,456Expenses 2011: $1,244,681Net Income 2011: -$48,2252011Expenses 2012: $1,485,2032012Revenue 2013: $1,344,887Expenses 2013: $1,318,196Net Income 2013: $26,6912013Revenue 2014: $1,351,950Expenses 2014: $1,350,894Net Income 2014: $1,0562014Revenue 2015: $1,304,111Expenses 2015: $1,293,303Net Income 2015: $10,8082015Revenue 2016: $1,445,516Expenses 2016: $1,355,073Net Income 2016: $90,4432016Revenue 2017: $1,467,892Expenses 2017: $1,343,305Net Income 2017: $124,5872017Revenue 2018: $1,882,111Expenses 2018: $1,417,608Net Income 2018: $464,5032018Revenue 2019: $1,589,895Expenses 2019: $1,478,901Net Income 2019: $110,9942019Revenue 2020: $1,546,875Expenses 2020: $1,512,389Net Income 2020: $34,4862020Revenue 2021: $1,471,887Expenses 2021: $1,380,086Net Income 2021: $91,8012021Revenue 2022: $1,631,828Expenses 2022: $1,445,021Net Income 2022: $186,8072022Revenue 2023: $2,154,310Expenses 2023: $1,853,442Net Income 2023: $300,8682023Revenue 2024: $2,709,333Expenses 2024: $2,301,355Net Income 2024: $407,9782024

Highlighted filing

2018

Revenue$1,882,111
Expenses$1,417,608
Net Income$464,503
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.0
Gross Receipts
$1,882,111
Mission and Program Overview

Mission

Credit union providing financial service and education to membership base.

Credit union providing financial service and education to its membership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$19,498,501$20,301,259▲ $802,758
Investments Other Securities$4,473,479$4,578,479▲ $105,000
Rtn Earn Endowment Incm Other Fnds$2,666,455$3,132,919▲ $466,464
Cash and Non-Interest-Bearing Accounts$428,068$499,661▲ $71,593
Savings and Temporary Cash Investments$477,180$148,896▼ $328,284
Accounts Receivable$143,915$126,829▼ $17,086
Prepaid Expenses and Deferred Charges$39,757$123,663▲ $83,906
Land, Buildings, and Equipment, Net$829,922$48,614▼ $781,308
Inventories for Sale or Use$1,439$0▼ $1,439
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$26,182,574$26,050,335▼ $132,239
Other Assets Total$290,313$222,934▼ $67,379
Liabilities
Other Liabilities$23,399,073$22,652,072▼ $747,001
Accounts Payable and Accrued Expenses$117,046$265,344▲ $148,298
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$23,516,119$22,917,416▼ $598,703
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,666,455$3,132,919▲ $466,464
Total Liabilities and Net Assets / Fund Balance$26,182,574$26,050,335▼ $132,239

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$48,614$170,154$0
Leasehold Improvements$0$0$0
Other Securities$4,578,479--
Closely Held Equity Interests$0--
Financial Derivatives$0--
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mary ColemanGeneral ManagerFT$76,144$76,144
Chloe NguyenFinancial ManagerFT$63,303$63,303
William DunnOperations ManagerFT$44,564$44,564

Board Members and Trustees

NameTitle
Derrick CoxBoard of Directors- Chairperson
Susan FussellBoard of Directors- Vice Chair/Treasurer
Deborah CrunkBoard Member
Deborah PittsBoard Member
John RaphaelBoard Member
Patricia HutchinsonBoard Member
Beth SmithBoard Member-Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,763,877
Investment Income
$118,234
Other Revenue
$0
Change in Net Assets
$464,503

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,882,111
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,882,111
Total Revenue per Form 990
$1,882,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$847,081
Salaries, Compensation, and Employee Benefits$570,527
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$310,339
Other Salaries and Wages---$280,751
Current Officers, Directors, Trustees, and Key Employees---$184,010
Other Expenses---$120,000
Office Expenses---$114,668
Occupancy---$113,082
Interest---$69,793
Other Employee Benefits---$60,249
Depreciation Depletion---$37,378
Payroll Taxes---$36,994
Insurance---$20,509
Information Technology---$17,643
Payments to Affiliates---$16,573
Fees for Services Legal---$12,406
Advertising---$10,329
Pension Plan Contributions---$8,523
Conferences and Meetings---$3,713
Fees for Services Accounting---$491
Travel---$157
Total Functional Expenses$0$0$0$1,417,608

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,417,608
Total Expenses per Audited Statements$1,417,608
Total Expenses per Form 990$1,417,608
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Shares Deposit$22,652,072
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Credit union is a membership cooperative. We do not have stockholders, only Board of Directors who are volunteers and are members of the credit union.”

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

“Annual meetings are held whereby members have an opportunity to vote for board of directors who are volunteers and members of the credit union. Elected board of directors serve a three years term, and can serve for three consecutive terms.”

Form 990, Part VI, Section A, Line 7B

“Credit union daily operations are managed by paid employees who report directly to the board of directors. Any decisions which could significantly impact the credit union, for example, a merger, has to be approved by two-thirds of the membership.”

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

“Noted in board of directors monthly agenda/minutes of filing and its availability for review.”

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

“Policy is reviewed annually and all volunteers and employees are required to turn in a signed acknowledgement form kept at the credit union by the compliance officer.”

Form 990, Part VI, Section B, Line 15

“Salaries of key management and employees are reviewed annually, and compared with other similar asset sized credit unions from an annual survey conducted and distributed to credit union by an independent party.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted in the main lobby of the credit union. Annual report are provided to membership and uploaded onto website. All other policies and related documents are provided upon written request.”

Filing and Contact Details

Filer

Filer Name
St Thomas Credit Union
EIN
62-6047295
Phone
6152927828
Address
4230 Harding Rd SUITE 103, NASHVILLE, TN 37205

Signing Officer

Name
Chloe Nguyen
Title
Financial Manager
Phone
6152927828
Signed
2019-11-14

Organization Details

Principal Officer
Derrick Cox
Formed
1959
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
13
Volunteers
10
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Payments to vendors associated with loans and other services/products.”

Form 990, Part XI, Line 9

“Total equity include fair value adjustment amortization from a prior merger.”

Raw XML AppendixShowing 400 of 480 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/TitleTxt5Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Financial Manager
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IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt017643
IRS990/InsuranceGrp/TotalAmt020509
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt069793
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01439
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0118234
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04473479
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04578479
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0829922
IRS990/LandBldgEquipBasisNetGrp/EOYAmt048614
IRS990/LandBldgEquipCostOrOtherBssAmt0218768
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CREDIT UNION PROVIDING FINANCIAL SERVICE AND EDUCATION TO MEMBERS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02666455
IRS990/NetAssetsOrFundBalancesEOYAmt03132919
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0113082
IRS990/OfficeExpensesGrp/TotalAmt0114668
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0290313
IRS990/OtherAssetsTotalGrp/EOYAmt0222934
IRS990/OtherChangesInNetAssetsAmt01961
IRS990/OtherEmployeeBenefitsGrp/TotalAmt060249
IRS990/OtherExpensesGrp/Desc0provision for loan losses
IRS990/OtherExpensesGrp/TotalAmt0120000
IRS990/OtherLiabilitiesGrp/BOYAmt023399073
IRS990/OtherLiabilitiesGrp/EOYAmt022652072
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0280751
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt019498501
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt020301259
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt016573
IRS990/PayrollTaxesGrp/TotalAmt036994
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt08523
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039757
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0123663
IRS990/PrincipalOfficerNm0Derrick Cox
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt056985
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0773649
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01410907
IRS990/PYRevenuesLessExpensesAmt0124587
IRS990/PYSalariesCompEmpBnftPaidAmt0569656
IRS990/PYTotalExpensesAmt01343305
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01467892
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0464503
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01882111
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02666455
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03132919
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0477180
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0148896
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt048614
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0170154
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0218768
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01417608
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022652072
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Members Shares Deposit
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04578479
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Certificates of Deposit
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01882111
IRS990ScheduleD/TotalBookValueLandBuildingsAmt048614
IRS990ScheduleD/TotalBookValueSecuritiesAmt04578479
IRS990ScheduleD/TotalExpensesPerForm990Amt01417608
IRS990ScheduleD/TotalLiabilityAmt022652072
IRS990ScheduleD/TotalRevenuePerForm990Amt01882111
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01882111
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01417608
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Credit union is a membership cooperative. We do not have stockholders, only Board of Directors who are volunteers and are members of the credit union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annual meetings are held whereby members have an opportunity to vote for board of directors who are volunteers and members of the credit union. Elected board of directors serve a three years term, and can serve for three consecutive terms.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Credit union daily operations are managed by paid employees who report directly to the board of directors. Any decisions which could significantly impact the credit union, for example, a merger, has to be approved by two-thirds of the membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Noted in board of directors monthly agenda/minutes of filing and its availability for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Policy is reviewed annually and all volunteers and employees are required to turn in a signed acknowledgement form kept at the credit union by the compliance officer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Salaries of key management and employees are reviewed annually, and compared with other similar asset sized credit unions from an annual survey conducted and distributed to credit union by an independent party.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Financial statements are posted in the main lobby of the credit union. Annual report are provided to membership and uploaded onto website. All other policies and related documents are provided upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Payments to vendors associated with loans and other services/products.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Total equity include fair value adjustment amortization from a prior merger.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,050,335
Liabilities
$22,917,416
Net assets
$3,132,919
Revenue
$1,882,111
Expenses
$1,417,608
Net income
$464,503
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.2$35.0$4.27$2.71$2.30$0.41
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.3$32.5$3.86$2.15$1.85$0.30
2022Detailed filing. Detailed filing data is available for this year.$35.4$31.9$3.56$1.63$1.45$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.4$30.0$3.37$1.47$1.38$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.0$27.7$3.28$1.55$1.51$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.3$24.1$3.24$1.59$1.48$0.11
2018Detailed filing. Detailed filing data is available for this year.$26.1$22.9$3.13$1.88$1.42$0.46
2017Detailed filing. Detailed filing data is available for this year.$26.2$23.5$2.67$1.47$1.34$0.12
2016Detailed filing. Detailed filing data is available for this year.$26.0$23.4$2.52$1.45$1.36$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$23.1$2.38$1.30$1.29$0.01
2014Detailed filing. Detailed filing data is available for this year.$24.1$22.2$1.94$1.35$1.35$0.00
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.2$22.3$1.93$1.34$1.32$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$21.9$1.91$1.49
2011Summary only. Only limited summary data is available for this year.$23.0$21.1$1.96$1.20$1.24$0.05
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$15.4$2.00$1.30