Liabilities / Assets
44th percentile
Higher debt load relative to assets than 44% of similar nonprofits.
Alabama State Employees Credit Union
EIN 63-0348156 • 501(c)14 • Montgomery, AL
Profile
The credit union's mission is to promote thrift among its members and create a source of credit for them at legitimate rates of interest. The credit union serves members in the montgomery, alabama area and surrounding counties. The total number of members is in excess of 29,000.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.90x
Liabilities / Revenue
20th percentile
Higher debt load relative to revenue than 20% of similar nonprofits.
Net Margin
33rd percentile
Higher net margin than 33% of similar nonprofits.
Top Officer Pay
10th percentile
Higher top officer pay than 10% of similar nonprofits.
Top officer pay equals 0.9% of source-year revenue.
Asset Growth
49th percentile
Faster asset growth than 49% of similar nonprofits.
Revenue Growth
24th percentile
Faster revenue growth than 24% of similar nonprofits.
Balance Sheet
Assets
Up$409,170,750
Up $10,863,236 (+2.7%) from 2023
Liabilities
Up$366,996,090
Up $7,587,237 (+2.1%) from 2023
Net Assets
Up$42,174,660
Up $3,275,999 (+8.4%) from 2023
Revenue
Up$28,846,539
Up $1,823,400 (+6.7%) from 2023
Expenses
Up$27,090,163
Up $4,010,511 (+17%) from 2023
Net Income
Down$1,756,376
Down $2,187,111 (-55%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $409,170,750
- Liabilities
- $366,996,090
- Net assets
- $42,174,660
- Revenue
- $28,846,539
- Expenses
- $27,090,163
- Net income
- $1,756,376
Latest Detailed Filing
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 15, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $24,351,868
Mission and Program Overview
Mission
The credit union's mission is to promote thrift among its membership and create a source of credit for them at reasonable rates of interest. The credit union serves members in the montgomery, alabama area and surrounding counties. The total number of members is in excess of 43,000.
Providing financial services to our membership.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $223,322,044 | $258,704,052 | ▲ $35,382,008 |
| Investments in Publicly Traded Securities | $66,919,415 | $77,452,024 | ▲ $10,532,609 |
| Savings and Temporary Cash Investments | $105,972,852 | $47,105,807 | ▼ $58,867,045 |
| Rtn Earn Endowment Incm Other Fnds | $37,266,784 | $33,023,038 | ▼ $4,243,746 |
| Land, Buildings, and Equipment, Net | $10,068,455 | $9,836,348 | ▼ $232,107 |
| Prepaid Expenses and Deferred Charges | $5,912,535 | $5,706,030 | ▼ $206,505 |
| Cash and Non-Interest-Bearing Accounts | $8,454,260 | $5,068,453 | ▼ $3,385,807 |
| Investments Other Securities | $1,685,700 | $1,457,200 | ▼ $228,500 |
| Accounts Receivable | $347,499 | $1,228,615 | ▲ $881,116 |
| Receivables From Officers Etc | $1,100,000 | $0 | ▼ $1,100,000 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $434,037,642 | $417,583,945 | ▼ $16,453,697 |
| Other Assets Total | $10,254,882 | $11,025,416 | ▲ $770,534 |
| Liabilities | |||
| Other Liabilities | $394,981,869 | $382,181,525 | ▼ $12,800,344 |
| Accounts Payable and Accrued Expenses | $1,788,989 | $2,379,382 | ▲ $590,393 |
| Total Liabilities | $396,770,858 | $384,560,907 | ▼ $12,209,951 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $37,266,784 | $33,023,038 | ▼ $4,243,746 |
| Total Liabilities and Net Assets / Fund Balance | $434,037,642 | $417,583,945 | ▼ $16,453,697 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $5,745,150 | $3,617,688 | $9,362,838 |
| Other Land Buildings | $968,639 | $3,058,952 | $4,027,591 |
| Equipment | $412,290 | $2,907,684 | $3,319,974 |
| Land | $2,710,269 | - | $2,710,269 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Mike Hart | CEO | FT | $165,841 | $79,748 | $245,589 |
| Jason Dean | CEO | FT | $176,823 | $66,661 | $243,484 |
Board Members and Trustees
| Name | Title |
|---|---|
| Carol J Preston | President |
| John P Gray | Vice President |
| Bobby Bryan | Director |
| John T Gray | Director |
| Kenneth Blankenship | Director |
| Perry Taylor | Director |
| Tim Hatch | Director |
| Alesia Dooley | Secretary |
| Sharon Mills | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $13,110,730
- Investment Income
- $2,554,138
- Other Revenue
- $7,555,447
- Change in Net Assets
- $3,576,412
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $23,220,315
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $23,220,315
- Total Revenue per Form 990
- $23,220,315
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $10,983,311 |
| Salaries, Compensation, and Employee Benefits | $8,660,592 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $6,632,447 |
| Interest | - | - | - | $1,571,662 |
| Information Technology | - | - | - | $1,410,469 |
| Other Employee Benefits | - | - | - | $922,757 |
| All Other Expenses | - | - | - | $881,836 |
| Depreciation Depletion | - | - | - | $799,784 |
| Advertising | - | - | - | $770,029 |
| Occupancy | - | - | - | $597,474 |
| Payroll Taxes | - | - | - | $525,991 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $489,074 |
| Office Expenses | - | - | - | $404,245 |
| Fees for Services Other | - | - | - | $372,625 |
| Other Expenses | - | - | - | $223,167 |
| Travel | - | - | - | $134,122 |
| Insurance | - | - | - | $104,302 |
| Pension Plan Contributions | - | - | - | $90,323 |
| Fees for Services Accounting | - | - | - | $53,900 |
| Fees for Services Legal | - | - | - | $24,878 |
| Conferences and Meetings | - | - | - | $23,995 |
| Total Functional Expenses | $0 | $0 | $0 | $19,643,903 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $19,643,903 |
| Total Expenses per Audited Statements | $19,643,903 |
| Total Expenses per Form 990 | $19,643,903 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $1,100,000 | $0 | ▼ $1,100,000 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Member Deposits | $382,181,525 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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, Part VI, Section A, Line 6
“The governing body of alabama state employees credit union is owned and controlled by its members and operated for the purpose of promoting thrift and savings to its members. Alabama state employees credit union does not have stockholders.”
Form 990, Part VI, Section A, Line 7A
“The directors of the board serve for three-year terms. Each year the president/chairman of the board appoints a nominating committee of not less than three members who then nominate a person for each vacant position. Their nominations are presented at the annual membership meeting, and nominations are also called from the floor. A vote is then taken by the membership present to select the new board member.”
Form 990, Part VI, Section A, Line 7B
“The board of directors would need to have a special meeting to include ase membership voting or to remove any members of the governing body.”
Form 990, Part VI, Section B, Line 11B
“A copy of the 990 was provided to the board of directors prior to filing. The ceo and cfo answered any questions from the board.”
Form 990, Part VI, Section B, Line 12C
“The board of directors are required to disclose annually any interests that could give rise to conflict on the conflict of interest disclosure form.”
Form 990, Part VI, Section B, Line 15
“Balanced comp (compensation software) provides ase credit union with a compensation system. Salary ranges are provided for all positions. The salary ranges are established for each benchmark job which is the best estimate of the market rate for these jobs. Benchmark jobs are used that tend to be consistent within the industry and across surveys. The personnel committee, within our board of directors, is given the salary ranges for our ceo. They also use an evaluation form created specifically for the ceo. The board assessment counts 25% of the total. The objective assessment counts 75% of the total. The personnel committee recommends to the board the amount of salary increase for the ceo. This is voted on by the board and signed by the chairman of the board. The chairman of the board talks directly with the ceo and gives him the evaluation and the amount of the salary increase. Other officers and key employees are reviewed by their supervisors using an employee evaluation form and the salary ranges provided balanced comp.”
Form 990, Part VI, Section C, Line 19
“All governing documents, policies, and financial statements are made available to the public by request.”
Filing and Contact Details
Filer
- Filer Name
- Alabama State Employees Credit Union
- EIN
- 63-0348156
- Phone
- 8006349171
- Address
- 1000 INTERSTATE PARK DRIVE, MONTGOMERY, AL 36109
Signing Officer
- Name
- Jason Dean
- Title
- CEO
- Phone
- 8006349171
- Signed
- 2023-11-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Jason Dean
- Formed
- 1954
- Legal Domicile
- Al
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 143
- Volunteers
- 12
Preparer
- Firm
- Warren Averett LLC
- Address
- 350 W CEDAR STREET SUITE 400, PENSACOLA, FL 32502
- Preparer
- Claire C Duren CPA
- Phone
- 8504357400
Supplemental Narrative
Additional Explanations
FORM 990, PART XI, LINE 9:
“Pension liability adjustment -523,621.”
Part XII, Financial Statements and Reporting, Line 2(C)
“The credit union has a supervisory committee which consists of three member volunteers who oversee the audit of the financial statements and the selections of an independent accountant.”
Financial Statement Notes
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. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of december 31, 2022, the credit union has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Additionally, there were no interest and penalties related to income taxes. With few exceptions, the credit union is no longer subject to u.s. Federal, state, and local income tax examinations by tax authorities for years before 2019.”
Raw XML AppendixShowing 400 of 452 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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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 2379382 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 347499 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 1228615 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | PROVIDING FINANCIAL SERVICES TO OUR MEMBERSHIP. |
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| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 881836 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8006349171 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1000 INTERSTATE PARK DRIVE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MONTGOMERY |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | AL |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 799784 |
| IRS990/Desc | 0 | IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, AND SHARE CERTIFICATES ACCOUNTS AS WELL AS IRA SAVINGS. |
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| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 372625 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | CEO |
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| IRS990/FormationYr | 0 | 1954 |
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| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
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| IRS990/GrossReceiptsAmt | 0 | 24351868 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
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| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
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| IRS990/InsuranceGrp/TotalAmt | 0 | 104302 |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 2509123 |
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| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 1457200 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 66919415 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 77452024 |
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| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. THE CREDIT UNION SERVES MEMBERS IN THE MONTGOMERY, ALABAMA AREA AND SURROUNDING COUNTIES. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 44,000. |
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| IRS990/OtherExpensesGrp/Desc | 2 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/Desc | 3 | CREDIT CARD EXPENSES |
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| IRS990/PoliciesReferenceChaptersInd | 0 | 1 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 5706030 |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INTEREST INCOME |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 13110730 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT COMPETITIVE RATES OF INTEREST. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | THE CREDIT UNION OFFERS FINANCIAL SERVICES TO THE BENEFIT OF OUR MEMBERS WHICH INCLUDE: INTERNET BANKING, ONLINE BILLPAY AND SERVICE CENTER LOCATIONS. |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
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| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2022, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THERE WERE NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2019. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
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| IRS990ScheduleJ/CompensationCommitteeInd | 0 | X |
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| IRS990/ScheduleJRequiredInd | 0 | 1 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 1 | 176823 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 1 | 2110 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | MIKE HART |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | JASON DEAN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | CEO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | CEO |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 243484 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 1 | 0 |
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| IRS990ScheduleJ/SubstantiationRequiredInd | 0 | 1 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990ScheduleJ/TravelForCompanionsInd | 0 | X |
| IRS990ScheduleJ/WrittenEmploymentContractInd | 0 | X |
| IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE GOVERNING BODY OF ALABAMA STATE EMPLOYEES CREDIT UNION IS OWNED AND CONTROLLED BY ITS MEMBERS AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. ALABAMA STATE EMPLOYEES CREDIT UNION DOES NOT HAVE STOCKHOLDERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE DIRECTORS OF THE BOARD SERVE FOR THREE-YEAR TERMS. EACH YEAR THE PRESIDENT/CHAIRMAN OF THE BOARD APPOINTS A NOMINATING COMMITTEE OF NOT LESS THAN THREE MEMBERS WHO THEN NOMINATE A PERSON FOR EACH VACANT POSITION. THEIR NOMINATIONS ARE PRESENTED AT THE ANNUAL MEMBERSHIP MEETING, AND NOMINATIONS ARE ALSO CALLED FROM THE FLOOR. A VOTE IS THEN TAKEN BY THE MEMBERSHIP PRESENT TO SELECT THE NEW BOARD MEMBER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF DIRECTORS WOULD NEED TO HAVE A SPECIAL MEETING TO INCLUDE ASE MEMBERSHIP VOTING OR TO REMOVE ANY MEMBERS OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A COPY OF THE 990 WAS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. THE CEO AND CFO ANSWERED ANY QUESTIONS FROM THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT ON THE CONFLICT OF INTEREST DISCLOSURE FORM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BALANCED COMP (COMPENSATION SOFTWARE) PROVIDES ASE CREDIT UNION WITH A COMPENSATION SYSTEM. SALARY RANGES ARE PROVIDED FOR ALL POSITIONS. THE SALARY RANGES ARE ESTABLISHED FOR EACH BENCHMARK JOB WHICH IS THE BEST ESTIMATE OF THE MARKET RATE FOR THESE JOBS. BENCHMARK JOBS ARE USED THAT TEND TO BE CONSISTENT WITHIN THE INDUSTRY AND ACROSS SURVEYS. THE PERSONNEL COMMITTEE, WITHIN OUR BOARD OF DIRECTORS, IS GIVEN THE SALARY RANGES FOR OUR CEO. THEY ALSO USE AN EVALUATION FORM CREATED SPECIFICALLY FOR THE CEO. THE BOARD ASSESSMENT COUNTS 25% OF THE TOTAL. THE OBJECTIVE ASSESSMENT COUNTS 75% OF THE TOTAL. THE PERSONNEL COMMITTEE RECOMMENDS TO THE BOARD THE AMOUNT OF SALARY INCREASE FOR THE CEO. THIS IS VOTED ON BY THE BOARD AND SIGNED BY THE CHAIRMAN OF THE BOARD. THE CHAIRMAN OF THE BOARD TALKS DIRECTLY WITH THE CEO AND GIVES HIM THE EVALUATION AND THE AMOUNT OF THE SALARY INCREASE. OTHER OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY THEIR SUPERVISORS USING AN EMPLOYEE EVALUATION FORM AND THE SALARY RANGES PROVIDED BALANCED COMP. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | PENSION LIABILITY ADJUSTMENT -523,621. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | THE CREDIT UNION HAS A SUPERVISORY COMMITTEE WHICH CONSISTS OF THREE MEMBER VOLUNTEERS WHO OVERSEE THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTIONS OF AN INDEPENDENT ACCOUNTANT. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2(C) |
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| IRS990/SignificantChangeInd | 0 | 0 |
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| IRS990/SubjectToProxyTaxInd | 0 | 0 |
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| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
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| IRS990/TotalCompGreaterThan150KInd | 0 | 1 |
| IRS990/TotalEmployeeCnt | 0 | 143 |
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| IRS990/TotalLiabilitiesBOYAmt | 0 | 396770858 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 384560907 |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 384560907 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 33023038 |
| IRS990/TotalOtherCompensationAmt | 0 | 51410 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 13110730 |
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| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 2554138 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 20666177 |
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