Civic Intelligence

Valley Credit Union

990 • Fiscal year 2017 • EIN 63-0421601

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 14, 2018

Organization ProfileWWW.VALLEYCREDITUNION.NET

View Organization Page

P O Box 388Tuscumbia, AL 35674

(256) 381-4800

Siviq Scores

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

Liabilities / Assets

16th percentile

0.83x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

18.76x

Higher debt load relative to revenue than 49% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Net Margin

56th percentile

11%

Higher net margin than 56% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$201,561

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Asset Growth

13th percentile

-1.5%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

55th percentile

5.9%

Faster revenue growth than 55% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$69,690,154

Down $1,066,009 (-1.5%) from 2016

Net Assets

Up

$11,908,016

Up $328,294 (+2.8%) from 2016

Liabilities

Down

$57,782,138

Down $1,394,303 (-2.4%) from 2016

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin56th percentile

Revenue

Up

$3,080,767

Up $171,933 (+5.9%) from 2016

Expenses

Down

$2,730,277

Down $19,590 (-0.7%) from 2016

Net Income

Up

$350,490

Up $191,523 (+120%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$150M$100M$50M$0Assets 2010: $58,809,220Liabilities 2010: $49,675,034Net Assets 2010: $9,134,1862010Assets 2011: $60,478,506Liabilities 2011: $50,810,034Net Assets 2011: $9,668,4722011Assets 2012: $62,845,931Liabilities 2012: $52,443,469Net Assets 2012: $10,402,4622012Assets 2013: $63,233,261Liabilities 2013: $52,517,706Net Assets 2013: $10,715,5552013Assets 2014: $65,155,338Liabilities 2014: $54,059,596Net Assets 2014: $11,095,7422014Assets 2015: $68,868,816Liabilities 2015: $57,437,162Net Assets 2015: $11,431,6542015Assets 2016: $70,756,163Liabilities 2016: $59,176,441Net Assets 2016: $11,579,7222016Assets 2017: $69,690,154Liabilities 2017: $57,782,138Net Assets 2017: $11,908,0162017Assets 2018: $71,773,776Liabilities 2018: $59,679,548Net Assets 2018: $12,094,2282018Assets 2019: $76,954,948Liabilities 2019: $63,948,671Net Assets 2019: $13,006,2772019Assets 2020: $85,610,701Liabilities 2020: $72,055,865Net Assets 2020: $13,554,8362020Assets 2021: $94,382,507Liabilities 2021: $80,878,303Net Assets 2021: $13,504,2042021Assets 2022: $96,274,453Liabilities 2022: $85,097,250Net Assets 2022: $11,177,2032022Assets 2023: $102,030,791Liabilities 2023: $89,955,000Net Assets 2023: $12,075,7912023Assets 2024: $103,235,318Liabilities 2024: $90,802,313Net Assets 2024: $12,433,0052024

Highlighted filing

2017

Assets$69,690,154
Liabilities$57,782,138
Net Assets$11,908,016
Open 2017 Filing

Operations Trend

Revenue Growth55th percentile

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

$6.0M$4.0M$2.0M$0Expenses 2010: $2,523,3532010Expenses 2011: $2,521,1982011Expenses 2012: $2,411,7272012Revenue 2013: $2,927,980Expenses 2013: $2,427,929Net Income 2013: $500,0512013Revenue 2014: $2,950,282Expenses 2014: $2,579,732Net Income 2014: $370,5502014Revenue 2015: $2,909,819Expenses 2015: $2,583,177Net Income 2015: $326,6422015Revenue 2016: $2,908,834Expenses 2016: $2,749,867Net Income 2016: $158,9672016Revenue 2017: $3,080,767Expenses 2017: $2,730,277Net Income 2017: $350,4902017Revenue 2018: $3,165,194Expenses 2018: $2,850,364Net Income 2018: $314,8302018Revenue 2019: $3,217,191Expenses 2019: $2,934,793Net Income 2019: $282,3982019Revenue 2020: $3,029,403Expenses 2020: $2,838,207Net Income 2020: $191,1962020Revenue 2021: $3,024,216Expenses 2021: $2,614,213Net Income 2021: $410,0032021Revenue 2022: $3,328,227Expenses 2022: $2,821,472Net Income 2022: $506,7552022Revenue 2023: $4,170,298Expenses 2023: $3,878,663Net Income 2023: $291,6352023Revenue 2024: $4,861,176Expenses 2024: $4,421,347Net Income 2024: $439,8292024

Highlighted filing

2017

Revenue$3,080,767
Expenses$2,730,277
Net Income$350,490
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 14, 2018
Return Version
2017v2.3
Gross Receipts
$3,080,767
Mission and Program Overview

Mission

Credit union - to provide services to approximately 6,032 members in the form of loans, savings, and other financial services.

Credit union - to provide financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$28,339,993$28,746,324▲ $406,331
Investments Other Securities$19,490,649$19,082,007▼ $408,642
Savings and Temporary Cash Investments$12,153,281$13,472,677▲ $1,319,396
Cap Stk Tr Prin Current Funds$7,417,749$7,728,451▲ $310,702
Cash and Non-Interest-Bearing Accounts$6,623,901$4,405,399▼ $2,218,502
Rtn Earn Endowment Incm Other Fnds$4,161,973$4,179,565▲ $17,592
Land, Buildings, and Equipment, Net$2,246,671$2,171,073▼ $75,598
Prepaid Expenses and Deferred Charges$245,492$246,753▲ $1,261
Total Assets$70,756,163$69,690,154▼ $1,066,009
Other Assets Total$1,656,176$1,565,921▼ $90,255
Liabilities
Other Liabilities$59,015,867$57,635,099▼ $1,380,768
Accounts Payable and Accrued Expenses$160,574$147,039▼ $13,535
Total Liabilities$59,176,441$57,782,138▼ $1,394,303
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,579,722$11,908,016▲ $328,294
Total Liabilities and Net Assets / Fund Balance$70,756,163$69,690,154▼ $1,066,009

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,191,568$681,358$1,872,926
Equipment$241,817$1,399,131$1,640,948
Land$737,688-$737,688
Other Securities$161,000--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hillard SparksCEO/sec/treaFT$177,927$23,634$201,561
Hillard SparksCEO/sec/treasurer-$169,765$31,796$201,561

Board Members and Trustees

NameTitle
Doug WorleyPresident
Royce MasseyPresident
Dr John LandersBoard Member
Dr Richard GardnerBoard Member
Dr Robert ClemmonsBoard Member
Otis JohnsonBoard Member
Sandra H JamesBoard Member
Dr Humphrey LeeSupervisory
Marvin DailySupervisory
Larry DanleySupv Comm Ch
Robert MullenVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,490,470
Investment Income
$589,214
Other Revenue
$1,083
Change in Net Assets
$350,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,575,959
Salaries, Compensation, and Employee Benefits$1,154,318
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$964,916-$964,916
Office Expenses-$253,832-$253,832
Interest-$253,075-$253,075
Occupancy-$175,554-$175,554
Other Expenses-$82,908-$82,908
Pension Plan Contributions-$77,684-$77,684
All Other Expenses-$72,210-$72,210
Payroll Taxes-$69,104-$69,104
Other Employee Benefits-$42,614-$42,614
Conferences and Meetings-$33,616-$33,616
Total Functional Expenses$0$2,730,277$0$2,730,277
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$674
Total Exempt Function Spending$674

Section 527 Organizations

OrganizationLocationAmount
52-1681138Tallahassee, FL$674
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
All Other Shares$26,775,612
Regular Shares$20,117,901
Share Drafts$10,741,586
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 directros 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 reviewed by the ceo before it is filed. 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

“Compensation committee, written contract, compensation survey or study approved by the board or compensation committee.”

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
Valley Credit Union
EIN
63-0421601
Phone
2563814800
Address
P O BOX 388, TUSCUMBIA, AL 35674

Signing Officer

Name
Hillard Sparks
Title
CEO/sec/treasurer
Phone
2563814800
Signed
2018-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hillard Sparks
Formed
1956
Legal Domicile
Al
Voting Board Members
9
Independent Board Members
9
Employees
38
Volunteers
12

Preparer

Firm
Leverage the Lscu Service Corporation
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Hiram H Hollifield
Phone
2054372133
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 business income.”

Form 990, Part XII

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

Raw XML AppendixShowing 400 of 441 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/OtherAssetsTotalGrp/EOYAmt01565921
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt042614
IRS990/OtherEmployeeBenefitsGrp/TotalAmt042614
IRS990/OtherExpensesGrp/Desc0PROF & OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXP
IRS990/OtherExpensesGrp/Desc3EDUCATIONAL & PROMO
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0440631
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1170398
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt293735
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt382908
IRS990/OtherExpensesGrp/TotalAmt0440631
IRS990/OtherExpensesGrp/TotalAmt1170398
IRS990/OtherExpensesGrp/TotalAmt293735
IRS990/OtherExpensesGrp/TotalAmt382908
IRS990/OtherLiabilitiesGrp/BOYAmt059015867
IRS990/OtherLiabilitiesGrp/EOYAmt057635099
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc1OTHER NON-OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc2LOSS ON DISPOS OF FIXED ASSE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt027336
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt118027
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2-44280
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027336
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt118027
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2-44280
IRS990/OtherRevenueTotalAmt01083
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0964916
IRS990/OtherSalariesAndWagesGrp/TotalAmt0964916
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt069104
IRS990/PayrollTaxesGrp/TotalAmt069104
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt077684
IRS990/PensionPlanContributionsGrp/TotalAmt077684
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0true
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0245492
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0246753
IRS990/PrincipalOfficerNm0HILLARD SPARKS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01785702
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1704768
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01785702
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1704768
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0253075
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0460067
IRS990/PYOtherExpensesAmt01622680
IRS990/PYOtherRevenueAmt022962
IRS990/PYProgramServiceRevenueAmt02425805
IRS990/PYRevenuesLessExpensesAmt0158967
IRS990/PYSalariesCompEmpBnftPaidAmt01127187
IRS990/PYTotalExpensesAmt02749867
IRS990/PYTotalRevenueAmt02908834
IRS990/ReconcilationRevenueExpnssAmt0350490
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04161973
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04179565
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012153281
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013472677
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0true
IRS990ScheduleC/InternalFundsContributedAmt0674
IRS990ScheduleC/PoliticalExpendituresAmt0674
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0521681138
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0ACULAC
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt0674
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt03692 COOLIDGE COURT
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0TALLAHASSEE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd032311
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTION TO ACULAC
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleC/TotalExemptFunctionExpendAmt0674
IRS990ScheduleD/BuildingsGrp/BookValueAmt01191568
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0681358
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01872926
IRS990ScheduleD/EquipmentGrp/BookValueAmt0241817
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01399131
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01640948
IRS990ScheduleD/LandGrp/BookValueAmt0737688
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0737688
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026775612
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120117901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210741586
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt018921007
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1161000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PAID IN CAPITAL-ACCU
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02171073
IRS990ScheduleD/TotalBookValueSecuritiesAmt019082007
IRS990ScheduleD/TotalLiabilityAmt057635099
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0169765
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount08162
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt023634
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HILLARD SPARKS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/SEC/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0201561
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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 BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTROS 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 REVIEWED BY THE CEO BEFORE IT IS FILED. THE 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/ExplanationTxt7COMPENSATION COMMITTEE, WRITTEN CONTRACT, COMPENSATION SURVEY OR STUDY APPROVED BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ANNUAL 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 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 XII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt070756163
IRS990/TotalAssetsEOYAmt069690154
IRS990/TotalAssetsGrp/BOYAmt070756163
IRS990/TotalAssetsGrp/EOYAmt069690154
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt038
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02730277
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02730277
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt059176441
IRS990/TotalLiabilitiesEOYAmt057782138
IRS990/TotalLiabilitiesGrp/BOYAmt059176441
IRS990/TotalLiabilitiesGrp/EOYAmt057782138
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011579722
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011908016
IRS990/TotalOtherCompensationAmt023634
IRS990/TotalProgramServiceExpensesAmt02730277
IRS990/TotalProgramServiceRevenueAmt02490470
IRS990/TotalReportableCompFromOrgAmt0177927
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03080767
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03080767
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt070756163
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt069690154
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 EAST 6TH ST
IRS990/USAddress/CityNm0TUSCUMBIA

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$69,690,154
Liabilities
$57,782,138
Net assets
$11,908,016
Revenue
$3,080,767
Expenses
$2,730,277
Net income
$350,490
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$103$90.8$12.4$4.86$4.42$0.44
2023Detailed filing. Detailed filing data is available for this year.$102$90.0$12.1$4.17$3.88$0.29
2022Detailed filing. Detailed filing data is available for this year.$96.3$85.1$11.2$3.33$2.82$0.51
2021Detailed filing. Detailed filing data is available for this year.$94.4$80.9$13.5$3.02$2.61$0.41
2020Detailed filing. Detailed filing data is available for this year.$85.6$72.1$13.6$3.03$2.84$0.19
2019Detailed filing. Detailed filing data is available for this year.$77.0$63.9$13.0$3.22$2.93$0.28
2018Detailed filing. Detailed filing data is available for this year.$71.8$59.7$12.1$3.17$2.85$0.31
2017Detailed filing. Detailed filing data is available for this year.$69.7$57.8$11.9$3.08$2.73$0.35
2016Detailed filing. Detailed filing data is available for this year.$70.8$59.2$11.6$2.91$2.75$0.16
2015Detailed filing. Detailed filing data is available for this year.$68.9$57.4$11.4$2.91$2.58$0.33
2014Detailed filing. Detailed filing data is available for this year.$65.2$54.1$11.1$2.95$2.58$0.37
2013Detailed filing. Detailed filing data is available for this year.$63.2$52.5$10.7$2.93$2.43$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.8$52.4$10.4$2.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.5$50.8$9.67$2.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.8$49.7$9.13$2.52