Civic Intelligence

Dch Credit Union

EIN 63-0476332 • 501(c)14 • Tuscaloosa, AL

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Profile

Dch credit union is a member owned, not for profit financial institution which exists to promote the well being of our members through thrift opportunities and low cost loans to memebers.

1008 Veterans Memorial PkwyTuscaloosa, AL 35404

www.dchcu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

0.96x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

38th percentile

14.69x

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

501(c)14 • $25M-$50M nonprofits • Source year 2025

Net Margin

6th percentile

-25%

Higher net margin than 6% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)14 • $25M-$50M nonprofits • Source year 2025

Asset Growth

9th percentile

-6.6%

Faster asset growth than 9% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

19th percentile

-0.0%

Faster revenue growth than 19% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$43,943,621

Up $864,184 (+2.0%) from 2023

Liabilities

Up

$42,305,673

Up $1,067,322 (+2.6%) from 2023

Net Assets

Down

$1,637,948

Down $203,138 (-11%) from 2023

Operations
Liabilities / Revenue38th percentileNet Margin6th percentile

Revenue

Up

$2,685,782

Up $219,321 (+8.9%) from 2023

Expenses

Up

$3,335,071

Up $621,013 (+23%) from 2023

Net Income

Down

-$649,289

Down $401,692 (-162%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $32,818,302Liabilities 2010: $29,613,416Net Assets 2010: $3,204,8862010Assets 2011: $32,454,350Liabilities 2011: $28,974,809Net Assets 2011: $3,479,5412011Assets 2012: $32,803,683Liabilities 2012: $29,248,902Net Assets 2012: $3,554,7812012Assets 2013: $31,238,637Liabilities 2013: $27,553,341Net Assets 2013: $3,685,2962013Assets 2014: $30,648,955Liabilities 2014: $26,953,991Net Assets 2014: $3,694,9642014Assets 2015: $30,087,473Liabilities 2015: $26,295,880Net Assets 2015: $3,791,5932015Assets 2016: $29,487,990Liabilities 2016: $25,658,072Net Assets 2016: $3,829,9182016Assets 2017: $30,121,825Liabilities 2017: $26,062,872Net Assets 2017: $4,058,9532017Assets 2018: $29,309,533Liabilities 2018: $25,040,235Net Assets 2018: $4,269,2982018Assets 2019: $31,670,530Liabilities 2019: $27,139,066Net Assets 2019: $4,531,4642019Assets 2020: $37,160,431Liabilities 2020: $32,584,601Net Assets 2020: $4,575,8302020Assets 2021: $37,790,371Liabilities 2021: $33,605,010Net Assets 2021: $4,185,3612021Assets 2022: $40,895,274Liabilities 2022: $38,996,686Net Assets 2022: $1,898,5882022Assets 2023: $43,079,437Liabilities 2023: $41,238,351Net Assets 2023: $1,841,0862023Assets 2024: $43,943,621Liabilities 2024: $42,305,673Net Assets 2024: $1,637,9482024

Highlighted filing

2024

Assets$43,943,621
Liabilities$42,305,673
Net Assets$1,637,948
Open 2024 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,678,6822010Expenses 2011: $2,361,3432011Revenue 2012: $2,443,573Expenses 2012: $2,368,333Net Income 2012: $75,2402012Revenue 2013: $2,145,419Expenses 2013: $1,997,386Net Income 2013: $148,0332013Revenue 2014: $1,861,130Expenses 2014: $1,788,820Net Income 2014: $72,3102014Revenue 2015: $1,789,520Expenses 2015: $1,676,492Net Income 2015: $113,0282015Revenue 2016: $1,832,616Expenses 2016: $1,733,755Net Income 2016: $98,8612016Revenue 2017: $2,000,498Expenses 2017: $1,775,803Net Income 2017: $224,6952017Revenue 2018: $2,158,354Expenses 2018: $1,873,363Net Income 2018: $284,9912018Revenue 2019: $2,209,421Expenses 2019: $2,164,789Net Income 2019: $44,6322019Revenue 2020: $1,990,219Expenses 2020: $2,002,942Net Income 2020: -$12,7232020Revenue 2021: $1,851,079Expenses 2021: $2,054,168Net Income 2021: -$203,0892021Revenue 2022: $2,234,656Expenses 2022: $2,156,522Net Income 2022: $78,1342022Revenue 2023: $2,466,461Expenses 2023: $2,714,058Net Income 2023: -$247,5972023Revenue 2024: $2,685,782Expenses 2024: $3,335,071Net Income 2024: -$649,2892024

Highlighted filing

2024

Revenue$2,685,782
Expenses$3,335,071
Net Income-$649,289
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$43,943,621
Liabilities
$42,305,673
Net assets
$1,637,948
Revenue
$2,685,782
Expenses
$3,335,071
Net income
-$649,289
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.9$42.3$1.64$2.69$3.34$0.65
2023Summary only. Only limited summary data is available for this year.$43.1$41.2$1.84$2.47$2.71$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.9$39.0$1.90$2.23$2.16$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.8$33.6$4.19$1.85$2.05$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.2$32.6$4.58$1.99$2.00$0.01
2019Summary only. Only limited summary data is available for this year.$31.7$27.1$4.53$2.21$2.16$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$25.0$4.27$2.16$1.87$0.28
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.1$26.1$4.06$2.00$1.78$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.5$25.7$3.83$1.83$1.73$0.10
2015Summary only. Only limited summary data is available for this year.$30.1$26.3$3.79$1.79$1.68$0.11
2014Detailed filing. Detailed filing data is available for this year.$30.6$27.0$3.69$1.86$1.79$0.07
2013Detailed filing. Detailed filing data is available for this year.$31.2$27.6$3.69$2.15$2.00$0.15
2012Summary only. Only limited summary data is available for this year.$32.8$29.2$3.55$2.44$2.37$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$29.0$3.48$2.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.8$29.6$3.20$2.68
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.0
Gross Receipts
$2,685,782
Mission and Program Overview

Mission

Credit union - to provide services to approximately 4,629 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$19,266,472$22,536,974▲ $3,270,502
Investments Other Securities$19,077,764$17,501,949▼ $1,575,815
Land, Buildings, and Equipment, Net$2,160,893$1,985,906▼ $174,987
Rtn Earn Endowment Incm Other Fnds$1,841,086$1,637,948▼ $203,138
Cash and Non-Interest-Bearing Accounts$834,774$953,881▲ $119,107
Prepaid Expenses and Deferred Charges$199,136$260,860▲ $61,724
Savings and Temporary Cash Investments$947,000$200,000▼ $747,000
Total Assets$43,079,437$43,943,621▲ $864,184
Other Assets Total$593,398$504,051▼ $89,347
Liabilities
Other Liabilities$33,934,623$32,617,793▼ $1,316,830
Unsecured Notes Loans Payable$7,089,000$9,563,500▲ $2,474,500
Accounts Payable and Accrued Expenses$214,728$124,380▼ $90,348
Total Liabilities$41,238,351$42,305,673▲ $1,067,322
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,841,086$1,637,948▼ $203,138
Total Liabilities and Net Assets / Fund Balance$43,079,437$43,943,621▲ $864,184

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$827,243$401,917$1,229,160
Land$870,000-$870,000
Other Securities$250,000--
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shep LoweryPresident/ceFT$123,500$24,820$148,320

Board Members and Trustees

NameTitle
Michael WilsonBoard Chair
Iris RobertsonSc Chair
Bobbie GarnerBoard Mem
Gregory MadridBoard Mem
Sammy WatsonBoard Mem
Linda ForteBoard Secret
Susan DowdleBoard Treasu
Ben HortonBoard Vice C
Tamatha AnthonySc Mem
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,730,744
Investment Income
$485,359
Other Revenue
$469,679
Change in Net Assets
$-649,289
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,596,432
Salaries, Compensation, and Employee Benefits$738,639
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$835,575-$835,575
Other Salaries and Wages-$738,639-$738,639
Office Expenses-$475,965-$475,965
Occupancy-$177,453-$177,453
Other Expenses-$60,776-$60,776
Conferences and Meetings-$54,822-$54,822
All Other Expenses-$33,404-$33,404
Total Functional Expenses$0$3,335,071$0$3,335,071
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$16,239,214
All Other Shares$7,477,076
Share Drafts$6,899,503
Nonmember Deposits$2,002,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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 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 eleect 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 manager. 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 small credit union compensation.”

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

“Only comparability data was used in determining compensation for the president/ceo.”

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
Red Oak Credit Union
EIN
63-0476332
Phone
2057591371
Address
1008 VETERANS MEMORIAL PKWY, TUSCALOOSA, AL 35404

Signing Officer

Name
Daphne Newell
Title
President/CEO
Phone
2057597317
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shep Lowery
Formed
1955
Legal Domicile
Al
Voting Board Members
6
Independent Board Members
6
Employees
13
Volunteers
9

Preparer

Firm
Cu Audit & Compliance Group
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Amanda Onkst
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 had no unrelated business income.”

Form 990, Part XI, Line 9

“Due to rounding 0 all funding - per cecl 0 prior period adjustment 0”

Raw XML Appendix374 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/BOYAmt0214728
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0124380
IRS990/AccountsReceivableGrp/BOYAmt019266472
IRS990/AccountsReceivableGrp/EOYAmt022536974
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt033404
IRS990/AllOtherExpensesGrp/TotalAmt033404
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0SHEP LOWERY
IRS990/BooksInCareOfDetail/PhoneNum02057591371
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01008 VETERANS MEMORIAL PKWY
IRS990/BooksInCareOfDetail/USAddress/CityNm0TUSCALOOSA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd035404
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0834774
IRS990/CashNonInterestBearingGrp/EOYAmt0953881
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt054822
IRS990/ConferencesMeetingsGrp/TotalAmt054822
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0485359
IRS990/CYOtherExpensesAmt02596432
IRS990/CYOtherRevenueAmt0469679
IRS990/CYProgramServiceRevenueAmt01730744
IRS990/CYRevenuesLessExpensesAmt0-649289
IRS990/CYSalariesCompEmpBnftPaidAmt0738639
IRS990/CYTotalExpensesAmt03335071
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02685782
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/ExpenseAmt03107833
IRS990/FamilyOrBusinessRlnInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt024820
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0SHEP LOWERY
IRS990/Form990PartVIISectionAGrp/PersonNm1SUSAN DOWDLE
IRS990/Form990PartVIISectionAGrp/PersonNm2LINDA FORTE
IRS990/Form990PartVIISectionAGrp/PersonNm3BEN HORTON
IRS990/Form990PartVIISectionAGrp/PersonNm4GREGORY MADRID
IRS990/Form990PartVIISectionAGrp/PersonNm5SAMMY WATSON
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IRS990/Form990PartVIISectionAGrp/PersonNm8BOBBIE GARNER
IRS990/Form990PartVIISectionAGrp/PersonNm9IRIS ROBERTSON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD TREASU
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD SECRET
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD VICE C
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SC MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt9SC CHAIR
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IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02685782
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
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IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt019077764
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt017501949
IRS990/IRPDocumentCnt0585
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0949513
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02160893
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01985906
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IRS990/LegalDomicileStateCd0AL
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 4,337 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01841086
IRS990/NetAssetsOrFundBalancesEOYAmt01637948
IRS990/NetUnrlzdGainsLossesInvstAmt0446151
IRS990/NondeductibleContributionsInd0false
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
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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 HAD NO UNRELATED BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELEECT 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 MANAGER. 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/ExplanationTxt7THE BOARD OF DIRECTORS USE A COMPARISON OF SMALL CREDIT UNION COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ONLY COMPARABILITY DATA WAS USED IN DETERMINING COMPENSATION FOR THE PRESIDENT/CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DUE TO ROUNDING 0 ALL FUNDING - PER CECL 0 PRIOR PERIOD ADJUSTMENT 0
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IRS990/WebsiteAddressTxt0WWW.REDOAKCU.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAPHNE NEWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02057597317
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RED OAK CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0REDO
ReturnHeader/Filer/EIN0630476332
ReturnHeader/Filer/PhoneNum02057591371
ReturnHeader/Filer/USAddress/AddressLine1Txt01008 VETERANS MEMORIAL PKWY
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202711127
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CU AUDIT & COMPLIANCE GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03692 COOLIDGE CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TALLAHASSEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0323117890
ReturnHeader/PreparerPersonGrp/PhoneNum02054372176
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMANDA ONKST
ReturnHeader/ReturnTs02025-05-15T11:09:54-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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