Civic Intelligence

Mct Credit Union

990 • Fiscal year 2015 • EIN 74-1255147

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 04, 2016

Organization ProfileWWW.MCTCU.ORG

View Organization Page

2736 Nall StreetPort Neches, TX 77651

(409) 727-1446

Siviq Scores

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

Liabilities / Assets

66th percentile

0.91x

Higher debt load relative to assets than 66% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

23rd percentile

15.37x

Higher debt load relative to revenue than 23% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Net Margin

50th percentile

11%

Higher net margin than 50% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

87th percentile

$307,440

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Asset Growth

51st percentile

5.0%

Faster asset growth than 51% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

40th percentile

2.8%

Faster revenue growth than 40% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$245,978,369

Up $11,666,807 (+5.0%) from 2014

Net Assets

Up

$23,254,110

Up $238,487 (+1.0%) from 2014

Liabilities

Up

$222,724,259

Up $11,428,320 (+5.4%) from 2014

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin50th percentile

Revenue

Up

$14,487,809

Up $399,524 (+2.8%) from 2014

Expenses

Up

$12,869,835

Up $252,368 (+2.0%) from 2014

Net Income

Up

$1,617,974

Up $147,156 (+10%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$400M$300M$200M$100M$0Assets 2010: $196,618,649Liabilities 2010: $178,598,269Net Assets 2010: $18,020,3802010Assets 2011: $204,518,178Liabilities 2011: $186,063,210Net Assets 2011: $18,454,9682011Assets 2012: $216,469,215Liabilities 2012: $197,383,836Net Assets 2012: $19,085,3792012Assets 2013: $222,344,809Liabilities 2013: $201,728,567Net Assets 2013: $20,616,2422013Assets 2014: $234,311,562Liabilities 2014: $211,295,939Net Assets 2014: $23,015,6232014Assets 2015: $245,978,369Liabilities 2015: $222,724,259Net Assets 2015: $23,254,1102015Assets 2016: $255,470,758Liabilities 2016: $232,157,797Net Assets 2016: $23,312,9612016Assets 2017: $315,914,429Liabilities 2017: $289,732,320Net Assets 2017: $26,182,1092017Assets 2018: $295,924,955Liabilities 2018: $268,225,038Net Assets 2018: $27,699,9172018Assets 2019: $299,976,930Liabilities 2019: $269,499,419Net Assets 2019: $30,477,5112019Assets 2020: $357,012,507Liabilities 2020: $326,482,978Net Assets 2020: $30,529,5292020Assets 2021: $363,107,409Liabilities 2021: $331,175,018Net Assets 2021: $31,932,3912021Assets 2022: $355,819,917Liabilities 2022: $329,151,009Net Assets 2022: $26,668,9082022Assets 2023: $355,729,593Liabilities 2023: $325,923,982Net Assets 2023: $29,805,6112023Assets 2024: $358,623,991Liabilities 2024: $326,119,045Net Assets 2024: $32,504,9462024

Highlighted filing

2015

Assets$245,978,369
Liabilities$222,724,259
Net Assets$23,254,110
Open 2015 Filing

Operations Trend

Revenue Growth40th percentile

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

$30M$20M$10M$0Expenses 2010: $13,129,3232010Revenue 2011: $13,862,856Expenses 2011: $12,967,244Net Income 2011: $895,6122011Expenses 2012: $12,694,4472012Revenue 2013: $13,853,196Expenses 2013: $12,672,310Net Income 2013: $1,180,8862013Revenue 2014: $14,088,285Expenses 2014: $12,617,467Net Income 2014: $1,470,8182014Revenue 2015: $14,487,809Expenses 2015: $12,869,835Net Income 2015: $1,617,9742015Revenue 2016: $14,535,178Expenses 2016: $13,783,792Net Income 2016: $751,3862016Revenue 2017: $15,728,686Expenses 2017: $13,722,320Net Income 2017: $2,006,3662017Revenue 2018: $16,112,684Expenses 2018: $14,161,193Net Income 2018: $1,951,4912018Revenue 2019: $16,421,061Expenses 2019: $14,070,079Net Income 2019: $2,350,9822019Revenue 2020: $15,531,663Expenses 2020: $14,415,621Net Income 2020: $1,116,0422020Revenue 2021: $15,984,837Expenses 2021: $14,634,518Net Income 2021: $1,350,3192021Revenue 2022: $17,733,954Expenses 2022: $16,167,383Net Income 2022: $1,566,5712022Revenue 2023: $20,307,574Expenses 2023: $19,301,045Net Income 2023: $1,006,5292023Revenue 2024: $21,743,927Expenses 2024: $20,690,246Net Income 2024: $1,053,6812024

Highlighted filing

2015

Revenue$14,487,809
Expenses$12,869,835
Net Income$1,617,974
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 4, 2016
Return Version
2015v2.1
Gross Receipts
$15,358,854
Mission and Program Overview

Mission

To provide financial services, loan, and deposit products that will meet needs and expectations of the field of membership and provide a fair and equitable return to the credit union. To grow the field of membership by aggressively pursuing all persons in need of financial products and services by continually enhancing products to better serve the field of membership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$162,036,622$171,944,445▲ $9,907,823
Investments Program Related$34,306,020$32,234,020▼ $2,072,000
Rtn Earn Endowment Incm Other Fnds$23,015,623$23,254,110▲ $238,487
Savings and Temporary Cash Investments$12,547,108$14,932,993▲ $2,385,885
Investments in Publicly Traded Securities$5,176,200$8,163,904▲ $2,987,704
Land, Buildings, and Equipment, Net$8,344,304$8,130,737▼ $213,567
Cash and Non-Interest-Bearing Accounts$2,187,282$2,299,013▲ $111,731
Receivables From Officers Etc$1,321,742$1,352,935▲ $31,193
Investments Other Securities$744,379$591,427▼ $152,952
Prepaid Expenses and Deferred Charges$360,154$363,188▲ $3,034
Accounts Receivable$139,717$138,537▼ $1,180
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$234,311,562$245,978,369▲ $11,666,807
Other Assets Total$7,148,034$5,827,170▼ $1,320,864
Liabilities
Other Liabilities$206,233,603$217,312,257▲ $11,078,654
Accounts Payable and Accrued Expenses$5,062,336$5,412,002▲ $349,666
Total Liabilities$211,295,939$222,724,259▲ $11,428,320
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,015,623$23,254,110▲ $238,487
Total Liabilities and Net Assets / Fund Balance$234,311,562$245,978,369▲ $11,666,807

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,382,769$2,855,975$9,238,744
Equipment$454,397$2,394,550$2,848,947
Land$1,293,571-$1,293,571
Investment Program Related Org$32,234,020--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thad AngellePresident/CEOFT$219,368$88,072$307,440
Mary FadhliExecutive Vice PresidentFT$169,681$77,927$247,608
Chad PowellCFOFT$109,334$29,347$138,681
Karen FrederickControllerFT$117,602$13,080$130,682
Michael McgeeVP of Business LendingFT$112,606$10,119$122,725
Jill ForseVP of Human ResourcesFT$102,079$13,272$115,351

Board Members and Trustees

NameTitle
Charles LankfordDirector
Deborah NorrisDirector
James Myers JrDirector
Michael GuidryDirector
Michael LairdDirector
Peggy DelahoussayeDirector
Randy BrownDirector
Randy ChanceDirector
Randy LuptonDirector
Rebecca DemeterDirector
Trent DevenzioDirector
Yvonne GrimesDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
American National InsuranceCredit Life And DisabilityPO BOX 696785, San Antonio, TX 78269$565,158
TransfundDebit Card ProcessingPO BOX 2300, Tulsa, OK 74102$472,157
Jack Henry And AssociatesData ProcessingPO BOX 610, Monett, MO 65709$411,038
Third Degree Advertising And CommunicatiMarketing Services501 N WALKER, Oklahoma City, OK 73102$377,015
American Service GroupAuto WarrantiesPO BOX 3400, Conroe, TX 77305$294,354
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,939,801
Investment Income
$526,008
Other Revenue
$22,000
Change in Net Assets
$1,617,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,779,561
Salaries, Compensation, and Employee Benefits$5,731,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,615,549
Office Expenses---$2,261,926
Benefits to Members---$1,358,640
Current Officers, Directors, Trustees, and Key Employees---$693,729
Pension Plan Contributions---$599,417
Fees for Services Other---$579,984
Other Employee Benefits---$507,088
Occupancy---$455,739
Information Technology---$438,554
Depreciation Depletion---$328,078
Payroll Taxes---$315,851
Other Expenses---$243,384
Conferences and Meetings---$221,815
All Other Expenses---$74,289
Fees for Services Accounting---$50,449
Fees for Services Legal---$25,535
Interest---$51
Total Functional Expenses$0$0$0$12,869,835
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mary FadhliCU'S EXECUTIVE VPCU'S EXECUTIVE VP, MARY FADHLI, IS RELATED TO DISCOVERY INFORMATION TECHNOLOGIES, INC. (SPOUSE, ADAM FADHLI IS OWNER). THE CU CONDUCTS INFORMATION TECHNOLOGY SUPPORT AND EQUIPMENT WITH THIS ENTITY.No$268,330

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,321,742$1,352,935▲ $31,193
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Share Drafts$82,822,991
Regular Shares$58,870,808
Other Shares$27,153,375
Share Certificates$22,765,976
Money Market Shares$13,346,146
Ira/keough Accounts$12,352,961
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 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 2

“Family relationship - yvonne grimes and rebecca demeter”

Form 990, Part VI, Section A, Line 6

“The credit union has members who each own a share of the credit union. The members of the credit union elect the governing body and approve any significant decisions of the governing body as directed in the credit union's by-laws.”

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

“The credit union has members who each own a a share of the credit union. The members of the credit union elect the governing body and approve any significant decisions of the governing body as directed in the credit union's by-laws.”

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

“The credit union has members who each own a a share of the credit union. The members of the credit union elect the governing body and approve any significant decisions of the governing body as directed in the credit union's by-laws.”

Form 990, Part VI, Section B, Line 11

“Form 990 is available to the board of directors for review at the regularly scheduled monthly meeting.”

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

“Mct credit union monitors the conflict of interest policy by requiring all employees to report the potential conflicts of interest to management. Officers and key employees must report conflicts of interest to the chief executive officer. The chief executive officer and any member of the board of directors must report any potential conflicts of interest to the board chairman.”

Form 990, Part VI, Section B, Line 15

“Mct credit union uses several methods to determine the compensation of key employees and officers. The credit union's board of directors appoints a compensation committee to review employees compensation and make recommendations to the board of directors. The compensation committee uses compease, a compensation consulting software. The program takes several factors into account such as specific job responsibilities and local market conditions when determining recommended compensation. Once the compensation committee has a recommendation, it is presented to the board of directors for approval.”

Form 990, Part VI, Section C, Line 19

“Mct credit union will provide copies of the governing documents and conflict of interest policy upon request. Mct credit union posts the balance sheet in the lobby of each branch location monthly. The credit union also publishes the yearly financial statements in an annual report to the membership.”

Filing and Contact Details

Filer

Filer Name
Mct Credit Union
EIN
74-1255147
Phone
4097271446
Address
2736 NALL STREET, PORT NECHES, TX 77651

Signing Officer

Name
Chad Powell
Title
CFO
Phone
4097271446
Signed
2016-10-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Powell
Formed
1953
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
96
Volunteers
10

Preparer

Firm
Cliftonlarsonallen Llp
Address
PO BOX 217, AUSTIN, MN 55912
Preparer
Sherri Wessels
Phone
5074347000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2B

“Audited financial statements - the audit was done as of 3/31. Therefore, the reporting period for the audit does not match the reporting period for the 990.”

Form 990, Part XII, Line 2C

“This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“As allowed by state regulatory authorities, the audit is done as of march 31. The reporting period for the audit, therefore, does not match the reporting period for the 990. The credit union is exempt, under irc 501 (c) (14), from federal and state income taxes. Certain products and services provided by select state chartered credit unions have been deemed by the internal revenue service (irs), in technical advice memorandums (tams) released in 2007, to be unrelated to the specific entity's exempt purpose. As presented in the technical advice memorandums the net taxable income from these products and services would be subject to income taxes. Credit unions have litigated against the irs positions noted in the tams and have been successful in having courts declare in 2009 and 2010 that revenue from insurance products sold to members, helping them protect their financial wellbeing, qualifies as exempt purpose income, contrary to the irs position in the tams. The credit union has not filed tax returns in the past since all activities are deemed non taxable. The taxing authorities have the ability to assess taxes, penalties and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the credit union's exempt purpose is not expected to have a material effect on the credit union's financial position or results of operations. The credit union evaluated its tax positions and determined no uncertain tax positions exist as of march 31, 2015 and 2014. The credit union's 2011 through 2014 tax years are open for examination by federal and state taxing authorities.”

Raw XML AppendixShowing 400 of 593 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05062336
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05412002
IRS990/AccountsReceivableGrp/BOYAmt0139717
IRS990/AccountsReceivableGrp/EOYAmt0138537
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCIAL SERVICES, LOAN, AND DEPOSIT PRODUCTS THAT WILL MEET NEEDS AND EXPECTATIONS OF THE FIELD OF MEMBERSHIP AND PROVIDE A FAIR AND EQUITABLE RETURN TO THE CREDIT UNION. TO GROW THE FIELD OF MEMBERSHIP BY AGGRESSIVELY PURSUING ALL PERSONS IN NEED OF FINANCIAL PRODUCTS AND SERVICES BY CONTINUALLY ENHANCING PRODUCTS TO BETTER SERVE THE FIELD OF MEMBERSHIP.
IRS990/AllOtherExpensesGrp/TotalAmt074289
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt01358640
IRS990/BooksInCareOfDetail/PersonNm0CHAD POWELL
IRS990/BooksInCareOfDetail/PhoneNum04097271446
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02736 NALL STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0PORT NECHES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077651
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd01
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt02187282
IRS990/CashNonInterestBearingGrp/EOYAmt02299013
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt011
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0693729
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt0221815
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0565158
IRS990/ContractorCompensationGrp/CompensationAmt1472157
IRS990/ContractorCompensationGrp/CompensationAmt2411038
IRS990/ContractorCompensationGrp/CompensationAmt3377015
IRS990/ContractorCompensationGrp/CompensationAmt4294354
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 696785
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 2300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 610
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3501 N WALKER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO BOX 3400
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SAN ANTONIO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1TULSA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2MONETT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3OKLAHOMA CITY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4CONROE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1OK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2MO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3OK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd078269
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd174102
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd265709
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd373102
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd477305
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0AMERICAN NATIONAL INSURANCE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1TRANSFUND
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2JACK HENRY AND ASSOCIATES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3THIRD DEGREE ADVERTISING AND COMMUNICATI
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4AMERICAN SERVICE GROUP
IRS990/ContractorCompensationGrp/ServicesDesc0CREDIT LIFE AND DISABILITY
IRS990/ContractorCompensationGrp/ServicesDesc1DEBIT CARD PROCESSING
IRS990/ContractorCompensationGrp/ServicesDesc2DATA PROCESSING
IRS990/ContractorCompensationGrp/ServicesDesc3MARKETING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc4AUTO WARRANTIES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt01358640
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0526008
IRS990/CYOtherExpensesAmt05779561
IRS990/CYOtherRevenueAmt022000
IRS990/CYProgramServiceRevenueAmt013939801
IRS990/CYRevenuesLessExpensesAmt01617974
IRS990/CYSalariesCompEmpBnftPaidAmt05731634
IRS990/CYTotalExpensesAmt012869835
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt014487809
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0328078
IRS990/Desc0THE CREDIT UNION HAD 1,507 NEW MEMBERS JOIN IN 2015. THE CREDIT UNION OPENED 4,183 DEPOSIT ACCOUNTS IN 2015. THE CREDIT UNION OFFERS A VARIETY OF DEPOSIT ACCOUNT OPTIONS INCLUDING SHARE ACCOUNTS, SHARE DRAFT ACCOUNTS, MONEY MARKET ACCOUNTS, INDIVIDUAL RETIREMENT ACCOUNTS (IRA'S), AND CERTIFICATE OF DEPOSIT ACCOUNTS WITH VERY COMPETITIVE INTEREST RATES. THE CREDIT UNION HAS FIVE BRANCH LOCATIONS AS WELL AS A SHARED BRANCH PROGRAM, A 24 HOUR CALL CENTER, ONLINE BANKING AND BILL PAY OFFERED AT NO CHARGE TO THE MEMBERSHIP.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt096
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt050449
IRS990/FeesForServicesLegalGrp/TotalAmt025535
IRS990/FeesForServicesOtherGrp/TotalAmt0579984
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1250.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1350.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1450.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1550.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1650.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1750.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1238980
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1355576
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1429347
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1513080
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1610119
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1713272
IRS990/Form990PartVIISectionAGrp/PersonNm0RANDY BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm1RANDY CHANCE
IRS990/Form990PartVIISectionAGrp/PersonNm2PEGGY DELAHOUSSAYE
IRS990/Form990PartVIISectionAGrp/PersonNm3REBECCA DEMETER
IRS990/Form990PartVIISectionAGrp/PersonNm4YVONNE GRIMES
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL GUIDRY
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL LAIRD
IRS990/Form990PartVIISectionAGrp/PersonNm7CHARLES LANKFORD
IRS990/Form990PartVIISectionAGrp/PersonNm8RANDY LUPTON
IRS990/Form990PartVIISectionAGrp/PersonNm9JAMES MYERS JR
IRS990/Form990PartVIISectionAGrp/PersonNm10DEBORAH NORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm11TRENT DEVENZIO
IRS990/Form990PartVIISectionAGrp/PersonNm12THAD ANGELLE
IRS990/Form990PartVIISectionAGrp/PersonNm13MARY FADHLI
IRS990/Form990PartVIISectionAGrp/PersonNm14CHAD POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm15KAREN FREDERICK
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHAEL MCGEE
IRS990/Form990PartVIISectionAGrp/PersonNm17JILL FORSE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12268460
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13192032
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14109334
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15117602
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16112606
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17102079
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF BUSINESS LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP OF HUMAN RESOURCES
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01953
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-3984
IRS990/GainOrLossGrp/SecuritiesAmt0270
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0367331
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0500000
IRS990/GrossReceiptsAmt015358854
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0438554
IRS990/InterestGrp/TotalAmt051
IRS990/InvestmentIncomeGrp/ExclusionAmt0529722
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0529722
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0744379
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0591427
IRS990/InvestmentsProgramRelatedGrp/BOYAmt034306020
IRS990/InvestmentsProgramRelatedGrp/EOYAmt032234020
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05176200
IRS990/InvestmentsPubTradedSecGrp/EOYAmt08163904
IRS990/IRPDocumentCnt07155
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05250525
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08344304
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08130737
IRS990/LandBldgEquipCostOrOtherBssAmt013381262
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0371315
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0499730
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL SERVICES, LOAN, AND DEPOSIT PRODUCTS THAT WILL MEET NEEDS AND EXPECTATIONS OF THE FIELD OF MEMBERSHIP AND PROVIDE A FAIR AND EQUITABLE RETURN TO THE CREDIT UNION. TO GROW THE FIELD OF MEMBERSHIP BY AGGRESSIVELY PURSUING ALL PERSONS IN NEED OF FINANCIAL PRODUCTS AND SERVICES BY CONTINUALLY ENHANCING PRODUCTS TO BETTER SERVE THE FIELD OF MEMBERSHIP.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt023015623
IRS990/NetAssetsOrFundBalancesEOYAmt023254110
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-3714
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3714
IRS990/NetUnrelatedBusTxblIncmAmt016535
IRS990/NetUnrlzdGainsLossesInvstAmt0-1379487
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0455739
IRS990/OfficeExpensesGrp/TotalAmt02261926
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07148034
IRS990/OtherAssetsTotalGrp/EOYAmt05827170
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0507088
IRS990/OtherExpensesGrp/Desc0UNRELATED BUSINESS INCO
IRS990/OtherExpensesGrp/Desc1EDUCATIONAL AND PROMOTI
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN AND
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/TotalAmt03800
IRS990/OtherExpensesGrp/TotalAmt1654957
IRS990/OtherExpensesGrp/TotalAmt2441000
IRS990/OtherExpensesGrp/TotalAmt3243384
IRS990/OtherLiabilitiesGrp/BOYAmt0206233603
IRS990/OtherLiabilitiesGrp/EOYAmt0217312257
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER NON-OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt022000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt022000
IRS990/OtherRevenueTotalAmt022000
IRS990/OtherSalariesAndWagesGrp/TotalAmt03615549
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0162036622
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0171944445
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0315851
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0599417
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0360154
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0363188
IRS990/PrincipalOfficerNm0CHAD POWELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09381668
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12809015
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21626293
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09381668
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12809015
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21749118
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0122825
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION OFFERS CONSUMER LOANS, MORTGAGE LOANS, AND BUSINESS LOANS TO MEMBERSHIP. THE CREDIT UNION GRANTED 3,710 LOANS FOR $97,300,045 TO ITS MEMBERSHIP IN 2015.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01501946
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0418260
IRS990/PYOtherExpensesAmt05695619
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt013670025
IRS990/PYRevenuesLessExpensesAmt01470818
IRS990/PYSalariesCompEmpBnftPaidAmt05419902
IRS990/PYTotalExpensesAmt012617467
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014088285
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01321742
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01352935
IRS990/ReconcilationRevenueExpnssAmt01617974
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt023015623
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt023254110
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012547108
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014932993
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06382769
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02855975
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09238744
IRS990ScheduleD/EquipmentGrp/BookValueAmt0454397
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02394550
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02848947
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt032234020
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DEPOSITS IN BANKS & OTHER CUS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt01293571
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01293571
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058870808
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt182822991
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213346146
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt322765976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt412352961
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt527153375
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4IRA/KEOUGH ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5OTHER SHARES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF MARCH 31. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. THE CREDIT UNION IS EXEMPT, UNDER IRC 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE CREDIT UNION HAS NOT FILED TAX RETURNS IN THE PAST SINCE ALL ACTIVITIES ARE DEEMED NON TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF MARCH 31, 2015 AND 2014. THE CREDIT UNION'S 2011 THROUGH 2014 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$245,978,369
Liabilities
$222,724,259
Net assets
$23,254,110
Revenue
$14,487,809
Expenses
$12,869,835
Net income
$1,617,974
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$359$326$32.5$21.7$20.7$1.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$356$326$29.8$20.3$19.3$1.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$356$329$26.7$17.7$16.2$1.57
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$363$331$31.9$16.0$14.6$1.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$357$326$30.5$15.5$14.4$1.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$300$269$30.5$16.4$14.1$2.35
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$296$268$27.7$16.1$14.2$1.95
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$316$290$26.2$15.7$13.7$2.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$255$232$23.3$14.5$13.8$0.75
2015Detailed filing. Detailed filing data is available for this year.$246$223$23.3$14.5$12.9$1.62
2014Detailed filing. Detailed filing data is available for this year.$234$211$23.0$14.1$12.6$1.47
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$222$202$20.6$13.9$12.7$1.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$216$197$19.1$12.7
2011Summary only. Only limited summary data is available for this year.$205$186$18.5$13.9$13.0$0.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$197$179$18.0$13.1