Civic Intelligence

Mct Credit Union

990 • Fiscal year 2017 • EIN 74-1255147

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 01, 2018

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

89th percentile

0.92x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

18.42x

Higher debt load relative to revenue than 56% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Net Margin

49th percentile

13%

Higher net margin than 49% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

47th percentile

$387,011

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Asset Growth

98th percentile

24%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

8.2%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$315,914,429

Up $60,443,671 (+24%) from 2016

Net Assets

Up

$26,182,109

Up $2,869,148 (+12%) from 2016

Liabilities

Up

$289,732,320

Up $57,574,523 (+25%) from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin49th percentile

Revenue

Up

$15,728,686

Up $1,193,508 (+8.2%) from 2016

Expenses

Down

$13,722,320

Down $61,472 (-0.4%) from 2016

Net Income

Up

$2,006,366

Up $1,254,980 (+167%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2017

Assets$315,914,429
Liabilities$289,732,320
Net Assets$26,182,109
Open 2017 Filing

Operations Trend

Revenue Growth49th 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

2017

Revenue$15,728,686
Expenses$13,722,320
Net Income$2,006,366
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 1, 2018
Return Version
2017v2.3
Gross Receipts
$16,172,513
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$179,460,407$187,759,113▲ $8,298,706
Savings and Temporary Cash Investments$16,177,886$67,907,356▲ $51,729,470
Investments in Publicly Traded Securities$32,762,079$37,235,905▲ $4,473,826
Rtn Earn Endowment Incm Other Fnds$23,312,961$26,182,109▲ $2,869,148
Land, Buildings, and Equipment, Net$8,304,051$7,951,425▼ $352,626
Cash and Non-Interest-Bearing Accounts$1,630,094$3,085,108▲ $1,455,014
Investments Program Related$8,662,400$2,740,100▼ $5,922,300
Receivables From Officers Etc$1,384,984$1,417,669▲ $32,685
Prepaid Expenses and Deferred Charges$405,026$469,462▲ $64,436
Investments Other Securities$474,607$360,894▼ $113,713
Accounts Receivable$88,533$70,324▼ $18,209
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$255,470,758$315,914,429▲ $60,443,671
Other Assets Total$6,120,691$6,917,073▲ $796,382
Liabilities
Other Liabilities$225,360,562$278,786,695▲ $53,426,133
Accounts Payable and Accrued Expenses$6,797,235$10,945,625▲ $4,148,390
Total Liabilities$232,157,797$289,732,320▲ $57,574,523
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,312,961$26,182,109▲ $2,869,148
Total Liabilities and Net Assets / Fund Balance$255,470,758$315,914,429▲ $60,443,671

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,523,396$3,352,408$9,875,804
Equipment$514,362$1,418,060$1,932,422
Land$913,667-$913,667
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thad AngellePresident/CEOFT$247,952$139,059$387,011
Mary FadhliExecutive Vice PresidentFT$196,758$145,212$341,970
Chad PowellCFOFT$117,633$37,721$155,354
Jill ForseVP of Human ResourcesFT$106,638$39,321$145,959
Michael McgeeVP of Business LendingFT$120,264$11,416$131,680
Karen FrederickControllerFT$117,482$11,422$128,904

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

Highest Paid Contractors

ContractorServicesLocationCompensation
TransfundDebit Card ProcessingPO BOX 2300, Tulsa, OK 74102$522,867
Jack Henry And AssociatesData ProcessingPO BOX 610, Monett, MO 65709$466,455
KasasaAccount Technology & MarketingPO BOX 527, Lubbock, TX 79408$348,439
Discovery ComputersTechnology Equipment, Monitoring & Consu904 HWY 69, Nederland, TX 77627$294,976
3rd DegreeMarketing ServicesPO BOX 5155, Norman, OK 73070$287,868
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,203,698
Investment Income
$1,524,988
Other Revenue
$0
Change in Net Assets
$2,006,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,456,886
Salaries, Compensation, and Employee Benefits$5,898,617
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,834,025
Office Expenses---$2,261,804
Benefits to Members---$1,366,817
Current Officers, Directors, Trustees, and Key Employees---$884,335
Fees for Services Other---$577,916
Information Technology---$524,093
Depreciation Depletion---$442,557
Other Employee Benefits---$434,902
Occupancy---$419,249
Pension Plan Contributions---$414,244
Payroll Taxes---$331,111
Conferences and Meetings---$260,527
All Other Expenses---$82,456
Fees for Services Legal---$66,142
Interest---$62,663
Other Expenses---$57,940
Fees for Services Accounting---$28,671
Total Functional Expenses$0$0$0$13,722,320
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$294,976

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,384,984$1,417,669▲ $32,685
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Share Drafts$100,543,775
Regular Shares$93,104,331
Other Shares$37,833,243
Share Certificates$22,757,257
Money Market Shares$13,523,659
Ira/keough Accounts$11,024,430
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
Yes
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 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 11B

“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
2018-10-01
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
95
Volunteers
9

Preparer

Firm
Cliftonlarsonallen Llp
Address
PO BOX 217, AUSTIN, MN 55912
Preparer
Tanya Medgaarden
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 filed tax returns for 2015 and 2016 for all activities are deemed 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, 2017 and 2016. The credit union's 2013 through 2016 tax years are open for examination by federal and state taxing authorities.”

Raw XML AppendixShowing 400 of 565 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/BOYAmt06797235
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010945625
IRS990/AccountsReceivableGrp/BOYAmt088533
IRS990/AccountsReceivableGrp/EOYAmt070324
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/TotalAmt082456
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt01366817
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/BusinessRlnWithFamMemInd01
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01630094
IRS990/CashNonInterestBearingGrp/EOYAmt03085108
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt015
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0884335
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt0260527
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0522867
IRS990/ContractorCompensationGrp/CompensationAmt1466455
IRS990/ContractorCompensationGrp/CompensationAmt2348439
IRS990/ContractorCompensationGrp/CompensationAmt3294976
IRS990/ContractorCompensationGrp/CompensationAmt4287868
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 2300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 610
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 527
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3904 HWY 69
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO BOX 5155
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0TULSA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1MONETT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2LUBBOCK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3NEDERLAND
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4NORMAN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0OK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4OK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd074102
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd165709
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd279408
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd377627
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd473070
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0TRANSFUND
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1JACK HENRY AND ASSOCIATES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2KASASA
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3DISCOVERY COMPUTERS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt43RD DEGREE
IRS990/ContractorCompensationGrp/ServicesDesc0DEBIT CARD PROCESSING
IRS990/ContractorCompensationGrp/ServicesDesc1DATA PROCESSING
IRS990/ContractorCompensationGrp/ServicesDesc2ACCOUNT TECHNOLOGY & MARKETING
IRS990/ContractorCompensationGrp/ServicesDesc3TECHNOLOGY EQUIPMENT, MONITORING & CONSU
IRS990/ContractorCompensationGrp/ServicesDesc4MARKETING SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt01366817
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01524988
IRS990/CYOtherExpensesAmt06456886
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt014203698
IRS990/CYRevenuesLessExpensesAmt02006366
IRS990/CYSalariesCompEmpBnftPaidAmt05898617
IRS990/CYTotalExpensesAmt013722320
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt015728686
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0442557
IRS990/Desc0THE CREDIT UNION HAD 1,407 NEW MEMBERS JOIN IN 2017. THE CREDIT UNION OPENED 4,294 DEPOSIT ACCOUNTS IN 2017. 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/EmployeeCnt095
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt028671
IRS990/FeesForServicesLegalGrp/TotalAmt066142
IRS990/FeesForServicesOtherGrp/TotalAmt0577916
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/AverageHoursPerWeekRt1150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1250.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1350.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1450.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1550.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1650.00
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/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/OtherCompensationAmt11112688
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt12124143
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1329019
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1411422
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1511416
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1639321
IRS990/Form990PartVIISectionAGrp/PersonNm0RANDY BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm1RANDY CHANCE
IRS990/Form990PartVIISectionAGrp/PersonNm2PEGGY DELAHOUSSAYE
IRS990/Form990PartVIISectionAGrp/PersonNm3REBECCA DEMETER
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL GUIDRY
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL LAIRD
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLES LANKFORD
IRS990/Form990PartVIISectionAGrp/PersonNm7RANDY LUPTON
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES MYERS JR
IRS990/Form990PartVIISectionAGrp/PersonNm9DEBORAH NORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm10TRENT DEVENZIO
IRS990/Form990PartVIISectionAGrp/PersonNm11THAD ANGELLE
IRS990/Form990PartVIISectionAGrp/PersonNm12MARY FADHLI
IRS990/Form990PartVIISectionAGrp/PersonNm13CHAD POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm14KAREN FREDERICK
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHAEL MCGEE
IRS990/Form990PartVIISectionAGrp/PersonNm16JILL 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/ReportableCompFromOrgAmt11274323
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12217827
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13126335
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14117482
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15120264
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16106638
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/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/TitleTxt11PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt14CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF BUSINESS LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF HUMAN RESOURCES
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01953
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0554064
IRS990/GainOrLossGrp/SecuritiesAmt0-55010
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0942881
IRS990/GrossReceiptsAmt016172513
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0524093
IRS990/InterestGrp/TotalAmt062663
IRS990/InvestmentIncomeGrp/ExclusionAmt01025934
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01025934
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0474607
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0360894
IRS990/InvestmentsProgramRelatedGrp/BOYAmt08662400
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02740100
IRS990/InvestmentsPubTradedSecGrp/BOYAmt032762079
IRS990/InvestmentsPubTradedSecGrp/EOYAmt037235905
IRS990/IRPDocumentCnt07185
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04770468
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08304051
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07951425
IRS990/LandBldgEquipCostOrOtherBssAmt012721893
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0388817
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt055010
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/NetAssetsOrFundBalancesBOYAmt023312961
IRS990/NetAssetsOrFundBalancesEOYAmt026182109
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0554064
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-55010
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0499054
IRS990/NetUnrelatedBusTxblIncmAmt0-3530
IRS990/NetUnrlzdGainsLossesInvstAmt0862784
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0419249
IRS990/OfficeExpensesGrp/TotalAmt02261804
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06120691
IRS990/OtherAssetsTotalGrp/EOYAmt06917073
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0434902
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL AND PROMOTI
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN AND
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc3ASI ASSESSMENT
IRS990/OtherExpensesGrp/TotalAmt0715423
IRS990/OtherExpensesGrp/TotalAmt1635310
IRS990/OtherExpensesGrp/TotalAmt2322135
IRS990/OtherExpensesGrp/TotalAmt357940
IRS990/OtherLiabilitiesGrp/BOYAmt0225360562
IRS990/OtherLiabilitiesGrp/EOYAmt0278786695
IRS990/OtherSalariesAndWagesGrp/TotalAmt03834025
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0179460407
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0187759113
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0331111
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0414244
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0405026
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0469462
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/RelatedOrExemptFuncIncomeAmt09531503
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12870223
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21691838
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09531503
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12870223
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21801972
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0110134
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION OFFERS CONSUMER LOANS, MORTGAGE LOANS, AND BUSINESS LOANS TO MEMBERSHIP. THE CREDIT UNION GRANTED 3,672 LOANS FOR $106,911,318 TO ITS MEMBERSHIP IN 2017.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01328862
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0584163
IRS990/PYOtherExpensesAmt06679916
IRS990/PYOtherRevenueAmt02500
IRS990/PYProgramServiceRevenueAmt013948515
IRS990/PYRevenuesLessExpensesAmt0751386
IRS990/PYSalariesCompEmpBnftPaidAmt05775014
IRS990/PYTotalExpensesAmt013783792
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014535178
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01384984
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01417669
IRS990/ReconcilationRevenueExpnssAmt02006366
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt023312961
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt026182109
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016177886
IRS990/SavingsAndTempCashInvstGrp/EOYAmt067907356
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06523396
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03352408
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09875804
IRS990ScheduleD/EquipmentGrp/BookValueAmt0514362
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01418060
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01932422
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0913667
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0913667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt093104331
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1100543775
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213523659
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt322757257
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt411024430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt537833243
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 FILED TAX RETURNS FOR 2015 AND 2016 FOR ALL ACTIVITIES ARE DEEMED 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, 2017 AND 2016. THE CREDIT UNION'S 2013 THROUGH 2016 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07951425
IRS990ScheduleD/TotalLiabilityAmt0278786695
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0247952
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1196758
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2117633
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount024823
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount120037
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount28498

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$315,914,429
Liabilities
$289,732,320
Net assets
$26,182,109
Revenue
$15,728,686
Expenses
$13,722,320
Net income
$2,006,366
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
2017Detailed filing. Detailed filing data is available for this year.$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