Civic Intelligence

Membersource Credit Union

990 • Fiscal year 2015 • EIN 74-1383158

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 25, 2016

Organization Profilemembersourcecu.org
10100 Richmond AveHouston, TX 77042

(713) 627-4000

Siviq Scores

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

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

65th percentile

20.00x

Higher debt load relative to revenue than 65% of similar nonprofits.

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

Net Margin

12th percentile

3.1%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

2nd percentile

$0

Higher top officer pay than 2% of similar nonprofits.

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

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

Asset Growth

12th percentile

0.9%

Faster asset growth than 12% of similar nonprofits.

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

Revenue Growth

8th percentile

-4.7%

Faster revenue growth than 8% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$193,534,237

Up $1,655,492 (+0.9%) from 2014

Net Assets

Up

$15,123,370

Up $220,689 (+1.5%) from 2014

Liabilities

Up

$178,410,867

Up $1,434,803 (+0.8%) from 2014

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin12th percentile

Revenue

Down

$8,922,193

Down $437,142 (-4.7%) from 2014

Expenses

Down

$8,649,785

Down $242,125 (-2.7%) from 2014

Net Income

Down

$272,408

Down $195,017 (-42%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$300M$200M$100M$0Assets 2010: $168,793,016Liabilities 2010: $156,085,267Net Assets 2010: $12,707,7492010Assets 2011: $178,692,498Liabilities 2011: $164,880,736Net Assets 2011: $13,811,7622011Assets 2012: $188,907,873Liabilities 2012: $174,240,024Net Assets 2012: $14,667,8492012Assets 2013: $189,961,473Liabilities 2013: $175,964,090Net Assets 2013: $13,997,3832013Assets 2014: $191,878,745Liabilities 2014: $176,976,064Net Assets 2014: $14,902,6812014Assets 2015: $193,534,237Liabilities 2015: $178,410,867Net Assets 2015: $15,123,3702015Assets 2016: $197,366,922Liabilities 2016: $181,747,096Net Assets 2016: $15,619,8262016Assets 2017: $202,507,167Liabilities 2017: $186,394,209Net Assets 2017: $16,112,9582017Assets 2018: $195,384,247Liabilities 2018: $178,853,320Net Assets 2018: $16,530,9272018Assets 2019: $187,863,919Liabilities 2019: $170,761,201Net Assets 2019: $17,102,7182019Assets 2020: $215,655,904Liabilities 2020: $195,082,244Net Assets 2020: $20,573,6602020Assets 2021: $222,529,883Liabilities 2021: $201,013,697Net Assets 2021: $21,516,1862021Assets 2022: $219,341,455Liabilities 2022: $199,556,188Net Assets 2022: $19,785,2672022Assets 2023: $196,162,100Liabilities 2023: $176,026,053Net Assets 2023: $20,136,0472023Assets 2024: $180,088,432Liabilities 2024: $159,683,099Net Assets 2024: $20,405,3332024

Highlighted filing

2015

Assets$193,534,237
Liabilities$178,410,867
Net Assets$15,123,370
Open 2015 Filing

Operations Trend

Revenue Growth8th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $12,189,4772010Expenses 2011: $9,189,6382011Expenses 2012: $8,753,9672012Revenue 2013: $9,178,453Expenses 2013: $8,807,616Net Income 2013: $370,8372013Revenue 2014: $9,359,335Expenses 2014: $8,891,910Net Income 2014: $467,4252014Revenue 2015: $8,922,193Expenses 2015: $8,649,785Net Income 2015: $272,4082015Revenue 2016: $9,244,888Expenses 2016: $8,928,484Net Income 2016: $316,4042016Revenue 2017: $9,469,798Expenses 2017: $8,900,808Net Income 2017: $568,9902017Revenue 2018: $10,101,343Expenses 2018: $9,698,366Net Income 2018: $402,9772018Revenue 2019: $10,325,648Expenses 2019: $9,839,586Net Income 2019: $486,0622019Revenue 2020: $9,912,997Expenses 2020: $9,357,474Net Income 2020: $555,5232020Revenue 2021: $9,847,092Expenses 2021: $8,550,415Net Income 2021: $1,296,6772021Revenue 2022: $9,456,713Expenses 2022: $8,865,566Net Income 2022: $591,1472022Revenue 2023: $9,991,181Expenses 2023: $10,351,483Net Income 2023: -$360,3022023Revenue 2024: $11,565,598Expenses 2024: $11,892,365Net Income 2024: -$326,7672024

Highlighted filing

2015

Revenue$8,922,193
Expenses$8,649,785
Net Income$272,408
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 25, 2016
Return Version
2015v2.0
Gross Receipts
$8,922,193
Mission and Program Overview

Mission

MemberSource Credit Union will consistently meet members' needs by providing personal quality service in a professional environment through motivated employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$97,196,821$99,405,192▲ $2,208,371
Investments Other Securities$66,569,268$75,038,684▲ $8,469,416
Rtn Earn Endowment Incm Other Fnds$14,902,681$15,123,370▲ $220,689
Land, Buildings, and Equipment, Net$7,091,649$6,817,411▼ $274,238
Savings and Temporary Cash Investments$16,043,939$5,361,227▼ $10,682,712
Accounts Receivable$557,854$2,170,716▲ $1,612,862
Cash and Non-Interest-Bearing Accounts$1,663,776$2,000,099▲ $336,323
Prepaid Expenses and Deferred Charges$336,571$350,073▲ $13,502
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$191,878,745$193,534,237▲ $1,655,492
Other Assets Total$2,418,867$2,390,835▼ $28,032
Liabilities
Other Liabilities$176,185,510$177,445,940▲ $1,260,430
Accounts Payable and Accrued Expenses$790,554$964,927▲ $174,373
Total Liabilities$176,976,064$178,410,867▲ $1,434,803
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,902,681$15,123,370▲ $220,689
Total Liabilities and Net Assets / Fund Balance$191,878,745$193,534,237▲ $1,655,492

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,803,948$1,756,074$5,560,022
Equipment$431,339$3,662,666$4,094,005
Land$2,491,856-$2,491,856
Leasehold Improvements$90,268$22,700$112,968
Compensation and Service Providers
Top Officer Pay2nd percentile

Board Members and Trustees

NameTitle
Richard PattonChairman
Kenny HarringtonPresident/CEO
Ellen TarverVice Chairman
Arthur RichardsonDirector
Dave BerryDirector
Gay BaskinDirector
Jeremy SmithDirector
Melinda GarrettDirector
Leon DavisCFO
Cheri PeperSecretary
Joseph F HildenbrandTreasurer
Kelly BrinkVP-Admin
Bobbi PhelpsVP-Branch Op
Samuel PhelpsVP-it
Diana FisherVP-Mktg & Dev

Highest Paid Contractors

ContractorServicesLocationCompensation
Insperity IncEmployee Leasing19001 Crescent Springs Drive, Kingwood, TX 77339$3,829,283
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,316,878
Investment Income
$979,063
Other Revenue
$626,252
Change in Net Assets
$272,408

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,922,193
Revenue Not Reported on Form 990
$-51,719
Total Revenue per Audited Statements
$8,870,474
Total Revenue per Form 990
$8,922,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,639,880
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$3,882,800
Office Expenses---$1,091,857
Occupancy---$728,430
Other Expenses---$403,886
Interest---$329,508
Advertising---$198,058
Fees for Services Accounting---$72,000
Conferences and Meetings---$48,539
All Other Expenses---$33,290
Fees for Services Legal---$10,172
Benefits to Members---$9,905
Total Functional Expenses$0$0$0$8,649,785

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,649,785
Total Expenses per Audited Statements$8,649,785
Total Expenses per Form 990$8,649,785
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$176,899,477
A/P Drafts Authorized$546,463
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Two officers are married to each other.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“A draft copy of the tax return is reviewed and approved by the Board of Directors prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Officers, directors and key employees are required to disclose any conflicts of interest. The organization adheres to the Standards of Conduct for Staff policy and Credit Union Governance policy.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“A compensation committee, consisting of the Board Members, determines CEO salary with reference to CUNA and CCUL compensation surveys. Board approval of the committee recommendation is required.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Posted in branch offices and upon request.”

Filing and Contact Details

Filer

Filer Name
MemberSource Credit Union
EIN
74-1383158
Phone
7136274000
Address
10100 Richmond Ave, Houston, TX 77042

Signing Officer

Name
Leon Davis
Title
CFO
Signed
2016-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leon Davis
Formed
2000
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Seefeld Lawson Moeller Llp
Address
1610 WOODSTEAD COURT SUITE 455, THE WOODLANDS, TX 77380
Preparer
Lisa N Jacobs CPA
Phone
2813629732
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IRS990/Form990PartVIISectionAGrp/PersonNm6Dave Berry
IRS990/Form990PartVIISectionAGrp/PersonNm7Melinda Garrett
IRS990/Form990PartVIISectionAGrp/PersonNm8Jeremy Smith
IRS990/Form990PartVIISectionAGrp/PersonNm9Kenny Harrington
IRS990/Form990PartVIISectionAGrp/PersonNm10Kelly Brink
IRS990/Form990PartVIISectionAGrp/PersonNm11Diana Fisher
IRS990/Form990PartVIISectionAGrp/PersonNm12Bobbi Phelps
IRS990/Form990PartVIISectionAGrp/PersonNm13Samuel Phelps
IRS990/Form990PartVIISectionAGrp/PersonNm14Leon Davis
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt11VP-Mktg & Dev
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP-Branch Op
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP-IT
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt08922193
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0329508
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0979063
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0979063
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt066569268
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt075038684
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt02127
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05441440
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07091649
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06817411
IRS990/LandBldgEquipCostOrOtherBssAmt012258851
IRS990/LegalDomicileStateCd0TX
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MemberSource Credit Union will consistently meet members' needs by providing personal quality service in a professional environment through motivated employees.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt014902681
IRS990/NetAssetsOrFundBalancesEOYAmt015123370
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-131819
IRS990/NetUnrlzdGainsLossesInvstAmt0-51719
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0728430
IRS990/OfficeExpensesGrp/TotalAmt01091857
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02418867
IRS990/OtherAssetsTotalGrp/EOYAmt02390835
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Other
IRS990/OtherExpensesGrp/Desc1Loan Servicing
IRS990/OtherExpensesGrp/Desc2Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc3ATM/Checking Expenses
IRS990/OtherExpensesGrp/TotalAmt0788040
IRS990/OtherExpensesGrp/TotalAmt1530974
IRS990/OtherExpensesGrp/TotalAmt2522326
IRS990/OtherExpensesGrp/TotalAmt3403886
IRS990/OtherLiabilitiesGrp/BOYAmt0176185510
IRS990/OtherLiabilitiesGrp/EOYAmt0177445940
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0Misc Operating Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0507602
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0626252
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0118650
IRS990/OtherRevenueTotalAmt0626252
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt097196821
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt099405192
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0336571
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0350073
IRS990/PrincipalOfficerNm0Leon Davis
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0ATM Income
IRS990/ProgramServiceRevenueGrp/Desc1Credit Card Interchange
IRS990/ProgramServiceRevenueGrp/Desc2Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc3Loan Interest
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0755851
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1398748
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21292604
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34869675
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0755851
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1398748
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21292604
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34869675
IRS990/ProgSrvcAccomActy2Grp/Desc0Savings, CDs, Checking & IRAs - 27,727 Accounts totaling $176,873,793.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0580712
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01906651
IRS990/ProgSrvcAccomActy3Grp/Desc0Real Estate/ Mortgage Loans - 438 Loans totaling $27,900,153
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt039393
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01338369
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt08161
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01016710
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt08883749
IRS990/PYOtherRevenueAmt0655519
IRS990/PYProgramServiceRevenueAmt07687106
IRS990/PYRevenuesLessExpensesAmt0467425
IRS990/PYTotalExpensesAmt08891910
IRS990/PYTotalRevenueAmt09359335
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0272408
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04178666
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014902681
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt015123370
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016043939
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05361227
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03803948
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01756074
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05560022
IRS990ScheduleD/EquipmentGrp/BookValueAmt0431339
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03662666
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04094005
IRS990ScheduleD/ExpensesSubtotalAmt08649785
IRS990ScheduleD/LandGrp/BookValueAmt02491856
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02491856
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt090268
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt022700
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0112968
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-51719
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0546463
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1176899477
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0A/P Drafts Authorized
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Shares
IRS990ScheduleD/RevenueNotReportedAmt0-51719
IRS990ScheduleD/RevenueSubtotalAmt08922193
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06817411
IRS990ScheduleD/TotalBookValueSecuritiesAmt075038684
IRS990ScheduleD/TotalExpensesPerForm990Amt08649785
IRS990ScheduleD/TotalLiabilityAmt0177445940
IRS990ScheduleD/TotalRevenuePerForm990Amt08922193
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08870474
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08649785
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Two officers are married to each other.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft copy of the tax return is reviewed and approved by the Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Officers, directors and key employees are required to disclose any conflicts of interest. The organization adheres to the Standards of Conduct for Staff policy and Credit Union Governance policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A compensation committee, consisting of the Board Members, determines CEO salary with reference to CUNA and CCUL compensation surveys. Board approval of the committee recommendation is required.

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Filings

Displayed year

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

Open filing
Assets
$193,534,237
Liabilities
$178,410,867
Net assets
$15,123,370
Revenue
$8,922,193
Expenses
$8,649,785
Net income
$272,408
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$180$160$20.4$11.6$11.9$0.33
2023Detailed filing. Detailed filing data is available for this year.$196$176$20.1$9.99$10.4$0.36
2022Detailed filing. Detailed filing data is available for this year.$219$200$19.8$9.46$8.87$0.59
2021Detailed filing. Detailed filing data is available for this year.$223$201$21.5$9.85$8.55$1.30
2020Detailed filing. Detailed filing data is available for this year.$216$195$20.6$9.91$9.36$0.56
2019Detailed filing. Detailed filing data is available for this year.$188$171$17.1$10.3$9.84$0.49
2018Detailed filing. Detailed filing data is available for this year.$195$179$16.5$10.1$9.70$0.40
2017Detailed filing. Detailed filing data is available for this year.$203$186$16.1$9.47$8.90$0.57
2016Detailed filing. Detailed filing data is available for this year.$197$182$15.6$9.24$8.93$0.32
2015Detailed filing. Detailed filing data is available for this year.$194$178$15.1$8.92$8.65$0.27
2014Detailed filing. Detailed filing data is available for this year.$192$177$14.9$9.36$8.89$0.47
2013Detailed filing. Detailed filing data is available for this year.$190$176$14.0$9.18$8.81$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$189$174$14.7$8.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$179$165$13.8$9.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$169$156$12.7$12.2