Civic Intelligence

Membersource Credit Union

990 • Fiscal year 2018 • EIN 74-1383158

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

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

85th percentile

0.92x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

58th percentile

17.71x

Higher debt load relative to revenue than 58% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Net Margin

10th percentile

4.0%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

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.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Asset Growth

4th percentile

-3.5%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

27th percentile

6.7%

Faster revenue growth than 27% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$195,384,247

Down $7,122,920 (-3.5%) from 2017

Net Assets

Up

$16,530,927

Up $417,969 (+2.6%) from 2017

Liabilities

Down

$178,853,320

Down $7,540,889 (-4.0%) from 2017

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin10th percentile

Revenue

Up

$10,101,343

Up $631,545 (+6.7%) from 2017

Expenses

Up

$9,698,366

Up $797,558 (+9.0%) from 2017

Net Income

Down

$402,977

Down $166,013 (-29%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2018

Assets$195,384,247
Liabilities$178,853,320
Net Assets$16,530,927
Open 2018 Filing

Operations Trend

Revenue Growth27th 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

2018

Revenue$10,101,343
Expenses$9,698,366
Net Income$402,977
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$10,116,810
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$140,111,033$153,745,360▲ $13,634,327
Investments Other Securities$45,413,834$24,198,445▼ $21,215,389
Savings and Temporary Cash Investments$3,322,543$6,566,515▲ $3,243,972
Land, Buildings, and Equipment, Net$6,562,402$6,282,023▼ $280,379
Cash and Non-Interest-Bearing Accounts$1,732,630$1,372,841▼ $359,789
Accounts Receivable$578,219$535,652▼ $42,567
Prepaid Expenses and Deferred Charges$225,185$304,199▲ $79,014
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$202,507,167$195,384,247▼ $7,122,920
Other Assets Total$4,561,321$2,379,212▼ $2,182,109
Liabilities
Other Liabilities$185,276,561$177,823,412▼ $7,453,149
Accounts Payable and Accrued Expenses$1,117,648$1,029,908▼ $87,740
Total Liabilities$186,394,209$178,853,320▼ $7,540,889
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,112,958$16,530,927▲ $417,969
Total Liabilities and Net Assets / Fund Balance$202,507,167$195,384,247▼ $7,122,920

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,370,377$2,195,124$5,565,501
Equipment$362,346$3,970,097$4,332,443
Land$2,491,856-$2,491,856
Leasehold Improvements$57,444$55,524$112,968
Other Securities$3,449,211--
Compensation and Service Providers
Top Officer Pay2nd percentile

Board Members and Trustees

NameTitle
Richard PattonChairman
Kenny HarringtonPresident/CEO
Ellen TarverVice Chairman
Arthur RichardsonDirector
David BerryDirector
Gay BaskinDirector
Jeremy SmithDirector
Patrick GibsonDirector
Leon DavisCFO
Cheri PeperSecretary
Joseph F HildenbrandTreasurer
Bobbi PhelpsVP-branch Op
Kelly BrinkVP-CLO
Samuel PhelpsVP-it
Diana FisherVP-marketing

Highest Paid Contractors

ContractorServicesLocationCompensation
Insperity INCEmployee Leasing19001 CRESCENT SPRINGS DRIVE, Kingwood, TX 77339$4,019,561
Rob Caesar TechnologiesIt Consulting27526 MEEKS BAY CT, Katy, TX 77494$124,664
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,042,324
Investment Income
$691,315
Other Revenue
$367,704
Change in Net Assets
$402,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,698,366
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---$4,142,779
Fees for Services Other---$887,075
Office Expenses---$872,746
Occupancy---$758,374
Interest---$450,483
Other Expenses---$192,523
Travel---$40,231
All Other Expenses---$25,840
Insurance---$10,980
Total Functional Expenses$0$0$0$9,698,366
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$177,823,412
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Section A, Line 2

“Line 2 explanation - two officers are married to each other.”

Form 990, Part VI, Section A, Line 6

“Credit unions are member-owned organizations. Each membersource credit union member owns (1) $5.00 voting share.”

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

“The credit union follows a democratic process where every member gets one vote.”

Form 990, Part VI, Section B, Line 11B

“Line 11b explanation - a draft copy of the tax return is reviewed and approved by the board of directors prior to filing.”

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

“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, Section B, Line 15A

“The executive committee, consisting of board members, determines ceo salary with reference to cues and ccul compensation surveys. The executive committee will then communicate the new ceo salary to the complete board.”

Form 990, Part VI, Section C, Line 19

“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
Phone
7136274000
Signed
2019-11-07
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
14

Preparer

Firm
Briggs & Veselka Co
Address
1610 WOODSTEAD COURT SUITE 455, THE WOODLANDS, TX 77380
Preparer
R Scott Robertson
Phone
2813629732
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 3B

“The 990-t is filed with the 990 return.”

Raw XML AppendixShowing 400 of 465 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
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01029908
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IRS990/AccountsReceivableGrp/EOYAmt0535652
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MEMBERSOURCE CREDIT UNION WILL CONSISTENTLY MEET MEMBERS' NEEDS BY PROVIDING PERSONAL QUALITY SERVICE IN A PROFESSIONAL ENVIRONMENT THROUGH MOTIVATED EMPLOYEES.
IRS990/AllOtherExpensesGrp/TotalAmt025840
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IRS990/BooksInCareOfDetail/PhoneNum07136274000
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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP-CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP-MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP-BRANCH OP
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt06282023
IRS990/LandBldgEquipCostOrOtherBssAmt012502768
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt015467
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MEMBERSOURCE CREDIT UNION WILL CONSISTENTLY MEET MEMBERS' NEEDS BY PROVIDING PERSONAL QUALITY SERVICE IN A PROFESSIONAL ENVIRONMENT THROUGH MOTIVATED EMPLOYEES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt016112958
IRS990/NetAssetsOrFundBalancesEOYAmt016530927
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-15467
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-15467
IRS990/NetUnrelatedBusTxblIncmAmt0-79031
IRS990/NetUnrlzdGainsLossesInvstAmt014992
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0758374
IRS990/OfficeExpensesGrp/TotalAmt0872746
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04561321
IRS990/OtherAssetsTotalGrp/EOYAmt02379212
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/Desc3EDUCATION AND PROMOTION
IRS990/OtherExpensesGrp/TotalAmt01286645
IRS990/OtherExpensesGrp/TotalAmt1592885
IRS990/OtherExpensesGrp/TotalAmt2437805
IRS990/OtherExpensesGrp/TotalAmt3192523
IRS990/OtherLiabilitiesGrp/BOYAmt0185276561
IRS990/OtherLiabilitiesGrp/EOYAmt0177823412
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0MISC OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0218218
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0367704
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0149486
IRS990/OtherRevenueTotalAmt0367704
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0140111033
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0153745360
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0225185
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0304199
IRS990/PrincipalOfficerNm0LEON DAVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2ATM INCOME
IRS990/ProgramServiceRevenueGrp/Desc3CREDIT CARD INTERCHANGE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06346615
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11634787
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2752541
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3308381
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06346615
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11634787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2752541
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3308381
IRS990/ProgSrvcAccomActy2Grp/Desc0REAL ESTATE/ MORTGAGE LOANS - 546 LOANS TOTALING $41,470,332
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt031646
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01749028
IRS990/ProgSrvcAccomActy3Grp/Desc0SAVINGS, CDS, CHECKING & IRAS - 27,864 ACCOUNTS TOTALING $177,762,447. ATM AND INTERCHANGE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0618954
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt03063413
IRS990/ProgSrvcAccomActyOtherGrp/Desc0INVESTMENT INCOME
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0706782
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0818027
IRS990/PYOtherExpensesAmt08900808
IRS990/PYOtherRevenueAmt0766452
IRS990/PYProgramServiceRevenueAmt07885319
IRS990/PYRevenuesLessExpensesAmt0568990
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt08900808
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09469798
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0402977
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04597586
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03322543
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06566515
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03370377
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02195124
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05565501
IRS990ScheduleD/EquipmentGrp/BookValueAmt0362346
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03970097
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04332443
IRS990ScheduleD/LandGrp/BookValueAmt02491856
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02491856
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt057444
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt055524
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0112968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0177823412
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02595132
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11176794
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2422208
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt382100
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt416473000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt53449211
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FEDERAL AGENCY SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT IN CUSO
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PEPERTUAL CONTRIBUTED CAPITAL AT CCU
IRS990ScheduleD/OtherSecuritiesGrp/Desc3FEDERAL HOME LOAN BANK STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc4QWIK RATE CDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc5UBS CDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06282023
IRS990ScheduleD/TotalBookValueSecuritiesAmt024198445
IRS990ScheduleD/TotalLiabilityAmt0177823412
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990-T IS FILED WITH THE 990 RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 2 EXPLANATION - TWO OFFICERS ARE MARRIED TO EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CREDIT UNIONS ARE MEMBER-OWNED ORGANIZATIONS. EACH MEMBERSOURCE CREDIT UNION MEMBER OWNS (1) $5.00 VOTING SHARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION FOLLOWS A DEMOCRATIC PROCESS WHERE EVERY MEMBER GETS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LINE 11B EXPLANATION - A DRAFT COPY OF THE TAX RETURN IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OFFICERS, 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/ExplanationTxt6THE EXECUTIVE COMMITTEE, CONSISTING OF BOARD MEMBERS, DETERMINES CEO SALARY WITH REFERENCE TO CUES AND CCUL COMPENSATION SURVEYS. THE EXECUTIVE COMMITTEE WILL THEN COMMUNICATE THE NEW CEO SALARY TO THE COMPLETE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7POSTED IN BRANCH OFFICES AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0202507167
IRS990/TotalAssetsEOYAmt0195384247
IRS990/TotalAssetsGrp/BOYAmt0202507167
IRS990/TotalAssetsGrp/EOYAmt0195384247
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt09698366
IRS990/TotalGrossUBIAmt0149486
IRS990/TotalLiabilitiesBOYAmt0186394209

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$195,384,247
Liabilities
$178,853,320
Net assets
$16,530,927
Revenue
$10,101,343
Expenses
$9,698,366
Net income
$402,977
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