Civic Intelligence

Membersource Credit Union

990 • Fiscal year 2020 • EIN 74-1383158

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 08, 2021

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

62nd percentile

0.90x

Higher debt load relative to assets than 62% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

47th percentile

19.68x

Higher debt load relative to revenue than 47% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Net Margin

27th percentile

5.6%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

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.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Asset Growth

35th percentile

15%

Faster asset growth than 35% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-4.0%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$215,655,904

Up $27,791,985 (+15%) from 2019

Net Assets

Up

$20,573,660

Up $3,470,942 (+20%) from 2019

Liabilities

Up

$195,082,244

Up $24,321,043 (+14%) from 2019

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin27th percentile

Revenue

Down

$9,912,997

Down $412,651 (-4.0%) from 2019

Expenses

Down

$9,357,474

Down $482,112 (-4.9%) from 2019

Net Income

Up

$555,523

Up $69,461 (+14%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2020

Assets$215,655,904
Liabilities$195,082,244
Net Assets$20,573,660
Open 2020 Filing

Operations Trend

Revenue Growth39th 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

2020

Revenue$9,912,997
Expenses$9,357,474
Net Income$555,523
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.1
Gross Receipts
$9,912,997
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.

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$151,626,923$149,468,464▼ $2,158,459
Investments Other Securities$18,703,836$30,597,488▲ $11,893,652
Savings and Temporary Cash Investments$6,305,322$22,408,797▲ $16,103,475
Rtn Earn Endowment Incm Other Fnds$17,102,718$20,573,660▲ $3,470,942
Land, Buildings, and Equipment, Net$6,241,887$6,539,097▲ $297,210
Accounts Receivable$593,027$2,414,851▲ $1,821,824
Cash and Non-Interest-Bearing Accounts$1,769,269$1,492,255▼ $277,014
Prepaid Expenses and Deferred Charges$264,077$218,749▼ $45,328
Total Assets$187,863,919$215,655,904▲ $27,791,985
Other Assets Total$2,359,578$2,516,203▲ $156,625
Liabilities
Other Liabilities$169,136,161$193,587,651▲ $24,451,490
Accounts Payable and Accrued Expenses$1,625,040$1,494,593▼ $130,447
Total Liabilities$170,761,201$195,082,244▲ $24,321,043
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,102,718$20,573,660▲ $3,470,942
Total Liabilities and Net Assets / Fund Balance$187,863,919$215,655,904▲ $27,791,985

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,156,227$2,518,512$5,674,739
Equipment$354,630$3,566,262$3,920,892
Land$2,491,856-$2,491,856
Other Land Buildings$500,824-$500,824
Leasehold Improvements$35,560$77,408$112,968
Other Securities$2,517,743--
Compensation and Service Providers
Top Officer Pay2nd percentile

Board Members and Trustees

NameTitle
Ellen TarverChairman
Kenneth HarringtonPresidentceo
Jeremy SmithVice Chairman
Arthur RichardsonDirector
David BerryDirector
Eddie CorvinDirector
Gay BaskinDirector
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$4,349,524
Rob Caesar TechnologiesIt Consulting27526 MEEKS BAY CT, Katy, TX 77494$123,299
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,498,065
Investment Income
$301,514
Other Revenue
$113,418
Change in Net Assets
$555,523
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,357,474
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---$4,305,478
Fees for Services Other---$1,047,374
Office Expenses---$937,711
Occupancy---$687,545
Interest---$566,457
Other Expenses$163,432--$163,432
Travel---$43,337
All Other Expenses---$26,668
Insurance---$10,462
Total Functional Expenses$0$0$0$9,357,474
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$193,587,651
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

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

Members or stockholder classes and rights Part VI line 6

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

Member election for additional members Part VI line 7A

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

Form 990 governing body review Part VI line 11

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

Conflict of interest policy compliance Part VI 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.”

CEO executive director top management comp Part VI 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.”

Governing documents etc available to public Part VI line 19

“Posted in branch office and upon request.”

Filing and Contact Details

Filer

Filer Name
Membersource Credit Union
EIN
74-1383158
Address
10100 RICHMOND AVE, HOUSTON, TX 77042

Signing Officer

Name
Leon Davis
Title
CFO
Phone
7136274000
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
12

Preparer

Firm
Crowl Cameron & Associates PLLC
Address
303 Longmire Rd Ste 201, Conroe, TX 77304
Preparer
Lisa Jacobs
Phone
9365392133
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Equity acquired in merger”

List of other fees for services expenses Part IX line 11G

“Professional and outside services 1,047,374.total other fees on form 990, part ix, line 11g, col a 1,047,374.”

Raw XML AppendixShowing 400 of 471 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.

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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt09912997
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt010462
IRS990/InterestGrp/TotalAmt0566457
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0301514
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0301514
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt018703836
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt030597488
IRS990/IRPDocumentCnt01819
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06162182
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06241887
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06539097
IRS990/LandBldgEquipCostOrOtherBssAmt012701279
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
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/NetAssetsOrFundBalancesBOYAmt017102718
IRS990/NetAssetsOrFundBalancesEOYAmt020573660
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt073736
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0687545
IRS990/OfficeExpensesGrp/TotalAmt0937711
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02359578
IRS990/OtherAssetsTotalGrp/EOYAmt02516203
IRS990/OtherChangesInNetAssetsAmt02690588
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3EDUCATION AND PROMOTION
IRS990/OtherExpensesGrp/ProgramServicesAmt0673009
IRS990/OtherExpensesGrp/ProgramServicesAmt1497185
IRS990/OtherExpensesGrp/ProgramServicesAmt2398816
IRS990/OtherExpensesGrp/ProgramServicesAmt3163432
IRS990/OtherExpensesGrp/TotalAmt0673009
IRS990/OtherExpensesGrp/TotalAmt1497185
IRS990/OtherExpensesGrp/TotalAmt2398816
IRS990/OtherExpensesGrp/TotalAmt3163432
IRS990/OtherLiabilitiesGrp/BOYAmt0169136161
IRS990/OtherLiabilitiesGrp/EOYAmt0193587651
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0MISC OPERATING INCOME
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0113418
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0113418
IRS990/OtherRevenueTotalAmt0113418
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0151626923
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0149468464
IRS990/PartialLiquidationInd0false
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0264077
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0218749
IRS990/PriorPeriodAdjustmentsAmt0151095
IRS990/ProfessionalFundraisingInd0false
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/RelatedOrExemptFuncIncomeAmt06813225
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11729025
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2702544
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3253271
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06813225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11729025
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2702544
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3253271
IRS990/ProgSrvcAccomActy2Grp/Desc0SAVINGS, CDS, CHECKING & IRAS - 28,216 ACCOUNTS TOTALING $169,081,922.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0933511
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01717595
IRS990/ProgSrvcAccomActy3Grp/Desc0REAL ESTATE/MORTGAGE LOANS - 515 LOANS TOTALING $47,483,563
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt036400
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01595095
IRS990/ProgSrvcAccomActyOtherGrp/Desc0INVESTMENT INCOME
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0301514
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0567010
IRS990/PYOtherExpensesAmt09839586
IRS990/PYOtherRevenueAmt0142964
IRS990/PYProgramServiceRevenueAmt09615674
IRS990/PYRevenuesLessExpensesAmt0486062
IRS990/PYTotalExpensesAmt09839586
IRS990/PYTotalRevenueAmt010325648
IRS990/QuidProQuoContributionsInd0false
IRS990/ReconcilationRevenueExpnssAmt0555523
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04908892
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt017102718
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt020573660
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06305322
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022408797
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03156227
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02518512
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05674739
IRS990ScheduleD/EquipmentGrp/BookValueAmt0354630
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03566262
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03920892
IRS990ScheduleD/LandGrp/BookValueAmt02491856
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02491856
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt035560
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt077408
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0112968
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0500824
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0500824
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0193587651
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt015810808
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11170019
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2432518
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt384400
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt410582000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt52517743
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FEDERAL AGENCY SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT IN CUSO
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PERPETUAL CONTRIBUTED
IRS990ScheduleD/OtherSecuritiesGrp/Desc3FEDERAL HOME LOAN BANK
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/TotalBookValueLandBuildingsAmt06539097
IRS990ScheduleD/TotalBookValueSecuritiesAmt030597488
IRS990ScheduleD/TotalLiabilityAmt0193587651
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 2 EXPLANATION - TWO OFFICERS ARE MARRIED TO EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CREDIT UNIONS ARE MEMBER-OWNED ORGANIZATIONS. EACH MEMBERSOURCE CREDIT UNION MEMBER OWNS (1) $5.00 VOTING SHARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION FOLLOWS A DEMOCRATIC PROCESS WHERE EVERY MEMBER GETS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LINE 11B EXPLANATION- A DRAFT COPY OF THE TAX RETURN IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS, 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/ExplanationTxt5THE 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/ExplanationTxt6POSTED IN BRANCH OFFICE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7EQUITY ACQUIRED IN MERGER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PROFESSIONAL AND OUTSIDE SERVICES 1,047,374.TOTAL OTHER FEES ON FORM 990, PART IX, LINE 11G, COL A 1,047,374.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$215,655,904
Liabilities
$195,082,244
Net assets
$20,573,660
Revenue
$9,912,997
Expenses
$9,357,474
Net income
$555,523
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
Peer Organizations

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