Civic Intelligence

Membersource Credit Union

990 • Fiscal year 2022 • EIN 74-1383158

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 23, 2023

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

58th percentile

0.91x

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

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

54th percentile

21.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Net Margin

13th percentile

6.3%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Asset Growth

21st percentile

-1.4%

Faster asset growth than 21% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-4.0%

Faster revenue growth than 8% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$219,341,455

Down $3,188,428 (-1.4%) from 2021

Net Assets

Down

$19,785,267

Down $1,730,919 (-8.0%) from 2021

Liabilities

Down

$199,556,188

Down $1,457,509 (-0.7%) from 2021

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin13th percentile

Revenue

Down

$9,456,713

Down $390,379 (-4.0%) from 2021

Expenses

Up

$8,865,566

Up $315,151 (+3.7%) from 2021

Net Income

Down

$591,147

Down $705,530 (-54%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2022

Assets$219,341,455
Liabilities$199,556,188
Net Assets$19,785,267
Open 2022 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

2022

Revenue$9,456,713
Expenses$8,865,566
Net Income$591,147
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$9,456,713
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$154,322,296$166,622,303▲ $12,300,007
Investments Other Securities$35,285,225$32,682,200▼ $2,603,025
Rtn Earn Endowment Incm Other Fnds$21,516,186$19,785,267▼ $1,730,919
Land, Buildings, and Equipment, Net$5,973,927$5,904,232▼ $69,695
Cash and Non-Interest-Bearing Accounts$888,395$4,936,205▲ $4,047,810
Savings and Temporary Cash Investments$17,772,238$687,667▼ $17,084,571
Prepaid Expenses and Deferred Charges$278,586$340,622▲ $62,036
Accounts Receivable$401,053$336,511▼ $64,542
Total Assets$222,529,883$219,341,455▼ $3,188,428
Other Assets Total$7,608,163$7,831,715▲ $223,552
Liabilities
Other Liabilities$199,937,710$198,105,807▼ $1,831,903
Accounts Payable and Accrued Expenses$1,075,987$1,450,381▲ $374,394
Total Liabilities$201,013,697$199,556,188▼ $1,457,509
Net Assets / Fund Balance
Total Net Assets Fund Balance$21,516,186$19,785,267▼ $1,730,919
Total Liabilities and Net Assets / Fund Balance$222,529,883$219,341,455▼ $3,188,428

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,976,210$2,759,393$5,735,603
Equipment$418,700$3,586,665$4,005,365
Land$2,491,856-$2,491,856
Leasehold Improvements$17,466$100,238$117,704
Other Securities$829,753--
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Jeremy SmithChairman
Kenneth HarringtonPresidentceo
Patrick GibsonVice Chairman
Arthur RichardsonDirector
David BerryDirector
Eddie CorvinDirector
Ellen TarverDirector
Gay BaskinDirector
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$4,338,845
Rob Caesar TechnologiesIt Consulting27526 MEEKS BAY CT, Katy, TX 77494$144,467
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,864,037
Investment Income
$520,481
Other Revenue
$72,195
Change in Net Assets
$591,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,865,566
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---$4,291,890
Fees for Services Other---$1,016,958
Office Expenses---$950,334
Occupancy---$715,531
Interest---$430,681
Other Expenses$133,646--$133,646
Travel---$55,450
All Other Expenses---$24,029
Insurance---$14,968
Total Functional Expenses$0$0$0$8,865,566
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$198,105,807
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
Elvin Tejada
Title
Interim VP of a
Phone
7136274000
Signed
2023-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Harrington
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

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

“Professional and outside services $1,016,958.total other fees on form 990, part ix, line 11g, col a $1,016,958.”

Raw XML AppendixShowing 400 of 470 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/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt09456713
IRS990/GroupExemptionNum02742
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt014968
IRS990/InterestGrp/TotalAmt0430681
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0520481
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0520481
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt035285225
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt032682200
IRS990/IRPDocumentCnt01615
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06446296
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05973927
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05904232
IRS990/LandBldgEquipCostOrOtherBssAmt012350528
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/NetAssetsOrFundBalancesBOYAmt021516186
IRS990/NetAssetsOrFundBalancesEOYAmt019785267
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2322066
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0715531
IRS990/OfficeExpensesGrp/TotalAmt0950334
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07608163
IRS990/OtherAssetsTotalGrp/EOYAmt07831715
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3EDUCATION AND PROMOTION
IRS990/OtherExpensesGrp/ProgramServicesAmt0254054
IRS990/OtherExpensesGrp/ProgramServicesAmt1489452
IRS990/OtherExpensesGrp/ProgramServicesAmt2488573
IRS990/OtherExpensesGrp/ProgramServicesAmt3133646
IRS990/OtherExpensesGrp/TotalAmt0254054
IRS990/OtherExpensesGrp/TotalAmt1489452
IRS990/OtherExpensesGrp/TotalAmt2488573
IRS990/OtherExpensesGrp/TotalAmt3133646
IRS990/OtherLiabilitiesGrp/BOYAmt0199937710
IRS990/OtherLiabilitiesGrp/EOYAmt0198105807
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0MISC OPERATING INCOME
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt072195
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt072195
IRS990/OtherRevenueTotalAmt072195
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0154322296
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0166622303
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0278586
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0340622
IRS990/PrincipalOfficerNm0KENNETH HARRINGTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
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/RelatedOrExemptFuncIncomeAmt06088957
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11801946
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2671282
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3301852
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06088957
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11801946
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2671282
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3301852
IRS990/ProgSrvcAccomActy2Grp/Desc0CONSUMER LOANS - 12,372 LOANS TOTALING $121,890,769
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0698286
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt04328877
IRS990/ProgSrvcAccomActy3Grp/Desc0REAL ESTATE/MORTGAGE LOANS - 424 LOANS TOTALING $44,859,364
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt044342
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01772064
IRS990/ProgSrvcAccomActyOtherGrp/Desc0INVESTMENT INCOME
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0524330
IRS990/PYOtherExpensesAmt08550415
IRS990/PYOtherRevenueAmt085915
IRS990/PYProgramServiceRevenueAmt09236847
IRS990/PYRevenuesLessExpensesAmt01296677
IRS990/PYTotalExpensesAmt08550415
IRS990/PYTotalRevenueAmt09847092
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0591147
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01782334
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt021516186
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt019785267
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017772238
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0687667
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02976210
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02759393
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05735603
IRS990ScheduleD/EquipmentGrp/BookValueAmt0418700
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03586665
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04005365
IRS990ScheduleD/LandGrp/BookValueAmt02491856
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02491856
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017466
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0100238
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0117704
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0198105807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt025431046
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11651095
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2432518
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt389800
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41999000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt52248988
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt6829753
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/Desc6CHARITABLE DONATION ACCT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05904232
IRS990ScheduleD/TotalBookValueSecuritiesAmt032682200
IRS990ScheduleD/TotalLiabilityAmt0198105807
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/ExplanationTxt7PROFESSIONAL AND OUTSIDE SERVICES $1,016,958.TOTAL OTHER FEES ON FORM 990, PART IX, LINE 11G, COL A $1,016,958.
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/FormAndLineReferenceDesc7List 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

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$219,341,455
Liabilities
$199,556,188
Net assets
$19,785,267
Revenue
$9,456,713
Expenses
$8,865,566
Net income
$591,147
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