Civic Intelligence

Liberty One Credit Union

990 • Fiscal year 2019 • EIN 75-0297300

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 26, 2020

Organization ProfileN/A

View Organization Page

2221 E Lamar BlvdArlington, TX 76006

(214) 413-5588

Siviq Scores

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

Liabilities / Assets

51st percentile

0.89x

Higher debt load relative to assets than 51% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

19.77x

Higher debt load relative to revenue than 81% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Net Margin

34th percentile

9.4%

Higher net margin than 34% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

26th percentile

$169,612

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Asset Growth

24th percentile

1.4%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

3.7%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$133,817,486

Up $1,811,709 (+1.4%) from 2018

Net Assets

Up

$14,947,254

Up $1,182,831 (+8.6%) from 2018

Liabilities

Up

$118,870,232

Up $628,878 (+0.5%) from 2018

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin34th percentile

Revenue

Up

$6,012,708

Up $215,526 (+3.7%) from 2018

Expenses

Up

$5,446,841

Up $348,184 (+6.8%) from 2018

Net Income

Down

$565,867

Down $132,658 (-19%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$200M$150M$100M$50M$0Assets 2008: $68,809,090Liabilities 2008: $59,456,030Net Assets 2008: $9,353,0602008Assets 2010: $86,029,199Liabilities 2010: $75,929,077Net Assets 2010: $10,100,1222010Assets 2011: $93,092,365Liabilities 2011: $82,524,550Net Assets 2011: $10,567,8152011Assets 2012: $98,009,106Liabilities 2012: $86,671,362Net Assets 2012: $11,337,7442012Assets 2013: $103,221,497Liabilities 2013: $91,953,237Net Assets 2013: $11,268,2602013Assets 2014: $105,243,197Liabilities 2014: $93,425,840Net Assets 2014: $11,817,3572014Assets 2015: $112,708,681Liabilities 2015: $100,237,392Net Assets 2015: $12,471,2892015Assets 2016: $118,951,063Liabilities 2016: $106,008,615Net Assets 2016: $12,942,4482016Assets 2017: $127,835,164Liabilities 2017: $114,556,946Net Assets 2017: $13,278,2182017Assets 2018: $132,005,777Liabilities 2018: $118,241,354Net Assets 2018: $13,764,4232018Assets 2019: $133,817,486Liabilities 2019: $118,870,232Net Assets 2019: $14,947,2542019Assets 2020: $148,595,553Liabilities 2020: $132,288,530Net Assets 2020: $16,307,0232020Assets 2021: $165,766,970Liabilities 2021: $148,864,338Net Assets 2021: $16,902,6322021Assets 2022: $165,630,553Liabilities 2022: $150,867,307Net Assets 2022: $14,763,2462022Assets 2023: $165,999,868Liabilities 2023: $150,072,848Net Assets 2023: $15,927,0202023Assets 2024: $172,389,038Liabilities 2024: $155,293,007Net Assets 2024: $17,096,0312024

Highlighted filing

2019

Assets$133,817,486
Liabilities$118,870,232
Net Assets$14,947,254
Open 2019 Filing

Operations Trend

Revenue Growth18th percentile

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

$10M$5.0M$0Expenses 2008: $4,625,5132008Expenses 2010: $4,421,0892010Expenses 2011: $3,870,7682011Revenue 2012: $4,676,504Expenses 2012: $3,983,947Net Income 2012: $692,5572012Revenue 2013: $4,599,401Expenses 2013: $4,256,073Net Income 2013: $343,3282013Revenue 2014: $4,687,749Expenses 2014: $4,247,304Net Income 2014: $440,4452014Revenue 2015: $5,004,959Expenses 2015: $4,438,740Net Income 2015: $566,2192015Revenue 2016: $5,176,775Expenses 2016: $4,580,591Net Income 2016: $596,1842016Revenue 2017: $5,403,959Expenses 2017: $4,873,299Net Income 2017: $530,6602017Revenue 2018: $5,797,182Expenses 2018: $5,098,657Net Income 2018: $698,5252018Revenue 2019: $6,012,708Expenses 2019: $5,446,841Net Income 2019: $565,8672019Revenue 2020: $6,191,438Expenses 2020: $5,191,854Net Income 2020: $999,5842020Revenue 2021: $6,437,943Expenses 2021: $5,046,928Net Income 2021: $1,391,0152021Revenue 2022: $6,305,907Expenses 2022: $5,152,583Net Income 2022: $1,153,3242022Revenue 2023: $7,167,751Expenses 2023: $6,942,756Net Income 2023: $224,9952023Revenue 2024: $8,727,525Expenses 2024: $8,536,376Net Income 2024: $191,1492024

Highlighted filing

2019

Revenue$6,012,708
Expenses$5,446,841
Net Income$565,867
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 26, 2020
Return Version
2019v5.0
Gross Receipts
$6,012,708
Mission and Program Overview

Mission

Lierty one seeks to be our members primary financial institution

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$90,196,267$98,619,504▲ $8,423,237
Investments Other Securities$40,388,052$33,567,454▼ $6,820,598
Rtn Earn Endowment Incm Other Fnds$13,764,423$14,947,254▲ $1,182,831
Receivables From Officers Etc$271,590$577,508▲ $305,918
Cash and Non-Interest-Bearing Accounts$549,075$422,195▼ $126,880
Prepaid Expenses and Deferred Charges$167,703$136,682▼ $31,021
Land, Buildings, and Equipment, Net$50,865$55,570▲ $4,705
Total Assets$132,005,777$133,817,486▲ $1,811,709
Other Assets Total$382,225$438,573▲ $56,348
Liabilities
Other Liabilities$117,299,395$117,641,942▲ $342,547
Accounts Payable and Accrued Expenses$941,959$1,228,290▲ $286,331
Total Liabilities$118,241,354$118,870,232▲ $628,878
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,764,423$14,947,254▲ $1,182,831
Total Liabilities and Net Assets / Fund Balance$132,005,777$133,817,486▲ $1,811,709

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$51,946$532,010$583,956
Leasehold Improvements$3,624$64,988$68,612
Land$0--
Other Securities$1,071,543--
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleBaseOtherTotal
Mike Funk-$169,612$78,203$247,815
Mike FunkPresident$169,612-$169,612

Board Members and Trustees

NameTitle
David WilliamsonChairman
Jacqueline DixonVice Chair
Calvin SmithDirector
Don RaweDirector
Steve HammondsDirector
Linda KunzeSecretary
Charles RamirezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,252,090
Investment Income
$760,618
Other Revenue
$0
Change in Net Assets
$565,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,914,273
Salaries, Compensation, and Employee Benefits$1,885,863
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$1,646,705--$1,646,705
Other Salaries and Wages$1,211,079$0$0$1,211,079
Other Employee Benefits$249,006$0$0$249,006
Current Officers, Directors, Trustees, and Key Employees$247,815$0$0$247,815
All Other Expenses$236,190$0$0$236,190
Fees for Services Other$177,453$0$0$177,453
Office Expenses$148,753$0$0$148,753
Information Technology$139,469$0$0$139,469
Occupancy$110,671$0$0$110,671
Payroll Taxes$103,973$0$0$103,973
Other Expenses$95,078$0$0$95,078
Advertising$90,540$0$0$90,540
Pension Plan Contributions$73,990$0$0$73,990
Travel$53,935$0$0$53,935
Fees for Services Accounting$41,932$0$0$41,932
Fees for Services Legal$41,500$0$0$41,500
Insurance$34,040$0$0$34,040
Depreciation Depletion$29,384$0$0$29,384
Total Functional Expenses$5,446,841$0$0$5,446,841
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$271,590$577,508▲ $305,918
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Membership Equity$117,641,942
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Liberty One Credit Union
EIN
75-0297300
Phone
2144135588
Address
2221 E LAMAR BLVD, ARLINGTON, TX 76006

Signing Officer

Name
Mike Funk
Title
President/CEO
Phone
2144135588
Signed
2020-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Funk
Formed
1935
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
28
Volunteers
9

Preparer

Firm
Greg R Schmidtcpa
Address
2 Baltusrol, AMARILLO, TX 79124
Preparer
Greg R Schmidt CPA
Phone
8552759297
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“The credit union's members elect the members of the governing body”

Pt VI, Line 7A

“The credit union's members elect the members of the governing body”

Pt VI, Line 7B

“The credit union's members elect the members of the governing body and can vote to have them removed as well”

Pt VI, Line 11B

“The credit union hires a cpa to prepare the form 990 and a copy of this form is provided to the board for review”

Pt VI, Line 12C

“The board is instructed to disclose any matters that would create a conflict of interest and employees sign a statement when they begin employment”

Pt VI, Line 15A

“Salary surveys are used to set compensation, and the board approves the compensation package of the ceo”

Pt VI, Line 15B

“Salary surveys are used to set compensation”

Raw XML AppendixShowing 400 of 490 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/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0328645
IRS990/OtherExpensesGrp/ProgramServicesAmt1186623
IRS990/OtherExpensesGrp/ProgramServicesAmt2200060
IRS990/OtherExpensesGrp/ProgramServicesAmt395078
IRS990/OtherExpensesGrp/TotalAmt0328645
IRS990/OtherExpensesGrp/TotalAmt1186623
IRS990/OtherExpensesGrp/TotalAmt2200060
IRS990/OtherExpensesGrp/TotalAmt395078
IRS990/OtherLiabilitiesGrp/BOYAmt0117299395
IRS990/OtherLiabilitiesGrp/EOYAmt0117641942
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01211079
IRS990/OtherSalariesAndWagesGrp/TotalAmt01211079
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt090196267
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt098619504
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0103973
IRS990/PayrollTaxesGrp/TotalAmt0103973
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt073990
IRS990/PensionPlanContributionsGrp/TotalAmt073990
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0167703
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0136682
IRS990/PrincipalOfficerNm0MIKE FUNK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEES/CHARGES & MISC
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04089669
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11162421
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt119329
IRS990/ProgSrvcAccomActy2Grp/Desc0LIBERTYONE CREDIT UNION PROVIDES 1ST MORTGAGES TO ITS MEMBERS THROUGH A THIRD PARTY SEVICE PROVIDER. HOWVER, WE TAKE .25% OFF THE QUOTED RATE IN AN EFFORT TO HELP OUR MEMBERS. AS OF DECEMBER 31, 2017 THE CREDIT UNION HAD 123 1ST MORTGAGES WITH AN OUTSTANDING BALANCE OF $14,872,633.
IRS990/ProgSrvcAccomActy3Grp/Desc0LIBERTYONE CREDIT UNION PROVIDES CERTIFICATES OF DEPOSITS TO ITS MEMBERS AT HIGHER THAN MARKET RATES. AS OF DECEMBER 31, 2017 THE CREDIT UNION HAD 1,279 CERTIFICATES OF DEPOSIT WITH A CARRYING BALANCE OF $39,165,885.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01475313
IRS990/PYInvestmentIncomeAmt0727092
IRS990/PYOtherExpensesAmt01965494
IRS990/PYProgramServiceRevenueAmt05070090
IRS990/PYRevenuesLessExpensesAmt0698525
IRS990/PYSalariesCompEmpBnftPaidAmt01657850
IRS990/PYTotalExpensesAmt05098657
IRS990/PYTotalRevenueAmt05797182
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0271590
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0577508
IRS990/ReconcilationRevenueExpnssAmt0565867
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt013764423
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014947254
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt051946
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0532010
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0583956
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03624
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt064988
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt068612
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0117641942
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERSHIP EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02857128
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt119482092
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt210156691
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31071543
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CACU FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CDs
IRS990ScheduleD/OtherSecuritiesGrp/Desc2US GOVT AGENCIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc3NCUSIF
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt055570
IRS990ScheduleD/TotalBookValueSecuritiesAmt033567454
IRS990ScheduleD/TotalLiabilityAmt0117641942
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0169612
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount027372
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026398
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt017833
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MIKE FUNK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0247815
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0290850
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt156238
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2206378
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt319178
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt44864
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0MISC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1AUTOS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2MISC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4MISC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0329732
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt168570
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2235285
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt354123
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt422000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MIKE FUNK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1STEVE HAMMONDS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2CAL SMITH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3JACKIE DIXON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4DON RAWE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRES/CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3VICE CHAIR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/TotalBalanceDueAmt0577508
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION'S MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION'S MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION'S MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY AND CAN VOTE TO HAVE THEM REMOVED AS WELL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION HIRES A CPA TO PREPARE THE FORM 990 AND A COPY OF THIS FORM IS PROVIDED TO THE BOARD FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD IS INSTRUCTED TO DISCLOSE ANY MATTERS THAT WOULD CREATE A CONFLICT OF INTEREST AND EMPLOYEES SIGN A STATEMENT WHEN THEY BEGIN EMPLOYMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARY SURVEYS ARE USED TO SET COMPENSATION, AND THE BOARD APPROVES THE COMPENSATION PACKAGE OF THE CEO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SALARY SURVEYS ARE USED TO SET COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$133,817,486
Liabilities
$118,870,232
Net assets
$14,947,254
Revenue
$6,012,708
Expenses
$5,446,841
Net income
$565,867
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$172$155$17.1$8.73$8.54$0.19
2023Detailed filing. Detailed filing data is available for this year.$166$150$15.9$7.17$6.94$0.22
2022Detailed filing. Detailed filing data is available for this year.$166$151$14.8$6.31$5.15$1.15
2021Detailed filing. Detailed filing data is available for this year.$166$149$16.9$6.44$5.05$1.39
2020Detailed filing. Detailed filing data is available for this year.$149$132$16.3$6.19$5.19$1.00
2019Detailed filing. Detailed filing data is available for this year.$134$119$14.9$6.01$5.45$0.57
2018Detailed filing. Detailed filing data is available for this year.$132$118$13.8$5.80$5.10$0.70
2017Detailed filing. Detailed filing data is available for this year.$128$115$13.3$5.40$4.87$0.53
2016Detailed filing. Detailed filing data is available for this year.$119$106$12.9$5.18$4.58$0.60
2015Detailed filing. Detailed filing data is available for this year.$113$100$12.5$5.00$4.44$0.57
2014Detailed filing. Detailed filing data is available for this year.$105$93.4$11.8$4.69$4.25$0.44
2013Detailed filing. Detailed filing data is available for this year.$103$92.0$11.3$4.60$4.26$0.34
2012Summary only. Only limited summary data is available for this year.$98.0$86.7$11.3$4.68$3.98$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.1$82.5$10.6$3.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.0$75.9$10.1$4.42
2008Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.8$59.5$9.35$4.63