Civic Intelligence

Minnequa Works Credit Union

990 • Fiscal year 2019 • EIN 84-0398950

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 28, 2020

Organization Profileminnequaworks.com

View Organization Page

1549 E Abriendo AvePueblo, CO 81004-3498

(719) 544-6928

Siviq Scores

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

Liabilities / Assets

35th percentile

0.87x

Higher debt load relative to assets than 35% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

20.87x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

84th percentile

21%

Higher net margin than 84% of similar nonprofits.

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

Top Officer Pay

12th percentile

$138,216

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

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

Asset Growth

55th percentile

4.7%

Faster asset growth than 55% of similar nonprofits.

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

Revenue Growth

47th percentile

7.8%

Faster revenue growth than 47% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$190,734,024

Up $8,494,258 (+4.7%) from 2018

Net Assets

Up

$24,254,445

Up $2,104,994 (+9.5%) from 2018

Liabilities

Up

$166,479,579

Up $6,389,264 (+4.0%) from 2018

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin84th percentile

Revenue

Up

$7,975,777

Up $576,337 (+7.8%) from 2018

Expenses

Up

$6,274,658

Up $626,971 (+11%) from 2018

Net Income

Down

$1,701,119

Down $50,634 (-2.9%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$300M$200M$100M$0Assets 2010: $155,499,338Liabilities 2010: $141,233,610Net Assets 2010: $14,265,7282010Assets 2011: $159,283,174Liabilities 2011: $144,178,752Net Assets 2011: $15,104,4222011Assets 2012: $164,246,648Liabilities 2012: $148,364,753Net Assets 2012: $15,881,8952012Assets 2013: $163,660,277Liabilities 2013: $147,091,121Net Assets 2013: $16,569,1562013Assets 2014: $166,529,601Liabilities 2014: $148,484,653Net Assets 2014: $18,044,9482014Assets 2015: $172,250,801Liabilities 2015: $153,139,336Net Assets 2015: $19,111,4652015Assets 2016: $177,405,064Liabilities 2016: $157,479,571Net Assets 2016: $19,925,4932016Assets 2017: $178,654,430Liabilities 2017: $157,606,952Net Assets 2017: $21,047,4782017Assets 2018: $182,239,766Liabilities 2018: $160,090,315Net Assets 2018: $22,149,4512018Assets 2019: $190,734,024Liabilities 2019: $166,479,579Net Assets 2019: $24,254,4452019Assets 2020: $221,715,624Liabilities 2020: $195,763,338Net Assets 2020: $25,952,2862020Assets 2021: $238,940,287Liabilities 2021: $212,945,955Net Assets 2021: $25,994,3322021Assets 2022: $233,607,050Liabilities 2022: $214,534,707Net Assets 2022: $19,072,3432022Assets 2023: $248,270,789Liabilities 2023: $226,546,923Net Assets 2023: $21,723,8662023Assets 2024: $246,429,826Liabilities 2024: $222,494,151Net Assets 2024: $23,935,6752024

Highlighted filing

2019

Assets$190,734,024
Liabilities$166,479,579
Net Assets$24,254,445
Open 2019 Filing

Operations Trend

Revenue Growth47th percentile

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

$15M$10M$5.0M$0Expenses 2010: $8,502,7172010Expenses 2011: $7,530,9432011Revenue 2012: $7,463,482Expenses 2012: $6,496,990Net Income 2012: $966,4922012Revenue 2013: $6,888,171Expenses 2013: $5,952,487Net Income 2013: $935,6842013Revenue 2014: $6,502,260Expenses 2014: $5,376,983Net Income 2014: $1,125,2772014Revenue 2015: $6,305,218Expenses 2015: $4,869,162Net Income 2015: $1,436,0562015Revenue 2016: $6,460,377Expenses 2016: $5,029,638Net Income 2016: $1,430,7392016Revenue 2017: $6,859,641Expenses 2017: $5,653,862Net Income 2017: $1,205,7792017Revenue 2018: $7,399,440Expenses 2018: $5,647,687Net Income 2018: $1,751,7532018Revenue 2019: $7,975,777Expenses 2019: $6,274,658Net Income 2019: $1,701,1192019Revenue 2020: $7,770,432Expenses 2020: $6,238,526Net Income 2020: $1,531,9062020Revenue 2021: $7,220,159Expenses 2021: $5,734,855Net Income 2021: $1,485,3042021Revenue 2022: $7,236,388Expenses 2022: $5,876,098Net Income 2022: $1,360,2902022Revenue 2023: $9,391,147Expenses 2023: $8,040,641Net Income 2023: $1,350,5062023Revenue 2024: $11,733,660Expenses 2024: $10,150,543Net Income 2024: $1,583,1172024

Highlighted filing

2019

Revenue$7,975,777
Expenses$6,274,658
Net Income$1,701,119
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 28, 2020
Return Version
2019v5.0
Gross Receipts
$7,975,777
Mission and Program Overview

Mission

Provide financial services to its members in the form of competitive loan rates, savings rates, mortgage lending, checking accounts, and debit and credit cards.

Credit Union Programs: The Credit Union is owned by approximately 14,373 members. The Credit Union provides financial services to its members, such as consumer lending, mortgage lending, checking and savings deposit and certificate accounts, ATM, debit and credit cards, and other financial services. The Credit Union paid $1,119,171 in interest and dividends to its owners/members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$67,164,184$73,579,945▲ $6,415,761
Investments Other Securities$59,619,000$69,150,000▲ $9,531,000
Investments in Publicly Traded Securities$30,965,569$24,972,916▼ $5,992,653
Rtn Earn Endowment Incm Other Fnds$22,149,451$24,254,445▲ $2,104,994
Savings and Temporary Cash Investments$6,194,623$4,516,568▼ $1,678,055
Land, Buildings, and Equipment, Net$2,844,390$2,599,148▼ $245,242
Cash and Non-Interest-Bearing Accounts$1,541,884$1,848,362▲ $306,478
Receivable From Disqualified Prsn$1,461,164$1,485,100▲ $23,936
Accounts Receivable$505,418$799,906▲ $294,488
Prepaid Expenses and Deferred Charges$142,769$146,975▲ $4,206
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$182,239,766$190,734,024▲ $8,494,258
Other Assets Total$11,800,765$11,635,104▼ $165,661
Liabilities
Other Liabilities$158,880,173$165,077,110▲ $6,196,937
Accounts Payable and Accrued Expenses$1,210,142$1,402,469▲ $192,327
Total Liabilities$160,090,315$166,479,579▲ $6,389,264
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,149,451$24,254,445▲ $2,104,994
Total Liabilities and Net Assets / Fund Balance$182,239,766$190,734,024▲ $8,494,258

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,040,327$2,822,797$0
Other Land Buildings$0$0$0
Land$1,422,104-$0
Equipment$136,717$1,161,253$0
Leasehold Improvements$0$0$0
Other Assets Org$38,068--
Other Securities$69,150,000--
Closely Held Equity Interests$0--
Financial Derivatives$0--
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jim BarberCEOFT$138,216$138,216

Board Members and Trustees

NameTitle
Greg SmithChairman of the Board
Dave AndersonVice Chairman
Ellen MahoneyDirector
Janet BoydDirector
John ShriverDirector
Jon KinnischtzkeDirector
Marilyn RhodesDirector
Gloria BowserSec./Treas.
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,606,375
Investment Income
$2,369,402
Other Revenue
$0
Change in Net Assets
$1,701,119

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,975,777
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$7,975,777
Total Revenue per Form 990
$7,975,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,781,289
Salaries, Compensation, and Employee Benefits$2,493,369
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,838,376
Information Technology---$586,029
Office Expenses---$425,164
Occupancy---$243,907
Depreciation Depletion---$233,751
Fees for Services Accounting---$227,757
Other Expenses---$205,000
Pension Plan Contributions---$197,269
Other Employee Benefits---$170,318
Payroll Taxes---$149,190
Current Officers, Directors, Trustees, and Key Employees---$138,216
Advertising---$129,745
Insurance---$73,569
Conferences and Meetings---$43,093
Fees for Services Legal---$10,360
Travel---$9,772
Total Functional Expenses$0$0$0$6,274,658

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,274,658
Total Expenses per Audited Statements$6,274,658
Total Expenses per Form 990$6,274,658
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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 Disqualified Persons$1,461,164$1,485,100▲ $23,936
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share accounts$121,925,399
Member Share Certificates$43,151,711
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization is a Credit Union that provides financial services to approximately 14,373 members.”

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

“The organization is a Credit Union where the Members each have one vote in electing the governing body (Board of Directors)”

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

“This form 990 is prepared by the Chief Financial Officer and reviewed by the Chief Executive Officer.”

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

“The Board of Directors, all Officers, and all Staff have to review and sign a statement annually stating they have no conflicts of interest and will disclose if one occurs.”

Form 990, Part VI, Section B, Line 15

“The governing body has established a wage and salary committee that annually reviews and analyzes wages and salaries. Also, the Credit Union uses a salary survey compiled by CUNA for review and comparison of like positions.”

Form 990, Part VI, Section C, Line 19

“The Credit Union provides form 990 upon request and provides a website link upon request where form 990 can be reviewed. The request must be made in writing at any of the branch locations.”

Form 990, Part VII, Section B, Line 1(A)

“None”

Filing and Contact Details

Filer

Filer Name
Minnequa Works Credit Union
EIN
84-0398950
Phone
7195446928
Address
1549 E Abriendo Ave, Pueblo, CO 81004-3498
Doing Business As
Minnequa Works Credit Union

Signing Officer

Name
Kim Giordano
Title
CFO
Phone
7195446928
Signed
2020-02-28

Organization Details

Principal Officer
Kim Giordano
Formed
1936
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
44
Volunteers
8
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“This amount is the net change in other accrued comprehensive income as a result of the changes in the pension plan.”

Raw XML AppendixShowing 400 of 479 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/ActivityOrMissionDesc0Credit Union Programs: The Credit Union is owned by approximately 14,373 members. The Credit Union provides financial services to its members, such as consumer lending, mortgage lending, checking and savings deposit and certificate accounts, ATM, debit and credit cards, and other financial services. The Credit Union paid $1,119,171 in interest and dividends to its owners/members.
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IRS990/NetUnrelatedBusTxblIncmAmt024392
IRS990/NetUnrlzdGainsLossesInvstAmt0909448
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0243907
IRS990/OfficeExpensesGrp/TotalAmt0425164
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011800765
IRS990/OtherAssetsTotalGrp/EOYAmt011635104
IRS990/OtherChangesInNetAssetsAmt0-505573
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0170318
IRS990/OtherExpensesGrp/Desc0Plastic Card Expense
IRS990/OtherExpensesGrp/Desc1Dividends & Interest on Member Accts
IRS990/OtherExpensesGrp/Desc2Other Professional Svcs
IRS990/OtherExpensesGrp/Desc3Provision for Loan Loss
IRS990/OtherExpensesGrp/TotalAmt0224223
IRS990/OtherExpensesGrp/TotalAmt11119171
IRS990/OtherExpensesGrp/TotalAmt2249748
IRS990/OtherExpensesGrp/TotalAmt3205000
IRS990/OtherLiabilitiesGrp/BOYAmt0158880173
IRS990/OtherLiabilitiesGrp/EOYAmt0165077110
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt01838376
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt067164184
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt073579945
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0149190
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0197269
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0142769
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0146975
IRS990/PrincipalOfficerNm0Kim Giordano
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest Member Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fees Member Services
IRS990/ProgramServiceRevenueGrp/Desc2Gain (Loss) Repo Vehicles
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03627865
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11838199
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2115919
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03627865
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11862591
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2115919
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt124392
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0Provided to the credit union members credit cards and debit cards for their financial services benefits
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0231691
IRS990/ProgSrvcAccomActy3Grp/Desc0Provided to the credit union members share draft accounts for their financial convenience and service
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt024421
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01918639
IRS990/PYOtherExpensesAmt03333407
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05480801
IRS990/PYRevenuesLessExpensesAmt01751753
IRS990/PYSalariesCompEmpBnftPaidAmt02314280
IRS990/PYTotalExpensesAmt05647687
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07399440
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt01461164
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt01485100
IRS990/ReconcilationRevenueExpnssAmt01701119
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03086824
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt022149451
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt024254445
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06194623
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04516568
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01040327
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02822797
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt03863124
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0136717
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01161253
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01297970
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06274658
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt01422104
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01422104
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0186100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11242833
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2352180
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31583902
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt41079638
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt55350204
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt61802179
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt738068
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FHLB Investment
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CUSO Investment
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Interest Receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3NCUA Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Corp Capital
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5CUOLI
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6Net Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7Repos in Process
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0121925399
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt143151711
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Share accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Share Certificates
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt069150000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Certificates of Deposit
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07975777
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02599148
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011635104
IRS990ScheduleD/TotalBookValueSecuritiesAmt069150000
IRS990ScheduleD/TotalExpensesPerForm990Amt06274658
IRS990ScheduleD/TotalLiabilityAmt0165077110
IRS990ScheduleD/TotalRevenuePerForm990Amt07975777
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07975777
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06274658
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01485100
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Retention
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01400000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Jim Barber
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0The amount is a split dollar agreement for the purpose of retaining Jim Barber as CEO.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part II
IRS990ScheduleL/TotalBalanceDueAmt01485100
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization is a Credit Union that provides financial services to approximately 14,373 members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization is a Credit Union where the Members each have one vote in electing the governing body (Board of Directors)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2This form 990 is prepared by the Chief Financial Officer and reviewed by the Chief Executive Officer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors, all Officers, and all Staff have to review and sign a statement annually stating they have no conflicts of interest and will disclose if one occurs.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing body has established a wage and salary committee that annually reviews and analyzes wages and salaries. Also, the Credit Union uses a salary survey compiled by CUNA for review and comparison of like positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Credit Union provides form 990 upon request and provides a website link upon request where form 990 can be reviewed. The request must be made in writing at any of the branch locations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6None
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7This amount is the net change in other accrued comprehensive income as a result of the changes in the pension plan.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$190,734,024
Liabilities
$166,479,579
Net assets
$24,254,445
Revenue
$7,975,777
Expenses
$6,274,658
Net income
$1,701,119
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$246$222$23.9$11.7$10.2$1.58
2023Detailed filing. Detailed filing data is available for this year.$248$227$21.7$9.39$8.04$1.35
2022Detailed filing. Detailed filing data is available for this year.$234$215$19.1$7.24$5.88$1.36
2021Detailed filing. Detailed filing data is available for this year.$239$213$26.0$7.22$5.73$1.49
2020Detailed filing. Detailed filing data is available for this year.$222$196$26.0$7.77$6.24$1.53
2019Detailed filing. Detailed filing data is available for this year.$191$166$24.3$7.98$6.27$1.70
2018Detailed filing. Detailed filing data is available for this year.$182$160$22.1$7.40$5.65$1.75
2017Detailed filing. Detailed filing data is available for this year.$179$158$21.0$6.86$5.65$1.21
2016Detailed filing. Detailed filing data is available for this year.$177$157$19.9$6.46$5.03$1.43
2015Detailed filing. Detailed filing data is available for this year.$172$153$19.1$6.31$4.87$1.44
2014Summary only. Only limited summary data is available for this year.$167$148$18.0$6.50$5.38$1.13
2013Detailed filing. Detailed filing data is available for this year.$164$147$16.6$6.89$5.95$0.94
2012Summary only. Only limited summary data is available for this year.$164$148$15.9$7.46$6.50$0.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$159$144$15.1$7.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$155$141$14.3$8.50