Civic Intelligence

Financial Security Credit Union

EIN 85-0161080 • 501(c)14 • Carlsbad, NM

View Organization Page

Profile

SEE PART I, NUMBER 1

1105 West PierceCarlsbad, NM 88220

www.finseccu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.84x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

11.42x

Higher debt load relative to revenue than 12% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Net Margin

81st percentile

22%

Higher net margin than 81% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

34th percentile

$133,538

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

$50M-$100M nonprofits • Source year 2022

Asset Growth

21st percentile

-2.8%

Faster asset growth than 21% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

15%

Faster revenue growth than 56% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$58,141,403

Down $1,656,019 (-2.8%) from 2023

Liabilities

Down

$48,828,067

Down $3,004,710 (-5.8%) from 2023

Net Assets

Up

$9,313,336

Up $1,348,691 (+17%) from 2023

Operations
Liabilities / Revenue12th percentileNet Margin81st percentile

Revenue

Up

$4,273,885

Up $545,168 (+15%) from 2023

Expenses

Up

$3,332,159

Up $490,987 (+17%) from 2023

Net Income

Up

$941,726

Up $54,181 (+6.1%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2011: $28,603,683Liabilities 2011: $25,723,241Net Assets 2011: $2,880,4422011Assets 2012: $30,711,887Liabilities 2012: $27,371,976Net Assets 2012: $3,339,9112012Assets 2013: $34,003,673Liabilities 2013: $30,150,343Net Assets 2013: $3,853,3302013Assets 2014: $39,523,844Liabilities 2014: $35,320,243Net Assets 2014: $4,203,6012014Assets 2015: $42,112,976Liabilities 2015: $37,461,491Net Assets 2015: $4,651,4852015Assets 2016: $41,054,411Liabilities 2016: $36,212,544Net Assets 2016: $4,841,8672016Assets 2017: $43,633,208Liabilities 2017: $38,534,960Net Assets 2017: $5,098,2482017Assets 2018: $46,605,632Liabilities 2018: $41,152,411Net Assets 2018: $5,453,2212018Assets 2019: $48,266,899Liabilities 2019: $42,319,364Net Assets 2019: $5,947,5352019Assets 2020: $53,205,701Liabilities 2020: $47,021,316Net Assets 2020: $6,184,3852020Assets 2021: $55,978,482Liabilities 2021: $49,567,239Net Assets 2021: $6,411,2432021Assets 2022: $59,542,140Liabilities 2022: $52,524,428Net Assets 2022: $7,017,7122022Assets 2023: $59,797,422Liabilities 2023: $51,832,777Net Assets 2023: $7,964,6452023Assets 2024: $58,141,403Liabilities 2024: $48,828,067Net Assets 2024: $9,313,3362024

Highlighted filing

2024

Assets$58,141,403
Liabilities$48,828,067
Net Assets$9,313,336
Open 2024 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2011: $1,322,3492011Expenses 2012: $1,371,1412012Revenue 2013: $2,009,870Expenses 2013: $1,496,451Net Income 2013: $513,4192013Revenue 2014: $2,169,504Expenses 2014: $1,819,233Net Income 2014: $350,2712014Revenue 2015: $2,375,294Expenses 2015: $1,927,410Net Income 2015: $447,8842015Revenue 2016: $2,418,738Expenses 2016: $2,216,123Net Income 2016: $202,6152016Revenue 2017: $2,326,938Expenses 2017: $2,070,557Net Income 2017: $256,3812017Revenue 2018: $2,562,690Expenses 2018: $2,207,717Net Income 2018: $354,9732018Revenue 2019: $2,889,372Expenses 2019: $2,632,733Net Income 2019: $256,6392019Revenue 2020: $2,794,228Expenses 2020: $2,634,981Net Income 2020: $159,2472020Revenue 2021: $2,745,222Expenses 2021: $2,674,936Net Income 2021: $70,2862021Revenue 2022: $3,190,623Expenses 2022: $2,584,154Net Income 2022: $606,4692022Revenue 2023: $3,728,717Expenses 2023: $2,841,172Net Income 2023: $887,5452023Revenue 2024: $4,273,885Expenses 2024: $3,332,159Net Income 2024: $941,7262024

Highlighted filing

2024

Revenue$4,273,885
Expenses$3,332,159
Net Income$941,726
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$58,141,403
Liabilities
$48,828,067
Net assets
$9,313,336
Revenue
$4,273,885
Expenses
$3,332,159
Net income
$941,726
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.1$48.8$9.31$4.27$3.33$0.94
2023Summary only. Only limited summary data is available for this year.$59.8$51.8$7.96$3.73$2.84$0.89
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.5$52.5$7.02$3.19$2.58$0.61
2021Summary only. Only limited summary data is available for this year.$56.0$49.6$6.41$2.75$2.67$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.2$47.0$6.18$2.79$2.63$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.3$42.3$5.95$2.89$2.63$0.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.6$41.2$5.45$2.56$2.21$0.35
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.6$38.5$5.10$2.33$2.07$0.26
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.1$36.2$4.84$2.42$2.22$0.20
2015Detailed filing. Detailed filing data is available for this year.$42.1$37.5$4.65$2.38$1.93$0.45
2014Detailed filing. Detailed filing data is available for this year.$39.5$35.3$4.20$2.17$1.82$0.35
2013Detailed filing. Detailed filing data is available for this year.$34.0$30.2$3.85$2.01$1.50$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.7$27.4$3.34$1.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.6$25.7$2.88$1.32
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$3,190,623
Mission and Program Overview

Mission

SEE PART I, NUMBER 1

The credit union strives to offer the best possible dividends on shares, loans at reasonable rates, a product mix to meet the needs of our members, and to provide efficient and friendly service to those who are in our common bond. The credit union seeks to maintain its long-term financial stability, while protecting the assets of the members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$32,234,072$35,516,895▲ $3,282,823
Savings and Temporary Cash Investments$17,417,982$17,560,564▲ $142,582
Rtn Earn Endowment Incm Other Fnds$6,411,243$7,017,712▲ $606,469
Land, Buildings, and Equipment, Net$2,691,866$2,983,429▲ $291,563
Cash and Non-Interest-Bearing Accounts$881,283$846,471▼ $34,812
Prepaid Expenses and Deferred Charges$67,484$50,327▼ $17,157
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$55,978,482$59,542,140▲ $3,563,658
Other Assets Total$2,685,795$2,584,454▼ $101,341
Liabilities
Other Liabilities$49,418,101$52,371,637▲ $2,953,536
Accounts Payable and Accrued Expenses$149,138$152,791▲ $3,653
Total Liabilities$49,567,239$52,524,428▲ $2,957,189
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,411,243$7,017,712▲ $606,469
Total Liabilities and Net Assets / Fund Balance$55,978,482$59,542,140▲ $3,563,658

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,090,249$661,475$2,751,724
Land$797,897-$797,897
Equipment$95,283$394,024$489,307
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Judy CarrascoCEOFT$133,538$133,538
Katherine NavarretteVP OperationsFT$102,251$102,251

Board Members and Trustees

NameTitle
Jason CrockettChairperson
Misti FernandezVice Chairperson
Victor MartinezDirector
Riley NeatherlinSecretary
Kay TigertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,644,979
Investment Income
$265,859
Other Revenue
$279,785
Change in Net Assets
$606,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,534,610
Salaries, Compensation, and Employee Benefits$1,049,544
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$592,799
Fees for Services Other---$312,003
Current Officers, Directors, Trustees, and Key Employees---$235,789
All Other Expenses---$154,274
Depreciation Depletion---$108,446
Interest---$86,740
Other Employee Benefits---$81,394
Occupancy---$75,859
Pension Plan Contributions---$73,226
Office Expenses---$69,600
Payroll Taxes---$66,336
Insurance---$53,187
Advertising---$45,104
Conferences and Meetings---$27,616
Other Expenses---$25,829
Total Functional Expenses$0$0$0$2,584,154
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
MEMBERS' SHARES & SAVINGS ACCOUNTS$51,617,230
Regular Reserves$406,968
Deferred Compensation Payable$347,439
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has members who purchase ownership interests by opening primary share deposit accounts with the credit union.”

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

“The member-owners vote to elect or replace members of the board of directors.”

Form 990, Part VI, Section A, Line 8B

“The governing body does not delegate authority to any committees to act on the board's behalf.”

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

“The president/ceo provides a copy of the form 990 to the board at a monthly meeting.”

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

“Board members and key employes must sign conflict of interest statements annually. Compliance with the policy is consistently monitored and enforced by the respective parties.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews the ceo's performance annually and determines the salary for the next fiscal period accordingly. The ceo reviews the performance of key employees and uses market-based salary comparisons to determine pay increases for these individuals.”

Form 990, Part VI, Section C, Line 19

“The credit union makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Financial Security Credit Union
EIN
85-0161080
Phone
5758876030
Address
1105 WEST PIERCE, CARLSBAD, NM 88220

Signing Officer

Name
Judy Carrasco
Title
CEO
Phone
5758876030
Signed
2023-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy Carrasco
Formed
1954
Legal Domicile
Nm
Voting Board Members
5
Independent Board Members
5
Employees
21
Volunteers
10

Preparer

Firm
Parks & Company Plc
Address
441 N WASHINGTON, EL DORADO, AR 71730
Preparer
G Pete Parks
Phone
8708623401
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Credit union assoc 235,464. Retirement admin fee 3,202. Regulatory supervision fees 29,251. Consulting fees 44,086.”

Raw XML Appendix369 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0149138
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0152791
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CREDIT UNION STRIVES TO OFFER THE BEST POSSIBLE DIVIDENDS ON SHARES, LOANS AT REASONABLE RATES, A PRODUCT MIX TO MEET THE NEEDS OF OUR MEMBERS, AND TO PROVIDE EFFICIENT AND FRIENDLY SERVICE TO THOSE WHO ARE IN OUR COMMON BOND. THE CREDIT UNION SEEKS TO MAINTAIN ITS LONG-TERM FINANCIAL STABILITY, WHILE PROTECTING THE ASSETS OF THE MEMBERS.
IRS990/AdvertisingGrp/TotalAmt045104
IRS990/AllOtherExpensesGrp/TotalAmt0154274
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum05758876030
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01105 WEST PIERCE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CARLSBAD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NM
IRS990/BooksInCareOfDetail/USAddress/ZIPCd088220
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0881283
IRS990/CashNonInterestBearingGrp/EOYAmt0846471
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0235789
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt027616
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0265859
IRS990/CYOtherExpensesAmt01534610
IRS990/CYOtherRevenueAmt0279785
IRS990/CYProgramServiceRevenueAmt02644979
IRS990/CYRevenuesLessExpensesAmt0606469
IRS990/CYSalariesCompEmpBnftPaidAmt01049544
IRS990/CYTotalExpensesAmt02584154
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03190623
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0108446
IRS990/Desc0THE CREDIT UNION PROVIDED MEMBERS A VARIETY OF BANKING SERVICES INCLUDING LOANS AT RATES BELOW THOSE OFFERED BY TRADITIONAL FINANCIAL INSTITUTIONS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt021
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/TotalAmt0312003
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0JASON CROCKETT
IRS990/Form990PartVIISectionAGrp/PersonNm1MISTI FERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm2KAY TIGERT
IRS990/Form990PartVIISectionAGrp/PersonNm3RILEY NEATHERLIN
IRS990/Form990PartVIISectionAGrp/PersonNm4VICTOR MARTINEZ
IRS990/Form990PartVIISectionAGrp/PersonNm5JUDY CARRASCO
IRS990/Form990PartVIISectionAGrp/PersonNm6KATHERINE NAVARRETTE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5133538
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP OPERATIONS
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IRS990/FSAuditedInd00
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt03190623
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IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InterestGrp/TotalAmt086740
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0264234
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0598
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt02691866
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02983429
IRS990/LandBldgEquipCostOrOtherBssAmt04038928
IRS990/LegalDomicileStateCd0NM
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE PART I, NUMBER 1
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt07017712
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01625
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01625
IRS990/NetUnrelatedBusTxblIncmAmt03211
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt075859
IRS990/OfficeExpensesGrp/TotalAmt069600
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02685795
IRS990/OtherAssetsTotalGrp/EOYAmt02584454
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt081394
IRS990/OtherExpensesGrp/Desc0DEBIT & CREDIT CARD SER
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2SHARE DRAFT EXPENSES
IRS990/OtherExpensesGrp/Desc3POSTAGE
IRS990/OtherExpensesGrp/TotalAmt0415343
IRS990/OtherExpensesGrp/TotalAmt1115000
IRS990/OtherExpensesGrp/TotalAmt245609
IRS990/OtherExpensesGrp/TotalAmt325829
IRS990/OtherLiabilitiesGrp/BOYAmt049418101
IRS990/OtherLiabilitiesGrp/EOYAmt052371637
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING
IRS990/OtherRevenueMiscGrp/Desc1ATM FEES NONMEMBERS
IRS990/OtherRevenueMiscGrp/Desc2INSURANCE COMMISSIONS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0257629
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0257629
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt111111
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt211045
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt011111
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt111045
IRS990/OtherRevenueTotalAmt0279785
IRS990/OtherSalariesAndWagesGrp/TotalAmt0592799
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt032234072
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt035516895
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt066336
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt073226
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt067484
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050327
IRS990/PrincipalOfficerNm0JUDY CARRASCO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01683309
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1961670
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01683309
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1961670
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION RETURNED EARNINGS OF APPROXIMATELY $87,000 IN THE FORM OF INTEREST/DIVIDENDS TO ITS MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CREDIT UNION INCREASED THE MEMBERS' EQUITY POSITION BY APPROXIMATELY $606,000.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt047242
IRS990/PYOtherExpensesAmt01470953
IRS990/PYOtherRevenueAmt0170120
IRS990/PYProgramServiceRevenueAmt02527860
IRS990/PYRevenuesLessExpensesAmt070286
IRS990/PYSalariesCompEmpBnftPaidAmt01203983
IRS990/PYTotalExpensesAmt02674936
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02745222
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0606469
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06411243
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07017712
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017417982
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017560564
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02090249
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0661475
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02751724
IRS990ScheduleD/EquipmentGrp/BookValueAmt095283
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0394024
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0489307
IRS990ScheduleD/LandGrp/BookValueAmt0797897
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0797897
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt051617230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1406968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2347439
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES & SAVINGS ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR RESERVES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED COMPENSATION PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02983429
IRS990ScheduleD/TotalLiabilityAmt052371637
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS WHO PURCHASE OWNERSHIP INTERESTS BY OPENING PRIMARY SHARE DEPOSIT ACCOUNTS WITH THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBER-OWNERS VOTE TO ELECT OR REPLACE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY DOES NOT DELEGATE AUTHORITY TO ANY COMMITTEES TO ACT ON THE BOARD'S BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT/CEO PROVIDES A COPY OF THE FORM 990 TO THE BOARD AT A MONTHLY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS AND KEY EMPLOYES MUST SIGN CONFLICT OF INTEREST STATEMENTS ANNUALLY. COMPLIANCE WITH THE POLICY IS CONSISTENTLY MONITORED AND ENFORCED BY THE RESPECTIVE PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS THE CEO'S PERFORMANCE ANNUALLY AND DETERMINES THE SALARY FOR THE NEXT FISCAL PERIOD ACCORDINGLY. THE CEO REVIEWS THE PERFORMANCE OF KEY EMPLOYEES AND USES MARKET-BASED SALARY COMPARISONS TO DETERMINE PAY INCREASES FOR THESE INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CREDIT UNION ASSOC 235,464. RETIREMENT ADMIN FEE 3,202. REGULATORY SUPERVISION FEES 29,251. CONSULTING FEES 44,086.
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 A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt055978482
IRS990/TotalAssetsEOYAmt059542140
IRS990/TotalAssetsGrp/BOYAmt055978482
IRS990/TotalAssetsGrp/EOYAmt059542140
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/TotalAmt02584154
IRS990/TotalGrossUBIAmt022156
IRS990/TotalLiabilitiesBOYAmt049567239
IRS990/TotalLiabilitiesEOYAmt052524428
IRS990/TotalLiabilitiesGrp/BOYAmt049567239
IRS990/TotalLiabilitiesGrp/EOYAmt052524428
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06411243
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07017712
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02644979
IRS990/TotalReportableCompFromOrgAmt0235789
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03168467
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03190623
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt022156
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt055978482
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt059542140
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01105 WEST PIERCE
IRS990/USAddress/CityNm0CARLSBAD
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd088220
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FINSECCU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUDY CARRASCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05758876030
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FINANCIAL SECURITY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FINA
ReturnHeader/Filer/EIN0850161080
ReturnHeader/Filer/PhoneNum05758876030
ReturnHeader/Filer/USAddress/AddressLine1Txt01105 WEST PIERCE
ReturnHeader/Filer/USAddress/CityNm0CARLSBAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd088220
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202126731
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PARKS & COMPANY PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0441 N WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EL DORADO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071730
ReturnHeader/PreparerPersonGrp/PhoneNum08708623401
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0G PETE PARKS
ReturnHeader/ReturnTs02023-11-08T08:13:23-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUDY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CARRASCO
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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