Civic Intelligence

Credit Unions in the State of New Mexico

990 • Fiscal year 2018 • EIN 85-0161080

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 09, 2019

Organization ProfileWWW.FINSECCU.COM

View Organization Page

1105 West PierceCarlsbad, NM 88220

(575) 887-6030

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.88x

Higher debt load relative to assets than 63% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

31st percentile

16.06x

Higher debt load relative to revenue than 31% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Net Margin

57th percentile

14%

Higher net margin than 57% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

66th percentile

$117,847

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Asset Growth

90th percentile

6.8%

Faster asset growth than 90% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

10%

Faster revenue growth than 55% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$46,605,632

Up $2,972,424 (+6.8%) from 2017

Net Assets

Up

$5,453,221

Up $354,973 (+7.0%) from 2017

Liabilities

Up

$41,152,411

Up $2,617,451 (+6.8%) from 2017

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin57th percentile

Revenue

Up

$2,562,690

Up $235,752 (+10%) from 2017

Expenses

Up

$2,207,717

Up $137,160 (+6.6%) from 2017

Net Income

Up

$354,973

Up $98,592 (+38%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$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

2018

Assets$46,605,632
Liabilities$41,152,411
Net Assets$5,453,221
Open 2018 Filing

Operations Trend

Revenue Growth55th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$2,562,690
Expenses$2,207,717
Net Income$354,973
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 9, 2019
Return Version
2018v3.1
Gross Receipts
$2,578,944
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$26,071,746$29,062,750▲ $2,991,004
Savings and Temporary Cash Investments$11,777,983$11,650,383▼ $127,600
Rtn Earn Endowment Incm Other Fnds$5,098,248$5,453,221▲ $354,973
Land, Buildings, and Equipment, Net$2,826,669$2,794,350▼ $32,319
Cash and Non-Interest-Bearing Accounts$847,566$966,470▲ $118,904
Prepaid Expenses and Deferred Charges$41,618$35,870▼ $5,748
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$43,633,208$46,605,632▲ $2,972,424
Other Assets Total$2,067,626$2,095,809▲ $28,183
Liabilities
Other Liabilities$38,342,845$40,974,271▲ $2,631,426
Accounts Payable and Accrued Expenses$192,115$178,140▼ $13,975
Total Liabilities$38,534,960$41,152,411▲ $2,617,451
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,098,248$5,453,221▲ $354,973
Total Liabilities and Net Assets / Fund Balance$43,633,208$46,605,632▲ $2,972,424

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,139,829$432,402$2,572,231
Equipment$97,687$568,154$665,841
Land$529,668-$529,668
Leasehold Improvements$27,166$12,032$39,198
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Judy CarrascoCEOFT$117,847$117,847
Katherine NavarretteVP OperationsFT$93,299$93,299
Roseanne PorrasVP LendingFT$49,959$49,959

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,260,721
Investment Income
$201,330
Other Revenue
$100,639
Change in Net Assets
$354,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,184,672
Salaries, Compensation, and Employee Benefits$1,023,045
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$515,204
Current Officers, Directors, Trustees, and Key Employees---$261,105
Office Expenses---$166,468
Interest---$117,981
Other Employee Benefits---$111,016
Information Technology---$103,914
Depreciation Depletion---$102,204
Pension Plan Contributions---$74,191
Occupancy---$69,118
Advertising---$65,557
Payroll Taxes---$61,529
All Other Expenses---$48,164
Insurance---$43,535
Other Expenses---$22,195
Travel---$21,107
Fees for Services Other---$19,906
Conferences and Meetings---$17,225
Fees for Services Legal---$12,731
Fees for Services Accounting---$11,966
Fees for Services Management---$4,714
Total Functional Expenses$0$0$0$2,207,717
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$40,567,303
Regular Reserves$406,968
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 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
President/CEO
Phone
5758876030
Signed
2019-10-09
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
23
Volunteers
0

Preparer

Firm
Parks & Company Plc
Address
441 N WASHINGTON, EL DORADO, AR 71730
Preparer
G Pete Parks
Phone
8708623401
Raw XML Appendix364 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/BOYAmt0192115
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0178140
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/TotalAmt065557
IRS990/AllOtherExpensesGrp/TotalAmt048164
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/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0847566
IRS990/CashNonInterestBearingGrp/EOYAmt0966470
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0261105
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt017225
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0201330
IRS990/CYOtherExpensesAmt01184672
IRS990/CYOtherRevenueAmt0100639
IRS990/CYProgramServiceRevenueAmt02260721
IRS990/CYRevenuesLessExpensesAmt0354973
IRS990/CYSalariesCompEmpBnftPaidAmt01023045
IRS990/CYTotalExpensesAmt02207717
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02562690
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0102204
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/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt023
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt011966
IRS990/FeesForServicesLegalGrp/TotalAmt012731
IRS990/FeesForServicesManagementGrp/TotalAmt04714
IRS990/FeesForServicesOtherGrp/TotalAmt019906
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
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/PersonNm4JUDY CARRASCO
IRS990/Form990PartVIISectionAGrp/PersonNm5KATHERINE NAVARRETTE
IRS990/Form990PartVIISectionAGrp/PersonNm6ROSEANNE PORRAS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4117847
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt593299
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt649959
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/TitleTxt4CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP LENDING
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01954
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-2254
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt014000
IRS990/GrossReceiptsAmt02578944
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0103914
IRS990/InsuranceGrp/TotalAmt043535
IRS990/InterestGrp/TotalAmt0117981
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0203584
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0203584
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0559
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01012588
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02826669
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02794350
IRS990/LandBldgEquipCostOrOtherBssAmt03806938
IRS990/LegalDomicileStateCd0NM
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt016254
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE PART I, NUMBER 1
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05098248
IRS990/NetAssetsOrFundBalancesEOYAmt05453221
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-2254
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2254
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt069118
IRS990/OfficeExpensesGrp/TotalAmt0166468
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02067626
IRS990/OtherAssetsTotalGrp/EOYAmt02095809
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0111016
IRS990/OtherExpensesGrp/Desc0DEBIT & CREDIT CARD SER
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2SHARE DRAFT SERVICES
IRS990/OtherExpensesGrp/Desc3REGULATORS SUPERVISORY
IRS990/OtherExpensesGrp/TotalAmt0230255
IRS990/OtherExpensesGrp/TotalAmt195000
IRS990/OtherExpensesGrp/TotalAmt232632
IRS990/OtherExpensesGrp/TotalAmt322195
IRS990/OtherLiabilitiesGrp/BOYAmt038342845
IRS990/OtherLiabilitiesGrp/EOYAmt040974271
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0100639
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0100639
IRS990/OtherRevenueTotalAmt0100639
IRS990/OtherSalariesAndWagesGrp/TotalAmt0515204
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt026071746
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt029062750
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt061529
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt074191
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041618
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035870
IRS990/PrincipalOfficerNm0JUDY CARRASCO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01589780
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1670941
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01589780
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1670941
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION RETURNED EARNINGS OF APPROXIMATELY $118,000 IN THE FORM OF DIVIDENDS TO ITS MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CREDIT UNION INCREASED THE MEMBERS' EQUITY POSITION BY APPROXIMATELY $355,000.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt082050
IRS990/PYOtherExpensesAmt01155316
IRS990/PYOtherRevenueAmt0114502
IRS990/PYProgramServiceRevenueAmt02130386
IRS990/PYRevenuesLessExpensesAmt0256381
IRS990/PYSalariesCompEmpBnftPaidAmt0915241
IRS990/PYTotalExpensesAmt02070557
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02326938
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0354973
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05098248
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05453221
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011777983
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011650383
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02139829
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0432402
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02572231
IRS990ScheduleD/EquipmentGrp/BookValueAmt097687
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0568154
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0665841
IRS990ScheduleD/LandGrp/BookValueAmt0529668
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0529668
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt027166
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012032
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt039198
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040567303
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1406968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES & SAVINGS ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR RESERVES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02794350
IRS990ScheduleD/TotalLiabilityAmt040974271
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/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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt043633208
IRS990/TotalAssetsEOYAmt046605632
IRS990/TotalAssetsGrp/BOYAmt043633208
IRS990/TotalAssetsGrp/EOYAmt046605632
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/TotalAmt02207717
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt038534960
IRS990/TotalLiabilitiesEOYAmt041152411
IRS990/TotalLiabilitiesGrp/BOYAmt038534960
IRS990/TotalLiabilitiesGrp/EOYAmt041152411
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05098248
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05453221
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02260721
IRS990/TotalReportableCompFromOrgAmt0261105
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02562690
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02562690
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt043633208
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt046605632
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt021107
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUDY CARRASCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05758876030
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-09
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0BDC21129AF2491EA2712A49D82EEC45B069B962D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AC695414427228D889BD6F24F7BFF0FFAB6D9A77
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.76.118.40
ReturnHeader/FilingSecurityInformation/IPDt02019-10-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:23:25
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/PreparationDt02019-10-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0G PETE PARKS
ReturnHeader/ReturnTs02019-10-21T13:13:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$46,605,632
Liabilities
$41,152,411
Net assets
$5,453,221
Revenue
$2,562,690
Expenses
$2,207,717
Net income
$354,973
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
2018Detailed filing. Detailed filing data is available for this year.$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