Civic Intelligence

Truwest Credit Union

990 • Fiscal year 2014 • EIN 86-6050959

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 22, 2015

Organization ProfileWWW.TRUWEST.ORG

View Organization Page

1667 N Priest DriveTempe, AZ 85281

(602) 629-2012

Siviq Scores

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

Liabilities / Assets

48th percentile

0.89x

Higher debt load relative to assets than 48% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

43rd percentile

17.42x

Higher debt load relative to revenue than 43% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Net Margin

35th percentile

12%

Higher net margin than 35% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

82nd percentile

$563,040

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Asset Growth

77th percentile

8.2%

Faster asset growth than 77% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

57th percentile

3.0%

Faster revenue growth than 57% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$893,629,857

Up $67,369,019 (+8.2%) from 2013

Net Assets

Up

$95,693,732

Up $4,223,789 (+4.6%) from 2013

Liabilities

Up

$797,936,125

Up $63,145,230 (+8.6%) from 2013

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin35th percentile

Revenue

Up

$45,816,665

Up $1,338,588 (+3.0%) from 2013

Expenses

Up

$40,444,724

Up $3,892,534 (+11%) from 2013

Net Income

Down

$5,371,941

Down $2,553,946 (-32%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$2.0B$1.5B$1.0B$500M$0Assets 2010: $741,978,379Liabilities 2010: $672,201,362Net Assets 2010: $69,777,0172010Assets 2011: $768,817,535Liabilities 2011: $689,015,595Net Assets 2011: $79,801,9402011Assets 2012: $791,363,473Liabilities 2012: $703,658,454Net Assets 2012: $87,705,0192012Assets 2013: $826,260,838Liabilities 2013: $734,790,895Net Assets 2013: $91,469,9432013Assets 2014: $893,629,857Liabilities 2014: $797,936,125Net Assets 2014: $95,693,7322014Assets 2015: $927,024,609Liabilities 2015: $828,657,401Net Assets 2015: $98,367,2082015Assets 2016: $967,262,442Liabilities 2016: $866,268,567Net Assets 2016: $100,993,8752016Assets 2017: $1,030,167,948Liabilities 2017: $923,462,437Net Assets 2017: $106,705,5112017Assets 2018: $1,152,658,837Liabilities 2018: $1,038,562,326Net Assets 2018: $114,096,5112018Assets 2019: $1,213,835,938Liabilities 2019: $1,089,253,245Net Assets 2019: $124,582,6932019Assets 2020: $1,368,227,248Liabilities 2020: $1,231,668,014Net Assets 2020: $136,559,2342020Assets 2021: $1,519,187,668Liabilities 2021: $1,375,908,211Net Assets 2021: $143,279,4572021Assets 2022: $1,514,781,756Liabilities 2022: $1,400,355,296Net Assets 2022: $114,426,4602022Assets 2023: $1,810,234,989Liabilities 2023: $1,686,028,127Net Assets 2023: $124,206,8622023Assets 2024: $1,607,001,608Liabilities 2024: $1,475,058,601Net Assets 2024: $131,943,0072024

Highlighted filing

2014

Assets$893,629,857
Liabilities$797,936,125
Net Assets$95,693,732
Open 2014 Filing

Operations Trend

Revenue Growth57th percentile

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

$150M$100M$50M$0Expenses 2010: $43,428,2352010Expenses 2011: $36,491,9752011Expenses 2012: $32,616,6312012Revenue 2013: $44,478,077Expenses 2013: $36,552,190Net Income 2013: $7,925,8872013Revenue 2014: $45,816,665Expenses 2014: $40,444,724Net Income 2014: $5,371,9412014Revenue 2015: $48,513,601Expenses 2015: $45,063,765Net Income 2015: $3,449,8362015Revenue 2016: $50,665,954Expenses 2016: $46,614,551Net Income 2016: $4,051,4032016Revenue 2017: $56,816,269Expenses 2017: $51,997,232Net Income 2017: $4,819,0372017Revenue 2018: $62,799,985Expenses 2018: $54,672,598Net Income 2018: $8,127,3872018Revenue 2019: $71,602,053Expenses 2019: $59,293,561Net Income 2019: $12,308,4922019Revenue 2020: $69,985,415Expenses 2020: $58,663,699Net Income 2020: $11,321,7162020Revenue 2021: $64,029,017Expenses 2021: $52,282,209Net Income 2021: $11,746,8082021Revenue 2022: $72,242,165Expenses 2022: $60,300,911Net Income 2022: $11,941,2542022Revenue 2023: $92,658,143Expenses 2023: $76,945,341Net Income 2023: $15,712,8022023Revenue 2024: $110,461,542Expenses 2024: $100,822,855Net Income 2024: $9,638,6872024

Highlighted filing

2014

Revenue$45,816,665
Expenses$40,444,724
Net Income$5,371,941
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 22, 2015
Return Version
2014v5.0
Gross Receipts
$56,435,985
Mission and Program Overview

Mission

A cooperative providing financial solutions so members can achieve their goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$634,301,190$723,181,941▲ $88,880,751
Rtn Earn Endowment Incm Other Fnds$91,469,943$95,693,732▲ $4,223,789
Investments Other Securities$118,952,492$77,377,235▼ $41,575,257
Savings and Temporary Cash Investments$21,147,483$37,905,556▲ $16,758,073
Land, Buildings, and Equipment, Net$17,385,883$20,384,740▲ $2,998,857
Cash and Non-Interest-Bearing Accounts$6,992,921$7,789,794▲ $796,873
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$826,260,838$893,629,857▲ $67,369,019
Other Assets Total$27,480,869$26,990,591▼ $490,278
Liabilities
Other Liabilities$726,953,699$787,018,751▲ $60,065,052
Accounts Payable and Accrued Expenses$7,837,196$10,917,374▲ $3,080,178
Total Liabilities$734,790,895$797,936,125▲ $63,145,230
Net Assets / Fund Balance
Total Net Assets Fund Balance$91,469,943$95,693,732▲ $4,223,789
Total Liabilities and Net Assets / Fund Balance$826,260,838$893,629,857▲ $67,369,019

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,401,919$11,159,202$15,561,121
Land$10,200,730-$10,200,730
Buildings$5,782,091$4,311,990$10,094,081
Other Securities$4,014,137--
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dan DesmondPresident & Chief Executive OfficerFT$350,200$212,840$563,040
Alan AlthousePresident & Chief Financial OfficerFT$225,549$158,007$383,556
Gary BernardEvp Chief Operations OfficerFT$189,755$119,301$309,056
Farid FarbodSVP Chief Lending OfficerFT$171,195$116,026$287,221
Chris KearneySVP Chief Information OfficerFT$164,103$87,738$251,841
Jeff PeabodySVP Chief Marketing OfficerFT$164,403$48,651$213,054
Brent CattaniFinancial Advisor IiFT$164,382$27,677$192,059
Darren KennonFinancial Advisor IiFT$158,921$31,436$190,357
Karen BejaranoVP Branch OperationsFT$137,632$42,120$179,752
Scott WilliamsVP Commercial LendingFT$151,181$22,892$174,073
Gary YostVP Human ResourcesFT$135,796$34,119$169,915

Board Members and Trustees

NameTitle
Thomas CummiskeyChairman
David PrechtelVice Chairman
Jeff HomerBoard Member
Mike MoultonBoard Member
Mike VascoBoard Member
RICK O'CONNORBoard Member
Tim NieszBoard Member
Jeffrey MyersSecretary
Scott JohsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Dbsi IncorporatedConstruction-branch Buildout And Remodel6950 W MORELOS PL, Chandler, AZ 85226$2,753,490
PscuCredit And Debit Card Services560 CARILLON PARKWAY, St Petersburg, FL 22716$2,161,360
Nextnet Partners LLCNetwork Consultants2227 W BASELINE ROAD 103, Tempe, AZ 85283$1,064,737
FiservCore Processing System255 FISERV DR, Brookfield, WI 53045$937,801
Breakaway Loyalty LLCCredit Card Rewards555 N POINT CENTER E SUITE 230, Alpharetta, GA 30022$548,380
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$42,030,768
Investment Income
$3,785,897
Other Revenue
$0
Change in Net Assets
$5,371,941

Audited Revenue Reconciliation

Revenue per Audited Statements
$45,816,665
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$45,816,665
Total Revenue per Form 990
$45,816,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,041,520
Salaries, Compensation, and Employee Benefits$17,391,954
Grants and Similar Amounts Paid$11,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$10,733,895
Fees for Services Other---$4,960,903
Current Officers, Directors, Trustees, and Key Employees---$2,913,925
Occupancy---$2,745,499
Other Employee Benefits---$1,966,524
Advertising---$1,875,858
Interest---$1,410,634
Payroll Taxes---$1,050,789
Pension Plan Contributions---$726,821
Other Expenses---$725,174
Fees for Services Legal---$174,575
Conferences and Meetings---$166,638
Fees for Services Accounting---$91,777
Travel---$60,139
Grants to Domestic Individuals---$11,250
Total Functional Expenses$0$0$0$40,444,724

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$40,444,724
Total Expenses per Audited Statements$40,444,724
Total Expenses per Form 990$40,444,724
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposit Accounts$787,018,751
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 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

Governance Explanations

Form 990, Part VI, Section A, Line 6

“As a financial institution chartered originally under the federal credit union act and state law, the organization does have members/owners.”

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

“The members of the credit union elect the governing body of the institution.”

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

“Certain decisions such as mergers and conversions to a different charter type require membership approval.”

Form 990, Part VI, Section B, Line 11

“The organization's ceo and/or the cfo present the form to the governing body during one of its regular monthly meetings, the board reviews the form presented by the officers and formally make a motion to approve the form before it is filed.”

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

“Regularly monitor and review activity of the entity for potential conflicts. For example, all loans to members of the board of directors are underwritten by staff using standard underwriting guidelines for all members, with the same rates and terms available to all members, and then reported to and ratified by the full board of directors. Board members also complete an annual conflict of interest statement.”

Form 990, Part VI, Section B, Line 15

“Truwest periodically evaluates/re-evaluate positions with hrn management.”

Form 990, Part VI, Section C, Line 19

“The credit union's monthly financial statements are displayed at all the branch locations, audited financials and other documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Truwest Credit Union
EIN
86-6050959
Phone
6026292012
Address
1667 N PRIEST DRIVE, TEMPE, AZ 85281

Signing Officer

Name
Alan Althouse
Title
Chief Financial Officer
Phone
6026292012
Signed
2015-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Althouse
Formed
1952
Legal Domicile
Az
Voting Board Members
9
Independent Board Members
9
Employees
261
Volunteers
14

Preparer

Firm
Cliftonlarsonallen Llp
Address
20 E THOMAS RD STE 2300, PHOENIX, AZ 85012
Preparer
Janis Isaacson
Phone
6022662248
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Loan application fees 55,497. Credit reports 523,920. Mortgage loan expenses texas 13,351. Loan expenses blue book 2,380. Loan expenses other 11. Loan expenses 1st mortgage process 272,966. Auto dealers business development expense 39,361. Phone-pay expenses 112,104. Student loan related fees 980. Bus loan underwriting related expenses 32,279. Visa-business rewards-platinum 9,179. Visa signature trurewards 1,237,900. Visa platinum trurewards 216,454. Mastercard debit expense 989,089. Visa signature processing 738,788. Visa gold processing fees -4,174. Visa platinum processing fees 479,957. Visa business processing fees 2,689. Small balance write off -9. Plastic card fraud expense 225,529. Mastercard debit card fraud losses 12,652.”

FORM 990, PART XI, LINE 9:

“Change in unrealized gain on securities available-for-sale -1,148,156. Rounding 4.”

FORM 990, PAGE 12, PART XII, LINE 2C:

“The supervisory committee is responsible for the audited financial statements.”

Financial Statement Notes

PART X, LINE 2:

“The credit union evaluated its tax positions and determined no uncertain tax positions exist as of december 31, 2014 and 2013.”

Raw XML AppendixShowing 400 of 685 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/Form990PartVIISectionAGrp/PersonNm2JEFFREY MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID PRECHTEL
IRS990/Form990PartVIISectionAGrp/PersonNm4TIM NIESZ
IRS990/Form990PartVIISectionAGrp/PersonNm5MIKE MOULTON
IRS990/Form990PartVIISectionAGrp/PersonNm6SCOTT JOHS
IRS990/Form990PartVIISectionAGrp/PersonNm7RICK O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm8MIKE VASCO
IRS990/Form990PartVIISectionAGrp/PersonNm9ALAN ALTHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm10GARY BERNARD
IRS990/Form990PartVIISectionAGrp/PersonNm11DAN DESMOND
IRS990/Form990PartVIISectionAGrp/PersonNm12FARID FARBOD
IRS990/Form990PartVIISectionAGrp/PersonNm13CHRIS KEARNEY
IRS990/Form990PartVIISectionAGrp/PersonNm14JEFF PEABODY
IRS990/Form990PartVIISectionAGrp/PersonNm15BRENT CATTANI
IRS990/Form990PartVIISectionAGrp/PersonNm16SCOTT WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm17DARREN KENNON
IRS990/Form990PartVIISectionAGrp/PersonNm18KAREN BEJARANO
IRS990/Form990PartVIISectionAGrp/PersonNm19GARY YOST
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10226055
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11425842
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13199057
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14196782
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16164251
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17162499
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18152246
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19147466
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT & CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EVP CHIEF OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT & CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP CHIEF INFORMATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP CHIEF MARKETING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15FINANCIAL ADVISOR II
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP COMMERCIAL LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt17FINANCIAL ADVISOR II
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP BRANCH OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP HUMAN RESOURCES
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01952
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0112523
IRS990/GainOrLossGrp/SecuritiesAmt0148052
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt011250
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0616991
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt010262904
IRS990/GrossReceiptsAmt056435985
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt022
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt01410634
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03525322
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03525322
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0118952492
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt077377235
IRS990/IRPDocumentCnt014829
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015471192
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017385883
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020384740
IRS990/LandBldgEquipCostOrOtherBssAmt035855932
IRS990/LegalDomicileStateCd0AZ
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0504468
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt010114852
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0A COOPERATIVE PROVIDING FINANCIAL SOLUTIONS SO MEMBERS CAN ACHIEVE THEIR GOALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt091469943
IRS990/NetAssetsOrFundBalancesEOYAmt095693732
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0260575
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0260575
IRS990/NetUnrelatedBusTxblIncmAmt0-294574
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02745499
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt027480869
IRS990/OtherAssetsTotalGrp/EOYAmt026990591
IRS990/OtherChangesInNetAssetsAmt0-1148152
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01966524
IRS990/OtherExpensesGrp/Desc0OPERATIONS
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/TotalAmt08014550
IRS990/OtherExpensesGrp/TotalAmt12815773
IRS990/OtherExpensesGrp/TotalAmt2725174
IRS990/OtherLiabilitiesGrp/BOYAmt0726953699
IRS990/OtherLiabilitiesGrp/EOYAmt0787018751
IRS990/OtherSalariesAndWagesGrp/TotalAmt010733895
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0634301190
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0723181941
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01050789
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0726821
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ALAN ALTHOUSE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1UNRELATED BUSINESS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt041680866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt041680866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1349902
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0349902
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04428446
IRS990/PYOtherExpensesAmt019371477
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt040049631
IRS990/PYRevenuesLessExpensesAmt07925887
IRS990/PYSalariesCompEmpBnftPaidAmt017180713
IRS990/PYTotalExpensesAmt036552190
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt044478077
IRS990/ReconcilationRevenueExpnssAmt05371941
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt095693732
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021147483
IRS990/SavingsAndTempCashInvstGrp/EOYAmt037905556
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05782091
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04311990
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010094081
IRS990ScheduleD/EquipmentGrp/BookValueAmt04401919
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011159202
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015561121
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt040444724
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt010200730
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010200730
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0787018751
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt010575000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt162788098
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt24014137
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FEDERAL HOME LOAN BANK STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT SECURITIES - AVAILABLE F
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT SECURITIES - OTHER INVES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt045816665
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2014 AND 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020384740
IRS990ScheduleD/TotalBookValueSecuritiesAmt077377235
IRS990ScheduleD/TotalExpensesPerForm990Amt040444724
IRS990ScheduleD/TotalLiabilityAmt0787018751
IRS990ScheduleD/TotalRevenuePerForm990Amt045816665
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt045816665
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt040444724

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$893,629,857
Liabilities
$797,936,125
Net assets
$95,693,732
Revenue
$45,816,665
Expenses
$40,444,724
Net income
$5,371,941
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,607$1,475$132$110$101$9.64
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,810$1,686$124$92.7$76.9$15.7
2022Detailed filing. Detailed filing data is available for this year.$1,515$1,400$114$72.2$60.3$11.9
2021Detailed filing. Detailed filing data is available for this year.$1,519$1,376$143$64.0$52.3$11.7
2020Detailed filing. Detailed filing data is available for this year.$1,368$1,232$137$70.0$58.7$11.3
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,214$1,089$125$71.6$59.3$12.3
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,153$1,039$114$62.8$54.7$8.13
2017Detailed filing. Detailed filing data is available for this year.$1,030$923$107$56.8$52.0$4.82
2016Detailed filing. Detailed filing data is available for this year.$967$866$101$50.7$46.6$4.05
2015Detailed filing. Detailed filing data is available for this year.$927$829$98.4$48.5$45.1$3.45
2014Detailed filing. Detailed filing data is available for this year.$894$798$95.7$45.8$40.4$5.37
2013Detailed filing. Detailed filing data is available for this year.$826$735$91.5$44.5$36.6$7.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$791$704$87.7$32.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$769$689$79.8$36.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$742$672$69.8$43.4