Civic Intelligence

Whatcom Educational Credit Union

990 • Fiscal year 2010 • EIN 91-0712539

Jan 01, 2010 to Dec 31, 2010 • Filed on Nov 07, 2011

600 East Holly Street98227
Siviq Scores

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

Liabilities / Assets

10th percentile

0.82x

Higher debt load relative to assets than 10% of similar nonprofits.

2010 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$706,976,500

No earlier filing loaded for comparison.

Net Assets

$126,097,446

No earlier filing loaded for comparison.

Liabilities

$580,879,054

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$39,264,288

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0B$2.0B$1.0B$0Assets 2010: $706,976,500Liabilities 2010: $580,879,054Net Assets 2010: $126,097,4462010Assets 2011: $776,647,224Liabilities 2011: $637,304,152Net Assets 2011: $139,343,0722011Assets 2012: $883,830,603Liabilities 2012: $727,119,759Net Assets 2012: $156,710,8442012Assets 2013: $977,324,219Liabilities 2013: $806,368,475Net Assets 2013: $170,955,7442013Assets 2014: $1,082,297,679Liabilities 2014: $899,918,440Net Assets 2014: $182,379,2392014Assets 2015: $1,225,832,214Liabilities 2015: $1,030,122,679Net Assets 2015: $195,709,5352015Assets 2016: $1,367,927,360Liabilities 2016: $1,156,494,807Net Assets 2016: $211,432,5532016Assets 2017: $1,482,247,013Liabilities 2017: $1,251,443,616Net Assets 2017: $230,803,3972017Assets 2018: $1,608,031,120Liabilities 2018: $1,363,703,611Net Assets 2018: $244,327,5092018Assets 2019: $1,712,782,397Liabilities 2019: $1,453,723,572Net Assets 2019: $259,058,8252019Assets 2020: $2,136,316,633Liabilities 2020: $1,862,343,725Net Assets 2020: $273,972,9082020Assets 2021: $2,491,858,278Liabilities 2021: $2,196,578,930Net Assets 2021: $295,279,3482021Assets 2022: $2,507,427,609Liabilities 2022: $2,190,539,001Net Assets 2022: $316,888,6082022Assets 2023: $2,766,280,343Liabilities 2023: $2,430,302,080Net Assets 2023: $335,978,2632023Assets 2024: $2,957,165,947Liabilities 2024: $2,607,584,743Net Assets 2024: $349,581,2042024

Highlighted filing

2010

Assets$706,976,500
Liabilities$580,879,054
Net Assets$126,097,446

Operations Trend

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

$200M$150M$100M$50M$0Expenses 2010: $39,264,2882010Expenses 2011: $36,738,2382011Expenses 2012: $37,675,9962012Revenue 2013: $50,937,148Expenses 2013: $37,199,212Net Income 2013: $13,737,9362013Revenue 2014: $51,454,248Expenses 2014: $40,141,708Net Income 2014: $11,312,5402014Revenue 2015: $54,990,783Expenses 2015: $41,471,469Net Income 2015: $13,519,3142015Revenue 2016: $62,872,274Expenses 2016: $47,429,375Net Income 2016: $15,442,8992016Revenue 2017: $70,172,399Expenses 2017: $51,547,262Net Income 2017: $18,625,1372017Revenue 2018: $81,002,988Expenses 2018: $67,030,910Net Income 2018: $13,972,0782018Revenue 2019: $86,913,366Expenses 2019: $72,182,050Net Income 2019: $14,731,3162019Revenue 2020: $85,917,838Expenses 2020: $71,003,755Net Income 2020: $14,914,0832020Revenue 2021: $85,746,120Expenses 2021: $64,051,386Net Income 2021: $21,694,7342021Revenue 2022: $98,737,059Expenses 2022: $68,523,716Net Income 2022: $30,213,3432022Revenue 2023: $138,092,209Expenses 2023: $119,310,663Net Income 2023: $18,781,5462023Revenue 2024: $166,494,738Expenses 2024: $154,291,742Net Income 2024: $12,202,9962024

Highlighted filing

2010

Revenue-
Expenses$39,264,288
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Nov 7, 2011
Return Version
2010v3.4
Gross Receipts
$48,975,768
Mission and Program Overview

Mission

Whatcom educational credit union (wecu) is a member-owned financial cooperative where members are encouraged to save and borrow responsibly at fair and competitive rates, improving their financial well-being and standard of living. This state-chartered credit union is a member of the national credit union administration share insurance fund, and is regulated by the national credit union association, and the state of washington department of financial institutions - division of credit unions. Wecu's main products are consumer loans, real estate loans and commercial loans to members, which are primarily funded by deposits from members. Financial education and community service are also an integral part of wecu's operations and spirit of service.

Major Activities

Activity 2
Other consumer loans: along with credit card loans, wecu offers auto, boat, rv, personal, secured, timeline, and other consumer loans. We have very competitive rates, and often fund very small loans that other financial institutions would not. In this capacity, wecu fills a critical role in the micro-lending economy. In 2010, we issued over 1,934 consumer loans (not including credit cards) to our members, totaling over $22.1 million. Wecu also provides access to the balance financial fitness program free of charge to members. Professional financial counselors at balance provide direction and support to any of our members who need help managing their debt and getting their personal finances back on track. In 2010, over 800 of our members used this service.
Activity 3
Real estate loans:wecu offers residential real estate loans with very competitive rates and low fees, member education seminars related to buying a home, and home $tart program loans through the federal home loan bank of seattle. During 2010, we funded approximately 1,000 residential first mortgages to our members. At the end of 2010, wecu had over 2028 residential first mortgage loans outstanding which equates to a household penetration of about 4.1% in our membership portfolio. However, as of the end of 2010, we were also servicing an additional 1305 in sold residential first mortgages to our members, increasing our overall real estate penetration to about 6.8%. The average balance of residential first mortgage loans being serviced by wecu is approximately $156,000. In addition, wecu participates in home $tart. Often referred to as the "american dream" program, home $tart is a joint program through the federal home loan bank of seattle, and it promotes home ownership by helping first-time home buyers earning up to 80% of the area's median income to purchase a home. The home $tart program provides $3.00 for every $1.00 a family contributes, up to $5,000.00. Home $tart grants may be used for down payments, closing costs, or rehabilitation of an owner occupied housing unit, to be used as the household's primary residence. Grants may be used in combination with funds from other sources. Our next year's goal is to surpass the number of first-time home buyers by providing educational seminars, individual counseling as well as closing cost assistance - thus enabling our neighborhood families to realize their american dream.
Filing and Contact Details

Filer

EIN
91-0712539
Raw XML AppendixShowing 400 of 628 raw XML fields

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IRS990/Activity2/Description0OTHER CONSUMER LOANS: ALONG WITH CREDIT CARD LOANS, WECU OFFERS AUTO, BOAT, RV, PERSONAL, SECURED, TIMELINE, AND OTHER CONSUMER LOANS. WE HAVE VERY COMPETITIVE RATES, AND OFTEN FUND VERY SMALL LOANS THAT OTHER FINANCIAL INSTITUTIONS WOULD NOT. IN THIS CAPACITY, WECU FILLS A CRITICAL ROLE IN THE MICRO-LENDING ECONOMY. IN 2010, WE ISSUED OVER 1,934 CONSUMER LOANS (NOT INCLUDING CREDIT CARDS) TO OUR MEMBERS, TOTALING OVER $22.1 MILLION. WECU ALSO PROVIDES ACCESS TO THE BALANCE FINANCIAL FITNESS PROGRAM FREE OF CHARGE TO MEMBERS. PROFESSIONAL FINANCIAL COUNSELORS AT BALANCE PROVIDE DIRECTION AND SUPPORT TO ANY OF OUR MEMBERS WHO NEED HELP MANAGING THEIR DEBT AND GETTING THEIR PERSONAL FINANCES BACK ON TRACK. IN 2010, OVER 800 OF OUR MEMBERS USED THIS SERVICE.
IRS990/Activity3/Description0REAL ESTATE LOANS:WECU OFFERS RESIDENTIAL REAL ESTATE LOANS WITH VERY COMPETITIVE RATES AND LOW FEES, MEMBER EDUCATION SEMINARS RELATED TO BUYING A HOME, AND HOME $TART PROGRAM LOANS THROUGH THE FEDERAL HOME LOAN BANK OF SEATTLE. DURING 2010, WE FUNDED APPROXIMATELY 1,000 RESIDENTIAL FIRST MORTGAGES TO OUR MEMBERS. AT THE END OF 2010, WECU HAD OVER 2028 RESIDENTIAL FIRST MORTGAGE LOANS OUTSTANDING WHICH EQUATES TO A HOUSEHOLD PENETRATION OF ABOUT 4.1% IN OUR MEMBERSHIP PORTFOLIO. HOWEVER, AS OF THE END OF 2010, WE WERE ALSO SERVICING AN ADDITIONAL 1305 IN SOLD RESIDENTIAL FIRST MORTGAGES TO OUR MEMBERS, INCREASING OUR OVERALL REAL ESTATE PENETRATION TO ABOUT 6.8%. THE AVERAGE BALANCE OF RESIDENTIAL FIRST MORTGAGE LOANS BEING SERVICED BY WECU IS APPROXIMATELY $156,000. IN ADDITION, WECU PARTICIPATES IN HOME $TART. OFTEN REFERRED TO AS THE "AMERICAN DREAM" PROGRAM, HOME $TART IS A JOINT PROGRAM THROUGH THE FEDERAL HOME LOAN BANK OF SEATTLE, AND IT PROMOTES HOME OWNERSHIP BY HELPING FIRST-TIME HOME BUYERS EARNING UP TO 80% OF THE AREA'S MEDIAN INCOME TO PURCHASE A HOME. THE HOME $TART PROGRAM PROVIDES $3.00 FOR EVERY $1.00 A FAMILY CONTRIBUTES, UP TO $5,000.00. HOME $TART GRANTS MAY BE USED FOR DOWN PAYMENTS, CLOSING COSTS, OR REHABILITATION OF AN OWNER OCCUPIED HOUSING UNIT, TO BE USED AS THE HOUSEHOLD'S PRIMARY RESIDENCE. GRANTS MAY BE USED IN COMBINATION WITH FUNDS FROM OTHER SOURCES. OUR NEXT YEAR'S GOAL IS TO SURPASS THE NUMBER OF FIRST-TIME HOME BUYERS BY PROVIDING EDUCATIONAL SEMINARS, INDIVIDUAL COUNSELING AS WELL AS CLOSING COST ASSISTANCE - THUS ENABLING OUR NEIGHBORHOOD FAMILIES TO REALIZE THEIR AMERICAN DREAM.
IRS990/ActivityOrMissionDescription0IT IS THE MISSION OF WHATCOM EDUCATIONAL CREDIT UNION TO PROVIDE THE MEANS FOR MEMBERS TO ACHIEVE THEIR DREAMS.
IRS990/ActivityOther/Description0CHECKING ACCOUNTS/DEBIT CARDS: CHECKING ACCOUNTS AT WECU OFFER MAXIMUM CONVENIENCE WITH NO OR FEW FEES. WE HAVE FIVE CHECKING ACCOUNT OPTIONS: REGULAR CHECKING WITH NO MONTHLY SERVICE FEES OR PER CHECK CHARGES, CHECK PLUS, WHICH IS DIVIDEND BEARING, AND IF YOU MAINTAIN A CERTAIN MINIMUM BALANCE EACH MONTH, THERE IS NO MONTHLY SERVICE FEE; MONEY MARKET CHECKING, BUSINESS ECONOMY CHECKING, AND BUSINESS BASIC CHECKING. CHECKING ACCOUNTS ARE MADE MORE CONVENIENT WITH OUR VISA DEBIT CARD, AROUND THE CLOCK ACCESS WITH E-MAX AND TELE-MAX, DIRECT DEPOSIT, AUTOMATIC PAYMENTS, AND STOP PAYMENT OPTIONS. OVERDRAFT PROTECTION IS ALSO AVAILABLE ON ALL CHECKING ACCOUNTS. OUR VISA DEBIT CARD IS AN ATM CARD, A DEBIT CARD, AND AN ELECTRONIC CHECK ALL ROLLED INTO ONE. WITH THIS CARD, MEMBERS HAVE ACCESS TO MORE THAN 25,000 SURCHARGE-FREE ATMS THROUGHOUT THE UNITED STATES AND CANADA. OUR VISA DEBIT CARDS ARE ONLINE, SO PURCHASES OR WITHDRAWALS COME DIRECTLY OUT OF OUR MEMBERS' CHECKING ACCOUNT. WECU NOW OWNS 19 ATMS THROUGHOUT WHATCOM COUNTY, AND OUR MEMBERS HAVE SURCHARGE-FREE ACCESS TO ALL ATMS THAT DISPLAY THE CO-OP NETWORK LOGO. ABOUT 74% OF OUR ADULT MEMBERS HAVE A CHECKING SERVICE WITH WECU. IN ALL, THERE ARE OVER 60,000 WITH CHECKING SERVICE, AND OVER 38,000 VISA DEBIT CARD HOLDERS.
IRS990/ActivityOther/Description1COMMUNITY INVOLVEMENT: WHILE TECHNICALLY NOT A CHARTERED SERVICE, IT SHOULD BE HIGHLIGHTED THAT WECU'S PASSIONATE COMMITMENT TO COMMUNITY SERVICE IS MANIFESTED IN THE SUPPORT OF A LARGE NUMBER OF LOCAL EDUCATION, HEALTH, AND COMMUNITY CONCERNS. WECU'S 2010 DONATIONS AND SCHOLARSHIPS TOTALED OVER $219,000 IN 2010 AND WERE MADE TO APPROXIMATELY 190 ORGANIZATIONS AND SCHOOLS.
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IRS990/Description0CREDIT CARD LOANS: WECU OFFERS THREE TYPES OF CREDIT CARDS - CLASSIC, PLATINUM, AND BUSINESS. EACH CARD INCLUDES THE FOLLOWING: 1% CASH BACK ON PURCHASES, NO ANNUAL FEE, LOW FIXED ANNUAL PERCENTAGE RATE (APR), 25 DAY GRACE PERIOD, LOW MONTHLY PAYMENTS, TRAVEL ACCIDENT INSURANCE WHEN YOU PURCHASE TRAVEL TICKETS WITH YOUR WECU VISA, SECURE ONLINE SHOPPING WITH VERIFIED BY VISA, OPTIONAL PAYMENT PROTECTION, 24 HOUR ACCESS WITH E-MAX ONLINE BANKING AND TELE-MAX AUDIO RESPONSE, AND LOCAL SERVICE YOU CAN TRUST. WECU STRIVES TO EDUCATE YOUTH TO BE FINANCIALLY RESPONSIBLE. IN 2001, WECU LAUNCHED A STUDENT VISA PROGRAM WITH OUR CLASSIC VISA CARD. THE GOAL OF OUR STUDENT VISA PROGRAM IS NOT TO PROMOTE SPENDING, BUT RATHER TO PROVIDE KNOWLEDGE AND AN OPPORTUNITY FOR OUR YOUNG MEMBERS TO LEARN ABOUT MONEY MANAGEMENT AND MAINTAINING GOOD CREDIT. OUR PROGRAM IS DESIGNED FOR MEMBERS 16 AND 17 YEARS OF AGE, AND BEGINS WITH AN EDUCATIONAL SEMINAR. STUDENTS ARE REQUIRED TO ATTEND THE SEMINAR, AND WE STRONGLY ENCOURAGE LEGAL GUARDIANS OR PARENTS(S) TO ATTEND. THE STUDENT VISA SEMINAR COVERS MANY TOPICS, FROM THE DEFINITION OF CREDIT, TO CREDIT SCORES, HOW LOANS WORK, MONEY MANAGEMENT SKILLS, THE BENEFIT OF A VISA CARD, AND WHAT TO DO IF YOUR CARD IS LOST OR STOLEN. UPON SUCCESSFUL COMPLETION OF THE STUDENT VISA SEMINAR, AND EITHER A COMPLETED APPLICATION WITH PROOF OF INCOME OR PARENT/LEGAL GUARDIAN AS CO-BORROWER, STUDENT MEMBERS WILL BE ISSUED A $250 STUDENT VISA. THE CARD IS GOOD UNTIL AGE 21. HOWEVER, IF THE LOAN IS IN GOOD STANDING AT THE AGE OF 18, STUDENTS CAN APPLY FOR A $500 CLASSIC VISA BY FILLING OUT A NEW APPLICATION WITH PROOF OF INCOME OR PARENT/LEGAL GUARDIAN AS CO-BORROWER. THIS PROGRAM HAS BEEN VERY SUCCESSFUL, AND AS OF THE END OF 2010, WE HAVE 104 STUDENT VISA ACCOUNTS. WECU HAS APPROXIMATELY A 26.7% MEMBER PENETRATION IN OUR CREDIT CARD PROGRAM. AT YEAR-END, WE HAD OVER 1,929 NEW VISA ACCOUNTS FOR OUR MEMBERS, WITH NEW CREDIT LIMITS TOTALING OVER $6.4 MILLION.
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IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs110
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs120
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs130
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs140
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs150
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs160
IRS990/Form990PartVIISectionA/Title0CHAIR
IRS990/Form990PartVIISectionA/Title1VICE-CHAIR
IRS990/Form990PartVIISectionA/Title2SECRETARY
IRS990/Form990PartVIISectionA/Title3DIRECTOR
IRS990/Form990PartVIISectionA/Title4DIRECTOR
IRS990/Form990PartVIISectionA/Title5DIRECTOR
IRS990/Form990PartVIISectionA/Title6DIRECTOR
IRS990/Form990PartVIISectionA/Title7DIRECTOR
IRS990/Form990PartVIISectionA/Title8DIRECTOR
IRS990/Form990PartVIISectionA/Title9PRESIDENT/CEO/TREASURER
IRS990/Form990PartVIISectionA/Title10VP/CFO
IRS990/Form990PartVIISectionA/Title11EXECUTIVE VP
IRS990/Form990PartVIISectionA/Title12VP/COO
IRS990/Form990PartVIISectionA/Title13VP/CLO
IRS990/Form990PartVIISectionA/Title14VP/MARKETING MANAGER
IRS990/Form990PartVIISectionA/Title15VP/CTO
IRS990/Form990PartVIISectionA/Title16BUSINESS SERVICES MANAGER
IRS990/Form990ProvidedToGoverningBody01
IRS990/FormersListed00
IRS990/FSAudited01
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IRS990/GrantsToOrganizations00
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IRS990/GrossReceipts048975768
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IRS990/InfoInScheduleOPartIII0X
IRS990/InfoInScheduleOPartVI0X
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IRS990/Insurance/Total01389204
IRS990/Interest/Total04077056
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IRS990/InvestmentIncome/TotalRevenueColumn01124233
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IRS990/InvestmentsPubTradedSecurities/BOY03408309
IRS990/InvestmentsPubTradedSecurities/EOY03827557
IRS990/LandBldgEquipmentAccumDeprec012054391
IRS990/LandBuildingsEquipmentBasis040444788
IRS990/LandBuildingsEquipmentBasisNet/BOY026216260
IRS990/LandBuildingsEquipmentBasisNet/EOY028390397
IRS990/LessCostOthBasisSalesExpenses/Other019837
IRS990/LoanToOfficerOrDQP00
IRS990/LocalChapters01
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders01
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0WHATCOM EDUCATIONAL CREDIT UNION (WECU) IS A MEMBER-OWNED FINANCIAL COOPERATIVE WHERE MEMBERS ARE ENCOURAGED TO SAVE AND BORROW RESPONSIBLY AT FAIR AND COMPETITIVE RATES, IMPROVING THEIR FINANCIAL WELL-BEING AND STANDARD OF LIVING. THIS STATE-CHARTERED CREDIT UNION IS A MEMBER OF THE NATIONAL CREDIT UNION ADMINISTRATION SHARE INSURANCE FUND, AND IS REGULATED BY THE NATIONAL CREDIT UNION ADMINISTRATION, AND THE STATE OF WASHINGTON DEPARTMENT OF FINANCIAL INSTITUTIONS - DIVISION OF CREDIT UNIONS. WECU'S MAIN PRODUCTS ARE CONSUMER LOANS, REAL ESTATE LOANS AND COMMERICAL LOANS TO MEMBERS, WHICH ARE PRIMARILY FUNDED BY DEPOSITS FROM MEMBERS. FINANICAL EDUCATION AND COMMUNITY SERVICE ARE ALSO AN INTEGRAL PART OF WECU'S OPERATIONS AND SPIRIT OF SERVICE.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0WAYNE LANGEI
IRS990/NbrIndependentVotingMembers09
IRS990/NbrVotingGoverningBodyMembers09
IRS990/NbrVotingMembersGoverningBody09
IRS990/NetAssetsOrFundBalancesBOY0115986553
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IRS990/NetGainOrLossInvestments/RelatedOrExemptFunctionIncome0-19837
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IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
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IRS990/NumberOfContractorsGT100K017
IRS990/NumberOfEmployees0297
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Total0726298
IRS990/OfficeExpenses/Total01071696
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IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY03075452
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IRS990/OtherEmployeeBenefits/Total02089962
IRS990/OtherExpensePriorYear021511144
IRS990/OtherExpensesCurrentYear024062927
IRS990/OtherExpenses/Description0PROVISION FOR LOAN LOSS
IRS990/OtherExpenses/Description1OTHER OPERATING EXPENSE
IRS990/OtherExpenses/Total07363413
IRS990/OtherExpenses/Total16661640
IRS990/OtherLiabilities/BOY0514960158
IRS990/OtherLiabilities/EOY0567199787
IRS990/OtherNotesLoansReceivableNet/BOY0463186751
IRS990/OtherNotesLoansReceivableNet/EOY0582610747
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IRS990/OtherRevenuePriorYear00
IRS990/OtherSalariesAndWages/Total09195765
IRS990/PaidInCapSrplsLandBldgEqpFund/BOY00
IRS990/PaidInCapSrplsLandBldgEqpFund/EOY00
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IRS990/PayrollTaxes/Total0779901
IRS990/PensionPlanContributions/Total01388104
IRS990/PoliciesReferenceChapters01
IRS990/PoliticalActivities00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0522100
IRS990/ProgramServiceRevenueCY047851535
IRS990/ProgramServiceRevenue/Description0PROGRAM SERVICE REVENU
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IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome047851535
IRS990/ProgramServiceRevenue/TotalRevenueColumn047851535
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges0419250
IRS990/ReconcilationRevenueExpenses09691643
IRS990/RegularMonitoringEnforcement01
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IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities01
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IRS990/ScheduleBRequired00
IRS990ScheduleD/AgentTrusteeEtc00
IRS990ScheduleD/Buildings/BookValue016723578
IRS990ScheduleD/Buildings/Depreciation02575892
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis019299470
IRS990ScheduleD/Equipment/BookValue01072338
IRS990ScheduleD/Equipment/Depreciation08058017
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis09130355
IRS990ScheduleD/ExcessOrDeficitForYear09691643
IRS990ScheduleD/ExcessOrDeficitPerFS010110893
IRS990ScheduleD/ExpensesNotRptdF9900273202
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal039264288
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WAS ISSUED TO CREATE A SINGLE MODEL TO ADDRESS ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING A MINIMUM RECOGNITION THRESHOLD FOR A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THIS STANDARD ALSO PROVIDES GUIDANCE ON DERECOGNITION, MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE CREDIT UNION ADOPTED THIS STANDARD ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD, THE CREDIT UNION DID NOT RECOGNIZE ANY LIABILITY FOR UNCERTAINTY IN TAX POSITIONS.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1NET CHANGE IN UNREALIZED LOSS ON AFS INVESTMENTS 419,252. ROUNDING -2.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2IMPAIRMENT ON CERTAIN CORPORATE CREDIT UNION MEMBER CAPITAL SHARES 273,200.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3IMPAIRMENT ON CERTAIN CORPORATE CREDIT UNION MEMBER CAPITAL SHARES 273,200. ROUNDING 2.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation4PART IV, LINE 2B: MONEY RECEIVED WITH MORTGAGE PAYMENTS THAT IS HELD IN ESCROW FOR REAL ESTATE TAXES.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1PART XI, LINE 8 - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier3PART XIII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART X:
IRS990ScheduleD/IncludedOnFS01
IRS990ScheduleD/Land/BookValue09717162
IRS990ScheduleD/Land/OtherCostOrOtherBasis09717162
IRS990ScheduleD/LeaseholdImprovements/BookValue0738412
IRS990ScheduleD/LeaseholdImprovements/Depreciation01420482
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis02158894
IRS990ScheduleD/OtherAmount0419250
IRS990ScheduleD/OtherExpensesIncluded0273202
IRS990ScheduleD/OtherLandBuildings/BookValue0138907
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0138907
IRS990ScheduleD/OtherLiabilities/Amount05278650
IRS990ScheduleD/OtherLiabilities/Amount1102422927
IRS990ScheduleD/OtherLiabilities/Amount215218400
IRS990ScheduleD/OtherLiabilities/Amount336861225
IRS990ScheduleD/OtherLiabilities/Amount4405070756
IRS990ScheduleD/OtherLiabilities/Amount52347829
IRS990ScheduleD/OtherLiabilities/Description0OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilities/Description1MEMBER SHARE DRAFT
IRS990ScheduleD/OtherLiabilities/Description2MEMBER IRA SHARES
IRS990ScheduleD/OtherLiabilities/Description3SHARE AND IRA CDS
IRS990ScheduleD/OtherLiabilities/Description4SHARE SAVINGS
IRS990ScheduleD/OtherLiabilities/Description5ACCRUED PENSIONS AND PROFIT SHARING
IRS990ScheduleD/OtherRevenues0273200
IRS990ScheduleD/OtherSecurities/BookValue056081000
IRS990ScheduleD/OtherSecurities/BookValue11554800
IRS990ScheduleD/OtherSecurities/Description0OTHER INVESTMENTS
IRS990ScheduleD/OtherSecurities/Description1FHLB STOCK
IRS990ScheduleD/OtherSecurities/MethodOfValuation0C
IRS990ScheduleD/OtherSecurities/MethodOfValuation1C
IRS990ScheduleD/RevenueNotRptdF9900273200
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal048955931
IRS990ScheduleD/TotalAdjustments0419250
IRS990ScheduleD/TotalExpenses039264288
IRS990ScheduleD/TotalExpensesPerForm990039264288
IRS990ScheduleD/TotalOfAmounts0567199787
IRS990ScheduleD/TotalOfBookValueLandBuildings028390397
IRS990ScheduleD/TotalOfBookValueSecurities057635800
IRS990ScheduleD/TotalRevenue048955931
IRS990ScheduleD/TotalRevenuePerForm990048955931

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2,957$2,608$350$166$154$12.2
2023Detailed filing. Detailed filing data is available for this year.$2,766$2,430$336$138$119$18.8
2022Detailed filing. Detailed filing data is available for this year.$2,507$2,191$317$98.7$68.5$30.2
2021Detailed filing. Detailed filing data is available for this year.$2,492$2,197$295$85.7$64.1$21.7
2020Detailed filing. Detailed filing data is available for this year.$2,136$1,862$274$85.9$71.0$14.9
2019Detailed filing. Detailed filing data is available for this year.$1,713$1,454$259$86.9$72.2$14.7
2018Detailed filing. Detailed filing data is available for this year.$1,608$1,364$244$81.0$67.0$14.0
2017Detailed filing. Detailed filing data is available for this year.$1,482$1,251$231$70.2$51.5$18.6
2016Detailed filing. Detailed filing data is available for this year.$1,368$1,156$211$62.9$47.4$15.4
2015Detailed filing. Detailed filing data is available for this year.$1,226$1,030$196$55.0$41.5$13.5
2014Detailed filing. Detailed filing data is available for this year.$1,082$900$182$51.5$40.1$11.3
2013Detailed filing. Detailed filing data is available for this year.$977$806$171$50.9$37.2$13.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$884$727$157$37.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$777$637$139$36.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$707$581$126$39.3
Peer Organizations

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