Civic Intelligence

Pacific Postal Credit Union

990 • Fiscal year 2018 • EIN 94-0760540

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

Organization ProfileWWW.PPCU.ORG

View Organization Page

1040 Leigh AvenueSan Jose, CA 95126-4152

(408) 275-8595

Siviq Scores

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

Liabilities / Assets

26th percentile

0.87x

Higher debt load relative to assets than 26% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

19.81x

Higher debt load relative to revenue than 76% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

95th percentile

$444,806

Higher top officer pay than 95% of similar nonprofits.

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

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Asset Growth

24th percentile

0.3%

Faster asset growth than 24% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

81st percentile

15%

Faster revenue growth than 81% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$221,667,160

Up $723,257 (+0.3%) from 2017

Net Assets

Down

$29,894,432

Down $1,031,864 (-3.3%) from 2017

Liabilities

Up

$191,772,728

Up $1,755,121 (+0.9%) from 2017

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin71st percentile

Revenue

Up

$9,678,325

Up $1,281,349 (+15%) from 2017

Expenses

Up

$8,007,302

Up $1,286,594 (+19%) from 2017

Net Income

Down

$1,671,023

Down $5,245 (-0.3%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$300M$200M$100M$0Assets 2010: $189,413,334Liabilities 2010: $166,338,162Net Assets 2010: $23,075,1722010Assets 2011: $187,998,630Liabilities 2011: $164,459,183Net Assets 2011: $23,539,4472011Assets 2012: $202,007,134Liabilities 2012: $174,586,313Net Assets 2012: $27,420,8212012Assets 2013: $199,835,128Liabilities 2013: $174,562,358Net Assets 2013: $25,272,7702013Assets 2014: $205,898,609Liabilities 2014: $177,898,361Net Assets 2014: $28,000,2482014Assets 2015: $214,954,140Liabilities 2015: $185,121,554Net Assets 2015: $29,832,5862015Assets 2016: $216,752,575Liabilities 2016: $186,649,863Net Assets 2016: $30,102,7122016Assets 2017: $220,943,903Liabilities 2017: $190,017,607Net Assets 2017: $30,926,2962017Assets 2018: $221,667,160Liabilities 2018: $191,772,728Net Assets 2018: $29,894,4322018Assets 2019: $224,203,026Liabilities 2019: $190,284,597Net Assets 2019: $33,918,4292019Assets 2020: $243,282,825Liabilities 2020: $207,599,372Net Assets 2020: $35,683,4532020Assets 2021: $255,571,467Liabilities 2021: $219,710,250Net Assets 2021: $35,861,2172021Assets 2022: $239,600,553Liabilities 2022: $209,790,314Net Assets 2022: $29,810,2392022Assets 2023: $236,503,849Liabilities 2023: $203,997,888Net Assets 2023: $32,505,9612023Assets 2024: $233,387,409Liabilities 2024: $198,698,304Net Assets 2024: $34,689,1052024

Highlighted filing

2018

Assets$221,667,160
Liabilities$191,772,728
Net Assets$29,894,432
Open 2018 Filing

Operations Trend

Revenue Growth81st percentile

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

$15M$10M$5.0M$0Expenses 2010: $6,842,8652010Expenses 2011: $5,964,6212011Expenses 2012: $6,586,4972012Revenue 2013: $7,768,279Expenses 2013: $6,490,942Net Income 2013: $1,277,3372013Revenue 2014: $6,768,107Expenses 2014: $5,291,951Net Income 2014: $1,476,1562014Revenue 2015: $6,754,443Expenses 2015: $5,969,878Net Income 2015: $784,5652015Revenue 2016: $7,578,820Expenses 2016: $6,551,794Net Income 2016: $1,027,0262016Revenue 2017: $8,396,976Expenses 2017: $6,720,708Net Income 2017: $1,676,2682017Revenue 2018: $9,678,325Expenses 2018: $8,007,302Net Income 2018: $1,671,0232018Revenue 2019: $10,043,628Expenses 2019: $8,881,683Net Income 2019: $1,161,9452019Revenue 2020: $7,478,389Expenses 2020: $6,608,979Net Income 2020: $869,4102020Revenue 2021: $6,861,841Expenses 2021: $6,062,035Net Income 2021: $799,8062021Revenue 2022: $7,633,896Expenses 2022: $6,796,679Net Income 2022: $837,2172022Revenue 2023: $10,516,194Expenses 2023: $9,018,123Net Income 2023: $1,498,0712023Revenue 2024: $11,865,118Expenses 2024: $10,726,092Net Income 2024: $1,139,0262024

Highlighted filing

2018

Revenue$9,678,325
Expenses$8,007,302
Net Income$1,671,023
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$9,678,325
Mission and Program Overview

Mission

Pacific postal credit union is committed to creating a better life for our member owners by building financial partnerships and providing competitive services.

Pacific postal credit union builds financial partnerships and provides competitive services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$145,127,967$137,439,434▼ $7,688,533
Other Notes and Loans Receivable, Net$57,653,924$64,770,610▲ $7,116,686
Rtn Earn Endowment Incm Other Fnds$30,926,296$29,894,432▼ $1,031,864
Receivables From Officers Etc$3,013,221$3,088,552▲ $75,331
Cash and Non-Interest-Bearing Accounts$1,158,279$2,291,624▲ $1,133,345
Accounts Receivable$1,012,636$1,027,202▲ $14,566
Prepaid Expenses and Deferred Charges$498,986$459,026▼ $39,960
Intangible Assets$363,269$359,623▼ $3,646
Land, Buildings, and Equipment, Net$546,065$334,071▼ $211,994
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$220,943,903$221,667,160▲ $723,257
Other Assets Total$11,569,556$11,897,018▲ $327,462
Liabilities
Other Liabilities$188,596,467$190,168,383▲ $1,571,916
Accounts Payable and Accrued Expenses$1,421,140$1,604,345▲ $183,205
Total Liabilities$190,017,607$191,772,728▲ $1,755,121
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,926,296$29,894,432▼ $1,031,864
Total Liabilities and Net Assets / Fund Balance$220,943,903$221,667,160▲ $723,257

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,539$3,412,055$3,431,594
Buildings$247,515$1,563,809$1,811,324
Land$67,017-$67,017
Other Assets Org$9,378,438--
Other Securities$88,034,865--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fardad KhosraviPresident & CEOFT$245,178$201,231$446,409
Kenneth KlingbeilSenior Branch ManagerFT$107,030$26,836$133,866
Karole MorikawaVP MarketingFT$113,251$19,503$132,754
Elsa PhamVP LendingFT$108,290$20,594$128,884
Paul LindsleyCFOFT$111,273$9,880$121,153
David ClarkIt ManagerFT$100,555$13,300$113,855

Board Members and Trustees

NameTitle
Robert ScalettaChair
Richard SilveriaVice Chair
Lashon Fischer-andersonVice Chair (final Term)
Carol CroteauDirector
Inderjit ChahalDirector
Johanna RochaDirector
Michael MedlinDirector
Roger SomerDirector
Jeoungrim ShinDirector (final Term)
Marie FurtadoSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Co-op Financial ServicesAtm Services9692 HAVEN AVE, Rancho Cucamonga, CA 91730$228,274
At&ttpxCommunications208 S AKARD ST, Dallas, TX 75202$209,743
FisVisa Processing7805 HUDSON RD, Woodbury, MN 55125$157,826
CubusHomebanking3049 INDEPENDENCE DR SUITE A, Livermore, CA 94551$135,967
FinastraData ProcessingPO BOX 535120, Atlanta, GA 30353$126,434
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,842,546
Investment Income
$4,835,779
Other Revenue
$0
Change in Net Assets
$1,671,023
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,635,445
Salaries, Compensation, and Employee Benefits$2,685,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,466,761
Benefits to Members---$686,178
Current Officers, Directors, Trustees, and Key Employees---$568,565
Occupancy---$557,626
Fees for Services Other---$343,643
Payroll Taxes---$300,943
Information Technology---$261,992
Other Employee Benefits---$243,021
Other Expenses---$175,957
Advertising---$169,115
All Other Expenses---$146,005
Pension Plan Contributions---$106,389
Office Expenses---$101,792
Insurance---$77,720
Travel---$61,180
Depreciation Depletion---$38,271
Total Functional Expenses$0$0$0$8,007,302
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$3,013,221$3,088,552▲ $75,331
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$190,168,383
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
No
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

“The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.”

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

“Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, or as vacancies arise, or otherwise.”

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

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”

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

“Form 990 is reviewed by the president/ceo for accuracy before filing with the irs. The board of directors reviews form 990 after it has been filed with the irs.”

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

“All vendor contracts are board approved. Management monitors and reports any conflicts to the ceo who then reports to the board of directors.”

Form 990, Part VI, Section B, Line 15A

“The ceo's salary is recommended to the board of directors by the ceo evaluation committee. Salary is determined based on achievement of goals set and a comparison with other ceo salaries in like cu's. The ceo sets salaries for management based on a performance appraisal. Ranges for positions are set based on a third party survey.”

Form 990, Part VI, Section C, Line 19

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

Filing and Contact Details

Filer

Filer Name
Pacific Postal Credit Union
EIN
94-0760540
Phone
4082758595
Address
1040 LEIGH AVENUE, SAN JOSE, CA 95126-4152

Signing Officer

Name
Fardad Khosravi
Title
President/CEO
Phone
4082758595
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fardad Khosravi
Formed
1931
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
33
Volunteers
12

Preparer

Firm
Rsm US Llp
Address
801 NICOLLET MALL WEST TOWER STE, 1100, MINNEAPOLIS, MN 55402-2526
Preparer
Kacie Mcewen
Phone
6123324300
Raw XML AppendixShowing 400 of 536 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/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10414300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11111273
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12100555
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13113251
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14107030
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15108290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR (FINAL TERM)
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR (FINAL TERM)
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt12IT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt14SENIOR BRANCH MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP LENDING
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01931
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09678325
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0261992
IRS990/InsuranceGrp/TotalAmt077720
IRS990/IntangibleAssetsGrp/BOYAmt0363269
IRS990/IntangibleAssetsGrp/EOYAmt0359623
IRS990/InvestmentIncomeGrp/ExclusionAmt04835779
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04835779
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0145127967
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0137439434
IRS990/IRPDocumentCnt02548
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04975864
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0546065
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0334071
IRS990/LandBldgEquipCostOrOtherBssAmt05309935
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PACIFIC POSTAL CREDIT UNION IS COMMITTED TO CREATING A BETTER LIFE FOR OUR MEMBER OWNERS BY BUILDING FINANCIAL PARTNERSHIPS AND PROVIDING COMPETITIVE SERVICES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt030926296
IRS990/NetAssetsOrFundBalancesEOYAmt029894432
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2702887
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0557626
IRS990/OfficeExpensesGrp/TotalAmt0101792
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011569556
IRS990/OtherAssetsTotalGrp/EOYAmt011897018
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0243021
IRS990/OtherExpensesGrp/Desc0INVESTMENT PREMIUM AMOR
IRS990/OtherExpensesGrp/Desc1LOAN/VISA EXPENSES
IRS990/OtherExpensesGrp/Desc2ATM EXPENSES
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt02141294
IRS990/OtherExpensesGrp/TotalAmt1321417
IRS990/OtherExpensesGrp/TotalAmt2239433
IRS990/OtherExpensesGrp/TotalAmt3175957
IRS990/OtherLiabilitiesGrp/BOYAmt0188596467
IRS990/OtherLiabilitiesGrp/EOYAmt0190168383
IRS990/OtherSalariesAndWagesGrp/TotalAmt01466761
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt057653924
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt064770610
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0300943
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0106389
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0498986
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0459026
IRS990/PrincipalOfficerNm0FARDAD KHOSRAVI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST FROM LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE & CHARGES INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc3DEBIT CARD INTERCHANGE INCOME
IRS990/ProgramServiceRevenueGrp/Desc4VISA INTERCHANGE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03439909
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1602917
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2321874
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3272154
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4159418
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03439909
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1649191
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2321874
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3272154
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4159418
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt046274
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDES DEPOSIT SERVICES TO MEMBERS AT LOWER THAN MARKET FEES. DURING 2018, MEMBERS INCREASED THEIR DEPOSIT ACCOUNTS BY $1,571,915 AND TOTAL MEMBERSHIP OF THE CREDIT UNION WAS 14,201 AT DECEMBER 31, 2018.
IRS990/ProgSrvcAccomActy3Grp/Desc0FOR THE YEAR ENDED DECEMBER 31, 2018 THE PERCENTAGE OF FEE INCOME EARNED AS A PERCENTAGE OF TOTAL INCOME WAS 10.07%, WHICH IS LESS THAN HALF OF THE INDUSTRY STANDARD.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0647552
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04121836
IRS990/PYOtherExpensesAmt03668185
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04275140
IRS990/PYRevenuesLessExpensesAmt01676268
IRS990/PYSalariesCompEmpBnftPaidAmt02404971
IRS990/PYTotalExpensesAmt06720708
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08396976
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt03013221
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt03088552
IRS990/ReconcilationRevenueExpnssAmt01671023
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt030926296
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt029894432
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0247515
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01563809
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01811324
IRS990ScheduleD/EquipmentGrp/BookValueAmt019539
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03412055
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03431594
IRS990ScheduleD/LandGrp/BookValueAmt067017
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt067017
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0785370
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11733210
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29378438
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INCOME
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0190168383
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt018956801
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1-4876067
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt26328835
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt325000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt425597000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt53373000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt688034865
IRS990ScheduleD/OtherSecuritiesGrp/Desc0DEPOSITS IN CORPORATE CREDIT UNIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENTS VAULUATION
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PREPAID INVESTMENT PREMIUMS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc4CD RATELINE
IRS990ScheduleD/OtherSecuritiesGrp/Desc5FNC
IRS990ScheduleD/OtherSecuritiesGrp/Desc6AVAILABLE FOR SALE INVESTMETNS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0334071
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011897018
IRS990ScheduleD/TotalBookValueSecuritiesAmt0137439434
IRS990ScheduleD/TotalLiabilityAmt0190168383
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$221,667,160
Liabilities
$191,772,728
Net assets
$29,894,432
Revenue
$9,678,325
Expenses
$8,007,302
Net income
$1,671,023
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$233$199$34.7$11.9$10.7$1.14
2023Detailed filing. Detailed filing data is available for this year.$237$204$32.5$10.5$9.02$1.50
2022Detailed filing. Detailed filing data is available for this year.$240$210$29.8$7.63$6.80$0.84
2021Detailed filing. Detailed filing data is available for this year.$256$220$35.9$6.86$6.06$0.80
2020Detailed filing. Detailed filing data is available for this year.$243$208$35.7$7.48$6.61$0.87
2019Detailed filing. Detailed filing data is available for this year.$224$190$33.9$10.0$8.88$1.16
2018Detailed filing. Detailed filing data is available for this year.$222$192$29.9$9.68$8.01$1.67
2017Detailed filing. Detailed filing data is available for this year.$221$190$30.9$8.40$6.72$1.68
2016Detailed filing. Detailed filing data is available for this year.$217$187$30.1$7.58$6.55$1.03
2015Detailed filing. Detailed filing data is available for this year.$215$185$29.8$6.75$5.97$0.78
2014Detailed filing. Detailed filing data is available for this year.$206$178$28.0$6.77$5.29$1.48
2013Detailed filing. Detailed filing data is available for this year.$200$175$25.3$7.77$6.49$1.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$202$175$27.4$6.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$188$164$23.5$5.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$189$166$23.1$6.84