Civic Intelligence

Credit Unions in the State of California

990 • Fiscal year 2016 • EIN 94-1384575

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 22, 2017

Organization Profilewww.valleyoak.org

View Organization Page

40870 Sierra DriveThree Rivers, CA 93271

(559) 561-1420

Siviq Scores

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

Liabilities / Assets

1st percentile

0.00x

Higher debt load relative to assets than 1% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

1st percentile

0.05x

Higher debt load relative to revenue than 1% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

12th percentile

-1.1%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

16th percentile

$100,762

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

33rd percentile

2.1%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

12%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$50,790,578

Up $1,045,272 (+2.1%) from 2015

Net Assets

Up

$50,633,564

Up $1,113,463 (+2.2%) from 2015

Liabilities

Down

$157,014

Down $68,191 (-30%) from 2015

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin12th percentile

Revenue

Up

$3,220,236

Up $337,179 (+12%) from 2015

Expenses

Up

$3,254,347

Up $411,111 (+14%) from 2015

Net Income

Down

-$34,111

Down $73,932 (-186%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$80M$60M$40M$20M$0-$20MAssets 2010: $50,217,973Liabilities 2010: $215,055Net Assets 2010: $50,002,9182010Assets 2011: $47,142,991Liabilities 2011: $223,040Net Assets 2011: $46,919,9512011Assets 2012: $46,704,810Liabilities 2012: $441,559Net Assets 2012: $46,263,2512012Assets 2013: $45,276,148Liabilities 2013: $300,699Net Assets 2013: $44,975,4492013Assets 2014: $46,331,038Liabilities 2014: $290,810Net Assets 2014: $46,040,2282014Assets 2015: $49,745,306Liabilities 2015: $225,205Net Assets 2015: $49,520,1012015Assets 2016: $50,790,578Liabilities 2016: $157,014Net Assets 2016: $50,633,5642016Assets 2017: $52,435,353Liabilities 2017: $611,156Net Assets 2017: $51,824,1972017Assets 2018: $51,241,207Liabilities 2018: -$284,283Net Assets 2018: $51,525,4902018Assets 2019: $51,766,088Liabilities 2019: $247,985Net Assets 2019: $51,518,1032019Assets 2020: $63,313,857Liabilities 2020: $375,915Net Assets 2020: $62,937,9422020Assets 2021: $75,188,148Liabilities 2021: $302,901Net Assets 2021: $74,885,2472021Assets 2022: $76,265,916Liabilities 2022: $70,981,119Net Assets 2022: $5,284,7972022Assets 2023: $78,284,383Liabilities 2023: $72,942,694Net Assets 2023: $5,341,6892023Assets 2024: $78,163,678Liabilities 2024: $72,925,398Net Assets 2024: $5,238,2802024

Highlighted filing

2016

Assets$50,790,578
Liabilities$157,014
Net Assets$50,633,564
Open 2016 Filing

Operations Trend

Revenue Growth85th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,912,6872010Expenses 2011: $3,096,1912011Expenses 2012: $2,655,1712012Revenue 2013: $3,019,332Expenses 2013: $2,765,535Net Income 2013: $253,7972013Revenue 2014: $2,694,651Expenses 2014: $2,900,270Net Income 2014: -$205,6192014Revenue 2015: $2,883,057Expenses 2015: $2,843,236Net Income 2015: $39,8212015Revenue 2016: $3,220,236Expenses 2016: $3,254,347Net Income 2016: -$34,1112016Revenue 2017: $3,188,490Expenses 2017: $3,480,184Net Income 2017: -$291,6942017Revenue 2018: $3,265,608Expenses 2018: $3,169,602Net Income 2018: $96,0062018Revenue 2019: $2,895,994Expenses 2019: $2,778,912Net Income 2019: $117,0822019Revenue 2020: $2,642,912Expenses 2020: $2,571,248Net Income 2020: $71,6642020Revenue 2021: $2,690,668Expenses 2021: $2,215,676Net Income 2021: $474,9922021Revenue 2022: $3,336,376Expenses 2022: $2,527,554Net Income 2022: $808,8222022Revenue 2023: $3,793,173Expenses 2023: $3,623,070Net Income 2023: $170,1032023Revenue 2024: $4,101,428Expenses 2024: $4,283,435Net Income 2024: -$182,0072024

Highlighted filing

2016

Revenue$3,220,236
Expenses$3,254,347
Net Income-$34,111
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 22, 2017
Return Version
2016v3.0
Gross Receipts
$3,220,313
Mission and Program Overview

Mission

To provide affordable banking products through excellent member service and well-trained professional staff to our members and the communities we serve.

To provide excellent member service through well trained professional personnel by offering good loan rates and a safe-haven for deposits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$44,491,245$45,638,819▲ $1,147,574
Other Notes and Loans Receivable, Net$36,611,334$39,067,664▲ $2,456,330
Savings and Temporary Cash Investments$8,475,718$6,450,643▼ $2,025,075
Rtn Earn Endowment Incm Other Fnds$5,028,856$4,994,745▼ $34,111
Land, Buildings, and Equipment, Net$2,447,285$2,419,502▼ $27,783
Cash and Non-Interest-Bearing Accounts$1,131,285$1,483,464▲ $352,179
Prepaid Expenses and Deferred Charges$340,564$474,534▲ $133,970
Accounts Receivable$76,654$44,734▼ $31,920
Receivables From Officers Etc$6,869$42,147▲ $35,278
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$49,745,306$50,790,578▲ $1,045,272
Other Assets Total$655,597$807,890▲ $152,293
Liabilities
Accounts Payable and Accrued Expenses$225,205$157,014▼ $68,191
Total Liabilities$225,205$157,014▼ $68,191
Net Assets / Fund Balance
Total Net Assets Fund Balance$49,520,101$50,633,564▲ $1,113,463
Total Liabilities and Net Assets / Fund Balance$49,745,306$50,790,578▲ $1,045,272

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,007,593$290,983-
Land$280,193--
Equipment$131,714$658,626-
Leasehold Improvements$2$5,808-
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Alan CortumCEOFT$100,762$100,762
Paul SchieleCFOFT$72,967$72,967
Kiersten VaughanVice PresidentFT$71,294$71,294

Board Members and Trustees

NameTitle
Kathleen HulseyChairman
Arthur OgawaDirector
Frederick ChappellDirector
Gunnar SheltonDirector
Michael GunningSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,901,970
Investment Income
$62,101
Other Revenue
$256,165
Change in Net Assets
$-34,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,910,171
Salaries, Compensation, and Employee Benefits$1,236,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$786,905
Information Technology$420,365$229,274-$649,639
Office Expenses---$245,519
Current Officers, Directors, Trustees, and Key Employees---$245,023
Occupancy---$130,322
Benefits to Members$107,601--$107,601
Other Employee Benefits---$97,339
Payroll Taxes---$89,133
Other Expenses$122,078--$83,888
Advertising---$68,761
Insurance---$57,370
Depreciation Depletion---$44,093
Travel---$38,670
Fees for Services Accounting---$36,000
Pension Plan Contributions---$18,175
Fees for Services Legal---$1,440
Total Functional Expenses$650,044$229,274$0$3,254,347
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$6,869$42,147▲ $35,278
Receivables from Disqualified Persons-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Process of organizational review of 990 report - board approved report at monthly meeting once completed by CFO. After board approval, CFO sends to IRS.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“CEO under yearly contract which performance reviewed within contract guidelines by board. Other key employees performance evaluation by CEO at employee annual calendar anniversary date. Key employee compensation payrate determined by factors using performance pro software.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Current month's "Statement of Condition" and "Income Statement" posted at each branch location and is available for member's review. Other documents are available upon request.”

Part VI Line 19

“Current month "Statement of Condition" and "Income Statement" posted at each branch location available for member review. Other documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Valley Oak Credit Union
EIN
94-1384575
Phone
5595611420
Address
40870 Sierra Drive, Three Rivers, CA 93271

Signing Officer

Name
Paul Schiele
Title
CFO
Signed
2017-06-22

Organization Details

Formed
1944
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
31
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“OTHER PROGRAM SERVICES 4: *CODE 522100 - Share Draft Program Expenses $131,352 Revenue $278,102 Grant $0Offering members 4 types of checking accounts with additional services such as courtesy pay, overdraft protections, and debit card options.Note: Revenue includes courtesy pay, NSF and overdraft fees.”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Other change in Assets = $1147574”

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“No Changes from previous year”

Part XI line 5

“Net change in assets variance mainly due to increase in member loan balances and cash on hand offset by decreases in investment balances. Change amount (1,147,574)”

Financial Statement Notes

Part X : FIN48 Footnote

“Completed Fin 48 footnote - no potential tax liability”

Raw XML AppendixShowing 400 of 459 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/OtherAssetsTotalGrp/EOYAmt0807890
IRS990/OtherChangesInNetAssetsAmt01147574
IRS990/OtherEmployeeBenefitsGrp/TotalAmt097339
IRS990/OtherExpensesGrp/Desc0Loan Loss Expense
IRS990/OtherExpensesGrp/Desc1Loan Servicing
IRS990/OtherExpensesGrp/Desc2DFI, ASI, FTB Expense
IRS990/OtherExpensesGrp/ProgramServicesAmt0122078
IRS990/OtherExpensesGrp/TotalAmt0432391
IRS990/OtherExpensesGrp/TotalAmt1122078
IRS990/OtherExpensesGrp/TotalAmt283888
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0Fee Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0216703
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0256165
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt039462
IRS990/OtherRevenueTotalAmt0256165
IRS990/OtherSalariesAndWagesGrp/TotalAmt0786905
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt036611334
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt039067664
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt089133
IRS990/PensionPlanContributionsGrp/TotalAmt018175
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0340564
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0474534
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0Debit / ATM
IRS990/ProgramServiceRevenueGrp/Desc1Loans Interest
IRS990/ProgramServiceRevenueGrp/Desc2Share Draft
IRS990/ProgramServiceRevenueGrp/Desc3Shares
IRS990/ProgramServiceRevenueGrp/Desc4Visa Program
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0288542
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12324148
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2230942
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt347159
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0299721
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12324148
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2230942
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt347159
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt011179
IRS990/ProgSrvcAccomActy2Grp/Desc0*CODE 522100 - Share Draft Program Expenses $131,352 Revenue $278,102 Grant $0Offering members 4 types of checking accounts with additional services such as courtesy pay, overdraft protections, and debit card options.Note: Revenue includes courtesy pay, NSF and overdraft fees.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0131352
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0278102
IRS990/ProgSrvcAccomActy3Grp/Desc0*CODE 522291 - Loan Program Expense $122,078 Revenue $2,324,148 Grant $0Main focus of member loans on new and used autos and other consumer loans,Note: Expense excludes loan loss provision - Revenue only includes loan interest income.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0122078
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt02324148
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0110341
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt074856
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01539439
IRS990/PYOtherRevenueAmt0197901
IRS990/PYProgramServiceRevenueAmt02610300
IRS990/PYRevenuesLessExpensesAmt039821
IRS990/PYSalariesCompEmpBnftPaidAmt01193456
IRS990/PYTotalExpensesAmt02843236
IRS990/PYTotalRevenueAmt02883057
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt06869
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt042147
IRS990/ReconcilationRevenueExpnssAmt0-34111
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0299721
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05028856
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04994745
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08475718
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06450643
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02007593
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0290983
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02298576
IRS990ScheduleD/EquipmentGrp/BookValueAmt0131714
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0658626
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0790340
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0280193
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0280193
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05808
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt05810
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Completed Fin 48 footnote - no potential tax liability
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02419502
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0413
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt115180
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt224943
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3447
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt41164
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Visa
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Vehicle
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Vehicle
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt07000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt120500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt227090
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt36500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt412500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Kiersten Vaughan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Kiersty Vaughan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Michael Gunning
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3Michael Gunning
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4Frederick Chappell
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Officer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Officer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/TotalBalanceDueAmt042147
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: *CODE 522100 - Share Draft Program Expenses $131,352 Revenue $278,102 Grant $0Offering members 4 types of checking accounts with additional services such as courtesy pay, overdraft protections, and debit card options.Note: Revenue includes courtesy pay, NSF and overdraft fees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Process of organizational review of 990 report - board approved report at monthly meeting once completed by CFO. After board approval, CFO sends to IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CEO under yearly contract which performance reviewed within contract guidelines by board. Other key employees performance evaluation by CEO at employee annual calendar anniversary date. Key employee compensation payrate determined by factors using performance pro software.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Current month's "Statement of Condition" and "Income Statement" posted at each branch location and is available for member's review. Other documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other change in Assets = $1147574
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No Changes from previous year
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Current month "Statement of Condition" and "Income Statement" posted at each branch location available for member review. Other documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Net change in assets variance mainly due to increase in member loan balances and cash on hand offset by decreases in investment balances. Change amount (1,147,574)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2: Change of Oversight or Selection Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part XI line 5
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,790,578
Liabilities
$157,014
Net assets
$50,633,564
Revenue
$3,220,236
Expenses
$3,254,347
Net income
-$34,111
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$78.2$72.9$5.24$4.10$4.28$0.18
2023Detailed filing. Detailed filing data is available for this year.$78.3$72.9$5.34$3.79$3.62$0.17
2022Detailed filing. Detailed filing data is available for this year.$76.3$71.0$5.28$3.34$2.53$0.81
2021Detailed filing. Detailed filing data is available for this year.$75.2$0.30$74.9$2.69$2.22$0.47
2020Detailed filing. Detailed filing data is available for this year.$63.3$0.38$62.9$2.64$2.57$0.07
2019Detailed filing. Detailed filing data is available for this year.$51.8$0.25$51.5$2.90$2.78$0.12
2018Detailed filing. Detailed filing data is available for this year.$51.2$0.28$51.5$3.27$3.17$0.10
2017Detailed filing. Detailed filing data is available for this year.$52.4$0.61$51.8$3.19$3.48$0.29
2016Detailed filing. Detailed filing data is available for this year.$50.8$0.16$50.6$3.22$3.25$0.03
2015Detailed filing. Detailed filing data is available for this year.$49.7$0.23$49.5$2.88$2.84$0.04
2014Detailed filing. Detailed filing data is available for this year.$46.3$0.29$46.0$2.69$2.90$0.21
2013Detailed filing. Detailed filing data is available for this year.$45.3$0.30$45.0$3.02$2.77$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.7$0.44$46.3$2.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.1$0.22$46.9$3.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.2$0.22$50.0$2.91