Civic Intelligence

Monterey Credit Union

990 • Fiscal year 2019 • EIN 94-6198351

Jan 01, 2019 to Dec 31, 2019 • Filed on Jan 11, 2021

Organization Profilewww.montereycu.com

View Organization Page

PO Box 3288Monterey, CA 93942

(831) 647-1000

Siviq Scores

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

Liabilities / Assets

24th percentile

0.85x

Higher debt load relative to assets than 24% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

16.15x

Higher debt load relative to revenue than 47% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Net Margin

30th percentile

8.5%

Higher net margin than 30% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

97th percentile

$559,681

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Asset Growth

34th percentile

2.4%

Faster asset growth than 34% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

1.3%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$248,930,559

Up $5,875,427 (+2.4%) from 2018

Net Assets

Up

$36,099,062

Up $2,476,128 (+7.4%) from 2018

Liabilities

Up

$212,831,497

Up $3,399,299 (+1.6%) from 2018

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin30th percentile

Revenue

Up

$13,180,417

Up $162,931 (+1.3%) from 2018

Expenses

Up

$12,060,121

Up $307,389 (+2.6%) from 2018

Net Income

Down

$1,120,296

Down $144,458 (-11%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$400M$300M$200M$100M$0Assets 2010: $171,718,150Liabilities 2010: $148,322,255Net Assets 2010: $23,395,8952010Assets 2011: $186,809,167Liabilities 2011: $160,796,220Net Assets 2011: $26,012,9472011Assets 2012: $205,503,717Liabilities 2012: $177,355,931Net Assets 2012: $28,147,7862012Assets 2013: $207,882,320Liabilities 2013: $179,888,190Net Assets 2013: $27,994,1302013Assets 2014: $214,150,999Liabilities 2014: $184,464,554Net Assets 2014: $29,686,4452014Assets 2015: $224,035,295Liabilities 2015: $193,324,715Net Assets 2015: $30,710,5802015Assets 2016: $231,987,286Liabilities 2016: $200,455,907Net Assets 2016: $31,531,3792016Assets 2017: $233,571,976Liabilities 2017: $201,058,603Net Assets 2017: $32,513,3732017Assets 2018: $243,055,132Liabilities 2018: $209,432,198Net Assets 2018: $33,622,9342018Assets 2019: $248,930,559Liabilities 2019: $212,831,497Net Assets 2019: $36,099,0622019Assets 2020: $286,321,494Liabilities 2020: $248,565,527Net Assets 2020: $37,755,9672020Assets 2021: $306,137,771Liabilities 2021: $269,475,434Net Assets 2021: $36,662,3372021Assets 2022: $299,185,113Liabilities 2022: $271,638,818Net Assets 2022: $27,546,2952022Assets 2023: $290,805,580Liabilities 2023: $264,087,555Net Assets 2023: $26,718,0252023Assets 2024: $315,430,888Liabilities 2024: $291,618,687Net Assets 2024: $23,812,2012024

Highlighted filing

2019

Assets$248,930,559
Liabilities$212,831,497
Net Assets$36,099,062
Open 2019 Filing

Operations Trend

Revenue Growth10th percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $11,240,9842010Expenses 2011: $10,798,7902011Expenses 2012: $10,674,0192012Revenue 2013: $11,966,537Expenses 2013: $10,244,574Net Income 2013: $1,721,9632013Revenue 2014: $11,774,602Expenses 2014: $10,728,455Net Income 2014: $1,046,1472014Revenue 2015: $12,000,660Expenses 2015: $10,509,382Net Income 2015: $1,491,2782015Revenue 2016: $12,191,245Expenses 2016: $10,827,505Net Income 2016: $1,363,7402016Revenue 2017: $12,559,404Expenses 2017: $11,371,842Net Income 2017: $1,187,5622017Revenue 2018: $13,017,486Expenses 2018: $11,752,732Net Income 2018: $1,264,7542018Revenue 2019: $13,180,417Expenses 2019: $12,060,121Net Income 2019: $1,120,2962019Revenue 2020: $11,834,259Expenses 2020: $11,176,794Net Income 2020: $657,4652020Revenue 2021: $11,609,483Expenses 2021: $10,573,160Net Income 2021: $1,036,3232021Revenue 2022: $12,967,037Expenses 2022: $11,452,496Net Income 2022: $1,514,5412022Revenue 2023: $13,414,494Expenses 2023: $14,469,997Net Income 2023: -$1,055,5032023Revenue 2024: $16,074,276Expenses 2024: $20,577,911Net Income 2024: -$4,503,6352024

Highlighted filing

2019

Revenue$13,180,417
Expenses$12,060,121
Net Income$1,120,296
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jan 11, 2021
Return Version
2019v5.0
Gross Receipts
$13,180,417
Mission and Program Overview

Mission

A financial cooperative, organized to provide a complete selection of financial products to our members, creating a source of credit at a rate of interest set by the Board of Directors, and providing an opportunity for the members to use and control their money on a democratic basis in order to improve their economic and social conditions. As a cooperative, Monterey Credit Union conducts its business for the mutual benefit of its members.

A cooperative, organized for the purpose of promoting thrift and savings among its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$168,637,672$173,039,765▲ $4,402,093
Investments in Publicly Traded Securities$55,110,137$58,526,130▲ $3,415,993
Rtn Earn Endowment Incm Other Fnds$33,622,934$36,099,062▲ $2,476,128
Savings and Temporary Cash Investments$11,011,111$9,125,908▼ $1,885,203
Receivables From Officers Etc$1,814,825$1,782,617▼ $32,208
Land, Buildings, and Equipment, Net$1,259,041$1,347,558▲ $88,517
Cash and Non-Interest-Bearing Accounts$1,277,300$1,249,909▼ $27,391
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$243,055,132$248,930,559▲ $5,875,427
Other Assets Total$3,945,046$3,858,672▼ $86,374
Liabilities
Other Liabilities$205,825,873$209,280,239▲ $3,454,366
Accounts Payable and Accrued Expenses$3,606,325$3,551,258▼ $55,067
Total Liabilities$209,432,198$212,831,497▲ $3,399,299
Net Assets / Fund Balance
Total Net Assets Fund Balance$33,622,934$36,099,062▲ $2,476,128
Total Liabilities and Net Assets / Fund Balance$243,055,132$248,930,559▲ $5,875,427

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$159,487$2,704,876$2,864,363
Equipment$372,811$2,285,431$2,658,242
Buildings$135,260$599,172$734,432
Land$680,000-$680,000
Investment Program Related Org$793,800--
Other Land Buildings$0$0$0
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
J Stewart FullerCEOFT$398,568$161,113$559,681
Matthew HohmanVP Financial ServicesFT$288,275$135,194$423,469
Earl MorrisVP Information SystemsFT$239,300$108,086$347,386
James E PenpraseVP FinanceFT$250,591$89,765$340,356
Kathy AliottiVP Member ServicesFT$226,781$113,574$340,355
Nancy CoxVP Human ResourcesFT$183,935$97,896$281,831
Heather MalafronteVP Human ResourcesFT$51,392$9,347$60,739

Board Members and Trustees

NameTitle
Pete TansillBoard Member - Chair
Fred CohnSupervisory Committee - Chair
Candice IngramBoard Member
David LaredoBoard Member
Jennifer ClarkBoard Member
Judy HiggersonBoard Member
Robbie BrandewieBoard Member
Tara TrautschBoard Member
William MerryBoard Member
Carl SedorykBoard Member - Secretary and Treasurer
James CalandraSupervisory Committee
Jean DjubasakSupervisory Committee
Joe MonzaSupervisory Committee
Sarah HardgraveSupervisory Committee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,790,038
Investment Income
$2,390,379
Other Revenue
$0
Change in Net Assets
$1,120,296

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,180,417
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$13,180,417
Total Revenue per Form 990
$13,180,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,526,453
Other Expenses$5,533,668
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,691,945
Current Officers, Directors, Trustees, and Key Employees---$1,961,462
Other Employee Benefits---$1,102,160
Occupancy---$732,543
Information Technology---$627,995
Office Expenses---$484,828
Pension Plan Contributions---$437,387
Interest---$401,514
Advertising---$340,839
Payroll Taxes---$333,499
All Other Expenses---$216,744
Depreciation Depletion---$195,568
Other Expenses---$125,741
Insurance---$120,185
Fees for Services Accounting---$117,820
Fees for Services Management---$69,288
Conferences and Meetings---$58,807
Travel---$53,901
Fees for Services Legal---$51,867
Fees for Services Other---$51,230
Total Functional Expenses$0$0$0$12,060,121

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,060,121
Total Expenses per Audited Statements$12,060,121
Total Expenses per Form 990$12,060,121
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,814,825$1,782,617▼ $32,208
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members' Shares$209,280,239
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Monterey Credit Union is a cooperative financial institution that is owned by its members and is organized to provide a complete selection of financial products to our members. Monterey Credit Union does not have stockholders.”

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

“The governing body of Monterey Credit Union is comprised of volunteer members who are directly elected by the membership at large as prescribed in our by-laws. The Credit Union's Board (Governing Body) is authorized by the membership that elects them to make decisions on their behalf. The members themselves do not approve significant decisions made by the Board. Planning, oversight and governance decisions are made primarily through our governing body, while management and operational decisions are made by the Officers of Monterey Credit Union.”

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

“A copy of the 990 and schedules are presented to the Board at the Board meeting for review. Changes and modifications are made prior to the final completion and filing of the return.”

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

“On an annual basis, the Credit Union requires all Board and Officers to disclose all accounts held at the Credit Union. All Board and Officer accounts are then flagged for special review by third party auditors. All new Directors and employees are also required to complete and sign the form upon their start date.”

Form 990, Part VI, Section B, Line 15

“The compensation for the CEO is set by the Board of Directors. The Board reviews the CEO's performance annually and prepares a formal written review of their findings. The Board also obtains an independent salary study, last prepared as of November 2019, which provides data for all Officer positions as well as other Credit Union positions. The Board reviews the CEO's salary and sets it as part of their deliberations. The CEO is given the authority by the Board to set all other Officer and employee salaries, and is subject to guidance provided within the independent salary study that is provided to the Board. The Board also approves the amounts to be paid, if any, to the Officers under the Credit Union's incentive plan, which is based on profitability.”

Form 990, Part VI, Section C, Line 19

“The Credit Union's governing documents and conflict of interest policy are available to the public upon request. The financial statements are posted on a monthly basis in the Credit Union's branches.”

Filing and Contact Details

Filer

Filer Name
Monterey Credit Union
EIN
94-6198351
Phone
8316471000
Address
PO Box 3288, Monterey, CA 93942

Signing Officer

Name
James Penprase
Title
VP Finance
Phone
8316473816
Signed
2021-01-11

Organization Details

Principal Officer
James E Penprase
Formed
1968
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
79
Volunteers
14
Supplemental Narrative

Additional Explanations

Form 990, Header, Line K

“Other Organization type: Credit Union”

Raw XML AppendixShowing 400 of 760 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/PersonNm18JEAN DJUBASAK
IRS990/Form990PartVIISectionAGrp/PersonNm19JOE MONZA
IRS990/Form990PartVIISectionAGrp/PersonNm20SARAH HARDGRAVE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0499688
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1376289
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2265898
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3292097
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4259524
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5220025
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt647942
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
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/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP FINANCIAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP INFORMATION SYSTEMS
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP MEMBER SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER - SECRETARY AND TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER - CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SUPERVISORY COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17SUPERVISORY COMMITTEE - CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18SUPERVISORY COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19SUPERVISORY COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20SUPERVISORY COMMITTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt013180417
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt010
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0627995
IRS990/InsuranceGrp/TotalAmt0120185
IRS990/InterestGrp/TotalAmt0401514
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02390379
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02390379
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0168637672
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0173039765
IRS990/InvestmentsPubTradedSecGrp/BOYAmt055110137
IRS990/InvestmentsPubTradedSecGrp/EOYAmt058526130
IRS990/IRPDocumentCnt01637
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05589479
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01259041
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01347558
IRS990/LandBldgEquipCostOrOtherBssAmt06937037
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0A financial cooperative, organized to provide a complete selection of financial products to our members, creating a source of credit at a rate of interest set by the Board of Directors, and providing an opportunity for the members to use and control their money on a democratic basis in order to improve their economic and social conditions. As a cooperative, Monterey Credit Union conducts its business for the mutual benefit of its members.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt033622934
IRS990/NetAssetsOrFundBalancesEOYAmt036099062
IRS990/NetUnrelatedBusTxblIncmAmt0-28225
IRS990/NetUnrlzdGainsLossesInvstAmt01355832
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0732543
IRS990/OfficeExpensesGrp/TotalAmt0484828
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03945046
IRS990/OtherAssetsTotalGrp/EOYAmt03858672
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01102160
IRS990/OtherExpensesGrp/Desc0ATM and Debit Card processing
IRS990/OtherExpensesGrp/Desc1Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc2Loan Processing Expense
IRS990/OtherExpensesGrp/Desc3Operating Losses
IRS990/OtherExpensesGrp/TotalAmt0412041
IRS990/OtherExpensesGrp/TotalAmt11361122
IRS990/OtherExpensesGrp/TotalAmt2111635
IRS990/OtherExpensesGrp/TotalAmt3125741
IRS990/OtherLiabilitiesGrp/BOYAmt0205825873
IRS990/OtherLiabilitiesGrp/EOYAmt0209280239
IRS990/OtherOrganizationDsc0State Chartered Credit Union
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt02691945
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0333499
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0437387
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0James E Penprase
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07919925
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12167108
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2671454
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07919925
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12198659
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2671454
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt131551
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0Successful provision of savings and checking products, which allows our members to fulfill their personal financial needs.
IRS990/ProgSrvcAccomActy3Grp/Desc0Successful provision of delivery channels to meet the varying needs of our members; including branches, ATMs and other remote means of accessing the Credit Union's financial products.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02333025
IRS990/PYOtherExpensesAmt05382010
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt010684461
IRS990/PYRevenuesLessExpensesAmt01264754
IRS990/PYSalariesCompEmpBnftPaidAmt06370722
IRS990/PYTotalExpensesAmt011752732
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013017486
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01814825
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01782617
IRS990/ReconcilationRevenueExpnssAmt01120296
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt033622934
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt036099062
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011011111
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09125908
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0135260
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0599172
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0734432
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0372811
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02285431
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$248,930,559
Liabilities
$212,831,497
Net assets
$36,099,062
Revenue
$13,180,417
Expenses
$12,060,121
Net income
$1,120,296
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$315$292$23.8$16.1$20.6$4.50
2023Detailed filing. Detailed filing data is available for this year.$291$264$26.7$13.4$14.5$1.06
2022Detailed filing. Detailed filing data is available for this year.$299$272$27.5$13.0$11.5$1.51
2021Detailed filing. Detailed filing data is available for this year.$306$269$36.7$11.6$10.6$1.04
2020Detailed filing. Detailed filing data is available for this year.$286$249$37.8$11.8$11.2$0.66
2019Detailed filing. Detailed filing data is available for this year.$249$213$36.1$13.2$12.1$1.12
2018Detailed filing. Detailed filing data is available for this year.$243$209$33.6$13.0$11.8$1.26
2017Detailed filing. Detailed filing data is available for this year.$234$201$32.5$12.6$11.4$1.19
2016Detailed filing. Detailed filing data is available for this year.$232$200$31.5$12.2$10.8$1.36
2015Detailed filing. Detailed filing data is available for this year.$224$193$30.7$12.0$10.5$1.49
2014Detailed filing. Detailed filing data is available for this year.$214$184$29.7$11.8$10.7$1.05
2013Detailed filing. Detailed filing data is available for this year.$208$180$28.0$12.0$10.2$1.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$206$177$28.1$10.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$187$161$26.0$10.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$172$148$23.4$11.2