Civic Intelligence

E-Central Credit Union

990 • Fiscal year 2014 • EIN 95-1442156

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 05, 2015

990 S Fair Oaks AvenuePasadena, CA 91105

(626) 799-6000

Siviq Scores

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

Liabilities / Assets

11th percentile

0.83x

Higher debt load relative to assets than 11% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

19th percentile

14.37x

Higher debt load relative to revenue than 19% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Net Margin

91st percentile

24%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$353,244

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Asset Growth

6th percentile

-1.5%

Faster asset growth than 6% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

2nd percentile

-12%

Faster revenue growth than 2% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Assets

Down

$158,838,313

Down $2,372,992 (-1.5%) from 2013

Net Assets

Up

$26,714,788

Up $2,181,536 (+8.9%) from 2013

Liabilities

Down

$132,123,525

Down $4,554,528 (-3.3%) from 2013

Revenue

Down

$9,197,430

Down $1,294,233 (-12%) from 2013

Expenses

Up

$7,026,197

Up $416,480 (+6.3%) from 2013

Net Income

Down

$2,171,233

Down $1,710,713 (-44%) from 2013

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $170,533,205Liabilities 2010: $154,571,872Net Assets 2010: $15,961,3332010Assets 2011: $166,690,132Liabilities 2011: $148,626,564Net Assets 2011: $18,063,5682011Assets 2012: $162,577,282Liabilities 2012: $141,911,030Net Assets 2012: $20,666,2522012Assets 2013: $161,211,305Liabilities 2013: $136,678,053Net Assets 2013: $24,533,2522013Assets 2014: $158,838,313Liabilities 2014: $132,123,525Net Assets 2014: $26,714,7882014Assets 2015: $158,147,603Liabilities 2015: $130,274,587Net Assets 2015: $27,873,0162015Assets 2016: $159,007,596Liabilities 2016: $130,277,171Net Assets 2016: $28,730,4252016Assets 2017: $157,947,609Liabilities 2017: $128,068,115Net Assets 2017: $29,879,4942017Assets 2018: $159,811,423Liabilities 2018: $129,152,217Net Assets 2018: $30,659,2062018Assets 2019: $168,256,764Liabilities 2019: $136,567,553Net Assets 2019: $31,689,2112019Assets 2020: $187,605,631Liabilities 2020: $155,957,626Net Assets 2020: $31,648,0052020Assets 2021: $193,980,763Liabilities 2021: $161,676,276Net Assets 2021: $32,304,4872021Assets 2022: $182,628,434Liabilities 2022: $148,766,804Net Assets 2022: $33,861,6302022Assets 2023: $172,452,151Liabilities 2023: $134,822,350Net Assets 2023: $37,629,8012023Assets 2024: $169,203,207Liabilities 2024: $130,799,866Net Assets 2024: $38,403,3412024

Highlighted filing

2014

Assets$158,838,313
Liabilities$132,123,525
Net Assets$26,714,788

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $14,680,6602010Expenses 2011: $7,311,6852011Expenses 2012: $6,679,1252012Revenue 2013: $10,491,663Expenses 2013: $6,609,717Net Income 2013: $3,881,9462013Revenue 2014: $9,197,430Expenses 2014: $7,026,197Net Income 2014: $2,171,2332014Revenue 2015: $8,163,647Expenses 2015: $7,004,506Net Income 2015: $1,159,1412015Revenue 2016: $8,114,893Expenses 2016: $7,257,389Net Income 2016: $857,5042016Revenue 2017: $8,612,779Expenses 2017: $7,463,811Net Income 2017: $1,148,9682017Revenue 2018: $8,821,797Expenses 2018: $8,042,041Net Income 2018: $779,7562018Revenue 2019: $9,443,419Expenses 2019: $8,413,414Net Income 2019: $1,030,0052019Revenue 2020: $8,455,835Expenses 2020: $8,497,041Net Income 2020: -$41,2062020Revenue 2021: $8,617,902Expenses 2021: $7,961,420Net Income 2021: $656,4822021Revenue 2022: $8,949,930Expenses 2022: $7,392,790Net Income 2022: $1,557,1402022Revenue 2023: $11,789,670Expenses 2023: $8,021,497Net Income 2023: $3,768,1732023Revenue 2024: $10,617,693Expenses 2024: $8,728,953Net Income 2024: $1,888,7402024

Highlighted filing

2014

Revenue$9,197,430
Expenses$7,026,197
Net Income$2,171,233
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 5, 2015
Return Version
2014v5.0
Gross Receipts
$9,197,430
Mission and Program Overview

Mission

E-central credit union is a cooperative, organized for the purpose of promoting thrift and saving among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, e-central credit union conducts its business for the mutual benefit and general welfare of its members with the earning, savings, benefits, or services of the credit union being distributed to its members as patrons.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$140,305,564$121,182,894▼ $19,122,670
Rtn Earn Endowment Incm Other Fnds$24,533,252$26,714,788▲ $2,181,536
Investments in Publicly Traded Securities$1,571,211$17,373,789▲ $15,802,578
Savings and Temporary Cash Investments$9,718,755$11,469,067▲ $1,750,312
Land, Buildings, and Equipment, Net$4,981,212$5,055,388▲ $74,176
Receivables From Officers Etc$1,271,962$1,238,238▼ $33,724
Cash and Non-Interest-Bearing Accounts$452,455$369,769▼ $82,686
Prepaid Expenses and Deferred Charges$144,630$208,531▲ $63,901
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$161,211,305$158,838,313▼ $2,372,992
Other Assets Total$2,765,516$1,940,637▼ $824,879
Liabilities
Other Liabilities$135,926,819$131,502,582▼ $4,424,237
Accounts Payable and Accrued Expenses$751,234$620,943▼ $130,291
Total Liabilities$136,678,053$132,123,525▼ $4,554,528
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,533,252$26,714,788▲ $2,181,536
Total Liabilities and Net Assets / Fund Balance$161,211,305$158,838,313▼ $2,372,992

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,285,000-$3,285,000
Buildings$1,209,141$1,591,416$2,800,557
Equipment$306,767$2,346,313$2,653,080
Leasehold Improvements$254,480$1,713,210$1,967,690
Investment Program Related Org$526,100--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael TheodorePresident/CEOFT$245,000$108,244$353,244
Richard WiseCFOFT$120,978$28,941$149,919
Susan BrownExecutive AssistantFT$104,529$18,697$123,226
James CaffertySecretary/treasurer-$2,400-$2,400

Board Members and Trustees

NameTitle
Mark GarmusChairman
Jon OliverSupv Cmte Chair
Dominick EdwardsVice Chairman
Glenda Giles-luickDirector
John DrewDirector
Richard HonoreDirector
Stephen HensonDirector
Corbet WilcoxSupv Cmte Member
William StewartSupv Cmte Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,272,608
Investment Income
$762,019
Other Revenue
$1,162,803
Change in Net Assets
$2,171,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,597,894
Other Expenses$3,428,303
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,125,930
Office Expenses---$1,056,949
Interest---$557,732
Other Employee Benefits---$544,975
Current Officers, Directors, Trustees, and Key Employees---$538,677
Depreciation Depletion---$489,494
Travel---$226,762
Payroll Taxes---$210,647
Information Technology---$190,441
Advertising---$188,906
Pension Plan Contributions---$177,665
Occupancy---$139,578
Fees for Services Other---$65,312
Fees for Services Legal---$61,728
Fees for Services Accounting---$54,949
Insurance---$23,453
Other Expenses---$17,726
Total Functional Expenses$0$0$0$7,026,197
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$1,271,962$1,238,238▼ $33,724
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares and Deposits$131,502,582
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

E-central credit union is a cooperative financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift and savings to its members. E-central credit union does not have stockholders.

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

The governing board of e-central credit union is comprised of volunteer members who are directly elected by its members. Each member of the governing board serves for a period as prescribed by our by-laws.

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

At the end of each term of the board members, elections are held and board members are voted by the members of the credit union pursuant to its by-laws. Member votes are also required to ratify decisions dealing with reorganizations as in the case of merger or dissolution.

Form 990, Part VI, Section B, Line 11

Each board member shall receive a completed draft of the form 990 for review prior to filing each year.

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

E-central cu regularly monitors and enforces compliance with the conflict of interest policy. On an annual basis the conflict of interest policy is reviewed and a copy is provided to employees. All employees are required to read and sign the receipt of the conflict of interest policy. As part of that review, all employees are to report to their managers of known family members that have accounts with the cu. Employees are restricted from having any access to their or a family members account. This is tested annually during the compliance portion of our audit.

Form 990, Part VI, Section B, Line 15

The process of determining compensation for the ceo is reviewed and completed by the board, and the process of determining compensation for top management officials and key employees is reviewed by the ceo. The cuna salary survey is used for comparability for industry standards and reasonableness.

Form 990, Part VI, Section C, Line 19

Monthly financial statements are posted in the building lobby and also made available upon request.

Filing and Contact Details

Filer

Filer Name
E-central Credit Union
EIN
95-1442156
Phone
6267996000
Address
990 S FAIR OAKS AVENUE, PASADENA, CA 91105

Signing Officer

Name
Mike Theodore
Title
President/CEO
Phone
6267996000
Signed
2015-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Theodore
Formed
1943
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
79
Volunteers
10

Preparer

Firm
Turner Warren Hwang & Conrad Acctcy
Address
100 NORTH FIRST ST STE 202, BURBANK, CA 91502
Preparer
Valentino Creus CPA
Phone
8189549700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has not changed either its selection process or oversight process during the tax year. See attached form 3115 for e-central credit union (95-1442156).

Financial Statement Notes

PART X, LINE 2:

Fasb asc 740-10-65, income taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the credit union's tax returns to determine whether the tax positions are "more likely than not" of being sustained "when challenged" or "when examined" by the applicable tax authority. Tax positions deemed to not meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. The credit union is not subject to examination by u.s. Federal tax authorities for tax years before 2011 and by state tax authorities for tax years before 2010. For the years ended march 31, 2015 and 2014, management has determined that the credit union has no material uncertain tax positions, and accordingly, the credit union has not recorded a liability for the payment of interest or penalties.

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IRS990/InvestmentsPubTradedSecGrp/EOYAmt017373789
IRS990/IRPDocumentCnt01777
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05650939
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04981212
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05055388
IRS990/LandBldgEquipCostOrOtherBssAmt010706327
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0E-CENTRAL CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVING AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, E-CENTRAL CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNING, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt024533252
IRS990/NetAssetsOrFundBalancesEOYAmt026714788
IRS990/NetUnrelatedBusTxblIncmAmt033589
IRS990/NetUnrlzdGainsLossesInvstAmt010303
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0139578
IRS990/OfficeExpensesGrp/TotalAmt01056949
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02765516
IRS990/OtherAssetsTotalGrp/EOYAmt01940637
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0544975
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1MISC OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc2OPERATING FEES
IRS990/OtherExpensesGrp/TotalAmt0211196
IRS990/OtherExpensesGrp/TotalAmt1144077
IRS990/OtherExpensesGrp/TotalAmt217726
IRS990/OtherLiabilitiesGrp/BOYAmt0135926819
IRS990/OtherLiabilitiesGrp/EOYAmt0131502582
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0PROVISION FOR LOAN LOS
IRS990/OtherRevenueMiscGrp/Desc1OTHER NON OPERATING IN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0755068
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1407735
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0755068
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1407735
IRS990/OtherRevenueTotalAmt01162803
IRS990/OtherSalariesAndWagesGrp/TotalAmt02125930
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0210647
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0177665
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0144630
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0208531
IRS990/PrincipalOfficerNm0MIKE THEODORE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05012433
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11481787
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2719286
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05012433
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11492128
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2768047
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt010341
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt148761
IRS990/ProgSrvcAccomActy2Grp/Desc0OFFERING A VAST ARRAY OF DYNAMIC ONLINE SERVICES IS CENTRAL TO E-CENTRAL'S STRATEGIC PLAN TO ALLOW MEMBERS TO ACCESS THEIR ACCOUNT ANYTIME, ANYWHERE. THIS IS AN IMPORTANT INITIATIVE TO REMAIN COMPETITIVE, IMPROVE OPERATIONAL EFFICIENCIES, AND TO RETAIN MEMBERS. OUR SUITE OF FREE E-SERVICES INCLUDE, ONLINE BANKING, MOBILE BANKING, BILL PAY, PERSONAL FINANCIAL MANAGEMENT TOOLS, ACCOUNT-TO-ACCOUNT TRANSFERS, REMOTE CHECK DEPOSIT AND A NUMBER OF OTHER SERVICES.
IRS990/ProgSrvcAccomActy3Grp/Desc0E-CENTRAL OFFERS A SUITE OF AFFORDABLE CHECKING ACCOUNTS THAT INCLUDE A NUMBER OF FREE SERVICES, SUCH AS DEBIT CARDS AND A SUITE OF ONLINE SERVICES. THE CREDIT UNION CONTINUES TO SEE CHECKING ACCOUNT PENETRATION INCREASE, CHECKING OVERALL BALANCES INCREASE AND DEBIT CARD TRANSACTIONS INCREASE EACH YEAR. MEMBERS VALUE OUR LOW-COST SOLUTION AS THEY LOOK TO SAVE MONEY EVERY DAY.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0758571
IRS990/PYOtherExpensesAmt03240777
IRS990/PYOtherRevenueAmt02582504
IRS990/PYProgramServiceRevenueAmt07150588
IRS990/PYRevenuesLessExpensesAmt03881946
IRS990/PYSalariesCompEmpBnftPaidAmt03368940
IRS990/PYTotalExpensesAmt06609717
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010491663
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01271962
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01238238
IRS990/ReconcilationRevenueExpnssAmt02171233
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt024533252
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt026714788
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09718755
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011469067
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01209141
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01591416
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02800557
IRS990ScheduleD/EquipmentGrp/BookValueAmt0306767
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02346313
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02653080
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt026946000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt190269172
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21322289
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt31693000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4426333
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5526100
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DEPOSITS IN COMMERCIAL BANKS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1LOANS AND LEASES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3LOANS TO AND INVESTMENTS IN NATURAL PERSON CREDIT UNIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4PAID IN CAPITAL IN CORP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5ALL OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5F
IRS990ScheduleD/LandGrp/BookValueAmt03285000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03285000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0254480
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01713210
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01967690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0131502582
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES AND DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED" OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. THE CREDIT UNION IS NOT SUBJECT TO EXAMINATION BY U.S. FEDERAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2011 AND BY STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2010. FOR THE YEARS ENDED MARCH 31, 2015 AND 2014, MANAGEMENT HAS DETERMINED THAT THE CREDIT UNION HAS NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05055388
IRS990ScheduleD/TotalBookValueProgramRltdAmt0121182894
IRS990ScheduleD/TotalLiabilityAmt0131502582
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0245000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount045000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt025222
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017252
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt020770
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL THEODORE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0353244
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt064833
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1829690
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2335511
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt38204
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3AUTO LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0132500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1860000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2345000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt315727
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MIKE THEODORE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1MIKE THEODORE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2RICK WISE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3RICK WISE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/TotalBalanceDueAmt01238238

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$169$131$38.4$10.6$8.73$1.89
2023Detailed filing. Detailed filing data is available for this year.$172$135$37.6$11.8$8.02$3.77
2022Detailed filing. Detailed filing data is available for this year.$183$149$33.9$8.95$7.39$1.56
2021Detailed filing. Detailed filing data is available for this year.$194$162$32.3$8.62$7.96$0.66
2020Detailed filing. Detailed filing data is available for this year.$188$156$31.6$8.46$8.50$0.04
2019Detailed filing. Detailed filing data is available for this year.$168$137$31.7$9.44$8.41$1.03
2018Detailed filing. Detailed filing data is available for this year.$160$129$30.7$8.82$8.04$0.78
2017Detailed filing. Detailed filing data is available for this year.$158$128$29.9$8.61$7.46$1.15
2016Detailed filing. Detailed filing data is available for this year.$159$130$28.7$8.11$7.26$0.86
2015Detailed filing. Detailed filing data is available for this year.$158$130$27.9$8.16$7.00$1.16
2014Detailed filing. Detailed filing data is available for this year.$159$132$26.7$9.20$7.03$2.17
2013Detailed filing. Detailed filing data is available for this year.$161$137$24.5$10.5$6.61$3.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$142$20.7$6.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$167$149$18.1$7.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$171$155$16.0$14.7