Civic Intelligence

E-Central Credit Union

990 • Fiscal year 2022 • EIN 95-1442156

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 02, 2023

990 South Fair Oaks AvenuePasadena, CA 91105-2626

(626) 799-6000

Siviq Scores

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

Liabilities / Assets

11th percentile

0.81x

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

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

23rd percentile

16.62x

Higher debt load relative to revenue than 23% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Net Margin

63rd percentile

17%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$344,261

Higher top officer pay than 90% of similar nonprofits.

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

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Asset Growth

4th percentile

-5.9%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

3.9%

Faster revenue growth than 24% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Assets

Down

$182,628,434

Down $11,352,329 (-5.9%) from 2021

Net Assets

Up

$33,861,630

Up $1,557,143 (+4.8%) from 2021

Liabilities

Down

$148,766,804

Down $12,909,472 (-8.0%) from 2021

Revenue

Up

$8,949,930

Up $332,028 (+3.9%) from 2021

Expenses

Down

$7,392,790

Down $568,630 (-7.1%) from 2021

Net Income

Up

$1,557,140

Up $900,658 (+137%) from 2021

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

2022

Assets$182,628,434
Liabilities$148,766,804
Net Assets$33,861,630

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

2022

Revenue$8,949,930
Expenses$7,392,790
Net Income$1,557,140
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$8,949,930
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$112,812,723$149,374,635▲ $36,561,912
Rtn Earn Endowment Incm Other Fnds$32,304,487$33,861,630▲ $1,557,143
Savings and Temporary Cash Investments$69,806,415$24,656,857▼ $45,149,558
Land, Buildings, and Equipment, Net$4,425,899$4,231,633▼ $194,266
Receivables From Officers Etc$1,993,984$1,994,147▲ $163
Cash and Non-Interest-Bearing Accounts$286,977$272,391▼ $14,586
Prepaid Expenses and Deferred Charges$190,218$222,548▲ $32,330
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$193,980,763$182,628,434▼ $11,352,329
Other Assets Total$4,464,547$1,876,223▼ $2,588,324
Liabilities
Other Liabilities$160,443,829$146,857,443▼ $13,586,386
Accounts Payable and Accrued Expenses$1,232,447$1,909,361▲ $676,914
Total Liabilities$161,676,276$148,766,804▼ $12,909,472
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,304,487$33,861,630▲ $1,557,143
Total Liabilities and Net Assets / Fund Balance$193,980,763$182,628,434▼ $11,352,329

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,285,000-$3,285,000
Buildings$718,228$1,713,530$2,431,758
Equipment$114,901$1,003,410$1,118,311
Leasehold Improvements$113,504$522,203$635,707
Investment Program Related Org$8,971,237--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael TheodorePresident/CEOFT$257,308$86,953$344,261
Loh Jen SySVP/CCOFT$147,850$61,934$209,784
Susan BrownExec. Asst.FT$104,717$74,552$179,269
Jose DavilaVP of ItFT$110,232$52,806$163,038
Silvio JorgeVP/CFOFT$117,549$39,837$157,386
Evan HitchcockVP OpsFT$109,171$47,542$156,713
Jennifer GinSenior CLOFT$108,340$29,434$137,774
Dennis MagaldiSecretary/treasurer-$2,400-$2,400

Board Members and Trustees

NameTitle
Mark GarmusBoard Chairperson
Jon OliverSupv Cmte Chair
Dominick EdwardsBoard Vice Chairperson
Glenda Giles-luickDirector
Kenneth KasamatsuDirector
Richard HonoreDirector
Stephen HensonDirector
Trevor KaleDirector
Corbet WilcoxSupv Cmte Member
James GreenbaumSupv Cmte Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,372,629
Investment Income
$898,807
Other Revenue
$678,494
Change in Net Assets
$1,557,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,970,252
Salaries, Compensation, and Employee Benefits$3,422,538
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,442,141
Current Officers, Directors, Trustees, and Key Employees---$1,108,281
Office Expenses---$1,017,960
Information Technology---$750,201
Other Employee Benefits---$441,137
Occupancy---$354,851
Interest---$326,918
Pension Plan Contributions---$241,450
Depreciation Depletion---$226,509
Payroll Taxes---$189,529
Travel---$188,784
Advertising---$185,147
Insurance---$140,757
Fees for Services Other---$116,699
Fees for Services Accounting---$74,500
Fees for Services Legal---$59,672
Other Expenses---$30,908
Total Functional Expenses$0$0$0$7,392,790
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$1,993,984$1,994,147▲ $163
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares and Deposits$146,857,443
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
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 11B

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 SOUTH FAIR OAKS AVENUE, PASADENA, CA 91105-2626

Signing Officer

Name
Mike Theodore
Title
President/CEO
Phone
6267996000
Signed
2023-11-02
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
41
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.

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 should be recorded as a tax expense and liability in the current year. For the years ended march 31, 2023 and 2022, 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. The credit union is subject to and pays all state and city taxes on goods and services purchased by the credit union.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SUPV CMTE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SUPV CMTE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10SUPV CMTE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP/CCO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXEC. ASST.
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF IT
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OPS
IRS990/Form990PartVIISectionAGrp/TitleTxt17SENIOR CLO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01943
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08949930
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0750201
IRS990/InsuranceGrp/TotalAmt0140757
IRS990/InterestGrp/TotalAmt0326918
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0898807
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0898807
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0112812723
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0149374635
IRS990/IRPDocumentCnt01783
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt04425899
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04231633
IRS990/LandBldgEquipCostOrOtherBssAmt07470776
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/NetAssetsOrFundBalancesBOYAmt032304487
IRS990/NetAssetsOrFundBalancesEOYAmt033861630
IRS990/NetUnrelatedBusTxblIncmAmt016096
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0354851
IRS990/OfficeExpensesGrp/TotalAmt01017960
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04464547
IRS990/OtherAssetsTotalGrp/EOYAmt01876223
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0441137
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN & LE
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING
IRS990/OtherExpensesGrp/Desc2MISC OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc3OPERATING FEES
IRS990/OtherExpensesGrp/TotalAmt0243651
IRS990/OtherExpensesGrp/TotalAmt1182553
IRS990/OtherExpensesGrp/TotalAmt271142
IRS990/OtherExpensesGrp/TotalAmt330908
IRS990/OtherLiabilitiesGrp/BOYAmt0160443829
IRS990/OtherLiabilitiesGrp/EOYAmt0146857443
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER NON OPERATING IN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0678494
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0678494
IRS990/OtherRevenueTotalAmt0678494
IRS990/OtherSalariesAndWagesGrp/TotalAmt01442141
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0189529
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0241450
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0190218
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0222548
IRS990/PrincipalOfficerNm0MIKE THEODORE
IRS990/PriorPeriodAdjustmentsAmt03
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/RelatedOrExemptFuncIncomeAmt05644021
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11245894
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2437425
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05644021
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11266059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2462549
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt020165
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt125124
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 INCLUDES 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/PYInvestmentIncomeAmt0120281
IRS990/PYOtherExpensesAmt04268651
IRS990/PYOtherRevenueAmt0644072
IRS990/PYProgramServiceRevenueAmt07853549
IRS990/PYRevenuesLessExpensesAmt0656482
IRS990/PYSalariesCompEmpBnftPaidAmt03692769
IRS990/PYTotalExpensesAmt07961420
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08617902
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt01993984
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01994147
IRS990/ReconcilationRevenueExpnssAmt01557140
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt032304487
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt033861630
IRS990/SavingsAndTempCashInvstGrp/BOYAmt069806415
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024656857
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0718228
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01713530
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02431758
IRS990ScheduleD/EquipmentGrp/BookValueAmt0114901
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01003410
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01118311
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt03250000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1134523111
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21478254
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3426333
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4725700
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt58971237
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DEPOSITS IN COMMERCIAL BANKS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1LOANS AND LEASES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3PAID IN CAPITAL IN CORP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4ALL OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5HELD TO MATURITY DEBT SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5F
IRS990ScheduleD/LandGrp/BookValueAmt03285000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03285000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0113504
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0522203
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0635707
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0146857443
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 SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED MARCH 31, 2023 AND 2022, 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. THE CREDIT UNION IS SUBJECT TO AND PAYS ALL STATE AND CITY TAXES ON GOODS AND SERVICES PURCHASED BY THE CREDIT UNION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04231633
IRS990ScheduleD/TotalBookValueProgramRltdAmt0149374635
IRS990ScheduleD/TotalLiabilityAmt0146857443
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0257308
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1147850
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2117549
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3104717
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4110232
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5109171
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount012000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount120000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount210000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount317000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount410000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount515000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20

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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
Peer Organizations

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