ADDITION FINANCIAL CREDIT UNION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- ADDITION FINANCIAL CREDIT UNION (EIN 59-0678236)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-18
- IRS object ID
- 202322919349300007
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-18T12:23:18-04:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 592164330 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Gerald E Creasman CPA PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9200 S Dadeland Blvd Suite 504 | AddressLine1Txt |
| City | Miami | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33156 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590678236 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADDITION FINANCIAL CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ADDI | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 PRIMERA BLVD | AddressLine1Txt |
| City | LAKE MARY | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32746 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | QING LU | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4077081695 | PhoneNum |
| Signature | 2023-05-04 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | QING | PersonFirstNm |
| Person Last | LU | PersonLastNm |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Gerald E Creasman CPA | PreparerPersonNm |
| PTIN | P00428587 | PTIN |
| Phone | 3055960903 | PhoneNum |
| Preparation | 2023-10-18 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| OOB Security Verification | 00 | OOBSecurityVerificationCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | QING LU CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KEVIN MILLER | PrincipalOfficerNm |
| Gross Receipts | $224,932,364 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | ADDITION FINANCIAL CREDIT UNION IS COMMITTED TO HELPING MEMBERS ACHIEVE THEIR MONEY MANAGEMENT GOALS | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 803 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $1,075,060 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $68,828,526 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $82,655,221 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,211,689 | PYInvestmentIncomeAmt |
| CY Investment Income | $10,359,023 | CYInvestmentIncomeAmt |
| PY Other Revenue | $31,938,206 | PYOtherRevenueAmt |
| CY Other Revenue | $33,502,560 | CYOtherRevenueAmt |
| PY Total Revenue | $109,978,421 | PYTotalRevenueAmt |
| CY Total Revenue | $126,516,804 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $40,396,930 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $44,500,572 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $43,953,146 | PYOtherExpensesAmt |
| CY Other Expenses | $59,058,037 | CYOtherExpensesAmt |
| PY Total Expenses | $84,350,076 | PYTotalExpensesAmt |
| CY Total Expenses | $103,558,609 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $25,628,345 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $22,958,195 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,609,326,648 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,764,171,874 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,359,972,290 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,542,381,750 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $249,354,358 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $221,790,124 | NetAssetsOrFundBalancesEOYAmt |
| Mission | ADDITION FINANCIAL CREDIT UNION IS COMMITTED TO HELPING MEMBERS ACHIEVE THEIR MONEY MANAGEMENT GOALS | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $103,558,609 | ExpenseAmt |
| Desc | EXPENSES INCURRED FOR CREDT UNION OPERATIONS AND MEMBERS | Desc |
| Total Program Service Expenses | $103,558,609 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 33146 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 803 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | QING LU CFO | PersonNm |
| Phone | 4077081695 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 PRIMERA BLVD | AddressLine1Txt |
| City | LAKE MARY | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32746 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| KEVIN MILLER | |||||||||
| PRESIDENT & CEO | 50.00 | 0.00 | Yes (X) | Yes (X) | $827,367 | $0 | $48,747 | ||
| KEVIN J DOUGHERTY | |||||||||
| COO | 50.00 | 0.00 | Yes (X) | $365,947 | $0 | $25,877 | |||
| JIM RYCHLICKI | |||||||||
| CFO | 50.00 | 0.00 | $366,627 | $0 | $21,881 | Yes (X) | |||
| SAMUEL M NELSON | |||||||||
| CAOGENERAL COUNSEL | 50.00 | 0.00 | Yes (X) | $327,512 | $0 | $37,443 | |||
| KEVIN S WRIGHT | |||||||||
| CIO | 50.00 | 0.00 | Yes (X) | $331,154 | $0 | $30,617 | |||
| LINH DANG | |||||||||
| CHIEF DEV OFFICER | 50.00 | 0.00 | $299,344 | $0 | $24,957 | Yes (X) | |||
| MIRIAM MITCHELL | |||||||||
| CHIEF LENDING OFFICER | 50.00 | 0.00 | Yes (X) | $246,611 | $0 | $32,831 | |||
| JOSEPH A MACLAREN | |||||||||
| GENERAL COUNSEL | 50.00 | 0.00 | Yes (X) | $228,694 | $0 | $31,837 | |||
| MATTHEW J WALSH | |||||||||
| VP IT | 50.00 | 0.00 | Yes (X) | $172,052 | $0 | $29,777 | |||
| ROBERT J KINDERMANN | |||||||||
| SVP HUMAN RES | 50.00 | 0.00 | Yes (X) | $166,279 | $0 | $26,464 | |||
| SHIRLEY A SHOEMAKER | |||||||||
| SVP OPERATIONS | 50.00 | 0.00 | Yes (X) | $170,196 | $0 | $20,403 | |||
| STEWART GRASHOFF | |||||||||
| VP BUSINESS SERVICES | 50.00 | 0.00 | Yes (X) | $162,146 | $0 | $22,501 | |||
| NORA RODRIGUEZ-PATTERSON | |||||||||
| CCO | 50.00 | 0.00 | Yes (X) | $160,735 | $0 | $22,942 | |||
| QING LU | |||||||||
| CFO | 50.00 | 0.00 | Yes (X) | $89,600 | $0 | $816 | |||
| RICHARD L COLLINS | |||||||||
| CHAIR | 10.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| ERROL GREENE | |||||||||
| 1ST VICE CHAIR | 10.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| MARY LYNN WILLIAMS | |||||||||
| DIRECTOR | 10.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| JANET E BUSH | |||||||||
| SECRETARY | 10.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| RONALD PERSON | |||||||||
| DIRECTOR | 10.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| DALE C KELLY | |||||||||
| 2ND VICE CHAIR | 10.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| NAVAL MODANI | |||||||||
| TREASURER | 10.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,914,264 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $377,093 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 13 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| ServicesServicesDesc | CompensationCompensationAmt |
|---|---|
| CHLIC-CHATTANOOGA EASC-CIGNA | |
| MEDICAL INSURANCE | $6,466,987 |
| JACK HENRY ASSOCIATES INC | |
| DATA PROCESSING | $1,999,796 |
| BACKBASE USE INC | |
| ONLINE BANKING | $1,774,537 |
| NCUA | |
| REGULATORY | $1,316,404 |
| GREENHOUSE INC | |
| MAEKETING | $896,113 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INCOME FROM LOANS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $82,655,221 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $82,655,221 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $82,655,221 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,668,145 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,668,145 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $92,657,285 | SecuritiesAmt |
| Other | $5,449,153 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $98,415,560 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$5,758,275 | SecuritiesAmt |
| Other | $5,449,153 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$309,122 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$309,122 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| FEES & CHARGES | 900099 | $12,386,604 | $12,386,604 | |
| MISC INCOME | 900099 | $21,115,956 | $20,040,896 | $1,075,060 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $33,502,560 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $126,516,804 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $125,441,744 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,075,060 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,591,466 | TotalAmt |
| Program Services | $2,591,466 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,032,575 | TotalAmt |
| Program Services | $33,032,575 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,249,967 | TotalAmt |
| Program Services | $1,249,967 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,210,472 | TotalAmt |
| Program Services | $5,210,472 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,416,092 | TotalAmt |
| Program Services | $2,416,092 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $447,221 | TotalAmt |
| Program Services | $447,221 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $276,748 | TotalAmt |
| Program Services | $276,748 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,909,582 | TotalAmt |
| Program Services | $5,909,582 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,134,923 | TotalAmt |
| Program Services | $4,134,923 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $804,549 | TotalAmt |
| Program Services | $804,549 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,177,786 | TotalAmt |
| Program Services | $2,177,786 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,513,463 | TotalAmt |
| Program Services | $5,513,463 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,279 | TotalAmt |
| Program Services | $122,279 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SEE ATTACHED | Desc |
| Total | $39,671,486 | TotalAmt |
| Program Services | $39,671,486 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,558,609 | TotalAmt |
| Program Services | $103,558,609 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $196,209,672 | BOYAmt |
| EOY | $159,727,123 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,044,803 | BOYAmt |
| EOY | $398,438 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,812,554,760 | BOYAmt |
| EOY | $2,006,007,543 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,950 | BOYAmt |
| EOY | $6,650 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,537,874 | BOYAmt |
| EOY | $2,952,517 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $128,546,094 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $55,680,288 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,988,902 | BOYAmt |
| EOY | $72,865,806 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $442,758,215 | BOYAmt |
| EOY | $436,009,396 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,212,472 | BOYAmt |
| EOY | $86,204,401 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,609,326,648 | BOYAmt |
| EOY | $2,764,171,874 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,003,216 | BOYAmt |
| EOY | $22,178,627 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,500,000 | BOYAmt |
| EOY | $152,500,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,304,469,074 | BOYAmt |
| EOY | $2,367,703,123 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,359,972,290 | BOYAmt |
| EOY | $2,542,381,750 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $249,354,358 | BOYAmt |
| EOY | $221,790,124 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $249,354,358 | BOYAmt |
| EOY | $221,790,124 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,609,326,648 | BOYAmt |
| EOY | $2,764,171,874 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $22,958,195 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$50,522,429 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,238,760 | OtherCostOrOtherBasisAmt |
| Book Value | $22,238,760 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $57,365,856 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,217,767 | DepreciationAmt |
| Book Value | $36,148,089 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $946,068 | OtherCostOrOtherBasisAmt |
| Depreciation | $273,788 | DepreciationAmt |
| Book Value | $672,280 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $40,968,113 | OtherCostOrOtherBasisAmt |
| Depreciation | $34,188,733 | DepreciationAmt |
| Book Value | $6,779,380 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,027,297 | OtherCostOrOtherBasisAmt |
| Book Value | $7,027,297 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $72,865,806 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| FED AGENCY | $281,784,711 | F |
| CORPORATE BONDS | $110,425,763 | F |
| CUSO INVESTMENTS | $7,389,840 | C |
| FHLB STOCK | $7,784,300 | C |
| CORPONE CAP SHARES | $456,883 | C |
| US GOVT AGENCY | $28,167,899 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $436,009,396 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| NCUSIF | $22,404,491 |
| ACCRUED INT REC | $7,789,209 |
| INTANGIBLE ASSETS | $6,344,527 |
| OTHER ASSETS | $49,504,189 |
| OREO | $161,985 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $86,204,401 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER SHARE DEPOSITS | Desc |
| Amt | $2,367,703,123 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,367,703,123 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $126,516,804 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $126,516,804 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $126,516,804 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $103,558,609 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $103,558,609 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $103,558,609 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| KEVIN MILLER | ||||||
| PRESIDENT & CEO | $632,594 | $156,000 | $38,773 | $15,250 | $33,497 | $876,114 |
| KEVIN J DOUGHERTY | ||||||
| COO | $365,947 | $15,250 | $10,627 | $391,824 | ||
| SAMUEL M NELSON | ||||||
| CAOGENERAL COUNSEL | $326,535 | $977 | $15,250 | $22,193 | $364,955 | |
| KEVIN S WRIGHT | ||||||
| CIO | $326,442 | $4,712 | $15,250 | $15,367 | $361,771 | |
| JOSEPH A MACLAREN | ||||||
| GENERAL COUNSEL | $209,420 | $19,274 | $31,837 | $260,531 | ||
| MIRIAM MITCHELL | ||||||
| CHIEF LENDING OFFICER | $228,755 | $17,856 | $12,128 | $20,703 | $279,442 | |
| MATTHEW J WALSH | ||||||
| VP IT | $171,152 | $900 | $29,777 | $201,829 | ||
| ROBERT J KINDERMANN | ||||||
| SVP HUMAN RES | $166,279 | $26,464 | $192,743 | |||
| SHIRLEY A SHOEMAKER | ||||||
| SVP OPERATIONS | $170,196 | $20,403 | $190,599 | |||
| STEWART GRASHOFF | ||||||
| VP BUSINESS SERVICES | $162,146 | $22,501 | $184,647 | |||
| NORA RODRIGUEZ-PATTERSON | ||||||
| CCO | $148,682 | $12,053 | $7,659 | $15,283 | $183,677 | |
| LINH DANG | ||||||
| CHIEF DEV OFFICER | $298,744 | $600 | $14,912 | $10,045 | $324,301 | |
| JIM RYCHLICKI | ||||||
| CFO | $366,627 | $15,250 | $6,631 | $388,508 | ||
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990 governing body review Part VI line 11 | FORM 990 IS REVIEWED BY BOARD OF DIRECTORS, CEO AND CFO PRIOR TO FILING |
| Conflict of interest policy compliance Part VI line 12c | CONFLICT OF INTEREST POLICY IS REVIEWED BY CREDIT UNIONS EXECUTIVE TEAM |
| CEO executive director top management comp Part VI line 15a | EXECUTIVE COMPENSATION IS REVIEWED BY CREDIT UNION COMPENSATION COMMITTEE |
| Other officer or key employee compensation Part VI line 15b | COMPENSATION COMMITTEE REVIEWS COMPENSATION OF TOP MANAGEMENT |
| Governing documents etc available to public Part VI line 19 | CREDIT UNION DOCUMENTS ARE MADE AVAILABLE UPON REQUEST |
| Explanation of other changes in net assets or fund balances Part XI line 9 | INITIAL YEAR TAX RETURN |