TRUE SKY CREDIT UNION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- TRUE SKY CREDIT UNION (EIN 73-0564572)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202203199349327610
- Schema version
- 2021v4.2
- 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 | 2022-11-15T17:26:22-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 382492570 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOEREN MAYHEW | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12060 S W 129TH COURT STE 201 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 331864582 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 730564572 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUE SKY CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TRUE | BusinessNameControlTxt |
| Phone | 4056821990 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 26406 | AddressLine1Txt |
| City | OKLAHOMA CITY | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 731260406 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MIKE WORKMAN | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4056821990 | PhoneNum |
| Signature | 2022-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MIKE | PersonFirstNm |
| Person Last | WORKMAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEREMY SMITH | PreparerPersonNm |
| PTIN | P02536780 | PTIN |
| Phone | 3052328272 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SEAN CAHILL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10201 S WESTERN AVENUE | AddressLine1Txt |
| City | OKLAHOMA CITY | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 73139 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $47,281,663 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 2407 | GroupExemptionNum |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.TRUESKYCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1946 | FormationYr |
| Legal Domicile State | OK | LegalDomicileStateCd |
| Activity Or Mission | PROVIDING HIGH QUALITY SERVICE TO EMPOWER OUR MEMBERS AND ENRICH THEIR LIVES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 205 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $367,606 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $24,378,004 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $33,905,533 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,105,653 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,422,835 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,721,893 | PYOtherRevenueAmt |
| CY Other Revenue | $10,953,295 | CYOtherRevenueAmt |
| PY Total Revenue | $34,205,550 | PYTotalRevenueAmt |
| CY Total Revenue | $47,281,663 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $39,400 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,746,340 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $16,947,829 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $20,227,419 | PYOtherExpensesAmt |
| CY Other Expenses | $26,159,607 | CYOtherExpensesAmt |
| PY Total Expenses | $32,973,759 | PYTotalExpensesAmt |
| CY Total Expenses | $43,146,836 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,231,791 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,134,827 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $766,194,191 | TotalAssetsBOYAmt |
| Total Assets EOY | $831,301,668 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $704,291,754 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $769,628,186 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $61,902,437 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $61,673,482 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDING HIGH QUALITY SERVICE TO EMPOWER OUR MEMBERS AND ENRICH THEIR LIVES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | AT THE CORE OF TRUE SKY CREDIT UNION, IS THE MEMBERSHIP SHARE PROGRAMS. TRUE SKY CU MEMBERS ENJOY A WIDE VARIETY OF SAVINGS PROGRAMS INCLUDING TRADITIONAL SAVINGS ACCOUNTS, SHARE CERTIFICATES (CD'S)-CONSISTING OF FLEXIBLE TERMS THAT MEET THEIR INDIVIDUAL SAVINGS LIFESTYLE; RANGING FROM 3 TO 60 MONTHS, IRAS (TRADITIONAL, ROTH, SEP) CONSISTS OF CERTIFICATES AS WELL AS INDIVIDUAL SHARES, MONEY MARKET SHARE ACCOUNTS THAT PAY A HIGHER INTEREST RATE FOR HIGHER BALANCES AND A REWARDS CHECKING (OPTIMUM CHECKING ACCOUNT) THAT PAYS A HIGHLY COMPETITIVE RATE ON BALANCES UP TO $40,000 IF CERTAIN REQUIREMENTS ARE MET. EACH MEMBER INVESTS $5 IN TRUE SKY CREDIT UNION WITH THEIR MEMBERSHIP SHARE. THIS $5 MEMBERSHIP SHARE GUARANTEES THAT EACH MEMBER HAS THE SAME VOICE IN THE LEADERSHIP OF THE CREDIT UNION BY ONE MEMBER - ONE VOTE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | IN ADDITION TO OFFERING A WIDE VARIETY OF MEMBER SAVING PRODUCTS, TRUE SKY CREDIT UNION HAS DEVELOPED VENDOR RELATIONSHIPS THAT ASSIST US IN THE DAY TO DAY OPERATIONS OF THE CREDIT UNION. THIS SUPPORT IS VITAL TO TRUE SKY CU WHICH ALLOWS US TO OFFER 24 HOUR BANKING (INTERNET AND MOBILE BANKING), CREDIT UNION SHARED SERVICE CENTER ACCESS VIA THE COOP NETWORK PLATFORM AND SWITCH FEES, DEBIT CARD PROCESSING (VISA FEES, TRANSACTION FEES, CARD STOCK, ATM FEES) AND DATA PROCESSING FEES (CORE SYSTEM MAINTENANCE-CONNECTIVITY FEES, INCLUDING APIS, INTERFACES, ETC.), AND VARIOUS OTHER VENDOR FEES. THE EXPERTISE OF THE SERVICES PROVIDED BY THESE VENDORS ALLOW TRUE SKY CREDIT UNION TO CONDUCT OUR MEMBER TRANSACTIONS SEAMLESSLY AND EFFICIENTLY. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TRUE SKY CREDIT UNION OFFERS A PLETHORA OF LOAN PRODUCTS THAT ARE DESIGNED TO MEET THE INDIVIDUAL NEEDS OF ITS MEMBERSHIP. WHETHER IT BE THE "DREAM HOME", CLASSIC MUSCLE CAR, STORM SHELTER OR USING A CREDIT CARD TO TAKE THE FAMILY TO DISNEYWORLD, TRUE SKY CREDIT UNION IS THEIR FINANCIAL DREAM PROVIDER. SO THAT TRUE SKY CU CAN FINANCE OUR MEMBER'S DREAMS, THERE ARE COSTS ASSOCIATED WITH THESE LOAN PRODUCTS. TRUE SKY CU IS A PROUD PROVIDER OF VISA PRODUCTS AND WITH THIS RELATIONSHIP THERE ARE FRAUD EXPENSES. COMPROMISED CARDS OCCUR ALMOST DAILY. DATA BREACHES PLAGUE THE NEWS HEADLINES AND UNFORTUNATELY THE INSTITUTIONS BEAR THIS FINANCIAL BURDEN. THERE ARE ALSO FEES ASSOCIATED WITH VISA, AS WELL AS TRANSACTION COST, CARD STOCK AND NETWORK COSTS. TO BE COMPETITIVE, TRUE SKY CREDIT UNION DOES OFFER REWARD CREDIT CARDS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 8383 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 205 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MIKE WORKMAN | PersonNm |
| Phone | 4056821990 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10201 S WESTERN AVENUE | AddressLine1Txt |
| City | OKLAHOMA CITY | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 73139 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| TANYA R CHILDRESS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JUDY RICHEY | |||||||
| CHAIRPERSON | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TERRY DAVIDSON | |||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LINDA LINDSEY | |||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN E CARREL | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GREG HILL | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LANCE MAXWELL | |||||||
| VICE CHAIRPERSON | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SEAN M CAHILL | |||||||
| PRESIDENT/CEO | 40.00 | $544,611 | $0 | $37,188 | Yes (X) | ||
| LYLE Y MIYAMURA | |||||||
| CHIEF FINANCIAL OFFICER | 40.00 | $120,215 | $0 | $4,328 | Yes (X) | ||
| THOMAS A MICHAUD | |||||||
| VP OF IT | 40.00 | $147,601 | $0 | $12,945 | Yes (X) | ||
| TOBY RAGAINI | |||||||
| CHIEF INFORMATION OFFICER | 40.00 | $190,421 | $0 | $26,160 | Yes (X) | ||
| JULIE GAMBLIN | |||||||
| CHIEF ADMINISTRATION OFFIC | 40.00 | $258,811 | $0 | $28,311 | Yes (X) | ||
| MICHAEL SHOCKLEY | |||||||
| VP OF CONSUMER LENDING | 40.00 | $178,642 | $0 | $18,692 | Yes (X) | ||
| CRAIG PAVLICH | |||||||
| CHIEF OPERATIONS OFFICER | 40.00 | $152,518 | $0 | $19,165 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,592,819 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $146,789 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GRAHAM CONSTRUCTION | |||||
| 11100 STRATFORD DRIVE SUITE A500 | OKLAHOMA CITY | OK | 73120 | CONSTRUCTIONS PROFESSIONAL SERVICES | $3,613,512 |
| NCR CORPORATION | |||||
| 14181 COLLECTIONS CENTER DR | CHICAGO | IL | 60693 | ITM PROVIDER | $1,139,943 |
| AT&T | |||||
| PO BOX 105414 | ATLANTA | GA | 30348 | COMMUNICATIONS | $701,773 |
| VISA USA | |||||
| PO BOX 742233 | LOS ANGELES | CA | 90074 | CARD PROVIDER | $689,540 |
| FISERV INC | |||||
| PO BOX 208457 | DALLAS | TX | 75320 | CORE PROCESSOR | $660,437 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 19 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INCOME ON LOANS | 522100 | $29,424,018 | $29,424,018 | |
| FEES/CHARGES/OTHER | 522100 | $4,113,909 | $4,113,909 | |
| FINANCE AND INSURANCE | 520000 | $367,606 | $367,606 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $33,905,533 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,422,835 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,422,835 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER OPERATING INCOME | Desc |
| Business | 522100 | BusinessCd |
| Total Revenue Column | $10,953,295 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,953,295 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $10,953,295 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $47,281,663 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $46,914,057 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $367,606 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,400 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $706,342 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,021,814 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $548,014 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,585,314 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,086,345 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,002,917 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $143,416 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,515 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,706,968 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,245,891 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,190,841 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,153,991 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $514,781 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,978,566 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,067,066 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $201,569 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| MISCELLANEOUS EXPENSE | $3,005,294 |
| PROVISION FOR LOAN LOSS | $2,403,919 |
| LOAN SERVICING EXPENSE | $2,108,557 |
| POSTAGE & COURIER | $293,316 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,146,836 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,090,267 | BOYAmt |
| EOY | $4,475,150 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,669,188 | BOYAmt |
| EOY | $8,494,071 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,126,798 | BOYAmt |
| EOY | $1,377,779 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,370,574 | BOYAmt |
| EOY | $9,434,646 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $550,361,398 | BOYAmt |
| EOY | $578,722,492 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,506,989 | BOYAmt |
| EOY | $835,190 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $51,658,154 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $17,566,421 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,158,594 | BOYAmt |
| EOY | $34,091,733 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,466,108 | BOYAmt |
| EOY | $166,769,496 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,158,100 | BOYAmt |
| EOY | $1,161,900 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,286,175 | BOYAmt |
| EOY | $25,939,211 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $766,194,191 | BOYAmt |
| EOY | $831,301,668 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,200,135 | BOYAmt |
| EOY | $7,484,308 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,354,680 | BOYAmt |
| EOY | -$724,322 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $4,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $687,736,939 | BOYAmt |
| EOY | $758,868,200 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $704,291,754 | BOYAmt |
| EOY | $769,628,186 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,902,437 | BOYAmt |
| EOY | $61,673,482 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,902,437 | BOYAmt |
| EOY | $61,673,482 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $766,194,191 | BOYAmt |
| EOY | $831,301,668 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $4,134,827 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$4,363,781 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,168,514 | OtherCostOrOtherBasisAmt |
| Book Value | $6,168,514 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,373,985 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,515,898 | DepreciationAmt |
| Book Value | $20,858,087 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,451,048 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,130,769 | DepreciationAmt |
| Book Value | $320,279 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,356,017 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,718,833 | DepreciationAmt |
| Book Value | $6,637,184 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $308,590 | OtherCostOrOtherBasisAmt |
| Depreciation | $200,921 | DepreciationAmt |
| Book Value | $107,669 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $34,091,733 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)
| DescDesc | AmtAmt |
|---|---|
| REGULAR SHARES | $215,185,329 |
| SHARE DRAFT | $172,392,205 |
| CERTIFICATES OF DEPOSIT | $204,695,731 |
| MONEY MARKET | $101,524,226 |
| IRA CERTIFICATES | $26,458,315 |
| IRA SHARES | $10,020,509 |
| SUB SHARE ACCOUNTS | $20,082,281 |
| BUSINESS SHARES | $8,509,604 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $758,868,200 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $47,281,663 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $47,281,663 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $47,281,663 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $43,146,836 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $43,146,836 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $43,146,836 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE CREDIT UNION SERVICES MORTGAGE LOANS. THAT IS, FUNDS ARE COLLECTED MONTHLY AND REMITTED ANNUALLY BY THE CREDIT UNION FOR MEMBERS' INSURANCE PREMIUMS AND PROPERTY TAXES. |
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT, BY STATUTE (IRC SECTION 501(C)(14)), FROM FEDERAL INCOME TAXES. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUE SKY CREDIT UNION FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 26406 | AddressLine1Txt |
| City | OKLAHOMA CITY | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 731266406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 850516637 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $39,400 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | CHARATIBLE DONATION | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | TRUE SKY CREDIT UNION SPONSORS TRUE SKY FOUNDATION. DONATIONS TO THE ORGANIZATION ARE DISTRIBUTED AT THE DISCRETION OF THE FOUNDATION'S BOARD WHICH IS COMPRISED OF EMPLOYEES OF THE CREDIT UNION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SEAN M CAHILL | ||||||||||||||
| PRESIDENT/CEO | $434,942 | $0 | $109,669 | $0 | $0 | $0 | $19,327 | $0 | $17,861 | $0 | $581,799 | $0 | $0 | $0 |
| JULIE GAMBLIN | ||||||||||||||
| CHIEF ADMINISTRATION OFFIC | $205,543 | $0 | $19,370 | $0 | $33,898 | $0 | $10,625 | $0 | $17,686 | $0 | $287,122 | $0 | $0 | $0 |
| TOBY RAGAINI | ||||||||||||||
| CHIEF INFORMATION OFFICER | $165,913 | $0 | $15,650 | $0 | $8,858 | $0 | $8,548 | $0 | $17,612 | $0 | $216,581 | $0 | $0 | $0 |
| MICHAEL SHOCKLEY | ||||||||||||||
| VP OF CONSUMER LENDING | $139,132 | $0 | $13,500 | $0 | $26,010 | $0 | $7,211 | $0 | $11,481 | $0 | $197,334 | $0 | $0 | $0 |
| CRAIG PAVLICH | ||||||||||||||
| CHIEF OPERATIONS OFFICER | $145,468 | $0 | $7,050 | $0 | $0 | $0 | $7,500 | $0 | $11,665 | $0 | $171,683 | $0 | $0 | $0 |
| THOMAS A MICHAUD | ||||||||||||||
| VP OF IT | $126,964 | $0 | $6,524 | $0 | $14,113 | $0 | $6,387 | $0 | $6,558 | $0 | $160,546 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION HAS A 457(B) NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN MEMBERS OF EXECUTIVE MANAGEMENT INCLUDING STEVE RASMUSSEN AND GLEN FIELDS. THE CREDIT UNION DOES NOT CONTRIBUTE TO THIS PLAN. NEITHER OF THESE PARTICIPANTS RECEIVED A PAYOUT DURING 2021. SEAN M. CAHILL, JULIE GAMBLIN, AND TOBY RAGAINI PARTICIPATE IN A SPLIT DOLLAR COLLATERAL INSURANCE SUPPLEMENTAL RETIREMENT PLAN. THE LOANS RELATED TO THIS PLAN ARE REPORTED ON SCHEDULE L. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| SEAN M CAHILL | |||||||
| PRESIDENT/CEO | COLLATERAL ASSIGNMENT SPLIT DOLLAR | Yes (X) | $6,681,280 | $6,434,646 | 0 | Yes (1) | Yes (1) |
| JULIE GAMBLIN | |||||||
| CHIEF ADMINISTRATION OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR | Yes (X) | $1,500,000 | $1,500,000 | 0 | Yes (1) | Yes (1) |
| TOBY RAGAINI | |||||||
| CHIEF INFORMATION OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR | Yes (X) | $1,500,000 | $1,500,000 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $9,434,646 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION'S MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. |
| FORM 990, PART VI, SECTION B, LINE 11B | TRUE SKY CREDIT UNION PROVIDES THEIR FINANCIAL INFORMATION TO DOEREN MAYHEW AND RELIES ON THEIR EXPERTISE TO COMPLETE FORM 990. UPON DOEREN MAYHEW'S COMPLETION OF FORM 990, TRUE SKY CU REVIEWS THE RETURN FOR ACCURACY PRIOR TO FILING THE RETURN. A COPY OF THE FORM 990 WILL BE PROVIDED TO THE MEMBERS OF THE BOARD UPON REQUEST. |
| FORM 990, PART VI, SECTION B, LINE 12C | TRUE SKY CREDIT UNION REQUIRES ALL EMPLOYEES TO SIGN THE ANNUAL CODE OF ETHICS DECLARATION, WHICH REQUIRES EMPLOYEES TO DISCLOSE POSSIBLE CONFLICTS OF INTEREST. ANY POTENTIAL VIOLATIONS ARE PURSUED BY INTERNAL AUDITS AND MANAGEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15 | TRUE SKY CREDIT UNION USES THE COMPEASE STRUCTURED SYSTEM THROUGH HRN PERFORMANCE SOLUTION. EACH POSITION HAS A PAY RANGE WITH LOW, MEDIAN, AND HIGH POSITIONS WITHIN THE RANGE. THE RANGES ARE ADJUSTED BY HRN PERFORMANCE SOLUTION BASED ON LABOR MARKET SPECIFIC PAY DATA FROM OUR REGION. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS ARE PUBLISHED QUARTERLY IN THE CALL REPORT. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE TO OUR MEMBERSHIP UPON REQUEST, HOWEVER, COPIES ARE NOT TO BE MADE. |
| FORM 990, PART XII, LINE 2C: | THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUE SKY CREDIT UNION FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 26406 | AddressLine1Txt |
| City | OKLAHOMA CITY | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 731266406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 850616637 | EIN |
| Primary Activities | CHARITABLE FOUNDATION | PrimaryActivitiesTxt |
| Legal Domicile State | OK | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 10 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUE SKY CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIRST RATE AUTO LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 26090 | AddressLine1Txt |
| City | OKLAHOMA CITY | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 73126 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271009000 | EIN |
| Primary Activities | SELLING REPOSESSED AUTOS | PrimaryActivitiesTxt |
| Legal Domicile State | OK | LegalDomicileStateCd |
| Predominant Income Type | RELATED | PredominantIncomeTypeTxt |
| Share Of Total Income | $1,150,093 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $614,025 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Ownership | 0.33330 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |