CREDIT UNIONS CHARTERED IN THE STATE OF SOUTH CAROLINA: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS CHARTERED IN THE STATE OF SOUTH CAROLINA (EIN 57-0379898)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202003219349317530
- Schema version
- 2019v5.0
- 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 | 2020-11-16T15:30:52-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 570568919 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CANTEY TILLER PIERCE & GREEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 862 | AddressLine1Txt |
| City | CAMDEN | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29021 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570379898 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SANTEE COOPER CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SANT | BusinessNameControlTxt |
| Phone | 8437614001 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 612 REMBERT C DENNIS BLVD | AddressLine1Txt |
| City | MONCKS CORNER | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29461 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MELYNDA CIOCHETTI CHAMPION | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 8437614001 | PhoneNum |
| Signature | 2020-11-16 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JANET M PIERCE | PreparerPersonNm |
| PTIN | P00498837 | PTIN |
| Phone | 8034321436 | PhoneNum |
| Preparation | 2020-11-16 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 143.244.105.162 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-16 | IPDt |
| IP Tm | 15:30:52 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8A5EF587CFE71028FDEAE561BA42261A23FBE972 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 34C51C3261704471D409D11DAE3CFA7FFB2472B8 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MELYNDA CIOCHETTI CHAMPION | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 612 REMBERT S DENNIS BLVD | AddressLine1Txt |
| City | MONCKS CORNER | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29461 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,011,848 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SANTEECOOPERCREDITUNION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1953 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | SANTEE COOPER CREDIT UNION IS A STATE CHARTERED CREDIT UNION PROVIDING TWO PRIMARY NEEDS. THE FIRST IS THAT OF PROVIDING A CONVENIENT DEPOSITORY FOR ITS MEMBERS' FUNDS WHEREBY INDIVIDUALS MAY ENGAGE IN A SYSTEMATIC PLAN OF SAVINGS AND EARN A COMPETITIVE RATE OF RETURN. SECONDLY, THE CREDIT UNION SERVES AS A SOURCE OF FINANCIAL ASSISTANCE TO AID ITS MEMBERS WITH THEIR CONSUMER AND FINANCIAL NEEDS BY PROVIDING REASONABLE AND AFFORABLE LOANS TO QUALIFIED MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 24 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,746,877 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,899,805 | CYProgramServiceRevenueAmt |
| PY Investment Income | $266,965 | PYInvestmentIncomeAmt |
| CY Investment Income | $262,365 | CYInvestmentIncomeAmt |
| PY Other Revenue | $804,899 | PYOtherRevenueAmt |
| CY Other Revenue | $849,678 | CYOtherRevenueAmt |
| PY Total Revenue | $2,818,741 | PYTotalRevenueAmt |
| CY Total Revenue | $3,011,848 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,081,613 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,109,122 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,060,855 | PYOtherExpensesAmt |
| CY Other Expenses | $1,165,842 | CYOtherExpensesAmt |
| PY Total Expenses | $2,142,468 | PYTotalExpensesAmt |
| CY Total Expenses | $2,274,964 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $676,273 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $736,884 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $53,426,590 | TotalAssetsBOYAmt |
| Total Assets EOY | $58,270,340 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $47,075,387 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $51,182,253 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $6,351,203 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $7,088,087 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SANTEE COOPER CREDIT UNION IS A STATE CHARTERED CREDIT UNION PROVIDING TWO PRIMARY NEEDS. THE FIRST IS THAT OF PROVIDING A CONVENIENT DEPOSITORY FOR ITS MEMBERS' FUNDS WHEREBY INDIVIDUALS MAY ENGAGE IN A SYSTEMATIC PLAN OF SAVINGS AND EARN A COMPETITIVE RATE OF RETURN. SECONDLY, THE CREDIT UNION SERVES AS A SOURCE OF FINANCIAL ASSISTANCE TO AID ITS MEMBERS WITH THEIR CONSUMER AND FINANCIAL NEEDS BY PROVIDING REASONABLE AND AFFORABLE LOANS TO QUALIFIED MEMBERS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SANTEE COOPER CREDIT UNION IS A STATE CHARTERED CREDIT UNION PROVIDING TWO PRIMARY NEEDS. THE FIRST IS THAT OF PROVIDING A CONVENIENT DEPOSITORY FOR ITS MEMBERS' FUNDS WHEREBY INDIVIDUALS MAY ENGAGE IN A SYSTEMATIC PLAN OF SAVINGS AND EARN A COMPETITIVE RATE OF RETURN. SECONDLY, THE CREDIT UNION SERVES AS A SOURCE OF FINANCIAL ASSISTANCE TO AID ITS MEMBERS WITH THEIR CONSUMER AND FINANCIAL NEEDS BY PROVIDING REASONABLE AND AFFORDABLE LOANS TO QUALIFIED MEMBERS. | Desc |
| 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 | false | 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 | false | 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 | false | 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 |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 941 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 24 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| 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 | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | 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 | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | 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 | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | 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 | ANTUAN CROMEDY | PersonNm |
| Phone | 8437614001 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 612 REMBERT C DENNIS BLVD | AddressLine1Txt |
| Address Line2 | 612 REMBERT S DENNIS BLVD | AddressLine2Txt |
| City | MONCKS CORNER | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29461 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|
| WILLIAM K BARLOW | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | |
| ROSA LEE DEAVERS | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | |
| WILLIAM FINN | |||||
| CHAIR | Yes (X) | $0 | $0 | $0 | |
| WILLIAM BROWN III | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | |
| SUSAN JACKSON | |||||
| VICE CHAIR | Yes (X) | $0 | $0 | $0 | |
| CLAYTON MAULDEN | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | |
| LEISA STILLEY | |||||
| SECRETARY | Yes (X) | $0 | $0 | $0 | |
| DENNY THOMPSON | |||||
| TREASURER | Yes (X) | $0 | $0 | $0 | |
| KAREN WHALEY | |||||
| BOARD MEMBER | Yes (X) | $0 | $0 | $0 | |
| MELYNDA CIOCHETTI CHAMPION | |||||
| PRESIDENT/CE | $0 | $0 | $0 | Yes (X) | |
| RHONDA ROSENBERGER | |||||
| VICE PRESIDE | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Business Name Line2ContractorName/BusinessName/BusinessNameLine2Txt | Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD | |||||||
| BLUE CROSS BLUE SHIELD | PO BOX 100300 | PO BOX 100300 | COLUMBIA | SC | 29202 | HEALTH INSURANC | $178,189 |
| FISERV GALAXY | |||||||
| FISERV GALAXY | 75 REMITTANCE DRIVE | 75 REMITTANCE DRIVE | CHICAGO | IL | 606756942 | DATA PROCESSOR | $176,251 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST ON LOANS | Desc |
| Business | 522291 | BusinessCd |
| Total Revenue Column | $1,899,805 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,899,805 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,899,805 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $262,365 | TotalRevenueColumnAmt |
| Exclusion | $262,365 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISC OPERATING INCOM | Desc |
| Total Revenue Column | $849,678 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $849,678 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $849,678 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,011,848 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,749,483 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $262,365 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $789,392 | TotalAmt |
| Program Services | $710,453 | ProgramServicesAmt |
| Management And General | $78,939 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,658 | TotalAmt |
| Program Services | $65,658 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,072 | TotalAmt |
| Program Services | $228,665 | ProgramServicesAmt |
| Management And General | $25,407 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $299,859 | TotalAmt |
| Program Services | $272,231 | ProgramServicesAmt |
| Management And General | $27,628 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,637 | TotalAmt |
| Program Services | $42,637 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,209 | TotalAmt |
| Program Services | $150,209 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,452 | TotalAmt |
| Program Services | $42,452 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,396 | TotalAmt |
| Program Services | $2,396 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,550 | TotalAmt |
| Program Services | $125,550 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,858 | TotalAmt |
| Program Services | $52,858 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| OFFICE OPERATION EXPENSE | $104,386 | $104,386 |
| LOAN LOSS EXPENSE | $77,639 | $77,639 |
| ATM FEES EXPENSE | $77,112 | $77,112 |
| LOAN SERVICING EXPENSES | $48,772 | $48,772 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,972 | TotalAmt |
| Program Services | $141,972 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,274,964 | TotalAmt |
| Program Services | $2,142,990 | ProgramServicesAmt |
| Management And General | $131,974 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $538,503 | BOYAmt |
| EOY | $679,585 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,558,183 | BOYAmt |
| EOY | $14,057,467 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,340 | BOYAmt |
| EOY | $19,597 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,855,187 | BOYAmt |
| EOY | $42,001,376 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,192 | BOYAmt |
| EOY | $55,451 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,760,960 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $922,185 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $828,858 | BOYAmt |
| EOY | $838,775 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $611,327 | BOYAmt |
| EOY | $618,089 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,426,590 | BOYAmt |
| EOY | $58,270,340 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $136,391 | BOYAmt |
| EOY | $312,535 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,938,996 | BOYAmt |
| EOY | $50,869,718 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,075,387 | BOYAmt |
| EOY | $51,182,253 | 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 | $6,351,203 | BOYAmt |
| EOY | $7,088,087 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,351,203 | BOYAmt |
| EOY | $7,088,087 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,426,590 | BOYAmt |
| EOY | $58,270,340 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $736,884 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $253,823 | OtherCostOrOtherBasisAmt |
| Book Value | $253,823 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,092,231 | OtherCostOrOtherBasisAmt |
| Depreciation | $567,397 | DepreciationAmt |
| Book Value | $524,834 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,600 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,900 | DepreciationAmt |
| Book Value | $5,700 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $407,306 | OtherCostOrOtherBasisAmt |
| Depreciation | $352,888 | DepreciationAmt |
| Book Value | $54,418 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $838,775 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SHARES | Desc |
| Amt | $50,869,718 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $50,869,718 | TotalLiabilityAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | SANTEE COOPER CREDIT UNION IS A STATE CHARTERED CREDIT UNION PROVIDING TWO PRIMARY NEEDS. THE FIRST IS THAT OF PROVIDING A CONVENIENT DEPOSITORY FOR ITS MEMBERS' FUNDS WHEREBY INDIVIDUALS MAY ENGAGE IN A SYSTEMATIC PLAN OF SAVINGS AND EARN A COMPETITIVE RATE OF RETURN. SECONDLY, THE CREDIT UNION SERVES AS A SOURCE OF FINANCIAL ASSISTANCE TO AID ITS MEMBERS WITH THEIR CONSUMER AND FINANCIAL NEEDS BY PROVIDING REASONABLE AND AFFORABLE LOANS TO QUALIFIED MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE ORGANIZATION HAS APPROXIMATELY 7,344 MEMEMBERS. EACH MEMBER HAS A 5 SHARE DEPOSIT AND IS ENTITLED TO ONE VOTE FOR THE GOVERNING BODY/BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | MEMBERS OF THE CREDIT UNION ELECT THOSE POSITIONS THAT HAVE TO BE FILLED WHEN A BOARD MEMBER'S TERM IS COMPLETED. THEY CAN CHOOSE TO RE-ELECT THE SAME BOARD MEMBER IF THE PERSON CHOOSES TO CONTINUE TO FULFILL THIS DUTY OR A DIFFERENT PERSON TO FILL THE POSITION. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE ACCOUNTING COORDINATOR, ANTUAN CROMEDY, AND THE CEO, MELYNDA CIOCHETTI, REVIEW THE FORM 990 AND MAKE NECESSARY CHANGES BEFORE FILING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE COMPENSATION OF THE CEO OF THE CREDIT UNION IS REVIEWED YEARLY BY THE BOARD OF DIRECTORS. COMPENSATION IS BASED ON MARKET RESEARCH, THE GOALS COMPLETED IN THE PREVIOUS YEAR, AND THE OVERAL HEALTH AND STABILITY OF THE CREDIT UNION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | COPIES OF FINANCIAL STATEMENTS ARE POSTED WITHIN THE BRANCH OF SANTEE COOPER CREDIT UNION EVERY MONTH. THE STATE BOARD OF FINANCIAL INSTITUTIONS HOLDS THE SANTEE COOPER CREDIT UNION'S CHARTER AND OTHER GOVERNING DOCUMENTS. THESE ARE AVAILABLE FOR ANYONE UPON REQUEST. THE SANTEE COOPER CREDIT UNION ALSO PROVIDES QUARTERLY NEWLSETTERS. ANY SPECIFIC INFO SUCH AS CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | FED SUPV/EXAM EXPENSES 23,575 0 0 PROFES & OUTSIDE SERVICES 248,656 27,628 0 TOTAL 272,231 27,628 0 |
| FORM 990, PART XI, LINE 9 | ROUNDING 0 |