KENT CREDIT UNION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- KENT CREDIT UNION (EIN 34-1019039)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-05-14
- IRS object ID
- 201401359349302255
- Schema version
- 2013v3.1
- 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 | 2014-05-14T23:33:00-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 341019039 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENT CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KENT | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6020 RHODES ROAD | AddressLine1 |
| City | KENT | City |
| State | OH | State |
| ZIP Code | 44240 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSEPH CRAWFIS | PersonNm |
| Person Title | PRESIDENTCEO | PersonTitleTxt |
| Phone | 3306782274 | PhoneNum |
| Signature | 2014-05-14 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOSEPH CRAWFIS | PrincipalOfficerNm |
| Gross Receipts | $2,513,490 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.KENTCU.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1964 | FormationYr |
| Legal Domicile State | OH | LegalDomicileStateCd |
| Activity Or Mission | THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 30 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $9,909 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$775 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,906,587 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,415,141 | CYProgramServiceRevenueAmt |
| PY Investment Income | $126,917 | PYInvestmentIncomeAmt |
| CY Investment Income | $98,349 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $2,033,504 | PYTotalRevenueAmt |
| CY Total Revenue | $2,513,490 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $83,618 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $54,936 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $857,592 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,009,285 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,609,161 | PYOtherExpensesAmt |
| CY Other Expenses | $1,467,839 | CYOtherExpensesAmt |
| PY Total Expenses | $2,550,371 | PYTotalExpensesAmt |
| CY Total Expenses | $2,532,060 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$516,867 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$18,570 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $43,236,147 | TotalAssetsBOYAmt |
| Total Assets EOY | $43,409,529 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $41,019,034 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $41,210,986 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,217,113 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,198,543 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES GENERATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | 522130 | ActivityCd |
| Desc | DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING MEMBER'S ACCESS TO THEIR ACCOUNTS VIA HOME BANKING ATM NETWORKS CREDIT CARDS SHARED BRANCHING AND IN-PERSON AT THE CREDIT UNION'S BRANCH LOCATIONS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | 522130 | ActivityCd |
| Desc | DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 13300 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 7200 MEMBERS.D | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | 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 | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| 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 With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| 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 |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 539 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 30 | 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 |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| 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 | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| 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 | JOSEPH CRAWFIS | PersonNm |
| Phone | 3306782274 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6020 RHODES ROAD | AddressLine1 |
| City | KENT | City |
| State | OH | State |
| ZIP Code | 44240 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| WILLIAM BURNS | ||||||
| CHAIRPERSON | 1 | Yes (X) | $0 | $0 | $0 | |
| PAUL MARSHALL | ||||||
| VICE CHAIRPERSON | 1 | Yes (X) | $0 | $0 | $0 | |
| KATHY THOMAS | ||||||
| SECRETARY | 1 | Yes (X) | $0 | $0 | $0 | |
| RONALD MOSS | ||||||
| TREASURER | 1 | Yes (X) | $0 | $0 | $0 | |
| DAVID HOOVER | ||||||
| DIRECTOR | 1 | Yes (X) | $0 | $0 | $0 | |
| JUDY MCKINNEY | ||||||
| DIRECTOR | 1 | Yes (X) | $0 | $0 | $0 | |
| JANET SESSIONS | ||||||
| DIRECTOR | 1 | Yes (X) | $0 | $0 | $0 | |
| JOSEPH CRAWFIS | ||||||
| PRESIDENTCEO | 40 | $74,144 | $0 | $14,921 | Yes (X) | |
| DENISE BOYES | ||||||
| CHIEF FINANCIAL OFFICER | 40 | $59,718 | $0 | $5,205 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $133,862 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $20,126 | TotalOtherCompensationAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FISERV INC | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4897 LAKE PARK BLVD | AddressLine1 |
| City | SALT LAKE CITY | City |
| State | UT | State |
| ZIP Code | 84120 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | DATA PROCESSINGEFT | ServicesDesc |
| Compensation | $398,187 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INTEREST | 522291 | $1,611,560 | $1,611,560 | |
| FEE INCOME | 522130 | $342,086 | $335,177 | $6,909 |
| OTHER INCOME | 522130 | $461,495 | $458,495 | $3,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,415,141 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $98,349 | TotalRevenueColumnAmt |
| Exclusion | $98,349 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,513,490 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,405,232 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $9,909 | UnrelatedBusinessRevenueAmt |
| Exclusion | $98,349 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,936 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,861 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $705,297 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,766 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,361 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,800 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,125 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,664 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $498,786 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,026 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $143,740 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,970 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,107 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,984 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,863 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSSES | $183,629 |
| LOAN SERVICING EXPENSE | $158,449 |
| PROFESSIONAL SERVICES | $33,615 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,024 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,532,060 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $818,020 | BOYAmt |
| EOY | $1,015,930 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,775,033 | BOYAmt |
| EOY | $4,474,850 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,496 | BOYAmt |
| EOY | $149,746 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,478,265 | BOYAmt |
| EOY | $27,991,112 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,837 | BOYAmt |
| EOY | $106,431 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,621,415 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $731,601 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $873,377 | BOYAmt |
| EOY | $889,814 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,696,761 | BOYAmt |
| EOY | $8,375,142 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $374,358 | BOYAmt |
| EOY | $406,504 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,236,147 | BOYAmt |
| EOY | $43,409,529 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $368,747 | BOYAmt |
| EOY | $147,384 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,650,287 | BOYAmt |
| EOY | $41,063,602 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,019,034 | BOYAmt |
| EOY | $41,210,986 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,217,113 | BOYAmt |
| EOY | $2,198,543 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,217,113 | BOYAmt |
| EOY | $2,198,543 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,236,147 | BOYAmt |
| EOY | $43,409,529 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$18,570 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $162,840 | InvestmentCostOrOtherBasisAmt |
| Book Value | $162,840 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $743,994 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $290,614 | DepreciationAmt |
| Book Value | $453,380 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $35,636 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $15,547 | DepreciationAmt |
| Book Value | $20,089 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $678,946 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $425,441 | DepreciationAmt |
| Book Value | $253,505 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $889,814 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| DEPOSITS IN COMMERCIAL BANKS | $5,754,000 | C |
| OTHER INVESTMENTS IN CUS | $1,241,000 | |
| MEMBERSHIP CAPITAL SHARES | $847,684 | |
| CORPORATE CU INVESTMENTS | $500,000 | |
| CSCU VISA RESERVE | $32,458 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $8,375,142 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NCUSIF DEPOSIT | Desc |
| Book Value | $406,504 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $406,504 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER SAVINGS & CERTIFICATES | Desc |
| Amt | $41,063,602 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $41,063,602 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $2,513,490 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $2,513,490 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $2,513,490 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,532,060 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $2,532,060 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $2,532,060 | TotalExpensesPerForm990Amt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART VI LINE 6 | THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 7200 MEMBER-OWNERS EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETING WITH THE EXCEPTION OF MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS. |
| PART VI LINE 7A | THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE SELECTED BY A SIMPLE PLURALITY VOTE. A NOMINATING COMITTEE IS FORMED EACH YEAR TO ACCEPT BOARD NOMINATIONS. |
| PART VI LINE 7B | CERTAIN CHANGES TO GOVERNING DOCUMENTS (CODE OF REGULATIONS) MUST BE APPROVED BY A MAJORITY OF MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE STATE REGULATORY AGENCY. |
| PART VI LINE 11B | THE PRESIDENTCEO AND CHIEF FINANCIAL OFFICER WILL REVIEW THE ENTIRE FORM 990 BEFORE IT IS FILED WITH THE IRS. EACH ANSWER IS CONFIRMED AND CHANGES ARE MADE IF NECESSARY. THE COMPLETED FORM IS ALSO SENT OUT TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW. |
| PART VI LINE 12C | BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO BUSINESS RELATIONSHIPS AND FAMILY MEMBERS THAT COULD OR DO CREATE A CONFLICT OF INTEREST. THE SURVEY RESULTS ARE MAINTAINED BY THE PRESIDENTCEO. CONFLICTS ARE DETERMINED BY A REVIEW OF THE POTENTIAL CONFLICTS BY THE CEO AND BOARD OF DIRECTORS. IF A CONFLICT EXISTS THEN THE CONFLICTED PARTY IS EXCUSED FROM DISCUSSIONS AND VOTES RELATED TO THE CONFLICT OF INTEREST. |
| PART VI LINE 15 | THE PROCESS USED TO SET THE CEO'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARISON TO SIMILAR SIZED CREDIT UNIONS THROUGH THE USE OF SALARY SURVEYS AS WELL AS ATTAINMENT IN THE CURRENT YEAR OF PERFORMANCE OBJECTIVES SET FOR THE CREDIT UNION. THIS PROCESS IS PERFORMED BY THE COMPENSATION COMMITTEE A SUB-COMMITTEE OF THE BOARD OF DIRECTORS. THE FULL BOARD OF DIRECTORS APPROVES ALL SALARY CHANGES FOR THE CEO UPON RECOMMENDATION OF THE COMPENSATION COMMITTEE. THIS PROCESS WAS LAST COMPLETED IN DECEMBER 2013 AND IS DONE ON AN ANNUAL BASIS. |
| PART VI LINE 19 | THE CREDIT UNION'S CODE OF REGULATIONS POLICIES AND FINANCIAL STATEMENTS CAN BE REVIEWED BY APPOINTMENT AT THE CREDIT UNION'S MAIN OFFICE LOCATION. |