CAPITOL CREDIT UNION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- CAPITOL CREDIT UNION (EIN 74-6054885)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2013-03-07
- IRS object ID
- 201320669349300217
- Schema version
- 2010v3.4
- 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) |
|---|---|---|
| Timestamp | 2013-03-07T10:57:43-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 217 | AddressLine1 |
| City | AUSTIN | City |
| State | MN | State |
| ZIP Code | 55912 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 746054885 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAPITOL CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CAPI | NameControl |
| Phone | 5124779465 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 141069 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 787141069 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JANAMARIE N GOTZEV | Name |
| Title | CONTROLLER | Title |
| Phone | 5124779465 | Phone |
| Date Signed | 2013-03-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SHERRI WESSELS | Name |
| Phone | 5074347000 | Phone |
| Date Prepared | 2013-03-01 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | X | AmendedReturn |
| Name Of Principal Officer Person | JANAMARIE N GOTZEV | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 141069 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 787141069 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 7642295 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 2742 | GroupExemptionNumber |
| Organization501c | X | Organization501c |
| Web Site | WWW.CCUTX.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1954 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | CAPITOL CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS AND IS OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND PROVIDING CREDIT AND OTHER FINANCIAL SERVICES TO ITS MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 47 | TotalNbrEmployees |
| Total Nbr Volunteers | 5 | TotalNbrVolunteers |
| Total Gross UBI | 18074 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -50283 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 5487267 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5250651 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1360384 | InvestmentIncomePriorYear |
| Investment Income Current Year | 990719 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 722888 | OtherRevenuePriorYear |
| Other Revenue Current Year | 153285 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 7570539 | TotalRevenuePriorYear |
| Total Revenue Current Year | 6394655 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4250 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3500 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 1084452 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 752074 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2107352 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2102456 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4461117 | OtherExpensePriorYear |
| Other Expenses Current Year | 3734490 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 7657171 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6592520 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -86632 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -197865 | RevenuesLessExpensesCY |
| Total Assets BOY | 108307013 | TotalAssetsBOY |
| Total Assets EOY | 110606788 | TotalAssetsEOY |
| Total Liabilities BOY | 101064668 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 103684657 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 7242345 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 6922131 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | CONSUMER LOANS - CAPITOL CREDIT UNION PROVIDES A WIDE RANGE OF SECURED AND UNSECURED LOANS TO ITS MEMBERS FOR CONSUMABLE ITEMS, SUCH AS AUTOS, BOATS, MOTORCYCLES, RECREATIONAL VEHICLES, HOME EQUITY LOANS AND LINE-OF-CREDITS, SIGNATURE LOANS AND LINE-OF-CREDITS, AND SHARE OR SHARE CERTIFICATE SECURED LOANS. ADDITIONALLY, CREDIT LIFE AND DISABILITY ARE AVAILABLE ON THESE LOAN TYPES, GAP (GUARANTEED ASSET PROTECTION) AND MBI (MECHANICAL BREAKDOWN INSURANCE) ARE SOME PRODUCTS THAT ARE OFFERED ON SOME OF OUR SECURED LOANS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CERTIFICATE OF DEPOSIT - CAPITOL CREDIT UNION OFFERS CERTIFICATES OF DEPOSIT TO ITS MEMBERS WITH VARYING TERMS AND RATES. THESE INSTRUMENTS ALLOW OUR MEMBERS A SAVINGS ALTERNATIVE THAT PAYS HIGHER DIVIDENDS THAN A TYPICAL SAVINGS OR DEMAND ACCOUNT, BUT WITH NO MARKET RISK EXPOSURE. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MONEY MARKET ACCOUNTS - CAPITOL CREDIT UNION OFFERS MONEY MARKET ACCOUNTS TO ITS MEMBERS. IT PAYS A HIGHER DIVIDEND THAN A TYPICAL SAVINGS OR DEMAND ACCOUNT IF THE MINIMUM AVERAGE MONTHLY BALANCE REQUIREMENT IS MET, BUT WITH THE CAPABILITY OF WRITING A LIMITED NUMBER OF CHECKS. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | REGULAR SHARE ACCOUNTS - CAPITOL CREDIT UNION PROVIDES SHARE ACCOUNTS TO ALL OF ITS MEMBER ACCOUNTS. REGULAR SHARES GET PAID A QUARTERLY DIVIDEND AT A RATE DECLARED BY THE BOARD OF DIRECTORS, AS LONG AS THE MINIMUM BALANCE REQUIREMENTS ARE MET. THESE ACCOUNTS CAN BE ACCESSED THROUGH ANY OF OUR 4 LOCAL AREA RETAIL BRANCHES OR THROUGH ONE OF 4,294 SHARED SERVICE CENTERS NATIONWIDE. ADDITIONAL ACCESS CAN BE ACHIEVED THROUGH INTERNET BANKING OR TELEPHONE. WITHDRAWALS CAN BE DONE THROUGH THE ATM NETWORK, OF WHICH OUR MEMBERS HAVE ACCESS TO OVER 250 SURCHARGE FREE ATM MACHINES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 3258 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 47 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicy |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARC BRODDRICK CFO | NamePerson |
| Telephone Number | 5124779465 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 141069 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 787141069 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| MICHAEL JONES | ||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| DANNY SACHNOWITZ | ||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| JESUS RAMOS | ||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| STEFANIE MEDACK | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| JOEL BENNETT | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KEVIN COOPER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| NANCY HRIN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DARRELL KETCHUM | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JAIME LYNN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LEWIS ROLAND | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BETH TYNER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ANNE BOATRIGHT | ||||||
| PRESIDENT/CEO | 40.00 | X | 128316 | 0 | 9418 | |
| MARCK BRODDRICK | ||||||
| CFO | 40.00 | X | 88100 | 0 | 8012 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 216416 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 17430 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| GROUNDS CONSTRUCTION | |||||
| 6623 SHRLEY | AUSTIN | TX | 78752 | GENERAL CONTRACTOR | 358838 |
| FISERV EFT SOLUTIONS | |||||
| PO BOX 60000 | SAN FRANCISCO | CA | 94160 | ATM/DEBIT SERVICES | 223891 |
| FISERV USERS INC | |||||
| 75 REMITTANCE DR STE 6962 | CHICAGO | IL | 60675 | SOFTWARE SUPPORT | 209649 |
| AT&T | |||||
| PO BOX 5019 | CAROL STREAM | IL | 60197 | COMMUNICATIONS | 154093 |
| DIEBOLD INC | |||||
| PO BOX 643543 | PITTSBURGH | PA | 15264 | ATM SALES/MAINTENANCE | 127442 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | 3559447 | 3559447 | |
| MEMBER FEES | 522100 | 1647219 | 1629681 | 17538 |
| LOAN FEE INCOME | 522100 | 43985 | 43985 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5250651 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 929402 | TotalRevenueColumn |
| Exclusion | $929,402 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 19950 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 19950 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19950 | TotalRevenueColumn |
| Exclusion | $19,950 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1308957 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1247640 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 61317 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61317 | TotalRevenueColumn |
| Exclusion | $61,317 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 522100 | BusinessCode |
| Total Revenue Column | 133335 | TotalRevenueColumn |
| Related Or Exempt Function Income | 132799 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 536 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 133335 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6394655 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5365912 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 18074 | UnrelatedBusinessRevenue |
| Exclusion | $1,010,669 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3500 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 752074 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 233846 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1451963 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35530 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 159894 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 221223 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2745 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15000 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93534 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 89747 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1238846 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129543 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 249746 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24104 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11929 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66613 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 365186 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| WRITE DOWN CAPITAL SHAR | 546808 |
| BAD DEBT | 428106 |
| NCUA ASSESSMENT/FEES | 239056 |
| LOAN SERVICING | 177031 |
| DUES | 26796 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29700 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6592520 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1392286 | BOY |
| EOY | 1251935 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37515 | BOY |
| EOY | 49293 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58356869 | BOY |
| EOY | 54471517 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 176973 | BOY |
| EOY | 211526 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 7386240 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3280240 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3871172 | BOY |
| EOY | 4106000 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41850797 | BOY |
| EOY | 48444555 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2621401 | BOY |
| EOY | 2071962 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108307013 | BOY |
| EOY | 110606788 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2941369 | BOY |
| EOY | 1655932 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98123299 | BOY |
| EOY | 102028725 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101064668 | BOY |
| EOY | 103684657 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7242345 | BOY |
| EOY | 6922131 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7242345 | BOY |
| EOY | 6922131 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108307013 | BOY |
| EOY | 110606788 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -197865 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -122349 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1508160 | OtherCostOrOtherBasis |
| Book Value | 1508160 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3312560 | OtherCostOrOtherBasis |
| Depreciation | 1062070 | Depreciation |
| Book Value | 2250490 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 171228 | OtherCostOrOtherBasis |
| Depreciation | 171228 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2394292 | OtherCostOrOtherBasis |
| Depreciation | 2046942 | Depreciation |
| Book Value | 347350 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 4106000 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| AVAILABLE FOR SALE SECURITIES | 30045264 | F |
| DEPOSITS IN CORPORATE CREDIT UNIONS | 12628247 | C |
| DEPOSITS IN OTHER FIN. INSTITUTIONS | 5771044 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 48444555 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER DEPOSITS | Description |
| Amount | $102,028,725 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 102028725 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | A FIN 48 ANALYSIS HAS NOT BEEN COMPLETED FOR TAX YEAR ENDED 12/31/10. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THEY 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 ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE 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 11 | EACH MEMBER OF THE BOARD OF DIRECTORS OF CAPITOL CREDIT UNION WAS GIVEN A COPY OF FORM 990 FOR THEIR REVIEW. QUESTIONS AND/OR COMMENTS WERE SUBMITTED TO THE CFO FOR DISCUSSION AND/OR REVIEW. FORM 990 WILL BE REVIEWED BY AN OUTSIDE THIRD PARTY FOR COMPLETENESS. ACCURACY IS ASSUMED CORRECT UPON SIGNING AND SUBMITTING OF SAID FORM BY THE PRESIDENT/CEO. | |
| A COMMITTEE FORMED BY THE BOARD OF DIRECTORS REVIEWS THE CEO'S SALARY ON AN ANNUAL BASIS THROUGH THE USE OF COMPENSATION SURVEYS AND SOFTWARE. SALARY CHANGES ARE RECOMMENDED BY THE CEO REVIEW COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. | FORM 990, PART VI, SECTION B, LINE 15 | |
| CAPITOL CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED IN EACH RETAIL LOCATION LOBBY. ADDITIONALLY, THEY ARE POSTED ON THE CREDIT UNION'S WEB SITE OR AVAILABLE BY WRITTEN REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | THE CHANGE IN THE FUND BALANCE IS DIRECTLY ATTRIBUTED TO THE CHANGE IN OUR UNREALIZED GAIN/LOSS ON AVAILABLE FOR SALE INVESTMENT SECURITIES. | FORM 990, PART XI, LINE 5: |
| AMENDED RETURN BEING FILED TO CORRECTLY REPORT TOTAL GROSS UNRELATED BUSINESS REVENUE FROM PART VIII, LINE 12, AND NET UNRELATED BUSINESS TAXABLE INCOME FROM FORM 990-T, LINE 34 AS REPORTED ON AMENDED FORM 990-T. SEE EXPLANATION FOR FORM 990, PART VIII, LINE 11A FOR FULL EXPLANATION FOR AMENDED FILING OF FORM 990-T. | FORM 990, PART I, LINES 7A AND 7B: | |
| AMENDED RETURN BEING FILED TO CORRECTLY REPORT UNRELATED BUSINESS REVENUE AS REPORTED ON AMENDED FORM 990-T. FORM 990-T IS BEING AMENDED TO OBTAIN A REFUND OF UNRELATED BUSINESS INCOME TAX (UBIT) PAID ON SALES OF INSURANCE PRODUCTS AND FINANCIAL PRODUCTS TO CREDIT UNION MEMBERS. TAXPAYER'S ORIGINAL FILING WAS BASED ON A SERIES OF TECHNICAL ADVICE MEMORANDA (E.G., TAM XXX-XX-XXXX, ETC) ISSUED BY THE IRS DEALING WITH CREDIT UNION UBIT ISSUES AND RULING THAT THAT INCOME FROM SUCH SALES WAS NOT SUBSTANTIALLY RELATED TO THE CREDIT UNION'S EXEMPT PURPOSE. HOWEVER, TWO FEDERAL COURTS HAVE SINCE DETERMINED THAT INCOME FROM SALES OF INSURANCE AND FINANCIAL PRODUCTS BY STATE-CHARTERED CREDIT UNIONS TO THEIR MEMBERS IS SUBSTANTIALLY RELATED TO THE ORGANIZATIONS' THRIFT FUNCTION AND THUS QUALIFIES AS BEING EXEMPT FROM UBIT. SEE COMMUNITY FIRST CREDIT UNION V. U.S., 104 AFTR2D 2009-5346 (E.D. WI 2009), AND BELLCO CREDIT UNION V. U.S., 105 AFTR 2D 2010-1778 (D. COLO. 2010). ACCORDINGLY, TAXPAYER RELIES UPON THESE RECENT DECISIONS IN SEEKING A REFUND OF THE UBIT PREVIOUSLY PAID. | FORM 990, PART VIII, LINE 11A: |