SACRAMENTO CREDIT UNION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- SACRAMENTO CREDIT UNION (EIN 94-1530642)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-06-03
- IRS object ID
- 201321549349300227
- Schema version
- 2012v2.1
- 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) |
|---|---|---|
| Timestamp | 2013-06-03T14:08:07-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NICOLLET MALL SUITE 1100 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 941530642 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SACRAMENTO CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SACR | NameControl |
| Phone | 9164446070 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2351 | AddressLine1 |
| City | SACRAMENTO | City |
| State | CA | State |
| ZIP Code | 958122351 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES BATSON | Name |
| Title | CFO | Title |
| Phone | 9164446070 | Phone |
| Date Signed | 2013-05-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GERALD B KISSELL | Name |
| PTIN | P00092658 | PTIN |
| Phone | 6123324300 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JERROLD A KINLOCK | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2351 | AddressLine1 |
| City | SACRAMENTO | City |
| State | CA | State |
| ZIP Code | 958122351 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 15462606 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 1526 | GroupExemptionNumber |
| Organization501c | X | Organization501c |
| Web Site | WWW.SACTOCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1935 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | SACRAMENTO CREDIT UNION'S MISSION IS TO PROVIDE PROMPT, COMPETITIVE, QUALITY CONSUMER FINANCIAL SERVICES TO OUR MEMBERS IN A FRIENDLY, PROFESSIONAL, AND PRUDENT MANNER. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 99 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 97509 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -38241 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12137742 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 13112419 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2005090 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1973944 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 42976 | OtherRevenuePriorYear |
| Other Revenue Current Year | 244054 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 14185808 | TotalRevenuePriorYear |
| Total Revenue Current Year | 15330417 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 1340121 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 956424 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5102165 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 5599618 | 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 | 6684870 | OtherExpensePriorYear |
| Other Expenses Current Year | 4490161 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 13127156 | TotalExpensesPriorYear |
| Total Expenses Current Year | 11046203 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1058652 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4284214 | RevenuesLessExpensesCY |
| Total Assets BOY | 340396047 | TotalAssetsBOY |
| Total Assets EOY | 351148912 | TotalAssetsEOY |
| Total Liabilities BOY | 301699483 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 308168134 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 38696564 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 42980778 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SACRAMENTO CREDIT UNION'S MISSION IS TO PROVIDE PROMPT, COMPETITIVE, QUALITY CONSUMER FINANCIAL SERVICES TO OUR MEMBERS IN A FRIENDLY, PROFESSIONAL, AND PRUDENT MANNER. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | ESTABLISHED MARCH 18 1935, SACRAMENTO CREDIT UNION(SCU) IS INCORPORATED UNDER SECTION 14100 OF THE CREDIT UNION DIVISION OF THE STATE OF CALIFORNIA DEPARTMENT OF FINANCIAL INSTITUTIONS. ORIGINALLY CHARTERED TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO EMPLOYEES OF SOUTHERN PACIFIC RAILROAD AND SACRAMENTO COUNTY, SCU HAS SINCE BECOME A COMMUNITY CREDIT UNION SERVING 24,924 MEMBERS ACROSS THE FOLLOWING COUNTIES: EL DORADO, PLACER, SOLANO, SUTTER, YOLO AND YUBA. COMPOSED OF INDIVIDUALS, CORPORATIONS, PARTNERSHIPS AND OTHER LEGAL ENTITIES, SCU MAINTAINS THE STANDARDS OF A TRADITIONAL MEMBER-OWNED COOPERATIVE WHILE PROVIDING SUPERIOR FINANCIAL SERVICES AT SEVEN LOCATIONS AS WELL AS CONVENIENT PAYMENT OPPORTUNITIES AFFORDED BY ON-LINE BANKING, BILL PAY, POINT-OF-SALE AND ATM TRANSACTIONS WITH SURCHARGE-FREE ACCESS AT 28,000 ATMS, INCLUDING 9,000 DEPOSIT-TAKING AND 5,500 7-ELEVEN LOCATIONS THROUGHOUT THE U.S. AND CANADA.SCU OFFERS A WIDE RANGE OF COMPETIVELY PRICED CONSUMER LOAN PRODUCTS TO HELP MEMBERS WITH FINANCING FOR VEHICLES AND FIRST MORTGAGES. FINANCING IS ALSO AVAILABLE IN THE FORM OF SECURED AND UNSECURED LINES OF CREDIT. REGARDING THE LATTER, SCU OFFERS VISA PLATINUM CARDS BOTH WITH AND WITHOUT THE POPULAR REWARDS FEATURE.SCU OFFERS A BROAD RANGE OF DEPOSIT PRODUCTS TO ASSIST MEMBERS IN MANAGING CASH FLOW AND SAVING FOR THE FUTURE. INSURED TO AT LEAST $250,000 AND BACKED BY THE FULL FAITH AND CREDIT OF THE FEDERAL GOVERMENT, SAVINGS OPPORTUNITIES INCLUDE THE FOLLOWING COMPETITIVELY PRICED ACCOUNTS: REGULAR, CLUB, CHRISTMAS, IRA, MONEY MARKET, REGULAR AND REWARDS CHECKING AND CERTIFICATES OF DEPOSIT. SAVINGS IS MADE CONVENIENT VIA DIRECT DEPOSIT OF NET PAYCHECK AS WELL AS ANY OTHER RECURRING SOURCE OF CASH INFLOW. THROUGH ON-LINE BANKING OR TELEPHONE VOICE RESPONSE, MEMBERS CAN EASILY TRANSFER FUNDS BETWEEN SAVINGS ACCOUNTS OR MAKE PAYMENT ON LOANS. ALSO AVAILABLE ARE PREMIUM QUALITY INVESTMENT SERVICES PROVIDED BY CERTIFIED IN-HOUSE FINANCIAL CONSULTINGSCU NOW OFFERS COMMERCIAL SERVICES INCLUDING CASH MANAGEMENT, COMMERCIAL CONSTRUCTION LOANS, COMMERCIAL REAL ESTATE LOANS, AND SBA LOANS. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| 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 | 0 | 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 | 1 | 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 |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 6819 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 99 | 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 | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | 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 | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JIM BATSON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9164446070 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2351 | AddressLine1 |
| City | SACRAMENTO | City |
| State | CA | State |
| ZIP Code | 958122351 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| ANNEMARIE BOYLAN | |||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| MARK NORRIS | |||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| JAN REEVES | |||||||
| SECRETARY-TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| LES BROWN | |||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| JUDY MCGARRY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WILLIE L SOUTHWARD III | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| TERRY TICE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| LINDA FOSTER-HALL | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JERROLD A KINLOCK | |||||||
| PRESIDENT/CEO | 40.00 | X | 239281 | 0 | 133396 | ||
| JAMES D BATSON | |||||||
| CFO | 40.00 | X | 113402 | 0 | 17111 | ||
| TARIK ELDIN | |||||||
| INVESTMENT SERVICES DIRECT | 40.00 | 253210 | 0 | 38997 | X | ||
| DERI ROSS | |||||||
| RESIDENTIAL LOAN CONSULTANT | 40.00 | 226844 | 0 | 30011 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 832737 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 219515 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | 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 |
|---|---|---|---|---|---|
| MASTER CRAFT BUILDERS | |||||
| 5555 AGUILAR ROAD | ROCKLIN | CA | 95677 | CONSTRUCTION CONTRACTOR | 319497 |
| JACK HENRY & ASSOCIATES INC | |||||
| 1100 OLIVE WAY SUITE 320 | SEATTLE | WA | 981011861 | CARD PROCESSOR | 317384 |
| HARLAND FINANCIAL SOLUTION | |||||
| PO BOX 535120 | ATLANTA | GA | 303535120 | DATA PROCESSING | 215469 |
| INFO IMAGE | |||||
| 141 JEFFERSON DRIVE | MENLO PARK | CA | 94025 | STATEMENT VENDOR | 131167 |
| PSCU FINANCIAL SERVICES INC | |||||
| 560 CARILLON PARKWAY | ST PETERSBURG | FL | 33716 | ONLINE BILLPAY PROVIDER | 120195 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| NET LOAN PORTFOLIO | 522100 | 6423916 | 6423916 | |
| OTHER INCOME | 522100 | 4690132 | 4592623 | 97509 |
| FEE INCOME | 522100 | 1998371 | 1998371 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 13112419 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1969850 | TotalRevenueColumn |
| Exclusion | $1,969,850 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 237675 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 132189 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 105486 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 105486 | TotalRevenueColumn |
| Exclusion | $105,486 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 4094 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 4094 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4094 | TotalRevenueColumn |
| Exclusion | $4,094 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | 457F PLAN INCOME | Description |
| Business Code | 522100 | BusinessCode |
| Total Revenue Column | 138568 | TotalRevenueColumn |
| Related Or Exempt Function Income | 138568 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 138568 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15330417 | TotalRevenueColumn |
| Related Or Exempt Function Income | 13153478 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 97509 | UnrelatedBusinessRevenue |
| Exclusion | $2,079,430 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 956424 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 503190 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3762791 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1333637 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 162595 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 94236 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 242920 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 693323 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 491303 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52246 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 451159 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59932 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| VISA OPERATIONS | 600398 |
| ATM OPERATIONS | 544638 |
| TCCUSF ASSESSMENT | 285933 |
| PROVISION FOR BAD DEBT | -112790 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 924227 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11046203 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2634307 | BOY |
| EOY | 2061356 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 145150 | BOY |
| EOY | 60386 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 124243736 | BOY |
| EOY | 129049090 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 356410 | BOY |
| EOY | 333563 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 10567789 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 7177738 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3707463 | BOY |
| EOY | 3390051 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200154747 | BOY |
| EOY | 207201799 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9154234 | BOY |
| EOY | 9052667 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 340396047 | BOY |
| EOY | 351148912 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3103384 | BOY |
| EOY | 3474317 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 298596099 | BOY |
| EOY | 304693817 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 301699483 | BOY |
| EOY | 308168134 | 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 | 38696564 | BOY |
| EOY | 42980778 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38696564 | BOY |
| EOY | 42980778 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 340396047 | BOY |
| EOY | 351148912 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 4284214 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 233500 | OtherCostOrOtherBasis |
| Book Value | 233500 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5086769 | OtherCostOrOtherBasis |
| Depreciation | 3138317 | Depreciation |
| Book Value | 1948452 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1177540 | OtherCostOrOtherBasis |
| Depreciation | 373085 | Depreciation |
| Book Value | 804455 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4041330 | OtherCostOrOtherBasis |
| Depreciation | 3666336 | Depreciation |
| Book Value | 374994 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 28650 | OtherCostOrOtherBasis |
| Book Value | 28650 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3390051 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SURPLUS LIQUIDITY | Description |
| Book Value | 207201799 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 207201799 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (8 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CORE DEPOSITS | $89,391,843 |
| MONEY MARKET | $82,533,102 |
| SHAREDRAFT WITH DIVIDENDS | $60,458,394 |
| SHAREDRAFT WITHOUT DIVIDENDS | $20,131,525 |
| IRA SHARES: ROTH & EDUCATION | $828,488 |
| IRA SHARES: TRADITIONAL | $3,817,188 |
| IRA CERTIFICATES | $9,121,823 |
| SHARE CERTIFICATES | $38,411,454 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 304693817 | TotalOfAmounts |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JERROLD A KINLOCK | ||||||||||||||
| PRESIDENT/CEO | 219870 | 0 | 0 | 0 | 19411 | 0 | 110793 | 0 | 22603 | 0 | 372677 | 0 | 0 | 0 |
| TARIK ELDIN | ||||||||||||||
| INVESTMENT SERVICES DIRECT | 22984 | 0 | 6094 | 0 | 224132 | 0 | 23639 | 0 | 15358 | 0 | 292207 | 0 | 0 | 0 |
| DERI ROSS | ||||||||||||||
| RESIDENTIAL LOAN CONSULTANT | 614 | 0 | 0 | 0 | 226230 | 0 | 24061 | 0 | 5950 | 0 | 256855 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4B | ReturnReference |
| Explanation | JERROD A. KINLOCK, PRESIDENT/CEO PARTICIPATED IN A 457(F), NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO DISBURSEMENTS IN 2012. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION'S MEMBERS HAVE RIGHTS 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 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 | 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 | FORM 990 WILL BE REVIEWED BY THE CFO AND ACCOUNTING MANAGER AND THEN FORWARDED TO MEMBERS OF THE BOARD OF DIRECTORS ASKING THEIR EXPRESS APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | MANAGERS ARE RESPONSIBLE AND HELD ACCOUNTABLE FOR SUPERVISING THE DAILY TRANSACTIONS AND ACTIVITIES PERFORMED WITHIN THEIR RESPECTIVE DEPARTMENTS INCLUDING, BUT NOT LIMITED TO, MONITORING ALL GIFTS AND GRATUITIES RECEIVED BY STAFF FROM VENDORS OR MEMBERS AND MONITORING FOR OUTSIDE EMPLOYMENT BY STAFF THAT COULD POSE A POTENTIAL CONFLICT OF INTEREST. MANAGERS ARE RESPONSIBLE FOR DOCUMENTING ALL SITUATIONS THAT MAY PRESENT A CONFLICT OF INTEREST AND FOR BRINGING TO A VICE PRESIDENT'S ATTENTION ANY AND ALL VIOLATIONS OF POLICY. VICE PRESIDENTS ARE RESPONSIBLE FOR SUPERVISING ALL TRANSACTIONS AND ACTIVITIES PERFORMED BY MANAGERS. COMPLIANCE WITH POLICY IS ENFORCED THROUGH THE USE OF THE DISCIPLINARY PROCESS FOR FAILURE TO DISCLOSE INFORMATION RELATIVE TO A POTENTIAL CONFLICT OF INTEREST AND FOR ANY AND ALL VIOLATIONS OF POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CREDIT UNION EXECUTIVE SOCIETY AND WESTERN MANAGEMENT COMPENSATION SURVEYS ARE UTILIZED AS COMPARABLE DATA FOR ESTABLISHING SALARY RANGES. WHEN SETTING OFFICER AND KEY EMPLOYEE COMPENSATION, FACTORS TAKEN INTO CONSIDERATION ARE COMPA RATIO, SUBJECT EXPERTISE, INDUSTRY EXPERIENCE, JOB TENURE AND JOB PERFORMANCE. THE CEO RECOMMENDS VICE PRESIDENTS' SALARY RANGES AND SALARIES TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS CONSULTS WITH A THIRD PARTY TO ESTABLISH THE CEO'S COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE BYLAWS ARE PROVIDED TO MEMBERS UPON MEMBER REQUEST. CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN BRANCH LOBBIES. |