ALTIER CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- ALTIER CREDIT UNION (EIN 86-0929205)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2013-07-01
- IRS object ID
- 201331829349300128
- Schema version
- 2011v1.5
- 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 | 2013-07-01T13:47:26-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | 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 | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 860929205 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALTIER CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ALTI | NameControl |
| Phone | 6027973000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1511 N PROJECT DRIVE | AddressLine1 |
| City | TEMPE | City |
| State | AZ | State |
| ZIP Code | 85281 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID L SKILTON | Name |
| Title | SVP/CFO | Title |
| Phone | 6027973000 | Phone |
| Date Signed | 2013-06-21 | 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 | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | X | AmendedReturn |
| Name Of Principal Officer Person | HARRY MATEER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1511 N PROJECT DRIVE | AddressLine1 |
| City | TEMPE | City |
| State | AZ | State |
| ZIP Code | 85281 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 10404036 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 2111 | GroupExemptionNumber |
| Organization501c | X | Organization501c |
| Web Site | WWW.ALTIERCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1998 | YearFormation |
| State Legal Domicile | AZ | StateLegalDomicile |
| Activity Or Mission Description | PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 63 | TotalNbrEmployees |
| Total Nbr Volunteers | 12 | TotalNbrVolunteers |
| Total Gross UBI | 85609 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -23263 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 10129337 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 9067640 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 739653 | InvestmentIncomePriorYear |
| Investment Income Current Year | 825990 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 510406 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 10868990 | TotalRevenuePriorYear |
| Total Revenue Current Year | 10404036 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 538178 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 299737 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3902050 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4243960 | 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 | 6154679 | OtherExpensePriorYear |
| Other Expenses Current Year | 5168807 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10594907 | TotalExpensesPriorYear |
| Total Expenses Current Year | 9712504 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 274083 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 691532 | RevenuesLessExpensesCY |
| Total Assets BOY | 164045381 | TotalAssetsBOY |
| Total Assets EOY | 163350791 | TotalAssetsEOY |
| Total Liabilities BOY | 153835945 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 152439346 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10209436 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10911445 | NetAssetsOrFundBalancesEOY |
| Mission Description | PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | THE MISSION OF ALTIER CREDIT UNION IS TO PROVIDE OUR 2,000+ MEMBERS WITH FINANCIAL SERVICES AND PRODUCTS TO ENHANCE THEIR LIVES AND BUILD THEIR WEALTH. WE PROVIDE BASIC ACCOUNTS FOR SAVINGS, CHECKING, MONEY MARKETS AND CERTIFICATES OF DEPOSIT. ADDITIONALLY, WE PROVIDE LOANS FOR HOMES, AUTOS, HOME IMPROVEMENTS, CREDIT CARDS, LINES OF CREDIT AND RECREATIONAL VEHICLES. FURTHERMORE, WE PROVIDE ACCESS TO INSURANCE AND TRADITIONAL INVESTMENT PRODUCTS AS WELL. | 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 | 1 | 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 | 1 | 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 |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 3158 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 63 | 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 | AZ | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALTIER CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6027973000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1511 N PROJECT DRIVE | AddressLine1 |
| City | TEMPE | City |
| State | AZ | State |
| ZIP Code | 85281 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 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 |
|---|---|---|---|---|---|---|---|
| JOHN BLEVINS | |||||||
| CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | |
| JOSEPH NOWACZY | |||||||
| VICE CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | |
| KATHY DANIELSON | |||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| BECKY HARSH | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |
| BRANDON WHITING | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| STACY NEWMAN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ROSE PFISTER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| HARRY M MATEER JR | |||||||
| PRESIDENT/CEO | 40.00 | X | 204710 | 0 | 138620 | ||
| DAVID SKILTON | |||||||
| SVP/CFO | 40.00 | X | 119058 | 0 | 12047 | ||
| SUSAN M DEAL | |||||||
| SVP/COO | 40.00 | 147776 | 0 | 13017 | X | ||
| GREGORY LINNEBUR | |||||||
| FINANCIAL NETWORK REP. | 40.00 | 119374 | 0 | 16607 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 590918 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 180291 | 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 (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| UNITED HEALTHCARE | |||||
| DEPT CH 10151 | PALATINE | IL | 600550151 | HEALTH INSURANCE | 442313 |
| USERSFISERV | |||||
| 75 REMITTANCE DRIVE SUITE 6962 | CHICAGO | IL | 606756962 | DATA PROCESSING | 266346 |
| DIGITAL INSIGHT CORPORATION | |||||
| PO BOX 515306 | LOS ANGELES | CA | 900516606 | WEB HOSTING | 238630 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | 5085036 | 5085036 | |
| NSF/OD INCOME | 522100 | 1385349 | 1385349 | |
| CHECK PROGRAMS | 522100 | 658422 | 658422 | |
| NON OPERATING INCOME | 522100 | 575569 | 561236 | 14333 |
| FEES AND CHARGES | 522100 | 454682 | 454682 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 908582 | TotalRevenueColumn |
| Related Or Exempt Function Income | 837306 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 71276 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 9067640 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 705729 | TotalRevenueColumn |
| Exclusion | $705,729 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 510406 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 510406 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 510406 | TotalRevenueColumn |
| Exclusion | $510,406 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 106029 | Securities |
| Other | 14232 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 106029 | Securities |
| Other | 14232 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 120261 | TotalRevenueColumn |
| Exclusion | $120,261 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10404036 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8982031 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 85609 | UnrelatedBusinessRevenue |
| Exclusion | $1,336,396 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 299737 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 354435 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2710486 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 423045 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 531948 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224046 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8504 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 230697 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 200933 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1886426 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 783717 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79550 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14558 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 338669 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSS | 843848 |
| NCUSIP STABILIZATION EX | 376053 |
| LOAN SERVICING | 278850 |
| HUMAN RESOURCE EXPENSE | 44670 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82332 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9712504 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 959503 | BOY |
| EOY | 1147164 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191861 | BOY |
| EOY | 664007 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95093862 | BOY |
| EOY | 94760520 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 734654 | BOY |
| EOY | 865726 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 17328195 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 6871834 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10714955 | BOY |
| EOY | 10456361 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 325900 | BOY |
| EOY | 351262 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54112789 | BOY |
| EOY | 49239649 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1911857 | BOY |
| EOY | 5866102 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 164045381 | BOY |
| EOY | 163350791 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1216518 | BOY |
| EOY | 1727704 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80665 | BOY |
| EOY | 64759 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 152538762 | BOY |
| EOY | 150646883 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 153835945 | BOY |
| EOY | 152439346 | 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 | 10209436 | BOY |
| EOY | 10911445 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10209436 | BOY |
| EOY | 10911445 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 164045381 | BOY |
| EOY | 163350791 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 691532 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 10477 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 633078 | OtherCostOrOtherBasis |
| Book Value | 633078 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12313943 | OtherCostOrOtherBasis |
| Depreciation | 3411345 | Depreciation |
| Book Value | 8902598 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 170779 | OtherCostOrOtherBasis |
| Depreciation | 117392 | Depreciation |
| Book Value | 53387 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4210395 | OtherCostOrOtherBasis |
| Depreciation | 3343097 | Depreciation |
| Book Value | 867298 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 10456361 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (6 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| FIRSTCROP INVESTMENTS | 2963677 | F |
| CERTIFICATE OF DEPOSITS | 19618600 | F |
| COLLATERALIZED MORTGAGE OBLIGATIONS | 4018454 | F |
| FEDERAL AGENCY SECURITIES | 13366122 | F |
| FEDERAL RESERVE BANK | 9216069 | F |
| OTHER INVESTMENTS | 56727 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 49239649 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER SHARES | Description |
| Amount | $150,646,883 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 150646883 | TotalOfAmounts |
| Total Revenue | 10404036 | TotalRevenue |
| Total Expenses | 9712504 | TotalExpenses |
| Excess Or Deficit For Year | 691532 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 10477 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 10477 | TotalAdjustments |
| Excess Or Deficit Per FS | 702009 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 10404044 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 8 | OtherRevenues |
| Revenue Not Rptd F990 | 8 | RevenueNotRptdF990 |
| Revenue Subtotal | 10404036 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 10404036 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 9469953 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 9469953 | ExpensesSubtotal |
| Other Expenses Not Included | 242551 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 242551 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 9712504 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | THE CREDIT UNION HOLDS FUNDS IN AN ESCROW ACCOUNT IN ORDER TO PAY TAXES AND INSURANCE ON BEHALF OF ITS FANNIE MAE LOANS THAT WERE SOLD AND ARE CURRENTLY SERVICED BY THE CREDIT UNION. | |
| PENSION ADJUSTMENT REVERSAL 8. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| ALLOWANCE FOR LOAN LOSS 214,202. 2010 PENSION ADJUSTMENT REVERSAL 28,349. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 (2 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HARRY M MATEER JR | |||||||||||||
| 179198 | 0 | 25512 | 0 | 0 | 0 | 129804 | 0 | 8816 | 0 | 343330 | 0 | 0 | 0 |
| SUSAN M DEAL | |||||||||||||
| 126896 | 0 | 20880 | 0 | 0 | 0 | 6184 | 0 | 6833 | 0 | 160793 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 4B | ReturnReference |
| Explanation | HARRY MATEER, JR., CEO AND DAVID SKILTON, SVP/CFO, PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN. THERE WERE NO DISTRIBUTION IN 2011. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 IS REVIEWED BY THE ACCOUNTING MANAGER AND CFO AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS MONITORED BY AN EXTERNAL AUDITOR, EXTERNAL EXAMINER AND AN INTERNAL AUDITOR. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CREDIT UNION USES SALARY GRADES THAT ARE BASED ON COMPENSATION SURVEYS IN ITS INDUSTRY. THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. OTHER DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC UNLESS A MEMBER SPECIFICALLY REQUESTS TO SEE THEM. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 10,477. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990 | IT HAS COME TO OUR ATTENTION THAT DEFERRED COMPENSATION FOR HARRY MATEER, JR., CEO, WAS REPORTED INCORRECTLY ON THE ORIGINALLY FILED 2011 FORM 990. HIS DEFERRED COMPENSATION WAS REPORTED AS THE AMOUNT FUNDED IN 2011, INSTEAD OF THE EARNED BENEFIT FOR THE REPORTING PERIOD. THIS RESULTED IN AN OVERSTATEMENT OF $1,130,000 FOR HARRY'S DEFERRED COMPENSATION. HARRY'S DEFERRED COMPENSATION 2011 EARNED BENEFIT IS CORRECTLY REPORTED AS $129,804 IN PART VII, COLUMN F AND SCHEDULE J, PART II, COLUMN C ON THIS AMENDED FORM 990. SCHEDULE J, PART I, LINE 4B, HAS BEEN CHANGED TO "YES" TO CORRECTLY REPORT THAT HARRY MATEER JR., CEO AND DAVID SKILTON, SVP/CFO PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN. | AMENDED RETURN |