VIZO FINANCIAL CORPORATE CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: VIZO FINANCIAL CORPORATE CREDIT UNION (EIN 56-1295697)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-08-01
IRS object ID: 201222149349300222
Schema version: 2011v1.2
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-08-01T12:29:12-00:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ORTH CHAKLER MURNANE AND CO CPAs	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	12060 SW 129 COURT SUITE 201	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	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	561295697	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	FIRST CAROLINA CORPORATE CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	FIRS	NameControl
Phone	3362174992	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4160 PIEDMONT PARKWAY Room No 200	AddressLine1
City	GREENSBORO	City
State	NC	State
ZIP Code	27410	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID BREHMER	Name
Title	PRESEIDENTCCEO	Title
Phone	8005854317	Phone
Date Signed	2012-07-24	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUGLAS ORTH	Name
Phone	3052328272	Phone
Date Prepared	2012-08-01	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Name Of Principal Officer Business NameOfPrincipalOfficerBusiness

Field	Value	IRS element (for citing)
Business Name Line1	DAVID BREHMER	BusinessNameLine1

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	4160 PIEDMONT PARKWAY STE 200	AddressLine1
City	GREENSBORO	City
State	NC	State
ZIP Code	27410	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	91016806	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	2032	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	WWW.FIRSTCAROLINA.ORG	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	CREDIT UNION	TypeOfOrgOtherDescription
Year Formation	1980	YearFormation
State Legal Domicile	NC	StateLegalDomicile
Activity Or Mission Description	FIRST CAROLINA IS THE CREDIT UNIONS CREDIT UNION OFFERING LIQUIDITY SERVICES, INVESTMENT SERVICES, AND CORRESPONDENT SERVICES TO ITS MEMBERS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	27	TotalNbrEmployees
Total Nbr Volunteers	18	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3848967	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3564761	ProgramServiceRevenueCY
Investment Income Prior Year	14167339	InvestmentIncomePriorYear
Investment Income Current Year	13259364	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	18016306	TotalRevenuePriorYear
Total Revenue Current Year	16824125	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1826473	SalariesEtcPriorYear
Salaries Etc Current Year	1929314	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	12984213	OtherExpensePriorYear
Other Expenses Current Year	9546378	OtherExpensesCurrentYear
Total Expenses Prior Year	14810686	TotalExpensesPriorYear
Total Expenses Current Year	11475692	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	3205620	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	5348433	RevenuesLessExpensesCY
Total Assets BOY	1917670925	TotalAssetsBOY
Total Assets EOY	1450098602	TotalAssetsEOY
Total Liabilities BOY	1929115582	TotalLiabilitiesBOY
Total Liabilities EOY	1385038678	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-11444657	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	65059924	NetAssetsOrFundBalancesEOY
Mission Description	MAXIMIZE THE VALUE OF MEMBER OWNERSHIP THROUGH SUPERIOR SERVICE AND PERSONALIZED PRODUCTS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	SETTLEMENT AND PAYMENT SERVICES MANAGEMENT OF SHORT TERM FUNDS FOR THE MEMBERSHIP PROVIDING LIQUIDITY SERVICES. INCOME FROM PROVIDING SERVICES TO CREDIT UNION MEMBERS AND MANAGING THEIR SHORT-TERM DEPOSITS PROVIDE THE FOUNDATION FOR THE ORGANIZATIONS OPERATIONAL STABILITY AND ABILITY TO PROVIDE VALUE-ADDED LOW COST SERVICES TO ITS RESTRICTED MEMBERSHIP.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	27	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	DAVID BREHMER	NamePerson
Telephone Number	3362174992	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	4160 PIEDMONT PARKWAY	AddressLine1
City	GREENSBORO	City
State	NC	State
ZIP Code	27410	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
SCOTT WOODS
CHAIRMAN	003.00	X	0	0	0
ROBERT BRUNS
DIRECTOR	002.00	X	0	0	0
RANDY CRAWFORD
SECRETARY	002.00	X	0	0	0
STEVE HARKINS
DIRECTOR	002.00	X	0	0	0
JACK BRAWSWELL
TREASURER	002.00	X	0	0	0
LUCILE BECKWITH
DIRECTOR	002.00	X	0	0	0
JAMES MCDANIEL
DIRECTOR	002.00	X	0	0	0
SCOTT WEAVER
V. CHAIRMAN	002.00	X	0	0	0
DAVID BREHMER
CEO	040.00		195157	0	19276	X
MARK BROWN
SVP/CFO	040.00		113336	0	22000	X
FRED EISEL
SVP/CIO	040.00		123310	0	23000	X
STEVE SMITH
DIRECTOR	002.00	X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	431803	TotalReportableCompFromOrg
Total Other Compensation	64276	TotalOtherCompensation
Number Individuals GT100 K	3	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
NORTH CAROLINA CREDIT UNION LEAGUE
323 W JONES STREET	RALEIGH	NC	27609	PAYROLL SERVICES	1929258
FEDERAL RESERVE BANK
701 E BYRD ST	RICHMOND	VA	23219	SETTLEMENT AND WIRES	402288
JACK HENRY & ASSOCIATES INC
663 W HIGHWAY 60	MONETT	MO	65708	DATA PROCESSING	265483
US CENTRAL FCU
9701 RENNER BLVD STE 100	LENEXA	KS	66219	SETTLEMENT, SAFEKEEPING, AND WIRES	211456
ZM FINANCIAL SYSTEMS
501 EASTOWNE DR STE 130	CHAPEL HILL	NC	27514	BUILDING RENT	137389

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	8	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
INCOME ON LOANS	522100	865613	865613
FEES/CHARGES/OTHER	522100	2699148	2699148

Field	Value	IRS element (for citing)
Total Program Service Revenue	3564761	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	12912364	TotalRevenueColumn
Related Or Exempt Function Income	12912364	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	74539681	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	74192681	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	347000	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	347000	TotalRevenueColumn
Related Or Exempt Function Income	347000	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	16824125	TotalRevenueColumn
Related Or Exempt Function Income	16824125	RelatedOrExemptFunctionIncome

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	496079	Total
Program Services	496079	ProgramServices

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1074490	Total
Program Services	1074490	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	60646	Total
Program Services	60646	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	169123	Total
Program Services	169123	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	128976	Total
Program Services	128976	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	56000	Total
Program Services	56000	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	93600	Total
Program Services	93600	ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Fees For Services Prof Fundraising		FeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	155801	Total
Program Services	155801	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	45743	Total
Program Services	45743	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1410507	Total
Program Services	1410507	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	640730	Total
Program Services	640730	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	154720	Total
Program Services	154720	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	119053	Total
Program Services	119053	ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	24179	Total
Program Services	24179	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	6244767	Total
Program Services	6244767	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	47881	Total
Program Services	47881	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	40170	Total
Program Services	40170	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	101848	Total
Program Services	101848	ProgramServices

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	SEE ATTACHED SCHEDULE	Description
Total	411379	Total
Program Services	411379	ProgramServices

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	11475692	Total
Program Services	11475692	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	433654	BOY
EOY	946675	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1370920383	BOY
EOY	650723984	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	3256960	BOY
EOY	4972701	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	30497914	BOY
EOY	6446333	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	116813	BOY
EOY	78472	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	726866	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	627351	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	117102	BOY
EOY	99515	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	464706747	BOY
EOY	749277537	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	47178700	BOY
EOY	37122326	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	442652	BOY
EOY	431059	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	1917670925	BOY
EOY	1450098602	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1546452	BOY
EOY	1102005	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	51997304	BOY
EOY	47354107	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1875571826	BOY
EOY	1336582566	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1929115582	BOY
EOY	1385038678	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	-11444657	BOY
EOY	65059924	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-11444657	BOY
EOY	65059924	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1917670925	BOY
EOY	1450098602	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	5348433	ReconcilationRevenueExpenses
Reconcilation Other Changes	71156148	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Included On FS	false	IncludedOnFS

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	19529	OtherCostOrOtherBasis
Depreciation	12000	Depreciation
Book Value	7529	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	624726	OtherCostOrOtherBasis
Depreciation	535847	Depreciation
Book Value	88879	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	82611	OtherCostOrOtherBasis
Depreciation	79504	Depreciation
Book Value	3107	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	99515	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (9 entries)

DescriptionDescription	AmountAmount
NON-MS DAILY SHARE ACCOUNTS	$481,064
DAILY SHARE ACCOUNTS	$1,076,124,184
VR-30 SHARE ACCOUNTS	$10,490,249
VR-90 SHARE ACCOUNTS	$158,470,204
HOLIDAY ACCUMULATION ACCOUNT	$19,443,000
UNCOLLECTED DEPOSITS-CASH LETTER	$16,109
CIF CERTIFICATES	$2,950,000
CERTIFICATES	$58,006,000
MEMBERSHIP CAPITAL SHARES	$10,601,756

Field	Value	IRS element (for citing)
Total Of Amounts	1336582566	TotalOfAmounts
Total Revenue	16824125	TotalRevenue
Total Expenses	11475692	TotalExpenses
Excess Or Deficit For Year	5348433	ExcessOrDeficitForYear
Net Unrealized GL On Investments	3117666	NetUnrealizedGLOnInvestments
Other	$68,038,482	OtherAmount
Total Adjustments	71156148	TotalAdjustments
Excess Or Deficit Per FS	76504581	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	16824125	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	16824125	RevenueSubtotal
Total Revenue Per Form990	16824125	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	11475692	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	11475692	ExpensesSubtotal
Total Expenses Per Form990	11475692	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
X	2	FASB ASC 740-10-25 CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. AS A RESULT OF ADOPTING ASC 740-10-25, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND
X	2 continued...	ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2010, 2009, AND 2008 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS.
X	2 continued...	THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS.
XI	8	PERPETUAL CONTRIBUTED CAPITAL OF 68,188,539 LESS DIVIDENDS PAID ON PERPETUAL CONTRIBUTED CAPITAL OF 150,057.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Independent Consultant	X	IndependentConsultant
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	DAVID BREHMER	NamePerson
Base Compensation Filing Org	155830	BaseCompensationFilingOrg
Other Compensation Filing Org	39327	OtherCompensationFilingOrg
Nontaxable Benefits Filing Org	19276	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	214433	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990 Part VI	6	MEMBERS ARE MADE UP OF NATURAL PERSON CREDIT UNIONS. MEMBERSHIP IS REQUIRED FOR SERVICE.
Form 990 Part VI	7A	THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN ELECTION OF OFFICIALS.
Form 990 Part VI	11	THE SVP/CFO ARE RESPONSIBLE FOR THE PREPARATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNIONS PRESIDENT/CEO. ONCE THIS REVIEW IS COMPLETED AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED.
Form 990 Part VI	12C	AT EACH BOARD OF DIRECTORS MEETING THEY ARE ASKED IF ANY CONFLICTS EXIST AND RECUSALS NECESSARY TO TRANSACT BUSINESS.
Form 990 Part VI	15B	OUTSIDE CONSULTANT REVIEWS POSITIONS BI-ANNUALLY AND PARTICIPATE IN CORPORATE CREDIT UNION SALARY SURVEY ANNUALLY.
Form 990 Part VI	19	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
Form 990 Part XI	5	UNREALIZED HOLDING GAINS ON AVAILABLE-FOR-SALE SECURITIES OF 3,117,666 PLUS PERPETUAL CONTRIBUTED CAPITAL OF 68,188,539 LESS DIVIDENDS PAID ON PERPETUAL CONTRIBUTED CAPITAL OF 150,057.
		Form 990 Part VI Section A Line 6 MEMBERS ARE MADE UP OF NATURAL PERSON CREDIT UNIONS. MEMBERSHIP IS REQUIRED FOR SERVICE. Form 990 Part VI Section A Line 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN ELECTION OF OFFICIALS. Form 990 Part VI Section B Line 11 THE SVP/CFO ARE RESPONSIBLE FOR THE PREPARATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNIONS PRESIDENT/CEO. ONCE THIS REVIEW IS COMPLETED AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED. Form 990 Part VI Section B Line 12C AT EACH BOARD OF DIRECTORS MEETING THEY ARE ASKED IF ANY CONFLICTS EXIST AND RECUSALS NECESSARY TO TRANSACT BUSINESS. Form 990 Part VI Section B Line 15B OUTSIDE CONSULTANT REVIEWS POSITIONS BI-ANNUALLY AND PARTICIPATE IN CORPORATE CREDIT UNION SALARY SURVEY ANNUALLY. Form 990 Part VI Section C Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. Form 990 Part XI Line 5 UNREALIZED HOLDING GAINS ON AVAILABLE-FOR-SALE SECURITIES OF 3,117,666 PLUS PERPETUAL CONTRIBUTED CAPITAL OF 68,188,539 LESS DIVIDENDS PAID ON PERPETUAL CONTRIBUTED CAPITAL OF 150,057.