THE CREDIT UNION OF RICHMOND INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE CREDIT UNION OF RICHMOND INC (EIN 54-0357460)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-08
- IRS object ID
- 201231299349300018
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-08T10:35:29-04:00 | 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 | Robert L Mann LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 746 | AddressLine1 |
| City | Fredericksburg | City |
| State | VA | State |
| ZIP Code | 22404 | 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 | 540357460 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHMOND POSTAL CREDIT UNION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | RICH | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1601 OWNBY LANE | AddressLine1 |
| City | Richmond | City |
| State | VA | State |
| ZIP Code | 23220 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JACKIE WILSON | Name |
| Title | PRESIDENTCEO | Title |
| Phone | 8043559684 | Phone |
| Date Signed | 2012-05-08 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT L MANN | Name |
| Phone | 5409032277 | Phone |
| Date Prepared | 2012-05-08 | DatePrepared |
| 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) |
|---|---|---|
| Name Of Principal Officer Person | JACKIE WILSON | NameOfPrincipalOfficerPerson |
| Gross Receipts | 5157335 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.RICHPCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1923 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | CREDIT UNION IS A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 25 | TotalNbrEmployees |
| Total Gross UBI | 8668 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 4623659 | ProgramServiceRevenueCY |
| Investment Income Current Year | 533676 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Current Year | 5157335 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 1234555 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expenses Current Year | 3683835 | OtherExpensesCurrentYear |
| Total Expenses Current Year | 4918390 | TotalExpensesCurrentYear |
| Revenues Less Expenses CY | 238945 | RevenuesLessExpensesCY |
| Total Assets BOY | 83177999 | TotalAssetsBOY |
| Total Assets EOY | 83179783 | TotalAssetsEOY |
| Total Liabilities BOY | 72931219 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 72896658 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 10246780 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10283125 | NetAssetsOrFundBalancesEOY |
| Mission Description | CREDIT UNION IS A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 4918390 | Expense |
| Revenue | 5157335 | Revenue |
| Description | CREDIT UNION IS A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES | Description |
| Total Program Service Expense | 4918390 | TotalProgramServiceExpense |
| 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 | true | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | 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 | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | true | 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 | 2188 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 25 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| 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 | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | 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 | false | RegularMonitoringEnforcement |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JACKIE WILSON | NamePerson |
| Telephone Number | 8043559684 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1601 OWNBY LANE | AddressLine1 |
| City | Richmond | City |
| State | VA | State |
| ZIP Code | 23220 | 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 | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| ALPHONSO MILES | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| ALVIN STROTHER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DONALD HALL | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ELMER SIMS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| GERALDINE HORNE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| GLORIA SHAW | |||||||
| ASSISTANT SECRETARY | 1.00 | X | 0 | 0 | 0 | ||
| JAMES DAVIDSON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD TWIGGS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WAYNE BOOTHE | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| WAYNE LAUTERBACH | |||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | ||
| YVONNE BAYLOR | |||||||
| SECRETARYTREASURER | 1.00 | X | 0 | 0 | 0 | ||
| JACKIE WILSON | |||||||
| PRESIDENTCEO | 40.00 | 92143 | 0 | 96 | X | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 92143 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 96 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FISERV PORTICO | |||||
| 75 REMITTANCE DRIVE | Chicago | IL | 606756974 | DATA PROCESSOR | 391548 |
| PSCU | |||||
| 560 CARILLON PARKWAY | Saint Petersburg | FL | 33716 | CARD PROCESSOR | 251838 |
| CUNA MUTUAL | |||||
| 5910 MINERAL POINT | Madison | WI | 53701 | PENSION ADMINISTRA | 155390 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| LOAN INTEREST INCOME | 900099 | 3642701 | 3642701 | |
| FEES AND CHARGES | 900099 | 980958 | 972290 | 8668 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4623659 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 533676 | TotalRevenueColumn |
| Related Or Exempt Function Income | 533676 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5157335 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5148667 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 8668 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92238 | Total |
| Program Services | 92238 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 742665 | Total |
| Program Services | 742665 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 230150 | Total |
| Program Services | 230150 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 105592 | Total |
| Program Services | 105592 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63910 | Total |
| Program Services | 63910 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47669 | Total |
| Program Services | 47669 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14256 | Total |
| Program Services | 14256 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 656874 | Total |
| Program Services | 656874 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44561 | Total |
| Program Services | 44561 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74327 | Total |
| Program Services | 74327 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 391548 | Total |
| Program Services | 391548 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 185110 | Total |
| Program Services | 185110 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86147 | Total |
| Program Services | 86147 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1127072 | Total |
| Program Services | 1127072 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108228 | Total |
| Program Services | 108228 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49869 | Total |
| Program Services | 49869 | ProgramServices |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| MISC EXP | 64707 | 64707 |
| CASH OVER SHORT | -761 | -761 |
| PROVISION FOR LOAN LOSSES | 834228 | 834228 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4918390 | Total |
| Program Services | 4918390 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6545624 | BOY |
| EOY | 1918970 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5262189 | BOY |
| EOY | 10799401 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1625 | BOY |
| EOY | 7268 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 382123 | BOY |
| EOY | 357532 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53929517 | BOY |
| EOY | 48953148 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 172986 | BOY |
| EOY | 157485 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3161001 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1191973 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1540455 | BOY |
| EOY | 1969028 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13913900 | BOY |
| EOY | 17750087 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1429580 | BOY |
| EOY | 1266864 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83177999 | BOY |
| EOY | 83179783 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 481881 | BOY |
| EOY | 698549 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72449338 | BOY |
| EOY | 72198109 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72931219 | BOY |
| EOY | 72896658 | 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 | 10246780 | BOY |
| EOY | 10283125 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10246780 | BOY |
| EOY | 10283125 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83177999 | BOY |
| EOY | 83179783 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 238945 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -202600 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | false | FSAudited |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 288670 | OtherCostOrOtherBasis |
| Book Value | 288670 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2015278 | OtherCostOrOtherBasis |
| Depreciation | 587410 | Depreciation |
| Book Value | 1427868 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 857053 | OtherCostOrOtherBasis |
| Depreciation | 604563 | Depreciation |
| Book Value | 252490 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1969028 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| FEDERAL AGENCY OBLIGATIONS | 17476431 | F |
| VIRGINIA CORP PAID IN CAPITAL | 197914 | C |
| CUSC OF VIRGINIA | 63937 | C |
| CU 24 INC | 8649 | C |
| RICHMOND POSTAL GROUP LLC | 3156 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 17750087 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets (8 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| NCUSIF | 843838 |
| ACCRUED INT ON LOANS | 202253 |
| BORROWER INT RECEIVABLE | 2230 |
| SUBS INT REC | -15 |
| ACCRUED INT ON INVESTMENTS | 78181 |
| ACCRUED INCOME ON VISA | 9697 |
| POSTAGE STAMPS | 801 |
| ASSETS ACQUIRED IN LIQUIDATION | 129879 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1266864 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SHAREDRAFTS | $3,306,020 |
| REGULAR SHARES | $24,163,535 |
| SHARE CERTIFICATES | $38,286,855 |
| IRA ACCOUNTS | $6,232,777 |
| CHRISTMAS SAVINGS | $112,641 |
| ORGANIZATION ACCOUNTS | $96,281 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 72198109 | TotalOfAmounts |
Schedule L IRS990ScheduleL
Loan Table LoanTable (8 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| WAYNE LAUTERBACH | ||||||
| MEMBER LOANS | X | $87,426 | 83675 | false | true | true |
| WAYNE BOOTHE | ||||||
| MEMBER LOANS | X | $111,100 | 84682 | false | true | true |
| GERALDINE HORME | ||||||
| MEMBER LOANS | X | $10,300 | 14220 | false | true | true |
| JAMES DAVIDSON | ||||||
| MEMBER LOANS | X | $125,000 | 51000 | false | true | true |
| DONALD HALL | ||||||
| MEMBER LOANS | X | $110,500 | 64759 | false | true | true |
| ALVIN STROTHER | ||||||
| MEMBER LOANS | X | $27,176 | 20707 | false | true | true |
| GLORIA SHAW | ||||||
| MEMBER LOANS | X | $45,000 | 21655 | false | true | true |
| ELMER SIMS | ||||||
| MEMBER LOANS | X | $23,000 | 16834 | false | true | true |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 357532 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 01. Members or stockholder classes and rights (Part VI, line 6) | CREDIT UNIONS ARE FINANCIAL INSTITUTIONS FORMED BY AN ORGANIZED GROUP OF PEOPLE WITH A COMMON BOND EACH MEMBER OWNS ONE SHARE EACH MEMBER HAS ONE VOTE TO ELECT THE BOARD OF DIRECTORS |
| 02. Member election for additional members (Part VI, line 7a) | CREDIT UNIONS ARE FINANCIAL INSTITUTIONS FORMED BY AN ORGANIZED GROUP OF PEOPLE WITH A COMMON BOND EACH MEMBER OWNS ONE SHARE EACH MEMBER HAS ONE VOTE TO ELECT THE BOARD OF DIRECTORS |
| 03. Form 990 governing body review (Part VI, line 11) | THE PRESIDENTCEO REVIEWED THE 990 PRIOR TO ITS FILING |
| 04. CEO, executive director, top management comp (Part VI, line 15a) | THE CEOS SALARY IS APPROVED AND SET BY THE BOARD OF DIRECTORS ANNUALLY |
| 05. Governing documents, etc, available to public (Part VI, line 19) | GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC MEMBERS OF THE CREDIT UNION MAY REVIEW GOVERNING DOCUMENTS AT THE CREDIT UNION |
| 06. Explanation of other changes in net assets or fund balances (Part XI, line 5) | CHANGES IN RETAINED EARNINGS 1 OTHER COMPREHENSIVE INCOME RECOREDED FOR THE DEFINED BENEFIT PENSION PLAN 2 OTHER COMPREHENSIVE INCOME RECORDED FOR INVESTMENTS IN DEBT SECURITIES AND 3 A PRIOR PERIOD CORRECTION OF AN ERROR PERTAINING TO THE PENSION ACCRUAL RETAINED EARNINGS JANUARY 1 2011 1024677960 NET INCOME FOR THE YEAR 23894500 OCI-DEFINED BENEFIT PENSION 12369047 OCI - AFS SECURITIES 16473008 PRIOR PERIOD CORRECTION OF AN ERROR 16156002 RETAINED EARNINGS DECEMBER 31 2011 1028312497 |