KENT CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- KENT CREDIT UNION (EIN 34-1019039)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-09
- IRS object ID
- 201231309349301848
- 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 | 2012-05-09T17:40:00-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 341019039 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENT CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | KENT | NameControl |
| Phone | 3306782274 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6020 RHODES ROAD | AddressLine1 |
| City | KENT | City |
| State | OH | State |
| ZIP Code | 44240 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH CRAWFIS | Name |
| Title | PRESIDENTCEO | Title |
| Phone | 3306782274 | Phone |
| Date Signed | 2012-05-09 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENT CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOSEPH CRAWFIS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6020 RHODES ROAD | AddressLine1 |
| City | KENT | City |
| State | OH | State |
| ZIP Code | 44240 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1864221 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| All Affiliates Included | true | AllAffiliatesIncluded |
| Organization501c | X | Organization501c |
| Web Site | WWW.KENTCU.COM | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | CR UNION | TypeOfOrgOtherDescription |
| Year Formation | 1964 | YearFormation |
| State Legal Domicile | OH | StateLegalDomicile |
| Activity Or Mission Description | THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 32 | TotalNbrEmployees |
| Total Nbr Volunteers | 7 | TotalNbrVolunteers |
| Total Gross UBI | 4866 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -1828 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1777879 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1673956 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 239845 | InvestmentIncomePriorYear |
| Investment Income Current Year | 190265 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2017724 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1864221 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 261180 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 117820 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 665593 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 673275 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1336909 | OtherExpensePriorYear |
| Other Expenses Current Year | 1151846 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2263682 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1942941 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -245958 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -78720 | RevenuesLessExpensesCY |
| Total Assets BOY | 38486462 | TotalAssetsBOY |
| Total Assets EOY | 40620416 | TotalAssetsEOY |
| Total Liabilities BOY | 35673762 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 37886436 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2812700 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2733980 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | DIRECT LABOR AND EMPLOYEE BENEFITS COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES GENERATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 12100 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 6400 MEMBERS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS FOR MEMBER'S TO THEIR ACCOUNTS VIA HOME BANKING ATM NETWORKS AND IN-PERSON AT THE CREDIT UNION'S BRANCH OFFICES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| 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 | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | 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 | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| 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 |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 1060 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | false | ComplianceWithBackupWitholding |
| Number Of Employees | 32 | 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 |
| Form8886 T Filed | false | Form8886TFiled |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Non Deductible Disclosure | false | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Quid Pro Quo Disclosure | false | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Filed Lieu1041 | false | FiledLieu1041 |
| Licensed More Than One State | false | LicensedMoreThanOneState |
| Indoor Tanning Services | false | IndoorTanningServices |
| Form720 Filed | false | Form720Filed |
| 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 | 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 | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Policies Reference Chapters | false | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | true | 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 |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JOSEPH CRAWFIS | NamePerson |
| Telephone Number | 3306782274 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6020 RHODES ROAD | AddressLine1 |
| City | KENT | City |
| State | OH | State |
| ZIP Code | 44240 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (9 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| WILLIAM BURNS | ||||||
| VICE CHAIRPERSON | 1 | X | 0 | 0 | 0 | |
| DAVID HOOVER | ||||||
| DIRECTOR | 1 | X | 0 | 0 | 0 | |
| JUDY MCKINNEY | ||||||
| CHAIRPERSON | 1 | X | 0 | 0 | 0 | |
| KATHY THOMAS | ||||||
| SECRETARY | 1 | X | 0 | 0 | 0 | |
| PAUL MARSHALL | ||||||
| TREASURER | 1 | X | 0 | 0 | 0 | |
| RON MOSS | ||||||
| DIRECTOR | 1 | X | 0 | 0 | 0 | |
| JANET SESSIONS | ||||||
| DIRECTOR | 1 | X | 0 | 0 | 0 | |
| JOSEPH CRAWFIS | ||||||
| PRESIDENTCEO | 40 | 74826 | 0 | 12884 | X | |
| DENISE BOYES | ||||||
| CHIEF FINANCIAL OFFICER | 40 | 60164 | 0 | 3723 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 134990 | TotalReportableCompFromOrg |
| Total Other Compensation | 16607 | TotalOtherCompensation |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | FISERV | NamePerson |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4897 LAKE PARK BLVD | AddressLine1 |
| City | SALT LAKE CITY | City |
| State | UT | State |
| ZIP Code | 84120 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | DATA PROCESSINGEFT | DescriptionOfServices |
| Compensation | 253802 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| LOAN INTEREST | 522291 | 1194860 | 1194860 | |
| FEE INCOME | 522130 | 240294 | 235428 | 4866 |
| OTHER INCOME | 522130 | 238802 | 238802 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1673956 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 190265 | TotalRevenueColumn |
| Exclusion | $190,265 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1864221 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1669090 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 4866 | UnrelatedBusinessRevenue |
| Exclusion | $190,265 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 117820 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 134990 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 426412 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1207 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65378 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45288 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4800 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60149 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 382999 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101536 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 240884 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6194 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5199 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84994 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 121516 | Total |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSSES | 25723 |
| LOAN SERVICING | 85651 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32171 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1942941 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1001491 | BOY |
| EOY | 862177 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2490963 | BOY |
| EOY | 3937650 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90930 | BOY |
| EOY | 92871 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20952941 | BOY |
| EOY | 20239194 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 117908 | BOY |
| EOY | 128874 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1618235 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 641226 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1051207 | BOY |
| EOY | 977009 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12426682 | BOY |
| EOY | 14027120 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 354340 | BOY |
| EOY | 355521 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38486462 | BOY |
| EOY | 40620416 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121685 | BOY |
| EOY | 263863 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35552077 | BOY |
| EOY | 37622573 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35673762 | BOY |
| EOY | 37886436 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2812700 | BOY |
| EOY | 2733980 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2812700 | BOY |
| EOY | 2733980 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38486462 | BOY |
| EOY | 40620416 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -78720 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | true | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
| Federal Grant Audit Performed | false | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 162840 | InvestmentCostOrOtherBasis |
| Book Value | 162840 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 736900 | InvestmentCostOrOtherBasis |
| Depreciation | 245221 | Depreciation |
| Book Value | 491679 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 35636 | InvestmentCostOrOtherBasis |
| Depreciation | 7435 | Depreciation |
| Book Value | 28201 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 682859 | InvestmentCostOrOtherBasis |
| Depreciation | 388570 | Depreciation |
| Book Value | 294289 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 977009 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (6 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| DEPOSITS IN COMMERCIAL BANKS | 8793000 | C |
| OTHER INVESTMENTS IN CUS | 1341000 | C |
| MEMBERSHIP CAPITAL SHARES | 847684 | C |
| OTHER INVESTMENTS IN CORPORATE CUS | 3020000 | C |
| EXCESS SHARE RESERVE | 10000 | C |
| CSCU VISA RESERVE | 15436 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 14027120 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NCUSIF DEPOSIT | Description |
| Book Value | 355521 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 355521 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER SAVINGS & CERTIFICATES | Description |
| Amount | $37,622,573 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 37622573 | TotalOfAmounts |
| Total Revenue | 1864221 | TotalRevenue |
| Total Expenses | 1942941 | TotalExpenses |
| Excess Or Deficit For Year | -78720 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | -78720 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1864221 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 1864221 | RevenueSubtotal |
| Total Revenue Per Form990 | 1864221 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1942941 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 1942941 | ExpensesSubtotal |
| Total Expenses Per Form990 | 1942941 | TotalExpensesPerForm990 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | FORM 990 PART VI LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 6400 MEMBER-OWNERS EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETING WITH THE EXCEPTION OF MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS. FORM 990 PART VI LINE 7A THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. A NOMINATING COMMITTEE IS FORMED EACH YEAR TO ACCEPT BOARD NOMINATIONS. FORM 990 PART VI LINE 7B CERTAIN CHANGES TO THE GOVERNING DOCUMENTS (CODE OF REGULATIONS) MUST BE APPROVED BY A MAJORITY OF THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE STATE REGULATORY AGENCY. FORM 990 PART VI LINE 11B THE PRESIDENTCEO AND CHIEF FINANCIAL OFFICER WILL REVIEW THE ENTIRE FORM 990 BEFORE IT IS FILED WITH THE IRS. EACH ANSWER IS CONFIRMED AND CHANGES ARE MADE IF NECESSARY. THE COMPLETED FORM IS ALSO SENT TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW BEFORE FILING WITH THE IRS. FORM 990 PART VI LINE 12C BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO BUSINESS RELATIONSHIPS AND FAMILY MEMBERS THAT COULD OR DO CREATE A CONFLICT OF INTEREST. THE SURVEY RESULTS ARE MAINTAINED BY THE PRESIDENTCEO. CONFLICTS ARE DETERMINED BY A REVIEW OF THE POTENTIAL CONFLICTS BY THE CEO AND BOARD MEMBERS. IF A CONFLICT EXISTS THEN THE CONFLICTED PARTY IS EXCUSED FROM DISCUSSIONS AND VOTES RELATED TO THE CONFLICT OF INTEREST. FORM 990 PART VI LINE 15 THE PROCESS USED TO SET THE CEO'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARISON TO SIMILAR SIZED CREDIT UNIONS THROUGH THE USE OF SALARY SURVEYS AS WELL AS ATTAINMENT IN THE CURRENT YEAR OF PERFORMANCE OBJECTIVES SET FOR THE CREDIT UNION. THIS PROCESS IS PERFORMED BY THE COMPENSATION COMMITTEE A SUB-COMMITTEE OF THE BOARD OF DIRECTORS. THE FULL BOARD OF DIRECTORS APPROVES ALL SALARY CHANGES FOR THE CEO UPON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. THIS PROCESS WAS LAST COMPLETED IN DECEMBER 2011 AND IS DONE ON AN ANNUAL BASIS. FORM 990 PART VI LINE 19 THE CREDIT UNION'S CODE OF REGULATIONS POLICIES AND FINANCIAL STATEMENTS CAN BE REVIEWED BY APPOINTMENT AT THE CREDIT UNION'S MAIN OFFICE LOCATION. | Explanation |