CFCU COMMUNITY CREDIT UNION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- CFCU COMMUNITY CREDIT UNION (EIN 15-0574036)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-15
- IRS object ID
- 201103199349304245
- Schema version
- 2010v3.4
- 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 | 2011-11-15T12:41:52-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIRLEY MORAN FREER & EASSA PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5010 CAMPUSWOOD DR | AddressLine1 |
| City | E SYRACUSE | City |
| State | NY | State |
| ZIP Code | 13057 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 150574036 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CFCU COMMUNITY CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CFCU | NameControl |
| Phone | 6072578500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1030 CRAFT ROAD | AddressLine1 |
| City | ITHACA | City |
| State | NY | State |
| ZIP Code | 14850 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PAUL J KIRK | Name |
| Title | SENIOR VICE PRESIDENT/CFO | Title |
| Phone | 6072578500 | Phone |
| Date Signed | 2011-11-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TAMMY L TRIPPANY | Name |
| Phone | 3154727045 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROBERT O WITTY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1030 CRAFT ROAD | AddressLine1 |
| City | ITHACA | City |
| State | NY | State |
| ZIP Code | 14850 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 35180662 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1953 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | WE ARE A FULL SERVICE FINANCIAL INSTITUTION PROVIDING FINANCIAL AND BANKING SERVICES TO 57,309 MEMBERS. THE CREDIT UNION OFFERS SAVINGS, CHECKING, MONEY MARKET AND CERTIFICATE SHARE ACCOUNTS AS WELL AS 1ST & 2ND MORTGAGES, AUTO, UNSECURED, AND MEMBER BUSINESS LOANS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 180 | TotalNbrEmployees |
| Total Nbr Volunteers | 12 | TotalNbrVolunteers |
| Total Gross UBI | 843617 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -15362 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 20004572 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 19396231 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3587781 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3187965 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 7156700 | OtherRevenuePriorYear |
| Other Revenue Current Year | 7015490 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 30749053 | TotalRevenuePriorYear |
| Total Revenue Current Year | 29599686 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7387560 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7639067 | 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 | 17017676 | OtherExpensePriorYear |
| Other Expenses Current Year | 18035785 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 24405236 | TotalExpensesPriorYear |
| Total Expenses Current Year | 25674852 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6343817 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3924834 | RevenuesLessExpensesCY |
| Total Assets BOY | 629421264 | TotalAssetsBOY |
| Total Assets EOY | 729186996 | TotalAssetsEOY |
| Total Liabilities BOY | 543600970 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 639827751 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 85820294 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 89359245 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PROVIDE THE HIGHEST LEVEL OF PERSONAL FINANCIAL SERVICES IN A FRIENDLY, PROFESSIONAL MANNER; TO ENCOURAGE THRIFT, SAVINGS AND THE WISE USE OF CREDIT; TO INCREASE THE KNOWLEDGE AND ABILITY OF OUR MEMBERS TO MANAGE AND CONTROL THEIR FINANCIAL WELL-BEING; TO PROVIDE SOUND FINANCIAL MANAGEMENT IN ORDER TO MAINTAIN EARNINGS FOR OUR CONTINUED GROWTH AND TO PROVIDE OUR EMPLOYEES WITH A CHALLENGING AND REWARDING CAREER. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDE FINANCIAL AND BANKING SERVICES TO 57,309 MEMBERS. THE CREDIT UNION OFFERS SAVINGS, CHECKING, MONEY MARKET AND CERTIFICATE SHARE ACCOUNTS AS WELL AS 1ST & 2ND MORTGAGES, AUTO, AND UNSECURED LOAN PRODUCTS TO ITS MEMBERS. THE CREDIT UNION OFFERS THESE PRODUCTS AND SERVICES THROUGH BRANCHES, ON-LINE BANKING, CALL CENTER, AND ATMS. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| 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 | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | 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 | 1 | 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 | 1 | 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 | 30 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 180 | 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 |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | 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 | 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 | 0 | 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 | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicy |
| 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 |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAUL KIRK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6072578500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1030 CRAFT ROAD | AddressLine1 |
| City | ITHACA | City |
| State | NY | State |
| ZIP Code | 14850 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (16 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 |
|---|---|---|---|---|---|---|---|
| SUSAN T SCHATTSCHNEIDER | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| ROBERT A CREE | |||||||
| SECRETARY/DIRECTOR | 2.00 | X | 0 | 0 | 0 | X | |
| JOSEPH H DURING JR | |||||||
| TREASURER/DIRECTOR | 2.00 | X | 0 | 0 | 0 | X | |
| SANDY A DRUMLUK | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| JAMES G HENION | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| TONY CAUDILL | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| JAMES PLACE | |||||||
| CHAIRMAN/DIRECTOR | 2.00 | X | 0 | 0 | 0 | X | |
| AMY GONZALEZ | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| ROBERT O WITTY | |||||||
| PRESIDENT/CEO | 40.00 | 267689 | 0 | 0 | X | X | |
| PAUL J KIRK | |||||||
| SR. VICE PRESIDENT/CFO | 40.00 | 107206 | 0 | 0 | X | ||
| SUSAN MURPHY | |||||||
| VICE CHAIR/DIRECTOR | 2.00 | 0 | 0 | 0 | X | ||
| MARTHA PRESTON | |||||||
| MORTGAGE ORIGINATOR | 40.00 | 125147 | 0 | 0 | X | ||
| WILLIAM CRANE | |||||||
| SVP - MORTGAGE OPERATIONS | 40.00 | 137377 | 0 | 0 | X | ||
| JILL CICCONE | |||||||
| SVP HUMAN RESOURCES | 40.00 | 110239 | 0 | 0 | X | ||
| EILEEN COVEY | |||||||
| SVP OPERATIONS | 40.00 | 109744 | 0 | 0 | X | ||
| BETH PUTNAM | |||||||
| SVP BRANCH ADMINSTRATION | 40.00 | 110795 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 968197 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FISERV INC | |||||
| 75 REMITTANCE DRIVE SUITE 6974 | CHICAGO | IL | 606756974 | CORE PROCESSOR | 759063 |
| IMMEDIATE MAILING SERVICE | |||||
| 245 COMMERCIAL BLVD | LIVERPOOL | NY | 13088 | MAIL SERVICE PROVIDER | 450484 |
| FRED RIGER ADVERTISING | |||||
| PO BOX 1623 | BINGHAMTON | NY | 139021623 | MARKETING FIRM | 315337 |
| DIEBOLD INCORPORATED | |||||
| PO BOX 643543 | PITTSBURGH | PA | 152643543 | ATM SERVICER | 177268 |
| CUNA MUTUAL | |||||
| BOX 2964 | MILWAUKEE | WI | 532012964 | BONDING AGENCY | 176965 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| LOAN INTEREST PAID BY | 522100 | 18683352 | 18683352 |
| OTHER SERVICE FEES PAI | 522100 | 712879 | 712879 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 19396231 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3005233 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3005233 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5763708 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5555006 | Securities |
| Other | 25970 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 208702 | Securities |
| Other | -25970 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 182732 | TotalRevenueColumn |
| Related Or Exempt Function Income | 182732 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| LOAN SERVICE FEES | 522100 | 4882834 | 4882834 | |
| GAIN ON SALE OF LOANS | 522100 | 1289039 | 1289039 | |
| CREDIT, LIFE & DISABIL | 522100 | 634694 | 634694 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 208923 | TotalRevenueColumn |
| Unrelated Business Revenue | 208923 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 7015490 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 29599686 | TotalRevenueColumn |
| Related Or Exempt Function Income | 28756069 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 843617 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 374895 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5575689 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 560704 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 667776 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 460003 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 166144 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 392700 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 599470 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 760512 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 480696 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22298 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38711 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8880600 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 472547 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| UNRELATED BUSINESS INCO | 108137 |
| ATM/CREDIT CARD EXP | 2208571 |
| NCUSIF PREMIUM ASSESSME | 1375141 |
| MEMBERSHIP SERVICES | 857827 |
| EQUIPMENT RENTAL & MAIN | 849447 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 822984 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25674852 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18707018 | BOY |
| EOY | 11721118 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 109149090 | BOY |
| EOY | 118587878 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 343686152 | BOY |
| EOY | 349330744 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3192128 | BOY |
| EOY | 3436343 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 16029768 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 8320065 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8071696 | BOY |
| EOY | 7709703 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 146615180 | BOY |
| EOY | 238401210 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 629421264 | BOY |
| EOY | 729186996 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2516467 | BOY |
| EOY | 2393860 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2674888 | BOY |
| EOY | 3054350 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 538409615 | BOY |
| EOY | 634379541 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 543600970 | BOY |
| EOY | 639827751 | 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 | 15582928 | BOY |
| EOY | 15582928 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70237366 | BOY |
| EOY | 73776317 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85820294 | BOY |
| EOY | 89359245 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 629421264 | BOY |
| EOY | 729186996 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3924834 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -385883 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| 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 | 1630163 | OtherCostOrOtherBasis |
| Book Value | 1630163 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7735062 | OtherCostOrOtherBasis |
| Depreciation | 3223845 | Depreciation |
| Book Value | 4511217 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1911143 | OtherCostOrOtherBasis |
| Depreciation | 1042708 | Depreciation |
| Book Value | 868435 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4062617 | OtherCostOrOtherBasis |
| Depreciation | 3673971 | Depreciation |
| Book Value | 388646 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 690783 | OtherCostOrOtherBasis |
| Depreciation | 379541 | Depreciation |
| Book Value | 311242 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 7709703 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| DEPOSITS AT CORPORATE CREDIT UNION | 232446703 | C |
| NCUSIF DEPOSIT | 5494382 | C |
| INVESTMENT IN SUBSIDIARY | 257730 | C |
| DUE FROM SUBSIDIARY | 202395 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 238401210 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBERS SHARE ACCOUNTS | Description |
| Amount | $634,379,541 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 634379541 | TotalOfAmounts |
| Total Revenue | 29599686 | TotalRevenue |
| Total Expenses | 25674852 | TotalExpenses |
| Excess Or Deficit For Year | 3924834 | ExcessOrDeficitForYear |
| Other | -$385,883 | OtherAmount |
| Total Adjustments | -385883 | TotalAdjustments |
| Excess Or Deficit Per FS | 3538951 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 29301226 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 29301226 | RevenueSubtotal |
| Other Revenues Not Included | 298460 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 298460 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 29599686 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 25376392 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 25376392 | ExpensesSubtotal |
| Other Expenses Not Included | 298460 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 298460 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 25674852 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | THE ORGANIZATION HOLD ESCROW ACCOUNTS FOR MORTGAGE LOANS ON THEIR BALANCE SHEET. THESE ACCOUNTS ARE PAID DIVIDENDS. | |
| PART X: | EFFECTIVE JANUARY 1, 2009, THE CREDIT UNION ADOPTED FINANCIAL ACCOUNTING STANDARDS CODIFICATION TOPIC (FASB ASC) 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THERE WAS NO IMPACT TO THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS ATTRIBUTABLE TO THE ADOPTION OF THE STANDARD. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| ACCUMULATED OTHER COMPREHENSIVE (INCOME) LOSS -385,883. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| CUNA REBATE (NETTED ON FINANCIAL STATEMENTS) 298,460. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| CUNA REBATE (NETTED ON FINANCIAL STATEMENTS) 298,460. | 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 | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ROBERT O WITTY | NamePerson |
| Base Compensation Filing Org | 240229 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 27460 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 267689 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule L IRS990ScheduleL
Loan Table LoanTable (24 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| PAUL KIRK | ||||||
| MORTGAGE | X | $221,600 | 221993 | 0 | 1 | 1 |
| PAUL KIRK | ||||||
| VISA | X | $7,500 | 4398 | 0 | 1 | 1 |
| JOSEPH DURING JR | ||||||
| MORTGAGE | X | $110,000 | 78597 | 0 | 1 | 1 |
| JOSEPH DURING JR | ||||||
| 2ND MORTGAGE | X | $50,000 | 39800 | 0 | 1 | 1 |
| BRIAN OURSLER | ||||||
| MORTGAGE | X | $85,000 | 78900 | 0 | 1 | 1 |
| JAMES PLACE | ||||||
| VISA | X | $20,000 | 3111 | 0 | 1 | 1 |
| BETH PUTNAM | ||||||
| MORTGAGE | X | $36,000 | 25143 | 0 | 1 | 1 |
| BETH PUTNAM | ||||||
| 2ND MORTGAGE | X | $30,000 | 4951 | 0 | 1 | 1 |
| BETH PUTNAM | ||||||
| VISA | X | $7,500 | 147 | 0 | 1 | 1 |
| JILL CICCONE | ||||||
| MORTGAGE | X | $64,474 | 34508 | 0 | 1 | 1 |
| JILL CICCONE | ||||||
| 2ND MORTGAGE | X | $35,000 | 20932 | 0 | 1 | 1 |
| JILL CICCONE | ||||||
| VISA | X | $7,000 | 91 | 0 | 1 | 1 |
| JOSEPH DURING | ||||||
| MORTGAGE | X | $110,000 | 84871 | 0 | 1 | 1 |
| JAMES HENION | ||||||
| VISA | X | $9,000 | 402 | 0 | 1 | 1 |
| JAMES HENION | ||||||
| MORTGAGE (REVOLVING) | X | $75,000 | 9988 | 0 | 1 | 1 |
| SUSAN SCHATTSCHNEIDER | ||||||
| MORTGAGE | X | $150,000 | 140291 | 0 | 1 | 1 |
| SUSAN SCHATTSCHNEIDER | ||||||
| 2ND MORTGAGE | X | $35,000 | 31367 | 0 | 1 | 1 |
| ROBERT CREE | ||||||
| MORTGAGE | X | $150,000 | 147967 | 0 | 1 | 1 |
| ROBERT CREE | ||||||
| MORTGAGE | X | $302,000 | 297831 | 0 | 1 | 1 |
| AMY GONZALEZ | ||||||
| MORTGAGE | X | $135,000 | 132868 | 0 | 1 | 1 |
| AMY GONZALEZ | ||||||
| AUTO | X | $28,188 | 27052 | 0 | 1 | 1 |
| SANDY DRUMLUK | ||||||
| MORTGAGE | X | $139,200 | 133729 | 0 | 1 | 1 |
| SANDY DRUMLUK | ||||||
| AUTO | X | $15,542 | 6766 | 0 | 1 | 1 |
| SANDY DRUMLUK | ||||||
| SIGNATURE | X | $3,029 | 850 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 1526553 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | WE ARE A CREDIT UNION WITH MEMBERS. THERE AREN'T DIFFERENT CLASSES OF MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | EVERY MEMBER IS ENTITLED TO ONE VOTE (REGARDLESS OF THE NUMBER OF SHARES THEY OWN) PROVIDED THAT THEY HAVE AT LEAST A $5 SHARE, DO NOT HAVE ANY PAST DUE LOANS, OR HAVE NOT CAUSED THE CREDIT UNION A LOSS. NO MEMBER IS PERMITTED MORE THAN ONE VOTE. | |
| FORM 990, PART VI, SECTION B, LINE 11 | NO REVIEW WAS OR WILL BE CONDUCTED. | |
| THE CEO'S COMPENSATION IS SET ANNUALLY BY THE BOARD OF DIRECTORS. THEY UTILIZE A COMPENSATION SURVEY AND A SALARY RANGE PROVIDED BY A THIRD PARTY VENDOR AS TOOLS TO DETERMINE THE SALARY. THE COMPENSATION OF OTHER KEY EMPLOYEES IS SET BY THE CEO. THE CEO USES SALARY RANGES PROVIDED BY A THIRD PARTY TO DETERMINE THESE SALARIES. | FORM 990, PART VI, SECTION B, LINE 15 | |
| OUR BALANCE SHEET IS POSTED MONTHLY IN THE LOBBY OF EACH BRANCH LOCATION. THE MINUTES TO OUR BOARD OF DIRECTORS MEETINGS AND BYLAWS ARE AVAILABLE FOR REVIEW UPON REQUEST IN OUR MAIN OFFICE (THE DOCUMENTS MUST BE REVIEWED ON-SITE). WE ALSO FILE A QUARTERLY CALL REPORT WITH NCUA WITH DETAILED FINANCIAL AND MISCELLANEOUS INFORMATION WHICH IS AVAILABLE TO THE GENERAL PUBLIC AT WWW.NCUA.GOV. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | ACCUMULATED OTHER COMPREHENSIVE (INCOME) LOSS -385,883. TOTAL TO FORM 990, PART XI, LINE 5: -385,883. | FORM 990, PART XI, LINE 5: |
| THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. | FORM 990, PART XII, LINE 2C |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CFCU FINANCIAL SERVICES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1030 CRAFT ROAD | AddressLine1 |
| City | ITHACA | City |
| State | NY | State |
| ZIP Code | 14850 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 161485702 | EIN |
| Primary Activity | AUTO LEASING | PrimaryActivity |
| Legal Domicile State | NY | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CFCU COMMUNITY CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | -31579 | ShareOfTotalIncome |
| Share Of EOY Assets | 461937 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CFCU FINANCIAL SERVICES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | A | TransactionType |
| Amount Involved | 24824 | AmountInvolved |
| Method Of Amt Determination | FAIR MARKET VALUE | MethodOfAmtDetermination |