LANCASTER RED ROSE CREDIT UNION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
LANCASTER RED ROSE CREDIT UNION (EIN 23-1343877)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202333199349314028
Schema version
2022v5.0
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

FieldValueIRS element (for citing)
Return2023-11-15T13:19:07-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN232108173PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RKL LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11330 BROADCASTING ROADAddressLine1Txt
CityWYOMISSINGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP196106008ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN231343877EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LANCASTER RED ROSE CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLANCBusinessNameControlTxt
Phone7172956685PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line116 E MAIN STREET PO BOX 629AddressLine1Txt
CityLEOLACityNm
State AbbreviationPAStateAbbreviationCd
ZIP17540ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKARA E VINCENTPersonNm
Person TitleCEO/CFOPersonTitleTxt
Phone7172956685PhoneNum
Signature2023-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKARAPersonFirstNm
Person LastVINCENTPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRUTHANN J WOLL CPAPreparerPersonNm
PTINP00647342PTIN
Phone6103761595PhoneNum
Preparation2023-11-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKARA E VINCENTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line116 E MAIN STREET PO BOX 629AddressLine1Txt
CityLEOLACityNm
State AbbreviationPAStateAbbreviationCd
ZIP17540ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,715,820GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.LRRCU.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1948FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionORGANIZED AND OPERATED TO PROMOTE THRIFT AMONG ITS MEMBERS AND A SOURCE OF LOW COST CREDITActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee14TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$3,952TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$1,089,741PYProgramServiceRevenueAmt
CY Program Service Revenue$1,063,778CYProgramServiceRevenueAmt
PY Investment Income$315,062PYInvestmentIncomeAmt
CY Investment Income$652,042CYInvestmentIncomeAmt
PY Other Revenue$7,889PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,412,692PYTotalRevenueAmt
CY Total Revenue$1,715,820CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$577,147PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$522,552CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,184,569PYOtherExpensesAmt
CY Other Expenses$1,362,236CYOtherExpensesAmt
PY Total Expenses$1,761,716PYTotalExpensesAmt
CY Total Expenses$1,884,788CYTotalExpensesAmt
PY Revenues Less Expenses-$349,024PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$168,968CYRevenuesLessExpensesAmt
Total Assets BOY$62,862,077TotalAssetsBOYAmt
Total Assets EOY$59,764,850TotalAssetsEOYAmt
Total Liabilities BOY$57,476,586TotalLiabilitiesBOYAmt
Total Liabilities EOY$54,699,291TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,385,491NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,065,559NetAssetsOrFundBalancesEOYAmt
MissionTHE CREDIT UNION IS ORGANIZED AND OPERATED TO PROMOTE THRIFT AMONG ITS MEMBERS AND TO CREATE A SOURCE OF LOW COST CREDIT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescPROVIDE LOANS TO MORE THAN 5,104 MEMBERS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescPROVIDE FINANCIAL STATEMENTS TO MORE THAN 5,104 MEMBERS.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document602IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee14EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KARA E VINCENTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7172956685PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line116 E MAIN STREET PO BOX 629AddressLine1Txt
CityLEOLACityNm
State AbbreviationPAStateAbbreviationCd
ZIP17540ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
C MICHAEL WETZEL
CHAIRMAN1.00Yes (X)$0$0$0
JAMES T O'BRIEN
VICE-CHAIRMAN1.00Yes (X)$0$0$0
ERNEST DOERSCHUK III
SECRETARY & TRESURER1.00Yes (X)$0$0$0
LOIS M MURSE
DIRECTOR1.00Yes (X)$0$0$0
MYLES CHASSER TILL DECEMBER 2022
DIRECTOR1.00Yes (X)$0$0$0
KARA E VINCENT
CEO45.00$95,000$0$21,340Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$95,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$21,340TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
FISERV
255 FISERV DRIVEBROOKFIELDWI53045ATM/DEBIT/CREDIT CARD SERVICES$335,727
OMEGA SYSTEMS
1121 SNYDER ROADREADINGPA19609IT NETWORK SUPPORT$154,869
BRADFORD-SCOTT
9465 COUNSELORS ROWINDIANAPOLISIN46240DATA PROCESSING$101,872
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST INCOME - MEMB522291$547,890$547,890
OTHER OPERATING INCOME522210$292,975$292,975
FEE INCOME523000$218,961$218,961
NON-MEMBER ATM INCOME522210$3,952$3,952
FieldValueIRS element (for citing)
Total Program Service Revenue$1,063,778TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$652,042TotalRevenueColumnAmt
Exclusion$652,042ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,715,820TotalRevenueColumnAmt
Related Or Exempt Func Income$1,059,826RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$3,952UnrelatedBusinessRevenueAmt
Exclusion$652,042ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$117,966TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$313,694TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$10,974TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$40,694TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$39,224TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,206TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$15,968TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$19,355TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$389,472TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$293,101TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$20,080TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$118,105TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$64,322TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$42,733TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
LENDING EXPENSE$315,855
PROVISION FOR LOAN LOSS$34,893
MISCELLANEOUS$21,699
STATE EXAMINATION FEE$13,240

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$11,207TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,884,788TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$564,985BOYAmt
EOY$445,141EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$30,876,671BOYAmt
EOY$25,267,021EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$89,893BOYAmt
EOY$63,936EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$9,288,781BOYAmt
EOY$11,142,005EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$149,018BOYAmt
EOY$103,944EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,617,639LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$190,114LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,490,206BOYAmt
EOY$1,427,525EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,321,778BOYAmt
EOY$1,507,162EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$17,389,622BOYAmt
EOY$19,131,622EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$691,123BOYAmt
EOY$676,494EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$62,862,077BOYAmt
EOY$59,764,850EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$129,852BOYAmt
EOY$185,245EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$57,346,734BOYAmt
EOY$54,514,046EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$57,476,586BOYAmt
EOY$54,699,291EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$5,385,491BOYAmt
EOY$5,065,559EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,385,491BOYAmt
EOY$5,065,559EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$62,862,077BOYAmt
EOY$59,764,850EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$168,968ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$151,122NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$158OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$191,734OtherCostOrOtherBasisAmt
Book Value$191,734BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,099,380OtherCostOrOtherBasisAmt
Depreciation$87,463DepreciationAmt
Book Value$1,011,917BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$326,525OtherCostOrOtherBasisAmt
Depreciation$102,651DepreciationAmt
Book Value$223,874BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,427,525TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
CERTIFICATES OF DEPOSIT$18,828,000C
CORPORATE CU PAID IN CAPITAL$303,622C
FieldValueIRS element (for citing)
Total Book Value Securities$19,131,622TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
MEMBER SHARE AND SAVINGS ACCTS$47,412,484
MEMBER CERTIFICATES OF DEPOSIT$7,097,655
OTHER LIABILITIES$3,907
FieldValueIRS element (for citing)
Total Liability$54,514,046TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE CREDIT UNION IS A COOPERATIVE OWNED BY ITS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7AEACH OF THE MEMBERS OF THE CREDIT UNION HAS THE RIGHT TO CAST ONE VOTE IN THE ELECTION OF DIRECTORS TO THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7BTHE CREDIT UNION'S VOTING MEMBERS HAVE VOTING INTEREST IN THE ELECTION OF BOARD MEMBERS AND THE APPROVAL OF CONVERSION OF THE CREDIT UNION TO A DIFFERENT CHARTER.
FORM 990, PART VI, SECTION B, LINE 11BTHE CREDIT UNION'S MANAGEMENT TEAM REVIEWS THE FORM 990 PRIOR TO SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12CANY CREDIT UNION EMPLOYEE, DIRECTOR, OFFICER, OR SPOUSE WHO IS ASSOCIATED WITH, OR HOLDS OR HAS A FINANCIAL INTEREST IN ANOTHER FINANCIAL INSTITUTION, TRADE ASSOCIATION OR RELATED BUSINESS SHALL FILE AN ANNUAL DISCLOSURE STATEMENT WITH THE BOARD CHAIRMAN WITHIN 30 DAYS OF JANUARY 1, THE START OF EMPLOYMENT, OR TAKING OFFICE. ANY APPARENT CONFLICT WILL BE RESOLVED BY THE BOARD AND THE INDIVIDUAL. WHEN MATTERS PERTAINING TO THE SPECIFIC PERSONAL INTEREST OF A BOARD MEMBER ARE DISCUSSED, THE AFFECTED BOARD MEMBER OR MEMBER SHALL NOT ENGAGE IN THE DISCUSSION NOR SHALL HE/SHE PARTICIPATE IN THE VOTE, AND THE MINUTES SHALL SO STATE. IF MORE THAN ONE BOARD MEMBER IS INVOLVED IN MATTERS INVOLVING A CONFLICT OF INTEREST AND A VOTE IS CALLED, THE NUMBER VOTING MUST EXCEED THE QUORUM REQUIREMENTS FOR THE MEETING OR UNANIMOUS ACTION IS REQUIRED OF THE VOTING BOARD MEMBERS.
FORM 990, PART VI, SECTION B, LINE 15ATHE BOARD OF DIRECTORS SETS THE SALARY FOR THE CEO. A SALARY SURVEY IS USED FROM CUNA. AN ANNUAL REVIEW IS COMPLETED AND RAISES ARE GIVEN ON A MERIT/GOAL ACCOMPLISHMENT BASIS. THE BOARD SETS THE SALARY FOR SENIOR OFFICERS OTHER THAN THE CEO. A SALARY SURVEY FROM CUNA IS USED. AN ANNUAL REVIEW IS COMPLETED AND RAISES ARE GIVEN ON A MERIT/GOAL ACCOMPLISHMENT BASIS.
FORM 990, PART VI, SECTION C, LINE 19FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION'S LOBBY AND CALL REPORTS CONTAINING FINANCIAL INFORMATION ARE POSTED ON NCUA.GOV. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:PERPETUAL MEMBER FEES PAID IN 158.

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