AMERICU CREDIT UNION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- AMERICU CREDIT UNION (EIN 15-0542361)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-11
- IRS object ID
- 202543159349304589
- Schema version
- 2024v5.2
- 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) |
|---|---|---|
| Return | 2025-11-11T14:05:28-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 161148763 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIRLEY MORAN FREER & EASSA CPA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 EAST JEFFERSON STREET SUITE 920 | AddressLine1Txt |
| City | SYRACUSE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 150542361 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICU CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AMER | BusinessNameControlTxt |
| Phone | 3153563213 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1916 BLACK RIVER BOULEVARD | AddressLine1Txt |
| City | ROME | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13440 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRYAN DELEHANTY | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 3153563213 | PhoneNum |
| Signature | 2025-09-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JAMES J CORCORAN CPA | PreparerPersonNm |
| PTIN | P00541593 | PTIN |
| Phone | 3154727045 | PhoneNum |
| Preparation | 2025-11-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RONALD BELLE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1916 BLACK RIVER BOULEVARD | AddressLine1Txt |
| City | ROME | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13440 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $198,541,907 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.AMERICU.ORG | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | STATE CHARTERED CREDIT UNION | OtherOrganizationDsc |
| Formation | 1956 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE FINANCIAL AND BANKING SERVICES TO IT'S MEMBERS. THE CREDIT UNION OFFERS SAVINGS, SHARE DRAFTS, 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 SERVICES THROUGH A BRANCH NETWORK, CALL CENTER, ON-LINE AND AUTOMATED ATM AND KIOSK TECHNOLOGIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 533 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $2,277,119 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $140,858,288 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $155,933,979 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,555,159 | PYInvestmentIncomeAmt |
| CY Investment Income | $15,552,654 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,871,922 | PYOtherRevenueAmt |
| CY Other Revenue | $3,477,001 | CYOtherRevenueAmt |
| PY Total Revenue | $153,285,369 | PYTotalRevenueAmt |
| CY Total Revenue | $174,963,634 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $12,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $12,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $34,841,944 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $38,108,055 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $100,546,522 | PYOtherExpensesAmt |
| CY Other Expenses | $125,989,628 | CYOtherExpensesAmt |
| PY Total Expenses | $135,400,466 | PYTotalExpensesAmt |
| CY Total Expenses | $164,109,683 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $17,884,903 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,853,951 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,686,903,497 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,762,401,905 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,468,334,393 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,531,450,138 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $218,569,104 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $230,951,767 | NetAssetsOrFundBalancesEOYAmt |
| Mission | AMERICU CREDIT UNION STRIVES TO BE THE PRIMARY FINANCIAL RESOURCE FOR ITS MEMBERS. OUR MISSION IS TO EXCEED MEMBER EXPECTATIONS AND BUILD BENEFICIAL AND LASTING RELATIONSHIPS BY PROVIDING EXCELLENT FINANCIAL SERVICES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $164,109,683 | ExpenseAmt |
| Grant | $12,000 | GrantAmt |
| Revenue | $157,133,861 | RevenueAmt |
| Desc | STATE CHARTERED CREDIT UNION - PROVIDE FINANCIAL SERVICES TO ITS MEMBERSHIP THROUGH A NETWORK OF BRANCHES AND AUTOMATED SYSTEMS AND SERVICES | Desc |
| Total Program Service Expenses | $164,109,683 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 42275 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 533 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRYAN DELEHANTY | PersonNm |
| Phone | 3153563213 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1916 BLACK RIVER BLVD | AddressLine1Txt |
| City | ROME | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13440 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JOHN STEVENSON | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| GEORGE BAUER | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| TERRI TULOWIECKI | ||||||||
| CFO/DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RYAN KUHNS | ||||||||
| RECORDING SECRETARY/ BOD | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH TURCZYN | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JENNIFER STOWELL | ||||||||
| VICE CHAIRMAN OF THE BOARD | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| NICOLA FABRIZIO | ||||||||
| CHAIRMAN OF THE BOARD | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| RONALD BELLE | ||||||||
| PRESIDENT/CEO | 40.00 | $672,258 | $0 | $7,412 | Yes (X) | |||
| ALISSA SYKES TULLOCH | ||||||||
| EXECUTIVE VP/COO | 40.00 | $347,583 | $0 | $22,223 | Yes (X) | |||
| BRYAN DELEHANTY | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | $308,177 | $0 | $23,953 | Yes (X) | |||
| STEVE RAMIREZ | ||||||||
| CHIEF MARKETING OFFICER | 40.00 | $262,964 | $0 | $11,074 | Yes (X) | |||
| CATHERINE FELTZ | ||||||||
| SENIOR MORTGAGE LOAN OFFIC | 40.00 | $401,527 | $0 | $28,911 | Yes (X) | |||
| MARK LIVESEY | ||||||||
| CHIEF RISK OFFICER | 40.00 | $244,083 | $0 | $34,133 | Yes (X) | |||
| DYANA O'NEILL | ||||||||
| CHIEF EXPERIENCE OFFICER | 40.00 | $219,303 | $0 | $36,911 | Yes (X) | |||
| KAREN LAPLANTE | ||||||||
| CHIEF TALENT OFFICER | 40.00 | $218,490 | $0 | $28,467 | Yes (X) | |||
| STEPHANIE MCGUIRE | ||||||||
| SENIOR MORTGAGE LOAN OFFICER | 40.00 | $237,531 | $0 | $39,782 | Yes (X) | |||
| RAYMOND ACOSTA | ||||||||
| FINANCIAL ADVISOR | 40.00 | $232,046 | $0 | $24,583 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,143,962 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $257,449 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 31 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| AMPLIFI | |||||
| 1620 BOND STREET | NAPERVILLE | IL | 60563 | CREDIT CARD REWARDS VENDOR & BALLOON LEN | $1,229,232 |
| LANVERA LTD | |||||
| 112 WRANGLER DR | COPPELL | TX | 75019 | TECHNOLOGY & COMMUNICATION SERVICES | $1,053,791 |
| CDW DIRECT LLC | |||||
| 200 N MILWAUKEE AVE | VERNON HILLS | IL | 60061 | TECHNOLOGY SOLUTIONS | $914,108 |
| LEARFIELD COMMUNICATIONS LLC | |||||
| 2400 DALLAS PARKWAY SUITE 500 | PLANO | TX | 75093 | TECHNOLOGY SERVICES | $472,986 |
| GETNICK LIVINGSTON ATKINSON & PRIORE | |||||
| 258 GENESEE STREET | UTICA | NY | 13502 | LEGAL | $400,650 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 29 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LOAN INTEREST PAID BY MEMBERS | 522100 | $130,054,375 | $130,054,375 |
| SERVICE FEE'S & CHARGES | 522100 | $25,879,604 | $25,879,604 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $155,933,979 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,947,770 | TotalRevenueColumnAmt |
| Exclusion | $9,947,770 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,650 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,800 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$150 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$150 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$150 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $28,661,308 | SecuritiesAmt |
| Other | $520,049 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $23,056,179 | SecuritiesAmt |
| Other | $520,294 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,605,129 | SecuritiesAmt |
| Other | -$245 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,604,884 | TotalRevenueColumnAmt |
| Exclusion | $5,604,884 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| INSURANCE & INVESTMENT BROKERAGE | 524292 | $1,775,074 | $1,775,074 | |
| GAIN ON SALES OF LOANS | 522100 | $1,409,024 | $1,409,024 | |
| ATM SURCHARGE FEES | 522100 | $502,045 | $502,045 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$208,992 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$208,992 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,477,151 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $174,963,634 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $157,133,861 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,277,119 | UnrelatedBusinessRevenueAmt |
| Exclusion | $15,552,654 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,401,411 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,305,052 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $987,413 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,408,732 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,005,447 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,373,461 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,373 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $308,753 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,844 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,573,360 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,086,544 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,925,876 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,705,169 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $207,134 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $338,918 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,613,485 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,471,494 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $414,670 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| MEMBER DIVIDEND EXPENSE | $49,213,107 |
| PROVISION FOR LOAN LOSS | $27,334,668 |
| LOAN SERVICING, PROF & | $10,686,141 |
| ATM/DEBIT CARD EXPENSE | $5,195,203 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,316,428 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $164,109,683 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,524,234 | BOYAmt |
| EOY | $19,613,054 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,650,172 | BOYAmt |
| EOY | $57,608,167 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,975,430 | BOYAmt |
| EOY | $22,195,734 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,149,045 | BOYAmt |
| EOY | $17,373,698 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,534,314 | BOYAmt |
| EOY | $4,689,524 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $46,169,022 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $19,044,893 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,797,557 | BOYAmt |
| EOY | $27,124,129 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $245,244,187 | BOYAmt |
| EOY | $220,185,541 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,282,028,558 | BOYAmt |
| EOY | $2,393,612,058 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,686,903,497 | BOYAmt |
| EOY | $2,762,401,905 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,695,607 | BOYAmt |
| EOY | $14,794,217 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,221 | BOYAmt |
| EOY | $15,748 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $205,569,275 | BOYAmt |
| EOY | $156,404,440 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,248,058,290 | BOYAmt |
| EOY | $2,360,235,733 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,468,334,393 | BOYAmt |
| EOY | $2,531,450,138 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $218,569,104 | BOYAmt |
| EOY | $230,951,767 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $218,569,104 | BOYAmt |
| EOY | $230,951,767 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,686,903,497 | BOYAmt |
| EOY | $2,762,401,905 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $10,853,951 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,528,712 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,573,571 | OtherCostOrOtherBasisAmt |
| Book Value | $4,573,571 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,236,082 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,426,369 | DepreciationAmt |
| Book Value | $20,809,713 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,709,463 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,973,439 | DepreciationAmt |
| Book Value | $736,024 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,649,906 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,645,085 | DepreciationAmt |
| Book Value | $1,004,821 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $27,124,129 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER SECURITIES | Desc |
| Book Value | $220,185,541 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $220,185,541 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (14 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| LOANS TO MEMBERS | $2,359,968,355 |
| PROVISION FOR LOAN LOSS - LOANS TO MEMBERS | -$33,458,543 |
| LOAN SERVICING RIGHTS | $15,524,949 |
| NATIONAL CREDIT UNION SHARE INSURANCE FUND (NCUSIF) | $21,164,743 |
| INVESTMENT IN PSCU CREDIT CARD PROVIDER | $2,412,361 |
| NCB COMMUNITY INVESTMENT CERTIFICATE | $250,000 |
| UNIVERSAL SHARING NETWORK | $44,127 |
| CAPITAL STOCK AT FEDERAL HOME LOAN BANK & CAPITAL SHARES AT ALLOYA CORPORATE | $10,729,200 |
| CONSOLIDATIONS AND ELIMINATIONS | -$2,347,527 |
| INVESTORS SECONDARY CAPITAL FUND | $200,000 |
| LEASE CLEARING | $265,655 |
| INVESTMENT IN CUSO'S | $1,844,572 |
| RIGHT OF USE ASSET | $8,379,874 |
| LOANS HELD FOR SALE | $8,634,292 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,393,612,058 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| MEMBER SHARE ACCOUNTS | $2,348,632,830 |
| MISC OPERATING LIABILITIES | $1,859,295 |
| ROU LIABILITY - CURRENT | $2,948,518 |
| ROU LIABILITY - NONCURRENT | $5,716,672 |
| RESERVE FOR UNFUNDED COMMITMENTS | $1,078,418 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,360,235,733 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | AMOUNTS ARE HELD IN ESCROW FOR REAL ESTATE TAXES PAYABLE FOR MORTGAGE LOANS TO MEMBERS. |
| PART X, LINE 2: | THE CREDIT UNION COMPLIES WITH FASB ASC TOPIC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THERE WAS NO IMPACT TO THE ACCOMPANYING FINANCIAL STATEMENTS ATTRIBUTABLE TO THIS ASC FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 12 | RecipientCnt |
| Cash Grant | $12,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | SCHOLARSHIP FUNDS ARE PROVIDED TO COLLEGE BOUND SENIORS ON AN ANNUAL BASIS. AWARDS ARE TYPICALLY $1,000 EACH. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RONALD BELLE | ||||||||||||||
| PRESIDENT/CEO | $669,696 | $0 | $0 | $0 | $2,562 | $0 | $0 | $0 | $7,412 | $0 | $679,670 | $0 | $0 | $0 |
| CATHERINE FELTZ | ||||||||||||||
| SENIOR MORTGAGE LOAN OFFIC | $48,340 | $0 | $353,187 | $0 | $0 | $0 | $0 | $0 | $28,911 | $0 | $430,438 | $0 | $0 | $0 |
| ALISSA SYKES TULLOCH | ||||||||||||||
| EXECUTIVE VP/COO | $347,583 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22,223 | $0 | $369,806 | $0 | $0 | $0 |
| BRYAN DELEHANTY | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $308,177 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23,953 | $0 | $332,130 | $0 | $0 | $0 |
| MARK LIVESEY | ||||||||||||||
| CHIEF RISK OFFICER | $244,083 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34,133 | $0 | $278,216 | $0 | $0 | $0 |
| STEPHANIE MCGUIRE | ||||||||||||||
| SENIOR MORTGAGE LOAN OFFICER | $237,531 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $39,782 | $0 | $277,313 | $0 | $0 | $0 |
| STEVE RAMIREZ | ||||||||||||||
| CHIEF MARKETING OFFICER | $194,839 | $0 | $15,000 | $0 | $53,125 | $0 | $0 | $0 | $11,074 | $0 | $274,038 | $0 | $0 | $0 |
| RAYMOND ACOSTA | ||||||||||||||
| FINANCIAL ADVISOR | $49,952 | $0 | $182,094 | $0 | $0 | $0 | $0 | $0 | $24,583 | $0 | $256,629 | $0 | $0 | $0 |
| DYANA O'NEILL | ||||||||||||||
| CHIEF EXPERIENCE OFFICER | $219,303 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36,911 | $0 | $256,214 | $0 | $0 | $0 |
| KAREN LAPLANTE | ||||||||||||||
| CHIEF TALENT OFFICER | $218,490 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $28,467 | $0 | $246,957 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | SCHEDULE J, PART 1, LINE 1A - BOARD MEMBERS TRAVELING ON OFFICIAL CREDIT UNION BUSINESS ARE ALLOWED TO BRING A GUEST. IF THE GUEST AMOUNTS EXCEED $600, A 1099-MISC IS ISSUED. THE PRESIDENT/CEO'S SALARY IS GROSSED UP PER CONTRACT TO COVER THE COST OF 401K CONTRIBUTIONS AND FICA TAXES. SCHEDULE J, PART 1, LINE 3 - AMERICU CREDIT UNION'S BOARD OF DIRECTORS CONTRACTS WITH A REPUTABLE AGENCY TO PERFORM A CEO COMPENSATION ANALYSIS ON AN ANNUAL BASIS OR BI-ANNUAL BASIS. SCHEDULE J, PART 1, LINE 4B - THE PRESIDENT/CEO RECEIVES COMPENSATION PER CONTRACT FROM A SERP. SCHEDULE J, PART I, LINE 4B: ON DECEMBER 28TH, 2020 AMERICU CREDIT UNION ENTERED INTO A SPLIT DOLLAR LIFE INSURANCE AGREEMENT WITH RONALD E. BELLE, JR., CEO. THE FUNDING AMOUNT WAS $16,490,000 AND THE INTEREST ACCRUES AT AN ANNUAL RATE OF 1.31%. DURING 2020, THE LOAN ACCRUED $2,367 IN INTEREST. DURING 2021, AMERICU CREDIT UNION PAID $1,668,278 PREMIUM AND THE LOAN ACCRUED $216,050 IN INTEREST. DURING 2022, AMERICU CREDIT UNION PAID $1,668,278 PREMIUM AND THE LOAN ACCRUED $218,880 IN INTEREST. DURING 2023, AMERICU CREDIT UNION PAID $1,668,278 PREMIUM AND THE LOAN ACCRUED $221,748 IN INTEREST. DURING 2024, AMERICU CREDIT UNION PAID $1,668,278 PREMIUM AND THE LOAN ACCRUED $224,652 IN INTEREST. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RONALD E BELLE JR | PersonNm |
| Relationship With Org | CEO | RelationshipWithOrgTxt |
| Loan Purpose | SPLIT DOLLAR LIFE INSURANCE | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $16,490,000 | OriginalPrincipalAmt |
| Balance Due | $17,373,698 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $17,373,698 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | EACH INDIVIDUAL WHO ESTABLISHES A $.01 SHARE WITH THE CREDIT UNION IS CONSIDERED A MEMBER. ANY PERSON WHO LIVES, WORKS, ATTENDS SCHOOL, OR WORSHIPS IN AMERICU'S MULTI-COUNTY FOOTPRINT IS ELIGIBLE TO BECOME A MEMBER OF THE CREDIT UNION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS, AT LEAST 120 CALENDAR DAYS PRIOR TO THE ANNUAL MEETING, SHALL APPOINT A NOMINATING COMMITTEE OF THREE (3) MEMBERS. SUCH COMMITTEE SHALL MAKE NOMINATION FOR DIRECTORS IN WRITING. IF THE BOARD OF DIRECTORS SHALL FAIL TO ACT AT LEAST 120 CALENDAR DAYS PRIOR TO THE ANNUAL MEETING, NOMINATIONS FOR DIRECTORS MAY BE MADE AT THE ANNUAL MEETING BY ANY MEMBER AND SHALL BE VOTED UPON. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS COMPLETED BY A SENIOR FINANCIAL ANALYST AND REVIEWED BY THE VP-FINANCE/CFO PRIOR TO SUBMISSION TO ENSURE THAT ALL ITEMS HAVE BEEN COMPLETED ACCURATELY AND THOROUGHLY. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL EMPLOYEES ARE REQUIRED TO READ THE CONFLICT OF INTEREST POLICY AND ELECTRONICALLY SIGN THAT THEY AGREE AND WILL COMPLY WITH THE POLICY. THIS IS DONE ON AN ANNUAL BASIS. |
| FORM 990, PART VI, SECTION B, LINE 15 | PART VI, SECTION B, LINE 15A: AMERICU'S BOARD OF DIRECTORS CONTRACTS WITH REPUTABLE AGENCY TO PERFORM A CEO COMPENSATION STUDY ANNUALLY OR BI-ANNUALLY. THIS AGENCY SPECIALIZES IN PROVIDING CREDIT UNION SERVICES, SUCH AS COMPENSATION & BENEFITS, MARKET COMPARISONS AND EXECUTIVE RECRUITING. THE CEO POSITION AND STATUS OF THE CREDIT UNION ARE REVIEWED FOR CHANGES, SUCH AS INCREASES IN ASSETS OR PRODUCT/SERVICE OFFERINGS. COMPARISONS ARE MADE TO MARKET FOR SIMILAR REGION, SIZE, AND OTHER FACTORS AND THE JOB IS PRICED BY THE CONSULTING FIRM. THE BOARD REVIEWS THE RESULTS AND AGREES ON SPECIFIC PERFORMANCE GOALS AS IDENTIFIED IN THE CREDIT UNION'S ANNUAL BALANCED SCORECARD. COMPENSATION IS ALIGNED WITH THE PERFORMANCE GOALS WITH COMP ADJUSTMENTS MADE WHEN EARNED. PART VI, SECTION B, LINE 15B: A COMPENSATION STUDY IS DONE BI-ANNUALLY BY A RESPECTED OUTSIDE CONSULTING FIRM. ALL POSITIONS ARE REVIEWED BASED ON JOB DESCRIPTION AND RESPONSIBILITIES. COMPARISONS ARE MADE TO MARKET FOR SIMILAR AREA AND REPONSIBILITIES AND ADJUSTMENTS ARE MADE AS REQUIRED. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES OF FINANCIAL INFORMATION ARE POSTED ON THE BULLETIN BOARD AT EACH PHYSICAL BRANCH FOR MEMBER REVIEW AT THEIR LEISURE. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| AMERICU INSURANCE SERVICES LLC | |||||||||
| 1916 BLACK RIVER BLVD | ROME | NY | 13440 | 161600258 | CUSO | NY | $347,744 | $2,357,335 | AMERICU CREDIT UNION |
| CONNECT HOLDING COMPANY LLC | |||||||||
| 1916 BLACK RIVER BLVD | ROME | NY | 13440 | 932997532 | CUSO | NY | -$8,242 | $97,971 | AMERICU CREDIT UNION |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAMILTON ASSOCIATES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1916 BLACK RIVER BLVD | AddressLine1Txt |
| City | ROME | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 13440 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 161231045 | EIN |
| Primary Activities | FINANCIAL TAX SERVICES - ELECTRONIC TAX FILINGS | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERCU CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | -$25 | ShareOfTotalIncomeAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| AMERICU INSURANCE SERVICES LLC | ||
| K | $1,800 | RENT EXPENSE |
| AMERICU INSURANCE SERVICES LLC | ||
| A | $10,485 | INTEREST INCOME |
| HAMILTON ASSOCIATES INC | ||
| A | $186 | INTEREST INCOME |
Comments