PEOPLES CREDIT UNION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: PEOPLES CREDIT UNION (EIN 59-0564247)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-06-07
IRS object ID: 201331589349300608
Schema version: 2012v2.2
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-06-07T11:59:47-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ORTH CHAKLER MURNANE AND CO CPAs	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	12060 SW 129 COURT SUITE 201	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	590564247	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PEOPLES CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	PEOP	NameControl
Phone	9547044100	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	9560 PINES BOULEVARD	AddressLine1
City	PEMBROKE PINES	City
State	FL	State
ZIP Code	33024	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JEFFREY MILLER	Name
Title	PRESIDENTCEO	Title
Date Signed	2013-06-07	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUGLAS ORTH	Name
Phone	3052328272	Phone
Date Prepared	2013-06-07	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Name Of Principal Officer Business NameOfPrincipalOfficerBusiness

Field	Value	IRS element (for citing)
Business Name Line1	JEFFREY T MILLER	BusinessNameLine1

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	9560 PINES BOULEVARD	AddressLine1
City	PEMBROKE PINES	City
State	FL	State
ZIP Code	33024	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	19353137	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	2106	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	www.pcufla.org	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	CREDIT UNION	TypeOfOrgOtherDescription
Year Formation	1991	YearFormation
State Legal Domicile	FL	StateLegalDomicile
Activity Or Mission Description	COMMUNITY CREDIT UNION	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	46	TotalNbrEmployees
Total Nbr Volunteers	7	TotalNbrVolunteers
Total Gross UBI	263789	TotalGrossUBI
Net Unrelated Business Txbl Income	-16382	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3666172	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3810417	ProgramServiceRevenueCY
Investment Income Prior Year	1061658	InvestmentIncomePriorYear
Investment Income Current Year	1141329	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	4727830	TotalRevenuePriorYear
Total Revenue Current Year	4951746	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	2165740	SalariesEtcPriorYear
Salaries Etc Current Year	2124982	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	3123723	OtherExpensePriorYear
Other Expenses Current Year	2724078	OtherExpensesCurrentYear
Total Expenses Prior Year	5289463	TotalExpensesPriorYear
Total Expenses Current Year	4849060	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-561633	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	102686	RevenuesLessExpensesCY
Total Assets BOY	74477877	TotalAssetsBOY
Total Assets EOY	78305736	TotalAssetsEOY
Total Liabilities BOY	67349176	TotalLiabilitiesBOY
Total Liabilities EOY	71156382	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	7128701	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	7149354	NetAssetsOrFundBalancesEOY
Mission Description	COMMUNITY CREDIT UNION	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	1444	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	46	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	WILLIAM WASSERSTROM	NamePerson
Telephone Number	9545151517	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	9560 PINES BOULEVARD	AddressLine1
City	PEMBROKE PINES	City
State	FL	State
ZIP Code	33024	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
J ROSS
CHAIRMAN	001.00	001.00	X	0	0	0
T RIBEL
VICE CHAIRMAN	001.00	001.00	X	0	0	0
SBARR
DIRECTOR	001.00	001.00	X	0	0	0
DBERGER
DIRECTOR	001.00	001.00	X	0	0	0
DHESLER
SECRETARY/TREASURER	001.00	001.00	X	0	0	0
BSAMUELS
CHAIRMAN AUDIT COMM.	001.00	001.00	X	0	0	0
W SERDA
AUDIT COMM.	001.00	001.00	X	0	0	0
JT MILLER
CEO	040.00	040.00		153500	0	14172	X
W WASSERSTROM
V. PRES. FINANCE	040.00	040.00		72774	0	9475	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	226274	TotalReportableCompFromOrg
Total Other Compensation	23647	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
FISERV-AFTECH
455 S GULPH ROAD SUITE 201	KING OF PRUSSIA	PA	19406	DATA PROCESSING	167885
JOKEN ASSOCIATES
PO BOX 552170	DAVIE	FL	33355	RENT-11645 BISCAYNE	124528
FISERV-EFT
4550 SW MACADAM AVENUE	PORTLAND	OR	97239	DATA PROCESSING	176973

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
INTEREST ON LOANS	522100	927209	927209
FEES/CHARGES	522100	2619419	2619419
UNRELATED BUSINESS INCOME	900099	263789		263789

Field	Value	IRS element (for citing)
Total Program Service Revenue	3810417	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	951844	TotalRevenueColumn
Related Or Exempt Function Income	951844	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	14590876	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	14401391	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	189485	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	189485	TotalRevenueColumn
Related Or Exempt Function Income	189485	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	4951746	TotalRevenueColumn
Related Or Exempt Function Income	4687957	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	263789	UnrelatedBusinessRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	249921	Total
Program Services	249921	ProgramServices

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1382177	Total
Program Services	1382177	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	157315	Total
Program Services	157315	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	192743	Total
Program Services	192743	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	142826	Total
Program Services	142826	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	22735	Total
Program Services	22735	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	32067	Total
Program Services	32067	ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Fees For Services Prof Fundraising		FeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	106431	Total
Program Services	106431	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	15065	Total
Program Services	15065	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	245811	Total
Program Services	245811	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	159285	Total
Program Services	159285	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	466993	Total
Program Services	466993	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	6867	Total
Program Services	6867	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	167563	Total
Program Services	167563	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	219868	Total
Program Services	219868	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	108680	Total
Program Services	108680	ProgramServices

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	SEE ATTACHED SCHEDULE	Description
Total	1172713	Total
Program Services	1172713	ProgramServices

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	4849060	Total
Program Services	4849060	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	2532914	BOY
EOY	10232658	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	16654144	BOY
EOY	22275538	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	2770	BOY
EOY	24563	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	12759791	BOY
EOY	13335664	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	128395	BOY
EOY	153436	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	8304249	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	2362696	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5896420	BOY
EOY	5941553	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	19262499	BOY
EOY	14200350	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	14811463	BOY
EOY	9683463	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	1435671	BOY
EOY	1393499	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	993810	BOY
EOY	1065012	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	74477877	BOY
EOY	78305736	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	884805	BOY
EOY	1284968	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	66464371	BOY
EOY	69871414	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	67349176	BOY
EOY	71156382	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	7128701	BOY
EOY	7149354	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	7128701	BOY
EOY	7149354	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	74477877	BOY
EOY	78305736	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	102686	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	-82033	ReconciliationUnrealizedInvest
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Included On FS	false	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2043970	OtherCostOrOtherBasis
Book Value	2043970	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4047472	OtherCostOrOtherBasis
Depreciation	862302	Depreciation
Book Value	3185170	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	293456	OtherCostOrOtherBasis
Depreciation	85418	Depreciation
Book Value	208038	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1919351	OtherCostOrOtherBasis
Depreciation	1414976	Depreciation
Book Value	504375	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	5941553	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (4 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
Financial derivatives and other financial products
Closely-held equity interests
CERTIFICATES OF DEPOSIT	9219000	F
RESTRICTED MEMBERSHIP CAPITAL SHARES	464463	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	9683463	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (6 entries)

DescriptionDescription	AmountAmount
Federal income taxes
MEMBER DEPOSITS - SHARE ACCOUNTS-SAVINGS AND CLUB	$32,588,125
MEMBER DEPOSITS - SHARE DRAFT ACCOUNTS	$13,586,908
MEMBER DEPOSITS - CERTIFICATES	$13,951,255
MEMBER DEPOSITS - IRAs	$1,139,559
MEMBER DEPOSITS - MONEY MARKET ACCOUNTS	$8,605,567

Field	Value	IRS element (for citing)
Total Of Amounts	69871414	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	4951746	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	4951746	RevenueSubtotal
Total Revenue Per Form990	4951746	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	4849060	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	4849060	ExpensesSubtotal
Total Expenses Per Form990	4849060	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	X	Identifier
Return Reference	2	ReturnReference
Explanation	THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN THE INTERNAL REVENUE CODE IRC SECTION 50414. AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNNICAL ADVICE MEMORANDUMS TAMs TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNIONS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITON OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2011, 2010, AND 2009 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	JT MILLER	NamePerson
Title	CEO	Title
Base Compensation Filing Org	130000	BaseCompensationFilingOrg
Bonus Filing Org	17500	BonusFilingOrg
Other Compensation Filing Org	6000	OtherCompensationFilingOrg
Deferred Comp Filing Org	7375	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	6797	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	167672	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

ExplanationExplanation
Form 990 Part VI Section A Line 6 THE ORGANIZATION HAS MEMBERS.
Form 990 Part VI Section A Line 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS.
Form 990 Part VI Section A Line 11B FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AND CEO AS PART OF THE BOARD PACKET AT A FUTURE MEETING AND WILL BE RECORDED IN THE MINUTES OF THAT MEETING.
Form 990 Part VI Section B Line 15A,B THE REVIEW OF THE CEOS COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD USES COMPEASE FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEOS COMPENSATION. THE CEO USES COMPEASE TO REVIEW SALARIES AND PAY RANGES ON AN ANNUAL BASIS FOR ALL OTHER EMPLOYEES.
Form 990 Part VI Section C Line 19 THE CREDIT UNIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING.