THE CREDIT UNION OF RICHMOND INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE CREDIT UNION OF RICHMOND INC (EIN 54-0357460)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-06-10
- IRS object ID
- 201101619349300210
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-06-10T15:22:19-04:00 | 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 | Robert L Mann LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 746 | AddressLine1 |
| City | Fredericksburg | City |
| State | VA | State |
| ZIP Code | 22404 | 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 | 540357460 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHMOND POSTAL CREDIT UNION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | RICH | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1601 OWNBY LANE | AddressLine1 |
| City | Richmond | City |
| State | VA | State |
| ZIP Code | 23220 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JACKIE WILSON | Name |
| Title | PRESIDENTCEO | Title |
| Phone | 8043559684 | Phone |
| Date Signed | 2011-06-10 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT L MANN | Name |
| Phone | 5409032277 | Phone |
| Date Prepared | 2011-06-10 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JACKIE WILSON | NameOfPrincipalOfficerPerson |
| Gross Receipts | 5591344 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.RICHPCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1923 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | CREDIT UNION IS A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 23 | TotalNbrEmployees |
| Total Gross UBI | 12185 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 4920462 | ProgramServiceRevenueCY |
| Investment Income Current Year | 670882 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Current Year | 5591344 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 1203734 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expenses Current Year | 4236364 | OtherExpensesCurrentYear |
| Total Expenses Current Year | 5440098 | TotalExpensesCurrentYear |
| Revenues Less Expenses CY | 151246 | RevenuesLessExpensesCY |
| Total Assets BOY | 85490941 | TotalAssetsBOY |
| Total Assets EOY | 83177999 | TotalAssetsEOY |
| Total Liabilities BOY | 75533036 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 72931219 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 9957905 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 10246780 | NetAssetsOrFundBalancesEOY |
| Mission Description | CREDIT UNION IS A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 5440098 | Expense |
| Revenue | 5591344 | Revenue |
| Description | CREDIT UNION IS A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES | Description |
| Total Program Service Expense | 5440098 | TotalProgramServiceExpense |
| 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 | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | true | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | 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 | true | 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 | 2858 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 23 | 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 | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | 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 | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | false | RegularMonitoringEnforcement |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JACKIE WILSON | NamePerson |
| Telephone Number | 8043559684 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1601 OWNBY LANE | AddressLine1 |
| City | Richmond | City |
| State | VA | State |
| ZIP Code | 23220 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | FormerFormer |
|---|---|---|---|---|---|---|---|
| ALPHONSO MILES | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| ALVIN STROTHER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DONALD HALL | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| GERALDINE HORNE | |||||||
| ASSISTANT SECRETARY | 1.00 | X | 0 | 0 | 0 | ||
| GLORIA SHAW | |||||||
| DIRECTOR | 1.00 | X | |||||
| JAMES DAVIDSON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| RICHARD TWIGGS | |||||||
| DIRECTOR | 1.00 | X | |||||
| WAYNE BOOTHE | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| WAYNE LAUTERBACH | |||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | ||
| YVONNE BAYLOR | |||||||
| SECRETARYTREASURER | 1.00 | X | 0 | 0 | 0 | ||
| JACKIE WILSON | |||||||
| PRESIDENTCEO | 40.00 | 22500 | 0 | X | |||
| JOSEPH HADDON | |||||||
| FORMER PRESIDENTCEO | 40.00 | 92629 | 12922 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 115129 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 12922 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | false | 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 PORTICO | |||||
| 75 REMITTANCE DRIVE | Chicago | IL | 606756974 | DATA PROCESSOR | 446093 |
| FISERV EFT | |||||
| PO BOX 60000 | San Francisco | CA | 94160 | CARD PROCESSOR | 319335 |
| ANTHEM | |||||
| PO BOX 17499 | Baltimore | MD | 212971499 | HEALTH INSURANCE | 114065 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| LOAN INTEREST INCOME | 900099 | 3896084 | 3896084 | |
| FEES AND CHARGES | 900099 | 1024378 | 1012193 | 12185 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4920462 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 670882 | TotalRevenueColumn |
| Related Or Exempt Function Income | 670882 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5591344 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5579159 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 12185 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 128051 | Total |
| Program Services | 128051 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 695115 | Total |
| Program Services | 695115 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 204555 | Total |
| Program Services | 204555 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111427 | Total |
| Program Services | 111427 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64586 | Total |
| Program Services | 64586 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62936 | Total |
| Program Services | 62936 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14256 | Total |
| Program Services | 14256 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 966733 | Total |
| Program Services | 966733 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113848 | Total |
| Program Services | 113848 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103041 | Total |
| Program Services | 103041 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 446093 | Total |
| Program Services | 446093 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 153330 | Total |
| Program Services | 153330 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 131721 | Total |
| Program Services | 131721 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1453975 | Total |
| Program Services | 1453975 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98973 | Total |
| Program Services | 98973 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47952 | Total |
| Program Services | 47952 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| MISC EXP | 17421 | 17421 |
| CASH OVER SHORT | 250 | 250 |
| PROVISION FOR LOAN LOSSES | 573758 | 573758 |
| LOSS ON INVESTMENTS | 52077 | 52077 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5440098 | Total |
| Program Services | 5440098 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1447436 | BOY |
| EOY | 6545624 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3485484 | BOY |
| EOY | 5262189 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9011 | BOY |
| EOY | 1625 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 386219 | BOY |
| EOY | 382123 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56187620 | BOY |
| EOY | 53929517 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 186267 | BOY |
| EOY | 172986 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2624200 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1083745 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1510573 | BOY |
| EOY | 1540455 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20261061 | BOY |
| EOY | 13913900 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2017270 | BOY |
| EOY | 1429580 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85490941 | BOY |
| EOY | 83177999 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 501073 | BOY |
| EOY | 481881 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75031963 | BOY |
| EOY | 72449338 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75533036 | BOY |
| EOY | 72931219 | 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 | 9957905 | BOY |
| EOY | 10246780 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9957905 | BOY |
| EOY | 10246780 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85490941 | BOY |
| EOY | 83177999 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 151246 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 137629 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | false | FSAudited |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 288670 | OtherCostOrOtherBasis |
| Book Value | 288670 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1458832 | OtherCostOrOtherBasis |
| Depreciation | 557754 | Depreciation |
| Book Value | 901078 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 876698 | OtherCostOrOtherBasis |
| Depreciation | 525991 | Depreciation |
| Book Value | 350707 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1540455 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| FEDERAL AGENCY OBLIGATIONS | 13638024 | F |
| VIRGINIA CORP PAID IN CAPITAL | 197914 | C |
| CUSC OF VIRGINIA | 65124 | C |
| CU 24 INC | 8864 | C |
| RICHMOND POSTAL GROUP LLC | 3974 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 13913900 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets (9 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| NCUSIF | 789869 |
| ACCRUED INT ON LOANS | 365001 |
| BORROWER INT RECEIVABLE | 1741 |
| SUBS INT REC | 2437 |
| ACCRUED INT ON INVESTMENTS | 118632 |
| ACCRUED INCOME ON VISA | 10264 |
| PURCHASED ACCRUED INTEREST INV | 10633 |
| POSTAGE STAMPS | 774 |
| ACH IN PROCESS | 270 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1429580 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (7 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SHAREDRAFTS | $2,923,181 |
| REGULAR SHARES | $22,486,033 |
| SHARE CERTIFICATES | $40,327,352 |
| IRA ACCOUNTS | $6,465,878 |
| CHRISTMAS SAVINGS | $80,275 |
| ESCROW SHARES | $96,457 |
| ORGANIZATION ACCOUNTS | $70,162 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 72449338 | TotalOfAmounts |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| 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 | JOSEPH HADDON | NamePerson |
| Base Compensation Filing Org | 92629 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 12922 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 105551 | 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 (13 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| WAYNE LAUTERBACH | ||||||
| SECOND MORTGAGE LOAN | X | $87,426 | 106205 | false | true | true |
| WAYNE BOOTHE | ||||||
| FIRST MORTGAGE LOAN | X | $100,100 | 79261 | false | true | true |
| WAYNE BOOTHE | ||||||
| NEW AUTO LOAN | X | $10,000 | 4281 | false | true | true |
| JAMES DAVIDSON | ||||||
| FIRST MORTGAGE LOAN | X | $125,000 | 62989 | false | true | true |
| DONALD HALL | ||||||
| FIRST MORTGAGE LOAN | X | $86,500 | 58204 | false | true | true |
| DONALD HALL | ||||||
| NEW AUTO LOAN | X | $7,000 | 1150 | false | true | true |
| GLORIA SHAW | ||||||
| FIRST MORTGAGE LOAN | X | $40,000 | 21521 | false | true | true |
| GLORIA SHAW | ||||||
| SHARE SECURED LOAN | X | $5,000 | 1502 | false | true | true |
| GERALDINE HORNE | ||||||
| LINE OF CREDIT | X | $3,000 | 6226 | false | true | true |
| GERALDINE HORNE | ||||||
| CREDIT CARD | X | $10,000 | 8986 | false | true | true |
| DONALD HALL | ||||||
| CREDIT CARD | X | $10,000 | 63 | false | true | true |
| ALVIN STROTHER | ||||||
| INSTALLMENT | X | $27,176 | 27176 | false | true | true |
| GLORIA SHAW | ||||||
| CREDIT CARD | X | $5,000 | 4559 | false | true | true |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 382123 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 01. Members or stockholder classes and rights (Part VI, line 6) | CREDIT UNIONS ARE FINANCIAL INSTITUTIONS FORMED BY AN ORGANIZED GROUP OF PEOPLE WITH A COMMON BOND EACH MEMBER OWNS ONE SHARE EACH MEMBER HAS ONE VOTE TO ELECT THE BOARD OF DIRECTORS |
| 02. Member election for additional members (Part VI, line 7a) | CREDIT UNIONS ARE FINANCIAL INSTITUTIONS FORMED BY AN ORGANIZED GROUP OF PEOPLE WITH A COMMON BOND EACH MEMBER OWNS ONE SHARE EACH MEMBER HAS ONE VOTE TO ELECT THE BOARD OF DIRECTORS |
| 03. Form 990 governing body review (Part VI, line 11) | THE PRESIDENTCEO REVIEWED THE 990 PRIOR TO ITS FILING |
| 04. CEO, executive director, top management comp (Part VI, line 15a) | THE CEOS SALARY IS APPROVED AND SET BY THE BOARD OF DIRECTORS ANNUALLY |
| 05. Governing documents, etc, available to public (Part VI, line 19) | GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC MEMBERS OF THE CREDIT UNION MAY REVIEW GOVERNING DOCUMENTS AT THE CREDIT UNION |
| 06. Explanation of other changes in net assets or fund balances (Part XI, line 5) | CREDIT UNION MAINTAINS A DEFINED BENEFIT RETIREMENT PLAN FOR ALL EMPLOYEES OTHER CHANGE TO NET ASSETS IS OTHER COMPREHENSIVE INCOME RECOREDED IN ACCORDANCE TO SFAS NO 87 AS AMENDED BY SFAS NOS 132 AND 158 OTHER CHANGE IN NET ASSETS IS COMPRISED OF THE OCI FOR THE UNREALIZED GAIN ON AVAILABLE FOR SALE INVESTMENTS OF 18731770 AND THE OCI FOR THE DEFINED BENEFIT PENSION PLAN OF 49689 RETAINED EARNINGS JANUARY 1 2010 XXX-XX-XXXX NET INCOME FOR THE YEAR 15124575 OCI-DEFINED BENEFIT PENSION 4968900 OCI - AFS SECURITIES 18731770 RETAINED EARNINGS DECEMBER 31 2010 1024677960 |
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