PREVAIL CREDIT UNION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: PREVAIL CREDIT UNION (EIN 91-0556703)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-08-12
IRS object ID: 201112249349301731
Schema version: 2010v3.4
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-08-12T19:42:45-00:00	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	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	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	910556703	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	PREV	NameControl
Phone	2063821888	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	801 SECOND AVENUE Room No 100	AddressLine1
City	SEATTLE	City
State	WA	State
ZIP Code	981041510	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	TOM GRAVES	Name
Title	PRESIDENTCEO	Title
Phone	2063821888	Phone
Date Signed	2011-08-12	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUGLAS ORTH	Name
Phone	3052328272	Phone
Date Prepared	2011-08-12	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	TOM GRAVES	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	801 2ND AVENUE SUITE 100	AddressLine1
City	SEATTLE	City
State	WA	State
ZIP Code	98104	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	74368877	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	1269	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	www.prevailcu.com	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	CREDIT UNION	TypeOfOrgOtherDescription
Year Formation	1940	YearFormation
State Legal Domicile	WA	StateLegalDomicile
Activity Or Mission Description	TO ENHANCE THE QUALITY OF OUR MEMBERS' LIVES WITH OUTSTANDING SERVICE. TO ENHANCE THE QUALITY OF OUR MEMBERS LIVES WITH OUTSTANDING SERVICE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	80	TotalNbrEmployees
Total Nbr Volunteers	9	TotalNbrVolunteers
Total Gross UBI	32178	TotalGrossUBI
Net Unrelated Business Txbl Income	-59966	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	12261455	ProgramServiceRevenuePriorYear
Program Service Revenue CY	12026492	ProgramServiceRevenueCY
Investment Income Prior Year	2479702	InvestmentIncomePriorYear
Investment Income Current Year	2197612	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1273289	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	16014446	TotalRevenuePriorYear
Total Revenue Current Year	14224104	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	4053406	SalariesEtcPriorYear
Salaries Etc Current Year	4175951	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	12904601	OtherExpensePriorYear
Other Expenses Current Year	9737839	OtherExpensesCurrentYear
Total Expenses Prior Year	16958007	TotalExpensesPriorYear
Total Expenses Current Year	13913790	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-943561	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	310314	RevenuesLessExpensesCY
Total Assets BOY	221888364	TotalAssetsBOY
Total Assets EOY	233522431	TotalAssetsEOY
Total Liabilities BOY	203639312	TotalLiabilitiesBOY
Total Liabilities EOY	215522648	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	18249052	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	17999783	NetAssetsOrFundBalancesEOY
Mission Description	TO ENHANCE THE QUALITY OF OUR MEMBERS LIVES WITH OUTSTANDING SERVICE.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	PREVAIL CREDIT UNION SERVICES KING COUNTY GOVERNMENT EMPLOYEES, A WIDE ARRAY OF SEGS AS WELL AS COMMUNITIES WITHIN THE STATE OF WASHINGTON, AND OFFERS A WIDE ARRAY OF PRODUCTS AND SERVICES INCLUDING DEPOSITARY, LOAN PRODUCTS, AND AN ATM/DEBIT PROGRAM. WE ENDED THE YEAR WITH 19,398 MEMBERS, WITH 19,398 SHARE ACCOUNTS AND 10,878 IN OUTSTANDING LOAN ACCOUNTS.	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	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	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	5419	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	80	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	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	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
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	TOM GRAVES	NamePerson
Telephone Number	8002486928	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	801 SECOND AVENUE SUITE 100	AddressLine1
City	SEATTLE	City
State	WA	State
ZIP Code	98104	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (11 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Highest Compensated EmployeeHighestCompensatedEmployee	Individual Trustee Or DirectorIndividualTrusteeOrDirector
THOMAS GRAVES
CEO	040.00	X	196200	0	32124
LAURIE LENO
CFO	040.00	X	119628	0	24650
ROXANNE LAW
COO	040.00		106203	0	17112	X
PHIL POEHLER
CLO	040.00		119061	0	24855	X
JAMES BUCK
BOD CHAIRMAN	001.00		0	0	0		X
LINDA NELSEN
BOD MEMBER	001.00		0	0	0		X
DENNIS BARNES
BOD V.CHAIR	001.00		0	0	0		X
LUDMILA FABER
BOD SECRETARY	001.00		0	0	0		X
NIGEL LEWIS
BOD MEMBER	001.00		0	0	0		X
MICHAEL GEDEON
BOD MEMBER	001.00		0	0	0		X
THOMAS DEMPSEY
BOD MEMBER	001.00		0	0	0		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	541092	TotalReportableCompFromOrg
Total Other Compensation	98741	TotalOtherCompensation
Number Individuals GT100 K	4	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
KPS
PO BOX 339	BREMERTON	WA	98337	MEDICAL PREMIUMS	511587
NW BUILDING LLC
801 2ND AVENUE SUITE 1300	SEATTLE	WA	98104	MANAGEMENT COMPANY	306228
PSCUFS
2411 W PEORIA AVE SUITE 300	PHOENIX	AZ	85029	VISA CREDIT CARD PROCESSOR	276736
FISERV EFT
4550 SW MACADAM AVENUE	PORTLAND	OR	97239	ATM DEBIT CARD PROCESSOR	299563
NCUSIF
1775 DUKE STREET	ALEXANDRIA	VA	22314	PREMIUM ASSESSMENT	532972

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	7	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
INCOME ON LOANS	522100	8657045	8657045
FEES AND CHARGES	522100	3337269	3337269
UNRELATED BUSINESS INCOME	900099	32178		32178

Field	Value	IRS element (for citing)
Total Program Service Revenue	12026492	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1511650	TotalRevenueColumn
Related Or Exempt Function Income	1511650	RelatedOrExemptFunctionIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	45152255	Securities
Other	15678480	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	44903804	Securities
Other	15240969	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	248451	Securities
Other	437511	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	685962	TotalRevenueColumn
Related Or Exempt Function Income	685962	RelatedOrExemptFunctionIncome

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	-38410	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	14224104	TotalRevenueColumn
Related Or Exempt Function Income	14153516	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	32178	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	639833	Total
Program Services	639833	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	2353620	Total
Program Services	2353620	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	58079	Total
Program Services	58079	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	868068	Total
Program Services	868068	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	256351	Total
Program Services	256351	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	17393	Total
Program Services	17393	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	95817	Total
Program Services	95817	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	419523	Total
Program Services	419523	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	451289	Total
Program Services	451289	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	742603	Total
Program Services	742603	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	235282	Total
Program Services	235282	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	543358	Total
Program Services	543358	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	75560	Total
Program Services	75560	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	2272238	Total
Program Services	2272238	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	281221	Total
Program Services	281221	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	72309	Total
Program Services	72309	ProgramServices

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	SEE ATTACHED SCHEDULE	Description
Total	4531246	Total
Program Services	4531246	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	13913790	Total
Program Services	13913790	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	3009929	BOY
EOY	5017868	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	24256182	BOY
EOY	19005009	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	943931	BOY
EOY	1265391	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	135309468	BOY
EOY	130001581	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	258525	BOY
EOY	263010	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	9352161	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3708673	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5704655	BOY
EOY	5643488	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	48075203	BOY
EOY	68003400	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	77136	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	4330471	BOY
EOY	4245548	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	221888364	BOY
EOY	233522431	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1429029	BOY
EOY	1318486	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	202210283	BOY
EOY	214204162	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	203639312	BOY
EOY	215522648	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	18249052	BOY
EOY	17999783	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	18249052	BOY
EOY	17999783	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	221888364	BOY
EOY	233522431	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	310314	ReconcilationRevenueExpenses
Reconcilation Other Changes	-559583	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
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	2347261	OtherCostOrOtherBasis
Book Value	2347261	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4529901	OtherCostOrOtherBasis
Depreciation	1530317	Depreciation
Book Value	2999584	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2474999	OtherCostOrOtherBasis
Depreciation	2178356	Depreciation
Book Value	296643	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	5643488	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
SHARE DRAFTS ACCOUNTS	$22,519,781
SHARE ACCOUNTS	$36,826,416
MONEY MARKET ACCOUNTS	$68,530,048
SHARE AND IRA CERTIFICATES	$86,327,917

Field	Value	IRS element (for citing)
Total Of Amounts	214204162	TotalOfAmounts
Total Revenue	14224104	TotalRevenue
Total Expenses	13913790	TotalExpenses
Excess Or Deficit For Year	310314	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-372616	NetUnrealizedGLOnInvestments
Other	-$186,967	OtherAmount
Total Adjustments	-559583	TotalAdjustments
Excess Or Deficit Per FS	-249269	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	13976446	TotRevenueEtcAuditedFinclStmt
Other Revenues	-250734	OtherRevenues
Revenue Not Rptd F990	-250734	RevenueNotRptdF990
Revenue Subtotal	14227180	RevenueSubtotal
Other Revenues Not Included	-3076	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	-3076	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	14224104	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	13666132	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	-250734	OtherExpensesIncluded
Expenses Not Rptd F990	-250734	ExpensesNotRptdF990
Expenses Subtotal	13916866	ExpensesSubtotal
Other Expenses Not Included	-3076	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	-3076	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	13913790	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
XII	2d	212,324 WRITE DOWN OF SRP INCLUDED IN NET GAIN ON SALE OF LOANS PER AUDITED FINANCIAL STATEMENTS, BUT INCLUDED IN EXPENSES ON THE 990 38,410 OREO WRITE DOWN NETTED AGAINST GAIN ON SALE OF LOANS, BUT INCLUDED IN EXPENSES ON THE 990.
XII	4b	3,076 LOSSES ON SALE OF OREO INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS, BUT INCLUDED IN TOTAL REVENUE ON 990 SINCE LOSSES RESULTED FROM SALES OF ASSETS.
XIII	2d	212,324 WRITE DOWN OF SRP INCLUDED IN NET GAIN ON SALE OF LOANS PER AUDITED FINANCIAL STATEMENTS, BUT INCLUDED IN EXPENSES ON THE 990 38,410 OREO WRITE DOWN NETTED AGAINST GAIN ON SALE OF LOANS, BUT INCLUDED IN EXPENSES ON THE 990.
XIII	4b	3,076 LOSSES ON SALE OF OREO INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS, BUT INCLUDED IN TOTAL REVENUE ON 990 SINCE LOSSES RESULTED FROM SALES OF ASSETS.
X	2	FIN 48 IS NOT APPLICABLE.
XI	8	248,451 RECLASSIFICATION ADJUSTMENTS FOR GAINS INCLUDED IN NET INCOME 61,484 EQUITY ACQUIRED IN MERGER.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	X	CompensationSurvey
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	THOMAS GRAVES	NamePerson
Base Compensation Filing Org	190000	BaseCompensationFilingOrg
Bonus Filing Org	200	BonusFilingOrg
Other Compensation Filing Org	6000	OtherCompensationFilingOrg
Deferred Comp Filing Org	13801	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	18323	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	228324	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990 Part VI	6	THE ORGANIZATION HAS MEMBERS.
Form 990 Part VI	7A	THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS.
Form 990 Part VI	11A	THE CFO IS RESPONSIBLE FOR THE PREPARATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNIONS CEO AND CFO. ONCE ALL PARTIES HAVE COMPLETED THEIR REVIEWS AND THE NECESSARY CORRECTIONS ARE COMPLETED THE RETURN IS FILED.
Form 990 Part VI	15	THE REVIEW OF THE CEOS COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD USES AN EXECUTIVE COMPENSATION SURVEY FROM AN INDEPENDENT THIRD PARTY TO DETERMINE THE CEOS COMPENSATION AND CONSIDERS GOAL ATTAINMENT AND CREDIT UNION PROFITABILITY. FOR ALL OTHER POSITIONS IN THE ORGANIZATION, PAY RANGES ARE REVIEWED AND APPROVED ON AN ANNUAL BASIS BY THE SENIOR MANAGERS OF THE ORGANIZATION UTILIZING DATA FROM AN INDEPENDENT COMPENSTION STUDY. BOARD REVIEW IS ATTAINED THROUGH APPROVAL OF THE ANNUAL BUDGET.
Form 990 Part VI	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.
Form 990 Part XII	5	248,451 RECLASSIFICATION ADJUSTMENTS FOR GAINS INCLUDED IN NET INCOME 61,484 EQUITY ACQUIRED IN MERGER 372,616 CHANGE IN UNREALIZED LOSSES ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE.