BOULDER DAM CREDIT UNION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
BOULDER DAM CREDIT UNION (EIN 88-0059939)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-08-15
IRS object ID
201112279349302541
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-08-15T12:47:38-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1RSM MCGLADREY INCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1801 NICOLLET MALL SUITE 1100AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN880059939EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1BOULDER DAM CREDIT UNIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlBOULNameControl
Phone7022937772Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 61530 530 AVENUE GAddressLine1
CityBOULDER CITYCity
StateNVState
ZIP Code890061530ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameERIC ESTESName
TitleMANAGERTitle
Phone7022937772Phone
Date Signed2011-08-15DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameCOLLIN F BUZZELLName
Phone6125738750Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonERIC ESTESNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1PO BOX 61530 530 AVENUE GAddressLine1
CityBOULDER CITYCity
StateNVState
ZIP Code890061530ZIPCode
FieldValueIRS element (for citing)
Gross Receipts15499566GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
All Affiliates Included1AllAffiliatesIncluded
Organization501cXOrganization501c
Web SiteWWW.BOULDERDAMCU.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1940YearFormation
State Legal DomicileNVStateLegalDomicile
Activity Or Mission DescriptionTO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS OF MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES.ActivityOrMissionDescription
Nbr Voting Members Governing Body7NbrVotingMembersGoverningBody
Nbr Independent Voting Members7NbrIndependentVotingMembers
Total Nbr Employees42TotalNbrEmployees
Total Nbr Volunteers9TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year14243650ProgramServiceRevenuePriorYear
Program Service Revenue CY13350455ProgramServiceRevenueCY
Investment Income Prior Year4519595InvestmentIncomePriorYear
Investment Income Current Year914887InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year60353OtherRevenueCurrentYear
Total Revenue Prior Year18763245TotalRevenuePriorYear
Total Revenue Current Year14325695TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year6730448BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY2492626BenefitsPaidToMembersCY
Salaries Etc Prior Year5007910SalariesEtcPriorYear
Salaries Etc Current Year4652570SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year9343684OtherExpensePriorYear
Other Expenses Current Year10240645OtherExpensesCurrentYear
Total Expenses Prior Year21082042TotalExpensesPriorYear
Total Expenses Current Year17385841TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-2318797RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-3060146RevenuesLessExpensesCY
Total Assets BOY514247710TotalAssetsBOY
Total Assets EOY478908770TotalAssetsEOY
Total Liabilities BOY469112990TotalLiabilitiesBOY
Total Liabilities EOY436834196TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY45134720NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY42074574NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS OF MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
DescriptionONE OF THE CREDIT UNION'S TWO PRIMARY PURPOSES IS TO PROVIDE CREDIT TO ITS' MEMBERS AT A COMPETITIVE RATE. THE CREDIT UNION PROVIDES REAL ESTATE, AUTO, BOAT, RV, SIGNATURE AND VISA LOANS TO ELIGIBLE MEMBERS.Description

Activity2 Activity2

FieldValueIRS element (for citing)
DescriptionTHE SECOND MAIN SERVICE THAT THE CREDIT UNION OFFERS IS DEPOSIT SERVICES TO ELIGIBLE MEMBERS. THE CREDIT UNION OFFERS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, AND INDIVIDUAL RETIREMENT ACCOUNTS TO ALL MEMBERS. IN ORDER TO MAINTAIN A SHARE ACCOUNT AN INDIVIDUAL MUST BE ELIGIBLE FOR MEMBERSHIP. ELIGIBILITY REQUIRES THAT A PERSON MUST LIVE OR WORK IN BOULDER CITY, NEVADA. DUE TO THE EXCEPTIONAL SERVICE LEVEL PROVIDED BY THE CREDIT UNION, APPROXIMATELY 90% OF ELIGIBLE MEMBERS ARE MEMBERS OF THE CREDIT UNION. ONCE AGAIN, THE CREDIT UNION DOES NOT CHARGE ANY FEES FOR DEPOSIT ACCOUNTS, OTHER THAN PUNITIVE FEES FOR OVERDRAFTS AND INSUFFICIENT FUND ITEMS.Description

Activity3 Activity3

FieldValueIRS element (for citing)
DescriptionAN ANCILLARY PRODUCT OFFERED BY THE CREDIT UNION IS THE ELECTRONIC DELIVERY OF SERVICES. THE CREDIT UNION OFFERS DEBIT CARDS, VISA CREDIT CARDS, ATM ACCESS, CUPHONE ACCOUNT ACCESS AND INTERNET ACCOUNT ACCESS. ALL SERVICES ARE OFFERED AT NO COST TO ELIGIBLE MEMBERS. ADDITIONALLY, THE CREDIT UNION BELONGS TO THE CO-OP ATM NETWORK, WHICH ENABLES MEMBERS TO USE NETWORK RELATED ATMS NATIONWIDE WITH NO SURCHARGE. APPROXIMATELY 80% OF OUR MEMBERSHIP UTILIZE SOME TYPE OF ELECTRONIC DELIVERY SERVICE.Description

Activity Other ActivityOther

FieldValueIRS element (for citing)
DescriptionTHE CREDIT UNION ALSO OFFERS THE FOLLOWING PRODUCTS AS PART OF CREDIT UNION MEMBERSHIP. SAFE DEPOSIT BOX SERVICES FOR A NOMINAL CHARGE; LIFE SAVINGS AND LOAN PROTECTION INSURANCE AT NO COST TO THE MEMBER; FREE FINANCIAL EDUCATION CLASSES OFFERED TO ALL JUNIOR AND SENIOR STUDENTS ENROLLED AT BOULDER CITY HIGH SCHOOL; AND, SAVINGS BOND REDEMPTION AND PURCHASE SERVICES AT NO COST TO THE MEMBER.Description
FieldValueIRS element (for citing)
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities1PoliticalActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109610953NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees42NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members7NbrVotingGoverningBodyMembers
Number Independent Voting Members7NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval1DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy0ConflictOfInterestPolicy
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1ERIC ESTESBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number7022937772TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO BOX 61530 530 AVENUE GAddressLine1
CityBOULDER CITYCity
StateNVState
ZIP Code890061530ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
DALE IMLAY
PRESIDENT2.00XX000
MIKE STANKOVIC
VICE-PRESIDENT2.00XX000
CHARMAINE FERRARI
SECRETARY2.00XX000
JAY BOOTH
TREASURER2.00XX000
DOUG SCHEPPMANN
DIRECTOR2.00X000
DIANE BRUMBERG
DIRECTOR2.00X000
ROBERT MERRELL
DIRECTOR2.00X000
BILL FERRENCE
MANAGER40.00X400897037983
ERIC ESTES
ASSISTANT MANAGER40.00212488043094X
PAT KLINGER
OPERATIONS ASSISTANT40.00248692017907X
MARY BETH CLIFT
TELLER SUPERVISOR40.0011101000X
JANICE RINNE
HEAD TELLER40.0010629400X
FieldValueIRS element (for citing)
Total Reportable Comp From Org1079381TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation98984TotalOtherCompensation
Number Individuals GT100 K5NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
FISERV
75 REMITTANCE DRIVE STE 6974CHICAGOIL606756974COMPUTER/IT1285473
STARMARK
400 FIELD DRIVELAKE FORESTIL600452581HEALTH INSURANCE PROVIDER613403
FieldValueIRS element (for citing)
Number Of Contractors GT100 K2NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
LOAN INTEREST5221001249637912496379
FEES AND MISCELLANEOUS522100854076854076
FieldValueIRS element (for citing)
Total Program Service Revenue13350455TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column2088758TotalRevenueColumn
Exclusion$2,088,758ExclusionAmount

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Other1173871Other

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Other-1173871Other

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column-1173871TotalRevenueColumn
Exclusion-$1,173,871ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionOTHER NON-OPERATING REDescription
Business Code522100BusinessCode
Total Revenue Column60353TotalRevenueColumn
Related Or Exempt Function Income60353RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue60353TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column14325695TotalRevenueColumn
Related Or Exempt Function Income13410808RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$914,887ExclusionAmount

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total2492626Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total961061Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total2422413Total

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total464213Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total566953Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total237930Total

Advertising Advertising

FieldValueIRS element (for citing)
Total96902Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total1052428Total

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total620694Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total582982Total

Travel Travel

FieldValueIRS element (for citing)
Total94863Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total21820Total

Insurance Insurance

FieldValueIRS element (for citing)
Total909102Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotal
PROVISION FOR LOAN LOSS6300000
LOAN SERVICING EXPENSES408051
ASSOCIATION DUES59538
NEVADA SUPERVISORY EXPE42119
ATM AND NSF CHECK LOSSE41512

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total10634Total

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total17385841Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY17628093BOY
EOY15998233EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY501BOY
EOY217700EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY221652052BOY
EOY202237940EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis3806331LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec2931039LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY729307BOY
EOY875292EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY267281690BOY
EOY247154668EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY6956067BOY
EOY12424937EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY514247710BOY
EOY478908770EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY1480192BOY
EOY688902EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY467632798BOY
EOY436145294EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY469112990BOY
EOY436834196EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY45134720BOY
EOY42074574EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY45134720BOY
EOY42074574EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY514247710BOY
EOY478908770EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-3060146ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Political Expenditures7500PoliticalExpenditures
Amt Of Internal Funds Contributed7500AmtOfInternalFundsContributed
Total Exmpt Function Expenditures7500TotalExmptFunctionExpenditures
Form1120 Pol Filed1Form1120PolFiled

Sec527 Pol Orgs Sec527PolOrgs

Name Of527 Organization NameOf527Organization

FieldValueIRS element (for citing)
Business Name Line1NCUL PACBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line16475 W SAHARA AVENUEAddressLine1
CityLAS VEGASCity
StateNVState
ZIP Code891463036ZIPCode
FieldValueIRS element (for citing)
EIN880270264EIN
Amt Pd From Internal Funds7500AmtPdFromInternalFunds

Form990 Schedule C Part IV Form990ScheduleCPartIV

FieldValueIRS element (for citing)
IdentifierORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES:Identifier
Return ReferencePART I-A, LINE 1:ReturnReference
ExplanationTHE CREDIT UNION MAKES AN ANNUAL CONTRIBUTION TO THE NEVADA CREDIT UNION POLITICAL ACTION COMMITTEE. THIS PAC MAKES CONTRIBUTIONS TO STATE LEVEL CANDIDATES WHO ARE FRIENDS OF CREDIT UNIONS.Explanation

Schedule D IRS990ScheduleD

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis789308OtherCostOrOtherBasis
Book Value789308BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis3017023OtherCostOrOtherBasis
Depreciation2931039Depreciation
Book Value85984BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings875292TotalOfBookValueLandBuildings

Other Securities OtherSecurities (5 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
HELD-TO-MATURITY SECURITIES106997031F
MEMBER CAPITAL ACCT IN CORP CU21316857F
OTHER INVESTMENTS IN CORP CU92703382F
OTHER INVESTMENTS25099525F
ACCRUED INTEREST/INCOME1037873F
FieldValueIRS element (for citing)
Total Of Book Value Securities247154668TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionMEMBER SHARES AND DEPOSITSDescription
Amount$436,145,294Amount
FieldValueIRS element (for citing)
Total Of Amounts436145294TotalOfAmounts
Total Revenue14325695TotalRevenue
Total Expenses17385841TotalExpenses
Excess Or Deficit For Year-3060146ExcessOrDeficitForYear
Excess Or Deficit Per FS-3060146ExcessOrDeficitPerFS

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
IdentifierDESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:Identifier
Return ReferencePART X:ReturnReference
ExplanationFOR THE YEAR ENDED DECEMBER 31, 2010, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsXTravelForCompanions
Idemnification Gross Up PaymentsXIdemnificationGrossUpPayments
Written Policy Re T And E Expenses1WrittenPolicyReTAndEExpenses
Substantiation Required1SubstantiationRequired
Written Employment ContractXWrittenEmploymentContract
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
BILL FERRENCE
4008970000000379830438880000
ERIC ESTES
20248800010000000430940255582000
PAT KLINGER
21141800037274000179070266599000

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 1AReturnReference
ExplanationPART I, LINE 1A: TRAVEL FOR COMPANIONS: TRAVEL EXPENSES FOR COMPANIONS ARE ALLOWED ONLY WITH APPROVAL OF MANAGEMENT AND DOES NOT ALLOW FOR EXPENSES ABOVE AND BEYOND WHAT IS USUAL AND CUSTOMARY FOR THE LOCATION IN QUESTION. ADDITIONALLY, COMPANION TRAVEL SHOULD NOT BE ALLOWED MORE THAN ONE TIME DURING ANY TWO CALENDAR YEARS AND FOR A PERIOD NOT TO EXCEED ONE WEEK. A 1099 IS ISSUED IF THE $600 REPORTING THRESHOLD IS MET. IN 2010 NO SPOUSE TRAVEL EXCEEDED THE $600 THRESHOLD. TAX INDEMNIFICATION: AS PART OF THE MANAGER'S CONTRACTUAL AGREEMENT WITH THE CREDIT UNION, THE CREDIT UNION AGREES TO PAY FOR BOTH THE EMPLOYER AND EMPLOYEE PORTION OF SOCIAL SECURITY AND MEDICARE. THE EMPLOYEE'S PORTION OF THIS COST WAS $12,606.09 FOR 2010.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION A, LINE 6THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE.
FORM 990, PART VI, SECTION A, LINE 7BMEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
FORM 990, PART VI, SECTION B, LINE 11COMPLETED 990 IS REVIEWED AND APPROVED BY THE MANAGER, ASSISTANT MANAGER, AND OPERATIONS ASSISTANT. ONCE THIS PROCESS IS COMPLETED, A COPY OF THE FINAL 990 IS DISSEMINATED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY.FORM 990, PART VI, SECTION B, LINE 12
A MANAGER'S COMPENSATION IS ESTABLISHED AND APPROVED BY THE ENTIRE BOARD OF DIRECTORS. SENIOR MANAGEMENT SALARIES ARE SUBJECT TO GENERAL INDEX INCREASES APPLIED TO ALL STAFF AND RECOMMENDED BY THE MANAGER TO THE BOARD OF DIRECTORS FOR APPROVAL.FORM 990, PART VI, SECTION B, LINE 15
MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION'S OFFICE.FORM 990, PART VI, SECTION C, LINE 19

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