BELCO COMMUNITY CREDIT UNION: Form 990, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- BELCO COMMUNITY CREDIT UNION (EIN 23-1445884)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-08-21
- IRS object ID
- 202612339349300706
- Schema version
- 2025v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-08-21T10:05:13-05:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 994260840 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOEREN MAYHEW | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8785 SW 165TH AVE STE 303 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33193 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231445884 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BELCO COMMUNITY CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BELC | BusinessNameControlTxt |
| Phone | 8006424482 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 449 EISENHOWER BLVD | AddressLine1Txt |
| City | HARRISBURG | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17111 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | AMEY R SGRIGNOLI | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 8006424482 | PhoneNum |
| Signature | 2026-08-20 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AUBREY CLEGG | PreparerPersonNm |
| PTIN | P01076395 | PTIN |
| Phone | 3052328272 | PhoneNum |
| Preparation | 2026-08-20 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | AMEY R SGRIGNOLI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 449 EISENHOWER BLVD | AddressLine1Txt |
| City | HARRISBURG | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $66,258,064 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.BELCO.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1939 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | WE ARE A LOCALLY BASED, NOT-FOR PROFIT CREDIT UNION DEDICATED TO MEETING THE NEEDS OF THE COMMUNITIES WE SERVE THROUGH EXCEPTIONAL SERVICE AND FINANCIAL EDUCATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 254 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $72,474 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $54,370,666 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $45,168,800 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,305,470 | PYInvestmentIncomeAmt |
| CY Investment Income | $9,321,122 | CYInvestmentIncomeAmt |
| PY Other Revenue | $539,868 | PYOtherRevenueAmt |
| CY Other Revenue | $9,434,358 | CYOtherRevenueAmt |
| PY Total Revenue | $63,216,004 | PYTotalRevenueAmt |
| CY Total Revenue | $63,924,280 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $11,500 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $11,500 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $20,513,640 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $21,326,319 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $39,845,831 | PYOtherExpensesAmt |
| CY Other Expenses | $37,379,781 | CYOtherExpensesAmt |
| PY Total Expenses | $60,370,971 | PYTotalExpensesAmt |
| CY Total Expenses | $58,717,600 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,845,033 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,206,680 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $935,226,776 | TotalAssetsBOYAmt |
| Total Assets EOY | $975,295,480 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $883,127,575 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $907,048,647 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $52,099,201 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $68,246,833 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | WE ARE A LOCALLY BASED, NOT-FOR PROFIT CREDIT UNION DEDICATED TO MEETING THE NEEDS OF THE COMMUNITIES WE SERVE THROUGH EXCEPTIONAL SERVICE AND FINANCIAL EDUCATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDE LOANS INCLUDING MORTGAGE, BUSINESS, HOME EQUITY, CREDIT CARD, SHARE SECURED, VEHICLE, AND LINE OF CREDIT LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $599,600,000 AS OF DECEMBER 31, 2025. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROVIDE MEMBERS WITH REGULAR SAVINGS, SHARE DRAFT, CERTIFICATES OF DEPOSIT, IRA, CLUB, HEALTH SAVINGS, AND MONEY MARKET ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $880,800,000 AS OF DECEMBER 31, 2025. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 19731 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 254 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | REBEKA LANDON | PersonNm |
| Phone | 8006424482 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 449 EISENHOWER BLVD | AddressLine1Txt |
| City | HARRISBURG | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17111 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| TERRY HESSLER | ||||||||
| CHAIRPERSON | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| DAWN GAMBLE | ||||||||
| VICE CHAIRPERSON | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| TIM SUSTAK | ||||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| ERIC LEIDIGH | ||||||||
| SECRETARY | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| STEPHANIE MILLER | ||||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFF STERNER | ||||||||
| TREASURER | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM O'DONNELL | ||||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| AMEY SGRIGNOLI | ||||||||
| CEO | 40.00 | $432,482 | $0 | $257,793 | Yes (X) | |||
| REBEKA LANDON | ||||||||
| SVP OF FINANCE | 40.00 | $225,693 | $0 | $37,075 | Yes (X) | |||
| JASON ALLEN | ||||||||
| SVP OF MEMBER ENGAGEMENT | 40.00 | $206,502 | $0 | $19,464 | Yes (X) | |||
| PAUL PERINI III | ||||||||
| SVP OF MARKETING & BUSISNE | 40.00 | $164,627 | $0 | $34,774 | Yes (X) | |||
| SAMUEL GLESNER | ||||||||
| SVP OF IT AND CS | 40.00 | $188,772 | $0 | $35,566 | Yes (X) | |||
| MICHAEL WOLFE | ||||||||
| SVP OF LENDING | 40.00 | $188,254 | $0 | $35,638 | Yes (X) | |||
| TIMOTHY BRADLEY | ||||||||
| VP OF IT | 40.00 | $169,878 | $0 | $6,821 | Yes (X) | |||
| NATHAN DAVIS | ||||||||
| BUSINESS LENDING MANAGER | 40.00 | $145,885 | $0 | $34,051 | Yes (X) | |||
| ROBERT HOKE | ||||||||
| VP OF CORPORATE SUPPORT | 40.00 | $143,184 | $0 | $33,810 | Yes (X) | |||
| SCOTT SABOLSKY | ||||||||
| IT NETWORK MANAGER | 40.00 | $152,609 | $0 | $33,260 | Yes (X) | |||
| MARTI SPECK | ||||||||
| VP OF HR & TRAINING | 40.00 | $166,957 | $0 | $29,636 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,184,843 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $557,888 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 27 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TRANE US INC | |||||
| PO BOX 406469 | ATLANTA | GA | 30384 | CHILLER REPLACEMENT | $1,746,082 |
| JACK HENRY & ASSOCIATES | |||||
| 663 W HWY 60 PO BOX 609 | MONETT | MO | 65708 | IT SERVICES | $1,245,000 |
| ALKAMI TECHNOLOGY INC | |||||
| PO BOX 670397 | DALLAS | TX | 75267 | IT SERVICES | $859,510 |
| HABERFELD DIRECT LLC | |||||
| 206 S 13TH ST 1500 | LINCOLN | NE | 68508 | MARKETING SERVICES | $605,868 |
| DIEBOLD NIXDORF INCORP | |||||
| PO BOX 643543 | PITTSBURGH | PA | 15264 | ATM SERVICES | $490,628 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 25 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | $35,728,468 | $35,728,468 | |
| FEES & OTHER | 522100 | $9,367,858 | $9,367,858 | |
| FINANCE & INSURANCE | 520000 | $72,474 | $72,474 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $45,168,800 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,799,964 | TotalRevenueColumnAmt |
| Exclusion | $8,799,964 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $111,897 | TotalRevenueColumnAmt |
| Exclusion | $111,897 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $801,310 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $339,234 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $462,076 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $462,076 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $462,076 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,725,708 | SecuritiesAmt |
| Other | $790,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,591,578 | SecuritiesAmt |
| Other | $402,972 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $134,130 | SecuritiesAmt |
| Other | $387,028 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $521,158 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $521,158 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTERCHANGE INCOME | 522100 | $6,256,523 | $6,256,523 |
| OTHER INCOME | 522100 | $2,603,862 | $2,603,862 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $8,860,385 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $63,924,280 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $54,939,945 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $72,474 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,911,861 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,500 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,826,640 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,476,350 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$456,935 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,261,110 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,219,154 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,082 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $176,363 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,576,457 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,227,593 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,481,783 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,892,934 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,497,202 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,491 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,023 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,363,324 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,490,095 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,612 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $4,711,638 |
| PLASTIC CARD EXPENSES | $2,566,866 |
| LENDING EXPENSES | $1,002,252 |
| MISCELLANEOUS | $963,066 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,717,600 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,361,462 | BOYAmt |
| EOY | $23,239,329 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,363,245 | BOYAmt |
| EOY | $124,067,234 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $204,778 | BOYAmt |
| EOY | $822,034 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $627,131 | BOYAmt |
| EOY | $639,079 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $593,677,752 | BOYAmt |
| EOY | $592,812,296 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,868,866 | BOYAmt |
| EOY | $1,933,689 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $54,073,119 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,958,808 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,775,739 | BOYAmt |
| EOY | $24,114,311 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,189,619 | BOYAmt |
| EOY | $145,242,915 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,284,796 | BOYAmt |
| EOY | $1,120,785 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,528 | BOYAmt |
| EOY | $15,482 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,843,860 | BOYAmt |
| EOY | $61,288,326 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $935,226,776 | BOYAmt |
| EOY | $975,295,480 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,523,232 | BOYAmt |
| EOY | $11,863,121 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,000,000 | BOYAmt |
| EOY | $15,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $857,604,343 | BOYAmt |
| EOY | $880,185,526 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $883,127,575 | BOYAmt |
| EOY | $907,048,647 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,099,201 | BOYAmt |
| EOY | $68,246,833 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,099,201 | BOYAmt |
| EOY | $68,246,833 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $935,226,776 | BOYAmt |
| EOY | $975,295,480 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,206,680 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $8,200,208 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $2,740,744 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | 0 | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,299,294 | OtherCostOrOtherBasisAmt |
| Book Value | $6,299,294 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,136,560 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,538,396 | DepreciationAmt |
| Book Value | $16,598,164 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $282,339 | OtherCostOrOtherBasisAmt |
| Depreciation | $247,858 | DepreciationAmt |
| Book Value | $34,481 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,354,926 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,172,554 | DepreciationAmt |
| Book Value | $1,182,372 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $24,114,311 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (10 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| 457 RETIREMENT FUND | $11,386,426 |
| ACCRUED INTEREST | $2,318,206 |
| DEFERRED COMPENSATION PLAN ASSETS | $1,466,827 |
| LIFE INSURANCE | $6,755,065 |
| NCUSIF DEPOSIT | $8,513,964 |
| OTHER ASSETS | $90 |
| NET PENSION ASSETS | $25,813,453 |
| REPOSSESSED ASSETS | $173,590 |
| RIGHT OF USE ASSET | $687,287 |
| CONSTRUCTION IN PROGRESS | $4,173,418 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $61,288,326 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER DEPOSITS | Desc |
| Amt | $880,185,526 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $880,185,526 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $64,448,945 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $185,431 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $185,431 | RevenueNotReportedAmt |
| Revenue Subtotal | $64,263,514 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$339,234 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$339,234 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $63,924,280 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $59,056,834 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $339,234 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $339,234 | ExpensesNotReportedAmt |
| Expenses Subtotal | $58,717,600 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $58,717,600 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES REPORTED AS A REDUCTION OF RENTAL REVENUE IN THE STATEMENT OF FORM 990 BUT REPORTED WITHIN TOTAL EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. -339,234. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES REPORTED AS A REDUCTION OF RENTAL REVENUE IN THE STATEMENT OF FORM 990 BUT REPORTED WITHIN TOTAL EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. 339,234. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOYS AND GIRLS CLUB OF HARRISBURG | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1227 BERRYHILL STREET | AddressLine1Txt |
| City | HARRISBURG | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 231352043 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $0 | CashGrantAmt |
| Non Cash Assistance | $5,500 | NonCashAssistanceAmt |
| Purpose Of Grant | ANNUAL CONTRIBUTION USED TO SUPPORT ORGANIZATION'S PROGRAMS | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 7 | RecipientCnt |
| Cash Grant | $6,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE I, PART III | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION GIFTED $6,000 IN SCHOLARSHIPS TO SEVEN INDIVIDUALS. FIVE STUDENTS RECEIVED $1,000 EACH. THE REMAINING TWO $500 SCHOLARSHIPS WERE SPECIFIC TO BIG SPRING HIGH SCHOOL AND WERE SPONSORED BY THE BULLDOG BRANCH. TO BE ELIGIBLE, APPLICANTS MUST BE A BELCO COMMUNITY CREDIT UNION MEMBER, A GRADUATING HIGH SCHOOL SENIOR OR A COLLEGE OR TRADE STUDENT AND MUST HAVE A MINIMUM 2.5 CUMULATIVE GPA. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMEY SGRIGNOLI | ||||||||||||||
| CEO | $427,996 | $0 | $100 | $0 | $4,386 | $0 | $229,854 | $0 | $27,939 | $0 | $690,275 | $0 | $0 | $0 |
| REBEKA LANDON | ||||||||||||||
| SVP OF FINANCE | $225,165 | $0 | $100 | $0 | $428 | $0 | $9,136 | $0 | $27,939 | $0 | $262,768 | $0 | $0 | $0 |
| JASON ALLEN | ||||||||||||||
| SVP OF MEMBER ENGAGEMENT | $204,984 | $0 | $0 | $0 | $1,518 | $0 | $7,439 | $0 | $12,025 | $0 | $225,966 | $0 | $0 | $0 |
| SAMUEL GLESNER | ||||||||||||||
| SVP OF IT AND CS | $184,316 | $0 | $100 | $0 | $4,356 | $0 | $7,627 | $0 | $27,939 | $0 | $224,338 | $0 | $0 | $0 |
| MICHAEL WOLFE | ||||||||||||||
| SVP OF LENDING | $186,199 | $0 | $100 | $0 | $1,955 | $0 | $7,699 | $0 | $27,939 | $0 | $223,892 | $0 | $0 | $0 |
| PAUL PERINI III | ||||||||||||||
| SVP OF MARKETING & BUSISNE | $163,009 | $0 | $100 | $0 | $1,518 | $0 | $6,835 | $0 | $27,939 | $0 | $199,401 | $0 | $0 | $0 |
| MARTI SPECK | ||||||||||||||
| VP OF HR & TRAINING | $166,417 | $0 | $100 | $0 | $440 | $0 | $1,697 | $0 | $27,939 | $0 | $196,593 | $0 | $0 | $0 |
| SCOTT SABOLSKY | ||||||||||||||
| IT NETWORK MANAGER | $150,379 | $0 | $250 | $0 | $1,980 | $0 | $5,321 | $0 | $27,939 | $0 | $185,869 | $0 | $0 | $0 |
| NATHAN DAVIS | ||||||||||||||
| BUSINESS LENDING MANAGER | $145,335 | $0 | $250 | $0 | $300 | $0 | $6,112 | $0 | $27,939 | $0 | $179,936 | $0 | $0 | $0 |
| ROBERT HOKE | ||||||||||||||
| VP OF CORPORATE SUPPORT | $140,373 | $0 | $100 | $0 | $2,711 | $0 | $5,871 | $0 | $27,939 | $0 | $176,994 | $0 | $0 | $0 |
| TIMOTHY BRADLEY | ||||||||||||||
| VP OF IT | $167,390 | $0 | $100 | $0 | $2,388 | $0 | $6,821 | $0 | $0 | $0 | $176,699 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION MAINTAINED A DEFERRED COMPENSATION PLAN FOR THE CEO, AMEY SGRIGNOLI. THE BALANCE OF THE DEFERRED COMPENSATION PLAN BENEFIT LIABILITY AS OF DECEMBER 31, 2025 WAS $622,900. THE ACCRUED BENEFIT EXPENSE RECORDED FOR THE CEO'S FUTURE BENEFIT PAYOUT WAS $217,418 FOR THE YEAR ENDED DECEMBER 31, 2025. THIS ACCRUAL IS INCLUDED IN THE CEO'S DEFERRED COMPENSATION BENEFITS REPORTED IN SCH J, PART II. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LONNY J MAURER | PersonNm |
| Relationship With Org | FORMER CEO | RelationshipWithOrgTxt |
| Loan Purpose | SPLIT DOLLAR | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $500,000 | OriginalPrincipalAmt |
| Balance Due | $639,079 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $639,079 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE L, PART II | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH A LOAN REGIME ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." THE PROMISSORY NOTE SIGNED BY THE PARTICIPATING EXECUTIVE IS SECURED BY THE LIFE INSURANCE POLICIES PURCHASED ON THE PARTICIPANT'S BEHALF. THAT IS, THE EXECUTIVE'S LOAN FUNDS A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S EXECUTIVE LOAN ORIGINATION VALUE PLUS THE STATED INTEREST. ANY REMAINING DEATH BENEFITS AFTER REPAYMENT OF THE LOANS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS PER THE CONTRACTUAL AGREEMENT. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 3 | PINNACLE BRANCH TRANSITIONED FROM BEING A FULL SERVICE BRANCH TO OFFERING ATM SERVICES ONLY. ALL SERVICES PREVIOUSLY OFFERED AT THE PINNACLE BRANCH CONTINUE TO BE OFFERED AT OTHER BRANCH LOCATIONS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION IS OWNED BY ITS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS. EACH MEMBER HAS A SINGLE VOTE IN THE ELECTION OF MEMBERS TO THE CREDIT UNION'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE CREDIT UNION'S MEMBERS MUST APPROVE: (1) THE MERGER OF THE CREDIT UNION (2) THE DISSOLUTION OR CONVERSION OF THE CREDIT UNION AND (3) CHANGES TO THE CREDIT UNION'S CHARTER, ARTICLES AND BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | A SPECIAL BOARD MEETING IS HELD WHERE THE CREDIT UNION'S BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE ARE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO THE FILING OF THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE, AND KEY BELCO EMPLOYEES MUST DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST, INCLUDING THOSE WHERE THE PERSON HAD INADVERTENTLY BEEN PLACED IN A SITUATION DUE TO EITHER A BUSINESS OR PERSONAL RELATIONSHIP. EACH MEMBER OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE, AND ALL KEY EMPLOYEES COVERED UNDER THIS POLICY WILL ANNUALLY SIGN THE "CONFLICT OF INTEREST STATEMENT" WHICH AFFIRMS THAT EACH PERSON: (1) HAS RECEIVED A COPY OF THE BELCO CONFLICT OF INTEREST POLICY, (2) HAS READ AND UNDERSTANDS THE BELCO CONFLICT OF INTEREST POLICY, (3) HAD AGREED TO COMPLY WITH THE BELCO COMMUNITY CREDIT UNION CONFLICT OF INTEREST POLICY, (4) WAS NOT A PARTICIPANT, DIRECTLY OR INDIRECTLY, IN ANY ARRANGEMENT, AGREEMENT, INVESTMENT, OR OTHER ACTIVITY WITH ANY VENDOR, SUPPLIER, OR OTHER PARTY DOING BUSINESS WITH BELCO COMMUNITY CREDIT UNION THAT HAS RESULTED OR COULD RESULT IN PERSONAL BENEFIT TO THEM, WHICH WAS NOT DISCLOSED TO AND APPROVED BY THE BOARD OF DIRECTORS, AND (5) WAS NOT A RECIPIENT, DIRECTLY OR INDIRECTLY, OF ANY SALARY PAYMENTS, LOANS, GIFTS OF ANY KIND, ANY FREE SERVICE OR DISCOUNTS, OR OTHER FEES FROM OR ON BEHALF OF ANY PERSON OR ENTITY ENGAGED IN ANY TRANSACTION WITH BELCO COMMUNITY CREDIT UNION, WHICH WAS NOT DISCLOSED TO AND APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BASE SALARY FOR THE PRESIDENT/CEO IS BASED ON THE FOLLOWING SOURCES: THE CREDIT UNION USES AN INDEPENDENT NATIONAL PEER COMPARISON STUDY BY THE AMERICA'S CREDIT UNIONS AND THE BALANCEDCOMP COMPENSATION SYSTEM. THE REPORT FROM AMERICA'S CREDIT UNIONS IS CALLED "CREDIT UNION PRESIDENT/CEO COMPENSATION REPORT." CRITERIA USED WITHIN AMERICA'S CREDIT UNIONS' SURVEY INCLUDES: POSITION TITLE, POSITION DESCRIPTION, CREDIT UNION ASSET SIZE, NUMBER OF FULL-TIME EQUIVALENT EMPLOYEES, NUMBER OF SERVICES OFFERED, AMOUNT OF LOANS OUTSTANDING, NUMBER OF MEMBERS, AND NUMBER OF BRANCHES. THE BALANCEDCOMP DATA IS PULLED FROM 22 DIFFERENT SALARY SURVEYS, AND OUR DATA COMPARISON IS FILTERED BY ASSET SIZE, WE COMPARE OUR INFORMATION TO CREDIT UNIONS THAT ARE $600M TO $1B. THE AMERICA'S CREDIT UNIONS' DATA IS PROVIDED WITH AVERAGE BASE SALARY, THEN 25TH, MEDIAN, 75TH, AND 90TH PERCENTILES BALANCEDCOMP PROVIDES A MINIMUM, MID-POINT, AND MAXIMUM BASE SALARY DATA. THE AMERICA'S CREDIT UNIONS' DATA ALSO INCLUDES AVERAGE BONUSES AND INCENTIVES BASED ON THE SAME CRITERIA ABOVE, SUCH AS ASSET SIZE, NUMBER OF BRANCHES, NUMBER OF FTE'S, ETC. BASE SALARY FOR ALL EMPLOYEES IS BASED ON THE DATA PROVIDED BY BALANCEDCOMP. AS EACH EMPLOYEE'S ANNUAL PERFORMANCE EVALUATION ARRIVES, THE PERFORMANCE SCORE DETERMINES THEIR SALARY INCREASE. THEN A FULL SALARY ANALYSIS IS COMPLETED UTILIZING THE DATA IN BALANCEDCOMP SYSTEM. THE EMPLOYEE'S CURRENT COMPA-RATIO RATING COMBINED WITH THEIR PERFORMANCE REVIEW SCORE (VIA A MATRIX) DETERMINES THE OVERALL SALARY INCREASE RECOMMENDATION. THIS INCLUDES THE MERIT INCREASE AND ANY ADDITIONAL AMOUNT THAT MAY BE REQUIRED IN ORDER TO ARRIVE AT THE FULL AMOUNT RECOMMENDED BASED ON THE PERFORMANCE REVIEW SCORE AND COMPA-RATIO RATING. BELCO'S COMPENSATION PHILOSOPHY STATES THAT A NON-EXEMPT EMPLOYEE SHOULD BE AT 99% COMPA-RATIO FOR THEIR POSITION SALARY GRADE RANGE WHEN THEY HAVE ACHIEVED THREE YEARS OF EXPERIENCE IN THEIR ROLE. FOR EXEMPT & EXECUTIVE EMPLOYEES, THE PHILOSOPHY STATES THAT AN EMPLOYEE SHOULD BE AT 97.5% COMPA-RATIO ONCE THEY HAVE ACHIEVED FIVE YEARS OF EXPERIENCE WITHIN THEIR POSITION. THE VICE PRESIDENT OF HUMAN RESOURCES & TRAINING MAKES ANNUAL RECOMMENDATIONS TO THE PRESIDENT/CEO FOR CHANGES TO THE MATRIX THAT DETERMINES OVERALL SALARY INCREASES TO BRING EMPLOYEES IN LINE, OVER TIME, WITH BELCO'S COMPENSATION PHILOSOPHY. FOR THE PRESIDENT/CEO'S SALARY, THE COMPENSATION COMMITTEE MADE UP OF THREE BOARD MEMBERS, AND THE VICE PRESIDENT OF HUMAN RESOURCES, DETERMINE A PERFORMANCE EVALUATION FOR THE MERIT AND POSSIBLE BONUS PAY FOR THE PRESIDENT/CEO. THIS IS DOCUMENTED AND PRESENTED TO THE PRESIDENT/CEO, ON A QUARTERLY BASIS THE PERFORMANCE IS DOCUMENTED, AT YEAR END ONCE FINANCIALS ARE RECEIVED, THE PRESIDENT/CEO DOES A SELF-ASSESSMENT AND THE COMPENSATION COMMITTEE COMPLETES THEIR ASSESSMENT WHICH IS HOW WE ARRIVE AT A RECOMMENDED MERIT INCREASE FOR THE PRESIDENT/CEO, INCLUDING ANY POSSIBLE BONUS. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST, COPIES OF THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF ALL BRANCHES ON A MONTHLY BASIS. QUARTERLY FINANCIAL STATEMENTS (CALL REPORTS) ARE AVAILABLE ON WWW.NCUA.GOV. |
| FORM 990, PART XI, LINE 9: | NET CHANGE IN DEFINED BENEFIT PENSION PLAN 2,388,437. NET CHANGE IN POST RETIREMENT BENEFIT PLAN 352,335. CORRECTION TO OPENING MEMBERS EQUITY -28. |
| FORM 990, PART XII, LINE 2C | THE CREDIT UNION HAS A SUPERVISORY COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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