Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder |
As a credit union we have members pay a $10 membership fee to open their first share account with us. |
Form 990, Part VI, Line 11b: Form 990 Review Process |
The CFO reviews the 990 and the supporting schedules. After the review and before it is filed, the Form 990 is reviewed by the CEO and the directors. |
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
All officers and key employees are required yearly to affirm that they have disclosed interests that could give rise to conflicts. Directors are asked initially to disclose any of these interests and are made aware regularly that they must disclose any new interests, but they are not required to do so formally each year. |
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
The organization places monthly summarized and yearly detailed financial statements on its website. The governing body documents and conflict of interest policies are available upon request. |
Other Changes In Net Assets Or Fund Balances - Other Decreases |
Decrease in Cash = -$7512071 |
Other Changes In Net Assets Or Fund Balances - Other Increases |
Decrease in Notes Payable = $4000000 |
Other Changes In Net Assets Or Fund Balances - Other Decreases |
Decrease in Other Loans = -$30433689 |
Other Changes In Net Assets Or Fund Balances - Other Decreases |
Decrease in Unrealized Gain/Loss = -$153778 |
Other Changes In Net Assets Or Fund Balances - Other Increases |
Decrease of Accounts payable = $4113381 |
Other Changes In Net Assets Or Fund Balances - Other Decreases |
Decrease of intangible assets = -$118096 |
Other Changes In Net Assets Or Fund Balances - Other Decreases |
Decrease of investments program related = -$0 |
Other Changes In Net Assets Or Fund Balances - Other Decreases |
Decrease of Land and Building = -$0 |
Other Changes In Net Assets Or Fund Balances - Other Decreases |
Decrease of Loans from disqualified person = -$601969 |
Other Changes In Net Assets Or Fund Balances - Other Increases |
Decrease of Unrealized gain/loss = $341931 |
Other Changes In Net Assets Or Fund Balances - Other Increases |
Increase of Cash = $0 |
Other Changes In Net Assets Or Fund Balances - Other Increases |
Increase of Investments Program Related = $14246559 |
Other Changes In Net Assets Or Fund Balances - Other Increases |
Increase of Land and Building = $597579 |
Other Changes In Net Assets Or Fund Balances - Other Increases |
Increase of loans and receivables, net = $0 |
Other Changes In Net Assets Or Fund Balances - Other Increases |
Increase of other assets = $0 |
Other Changes In Net Assets Or Fund Balances - Other Increases |
Increase of Prepaids = $69086 |
Other Changes In Net Assets Or Fund Balances - Other Increases |
Increase of savings and tem cash investment = $29792751 |
Other Changes In Net Assets Or Fund Balances - Other Decreases |
Net Income = -$14752384 |
Other Changes In Net Assets Or Fund Balances - Other Decreases |
Notes Payable = -$0 |
Other Changes In Net Assets Or Fund Balances - Other Decreases |
Other Assets = -$3662624 |
Other Changes In Net Assets Or Fund Balances - Other Decreases |
Prepaids = -$0 |