White Eagle Credit Union FY2020 filing

Augusta, KSUnknown exempt organizationSince 1935EIN 48-0126615Revenue $6.7M in FY2020

On file with the IRSwhiteeaglecu.comPo Box 86 · Augusta, KS

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A financial cooperative dedicated to outstanding personal service, the latest technology and products, and empowering members to improve their financial well-being.

$180K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.9M a year · 21% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$180K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
74 mo
of spending, in cash
Looks good: 74.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$110.1M
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.7M
Spent
$5.7M
Net assets
$16.0M
By yearFY2020–FY2025
Revenue
$6.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6.7M
FY2021$6.6M
FY2022$7.1M
FY2023$8.9M
FY2024$10.8M
FY2025$13.2M
Expenses
$5.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.7M
FY2021$5.0M
FY2022$5.6M
FY2023$7.0M
FY2024$8.5M
FY2025$10.2M
Net assets
$16.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$16.0M
FY2021$17.7M
FY2022$19.3M
FY2023$21.1M
FY2024$23.4M
FY2025$26.4M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990; $180K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$180,445Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Eric Brown$213,019$204,009$191,287$102,623——
Richard Blue————$117,916$180,445
Jennifer Pazzie$141,551$134,476$120,967$126,600$179,930—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers members to improve financial well-being through service, technology, and products.

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

Provides a source of credit to members at a fair and reasonable rate of interest. As of december 31, 2020, there were 6,931 loans outstanding totaling $78,771,511.

Pt IX · col B
02

Provides financial and financially related services to 15,221 members.

Pt IX · col B
03

Paid dividends on member deposits totaling $608,593 for the year.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $26K · 2020–2023
Unitemized GrantFY2023$6,500
Unitemized GrantFY2022$7,000
Unitemized GrantFY2021$6,500
Unitemized GrantFY2020$6,500

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.7M
Ln 12
Fees for servicesLn 2g$6.4M
Investment incomeLn 3$336K
Other incomeLn 4–11$18K
Money outPt IX
$5.7M
Ln 25
Owns and owesPt X
$16.0M
net assets · Ln 32
Cash and savingsLn 1–2$35.0M
Total assetsLn 16$126.1M
LiabilitiesLn 26$110.1M
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.4M
Investment incomeLn 3$336K
Other incomeLn 4–11$18K
Gains on assetsLn 7−$2K
Total revenueLn 12$6.7M
Assets in detailPt X, end of year
CashLn 1$2.5M
SavingsLn 2$32.5M
Cash and savings togetherLn 1–2$35.0M
InvestmentsLn 11–13$3.5M
Land, buildings, equipmentLn 10c$5.2M
Other assetsLn 15$1.3M
Total assetsLn 16$126.1M
LiabilitiesLn 26$110.1M
Net assetsLn 32$16.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$20.9M$35.0M
InvestmentsLn 11–13$3.4M$3.5M
Land, buildings, equipmentLn 10c$5.4M$5.2M
Total assetsLn 16$109.2M$126.1M
LiabilitiesLn 26$94.2M$110.1M
Net assetsLn 32$15.0M$16.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$6K
Pay of current officers, directors and key staffLn 5$244K
Other salaries and wagesLn 7$1.6M
Pension plan contributionsLn 8$84K
Other employee benefitsLn 9$205K
Payroll taxesLn 10$130K
Legal feesLn 11b$27K
Accounting feesLn 11c$60K
Investment management feesLn 11f$5K
Other fees for servicesLn 11g$10K
Advertising and promotionLn 12$196K
Office expensesLn 13$1.4M
Information technologyLn 14$80K
OccupancyLn 16$281K
TravelLn 17$6K
Conferences, conventions and meetingsLn 19$22K
Depreciation, depletion and amortizationLn 22$165K
InsuranceLn 23$59K
Other expenses (24a–d)Ln 24$1.1M
All other expensesLn 24e$284
Total functional expensesLn 25$5.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $13.2M$10.2M$3.0M$26.4M 990 PDF
FY2024 $10.8M$8.5M$2.3M$23.4M 990 PDF
FY2023 $8.9M$7.0M$1.9M$21.1M 990 PDF
FY2022 $7.1M$5.6M$1.6M$19.3M 990 PDF
FY2021 $6.6M$5.0M$1.7M$17.7M 990 PDF
FY2020 Viewing $6.7M$5.7M$1.0M$16.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $6,709,939 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $6,487,130$6,355,912
I-10 Investment incomePrior year $523,476$335,606
I-11 Other revenuePrior year $16,747$18,421
I-12 Total revenuePrior year $7,027,353$6,709,939
I-13 Grants and similar amounts paidPrior year $6,500$6,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,155,981$2,213,181
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,409,117$3,460,673
I-18 Total expensesPrior year $5,571,598$5,680,354
I-19 Revenue less expensesPrior year $1,455,755$1,029,585
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,709,939 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,325,478 · Unrelated business $30,434$6,355,912
VIII-3 Investment incomeRelated to mission $338,048$338,048
VIII-5 RoyaltiesRelated to mission $18,421$18,421
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,442−$2,442
VIII-12 Total revenueRelated to mission $6,679,505 · Unrelated business $30,434 · Excluded from tax $0$6,709,939
Part IX · Statement of functional expenses $5,680,354 across 20 lines filed
IX-2 Grants to domestic individuals$6,500
IX-5 Pay of current officers, directors and key staff$244,394
IX-7 Other salaries and wages$1,550,225
IX-8 Pension plan contributions$83,749
IX-9 Other employee benefits$205,043
IX-10 Payroll taxes$129,770
IX-11b Legal fees$27,464
IX-11c Accounting fees$59,627
IX-11f Investment management fees$5,152
IX-11g Other fees for services$9,931
IX-12 Advertising and promotion$196,395
IX-13 Office expenses$1,422,360
IX-14 Information technology$79,817
IX-16 Occupancy$281,408
IX-17 Travel$5,759
IX-19 Conferences, conventions and meetings$21,530
IX-22 Depreciation, depletion and amortization$165,104
IX-23 Insurance$59,286
IX-24 Other expenses (24a–d)$1,126,556
IX-24e All other expenses$284
IX-25 Total functional expenses$5,680,354
Part X · Balance sheet $126,108,927 assets, 13 lines filed
Asset lines not itemized here account for $78,085,383; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,846,981$2,488,321
X-2 Savings and temporary cash investmentsStart of year $19,038,531$32,547,710
X-4 Accounts receivableStart of year $426,636$2,870,436
X-9 Prepaid expenses and deferred chargesStart of year $174,332$139,674
X-10c Land, buildings and equipment, netStart of year $5,400,171$5,152,381
X-12 Other securitiesStart of year $3,397,301$3,512,875
X-15 Other assetsStart of year $1,160,362$1,312,147
X-16 Total assetsStart of year $109,249,455$126,108,927
X-17 Accounts payable and accrued expensesStart of year $1,556,945$1,492,237
X-25 Other liabilitiesStart of year $92,683,572$108,578,167
X-26 Total liabilitiesStart of year $94,240,517$110,070,404
X-32 Total net assets or fund balancesStart of year $15,008,938$16,038,523
X-33 Total liabilities and net assetsStart of year $109,249,455$126,108,927
Part XI · Reconciliation of net assets $16,038,523 net assets at year end
XI-1 Total revenue$6,709,939
XI-2 Total expenses$5,680,354
XI-3 Revenue less expenses$1,029,585
XI-4 Net assets at start of year$15,008,938
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,038,523

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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