White Eagle Credit Union FY2021 filing

Augusta, KSUnknown exempt organizationSince 1935 EIN 48-0126615Revenue $6.6M in FY2021

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.

$298K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2021 · 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
$298K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
116 mo
of spending, in cash
Looks good: 115.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$123.5M
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
$6.6M
-1% vs prior year
Spent
$5.0M
Net assets
$17.7M
By yearFY2020–FY2025
Revenue
$6.6M
FY2021▼ -1%
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
$5.0M
FY2021▼ -13%
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
$17.7M
FY2021▲ +11%
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 FY2021 Form 990 · see the original

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You’re viewing the FY2021 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

13 people listed on the 990; $298K paid to officers and key staff.

Part VII, Section A · reportable compensation
Interim President
$179,930Pt VII · Sec A
President (through 7/5/21)
$117,916Pt VII · Sec A
Treasurer
$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 · FY2021
01

Provides a source of credit to members at a fair and reasonable rate of interest. As of december 31, 2021, there were 6,594 loans outstanding totaling $79,552,434.

Pt IX · col B
02

Provides financial and financially related services to 15,509 members.

Pt IX · col B
03

Paid dividends on member deposits totaling $451,384 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$6.6M
Ln 12
Fees for servicesLn 2g$6.4M
Investment incomeLn 3$222K
Other incomeLn 4–11$20K
Money outPt IX
$5.0M
Ln 25
Owns and owesPt X
$17.7M
net assets · Ln 32
Cash and savingsLn 1–2$47.7M
Total assetsLn 16$141.2M
LiabilitiesLn 26$123.5M
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.4M
Investment incomeLn 3$222K
Other incomeLn 4–11$20K
Total revenueLn 12$6.6M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$46.4M
Cash and savings togetherLn 1–2$47.7M
InvestmentsLn 11–13$6.9M
Land, buildings, equipmentLn 10c$5.1M
Other assetsLn 15$1.4M
Total assetsLn 16$141.2M
LiabilitiesLn 26$123.5M
Net assetsLn 32$17.7M
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 FY21End FY21
Cash and savingsLn 1–2$35.0M$47.7M
InvestmentsLn 11–13$3.5M$6.9M
Land, buildings, equipmentLn 10c$5.2M$5.1M
Total assetsLn 16$126.1M$141.2M
LiabilitiesLn 26$110.1M$123.5M
Net assetsLn 32$16.0M$17.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$47K
Grants to domestic individualsLn 2$6K
Pay of current officers, directors and key staffLn 5$327K
Other salaries and wagesLn 7$1.5M
Pension plan contributionsLn 8$44K
Other employee benefitsLn 9$210K
Payroll taxesLn 10$138K
Legal feesLn 11b$19K
Accounting feesLn 11c$65K
Investment management feesLn 11f$4K
Other fees for servicesLn 11g$11K
Advertising and promotionLn 12$96K
Office expensesLn 13$1.6M
Information technologyLn 14$57K
OccupancyLn 16$279K
TravelLn 17$5K
Conferences, conventions and meetingsLn 19$34K
Depreciation, depletion and amortizationLn 22$142K
InsuranceLn 23$58K
Other expenses (24a–d)Ln 24$305K
All other expensesLn 24e−$346
Total functional expensesLn 25$5.0M

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 Viewing $6.6M$5.0M$1.7M$17.7M 990 PDF
FY2020 $6.7M$5.7M$1.0M$16.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $6,640,710 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $6,355,912$6,399,207
I-10 Investment incomePrior year $335,606$221,898
I-11 Other revenuePrior year $18,421$19,605
I-12 Total revenuePrior year $6,709,939$6,640,710
I-13 Grants and similar amounts paidPrior year $6,500$53,475
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,213,181$2,217,559
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,460,673$2,680,012
I-18 Total expensesPrior year $5,680,354$4,951,046
I-19 Revenue less expensesPrior year $1,029,585$1,689,664
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 $6,640,710 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,370,228 · Unrelated business $28,979$6,399,207
VIII-3 Investment incomeRelated to mission $221,898$221,898
VIII-5 RoyaltiesRelated to mission $19,605$19,605
VIII-12 Total revenueRelated to mission $6,611,731 · Unrelated business $28,979 · Excluded from tax $0$6,640,710
Part IX · Statement of functional expenses $4,951,046 across 21 lines filed
IX-1 Grants to domestic organizations$46,975
IX-2 Grants to domestic individuals$6,500
IX-5 Pay of current officers, directors and key staff$327,356
IX-7 Other salaries and wages$1,498,324
IX-8 Pension plan contributions$43,728
IX-9 Other employee benefits$209,874
IX-10 Payroll taxes$138,277
IX-11b Legal fees$19,028
IX-11c Accounting fees$64,743
IX-11f Investment management fees$4,216
IX-11g Other fees for services$11,006
IX-12 Advertising and promotion$96,154
IX-13 Office expenses$1,606,516
IX-14 Information technology$56,531
IX-16 Occupancy$278,762
IX-17 Travel$4,702
IX-19 Conferences, conventions and meetings$33,579
IX-22 Depreciation, depletion and amortization$142,129
IX-23 Insurance$58,129
IX-24 Other expenses (24a–d)$304,863
IX-24e All other expenses−$346
IX-25 Total functional expenses$4,951,046
Part X · Balance sheet $141,201,914 assets, 13 lines filed
Asset lines not itemized here account for $79,240,833; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,488,321$1,331,145
X-2 Savings and temporary cash investmentsStart of year $32,547,710$46,360,525
X-4 Accounts receivableStart of year $2,870,436$746,727
X-9 Prepaid expenses and deferred chargesStart of year $139,674$138,036
X-10c Land, buildings and equipment, netStart of year $5,152,381$5,116,457
X-12 Other securitiesStart of year $3,512,875$6,865,023
X-15 Other assetsStart of year $1,312,147$1,403,168
X-16 Total assetsStart of year $126,108,927$141,201,914
X-17 Accounts payable and accrued expensesStart of year $1,492,237$1,253,139
X-25 Other liabilitiesStart of year $108,578,167$122,220,588
X-26 Total liabilitiesStart of year $110,070,404$123,473,727
X-32 Total net assets or fund balancesStart of year $16,038,523$17,728,187
X-33 Total liabilities and net assetsStart of year $126,108,927$141,201,914
Part XI · Reconciliation of net assets $17,728,187 net assets at year end
XI-1 Total revenue$6,640,710
XI-2 Total expenses$4,951,046
XI-3 Revenue less expenses$1,689,664
XI-4 Net assets at start of year$16,038,523
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,728,187

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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