Ark Valley Credit Union FY2020 filing

Not tax-deductible

Arkansas City, KSMutual-benefit / member-servingMutual / membership EIN 48-0668113Revenue $2.4M in FY2020Latest return filed Oct 30, 2025

On file with the IRSarkvalleycu.orgArkansas City, KSTax-exempt since Sep 1955

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To provide high quality financial services for our members/owners, enhancing their financial well-being while maintaining the financial strength of the Credit Union.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 48-0668113) · Dispute this line
$103K 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
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $459K a year · 18% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$103K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
92.6 mo
of spending, in cash
92.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$39.3M
89% of total assets
Liabilities are 89% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.4M
Spent
$1.9M
Net assets
$4.7M
By yearFY2020–FY2024
Revenue
$2.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.2M
FY2022$2.3M
FY2023$2.7M
FY2024$3.3M
Expenses
$1.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$1.9M
FY2022$2.1M
FY2023$2.1M
FY2024$2.6M
Net assets
$4.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7M
FY2021$5.0M
FY2022$5.2M
FY2023$6.9M
FY2024$7.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1955.

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

Who runs it and what they're paid

8 people listed on the 990; $103K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$103,203Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kim Anneler$136,950$127,673$118,354$109,827$103,203

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.

See Ark Valley Credit Union executive salaries →

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

Offers members high-quality financial services to boost their well-being and ensure credit union strength.

Questions for Ark Valley Credit Union

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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 3,017 loans outstanding totaling $26,468,905.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 48-0668113) · Dispute this line
Pt IX · Ln 25 · col B
02

Provides financial and financially related services to 8,488 members.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 48-0668113) · Dispute this line
Pt IX · Ln 25 · col B
03

Paid dividends on member deposits totaling $185,269 for the year.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 48-0668113) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$2.1M
Other incomeLn 4–11$184K
Investment incomeLn 3$105K
Money outPt IX
$1.9M
Ln 25
Owns and owesPt X
$4.7M
net assets · Ln 32
Cash and savingsLn 1–2$14.9M
Total assetsLn 16$44.0M
LiabilitiesLn 26$39.3M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$105K
Other incomeLn 4–11$184K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$2.3M
SavingsLn 2$12.6M
Cash and savings togetherLn 1–2$14.9M
Notes and loans receivableLn 7$26.3M
Prepaid expenses and deferred chargesLn 9$67K
Land, buildings, equipmentLn 10c$2.3M
Other assetsLn 15$411K
Total assetsLn 16$44.0M
LiabilitiesLn 26$39.3M
Net assetsLn 32$4.7M
OperationsPt I, VI
EmployeesI 519
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$10.0M$14.9M
Land, buildings, equipmentLn 10c$1.0M$2.3M
Total assetsLn 16$37.9M$44.0M
LiabilitiesLn 26$33.7M$39.3M
Net assetsLn 32$4.2M$4.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$1K
Pay of officers and key staff (Part IX, line 5)Ln 5$111K
Other salaries and wagesLn 7$465K
Pension plan contributionsLn 8$22K
Other employee benefitsLn 9$79K
Payroll taxesLn 10$44K
Accounting feesLn 11c$100K
Other fees for servicesLn 11g$474K
Advertising and promotionLn 12$24K
Office expensesLn 13$86K
Information technologyLn 14$12K
OccupancyLn 16$69K
Conferences, conventions and meetingsLn 19$6K
Depreciation, depletion and amortizationLn 22$66K
InsuranceLn 23$25K
Other expenses (24a–d)Ln 24$301K
All other expensesLn 24e$46K
Total functional expensesLn 25$1.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 30, 2025 $3.3M$2.6M$678K$7.6M 990 PDF
FY2023Filed with the IRS Oct 10, 2024 $2.7M$2.1M$571K$6.9M 990 PDF
FY2022Filed with the IRS Oct 6, 2023 $2.3M$2.1M$229K$5.2M 990 PDF
FY2021Filed with the IRS Oct 8, 2022 $2.2M$1.9M$313K$5.0M 990 PDF
FY2020 ViewingFiled with the IRS Nov 5, 2021 $2.4M$1.9M$503K$4.7M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $2,437,032 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,289,646$2,147,321
I-10 Investment incomePrior year $128,122$105,371
I-11 Other revenuePrior year $59,671$184,340
I-12 Total revenuePrior year $2,477,439$2,437,032
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $1,325$1,335
I-15 Salaries and benefitsPrior year $681,454$721,195
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,392,265$1,211,018
I-18 Total expensesPrior year $2,075,044$1,933,548
I-19 Revenue less expensesPrior year $402,395$503,484
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,437,032 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,144,036 · Unrelated business $3,285$2,147,321
VIII-3 Investment incomeRelated to mission $105,371$105,371
VIII-5 RoyaltiesRelated to mission $14,814$14,814
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $169,526$169,526
VIII-12 Total revenueRelated to mission $2,433,747 · Unrelated business $3,285 · Excluded from tax $0$2,437,032
Part IX · Statement of functional expenses $1,933,548 across 17 lines filed
IX-4 Benefits paid to or for members$1,335
IX-5 Pay of officers and key staff (Part IX, line 5)$111,281
IX-7 Other salaries and wages$464,570
IX-8 Pension plan contributions$21,987
IX-9 Other employee benefits$78,993
IX-10 Payroll taxes$44,364
IX-11c Accounting fees$100,439
IX-11g Other fees for services$473,969
IX-12 Advertising and promotion$24,053
IX-13 Office expenses$86,230
IX-14 Information technology$12,353
IX-16 Occupancy$69,203
IX-19 Conferences, conventions and meetings$6,362
IX-22 Depreciation, depletion and amortization$65,677
IX-23 Insurance$24,999
IX-24 Other expenses (24a–d)$301,283
IX-24e All other expenses$46,450
IX-25 Total functional expenses$1,933,548
Part X · Balance sheet $43,953,037 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,178,228$2,304,406
X-2 Savings and temporary cash investmentsStart of year $8,793,463$12,622,859
X-7 Notes and loans receivableStart of year $26,406,447$26,274,665
X-9 Prepaid expenses and deferred chargesStart of year $66,551$66,913
X-10c Land, buildings and equipment, netStart of year $1,048,156$2,272,810
X-15 Other assetsStart of year $425,900$411,384
X-16 Total assetsStart of year $37,918,745$43,953,037
X-17 Accounts payable and accrued expensesStart of year $297,582$457,947
X-25 Other liabilitiesStart of year $33,425,601$38,796,044
X-26 Total liabilitiesStart of year $33,723,183$39,253,991
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $4,195,562$4,699,046
X-32 Total net assets or fund balancesStart of year $4,195,562$4,699,046
X-33 Total liabilities and net assetsStart of year $37,918,745$43,953,037
Part XI · Reconciliation of net assets $4,699,046 net assets at year end
XI-1 Total revenue$2,437,032
XI-2 Total expenses$1,933,548
XI-3 Revenue less expenses$503,484
XI-4 Net assets at start of year$4,195,562
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,699,046

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

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