Credit Union 1 FY2020 filing

Not tax-deductible

Anchorage, AKMutual-benefit / member-servingSince 1982EIN 92-0021481Revenue $65.3M in FY2020

On file with the IRScu1.org1941 Abbott Rd, 99507-3448 · Anchorage, AKTax-exempt since Feb 1993

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Help members achieve their financial goals by focusing on excellent service and value

$3.3M 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
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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 $11.9M a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.3M
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
Cash reserves
35 mo
of spending, in cash
Looks good: 35.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $32K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1B
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$65.3M
Spent
$58.8M
To programs
0%
Net assets
$149.7M
By yearFY2020–FY2025
Revenue
$65.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$65.3M
FY2021$70.7M
FY2022$77.8M
FY2023$92.4M
FY2024$100.7M
FY2025$109.4M
Expenses
$58.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$58.8M
FY2021$56.2M
FY2022$66.5M
FY2023$83.3M
FY2024$86.6M
FY2025$93.7M
Net assets
$149.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$149.7M
FY2021$159.3M
FY2022$146.9M
FY2023$160.9M
FY2024$177.1M
FY2025$199.6M

From the FY2020 Form 990 · figures checked against the IRS filing · 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 ruling in Feb 1993.

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

Who runs it and what they're paid

19 people listed on the 990; $3.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
SVP of Member Assistance
$614,422Pt VII · Sec A
President/CEO
$455,287Pt VII · Sec A
Chief Operating Officer
$289,892Pt VII · Sec A
Chief Lending Officer
$279,241Pt VII · Sec A
VP Chief Audit Executive
$271,899Pt VII · Sec A
Chief Financial Officer
$271,390Pt VII · Sec A
Chief Technology Officer
$266,301Pt VII · Sec A
Director of Project Solutions
$188,223Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Wileman———$761,922$407,381$455,287
Debbie Casey—————$614,422
Mark Burgess$570,260$582,349$437,214$421,156$259,859$266,301
Davina R Simmons-Napier————$408,960$279,241
Charles Bostick———$363,026$269,696$271,390
Rachel Langtry———$320,371$277,630$289,892
Tina Narron$317,361$112,472————
Erika Smith$314,909$296,735$231,763———

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps members reach financial goals through excellent service and value.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Provide services to eligible members

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$32K
Grants paid · 6 grants · $171K · 2020–2025
Unitemized GrantFY2025$33,300
Unitemized GrantFY2024$32,950
Unitemized GrantFY2023$30,550
Unitemized GrantFY2022$32,050
Unitemized GrantFY2021$20,500
Unitemized GrantFY2020$21,450

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$65.3M
Ln 12
Fees for servicesLn 2g$57.3M
Other incomeLn 4–11$6.6M
Investment incomeLn 3$1.3M
Money outPt IX
$58.8M
Ln 25
Owns and owesPt X
$149.7M
net assets · Ln 32
Cash and savingsLn 1–2$173.2M
Total assetsLn 16$1.3B
LiabilitiesLn 26$1.1B
PeoplePt VI, VII
19
listed · VII A
PaidVII A12
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$57.3M
Investment incomeLn 3$1.3M
Other incomeLn 4–11$6.6M
Gains on assetsLn 7−$1.7M
Total revenueLn 12$65.3M
Assets in detailPt X, end of year
CashLn 1$10.6M
SavingsLn 2$162.6M
Cash and savings togetherLn 1–2$173.2M
InvestmentsLn 11–13$202.8M
Land, buildings, equipmentLn 10c$32.6M
Other assetsLn 15$46.1M
Total assetsLn 16$1.3B
LiabilitiesLn 26$1.1B
Net assetsLn 32$149.7M
OperationsPt I, VI
EmployeesI 5509
VolunteersI 610
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$62.8M$173.2M
InvestmentsLn 11–13$127.2M$202.8M
Land, buildings, equipmentLn 10c$34.1M$32.6M
Total assetsLn 16$1.09B$1.29B
LiabilitiesLn 26$949.0M$1.14B
Net assetsLn 32$141.0M$149.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$21K
Pay of current officers, directors and key staffLn 5$1.9M
Pay of disqualified personsLn 6$20.8M
Pension plan contributionsLn 8$1.4M
Other employee benefitsLn 9$4.2M
Payroll taxesLn 10$1.7M
Legal feesLn 11b$166K
Accounting feesLn 11c$379K
Other fees for servicesLn 11g$218K
Advertising and promotionLn 12$1.9M
Office expensesLn 13$7.4M
Information technologyLn 14$3.9M
OccupancyLn 16$2.3M
TravelLn 17$237K
Conferences, conventions and meetingsLn 19$144K
InterestLn 20$4.3M
Depreciation, depletion and amortizationLn 22$3.2M
InsuranceLn 23$354K
Other expenses (24a–d)Ln 24$4.3M
All other expensesLn 24e$0
Total functional expensesLn 25$58.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $109.4M$93.7M$15.8M$199.6M 990 PDF
FY2024 $100.7M$86.6M$14.1M$177.1M 990 PDF
FY2023 $92.4M$83.3M$9.1M$160.9M 990 PDF
FY2022 $77.8M$66.5M$11.2M$146.9M 990 PDF
FY2021 $70.7M$56.2M$14.5M$159.3M 990 PDF
FY2020 Viewing $65.3M$58.8M$6.5M$149.7M 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 $65,289,354 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $58,099,412$57,326,880
I-10 Investment incomePrior year $5,087,974$1,339,972
I-11 Other revenuePrior year $5,424,147$6,622,502
I-12 Total revenuePrior year $68,611,533$65,289,354
I-13 Grants and similar amounts paidPrior year $17,000$21,450
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $30,448,132$29,963,385
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $28,128,826$28,775,998
I-18 Total expensesPrior year $58,593,958$58,760,833
I-19 Revenue less expensesPrior year $10,017,575$6,528,521
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
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 $65,289,354 across 6 lines filed
Lines not itemized here account for $692,986 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,296,040 · Unrelated business $130,302 · Excluded from tax $40,900,538$57,326,880
VIII-3 Investment incomeRelated to mission $3,006,482$3,006,482
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,666,510−$1,666,510
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,929,516$5,929,516
VIII-12 Total revenueRelated to mission $23,883,109 · Unrelated business $505,707 · Excluded from tax $40,900,538$65,289,354
Part IX · Statement of functional expenses $58,760,833 across 20 lines filed
IX-2 Grants to domestic individuals$21,450
IX-5 Pay of current officers, directors and key staff$1,906,904
IX-6 Pay of disqualified persons$20,750,504
IX-8 Pension plan contributions$1,385,967
IX-9 Other employee benefits$4,192,872
IX-10 Payroll taxes$1,727,138
IX-11b Legal fees$166,073
IX-11c Accounting fees$379,144
IX-11g Other fees for services$217,694
IX-12 Advertising and promotion$1,872,394
IX-13 Office expenses$7,434,344
IX-14 Information technology$3,916,220
IX-16 Occupancy$2,254,193
IX-17 Travel$236,794
IX-19 Conferences, conventions and meetings$143,892
IX-20 Interest$4,264,267
IX-22 Depreciation, depletion and amortization$3,207,129
IX-23 Insurance$353,738
IX-24 Other expenses (24a–d)$4,330,116
IX-24e All other expenses$0
IX-25 Total functional expenses$58,760,833
Part X · Balance sheet $1,293,913,722 assets, 12 lines filed
Asset lines not itemized here account for $836,994,117; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $11,328,751$10,568,442
X-2 Savings and temporary cash investmentsStart of year $51,499,841$162,594,935
X-9 Prepaid expenses and deferred chargesStart of year $1,970,396$2,308,202
X-10c Land, buildings and equipment, netStart of year $34,121,396$32,605,624
X-12 Other securitiesStart of year $127,178,135$202,771,819
X-15 Other assetsStart of year $42,179,082$46,070,583
X-16 Total assetsStart of year $1,090,013,655$1,293,913,722
X-17 Accounts payable and accrued expensesStart of year $931,281,768$1,124,596,535
X-25 Other liabilitiesStart of year $14,450,650$16,274,031
X-26 Total liabilitiesStart of year $948,990,049$1,144,222,338
X-32 Total net assets or fund balancesStart of year $141,023,606$149,691,384
X-33 Total liabilities and net assetsStart of year $1,090,013,655$1,293,913,722
Part XI · Reconciliation of net assets $149,691,384 net assets at year end
XI-1 Total revenue$65,289,354
XI-2 Total expenses$58,760,833
XI-3 Revenue less expenses$6,528,521
XI-4 Net assets at start of year$141,023,606
XI-5 Net unrealized gains (losses) on investments$2,139,257
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$149,691,384

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

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