TOWER FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan TOWER FEDERAL CREDIT UNION RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2023 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-06-30 | $0 |
| Total income from all sources (including contributions) | 2023-06-30 | $11,957,150 |
| Total loss/gain on sale of assets | 2023-06-30 | $0 |
| Total of all expenses incurred | 2023-06-30 | $2,613,615 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-06-30 | $2,613,165 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-06-30 | $4,100,000 |
| Value of total assets at end of year | 2023-06-30 | $89,802,891 |
| Value of total assets at beginning of year | 2023-06-30 | $80,459,356 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-06-30 | $450 |
| Total interest from all sources | 2023-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-06-30 | No |
| Was this plan covered by a fidelity bond | 2023-06-30 | Yes |
| Value of fidelity bond cover | 2023-06-30 | $10,000,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2023-06-30 | No |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-06-30 | No |
| Value of net income/loss | 2023-06-30 | $9,343,535 |
| Value of net assets at end of year (total assets less liabilities) | 2023-06-30 | $89,802,891 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-06-30 | $80,459,356 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-06-30 | No |
| Value of interest in pooled separate accounts at end of year | 2023-06-30 | $85,702,891 |
| Value of interest in pooled separate accounts at beginning of year | 2023-06-30 | $77,459,356 |
| Net investment gain/loss from pooled separate accounts | 2023-06-30 | $7,857,150 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2023-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-06-30 | No |
| Contributions received in cash from employer | 2023-06-30 | $4,100,000 |
| Employer contributions (assets) at end of year | 2023-06-30 | $4,100,000 |
| Employer contributions (assets) at beginning of year | 2023-06-30 | $3,000,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-06-30 | $2,613,165 |
| Contract administrator fees | 2023-06-30 | $450 |
| Did the plan have assets held for investment | 2023-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-06-30 | Unqualified |
| Accountancy firm name | 2023-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
| Accountancy firm EIN | 2023-06-30 | 591906466 |
| 2022 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-07-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-07-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-07-01 | $0 |
| Total income from all sources (including contributions) | 2022-07-01 | $11,957,150 |
| Total loss/gain on sale of assets | 2022-07-01 | $0 |
| Total of all expenses incurred | 2022-07-01 | $2,613,615 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-07-01 | $2,613,165 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-07-01 | $4,100,000 |
| Value of total assets at end of year | 2022-07-01 | $89,802,891 |
| Value of total assets at beginning of year | 2022-07-01 | $80,459,356 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-07-01 | $450 |
| Total interest from all sources | 2022-07-01 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-07-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-07-01 | No |
| Was this plan covered by a fidelity bond | 2022-07-01 | Yes |
| Value of fidelity bond cover | 2022-07-01 | $10,000,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2022-07-01 | No |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-07-01 | No |
| Value of net income/loss | 2022-07-01 | $9,343,535 |
| Value of net assets at end of year (total assets less liabilities) | 2022-07-01 | $89,802,891 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-07-01 | $80,459,356 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-07-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-07-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-07-01 | No |
| Value of interest in pooled separate accounts at end of year | 2022-07-01 | $85,702,891 |
| Value of interest in pooled separate accounts at beginning of year | 2022-07-01 | $77,459,356 |
| Net investment gain/loss from pooled separate accounts | 2022-07-01 | $7,857,150 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-07-01 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-07-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-07-01 | No |
| Contributions received in cash from employer | 2022-07-01 | $4,100,000 |
| Employer contributions (assets) at end of year | 2022-07-01 | $4,100,000 |
| Employer contributions (assets) at beginning of year | 2022-07-01 | $3,000,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-07-01 | $2,613,165 |
| Contract administrator fees | 2022-07-01 | $450 |
| Did the plan have assets held for investment | 2022-07-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-07-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-07-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-07-01 | 1 |
| Accountancy firm name | 2022-07-01 | NEARMAN, MAYNARD, VALLEZ, CPAS |
| Accountancy firm EIN | 2022-07-01 | 591906466 |
| Total unrealized appreciation/depreciation of assets | 2022-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
| Total income from all sources (including contributions) | 2022-06-30 | $-10,918,855 |
| Total loss/gain on sale of assets | 2022-06-30 | $0 |
| Total of all expenses incurred | 2022-06-30 | $3,000,045 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-06-30 | $2,996,584 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-06-30 | $3,000,000 |
| Value of total assets at end of year | 2022-06-30 | $80,459,356 |
| Value of total assets at beginning of year | 2022-06-30 | $94,378,256 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-06-30 | $3,461 |
| Total interest from all sources | 2022-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-06-30 | No |
| Was this plan covered by a fidelity bond | 2022-06-30 | Yes |
| Value of fidelity bond cover | 2022-06-30 | $10,000,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2022-06-30 | No |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-06-30 | No |
| Value of net income/loss | 2022-06-30 | $-13,918,900 |
| Value of net assets at end of year (total assets less liabilities) | 2022-06-30 | $80,459,356 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-06-30 | $94,378,256 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-06-30 | No |
| Value of interest in pooled separate accounts at end of year | 2022-06-30 | $77,459,356 |
| Value of interest in pooled separate accounts at beginning of year | 2022-06-30 | $90,878,256 |
| Net investment gain/loss from pooled separate accounts | 2022-06-30 | $-13,918,855 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-06-30 | No |
| Contributions received in cash from employer | 2022-06-30 | $3,000,000 |
| Employer contributions (assets) at end of year | 2022-06-30 | $3,000,000 |
| Employer contributions (assets) at beginning of year | 2022-06-30 | $3,500,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-06-30 | $2,996,584 |
| Contract administrator fees | 2022-06-30 | $3,461 |
| Did the plan have assets held for investment | 2022-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-06-30 | Unqualified |
| Accountancy firm name | 2022-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
| Accountancy firm EIN | 2022-06-30 | 591906466 |
| 2021 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $0 |
| Total income from all sources (including contributions) | 2021-06-30 | $19,507,895 |
| Total loss/gain on sale of assets | 2021-06-30 | $0 |
| Total of all expenses incurred | 2021-06-30 | $2,559,180 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-06-30 | $2,558,830 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-06-30 | $3,500,000 |
| Value of total assets at end of year | 2021-06-30 | $94,378,256 |
| Value of total assets at beginning of year | 2021-06-30 | $77,429,541 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-06-30 | $350 |
| Total interest from all sources | 2021-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-06-30 | No |
| Was this plan covered by a fidelity bond | 2021-06-30 | Yes |
| Value of fidelity bond cover | 2021-06-30 | $10,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-06-30 | No |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-06-30 | No |
| Value of net income/loss | 2021-06-30 | $16,948,715 |
| Value of net assets at end of year (total assets less liabilities) | 2021-06-30 | $94,378,256 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-06-30 | $77,429,541 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-06-30 | No |
| Value of interest in pooled separate accounts at end of year | 2021-06-30 | $90,878,256 |
| Value of interest in pooled separate accounts at beginning of year | 2021-06-30 | $69,591,703 |
| Net investment gain/loss from pooled separate accounts | 2021-06-30 | $16,007,895 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-06-30 | No |
| Contributions received in cash from employer | 2021-06-30 | $3,500,000 |
| Employer contributions (assets) at end of year | 2021-06-30 | $3,500,000 |
| Employer contributions (assets) at beginning of year | 2021-06-30 | $7,837,838 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-06-30 | $2,558,830 |
| Contract administrator fees | 2021-06-30 | $350 |
| Did the plan have assets held for investment | 2021-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-06-30 | Disclaimer |
| Accountancy firm name | 2021-06-30 | NEARMAN, MAYNARD & VALLEZ, CPAS |
| Accountancy firm EIN | 2021-06-30 | 591906466 |
| 2020 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2020 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2020-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2020-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2020-06-30 | $0 |
| Total transfer of assets to this plan | 2020-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-06-30 | $0 |
| Total income from all sources (including contributions) | 2020-06-30 | $10,511,187 |
| Total loss/gain on sale of assets | 2020-06-30 | $0 |
| Total of all expenses incurred | 2020-06-30 | $3,531,261 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-06-30 | $3,530,661 |
| Value of total corrective distributions | 2020-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-06-30 | $7,837,838 |
| Value of total assets at end of year | 2020-06-30 | $77,429,541 |
| Value of total assets at beginning of year | 2020-06-30 | $70,449,615 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-06-30 | $600 |
| Total income from rents | 2020-06-30 | $0 |
| Total interest from all sources | 2020-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-06-30 | $0 |
| Administrative expenses professional fees incurred | 2020-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2020-06-30 | Yes |
| Value of fidelity bond cover | 2020-06-30 | $10,000,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2020-06-30 | $0 |
| Contributions received from participants | 2020-06-30 | $0 |
| Participant contributions at end of year | 2020-06-30 | $0 |
| Participant contributions at beginning of year | 2020-06-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2020-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-06-30 | $0 |
| Other income not declared elsewhere | 2020-06-30 | $0 |
| Administrative expenses (other) incurred | 2020-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2020-06-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-06-30 | No |
| Value of net income/loss | 2020-06-30 | $6,979,926 |
| Value of net assets at end of year (total assets less liabilities) | 2020-06-30 | $77,429,541 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-06-30 | $70,449,615 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2020-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2020-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2020-06-30 | $0 |
| Investment advisory and management fees | 2020-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2020-06-30 | $69,591,703 |
| Value of interest in pooled separate accounts at beginning of year | 2020-06-30 | $67,549,615 |
| Income. Interest from loans (other than to participants) | 2020-06-30 | $0 |
| Interest earned on other investments | 2020-06-30 | $0 |
| Income. Interest from US Government securities | 2020-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2020-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2020-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2020-06-30 | $2,673,349 |
| Net investment gain or loss from common/collective trusts | 2020-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2020-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2020-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-06-30 | No |
| Contributions received in cash from employer | 2020-06-30 | $7,837,838 |
| Employer contributions (assets) at end of year | 2020-06-30 | $7,837,838 |
| Employer contributions (assets) at beginning of year | 2020-06-30 | $2,900,000 |
| Income. Dividends from preferred stock | 2020-06-30 | $0 |
| Income. Dividends from common stock | 2020-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-06-30 | $3,530,661 |
| Contract administrator fees | 2020-06-30 | $600 |
| Liabilities. Value of benefit claims payable at beginning of year | 2020-06-30 | $0 |
| Did the plan have assets held for investment | 2020-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-06-30 | No |
| Aggregate proceeds on sale of assets | 2020-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2020-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2020-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2020-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2020-06-30 | Disclaimer |
| Accountancy firm name | 2020-06-30 | NEARMAN, MAYNARD & VALLEZ CPAS |
| Accountancy firm EIN | 2020-06-30 | 591906466 |
| 2019 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2019 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2019-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2019-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2019-06-30 | $0 |
| Total transfer of assets to this plan | 2019-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-06-30 | $0 |
| Total income from all sources (including contributions) | 2019-06-30 | $6,949,923 |
| Total loss/gain on sale of assets | 2019-06-30 | $0 |
| Total of all expenses incurred | 2019-06-30 | $2,430,331 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-06-30 | $2,429,961 |
| Value of total corrective distributions | 2019-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-06-30 | $2,900,000 |
| Value of total assets at end of year | 2019-06-30 | $70,449,615 |
| Value of total assets at beginning of year | 2019-06-30 | $65,930,023 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-06-30 | $370 |
| Total income from rents | 2019-06-30 | $0 |
| Total interest from all sources | 2019-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-06-30 | $0 |
| Administrative expenses professional fees incurred | 2019-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2019-06-30 | Yes |
| Value of fidelity bond cover | 2019-06-30 | $10,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2019-06-30 | $0 |
| Contributions received from participants | 2019-06-30 | $0 |
| Participant contributions at end of year | 2019-06-30 | $0 |
| Participant contributions at beginning of year | 2019-06-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2019-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-06-30 | $0 |
| Other income not declared elsewhere | 2019-06-30 | $0 |
| Administrative expenses (other) incurred | 2019-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2019-06-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-06-30 | No |
| Value of net income/loss | 2019-06-30 | $4,519,592 |
| Value of net assets at end of year (total assets less liabilities) | 2019-06-30 | $70,449,615 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-06-30 | $65,930,023 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2019-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2019-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2019-06-30 | $0 |
| Investment advisory and management fees | 2019-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2019-06-30 | $67,549,615 |
| Value of interest in pooled separate accounts at beginning of year | 2019-06-30 | $63,430,023 |
| Income. Interest from loans (other than to participants) | 2019-06-30 | $0 |
| Interest earned on other investments | 2019-06-30 | $0 |
| Income. Interest from US Government securities | 2019-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2019-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2019-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2019-06-30 | $4,049,923 |
| Net investment gain or loss from common/collective trusts | 2019-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2019-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2019-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-06-30 | No |
| Contributions received in cash from employer | 2019-06-30 | $2,900,000 |
| Employer contributions (assets) at end of year | 2019-06-30 | $2,900,000 |
| Employer contributions (assets) at beginning of year | 2019-06-30 | $2,500,000 |
| Income. Dividends from preferred stock | 2019-06-30 | $0 |
| Income. Dividends from common stock | 2019-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-06-30 | $2,429,961 |
| Contract administrator fees | 2019-06-30 | $370 |
| Liabilities. Value of benefit claims payable at beginning of year | 2019-06-30 | $0 |
| Did the plan have assets held for investment | 2019-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-06-30 | No |
| Aggregate proceeds on sale of assets | 2019-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2019-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2019-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-06-30 | Disclaimer |
| Accountancy firm name | 2019-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
| Accountancy firm EIN | 2019-06-30 | 591906466 |
| 2018 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2018 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2018-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2018-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2018-06-30 | $0 |
| Total transfer of assets to this plan | 2018-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-06-30 | $0 |
| Total income from all sources (including contributions) | 2018-06-30 | $6,989,129 |
| Total loss/gain on sale of assets | 2018-06-30 | $0 |
| Total of all expenses incurred | 2018-06-30 | $2,701,986 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-06-30 | $2,701,230 |
| Value of total corrective distributions | 2018-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-06-30 | $2,500,000 |
| Value of total assets at end of year | 2018-06-30 | $65,930,023 |
| Value of total assets at beginning of year | 2018-06-30 | $61,642,880 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-06-30 | $756 |
| Total income from rents | 2018-06-30 | $0 |
| Total interest from all sources | 2018-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2018-06-30 | $0 |
| Administrative expenses professional fees incurred | 2018-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2018-06-30 | Yes |
| Value of fidelity bond cover | 2018-06-30 | $10,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2018-06-30 | $0 |
| Contributions received from participants | 2018-06-30 | $0 |
| Participant contributions at end of year | 2018-06-30 | $0 |
| Participant contributions at beginning of year | 2018-06-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2018-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2018-06-30 | $0 |
| Other income not declared elsewhere | 2018-06-30 | $0 |
| Administrative expenses (other) incurred | 2018-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2018-06-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-06-30 | No |
| Value of net income/loss | 2018-06-30 | $4,287,143 |
| Value of net assets at end of year (total assets less liabilities) | 2018-06-30 | $65,930,023 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-06-30 | $61,642,880 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2018-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2018-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2018-06-30 | $0 |
| Investment advisory and management fees | 2018-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2018-06-30 | $63,430,023 |
| Value of interest in pooled separate accounts at beginning of year | 2018-06-30 | $59,142,880 |
| Income. Interest from loans (other than to participants) | 2018-06-30 | $0 |
| Interest earned on other investments | 2018-06-30 | $0 |
| Income. Interest from US Government securities | 2018-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2018-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2018-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2018-06-30 | $4,489,129 |
| Net investment gain or loss from common/collective trusts | 2018-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2018-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2018-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-06-30 | No |
| Contributions received in cash from employer | 2018-06-30 | $2,500,000 |
| Employer contributions (assets) at end of year | 2018-06-30 | $2,500,000 |
| Employer contributions (assets) at beginning of year | 2018-06-30 | $2,500,000 |
| Income. Dividends from preferred stock | 2018-06-30 | $0 |
| Income. Dividends from common stock | 2018-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-06-30 | $2,701,230 |
| Contract administrator fees | 2018-06-30 | $756 |
| Liabilities. Value of benefit claims payable at beginning of year | 2018-06-30 | $0 |
| Did the plan have assets held for investment | 2018-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-06-30 | No |
| Aggregate proceeds on sale of assets | 2018-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2018-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2018-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-06-30 | Disclaimer |
| Accountancy firm name | 2018-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
| Accountancy firm EIN | 2018-06-30 | 591906466 |
| 2017 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2017 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2017-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2017-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2017-06-30 | $0 |
| Total transfer of assets to this plan | 2017-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-06-30 | $0 |
| Total income from all sources (including contributions) | 2017-06-30 | $8,486,055 |
| Total loss/gain on sale of assets | 2017-06-30 | $0 |
| Total of all expenses incurred | 2017-06-30 | $2,238,069 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-06-30 | $2,235,919 |
| Value of total corrective distributions | 2017-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-06-30 | $2,500,000 |
| Value of total assets at end of year | 2017-06-30 | $61,642,880 |
| Value of total assets at beginning of year | 2017-06-30 | $55,394,894 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-06-30 | $2,150 |
| Total income from rents | 2017-06-30 | $0 |
| Total interest from all sources | 2017-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2017-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2017-06-30 | $0 |
| Administrative expenses professional fees incurred | 2017-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2017-06-30 | Yes |
| Value of fidelity bond cover | 2017-06-30 | $10,000,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2017-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2017-06-30 | $0 |
| Contributions received from participants | 2017-06-30 | $0 |
| Participant contributions at end of year | 2017-06-30 | $0 |
| Participant contributions at beginning of year | 2017-06-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2017-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2017-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2017-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2017-06-30 | $0 |
| Other income not declared elsewhere | 2017-06-30 | $0 |
| Administrative expenses (other) incurred | 2017-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2017-06-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-06-30 | No |
| Value of net income/loss | 2017-06-30 | $6,247,986 |
| Value of net assets at end of year (total assets less liabilities) | 2017-06-30 | $61,642,880 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-06-30 | $55,394,894 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2017-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2017-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2017-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2017-06-30 | $0 |
| Investment advisory and management fees | 2017-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2017-06-30 | $59,142,880 |
| Value of interest in pooled separate accounts at beginning of year | 2017-06-30 | $51,894,894 |
| Income. Interest from loans (other than to participants) | 2017-06-30 | $0 |
| Interest earned on other investments | 2017-06-30 | $0 |
| Income. Interest from US Government securities | 2017-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2017-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2017-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2017-06-30 | $5,986,055 |
| Net investment gain or loss from common/collective trusts | 2017-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2017-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2017-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2017-06-30 | No |
| Contributions received in cash from employer | 2017-06-30 | $2,500,000 |
| Employer contributions (assets) at end of year | 2017-06-30 | $2,500,000 |
| Employer contributions (assets) at beginning of year | 2017-06-30 | $3,500,000 |
| Income. Dividends from preferred stock | 2017-06-30 | $0 |
| Income. Dividends from common stock | 2017-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-06-30 | $2,235,919 |
| Contract administrator fees | 2017-06-30 | $2,150 |
| Liabilities. Value of benefit claims payable at beginning of year | 2017-06-30 | $0 |
| Did the plan have assets held for investment | 2017-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-06-30 | No |
| Aggregate proceeds on sale of assets | 2017-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2017-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2017-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2017-06-30 | Disclaimer |
| Accountancy firm name | 2017-06-30 | NEARMAN, MAYNARD & VALLEZ, CPAS |
| Accountancy firm EIN | 2017-06-30 | 591906466 |
| 2016 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2016 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2016-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2016-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2016-06-30 | $0 |
| Total transfer of assets to this plan | 2016-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-06-30 | $0 |
| Total income from all sources (including contributions) | 2016-06-30 | $5,907,670 |
| Total loss/gain on sale of assets | 2016-06-30 | $0 |
| Total of all expenses incurred | 2016-06-30 | $1,984,011 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-06-30 | $1,983,651 |
| Value of total corrective distributions | 2016-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-06-30 | $6,000,000 |
| Value of total assets at end of year | 2016-06-30 | $55,394,894 |
| Value of total assets at beginning of year | 2016-06-30 | $51,471,235 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-06-30 | $360 |
| Total income from rents | 2016-06-30 | $0 |
| Total interest from all sources | 2016-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2016-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2016-06-30 | $0 |
| Administrative expenses professional fees incurred | 2016-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2016-06-30 | Yes |
| Value of fidelity bond cover | 2016-06-30 | $10,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2016-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2016-06-30 | $0 |
| Contributions received from participants | 2016-06-30 | $0 |
| Participant contributions at end of year | 2016-06-30 | $0 |
| Participant contributions at beginning of year | 2016-06-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2016-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2016-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2016-06-30 | $0 |
| Other income not declared elsewhere | 2016-06-30 | $0 |
| Administrative expenses (other) incurred | 2016-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2016-06-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-06-30 | No |
| Value of net income/loss | 2016-06-30 | $3,923,659 |
| Value of net assets at end of year (total assets less liabilities) | 2016-06-30 | $55,394,894 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-06-30 | $51,471,235 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2016-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2016-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2016-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2016-06-30 | $0 |
| Investment advisory and management fees | 2016-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2016-06-30 | $51,894,894 |
| Value of interest in pooled separate accounts at beginning of year | 2016-06-30 | $51,471,235 |
| Income. Interest from loans (other than to participants) | 2016-06-30 | $0 |
| Interest earned on other investments | 2016-06-30 | $0 |
| Income. Interest from US Government securities | 2016-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2016-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2016-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2016-06-30 | $-92,330 |
| Net investment gain or loss from common/collective trusts | 2016-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2016-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2016-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2016-06-30 | No |
| Contributions received in cash from employer | 2016-06-30 | $6,000,000 |
| Employer contributions (assets) at end of year | 2016-06-30 | $3,500,000 |
| Employer contributions (assets) at beginning of year | 2016-06-30 | $0 |
| Income. Dividends from preferred stock | 2016-06-30 | $0 |
| Income. Dividends from common stock | 2016-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-06-30 | $1,983,651 |
| Contract administrator fees | 2016-06-30 | $360 |
| Liabilities. Value of benefit claims payable at beginning of year | 2016-06-30 | $0 |
| Did the plan have assets held for investment | 2016-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-06-30 | No |
| Aggregate proceeds on sale of assets | 2016-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2016-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2016-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2016-06-30 | Disclaimer |
| Accountancy firm name | 2016-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
| Accountancy firm EIN | 2016-06-30 | 591906466 |
| 2015 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2015 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2015-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2015-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2015-06-30 | $0 |
| Total transfer of assets to this plan | 2015-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-06-30 | $0 |
| Total income from all sources (including contributions) | 2015-06-30 | $3,804,593 |
| Total loss/gain on sale of assets | 2015-06-30 | $0 |
| Total of all expenses incurred | 2015-06-30 | $845,685 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-06-30 | $830,277 |
| Value of total corrective distributions | 2015-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-06-30 | $2,500,000 |
| Value of total assets at end of year | 2015-06-30 | $51,471,235 |
| Value of total assets at beginning of year | 2015-06-30 | $48,512,327 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-06-30 | $15,408 |
| Total income from rents | 2015-06-30 | $0 |
| Total interest from all sources | 2015-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2015-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2015-06-30 | $0 |
| Administrative expenses professional fees incurred | 2015-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2015-06-30 | Yes |
| Value of fidelity bond cover | 2015-06-30 | $10,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2015-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2015-06-30 | $0 |
| Contributions received from participants | 2015-06-30 | $0 |
| Participant contributions at end of year | 2015-06-30 | $0 |
| Participant contributions at beginning of year | 2015-06-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2015-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2015-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2015-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2015-06-30 | $0 |
| Other income not declared elsewhere | 2015-06-30 | $0 |
| Administrative expenses (other) incurred | 2015-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2015-06-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-06-30 | No |
| Value of net income/loss | 2015-06-30 | $2,958,908 |
| Value of net assets at end of year (total assets less liabilities) | 2015-06-30 | $51,471,235 |
| Value of net assets at beginning of year (total assets less liabilities) | 2015-06-30 | $48,512,327 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2015-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2015-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2015-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2015-06-30 | $0 |
| Investment advisory and management fees | 2015-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2015-06-30 | $51,471,235 |
| Value of interest in pooled separate accounts at beginning of year | 2015-06-30 | $48,512,327 |
| Income. Interest from loans (other than to participants) | 2015-06-30 | $0 |
| Interest earned on other investments | 2015-06-30 | $0 |
| Income. Interest from US Government securities | 2015-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2015-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2015-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2015-06-30 | $1,304,593 |
| Net investment gain or loss from common/collective trusts | 2015-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2015-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2015-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2015-06-30 | No |
| Contributions received in cash from employer | 2015-06-30 | $2,500,000 |
| Employer contributions (assets) at end of year | 2015-06-30 | $0 |
| Employer contributions (assets) at beginning of year | 2015-06-30 | $0 |
| Income. Dividends from preferred stock | 2015-06-30 | $0 |
| Income. Dividends from common stock | 2015-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-06-30 | $830,277 |
| Contract administrator fees | 2015-06-30 | $15,408 |
| Liabilities. Value of benefit claims payable at beginning of year | 2015-06-30 | $0 |
| Did the plan have assets held for investment | 2015-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-06-30 | No |
| Aggregate proceeds on sale of assets | 2015-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2015-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2015-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2015-06-30 | Disclaimer |
| Accountancy firm name | 2015-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS, P.A |
| Accountancy firm EIN | 2015-06-30 | 591906466 |
| 2014 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2014 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2014-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2014-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2014-06-30 | $0 |
| Total transfer of assets to this plan | 2014-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-06-30 | $0 |
| Total income from all sources (including contributions) | 2014-06-30 | $9,064,019 |
| Total loss/gain on sale of assets | 2014-06-30 | $0 |
| Total of all expenses incurred | 2014-06-30 | $686,195 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-06-30 | $663,233 |
| Value of total corrective distributions | 2014-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-06-30 | $2,500,000 |
| Value of total assets at end of year | 2014-06-30 | $48,512,327 |
| Value of total assets at beginning of year | 2014-06-30 | $40,134,503 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-06-30 | $22,962 |
| Total income from rents | 2014-06-30 | $0 |
| Total interest from all sources | 2014-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2014-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2014-06-30 | $0 |
| Administrative expenses professional fees incurred | 2014-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2014-06-30 | Yes |
| Value of fidelity bond cover | 2014-06-30 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2014-06-30 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2014-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2014-06-30 | $0 |
| Contributions received from participants | 2014-06-30 | $0 |
| Participant contributions at end of year | 2014-06-30 | $0 |
| Participant contributions at beginning of year | 2014-06-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2014-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2014-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2014-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2014-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2014-06-30 | $0 |
| Other income not declared elsewhere | 2014-06-30 | $0 |
| Administrative expenses (other) incurred | 2014-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2014-06-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-06-30 | No |
| Value of net income/loss | 2014-06-30 | $8,377,824 |
| Value of net assets at end of year (total assets less liabilities) | 2014-06-30 | $48,512,327 |
| Value of net assets at beginning of year (total assets less liabilities) | 2014-06-30 | $40,134,503 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2014-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2014-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2014-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2014-06-30 | $0 |
| Investment advisory and management fees | 2014-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2014-06-30 | $48,512,327 |
| Value of interest in pooled separate accounts at beginning of year | 2014-06-30 | $40,134,503 |
| Income. Interest from loans (other than to participants) | 2014-06-30 | $0 |
| Interest earned on other investments | 2014-06-30 | $0 |
| Income. Interest from US Government securities | 2014-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2014-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2014-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2014-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2014-06-30 | $6,564,019 |
| Net investment gain or loss from common/collective trusts | 2014-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2014-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2014-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2014-06-30 | No |
| Contributions received in cash from employer | 2014-06-30 | $2,500,000 |
| Employer contributions (assets) at end of year | 2014-06-30 | $0 |
| Employer contributions (assets) at beginning of year | 2014-06-30 | $0 |
| Income. Dividends from preferred stock | 2014-06-30 | $0 |
| Income. Dividends from common stock | 2014-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-06-30 | $663,233 |
| Contract administrator fees | 2014-06-30 | $22,962 |
| Liabilities. Value of benefit claims payable at beginning of year | 2014-06-30 | $0 |
| Did the plan have assets held for investment | 2014-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-06-30 | No |
| Aggregate proceeds on sale of assets | 2014-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2014-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2014-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2014-06-30 | Disclaimer |
| Accountancy firm name | 2014-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
| Accountancy firm EIN | 2014-06-30 | 591906466 |
| 2013 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2013 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2013-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2013-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2013-06-30 | $0 |
| Total transfer of assets to this plan | 2013-06-30 | $0 |
| Total transfer of assets from this plan | 2013-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-06-30 | $0 |
| Total income from all sources (including contributions) | 2013-06-30 | $6,847,163 |
| Total loss/gain on sale of assets | 2013-06-30 | $0 |
| Total of all expenses incurred | 2013-06-30 | $523,808 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-06-30 | $500,193 |
| Value of total corrective distributions | 2013-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-06-30 | $3,000,000 |
| Value of total assets at end of year | 2013-06-30 | $40,134,503 |
| Value of total assets at beginning of year | 2013-06-30 | $33,811,148 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-06-30 | $23,615 |
| Total income from rents | 2013-06-30 | $0 |
| Total interest from all sources | 2013-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2013-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2013-06-30 | $0 |
| Administrative expenses professional fees incurred | 2013-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2013-06-30 | Yes |
| Value of fidelity bond cover | 2013-06-30 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2013-06-30 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2013-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2013-06-30 | $0 |
| Contributions received from participants | 2013-06-30 | $0 |
| Participant contributions at end of year | 2013-06-30 | $0 |
| Participant contributions at beginning of year | 2013-06-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2013-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2013-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2013-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2013-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2013-06-30 | $0 |
| Other income not declared elsewhere | 2013-06-30 | $0 |
| Administrative expenses (other) incurred | 2013-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2013-06-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-06-30 | No |
| Value of net income/loss | 2013-06-30 | $6,323,355 |
| Value of net assets at end of year (total assets less liabilities) | 2013-06-30 | $40,134,503 |
| Value of net assets at beginning of year (total assets less liabilities) | 2013-06-30 | $33,811,148 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2013-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2013-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2013-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2013-06-30 | $0 |
| Investment advisory and management fees | 2013-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2013-06-30 | $40,134,503 |
| Value of interest in pooled separate accounts at beginning of year | 2013-06-30 | $33,811,148 |
| Income. Interest from loans (other than to participants) | 2013-06-30 | $0 |
| Interest earned on other investments | 2013-06-30 | $0 |
| Income. Interest from US Government securities | 2013-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2013-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2013-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2013-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2013-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2013-06-30 | $3,847,163 |
| Net investment gain or loss from common/collective trusts | 2013-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2013-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2013-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2013-06-30 | No |
| Contributions received in cash from employer | 2013-06-30 | $3,000,000 |
| Employer contributions (assets) at end of year | 2013-06-30 | $0 |
| Employer contributions (assets) at beginning of year | 2013-06-30 | $0 |
| Income. Dividends from preferred stock | 2013-06-30 | $0 |
| Income. Dividends from common stock | 2013-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-06-30 | $500,193 |
| Contract administrator fees | 2013-06-30 | $23,615 |
| Liabilities. Value of benefit claims payable at beginning of year | 2013-06-30 | $0 |
| Did the plan have assets held for investment | 2013-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-06-30 | No |
| Aggregate proceeds on sale of assets | 2013-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2013-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2013-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2013-06-30 | Disclaimer |
| Accountancy firm name | 2013-06-30 | NEARMAN MAYNARD, VALLEZ, CPAS |
| Accountancy firm EIN | 2013-06-30 | 591906466 |
| 2012 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2012 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2012-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2012-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2012-06-30 | $0 |
| Total transfer of assets to this plan | 2012-06-30 | $0 |
| Total transfer of assets from this plan | 2012-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-06-30 | $0 |
| Total income from all sources (including contributions) | 2012-06-30 | $2,417,177 |
| Total loss/gain on sale of assets | 2012-06-30 | $0 |
| Total of all expenses incurred | 2012-06-30 | $576,331 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-06-30 | $556,473 |
| Value of total corrective distributions | 2012-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-06-30 | $2,000,000 |
| Value of total assets at end of year | 2012-06-30 | $33,811,148 |
| Value of total assets at beginning of year | 2012-06-30 | $31,970,302 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-06-30 | $19,858 |
| Total income from rents | 2012-06-30 | $0 |
| Total interest from all sources | 2012-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2012-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2012-06-30 | $0 |
| Administrative expenses professional fees incurred | 2012-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2012-06-30 | Yes |
| Value of fidelity bond cover | 2012-06-30 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2012-06-30 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2012-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2012-06-30 | $0 |
| Contributions received from participants | 2012-06-30 | $0 |
| Participant contributions at end of year | 2012-06-30 | $0 |
| Participant contributions at beginning of year | 2012-06-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2012-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2012-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2012-06-30 | $0 |
| Other income not declared elsewhere | 2012-06-30 | $5,506 |
| Administrative expenses (other) incurred | 2012-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2012-06-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-06-30 | No |
| Value of net income/loss | 2012-06-30 | $1,840,846 |
| Value of net assets at end of year (total assets less liabilities) | 2012-06-30 | $33,811,148 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-06-30 | $31,970,302 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2012-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2012-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2012-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2012-06-30 | $0 |
| Investment advisory and management fees | 2012-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2012-06-30 | $33,811,148 |
| Value of interest in pooled separate accounts at beginning of year | 2012-06-30 | $31,970,302 |
| Income. Interest from loans (other than to participants) | 2012-06-30 | $0 |
| Interest earned on other investments | 2012-06-30 | $0 |
| Income. Interest from US Government securities | 2012-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2012-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2012-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2012-06-30 | $411,671 |
| Net investment gain or loss from common/collective trusts | 2012-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2012-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2012-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2012-06-30 | No |
| Contributions received in cash from employer | 2012-06-30 | $2,000,000 |
| Employer contributions (assets) at end of year | 2012-06-30 | $0 |
| Employer contributions (assets) at beginning of year | 2012-06-30 | $0 |
| Income. Dividends from preferred stock | 2012-06-30 | $0 |
| Income. Dividends from common stock | 2012-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-06-30 | $556,473 |
| Contract administrator fees | 2012-06-30 | $19,858 |
| Liabilities. Value of benefit claims payable at beginning of year | 2012-06-30 | $0 |
| Did the plan have assets held for investment | 2012-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-06-30 | No |
| Aggregate proceeds on sale of assets | 2012-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2012-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2012-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2012-06-30 | Disclaimer |
| Accountancy firm name | 2012-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
| Accountancy firm EIN | 2012-06-30 | 591906466 |
| 2011 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2011 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2011-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2011-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2011-06-30 | $0 |
| Total transfer of assets to this plan | 2011-06-30 | $0 |
| Total transfer of assets from this plan | 2011-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-06-30 | $0 |
| Total income from all sources (including contributions) | 2011-06-30 | $7,718,686 |
| Total loss/gain on sale of assets | 2011-06-30 | $0 |
| Total of all expenses incurred | 2011-06-30 | $386,342 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-06-30 | $366,605 |
| Value of total corrective distributions | 2011-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-06-30 | $2,000,000 |
| Value of total assets at end of year | 2011-06-30 | $31,970,302 |
| Value of total assets at beginning of year | 2011-06-30 | $24,637,958 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-06-30 | $19,737 |
| Total income from rents | 2011-06-30 | $0 |
| Total interest from all sources | 2011-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2011-06-30 | $0 |
| Administrative expenses professional fees incurred | 2011-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2011-06-30 | Yes |
| Value of fidelity bond cover | 2011-06-30 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2011-06-30 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2011-06-30 | $0 |
| Contributions received from participants | 2011-06-30 | $0 |
| Participant contributions at end of year | 2011-06-30 | $0 |
| Participant contributions at beginning of year | 2011-06-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2011-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2011-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2011-06-30 | $0 |
| Other income not declared elsewhere | 2011-06-30 | $0 |
| Administrative expenses (other) incurred | 2011-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2011-06-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-06-30 | No |
| Value of net income/loss | 2011-06-30 | $7,332,344 |
| Value of net assets at end of year (total assets less liabilities) | 2011-06-30 | $31,970,302 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-06-30 | $24,637,958 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2011-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2011-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2011-06-30 | $0 |
| Investment advisory and management fees | 2011-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2011-06-30 | $31,970,302 |
| Value of interest in pooled separate accounts at beginning of year | 2011-06-30 | $24,637,958 |
| Income. Interest from loans (other than to participants) | 2011-06-30 | $0 |
| Interest earned on other investments | 2011-06-30 | $0 |
| Income. Interest from US Government securities | 2011-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2011-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2011-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2011-06-30 | $5,718,686 |
| Net investment gain or loss from common/collective trusts | 2011-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2011-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2011-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-06-30 | No |
| Contributions received in cash from employer | 2011-06-30 | $2,000,000 |
| Employer contributions (assets) at end of year | 2011-06-30 | $0 |
| Employer contributions (assets) at beginning of year | 2011-06-30 | $0 |
| Income. Dividends from preferred stock | 2011-06-30 | $0 |
| Income. Dividends from common stock | 2011-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-06-30 | $366,605 |
| Contract administrator fees | 2011-06-30 | $19,737 |
| Liabilities. Value of benefit claims payable at beginning of year | 2011-06-30 | $0 |
| Did the plan have assets held for investment | 2011-06-30 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-06-30 | No |
| Aggregate proceeds on sale of assets | 2011-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2011-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2011-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2011-06-30 | Disclaimer |
| Accountancy firm name | 2011-06-30 | CLIFTONLARSONALLEN |
| Accountancy firm EIN | 2011-06-30 | 410746749 |
| 2010 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2010 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-06-30 | $0 |
