Tax Services

Form 990/990T Preparation

Form 990 is an annual financial information tax return required by the IRS to be filed by state chartered credit unions. It is required for most organizations exempt from income tax under section 501(c) to help prevent abuse and enforce financial accountability. The form also provides the public with financial information and is often the only source of such information. Although federal credit unions are not required to file the Form 990, they may choose to file the Form 990T which can provide a credit for certain federal excise taxes paid or for small employer health insurance premiums paid. Both forms must be completed and filed by May 15 each year.

Credit Union Audit & Compliance Group’s (CUACG) experienced auditors will save time this tax season by completing the state-chartered credit union’s Form 990. With the Form 990 instructions tallying 99 pages, credit unions can trust CUACG’s auditors to ensure the form is completed accurately with no errors. CUACG understands the filing requirements and the specifics of the various Form 990s (990-PF, 990-N, 990-EZ, and 990).

The CUACG team offers a complete menu of financial and compliance audits performed by credit union-certified field experts.

Request a proposal or schedule to have CUACG assist your credit union with Form 990/Form 990T preparation.


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