Civic Intelligence

Energy Credit Union

990 • Fiscal year 2017 • EIN 04-2079800

Jan 01, 2017 to Dec 31, 2017 • Filed on May 09, 2018

156 Spring StreetWest Roxbury, MA 02132

(617) 325-1999

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.82x

Higher debt load relative to assets than 14% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

24.09x

Higher debt load relative to revenue than 84% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Net Margin

22nd percentile

3.0%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$203,355

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Asset Growth

50th percentile

2.9%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-2.7%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Up

$83,425,938

Up $2,376,404 (+2.9%) from 2016

Net Assets

Down

$14,863,594

Down $42,722 (-0.3%) from 2016

Liabilities

Up

$68,562,344

Up $2,419,126 (+3.7%) from 2016

Revenue

Down

$2,845,732

Down $79,285 (-2.7%) from 2016

Expenses

Down

$2,760,406

Down $108,408 (-3.8%) from 2016

Net Income

Up

$85,326

Up $29,123 (+52%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $96,756,004Liabilities 2010: $80,536,269Net Assets 2010: $16,219,7352010Assets 2011: $91,651,687Liabilities 2011: $75,339,176Net Assets 2011: $16,312,5112011Assets 2012: $91,069,505Liabilities 2012: $74,746,525Net Assets 2012: $16,322,9802012Assets 2013: $87,435,286Liabilities 2013: $72,681,257Net Assets 2013: $14,754,0292013Assets 2014: $85,125,157Liabilities 2014: $69,718,202Net Assets 2014: $15,406,9552014Assets 2015: $80,985,291Liabilities 2015: $65,877,106Net Assets 2015: $15,108,1852015Assets 2016: $81,049,534Liabilities 2016: $66,143,218Net Assets 2016: $14,906,3162016Assets 2017: $83,425,938Liabilities 2017: $68,562,344Net Assets 2017: $14,863,5942017Assets 2018: $90,949,634Liabilities 2018: $76,031,451Net Assets 2018: $14,918,1832018Assets 2019: $92,552,941Liabilities 2019: $76,855,822Net Assets 2019: $15,697,1192019Assets 2020: $103,907,505Liabilities 2020: $87,829,288Net Assets 2020: $16,078,2172020Assets 2021: $110,350,166Liabilities 2021: $94,436,375Net Assets 2021: $15,913,7912021Assets 2022: $133,032,845Liabilities 2022: $115,770,174Net Assets 2022: $17,262,6712022Assets 2023: $129,582,050Liabilities 2023: $111,268,926Net Assets 2023: $18,313,1242023Assets 2024: $131,307,492Liabilities 2024: $112,280,648Net Assets 2024: $19,026,8442024

Highlighted filing

2017

Assets$83,425,938
Liabilities$68,562,344
Net Assets$14,863,594

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,081,6492010Expenses 2011: $3,494,8882011Expenses 2012: $3,270,7132012Revenue 2013: $2,717,765Expenses 2013: $4,182,649Net Income 2013: -$1,464,8842013Revenue 2014: $3,135,047Expenses 2014: $3,160,390Net Income 2014: -$25,3432014Revenue 2015: $2,925,248Expenses 2015: $3,035,735Net Income 2015: -$110,4872015Revenue 2016: $2,925,017Expenses 2016: $2,868,814Net Income 2016: $56,2032016Revenue 2017: $2,845,732Expenses 2017: $2,760,406Net Income 2017: $85,3262017Revenue 2018: $3,336,644Expenses 2018: $3,108,090Net Income 2018: $228,5542018Revenue 2019: $3,695,624Expenses 2019: $3,345,594Net Income 2019: $350,0302019Revenue 2020: $3,632,839Expenses 2020: $3,432,271Net Income 2020: $200,5682020Revenue 2021: $3,598,268Expenses 2021: $3,417,357Net Income 2021: $180,9112021Revenue 2022: $4,195,171Expenses 2022: $3,517,053Net Income 2022: $678,1182022Revenue 2023: $5,479,399Expenses 2023: $4,868,200Net Income 2023: $611,1992023Revenue 2024: $6,088,465Expenses 2024: $5,536,856Net Income 2024: $551,6092024

Highlighted filing

2017

Revenue$2,845,732
Expenses$2,760,406
Net Income$85,326
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 9, 2018
Return Version
2017v2.2
Gross Receipts
$4,293,629
Mission and Program Overview

Mission

Energy credit union is a state chartered credit union. The credit union provides deposit and loan services to its members. Its primary deposit products are savings, checking and term certificate accounts and its primary lending products are residential mortgage and consumer loans.

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$42,547,241$50,293,637▲ $7,746,396
Investments in Publicly Traded Securities$27,940,644$22,496,536▼ $5,444,108
Rtn Earn Endowment Incm Other Fnds$14,906,316$14,863,594▼ $42,722
Cash and Non-Interest-Bearing Accounts$1,740,556$3,424,735▲ $1,684,179
Land, Buildings, and Equipment, Net$2,987,206$2,912,786▼ $74,420
Savings and Temporary Cash Investments$3,848,029$2,334,098▼ $1,513,931
Receivables From Officers Etc$547,967$536,484▼ $11,483
Prepaid Expenses and Deferred Charges$203,490$196,320▼ $7,170
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$81,049,534$83,425,938▲ $2,376,404
Other Assets Total$1,234,401$1,231,342▼ $3,059
Liabilities
Other Liabilities$65,705,002$67,871,847▲ $2,166,845
Accounts Payable and Accrued Expenses$310,989$508,614▲ $197,625
Escrow Account Liability$127,227$181,883▲ $54,656
Total Liabilities$66,143,218$68,562,344▲ $2,419,126
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,906,316$14,863,594▼ $42,722
Total Liabilities and Net Assets / Fund Balance$81,049,534$83,425,938▲ $2,376,404

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,017,176$469,946$2,487,122
Land$700,000-$700,000
Equipment$143,755$103,976$247,731
Leasehold Improvements$51,855$24,200$76,055
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul NocePresident & CEOFT$192,216$11,139$203,355
Marie PrevettVice President/COOFT$109,251$6,818$116,069
Hooi Sing TanVP RetailFT$92,576$21,296$113,872
Thomas P HessionVice President/CFO/treasurFT$96,154$15,743$111,897

Board Members and Trustees

NameTitle
Robert FinelliChairman
Deborah CasnaVice Chairman
Barbara KelleherDirector
DANIEL O'CONNELLDirector
Daniel HernonDirector
Franco RomeroDirector
Robert TedescoDirector
William GoodwinDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Connecticut Online (cocc)Data Processing135 DARLING DRIVE AVON PARK, Avon, CT 06001$327,411
ElanData Processing1255 CORPORATE DRIVE, Irving, TX 75038$133,235
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,844,776
Investment Income
$749,829
Other Revenue
$251,127
Change in Net Assets
$85,326

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,845,732
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,845,732
Total Revenue per Form 990
$2,845,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,605,209
Salaries, Compensation, and Employee Benefits$1,155,197
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$490,197-$490,197
Information Technology-$473,450-$473,450
Other Salaries and Wages-$472,002-$472,002
Interest$363,576--$363,576
Depreciation Depletion-$108,854-$108,854
Fees for Services Accounting-$82,701-$82,701
Other Employee Benefits-$75,382-$75,382
Payroll Taxes-$73,477-$73,477
Occupancy-$61,930-$61,930
Insurance-$54,826-$54,826
Pension Plan Contributions-$44,139-$44,139
Fees for Services Other-$43,589-$43,589
Advertising-$36,432-$36,432
Other Expenses-$31,425-$31,425
Office Expenses-$23,827-$23,827
Fees for Services Legal-$9,137-$9,137
Conferences and Meetings-$4,154-$4,154
All Other Expenses-$-25,116-$-25,116
Total Functional Expenses$363,576$2,396,830$0$2,760,406

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,760,406
Total Expenses per Audited Statements$2,760,406
Total Expenses per Form 990$2,760,406
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$547,967$536,484▼ $11,483
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposit Accounts$67,871,847
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Paul noce's brother-in-law is the president of wyatt's inc. It consulting of $43,406 was paid to wyatt's inc. During 2017.

Form 990, Part VI, Section A, Line 6

Persons who meet the requirments of the organization's field of membership who hold at least one share of the capital.

Form 990, Part VI, Section A, Line 7A

Each member has a vote at the election of the board of directors.

Form 990, Part VI, Section B, Line 11B

The form 990 will be reveiwed once completed. Due to timing between completion and filing due date, the review may be subsequent to filing. The boards actions are noted in the minutes.

Form 990, Part VI, Section B, Line 12C

Directors sign off that they have read and understand the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

Board approves compensation based upon performance & industry.

Form 990, Part VI, Section C, Line 19

Financials are available on ncua.gov website and posted at the credit union. Other information is available upon request.

Filing and Contact Details

Filer

Filer Name
Energy Credit Union
EIN
04-2079800
Phone
6173251999
Address
156 SPRING STREET, WEST ROXBURY, MA 02132

Signing Officer

Name
Paul N Noce
Title
President & CEO
Phone
6173251999
Signed
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul N Noce
Formed
1931
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
8
Employees
16
Volunteers
8

Preparer

Firm
Marcum Llp
Address
53 STATE STREET, BOSTON, MA 02109
Preparer
David St Yves
Phone
6178075000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There is no change from the prior year

Financial Statement Notes

PART X, LINE 2:

The credit union recognizes and measures its unrecognized tax positions in accordance with fasb asc 740, income taxes. Under the guidance the credit union assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of unrecognized tax positions is adjusted when new information is available, or when an event occurs that requires a change. The credit union's policy is to analyze its tax positions for all open years. The credit union has not identified any uncertain tax positions requiring accrual or disclosure at december 31, 2017. Interest and penalities, if any, associated with uncertain tax positions would be classified as other expense in the statement of income. The credit union's income tax returns are subject to review and examination by federal and state taxing authorities; however, there are currently no examinations for any tax periods in progress. Management of the credit union believes it is no longer subject to examination for tax years prior to 2014.

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IRS990/Form990PartVIISectionAGrp/PersonNm5ROBERT TEDESCO
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT/CFO/TREASUR
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IRS990/FormationYr01931
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt032273
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01480170
IRS990/GrossReceiptsAmt04293629
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0473450
IRS990/InformationTechnologyGrp/TotalAmt0473450
IRS990/InsuranceGrp/ManagementAndGeneralAmt054826
IRS990/InsuranceGrp/TotalAmt054826
IRS990/InterestGrp/ProgramServicesAmt0363576
IRS990/InterestGrp/TotalAmt0363576
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0717556
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0717556
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt027940644
IRS990/InvestmentsPubTradedSecGrp/EOYAmt022496536
IRS990/IRPDocumentCnt01071
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0598122
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02987206
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02912786
IRS990/LandBldgEquipCostOrOtherBssAmt03510908
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01447897
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ENERGY CREDIT UNION IS A STATE CHARTERED CREDIT UNION. THE CREDIT UNION PROVIDES DEPOSIT AND LOAN SERVICES TO ITS MEMBERS. ITS PRIMARY DEPOSIT PRODUCTS ARE SAVINGS, CHECKING AND TERM CERTIFICATE ACCOUNTS AND ITS PRIMARY LENDING PRODUCTS ARE RESIDENTIAL MORTGAGE AND CONSUMER LOANS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt014906316
IRS990/NetAssetsOrFundBalancesEOYAmt014863594
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt032273
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt032273
IRS990/NetUnrelatedBusTxblIncmAmt0-1499
IRS990/NetUnrlzdGainsLossesInvstAmt0-128048
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt061930
IRS990/OccupancyGrp/TotalAmt061930
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt023827
IRS990/OfficeExpensesGrp/TotalAmt023827
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01234401
IRS990/OtherAssetsTotalGrp/EOYAmt01231342
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt075382
IRS990/OtherEmployeeBenefitsGrp/TotalAmt075382
IRS990/OtherExpensesGrp/Desc0EQUIPMENT MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISC EXPENSES
IRS990/OtherExpensesGrp/Desc2TELEPHONE & INTERNET
IRS990/OtherExpensesGrp/Desc3SHIPPING & POSTAGE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0216885
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt184687
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt234852
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt331425
IRS990/OtherExpensesGrp/TotalAmt0216885
IRS990/OtherExpensesGrp/TotalAmt184687
IRS990/OtherExpensesGrp/TotalAmt234852
IRS990/OtherExpensesGrp/TotalAmt331425
IRS990/OtherLiabilitiesGrp/BOYAmt065705002
IRS990/OtherLiabilitiesGrp/EOYAmt067871847
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1SERVICE CHARGES & FEES
IRS990/OtherRevenueMiscGrp/Desc2ATM FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0172393
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt170877
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0172393
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt170877
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt27857
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt07857
IRS990/OtherRevenueTotalAmt0251127
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0472002
IRS990/OtherSalariesAndWagesGrp/TotalAmt0472002
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt042547241
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt050293637
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt073477
IRS990/PayrollTaxesGrp/TotalAmt073477
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt044139
IRS990/PensionPlanContributionsGrp/TotalAmt044139
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0203490
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0196320
IRS990/PrincipalOfficerNm0PAUL N NOCE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01844776
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01844776
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0930799
IRS990/PYOtherExpensesAmt01665326
IRS990/PYOtherRevenueAmt0254527
IRS990/PYProgramServiceRevenueAmt01739691
IRS990/PYRevenuesLessExpensesAmt056203
IRS990/PYSalariesCompEmpBnftPaidAmt01203488
IRS990/PYTotalExpensesAmt02868814
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02925017
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0547967
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0536484
IRS990/ReconcilationRevenueExpnssAmt085326
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014906316
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014863594
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03848029
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02334098
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02017176
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0469946
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02487122
IRS990ScheduleD/EquipmentGrp/BookValueAmt0143755
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0103976
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0247731
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02760406
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0700000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0700000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051855
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt024200
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt076055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt067871847
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSIT ACCOUNTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02845732
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. UNDER THE GUIDANCE THE CREDIT UNION ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX POSITIONS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. THE CREDIT UNION'S POLICY IS TO ANALYZE ITS TAX POSITIONS FOR ALL OPEN YEARS. THE CREDIT UNION HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL OR DISCLOSURE AT DECEMBER 31, 2017. INTEREST AND PENALITIES, IF ANY, ASSOCIATED WITH UNCERTAIN TAX POSITIONS WOULD BE CLASSIFIED AS OTHER EXPENSE IN THE STATEMENT OF INCOME. THE CREDIT UNION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO EXAMINATIONS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT OF THE CREDIT UNION BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATION FOR TAX YEARS PRIOR TO 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02912786
IRS990ScheduleD/TotalExpensesPerForm990Amt02760406
IRS990ScheduleD/TotalLiabilityAmt067871847
IRS990ScheduleD/TotalRevenuePerForm990Amt02845732
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02845732
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02760406
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0192216
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt09293
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt01846
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAUL NOCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0203355
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt039692
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt155008
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2274965
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt337186
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt448757
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt522241
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt62025
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt73676
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt816749
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt95880
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt104094
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1110500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt128963
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt136748
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$131$112$19.0$6.09$5.54$0.55
2023Detailed filing. Detailed filing data is available for this year.$130$111$18.3$5.48$4.87$0.61
2022Detailed filing. Detailed filing data is available for this year.$133$116$17.3$4.20$3.52$0.68
2021Detailed filing. Detailed filing data is available for this year.$110$94.4$15.9$3.60$3.42$0.18
2020Detailed filing. Detailed filing data is available for this year.$104$87.8$16.1$3.63$3.43$0.20
2019Detailed filing. Detailed filing data is available for this year.$92.6$76.9$15.7$3.70$3.35$0.35
2018Detailed filing. Detailed filing data is available for this year.$90.9$76.0$14.9$3.34$3.11$0.23
2017Detailed filing. Detailed filing data is available for this year.$83.4$68.6$14.9$2.85$2.76$0.09
2016Detailed filing. Detailed filing data is available for this year.$81.0$66.1$14.9$2.93$2.87$0.06
2015Detailed filing. Detailed filing data is available for this year.$81.0$65.9$15.1$2.93$3.04$0.11
2014Detailed filing. Detailed filing data is available for this year.$85.1$69.7$15.4$3.14$3.16$0.03
2013Detailed filing. Detailed filing data is available for this year.$87.4$72.7$14.8$2.72$4.18$1.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.1$74.7$16.3$3.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.7$75.3$16.3$3.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$96.8$80.5$16.2$4.08
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)14 • $50M-$100M nonprofits