Civic Intelligence

General Electric River Works Cu

990 • Fiscal year 2015 • EIN 04-6061145

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileRWCU.COM

View Organization Page

947 Western AveLynn, MA 01905

(781) 599-0096

Siviq Scores

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

Liabilities / Assets

29th percentile

0.87x

Higher debt load relative to assets than 29% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

35th percentile

16.76x

Higher debt load relative to revenue than 35% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Net Margin

88th percentile

21%

Higher net margin than 88% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

23rd percentile

$150,138

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Asset Growth

29th percentile

3.1%

Faster asset growth than 29% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

28th percentile

0.3%

Faster revenue growth than 28% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$105,989,301

Up $3,204,784 (+3.1%) from 2014

Net Assets

Up

$13,255,361

Up $1,168,656 (+9.7%) from 2014

Liabilities

Up

$92,733,940

Up $2,036,128 (+2.2%) from 2014

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin88th percentile

Revenue

Up

$5,534,662

Up $18,514 (+0.3%) from 2014

Expenses

Up

$4,366,006

Up $152,557 (+3.6%) from 2014

Net Income

Down

$1,168,656

Down $134,043 (-10%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$200M$150M$100M$50M$0Assets 2010: $82,393,305Liabilities 2010: $74,354,030Net Assets 2010: $8,039,2752010Assets 2011: $85,811,458Liabilities 2011: $76,650,755Net Assets 2011: $9,160,7032011Assets 2012: $83,768,299Liabilities 2012: $73,583,676Net Assets 2012: $10,184,6232012Assets 2013: $94,301,131Liabilities 2013: $83,442,902Net Assets 2013: $10,858,2292013Assets 2014: $102,784,517Liabilities 2014: $90,697,812Net Assets 2014: $12,086,7052014Assets 2015: $105,989,301Liabilities 2015: $92,733,940Net Assets 2015: $13,255,3612015Assets 2016: $107,023,616Liabilities 2016: $93,328,893Net Assets 2016: $13,694,7232016Assets 2017: $106,329,845Liabilities 2017: $92,402,502Net Assets 2017: $13,927,3432017Assets 2018: $102,682,814Liabilities 2018: $88,561,371Net Assets 2018: $14,121,4432018Assets 2019: $102,221,120Liabilities 2019: $88,021,190Net Assets 2019: $14,199,9302019Assets 2020: $109,766,973Liabilities 2020: $95,226,045Net Assets 2020: $14,540,9282020Assets 2021: $115,018,497Liabilities 2021: $99,984,252Net Assets 2021: $15,034,2452021Assets 2022: $112,516,103Liabilities 2022: $97,306,993Net Assets 2022: $15,209,1102022Assets 2023: $123,514,563Liabilities 2023: $107,439,538Net Assets 2023: $16,075,0252023Assets 2024: $151,358,711Liabilities 2024: $134,854,665Net Assets 2024: $16,504,0462024

Highlighted filing

2015

Assets$105,989,301
Liabilities$92,733,940
Net Assets$13,255,361
Open 2015 Filing

Operations Trend

Revenue Growth28th percentile

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

$10M$5.0M$0Expenses 2010: $4,778,8722010Expenses 2011: $4,438,6422011Expenses 2012: $4,205,3602012Revenue 2013: $4,811,426Expenses 2013: $4,067,608Net Income 2013: $743,8182013Revenue 2014: $5,516,148Expenses 2014: $4,213,449Net Income 2014: $1,302,6992014Revenue 2015: $5,534,662Expenses 2015: $4,366,006Net Income 2015: $1,168,6562015Revenue 2016: $6,102,538Expenses 2016: $5,663,176Net Income 2016: $439,3622016Revenue 2017: $4,592,236Expenses 2017: $4,359,616Net Income 2017: $232,6202017Revenue 2018: $4,640,173Expenses 2018: $4,446,073Net Income 2018: $194,1002018Revenue 2019: $4,660,468Expenses 2019: $4,581,981Net Income 2019: $78,4872019Revenue 2020: $5,106,008Expenses 2020: $4,765,010Net Income 2020: $340,9982020Revenue 2021: $5,008,646Expenses 2021: $4,515,329Net Income 2021: $493,3172021Revenue 2022: $4,574,179Expenses 2022: $4,399,314Net Income 2022: $174,8652022Revenue 2023: $6,428,970Expenses 2023: $5,563,055Net Income 2023: $865,9152023Revenue 2024: $8,278,993Expenses 2024: $7,849,972Net Income 2024: $429,0212024

Highlighted filing

2015

Revenue$5,534,662
Expenses$4,366,006
Net Income$1,168,656
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$5,536,309
Mission and Program Overview

Mission

The promotion of thrift among its members by the accumulation of their savings and the loaning of such savings back to its members at a moderate rate of interest.

Credit union member service/thrift

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$80,020,670$83,769,653▲ $3,748,983
Investments Other Securities$16,509,044$14,850,911▼ $1,658,133
Rtn Earn Endowment Incm Other Fnds$12,086,705$13,255,361▲ $1,168,656
Savings and Temporary Cash Investments$1,581,484$1,776,078▲ $194,594
Receivables From Officers Etc$229,923$1,438,911▲ $1,208,988
Land, Buildings, and Equipment, Net$1,535,755$1,341,443▼ $194,312
Cash and Non-Interest-Bearing Accounts$1,066,774$978,329▼ $88,445
Prepaid Expenses and Deferred Charges$420,699$388,417▼ $32,282
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$102,784,517$105,989,301▲ $3,204,784
Other Assets Total$1,420,168$1,445,559▲ $25,391
Liabilities
Other Liabilities$84,998,464$86,983,440▲ $1,984,976
Mortgage Notes Payable Secured by Investment Property$4,430,000$4,000,000▼ $430,000
Accounts Payable and Accrued Expenses$1,269,348$1,750,500▲ $481,152
Total Liabilities$90,697,812$92,733,940▲ $2,036,128
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,086,705$13,255,361▲ $1,168,656
Total Liabilities and Net Assets / Fund Balance$102,784,517$105,989,301▲ $3,204,784

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$809,216$1,283,812-
Land$276,500--
Equipment$228,759$310,083-
Leasehold Improvements$26,968$199,344-
Other Securities$293,900--
Closely Held Equity Interests$75,000--
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Maria CacciolaTreasurer/CEOFT$150,138$150,138

Board Members and Trustees

NameTitle
Mark KennardChairperson
Virginia DoocyVice Chairperson
Caroline KeelyDirector
Christopher MoulderDirector
George AllenDirector
George W Honor JrDirector
Michael TaglieriDirector
Nilsen GarciaDirector
Paul BarronDirector
Paul CrowleyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,329,813
Investment Income
$204,849
Other Revenue
$0
Change in Net Assets
$1,168,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,968,245
Salaries, Compensation, and Employee Benefits$1,755,445
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons---$1,268,625
Benefits to Members---$642,316
All Other Expenses---$346,027
Other Expenses---$210,030
Depreciation Depletion---$209,312
Other Employee Benefits---$153,189
Current Officers, Directors, Trustees, and Key Employees---$150,138
Payroll Taxes---$116,174
Occupancy---$110,239
Pension Plan Contributions---$67,319
Fees for Services Accounting---$60,732
Advertising---$52,500
Interest---$13,290
Conferences and Meetings---$11,448
Total Functional Expenses$0$0$0$4,366,006
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$229,923$1,438,911▲ $1,208,988
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$86,983,440
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union is owned by its members.”

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

“Credit union members elect their volunteer board od directors who are also members of the credit union. One member, one vote.”

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

“Any major changes to the credit union's by-laws must be approved by the membership”

Form 990, Part VI, Section B, Line 11

“The accounting manager prepares the 990. The president/ceo reviews the form for accuracy. The credit union's outside cpa auditor reviews the form and makes any necessary corrections before electronically filing the report on the credit union's behalf. The 990 is available for the board and supervisory committee to review.”

Form 990, Part VI, Section B, Line 15

“Professional credit union compensation surveys are obtained and provided to the board. The board uses this information in conjunction with review of the performance of the ceo to determine an appropriate compensation amount. The board votes on the ceo's compensation.”

Form 990, Part VI, Section C, Line 19

“The credit union's bylaws are avaialble upon request. Financial statements are posted in the cu main lobby and are available upon request. They can also be viewed on ncua's website.”

Filing and Contact Details

Filer

Filer Name
General Electric River Works Cu
EIN
04-6061145
Phone
7815990096
Address
947 WESTERN AVE, LYNN, MA 01905
Doing Business As
Riverworks Credit Union

Signing Officer

Name
James Donahue
Title
CFO
Phone
7815990096
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Donahue
Formed
1936
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
31
Volunteers
0

Preparer

Firm
Walsh & Co
Address
632A MAIN STREET, WINCHESTER, MA 01890
Preparer
Michael J Walsh CPA
Phone
7817210295
Raw XML AppendixShowing 400 of 452 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PensionPlanContributionsGrp/TotalAmt067319
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0420699
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0388417
IRS990/PrincipalOfficerNm0JAMES DONAHUE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES/OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MORTGAGE FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04658677
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1604018
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt267118
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04658677
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1604018
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt267118
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0634201
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0471446
IRS990/PYOtherExpensesAmt01951619
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05044702
IRS990/PYRevenuesLessExpensesAmt01302699
IRS990/PYSalariesCompEmpBnftPaidAmt01627629
IRS990/PYTotalExpensesAmt04213449
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05516148
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0229923
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01438911
IRS990/ReconcilationRevenueExpnssAmt01168656
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012086705
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt013255361
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01581484
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01776078
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0809216
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01283812
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02093028
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt075000
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt0228759
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0310083
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0538842
IRS990ScheduleD/LandGrp/BookValueAmt0276500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0276500
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt026968
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0199344
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0226312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt086983440
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt014482011
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1293900
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INTEREST BEARING DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FHLB STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01341443
IRS990ScheduleD/TotalBookValueSecuritiesAmt014850911
IRS990ScheduleD/TotalLiabilityAmt086983440
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0150138
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARIA CACCIOLA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0150138
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt012113
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt199283
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2119220
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3341060
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt4527235
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt5340000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt091289
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1175000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2130000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt3350000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt4550000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt5340000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0PAUL BERRON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1PAUL CROWLEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2MARK KENNARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3CAROLINE KEELY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4MATHEW NEWHALL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5GARCIA NILSEN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd51
IRS990ScheduleL/TotalBalanceDueAmt01438911
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS OWNED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CREDIT UNION MEMBERS ELECT THEIR VOLUNTEER BOARD OD DIRECTORS WHO ARE ALSO MEMBERS OF THE CREDIT UNION. ONE MEMBER, ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY MAJOR CHANGES TO THE CREDIT UNION'S BY-LAWS MUST BE APPROVED BY THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ACCOUNTING MANAGER PREPARES THE 990. THE PRESIDENT/CEO REVIEWS THE FORM FOR ACCURACY. THE CREDIT UNION'S OUTSIDE CPA AUDITOR REVIEWS THE FORM AND MAKES ANY NECESSARY CORRECTIONS BEFORE ELECTRONICALLY FILING THE REPORT ON THE CREDIT UNION'S BEHALF. THE 990 IS AVAILABLE FOR THE BOARD AND SUPERVISORY COMMITTEE TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL CREDIT UNION COMPENSATION SURVEYS ARE OBTAINED AND PROVIDED TO THE BOARD. THE BOARD USES THIS INFORMATION IN CONJUNCTION WITH REVIEW OF THE PERFORMANCE OF THE CEO TO DETERMINE AN APPROPRIATE COMPENSATION AMOUNT. THE BOARD VOTES ON THE CEO'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION'S BYLAWS ARE AVAIALBLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE CU MAIN LOBBY AND ARE AVAILABLE UPON REQUEST. THEY CAN ALSO BE VIEWED ON NCUA'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0102784517
IRS990/TotalAssetsEOYAmt0105989301
IRS990/TotalAssetsGrp/BOYAmt0102784517
IRS990/TotalAssetsGrp/EOYAmt0105989301
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/TotalAmt04366006
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt090697812
IRS990/TotalLiabilitiesEOYAmt092733940
IRS990/TotalLiabilitiesGrp/BOYAmt090697812
IRS990/TotalLiabilitiesGrp/EOYAmt092733940

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$105,989,301
Liabilities
$92,733,940
Net assets
$13,255,361
Revenue
$5,534,662
Expenses
$4,366,006
Net income
$1,168,656
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$151$135$16.5$8.28$7.85$0.43
2023Detailed filing. Detailed filing data is available for this year.$124$107$16.1$6.43$5.56$0.87
2022Detailed filing. Detailed filing data is available for this year.$113$97.3$15.2$4.57$4.40$0.17
2021Detailed filing. Detailed filing data is available for this year.$115$100.0$15.0$5.01$4.52$0.49
2020Detailed filing. Detailed filing data is available for this year.$110$95.2$14.5$5.11$4.77$0.34
2019Detailed filing. Detailed filing data is available for this year.$102$88.0$14.2$4.66$4.58$0.08
2018Detailed filing. Detailed filing data is available for this year.$103$88.6$14.1$4.64$4.45$0.19
2017Detailed filing. Detailed filing data is available for this year.$106$92.4$13.9$4.59$4.36$0.23
2016Detailed filing. Detailed filing data is available for this year.$107$93.3$13.7$6.10$5.66$0.44
2015Detailed filing. Detailed filing data is available for this year.$106$92.7$13.3$5.53$4.37$1.17
2014Detailed filing. Detailed filing data is available for this year.$103$90.7$12.1$5.52$4.21$1.30
2013Detailed filing. Detailed filing data is available for this year.$94.3$83.4$10.9$4.81$4.07$0.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.8$73.6$10.2$4.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.8$76.7$9.16$4.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.4$74.4$8.04$4.78