Civic Intelligence

General Electric River Works Cu

990 • Fiscal year 2017 • EIN 04-6061145

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

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

28th percentile

0.87x

Higher debt load relative to assets than 28% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

20.12x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

20th percentile

5.1%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

19th percentile

$150,313

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

8th percentile

-0.6%

Faster asset growth than 8% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-25%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets28th percentile

Assets

Down

$106,329,845

Down $693,771 (-0.6%) from 2016

Net Assets

Up

$13,927,343

Up $232,620 (+1.7%) from 2016

Liabilities

Down

$92,402,502

Down $926,391 (-1.0%) from 2016

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin20th percentile

Revenue

Down

$4,592,236

Down $1,510,302 (-25%) from 2016

Expenses

Down

$4,359,616

Down $1,303,560 (-23%) from 2016

Net Income

Down

$232,620

Down $206,742 (-47%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2017

Assets$106,329,845
Liabilities$92,402,502
Net Assets$13,927,343
Open 2017 Filing

Operations Trend

Revenue Growth1st 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

2017

Revenue$4,592,236
Expenses$4,359,616
Net Income$232,620
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$4,592,236
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$73,179,229$55,475,737▼ $17,703,492
Investments Other Securities$15,967,191$29,532,202▲ $13,565,011
Savings and Temporary Cash Investments$12,973,974$16,600,569▲ $3,626,595
Rtn Earn Endowment Incm Other Fnds$13,694,723$13,927,343▲ $232,620
Receivables From Officers Etc$722,991$1,165,163▲ $442,172
Land, Buildings, and Equipment, Net$1,143,980$1,128,604▼ $15,376
Cash and Non-Interest-Bearing Accounts$1,145,027$678,183▼ $466,844
Prepaid Expenses and Deferred Charges$391,795$328,670▼ $63,125
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$107,023,616$106,329,845▼ $693,771
Other Assets Total$1,499,429$1,420,717▼ $78,712
Liabilities
Other Liabilities$88,659,150$90,619,190▲ $1,960,040
Accounts Payable and Accrued Expenses$1,169,743$1,183,312▲ $13,569
Mortgage Notes Payable Secured by Investment Property$3,500,000$600,000▼ $2,900,000
Total Liabilities$93,328,893$92,402,502▼ $926,391
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,694,723$13,927,343▲ $232,620
Total Liabilities and Net Assets / Fund Balance$107,023,616$106,329,845▼ $693,771

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$696,762$1,445,900-
Land$276,500--
Equipment$147,987$528,934-
Leasehold Improvements$7,355$218,957-
Other Securities$236,100--
Closely Held Equity Interests$75,000--
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseTotal
James DonahueTreasurerFT$150,313$150,313

Board Members and Trustees

NameTitle
Paul CrowleyChairperson
Mathew NewhallVice Chairman
George AllenDirector
George W Honor JrDirector
Hong NetDirector
Mark KennardDirector
Nilsen GarciaDirector
Paul BarronDirector
Virginia DoocyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,075,995
Investment Income
$516,241
Other Revenue
$0
Change in Net Assets
$232,620

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,592,236
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,592,236
Total Revenue per Form 990
$4,592,236
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,674,420
Salaries, Compensation, and Employee Benefits$1,685,196
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,168,126
Interest---$689,532
All Other Expenses---$262,855
Other Expenses---$248,730
Depreciation Depletion---$211,586
Other Employee Benefits---$204,087
Current Officers, Directors, Trustees, and Key Employees---$150,313
Occupancy---$107,802
Payroll Taxes---$107,366
Advertising---$88,962
Pension Plan Contributions---$55,304
Conferences and Meetings---$14,063
Total Functional Expenses$0$0$0$4,359,616

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,359,616
Total Expenses per Audited Statements$4,359,616
Total Expenses per Form 990$4,359,616
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$722,991$1,165,163▲ $442,172
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$90,619,190
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 11B

“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
CEO
Phone
7815990096
Signed
2018-11-14
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
0
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 458 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/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03393243
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1682752
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03393243
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1682752
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0691677
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0204064
IRS990/PYOtherExpensesAmt03168986
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05898474
IRS990/PYRevenuesLessExpensesAmt0439362
IRS990/PYSalariesCompEmpBnftPaidAmt01802513
IRS990/PYTotalExpensesAmt05663176
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06102538
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0722991
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01165163
IRS990/ReconcilationRevenueExpnssAmt0232620
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt013694723
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt013927343
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012973974
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016600569
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0696762
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01445900
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02142662
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt075000
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt0147987
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0528934
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0676921
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04359616
IRS990ScheduleD/LandGrp/BookValueAmt0276500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0276500
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07355
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0218957
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0226312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt090619190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt029221102
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1236100
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INTEREST BEARING DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FHLB STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04592236
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01128604
IRS990ScheduleD/TotalBookValueSecuritiesAmt029532202
IRS990ScheduleD/TotalExpensesPerForm990Amt04359616
IRS990ScheduleD/TotalLiabilityAmt090619190
IRS990ScheduleD/TotalRevenuePerForm990Amt04592236
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04592236
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04359616
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0150313
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/PersonNm0JAMES DONAHUE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0150313
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt07422
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1147792
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2119480
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3510413
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt437355
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt5342701
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd50
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/OriginalPrincipalAmt3550000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt440000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt5363000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0PAUL BARRON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1PAUL CROWLEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2MARK KENNARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3MATHEW NEWHALL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4JAMES DONAHUE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5NILSEN GARCIA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd50
IRS990ScheduleL/TotalBalanceDueAmt01165163
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 11B
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/TotalAssetsBOYAmt0107023616
IRS990/TotalAssetsEOYAmt0106329845
IRS990/TotalAssetsGrp/BOYAmt0107023616
IRS990/TotalAssetsGrp/EOYAmt0106329845
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04359616
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt093328893
IRS990/TotalLiabilitiesEOYAmt092402502
IRS990/TotalLiabilitiesGrp/BOYAmt093328893
IRS990/TotalLiabilitiesGrp/EOYAmt092402502
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013694723

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$106,329,845
Liabilities
$92,402,502
Net assets
$13,927,343
Revenue
$4,592,236
Expenses
$4,359,616
Net income
$232,620
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
Peer Organizations

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