Civic Intelligence

Ocean State Credit Union

990 • Fiscal year 2011 • EIN 05-0263842

Jan 01, 2011 to Dec 31, 2011 • Filed on Apr 09, 2012

Organization ProfileCoventrycu.org

View Organization Page

2006 Nooseneck Hill Road02816
Siviq Scores

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

Liabilities / Assets

89th percentile

0.92x

Higher debt load relative to assets than 89% of similar nonprofits.

2011 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

8th percentile

-2.5%

Faster asset growth than 8% of similar nonprofits.

2011 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$248,263,097

Down $6,402,640 (-2.5%) from 2010

Net Assets

Up

$18,796,834

Up $171,735 (+0.9%) from 2010

Liabilities

Down

$229,466,263

Down $6,574,375 (-2.8%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$13,607,066

Down $908,949 (-6.3%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$400M$300M$200M$100M$0Assets 2010: $254,665,737Liabilities 2010: $236,040,638Net Assets 2010: $18,625,0992010Assets 2011: $248,263,097Liabilities 2011: $229,466,263Net Assets 2011: $18,796,8342011Assets 2012: $220,712,691Liabilities 2012: $200,624,070Net Assets 2012: $20,088,6212012Assets 2013: $229,968,547Liabilities 2013: $209,759,603Net Assets 2013: $20,208,9442013Assets 2014: $232,012,055Liabilities 2014: $211,265,569Net Assets 2014: $20,746,4862014Assets 2015: $246,777,584Liabilities 2015: $224,907,950Net Assets 2015: $21,869,6342015Assets 2016: $257,756,254Liabilities 2016: $234,688,926Net Assets 2016: $23,067,3282016Assets 2017: $248,426,040Liabilities 2017: $223,741,748Net Assets 2017: $24,684,2922017Assets 2018: $270,458,405Liabilities 2018: $243,959,379Net Assets 2018: $26,499,0262018Assets 2019: $290,170,256Liabilities 2019: $261,959,906Net Assets 2019: $28,210,3502019Assets 2020: $323,002,035Liabilities 2020: $291,716,897Net Assets 2020: $31,285,1382020Assets 2021: $328,452,290Liabilities 2021: $293,475,413Net Assets 2021: $34,976,8772021Assets 2022: $344,864,750Liabilities 2022: $307,988,350Net Assets 2022: $36,876,4002022Assets 2023: $339,279,531Liabilities 2023: $301,410,902Net Assets 2023: $37,868,6292023Assets 2024: $343,705,007Liabilities 2024: $304,818,647Net Assets 2024: $38,886,3602024

Highlighted filing

2011

Assets$248,263,097
Liabilities$229,466,263
Net Assets$18,796,834
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Expenses 2010: $14,516,0152010Expenses 2011: $13,607,0662011Revenue 2012: $12,633,797Expenses 2012: $11,327,320Net Income 2012: $1,306,4772012Revenue 2013: $11,571,077Expenses 2013: $10,698,260Net Income 2013: $872,8172013Revenue 2014: $11,124,509Expenses 2014: $10,522,955Net Income 2014: $601,5542014Revenue 2015: $11,737,634Expenses 2015: $10,688,239Net Income 2015: $1,049,3952015Revenue 2016: $11,832,863Expenses 2016: $10,708,561Net Income 2016: $1,124,3022016Revenue 2017: $11,851,814Expenses 2017: $10,270,419Net Income 2017: $1,581,3952017Revenue 2018: $12,318,962Expenses 2018: $10,486,323Net Income 2018: $1,832,6392018Revenue 2019: $13,270,542Expenses 2019: $11,638,936Net Income 2019: $1,631,6062019Revenue 2020: $15,471,202Expenses 2020: $12,449,742Net Income 2020: $3,021,4602020Revenue 2021: $14,903,508Expenses 2021: $11,224,786Net Income 2021: $3,678,7222021Revenue 2022: $13,825,699Expenses 2022: $11,859,406Net Income 2022: $1,966,2932022Revenue 2023: $16,179,714Expenses 2023: $14,819,328Net Income 2023: $1,360,3862023Revenue 2024: $17,544,172Expenses 2024: $16,533,488Net Income 2024: $1,010,6842024

Highlighted filing

2011

Revenue-
Expenses$13,607,066
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Apr 9, 2012
Return Version
2011v1.2
Gross Receipts
$13,484,205
Mission and Program Overview

Mission

To provide low cost financial services to member depositors.

Filing and Contact Details

Filer

EIN
05-0263842
Raw XML AppendixShowing 400 of 488 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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IRS990ScheduleO/GeneralExplanation/Explanation0The Credit Union is owned by its member depositors.
IRS990ScheduleO/GeneralExplanation/Explanation1The members elect the Board at the Annual Meeting and ratify its actions.
IRS990ScheduleO/GeneralExplanation/Explanation2The Form 990 is reviewed by management prior to its filing and is provided to the Board of Directors at its subsequent meeting.
IRS990ScheduleO/GeneralExplanation/Explanation3The Supervisory Committee regularly monitors activities of the Board of Directors for possible conflicts of interest and activities prohibited by Rhode Island General Laws governing credit unions.
IRS990ScheduleO/GeneralExplanation/Explanation4The Credit Union has a recordd retentio policy that complies with regulations promulgated by the National Credit Union Administration.
IRS990ScheduleO/GeneralExplanation/Explanation5Officers salaries are approved by the Board of Directors.
IRS990ScheduleO/GeneralExplanation/Explanation6Fees paid to members of the Board of Directors are approved by the members at the Annual Meeting.
IRS990ScheduleO/GeneralExplanation/Explanation7Financial results are posted monthly at each branch location. Members may request copies of the Credit Unions policies if they so desire.
IRS990ScheduleO/GeneralExplanation/Explanation8Represents a decrease in the unrealized gain on investments classified as Available for Sale.
IRS990ScheduleO/GeneralExplanation/Explanation9Form 990 Part V Section A Line 6 The Credit Union is owned by its member depositors. Form 990 Part VI Section A/B Line 7 The members elect the Board at the Annual Meeting and ratify its actions. Form 990 Part VI Section B Line 11 The Form 990 is reviewed by management prior to its filing and is provided to the Board of Directors at its subsequent meeting. Form 990 Part VI Section B Line 12 The Supervisory Committee regularly monitors activities of the Board of Directors for possible conflicts of interest and activities prohibited by Rhode Island General Laws governing credit unions. Form 990 Part VI Section B Line 14 The Credit Union has a recordd retentio policy that complies with regulations promulgated by the National Credit Union Administration. Form 990 Part VI Section B Line 15a Officers salaries are approved by the Board of Directors. Form 990 Part VI Section B Line 15b Fees paid to members of the Board of Directors are approved by the members at the Annual Meeting. Form 990 Part VI Section C Line 19 Financial results are posted monthly at each branch location. Members may request copies of the Credit Unions policies if they so desire. Form 990 Part XI Line 19 Represents a decrease in the unrealized gain on investments classified as Available for Sale.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990 Part V
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990 Part VI
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990 Part VI
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990 Part VI
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990 Part VI
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990 Part VI
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990 Part VI
IRS990ScheduleO/GeneralExplanation/Identifier7Form 990 Part VI
IRS990ScheduleO/GeneralExplanation/Identifier8Form 990 Part XI
IRS990ScheduleO/GeneralExplanation/ReturnReference06
IRS990ScheduleO/GeneralExplanation/ReturnReference17
IRS990ScheduleO/GeneralExplanation/ReturnReference211

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$248,263,097
Liabilities
$229,466,263
Net assets
$18,796,834
Revenue
-
Expenses
$13,607,066
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$344$305$38.9$17.5$16.5$1.01
2023Detailed filing. Detailed filing data is available for this year.$339$301$37.9$16.2$14.8$1.36
2022Detailed filing. Detailed filing data is available for this year.$345$308$36.9$13.8$11.9$1.97
2021Detailed filing. Detailed filing data is available for this year.$328$293$35.0$14.9$11.2$3.68
2020Detailed filing. Detailed filing data is available for this year.$323$292$31.3$15.5$12.4$3.02
2019Detailed filing. Detailed filing data is available for this year.$290$262$28.2$13.3$11.6$1.63
2018Detailed filing. Detailed filing data is available for this year.$270$244$26.5$12.3$10.5$1.83
2017Summary only. Only limited summary data is available for this year.$248$224$24.7$11.9$10.3$1.58
2016Detailed filing. Detailed filing data is available for this year.$258$235$23.1$11.8$10.7$1.12
2015Detailed filing. Detailed filing data is available for this year.$247$225$21.9$11.7$10.7$1.05
2014Detailed filing. Detailed filing data is available for this year.$232$211$20.7$11.1$10.5$0.60
2013Detailed filing. Detailed filing data is available for this year.$230$210$20.2$11.6$10.7$0.87
2012Summary only. Only limited summary data is available for this year.$221$201$20.1$12.6$11.3$1.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$248$229$18.8$13.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$255$236$18.6$14.5