Civic Intelligence

State Chartered Credit Unions in North Carolina

990 • Fiscal year 2014 • EIN 23-7056307

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 03, 2015

Organization Profilegucocreditunion.org

View Organization Page

523 Evans StreetGreenville, NC 27858

(252) 551-1599

Siviq Scores

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

Liabilities / Assets

58th percentile

0.88x

Higher debt load relative to assets than 58% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

25.94x

Higher debt load relative to revenue than 76% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Net Margin

49th percentile

5.3%

Higher net margin than 49% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Asset Growth

33rd percentile

-0.2%

Faster asset growth than 33% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

15th percentile

-7.2%

Faster revenue growth than 15% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$13,069,441

Down $21,457 (-0.2%) from 2013

Net Assets

Up

$1,626,257

Up $23,516 (+1.5%) from 2013

Liabilities

Down

$11,443,184

Down $44,973 (-0.4%) from 2013

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin49th percentile

Revenue

Down

$441,221

Down $34,478 (-7.2%) from 2013

Expenses

Down

$417,704

Down $15,769 (-3.6%) from 2013

Net Income

Down

$23,517

Down $18,709 (-44%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$15M$10M$5.0M$0Assets 2011: $12,621,967Liabilities 2011: $11,141,396Net Assets 2011: $1,480,5712011Assets 2013: $13,090,898Liabilities 2013: $11,488,157Net Assets 2013: $1,602,7412013Assets 2014: $13,069,441Liabilities 2014: $11,443,184Net Assets 2014: $1,626,2572014Assets 2015: $12,800,152Liabilities 2015: $11,144,450Net Assets 2015: $1,655,7022015Assets 2017: $12,968,048Liabilities 2017: $11,287,273Net Assets 2017: $1,680,7752017Assets 2018: $12,036,952Liabilities 2018: $10,336,579Net Assets 2018: $1,700,3732018Assets 2019: $11,395,214Liabilities 2019: $9,624,095Net Assets 2019: $1,771,1192019Assets 2020: $12,262,018Liabilities 2020: $10,453,729Net Assets 2020: $1,808,2892020Assets 2021: $12,941,504Liabilities 2021: $11,122,975Net Assets 2021: $1,818,5292021Assets 2022: $12,976,273Liabilities 2022: $11,169,099Net Assets 2022: $1,807,1742022

Highlighted filing

2014

Assets$13,069,441
Liabilities$11,443,184
Net Assets$1,626,257
Open 2014 Filing

Operations Trend

Revenue Growth15th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $491,6582011Revenue 2013: $475,699Expenses 2013: $433,473Net Income 2013: $42,2262013Revenue 2014: $441,221Expenses 2014: $417,704Net Income 2014: $23,5172014Revenue 2015: $431,085Expenses 2015: $401,640Net Income 2015: $29,4452015Revenue 2017: $420,603Expenses 2017: $413,489Net Income 2017: $7,1142017Revenue 2018: $442,318Expenses 2018: $422,720Net Income 2018: $19,5982018Revenue 2019: $467,388Expenses 2019: $396,642Net Income 2019: $70,7462019Revenue 2020: $439,174Expenses 2020: $402,004Net Income 2020: $37,1702020Revenue 2021: $384,638Expenses 2021: $374,398Net Income 2021: $10,2402021Revenue 2022: $353,214Expenses 2022: $364,569Net Income 2022: -$11,3552022

Highlighted filing

2014

Revenue$441,221
Expenses$417,704
Net Income$23,517
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 3, 2015
Return Version
2014v5.0
Gross Receipts
$441,221
Mission and Program Overview

Mission

GUCO Credit Union is a not for profit financial cooperative that serves its members by offering deposit accounts and loans at reasonable rates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,728,083$7,094,083▲ $366,000
Other Notes and Loans Receivable, Net$5,826,532$5,528,245▼ $298,287
Rtn Earn Endowment Incm Other Fnds$1,602,740$1,626,257▲ $23,517
Cash and Non-Interest-Bearing Accounts$369,390$289,002▼ $80,388
Prepaid Expenses and Deferred Charges$146,389$144,549▼ $1,840
Land, Buildings, and Equipment, Net$20,504$13,562▼ $6,942
Total Assets$13,090,898$13,069,441▼ $21,457
Liabilities
Other Liabilities$11,479,327$11,432,612▼ $46,715
Accounts Payable and Accrued Expenses$8,831$10,572▲ $1,741
Total Liabilities$11,488,158$11,443,184▼ $44,974
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,602,740$1,626,257▲ $23,517
Total Liabilities and Net Assets / Fund Balance$13,090,898$13,069,441▼ $21,457

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,562--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Tony L SmartPresident
Janet V DrinnonVice-president
Bernita DemeryDirector
Lambert GarrisDirector
J Scott MullisSecretarytreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$366,102
Investment Income
$75,119
Other Revenue
$0
Change in Net Assets
$23,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,802
Salaries, Compensation, and Employee Benefits$171,766
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$121,830--$121,830
Interest$93,214--$93,214
Office Expenses$77,447--$77,447
Other Employee Benefits$31,579--$31,579
Occupancy$22,917--$22,917
Other Expenses$22,175--$22,175
Pension Plan Contributions$18,357--$18,357
Benefits to Members$10,136--$10,136
Fees for Services Accounting$7,850--$7,850
Travel$199--$199
Total Functional Expenses$417,704$0$0$417,704
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Section B

“11b - all of the directors of the credit union review form 990 along with all supporting documents materials and financials. The board of directors ask questions and approves the filing of form 990once all questions are answered. 15b - the position of credit union manager is reviewed on an annual basis. The last review was 2014. The board of directors discuss and review industry salary data cost of living indexes performance of individual and other information as needed.”

Part VI Section C

“18 - form 990 and any other documents are av available upon request. 19 - financial statements are on public display at all times. Guco credit union is a member-owned and controlled financial services cooperative. Our mission is to meet members' financial needs through quality services at the best value while maintaining financial stability.”

Filing and Contact Details

Filer

Filer Name
Guco Credit Union
EIN
23-7056307
Address
523 EVANS STREET, GREENVILLE, NC 27858

Signing Officer

Name
Timothy Lineberry
Title
General Managerceo
Phone
2525511599
Signed
2015-06-03

Organization Details

Principal Officer
Timothy Lineberry
Formed
1970
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
2
Raw XML Appendix291 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/SupplementalInformationDetail/ExplanationTxt011B - ALL OF THE DIRECTORS OF THE CREDIT UNION REVIEW FORM 990 ALONG WITH ALL SUPPORTING DOCUMENTS MATERIALS AND FINANCIALS. THE BOARD OF DIRECTORS ASK QUESTIONS AND APPROVES THE FILING OF FORM 990ONCE ALL QUESTIONS ARE ANSWERED. 15B - THE POSITION OF CREDIT UNION MANAGER IS REVIEWED ON AN ANNUAL BASIS. THE LAST REVIEW WAS 2014. THE BOARD OF DIRECTORS DISCUSS AND REVIEW INDUSTRY SALARY DATA COST OF LIVING INDEXES PERFORMANCE OF INDIVIDUAL AND OTHER INFORMATION AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt118 - FORM 990 AND ANY OTHER DOCUMENTS ARE AV AVAILABLE UPON REQUEST. 19 - FINANCIAL STATEMENTS ARE ON PUBLIC DISPLAY AT ALL TIMES. GUCO CREDIT UNION IS A MEMBER-OWNED AND CONTROLLED FINANCIAL SERVICES COOPERATIVE. OUR MISSION IS TO MEET MEMBERS' FINANCIAL NEEDS THROUGH QUALITY SERVICES AT THE BEST VALUE WHILE MAINTAINING FINANCIAL STABILITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI SECTION B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI SECTION C
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IRS990/TravelGrp/ProgramServicesAmt0199
IRS990/TravelGrp/TotalAmt0199
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY LINEBERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGERCEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02525511599
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GUCO CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0GUCO
ReturnHeader/Filer/EIN0237056307
ReturnHeader/Filer/USAddress/AddressLine1Txt0523 EVANS STREET
ReturnHeader/Filer/USAddress/CityNm0GREENVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027858
ReturnHeader/ReturnTs02015-06-03T14:48:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,069,441
Liabilities
$11,443,184
Net assets
$1,626,257
Revenue
$441,221
Expenses
$417,704
Net income
$23,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$11.2$1.81$0.35$0.36$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$11.1$1.82$0.38$0.37$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.3$10.5$1.81$0.44$0.40$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$9.62$1.77$0.47$0.40$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$10.3$1.70$0.44$0.42$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$11.3$1.68$0.42$0.41$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$11.1$1.66$0.43$0.40$0.03
2014Detailed filing. Detailed filing data is available for this year.$13.1$11.4$1.63$0.44$0.42$0.02
2013Detailed filing. Detailed filing data is available for this year.$13.1$11.5$1.60$0.48$0.43$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$11.1$1.48$0.49