Civic Intelligence

Gundersen Credit Union

990 • Fiscal year 2014 • EIN 23-7108910

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 11, 2015

1910 South AvenueLA Crosse, WI 54601-5467

(608) 775-4785

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.86x

Higher debt load relative to assets than 33% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

77th percentile

24.95x

Higher debt load relative to revenue than 77% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

78th percentile

14%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

79th percentile

$122,904

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

21st percentile

-1.9%

Faster asset growth than 21% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2012 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$38,281,865

Down $1,514,339 (-3.8%) from 2012

Net Assets

Up

$5,408,611

Up $448,149 (+9.0%) from 2012

Liabilities

Down

$32,873,254

Down $1,962,488 (-5.6%) from 2012

Revenue

$1,317,424

No earlier filing loaded for comparison.

Expenses

Down

$1,126,703

Down $121,832 (-9.8%) from 2012

Net Income

$190,721

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $33,190,671Liabilities 2010: $28,942,674Net Assets 2010: $4,247,9972010Assets 2011: $35,740,799Liabilities 2011: $31,116,666Net Assets 2011: $4,624,1332011Assets 2012: $39,796,204Liabilities 2012: $34,835,742Net Assets 2012: $4,960,4622012Assets 2014: $38,281,865Liabilities 2014: $32,873,254Net Assets 2014: $5,408,6112014Assets 2015: $40,703,275Liabilities 2015: $35,121,378Net Assets 2015: $5,581,8972015Assets 2016: $41,284,466Liabilities 2016: $35,599,022Net Assets 2016: $5,685,4442016Assets 2017: $43,614,960Liabilities 2017: $37,807,495Net Assets 2017: $5,807,4652017Assets 2018: $45,830,888Liabilities 2018: $39,661,462Net Assets 2018: $6,169,4262018Assets 2019: $50,620,221Liabilities 2019: $44,123,357Net Assets 2019: $6,496,8642019Assets 2020: $57,790,348Liabilities 2020: $51,163,340Net Assets 2020: $6,627,0082020Assets 2021: $61,946,937Liabilities 2021: $55,106,542Net Assets 2021: $6,840,3952021Assets 2022: $61,290,036Liabilities 2022: $54,237,752Net Assets 2022: $7,052,2842022Assets 2023: $60,501,430Liabilities 2023: $53,351,065Net Assets 2023: $7,150,3652023Assets 2024: $60,805,463Liabilities 2024: $53,422,539Net Assets 2024: $7,382,9242024

Highlighted filing

2014

Assets$38,281,865
Liabilities$32,873,254
Net Assets$5,408,611

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2010: $1,422,2622010Expenses 2011: $1,311,6402011Expenses 2012: $1,248,5352012Revenue 2014: $1,317,424Expenses 2014: $1,126,703Net Income 2014: $190,7212014Revenue 2015: $1,331,057Expenses 2015: $1,157,771Net Income 2015: $173,2862015Revenue 2016: $1,408,376Expenses 2016: $1,304,829Net Income 2016: $103,5472016Revenue 2017: $1,505,629Expenses 2017: $1,384,817Net Income 2017: $120,8122017Revenue 2018: $1,661,300Expenses 2018: $1,299,339Net Income 2018: $361,9612018Revenue 2019: $1,791,868Expenses 2019: $1,464,430Net Income 2019: $327,4382019Revenue 2020: $1,722,655Expenses 2020: $1,592,511Net Income 2020: $130,1442020Revenue 2021: $1,757,641Expenses 2021: $1,544,255Net Income 2021: $213,3862021Revenue 2022: $1,954,633Expenses 2022: $1,742,748Net Income 2022: $211,8852022Revenue 2023: $2,447,733Expenses 2023: $2,345,326Net Income 2023: $102,4072023Revenue 2024: $2,756,445Expenses 2024: $2,523,891Net Income 2024: $232,5542024

Highlighted filing

2014

Revenue$1,317,424
Expenses$1,126,703
Net Income$190,721
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 11, 2015
Return Version
2014v5.0
Gross Receipts
$1,317,424
Mission and Program Overview

Mission

To function as a member-owned, not-for-profit financial cooperative for employees, retirees, and volunteers of gundersen health system, and its affiliates, and members of their immediate families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$24,148,172$22,666,031▼ $1,482,141
Investments Other Securities$15,557,274$15,225,520▼ $331,754
Rtn Earn Endowment Incm Other Fnds$5,217,890$5,408,611▲ $190,721
Cash and Non-Interest-Bearing Accounts$528,366$302,350▼ $226,016
Land, Buildings, and Equipment, Net$34,825$24,837▼ $9,988
Prepaid Expenses and Deferred Charges$16,281$14,148▼ $2,133
Total Assets$40,334,549$38,281,865▼ $2,052,684
Other Assets Total$49,631$48,979▼ $652
Liabilities
Other Liabilities$35,060,741$32,817,392▼ $2,243,349
Accounts Payable and Accrued Expenses$55,918$55,862▼ $56
Total Liabilities$35,116,659$32,873,254▼ $2,243,405
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,217,890$5,408,611▲ $190,721
Total Liabilities and Net Assets / Fund Balance$40,334,549$38,281,865▼ $2,052,684

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,837$76,520$101,357
Other Securities$20--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sam SauerPresident/ceFT$100,862$22,042$122,904

Board Members and Trustees

NameTitle
Kraig SchusterChair
Paul FischVice Chair
Lisa RaineyDirector
Mark HutsonDirector
Phillip SchumacherDirector
Lynn RoachSecretary
Bing ZillmerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,152,048
Investment Income
$164,716
Other Revenue
$660
Change in Net Assets
$190,721
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$669,161
Salaries, Compensation, and Employee Benefits$457,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$230,654--$230,654
Current Officers, Directors, Trustees, and Key Employees$104,101--$104,101
Other Expenses$85,794--$85,794
Other Employee Benefits$77,529--$77,529
Office Expenses$71,978--$71,978
All Other Expenses$54,330--$54,330
Payroll Taxes$23,118--$23,118
Pension Plan Contributions$22,140--$22,140
Advertising$17,117--$17,117
Fees for Services Accounting$12,485--$12,485
Depreciation Depletion$10,965--$10,965
Occupancy$10,187--$10,187
Total Functional Expenses$1,126,703$0$0$1,126,703
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares and Deposits$32,720,777
Other Liabilities$96,615
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Owned and controlled by its members.

Form 990, Page 6, Part VI, Line 7A

Members have the right to vote and nominate individuals to serve on the board of directors.

Form 990, Page 6, Part VI, Line 7B

Members approve annual meeting elections.

Form 990, Page 6, Part VI, Line 11B

Reviewed and approved by management. Provided to board prior to filing.

Form 990, Page 6, Part VI, Line 12C

PRESIDENT MONITORS.

Form 990, Page 6, Part VI, Line 15A

Compensation is determined by the personnel committee, which is made up of members of the board of directors and is based on industry standards.

Form 990, Page 6, Part VI, Line 15B

Compensation is determined by the personnel committee, which is made up of members of the board of directors and is based on industry standards.

Form 990, Page 6, Part VI, Line 19

Records available to the public through the national credit union administration.

Filing and Contact Details

Filer

Filer Name
Gundersen Credit Union
EIN
23-7108910
Phone
6087754785
Address
1910 SOUTH AVENUE, LA CROSSE, WI 54601-5467

Signing Officer

Name
Sam Sauer
Title
President
Phone
6087754785
Signed
2015-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sam Sauer
Formed
1971
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
7

Preparer

Firm
FRANKE & TURNBULL CPA'S
Address
505 KING ST STE 105, LA CROSSE, WI 54601
Preparer
Scott Turnbull
Phone
6087841890
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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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt076520
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0101357
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032720777
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt196615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES AND DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt010732000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt12407650
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2500000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3358149
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4345031
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5220000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt6200000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt7177604
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt8120872
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt9107094
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1047000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1110000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt12100
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1320
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CCCU CHECKING
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CCU PLUS ACCOUNT 4X
IRS990ScheduleD/OtherSecuritiesGrp/Desc3MONEY MARKET - COMMUNITY CU
IRS990ScheduleD/OtherSecuritiesGrp/Desc4NCUSIF INVESTMENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc5FED FUNDS PURCHASED
IRS990ScheduleD/OtherSecuritiesGrp/Desc6CCU CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/Desc7CCCU PAID IN CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/Desc8CCCU MEMBERSHIP CAPITAL SHARES
IRS990ScheduleD/OtherSecuritiesGrp/Desc9INVESTMENTS IN CREDIT UNIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc10VISA INVESTMENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc11CUSO SHARED SERVICES
IRS990ScheduleD/OtherSecuritiesGrp/Desc12WISCUB
IRS990ScheduleD/OtherSecuritiesGrp/Desc13CREDIT UNION SHARES
IRS990ScheduleD/OtherSecuritiesGrp/Desc14CCCU OTHER INVESTMENTS
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd9C
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd11C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd12C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd13C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd14C
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IRS990ScheduleD/TotalBookValueSecuritiesAmt015225520
IRS990ScheduleD/TotalLiabilityAmt032817392
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OWNED AND CONTROLLED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS HAVE THE RIGHT TO VOTE AND NOMINATE INDIVIDUALS TO SERVE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS APPROVE ANNUAL MEETING ELECTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED AND APPROVED BY MANAGEMENT. PROVIDED TO BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRESIDENT MONITORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS DETERMINED BY THE PERSONNEL COMMITTEE, WHICH IS MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS AND IS BASED ON INDUSTRY STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION IS DETERMINED BY THE PERSONNEL COMMITTEE, WHICH IS MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS AND IS BASED ON INDUSTRY STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7RECORDS AVAILABLE TO THE PUBLIC THROUGH THE NATIONAL CREDIT UNION ADMINISTRATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt040334549
IRS990/TotalAssetsEOYAmt038281865
IRS990/TotalAssetsGrp/BOYAmt040334549
IRS990/TotalAssetsGrp/EOYAmt038281865
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01126703
IRS990/TotalFunctionalExpensesGrp/TotalAmt01126703
IRS990/TotalGrossUBIAmt045442
IRS990/TotalLiabilitiesBOYAmt035116659
IRS990/TotalLiabilitiesEOYAmt032873254
IRS990/TotalLiabilitiesGrp/BOYAmt035116659
IRS990/TotalLiabilitiesGrp/EOYAmt032873254
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05217890
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05408611
IRS990/TotalOtherCompensationAmt022042
IRS990/TotalProgramServiceExpensesAmt01126703
IRS990/TotalProgramServiceRevenueAmt01152048
IRS990/TotalReportableCompFromOrgAmt0100862
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01271982
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01317424
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt045442
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt040334549
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt038281865
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.GUNDERSENCU.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SAM SAUER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06087754785
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GUNDERSEN CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0GUND
ReturnHeader/Filer/EIN0237108910
ReturnHeader/Filer/PhoneNum06087754785
ReturnHeader/Filer/USAddress/AddressLine1Txt01910 SOUTH AVENUE
ReturnHeader/Filer/USAddress/CityNm0LA CROSSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0546015467
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391559356
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRANKE & TURNBULL CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0505 KING ST STE 105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LA CROSSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054601
ReturnHeader/PreparerPersonGrp/PhoneNum06087841890
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT TURNBULL
ReturnHeader/ReturnTs02015-11-06T16:44:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.8$53.4$7.38$2.76$2.52$0.23
2023Detailed filing. Detailed filing data is available for this year.$60.5$53.4$7.15$2.45$2.35$0.10
2022Detailed filing. Detailed filing data is available for this year.$61.3$54.2$7.05$1.95$1.74$0.21
2021Detailed filing. Detailed filing data is available for this year.$61.9$55.1$6.84$1.76$1.54$0.21
2020Detailed filing. Detailed filing data is available for this year.$57.8$51.2$6.63$1.72$1.59$0.13
2019Detailed filing. Detailed filing data is available for this year.$50.6$44.1$6.50$1.79$1.46$0.33
2018Detailed filing. Detailed filing data is available for this year.$45.8$39.7$6.17$1.66$1.30$0.36
2017Detailed filing. Detailed filing data is available for this year.$43.6$37.8$5.81$1.51$1.38$0.12
2016Detailed filing. Detailed filing data is available for this year.$41.3$35.6$5.69$1.41$1.30$0.10
2015Detailed filing. Detailed filing data is available for this year.$40.7$35.1$5.58$1.33$1.16$0.17
2014Detailed filing. Detailed filing data is available for this year.$38.3$32.9$5.41$1.32$1.13$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.8$34.8$4.96$1.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.7$31.1$4.62$1.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.2$28.9$4.25$1.42