Civic Intelligence

Access Credit Union

990 • Fiscal year 2023 • EIN 23-7237052

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 29, 2024

23 Commerce CircleBristol, PA 19007

(215) 788-0411

Siviq Scores

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

Liabilities / Assets

47th percentile

0.88x

Higher debt load relative to assets than 47% of similar nonprofits.

2023 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

20.20x

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

2023 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2023

Net Margin

46th percentile

13%

Higher net margin than 46% of similar nonprofits.

2023 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

35th percentile

$139,103

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2023 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2023

Asset Growth

94th percentile

8.8%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

18%

Faster revenue growth than 41% of similar nonprofits.

2023 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$58,906,188

Up $4,773,343 (+8.8%) from 2022

Net Assets

Up

$6,937,235

Up $132,752 (+2.0%) from 2022

Liabilities

Up

$51,968,953

Up $4,640,591 (+9.8%) from 2022

Revenue

Up

$2,572,890

Up $391,631 (+18%) from 2022

Expenses

Up

$2,249,671

Up $334,593 (+17%) from 2022

Net Income

Up

$323,219

Up $57,038 (+21%) from 2022

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2012: $42,963,305Liabilities 2012: $35,982,963Net Assets 2012: $6,980,3422012Assets 2013: $43,567,687Liabilities 2013: $36,537,128Net Assets 2013: $7,030,5592013Assets 2015: $42,541,069Liabilities 2015: $35,939,085Net Assets 2015: $6,601,9842015Assets 2016: $41,815,948Liabilities 2016: $35,439,563Net Assets 2016: $6,376,3852016Assets 2020: $53,550,056Liabilities 2020: $46,826,286Net Assets 2020: $6,723,7702020Assets 2021: $55,138,901Liabilities 2021: $48,308,797Net Assets 2021: $6,830,1042021Assets 2022: $54,132,845Liabilities 2022: $47,328,362Net Assets 2022: $6,804,4832022Assets 2023: $58,906,188Liabilities 2023: $51,968,953Net Assets 2023: $6,937,2352023Assets 2025: $67,529,646Liabilities 2025: $59,380,286Net Assets 2025: $8,149,3602025

Highlighted filing

2023

Assets$58,906,188
Liabilities$51,968,953
Net Assets$6,937,235

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2012: $1,927,1102012Revenue 2013: $2,029,631Expenses 2013: $1,979,414Net Income 2013: $50,2172013Revenue 2015: $1,861,261Expenses 2015: $2,337,053Net Income 2015: -$475,7922015Revenue 2016: $1,857,264Expenses 2016: $2,082,917Net Income 2016: -$225,6532016Revenue 2020: $2,041,019Expenses 2020: $1,822,413Net Income 2020: $218,6062020Revenue 2021: $2,045,987Expenses 2021: $1,891,519Net Income 2021: $154,4682021Revenue 2022: $2,181,259Expenses 2022: $1,915,078Net Income 2022: $266,1812022Revenue 2023: $2,572,890Expenses 2023: $2,249,671Net Income 2023: $323,2192023Revenue 2025: $3,610,495Expenses 2025: $3,041,632Net Income 2025: $568,8632025

Highlighted filing

2023

Revenue$2,572,890
Expenses$2,249,671
Net Income$323,219
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 29, 2024
Return Version
2023v4.0
Gross Receipts
$2,572,890
Mission and Program Overview

Mission

To provide financial services to members at a reduced or no cost

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$33,971,980$34,207,271▲ $235,291
Savings and Temporary Cash Investments$18,186,367$22,644,283▲ $4,457,916
Rtn Earn Endowment Incm Other Fnds$6,804,483$6,937,235▲ $132,752
Land, Buildings, and Equipment, Net$1,310,775$1,295,313▼ $15,462
Cash and Non-Interest-Bearing Accounts$356,052$436,165▲ $80,113
Prepaid Expenses and Deferred Charges$307,671$323,156▲ $15,485
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$54,132,845$58,906,188▲ $4,773,343
Liabilities
Other Liabilities$47,260,352$51,905,375▲ $4,645,023
Accounts Payable and Accrued Expenses$68,010$63,578▼ $4,432
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$47,328,362$51,968,953▲ $4,640,591
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,804,483$6,937,235▲ $132,752
Total Liabilities and Net Assets / Fund Balance$54,132,845$58,906,188▲ $4,773,343

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$529,173$389,059$0
Other Land Buildings$0$0$0
Land$692,273-$0
Equipment$73,867$726,996$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephen CordiscoCEOFT$139,103$139,103
Kevin BackstromCOOFT$127,835$127,835
John DoyleControllerFT$56,700$56,700

Board Members and Trustees

NameTitle
Maxine KunyczkaChairman
Anthony PintoDirector
Frank MarinoDirector
Greg MicucciDirector
Kevin FrakeDirector
Peter FaightDirector
Scott HarrisDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,023,634
Investment Income
$549,256
Other Revenue
$0
Change in Net Assets
$323,219

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,572,890
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,572,890
Total Revenue per Form 990
$2,572,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,393,994
Salaries, Compensation, and Employee Benefits$855,677
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$391,432
Interest---$381,753
Other Salaries and Wages---$333,647
Information Technology---$204,879
Occupancy---$193,788
All Other Expenses---$88,633
Office Expenses---$58,471
Other Employee Benefits---$56,416
Payroll Taxes---$53,190
Fees for Services Accounting---$49,385
Advertising---$40,105
Depreciation Depletion---$34,393
Insurance---$32,586
Pension Plan Contributions---$20,992
Fees for Services Legal---$3,990
Other Expenses---$2,346
Total Functional Expenses$0$0$0$2,249,671

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,249,671
Total Expenses per Audited Statements$2,249,671
Total Expenses per Form 990$2,249,671
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$51,905,375
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Anyone with an account is considered a member and has a vote.

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

All members may be elected to the BOD

Form 990, Part VI, Section B, Line 11B

A draft is presented to the BOD before filing

Form 990, Part VI, Section B, Line 12C

Internal accounts are reviewed by the CEO

Form 990, Part VI, Section B, Line 15

Compensation committee gathers information to determine salary

Form 990, Part VI, Section C, Line 19

Disclosuers are on website, Financial Statements are posted in branch lobby

Filing and Contact Details

Filer

Filer Name
Access Credit Union
EIN
23-7237052
Phone
2157880411
Address
23 Commerce Circle, Bristol, PA 19007

Signing Officer

Name
Stephen Cordisco
Title
CEO
Phone
2157880411
Signed
2024-02-29

Organization Details

Principal Officer
Stephen Cordisco
Formed
1972
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
7
Employees
10
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Other change in net assets was for the adoption of Current Expected Credit Loss (CECL) calaculation in 2023

Raw XML AppendixShowing 400 of 498 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/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0164781
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0193788
IRS990/OfficeExpensesGrp/TotalAmt058471
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-355248
IRS990/OtherEmployeeBenefitsGrp/TotalAmt056416
IRS990/OtherExpensesGrp/Desc0ATM Expense
IRS990/OtherExpensesGrp/Desc1VISA Expense
IRS990/OtherExpensesGrp/Desc2Provision for Loan Loss
IRS990/OtherExpensesGrp/TotalAmt0225184
IRS990/OtherExpensesGrp/TotalAmt178481
IRS990/OtherExpensesGrp/TotalAmt22346
IRS990/OtherLiabilitiesGrp/BOYAmt047260352
IRS990/OtherLiabilitiesGrp/EOYAmt051905375
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0333647
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt033971980
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt034207271
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt053190
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt020992
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0307671
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0323156
IRS990/PrincipalOfficerNm0Stephen Cordisco
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0Interest Income
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Other Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01524618
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1467824
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt231192
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01524618
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1467824
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt231192
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActyOtherGrp/Desc0To provide Financial services to members at a reduced or no cost.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0242738
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01117804
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01938521
IRS990/PYRevenuesLessExpensesAmt0266181
IRS990/PYSalariesCompEmpBnftPaidAmt0797274
IRS990/PYTotalExpensesAmt01915078
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02181259
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0323219
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06804483
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06937235
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018186367
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022644283
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0529173
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0389059
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0918232
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt073867
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0726996
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0800863
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02249671
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0692273
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0692273
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt051905375
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Shares
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02572890
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01295313
IRS990ScheduleD/TotalExpensesPerForm990Amt02249671
IRS990ScheduleD/TotalLiabilityAmt051905375
IRS990ScheduleD/TotalRevenuePerForm990Amt02572890
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02572890
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02249671
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Anyone with an account is considered a member and has a vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All members may be elected to the BOD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A draft is presented to the BOD before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Internal accounts are reviewed by the CEO

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