Civic Intelligence

Universal 1 Credit Union Inc

990 • Fiscal year 2013 • EIN 31-0387145

Jan 01, 2013 to Dec 31, 2013 • Filed on May 07, 2014

1 River Park Drive45409

(937) 225-6800

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.92x

Higher debt load relative to assets than 82% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Liabilities / Revenue

34th percentile

16.31x

Higher debt load relative to revenue than 34% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Net Margin

10th percentile

4.4%

Higher net margin than 10% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Top Officer Pay

44th percentile

$343,251

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Asset Growth

5th percentile

-1.1%

Faster asset growth than 5% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

Down

$374,685,551

Down $4,056,479 (-1.1%) from 2012

Net Assets

Up

$31,574,145

Up $1,127,620 (+3.7%) from 2012

Liabilities

Down

$343,111,406

Down $5,184,099 (-1.5%) from 2012

Revenue

$21,036,580

No earlier filing loaded for comparison.

Expenses

Up

$20,118,039

Up $777,217 (+4.0%) from 2012

Net Income

$918,541

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.

$600M$400M$200M$0Assets 2010: $346,666,681Liabilities 2010: $318,279,313Net Assets 2010: $28,387,3682010Assets 2011: $354,727,734Liabilities 2011: $325,735,018Net Assets 2011: $28,992,7162011Assets 2012: $378,742,030Liabilities 2012: $348,295,505Net Assets 2012: $30,446,5252012Assets 2013: $374,685,551Liabilities 2013: $343,111,406Net Assets 2013: $31,574,1452013Assets 2014: $379,036,533Liabilities 2014: $345,636,390Net Assets 2014: $33,400,1432014Assets 2015: $396,604,422Liabilities 2015: $363,278,782Net Assets 2015: $33,325,6402015Assets 2016: $416,366,411Liabilities 2016: $382,944,427Net Assets 2016: $33,421,9842016Assets 2017: $419,065,752Liabilities 2017: $384,943,202Net Assets 2017: $34,122,5502017Assets 2018: $416,141,862Liabilities 2018: $381,163,824Net Assets 2018: $34,978,0382018Assets 2019: $423,716,424Liabilities 2019: $386,655,327Net Assets 2019: $37,061,0972019Assets 2020: $452,632,301Liabilities 2020: $414,659,659Net Assets 2020: $37,972,6422020Assets 2021: $475,826,892Liabilities 2021: $435,669,787Net Assets 2021: $40,157,1052021Assets 2022: $453,082,352Liabilities 2022: $419,673,621Net Assets 2022: $33,408,7312022Assets 2023: $417,035,587Liabilities 2023: $377,657,026Net Assets 2023: $39,378,5612023Assets 2024: $417,734,447Liabilities 2024: $375,621,879Net Assets 2024: $42,112,5682024

Highlighted filing

2013

Assets$374,685,551
Liabilities$343,111,406
Net Assets$31,574,145

Operations Trend

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

$30M$20M$10M$0Expenses 2010: $20,002,1552010Expenses 2011: $19,407,6742011Expenses 2012: $19,340,8222012Revenue 2013: $21,036,580Expenses 2013: $20,118,039Net Income 2013: $918,5412013Revenue 2014: $21,865,688Expenses 2014: $19,620,879Net Income 2014: $2,244,8092014Revenue 2015: $20,458,037Expenses 2015: $20,180,338Net Income 2015: $277,6992015Revenue 2016: $19,919,892Expenses 2016: $19,720,875Net Income 2016: $199,0172016Revenue 2017: $20,245,490Expenses 2017: $19,517,603Net Income 2017: $727,8872017Revenue 2018: $21,366,208Expenses 2018: $20,528,883Net Income 2018: $837,3252018Revenue 2019: $21,416,297Expenses 2019: $19,729,060Net Income 2019: $1,687,2372019Revenue 2020: $18,399,361Expenses 2020: $17,554,896Net Income 2020: $844,4652020Revenue 2021: $18,974,323Expenses 2021: $15,002,754Net Income 2021: $3,971,5692021Revenue 2022: $20,536,966Expenses 2022: $18,365,211Net Income 2022: $2,171,7552022Revenue 2023: $26,354,343Expenses 2023: $23,575,926Net Income 2023: $2,778,4172023Revenue 2024: $26,406,938Expenses 2024: $25,948,508Net Income 2024: $458,4302024

Highlighted filing

2013

Revenue$21,036,580
Expenses$20,118,039
Net Income$918,541
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 7, 2014
Return Version
2013v3.0
Gross Receipts
$35,231,548
Mission and Program Overview

Mission

To advance the credit union ideal of a member owned, not-for-profit financial cooperative; to provide and promote the use of numerous innovative and high quality financial services featuring competitive benefits and advantages to help members gain personal financial success; and to extend services emphasizing financial education throughout the membership and community.

State-chartered credit union organized to provide members with financial services and products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$299,594,729$301,424,165▲ $1,829,436
Rtn Earn Endowment Incm Other Fnds$30,446,525$31,574,145▲ $1,127,620
Investments Other Securities$28,579,480$28,907,695▲ $328,215
Savings and Temporary Cash Investments$28,488,608$22,133,180▼ $6,355,428
Land, Buildings, and Equipment, Net$7,446,338$7,556,804▲ $110,466
Cash and Non-Interest-Bearing Accounts$4,841,566$4,093,324▼ $748,242
Prepaid Expenses and Deferred Charges$1,590,187$1,747,586▲ $157,399
Investments in Publicly Traded Securities$516,367$365,158▼ $151,209
Accounts Receivable$162,420$100,493▼ $61,927
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$378,742,030$374,685,551▼ $4,056,479
Other Assets Total$7,522,335$8,357,146▲ $834,811
Liabilities
Other Liabilities$344,745,727$339,290,137▼ $5,455,590
Accounts Payable and Accrued Expenses$2,979,720$3,355,981▲ $376,261
Escrow Account Liability$570,058$465,288▼ $104,770
Total Liabilities$348,295,505$343,111,406▼ $5,184,099
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,446,525$31,574,145▲ $1,127,620
Total Liabilities and Net Assets / Fund Balance$378,742,030$374,685,551▼ $4,056,479

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,365,742$3,935,166$8,300,908
Equipment$1,168,227$6,420,464$7,588,691
Land$1,950,061-$1,950,061
Leasehold Improvements$72,774$697,550$770,324
Other Securities$28,907,695--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Loren a RushPresident/CEOFT$244,893$98,358$343,251
Steven D ShoreEvp - OperationsFT$122,367$61,296$183,663
Ann M ParrishTreasurer/evp FinanceFT$117,518$59,051$176,569
Shannon R MaloneyEvp - Mis/corp SvcsFT$110,367$55,724$166,091
Lisa G FrancisVP - Human Resources - to 6/12/13FT$122,278$16,802$139,080
Thomas L Newton JrSVP - Member ServicesFT$97,726$24,089$121,815
Lisa CarbaughSVP - AdministrationFT$103,642$10,864$114,506
Daniel L GougeVP - Member ContactFT$66,723$33,275$99,998
Deborah L LutzAvp - Member AccountsFT$72,124$21,383$93,507
Cynthia K LebrunAvp - Member ServicesFT$69,436$13,849$83,285
Kathryn M LewisAvp - Accounting Services - From 3/29/13FT$60,658$7,301$67,959
Carol J KuceraExecutive Admin AsstFT$56,548$7,475$64,023
Patricia a RitzAvp - Accounting Services - to 3/29/13FT$26,548$3,104$29,652

Board Members and Trustees

NameTitle
Gary R MoyerChairman
Joseph B WoesteDirector
Philip S MalsDirector
Rosemary DomanskyDirector
Thomas J HickeyDirector
William R Saylor JrDirector - to 11/20/13
John D JohnsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,758,037
Investment Income
$278,543
Other Revenue
$0
Change in Net Assets
$918,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,781,664
Salaries, Compensation, and Employee Benefits$6,327,498
Grants and Similar Amounts Paid$8,877
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,601,364
Information Technology---$1,926,836
Current Officers, Directors, Trustees, and Key Employees---$1,683,399
Occupancy---$1,035,182
Office Expenses---$923,119
Depreciation Depletion---$787,787
Payroll Taxes---$389,248
Pension Plan Contributions---$353,153
All Other Expenses---$312,806
Other Employee Benefits---$300,334
Other Expenses---$277,313
Advertising---$256,029
Fees for Services Accounting---$164,109
Travel---$140,235
Fees for Services Legal---$116,211
Fees for Services Management---$98,182
Insurance---$96,152
Fees for Service Investment Mgmnt Fees---$92,749
Payments to Affiliates---$72,629
Conferences and Meetings---$27,395
Grants to Domestic Individuals---$8,877
Total Functional Expenses$0$0$0$20,118,039
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
Member Shares and Certificates$339,290,137
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 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

Strong financial cooperative extending competitive financial products and services to members all over the world. Individuals are eligible to join the credit union if they live, work, worship, or attend school in one of our many communities that we serve; have a family member who is an established member of the credit union; or work for a company that is affiliated with the credit union.

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

Yes - one vote per member of the credit union

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

Yes, pursuant to the regulation of the ncua and the ohio division of credit unions

Form 990, Part VI, Section B, Line 11

Tax accountant will review the form 990 based on the audited financial statements and the information provided by the client. In addition, an electronic copy of the form 990 is submitted to each member of the organization's governing body for review of the return prior to filing.

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

Included in the employee handbook, section 4, pages 14-15 state "the employee must never use their position with the organization, or any of its members, or affiliates for private gain, to advance personal interests or to obtain favors or benefits for themselves, members of their families or any other individuals, corporations or business entities. The credit union will adhere to ohio administrative code 1301:9-2-13 requiring the reporting of all transactions, other than reimbursement and employee wages between the credit union and its employees or immediate family thereof or business controlled thereby must be disclosed annually to the superintendent. Employees are required to provide the applicable reportable information to human resources."

Form 990, Part VI, Section B, Line 15

The credit union receives the annual salary survey from cuna (credit union national association) and cues (credit union executive society), which we purchase specifically for the purpose of determining compensation.

Form 990, Part VI, Section C, Line 19

Our financial statements are posted in the lobby of our main office and all of our division offices. The other information is available upon written request.

Filing and Contact Details

Filer

EIN
31-0387145
Phone
9372256800

Signing Officer

Name
Ann M Parrish
Title
Treasurer/evp Finance
Phone
9372256800
Signed
2014-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Loren a Rush
Formed
1937
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
6
Employees
138
Volunteers
6

Preparer

Preparer
Tracy a Poeppelman
Phone
9372980201
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's process for oversight of the audit of its financial statements and the selection of an independent accountant has not changed from the prior year.

FORM 990, PART IV, LINE 12:

The organization obtained separate independent audited financial statements for the fiscal year end 9/30/2013 and will obtain separate independent audited financial statements for the fiscal year end 9/30/2014.

Financial Statement Notes

PART IV, LINE 2B:

The credit union collects a monthly amount along with principal and interest for our first mortgage loans to pay the member's real estate taxes and insurance.

PART X, LINE 2:

Income taxes footnote from the september 30, 2013 audited financial statements: the credit union is generally exempt from federal and state income taxes in accordance with section 1733.43 of the laws related to state-chartered credit unions. The internal revenue service (irs) has ruled that certain activities of state-chartered credit unions may be subject to federal income taxation, pursuant to unrelated business income tax (ubit) provisions of the internal revenue code. The credit union has met its filing requirement and determined it had no obligation under the ubit rules. The credit union's federal information returns are subject to examination by the internal revenue service for a period of three years after filing. The credit union has been required to file a federal information return since 2009.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1826548
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19145809
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR - TO 11/20/13
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SVP - ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP - HUMAN RESOURCES - TO 6/12/13
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP - MEMBER CONTACT
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE ADMIN ASST
IRS990/Form990PartVIISectionAGrp/TitleTxt12AVP - MEMBER SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt13AVP - ACCOUNTING SERVICES - FROM 3/29/13
IRS990/Form990PartVIISectionAGrp/TitleTxt14AVP - MEMBER ACCOUNTS
IRS990/Form990PartVIISectionAGrp/TitleTxt15EVP - MIS/CORP SVCS
IRS990/Form990PartVIISectionAGrp/TitleTxt16SVP - MEMBER SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER/EVP FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt18AVP - ACCOUNTING SERVICES - TO 3/29/13
IRS990/Form990PartVIISectionAGrp/TitleTxt19EVP - OPERATIONS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01937
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-120882
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt08877
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0929086
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt013145000
IRS990/GrossReceiptsAmt035231548
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01926836
IRS990/InsuranceGrp/TotalAmt096152
IRS990/InvestmentIncomeGrp/ExclusionAmt0399425
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0399425
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt028579480
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt028907695
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0516367
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0365158
IRS990/IRPDocumentCnt05292
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011053180
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07446338
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07556804
IRS990/LandBldgEquipCostOrOtherBssAmt018609984
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01049968
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt013145000
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ADVANCE THE CREDIT UNION IDEAL OF A MEMBER OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE; TO PROVIDE AND PROMOTE THE USE OF NUMEROUS INNOVATIVE AND HIGH QUALITY FINANCIAL SERVICES... FEATURING COMPETITIVE BENEFITS AND ADVANTAGES TO HELP MEMBERS GAIN PERSONAL FINANCIAL SUCCESS; AND TO EXTEND SERVICES EMPHASIZING FINANCIAL EDUCATION THROUGHOUT THE MEMBERSHIP AND COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt030446525
IRS990/NetAssetsOrFundBalancesEOYAmt031574145
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-120882
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-120882
IRS990/NetUnrelatedBusTxblIncmAmt0-247772
IRS990/NetUnrlzdGainsLossesInvstAmt0209079
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01035182
IRS990/OfficeExpensesGrp/TotalAmt0923119
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07522335
IRS990/OtherAssetsTotalGrp/EOYAmt08357146
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0300334
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1MEMBER DIVIDENDS PAID
IRS990/OtherExpensesGrp/Desc2LOAN EXPENSE
IRS990/OtherExpensesGrp/Desc3LOAN PROTECTION
IRS990/OtherExpensesGrp/TotalAmt03325000
IRS990/OtherExpensesGrp/TotalAmt13267460
IRS990/OtherExpensesGrp/TotalAmt2862470
IRS990/OtherExpensesGrp/TotalAmt3277313
IRS990/OtherLiabilitiesGrp/BOYAmt0344745727
IRS990/OtherLiabilitiesGrp/EOYAmt0339290137
IRS990/OtherSalariesAndWagesGrp/TotalAmt03601364
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0299594729
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0301424165
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt072629
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0389248
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0353153
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01590187
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01747586
IRS990/PrincipalOfficerNm0LOREN A RUSH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INT & FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2INSURANCE RELATED INC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018902056
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11270871
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2211968
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018953829
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11510687
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2293521
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt051773
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1239816
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt281553
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING FINANCIAL SERVICES TO CREDIT UNION MEMBERS. WE PROVIDED 22,039 CHECKING ACCOUNTS; 47,428 SAVINGS ACCOUNTS; 1,369 MONEY MARKET ACCOUNTS; 5,019 CERTIFICATE OF DEPOSITS; 2,052 RETIREMENT ACCOUNTS; AND 416 OTHER ACCOUNTS TO MEMBERS IN 2013.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt011704
IRS990/PYInvestmentIncomeAmt0472865
IRS990/PYOtherExpensesAmt013354684
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt020336312
IRS990/PYRevenuesLessExpensesAmt01468355
IRS990/PYSalariesCompEmpBnftPaidAmt05974434
IRS990/PYTotalExpensesAmt019340822
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020809177
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0918541
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt030446525
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt031574145
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028488608
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022133180
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04365742
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03935166
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08300908
IRS990ScheduleD/EquipmentGrp/BookValueAmt01168227
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06420464
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07588691
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01950061
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01950061
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt072774
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0697550
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0770324
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0339290137
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt028907695
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION COLLECTS A MONTHLY AMOUNT ALONG WITH PRINCIPAL AND INTEREST FOR OUR FIRST MORTGAGE LOANS TO PAY THE MEMBER'S REAL ESTATE TAXES AND INSURANCE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME TAXES FOOTNOTE FROM THE SEPTEMBER 30, 2013 AUDITED FINANCIAL STATEMENTS: THE CREDIT UNION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES IN ACCORDANCE WITH SECTION 1733.43 OF THE LAWS RELATED TO STATE-CHARTERED CREDIT UNIONS. THE INTERNAL REVENUE SERVICE (IRS) HAS RULED THAT CERTAIN ACTIVITIES OF STATE-CHARTERED CREDIT UNIONS MAY BE SUBJECT TO FEDERAL INCOME TAXATION, PURSUANT TO UNRELATED BUSINESS INCOME TAX (UBIT) PROVISIONS OF THE INTERNAL REVENUE CODE. THE CREDIT UNION HAS MET ITS FILING REQUIREMENT AND DETERMINED IT HAD NO OBLIGATION UNDER THE UBIT RULES. THE CREDIT UNION'S FEDERAL INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS AFTER FILING. THE CREDIT UNION HAS BEEN REQUIRED TO FILE A FEDERAL INFORMATION RETURN SINCE 2009.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07556804
IRS990ScheduleD/TotalBookValueSecuritiesAmt028907695
IRS990ScheduleD/TotalLiabilityAmt0339290137
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt02000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt16877
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CREDIT UNION SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1TUITION COST - INDIANA WESLEYAN UNIVERSITY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt10
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt11
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0244893

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$418$376$42.1$26.4$25.9$0.46
2023Detailed filing. Detailed filing data is available for this year.$417$378$39.4$26.4$23.6$2.78
2022Detailed filing. Detailed filing data is available for this year.$453$420$33.4$20.5$18.4$2.17
2021Detailed filing. Detailed filing data is available for this year.$476$436$40.2$19.0$15.0$3.97
2020Detailed filing. Detailed filing data is available for this year.$453$415$38.0$18.4$17.6$0.84
2019Detailed filing. Detailed filing data is available for this year.$424$387$37.1$21.4$19.7$1.69
2018Detailed filing. Detailed filing data is available for this year.$416$381$35.0$21.4$20.5$0.84
2017Detailed filing. Detailed filing data is available for this year.$419$385$34.1$20.2$19.5$0.73
2016Detailed filing. Detailed filing data is available for this year.$416$383$33.4$19.9$19.7$0.20
2015Detailed filing. Detailed filing data is available for this year.$397$363$33.3$20.5$20.2$0.28
2014Detailed filing. Detailed filing data is available for this year.$379$346$33.4$21.9$19.6$2.24
2013Detailed filing. Detailed filing data is available for this year.$375$343$31.6$21.0$20.1$0.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$379$348$30.4$19.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$355$326$29.0$19.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$347$318$28.4$20.0