Civic Intelligence

0859 Atrium Credit Union Inc

990 • Fiscal year 2017 • EIN 31-0622088

Jan 01, 2017 to Dec 31, 2017 • Filed on May 02, 2018

6051 Market Street Suite CFranklin, OH 45005

(513) 420-5179

Siviq Scores

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

Liabilities / Assets

64th percentile

0.88x

Higher debt load relative to assets than 64% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

44th percentile

18.27x

Higher debt load relative to revenue than 44% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Net Margin

53rd percentile

4.8%

Higher net margin than 53% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

78th percentile

$77,073

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Asset Growth

92nd percentile

8.4%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

0.4%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$8,990,920

Up $699,220 (+8.4%) from 2016

Net Assets

Up

$1,087,051

Up $20,594 (+1.9%) from 2016

Liabilities

Up

$7,903,869

Up $678,626 (+9.4%) from 2016

Revenue

Up

$432,626

Up $1,799 (+0.4%) from 2016

Expenses

Down

$412,032

Down $10,217 (-2.4%) from 2016

Net Income

Up

$20,594

Up $12,016 (+140%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2016: $8,291,700Liabilities 2016: $7,225,243Net Assets 2016: $1,066,4572016Assets 2017: $8,990,920Liabilities 2017: $7,903,869Net Assets 2017: $1,087,0512017Assets 2018: $8,949,478Liabilities 2018: $7,827,375Net Assets 2018: $1,122,1032018Assets 2019: $8,869,550Liabilities 2019: $7,717,968Net Assets 2019: $1,151,5822019Assets 2020: $10,437,573Liabilities 2020: $9,327,194Net Assets 2020: $1,110,3792020Assets 2021: $11,412,128Liabilities 2021: $10,371,558Net Assets 2021: $1,040,5702021Assets 2022: $11,733,536Liabilities 2022: $10,670,211Net Assets 2022: $1,063,3252022Assets 2023: $10,881,882Liabilities 2023: $9,726,171Net Assets 2023: $1,155,7112023Assets 2024: $11,095,594Liabilities 2024: $9,857,491Net Assets 2024: $1,238,1032024

Highlighted filing

2017

Assets$8,990,920
Liabilities$7,903,869
Net Assets$1,087,051

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $430,827Expenses 2016: $422,249Net Income 2016: $8,5782016Revenue 2017: $432,626Expenses 2017: $412,032Net Income 2017: $20,5942017Revenue 2018: $462,236Expenses 2018: $427,184Net Income 2018: $35,0522018Revenue 2019: $475,230Expenses 2019: $445,751Net Income 2019: $29,4792019Revenue 2020: $390,735Expenses 2020: $431,938Net Income 2020: -$41,2032020Revenue 2021: $377,484Expenses 2021: $447,293Net Income 2021: -$69,8092021Revenue 2022: $517,509Expenses 2022: $494,754Net Income 2022: $22,7552022Revenue 2023: $573,306Expenses 2023: $480,920Net Income 2023: $92,3862023Revenue 2024: $594,293Expenses 2024: $511,901Net Income 2024: $82,3922024

Highlighted filing

2017

Revenue$432,626
Expenses$412,032
Net Income$20,594
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 2, 2018
Return Version
2017v2.0
Gross Receipts
$432,626
Mission and Program Overview

Mission

To provide lending, savings, and other financial services to qualified members at terms generally favorable in the marketplace with a "service-based emphasis" that recognizes the members status as owners.

Atrium Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services to the member owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,211,138$4,669,064▲ $457,926
Investments Program Related$3,243,452$3,136,452▼ $107,000
Rtn Earn Endowment Incm Other Fnds$1,066,457$1,087,051▲ $20,594
Savings and Temporary Cash Investments$639,284$928,651▲ $289,367
Cash and Non-Interest-Bearing Accounts$96,410$139,026▲ $42,616
Prepaid Expenses and Deferred Charges$6,788$21,295▲ $14,507
Land, Buildings, and Equipment, Net$15,507$9,507▼ $6,000
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
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,291,700$8,990,920▲ $699,220
Other Assets Total$79,121$86,925▲ $7,804
Liabilities
Other Liabilities$7,177,547$7,661,404▲ $483,857
Accounts Payable and Accrued Expenses$47,696$242,465▲ $194,769
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$7,225,243$7,903,869▲ $678,626
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,066,457$1,087,051▲ $20,594
Total Liabilities and Net Assets / Fund Balance$8,291,700$8,990,920▲ $699,220

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,507$408,652$418,159
Investment Program Related Org$109,452--
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia CottongimChief Executive OfficerFT$73,273$3,800$77,073

Board Members and Trustees

NameTitle
Amy NewlandChairperson of Board
Donna BanksVice Chairperson of Board
Deborah BranscombDirector
Douglas KoenigDirector
Greg HellmannDirector
Linda HowardDirector
Marquita TurnerDirector
Sandra SnowdenSecretary of Board
Greg NeumannTreasurer of Board
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$394,233
Investment Income
$38,393
Other Revenue
$0
Change in Net Assets
$20,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$218,418
Other Expenses$193,614
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,511$16,788$0$109,299
Current Officers, Directors, Trustees, and Key Employees$36,637$36,636$0$73,273
Information Technology$26,196$0$0$26,196
Other Employee Benefits$15,586$2,655$0$18,241
Office Expenses$18,031$0$0$18,031
Payroll Taxes$9,836$4,886$0$14,722
Occupancy$9,600$2,400$0$12,000
Fees for Services Accounting$500$10,822$0$11,322
Interest$10,063$0$0$10,063
Insurance$8,382$0$0$8,382
Depreciation Depletion$6,000$0$0$6,000
Fees for Services Management$0$5,550$0$5,550
Other Expenses$0$3,684$0$3,684
Pension Plan Contributions$2,701$182$0$2,883
Conferences and Meetings$944$1,907$0$2,851
Fees for Services Legal$2,299$0$0$2,299
Advertising$2,024$0$0$2,024
Total Functional Expenses$326,522$85,510$0$412,032
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
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
Members share savings$5,808,040
Members draft checking$1,374,491
Members share certificates$478,873
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

All credit unions by charter are member owned.

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

All of the governing body is elected by the membership.

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

The 990 is reviewed by management and the Board of Directors prior to submission.

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

The conflict of interest policy is reviewed by the employees and Board of Directors annually.

Form 990, Part VI, Section B, Line 15

Compensation of key employees is approved by the Board of Directors. Independent compensation surveys are utilized as a tool in setting compensation levels.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Atrium Credit Union Inc
EIN
31-0622088
Phone
5134205179
Address
6051 Market Street Suite C, Franklin, OH 45005

Signing Officer

Name
Cindy Cottingim
Title
Chief Executive Officer
Phone
5134205179
Signed
2018-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Cottingim
Formed
1958
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
9

Preparer

Firm
Schmidt & Associates
Address
P O Box 2588, Columbus, OH 43216
Preparer
Melissa Schmidt
Phone
6145291640
Raw XML AppendixShowing 400 of 567 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/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt010063
IRS990/InterestGrp/TotalAmt010063
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt038393
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt038393
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt03243452
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03136452
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt0161
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0408652
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015507
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09507
IRS990/LandBldgEquipCostOrOtherBssAmt0418159
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide lending, savings, and other financial services to qualified members at terms generally favorable in the marketplace with a "service-based emphasis" that recognizes the members status as "owners".
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt01066457
IRS990/NetAssetsOrFundBalancesEOYAmt01087051
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02400
IRS990/OccupancyGrp/ProgramServicesAmt09600
IRS990/OccupancyGrp/TotalAmt012000
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt018031
IRS990/OfficeExpensesGrp/TotalAmt018031
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt079121
IRS990/OtherAssetsTotalGrp/EOYAmt086925
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02655
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015586
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018241
IRS990/OtherExpensesGrp/Desc0Share servicing (ATM, debit, draft)
IRS990/OtherExpensesGrp/Desc1Loan servicing (collections)
IRS990/OtherExpensesGrp/Desc2Regulators
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23684
IRS990/OtherExpensesGrp/ProgramServicesAmt080922
IRS990/OtherExpensesGrp/ProgramServicesAmt14290
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt080922
IRS990/OtherExpensesGrp/TotalAmt14290
IRS990/OtherExpensesGrp/TotalAmt23684
IRS990/OtherLiabilitiesGrp/BOYAmt07177547
IRS990/OtherLiabilitiesGrp/EOYAmt07661404
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016788
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt092511
IRS990/OtherSalariesAndWagesGrp/TotalAmt0109299
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04211138
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04669064
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04886
IRS990/PayrollTaxesGrp/ProgramServicesAmt09836
IRS990/PayrollTaxesGrp/TotalAmt014722
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0182
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02701
IRS990/PensionPlanContributionsGrp/TotalAmt02883
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06788
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021295
IRS990/PrincipalOfficerNm0Cindy Cottingim
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on loans to members
IRS990/ProgramServiceRevenueGrp/Desc1Fees to members
IRS990/ProgramServiceRevenueGrp/Desc2ATM surcharges to nonmembers
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0268785
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1119979
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0268785
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1119979
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25469
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt25469
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt026952
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0168483
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0403875
IRS990/PYRevenuesLessExpensesAmt08578
IRS990/PYSalariesCompEmpBnftPaidAmt0253766
IRS990/PYTotalExpensesAmt0422249
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0430827
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt020594
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01

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