Civic Intelligence

Whitehall Credit Union

990 • Fiscal year 2017 • EIN 31-0628671

Jan 01, 2017 to Dec 31, 2017 • Filed on May 04, 2018

5025 East Main StreetColumbus, OH 43213

(614) 866-5025

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.89x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

24.63x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Net Margin

21st percentile

0.4%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

99th percentile

$158,248

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 23.9% of source-year revenue.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Asset Growth

53rd percentile

1.5%

Faster asset growth than 53% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

4.3%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$18,294,357

Up $277,750 (+1.5%) from 2016

Net Assets

Up

$1,965,570

Up $2,671 (+0.1%) from 2016

Liabilities

Up

$16,328,787

Up $275,079 (+1.7%) from 2016

Revenue

Up

$662,990

Up $27,576 (+4.3%) from 2016

Expenses

Down

$660,319

Down $13,324 (-2.0%) from 2016

Net Income

Up

$2,671

Up $40,900 (+107%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $17,080,982Liabilities 2010: $14,763,718Net Assets 2010: $2,317,2642010Assets 2011: $17,264,388Liabilities 2011: $14,990,347Net Assets 2011: $2,274,0412011Assets 2012: $17,663,470Liabilities 2012: $15,391,266Net Assets 2012: $2,272,2042012Assets 2013: $17,642,132Liabilities 2013: $15,419,622Net Assets 2013: $2,222,5102013Assets 2014: $17,958,163Liabilities 2014: $15,895,703Net Assets 2014: $2,062,4602014Assets 2015: $18,082,494Liabilities 2015: $16,081,366Net Assets 2015: $2,001,1282015Assets 2016: $18,016,607Liabilities 2016: $16,053,708Net Assets 2016: $1,962,8992016Assets 2017: $18,294,357Liabilities 2017: $16,328,787Net Assets 2017: $1,965,5702017Assets 2018: $18,683,515Liabilities 2018: $16,688,606Net Assets 2018: $1,994,9092018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2017

Assets$18,294,357
Liabilities$16,328,787
Net Assets$1,965,570

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $879,2522010Expenses 2011: $777,7602011Expenses 2012: $707,6032012Revenue 2013: $666,607Expenses 2013: $716,301Net Income 2013: -$49,6942013Revenue 2014: $655,473Expenses 2014: $815,523Net Income 2014: -$160,0502014Revenue 2015: $651,895Expenses 2015: $713,227Net Income 2015: -$61,3322015Revenue 2016: $635,414Expenses 2016: $673,643Net Income 2016: -$38,2292016Revenue 2017: $662,990Expenses 2017: $660,319Net Income 2017: $2,6712017Revenue 2018: $699,901Expenses 2018: $670,562Net Income 2018: $29,3392018Revenue 2019: $521,196Expenses 2019: $802,211Net Income 2019: -$281,0152019

Highlighted filing

2017

Revenue$662,990
Expenses$660,319
Net Income$2,671
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 4, 2018
Return Version
2017v2.0
Gross Receipts
$670,244
Mission and Program Overview

Mission

As a member owned cooperative, we will be responsive to the financial needs of our members, we will offer fiscally sound, high quality, consumer related financial products and services in an honest and friendly manner, providing our members the opportunity to lead secure lifestyles.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$8,829,631$8,976,631▲ $147,000
Other Notes and Loans Receivable, Net$7,905,180$7,763,214▼ $141,966
Rtn Earn Endowment Incm Other Fnds$1,962,899$1,965,570▲ $2,671
Land, Buildings, and Equipment, Net$533,981$516,768▼ $17,213
Savings and Temporary Cash Investments$255,322$433,130▲ $177,808
Cash and Non-Interest-Bearing Accounts$118,222$219,765▲ $101,543
Prepaid Expenses and Deferred Charges$80,171$88,373▲ $8,202
Accounts Receivable$4,295$449▼ $3,846
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$18,016,607$18,294,357▲ $277,750
Other Assets Total$289,805$296,027▲ $6,222
Liabilities
Other Liabilities$15,889,370$16,207,590▲ $318,220
Accounts Payable and Accrued Expenses$104,113$121,197▲ $17,084
Mortgage Notes Payable Secured by Investment Property$60,225$0▼ $60,225
Grants Payable$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$16,053,708$16,328,787▲ $275,079
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,962,899$1,965,570▲ $2,671
Total Liabilities and Net Assets / Fund Balance$18,016,607$18,294,357▲ $277,750

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$266,682$255,562$522,244
Equipment$17,718$351,498$369,216
Land$232,368-$232,368
Investment Program Related Org$156,631--
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey GardnerChief Executive OfficerFT$121,623$36,625$158,248

Board Members and Trustees

NameTitle
Bob EakinChairman of the Board
Don LutzVice Chairman of Board
Doris CoyDirector
Jim PaceDirector
Tracy SharplessDirector
Bryan WeisbarthSecretary of Board
Gary KubatTreasurer of Board
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$533,966
Investment Income
$127,658
Other Revenue
$1,366
Change in Net Assets
$2,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$365,110
Salaries, Compensation, and Employee Benefits$295,209
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$3,041$118,582$0$121,623
Other Salaries and Wages$95,826$0$0$95,826
Other Employee Benefits$27,327$24,116$0$51,443
Information Technology$33,435$0$0$33,435
Occupancy$27,767$3,680$0$31,447
Office Expenses$24,214$0$0$24,214
Interest$23,904$0$0$23,904
Fees for Services Other$0$22,487$0$22,487
Depreciation Depletion$19,335$1,305$0$20,640
Payroll Taxes$8,668$8,951$0$17,619
Insurance$13,357$4,173$0$17,530
Fees for Services Accounting$0$9,350$0$9,350
Advertising$9,307$0$0$9,307
Fees for Services Management$0$9,027$0$9,027
Pension Plan Contributions$3,917$4,781$0$8,698
All Other Expenses$7,010$0$0$7,010
Other Expenses$0$5,308$0$5,308
Conferences and Meetings$1,923$1,376$0$3,299
Fees for Services Legal$20$0$0$20
Total Functional Expenses$447,183$213,136$0$660,319
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$10,365,810
Members draft checking$3,641,164
Members share certificates$1,492,083
Members IRA certificates$516,660
Members IRA savings$191,873
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 the 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
Whitehall Credit Union
EIN
31-0628671
Phone
6148665025
Address
5025 East Main Street, Columbus, OH 43213

Signing Officer

Name
Jeffrey Gardner
Title
Chief Executive Officer
Phone
6148665025
Signed
2018-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Gardner
Formed
1978
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
7

Preparer

Firm
Schmidt & Associates
Address
P O Box 2588, Columbus, OH 43216
Preparer
Melissa Schmidt
Phone
6145291640
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IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt08829631
IRS990/InvestmentsProgramRelatedGrp/EOYAmt08976631
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt0271
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0607060
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0533981
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0516768
IRS990/LandBldgEquipCostOrOtherBssAmt01123828
IRS990/LegalDomicileStateCd0OH
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt07254
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0As a member owned cooperative, we will be responsive to the financial needs of our members, we will offer fiscally sound, high quality, consumer related financial products and services in an honest and friendly manner, providing our members the opportunity to lead secure lifestyles.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt060225
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt01962899
IRS990/NetAssetsOrFundBalancesEOYAmt01965570
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01366
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01366
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03680
IRS990/OccupancyGrp/ProgramServicesAmt027767
IRS990/OccupancyGrp/TotalAmt031447
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt024214
IRS990/OfficeExpensesGrp/TotalAmt024214
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0289805
IRS990/OtherAssetsTotalGrp/EOYAmt0296027
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024116
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt027327
IRS990/OtherEmployeeBenefitsGrp/TotalAmt051443
IRS990/OtherExpensesGrp/Desc0Loan servicing (credit card, collection)
IRS990/OtherExpensesGrp/Desc1Share servicing (ATM, debit, draft)
IRS990/OtherExpensesGrp/Desc2Regulators
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25308
IRS990/OtherExpensesGrp/ProgramServicesAmt049896
IRS990/OtherExpensesGrp/ProgramServicesAmt198236
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt049896
IRS990/OtherExpensesGrp/TotalAmt198236
IRS990/OtherExpensesGrp/TotalAmt25308
IRS990/OtherLiabilitiesGrp/BOYAmt015889370
IRS990/OtherLiabilitiesGrp/EOYAmt016207590
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt095826
IRS990/OtherSalariesAndWagesGrp/TotalAmt095826
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07905180
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07763214
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08951
IRS990/PayrollTaxesGrp/ProgramServicesAmt08668
IRS990/PayrollTaxesGrp/TotalAmt017619
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04781
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03917
IRS990/PensionPlanContributionsGrp/TotalAmt08698
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt080171
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt088373
IRS990/PrincipalOfficerNm0Jeffrey Gardner
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/RelatedOrExemptFuncIncomeAmt0394105
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1137082
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0394105
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1137082
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22779
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt22779
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0122189
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0387432
IRS990/PYOtherRevenueAmt01308
IRS990/PYProgramServiceRevenueAmt0511917
IRS990/PYRevenuesLessExpensesAmt0-38229
IRS990/PYSalariesCompEmpBnftPaidAmt0286211
IRS990/PYTotalExpensesAmt0673643
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0635414
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02671
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt01366
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0658845
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00

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