Civic Intelligence

944 Marion Community Credit Union Inc

990 • Fiscal year 2013 • EIN 31-0646159

Jan 01, 2013 to Dec 31, 2013 • Filed on Mar 31, 2014

Organization Profilemarioncu.com

View Organization Page

300 Barks Road East43302

(740) 389-9960

Siviq Scores

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

Liabilities / Assets

68th percentile

0.91x

Higher debt load relative to assets than 68% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

60th percentile

19.32x

Higher debt load relative to revenue than 60% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

24th percentile

2.7%

Higher net margin than 24% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

34th percentile

$115,190

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

10th percentile

-3.3%

Faster asset growth than 10% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M 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

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$56,781,103

Down $1,908,059 (-3.3%) from 2012

Net Assets

Down

$5,310,874

Down $763,975 (-13%) from 2012

Liabilities

Down

$51,470,229

Down $1,144,084 (-2.2%) from 2012

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin24th percentile

Revenue

$2,664,013

No earlier filing loaded for comparison.

Expenses

Down

$2,590,874

Down $172,738 (-6.3%) from 2012

Net Income

$73,139

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$150M$100M$50M$0Assets 2010: $55,007,794Liabilities 2010: $49,668,552Net Assets 2010: $5,339,2422010Assets 2011: $58,911,631Liabilities 2011: $53,200,251Net Assets 2011: $5,711,3802011Assets 2012: $58,689,162Liabilities 2012: $52,614,313Net Assets 2012: $6,074,8492012Assets 2013: $56,781,103Liabilities 2013: $51,470,229Net Assets 2013: $5,310,8742013Assets 2014: $57,582,584Liabilities 2014: $51,846,260Net Assets 2014: $5,736,3242014Assets 2015: $60,644,832Liabilities 2015: $54,382,815Net Assets 2015: $6,262,0172015Assets 2016: $64,136,522Liabilities 2016: $57,688,908Net Assets 2016: $6,447,6142016Assets 2017: $64,608,500Liabilities 2017: $58,068,748Net Assets 2017: $6,539,7522017Assets 2018: $68,739,203Liabilities 2018: $61,815,002Net Assets 2018: $6,924,2012018Assets 2019: $77,100,690Liabilities 2019: $68,952,544Net Assets 2019: $8,148,1462019Assets 2020: $83,887,356Liabilities 2020: $75,342,320Net Assets 2020: $8,545,0362020Assets 2021: $90,425,151Liabilities 2021: $80,997,349Net Assets 2021: $9,427,8022021Assets 2022: $96,818,260Liabilities 2022: $88,451,580Net Assets 2022: $8,366,6802022Assets 2023: $106,970,836Liabilities 2023: $97,628,856Net Assets 2023: $9,341,9802023Assets 2024: $113,026,918Liabilities 2024: $102,885,900Net Assets 2024: $10,141,0182024

Highlighted filing

2013

Assets$56,781,103
Liabilities$51,470,229
Net Assets$5,310,874
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $3,300,1172010Expenses 2011: $3,114,6202011Expenses 2012: $2,763,6122012Revenue 2013: $2,664,013Expenses 2013: $2,590,874Net Income 2013: $73,1392013Revenue 2014: $2,358,765Expenses 2014: $2,242,413Net Income 2014: $116,3522014Revenue 2015: $2,812,668Expenses 2015: $2,398,283Net Income 2015: $414,3852015Revenue 2016: $2,561,670Expenses 2016: $2,463,237Net Income 2016: $98,4332016Revenue 2017: $2,822,876Expenses 2017: $2,627,520Net Income 2017: $195,3562017Revenue 2018: $3,394,737Expenses 2018: $2,738,331Net Income 2018: $656,4062018Revenue 2019: $4,221,899Expenses 2019: $3,523,189Net Income 2019: $698,7102019Revenue 2020: $3,736,517Expenses 2020: $3,169,038Net Income 2020: $567,4792020Revenue 2021: $3,686,791Expenses 2021: $2,781,100Net Income 2021: $905,6912021Revenue 2022: $4,184,927Expenses 2022: $3,094,299Net Income 2022: $1,090,6282022Revenue 2023: $5,530,548Expenses 2023: $4,823,957Net Income 2023: $706,5912023Revenue 2024: $6,682,029Expenses 2024: $5,945,590Net Income 2024: $736,4392024

Highlighted filing

2013

Revenue$2,664,013
Expenses$2,590,874
Net Income$73,139
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Mar 31, 2014
Return Version
2013v3.0
Gross Receipts
$2,664,013
Mission and Program Overview

Mission

To provide lending, savings, education, and other financial services to qualified members at terms generally better than available in the market place and with a service based emphasis that recognizes the members status as owners.

The credit union provides financial services and education to qualified members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$28,433,555$29,519,841▲ $1,086,286
Investments Program Related$23,992,879$21,612,716▼ $2,380,163
Rtn Earn Endowment Incm Other Fnds$6,074,849$5,310,874▼ $763,975
Savings and Temporary Cash Investments$2,816,438$1,981,343▼ $835,095
Land, Buildings, and Equipment, Net$1,797,241$1,746,845▼ $50,396
Cash and Non-Interest-Bearing Accounts$633,210$1,010,904▲ $377,694
Prepaid Expenses and Deferred Charges$234,252$226,937▼ $7,315
Accounts Receivable$407$8,019▲ $7,612
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$58,689,162$56,781,103▼ $1,908,059
Other Assets Total$781,180$674,498▼ $106,682
Liabilities
Other Liabilities$52,420,111$51,231,614▼ $1,188,497
Accounts Payable and Accrued Expenses$194,202$238,615▲ $44,413
Total Liabilities$52,614,313$51,470,229▼ $1,144,084
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,074,849$5,310,874▼ $763,975
Total Liabilities and Net Assets / Fund Balance$58,689,162$56,781,103▼ $1,908,059

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,196,802$560,705$1,757,507
Equipment$201,302$1,180,916$1,382,218
Land$327,538-$327,538
Leasehold Improvements$0$35,614$35,614
Other Land Buildings$21,203$0$21,203
Investment Program Related Org$2,758,707--
Other Assets Org$45,559--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vidya IyengarCEOFT$102,000$13,190$115,190

Board Members and Trustees

NameTitle
Thomas M VeithDirector - Chairman
Adam WillauerDirector - Vicechair
Dan McgradyDirector
Richard MaultDirector
Ryan W CookDirector
Daniel R DreherDirector - Treasurer
Robert E ColumberDirector -secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Elan FinancilCard Processor-$145,889
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,204,688
Investment Income
$459,325
Other Revenue
$0
Change in Net Assets
$73,139

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,664,013
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,664,013
Total Revenue per Form 990
$2,664,013
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,306,067
Salaries, Compensation, and Employee Benefits$919,705
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$594,654
Benefits to Members---$365,102
Occupancy---$202,636
Depreciation Depletion---$143,660
Other Employee Benefits---$134,428
Current Officers, Directors, Trustees, and Key Employees---$102,000
Office Expenses---$73,792
Advertising---$73,406
Other Expenses---$64,909
Information Technology---$63,426
Payroll Taxes---$55,167
Pension Plan Contributions---$33,456
Insurance---$25,703
Fees for Services Accounting---$18,375
Conferences and Meetings---$11,301
Fees for Services Legal---$2,792
Travel---$2,400
Total Functional Expenses$0$0$0$2,590,874

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,590,874
Total Expenses per Audited Statements$2,590,874
Total Expenses per Form 990$2,590,874
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
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 Share Accounts$51,231,614
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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

“The credit union is comprised of a single class of approximately 6,000 voting member-owners, each of which has equal rights in ownership, governance and voting rights at the annual meeting.”

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

“The Member owners of the credit union have the authority to elect the members of the board of directors for three year terms on a rotating basis.”

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

“Changes to the governing documents (by laws) must be approved by the member owners after they have been approved by the board of directors and the regulatory agency. Approval occurs when at least 51 percent of the members vote to approve.”

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

“Prior to being filed with the IRS, a copy of the IRS form 990 and related schedules are reviewed by the CEO. Upon completion of the CEO's review, the forms are reviewed and voted on at a board meeting prior to submittal to the IRS.”

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

“Board members and officials annually complete a survey related to loans, business relationships, and family members that could, or do create a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The process used to set the CEO's salary is based on a combination of comparison to comparable sized credit unions through the use of CUE's annual compensation survey and attainment in the current year of predefined performance objectives set for the CEO personally and the credit union. The process is performed by a subcommittee of the Board and presented to the full Board for approval.”

Form 990, Part VI, Section C, Line 19

“The credit union's By Laws, Conflict of Interest Policy and inancial statements are available for review to the public by appointment at the credit union's office.”

Filing and Contact Details

Filer

EIN
31-0646159
Phone
7403899960

Signing Officer

Name
William Clark
Title
Operations Manager
Phone
7403899960
Signed
2014-03-31

Organization Details

Principal Officer
Vidya Iyengar
Formed
1960
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
28
Volunteers
7
Raw XML AppendixShowing 400 of 452 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/OtherExpensesGrp/TotalAmt240937
IRS990/OtherExpensesGrp/TotalAmt364909
IRS990/OtherLiabilitiesGrp/BOYAmt052420111
IRS990/OtherLiabilitiesGrp/EOYAmt051231614
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0594654
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt028433555
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt029519841
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt055167
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt033456
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0234252
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0226937
IRS990/PrincipalOfficerNm0VIDYA IYENGAR
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01458801
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1703834
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt242053
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01458801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1703834
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt242053
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0DIRECT LABOR AND EMPLOYEE COSTS INCURRD PROVIDING SAVING DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0919704
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMEBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NEWTWORKS AND IN PERSON AT THE CREDIT UNION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01306067
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0500640
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0485847
IRS990/PYOtherExpensesAmt01332111
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02443731
IRS990/PYRevenuesLessExpensesAmt0165966
IRS990/PYSalariesCompEmpBnftPaidAmt0930861
IRS990/PYTotalExpensesAmt02763612
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02929578
IRS990/ReconcilationRevenueExpnssAmt073139
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06074849
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05310874
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02816438
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01981343
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01196802
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0560705
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01757507
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0201302
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01180916
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01382218
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02590874
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt018298458
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1460451
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt295100
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt32758707
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CDs & AGENCIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CORPORATE ONE FCU CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2FHLB CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3LIFE INSUR INVEST - DEF COMP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3F
IRS990ScheduleD/LandGrp/BookValueAmt0327538
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0327538
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt035614
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt035614
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0117232
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1511707
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt245559
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Accrued Interest
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NCUA Capital
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OREO
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt021203
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt051231614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE ACCOUNTS
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02664013
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01746845
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0674498
IRS990ScheduleD/TotalBookValueProgramRltdAmt021612716
IRS990ScheduleD/TotalExpensesPerForm990Amt02590874
IRS990ScheduleD/TotalLiabilityAmt051231614
IRS990ScheduleD/TotalRevenuePerForm990Amt02664013
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02664013
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02590874
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The credit union is comprised of a single class of approximately 6,000 voting member-owners, each of which has equal rights in ownership, governance and voting rights at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Member owners of the credit union have the authority to elect the members of the board of directors for three year terms on a rotating basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Changes to the governing documents (by laws) must be approved by the member owners after they have been approved by the board of directors and the regulatory agency. Approval occurs when at least 51 percent of the members vote to approve.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Prior to being filed with the IRS, a copy of the IRS form 990 and related schedules are reviewed by the CEO. Upon completion of the CEO's review, the forms are reviewed and voted on at a board meeting prior to submittal to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board members and officials annually complete a survey related to loans, business relationships, and family members that could, or do create a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The process used to set the CEO's salary is based on a combination of comparison to comparable sized credit unions through the use of CUE's annual compensation survey and attainment in the current year of predefined performance objectives set for the CEO personally and the credit union. The process is performed by a subcommittee of the Board and presented to the full Board for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The credit union's By Laws, Conflict of Interest Policy and inancial statements are available for review to the public by appointment at the credit union's office.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt058689162
IRS990/TotalAssetsEOYAmt056781103
IRS990/TotalAssetsGrp/BOYAmt058689162
IRS990/TotalAssetsGrp/EOYAmt056781103
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02590874
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt052614313
IRS990/TotalLiabilitiesEOYAmt051470229

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,781,103
Liabilities
$51,470,229
Net assets
$5,310,874
Revenue
$2,664,013
Expenses
$2,590,874
Net income
$73,139
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$103$10.1$6.68$5.95$0.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$107$97.6$9.34$5.53$4.82$0.71
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$96.8$88.5$8.37$4.18$3.09$1.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.4$81.0$9.43$3.69$2.78$0.91
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.9$75.3$8.55$3.74$3.17$0.57
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.1$69.0$8.15$4.22$3.52$0.70
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.7$61.8$6.92$3.39$2.74$0.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.6$58.1$6.54$2.82$2.63$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.1$57.7$6.45$2.56$2.46$0.10
2015Detailed filing. Detailed filing data is available for this year.$60.6$54.4$6.26$2.81$2.40$0.41
2014Detailed filing. Detailed filing data is available for this year.$57.6$51.8$5.74$2.36$2.24$0.12
2013Detailed filing. Detailed filing data is available for this year.$56.8$51.5$5.31$2.66$2.59$0.07
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.7$52.6$6.07$2.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.9$53.2$5.71$3.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.0$49.7$5.34$3.30