Civic Intelligence

Edison Credit Union Inc

990 • Fiscal year 2012 • EIN 31-0707082

Jan 01, 2012 to Dec 31, 2012 • Filed on May 08, 2013

420 S York Street45505
Siviq Scores

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

Liabilities / Assets

67th percentile

0.88x

Higher debt load relative to assets than 67% of similar nonprofits.

2012 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

92nd percentile

9.7%

Faster asset growth than 92% of similar nonprofits.

2012 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$5,125,676

Up $455,139 (+9.7%) from 2011

Net Assets

Up

$623,549

Up $10,765 (+1.8%) from 2011

Liabilities

Up

$4,502,127

Up $444,374 (+11%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$272,968

Down $3,955 (-1.4%) from 2011

Net Income

-

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.

$6.0M$4.0M$2.0M$0Assets 2010: $4,537,142Liabilities 2010: $3,925,854Net Assets 2010: $611,2882010Assets 2011: $4,670,537Liabilities 2011: $4,057,753Net Assets 2011: $612,7842011Assets 2012: $5,125,676Liabilities 2012: $4,502,127Net Assets 2012: $623,5492012Assets 2013: $4,773,519Liabilities 2013: $4,143,621Net Assets 2013: $629,8982013Assets 2017: $4,026,210Liabilities 2017: $3,518,036Net Assets 2017: $508,1742017Assets 2018: $4,144,781Liabilities 2018: $3,659,496Net Assets 2018: $485,2852018Assets 2019: $3,801,817Liabilities 2019: $3,324,806Net Assets 2019: $477,0112019

Highlighted filing

2012

Assets$5,125,676
Liabilities$4,502,127
Net Assets$623,549

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $291,5012010Expenses 2011: $276,9232011Expenses 2012: $272,9682012Revenue 2013: $300,642Expenses 2013: $294,293Net Income 2013: $6,3492013Revenue 2017: $248,915Expenses 2017: $253,816Net Income 2017: -$4,9012017Revenue 2018: $254,246Expenses 2018: $268,853Net Income 2018: -$14,6072018Revenue 2019: $254,372Expenses 2019: $262,646Net Income 2019: -$8,2742019

Highlighted filing

2012

Revenue-
Expenses$272,968
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 8, 2013
Return Version
2012v2.0
Gross Receipts
$283,733
Mission and Program Overview

Mission

The mission of the credit union is to provide the best financial service including savings and loan services to existing and future members within our field of membership, while maintaining safety, security and financial soundness.

Major Activities

Activity 2
Office Operations costs including supplies, card fee expenses, legal and collection expenses, and data processing expenses to service the credit union's 1,016 members.
Activity 3
Dividends paid to credit union members on 1,173 share accounts, share certificates, and IRA accounts held by 1,016 members.
Filing and Contact Details

Filer

EIN
31-0707082
Raw XML AppendixShowing 400 of 436 raw XML fields

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IRS990ScheduleO/GeneralExplanation/Explanation0Each individual with a savings account with the credit union is a member of the organization. The credit union is comprised of a single class of approximately 1,016 member-owners, each has equal rights in ownership, governance and voting rights at the annual meetings. The board of directors are elected by the member-owners of the credit union.
IRS990ScheduleO/GeneralExplanation/Explanation1The 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. Candidates are elected by a simple plurality vote.
IRS990ScheduleO/GeneralExplanation/Explanation2Changes to the governing documents (Bylaws) are approved by the board of directors and regulatory agencies. Special membership meetings can be called in specific instances.
IRS990ScheduleO/GeneralExplanation/Explanation3Prior to being filed with the IRS, a copy of IRS Form 990 and the related schedules are reviewed by the President and Manager, including a confirmation of the accuracy of every answer and oversight of appropriate changes. Upon completion of the President and Manager's review, the forms are reviewed and voted at the next board meeting.
IRS990ScheduleO/GeneralExplanation/Explanation4The conflict of interest policy is reviewed annually. The board members are required to disclose any potential conflict of interest.
IRS990ScheduleO/GeneralExplanation/Explanation5The credit union's financial statements are posted in the credit union's lobby. They are available online at www.ncua.gov. The credit union's governing documents, conflict of interest policy and financial statements can be reviewed by appointment at the credit union office during posted business hours.
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IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section C, Line 19
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