Civic Intelligence

Riverview Credit Union Inc

990 • Fiscal year 2015 • EIN 31-0741021

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 11, 2016

403 Main StreetBelpre, OH 45714

(740) 423-4260

Siviq Scores

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

Liabilities / Assets

14th percentile

0.82x

Higher debt load relative to assets than 14% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

53rd percentile

19.48x

Higher debt load relative to revenue than 53% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Net Margin

26th percentile

3.5%

Higher net margin than 26% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

76th percentile

$170,513

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Asset Growth

2nd percentile

-5.1%

Faster asset growth than 2% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

1.4%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Down

$50,264,790

Down $2,675,215 (-5.1%) from 2014

Net Assets

Up

$8,854,423

Up $73,982 (+0.8%) from 2014

Liabilities

Down

$41,410,367

Down $2,749,197 (-6.2%) from 2014

Revenue

Up

$2,126,286

Up $30,239 (+1.4%) from 2014

Expenses

Up

$2,052,304

Up $228,506 (+13%) from 2014

Net Income

Down

$73,982

Down $198,267 (-73%) from 2014

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $44,734,564Liabilities 2010: $36,486,014Net Assets 2010: $8,248,5502010Assets 2011: $48,279,359Liabilities 2011: $39,914,088Net Assets 2011: $8,365,2712011Assets 2012: $52,783,066Liabilities 2012: $44,340,204Net Assets 2012: $8,442,8622012Assets 2013: $52,557,880Liabilities 2013: $44,049,688Net Assets 2013: $8,508,1922013Assets 2014: $52,940,005Liabilities 2014: $44,159,564Net Assets 2014: $8,780,4412014Assets 2015: $50,264,790Liabilities 2015: $41,410,367Net Assets 2015: $8,854,4232015Assets 2016: $57,305,323Liabilities 2016: $48,496,370Net Assets 2016: $8,808,9532016Assets 2017: $62,324,586Liabilities 2017: $53,411,613Net Assets 2017: $8,912,9732017

Highlighted filing

2015

Assets$50,264,790
Liabilities$41,410,367
Net Assets$8,854,423

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,304,9092010Expenses 2011: $2,260,9352011Expenses 2012: $2,230,6472012Revenue 2013: $2,108,478Expenses 2013: $2,043,148Net Income 2013: $65,3302013Revenue 2014: $2,096,047Expenses 2014: $1,823,798Net Income 2014: $272,2492014Revenue 2015: $2,126,286Expenses 2015: $2,052,304Net Income 2015: $73,9822015Revenue 2016: $2,221,488Expenses 2016: $2,266,958Net Income 2016: -$45,4702016Revenue 2017: $2,691,291Expenses 2017: $2,587,271Net Income 2017: $104,0202017

Highlighted filing

2015

Revenue$2,126,286
Expenses$2,052,304
Net Income$73,982
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$2,126,286
Mission and Program Overview

Mission

Riverview credit union, inc. Is a financially sound member owned financial institution designed to deliver high quality personal service to meet the ongoing financial needs of its member owners.

Riverview credit union, inc. Is a financial institution cooperative credit union organized to provide loan and deposit products and services for its member owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$34,431,004$28,441,342▼ $5,989,662
Other Notes and Loans Receivable, Net$13,542,269$17,001,329▲ $3,459,060
Rtn Earn Endowment Incm Other Fnds$8,780,441$8,854,423▲ $73,982
Savings and Temporary Cash Investments$2,195,007$1,902,401▼ $292,606
Land, Buildings, and Equipment, Net$1,200,789$1,180,861▼ $19,928
Cash and Non-Interest-Bearing Accounts$951,619$1,170,243▲ $218,624
Prepaid Expenses and Deferred Charges$59,032$43,831▼ $15,201
Accounts Receivable$7,596$44▼ $7,552
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$52,940,005$50,264,790▼ $2,675,215
Other Assets Total$552,689$524,739▼ $27,950
Liabilities
Other Liabilities$43,672,976$40,814,204▼ $2,858,772
Accounts Payable and Accrued Expenses$486,588$596,163▲ $109,575
Total Liabilities$44,159,564$41,410,367▼ $2,749,197
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,780,441$8,854,423▲ $73,982
Total Liabilities and Net Assets / Fund Balance$52,940,005$50,264,790▼ $2,675,215

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$782,246$615,108$1,397,354
Equipment$71,952$593,269$665,221
Land$326,663-$326,663
Investment Program Related Org$358,423--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael IaderosaChief Executive OfficerFT$88,513$82,000$170,513
Douglas AnkromChief Financial OfficerFT$73,696$33,333$107,029

Board Members and Trustees

NameTitle
Mark MinerdChairman of Board
John MatthewsVice Chairman of Board
Cecil BrownDirector
John BartenschlagDirector
Keith HoyDirector
W Layne MarksSecretary
Steve TompkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,692,764
Investment Income
$433,522
Other Revenue
$0
Change in Net Assets
$73,982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,088,389
Salaries, Compensation, and Employee Benefits$963,915
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$286,524$231,896-$518,420
Other Employee Benefits$157,757$58,322-$216,079
Information Technology$203,931--$203,931
Current Officers, Directors, Trustees, and Key Employees-$162,209-$162,209
Interest$105,898--$105,898
Depreciation Depletion$73,794$5,557-$79,351
Occupancy$55,206$6,134-$61,340
Office Expenses$59,129--$59,129
Payroll Taxes$41,451$15,327-$56,778
Advertising$49,174--$49,174
Other Expenses$39,143--$39,143
Insurance$26,859--$26,859
Fees for Services Accounting-$24,062-$24,062
Fees for Services Management-$17,198-$17,198
Conferences and Meetings$10,567$5,329-$15,896
Pension Plan Contributions$8,411$2,018-$10,429
All Other Expenses$8,674--$8,674
Total Functional Expenses$1,524,252$528,052$0$2,052,304
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
Members Money Market Savings$14,715,348
Members Share Savings$13,535,074
Member Share Certificates$6,022,460
Member Draft Checking$4,982,916
Members Ira Certificates$1,262,894
Member Ira Savings$295,512
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
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 11

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
Riverview Credit Union Inc
EIN
31-0741021
Phone
7404234260
Address
403 MAIN STREET, BELPRE, OH 45714

Signing Officer

Name
Douglas Ankrom
Title
Chief Financial Officer
Phone
7404234260
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Ankrom
Formed
1968
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
26
Volunteers
7

Preparer

Firm
Bober Markey Fedorovich & Company
Address
3421 RIDGEWOOD ROAD SUITE 300, AKRON, OH 44333
Preparer
James Bowen
Phone
3307629785
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IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc1FEES TO MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc2ATM SURCHARGES NONMEMB
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0847073
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1839601
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0847073
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1839601
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26090
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt06090
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0449344
IRS990/PYOtherExpensesAmt01110484
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01646703
IRS990/PYRevenuesLessExpensesAmt0272249
IRS990/PYSalariesCompEmpBnftPaidAmt0713314
IRS990/PYTotalExpensesAmt01823798
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02096047
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt073982
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt02120196
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08780441
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08854423
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02195007
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01902401
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0782246
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0615108
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01397354
IRS990ScheduleD/EquipmentGrp/BookValueAmt071952
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0593269
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0665221
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt018995000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt13083537
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt25905084
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt399298
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4358423
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INSURED CERTIFICATES OF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CREDIT UNION OWNED LIFE INSURANCE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2MORTGAGE BACKED SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3STOCK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4OWNERSHIP CAPITAL IN CORPORATE CREDIT UNION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/LandGrp/BookValueAmt0326663
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0326663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013535074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14982916
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2295512
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt314715348
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41262894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt56022460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARE SAVINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEMBER DRAFT CHECKING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MEMBER IRA SAVINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MEMBERS MONEY MARKET SAVINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4MEMBERS IRA CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5MEMBER SHARE CERTIFICATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01180861
IRS990ScheduleD/TotalBookValueProgramRltdAmt028441342
IRS990ScheduleD/TotalLiabilityAmt040814204
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt088513
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt082000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL IADEROSA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0170513
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt039723
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt12332
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt211389
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt354744
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt45074
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt514793
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3HELOC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt045145
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt15800
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt215000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt356857
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt420000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt527558
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DOUGLAS ANKROM
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1CECIL BROWN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2KEITH HOY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3MICHAEL IADEROSA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4W LAYNE MARKS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5MARK MINERD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4DIRECTOR

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