Civic Intelligence

Canton Police and Fireman'S C U Inc

EIN 34-0717072 • 501(c)14 • Canton, OH

Profile

Canton police and fireman's credit union is a member owned, not for profit, not for charity, but for services, financial cooperative. The company is dedicated to responding to our members' financial needs by providing a variety of low cost financial services and to serve, educate and encourage thrift among our members while safeguarding their assets and enhancing their quality of life one person at a time.

530 Mckinley Avenue NWCanton, OH 44702

www.cpfcu.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.91x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

60th percentile

16.57x

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

501(c)14 • $5M-$10M nonprofits • Source year 2015

Net Margin

18th percentile

-16%

Higher net margin than 18% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)14 • $5M-$10M nonprofits • Source year 2015

Asset Growth

59th percentile

0.4%

Faster asset growth than 59% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

29th percentile

-2.1%

Faster revenue growth than 29% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$7,973,122

Up $33,381 (+0.4%) from 2014

Liabilities

Up

$7,294,398

Up $107,067 (+1.5%) from 2014

Net Assets

Down

$678,724

Down $73,686 (-9.8%) from 2014

Revenue

Down

$440,240

Down $9,286 (-2.1%) from 2014

Expenses

Up

$511,484

Up $27,168 (+5.6%) from 2014

Net Income

Down

-$71,244

Down $36,454 (-105%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $7,119,625Liabilities 2011: $6,491,645Net Assets 2011: $627,9802011Assets 2012: $7,236,268Liabilities 2012: $6,516,648Net Assets 2012: $719,6202012Assets 2013: $7,626,592Liabilities 2013: $6,839,392Net Assets 2013: $787,2002013Assets 2014: $7,939,741Liabilities 2014: $7,187,331Net Assets 2014: $752,4102014Assets 2015: $7,973,122Liabilities 2015: $7,294,398Net Assets 2015: $678,7242015

Highlighted filing

2015

Assets$7,973,122
Liabilities$7,294,398
Net Assets$678,724

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $438,3702011Expenses 2012: $408,0712012Revenue 2013: $481,608Expenses 2013: $414,028Net Income 2013: $67,5802013Revenue 2014: $449,526Expenses 2014: $484,316Net Income 2014: -$34,7902014Revenue 2015: $440,240Expenses 2015: $511,484Net Income 2015: -$71,2442015

Highlighted filing

2015

Revenue$440,240
Expenses$511,484
Net Income-$71,244

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 10, 2016
Return Version
2015v2.1
Gross Receipts
$440,240
Mission and Program Overview

Mission

Canton police and fireman's credit union is a member owned, not for profit, not for charity, but for services, financial cooperative. The company is dedicated to responding to our members' financial needs by providing a variety of low cost financial services and to serve, educate and encourage thrift among our members while safeguarding their assets and enhancing their quality of life one person at a time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,517,938$4,829,097▲ $311,159
Rtn Earn Endowment Incm Other Fnds$752,410$678,724▼ $73,686
Land, Buildings, and Equipment, Net$567,327$554,875▼ $12,452
Prepaid Expenses and Deferred Charges$94,490$90,120▼ $4,370
Cash and Non-Interest-Bearing Accounts$67,291--
Total Assets$7,939,741$7,973,122▲ $33,381
Other Assets Total$2,692,695$2,499,030▼ $193,665
Liabilities
Other Liabilities$5,898,594$6,374,464▲ $475,870
Escrow Account Liability$1,267,252$903,092▼ $364,160
Accounts Payable and Accrued Expenses$21,485$16,842▼ $4,643
Total Liabilities$7,187,331$7,294,398▲ $107,067
Net Assets / Fund Balance
Total Net Assets Fund Balance$752,410$678,724▼ $73,686
Total Liabilities and Net Assets / Fund Balance$7,939,741$7,973,122▲ $33,381

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$354,875$143,196$498,071
Land$200,000-$200,000
Other Land Buildings-$172,752$172,752
Other Assets Org$93,222--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles SalerPresident
Ernest SkillernDirector
Gerald ZacharyDirector
William WelchDirector
Nancy RoudebushSecretary
Nanette DelongTreasurer
Paul BattistaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$385,310
Investment Income
$50,747
Other Revenue
$4,183
Change in Net Assets
$-71,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$271,933
Salaries, Compensation, and Employee Benefits$232,603
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$179,763
Fees for Services Other---$54,422
All Other Expenses---$41,214
Office Expenses---$30,361
Other Employee Benefits---$25,783
Pension Plan Contributions---$17,501
Other Expenses---$13,502
Advertising---$13,461
Depreciation Depletion---$12,452
Fees for Services Accounting---$10,479
Insurance---$9,792
Payroll Taxes---$9,556
Benefits to Members---$6,948
Fees for Services Legal---$2,013
Interest---$25
Conferences and Meetings---$23
Total Functional Expenses$0$0$0$511,484
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
Regular Shares$4,873,923
Share Drafts$1,395,752
O/d Cash$83,527
Christmas Club$21,262
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Individuals qualify for membership if they meet one of the following: all police departments, all fire departments, all auxiliary police, canton crossing guards, buckeye protective services, inc., blue knights international law enforcement motorcycle club inc. Of ohio, all ambulance companies, red cross, w & s packaging, llc, family members including domestic partners, all individuals employed by law enforcement, all emergency services, all public and private safety forces, all criminal justice personnel - comprised of deputy clerk of courts, attorneys licensed to practice law, record room personnel and court bailiffs

Form 990, Page 6, Part VI, Line 7A

The organizations have members that elect the board of directors by mail or at the annual meeting

Form 990, Page 6, Part VI, Line 11B

The form is reviewed by the general manager prior to filing

Form 990, Page 6, Part VI, Line 15A

The board reviews the performance of employees and the general manager,i.e. Key employee, on an annual basis using various data available to them. Any discussions, in terms of wages, and benefits is done during closed executive sessions.

Form 990, Page 6, Part VI, Line 15B

SAME AS ABOVE

Form 990, Page 6, Part VI, Line 19

Financial statements are distributed at the annual meeting and are available upon request at the office

Filing and Contact Details

Filer

Filer Name
CANTON POLICE AND FIREMAN'S C U INC
EIN
34-0717072
Phone
3304532467
Address
530 MCKINLEY AVENUE NW, CANTON, OH 44702

Signing Officer

Name
Becky Geissinger
Title
CEO/manager
Phone
3304532467
Signed
2016-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Becky Geissinger
Formed
1941
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
7

Preparer

Firm
Weston & Company Cpas LLC
Address
371 COUNTY LINE RD W STE 100B, WESTERVILLE, OH 43082
Preparer
Andrew Mathias CPA
Phone
6148906620
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Canton police and fireman's credit union is a member owned, not for profit, not for charity, but for services, financial cooperative. The company is dedicated to responding to our members' financial needs by providing a variety of low cost financial services and to serve, educate and encourage thrift among our members while safeguarding their assets and enhancing their quality of life one person at a time.

Form 990, Part IX, Line 11G

Data processing 37,540 0 0 other misc professional svcs 10,556 0 0 it services 6,326 0 0

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

SHARE CERTIFICATES

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CHRISTMAS CLUB
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SHARE CERTIFICATES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0554875
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02499030
IRS990ScheduleD/TotalLiabilityAmt06374464
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CANTON POLICE AND FIREMAN'S CREDIT UNION IS A MEMBER OWNED, NOT FOR PROFIT, NOT FOR CHARITY, BUT FOR SERVICES, FINANCIAL COOPERATIVE. THE COMPANY IS DEDICATED TO RESPONDING TO OUR MEMBERS' FINANCIAL NEEDS BY PROVIDING A VARIETY OF LOW COST FINANCIAL SERVICES AND TO SERVE, EDUCATE AND ENCOURAGE THRIFT AMONG OUR MEMBERS WHILE SAFEGUARDING THEIR ASSETS AND ENHANCING THEIR QUALITY OF LIFE ONE PERSON AT A TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INDIVIDUALS QUALIFY FOR MEMBERSHIP IF THEY MEET ONE OF THE FOLLOWING: ALL POLICE DEPARTMENTS, ALL FIRE DEPARTMENTS, ALL AUXILIARY POLICE, CANTON CROSSING GUARDS, BUCKEYE PROTECTIVE SERVICES, INC., BLUE KNIGHTS INTERNATIONAL LAW ENFORCEMENT MOTORCYCLE CLUB INC. OF OHIO, ALL AMBULANCE COMPANIES, RED CROSS, W & S PACKAGING, LLC, FAMILY MEMBERS INCLUDING DOMESTIC PARTNERS, ALL INDIVIDUALS EMPLOYED BY LAW ENFORCEMENT, ALL EMERGENCY SERVICES, ALL PUBLIC AND PRIVATE SAFETY FORCES, ALL CRIMINAL JUSTICE PERSONNEL - COMPRISED OF DEPUTY CLERK OF COURTS, ATTORNEYS LICENSED TO PRACTICE LAW, RECORD ROOM PERSONNEL AND COURT BAILIFFS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS HAVE MEMBERS THAT ELECT THE BOARD OF DIRECTORS BY MAIL OR AT THE ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM IS REVIEWED BY THE GENERAL MANAGER PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS THE PERFORMANCE OF EMPLOYEES AND THE GENERAL MANAGER,I.E. KEY EMPLOYEE, ON AN ANNUAL BASIS USING VARIOUS DATA AVAILABLE TO THEM. ANY DISCUSSIONS, IN TERMS OF WAGES, AND BENEFITS IS DONE DURING CLOSED EXECUTIVE SESSIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SAME AS ABOVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE DISTRIBUTED AT THE ANNUAL MEETING AND ARE AVAILABLE UPON REQUEST AT THE OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DATA PROCESSING 37,540 0 0 OTHER MISC PROFESSIONAL SVCS 10,556 0 0 IT SERVICES 6,326 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07939741
IRS990/TotalAssetsEOYAmt07973122
IRS990/TotalAssetsGrp/BOYAmt07939741
IRS990/TotalAssetsGrp/EOYAmt07973122
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0511484
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07187331
IRS990/TotalLiabilitiesEOYAmt07294398
IRS990/TotalLiabilitiesGrp/BOYAmt07187331
IRS990/TotalLiabilitiesGrp/EOYAmt07294398
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0752410
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0678724
IRS990/TotalProgramServiceRevenueAmt0385310
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0440240
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0440240
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07939741
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07973122
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0530 MCKINLEY AVE NW
IRS990/USAddress/CityNm0CANTON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044702
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CPFCU.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BECKY GEISSINGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03304532467
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CANTON POLICE AND FIREMAN'S C U INC
ReturnHeader/Filer/BusinessNameControlTxt0CANT
ReturnHeader/Filer/EIN0340717072
ReturnHeader/Filer/PhoneNum03304532467
ReturnHeader/Filer/USAddress/AddressLine1Txt0530 MCKINLEY AVENUE NW
ReturnHeader/Filer/USAddress/CityNm0CANTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044702
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273731447
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WESTON & COMPANY CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0371 COUNTY LINE RD W STE 100B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTERVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd043082
ReturnHeader/PreparerPersonGrp/PhoneNum06148906620
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW MATHIAS CPA
ReturnHeader/ReturnTs02016-08-22T12:32:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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