Civic Intelligence

First Choice Credit Union Inc

EIN 34-1015114 • 501(c)14 • Coldwater, OH

View Organization Page

Profile

To provide lending, savings and other financial services to its qualifying members at terms generaly better than available in the market place and with a service-based emphasis that recognizes the members status as owners

300 W Sycamore StColdwater, OH 45828

www.1stchoicecu.com

Siviq Scores

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

Liabilities / Assets

1st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • $10M-$25M nonprofits • Source year 2016

Net Margin

55th percentile

9.8%

Higher net margin than 55% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

501(c)14 • $10M-$25M nonprofits • Source year 2016

Asset Growth

91st percentile

9.1%

Faster asset growth than 91% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

9.6%

Faster revenue growth than 62% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$17,348,240

Up $1,444,342 (+9.1%) from 2015

Liabilities

Down

$0

Down $79,074 (-100%) from 2015

Net Assets

Up

$17,348,240

Up $1,523,416 (+9.6%) from 2015

Operations
Liabilities / Revenue5th percentileNet Margin55th percentile

Revenue

Up

$505,870

Up $44,434 (+9.6%) from 2015

Expenses

Up

$456,098

Up $53,670 (+13%) from 2015

Net Income

Down

$49,772

Down $9,236 (-16%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth91st percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $11,441,980Liabilities 2010: $70,339Net Assets 2010: $11,371,6412010Assets 2011: $12,322,640Liabilities 2011: $69,962Net Assets 2011: $12,252,6782011Assets 2012: $13,799,919Liabilities 2012: $64,382Net Assets 2012: $13,735,5372012Assets 2013: $14,021,921Liabilities 2013: $114,462Net Assets 2013: $13,907,4592013Assets 2014: $15,109,771Liabilities 2014: $35,009Net Assets 2014: $15,074,7622014Assets 2015: $15,903,898Liabilities 2015: $79,074Net Assets 2015: $15,824,8242015Assets 2016: $17,348,240Liabilities 2016: $0Net Assets 2016: $17,348,2402016

Highlighted filing

2016

Assets$17,348,240
Liabilities$0
Net Assets$17,348,240
Open 2016 Filing

Operations Trend

Revenue Growth62nd percentile

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

$600K$400K$200K$0Expenses 2010: $401,8002010Expenses 2011: $363,1802011Expenses 2012: $392,3522012Revenue 2013: $418,462Expenses 2013: $399,584Net Income 2013: $18,8782013Revenue 2014: $437,782Expenses 2014: $387,934Net Income 2014: $49,8482014Revenue 2015: $461,436Expenses 2015: $402,428Net Income 2015: $59,0082015Revenue 2016: $505,870Expenses 2016: $456,098Net Income 2016: $49,7722016

Highlighted filing

2016

Revenue$505,870
Expenses$456,098
Net Income$49,772
Open 2016 Filing

Filings

Most recent year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,348,240
Liabilities
$0
Net assets
$17,348,240
Revenue
$505,870
Expenses
$456,098
Net income
$49,772
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$17.3$0.00$17.3$0.51$0.46$0.05
2015Detailed filing. Detailed filing data is available for this year.$15.9$0.08$15.8$0.46$0.40$0.06
2014Detailed filing. Detailed filing data is available for this year.$15.1$0.04$15.1$0.44$0.39$0.05
2013Detailed filing. Detailed filing data is available for this year.$14.0$0.11$13.9$0.42$0.40$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$0.06$13.7$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$0.07$12.3$0.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$0.07$11.4$0.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 20, 2017
Return Version
2016v3.0
Gross Receipts
$505,870
Mission and Program Overview

Mission

To provide lending, savings and other financial services to its qualifying members at terms generaly better than available in the market place and with a service-based emphasis that recognizes the members status as owners

Financial services to qualified members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$15,824,824$17,348,240▲ $1,523,416
Savings and Temporary Cash Investments$9,179,153$9,769,773▲ $590,620
Other Notes and Loans Receivable, Net$5,991,879$6,687,157▲ $695,278
Cash and Non-Interest-Bearing Accounts$268,913$418,025▲ $149,112
Prepaid Expenses and Deferred Charges$247,402$258,182▲ $10,780
Land, Buildings, and Equipment, Net$196,520$197,358▲ $838
Receivables From Officers Etc$25,075$22,286▼ $2,789
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$15,903,898$17,348,240▲ $1,444,342
Other Assets Total$-5,044$-4,541▲ $503
Liabilities
Other Liabilities$77,458--
Accounts Payable and Accrued Expenses$1,616--
Total Liabilities$79,074$0▼ $79,074
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,824,824$17,348,240▲ $1,523,416
Total Liabilities and Net Assets / Fund Balance$15,903,898$17,348,240▲ $1,444,342

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,870$126,501$0
Other Land Buildings$2,908$176,822$0
Land$173,500-$0
Equipment$80$43,145$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
Tim HartPresident
Ron MuhlenkampVice President
Andy KremerBoard Member
Lucy GaerkeBoard Member
Nathan KaupBoard Member
Erica RanlySecretary
Lynn GrundenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$387,541
Investment Income
$118,329
Other Revenue
$0
Change in Net Assets
$49,772

Audited Revenue Reconciliation

Revenue per Audited Statements
$505,870
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$505,870
Total Revenue per Form 990
$505,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$193,771
Salaries, Compensation, and Employee Benefits$185,408
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$142,730
Benefits to Members---$76,919
Office Expenses---$50,335
Information Technology---$40,009
Other Employee Benefits---$23,049
Occupancy---$22,608
Payroll Taxes---$13,358
Advertising---$11,340
Fees for Services Accounting---$9,983
Interest---$7,988
Depreciation Depletion---$7,167
Insurance---$7,070
Pension Plan Contributions---$6,271
Other Expenses---$6,045
Conferences and Meetings---$2,800
Fees for Services Legal---$1,588
Fees for Services Management---$512
Total Functional Expenses$0$0$0$456,098

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$456,098
Total Expenses per Audited Statements$456,098
Total Expenses per Form 990$456,098
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$25,075$22,286▼ $2,789
Governance and Compliance

Governance Checklist

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

“The credit union is member owned”

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

“An annual meeting is held to vote in or renew any directors or officers”

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

“Form is filed by key accountant and available upon request”

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

“If any board member or employee is notified or becomes aware of a conflict of interest an investigation follows and if neccessar, action is taken”

Form 990, Part VI, Section C, Line 19

“All policies are available upon request”

Filing and Contact Details

Filer

Filer Name
First Choice Credit Union Inc
EIN
34-1015114
Phone
4196783335
Address
300 W Sycamore St, Coldwater, OH 45828

Signing Officer

Name
cheryl hoyng
Title
accountant
Phone
4196783335
Signed
2017-04-20

Organization Details

Formed
1967
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
7
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Net income of $49,773 Shares increased $1,423,871”

Raw XML AppendixShowing 400 of 425 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/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0166308
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0376388
IRS990/PYRevenuesLessExpensesAmt059008
IRS990/PYSalariesCompEmpBnftPaidAmt0159290
IRS990/PYTotalExpensesAmt0402428
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0461436
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt025075
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt022286
IRS990/ReconcilationRevenueExpnssAmt049772
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt015824824
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt017348240
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09179153
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09769773
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt020870
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0126501
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0147371
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt080
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043145
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt043225
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0456098
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0173500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0173500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02908
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0176822
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0179730
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0505870
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0197358
IRS990ScheduleD/TotalExpensesPerForm990Amt0456098
IRS990ScheduleD/TotalRevenuePerForm990Amt0505870
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0505870
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0456098
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt022286
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt035000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0TIMOTHY HART
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt022286
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS MEMBER OWNED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ANNUAL MEETING IS HELD TO VOTE IN OR RENEW ANY DIRECTORS OR OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM IS FILED BY KEY ACCOUNTANT AND AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IF ANY BOARD MEMBER OR EMPLOYEE IS NOTIFIED OR BECOMES AWARE OF A CONFLICT OF INTEREST AN INVESTIGATION FOLLOWS AND IF NECCESSAR, ACTION IS TAKEN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL POLICIES ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Net income of $49,773 Shares increased $1,423,871
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 B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015903898
IRS990/TotalAssetsEOYAmt017348240
IRS990/TotalAssetsGrp/BOYAmt015903898
IRS990/TotalAssetsGrp/EOYAmt017348240
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0456098
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt079074
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt079074
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015824824
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017348240
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0387541
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0505870
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0505870
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015903898
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017348240
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 W SYCAMORE ST
IRS990/USAddress/CityNm0COLDWATER

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