Civic Intelligence

Geauga Credit Union Inc

990 • Fiscal year 2010 • EIN 34-1055466

Jan 01, 2010 to Dec 31, 2010 • Filed on Aug 09, 2011

Organization ProfileWWW.GEAUGACREDITUNION.COM

View Organization Page

PO Box 83944021
Siviq Scores

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

Liabilities / Assets

34th percentile

0.86x

Higher debt load relative to assets than 34% of similar nonprofits.

2010 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets34th percentile

Assets

$29,040,813

No earlier filing loaded for comparison.

Net Assets

$4,133,084

No earlier filing loaded for comparison.

Liabilities

$24,907,729

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,265,884

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$100M$50M$0Assets 2010: $29,040,813Liabilities 2010: $24,907,729Net Assets 2010: $4,133,0842010Assets 2011: $31,297,981Liabilities 2011: $27,010,497Net Assets 2011: $4,287,4842011Assets 2012: $33,586,539Liabilities 2012: $29,171,950Net Assets 2012: $4,414,5892012Assets 2013: $34,705,967Liabilities 2013: $30,810,463Net Assets 2013: $3,895,5042013Assets 2014: $34,628,973Liabilities 2014: $30,708,804Net Assets 2014: $3,920,1692014Assets 2015: $35,099,300Liabilities 2015: $31,164,131Net Assets 2015: $3,935,1692015Assets 2016: $36,897,852Liabilities 2016: $32,941,954Net Assets 2016: $3,955,8982016Assets 2017: $38,087,758Liabilities 2017: $34,070,959Net Assets 2017: $4,016,7992017Assets 2018: $37,155,360Liabilities 2018: $33,030,905Net Assets 2018: $4,124,4552018Assets 2019: $38,964,883Liabilities 2019: $34,561,159Net Assets 2019: $4,403,7242019Assets 2020: $54,765,122Liabilities 2020: $49,747,977Net Assets 2020: $5,017,1452020Assets 2021: $64,960,428Liabilities 2021: $59,307,186Net Assets 2021: $5,653,2422021Assets 2022: $66,325,020Liabilities 2022: $59,949,549Net Assets 2022: $6,375,4712022Assets 2023: $68,339,855Liabilities 2023: $60,080,070Net Assets 2023: $8,259,7852023Assets 2024: $90,952,365Liabilities 2024: $81,626,145Net Assets 2024: $9,326,2202024

Highlighted filing

2010

Assets$29,040,813
Liabilities$24,907,729
Net Assets$4,133,084
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,265,8842010Expenses 2011: $1,222,9582011Expenses 2012: $1,069,0562012Revenue 2013: $1,027,679Expenses 2013: $1,546,764Net Income 2013: -$519,0852013Revenue 2014: $982,305Expenses 2014: $957,640Net Income 2014: $24,6652014Revenue 2015: $1,046,656Expenses 2015: $1,031,656Net Income 2015: $15,0002015Revenue 2016: $1,138,603Expenses 2016: $1,117,874Net Income 2016: $20,7292016Revenue 2017: $1,378,782Expenses 2017: $1,317,099Net Income 2017: $61,6832017Revenue 2018: $1,691,417Expenses 2018: $1,583,761Net Income 2018: $107,6562018Revenue 2019: $1,988,381Expenses 2019: $1,755,976Net Income 2019: $232,4052019Revenue 2020: $2,268,025Expenses 2020: $1,654,605Net Income 2020: $613,4202020Revenue 2021: $1,975,627Expenses 2021: $1,339,527Net Income 2021: $636,1002021Revenue 2022: $2,388,027Expenses 2022: $1,665,798Net Income 2022: $722,2292022Revenue 2023: $4,055,546Expenses 2023: $2,171,239Net Income 2023: $1,884,3072023Revenue 2024: $4,645,390Expenses 2024: $3,578,951Net Income 2024: $1,066,4392024

Highlighted filing

2010

Revenue-
Expenses$1,265,884
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Aug 9, 2011
Return Version
2010v3.2
Gross Receipts
$1,358,134
Mission and Program Overview

Mission

The credit union provides financial services for qualified members.

Major Activities

Activity 2
Gcu paid 260725 in dividends to approximately 5578 members on 7950 deposit accounts. Accounts offered are share savings share draft checking share certificates club accounts and various ira accounts accounts. Club accounts offer members a painless way to save money through payroll deductions to help them budget money. This helps members prepare for future expenses such as real estate taxes school expenses christmas money and vacations to name a few. We also offer student share accounts in our saving for the future program that we bring to the local elementary schools. Children are paid dividends on their full balance upon opening accounts with 5.00.
Activity 3
Gcu paid 70710 to provide visa credit cards to our members. We issue two types of visa card. Gcu offers very reasonable rates (7.75 platinum 11.90 classic) a reward program and charges no fees.
Filing and Contact Details

Filer

EIN
34-1055466
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IRS990ScheduleO/GeneralExplanation/Explanation0PART III Q 4D OTHER PROGRAM EXPENSES PAID 57000 FOR REQUIRED NCUA FEDERAL INSURANCE ASSESSMENT. GCU INSURES MEMBER DEPOSITS FOR UP TO 250000 THROUGH NCUA. PAID 54000 TO MAINTAIN OUR ATMDEBIT CARD PROGRAM FOR MEMBERS. PROVIDING AN ATMDEBIT CARD PROGRAM FOR MEMBERS IS A VITAL SERVICE THAT FINANCIAL INSTITUTIONS NEED TO OFFER IN THE CURRENT BUSY ECONOMIC ATMOSPHERE FOR THE CONVENIENCE OF MEMBERS. PART VI Q6 AND 7A ANYONE WHO LIVES OR WORKS IN GEAUGA COUNTY OR HAS AN IMMEDIATE FAMILY MEMBER WHO CURRENTLY BELONGS TO GCU MAY BECOME A MEMBER. APPROPRIATE MEMBERSHIP APPLICATION MUST BE COMPLETED AND PROCESSED ALONG WITH A 5.00 DEPOSIT THAT REPRESENTS ONE SHARE. THIS SHARE IS KEPT IN A SHARE SAVINGS ACCOUNT FOR THE LIFE OF THE MEMBERSHIP. THIS SHARE ENTITLES THE MEMBER TO VOTING PRIVILEGES IN DECIDING THE GOVERNING BODY AKA THE 9 MEMBER BOARD OF DIRECTORS. EACH DIRECTOR HAS A TERM OF THREE YEARS. EACH YEAR THREE POSITIONS ARE UP FOR ELECTION. A SHORT RESUME OF EACH NOMINEE IS POSTED ON OUR WEBSITE AND MAILED TO EACH MEMBER. INCLUDED IN THIS MAILING IS A BALLOT AND A POSTAGE PAID ENVELOPE. WHEN RECEIVED BY GCU THEY ARE HELD UNOPENED UNTIL THE AUDIT COMMITTEE MEETS TO OPEN THE ENVELOPES AND TALLY THE VOTES. THE ELECTION RESULTS ARE PRESENTED AT THE ANNUAL MEETING THAT IS HELD THE FIRST THURSDAY IN MARCH. PART VI SECTION B Q11B THE 990 IS COMPLETED BY TWO STAFF MEMBERS WHO COMPLETE THE DATA UNDER THE SUPERVISION OF THE TREASURER. THE TREASURER REVIEWS AND APPROVES THE FINAL DRAFT FOR PRESENTATION TO THE BOARD BY E-MAIL. BOARD MEMBERS ARE ENCOURAGED TO RESPOND WITH ANY QUESTIONS OR CONCERNS PRIOR TO THE FINAL APPROVAL BY THE TREASURER AND SUBSEQUENT FILING OF THE 990 RETURN TO THE IRS. PART VI SECTION B Q12C GEAUGA CREDIT UNION HAS INSTITUTED A PROCESS TO DETERMINE CONFLICT OF INTEREST REGARDING BOARD MEMBERS. ANNUALLY THE BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST ANNUAL STATEMENT. THESE ARE SUMMARIZED AND MAINTAINED IN A DOCUMENT PRESENT AT EACH BOARD MEETING. IF THE POSSIBILITY OF A CONFLICT OF INTEREST EXISTS THE BOARD MEMBER MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH IS REVIEWED BY THE TREASURER. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST THE CONFLICTED BOARD MEMBER IS REQUIRED TO ABSTAIN FROM ANY DISCUSSION OR VOTE REGARDING THE CONFLICT. PART VI SECTION B Q15A THE ONLY PAID POSITION ON THE BOARD OF DIRECTORS IS THE POSITION OF TREASURER. THE TREASURER IS CONSIDERED THE TOP MANAGEMENT AND TOP FINANCIAL OFFICER OF GEAUGA CREDIT UNION. THE TREASURER'S SALARY IS DETERMINED BY A COMPENSATION COMMITTEE WITHIN THE CURRENT BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE PROPOSES A NEW SALARY AT A BOARD MEETING. THIS PROPOSAL IS THEN DISCUSSED AND VOTED ON WITH THE TREASURER ABSTAINING FROM BOTH DISCUSSION AND VOTE. THE LAST PAY INCREASE FOR THE TREASURER WAS JULY 2006 FROM 2500.00 PER MONTH TO 3000 PER MONTH GROSS. IN LATE 2008 DUE TO ECONOMIC CONDITIONS THE TREASURER'S SALARY REVERTED TO 2500 PER MONTH AND HAS REMAINED AT THIS RATE THROUGH 12312010. PART VI SECTION C Q19 GCU BYLAWS MONTHLY FINANCIAL STATEMENTS AND OTHER PERTINENT DOCUMENTS ARE POSTED IN A SECURE DISPLAY BOARD IN THE CREDIT UNION VESTIBULE. IN ADDITION ANY MEMBER CAN REVIEWQUESTION ANY GCU POLICY BY MAKING AN APPOINTMENT WITH THE OFFICE MANAGER OR TREASURER. PART VII SECTION A Q1A LINDA HEIN BOARD MEMBER DID NOT SEEK REELECTION ENDING HER TERM ON 32010. AGGIE SOJKA WAS ELECTED BY THE MEMBERS TO REPLACE HER POSITION EFFECTIVE 32010.
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0OH
IRS990/StatesWhereCopyOfReturnIsFiled0OH
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1014499 NORTH CHESHIRE ST
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine20PO BOX 839
IRS990/TheBooksAreInCareOf/AddressUS/City0BURTON
IRS990/TheBooksAreInCareOf/AddressUS/State0OH
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode044021
IRS990/TheBooksAreInCareOf/NamePerson0THOMAS BRIGGS TREASURER
IRS990/TheBooksAreInCareOf/TelephoneNumber04408344327
IRS990/TotalAssets/BOY027595446
IRS990/TotalAssetsBOY027595446
IRS990/TotalAssets/EOY029040813
IRS990/TotalAssetsEOY029040813
IRS990/TotalCompGT150K0false
IRS990/TotalExpensesCurrentYear01265884
IRS990/TotalExpensesPriorYear01245276
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices00
IRS990/TotalFunctionalExpenses/Total01265884
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI019641
IRS990/TotalLiabilities/BOY023554612
IRS990/TotalLiabilitiesBOY023554612
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IRS990/TotalLiabilitiesEOY024907729
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IRS990/TotalLiabNetAssetsFundBalances/EOY029040813
IRS990/TotalNbrEmployees011
IRS990/TotalNbrVolunteers014
IRS990/TotalNetAssetsFundBalances/BOY04040834
IRS990/TotalNetAssetsFundBalances/EOY04133084
IRS990/TotalOtherCompensation02064
IRS990/TotalOtherRevenue08848
IRS990/TotalOthProgramServiceRevenue/RelatedOrExemptFunctionIncome0904
IRS990/TotalOthProgramServiceRevenue/TotalRevenueColumn0904
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense0863739
IRS990/TotalProgramServiceRevenue01154185
IRS990/TotalReportableCompFromOrg028800
IRS990/TotalRevenueCurrentYear01358134
IRS990/TotalRevenue/ExclusionAmount00
IRS990/TotalRevenuePriorYear01294263
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome01338493
IRS990/TotalRevenue/TotalRevenueColumn01358134
IRS990/TotalRevenue/UnrelatedBusinessRevenue019641
IRS990/TransactionRelatedEntity0false
IRS990/Travel/Total01814
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0true
IRS990/UponRequest0X
IRS990/WebSite0WWW.GEAUGACREDITUNION.COM
IRS990/WhistleblowerPolicy0true
IRS990/YearFormation01956
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0341055466
ReturnHeader/Filer/Name/BusinessNameLine10GEAUGA CREDIT UNION INC
ReturnHeader/Filer/NameControl0745G
ReturnHeader/Filer/Phone04408344327
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 839
ReturnHeader/Filer/USAddress/City0BURTON
ReturnHeader/Filer/USAddress/State0OH
ReturnHeader/Filer/USAddress/ZIPCode044021
ReturnHeader/Officer/DateSigned02011-08-09
ReturnHeader/Officer/Name0THOMAS BRIGGS
ReturnHeader/Officer/Phone04408344327
ReturnHeader/Officer/Title0TREASURER
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02010-01-01
ReturnHeader/TaxPeriodEndDate02010-12-31
ReturnHeader/TaxYear02010
ReturnHeader/Timestamp02011-08-10T12:14:00-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$29,040,813
Liabilities
$24,907,729
Net assets
$4,133,084
Revenue
-
Expenses
$1,265,884
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.0$81.6$9.33$4.65$3.58$1.07
2023Detailed filing. Detailed filing data is available for this year.$68.3$60.1$8.26$4.06$2.17$1.88
2022Detailed filing. Detailed filing data is available for this year.$66.3$59.9$6.38$2.39$1.67$0.72
2021Detailed filing. Detailed filing data is available for this year.$65.0$59.3$5.65$1.98$1.34$0.64
2020Detailed filing. Detailed filing data is available for this year.$54.8$49.7$5.02$2.27$1.65$0.61
2019Detailed filing. Detailed filing data is available for this year.$39.0$34.6$4.40$1.99$1.76$0.23
2018Detailed filing. Detailed filing data is available for this year.$37.2$33.0$4.12$1.69$1.58$0.11
2017Detailed filing. Detailed filing data is available for this year.$38.1$34.1$4.02$1.38$1.32$0.06
2016Detailed filing. Detailed filing data is available for this year.$36.9$32.9$3.96$1.14$1.12$0.02
2015Detailed filing. Detailed filing data is available for this year.$35.1$31.2$3.94$1.05$1.03$0.02
2014Detailed filing. Detailed filing data is available for this year.$34.6$30.7$3.92$0.98$0.96$0.02
2013Detailed filing. Detailed filing data is available for this year.$34.7$30.8$3.90$1.03$1.55$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$29.2$4.41$1.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.3$27.0$4.29$1.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.0$24.9$4.13$1.27