Civic Intelligence

South Bend Post Office C U

EIN 35-0670808 • 501(c)14 • South Bend, IN

Profile

Cooperative Financial Institution

53790 Generations DrSouth Bend, IN 46635-1539

www.sbpocu.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

95th percentile

0.00x

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

501(c)14 • <$500k nonprofits • Source year 2021

Net Margin

95th percentile

18%

Higher net margin than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

95th percentile

-100%

Faster asset growth than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2018 to 2021

Revenue Growth

85th percentile

-6.5%

Faster revenue growth than 85% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2018 to 2021

Assets

Down

$0

Down $8,917,278 (-100%) from 2018

Liabilities

Down

$0

Down $14,775 (-100%) from 2018

Net Assets

Down

$0

Down $8,902,503 (-100%) from 2018

Revenue

Down

$315,966

Down $70,492 (-18%) from 2018

Expenses

Down

$258,424

Down $52,543 (-17%) from 2018

Net Income

Down

$57,542

Down $17,949 (-24%) from 2018

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $10,184,521Liabilities 2010: $1,109Net Assets 2010: $10,183,4122010Assets 2011: $10,067,942Liabilities 2011: $1,118Net Assets 2011: $10,066,8242011Assets 2012: $10,287,012Liabilities 2012: $16,011Net Assets 2012: $10,271,0012012Assets 2013: $10,008,738Liabilities 2013: $17,423Net Assets 2013: $9,991,3152013Assets 2014: $9,645,469Liabilities 2014: $18,852Net Assets 2014: $9,626,6172014Assets 2015: $9,435,327Liabilities 2015: $24,757Net Assets 2015: $9,410,5702015Assets 2016: $9,022,967Liabilities 2016: $225,242Net Assets 2016: $8,797,7252016Assets 2017: $8,805,524Liabilities 2017: $15,842Net Assets 2017: $8,789,6822017Assets 2018: $8,917,278Liabilities 2018: $14,775Net Assets 2018: $8,902,5032018Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $539,4092010Expenses 2011: $328,5702011Expenses 2012: $336,1132012Revenue 2013: $293,385Expenses 2013: $326,229Net Income 2013: -$32,8442013Revenue 2014: $270,949Expenses 2014: $279,447Net Income 2014: -$8,4982014Revenue 2015: $269,738Expenses 2015: $329,346Net Income 2015: -$59,6082015Revenue 2016: $294,924Expenses 2016: $305,654Net Income 2016: -$10,7302016Revenue 2017: $326,995Expenses 2017: $298,455Net Income 2017: $28,5402017Revenue 2018: $386,458Expenses 2018: $310,967Net Income 2018: $75,4912018Revenue 2021: $315,966Expenses 2021: $258,424Net Income 2021: $57,5422021

Highlighted filing

2021

Revenue$315,966
Expenses$258,424
Net Income$57,542

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jan 24, 2022
Return Version
2021v4.1
Gross Receipts
$315,966
Mission and Program Overview

Mission

Cooperative Financial Institution

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$8,914,963--
Savings and Temporary Cash Investments$6,813,052--
Other Notes and Loans Receivable, Net$2,683,867--
Pd in Cap Srpls Land Bldg Eqp Fund$796,160--
Rtn Earn Endowment Incm Other Fnds$418,318--
Cash and Non-Interest-Bearing Accounts$386,168--
Land, Buildings, and Equipment, Net$79,791--
Receivables From Officers Etc$57,377--
Total Assets$10,144,688$0▼ $10,144,688
Other Assets Total$124,433--
Liabilities
Accounts Payable and Accrued Expenses$15,247--
Total Liabilities$15,247$0▼ $15,247
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,129,441$0▼ $10,129,441
Total Liabilities and Net Assets / Fund Balance$10,144,688$0▼ $10,144,688

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,517$144,675$165,192
Buildings$15,935$146,002$161,937
Land$26,664-$26,664
Leasehold Improvements$16,675$8,972$25,647
Compensation and Service Providers

Board Members and Trustees

NameTitle
John TarwackiBoard Chair
Clarissa Murray-PozsgaiBoard Vice Chair
Clarence MyersBoard Member
Hulbert C Colwell IVBoard Member
Karen DerbyBoard Member
Susan BattlesBoard Member
Mary ZirilleBoard Secretary
Chuck HolmesSupv Committee
Tom YoudblisSupv Committee
Rex BulgrienTreasurerManager
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$133,715
Investment Income
$51,230
Other Revenue
$131,021
Change in Net Assets
$57,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$142,830
Salaries, Compensation, and Employee Benefits$115,594
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$107,340--$107,340
Office Expenses$54,011--$54,011
All Other Expenses$49,378--$49,378
Occupancy$26,087--$26,087
Payroll Taxes$8,254--$8,254
Other Expenses$5,699--$5,699
Travel$968--$968
Conferences and Meetings$500--$500
Interest$2--$2
Total Functional Expenses$258,424$0$0$258,424
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$57,377--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Each depositor is ashareholder

Member election for additional members Part VI line 7A

Each shareholder may vote in the election of board members.

Governing body decisions Part VI line 7B

Shareholders may override the board of directors at the annual meeting

Form 990 governing body review Part VI line 11

Form 990 is reviewed by the Board of Directors at their meeting

Conflict of interest policy compliance Part VI line 12C

Each Board Member signs a new agreement to the Conflict of Interest policy each year

CEO executive director top management comp Part VI line 15A

Compensation for our Treasurer/Manager was determined by reviewing data provided by the Indiana Credit Union League survey as well as comparing our managers experience with the levels shown in the survey

Other officer or key employee compensation Part VI line 15B

Key employee compensation was determined by reviewing the Indiana Credit Union League survey and comparing it to the experience level of our key employees

Governing documents etc available to public Part VI line 19

Governing documents are available for review by the general public during our normal business hours

Filing and Contact Details

Filer

Filer Name
South Bend Post Office C U
EIN
35-0670808
Address
53790 Generations Dr, South Bend, IN 46635-1539

Signing Officer

Name
Rex Bulgrien
Title
Treasurer Manag
Phone
5742728581
Signed
2022-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rex Bulgrien 4 Key emp
Formed
1924
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
9

Preparer

Firm
Colwells Tax Service
Address
61642 Kingston Ct, South Bend, IN 46614-6445
Preparer
Hulbert C Colwell
Phone
5742916756
Supplemental Narrative

Additional Explanations

Cessation of or significant change to any program service Part III line 3

South Bend Post Office Credit Union merger with Partners 1st Federal Credit Union effection 10-01-2021.

Explanation of other changes in net assets or fund balances Part XI line 9

Additional deposit of shares by members

List of other fees for services expenses Part IX line 11G

Professional outside services: State Examiners, CPA review, and outside accounting services

List of other expenses Part IX line 24E

Dividends paid, Allowance for Loan Loss, and Cash Over/Short

Part XI response or note to any line in Part XI

Change in the number of shares held.

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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/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt025647
IRS990ScheduleD/TotalBookValueLandBuildingsAmt079791
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt013982
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt110704
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2991
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3904
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt417704
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt53327
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt69816
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd5true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd6true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd6X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Vehicle Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Signature
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Signature
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3Signature
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4Auto Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5Signature
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6Pledged Shares
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt025000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt117494
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt25900
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt33682
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt425665
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt53700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt612000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Mary Zirille
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Mary Zirille
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2John Tarwacki
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3John Tarwacki
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4Clarence J Myers
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5John Tarwacki
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6Susan Battles
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board Secretary
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Board Chair
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Board Chair
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5Board Chair
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt6Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd5true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd6true
IRS990ScheduleL/TotalBalanceDueAmt057428
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0South Bend Post Office Credit Union merged with Partners 1st Federal CU
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-10-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0351079936
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt011031564
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0Federal Credit
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Book value
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0Partners 1st Federal Credit Union
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01330 Directors Row
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Fort Wayne
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd046808
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Each depositor is ashareholder
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each shareholder may vote in the election of board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Shareholders may override the board of directors at the annual meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is reviewed by the Board of Directors at their meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Each Board Member signs a new agreement to the Conflict of Interest policy each year
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation for our Treasurer/Manager was determined by reviewing data provided by the Indiana Credit Union League survey as well as comparing our managers experience with the levels shown in the survey
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Key employee compensation was determined by reviewing the Indiana Credit Union League survey and comparing it to the experience level of our key employees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Governing documents are available for review by the general public during our normal business hours
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8South Bend Post Office Credit Union merger with Partners 1st Federal Credit Union effection 10-01-2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Additional deposit of shares by members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Professional outside services: State Examiners, CPA review, and outside accounting services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Dividends paid, Allowance for Loan Loss, and Cash Over/Short
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Change in the number of shares held.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Cessation of or significant change to any program service Part III line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Part XI response or note to any line in Part XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt010144688

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