Civic Intelligence

First Northern Credit Union

990 • Fiscal year 2012 • EIN 36-2009178

Jan 01, 2012 to Dec 31, 2012 • Filed on Apr 25, 2013

Organization ProfileWWW.FNCU.ORG

View Organization Page

230 W Monroe No 285060606-4902
Siviq Scores

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

Liabilities / Assets

89th percentile

0.92x

Higher debt load relative to assets than 89% of similar nonprofits.

2012 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

57th percentile

6.5%

Faster asset growth than 57% of similar nonprofits.

2012 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$308,227,032

Up $18,787,528 (+6.5%) from 2011

Net Assets

Up

$24,067,543

Up $404,872 (+1.7%) from 2011

Liabilities

Up

$284,159,489

Up $18,382,656 (+6.9%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$11,969,420

Down $427,648 (-3.4%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$400M$300M$200M$100M$0Assets 2010: $284,807,333Liabilities 2010: $261,309,489Net Assets 2010: $23,497,8442010Assets 2011: $289,439,504Liabilities 2011: $265,776,833Net Assets 2011: $23,662,6712011Assets 2012: $308,227,032Liabilities 2012: $284,159,489Net Assets 2012: $24,067,5432012Assets 2013: $307,646,933Liabilities 2013: $284,805,034Net Assets 2013: $22,841,8992013Assets 2014: $307,906,282Liabilities 2014: $284,902,737Net Assets 2014: $23,003,5452014Assets 2015: $313,214,061Liabilities 2015: $289,952,253Net Assets 2015: $23,261,8082015Assets 2016: $317,534,044Liabilities 2016: $293,428,781Net Assets 2016: $24,105,2632016Assets 2017: $316,319,262Liabilities 2017: $292,087,078Net Assets 2017: $24,232,1842017Assets 2018: $307,725,946Liabilities 2018: $283,170,742Net Assets 2018: $24,555,2042018Assets 2019: $302,789,767Liabilities 2019: $276,871,949Net Assets 2019: $25,917,8182019Assets 2020: $348,956,150Liabilities 2020: $321,548,669Net Assets 2020: $27,407,4812020Assets 2021: $376,782,772Liabilities 2021: $349,852,807Net Assets 2021: $26,929,9652021Assets 2022: $366,938,547Liabilities 2022: $347,155,196Net Assets 2022: $19,783,3512022Assets 2023: $350,536,640Liabilities 2023: $326,801,082Net Assets 2023: $23,735,5582023Assets 2024: $336,401,323Liabilities 2024: $306,893,425Net Assets 2024: $29,507,8982024

Highlighted filing

2012

Assets$308,227,032
Liabilities$284,159,489
Net Assets$24,067,543
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MExpenses 2010: $16,216,1472010Expenses 2011: $12,397,0682011Expenses 2012: $11,969,4202012Revenue 2013: $10,976,029Expenses 2013: $11,773,544Net Income 2013: -$797,5152013Revenue 2014: $11,353,687Expenses 2014: $11,450,422Net Income 2014: -$96,7352014Revenue 2015: $11,920,069Expenses 2015: $11,604,627Net Income 2015: $315,4422015Revenue 2016: $12,779,779Expenses 2016: $12,139,844Net Income 2016: $639,9352016Revenue 2017: $13,102,165Expenses 2017: $12,458,613Net Income 2017: $643,5522017Revenue 2018: $13,901,227Expenses 2018: $13,293,180Net Income 2018: $608,0472018Revenue 2019: $14,563,171Expenses 2019: $14,119,887Net Income 2019: $443,2842019Revenue 2020: $15,864,341Expenses 2020: $14,794,690Net Income 2020: $1,069,6512020Revenue 2021: $14,919,062Expenses 2021: $13,979,497Net Income 2021: $939,5652021Revenue 2022: $13,852,923Expenses 2022: $13,573,556Net Income 2022: $279,3672022Revenue 2023: $15,682,669Expenses 2023: $14,831,444Net Income 2023: $851,2252023Revenue 2024: $20,219,577Expenses 2024: $16,749,293Net Income 2024: $3,470,2842024

Highlighted filing

2012

Revenue-
Expenses$11,969,420
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Apr 25, 2013
Return Version
2012v2.1
Gross Receipts
$12,284,736
Mission and Program Overview

Mission

Credit union operated without profit for mutual purposes.

Major Activities

Activity 2
Granted 2,433 loans totaling $87,982,930 to our members during 2012.
Filing and Contact Details

Filer

EIN
36-2009178
Raw XML AppendixShowing 400 of 456 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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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3REPRESENTS EXPENSES FOR THE PERIOD JULY 1, 2012 THROUGH DECEMBER 31, 2012 MOST RECENT AUDITED FINANCIALS WERE FOR THE 12 MONTH PERIOD ENDED JUNE 30, 2012.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0THE FOLLOWING EMPLOYEES PARTICIPATED IN A SUPPLEMENTAL, NON-QUALIFIED 457B PLAN: EDWARD C. BERG, ALEX MALONE, AND CHRISTOPHER DURKIN.
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IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0EDWARD BERG
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1ALEX MALONE
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg04615
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg12820
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/Title0PRESIDENT/CEO
IRS990ScheduleJ/Form990ScheduleJPartII/Title1SENIOR VICE PRESIDENT
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0264754
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg1189874
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs10
IRS990ScheduleJ/IndependentConsultant0X
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan01
IRS990ScheduleO/GeneralExplanation/Explanation0MEMBERSHIP ELIGIBILITY REQUIREMENTS ARE DOCUMENTED IN THE ORGANIZATION'S BY-LAWS. MEMBERSHIP IS ACHIEVED BY MAINTAINING A COMMON SHARE DEPOSIT ACCOUNT OF $5.00 OR GREATER.
IRS990ScheduleO/GeneralExplanation/Explanation1CREDIT UNION HOLDS A MEETING OF THE ENTIRE MEMBERSHIP ANNUALLY, AT WHICH THE MEMBERSHIP ELECTS THE MEMBERS OF THE BOARD OF DIRECTORS TO ONE YEAR TERMS. ALL ELIGIBLE MEMBERS OF THE CREDIT UNION ARE INVITED TO ATTEND THE MEETING AND VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation2FORM 990 IS REVIEWED FOR ACCURACY BY THE CREDIT UNION'S CONTROLLER PRIOR TO BEING SUBMITTED TO OUR EXTERNAL AUDITORS FOR ELECTRONIC FILING.
IRS990ScheduleO/GeneralExplanation/Explanation3ANNUAL CONFLICT OF INTEREST POLICIES ARE DISTRIBUTED TO ALL EMPLOYEES AND DIRECTORS BY THE CREDIT UNION'S INTERNAL AUDIT AREA. ALL FORMS ARE TO BE SIGNED AND RETURNED TO INTERNAL AUDIT, WHO ARE RESPONSIBLE FOR MAINTAINING ALL RECORDS. DATA INCLUDED ON FORMS IS REVIEWED AND TESTED BY INTERNAL AUDIT ON AN ON-GOING BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation4INDEPENDENT CONSULTANT IS USED TO ESTABLISH AND MAINTAIN GRADE LEVELS AND SALARY RANGES WITHIN EACH GRADE. OVERALL MERIT INCREASE IS SUBMITTED BY THE COMPENSATION COMMITTEE TO THE BOARD OF DIRECTORS FOR APPROVAL ANNUALLY. INDIVIDUAL SALARY INCREASES FOR OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE EMPLOYEES' INDIVIDUAL PERFORMANCE APPRAISALS. CEO SALARY IS ESTABLISHED BY THE BOARD OF DIRECTORS ANNUALLY.
IRS990ScheduleO/GeneralExplanation/Explanation5GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE TO OUR MEMBERSHIP UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE TO OUR MEMBERS AND THE GENERAL PUBLIC VIA THE NCUA'S WEB SITE. ADDITIONALLY, YEAR-END FINANCIAL STATEMENTS ARE PROVIDED TO THE MEMBERSHIP VIA OUR PUBLISHED ANNUAL REPORT.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0IL
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10230 W MONROE SUITE 2850
IRS990/TheBooksAreInCareOf/AddressUS/City0CHICAGO
IRS990/TheBooksAreInCareOf/AddressUS/State0IL
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode0606064902
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10JAMES GREVENITES
IRS990/TheBooksAreInCareOf/TelephoneNumber03124296448
IRS990/TotalAssets/BOY0289439504

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$308,227,032
Liabilities
$284,159,489
Net assets
$24,067,543
Revenue
-
Expenses
$11,969,420
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$336$307$29.5$20.2$16.7$3.47
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$351$327$23.7$15.7$14.8$0.85
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$367$347$19.8$13.9$13.6$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$377$350$26.9$14.9$14.0$0.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$349$322$27.4$15.9$14.8$1.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$303$277$25.9$14.6$14.1$0.44
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$308$283$24.6$13.9$13.3$0.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$316$292$24.2$13.1$12.5$0.64
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$318$293$24.1$12.8$12.1$0.64
2015Detailed filing. Detailed filing data is available for this year.$313$290$23.3$11.9$11.6$0.32
2014Detailed filing. Detailed filing data is available for this year.$308$285$23.0$11.4$11.5$0.10
2013Detailed filing. Detailed filing data is available for this year.$308$285$22.8$11.0$11.8$0.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$308$284$24.1$12.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$289$266$23.7$12.4
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$285$261$23.5$16.2