Civic Intelligence

Mwrd Employees Credit Union

990 • Fiscal year 2020 • EIN 36-2261513

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 04, 2021

Organization Profilewww.mwrdecu.com

View Organization Page

100 East Erie StreetChicago, IL 60611

(312) 751-3114

Siviq Scores

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

Liabilities / Assets

36th percentile

0.86x

Higher debt load relative to assets than 36% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

25.08x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Net Margin

56th percentile

11%

Higher net margin than 56% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

86th percentile

$146,385

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Asset Growth

27th percentile

10%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

1.4%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$39,343,603

Up $3,701,537 (+10%) from 2019

Net Assets

Up

$5,325,243

Up $277,578 (+5.5%) from 2019

Liabilities

Up

$34,018,360

Up $3,423,959 (+11%) from 2019

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin56th percentile

Revenue

Up

$1,356,552

Up $18,423 (+1.4%) from 2019

Expenses

Up

$1,213,351

Up $33,544 (+2.8%) from 2019

Net Income

Down

$143,201

Down $15,121 (-9.6%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$60M$40M$20M$0Assets 2010: $25,342,688Liabilities 2010: $21,227,344Net Assets 2010: $4,115,3442010Assets 2011: $26,136,613Liabilities 2011: $21,970,793Net Assets 2011: $4,165,8202011Assets 2012: $26,867,589Liabilities 2012: $22,498,413Net Assets 2012: $4,369,1762012Assets 2013: $26,875,042Liabilities 2013: $22,825,311Net Assets 2013: $4,049,7312013Assets 2014: $28,576,817Liabilities 2014: $24,145,450Net Assets 2014: $4,431,3672014Assets 2015: $30,218,197Liabilities 2015: $25,792,631Net Assets 2015: $4,425,5662015Assets 2016: $32,720,757Liabilities 2016: $28,387,381Net Assets 2016: $4,333,3762016Assets 2017: $32,975,579Liabilities 2017: $28,455,916Net Assets 2017: $4,519,6632017Assets 2018: $33,482,165Liabilities 2018: $28,852,751Net Assets 2018: $4,629,4142018Assets 2019: $35,642,066Liabilities 2019: $30,594,401Net Assets 2019: $5,047,6652019Assets 2020: $39,343,603Liabilities 2020: $34,018,360Net Assets 2020: $5,325,2432020Assets 2021: $42,360,096Liabilities 2021: $37,082,069Net Assets 2021: $5,278,0272021Assets 2022: $41,446,674Liabilities 2022: $36,281,992Net Assets 2022: $5,164,6822022Assets 2023: $37,536,714Liabilities 2023: $32,291,086Net Assets 2023: $5,245,6282023Assets 2024: $40,192,540Liabilities 2024: $34,884,544Net Assets 2024: $5,307,9962024

Highlighted filing

2020

Assets$39,343,603
Liabilities$34,018,360
Net Assets$5,325,243
Open 2020 Filing

Operations Trend

Revenue Growth85th percentile

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

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $1,024,9012010Expenses 2011: $1,047,8712011Expenses 2012: $996,0032012Revenue 2013: $1,177,752Expenses 2013: $1,021,311Net Income 2013: $156,4412013Revenue 2014: $1,072,549Expenses 2014: $1,004,741Net Income 2014: $67,8082014Revenue 2015: $1,079,343Expenses 2015: $1,071,688Net Income 2015: $7,6552015Revenue 2016: $1,074,737Expenses 2016: $1,051,747Net Income 2016: $22,9902016Revenue 2017: $1,177,928Expenses 2017: $1,062,080Net Income 2017: $115,8482017Revenue 2018: $1,273,862Expenses 2018: $1,121,152Net Income 2018: $152,7102018Revenue 2019: $1,338,129Expenses 2019: $1,179,807Net Income 2019: $158,3222019Revenue 2020: $1,356,552Expenses 2020: $1,213,351Net Income 2020: $143,2012020Revenue 2021: $1,386,599Expenses 2021: $1,294,986Net Income 2021: $91,6132021Revenue 2022: $1,328,597Expenses 2022: $1,221,055Net Income 2022: $107,5422022Revenue 2023: $1,562,273Expenses 2023: $1,377,847Net Income 2023: $184,4262023Revenue 2024: $1,665,636Expenses 2024: $1,640,505Net Income 2024: $25,1312024

Highlighted filing

2020

Revenue$1,356,552
Expenses$1,213,351
Net Income$143,201
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 4, 2021
Return Version
2020v4.0
Gross Receipts
$1,356,552
Mission and Program Overview

Mission

To be our members' primary financial institution of choice by providing competitive financail services in a secure environment and meeting their changing needs while maintaining our financial stability.

To be our members primary financial institution of choice by providing competive financial services in a secure environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$17,988,034$16,895,041▼ $1,092,993
Investments Other Securities$12,700,369$14,615,684▲ $1,915,315
Rtn Earn Endowment Incm Other Fnds$5,047,665$5,325,243▲ $277,578
Cash and Non-Interest-Bearing Accounts$3,564,156$4,520,086▲ $955,930
Savings and Temporary Cash Investments$686,920$2,547,751▲ $1,860,831
Prepaid Expenses and Deferred Charges$124,002$168,936▲ $44,934
Receivables From Officers Etc$161,372$161,359▼ $13
Land, Buildings, and Equipment, Net$13,443$17,180▲ $3,737
Total Assets$35,642,066$39,343,603▲ $3,701,537
Other Assets Total$403,770$417,566▲ $13,796
Liabilities
Other Liabilities$30,506,807$33,898,549▲ $3,391,742
Accounts Payable and Accrued Expenses$87,594$119,811▲ $32,217
Total Liabilities$30,594,401$34,018,360▲ $3,423,959
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,047,665$5,325,243▲ $277,578
Total Liabilities and Net Assets / Fund Balance$35,642,066$39,343,603▲ $3,701,537

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,180$648,048$665,228
Other Assets Org$417,566--
Other Securities$18,603--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda GeersPresidentFT$122,558$23,827$146,385

Board Members and Trustees

NameTitle
Kari SteelChairman
Anthony BalichBoard Member
Brian DeitzBoard Member
Glenn MillerBoard Member
Jacqueline TorresBoard Member
Nathanial ThomasBoard Member
Beverly SandersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$973,344
Investment Income
$294,652
Other Revenue
$88,556
Change in Net Assets
$143,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$576,563
Other Expenses$442,635
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$286,783
Office Expenses---$244,797
Benefits to Members---$194,153
Current Officers, Directors, Trustees, and Key Employees---$122,558
Pension Plan Contributions---$75,500
Information Technology---$67,086
Other Employee Benefits---$61,734
Fees for Services Accounting---$48,316
Advertising---$43,847
Payroll Taxes---$29,988
Insurance---$18,575
Depreciation Depletion---$8,390
Fees for Service Investment Mgmnt Fees---$5,926
Fees for Services Legal---$2,754
Conferences and Meetings---$2,422
Travel---$499
Interest---$23
Total Functional Expenses$0$0$0$1,213,351
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$161,372$161,359▼ $13
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$33,898,549
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

Part VI Line 6

“Being a credit union we have members”

Part VI Line 7A

“Board members are elected annually by members at the annual meeting”

Part VI Line 7B

“Mergers or dissolutions of the credit union requires a membership vote”

Part VI Line 11B

“The 990 is available to the board of directors for comment and corrections”

Part VI Line 12C

“The compliance officer is responsible for maintaining compliance to policy”

Part VI Line 15A or B

“Compensation and benefits ate overseen by the supervisory committee and”

Part VI Line 15A or B

“approved by the board”

Part VI Line 19

“Financial statements are presented to the members at the annual meeting,”

Part VI Line 19

“display financials in the lobby, and on the NCUA's web-sight”

Filing and Contact Details

Filer

Filer Name
MWRD Employees Credit Union
EIN
36-2261513
In Care Of
% LINDA GEERS
Phone
3127513114
Address
100 East Erie Street, Chicago, IL 60611

Signing Officer

Name
Linda Geers
Title
President
Phone
3127513114
Signed
2021-08-04

Organization Details

Principal Officer
Linda Geers
Formed
1953
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
7
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt218603
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Certificates
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Govnmt Securities
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Other Investments
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
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IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017180
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0417566
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IRS990ScheduleD/TotalLiabilityAmt033898549
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd3false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd4false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0131226
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt120365
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt21420
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt37686
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt42082
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd6false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd9false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Home Equi
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Auto
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3Personal
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0131226
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt121188
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt21420
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt313500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt42082
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0J TORRES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1N THOMAS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2D DIETZ
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3L GEERS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4L GEERS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Board
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Board
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4President
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd7false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd8false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd9false
IRS990ScheduleL/TotalBalanceDueAmt0162779
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Being a credit union we have members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are elected annually by members at the annual meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mergers or dissolutions of the credit union requires a membership vote
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 is available to the board of directors for comment and corrections
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The compliance officer is responsible for maintaining compliance to policy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation and benefits ate overseen by the supervisory committee and
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6approved by the board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Financial statements are presented to the members at the annual meeting,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8display financials in the lobby, and on the NCUA's web-sight
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part VI Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt035642066
IRS990/TotalAssetsEOYAmt039343603
IRS990/TotalAssetsGrp/BOYAmt035642066
IRS990/TotalAssetsGrp/EOYAmt039343603
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01213351
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030594401
IRS990/TotalLiabilitiesEOYAmt034018360
IRS990/TotalLiabilitiesGrp/BOYAmt030594401
IRS990/TotalLiabilitiesGrp/EOYAmt034018360
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05047665
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05325243
IRS990/TotalOtherCompensationAmt023827
IRS990/TotalProgramServiceExpensesAmt0194153
IRS990/TotalProgramServiceRevenueAmt0973344
IRS990/TotalReportableCompFromOrgAmt0122558
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01356552
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01356552
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt035642066
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039343603
IRS990/TravelGrp/TotalAmt0499
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,343,603
Liabilities
$34,018,360
Net assets
$5,325,243
Revenue
$1,356,552
Expenses
$1,213,351
Net income
$143,201
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$40.2$34.9$5.31$1.67$1.64$0.03
2023Detailed filing. Detailed filing data is available for this year.$37.5$32.3$5.25$1.56$1.38$0.18
2022Detailed filing. Detailed filing data is available for this year.$41.4$36.3$5.16$1.33$1.22$0.11
2021Detailed filing. Detailed filing data is available for this year.$42.4$37.1$5.28$1.39$1.29$0.09
2020Detailed filing. Detailed filing data is available for this year.$39.3$34.0$5.33$1.36$1.21$0.14
2019Detailed filing. Detailed filing data is available for this year.$35.6$30.6$5.05$1.34$1.18$0.16
2018Detailed filing. Detailed filing data is available for this year.$33.5$28.9$4.63$1.27$1.12$0.15
2017Detailed filing. Detailed filing data is available for this year.$33.0$28.5$4.52$1.18$1.06$0.12
2016Detailed filing. Detailed filing data is available for this year.$32.7$28.4$4.33$1.07$1.05$0.02
2015Detailed filing. Detailed filing data is available for this year.$30.2$25.8$4.43$1.08$1.07$0.01
2014Detailed filing. Detailed filing data is available for this year.$28.6$24.1$4.43$1.07$1.00$0.07
2013Detailed filing. Detailed filing data is available for this year.$26.9$22.8$4.05$1.18$1.02$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.9$22.5$4.37$1.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.1$22.0$4.17$1.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.3$21.2$4.12$1.02