Civic Intelligence

Generations Credit Union

990 • Fiscal year 2010 • EIN 36-2334218

Jan 01, 2010 to Dec 31, 2010 • Filed on May 03, 2011

Organization Profilewww.generationscu.org

View Organization Page

5618 Harrison Ave61108-8110
Siviq Scores

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

Liabilities / Assets

27th percentile

0.82x

Higher debt load relative to assets than 27% of similar nonprofits.

2010 filings • 501(c)14 • $10M-$25M 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 / Assets27th percentile

Assets

$16,282,093

No earlier filing loaded for comparison.

Net Assets

$2,914,019

No earlier filing loaded for comparison.

Liabilities

$13,368,074

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$878,157

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.

$30M$20M$10M$0Assets 2010: $16,282,093Liabilities 2010: $13,368,074Net Assets 2010: $2,914,0192010Assets 2011: $15,577,584Liabilities 2011: $12,632,744Net Assets 2011: $2,944,8402011Assets 2012: $16,155,703Liabilities 2012: $13,189,742Net Assets 2012: $2,965,9612012Assets 2013: $16,040,379Liabilities 2013: $13,070,722Net Assets 2013: $2,969,6572013Assets 2014: $16,311,161Liabilities 2014: $13,330,395Net Assets 2014: $2,980,7662014Assets 2015: $17,992,128Liabilities 2015: $15,036,466Net Assets 2015: $2,955,6622015Assets 2016: $18,529,687Liabilities 2016: $15,736,701Net Assets 2016: $2,792,9862016Assets 2017: $18,325,974Liabilities 2017: $15,503,926Net Assets 2017: $2,822,0482017Assets 2018: $18,562,989Liabilities 2018: $15,723,328Net Assets 2018: $2,839,6612018Assets 2019: $18,490,100Liabilities 2019: $15,597,179Net Assets 2019: $2,892,9212019Assets 2021: $21,344,613Liabilities 2021: $18,170,303Net Assets 2021: $3,174,3102021Assets 2022: $21,406,121Liabilities 2022: $18,130,068Net Assets 2022: $3,276,0532022Assets 2024: $22,538,928Liabilities 2024: $19,125,517Net Assets 2024: $3,413,4112024

Highlighted filing

2010

Assets$16,282,093
Liabilities$13,368,074
Net Assets$2,914,019
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $878,1572010Expenses 2011: $772,6302011Expenses 2012: $739,9382012Revenue 2013: $734,388Expenses 2013: $722,686Net Income 2013: $11,7022013Revenue 2014: $687,358Expenses 2014: $674,017Net Income 2014: $13,3412014Revenue 2015: $698,545Expenses 2015: $720,980Net Income 2015: -$22,4352015Revenue 2016: $749,596Expenses 2016: $910,775Net Income 2016: -$161,1792016Revenue 2017: $794,608Expenses 2017: $764,725Net Income 2017: $29,8832017Revenue 2018: $838,600Expenses 2018: $820,417Net Income 2018: $18,1832018Revenue 2019: $900,413Expenses 2019: $847,057Net Income 2019: $53,3562019Revenue 2021: $1,101,938Expenses 2021: $859,014Net Income 2021: $242,9242021Revenue 2022: $938,123Expenses 2022: $836,340Net Income 2022: $101,7832022Revenue 2024: $1,162,673Expenses 2024: $1,126,847Net Income 2024: $35,8262024

Highlighted filing

2010

Revenue-
Expenses$878,157
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
May 3, 2011
Return Version
2010v3.2
Gross Receipts
$838,841
Mission and Program Overview

Mission

To assist our members in the management of their financial well-being by providing quality low cost loans, a variety of savings accounts and other financial institution services in a friendly and professsional manner.

Major Activities

Activity 2
Returned 20.3% of the gross income to members as a dividend to their savings accounts.
Activity 3
Provided consumer, home equity, new and used vehicle loans, and mortgage loans to members. In 2010 there was 617 loans granted to members and provided 314 members with Visa Cards.
Filing and Contact Details

Filer

EIN
36-2334218
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0The position of "President" for the credit union position is reviewed and approved by "Chairman of the Borad" and the "Budget-Operations Committee" concering pay level and pay raises for the credit union's president. This was last done in 2010.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0SchJ_P01_S00_L03
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IRS990ScheduleO/GeneralExplanation/Explanation0The branch office in Belvidere, IL was closed on March 31, 2010 due to low business activity. This business in now handled at the Rockford, IL main office.
IRS990ScheduleO/GeneralExplanation/Explanation1The credit union requires those who have accounts or loans to be members.
IRS990ScheduleO/GeneralExplanation/Explanation2Members vote on individuals who serve on the board of directors at the annual meeting held each year.
IRS990ScheduleO/GeneralExplanation/Explanation3Members must approve changes in by-laws or mergers.
IRS990ScheduleO/GeneralExplanation/Explanation4The 990 form is prepared by the accountant of the credit union, reviewed and approved by the credit union's president for accuracy and completeness prior to submission to the IRS.
IRS990ScheduleO/GeneralExplanation/Explanation5A conflict of interest occurs when you are in a position to influence a company transactions that may result in a personal gain to you or a "relative". For this purpose, a "relative" is any person who is related to you by blood or marriage, or with whom you are cohabitating. It is imperative that you disclose to the President/CEO as soon as possible the existence of an actual or potential conflict of interest so that a determination can be made as to whether safeguards can be established to protect all parties. As employee and family members accounts are vulnerable to fraud, employees are prohibited form posting transactions to their own accounts. Due to the limitation of our staff size, staff is directed to the extent possible to avoid posting transactions to family members accounts. If you or a relative receives any payment, gift or other consideration as a result of saction or business dealing involving Generations Credit Union you will have violated this policy. If you have violatred this policy, you maybe subject to disciplinary acton up to and including termination. Conflicts for employees are reviewed by CEO. The Chairman of the board would review any conflict of interest related to the CEO. Conflicts of interest for members of the board would be reviewed by the Chairman of the Board and the Supervisor Committee. If there is a conflict of interest with any of the above, these individuals would be prohibited from particpating in the gorvering body's deliberations and decesions in the transactions.
IRS990ScheduleO/GeneralExplanation/Explanation6The position of "President" for the credit union position is reviewed and approved by "Chairman of the Board" and the "Budget-Operations Committee" concerning pay level and pay raises for the credit union"s president. This was last done in 2010.
IRS990ScheduleO/GeneralExplanation/Explanation7Websites are posted on the credit unions bulletin board that contain the governing documents, conflict of interest and financial reports for the credit union.
IRS990ScheduleO/GeneralExplanation/Explanation8Unrealized gain on assets available for sale is $637
IRS990ScheduleO/GeneralExplanation/Identifier0F990_P03_S00_L03
IRS990ScheduleO/GeneralExplanation/Identifier1F990_P06_S0A_L06
IRS990ScheduleO/GeneralExplanation/Identifier2F990_P06_S0A_L07a
IRS990ScheduleO/GeneralExplanation/Identifier3F990_P06_S0A_L07b
IRS990ScheduleO/GeneralExplanation/Identifier4F990_P06_S0B_L11a
IRS990ScheduleO/GeneralExplanation/Identifier5F990_P06_S0B_L12c
IRS990ScheduleO/GeneralExplanation/Identifier6F990_P06_S0B_L15
IRS990ScheduleO/GeneralExplanation/Identifier7F990_P06_S0C_L19
IRS990ScheduleO/GeneralExplanation/Identifier8F990_P11_S00_L05
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part III, Line 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section A, Line 7b

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$16,282,093
Liabilities
$13,368,074
Net assets
$2,914,019
Revenue
-
Expenses
$878,157
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.5$19.1$3.41$1.16$1.13$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$18.1$3.28$0.94$0.84$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.3$18.2$3.17$1.10$0.86$0.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$15.6$2.89$0.90$0.85$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$15.7$2.84$0.84$0.82$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$15.5$2.82$0.79$0.76$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$15.7$2.79$0.75$0.91$0.16
2015Detailed filing. Detailed filing data is available for this year.$18.0$15.0$2.96$0.70$0.72$0.02
2014Detailed filing. Detailed filing data is available for this year.$16.3$13.3$2.98$0.69$0.67$0.01
2013Detailed filing. Detailed filing data is available for this year.$16.0$13.1$2.97$0.73$0.72$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$13.2$2.97$0.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$12.6$2.94$0.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$13.4$2.91$0.88