Civic Intelligence

Generations Credit Union

990 • Fiscal year 2011 • EIN 36-2334218

Jan 01, 2011 to Dec 31, 2011 • Filed on May 03, 2012

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

23rd percentile

0.81x

Higher debt load relative to assets than 23% of similar nonprofits.

2011 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

6th percentile

-4.3%

Faster asset growth than 6% of similar nonprofits.

2011 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$15,577,584

Down $704,509 (-4.3%) from 2010

Net Assets

Up

$2,944,840

Up $30,821 (+1.1%) from 2010

Liabilities

Down

$12,632,744

Down $735,330 (-5.5%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$772,630

Down $105,527 (-12%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

2011

Assets$15,577,584
Liabilities$12,632,744
Net Assets$2,944,840
Open 2011 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

2011

Revenue-
Expenses$772,630
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
May 3, 2012
Return Version
2011v1.2
Gross Receipts
$805,545
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 11.3% of gross income to members as a dividend to their savings accounts
Activity 3
Provided Comsumer, Home Equity, New and Used Vehicle Loans to members. In 2011 there was 538 loans granded to members and provided 315 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 the "Chairman of the Board" and the "Budget-Operations Committee" concerning the pay level and pay raise for the credit union's president. This was last done in 2011.
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IRS990ScheduleO/GeneralExplanation/Explanation0The credit union requires those who have accounts or loans to be members.
IRS990ScheduleO/GeneralExplanation/Explanation1Members vote on individuals who serve on the board of directors at the annual meeting held each year.
IRS990ScheduleO/GeneralExplanation/Explanation2Members must approve changes in by-laws or mergers.
IRS990ScheduleO/GeneralExplanation/Explanation3The 990 form is prepared by the accountant of the credit union, it is reviewed and approved by the the credit union's president for accuaracy and completiness prior to submission to the IRS.
IRS990ScheduleO/GeneralExplanation/Explanation4Form 990, Part VI, Section B, Line 12c - A 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 actural or potential conflict of interest so that a determination can be made to whether safeguards can be established to protect all parties. As employee and family members accounts are vulnerable to fraud, employees are prohibited from 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 relatives receives any payment, gift or other consideration as a result of sanction or business dealing involving Generations Credit Union you will violated this policy. If you have violated this policy, you maybe subject to disiplinary acton up to and including termination. Conflicts for employees are reviewed by CEO. The Chairman of the board would review any conflicts of interest related to the CEO. Conflicts of interest for members of 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 governing body's deliberations and decesions in transcactions.
IRS990ScheduleO/GeneralExplanation/Explanation5The position of "President" for the credit union position is reviewed and approved by the "Chairman of the Board" and the "Budget-Operations Committee" concerning the pay level and pay raise for the credit union's president. This was last done in 2011
IRS990ScheduleO/GeneralExplanation/Explanation6Websites 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/Explanation72011 had a decline of $2,094.50 in the Unrealized gain (loss) of assets available for sale securities.
IRS990ScheduleO/GeneralExplanation/Identifier0F990_P06_S0A_L06
IRS990ScheduleO/GeneralExplanation/Identifier1F990_P06_S0A_L07a
IRS990ScheduleO/GeneralExplanation/Identifier2F990_P06_S0A_L07b
IRS990ScheduleO/GeneralExplanation/Identifier3F990_P06_S0B_L11b
IRS990ScheduleO/GeneralExplanation/Identifier4F990_P06_S0B_L12c
IRS990ScheduleO/GeneralExplanation/Identifier5F990_P06_S0B_L15
IRS990ScheduleO/GeneralExplanation/Identifier6F990_P06_S0C_L19
IRS990ScheduleO/GeneralExplanation/Identifier7F990_P11_S00_L05
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 A, Line 7b
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section B, Line 11b

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$15,577,584
Liabilities
$12,632,744
Net assets
$2,944,840
Revenue
-
Expenses
$772,630
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