Civic Intelligence

Generations Credit Union

990 • Fiscal year 2012 • EIN 36-2334218

Jan 01, 2012 to Dec 31, 2012 • Filed on May 14, 2013

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

0.82x

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

2012 filings • 501(c)14 • $10M-$25M 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

50th percentile

3.7%

Faster asset growth than 50% of similar nonprofits.

2012 filings • 501(c)14 • $10M-$25M 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 / Assets23rd percentile

Assets

Up

$16,155,703

Up $578,119 (+3.7%) from 2011

Net Assets

Up

$2,965,961

Up $21,121 (+0.7%) from 2011

Liabilities

Up

$13,189,742

Up $556,998 (+4.4%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$739,938

Down $32,692 (-4.2%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2012

Assets$16,155,703
Liabilities$13,189,742
Net Assets$2,965,961
Open 2012 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

2012

Revenue-
Expenses$739,938
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 14, 2013
Return Version
2012v2.0
Gross Receipts
$772,250
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 9.1% of gross income to members as a dividend to their savings.
Activity 3
Provided Consumer, Home Equity, New and Used Vehicle Loans to members. In 2012 there was 565 loans granted to members and provided 318 members with Visa Cards.
Filing and Contact Details

Filer

EIN
36-2334218
Raw XML AppendixShowing 400 of 487 raw XML fields

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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0The position of "President" for the credit union 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.
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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 return is prepared by the credit union's accountant, it is than reviewed and approved by the credit union's president for accuracy and completness prior to submission to the IRS
IRS990ScheduleO/GeneralExplanation/Explanation4A conflict of interest occurs when you are in a position to influence the credit unions 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 importantthat you disclose to the Presdent/CEO as soon as possible the existence of and actual 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 relative receives any payment, gift or or other consideration as a result of a sanction or business dealing involving Generations Credit Union, you will have violated this policy. If you have violated tlhis policy, you maybe subject to disciplinary action up to and including termination. Conflicts for employees are reviewed by the CEO. The Chairman of the Bard would review any conflicts 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 individual would be prohibited from particpating in the governing body's deliberations and decesions in transactions.
IRS990ScheduleO/GeneralExplanation/Explanation5The position of "Presdient" for the credit union positon 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 2012.
IRS990ScheduleO/GeneralExplanation/Explanation6The credit union posts on the website bulletin board information containing the governing documents, conflict of interest and financial reports for public viewing.
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/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
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Section C, Line 19

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$16,155,703
Liabilities
$13,189,742
Net assets
$2,965,961
Revenue
-
Expenses
$739,938
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