Civic Intelligence

Quad Cities Postal Credit Union

EIN 36-2423566 • 501(c)14 • Moline, IL

Profile

Credit Union Member Services to assist our members in the management of their financial well being by providing loans savings accounts and other financial institution services in a professional manner.

4502 27th StreetMoline, IL 61265

www.qcpcu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

0.96x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

33.00x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2022

Net Margin

1st percentile

-100%

Higher net margin than 1% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

29th percentile

$42,400

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

501(c)14 • $5M-$10M nonprofits • Source year 2022

Asset Growth

40th percentile

-3.0%

Faster asset growth than 40% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

7th percentile

-29%

Faster revenue growth than 7% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$8,213,265

Down $254,445 (-3.0%) from 2021

Liabilities

Down

$7,860,578

Down $16,375 (-0.2%) from 2021

Net Assets

Down

$352,687

Down $238,070 (-40%) from 2021

Revenue

Down

$238,220

Down $96,152 (-29%) from 2021

Expenses

Up

$476,290

Up $79,385 (+20%) from 2021

Net Income

Down

-$238,070

Down $175,537 (-281%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $5,847,083Liabilities 2010: $5,157,338Net Assets 2010: $689,7452010Assets 2017: $6,866,567Liabilities 2017: $6,143,384Net Assets 2017: $723,1832017Assets 2018: $6,927,656Liabilities 2018: $6,196,857Net Assets 2018: $730,7992018Assets 2019: $6,825,377Liabilities 2019: $6,125,315Net Assets 2019: $700,0622019Assets 2020: $7,596,496Liabilities 2020: $6,943,206Net Assets 2020: $653,2902020Assets 2021: $8,467,710Liabilities 2021: $7,876,953Net Assets 2021: $590,7572021Assets 2022: $8,213,265Liabilities 2022: $7,860,578Net Assets 2022: $352,6872022

Highlighted filing

2022

Assets$8,213,265
Liabilities$7,860,578
Net Assets$352,687

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KExpenses 2010: $360,7752010Revenue 2017: $328,710Expenses 2017: $326,328Net Income 2017: $2,3822017Revenue 2018: $332,407Expenses 2018: $324,791Net Income 2018: $7,6162018Revenue 2019: $327,229Expenses 2019: $357,966Net Income 2019: -$30,7372019Revenue 2020: $300,499Expenses 2020: $347,271Net Income 2020: -$46,7722020Revenue 2021: $334,372Expenses 2021: $396,905Net Income 2021: -$62,5332021Revenue 2022: $238,220Expenses 2022: $476,290Net Income 2022: -$238,0702022

Highlighted filing

2022

Revenue$238,220
Expenses$476,290
Net Income-$238,070

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 10, 2023
Return Version
2022v5.0
Gross Receipts
$238,220
Mission and Program Overview

Mission

Credit Union Member Services to assist our members in the management of their financial well being by providing loans savings accounts and other financial institution services in a professional manner.

Credit Union Member Services to assist our members in the management of their financial well-being by providing loans, savings accounts and other financial institution services in a professional manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,910,437$3,716,366▲ $805,929
Other Notes and Loans Receivable, Net$3,248,037$2,904,250▼ $343,787
Investments Other Securities$1,686,797$944,084▼ $742,713
Land, Buildings, and Equipment, Net$327,172$310,651▼ $16,521
Cash and Non-Interest-Bearing Accounts$201,784$237,035▲ $35,251
Rtn Earn Endowment Incm Other Fnds$438,258$200,188▼ $238,070
Pd in Cap Srpls Land Bldg Eqp Fund$152,499$152,499→ $0
Prepaid Expenses and Deferred Charges$12,000$13,115▲ $1,115
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,467,710$8,213,265▼ $254,445
Other Assets Total$81,483$87,764▲ $6,281
Liabilities
Other Liabilities$7,866,185$7,830,319▼ $35,866
Accounts Payable and Accrued Expenses$10,768$30,259▲ $19,491
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$7,876,953$7,860,578▼ $16,375
Net Assets / Fund Balance
Total Net Assets Fund Balance$590,757$352,687▼ $238,070
Total Liabilities and Net Assets / Fund Balance$8,467,710$8,213,265▼ $254,445

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$46,737$237,010$283,747
Buildings$138,914$126,336$265,250
Land$125,000-$125,000
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Other Securities$11,882--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Seth Guss-BellPresidentFT$42,400$42,400

Board Members and Trustees

NameTitle
Ronald StaggChairman
Jean DePauwVice Chairperson/Secretary
Brenda TrentDirector
Jenna HappelDirector
Mary LappeDirector
Norman SlatenDirector
Pamela GalvinDirector
Pamela GreenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$215,505
Investment Income
$22,715
Other Revenue
$0
Change in Net Assets
$-238,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$387,851
Salaries, Compensation, and Employee Benefits$88,439
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$342,226
Current Officers, Directors, Trustees, and Key Employees---$42,400
Occupancy---$39,828
Other Salaries and Wages---$39,196
Payroll Taxes---$6,843
Other Expenses---$5,626
Advertising---$121
Travel---$50
Total Functional Expenses$0$0$0$476,290
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member deposits payable$7,818,243
Accrued Property Tax$11,732
Interest and dividends payable$344
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

All assets from Quad Cities Postal Credit Union were absorbed by Gas & Electric Credit Union upon completion of the merger effective October 1st, 2022.

Form 990, Part VI, Section A, Line 5

A special meeting of the membership took place August 4th, 2022 to discuss the merger between QCPCU and GECU. The vote amongst those present was unanimous in favor of the merger.

Form 990, Part VI, Section A, Line 6

The Credit Union has 710 members.

Form 990, Part VI, Section A, Line 7A

The Credit Union holds an annual meeting where the Board of Directors are elected.

Form 990, Part VI, Section B, Line 11B

Form 990 is completed and reviewed by the President/CEO before filing.

Form 990, Part VI, Section B, Line 12C

When a new vendor is added, the board reviews any conflicts at that time.

Form 990, Part VI, Section C, Line 19

Financial statements are posted monthly in the Credit Union Lobby, detailed financial information is available quarterly on NCUA website, all other information by request at Credit Union.

Filing and Contact Details

Filer

Filer Name
Quad Cities Postal Credit Union
EIN
36-2423566
Phone
3097971414
Address
4502 27th Street, Moline, IL 61265

Signing Officer

Name
Seth Guss-Bell
Title
President/CEO
Phone
3097971414
Signed
2023-04-10

Organization Details

Principal Officer
Seth Guss-Bell
Formed
1938
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
8
Employees
4
Volunteers
8
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Quad Cities Postal Credit Union completed a merger with Gas & Electric Credit Union. Gas & Electric Credit Union is the continuing credit union.

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IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Interest on loans
IRS990/ProgramServiceRevenueGrp/Desc1Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc2Other Charges
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0156776
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt137153
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt221576
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0156776
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt137153
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221576
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt018924
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0273718
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0315448
IRS990/PYRevenuesLessExpensesAmt0-62533
IRS990/PYSalariesCompEmpBnftPaidAmt0123187
IRS990/PYTotalExpensesAmt0396905
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0334372
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-238070
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0238221
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0438258
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0200188
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02910437
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03716366
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0138914
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0126336
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0265250
IRS990ScheduleD/EquipmentGrp/BookValueAmt046737
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0237010
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0283747
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0125000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0125000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07818243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt211732
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member deposits payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Interest and dividends payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Accrued Property Tax
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0932202
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt111882
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALLOYA CCU
IRS990ScheduleD/OtherSecuritiesGrp/Desc1ALLOYA PCB
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0310651
IRS990ScheduleD/TotalBookValueSecuritiesAmt0944084
IRS990ScheduleD/TotalLiabilityAmt07830319
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Quad Cities Postal Credit Union completed a merger with Gas & Electric Credit Union. Gas & Electric Credit Union is the continuing credit union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All assets from Quad Cities Postal Credit Union were absorbed by Gas & Electric Credit Union upon completion of the merger effective October 1st, 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A special meeting of the membership took place August 4th, 2022 to discuss the merger between QCPCU and GECU. The vote amongst those present was unanimous in favor of the merger.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Credit Union has 710 members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Credit Union holds an annual meeting where the Board of Directors are elected.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990 is completed and reviewed by the President/CEO before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6When a new vendor is added, the board reviews any conflicts at that time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Financial statements are posted monthly in the Credit Union Lobby, detailed financial information is available quarterly on NCUA website, all other information by request at Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08467710
IRS990/TotalAssetsEOYAmt08213265
IRS990/TotalAssetsGrp/BOYAmt08467710
IRS990/TotalAssetsGrp/EOYAmt08213265
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0476290
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07876953

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