Civic Intelligence

Midwest Members Credit Union

990 • Fiscal year 2020 • EIN 37-0661473

Jan 01, 2020 to Dec 31, 2020 • Filed on May 14, 2021

Organization ProfileWWW.MIDMEMBERS.ORG

View Organization Page

PO Box 619Wood River, IL 62095-0619

(618) 254-0605

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

58th percentile

21.04x

Higher debt load relative to revenue than 58% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Net Margin

74th percentile

17%

Higher net margin than 74% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

42nd percentile

$201,234

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Asset Growth

55th percentile

18%

Faster asset growth than 55% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

46th percentile

-2.8%

Faster revenue growth than 46% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$160,998,224

Up $24,201,654 (+18%) from 2019

Net Assets

Up

$12,422,434

Up $1,045,883 (+9.2%) from 2019

Liabilities

Up

$148,575,790

Up $23,155,771 (+18%) from 2019

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin74th percentile

Revenue

Down

$7,063,165

Down $204,497 (-2.8%) from 2019

Expenses

Down

$5,884,207

Down $46,628 (-0.8%) from 2019

Net Income

Down

$1,178,958

Down $157,869 (-12%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$300M$200M$100M$0Assets 2018: $128,425,665Liabilities 2018: $117,957,412Net Assets 2018: $10,468,2532018Assets 2019: $136,796,570Liabilities 2019: $125,420,019Net Assets 2019: $11,376,5512019Assets 2020: $160,998,224Liabilities 2020: $148,575,790Net Assets 2020: $12,422,4342020Assets 2021: $188,943,922Liabilities 2021: $173,706,159Net Assets 2021: $15,237,7632021Assets 2022: $194,942,200Liabilities 2022: $178,576,606Net Assets 2022: $16,365,5942022Assets 2023: $195,240,766Liabilities 2023: $175,606,878Net Assets 2023: $19,633,8882023Assets 2024: $201,637,734Liabilities 2024: $178,224,387Net Assets 2024: $23,413,3472024

Highlighted filing

2020

Assets$160,998,224
Liabilities$148,575,790
Net Assets$12,422,434
Open 2020 Filing

Operations Trend

Revenue Growth46th percentile

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

$15M$10M$5.0M$0Revenue 2018: $6,641,298Expenses 2018: $5,756,961Net Income 2018: $884,3372018Revenue 2019: $7,267,662Expenses 2019: $5,930,835Net Income 2019: $1,336,8272019Revenue 2020: $7,063,165Expenses 2020: $5,884,207Net Income 2020: $1,178,9582020Revenue 2021: $7,396,761Expenses 2021: $5,836,947Net Income 2021: $1,559,8142021Revenue 2022: $9,071,640Expenses 2022: $7,343,692Net Income 2022: $1,727,9482022Revenue 2023: $10,510,257Expenses 2023: $7,669,522Net Income 2023: $2,840,7352023Revenue 2024: $12,342,350Expenses 2024: $9,253,159Net Income 2024: $3,089,1912024

Highlighted filing

2020

Revenue$7,063,165
Expenses$5,884,207
Net Income$1,178,958
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 14, 2021
Return Version
2020v4.1
Gross Receipts
$7,063,165
Mission and Program Overview

Mission

Midwest members credit union will become the area's full service credit union of choice by providing convenient member access to a wide range of financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$108,687,469$111,356,063▲ $2,668,594
Savings and Temporary Cash Investments$16,859,835$36,956,980▲ $20,097,145
Rtn Earn Endowment Incm Other Fnds$11,376,551$12,422,434▲ $1,045,883
Land, Buildings, and Equipment, Net$4,928,827$4,816,120▼ $112,707
Prepaid Expenses and Deferred Charges$2,326,967$3,072,709▲ $745,742
Cash and Non-Interest-Bearing Accounts$2,173,008$2,476,005▲ $302,997
Investments Other Securities$58,956$451,271▲ $392,315
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$136,796,570$160,998,224▲ $24,201,654
Other Assets Total$1,761,508$1,869,076▲ $107,568
Liabilities
Other Liabilities$124,595,010$147,986,573▲ $23,391,563
Accounts Payable and Accrued Expenses$660,857$462,420▼ $198,437
Deferred Revenue$164,152$126,797▼ $37,355
Total Liabilities$125,420,019$148,575,790▲ $23,155,771
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,376,551$12,422,434▲ $1,045,883
Total Liabilities and Net Assets / Fund Balance$136,796,570$160,998,224▲ $24,201,654

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,640,157$1,596,274$5,236,431
Equipment$271,789$1,235,849$1,507,638
Land$870,320-$870,320
Other Land Buildings$33,854$119,704$153,558
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory LyonsPresident (retired 9/30/2020)FT$116,800$84,434$201,234
Louis Bicanic IiiPresident (current)FT$111,271$47,913$159,184
Timothy CarterVice President-member ServicesFT$73,854$8,488$82,342
Samantha PritchettVice President-finance & AdministrationFT$72,597$8,792$81,389
Brian NottrottDirector--$165$165
Derrick RichardsonDirector--$165$165
Donald KlotzTreasurer--$165$165
Gerard JacquinChairman--$165$165
Mark SchoenleberDirector--$165$165
Randy DuncanSecretary--$165$165
Richard BartosiakVice Chairman--$165$165
Revenue and Support

Revenue Composition

Contributions and Grants
$35,000
Program Service Revenue
$6,938,192
Investment Income
$73,008
Other Revenue
$16,965
Change in Net Assets
$1,178,958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,524,264
Salaries, Compensation, and Employee Benefits$2,316,943
Grants and Similar Amounts Paid$43,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,457,556
Fees for Services Other---$787,891
Current Officers, Directors, Trustees, and Key Employees---$525,304
Office Expenses---$376,587
Information Technology---$269,340
Occupancy---$213,421
Depreciation Depletion---$185,899
Payroll Taxes---$140,837
Other Employee Benefits---$135,431
Advertising---$100,291
Fees for Services Accounting---$82,796
Pension Plan Contributions---$57,815
Insurance---$50,219
Grants to Domestic Orgs---$40,000
Conferences and Meetings---$27,475
Other Expenses---$25,069
Fees for Services Legal---$20,955
All Other Expenses---$19,721
Grants to Domestic Individuals---$3,000
Travel---$2,867
Interest---$1,772
Total Functional Expenses$0$0$0$5,884,207
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$4,950
Total Exempt Function Spending$4,950

Section 527 Organizations

OrganizationLocationAmount
36-3092340Naperville, IL$4,100
36-3092340Naperville, IL$750
-Washington, DC$100
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$147,986,573
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
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union is mutually owned by its members.”

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

“The board of directors are elected by the credit union members.”

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

“Certain significant changes are subject to approval by the credit union members; however no such changes were made during the year.”

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

“The president reviews and approves the form 990 and makes it available to the board members upon request.”

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

“Conflict of interest policies are included in the credit union's policy manuals. Initially, all employees and board members are required sign an acknowledgment of the policies. On an annual basis, they are required to review and sign the fraud policy which outlines behaviors that would correspond with conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The compease salary administration program from hr performance solutions is used to determine all employee compensation, including the president's.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted in the credit union, presented at the annual meeting and are available upon request. In addition, the ncua website posts financial information as part of the quarterly call reports. Other documents, policies and procedures are available upon request.”

Filing and Contact Details

Filer

Filer Name
Midwest Members Credit Union
EIN
37-0661473
Phone
6182540605
Address
PO BOX 619, WOOD RIVER, IL 62095-0619

Signing Officer

Name
Louis Bicanic Iii
Title
President
Phone
6182540605
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louis Bicanic Iii
Formed
1935
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
58
Volunteers
7

Preparer

Firm
J Tenbrink & Associates
Address
11272 S RIDGEVIEW RD, OLATHE, KS 66061
Preparer
Gerald Tenbrink
Phone
9138946214
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Debit card expense 309,287. Cu online expense 183,969. Atm expense 226,425. Other professional & outside services 68,210.”

FORM 990, PART XI, LINE 9:

“Minimum pension liability adjustment -133,101.”

Raw XML AppendixShowing 400 of 467 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PrincipalOfficerNm0LOUIS BICANIC III
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2WARRANTY SALES & OTHER INSURANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04749672
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12136553
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04749672
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12186821
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21699
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt050268
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt11699
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2020, THERE WERE 8,696 LOANS OUTSTANDING TOTALING $111,751,466.
IRS990/ProgSrvcAccomActy3Grp/Desc0PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $664,724 FOR THE YEAR.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt03000
IRS990/PYInvestmentIncomeAmt0272160
IRS990/PYOtherExpensesAmt03657487
IRS990/PYOtherRevenueAmt016178
IRS990/PYProgramServiceRevenueAmt06979324
IRS990/PYRevenuesLessExpensesAmt01336827
IRS990/PYSalariesCompEmpBnftPaidAmt02270348
IRS990/PYTotalExpensesAmt05930835
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07267662
IRS990/ReconcilationRevenueExpnssAmt01178958
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt016965
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt016965
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011376551
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012422434
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016859835
IRS990/SavingsAndTempCashInvstGrp/EOYAmt036956980
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt04950
IRS990ScheduleC/PoliticalExpendituresAmt04950
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0363092340
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN1363092340
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0CREDIT UNION POLITICAL ACTION COUNCIL (CUPAC) IL
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt1ICUL-STATE LEGISLATIVE SUMMIT
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt2CREDIT UNION HOUSE
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt04100
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt1750
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt2100
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt01807 WEST DIEHL RD PO BOX 3107
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt11807 WEST DIEHL RD PO BOX 3107
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt2403 C STREET
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0NAPERVILLE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm1NAPERVILLE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm2WASHINGTON
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd1IL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd2DC
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd0605667107
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd1605667107
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd220002
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTIONS
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt04950
IRS990ScheduleD/BuildingsGrp/BookValueAmt03640157
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01596274
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05236431
IRS990ScheduleD/EquipmentGrp/BookValueAmt0271789
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01235849
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01507638
IRS990ScheduleD/LandGrp/BookValueAmt0870320
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0870320
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt033854
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0119704
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0153558
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0147986573
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04816120
IRS990ScheduleD/TotalLiabilityAmt0147986573
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0116800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1111271
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt073628
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt136168
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010806
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt111435
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt1310
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GREGORY LYONS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LOUIS BICANIC III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT (RETIRED 9/30/2020)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT (CURRENT)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0201234
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1159184
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPEASE SALARY ADMINISTRATION PROGRAM FROM HR PERFORMANCE SOLUTIONS IS USED TO DETERMINE ALL EMPLOYEE COMPENSATION, INCLUDING THE PRESIDENT'S.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS MUTUALLY OWNED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT REVIEWS AND APPROVES THE FORM 990 AND MAKES IT AVAILABLE TO THE BOARD MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICT OF INTEREST POLICIES ARE INCLUDED IN THE CREDIT UNION'S POLICY MANUALS. INITIALLY, ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED SIGN AN ACKNOWLEDGMENT OF THE POLICIES. ON AN ANNUAL BASIS, THEY ARE REQUIRED TO REVIEW AND SIGN THE FRAUD POLICY WHICH OUTLINES BEHAVIORS THAT WOULD CORRESPOND WITH CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPEASE SALARY ADMINISTRATION PROGRAM FROM HR PERFORMANCE SOLUTIONS IS USED TO DETERMINE ALL EMPLOYEE COMPENSATION, INCLUDING THE PRESIDENT'S.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION, PRESENTED AT THE ANNUAL MEETING AND ARE AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES AND PROCEDURES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DEBIT CARD EXPENSE 309,287. CU ONLINE EXPENSE 183,969. ATM EXPENSE 226,425. OTHER PROFESSIONAL & OUTSIDE SERVICES 68,210.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MINIMUM PENSION LIABILITY ADJUSTMENT -133,101.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0136796570
IRS990/TotalAssetsEOYAmt0160998224
IRS990/TotalAssetsGrp/BOYAmt0136796570
IRS990/TotalAssetsGrp/EOYAmt0160998224

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$160,998,224
Liabilities
$148,575,790
Net assets
$12,422,434
Revenue
$7,063,165
Expenses
$5,884,207
Net income
$1,178,958
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$202$178$23.4$12.3$9.25$3.09
2023Detailed filing. Detailed filing data is available for this year.$195$176$19.6$10.5$7.67$2.84
2022Detailed filing. Detailed filing data is available for this year.$195$179$16.4$9.07$7.34$1.73
2021Detailed filing. Detailed filing data is available for this year.$189$174$15.2$7.40$5.84$1.56
2020Detailed filing. Detailed filing data is available for this year.$161$149$12.4$7.06$5.88$1.18
2019Detailed filing. Detailed filing data is available for this year.$137$125$11.4$7.27$5.93$1.34
2018Detailed filing. Detailed filing data is available for this year.$128$118$10.5$6.64$5.76$0.88