Civic Intelligence

Gale Credit Union

990 • Fiscal year 2013 • EIN 37-0694528

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 25, 2014

Organization ProfileN/A

View Organization Page

631 N Henderson St61401

(309) 343-1777

Siviq Scores

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

Liabilities / Assets

27th percentile

0.85x

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

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

79th percentile

24.59x

Higher debt load relative to revenue than 79% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Net Margin

30th percentile

1.5%

Higher net margin than 30% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

34th percentile

$82,213

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Asset Growth

82nd percentile

5.9%

Faster asset growth than 82% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$26,367,586

Up $1,362,058 (+5.4%) from 2011

Net Assets

Up

$3,853,721

Up $49,684 (+1.3%) from 2011

Liabilities

Up

$22,513,865

Up $1,312,374 (+6.2%) from 2011

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin30th percentile

Revenue

$915,615

No earlier filing loaded for comparison.

Expenses

Down

$902,035

Down $163,038 (-15%) from 2011

Net Income

$13,580

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$60M$40M$20M$0Assets 2010: $24,768,722Liabilities 2010: $20,982,354Net Assets 2010: $3,786,3682010Assets 2011: $25,005,528Liabilities 2011: $21,201,491Net Assets 2011: $3,804,0372011Assets 2013: $26,367,586Liabilities 2013: $22,513,865Net Assets 2013: $3,853,7212013Assets 2014: $26,148,875Liabilities 2014: $22,268,162Net Assets 2014: $3,880,7132014Assets 2015: $26,804,052Liabilities 2015: $22,817,536Net Assets 2015: $3,986,5162015Assets 2016: $27,118,092Liabilities 2016: $23,353,826Net Assets 2016: $3,764,2662016Assets 2018: $25,859,159Liabilities 2018: $22,412,927Net Assets 2018: $3,446,2322018Assets 2019: $27,248,915Liabilities 2019: $23,522,654Net Assets 2019: $3,726,2612019Assets 2021: $35,515,848Liabilities 2021: $31,026,641Net Assets 2021: $4,489,2072021Assets 2024: $59,908,790Liabilities 2024: $53,010,585Net Assets 2024: $6,898,2052024

Highlighted filing

2013

Assets$26,367,586
Liabilities$22,513,865
Net Assets$3,853,721
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,190,3682010Expenses 2011: $1,065,0732011Revenue 2013: $915,615Expenses 2013: $902,035Net Income 2013: $13,5802013Revenue 2014: $933,025Expenses 2014: $906,027Net Income 2014: $26,9982014Revenue 2015: $1,086,809Expenses 2015: $980,996Net Income 2015: $105,8132015Revenue 2016: $1,242,818Expenses 2016: $1,465,037Net Income 2016: -$222,2192016Revenue 2018: $1,261,417Expenses 2018: $1,223,323Net Income 2018: $38,0942018Revenue 2019: $1,332,994Expenses 2019: $1,052,965Net Income 2019: $280,0292019Revenue 2021: $1,613,821Expenses 2021: $1,183,611Net Income 2021: $430,2102021Revenue 2024: $3,666,245Expenses 2024: $3,198,137Net Income 2024: $468,1082024

Highlighted filing

2013

Revenue$915,615
Expenses$902,035
Net Income$13,580
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 25, 2014
Return Version
2013v3.1
Gross Receipts
$915,615
Mission and Program Overview

Mission

To promote thrift and to provide the highest quality competitive services and benefits to its members, while assuring the credit union's long-term financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$11,329,675$10,470,780▼ $858,895
Investments in Publicly Traded Securities$7,331,419$9,318,382▲ $1,986,963
Savings and Temporary Cash Investments$4,494,550$5,227,579▲ $733,029
Rtn Earn Endowment Incm Other Fnds$3,840,162$3,853,721▲ $13,559
Land, Buildings, and Equipment, Net$539,307$514,354▼ $24,953
Cash and Non-Interest-Bearing Accounts$842,719$503,743▼ $338,976
Prepaid Expenses and Deferred Charges$71,469$54,970▼ $16,499
Total Assets$24,907,465$26,367,586▲ $1,460,121
Other Assets Total$298,326$277,778▼ $20,548
Liabilities
Other Liabilities$21,009,611$22,487,809▲ $1,478,198
Accounts Payable and Accrued Expenses$57,692$26,056▼ $31,636
Total Liabilities$21,067,303$22,513,865▲ $1,446,562
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,840,162$3,853,721▲ $13,559
Total Liabilities and Net Assets / Fund Balance$24,907,465$26,367,586▲ $1,460,121

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$364,730$258,380$623,110
Equipment$52,313$485,095$537,408
Land$97,311-$97,311
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer RogersCu President/treasurerFT$76,152$6,061$82,213

Board Members and Trustees

NameTitle
Michelle ReyburnChairperson
Linda TownsendVice-chairperson
Cassandra RoseDirector
Christine PepmeyerDirector
James McnabbDirector
Julie MainDirector
Linda StoopsDirector
Michael ShepherdDirector
Michael ShumakerDirector
Rosemary SherwoodSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$701,580
Investment Income
$214,035
Other Revenue
$0
Change in Net Assets
$13,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$526,972
Salaries, Compensation, and Employee Benefits$375,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$233,952
Office Expenses---$153,048
Other Expenses---$85,097
Current Officers, Directors, Trustees, and Key Employees---$82,213
Information Technology---$53,145
Occupancy---$40,614
Fees for Services Other---$37,834
Depreciation Depletion---$35,768
Payroll Taxes---$27,165
Fees for Services Accounting---$26,456
Insurance---$21,587
Other Employee Benefits---$19,210
All Other Expenses---$14,248
Advertising---$12,801
Pension Plan Contributions---$12,523
Conferences and Meetings---$6,191
Total Functional Expenses$0$0$0$902,035
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Accounts$22,487,809
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 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
Yes
Management duties delegated
No
Filing and Contact Details

Filer

EIN
37-0694528
Phone
3093431777

Signing Officer

Name
Jennifer Rogers
Title
President
Phone
3093431777
Signed
2014-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Rogers
Formed
1947
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
10
Employees
10
Volunteers
9

Preparer

Preparer
Brent J Lively
Phone
2178249661
Supplemental Narrative

Additional Explanations

Pt VI, Line 4

“The credit union amended its by-laws to decrease the number of directors”

Pt VI, Line 4

“And amended its field of membership.”

Pt VI, Line 6

“The credit union is a member owned financial institution.”

Pt VI, Line 7A

“The governing body is elected from and by the membership annually.”

Pt VI, Line 7B

“From time to time, certain decisions will be presented to the membership”

Pt VI, Line 7B

“For a vote, which is determined on a case by case basis.”

Pt VI, Line 11B

“Copies of the final form 990 and schedules were made available to”

Pt VI, Line 11B

“Each board member prior to being filed with the irs. Board members”

Pt VI, Line 11B

“Were asked to review the return individually and to contact the return”

Pt VI, Line 11B

“Preparer, other board members, or executive officers with any”

Pt VI, Line 11B

“QUESTIONS OR CONCERNS.”

Pt VI, Line 12C

“The credit union enforces the conflict of interest policy through”

Pt VI, Line 12C

“Awareness and review of affirmation forms for suspicious activity.”

Pt VI, Line 19

“The credit union's governing documents, conflict of interest policy”

Pt VI, Line 19

“And financial statements are avaiable to the public upon request.”

Form 990, Part IX, Line 24F

“Dues 12787. Miscellaneous 1461.”

Raw XML Appendix366 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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IRS990ScheduleD/LandGrp/BookValueAmt097311
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt097311
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022487809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE ACCOUNTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0514354
IRS990ScheduleD/TotalLiabilityAmt022487809
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION AMENDED ITS BY-LAWS TO DECREASE THE NUMBER OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AND AMENDED ITS FIELD OF MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS A MEMBER OWNED FINANCIAL INSTITUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY IS ELECTED FROM AND BY THE MEMBERSHIP ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FROM TIME TO TIME, CERTAIN DECISIONS WILL BE PRESENTED TO THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FOR A VOTE, WHICH IS DETERMINED ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COPIES OF THE FINAL FORM 990 AND SCHEDULES WERE MADE AVAILABLE TO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7EACH BOARD MEMBER PRIOR TO BEING FILED WITH THE IRS. BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8WERE ASKED TO REVIEW THE RETURN INDIVIDUALLY AND TO CONTACT THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PREPARER, OTHER BOARD MEMBERS, OR EXECUTIVE OFFICERS WITH ANY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10QUESTIONS OR CONCERNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11THE CREDIT UNION ENFORCES THE CONFLICT OF INTEREST POLICY THROUGH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12AWARENESS AND REVIEW OF AFFIRMATION FORMS FOR SUSPICIOUS ACTIVITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13THE CREDIT UNION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14AND FINANCIAL STATEMENTS ARE AVAIABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15DUES 12787. MISCELLANEOUS 1461.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024907465
IRS990/TotalAssetsEOYAmt026367586
IRS990/TotalAssetsGrp/BOYAmt024907465
IRS990/TotalAssetsGrp/EOYAmt026367586
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/TotalAmt0902035
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021067303
IRS990/TotalLiabilitiesEOYAmt022513865
IRS990/TotalLiabilitiesGrp/BOYAmt021067303
IRS990/TotalLiabilitiesGrp/EOYAmt022513865
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03840162
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03853721
IRS990/TotalOtherCompensationAmt06061
IRS990/TotalProgramServiceRevenueAmt0701580
IRS990/TotalReportableCompFromOrgAmt076152
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0915615
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0915615
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024907465
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt026367586
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10631 N HENDERSON ST
IRS990/USAddress/City0GALESBURG
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode061401
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER ROGERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03093431777
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine10GALE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0GALE
ReturnHeader/Filer/EIN0370694528
ReturnHeader/Filer/PhoneNum03093431777
ReturnHeader/Filer/USAddress/AddressLine10631 N HENDERSON ST
ReturnHeader/Filer/USAddress/City0GALESBURG
ReturnHeader/Filer/USAddress/State0IL
ReturnHeader/Filer/USAddress/ZIPCode061401
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10LMHN LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10900 N Webster St PO Box 87
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Taylorville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode062568
ReturnHeader/PreparerPersonGrp/PhoneNum02178249661
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT J LIVELY
ReturnHeader/ReturnTs02014-05-09T05:53:29-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,367,586
Liabilities
$22,513,865
Net assets
$3,853,721
Revenue
$915,615
Expenses
$902,035
Net income
$13,580
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.9$53.0$6.90$3.67$3.20$0.47
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.5$31.0$4.49$1.61$1.18$0.43
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.2$23.5$3.73$1.33$1.05$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.9$22.4$3.45$1.26$1.22$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.1$23.4$3.76$1.24$1.47$0.22
2015Detailed filing. Detailed filing data is available for this year.$26.8$22.8$3.99$1.09$0.98$0.11
2014Detailed filing. Detailed filing data is available for this year.$26.1$22.3$3.88$0.93$0.91$0.03
2013Detailed filing. Detailed filing data is available for this year.$26.4$22.5$3.85$0.92$0.90$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.0$21.2$3.80$1.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$21.0$3.79$1.19