Civic Intelligence

Processors-Industrial Community Credit Union

990 • Fiscal year 2015 • EIN 37-0811309

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 15, 2016

2400 Madison Avenue PO Box 1388Granite City, IL 62040

(618) 452-2752

Siviq Scores

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

Liabilities / Assets

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

8th percentile

0.17x

Higher debt load relative to revenue than 8% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Net Margin

21st percentile

-0.8%

Higher net margin than 21% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

34th percentile

$61,954

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Asset Growth

78th percentile

7.2%

Faster asset growth than 78% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

-0.3%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$10,282,590

Up $694,184 (+7.2%) from 2014

Net Assets

Up

$10,160,952

Up $643,801 (+6.8%) from 2014

Liabilities

Up

$121,638

Up $50,383 (+71%) from 2014

Revenue

Down

$718,791

Down $1,859 (-0.3%) from 2014

Expenses

Down

$724,787

Down $16,509 (-2.2%) from 2014

Net Income

Up

-$5,996

Up $14,650 (+71%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $9,264,280Liabilities 2010: $87,070Net Assets 2010: $9,177,2102010Assets 2011: $9,214,153Liabilities 2011: $63,965Net Assets 2011: $9,150,1882011Assets 2012: $9,575,145Liabilities 2012: $119,170Net Assets 2012: $9,455,9752012Assets 2013: $9,518,833Liabilities 2013: $79,384Net Assets 2013: $9,439,4492013Assets 2014: $9,588,406Liabilities 2014: $71,255Net Assets 2014: $9,517,1512014Assets 2015: $10,282,590Liabilities 2015: $121,638Net Assets 2015: $10,160,9522015Assets 2016: $10,814,146Liabilities 2016: $117,142Net Assets 2016: $10,697,0042016Assets 2017: $11,549,193Liabilities 2017: $102,205Net Assets 2017: $11,446,9882017Assets 2018: $11,176,800Liabilities 2018: $111,166Net Assets 2018: $11,065,6342018Assets 2019: $11,733,540Liabilities 2019: $100,845Net Assets 2019: $11,632,6952019Assets 2020: $13,320,729Liabilities 2020: $114,629Net Assets 2020: $13,206,1002020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2015

Assets$10,282,590
Liabilities$121,638
Net Assets$10,160,952

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $769,3582010Expenses 2011: $723,8982011Expenses 2012: $687,2442012Revenue 2013: $749,029Expenses 2013: $717,021Net Income 2013: $32,0082013Revenue 2014: $720,650Expenses 2014: $741,296Net Income 2014: -$20,6462014Revenue 2015: $718,791Expenses 2015: $724,787Net Income 2015: -$5,9962015Revenue 2016: $726,857Expenses 2016: $732,057Net Income 2016: -$5,2002016Revenue 2017: $744,630Expenses 2017: $818,109Net Income 2017: -$73,4792017Revenue 2018: $893,675Expenses 2018: $843,355Net Income 2018: $50,3202018Revenue 2019: $894,196Expenses 2019: $941,258Net Income 2019: -$47,0622019Revenue 2020: $766,924Expenses 2020: $918,622Net Income 2020: -$151,6982020Revenue 2021: $574,607Expenses 2021: $696,476Net Income 2021: -$121,8692021

Highlighted filing

2015

Revenue$718,791
Expenses$724,787
Net Income-$5,996
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 15, 2016
Return Version
2015v2.1
Gross Receipts
$718,791
Mission and Program Overview

Mission

To provide cooperative financial services for our members.

To provide cooperative financial services to the following groups, those who live or work in granite city, pontoon beach, mitchell, madison and venice. Processors-industrial community credit union also offers membership to employees of american steel, bulk service, gateway city township, gateway regional medical center, granite city library, kraft general foods, mayco, metalico, midcoast terminal, reilly industries, inc. And village of glen carbon. Membership is also offered to immediate family, household and relatives of members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$8,563,950$9,213,747▲ $649,797
Other Notes and Loans Receivable, Net$4,511,505$4,599,258▲ $87,753
Investments in Publicly Traded Securities$3,586,000$3,590,000▲ $4,000
Investments Other Securities$500,985$604,325▲ $103,340
Savings and Temporary Cash Investments$22,921$591,112▲ $568,191
Pd in Cap Srpls Land Bldg Eqp Fund$526,983$526,983→ $0
Cash and Non-Interest-Bearing Accounts$489,313$432,862▼ $56,451
Rtn Earn Endowment Incm Other Fnds$426,218$420,222▼ $5,996
Land, Buildings, and Equipment, Net$295,499$271,217▼ $24,282
Prepaid Expenses and Deferred Charges$62,610$74,326▲ $11,716
Accounts Receivable$1,917$879▼ $1,038
Total Assets$9,588,406$10,282,590▲ $694,184
Other Assets Total$117,656$118,611▲ $955
Liabilities
Accounts Payable and Accrued Expenses$68,659$119,154▲ $50,495
Other Liabilities$2,596$2,484▼ $112
Total Liabilities$71,255$121,638▲ $50,383
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,517,151$10,160,952▲ $643,801
Total Liabilities and Net Assets / Fund Balance$9,588,406$10,282,590▲ $694,184

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$189,466$287,152$476,618
Equipment$24,825$238,753$263,578
Land$56,926-$56,926
Other Securities$70,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Terri SimonTreasurerFT$61,954$61,954

Board Members and Trustees

NameTitle
J Ron PaytonBoard Chair
Bill DusenberySupervisory Chair
Jim SnelsonVice Chair/credit Comm Chair
Emmitt GlasperDirector
Jaye WoolforkDirector
Harvey Mcdonald JrSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$648,902
Investment Income
$44,059
Other Revenue
$25,830
Change in Net Assets
$-5,996
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$476,142
Salaries, Compensation, and Employee Benefits$248,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$211,976
Other Salaries and Wages---$146,507
Current Officers, Directors, Trustees, and Key Employees---$61,954
Office Expenses---$59,115
Occupancy---$55,778
Other Employee Benefits---$40,184
Depreciation Depletion---$29,129
All Other Expenses---$21,824
Other Expenses---$11,195
Travel---$502
Conferences and Meetings---$144
Interest---$67
Total Functional Expenses$0$0$0$724,787
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Dividends Payable$2,423
Other Liabilities$61
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
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 6

This entity is a credit union; therefore, all individuals who maintain an account with the credit union are required to become members.

Form 990, Part VI, Section B, Line 11

A copy of the form 990 was provided to the processors-industrial community credit union's president & treasurer for a review, approval and signature prior to filing with the internal revenue service. A complete copy is also provided to the entire board prior to filing.

Form 990, Part VI, Section B, Line 15

Persons independent of the organization's president/key employee have determined the compensation for this position based on comparability data and other factors and is approved by the board of directors.

Form 990, Part VI, Section C, Line 19

The processors-industrial community credit union makes its governing documents and financial statements available for public inspection upon the request of an individual.

Filing and Contact Details

Filer

Filer Name
Processors-industrial Community
EIN
37-0811309
Phone
6184522752
Address
2400 MADISON AVENUE PO BOX 1388, GRANITE CITY, IL 62040

Signing Officer

Name
Terri Simon
Title
Treasurer
Phone
6184522752
Signed
2016-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terri Simon
Formed
1962
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
8
Employees
7
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
600 WASHINGTON AVENUE SUITE 1800, ST LOUIS, MO 63101
Preparer
Jeff Parker
Phone
3149254300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional & outside services 211,976.

FORM 990, PART XI, LINE 9:

Increase in member shares 649,797.

FORM 990, PART XII, LINE 2C:

The audit process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Per note 1 of the audited financial statements as of june 30, 2015: the credit union follows the income tax standard for uncertain tax positions. The credit union evaluated its tax positions and determined no uncertain tax positions exist as of june 30, 2015 or 2014. The credit union's 2012 through 2014 tax years are open for examination by federal and state taxing authorities.

SCHEDULE D, PARTS XI AND XII:

Part xi - the financial statements of the processors-industrial community credit union were audited based on a fiscal year end of june 30, 2015 and this tax return is prepared on the calendar year ended december 31, 2015. Therefore, part ix has not been completed due to the differences in fiscal year ends.

Raw XML Appendix371 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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IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0CREDIT UNION POLITICAL ACTION COUNCIL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt01807 WEST DIEHL ROAD PO BOX 3107
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0NAPERVILLE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd060566
IRS990ScheduleD/BuildingsGrp/BookValueAmt0189466
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0287152
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0476618
IRS990ScheduleD/EquipmentGrp/BookValueAmt024825
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0238753
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0263578
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt056926
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt056926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02423
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt161
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DIVIDENDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0200000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1334325
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt270000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EZ LAUNCH CREDIT CARD PORTFOLIO
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER CU INVESTMENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc2MEMBERSHIP SHARES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PER NOTE 1 OF THE AUDITED FINANCIAL STATEMENTS AS OF JUNE 30, 2015: THE CREDIT UNION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF JUNE 30, 2015 OR 2014. THE CREDIT UNION'S 2012 THROUGH 2014 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PART XI - THE FINANCIAL STATEMENTS OF THE PROCESSORS-INDUSTRIAL COMMUNITY CREDIT UNION WERE AUDITED BASED ON A FISCAL YEAR END OF JUNE 30, 2015 AND THIS TAX RETURN IS PREPARED ON THE CALENDAR YEAR ENDED DECEMBER 31, 2015. THEREFORE, PART IX HAS NOT BEEN COMPLETED DUE TO THE DIFFERENCES IN FISCAL YEAR ENDS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PARTS XI AND XII:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0271217
IRS990ScheduleD/TotalBookValueSecuritiesAmt0604325
IRS990ScheduleD/TotalLiabilityAmt02484
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS ENTITY IS A CREDIT UNION; THEREFORE, ALL INDIVIDUALS WHO MAINTAIN AN ACCOUNT WITH THE CREDIT UNION ARE REQUIRED TO BECOME MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WAS PROVIDED TO THE PROCESSORS-INDUSTRIAL COMMUNITY CREDIT UNION'S PRESIDENT & TREASURER FOR A REVIEW, APPROVAL AND SIGNATURE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. A COMPLETE COPY IS ALSO PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERSONS INDEPENDENT OF THE ORGANIZATION'S PRESIDENT/KEY EMPLOYEE HAVE DETERMINED THE COMPENSATION FOR THIS POSITION BASED ON COMPARABILITY DATA AND OTHER FACTORS AND IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESSORS-INDUSTRIAL COMMUNITY CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON THE REQUEST OF AN INDIVIDUAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL & OUTSIDE SERVICES 211,976.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INCREASE IN MEMBER SHARES 649,797.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09588406
IRS990/TotalAssetsEOYAmt010282590
IRS990/TotalAssetsGrp/BOYAmt09588406
IRS990/TotalAssetsGrp/EOYAmt010282590
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt0724787
IRS990/TotalGrossUBIAmt021113
IRS990/TotalLiabilitiesBOYAmt071255
IRS990/TotalLiabilitiesEOYAmt0121638
IRS990/TotalLiabilitiesGrp/BOYAmt071255
IRS990/TotalLiabilitiesGrp/EOYAmt0121638
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09517151
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010160952
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0648902
IRS990/TotalReportableCompFromOrgAmt061954
IRS990/TotalRevenueGrp/ExclusionAmt044059
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0653619
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0718791
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt021113
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09588406
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010282590
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0502
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02400 MADISON AVENUE PO BOX 1388
IRS990/USAddress/CityNm0GRANITE CITY
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd062040
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.PICCU.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRI SIMON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06184522752
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROCESSORS-INDUSTRIAL COMMUNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0PROC
ReturnHeader/Filer/EIN0370811309
ReturnHeader/Filer/PhoneNum06184522752
ReturnHeader/Filer/USAddress/AddressLine1Txt02400 MADISON AVENUE PO BOX 1388
ReturnHeader/Filer/USAddress/CityNm0GRANITE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd062040
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 WASHINGTON AVENUE SUITE 1800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST LOUIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd063101
ReturnHeader/PreparerPersonGrp/PhoneNum03149254300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF PARKER
ReturnHeader/ReturnTs02016-05-09T16:33:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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