Civic Intelligence

Processors-Industrial Community Credit Union

990 • Fiscal year 2019 • EIN 37-0811309

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 18, 2020

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.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

8th percentile

0.11x

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

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Net Margin

9th percentile

-5.3%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

17th percentile

$45,093

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Asset Growth

74th percentile

5.0%

Faster asset growth than 74% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

0.1%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$11,733,540

Up $556,740 (+5.0%) from 2018

Net Assets

Up

$11,632,695

Up $567,061 (+5.1%) from 2018

Liabilities

Down

$100,845

Down $10,321 (-9.3%) from 2018

Revenue

Up

$894,196

Up $521 (+0.1%) from 2018

Expenses

Up

$941,258

Up $97,903 (+12%) from 2018

Net Income

Down

-$47,062

Down $97,382 (-194%) from 2018

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

2019

Assets$11,733,540
Liabilities$100,845
Net Assets$11,632,695

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

2019

Revenue$894,196
Expenses$941,258
Net Income-$47,062
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 18, 2020
Return Version
2019v5.1
Gross Receipts
$894,196
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$10,065,022$10,679,146▲ $614,124
Investments in Publicly Traded Securities$4,271,000$5,421,000▲ $1,150,000
Other Notes and Loans Receivable, Net$5,129,940$4,868,088▼ $261,852
Pd in Cap Srpls Land Bldg Eqp Fund$608,749$608,748▼ $1
Cash and Non-Interest-Bearing Accounts$518,766$392,859▼ $125,907
Savings and Temporary Cash Investments$555,501$377,616▼ $177,885
Rtn Earn Endowment Incm Other Fnds$391,863$344,801▼ $47,062
Investments Other Securities$270,005$270,005→ $0
Land, Buildings, and Equipment, Net$209,088$210,398▲ $1,310
Prepaid Expenses and Deferred Charges$60,649$41,508▼ $19,141
Accounts Receivable$5,358$5,118▼ $240
Total Assets$11,176,800$11,733,540▲ $556,740
Other Assets Total$156,493$146,948▼ $9,545
Liabilities
Accounts Payable and Accrued Expenses$89,327$78,829▼ $10,498
Other Liabilities$21,839$22,016▲ $177
Total Liabilities$111,166$100,845▼ $10,321
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,065,634$11,632,695▲ $567,061
Total Liabilities and Net Assets / Fund Balance$11,176,800$11,733,540▲ $556,740

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$142,769$365,276$508,045
Equipment$10,703$266,179$276,882
Land$56,926-$56,926
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Steve SelbyPresident/CEO/treasurerFT$45,093$45,093

Board Members and Trustees

NameTitle
William DusenberyBoard Chair
Emmitt GlasperSupervisory Chair
Jim SnelsonVice Chair
Garland HornDirector
Jaye WoolforkDirector
Harvey Mcdonald JrSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$741,602
Investment Income
$116,179
Other Revenue
$36,415
Change in Net Assets
$-47,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$657,652
Salaries, Compensation, and Employee Benefits$283,606
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$298,667
Other Salaries and Wages---$190,749
Occupancy---$61,286
Office Expenses---$59,157
Other Employee Benefits---$47,764
Current Officers, Directors, Trustees, and Key Employees---$45,093
Depreciation Depletion---$26,991
Other Expenses---$8,277
Advertising---$5,725
Travel---$1,334
Conferences and Meetings---$553
Interest---$1
Total Functional Expenses$0$0$0$941,258
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
Other Liabilities$19,325
Dividends Payable$2,654
Taxes Payable$37
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 11B

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
Steve Selby
Title
President / CEO
Phone
6184522752
Signed
2020-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Selby
Formed
1962
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
12
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
1 BRONZE POINTE, BELLEVILLE, IL 62226
Preparer
Jeff Parker
Phone
6182331200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional & outside services 240,714. Operating fees (examination/supervision) 23,533. Loan servicing 34,420.

FORM 990, PART XI, LINE 9:

Increase in member shares 614,123.

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, 2019: the credit union evaluated its tax positions and determined no uncertain tax positions exist as of june 30, 2019 or 2018.

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, 2019 and this tax return is prepared on the calendar year ended december 31, 2019. Therefore, part ix has not been completed due to the differences in fiscal year ends.

Raw XML Appendix364 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/EquipmentGrp/BookValueAmt010703
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0266179
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0276882
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt056926
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt056926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02654
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119325
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt237
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DIVIDENDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TAXES PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PER NOTE 1 OF THE AUDITED FINANCIAL STATEMENTS AS OF JUNE 30, 2019: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF JUNE 30, 2019 OR 2018.
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, 2019 AND THIS TAX RETURN IS PREPARED ON THE CALENDAR YEAR ENDED DECEMBER 31, 2019. 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/TotalBookValueLandBuildingsAmt0210398
IRS990ScheduleD/TotalLiabilityAmt022016
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 240,714. OPERATING FEES (EXAMINATION/SUPERVISION) 23,533. LOAN SERVICING 34,420.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INCREASE IN MEMBER SHARES 614,123.
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 11B
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011176800
IRS990/TotalAssetsEOYAmt011733540
IRS990/TotalAssetsGrp/BOYAmt011176800
IRS990/TotalAssetsGrp/EOYAmt011733540
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/TotalAmt0941258
IRS990/TotalGrossUBIAmt020481
IRS990/TotalLiabilitiesBOYAmt0111166
IRS990/TotalLiabilitiesEOYAmt0100845
IRS990/TotalLiabilitiesGrp/BOYAmt0111166
IRS990/TotalLiabilitiesGrp/EOYAmt0100845
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011065634
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011632695
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0741602
IRS990/TotalReportableCompFromOrgAmt045093
IRS990/TotalRevenueGrp/ExclusionAmt0116179
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0757536
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0894196
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt020481
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011176800
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011733540
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01334
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/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.PICCU.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE SELBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT / CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06184522752
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-18
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/FilingSecurityInformation/AtSubmissionCreationDeviceId00D02E0A3C8BE6705165B811C19B3E98A210D925A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03F2DB43CA241221E623067BD3BCEE0A021B9D7F2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02020-06-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:40:29
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01 BRONZE POINTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELLEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd062226
ReturnHeader/PreparerPersonGrp/PhoneNum06182331200
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF PARKER
ReturnHeader/ReturnTs02020-06-19T12:48:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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