Civic Intelligence

Fedcom Credit Union

990 • Fiscal year 2012 • EIN 38-0592915

Jan 01, 2012 to Dec 31, 2012 • Filed on Mar 30, 2013

Organization Profilewww.fedcomcu.com

View Organization Page

150 Ann Street NW49505
Siviq Scores

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

Liabilities / Assets

46th percentile

0.89x

Higher debt load relative to assets than 46% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

56th percentile

5.4%

Faster asset growth than 56% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$51,477,456

Up $2,652,130 (+5.4%) from 2011

Net Assets

Up

$5,591,120

Up $407,796 (+7.9%) from 2011

Liabilities

Up

$45,886,336

Up $2,244,334 (+5.1%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$2,336,851

Down $90,832 (-3.7%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$80M$60M$40M$20M$0Assets 2010: $46,899,561Liabilities 2010: $41,943,877Net Assets 2010: $4,955,6842010Assets 2011: $48,825,326Liabilities 2011: $43,642,002Net Assets 2011: $5,183,3242011Assets 2012: $51,477,456Liabilities 2012: $45,886,336Net Assets 2012: $5,591,1202012Assets 2013: $52,600,151Liabilities 2013: $46,576,742Net Assets 2013: $6,023,4092013Assets 2014: $55,316,426Liabilities 2014: $48,997,103Net Assets 2014: $6,319,3232014Assets 2015: $59,120,775Liabilities 2015: $52,495,798Net Assets 2015: $6,624,9772015Assets 2016: $62,328,465Liabilities 2016: $55,438,182Net Assets 2016: $6,890,2832016

Highlighted filing

2012

Assets$51,477,456
Liabilities$45,886,336
Net Assets$5,591,120
Open 2012 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$0Expenses 2010: $2,687,0982010Expenses 2011: $2,427,6832011Expenses 2012: $2,336,8512012Revenue 2013: $2,928,821Expenses 2013: $2,493,414Net Income 2013: $435,4072013Revenue 2014: $3,038,499Expenses 2014: $2,741,545Net Income 2014: $296,9542014Revenue 2015: $3,440,002Expenses 2015: $3,134,348Net Income 2015: $305,6542015Revenue 2016: $3,582,290Expenses 2016: $3,322,702Net Income 2016: $259,5882016

Highlighted filing

2012

Revenue-
Expenses$2,336,851
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Mar 30, 2013
Return Version
2012v2.0
Gross Receipts
$2,795,939
Mission and Program Overview

Mission

To provide competitive deposit and loan products to the membership base according to the Michigan Credit Union act.

Major Activities

Activity 2
The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2012 was 4,631.
Filing and Contact Details

Filer

EIN
38-0592915
Raw XML AppendixShowing 400 of 450 raw XML fields

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IRS990ScheduleO/GeneralExplanation/Explanation0Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.
IRS990ScheduleO/GeneralExplanation/Explanation1Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/GeneralExplanation/Explanation2Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.
IRS990ScheduleO/GeneralExplanation/Explanation3Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/GeneralExplanation/Explanation4Mergers are voted on by the entire membership.
IRS990ScheduleO/GeneralExplanation/Explanation5Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.
IRS990ScheduleO/GeneralExplanation/Explanation6Section 501c(14) Credit Union is composed of members.
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IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 11b
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 7b
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Line 7a
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990, Part VI, Line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$51,477,456
Liabilities
$45,886,336
Net assets
$5,591,120
Revenue
-
Expenses
$2,336,851
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$62.3$55.4$6.89$3.58$3.32$0.26
2015Detailed filing. Detailed filing data is available for this year.$59.1$52.5$6.62$3.44$3.13$0.31
2014Detailed filing. Detailed filing data is available for this year.$55.3$49.0$6.32$3.04$2.74$0.30
2013Detailed filing. Detailed filing data is available for this year.$52.6$46.6$6.02$2.93$2.49$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.5$45.9$5.59$2.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.8$43.6$5.18$2.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.9$41.9$4.96$2.69