Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2013 • EIN 38-0893210

Feb 01, 2013 to Dec 31, 2013 • Filed on Nov 14, 2014

106 N Marketplace BoulevardLansing, MI 48917

(517) 622-6600

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.88x

Higher debt load relative to assets than 32% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Liabilities / Revenue

59th percentile

18.46x

Higher debt load relative to revenue than 59% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Net Margin

23rd percentile

8.4%

Higher net margin than 23% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Top Officer Pay

39th percentile

$325,230

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Asset Growth

Score unavailable

No value available

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

Source year 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

$560,969,173

No earlier filing loaded for comparison.

Net Assets

$65,228,023

No earlier filing loaded for comparison.

Liabilities

$495,741,150

No earlier filing loaded for comparison.

Revenue

$26,858,934

No earlier filing loaded for comparison.

Expenses

$24,594,687

No earlier filing loaded for comparison.

Net Income

$2,264,247

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5B$1.0B$500M$0Assets 2013: $560,969,173Liabilities 2013: $495,741,150Net Assets 2013: $65,228,0232013Assets 2014: $573,814,707Liabilities 2014: $506,146,811Net Assets 2014: $67,667,8962014Assets 2015: $600,395,423Liabilities 2015: $531,003,880Net Assets 2015: $69,391,5432015Assets 2016: $631,710,317Liabilities 2016: $560,085,303Net Assets 2016: $71,625,0142016Assets 2017: $644,654,560Liabilities 2017: $570,875,044Net Assets 2017: $73,779,5162017Assets 2018: $693,824,120Liabilities 2018: $614,470,237Net Assets 2018: $79,353,8832018Assets 2019: $746,558,780Liabilities 2019: $658,694,389Net Assets 2019: $87,864,3912019Assets 2020: $848,413,090Liabilities 2020: $754,878,495Net Assets 2020: $93,534,5952020Assets 2021: $943,734,939Liabilities 2021: $840,679,903Net Assets 2021: $103,055,0362021Assets 2022: $986,262,376Liabilities 2022: $883,830,199Net Assets 2022: $102,432,1772022Assets 2023: $1,029,416,440Liabilities 2023: $924,112,202Net Assets 2023: $105,304,2382023Assets 2024: $1,129,173,408Liabilities 2024: $915,774,042Net Assets 2024: $213,399,3662024

Highlighted filing

2013

Assets$560,969,173
Liabilities$495,741,150
Net Assets$65,228,023

Operations Trend

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

$200M$150M$100M$50M$0Revenue 2013: $26,858,934Expenses 2013: $24,594,687Net Income 2013: $2,264,2472013Revenue 2014: $30,044,228Expenses 2014: $27,301,910Net Income 2014: $2,742,3182014Revenue 2015: $32,580,239Expenses 2015: $29,621,322Net Income 2015: $2,958,9172015Revenue 2016: $32,848,903Expenses 2016: $30,259,432Net Income 2016: $2,589,4712016Revenue 2017: $33,764,503Expenses 2017: $30,764,927Net Income 2017: $2,999,5762017Revenue 2018: $38,286,566Expenses 2018: $32,982,472Net Income 2018: $5,304,0942018Revenue 2019: $43,479,866Expenses 2019: $35,430,696Net Income 2019: $8,049,1702019Revenue 2020: $44,633,555Expenses 2020: $37,978,336Net Income 2020: $6,655,2192020Revenue 2021: $46,684,897Expenses 2021: $37,007,507Net Income 2021: $9,677,3902021Revenue 2022: $51,596,579Expenses 2022: $43,349,555Net Income 2022: $8,247,0242022Revenue 2023: $64,543,625Expenses 2023: $57,206,143Net Income 2023: $7,337,4822023Revenue 2024: $177,489,649Expenses 2024: $69,496,099Net Income 2024: $107,993,5502024

Highlighted filing

2013

Revenue$26,858,934
Expenses$24,594,687
Net Income$2,264,247
Jump To
Filing Snapshot
Filing Period
Feb 1, 2013 to Dec 31, 2013
Signed
Nov 14, 2014
Return Version
2013v3.0
Gross Receipts
$81,169,269
Mission and Program Overview

Mission

While promoting the credit union philosophy, we are committed to providing financial services for the changing needs of our members and helping them obtain personal financial security.

Cooperative financial institution - credit union providing loans and savings products and services to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$300,883,269$320,705,248▲ $19,821,979
Investments Other Securities$151,995,955$146,522,885▼ $5,473,070
Rtn Earn Endowment Incm Other Fnds$62,304,200$65,228,023▲ $2,923,823
Savings and Temporary Cash Investments$39,769,957$47,742,206▲ $7,972,249
Land, Buildings, and Equipment, Net$17,678,494$19,338,835▲ $1,660,341
Cash and Non-Interest-Bearing Accounts$8,200,696$9,165,288▲ $964,592
Prepaid Expenses and Deferred Charges$822,307$1,280,525▲ $458,218
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Accounts Receivable$1,115,146$-74,402▼ $1,189,548
Total Assets$533,774,680$560,969,173▲ $27,194,493
Other Assets Total$13,308,856$16,288,588▲ $2,979,732
Liabilities
Other Liabilities$456,792,378$484,559,495▲ $27,767,117
Accounts Payable and Accrued Expenses$14,678,102$11,181,655▼ $3,496,447
Total Liabilities$471,470,480$495,741,150▲ $24,270,670
Net Assets / Fund Balance
Total Net Assets Fund Balance$62,304,200$65,228,023▲ $2,923,823
Total Liabilities and Net Assets / Fund Balance$533,774,680$560,969,173▲ $27,194,493

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,089,442$3,401,966$17,491,408
Equipment$1,399,723$6,115,742$7,515,465
Land$3,849,670-$3,849,670
Other Securities$834,100--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robin FrucciCEOFT$277,551$47,679$325,230
Patrick SpykeEvpFT$124,137$39,398$163,535
Brian WixsonCIOFT$111,985$42,320$154,305
Tamela McphersonCFOFT$109,537$42,803$152,340
Donald KillianControllerFT$111,235$35,807$147,042
Ronald DarlingSVP-lending OperationsFT$108,209$31,801$140,010
Sharon GillisonSVP-human ResourcesFT$113,510$21,250$134,760

Board Members and Trustees

NameTitle
Harold FosterBoard President
Melvin PlaceBoard Vice-president
John LewisBoard Member
Paulette WarrenBoard Member
Tom CulpepperBoard Member
Tom MartinsonBoard Secretary
Jere AuvenshineBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Member Driven TechnologiesCore System Platform-$748,907
Informa Business SystemsInteractive Teller Units-$451,775
DieboldAtm Servicing-$447,217
Harmon Management LLCConstruction-$423,515
Smith & JohnsonLegal-$345,056
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$24,610,112
Investment Income
$1,751,675
Other Revenue
$497,147
Change in Net Assets
$2,264,247

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,858,934
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,481,868
Total Revenue per Audited Statements
$29,340,802
Total Revenue per Form 990
$26,858,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,860,487
Salaries, Compensation, and Employee Benefits$11,734,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$7,515,142
All Other Expenses---$2,308,854
Other Employee Benefits---$1,456,906
Office Expenses---$1,429,610
Current Officers, Directors, Trustees, and Key Employees---$1,228,905
Occupancy---$1,118,584
Other Expenses---$939,580
Pension Plan Contributions---$889,212
Payroll Taxes---$644,035
Advertising---$605,300
Depreciation Depletion---$594,679
Fees for Services Other---$404,603
Interest---$194,116
Travel---$170,648
Insurance---$108,416
Fees for Services Accounting---$99,520
Fees for Services Legal---$27,900
Conferences and Meetings---$14,700
Total Functional Expenses$0$0$0$24,594,687

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$26,833,761
Expenses per Audited Statements$24,594,687
Total Expenses per Form 990$24,594,687
Expenses Not Reported on Form 990$2,239,074
Expenses Not Reported on Financial Statements$0
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
MEMBER'S SHARES$484,559,495
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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

All account holders are referred to as members.

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

The credit union membership elects the board of directors which govern the operations of the credit union.

Form 990, Part VI, Section B, Line 11

The ceo and cfo will review the 990 prior to filing.

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

Annual disclosure statements are completed.

Form 990, Part VI, Section B, Line 15

Annual wage and benefit compensation comparisons are obtained from independent third parties. The ceo has an annual review by the board of directors. Key employees have an annual review by the ceo.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

EIN
38-0893210
Phone
5176226600

Signing Officer

Name
Robin Frucci
Title
CEO
Phone
5176226600
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robin Frucci
Formed
1936
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
167
Volunteers
20

Preparer

Preparer
Robert Parks CPA
Phone
2482443000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Income earned while the credit union was a federal credit union 242,794. Equity acquired in business merger 1,380,000. Unrealized gain on postretirement benefits 190,360.

FORM 990, PART XII, LINE 2C:

The organization has a committee that assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from previous years.

Form 990

Effective febuary 1, 2013, the credit union converted from a federal credit union to a state-chartered credit union in the state of michigan. The credit union also changed its name from lansing automakers federal credit union to lafcu. In addition, effective april 1, 2013, centel credit union merged into lafcu.

Financial Statement Notes

PART X, LINE 2:

The credit union is exempt, by statute, from federal and state income taxes. The credit union is a state-chartered credit union described in internal revenue code ("irc") section 501(c)(14). As such, the credit union is exempt from federal taxation of income derived from the performance of activities that are in furtherance of its exempt purposes. However, irc section 511 imposes a tax on the unrelated business income (as defined in section 512) derived by state-chartered credit unions. Many states have similar laws. The specific application of section 512 to the various activities conducted by state-chartered credit unions has been an issue for many years. In 2007, the internal revenue service ("irs") issued a series of technical advice memoranda ("tam") to a number of state-chartered credit unions located throughout the country. In these tams, the irs ruled certain products and services to be subject to taxation as unrelated business income. In light of the tams, the credit union has assessed its activities and any potential federal or state income tax liability. In the opinion of management, any liability arising from federal or state taxation of activities deemed to be unrelated to its exempt purpose is not expected to have a material effect on the credit union's financial condition or results of operations. The credit union's open audit period is for the five year period ended december 31, 2013 (2009-2013).

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenue earned while the credit union was a federal credit union 2,481,868.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses incurred while the credit union was a federal credit union 2,239,074.

Raw XML AppendixShowing 400 of 542 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8EVP
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt11CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP-HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP-LENDING OPERATIONS
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0122621
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0122621
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt054310335
IRS990/GrossReceiptsAmt081169269
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/TotalAmt0108416
IRS990/InterestGrp/TotalAmt0194116
IRS990/InvestmentIncomeGrp/ExclusionAmt01629054
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01629054
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0151995955
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0146522885
IRS990/IRPDocumentCnt013727
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09517708
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017678494
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019338835
IRS990/LandBldgEquipCostOrOtherBssAmt028856543
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt054310335
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WHILE PROMOTING THE CREDIT UNION PHILOSOPHY, WE ARE COMMITTED TO PROVIDING FINANCIAL SERVICES FOR THE CHANGING NEEDS OF OUR MEMBERS AND HELPING THEM OBTAIN PERSONAL FINANCIAL SECURITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt062304200
IRS990/NetAssetsOrFundBalancesEOYAmt065228023
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0122621
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0122621
IRS990/NetUnrelatedBusTxblIncmAmt0-1963
IRS990/NetUnrlzdGainsLossesInvstAmt0-1153578
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01118584
IRS990/OfficeExpensesGrp/TotalAmt01429610
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013308856
IRS990/OtherAssetsTotalGrp/EOYAmt016288588
IRS990/OtherChangesInNetAssetsAmt01813154
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01456906
IRS990/OtherExpensesGrp/Desc0INTEREST AND DIVIDEND E
IRS990/OtherExpensesGrp/Desc1ATM EXPENSE
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3DEBIT AND CREDIT CARD E
IRS990/OtherExpensesGrp/TotalAmt02405082
IRS990/OtherExpensesGrp/TotalAmt11241893
IRS990/OtherExpensesGrp/TotalAmt21197002
IRS990/OtherExpensesGrp/TotalAmt3939580
IRS990/OtherLiabilitiesGrp/BOYAmt0456792378
IRS990/OtherLiabilitiesGrp/EOYAmt0484559495
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/Desc0BARGAIN PURCHASE ON BUSINESS COMB
IRS990/OtherRevenueMiscGrp/Desc1NON-MEMBER ATM
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0386565
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0386565
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1110582
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0110582
IRS990/OtherRevenueTotalAmt0497147
IRS990/OtherSalariesAndWagesGrp/TotalAmt07515142
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0300883269
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0320705248
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0644035
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0889212
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0822307
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01280525
IRS990/PrincipalOfficerNm0ROBIN FRUCCI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016179653
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18430459
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016179653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18430459
IRS990/ProgSrvcAccomActy2Grp/Desc0LENDING PRODUCTS - LOAN STAFFING AND SUPPORT SERVICES, COLLECTION STAFFING.
IRS990/ProgSrvcAccomActy3Grp/Desc0CASH OPERATIONS - 50% BRANCH OPERATIONS, SUPPORT SERVICES - ACCOUNTING.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/ReconcilationRevenueExpnssAmt02264247
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt062304200
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt065228023
IRS990/SavingsAndTempCashInvstGrp/BOYAmt039769957
IRS990/SavingsAndTempCashInvstGrp/EOYAmt047742206
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014089442
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03401966
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017491408
IRS990ScheduleD/EquipmentGrp/BookValueAmt01399723
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06115742
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07515465
IRS990ScheduleD/ExpensesNotReportedAmt02239074
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt024594687
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03849670
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03849670
IRS990ScheduleD/OtherExpensesIncludedAmt02239074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0484559495
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER'S SHARES
IRS990ScheduleD/OtherRevenueAmt02481868
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0133605452
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt17756315
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt24327018
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3834100
IRS990ScheduleD/OtherSecuritiesGrp/Desc0AVAILABLE FOR SALE
IRS990ScheduleD/OtherSecuritiesGrp/Desc1HELD TO MATURITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT IN CUSO'S
IRS990ScheduleD/OtherSecuritiesGrp/Desc3FHLB STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/RevenueNotReportedAmt02481868
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt026858934
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. IN 2007, THE INTERNAL REVENUE SERVICE ("IRS") ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA ("TAM") TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. THE CREDIT UNION'S OPEN AUDIT PERIOD IS FOR THE FIVE YEAR PERIOD ENDED DECEMBER 31, 2013 (2009-2013).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE EARNED WHILE THE CREDIT UNION WAS A FEDERAL CREDIT UNION 2,481,868.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSES INCURRED WHILE THE CREDIT UNION WAS A FEDERAL CREDIT UNION 2,239,074.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019338835
IRS990ScheduleD/TotalBookValueSecuritiesAmt0146522885
IRS990ScheduleD/TotalExpensesPerForm990Amt024594687
IRS990ScheduleD/TotalLiabilityAmt0484559495
IRS990ScheduleD/TotalRevenuePerForm990Amt026858934
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt029340802
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026833761
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0277551
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1124137
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2109537
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3111985
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount013175
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount14977
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount25566
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount35502
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20

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