Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2016 • EIN 38-0996065

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

6640 Bay RoadSaginaw, MI 48604

(989) 249-8200

Siviq Scores

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

Liabilities / Assets

31st percentile

0.88x

Higher debt load relative to assets than 31% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

20.83x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Net Margin

26th percentile

8.6%

Higher net margin than 26% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

67th percentile

$472,054

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Asset Growth

35th percentile

4.8%

Faster asset growth than 35% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

26th percentile

4.2%

Faster revenue growth than 26% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Assets

Up

$729,035,202

Up $33,365,869 (+4.8%) from 2015

Net Assets

Up

$88,222,688

Up $6,469,083 (+7.9%) from 2015

Liabilities

Up

$640,812,514

Up $26,896,786 (+4.4%) from 2015

Revenue

Up

$30,767,807

Up $1,229,008 (+4.2%) from 2015

Expenses

Up

$28,112,265

Up $51,522 (+0.2%) from 2015

Net Income

Up

$2,655,542

Up $1,177,486 (+80%) from 2015

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 2010: $609,228,647Liabilities 2010: $527,452,628Net Assets 2010: $81,776,0192010Assets 2011: $652,366,510Liabilities 2011: $570,317,033Net Assets 2011: $82,049,4772011Assets 2012: $677,477,903Liabilities 2012: $586,974,804Net Assets 2012: $90,503,0992012Assets 2013: $679,361,311Liabilities 2013: $592,951,334Net Assets 2013: $86,409,9772013Assets 2014: $675,026,508Liabilities 2014: $589,498,705Net Assets 2014: $85,527,8032014Assets 2015: $695,669,333Liabilities 2015: $613,915,728Net Assets 2015: $81,753,6052015Assets 2016: $729,035,202Liabilities 2016: $640,812,514Net Assets 2016: $88,222,6882016Assets 2017: $763,793,492Liabilities 2017: $672,212,075Net Assets 2017: $91,581,4172017Assets 2018: $769,168,509Liabilities 2018: $677,404,452Net Assets 2018: $91,764,0572018Assets 2019: $844,798,383Liabilities 2019: $739,003,524Net Assets 2019: $105,794,8592019Assets 2020: $996,800,342Liabilities 2020: $878,503,828Net Assets 2020: $118,296,5142020Assets 2021: $1,097,457,613Liabilities 2021: $979,828,051Net Assets 2021: $117,629,5622021Assets 2022: $1,031,748,656Liabilities 2022: $942,342,296Net Assets 2022: $89,406,3602022Assets 2023: $1,075,470,650Liabilities 2023: $975,323,286Net Assets 2023: $100,147,3642023Assets 2024: $1,111,206,637Liabilities 2024: $998,405,254Net Assets 2024: $112,801,3832024

Highlighted filing

2016

Assets$729,035,202
Liabilities$640,812,514
Net Assets$88,222,688

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $27,434,7492010Expenses 2011: $27,842,8652011Expenses 2012: $28,363,8002012Revenue 2013: $30,543,850Expenses 2013: $27,933,515Net Income 2013: $2,610,3352013Revenue 2014: $28,276,678Expenses 2014: $26,828,255Net Income 2014: $1,448,4232014Revenue 2015: $29,538,799Expenses 2015: $28,060,743Net Income 2015: $1,478,0562015Revenue 2016: $30,767,807Expenses 2016: $28,112,265Net Income 2016: $2,655,5422016Revenue 2017: $32,934,559Expenses 2017: $29,471,755Net Income 2017: $3,462,8042017Revenue 2018: $35,880,699Expenses 2018: $31,781,537Net Income 2018: $4,099,1622018Revenue 2019: $41,259,879Expenses 2019: $35,496,685Net Income 2019: $5,763,1942019Revenue 2020: $40,766,110Expenses 2020: $35,823,551Net Income 2020: $4,942,5592020Revenue 2021: $44,555,752Expenses 2021: $34,829,715Net Income 2021: $9,726,0372021Revenue 2022: $42,338,523Expenses 2022: $37,350,013Net Income 2022: $4,988,5102022Revenue 2023: $49,757,946Expenses 2023: $50,005,824Net Income 2023: -$247,8782023Revenue 2024: $62,149,802Expenses 2024: $59,106,731Net Income 2024: $3,043,0712024

Highlighted filing

2016

Revenue$30,767,807
Expenses$28,112,265
Net Income$2,655,542
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$139,148,022
Mission and Program Overview

Mission

To provide low/no cost financial products and services to member owners who share a common bond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$373,561,006$409,703,584▲ $36,142,578
Investments Other Securities$274,261,348$272,612,047▼ $1,649,301
Rtn Earn Endowment Incm Other Fnds$81,753,605$88,222,688▲ $6,469,083
Land, Buildings, and Equipment, Net$22,650,270$21,594,515▼ $1,055,755
Savings and Temporary Cash Investments$10,378,538$10,977,228▲ $598,690
Cash and Non-Interest-Bearing Accounts$2,781,361$2,530,275▼ $251,086
Prepaid Expenses and Deferred Charges$1,106,959$1,068,249▼ $38,710
Total Assets$695,669,333$729,035,202▲ $33,365,869
Other Assets Total$10,929,851$10,549,304▼ $380,547
Liabilities
Other Liabilities$606,057,664$632,493,732▲ $26,436,068
Accounts Payable and Accrued Expenses$7,858,064$8,318,782▲ $460,718
Total Liabilities$613,915,728$640,812,514▲ $26,896,786
Net Assets / Fund Balance
Total Net Assets Fund Balance$81,753,605$88,222,688▲ $6,469,083
Total Liabilities and Net Assets / Fund Balance$695,669,333$729,035,202▲ $33,365,869

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,556,011$2,955,814$18,511,825
Equipment$2,652,688$11,660,358$14,313,046
Other Land Buildings$1,636,768$1,850,422$3,487,190
Land$1,749,048-$1,749,048
Leasehold Improvements-$122,451$122,451
Other Securities$517,462--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy W BeneckePresident/ceFT$357,383$114,671$472,054
Timothy W BeneckePresident/CEO-$317,646$154,408$472,054
Robert C TrumbleVP FinanceFT$177,453$59,791$237,244
Mark SchuilingVP ItFT$152,434$48,760$205,924
Tracy KaufmanVP LendingFT$153,185$45,802$194,257
Jacqueline BoomsVP OperationFT$153,296$22,824$176,120
Jacqueline BoomsVP Operations-$140,731$35,389$176,120
Andrea HalesVP BusinessFT$141,290$33,936$175,226
Andrea HalesVP Business Services-$128,648$46,578$175,226
Linda McgeeVP MembershiFT$140,518$30,995$171,513
Linda McgeeVP Membership Dev-$127,123$44,390$171,513

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$22,935,842
Investment Income
$7,831,965
Other Revenue
$0
Change in Net Assets
$2,655,542

Audited Revenue Reconciliation

Revenue per Audited Statements
$30,667,801
Revenue Not Reported on Financial Statements
$100,006
Other Revenue Adjustments
$100,006
Total Revenue per Audited Statements
$30,667,801
Total Revenue per Form 990
$30,767,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,530,878
Salaries, Compensation, and Employee Benefits$11,581,387
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$7,981,092
Interest---$4,953,099
Office Expenses---$2,649,975
Depreciation Depletion---$1,583,248
Pension Plan Contributions---$1,307,007
Other Employee Benefits---$911,651
Information Technology---$901,945
Occupancy---$772,173
Current Officers, Directors, Trustees, and Key Employees---$709,298
Payroll Taxes---$672,339
Advertising---$566,969
Fees for Services Other---$433,030
All Other Expenses---$368,822
Travel---$298,558
Other Expenses---$163,675
Fees for Service Investment Mgmnt Fees---$147,456
Insurance---$136,245
Fees for Services Legal---$119,481
Fees for Services Accounting---$112,052
Conferences and Meetings---$17,351
Total Functional Expenses$0$0$0$28,112,265

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$28,112,265
Expenses per Audited Statements$28,012,259
Total Expenses per Audited Statements$28,012,259
Expenses Not Reported on Financial Statements$100,006
Other Expense Adjustments$100,006
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gretchen TrumbleFamilySalary & BenefitsNo$69,678
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$632,493,732
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

All members of the credit union are of the same class. Each member has the right to vote for individuals serving on the volunteer board of directors at each annual meeting.

Form 990, Page 6, Part VI, Line 7A

The board of directors is elected at the annual meeting by the membership present at the meeting. Each board member is elected for a three year term.

Form 990, Page 6, Part VI, Line 7B

Board of director decisions that are subject to membership approval are mergers, charter changes, by-law changes and field of membership changes.

Form 990, Page 6, Part VI, Line 11B

A review is conducted by the vice president of finance prior to submission to the irs. The return is made available to the board of directors for review.

Form 990, Page 6, Part VI, Line 15A

The board of directors completes an evaulation of the president/ceo. The board of directors sets the salary of the president/ceo. The credit union uses the services of a professional compensation consulting firm to determine appropriate compensation ranges.

Form 990, Page 6, Part VI, Line 15B

The president/ceo evaluates the vice president of finance. All staff salary increases (excluding the president/ceo) are set by the president/ceo and approved by the board of directors. The credit union uses the services of a professional compensation consulting firm to determine appropriate compensation ranges.

Form 990, Page 6, Part VI, Line 19

Financial statements are posted in all branch office lobbies. Other documents and policies are available for review upon request.

Filing and Contact Details

Filer

Filer Name
Wildfire Credit Union
EIN
38-0996065
Phone
9892498200
Address
6640 BAY ROAD, SAGINAW, MI 48604

Signing Officer

Name
Robert C Trumble
Title
VP Finance
Phone
9892498200
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert C Trumble
Formed
1937
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
212
Volunteers
8

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
5300 GRATIOT RD, SAGINAW, MI 48638-6035
Preparer
Laura M Ebel
Phone
9894975300
Supplemental Narrative

Additional Explanations

Form 990

All lines left blank are not applicable to the organization.

Form 990, Part XI, Line 9

Unamortized transition obligation and other gains -108,958 unrealized holding gains on other investments 293,131 total 184,173

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Gains reported as expense on afs 100,006

Schedule D, Page 4, Part XII, Line 4B

Gains reported as expense on afs 100,006

Raw XML AppendixShowing 400 of 520 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/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRPE
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IRS990/ProgramServiceRevenueGrp/Desc1FEE/OTHER INCOME
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt073124
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE 28,459 LOW RATE LOANS TO MEMBERS INCLUDING VEHICLE, MORTGAGE/HOME EQUITY, SMALL BUSINESS, CREDIT CARDS AND OTHER PERSONAL LOANS.
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE NO/LOW COST FINANCIAL PRODUCTS AND SERVICES INCLUDING AUTOMATED TELLER MACHINE ACCESS, DEBIT CARDS, MONEY ORDERS, TRAVELERS CHECKS, AND WIRE TRANSFERS.
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYSalariesCompEmpBnftPaidAmt011165461
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IRS990/PYTotalRevenueAmt029538799
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt081753605
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt088222688
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010378538
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010977228
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt015556011
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02955814
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018511825
IRS990ScheduleD/EquipmentGrp/BookValueAmt02652688
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011660358
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014313046
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0100006
IRS990ScheduleD/ExpensesSubtotalAmt028012259
IRS990ScheduleD/LandGrp/BookValueAmt01749048
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01749048
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0122451
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0122451
IRS990ScheduleD/OtherExpensesNotIncludedAmt0100006
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01636768
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01850422
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03487190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0632493732
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0100006
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0249998585
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt110686751
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt27296939
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt32441572
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41670738
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5517462
IRS990ScheduleD/OtherSecuritiesGrp/Desc0AVAILABLE-FOR-SALE SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2TOTAL BENEFITS PREFUNDING MUTUAL FND
IRS990ScheduleD/OtherSecuritiesGrp/Desc3DEFERRED COMPENSATION MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc4CENTRAL LIQUIDITY FACILITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc5CUSO INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0100006
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAINS REPORTED AS EXPENSE ON AFS 100,006
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAINS REPORTED AS EXPENSE ON AFS 100,006
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalBookValueSecuritiesAmt0272612047
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IRS990ScheduleJ/CompensationCommitteeInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TIMOTHY W BENECKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ROBERT C TRUMBLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2TRACY KAUFMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MARK SCHUILING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4JACQUELINE BOOMS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5ANDREA HALES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6LINDA MCGEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP FINANCE

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,111$998$113$62.1$59.1$3.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,075$975$100$49.8$50.0$0.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,032$942$89.4$42.3$37.4$4.99
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,097$980$118$44.6$34.8$9.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$997$879$118$40.8$35.8$4.94
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$845$739$106$41.3$35.5$5.76
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$769$677$91.8$35.9$31.8$4.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$764$672$91.6$32.9$29.5$3.46
2016Detailed filing. Detailed filing data is available for this year.$729$641$88.2$30.8$28.1$2.66
2015Detailed filing. Detailed filing data is available for this year.$696$614$81.8$29.5$28.1$1.48
2014Detailed filing. Detailed filing data is available for this year.$675$589$85.5$28.3$26.8$1.45
2013Detailed filing. Detailed filing data is available for this year.$679$593$86.4$30.5$27.9$2.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$677$587$90.5$28.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$652$570$82.0$27.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$609$527$81.8$27.4