Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2013 • EIN 38-1093900

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 13, 2014

Organization Profilewww.vibecreditunion.com

View Organization Page

44575 West 12 Mile RoadNovi, MI 48377

(248) 735-9500

Siviq Scores

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

Liabilities / Assets

10th percentile

0.84x

Higher debt load relative to assets than 10% of similar nonprofits.

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

Liabilities / Revenue

38th percentile

16.64x

Higher debt load relative to revenue than 38% of similar nonprofits.

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

Net Margin

20th percentile

7.6%

Higher net margin than 20% of similar nonprofits.

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

Top Officer Pay

79th percentile

$499,545

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

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

Asset Growth

4th percentile

-2.0%

Faster asset growth than 4% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Balance Sheet
Liabilities / Assets10th percentile

Assets

Down

$416,105,794

Down $8,383,988 (-2.0%) from 2012

Net Assets

Up

$65,637,720

Up $1,894,837 (+3.0%) from 2012

Liabilities

Down

$350,468,074

Down $10,278,825 (-2.8%) from 2012

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin20th percentile

Revenue

$21,064,287

No earlier filing loaded for comparison.

Expenses

Up

$19,459,432

Up $305,641 (+1.6%) from 2012

Net Income

$1,604,855

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$600M$400M$200M$0Assets 2010: $457,135,793Liabilities 2010: $393,633,524Net Assets 2010: $63,502,2692010Assets 2011: $433,388,873Liabilities 2011: $373,146,284Net Assets 2011: $60,242,5892011Assets 2012: $424,489,782Liabilities 2012: $360,746,899Net Assets 2012: $63,742,8832012Assets 2013: $416,105,794Liabilities 2013: $350,468,074Net Assets 2013: $65,637,7202013Assets 2014: $419,313,861Liabilities 2014: $351,002,893Net Assets 2014: $68,310,9682014Assets 2015: $472,715,230Liabilities 2015: $403,185,265Net Assets 2015: $69,529,9652015Assets 2016: $517,323,472Liabilities 2016: $447,451,344Net Assets 2016: $69,872,1282016Assets 2017: $529,146,744Liabilities 2017: $457,302,643Net Assets 2017: $71,844,1012017

Highlighted filing

2013

Assets$416,105,794
Liabilities$350,468,074
Net Assets$65,637,720
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0Expenses 2010: $27,359,9742010Expenses 2011: $27,356,1572011Expenses 2012: $19,153,7912012Revenue 2013: $21,064,287Expenses 2013: $19,459,432Net Income 2013: $1,604,8552013Revenue 2014: $20,152,141Expenses 2014: $17,312,768Net Income 2014: $2,839,3732014Revenue 2015: $20,798,604Expenses 2015: $19,643,137Net Income 2015: $1,155,4672015Revenue 2016: $21,958,468Expenses 2016: $21,282,701Net Income 2016: $675,7672016Revenue 2017: $23,738,462Expenses 2017: $22,180,793Net Income 2017: $1,557,6692017

Highlighted filing

2013

Revenue$21,064,287
Expenses$19,459,432
Net Income$1,604,855
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 13, 2014
Return Version
2013v3.0
Gross Receipts
$24,113,953
Mission and Program Overview

Mission

To enhance the financial well-being of our members.

Provide financial services to member owners with a common bond

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$237,071,302$238,061,550▲ $990,248
Investments Other Securities$150,427,456$140,469,809▼ $9,957,647
Rtn Earn Endowment Incm Other Fnds$63,742,883$65,637,720▲ $1,894,837
Investments Program Related$13,315,850$12,150,214▼ $1,165,636
Land, Buildings, and Equipment, Net$10,413,798$11,733,349▲ $1,319,551
Cash and Non-Interest-Bearing Accounts$2,316,005$4,201,512▲ $1,885,507
Accounts Receivable$621,991$514,435▼ $107,556
Prepaid Expenses and Deferred Charges$356,320$363,416▲ $7,096
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$424,489,782$416,105,794▼ $8,383,988
Other Assets Total$9,967,060$8,611,509▼ $1,355,551
Liabilities
Other Liabilities$351,875,999$342,507,780▼ $9,368,219
Accounts Payable and Accrued Expenses$8,870,900$7,960,294▼ $910,606
Total Liabilities$360,746,899$350,468,074▼ $10,278,825
Net Assets / Fund Balance
Total Net Assets Fund Balance$63,742,883$65,637,720▲ $1,894,837
Total Liabilities and Net Assets / Fund Balance$424,489,782$416,105,794▼ $8,383,988

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,612,699$5,363,970$10,976,669
Equipment$1,464,020$5,111,115$6,575,135
Land$4,391,710-$4,391,710
Leasehold Improvements$264,920$321,402$586,322
Other Land Buildings$0$0$0
Other Securities$1,488,000--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas ReaganPresident/CEOFT$379,652$119,893$499,545
Ronald LangEvp/CFOFT$253,280$99,802$353,082
Paul MazurVP of ISFT$117,858$34,395$152,253
Craig LarsonVP of LendingFT$117,707$24,570$142,277
Tyler RossVP of MarketingFT$109,477$22,115$131,592

Board Members and Trustees

NameTitle
David CowlesChairman
Stephen WestbrooksVice Chairman
Christa MurphyDirector
Michael IvanicsDirector
Terry McKinleySecretary
John BarrettTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Holzman Corkery PLLCLegal-$162,088
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,495,607
Investment Income
$2,568,680
Other Revenue
$0
Change in Net Assets
$1,604,855

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,140,571
Revenue Not Reported on Financial Statements
$-76,284
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-76,284
Total Revenue per Audited Statements
$21,140,571
Total Revenue per Form 990
$21,064,287
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,846,120
Salaries, Compensation, and Employee Benefits$7,613,312
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,283,950
Office Expenses---$1,788,983
Current Officers, Directors, Trustees, and Key Employees---$1,278,749
Interest---$1,254,096
Other Employee Benefits---$1,171,459
Occupancy---$971,370
Depreciation Depletion---$758,782
Payroll Taxes---$530,802
Insurance---$377,037
Pension Plan Contributions---$348,352
Advertising---$296,263
Other Expenses---$151,955
Conferences and Meetings---$122,323
All Other Expenses---$118,704
Fees for Services Other---$100,754
Fees for Services Legal---$38,346
Fees for Services Accounting---$30,941
Total Functional Expenses$0$0$0$19,459,432

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,535,716
Expenses per Audited Statements$19,459,432
Total Expenses per Form 990$19,459,432
Expenses Not Reported on Form 990$76,284
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$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 Shares$342,507,780
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The Credit Union has a single class of members with equal rights of ownership, governance and voting.”

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

“The Board of Directors is elected based on an open ballot for 3 year terms.”

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

“Credit Union decisions that are subject to membership approval are Board of Director elections, merger into another credit union, and charter changes. Field of Membership changes and By-Law changes must be reported to the membership at the annual meeting.”

Form 990, Part VI, Section B, Line 11B

“A review is conducted by the Internal Auditor and EVP/CFO prior to submission to the IRS. The returns are made availabe to the Board of Directors for review.”

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

“Directors must attest that they have not conflicts of interest on an annual basis.”

Form 990, Part VI, Section B, Line 15

“The Full Board prepares an evaluation of the President/CEO annually. Each Board member completes the evaluation form in writing. The Board Secretary compiles the results and prepares a consolidated evaluation. Salary is based on credit union President/CEO salary surveys and determined by credit union size, complexity and performance. A credit union consulting firm is utilized to obtain this information. The President/CEO prepares and conducts the evaluation process for key employees. The evaluation process is delegated to the EVP/CFO for certain key employees, with final review performed by the President/CEO. those salaries are based on available salary survey information and are performance based.”

Form 990, Part VI, Section C, Line 19

“Financial Statements are posted in the Credit Union lobby. Other documents and policies are available upon request.”

Filing and Contact Details

Filer

EIN
38-1093900
Phone
2487359500

Signing Officer

Name
Ronald W Lang
Title
Evp/CFO
Phone
2487359500
Signed
2014-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Reagan
Formed
1936
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
151
Volunteers
6

Preparer

Preparer
Denise Luckenbacher
Phone
5862961155
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in Other Comprehensive Income: $ 293,696.”

Financial Statement Notes

Schedule D, Part XI, Line 4B

“Loss on Sale of Equipment included in Revenue on 990, Expense on financial statements: -76,284.”

Schedule D, Part XII, Line 2D

“Loss on Sale of Equipment included in Revenue on 990 Expense on Financial Statements: $76,284.”

Raw XML AppendixShowing 400 of 555 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08870900
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07960294
IRS990/AccountsReceivableGrp/BOYAmt0621991
IRS990/AccountsReceivableGrp/EOYAmt0514435
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Provide financial services to member owners with a common bond
IRS990/AdvertisingGrp/TotalAmt0296263
IRS990/AllOtherExpensesGrp/TotalAmt0118704
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10Vibe Credit Union
IRS990/BooksInCareOfDetail/PhoneNum02487359500
IRS990/BooksInCareOfDetail/USAddress/AddressLine104575 West 12 Mile Rd
IRS990/BooksInCareOfDetail/USAddress/City0Novi
IRS990/BooksInCareOfDetail/USAddress/State0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCode048377
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt02316005
IRS990/CashNonInterestBearingGrp/EOYAmt04201512
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01278749
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt0122323
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0162088
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1028366 Franklin Road
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City0Southfield
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State0MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode048034
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine10Holzman Corkery PLLC
IRS990/ContractorCompensationGrp/ServicesDesc0Legal
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02568680
IRS990/CYOtherExpensesAmt011846120
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt018495607
IRS990/CYRevenuesLessExpensesAmt01604855
IRS990/CYSalariesCompEmpBnftPaidAmt07613312
IRS990/CYTotalExpensesAmt019459432
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt021064287
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0758782
IRS990/Desc0Provide 31,268 members with Regular Share, Share Draft, Money Management, Business, IRA, Christmas Club and Certificate of Deposit accounts totaling 66,202.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt0151
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt030941
IRS990/FeesForServicesLegalGrp/TotalAmt038346
IRS990/FeesForServicesOtherGrp/TotalAmt0100754
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt6118861
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt798770
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt825905
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt924570
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1022115
IRS990/Form990PartVIISectionAGrp/PersonNm0John Barrett
IRS990/Form990PartVIISectionAGrp/PersonNm1David Cowles
IRS990/Form990PartVIISectionAGrp/PersonNm2Michael Ivanics
IRS990/Form990PartVIISectionAGrp/PersonNm3Terry McKinley
IRS990/Form990PartVIISectionAGrp/PersonNm4Christa Murphy
IRS990/Form990PartVIISectionAGrp/PersonNm5Stephen Westbrooks
IRS990/Form990PartVIISectionAGrp/PersonNm6Thomas Reagan
IRS990/Form990PartVIISectionAGrp/PersonNm7Ronald Lang
IRS990/Form990PartVIISectionAGrp/PersonNm8Paul Mazur
IRS990/Form990PartVIISectionAGrp/PersonNm9Craig Larson
IRS990/Form990PartVIISectionAGrp/PersonNm10Tyler Ross
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6380684
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7254312
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8126348
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9117707
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10109477
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7EVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP of IS
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP of Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP of Marketing
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0976590
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt04026256
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt024113953
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt0377037
IRS990/InterestGrp/TotalAmt01254096
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01592090
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01592090
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0150427456
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0140469809
IRS990/InvestmentsProgramRelatedGrp/BOYAmt013315850
IRS990/InvestmentsProgramRelatedGrp/EOYAmt012150214
IRS990/IRPDocumentCnt08533
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010796487
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010413798
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011733349
IRS990/LandBldgEquipCostOrOtherBssAmt022529836
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt03049666
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To enhance the financial well-being of our members.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt063742883
IRS990/NetAssetsOrFundBalancesEOYAmt065637720
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0976590
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0976590
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-23501
IRS990/NetUnrlzdGainsLossesInvstAmt0-3714
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0971370
IRS990/OfficeExpensesGrp/TotalAmt01788983
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09967060
IRS990/OtherAssetsTotalGrp/EOYAmt08611509
IRS990/OtherChangesInNetAssetsAmt0293696
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01171459
IRS990/OtherExpensesGrp/Desc0Strategic Initiative Expense
IRS990/OtherExpensesGrp/Desc1Loan Servicing
IRS990/OtherExpensesGrp/Desc2Provision for Loan Loss
IRS990/OtherExpensesGrp/Desc3Miscellaneous Operating
IRS990/OtherExpensesGrp/TotalAmt02306577
IRS990/OtherExpensesGrp/TotalAmt11973151
IRS990/OtherExpensesGrp/TotalAmt21556838
IRS990/OtherExpensesGrp/TotalAmt3151955
IRS990/OtherLiabilitiesGrp/BOYAmt0351875999
IRS990/OtherLiabilitiesGrp/EOYAmt0342507780
IRS990/OtherOrganizationDsc0Credit Union
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt04283950
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0237071302
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0238061550
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0530802
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0348352
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0356320
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0363416
IRS990/PrincipalOfficerNm0Thomas Reagan
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0Loan Interest
IRS990/ProgramServiceRevenueGrp/Desc1Fee/Other Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012378145
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16111168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012378145
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16117462
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt16294
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide 15,991 loans including Vehicle, Recreational Vehicle, Mobile Home, Line of Credit, Credit Card, Home Equity, Mortgage, Business and Share Secured loans.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Offer Automated Teller Machines, Debit Card, Travelers Checks, Bill Payment, Courtesy Pay, Money Orders and various insurance programs.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01811922
IRS990/PYOtherExpensesAmt011939142
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt020545645
IRS990/PYRevenuesLessExpensesAmt03203776
IRS990/PYSalariesCompEmpBnftPaidAmt07214649
IRS990/PYTotalExpensesAmt019153791
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt022357567
IRS990/ReconcilationRevenueExpnssAmt01604855
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt063742883
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt065637720
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05612699
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05363970
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010976669
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01464020
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05111115
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06575135
IRS990ScheduleD/ExpensesNotReportedAmt076284
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt019459432
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt04391710
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04391710
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0264920
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0321402
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0586322
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt076284
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0342507780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-76284
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt060040323
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1300
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3100
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt478941085
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt51488000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Investments
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Co-op Network Stock
IRS990ScheduleD/OtherSecuritiesGrp/Desc2VISA Stock
IRS990ScheduleD/OtherSecuritiesGrp/Desc3CU Partnership
IRS990ScheduleD/OtherSecuritiesGrp/Desc4Fed Agencies Securities
IRS990ScheduleD/OtherSecuritiesGrp/Desc5Certificates of Deposit
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-76284
IRS990ScheduleD/RevenueSubtotalAmt021140571
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Loss on Sale of Equipment included in Revenue on 990, Expense on financial statements: -76,284.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Loss on Sale of Equipment included in Revenue on 990 Expense on Financial Statements: $76,284.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011733349
IRS990ScheduleD/TotalBookValueSecuritiesAmt0140469809
IRS990ScheduleD/TotalExpensesPerForm990Amt019459432
IRS990ScheduleD/TotalLiabilityAmt0342507780
IRS990ScheduleD/TotalRevenuePerForm990Amt021064287
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021140571
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019535716
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0379652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1253280
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2117858
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount28000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$416,105,794
Liabilities
$350,468,074
Net assets
$65,637,720
Revenue
$21,064,287
Expenses
$19,459,432
Net income
$1,604,855
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$529$457$71.8$23.7$22.2$1.56
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$517$447$69.9$22.0$21.3$0.68
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$473$403$69.5$20.8$19.6$1.16
2014Detailed filing. Detailed filing data is available for this year.$419$351$68.3$20.2$17.3$2.84
2013Detailed filing. Detailed filing data is available for this year.$416$350$65.6$21.1$19.5$1.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$424$361$63.7$19.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$433$373$60.2$27.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$457$394$63.5$27.4
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)14 • $250M-$1B nonprofits