Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2013 • EIN 38-1246873

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

311 N Saginaw StreetDurand, MI 48429

(989) 541-2001

Siviq Scores

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

Liabilities / Assets

40th percentile

0.89x

Higher debt load relative to assets than 40% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

87th percentile

24.14x

Higher debt load relative to revenue than 87% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Net Margin

17th percentile

3.2%

Higher net margin than 17% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

4th percentile

$91,013

Higher top officer pay than 4% of similar nonprofits.

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

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Asset Growth

32nd percentile

1.0%

Faster asset growth than 32% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M 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

Assets

Up

$169,264,671

Up $1,736,963 (+1.0%) from 2012

Net Assets

Down

$18,943,823

Down $243,275 (-1.3%) from 2012

Liabilities

Up

$150,320,848

Up $1,980,238 (+1.3%) from 2012

Revenue

$6,227,650

No earlier filing loaded for comparison.

Expenses

Down

$6,025,804

Down $289,658 (-4.6%) from 2012

Net Income

$201,846

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.

$300M$200M$100M$0Assets 2010: $145,763,110Liabilities 2010: $127,204,503Net Assets 2010: $18,558,6072010Assets 2011: $167,200,842Liabilities 2011: $147,600,882Net Assets 2011: $19,599,9602011Assets 2012: $167,527,708Liabilities 2012: $148,340,610Net Assets 2012: $19,187,0982012Assets 2013: $169,264,671Liabilities 2013: $150,320,848Net Assets 2013: $18,943,8232013Assets 2014: $169,312,069Liabilities 2014: $149,812,404Net Assets 2014: $19,499,6652014Assets 2015: $179,704,222Liabilities 2015: $159,450,269Net Assets 2015: $20,253,9532015Assets 2016: $190,927,709Liabilities 2016: $169,403,233Net Assets 2016: $21,524,4762016Assets 2017: $200,025,697Liabilities 2017: $177,263,277Net Assets 2017: $22,762,4202017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2013

Assets$169,264,671
Liabilities$150,320,848
Net Assets$18,943,823

Operations Trend

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

$10M$5.0M$0Expenses 2010: $6,239,0582010Expenses 2011: $5,611,4732011Expenses 2012: $6,315,4622012Revenue 2013: $6,227,650Expenses 2013: $6,025,804Net Income 2013: $201,8462013Revenue 2014: $6,685,331Expenses 2014: $6,402,362Net Income 2014: $282,9692014Revenue 2015: $7,145,696Expenses 2015: $6,292,625Net Income 2015: $853,0712015Revenue 2016: $7,896,105Expenses 2016: $6,630,184Net Income 2016: $1,265,9212016Revenue 2017: $8,805,007Expenses 2017: $7,431,196Net Income 2017: $1,373,8112017Revenue 2018: $4,804,105Expenses 2018: $4,475,361Net Income 2018: $328,7442018

Highlighted filing

2013

Revenue$6,227,650
Expenses$6,025,804
Net Income$201,846
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 13, 2014
Return Version
2013v3.0
Gross Receipts
$6,229,799
Mission and Program Overview

Mission

We are committed to exceptional personalized experiences and innovative technologies.

We are committed to exceptional personalized experiences and innovative technologies

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$60,415,919$63,125,810▲ $2,709,891
Savings and Temporary Cash Investments$55,954,960$52,168,008▼ $3,786,952
Investments Other Securities$39,928,864$43,086,118▲ $3,157,254
Rtn Earn Endowment Incm Other Fnds$19,187,098$18,943,823▼ $243,275
Land, Buildings, and Equipment, Net$6,825,260$6,588,447▼ $236,813
Cash and Non-Interest-Bearing Accounts$3,527,606$3,148,674▼ $378,932
Prepaid Expenses and Deferred Charges$192,876$155,959▼ $36,917
Accounts Receivable$5,179$119,845▲ $114,666
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$167,527,708$169,264,671▲ $1,736,963
Other Assets Total$677,044$871,810▲ $194,766
Liabilities
Other Liabilities$143,569,713$145,145,389▲ $1,575,676
Accounts Payable and Accrued Expenses$4,770,897$5,175,459▲ $404,562
Total Liabilities$148,340,610$150,320,848▲ $1,980,238
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,187,098$18,943,823▼ $243,275
Total Liabilities and Net Assets / Fund Balance$167,527,708$169,264,671▲ $1,736,963

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,579,900$1,951,362$0
Other Land Buildings$0$0$0
Land$662,060-$0
Equipment$346,487$1,611,586$0
Leasehold Improvements$0$0$0
Other Securities$502,320--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anna WillsonPresident / CEOFT$91,013$91,013

Board Members and Trustees

NameTitle
Frank MasonChairman of the Board
Brad McFaulVice Chairman of the Board
Charlie BlainBoard Member
Charlie SchaufeleBoard Member
Clyde RobinsonBoard Member
Ray VanheckeBoard Member
Virgil BuddBoard Member
William MarchbanksBoard Member
Chad BurkeSecretary of the Board
Donald WilcoxTreasurer of the Board
Mark E DayRetired CEO 12/31/2012
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,050,553
Investment Income
$1,173,246
Other Revenue
$3,851
Change in Net Assets
$201,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,473,914
Other Expenses$2,551,890
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,644,631
Occupancy---$517,086
Other Employee Benefits---$317,749
Information Technology---$288,074
Payroll Taxes---$267,076
Pension Plan Contributions---$244,458
Interest---$238,153
Office Expenses---$231,031
Advertising---$100,374
Depreciation Depletion---$89,674
Other Expenses---$83,714
Insurance---$51,400
Fees for Services Legal---$50,253
Fees for Services Accounting---$42,325
All Other Expenses---$15,053
Conferences and Meetings---$14,156
Fees for Service Investment Mgmnt Fees---$12,534
Travel---$9,534
Total Functional Expenses$0$0$0$6,025,804
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$145,145,389
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

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

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

Sagelink Credit union has members which are intitled to vote.

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

Credit Union decisions that require membership approval are mergers.

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

Form 990 is completed by the Asst VP of Finance and then reviewed by the VP of Finance or the CEO.

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

Sagelink Credit Union requires all of the governing body to report any conflict of interest to the Board and must abstain from any vote or action on the issue.

Form 990, Part VI, Section B, Line 15

The compensation for the CEO was determined by the Board of Directors based on competitive pay.

Form 990, Part VI, Section C, Line 19

Sagelink Credit Union's Governing documents, conflict of interest policy and financial statements are available upon request. The financial statements are posted in the lobby of Sagelink Credit Unions main office.

Filing and Contact Details

Filer

EIN
38-1246873
Phone
9895412001

Signing Officer

Name
Michelle Sweatland
Title
Asst VP of Auditing & Finance
Phone
9895412001
Signed
2014-05-13

Organization Details

Principal Officer
Anna Willson
Formed
1936
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
107
Volunteers
10
Raw XML AppendixShowing 400 of 491 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/PersonNm2Virgil Budd
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IRS990/Form990PartVIISectionAGrp/PersonNm7Charlie Schaufele
IRS990/Form990PartVIISectionAGrp/PersonNm8Ray Vanhecke
IRS990/Form990PartVIISectionAGrp/PersonNm9Chad Burke
IRS990/Form990PartVIISectionAGrp/PersonNm10Anna Willson
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chairman of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt10President / CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11Retired CEO 12/31/2012
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0244458
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0192876
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0155959
IRS990/PrincipalOfficerNm0Anna Willson
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/BusinessCd4522130
IRS990/ProgramServiceRevenueGrp/Desc0Loan Income
IRS990/ProgramServiceRevenueGrp/Desc1ATM/Debit Interchange
IRS990/ProgramServiceRevenueGrp/Desc2ODP Income
IRS990/ProgramServiceRevenueGrp/Desc3NSF Income
IRS990/ProgramServiceRevenueGrp/Desc4Visa Interchange Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02918812
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1636784
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2636495
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3306713
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4164249
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02918812
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1636784
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2636495
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3306713
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4164249
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide 9,599 Loans including Personal, Home Equity, Mortgage and Credit Card type loans.
IRS990/ProgSrvcAccomActy3Grp/Desc0Offer Automated Teller Machines, Money Orders and various insurance programs.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01304018
IRS990/PYOtherExpensesAmt02502540
IRS990/PYOtherRevenueAmt03669
IRS990/PYProgramServiceRevenueAmt05041964
IRS990/PYRevenuesLessExpensesAmt034189
IRS990/PYSalariesCompEmpBnftPaidAmt03812922
IRS990/PYTotalExpensesAmt06315462
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06349651
IRS990/ReconcilationRevenueExpnssAmt0201846
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt03851
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt019187098
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt018943823
IRS990/SavingsAndTempCashInvstGrp/BOYAmt055954960
IRS990/SavingsAndTempCashInvstGrp/EOYAmt052168008
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05579900
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01951362
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt07531262
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0346487
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01611586
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01958073
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0662060
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0662060
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0145145389
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0645000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt112704520
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt222627841
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31630937
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt44975500
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5502320
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Municipal Bond
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Fnma, Fhlmc, Gnma, Fnci
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Fnma, Fhlmc, Gnma, Fnci
IRS990ScheduleD/OtherSecuritiesGrp/Desc3NGN
IRS990ScheduleD/OtherSecuritiesGrp/Desc4Mutual Fund
IRS990ScheduleD/OtherSecuritiesGrp/Desc5Corporate Bond
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06588447
IRS990ScheduleD/TotalBookValueSecuritiesAmt043086118
IRS990ScheduleD/TotalLiabilityAmt0145145389
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Mark E Day
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Retired CEO 12/31/2012
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00

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