Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2023 • EIN 38-1362849

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 08, 2024

Organization Profilehpccu.com
1234 W Chisholm StAlpena, MI 49707

(989) 354-4698

Siviq Scores

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

Liabilities / Assets

25th percentile

0.87x

Higher debt load relative to assets than 25% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

25.37x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Net Margin

10th percentile

2.0%

Higher net margin than 10% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

38th percentile

$203,246

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Asset Growth

26th percentile

-3.5%

Faster asset growth than 26% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

23%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$158,016,891

Down $5,718,541 (-3.5%) from 2022

Net Assets

Up

$20,259,415

Up $110,505 (+0.5%) from 2022

Liabilities

Down

$137,757,476

Down $5,829,046 (-4.1%) from 2022

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin10th percentile

Revenue

Up

$5,429,627

Up $1,014,048 (+23%) from 2022

Expenses

Up

$5,319,122

Up $1,005,728 (+23%) from 2022

Net Income

Up

$110,505

Up $8,320 (+8.1%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$200M$150M$100M$50M$0Assets 2010: $114,108,214Liabilities 2010: $101,616,009Net Assets 2010: $12,492,2052010Assets 2011: $112,860,356Liabilities 2011: $100,305,031Net Assets 2011: $12,555,3252011Assets 2012: $112,576,032Liabilities 2012: $99,385,259Net Assets 2012: $13,190,7732012Assets 2013: $113,266,039Liabilities 2013: $99,262,227Net Assets 2013: $14,003,8122013Assets 2014: $114,652,260Liabilities 2014: $99,909,725Net Assets 2014: $14,742,5352014Assets 2015: $117,539,163Liabilities 2015: $102,214,334Net Assets 2015: $15,324,8292015Assets 2016: $121,629,676Liabilities 2016: $105,739,870Net Assets 2016: $15,889,8062016Assets 2017: $124,073,933Liabilities 2017: $107,514,572Net Assets 2017: $16,559,3612017Assets 2018: $121,792,993Liabilities 2018: $104,228,838Net Assets 2018: $17,564,1552018Assets 2019: $123,370,577Liabilities 2019: $104,792,435Net Assets 2019: $18,578,1422019Assets 2020: $143,285,850Liabilities 2020: $124,046,044Net Assets 2020: $19,239,8062020Assets 2021: $158,654,438Liabilities 2021: $138,607,713Net Assets 2021: $20,046,7252021Assets 2022: $163,735,432Liabilities 2022: $143,586,522Net Assets 2022: $20,148,9102022Assets 2023: $158,016,891Liabilities 2023: $137,757,476Net Assets 2023: $20,259,4152023Assets 2024: $153,945,735Liabilities 2024: $132,387,672Net Assets 2024: $21,558,0632024

Highlighted filing

2023

Assets$158,016,891
Liabilities$137,757,476
Net Assets$20,259,415
Open 2023 Filing

Operations Trend

Revenue Growth47th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $3,789,2052010Expenses 2011: $3,531,5682011Revenue 2012: $3,429,696Expenses 2012: $2,794,248Net Income 2012: $635,4482012Revenue 2013: $3,169,384Expenses 2013: $2,356,345Net Income 2013: $813,0392013Revenue 2014: $3,074,331Expenses 2014: $2,335,608Net Income 2014: $738,7232014Revenue 2015: $3,044,577Expenses 2015: $2,462,283Net Income 2015: $582,2942015Revenue 2016: $3,094,330Expenses 2016: $2,529,353Net Income 2016: $564,9772016Revenue 2017: $3,310,033Expenses 2017: $2,640,478Net Income 2017: $669,5552017Revenue 2018: $3,879,019Expenses 2018: $2,874,225Net Income 2018: $1,004,7942018Revenue 2019: $4,242,783Expenses 2019: $3,228,796Net Income 2019: $1,013,9872019Revenue 2020: $4,224,932Expenses 2020: $3,563,268Net Income 2020: $661,6642020Revenue 2021: $4,477,208Expenses 2021: $3,670,250Net Income 2021: $806,9582021Revenue 2022: $4,415,579Expenses 2022: $4,313,394Net Income 2022: $102,1852022Revenue 2023: $5,429,627Expenses 2023: $5,319,122Net Income 2023: $110,5052023Revenue 2024: $6,826,736Expenses 2024: $5,528,088Net Income 2024: $1,298,6482024

Highlighted filing

2023

Revenue$5,429,627
Expenses$5,319,122
Net Income$110,505
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 8, 2024
Return Version
2023v5.1
Gross Receipts
$5,429,627
Mission and Program Overview

Mission

To serve and promote member's personal financial success and to continue the Credit Union philosophy of "People Helping People".

To serve and promote members' personal financial success and to continue the credit union philosophy of "people helping people".

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$65,646,135$76,868,472▲ $11,222,337
Savings and Temporary Cash Investments$57,671,934$39,257,429▼ $18,414,505
Investments Other Securities$468,200$35,069,193▲ $34,600,993
Investments in Publicly Traded Securities$33,159,000$0▼ $33,159,000
Rtn Earn Endowment Incm Other Fnds$20,148,910$20,259,415▲ $110,505
Land, Buildings, and Equipment, Net$2,460,866$2,230,086▼ $230,780
Cash and Non-Interest-Bearing Accounts$2,341,995$2,206,583▼ $135,412
Accounts Receivable-$617,013-
Prepaid Expenses and Deferred Charges-$144,199-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$163,735,432$158,016,891▼ $5,718,541
Other Assets Total$1,987,302$1,623,916▼ $363,386
Liabilities
Other Liabilities$140,691,094$136,523,363▼ $4,167,731
Accounts Payable and Accrued Expenses$2,895,428$1,234,113▼ $1,661,315
Total Liabilities$143,586,522$137,757,476▼ $5,829,046
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,148,910$20,259,415▲ $110,505
Total Liabilities and Net Assets / Fund Balance$163,735,432$158,016,891▼ $5,718,541

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,386,948$1,319,946$2,706,894
Other Land Buildings$449,998$1,018,359$1,468,357
Land$308,778-$308,778
Leasehold Improvements$84,362$80,618$164,980
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis WernerCEOFT$165,447$37,799$203,246
Thomas HendricksVice PresidentFT$122,624$37,223$159,847
Julie HansenCFOFT$110,677$47,883$158,560

Board Members and Trustees

NameTitle
Jon BensonChairman
Andrew LampDirector
James HubertDirector
Mark LeeDirector
Robert IlsleyDirector
William MischleySecretary
James MalaskiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CuanswersData Processing6000 28TH STREET SE, Grand Rapids, MI 49546$230,853
Redrock Information Security LLCIt/network Services1101 40TH ST SE, Grand Rapids, MI 49508$152,968
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,831,235
Investment Income
$1,598,392
Other Revenue
$0
Change in Net Assets
$110,505
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,237,911
Salaries, Compensation, and Employee Benefits$2,081,211
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,161,218
Interest---$1,010,556
Current Officers, Directors, Trustees, and Key Employees---$521,653
Office Expenses---$281,844
Information Technology---$213,895
Other Expenses---$206,095
Other Employee Benefits---$184,956
Depreciation Depletion---$171,206
Occupancy---$157,194
Payroll Taxes---$135,388
Travel---$114,470
Pension Plan Contributions---$77,996
All Other Expenses---$45,728
Insurance---$17,440
Fees for Services Legal---$10,066
Total Functional Expenses$0$0$0$5,319,122
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$136,523,363
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

“Section 501c(14) credit union is composed of members.”

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

“Members vote on bylaws and charter changes. Members vote and elect board members at annual meeting.”

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

“Mergers and bylaw changes are voted on by entire membership.”

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

“Management reviews tax returns and forwards us form 8879-te to tax preparer. Board of directors reviews filed tax return at next scheduled meeting.”

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

“Employee loans are mangement approved. Management loans are board approved. Loans to board members are approved by the board with the lendee obstaining.”

Form 990, Part VI, Section B, Line 15A

“Executive and employee salaries are board reviewed and approved. Board of directors are volunteers and not compensated.”

Form 990, Part VI, Section B, Line 15B

“Employee salaries are board reviewed and approved.”

Form 990, Part VI, Section C, Line 19

“Credit union bylaws are available upon request at the credit unions main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (form 5300 call report) are available at ncua.gov for all federally insured credit unions.”

Filing and Contact Details

Filer

Filer Name
HPC Credit Union
EIN
38-1362849
Phone
9893544698
Address
1234 W CHISHOLM ST, ALPENA, MI 49707

Signing Officer

Name
Dennis Werner
Title
CEO
Signed
2024-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Werner
Formed
1950
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
48
Volunteers
13

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Donald E Lingerfelt
Phone
8005225820
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IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0468200
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt035069193
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt033159000
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt03387
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02418923
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02460866
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02230086
IRS990/LandBldgEquipCostOrOtherBssAmt04649009
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO SERVE AND PROMOTE MEMBERS' PERSONAL FINANCIAL SUCCESS AND TO CONTINUE THE CREDIT UNION PHILOSOPHY OF "PEOPLE HELPING PEOPLE".
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt020148910
IRS990/NetAssetsOrFundBalancesEOYAmt020259415
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0157194
IRS990/OfficeExpensesGrp/TotalAmt0281844
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01987302
IRS990/OtherAssetsTotalGrp/EOYAmt01623916
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0184956
IRS990/OtherExpensesGrp/Desc0PROF. & OUTSIDE
IRS990/OtherExpensesGrp/Desc1LOAN SERVICE EXPENSE
IRS990/OtherExpensesGrp/Desc2PROVISION FOR CREDIT LOSSES
IRS990/OtherExpensesGrp/Desc3MARKETING
IRS990/OtherExpensesGrp/TotalAmt0553827
IRS990/OtherExpensesGrp/TotalAmt1228872
IRS990/OtherExpensesGrp/TotalAmt2226718
IRS990/OtherExpensesGrp/TotalAmt3206095
IRS990/OtherLiabilitiesGrp/BOYAmt0140691094
IRS990/OtherLiabilitiesGrp/EOYAmt0136523363
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt01161218
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt065646135
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt076868472
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0135388
IRS990/PensionPlanContributionsGrp/TotalAmt077996
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0144199
IRS990/PrincipalOfficerNm0DENNIS WERNER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/Desc0FEES AND OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INSURANCE SALES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc3WARRANTY SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0410052
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13338577
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0418032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18841
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23338577
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt365785
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt07980
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt18841
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt265785
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01289912
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02405050
IRS990/PYProgramServiceRevenueAmt03125667
IRS990/PYRevenuesLessExpensesAmt0102185
IRS990/PYSalariesCompEmpBnftPaidAmt01908344
IRS990/PYTotalExpensesAmt04313394
IRS990/PYTotalRevenueAmt04415579
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0110505
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020148910
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt020259415
IRS990/SavingsAndTempCashInvstGrp/BOYAmt057671934
IRS990/SavingsAndTempCashInvstGrp/EOYAmt039257429
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01386948
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01319946
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02706894
IRS990ScheduleD/LandGrp/BookValueAmt0308778
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0308778
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt084362
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt080618
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0164980
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0449998
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01018359
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01468357
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0136523363
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02230086
IRS990ScheduleD/TotalBookValueSecuritiesAmt035069193
IRS990ScheduleD/TotalLiabilityAmt0136523363
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0165447
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1110677
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2122624
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount110000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount210000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt018245
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt112185
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt213653
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt02222
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt124906
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt213054
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt07332
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt1792
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt2516
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DENNIS WERNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JULIE HANSEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2THOMAS HENDRICKS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0203246
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1158560
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2159847
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SECTION 501C(14) CREDIT UNION IS COMPOSED OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS VOTE ON BYLAWS AND CHARTER CHANGES. MEMBERS VOTE AND ELECT BOARD MEMBERS AT ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MERGERS AND BYLAW CHANGES ARE VOTED ON BY ENTIRE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT REVIEWS TAX RETURNS AND FORWARDS US FORM 8879-TE TO TAX PREPARER. BOARD OF DIRECTORS REVIEWS FILED TAX RETURN AT NEXT SCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EMPLOYEE LOANS ARE MANGEMENT APPROVED. MANAGEMENT LOANS ARE BOARD APPROVED. LOANS TO BOARD MEMBERS ARE APPROVED BY THE BOARD WITH THE LENDEE OBSTAINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXECUTIVE AND EMPLOYEE SALARIES ARE BOARD REVIEWED AND APPROVED. BOARD OF DIRECTORS ARE VOLUNTEERS AND NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EMPLOYEE SALARIES ARE BOARD REVIEWED AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CREDIT UNION BYLAWS ARE AVAILABLE UPON REQUEST AT THE CREDIT UNIONS MAIN OFFICE. QUARTERLY FINANCIAL STATEMENTS ARE DISPLAYED IN THE LOBBY WHICH IS ACCESSIBLE TO THE GENERAL PUBLIC. QUARTERLY FINANCIAL PERFORMANCE (FORM 5300 CALL REPORT) ARE AVAILABLE AT NCUA.GOV FOR ALL FEDERALLY INSURED CREDIT UNIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0163735432
IRS990/TotalAssetsEOYAmt0158016891
IRS990/TotalAssetsGrp/BOYAmt0163735432
IRS990/TotalAssetsGrp/EOYAmt0158016891
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt048
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05319122
IRS990/TotalGrossUBIAmt082606
IRS990/TotalLiabilitiesBOYAmt0143586522
IRS990/TotalLiabilitiesEOYAmt0137757476
IRS990/TotalLiabilitiesGrp/BOYAmt0143586522
IRS990/TotalLiabilitiesGrp/EOYAmt0137757476
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020148910
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt020259415
IRS990/TotalOtherCompensationAmt084265
IRS990/TotalProgramServiceRevenueAmt03831235
IRS990/TotalReportableCompFromOrgAmt0437388
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05347021

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$158,016,891
Liabilities
$137,757,476
Net assets
$20,259,415
Revenue
$5,429,627
Expenses
$5,319,122
Net income
$110,505
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$154$132$21.6$6.83$5.53$1.30
2023Detailed filing. Detailed filing data is available for this year.$158$138$20.3$5.43$5.32$0.11
2022Detailed filing. Detailed filing data is available for this year.$164$144$20.1$4.42$4.31$0.10
2021Detailed filing. Detailed filing data is available for this year.$159$139$20.0$4.48$3.67$0.81
2020Detailed filing. Detailed filing data is available for this year.$143$124$19.2$4.22$3.56$0.66
2019Detailed filing. Detailed filing data is available for this year.$123$105$18.6$4.24$3.23$1.01
2018Detailed filing. Detailed filing data is available for this year.$122$104$17.6$3.88$2.87$1.00
2017Summary only. Only limited summary data is available for this year.$124$108$16.6$3.31$2.64$0.67
2016Detailed filing. Detailed filing data is available for this year.$122$106$15.9$3.09$2.53$0.56
2015Detailed filing. Detailed filing data is available for this year.$118$102$15.3$3.04$2.46$0.58
2014Detailed filing. Detailed filing data is available for this year.$115$99.9$14.7$3.07$2.34$0.74
2013Detailed filing. Detailed filing data is available for this year.$113$99.3$14.0$3.17$2.36$0.81
2012Summary only. Only limited summary data is available for this year.$113$99.4$13.2$3.43$2.79$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$100$12.6$3.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$102$12.5$3.79
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)14 • $100M-$250M nonprofits