Civic Intelligence

Father Kramer Credit Union

990 • Fiscal year 2011 • EIN 38-1366964

Jan 01, 2011 to Dec 31, 2011 • Filed on Jan 25, 2012

7350 Bernice48015
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$7,173,522

Flat from 2011

Net Assets

Flat

$1,085,910

Flat from 2011

Liabilities

Flat

$6,087,612

Flat from 2011

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$373,419

Flat from 2011

Net Income

-

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.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,024,975Liabilities 2010: $5,795,934Net Assets 2010: $1,229,0412010Assets 2011: $7,173,522Liabilities 2011: $6,087,612Net Assets 2011: $1,085,9102011Assets 2011: $7,173,522Liabilities 2011: $6,087,612Net Assets 2011: $1,085,9102011

Highlighted filing

2011

Assets$7,173,522
Liabilities$6,087,612
Net Assets$1,085,910

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $356,9052010Expenses 2011: $373,4192011Revenue 2011: $230,288Expenses 2011: $373,419Net Income 2011: -$143,1312011

Highlighted filing

2011

Revenue-
Expenses$373,419
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Jan 25, 2012
Return Version
2011v1.2
Gross Receipts
$230,288
Filing and Contact Details

Filer

EIN
38-1366964
Raw XML Appendix386 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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IRS990ScheduleN/Form990ScheduleNPartIII/Explanation0A MERGER AGREEMENT WAS MADE AND ENTERED INTO ON MAY 31 2011 BY AND BETWEEN LAKE TRUST CREDIT UNION CONTINUING CREDIT UNION CHARTER 62047 AND FATHER KRAMER CREDIT UNION MERGING CREDIT UNION THE EFFECTIVE DATE OF THE MERGER SHALL BE JANUARY 1 2012 UNDER THE TERMS OF THE MERGER AGREEMENT THE MERGING CREDIT UNION DOES HEREBY SELL ASSIGN TRANSFER SET OVER AND CONVEY UNTO THE CONTINUING CREDIT UNION ALL OF ITS ASSETS RIGHTS AND PROPERTY IN CONSIDERATION OF THE TRANSFER OF ASSETS AS SET FORTH ABOVE THE CONTINUING CREDIT UNION DOES HEREBY ASSUME AND AGREE TO PAY ALL OF THE LIABILITIES OF THE MERGING CREDIT UNION AND THE CONTINUING CREDIT UNION AGREES THAT ALL OF THE MEMBERS OF THE MERGING CREDIT UNION AS OF THE EFFECTIVE DATE OF THE MERGER WILL BECOME MEMBERS OF THE CONTINUING CREDIT UNION AND THAT THEY WILL BE ENTITLED TO AND THE CONTINUING CREDIT UNION WILL ISSUE TO THEM WITHOUT ADJUSTMENT THE SAME AMOUNT IN SHARES CERTIFICATES AND DEPOSITS IN THE CONTINUING CREDIT UNION WHICH THEY HELD IN THE MERGING CREDIT UNION AS OF THE EFFECTIVE DATE OF THE MERGER THE BOARD OF DIRECTORS OF THE CONTINUING CREDIT UNION SHALL REMAIN UNCHANGED NONE OF THE MEMBERS OF THE MERGING CREDIT UNIONS BOARD OF DIRECTORS SHALL BECOME MEMBERS OF THE CONTINUING CREDIT UNIONS BOARD OF DIRECTORS THE NAME OF THE CONTINUING CREDIT UNION SHALL REMAIN LAKE TRUST CREDIT UNION
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IRS990ScheduleO/GeneralExplanation/Explanation0A MEMBER OWNED QUALITY SERVICE ORIENTED CREDIT UNION POSITIONED TO MEET THE FINANCIAL NEEDS OF ITS MEMBERS IN A PERSONABLE AND COURTEOUS MANNER.
IRS990ScheduleO/GeneralExplanation/Explanation1THE ORGANIZATION'S MEMBERS (SHAREHOLDERS) ELECT THE ORGANIZATION'S GOVERNING BODY (DIRECTORS) ANNUALLY IN ACCORDANCE WITH THE CREDIT UNION'S BYLAWS.
IRS990ScheduleO/GeneralExplanation/Explanation2APPROVAL OF THE ORGANIZATION'S MEMBERS IS REQUIRED TO CHANGE THE CREDIT UNION'S BYLAWS.
IRS990ScheduleO/GeneralExplanation/Explanation3A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation4OFFICERS, DIRECTORS, & COMMITTEE MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/GeneralExplanation/Explanation5THE PROCESS FOR DETERMINING COMPENSATION OF THE CEO INCLUDES A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
IRS990ScheduleO/GeneralExplanation/Explanation6THE PROCESS FOR DETERMINING COMPENSATION OF OTHER EMPLOYEES INCLUDES A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
IRS990ScheduleO/GeneralExplanation/Explanation7THE BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY ON A MONTHLY BASIS.
IRS990ScheduleO/GeneralExplanation/Identifier0ALL OTHER ACCOMPLISHMENT DESCRIPTION
IRS990ScheduleO/GeneralExplanation/Identifier1ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier2DECISIONS SUBJECT TO APPROVAL OF MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier3ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier4ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier6COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier7GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
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ReturnHeader/Filer/EIN0381366964
ReturnHeader/Filer/Name/BusinessNameLine10FATHER KRAMER CREDIT UNION
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ReturnHeader/Filer/Phone05867548010
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ReturnHeader/Officer/DateSigned02012-01-25
ReturnHeader/Officer/Name0SUSAN M HUGHES
ReturnHeader/Officer/Phone05867548010
ReturnHeader/Officer/Title0CEO/TREASURER
ReturnHeader/Preparer/DatePrepared02012-03-07
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10ADDISON & ADDISON PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1020630 HARPER AVE STE 110
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0HARPER WOODS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MI
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0482251448
ReturnHeader/Preparer/Name0JOHN T ADDISON II
ReturnHeader/Preparer/Phone03138814181
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02011-01-01
ReturnHeader/TaxPeriodEndDate02011-12-31
ReturnHeader/TaxYear02011
ReturnHeader/Timestamp02012-03-07T12:58:59-06:00

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