Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2014 • EIN 38-1370951

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 03, 2015

Organization Profilewww.firstunitedcu.org
3140 Ivanrest Ave SWGrandville, MI 49418

(616) 532-9067

Siviq Scores

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

Liabilities / Assets

77th percentile

0.91x

Higher debt load relative to assets than 77% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

12th percentile

11.77x

Higher debt load relative to revenue than 12% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

28th percentile

2.7%

Higher net margin than 28% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

64th percentile

$106,938

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

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

Source year 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Balance Sheet
Liabilities / Assets77th percentile

Assets

$27,778,036

No earlier filing loaded for comparison.

Net Assets

$2,630,152

No earlier filing loaded for comparison.

Liabilities

$25,147,884

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin28th percentile

Revenue

$2,137,029

No earlier filing loaded for comparison.

Expenses

$2,079,128

No earlier filing loaded for comparison.

Net Income

$57,901

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$80M$60M$40M$20M$0Assets 2014: $27,778,036Liabilities 2014: $25,147,884Net Assets 2014: $2,630,1522014Assets 2015: $28,486,535Liabilities 2015: $25,589,498Net Assets 2015: $2,897,0372015Assets 2016: $31,530,760Liabilities 2016: $28,323,311Net Assets 2016: $3,207,4492016Assets 2017: $37,131,025Liabilities 2017: $33,688,583Net Assets 2017: $3,442,4422017Assets 2018: $37,596,050Liabilities 2018: $33,889,306Net Assets 2018: $3,706,7442018Assets 2019: $41,062,284Liabilities 2019: $36,945,019Net Assets 2019: $4,117,2652019Assets 2020: $48,393,005Liabilities 2020: $43,440,946Net Assets 2020: $4,952,0592020Assets 2021: $56,189,015Liabilities 2021: $50,225,753Net Assets 2021: $5,963,2622021Assets 2022: $64,482,840Liabilities 2022: $57,558,170Net Assets 2022: $6,924,6702022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2014

Assets$27,778,036
Liabilities$25,147,884
Net Assets$2,630,152
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Revenue 2014: $2,137,029Expenses 2014: $2,079,128Net Income 2014: $57,9012014Revenue 2015: $2,131,833Expenses 2015: $1,864,948Net Income 2015: $266,8852015Revenue 2016: $2,387,886Expenses 2016: $2,077,474Net Income 2016: $310,4122016Revenue 2017: $2,841,992Expenses 2017: $2,606,999Net Income 2017: $234,9932017Revenue 2018: $2,884,469Expenses 2018: $2,620,167Net Income 2018: $264,3022018Revenue 2019: $3,204,621Expenses 2019: $2,794,100Net Income 2019: $410,5212019Revenue 2020: $3,877,224Expenses 2020: $3,042,430Net Income 2020: $834,7942020Revenue 2021: $3,931,995Expenses 2021: $2,871,368Net Income 2021: $1,060,6272021Revenue 2022: $4,090,233Expenses 2022: $3,128,825Net Income 2022: $961,4082022Revenue 2023: $2,473,769Expenses 2023: $1,982,297Net Income 2023: $491,4722023

Highlighted filing

2014

Revenue$2,137,029
Expenses$2,079,128
Net Income$57,901
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 3, 2015
Return Version
2014v5.0
Gross Receipts
$2,137,029
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$19,754,609$20,131,400▲ $376,791
Savings and Temporary Cash Investments$5,114,841$5,082,927▼ $31,914
Rtn Earn Endowment Incm Other Fnds$2,572,251$2,630,152▲ $57,901
Investments Other Securities$871,100$871,100→ $0
Land, Buildings, and Equipment, Net$834,286$635,735▼ $198,551
Cash and Non-Interest-Bearing Accounts$182,004$151,978▼ $30,026
Prepaid Expenses and Deferred Charges-$67,198-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$27,361,250$27,778,036▲ $416,786
Other Assets Total$604,410$837,698▲ $233,288
Liabilities
Other Liabilities$24,020,445$24,620,646▲ $600,201
Accounts Payable and Accrued Expenses$768,554$527,238▼ $241,316
Total Liabilities$24,788,999$25,147,884▲ $358,885
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,572,251$2,630,152▲ $57,901
Total Liabilities and Net Assets / Fund Balance$27,361,250$27,778,036▲ $416,786

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$399,294$467,733$867,027
Land$188,497-$188,497
Other Land Buildings$47,944$19,168$67,112
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mark A RichterPresident/CEOFT$106,938$106,938

Board Members and Trustees

NameTitle
Randall M BakerChairperson
Mark DeryloVice Chair
Johnathan PopeDirector
Kevin HelderDirector
Laurie HullDirector
Angela ZylstraSecretary
Anthony RussoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,059,441
Investment Income
$50,008
Other Revenue
$27,580
Change in Net Assets
$57,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,554,536
Salaries, Compensation, and Employee Benefits$524,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$310,711
Interest---$138,909
Office Expenses---$111,386
Current Officers, Directors, Trustees, and Key Employees---$106,938
Information Technology---$96,722
Occupancy---$71,076
Other Expenses---$57,877
Advertising---$56,081
Depreciation Depletion---$53,439
Payroll Taxes---$49,003
Other Employee Benefits---$43,387
Travel---$27,734
All Other Expenses---$19,682
Fees for Services Accounting---$15,304
Pension Plan Contributions---$14,553
Insurance---$14,501
Fees for Services Legal---$2,536
Total Functional Expenses$0$0$0$2,079,128
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
Lobbying 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$15,576,690
Member Deposits$9,043,956
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No
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, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Credit Union is composed of members.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Mergers are voted on by entire membership.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Credit union bylaws are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.”

Filing and Contact Details

Filer

Filer Name
First United Credit Union
EIN
38-1370951
Phone
6165329067
Address
3140 Ivanrest Ave SW, Grandville, MI 49418

Signing Officer

Name
Mark A Richter
Title
President/CEO
Signed
2015-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark A Richter
Formed
1937
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
30
Volunteers
9

Preparer

Firm
Financial Standards Group Inc
Address
3615 NEWBURG ROAD, LOUISVILLE, KY 40218
Preparer
Robin Rivers
Phone
8005225820
Raw XML Appendix397 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0768554
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0527238
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide financial services and products to members.
IRS990/AdvertisingGrp/TotalAmt056081
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt019682
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Mark A Richter
IRS990/BooksInCareOfDetail/PhoneNum06165329067
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03140 Ivanrest Ave SW
IRS990/BooksInCareOfDetail/USAddress/CityNm0Grandville
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049418
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0182004
IRS990/CashNonInterestBearingGrp/EOYAmt0151978
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0106938
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt050008
IRS990/CYOtherExpensesAmt01554536
IRS990/CYOtherRevenueAmt027580
IRS990/CYProgramServiceRevenueAmt02059441
IRS990/CYRevenuesLessExpensesAmt057901
IRS990/CYSalariesCompEmpBnftPaidAmt0524592
IRS990/CYTotalExpensesAmt02079128
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02137029
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt053439
IRS990/Desc0The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2014 was 5,012.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt030
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt015304
IRS990/FeesForServicesLegalGrp/TotalAmt02536
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0Randall M Baker
IRS990/Form990PartVIISectionAGrp/PersonNm1Mark Derylo
IRS990/Form990PartVIISectionAGrp/PersonNm2Anthony Russo
IRS990/Form990PartVIISectionAGrp/PersonNm3Angela Zylstra
IRS990/Form990PartVIISectionAGrp/PersonNm4Kevin Helder
IRS990/Form990PartVIISectionAGrp/PersonNm5Laurie Hull
IRS990/Form990PartVIISectionAGrp/PersonNm6Johnathan Pope
IRS990/Form990PartVIISectionAGrp/PersonNm7Mark A Richter
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7106938
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/TitleTxt0Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7President/CEO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01937
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02137029
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt096722
IRS990/InsuranceGrp/TotalAmt014501
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0138909
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt050008
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt050008
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0871100
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0871100
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt0180
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0486901
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0834286
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0635735
IRS990/LandBldgEquipCostOrOtherBssAmt01122636
IRS990/LegalDomicileStateCd0MI
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide financial services and products to members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02572251
IRS990/NetAssetsOrFundBalancesEOYAmt02630152
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt04232
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt071076
IRS990/OfficeExpensesGrp/TotalAmt0111386
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0604410
IRS990/OtherAssetsTotalGrp/EOYAmt0837698
IRS990/OtherEmployeeBenefitsGrp/TotalAmt043387
IRS990/OtherExpensesGrp/Desc0Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc1Loan Servicing Expense
IRS990/OtherExpensesGrp/Desc2Prof & Outside Services
IRS990/OtherExpensesGrp/Desc3ATM Expense
IRS990/OtherExpensesGrp/TotalAmt0521209
IRS990/OtherExpensesGrp/TotalAmt1258349
IRS990/OtherExpensesGrp/TotalAmt2109731
IRS990/OtherExpensesGrp/TotalAmt357877
IRS990/OtherLiabilitiesGrp/BOYAmt024020445
IRS990/OtherLiabilitiesGrp/EOYAmt024620646
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/Desc0Insurance Reimbursements
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014804
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027580
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt012776
IRS990/OtherRevenueTotalAmt027580
IRS990/OtherSalariesAndWagesGrp/TotalAmt0310711
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt019754609
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt020131400
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt049003
IRS990/PensionPlanContributionsGrp/TotalAmt014553
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt067198
IRS990/PrincipalOfficerNm0Mark A Richter
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/Desc0Fees and Charges
IRS990/ProgramServiceRevenueGrp/Desc1Interchange Income
IRS990/ProgramServiceRevenueGrp/Desc2Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc3Other Operating Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0369854
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt187135
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21594680
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt37772
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0369854
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt187135
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21594680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37772
IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2014 was 2,844.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt015376
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0361922
IRS990/PYOtherRevenueAmt09092
IRS990/PYProgramServiceRevenueAmt0510055
IRS990/PYRevenuesLessExpensesAmt043000
IRS990/PYSalariesCompEmpBnftPaidAmt0129601
IRS990/PYTotalExpensesAmt0491523
IRS990/PYTotalRevenueAmt0534523
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt057901
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02572251
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02630152
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05114841
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05082927
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0399294
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0467733
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0867027
IRS990ScheduleD/LandGrp/BookValueAmt0188497
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0188497
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt047944
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019168
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt067112
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09043956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115576690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0635735
IRS990ScheduleD/TotalLiabilityAmt024620646
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Credit Union is composed of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mergers are voted on by entire membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Credit union bylaws are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt027361250
IRS990/TotalAssetsEOYAmt027778036
IRS990/TotalAssetsGrp/BOYAmt027361250
IRS990/TotalAssetsGrp/EOYAmt027778036
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02079128
IRS990/TotalGrossUBIAmt012776
IRS990/TotalLiabilitiesBOYAmt024788999
IRS990/TotalLiabilitiesEOYAmt025147884
IRS990/TotalLiabilitiesGrp/BOYAmt024788999
IRS990/TotalLiabilitiesGrp/EOYAmt025147884
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02572251
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02630152
IRS990/TotalProgramServiceRevenueAmt02059441
IRS990/TotalReportableCompFromOrgAmt0106938
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02124253
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02137029
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt012776
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt027361250
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027778036
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt027734
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03140 Ivanrest Ave SW
IRS990/USAddress/CityNm0Grandville
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049418
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.firstunitedcu.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mark A Richter
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President/CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0First United Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0381370951
ReturnHeader/Filer/PhoneNum06165329067
ReturnHeader/Filer/USAddress/AddressLine1Txt03140 Ivanrest Ave SW
ReturnHeader/Filer/USAddress/CityNm0Grandville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049418
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03615 NEWBURG ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040218
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robin Rivers
ReturnHeader/ReturnTs02015-04-03T12:00:40-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,778,036
Liabilities
$25,147,884
Net assets
$2,630,152
Revenue
$2,137,029
Expenses
$2,079,128
Net income
$57,901
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.47$1.98$0.49
2022Detailed filing. Detailed filing data is available for this year.$64.5$57.6$6.92$4.09$3.13$0.96
2021Detailed filing. Detailed filing data is available for this year.$56.2$50.2$5.96$3.93$2.87$1.06
2020Detailed filing. Detailed filing data is available for this year.$48.4$43.4$4.95$3.88$3.04$0.83
2019Detailed filing. Detailed filing data is available for this year.$41.1$36.9$4.12$3.20$2.79$0.41
2018Detailed filing. Detailed filing data is available for this year.$37.6$33.9$3.71$2.88$2.62$0.26
2017Detailed filing. Detailed filing data is available for this year.$37.1$33.7$3.44$2.84$2.61$0.23
2016Detailed filing. Detailed filing data is available for this year.$31.5$28.3$3.21$2.39$2.08$0.31
2015Detailed filing. Detailed filing data is available for this year.$28.5$25.6$2.90$2.13$1.86$0.27
2014Detailed filing. Detailed filing data is available for this year.$27.8$25.1$2.63$2.14$2.08$0.06