Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2012 • EIN 38-1384940

Jan 01, 2012 to Dec 31, 2012 • Filed on May 31, 2013

Organization ProfileWWW.WOLVERINESCU.COM
1381 N Bagley St49707
Siviq Scores

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

Liabilities / Assets

65th percentile

0.90x

Higher debt load relative to assets than 65% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

63rd percentile

6.3%

Faster asset growth than 63% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$63,462,088

Up $3,764,053 (+6.3%) from 2011

Net Assets

Up

$6,045,336

Up $619,041 (+11%) from 2011

Liabilities

Up

$57,416,752

Up $3,145,012 (+5.8%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$2,274,504

Down $182,372 (-7.4%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$200M$150M$100M$50M$0Assets 2010: $56,750,234Liabilities 2010: $51,490,785Net Assets 2010: $5,259,4492010Assets 2011: $59,698,035Liabilities 2011: $54,271,740Net Assets 2011: $5,426,2952011Assets 2012: $63,462,088Liabilities 2012: $57,416,752Net Assets 2012: $6,045,3362012Assets 2013: $63,623,707Liabilities 2013: $57,709,114Net Assets 2013: $5,914,5932013Assets 2014: $65,296,704Liabilities 2014: $58,780,397Net Assets 2014: $6,516,3072014Assets 2015: $67,936,470Liabilities 2015: $60,935,218Net Assets 2015: $7,001,2522015Assets 2016: $70,671,128Liabilities 2016: $63,481,553Net Assets 2016: $7,189,5752016Assets 2017: $98,337,840Liabilities 2017: $87,893,492Net Assets 2017: $10,444,3482017Assets 2018: $102,471,911Liabilities 2018: $91,692,714Net Assets 2018: $10,779,1972018Assets 2019: $103,627,492Liabilities 2019: $91,655,453Net Assets 2019: $11,972,0392019Assets 2020: $122,996,267Liabilities 2020: $110,199,778Net Assets 2020: $12,796,4892020Assets 2021: $141,555,173Liabilities 2021: $128,777,179Net Assets 2021: $12,777,9942021Assets 2022: $143,548,355Liabilities 2022: $132,734,495Net Assets 2022: $10,813,8602022Assets 2023: $140,518,712Liabilities 2023: $127,778,274Net Assets 2023: $12,740,4382023Assets 2024: $158,152,334Liabilities 2024: $143,646,480Net Assets 2024: $14,505,8542024

Highlighted filing

2012

Assets$63,462,088
Liabilities$57,416,752
Net Assets$6,045,336
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0Expenses 2010: $2,747,6542010Expenses 2011: $2,456,8762011Expenses 2012: $2,274,5042012Revenue 2013: $2,513,588Expenses 2013: $2,182,264Net Income 2013: $331,3242013Revenue 2014: $2,518,393Expenses 2014: $2,231,113Net Income 2014: $287,2802014Revenue 2015: $2,610,080Expenses 2015: $2,161,157Net Income 2015: $448,9232015Revenue 2016: $2,858,085Expenses 2016: $2,389,927Net Income 2016: $468,1582016Revenue 2017: $4,330,231Expenses 2017: $3,539,524Net Income 2017: $790,7072017Revenue 2018: $4,646,344Expenses 2018: $3,810,377Net Income 2018: $835,9672018Revenue 2019: $5,169,865Expenses 2019: $4,732,277Net Income 2019: $437,5882019Revenue 2020: $5,050,480Expenses 2020: $4,606,768Net Income 2020: $443,7122020Revenue 2021: $5,526,889Expenses 2021: $5,003,667Net Income 2021: $523,2222021Revenue 2022: $6,150,132Expenses 2022: $5,594,253Net Income 2022: $555,8792022Revenue 2023: $7,259,412Expenses 2023: $6,216,925Net Income 2023: $1,042,4872023Revenue 2024: $8,498,738Expenses 2024: $7,517,019Net Income 2024: $981,7192024

Highlighted filing

2012

Revenue-
Expenses$2,274,504
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 31, 2013
Return Version
2012v2.0
Gross Receipts
$2,704,550
Mission and Program Overview

Mission

To be michigan's leading credit union, dedicated to the financial success of every member.

Major Activities

Activity 2
The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2012 was 4,252
Filing and Contact Details

Filer

EIN
38-1384940
Raw XML AppendixShowing 400 of 448 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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IRS990ScheduleO/GeneralExplanation/Explanation0rather than going through the income stmt. = $0
IRS990ScheduleO/GeneralExplanation/Explanation1Member Fees & Fines = $462
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IRS990ScheduleO/GeneralExplanation/Explanation3.Both amounts moved directly into Equity, = $0
IRS990ScheduleO/GeneralExplanation/Explanation4Credit union bylaws and conflict of interest policy 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/GeneralExplanation/Explanation5Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/GeneralExplanation/Explanation6Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.
IRS990ScheduleO/GeneralExplanation/Explanation7Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/GeneralExplanation/Explanation8Mergers are voted on by entire membership.
IRS990ScheduleO/GeneralExplanation/Explanation9Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.
IRS990ScheduleO/GeneralExplanation/Explanation10Credit Union is composed of members.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part XI, Line 9
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part XI, Line 9
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part XI, Line 9
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part XI, Line 9
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Line 15b
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier7Form 990, Part VI, Line 11b
IRS990ScheduleO/GeneralExplanation/Identifier8Form 990, Part VI, Line 7b
IRS990ScheduleO/GeneralExplanation/Identifier9Form 990, Part VI, Line 7a
IRS990ScheduleO/GeneralExplanation/Identifier10Form 990, Part VI, Line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference0Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/GeneralExplanation/ReturnReference1Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/GeneralExplanation/ReturnReference2Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/GeneralExplanation/ReturnReference3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference8Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/GeneralExplanation/ReturnReference9Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/GeneralExplanation/ReturnReference10Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
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IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine101381 N Bagley St
IRS990/TheBooksAreInCareOf/AddressUS/City0Alpena
IRS990/TheBooksAreInCareOf/AddressUS/State0MI
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode049707
IRS990/TheBooksAreInCareOf/NamePerson0Nancy K Montie
IRS990/TheBooksAreInCareOf/TelephoneNumber09893561880
IRS990/TotalAssets/BOY059698035
IRS990/TotalAssetsBOY059698035
IRS990/TotalAssets/EOY063462088
IRS990/TotalAssetsEOY063462088
IRS990/TotalCompGT150K0false
IRS990/TotalContributions00
IRS990/TotalExpensesCurrentYear02274504
IRS990/TotalExpensesPriorYear02456876
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices00
IRS990/TotalFunctionalExpenses/Total02274504
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI027914
IRS990/TotalLiabilities/BOY054272233
IRS990/TotalLiabilitiesBOY054272233
IRS990/TotalLiabilities/EOY057416752
IRS990/TotalLiabilitiesEOY057416752
IRS990/TotalLiabNetAssetsFundBalances/BOY059698035
IRS990/TotalLiabNetAssetsFundBalances/EOY063462088
IRS990/TotalNbrEmployees021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$63,462,088
Liabilities
$57,416,752
Net assets
$6,045,336
Revenue
-
Expenses
$2,274,504
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$158$144$14.5$8.50$7.52$0.98
2023Detailed filing. Detailed filing data is available for this year.$141$128$12.7$7.26$6.22$1.04
2022Detailed filing. Detailed filing data is available for this year.$144$133$10.8$6.15$5.59$0.56
2021Detailed filing. Detailed filing data is available for this year.$142$129$12.8$5.53$5.00$0.52
2020Detailed filing. Detailed filing data is available for this year.$123$110$12.8$5.05$4.61$0.44
2019Detailed filing. Detailed filing data is available for this year.$104$91.7$12.0$5.17$4.73$0.44
2018Detailed filing. Detailed filing data is available for this year.$102$91.7$10.8$4.65$3.81$0.84
2017Summary only. Only limited summary data is available for this year.$98.3$87.9$10.4$4.33$3.54$0.79
2016Detailed filing. Detailed filing data is available for this year.$70.7$63.5$7.19$2.86$2.39$0.47
2015Detailed filing. Detailed filing data is available for this year.$67.9$60.9$7.00$2.61$2.16$0.45
2014Detailed filing. Detailed filing data is available for this year.$65.3$58.8$6.52$2.52$2.23$0.29
2013Detailed filing. Detailed filing data is available for this year.$63.6$57.7$5.91$2.51$2.18$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.5$57.4$6.05$2.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.7$54.3$5.43$2.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.8$51.5$5.26$2.75