Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2015 • EIN 38-1384940

Jan 01, 2015 to Dec 31, 2015 • Filed on May 06, 2016

Organization Profilewww.bessercu.com
1381 N Bagley StAlpena, MI 49707

(989) 356-1880

Siviq Scores

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

Liabilities / Assets

60th percentile

0.90x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

23.35x

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

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Net Margin

81st percentile

17%

Higher net margin than 81% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

21st percentile

$104,813

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Asset Growth

50th percentile

4.0%

Faster asset growth than 50% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

3.6%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$67,936,470

Up $2,639,766 (+4.0%) from 2014

Net Assets

Up

$7,001,252

Up $484,945 (+7.4%) from 2014

Liabilities

Up

$60,935,218

Up $2,154,821 (+3.7%) from 2014

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin81st percentile

Revenue

Up

$2,610,080

Up $91,687 (+3.6%) from 2014

Expenses

Down

$2,161,157

Down $69,956 (-3.1%) from 2014

Net Income

Up

$448,923

Up $161,643 (+56%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2015

Assets$67,936,470
Liabilities$60,935,218
Net Assets$7,001,252
Open 2015 Filing

Operations Trend

Revenue Growth63rd percentile

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

2015

Revenue$2,610,080
Expenses$2,161,157
Net Income$448,923
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 6, 2016
Return Version
2015v2.0
Gross Receipts
$2,610,080
Mission and Program Overview

Mission

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

Member owned financial family dedicated to friendly, quality, efficient financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$27,511,174$28,279,645▲ $768,471
Investments in Publicly Traded Securities-$18,353,137-
Savings and Temporary Cash Investments$16,212,619$15,435,189▼ $777,430
Rtn Earn Endowment Incm Other Fnds$6,516,307$7,001,252▲ $484,945
Investments Other Securities$18,047,099$2,515,405▼ $15,531,694
Cash and Non-Interest-Bearing Accounts$1,187,595$1,313,859▲ $126,264
Land, Buildings, and Equipment, Net$918,122$856,299▼ $61,823
Prepaid Expenses and Deferred Charges$54,617$39,627▼ $14,990
Accounts Receivable-$0-
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$65,296,704$67,936,470▲ $2,639,766
Other Assets Total$1,365,478$1,143,309▼ $222,169
Liabilities
Other Liabilities$58,464,353$60,305,590▲ $1,841,237
Accounts Payable and Accrued Expenses$316,044$629,628▲ $313,584
Total Liabilities$58,780,397$60,935,218▲ $2,154,821
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,516,307$7,001,252▲ $484,945
Total Liabilities and Net Assets / Fund Balance$65,296,704$67,936,470▲ $2,639,766

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$95,096$806,707$901,803
Buildings$493,688$359,300$852,988
Land$252,082-$252,082
Leasehold Improvements$15,433$71,622$87,055
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy K MontieManager/CEOFT$86,092$18,721$104,813

Board Members and Trustees

NameTitle
Robert A GrochowskiChairman
Jerry E PetersonVice President
Nancy J SmithemDirector
Patrick R RichardDirector
Robert L RossDirector
William J ForbushDirector
Randall T BoboltzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,109,006
Investment Income
$488,297
Other Revenue
$12,777
Change in Net Assets
$448,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,350,101
Salaries, Compensation, and Employee Benefits$811,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$463,957
Other Employee Benefits---$242,286
Office Expenses---$219,305
Interest---$153,648
Occupancy---$113,730
Current Officers, Directors, Trustees, and Key Employees---$104,813
Advertising---$73,062
Depreciation Depletion---$57,738
Insurance---$56,633
Other Expenses---$52,901
Travel---$52,724
All Other Expenses---$39,764
Total Functional Expenses$0$0$0$2,161,157
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
Share Accounts$60,305,588
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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, 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, conflict of interest policy, and whistleblower 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.”

Filing and Contact Details

Filer

Filer Name
Credit Unions Chartered in the State of
EIN
38-1384940
Phone
9893561880
Address
1381 N Bagley St, Alpena, MI 49707

Signing Officer

Name
Nancy K Montie
Title
Manager/CEO
Signed
2016-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy K Montie
Formed
1950
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
23
Volunteers
11

Preparer

Firm
Financial Standards Group Inc
Address
3615 NEWBURG RD, LOUISVILLE, KY 40218
Preparer
William Arvo CPA
Phone
8005225820
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Member Fines & Fees = -$400”

Other Changes In Net Assets Or Fund Balances - Other Increases

“REGULAR RESERVE = $883”

Raw XML AppendixShowing 400 of 410 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/OtherExpensesGrp/TotalAmt2143479
IRS990/OtherExpensesGrp/TotalAmt352901
IRS990/OtherLiabilitiesGrp/BOYAmt058464353
IRS990/OtherLiabilitiesGrp/EOYAmt060305590
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0Non-Member ATM Fees
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012777
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt012777
IRS990/OtherRevenueTotalAmt012777
IRS990/OtherSalariesAndWagesGrp/TotalAmt0463957
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt027511174
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt028279645
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt054617
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039627
IRS990/PrincipalOfficerNm0Nancy K Montie
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/Desc0Fees and Charges
IRS990/ProgramServiceRevenueGrp/Desc1Interchange Income
IRS990/ProgramServiceRevenueGrp/Desc2Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc3Other Program Service Inc
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0276679
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1262510
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21388556
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3181261
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0276679
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1262510
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21388556
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3181261
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 12/31/2015 was 4,320.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0456118
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01369238
IRS990/PYOtherRevenueAmt023951
IRS990/PYProgramServiceRevenueAmt02038324
IRS990/PYRevenuesLessExpensesAmt0287280
IRS990/PYSalariesCompEmpBnftPaidAmt0861875
IRS990/PYTotalExpensesAmt02231113
IRS990/PYTotalRevenueAmt02518393
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0448923
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06516307
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07001252
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016212619
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015435189
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0493688
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0359300
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0852988
IRS990ScheduleD/LandGrp/BookValueAmt0252082
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0252082
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt015433
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt071622
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt087055
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt095096
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0806707
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0901803
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160305588
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Share Accounts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0856299
IRS990ScheduleD/TotalLiabilityAmt060305590
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, conflict of interest policy, and whistleblower 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/SupplementalInformationDetail/ExplanationTxt7Member Fines & Fees = -$400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8REGULAR RESERVE = $883
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt065296704
IRS990/TotalAssetsEOYAmt067936470
IRS990/TotalAssetsGrp/BOYAmt065296704
IRS990/TotalAssetsGrp/EOYAmt067936470
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02161157
IRS990/TotalGrossUBIAmt012777
IRS990/TotalLiabilitiesBOYAmt058780397
IRS990/TotalLiabilitiesEOYAmt060935218
IRS990/TotalLiabilitiesGrp/BOYAmt058780397
IRS990/TotalLiabilitiesGrp/EOYAmt060935218
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06516307
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07001252
IRS990/TotalOtherCompensationAmt018721
IRS990/TotalProgramServiceRevenueAmt02109006
IRS990/TotalReportableCompFromOrgAmt086092
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02597303
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02610080
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt012777
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt065296704
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt067936470
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt052724
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01381 N Bagley St
IRS990/USAddress/CityNm0Alpena
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049707
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.bessercu.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Nancy K Montie
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager/CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Credit Unions Chartered in the State of
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Michigan 1099 Besser Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0CRED
ReturnHeader/Filer/EIN0381384940
ReturnHeader/Filer/PhoneNum09893561880
ReturnHeader/Filer/USAddress/AddressLine1Txt01381 N Bagley St
ReturnHeader/Filer/USAddress/CityNm0Alpena
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049707
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03615 NEWBURG RD

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$67,936,470
Liabilities
$60,935,218
Net assets
$7,001,252
Revenue
$2,610,080
Expenses
$2,161,157
Net income
$448,923
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