Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2016 • EIN 38-1384940

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 10, 2018

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

63rd percentile

0.90x

Higher debt load relative to assets than 63% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

22.21x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

77th percentile

16%

Higher net margin than 77% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

55th percentile

$138,807

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

54th percentile

4.0%

Faster asset growth than 54% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

9.5%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$70,671,128

Up $2,734,658 (+4.0%) from 2015

Net Assets

Up

$7,189,575

Up $188,323 (+2.7%) from 2015

Liabilities

Up

$63,481,553

Up $2,546,335 (+4.2%) from 2015

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin77th percentile

Revenue

Up

$2,858,085

Up $248,005 (+9.5%) from 2015

Expenses

Up

$2,389,927

Up $228,770 (+11%) from 2015

Net Income

Up

$468,158

Up $19,235 (+4.3%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2016

Assets$70,671,128
Liabilities$63,481,553
Net Assets$7,189,575
Open 2016 Filing

Operations Trend

Revenue Growth81st 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

2016

Revenue$2,858,085
Expenses$2,389,927
Net Income$468,158
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 10, 2018
Return Version
2016v3.0
Gross Receipts
$2,858,085
Mission and Program Overview

Mission

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$28,279,645$30,229,975▲ $1,950,330
Investments in Publicly Traded Securities$18,353,137$17,435,303▼ $917,834
Savings and Temporary Cash Investments$15,435,189$14,813,003▼ $622,186
Rtn Earn Endowment Incm Other Fnds$7,001,252$7,189,575▲ $188,323
Investments Other Securities$2,515,405$5,134,535▲ $2,619,130
Cash and Non-Interest-Bearing Accounts$1,313,859$1,147,871▼ $165,988
Land, Buildings, and Equipment, Net$856,299$890,553▲ $34,254
Accounts Receivable-$46,883-
Prepaid Expenses and Deferred Charges$39,627$15,123▼ $24,504
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$67,936,470$70,671,128▲ $2,734,658
Other Assets Total$1,143,309$957,882▼ $185,427
Liabilities
Other Liabilities$60,305,590$63,143,486▲ $2,837,896
Accounts Payable and Accrued Expenses$629,628$338,067▼ $291,561
Total Liabilities$60,935,218$63,481,553▲ $2,546,335
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,001,252$7,189,575▲ $188,323
Total Liabilities and Net Assets / Fund Balance$67,936,470$70,671,128▲ $2,734,658

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$117,161$744,058$861,219
Buildings$467,040$282,007$749,047
Land$252,082-$252,082
Leasehold Improvements$54,270$183,013$237,283
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy K MontieManager/CEOFT$98,952$39,855$138,807

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,216,597
Investment Income
$558,422
Other Revenue
$83,066
Change in Net Assets
$468,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,495,546
Salaries, Compensation, and Employee Benefits$894,381
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$497,783
Other Employee Benefits---$257,791
Office Expenses---$242,867
Interest---$152,599
Other Expenses---$146,022
Current Officers, Directors, Trustees, and Key Employees---$138,807
Occupancy---$120,221
Advertising---$69,309
Travel---$68,788
Depreciation Depletion---$52,923
Insurance---$26,759
All Other Expenses---$26,296
Total Functional Expenses$0$0$0$2,389,927
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
Other Liabilities$63,143,485
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Besser Credit Union
EIN
38-1384940
Phone
9893561880
Address
1381 N Bagley St, Alpena, MI 49707

Signing Officer

Name
Nicholas Montie
Title
Manager/CEO
Signed
2018-04-10
Discuss with paid preparer
Yes

Organization Details

Formed
1950
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
26
Volunteers
11

Preparer

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

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Adjustment to Regular Reserve = $602”

Amended Explanation

“Ommission of Form 8925; detail on Credit Union owned life insurance on employee.”

Raw XML AppendixShowing 400 of 418 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/TotalAmt0212101
IRS990/OtherExpensesGrp/TotalAmt1204661
IRS990/OtherExpensesGrp/TotalAmt2173000
IRS990/OtherExpensesGrp/TotalAmt3146022
IRS990/OtherLiabilitiesGrp/BOYAmt060305590
IRS990/OtherLiabilitiesGrp/EOYAmt063143486
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/BusinessCd2525990
IRS990/OtherRevenueMiscGrp/Desc0GAP Insurance Income
IRS990/OtherRevenueMiscGrp/Desc1Non-Member ATM Fees
IRS990/OtherRevenueMiscGrp/Desc2Shared Branching Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt049310
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt117124
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt049310
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt112594
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt217124
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt012594
IRS990/OtherRevenueTotalAmt080966
IRS990/OtherSalariesAndWagesGrp/TotalAmt0497783
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt028279645
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt030229975
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039627
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015123
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/RelatedOrExemptFuncIncomeAmt0284131
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1275822
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21502007
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3154637
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0284131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1275822
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21502007
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3154637
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 12/31/2016 was 4,717.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0488297
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01350101
IRS990/PYOtherRevenueAmt012777
IRS990/PYProgramServiceRevenueAmt02109006
IRS990/PYRevenuesLessExpensesAmt0448923
IRS990/PYSalariesCompEmpBnftPaidAmt0811056
IRS990/PYTotalExpensesAmt02161157
IRS990/PYTotalRevenueAmt02610080
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0468158
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt02100
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07001252
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07189575
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015435189
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014813003
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0467040
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0282007
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0749047
IRS990ScheduleD/LandGrp/BookValueAmt0252082
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0252082
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt054270
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0183013
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0237283
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0117161
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0744058
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0861219
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt063143485
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0890553
IRS990ScheduleD/TotalBookValueSecuritiesAmt05134535
IRS990ScheduleD/TotalLiabilityAmt063143486
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/ExplanationTxt7Adjustment to Regular Reserve = $602
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Ommission of Form 8925; detail on Credit Union owned life insurance on employee.
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 Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Amended Explanation
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt067936470
IRS990/TotalAssetsEOYAmt070671128
IRS990/TotalAssetsGrp/BOYAmt067936470
IRS990/TotalAssetsGrp/EOYAmt070671128
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02389927
IRS990/TotalGrossUBIAmt016632
IRS990/TotalLiabilitiesBOYAmt060935218
IRS990/TotalLiabilitiesEOYAmt063481553
IRS990/TotalLiabilitiesGrp/BOYAmt060935218
IRS990/TotalLiabilitiesGrp/EOYAmt063481553
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07001252
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07189575
IRS990/TotalOtherCompensationAmt039855
IRS990/TotalProgramServiceRevenueAmt02216597
IRS990/TotalReportableCompFromOrgAmt098952
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02841453
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02858085
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt016632
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt067936470
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt070671128
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt068788
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.bessercu.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Nicholas Montie
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager/CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Besser Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0BESS

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$70,671,128
Liabilities
$63,481,553
Net assets
$7,189,575
Revenue
$2,858,085
Expenses
$2,389,927
Net income
$468,158
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