Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2019 • EIN 38-1456286

Jan 01, 2019 to Dec 31, 2019 • Filed on May 14, 2020

Organization Profilewww.unitycu.com
7240 East Twelve Mile RoadWarren, MI 48092

(586) 573-4110

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.83x

Higher debt load relative to assets than 23% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

24.07x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Net Margin

83rd percentile

23%

Higher net margin than 83% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

27th percentile

$84,817

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Asset Growth

45th percentile

1.3%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

15%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$48,770,129

Up $616,691 (+1.3%) from 2018

Net Assets

Up

$8,430,728

Up $381,264 (+4.7%) from 2018

Liabilities

Up

$40,339,401

Up $235,427 (+0.6%) from 2018

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin83rd percentile

Revenue

Up

$1,675,752

Up $214,315 (+15%) from 2018

Expenses

Up

$1,294,488

Up $148,023 (+13%) from 2018

Net Income

Up

$381,264

Up $66,292 (+21%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$60M$40M$20M$0Assets 2010: $39,096,284Liabilities 2010: $32,354,829Net Assets 2010: $6,741,4552010Assets 2011: $48,750,839Liabilities 2011: $41,669,114Net Assets 2011: $7,081,7252011Assets 2012: $48,880,015Liabilities 2012: $41,650,706Net Assets 2012: $7,229,3092012Assets 2013: $46,717,028Liabilities 2013: $39,350,759Net Assets 2013: $7,366,2692013Assets 2014: $45,211,886Liabilities 2014: $37,847,141Net Assets 2014: $7,364,7452014Assets 2015: $46,128,972Liabilities 2015: $38,692,455Net Assets 2015: $7,436,5172015Assets 2016: $46,929,429Liabilities 2016: $39,327,045Net Assets 2016: $7,602,3842016Assets 2017: $47,112,961Liabilities 2017: $39,378,469Net Assets 2017: $7,734,4922017Assets 2018: $48,153,438Liabilities 2018: $40,103,974Net Assets 2018: $8,049,4642018Assets 2019: $48,770,129Liabilities 2019: $40,339,401Net Assets 2019: $8,430,7282019Assets 2020: $54,388,323Liabilities 2020: $45,757,027Net Assets 2020: $8,631,2962020

Highlighted filing

2019

Assets$48,770,129
Liabilities$40,339,401
Net Assets$8,430,728
Open 2019 Filing

Operations Trend

Revenue Growth90th percentile

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

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $1,356,8482010Expenses 2011: $1,488,0092011Expenses 2012: $1,294,9072012Revenue 2013: $1,171,098Expenses 2013: $1,047,209Net Income 2013: $123,8892013Revenue 2014: $1,134,835Expenses 2014: $1,046,425Net Income 2014: $88,4102014Revenue 2015: $1,113,467Expenses 2015: $1,038,834Net Income 2015: $74,6332015Revenue 2016: $1,235,001Expenses 2016: $1,069,134Net Income 2016: $165,8672016Revenue 2017: $1,193,056Expenses 2017: $1,060,948Net Income 2017: $132,1082017Revenue 2018: $1,461,437Expenses 2018: $1,146,465Net Income 2018: $314,9722018Revenue 2019: $1,675,752Expenses 2019: $1,294,488Net Income 2019: $381,2642019Revenue 2020: $1,352,829Expenses 2020: $1,152,261Net Income 2020: $200,5682020

Highlighted filing

2019

Revenue$1,675,752
Expenses$1,294,488
Net Income$381,264
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 14, 2020
Return Version
2019v5.0
Gross Receipts
$1,675,752
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$13,316,296$20,437,376▲ $7,121,080
Investments Other Securities$23,198,580$18,051,901▼ $5,146,679
Other Notes and Loans Receivable, Net$10,044,662$8,998,950▼ $1,045,712
Rtn Earn Endowment Incm Other Fnds$8,049,464$8,430,728▲ $381,264
Cash and Non-Interest-Bearing Accounts$307,748$347,512▲ $39,764
Land, Buildings, and Equipment, Net$277,727$295,525▲ $17,798
Prepaid Expenses and Deferred Charges$121,661$93,633▼ $28,028
Accounts Receivable$4,446$0▼ $4,446
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$48,153,438$48,770,129▲ $616,691
Other Assets Total$882,318$545,232▼ $337,086
Liabilities
Other Liabilities$40,086,359$40,141,004▲ $54,645
Accounts Payable and Accrued Expenses$17,615$198,397▲ $180,782
Total Liabilities$40,103,974$40,339,401▲ $235,427
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,049,464$8,430,728▲ $381,264
Total Liabilities and Net Assets / Fund Balance$48,153,438$48,770,129▲ $616,691

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$84,361$479,574$563,935
Other Land Buildings$83,699$326,263$409,962
Equipment-$273,920$273,920
Land$127,465-$127,465
Leasehold Improvements-$14,231$14,231
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis MoriarityTreasurer & CEOFT$80,351$4,466$84,817

Board Members and Trustees

NameTitle
Arthue SpaffordChairperson
Steve RedmondChairperson
Connie MitchellViceChairperson
Victoria McIntoshSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$698,321
Investment Income
$977,431
Other Revenue
$0
Change in Net Assets
$381,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$658,296
Salaries, Compensation, and Employee Benefits$636,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$439,803
Office Expenses---$216,929
Interest---$108,578
Current Officers, Directors, Trustees, and Key Employees---$84,817
Other Employee Benefits---$50,971
Occupancy---$43,392
Payroll Taxes---$41,660
All Other Expenses---$36,859
Pension Plan Contributions---$18,941
Depreciation Depletion---$18,351
Insurance---$17,780
Other Expenses---$13,920
Fees for Services Accounting---$12,665
Conferences and Meetings---$5,375
Fees for Services Legal---$4,654
Advertising---$1,940
Total Functional Expenses$0$0$0$1,294,488
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
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
Rounding$40,141,002
Other Liability$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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

“Section 501c(14) 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 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.”

Filing and Contact Details

Filer

Filer Name
Unity Credit Union
EIN
38-1456286
Phone
5865734110
Address
7240 East Twelve Mile Road, Warren, MI 48092

Signing Officer

Name
Dennis Moriarity
Title
Treasurer & CEO
Signed
2020-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1954
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
4
Employees
12
Volunteers
5

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Patrick Haughey
Phone
8005225820
Raw XML Appendix366 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/Form990PartVIISectionAGrp/PersonNm2Steve Redmond
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08430728
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013316296
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020437376
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt084361
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0479574
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0563935
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0273920
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0273920
IRS990ScheduleD/LandGrp/BookValueAmt0127465
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0127465
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014231
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt014231
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt083699
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0326263
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0409962
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040141002
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0295525
IRS990ScheduleD/TotalBookValueSecuritiesAmt018051901
IRS990ScheduleD/TotalLiabilityAmt040141004
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Section 501c(14) Credit 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 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/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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt048153438
IRS990/TotalAssetsEOYAmt048770129
IRS990/TotalAssetsGrp/BOYAmt048153438
IRS990/TotalAssetsGrp/EOYAmt048770129
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01294488
IRS990/TotalGrossUBIAmt011152
IRS990/TotalLiabilitiesBOYAmt040103974
IRS990/TotalLiabilitiesEOYAmt040339401
IRS990/TotalLiabilitiesGrp/BOYAmt040103974
IRS990/TotalLiabilitiesGrp/EOYAmt040339401
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08049464
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08430728
IRS990/TotalOtherCompensationAmt04466
IRS990/TotalProgramServiceRevenueAmt0698321
IRS990/TotalReportableCompFromOrgAmt080351
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01664600
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01675752
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt011152
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt048153438
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt048770129
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07240 East Twelve Mile Road
IRS990/USAddress/CityNm0Warren
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd0480924006
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.unitycu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Dennis Moriarity
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Unity Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0UNIT
ReturnHeader/Filer/EIN0381456286
ReturnHeader/Filer/PhoneNum05865734110
ReturnHeader/Filer/USAddress/AddressLine1Txt07240 East Twelve Mile Road
ReturnHeader/Filer/USAddress/CityNm0Warren
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048092
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650152722
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06447 W HIGHWAY 146
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CRESTWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040014
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick Haughey
ReturnHeader/ReturnTs02020-05-14T06:18:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$48,770,129
Liabilities
$40,339,401
Net assets
$8,430,728
Revenue
$1,675,752
Expenses
$1,294,488
Net income
$381,264
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$54.4$45.8$8.63$1.35$1.15$0.20
2019Detailed filing. Detailed filing data is available for this year.$48.8$40.3$8.43$1.68$1.29$0.38
2018Detailed filing. Detailed filing data is available for this year.$48.2$40.1$8.05$1.46$1.15$0.31
2017Detailed filing. Detailed filing data is available for this year.$47.1$39.4$7.73$1.19$1.06$0.13
2016Detailed filing. Detailed filing data is available for this year.$46.9$39.3$7.60$1.24$1.07$0.17
2015Detailed filing. Detailed filing data is available for this year.$46.1$38.7$7.44$1.11$1.04$0.07
2014Detailed filing. Detailed filing data is available for this year.$45.2$37.8$7.36$1.13$1.05$0.09
2013Detailed filing. Detailed filing data is available for this year.$46.7$39.4$7.37$1.17$1.05$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.9$41.7$7.23$1.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.8$41.7$7.08$1.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.1$32.4$6.74$1.36