Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2013 • EIN 38-1485730

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 21, 2014

36525 Plymouth RdWestland, MI 48150

(734) 525-0700

Siviq Scores

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

Liabilities / Assets

20th percentile

0.86x

Higher debt load relative to assets than 20% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

17th percentile

13.46x

Higher debt load relative to revenue than 17% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

82nd percentile

18%

Higher net margin than 82% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

22nd percentile

$103,190

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

66th percentile

3.8%

Faster asset growth than 66% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

Up

$76,778,497

Up $2,823,268 (+3.8%) from 2012

Net Assets

Up

$11,122,964

Up $478,801 (+4.5%) from 2012

Liabilities

Up

$65,655,533

Up $2,344,467 (+3.7%) from 2012

Revenue

$4,877,198

No earlier filing loaded for comparison.

Expenses

Down

$4,011,650

Down $13,565 (-0.3%) from 2012

Net Income

$865,548

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $64,304,363Liabilities 2010: $55,811,445Net Assets 2010: $8,492,9182010Assets 2011: $72,221,314Liabilities 2011: $62,517,353Net Assets 2011: $9,703,9612011Assets 2012: $73,955,229Liabilities 2012: $63,311,066Net Assets 2012: $10,644,1632012Assets 2013: $76,778,497Liabilities 2013: $65,655,533Net Assets 2013: $11,122,9642013Assets 2014: $80,766,068Liabilities 2014: $68,451,655Net Assets 2014: $12,314,4132014Assets 2015: $88,419,817Liabilities 2015: $75,801,533Net Assets 2015: $12,618,2842015Assets 2016: $110,054,228Liabilities 2016: $94,659,536Net Assets 2016: $15,394,6922016Assets 2017: $112,657,174Liabilities 2017: $96,390,576Net Assets 2017: $16,266,5982017Assets 2018: $118,377,378Liabilities 2018: $101,061,009Net Assets 2018: $17,316,3692018Assets 2019: $125,429,259Liabilities 2019: $106,113,032Net Assets 2019: $19,316,2272019Assets 2020: $154,752,322Liabilities 2020: $134,072,068Net Assets 2020: $20,680,2542020Assets 2021: $166,357,063Liabilities 2021: $145,937,312Net Assets 2021: $20,419,7512021Assets 2022: $159,358,913Liabilities 2022: $144,209,186Net Assets 2022: $15,149,7272022Assets 2023: $170,093,753Liabilities 2023: $153,756,678Net Assets 2023: $16,337,0752023

Highlighted filing

2013

Assets$76,778,497
Liabilities$65,655,533
Net Assets$11,122,964

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,009,7622010Expenses 2011: $3,869,7032011Expenses 2012: $4,025,2152012Revenue 2013: $4,877,198Expenses 2013: $4,011,650Net Income 2013: $865,5482013Revenue 2014: $5,065,714Expenses 2014: $4,175,955Net Income 2014: $889,7592014Revenue 2015: $5,210,106Expenses 2015: $4,759,228Net Income 2015: $450,8782015Revenue 2016: $7,389,955Expenses 2016: $6,505,660Net Income 2016: $884,2952016Revenue 2017: $7,960,280Expenses 2017: $6,926,251Net Income 2017: $1,034,0292017Revenue 2018: $9,051,351Expenses 2018: $7,858,713Net Income 2018: $1,192,6382018Revenue 2019: $10,136,995Expenses 2019: $8,575,129Net Income 2019: $1,561,8662019Revenue 2020: $9,155,642Expenses 2020: $8,579,547Net Income 2020: $576,0952020Revenue 2021: $10,152,824Expenses 2021: $8,945,602Net Income 2021: $1,207,2222021Revenue 2022: $11,368,957Expenses 2022: $9,936,232Net Income 2022: $1,432,7252022Revenue 2023: $12,892,569Expenses 2023: $13,155,065Net Income 2023: -$262,4962023

Highlighted filing

2013

Revenue$4,877,198
Expenses$4,011,650
Net Income$865,548
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 21, 2014
Return Version
2013v3.1
Gross Receipts
$4,877,198
Mission and Program Overview

Mission

Provide financial services to member owners with a common bond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$32,946,597$31,590,998▼ $1,355,599
Investments Other Securities$23,560,120$27,690,330▲ $4,130,210
Savings and Temporary Cash Investments$12,761,717$11,423,335▼ $1,338,382
Rtn Earn Endowment Incm Other Fnds$10,644,163$11,122,964▲ $478,801
Cash and Non-Interest-Bearing Accounts$1,840,876$2,887,630▲ $1,046,754
Land, Buildings, and Equipment, Net$1,527,136$1,581,843▲ $54,707
Prepaid Expenses and Deferred Charges$146,406$132,140▼ $14,266
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$74,089,535$76,778,497▲ $2,688,962
Other Assets Total$1,306,683$1,472,221▲ $165,538
Liabilities
Other Liabilities$62,792,856$65,035,621▲ $2,242,765
Accounts Payable and Accrued Expenses$652,516$619,912▼ $32,604
Total Liabilities$63,445,372$65,655,533▲ $2,210,161
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,644,163$11,122,964▲ $478,801
Total Liabilities and Net Assets / Fund Balance$74,089,535$76,778,497▲ $2,688,962

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,090,097$1,222,504$2,312,601
Other Land Buildings$180,817$684,072$864,889
Leasehold Improvements$36,511$168,856$205,367
Land$190,959-$190,959
Equipment$83,459$100,983$184,442
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martin CarterCEOFT$100,490$2,700$103,190
Connie GladkiAcctg Mgr (CFO)FT$60,924$1,900$62,824

Board Members and Trustees

NameTitle
Edward LeshinskyChairman
William SackettVice Chairman
Clyde GheeDirector
Richard PokerwinskiDirector
Richard SavaleDirector
Barry BrownSecretary
Michael RawsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,267,304
Investment Income
$417,145
Other Revenue
$192,749
Change in Net Assets
$865,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,678,866
Salaries, Compensation, and Employee Benefits$1,332,784
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$876,387
Office Expenses---$388,333
Advertising---$280,591
Other Employee Benefits---$172,006
Interest---$170,248
Current Officers, Directors, Trustees, and Key Employees---$166,014
Depreciation Depletion---$149,085
Occupancy---$135,830
Information Technology---$122,987
Payroll Taxes---$95,676
Other Expenses---$90,000
Travel---$86,324
Insurance---$41,420
All Other Expenses---$28,059
Fees for Services Accounting---$24,675
Pension Plan Contributions---$22,701
Fees for Services Legal---$10,581
Total Functional Expenses$0$0$0$4,011,650
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$37,171,828
Member Deposit Accounts$27,863,793
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 the 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

No employee, director or any other volunteer, agent or attorney may solicit or receive anything of value or any benefit or business oppotunity in connection with Credit Union business. Affected persons are required annually to list any relationships which may become a conflict of interest.Also, 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 15A: Compensation Review & Approval Process - CEO, Top Management

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

EIN
38-1485730
Phone
7345250700

Signing Officer

Name
Martin Carter
Title
CEO
Signed
2014-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Carter
Formed
1953
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
37
Volunteers
7

Preparer

Preparer
Robin Rivers
Phone
8005225820
Raw XML AppendixShowing 400 of 416 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/BOYAmt0652516
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0619912
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide financial services to member owners with a common bond.
IRS990/AdvertisingGrp/TotalAmt0280591
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt028059
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Connie Gladki
IRS990/BooksInCareOfDetail/PhoneNum07345250700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1036525 Plymouth Rd
IRS990/BooksInCareOfDetail/USAddress/City0Livonia
IRS990/BooksInCareOfDetail/USAddress/State0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCode048150
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01840876
IRS990/CashNonInterestBearingGrp/EOYAmt02887630
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0166014
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0417145
IRS990/CYOtherExpensesAmt02678866
IRS990/CYOtherRevenueAmt0192749
IRS990/CYProgramServiceRevenueAmt04267304
IRS990/CYRevenuesLessExpensesAmt0865548
IRS990/CYSalariesCompEmpBnftPaidAmt01332784
IRS990/CYTotalExpensesAmt04011650
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04877198
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0149085
IRS990/Desc0The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2013 was 13,838.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt037
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt024675
IRS990/FeesForServicesLegalGrp/TotalAmt010581
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/AverageHoursPerWeekRltdOrgRt80.00
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/AverageHoursPerWeekRt840.00
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/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt72700
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt81900
IRS990/Form990PartVIISectionAGrp/PersonNm0Edward Leshinsky
IRS990/Form990PartVIISectionAGrp/PersonNm1William Sackett
IRS990/Form990PartVIISectionAGrp/PersonNm2Michael Rawson
IRS990/Form990PartVIISectionAGrp/PersonNm3Barry Brown
IRS990/Form990PartVIISectionAGrp/PersonNm4Clyde Ghee
IRS990/Form990PartVIISectionAGrp/PersonNm5Richard Pokerwinski
IRS990/Form990PartVIISectionAGrp/PersonNm6Richard Savale
IRS990/Form990PartVIISectionAGrp/PersonNm7Martin Carter
IRS990/Form990PartVIISectionAGrp/PersonNm8Connie Gladki
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7100490
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt860924
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/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8Acctg Mgr (CFO)
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01953
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04877198
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0122987
IRS990/InsuranceGrp/TotalAmt041420
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0170248
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0417145
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0417145
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt023560120
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt027690330
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt028523
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02176415
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01527136
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01581843
IRS990/LandBldgEquipCostOrOtherBssAmt03758258
IRS990/LegalDomicileStateCd0MI
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide financial services to member owners with a common bond.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt010644163
IRS990/NetAssetsOrFundBalancesEOYAmt011122964
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-53626
IRS990/NetUnrlzdGainsLossesInvstAmt0-386747
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0135830
IRS990/OfficeExpensesGrp/TotalAmt0388333
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01306683
IRS990/OtherAssetsTotalGrp/EOYAmt01472221
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0172006
IRS990/OtherExpensesGrp/Desc0ATM/Debit Card Exp
IRS990/OtherExpensesGrp/Desc1Other Misc Operating Expenses
IRS990/OtherExpensesGrp/Desc2Loan Servicing Expense
IRS990/OtherExpensesGrp/Desc3Provision for Loan Losses
IRS990/OtherExpensesGrp/TotalAmt0816289
IRS990/OtherExpensesGrp/TotalAmt1176828
IRS990/OtherExpensesGrp/TotalAmt2157616
IRS990/OtherExpensesGrp/TotalAmt390000
IRS990/OtherLiabilitiesGrp/BOYAmt062792856
IRS990/OtherLiabilitiesGrp/EOYAmt065035621
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/BusinessCd2525990
IRS990/OtherRevenueMiscGrp/Desc0Insurance Reimbursements
IRS990/OtherRevenueMiscGrp/Desc1Non-Member ATM Fees
IRS990/OtherRevenueMiscGrp/Desc2Sprint Reimbursement
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt040084
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1149341
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23324
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt040084
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1149341
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt23324
IRS990/OtherRevenueTotalAmt0192749
IRS990/OtherSalariesAndWagesGrp/TotalAmt0876387
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt032946597
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt031590998
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt095676
IRS990/PensionPlanContributionsGrp/TotalAmt022701
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0146406
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0132140
IRS990/PrincipalOfficerNm0Martin Carter
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc1Interchange Income
IRS990/ProgramServiceRevenueGrp/Desc2Loan Interest Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01534781
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1627467
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22105056
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01534781
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1627467
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22105056
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 12/31/2013 was 6,646.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0530609
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02748673
IRS990/PYOtherRevenueAmt018687
IRS990/PYProgramServiceRevenueAmt04393204
IRS990/PYRevenuesLessExpensesAmt0917285
IRS990/PYSalariesCompEmpBnftPaidAmt01276542
IRS990/PYTotalExpensesAmt04025215
IRS990/PYTotalRevenueAmt04942500
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0865548
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010644163
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011122964
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012761717
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011423335
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01090097
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01222504
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02312601
IRS990ScheduleD/EquipmentGrp/BookValueAmt083459
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0100983
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0184442
IRS990ScheduleD/LandGrp/BookValueAmt0190959
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0190959
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt036511
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0168856
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0205367
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0180817
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0684072
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0864889
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027863793
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt137171828
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposit Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01581843
IRS990ScheduleD/TotalBookValueSecuritiesAmt027690330
IRS990ScheduleD/TotalLiabilityAmt065035621
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 the tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No employee, director or any other volunteer, agent or attorney may solicit or receive anything of value or any benefit or business oppotunity in connection with Credit Union business. Affected persons are required annually to list any relationships which may become a conflict of interest.Also, employee 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 15a: Compensation Review & Approval Process - CEO, Top Management
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/TotalAssetsBOYAmt074089535
IRS990/TotalAssetsEOYAmt076778497
IRS990/TotalAssetsGrp/BOYAmt074089535
IRS990/TotalAssetsGrp/EOYAmt076778497
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04011650
IRS990/TotalGrossUBIAmt0192749
IRS990/TotalLiabilitiesBOYAmt063445372
IRS990/TotalLiabilitiesEOYAmt065655533
IRS990/TotalLiabilitiesGrp/BOYAmt063445372
IRS990/TotalLiabilitiesGrp/EOYAmt065655533
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010644163
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011122964
IRS990/TotalOtherCompensationAmt04600
IRS990/TotalProgramServiceRevenueAmt04267304
IRS990/TotalReportableCompFromOrgAmt0161414
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04684449
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04877198
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0192749
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt074089535
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt076778497
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt086324
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1036525 Plymouth Rd
IRS990/USAddress/City0Livonia
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode048150
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.parksidecu.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Martin Carter
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-04-21
ReturnHeader/Filer/BusinessName/BusinessNameLine10Parkside Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0PARK
ReturnHeader/Filer/EIN0381485730
ReturnHeader/Filer/PhoneNum07345250700

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$170$154$16.3$12.9$13.2$0.26
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$159$144$15.1$11.4$9.94$1.43
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$166$146$20.4$10.2$8.95$1.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$155$134$20.7$9.16$8.58$0.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$125$106$19.3$10.1$8.58$1.56
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$101$17.3$9.05$7.86$1.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$113$96.4$16.3$7.96$6.93$1.03
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$94.7$15.4$7.39$6.51$0.88
2015Detailed filing. Detailed filing data is available for this year.$88.4$75.8$12.6$5.21$4.76$0.45
2014Detailed filing. Detailed filing data is available for this year.$80.8$68.5$12.3$5.07$4.18$0.89
2013Detailed filing. Detailed filing data is available for this year.$76.8$65.7$11.1$4.88$4.01$0.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.0$63.3$10.6$4.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$72.2$62.5$9.70$3.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.3$55.8$8.49$5.01