Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2019 • EIN 38-1489465

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 23, 2020

Organization Profilewww.upccu.com

View Organization Page

1001 West Baraga AveMarquette, MI 49855

(906) 228-7080

Siviq Scores

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

Liabilities / Assets

26th percentile

0.86x

Higher debt load relative to assets than 26% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

17.96x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Net Margin

25th percentile

7.8%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

69th percentile

$254,504

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Asset Growth

99th percentile

33%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

31%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$234,458,662

Up $57,734,069 (+33%) from 2018

Net Assets

Up

$32,821,864

Up $5,838,571 (+22%) from 2018

Liabilities

Up

$201,636,798

Up $51,895,498 (+35%) from 2018

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin25th percentile

Revenue

Up

$11,228,933

Up $2,634,238 (+31%) from 2018

Expenses

Up

$10,356,916

Up $3,985,826 (+63%) from 2018

Net Income

Down

$872,017

Down $1,351,588 (-61%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$600M$400M$200M$0Assets 2010: $120,323,291Liabilities 2010: $102,916,222Net Assets 2010: $17,407,0692010Assets 2011: $126,548,725Liabilities 2011: $107,529,670Net Assets 2011: $19,019,0552011Assets 2012: $137,968,916Liabilities 2012: $118,249,524Net Assets 2012: $19,719,3922012Assets 2013: $138,252,939Liabilities 2013: $118,369,589Net Assets 2013: $19,883,3502013Assets 2014: $145,690,383Liabilities 2014: $124,645,584Net Assets 2014: $21,044,7992014Assets 2015: $155,985,194Liabilities 2015: $133,399,438Net Assets 2015: $22,585,7562015Assets 2016: $163,458,437Liabilities 2016: $139,643,604Net Assets 2016: $23,814,8332016Assets 2017: $164,256,454Liabilities 2017: $138,870,157Net Assets 2017: $25,386,2972017Assets 2018: $176,724,593Liabilities 2018: $149,741,300Net Assets 2018: $26,983,2932018Assets 2019: $234,458,662Liabilities 2019: $201,636,798Net Assets 2019: $32,821,8642019Assets 2020: $456,299,976Liabilities 2020: $397,692,889Net Assets 2020: $58,607,0872020Assets 2021: $491,728,057Liabilities 2021: $434,047,021Net Assets 2021: $57,681,0362021Assets 2022: $485,631,668Liabilities 2022: $441,781,591Net Assets 2022: $43,850,0772022Assets 2023: $515,551,996Liabilities 2023: $466,876,540Net Assets 2023: $48,675,4562023Assets 2024: $548,839,668Liabilities 2024: $494,764,522Net Assets 2024: $54,075,1462024

Highlighted filing

2019

Assets$234,458,662
Liabilities$201,636,798
Net Assets$32,821,864
Open 2019 Filing

Operations Trend

Revenue Growth98th percentile

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

$30M$20M$10M$0Expenses 2010: $4,498,0232010Expenses 2011: $4,407,1042011Expenses 2012: $4,504,5462012Revenue 2013: $5,796,088Expenses 2013: $4,743,875Net Income 2013: $1,052,2132013Revenue 2014: $5,962,984Expenses 2014: $4,839,434Net Income 2014: $1,123,5502014Revenue 2015: $6,422,938Expenses 2015: $4,793,802Net Income 2015: $1,629,1362015Revenue 2016: $7,140,029Expenses 2016: $5,510,151Net Income 2016: $1,629,8782016Revenue 2017: $7,741,477Expenses 2017: $5,956,855Net Income 2017: $1,784,6222017Revenue 2018: $8,594,695Expenses 2018: $6,371,090Net Income 2018: $2,223,6052018Revenue 2019: $11,228,933Expenses 2019: $10,356,916Net Income 2019: $872,0172019Revenue 2020: $15,884,770Expenses 2020: $14,931,153Net Income 2020: $953,6172020Revenue 2021: $19,135,519Expenses 2021: $16,204,713Net Income 2021: $2,930,8062021Revenue 2022: $21,128,039Expenses 2022: $18,149,828Net Income 2022: $2,978,2112022Revenue 2023: $25,332,798Expenses 2023: $22,632,248Net Income 2023: $2,700,5502023Revenue 2024: $29,891,836Expenses 2024: $27,837,493Net Income 2024: $2,054,3432024

Highlighted filing

2019

Revenue$11,228,933
Expenses$10,356,916
Net Income$872,017
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 23, 2020
Return Version
2019v5.0
Gross Receipts
$19,446,757
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$99,843,377$137,705,972▲ $37,862,595
Savings and Temporary Cash Investments$17,883,754$37,391,342▲ $19,507,588
Investments in Publicly Traded Securities$44,993,099$35,532,696▼ $9,460,403
Rtn Earn Endowment Incm Other Fnds$26,983,293$32,821,864▲ $5,838,571
Land, Buildings, and Equipment, Net$3,201,513$8,393,731▲ $5,192,218
Investments Other Securities$4,735,524$7,222,267▲ $2,486,743
Cash and Non-Interest-Bearing Accounts$1,953,357$2,567,643▲ $614,286
Intangible Assets-$478,318-
Prepaid Expenses and Deferred Charges$232,480$336,642▲ $104,162
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Accounts Receivable-$-371-
Total Assets$176,724,593$234,458,662▲ $57,734,069
Other Assets Total$3,881,489$4,830,422▲ $948,933
Liabilities
Other Liabilities$147,439,345$198,975,607▲ $51,536,262
Accounts Payable and Accrued Expenses$2,301,955$2,661,191▲ $359,236
Total Liabilities$149,741,300$201,636,798▲ $51,895,498
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,983,293$32,821,864▲ $5,838,571
Total Liabilities and Net Assets / Fund Balance$176,724,593$234,458,662▲ $57,734,069

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,309,284$1,756,368$8,065,652
Equipment$539,960$753,378$1,293,338
Land$1,158,559-$1,158,559
Other Land Buildings$324,142$585,190$909,332
Leasehold Improvements$61,786$226,450$288,236
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom BlakePresident/CEOFT$225,824$28,680$254,504
Suanne DebskiEvp/COOFT$130,082$23,125$153,207
David BlackCFOFT$116,504$15,175$131,679

Board Members and Trustees

NameTitle
Sandra Villa-MogushChairperson
Scott JamiesonVice Chair
Andrew WasilewskiDirector
Brian KulbiedaDirector
Corrin SalminenDirector
Gail AnthonyDirector
Leonard AngeliDirector
Mark CanaleDirector
William FernsSecretary/Treas

Highest Paid Contractors

ContractorServicesLocationCompensation
Cross General Contracting IncGeneral ContractingE8693 M28 W, Munising, MI 49862$3,180,538
Member Driven TechnologiesData Processing30230 Orchard Lake Road, Farmington Hills, MI 48334$488,991
Small Business Assc of MIGroup Health InsrPO Box 140167, Grand Rapids, MI 49514$424,693
JHA Card Processing SolutionsPlastic Card Proc.1100 Olive Way Suite 320, Seattle, WA 98101$390,977
MasterCardPlastic Card Network2000 Purchase St, Purchase, NY 10577$248,213
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,428,947
Investment Income
$1,799,986
Other Revenue
$0
Change in Net Assets
$872,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,715,233
Salaries, Compensation, and Employee Benefits$3,641,683
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,300,143
Office Expenses---$1,093,172
Interest---$1,034,117
Current Officers, Directors, Trustees, and Key Employees---$539,390
Other Employee Benefits---$431,635
Occupancy---$425,340
All Other Expenses---$382,684
Other Expenses---$352,906
Depreciation Depletion---$283,588
Information Technology---$252,004
Payroll Taxes---$225,901
Advertising---$187,728
Pension Plan Contributions---$144,614
Conferences and Meetings---$130,756
Fees for Services Other---$90,863
Fees for Services Legal---$77,894
Insurance---$48,082
Fees for Services Accounting---$14,642
Total Functional Expenses$0$0$0$10,356,916
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
Total Share & Deposit Accounts$198,975,607
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
Embers Credit Union
EIN
38-1489465
Phone
9062287080
Address
1001 West Baraga Ave, Marquette, MI 49855

Signing Officer

Name
David Black
Title
CFO
Signed
2020-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Blake
Formed
1953
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
91
Volunteers
12

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Robert Draeger
Phone
8005225820
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Equity Acquired in Merger = $4481440”

Raw XML AppendixShowing 400 of 488 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/PersonNm1Suanne Debski
IRS990/Form990PartVIISectionAGrp/PersonNm2David Black
IRS990/Form990PartVIISectionAGrp/PersonNm3Scott Jamieson
IRS990/Form990PartVIISectionAGrp/PersonNm4Sandra Villa-Mogush
IRS990/Form990PartVIISectionAGrp/PersonNm5William Ferns
IRS990/Form990PartVIISectionAGrp/PersonNm6Mark Canale
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary/Treas
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
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IRS990/OtherExpensesGrp/Desc2ATM-Debit Card Program Exp
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0430
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 12/31/2019 was 11,790.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Suanne Debski
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Tom Blake
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EVP/COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1President/CEO
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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.

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$234,458,662
Liabilities
$201,636,798
Net assets
$32,821,864
Revenue
$11,228,933
Expenses
$10,356,916
Net income
$872,017
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$549$495$54.1$29.9$27.8$2.05
2023Detailed filing. Detailed filing data is available for this year.$516$467$48.7$25.3$22.6$2.70
2022Detailed filing. Detailed filing data is available for this year.$486$442$43.9$21.1$18.1$2.98
2021Detailed filing. Detailed filing data is available for this year.$492$434$57.7$19.1$16.2$2.93
2020Detailed filing. Detailed filing data is available for this year.$456$398$58.6$15.9$14.9$0.95
2019Detailed filing. Detailed filing data is available for this year.$234$202$32.8$11.2$10.4$0.87
2018Summary only. Only limited summary data is available for this year.$177$150$27.0$8.59$6.37$2.22
2017Detailed filing. Detailed filing data is available for this year.$164$139$25.4$7.74$5.96$1.78
2016Detailed filing. Detailed filing data is available for this year.$163$140$23.8$7.14$5.51$1.63
2015Detailed filing. Detailed filing data is available for this year.$156$133$22.6$6.42$4.79$1.63
2014Detailed filing. Detailed filing data is available for this year.$146$125$21.0$5.96$4.84$1.12
2013Detailed filing. Detailed filing data is available for this year.$138$118$19.9$5.80$4.74$1.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$138$118$19.7$4.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$127$108$19.0$4.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$120$103$17.4$4.50
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