Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2013 • EIN 38-1515480

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 11, 2014

Organization Profilewww.wanigas.com

View Organization Page

1837 Bagley StreetSaginaw, MI 48601

(989) 799-9800

Siviq Scores

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

Liabilities / Assets

31st percentile

0.88x

Higher debt load relative to assets than 31% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Liabilities / Revenue

45th percentile

17.02x

Higher debt load relative to revenue than 45% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Top Officer Pay

26th percentile

$288,829

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Asset Growth

72nd percentile

6.6%

Faster asset growth than 72% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B 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

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$286,886,808

Up $17,885,044 (+6.6%) from 2012

Net Assets

Up

$33,478,215

Up $1,976,594 (+6.3%) from 2012

Liabilities

Up

$253,408,593

Up $15,908,450 (+6.7%) from 2012

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin77th percentile

Revenue

$14,892,258

No earlier filing loaded for comparison.

Expenses

Down

$11,787,586

Down $646,259 (-5.2%) from 2012

Net Income

$3,104,672

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$400M$300M$200M$100M$0Assets 2010: $245,558,656Liabilities 2010: $219,720,616Net Assets 2010: $25,838,0402010Assets 2011: $263,240,306Liabilities 2011: $234,943,207Net Assets 2011: $28,297,0992011Assets 2012: $269,001,764Liabilities 2012: $237,500,143Net Assets 2012: $31,501,6212012Assets 2013: $286,886,808Liabilities 2013: $253,408,593Net Assets 2013: $33,478,2152013Assets 2014: $298,255,800Liabilities 2014: $261,150,791Net Assets 2014: $37,105,0092014Assets 2015: $306,565,515Liabilities 2015: $266,690,031Net Assets 2015: $39,875,4842015Assets 2016: $326,110,499Liabilities 2016: $284,185,052Net Assets 2016: $41,925,4472016Assets 2017: $319,404,298Liabilities 2017: $275,494,620Net Assets 2017: $43,909,6782017Assets 2018: $325,627,583Liabilities 2018: $280,004,444Net Assets 2018: $45,623,1392018Assets 2019: $338,938,733Liabilities 2019: $289,296,766Net Assets 2019: $49,641,9672019Assets 2020: $389,774,873Liabilities 2020: $335,606,800Net Assets 2020: $54,168,0732020

Highlighted filing

2013

Assets$286,886,808
Liabilities$253,408,593
Net Assets$33,478,215
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Expenses 2010: $12,906,9642010Expenses 2011: $13,144,4852011Expenses 2012: $12,433,8452012Revenue 2013: $14,892,258Expenses 2013: $11,787,586Net Income 2013: $3,104,6722013Revenue 2014: $15,194,890Expenses 2014: $11,724,533Net Income 2014: $3,470,3572014Revenue 2015: $15,739,713Expenses 2015: $12,770,157Net Income 2015: $2,969,5562015Revenue 2016: $16,642,141Expenses 2016: $13,797,653Net Income 2016: $2,844,4882016Revenue 2017: $16,857,036Expenses 2017: $14,429,899Net Income 2017: $2,427,1372017Revenue 2018: $17,789,919Expenses 2018: $14,696,918Net Income 2018: $3,093,0012018Revenue 2019: $18,618,496Expenses 2019: $16,251,625Net Income 2019: $2,366,8712019Revenue 2020: $19,217,947Expenses 2020: $15,901,807Net Income 2020: $3,316,1402020

Highlighted filing

2013

Revenue$14,892,258
Expenses$11,787,586
Net Income$3,104,672
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 11, 2014
Return Version
2013v3.0
Gross Receipts
$19,268,098
Mission and Program Overview

Mission

A member-owned financial cooperative dedicated to providing a full range of quality financial products and services that meet the ever-changing needs of our membership.

To provide financial services to member owners with a common bond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$173,831,839$186,044,262▲ $12,212,423
Investments Other Securities$67,722,308$78,488,996▲ $10,766,688
Rtn Earn Endowment Incm Other Fnds$31,501,621$33,478,215▲ $1,976,594
Cash and Non-Interest-Bearing Accounts$7,623,248$7,766,731▲ $143,483
Investments Program Related$8,166,055$4,485,775▼ $3,680,280
Land, Buildings, and Equipment, Net$4,743,354$4,394,689▼ $348,665
Pledges and Grants Receivable$2,255,778$1,241,931▼ $1,013,847
Prepaid Expenses and Deferred Charges$387,809$442,272▲ $54,463
Receivables From Officers Etc$24,384--
Savings and Temporary Cash Investments$940$950▲ $10
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$269,001,764$286,886,808▲ $17,885,044
Other Assets Total$4,246,049$4,021,202▼ $224,847
Liabilities
Other Liabilities$234,399,664$237,162,023▲ $2,762,359
Mortgage Notes Payable Secured by Investment Property$173$13,123,809▲ $13,123,636
Accounts Payable and Accrued Expenses$3,100,306$3,122,761▲ $22,455
Total Liabilities$237,500,143$253,408,593▲ $15,908,450
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,501,621$33,478,215▲ $1,976,594
Total Liabilities and Net Assets / Fund Balance$269,001,764$286,886,808▲ $17,885,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,268,535$2,471,270$5,739,805
Equipment$634,329$596,802$1,231,131
Land$491,825-$491,825
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Other Securities$1--
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bernard D WilliamsChief Executive OfficerFT$212,345$76,484$288,829
Tammy A OLearyDirector of LendingFT$119,785$15,564$135,349
Jay Julius Peitsch SrChief Financial OfficerFT$99,689$24,624$124,313

Board Members and Trustees

NameTitle
Michael BallsChairperson
Valorie GreenVice Chairperson
Gerald LittleDirector
Larry GosenDirector
Oscar GonzalesDirector
Sheldon MatthewsSecretary
Steve JurikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,687,198
Investment Income
$1,205,060
Other Revenue
$0
Change in Net Assets
$3,104,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,634,701
Salaries, Compensation, and Employee Benefits$5,152,885
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,459,964
Office Expenses---$1,549,552
Interest---$902,146
Other Employee Benefits---$577,913
Information Technology---$573,798
Current Officers, Directors, Trustees, and Key Employees---$548,492
Depreciation Depletion---$454,460
Occupancy---$418,680
Payroll Taxes---$338,648
Advertising---$318,891
Fees for Services Other---$315,218
Conferences and Meetings---$262,471
Insurance---$242,236
Pension Plan Contributions---$227,868
All Other Expenses---$87,789
Other Expenses---$68,029
Travel---$27,857
Total Functional Expenses$0$0$0$11,787,586
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 Officers, Directors, Trustees, and Key Employees$24,384--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$237,162,023
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Section A, Line 6

“The Credit Union has a single class of members with equal rights of ownership, governance and voting.”

Form 990, Part VI, Section A, Line 7A

“The Board of Directors is elected by membership ballot vote. Each Board Member is elected for a three year term.”

Form 990, Part VI, Section A, Line 7B

“Credit Union decisions that are subject to membership approval are mergers and change in charter.”

Form 990, Part VI, Section B, Line 11B

“A review is conducted by the CEO and CFO prior to submission to the IRS to ensure completeness and accuracy. This information is reviewed by the Board of Directors prior to submission. The accounting department maintains the 990 Tax Return and supporting documentation.”

Form 990, Part VI, Section B, Line 12C

“The policy is made available to all staff.”

Form 990, Part VI, Section B, Line 15

“The Credit Union adopted a market-value driven compensation strategy. They use market value and job content to set a market rate for each position. Managers can then use this input to make salary decisions. Overall application is approved by the Board of Directors. The last review was performed in 2013.”

Form 990, Part VI, Section C, Line 19

“Financial Statements are posted in the Credit Union lobby. Other documents and policies are available for review upon written request.”

Filing and Contact Details

Filer

EIN
38-1515480
Phone
9897999800

Signing Officer

Name
Bernard D Williams
Title
Chief Executive Officer
Phone
9897999800
Signed
2014-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernard D Williams
Formed
1952
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
122
Volunteers
15

Preparer

Preparer
Denise Luckenbacher
Phone
5862961155
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 12A

“Audited Financial Statements were completed as of March 31. The Credit Union's tax year ends December 31, therefore Schedule D, Parts XI, XII and XIII cannot be completed.”

Raw XML AppendixShowing 400 of 468 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
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IRS990/BooksInCareOfDetail/USAddress/City0Saginaw
IRS990/BooksInCareOfDetail/USAddress/State0MI
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
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IRS990/Form990PartVIISectionAGrp/PersonNm2Oscar Gonzales
IRS990/Form990PartVIISectionAGrp/PersonNm3Michael Balls
IRS990/Form990PartVIISectionAGrp/PersonNm4Sheldon Matthews
IRS990/Form990PartVIISectionAGrp/PersonNm5Steve Jurik
IRS990/Form990PartVIISectionAGrp/PersonNm6Valorie Green
IRS990/Form990PartVIISectionAGrp/PersonNm7Jay Julius Peitsch Sr
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chief Executive Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director of Lending
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0227868
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02255778
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01241931
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0387809
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0442272
IRS990/PrincipalOfficerNm0Bernard D Williams
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1517000
IRS990/ProgramServiceRevenueGrp/Desc0Loan Interest
IRS990/ProgramServiceRevenueGrp/Desc1Fee and Other Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09373118
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14272129
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09373118
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14314080
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt141951
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide 20,467 loans including Vehicle, Signature, Recreational Vehicle, Student, Mortgage, Home Equity, Overdraft Privilege, Overdraft Protection and Credit Card loans.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Offer Automated Teller Machines, Safe Deposit Boxes, Wire Transfers, Money Orders, Debit Cards and various insurance programs.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01232300
IRS990/PYOtherExpensesAmt06867777
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt014125889
IRS990/PYRevenuesLessExpensesAmt02924344
IRS990/PYSalariesCompEmpBnftPaidAmt05566068
IRS990/PYTotalExpensesAmt012433845
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015358189
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt024384
IRS990/ReconcilationRevenueExpnssAmt03104672
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt031501621
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt033478215
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0940
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0950
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03268535
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02471270
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05739805
IRS990ScheduleD/EquipmentGrp/BookValueAmt0634329
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0596802
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01231131
IRS990ScheduleD/LandGrp/BookValueAmt0491825
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0491825
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0237162023
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt08955000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt168488995
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21045000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Certificates of Deposit
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Available for Sale Investments
IRS990ScheduleD/OtherSecuritiesGrp/Desc2FHLB Stock
IRS990ScheduleD/OtherSecuritiesGrp/Desc3VISA Stock
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04394689
IRS990ScheduleD/TotalBookValueSecuritiesAmt078488996
IRS990ScheduleD/TotalLiabilityAmt0237162023
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0212345
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount023803
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt017474
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026901
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt08306
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Bernard D Williams
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Chief Executive Officer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0288829
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Companion travel is provided for the CEO.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 1a
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Audited Financial Statements were completed as of March 31. The Credit Union's tax year ends December 31, therefore Schedule D, Parts XI, XII and XIII cannot be completed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Credit Union has a single class of members with equal rights of ownership, governance and voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors is elected by membership ballot vote. Each Board Member is elected for a three year term.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Credit Union decisions that are subject to membership approval are mergers and change in charter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A review is conducted by the CEO and CFO prior to submission to the IRS to ensure completeness and accuracy. This information is reviewed by the Board of Directors prior to submission. The accounting department maintains the 990 Tax Return and supporting documentation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The policy is made available to all staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Credit Union adopted a market-value driven compensation strategy. They use market value and job content to set a market rate for each position. Managers can then use this input to make salary decisions. Overall application is approved by the Board of Directors. The last review was performed in 2013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Financial Statements are posted in the Credit Union lobby. Other documents and policies are available for review upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IV, Line 12a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0269001764
IRS990/TotalAssetsEOYAmt0286886808
IRS990/TotalAssetsGrp/BOYAmt0269001764
IRS990/TotalAssetsGrp/EOYAmt0286886808
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt0122
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$286,886,808
Liabilities
$253,408,593
Net assets
$33,478,215
Revenue
$14,892,258
Expenses
$11,787,586
Net income
$3,104,672
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$390$336$54.2$19.2$15.9$3.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$339$289$49.6$18.6$16.3$2.37
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$326$280$45.6$17.8$14.7$3.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$319$275$43.9$16.9$14.4$2.43
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$326$284$41.9$16.6$13.8$2.84
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$307$267$39.9$15.7$12.8$2.97
2014Detailed filing. Detailed filing data is available for this year.$298$261$37.1$15.2$11.7$3.47
2013Detailed filing. Detailed filing data is available for this year.$287$253$33.5$14.9$11.8$3.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$269$238$31.5$12.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$263$235$28.3$13.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$246$220$25.8$12.9