Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2013 • EIN 38-1532613

Jan 01, 2013 to Dec 31, 2013 • Filed on Mar 27, 2014

1366 Porter StreetDetroit, MI 48226

(313) 963-6060

Siviq Scores

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

Liabilities / Assets

58th percentile

0.88x

Higher debt load relative to assets than 58% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

94th percentile

34.99x

Higher debt load relative to revenue than 94% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Net Margin

21st percentile

-4.6%

Higher net margin than 21% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

23rd percentile

$48,712

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Asset Growth

88th percentile

7.1%

Faster asset growth than 88% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M 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

$12,161,724

Up $806,975 (+7.1%) from 2012

Net Assets

Down

$1,462,906

Down $13,991 (-0.9%) from 2012

Liabilities

Up

$10,698,818

Up $820,966 (+8.3%) from 2012

Revenue

$305,785

No earlier filing loaded for comparison.

Expenses

Up

$319,776

Up $52,657 (+20%) from 2012

Net Income

-$13,991

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.

$20M$15M$10M$5.0M$0Assets 2011: $10,404,400Liabilities 2011: $8,924,095Net Assets 2011: $1,480,3052011Assets 2012: $11,354,749Liabilities 2012: $9,877,852Net Assets 2012: $1,476,8972012Assets 2013: $12,161,724Liabilities 2013: $10,698,818Net Assets 2013: $1,462,9062013Assets 2014: $12,492,136Liabilities 2014: $11,002,390Net Assets 2014: $1,489,7462014Assets 2015: $11,598,212Liabilities 2015: $10,070,544Net Assets 2015: $1,527,6682015Assets 2016: $12,093,531Liabilities 2016: $10,542,987Net Assets 2016: $1,550,5442016Assets 2017: $14,165,174Liabilities 2017: $12,588,017Net Assets 2017: $1,577,1572017Assets 2018: $14,709,208Liabilities 2018: $13,041,584Net Assets 2018: $1,667,6242018Assets 2019: $14,912,481Liabilities 2019: $13,129,340Net Assets 2019: $1,783,1412019Assets 2020: $17,817,125Liabilities 2020: $15,935,777Net Assets 2020: $1,881,3482020Assets 2021: $19,841,127Liabilities 2021: $17,902,144Net Assets 2021: $1,938,9832021Assets 2022: $19,588,980Liabilities 2022: $17,626,133Net Assets 2022: $1,962,8472022Assets 2023: $19,797,590Liabilities 2023: $17,730,961Net Assets 2023: $2,066,6292023

Highlighted filing

2013

Assets$12,161,724
Liabilities$10,698,818
Net Assets$1,462,906

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $287,8012011Expenses 2012: $267,1192012Revenue 2013: $305,785Expenses 2013: $319,776Net Income 2013: -$13,9912013Revenue 2014: $363,864Expenses 2014: $337,024Net Income 2014: $26,8402014Revenue 2015: $362,857Expenses 2015: $324,935Net Income 2015: $37,9222015Revenue 2016: $374,542Expenses 2016: $351,666Net Income 2016: $22,8762016Revenue 2017: $412,531Expenses 2017: $385,918Net Income 2017: $26,6132017Revenue 2018: $485,051Expenses 2018: $394,584Net Income 2018: $90,4672018Revenue 2019: $526,540Expenses 2019: $411,023Net Income 2019: $115,5172019Revenue 2020: $526,430Expenses 2020: $428,223Net Income 2020: $98,2072020Revenue 2021: $467,567Expenses 2021: $409,932Net Income 2021: $57,6352021Revenue 2022: $471,202Expenses 2022: $447,338Net Income 2022: $23,8642022Revenue 2023: $594,495Expenses 2023: $485,614Net Income 2023: $108,8812023

Highlighted filing

2013

Revenue$305,785
Expenses$319,776
Net Income-$13,991
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Mar 27, 2014
Return Version
2013v3.1
Gross Receipts
$305,785
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,908,685$4,722,717▼ $185,968
Investments Program Related$3,301,700$4,496,700▲ $1,195,000
Savings and Temporary Cash Investments$2,937,435$2,746,702▼ $190,733
Rtn Earn Endowment Incm Other Fnds$1,476,897$1,462,906▼ $13,991
Prepaid Expenses and Deferred Charges$35,360$31,708▼ $3,652
Land, Buildings, and Equipment, Net$46,029$30,782▼ $15,247
Cash and Non-Interest-Bearing Accounts$16,710$27,957▲ $11,247
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$11,354,749$12,161,724▲ $806,975
Other Assets Total$108,830$105,158▼ $3,672
Liabilities
Other Liabilities$9,863,944$10,686,156▲ $822,212
Accounts Payable and Accrued Expenses$13,908$12,662▼ $1,246
Total Liabilities$9,877,852$10,698,818▲ $820,966
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,476,897$1,462,906▼ $13,991
Total Liabilities and Net Assets / Fund Balance$11,354,749$12,161,724▲ $806,975

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,265$144,285$152,550
Other Land Buildings$3,758$85,579$89,337
Equipment$742$58,695$59,437
Leasehold Improvements-$18,500$18,500
Land$18,017-$18,017
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeannie NyeManagerFT$48,712$48,712

Board Members and Trustees

NameTitle
Charles MottChairman
Michael ConflittiVice Chairman
Elaine CrawfordDirector
Mari Lockman-DiamondDirector
Thomas WeertzDirector
Stacy Van OastSecretary
Daniel DiamondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$247,579
Investment Income
$57,096
Other Revenue
$1,110
Change in Net Assets
$-13,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$208,452
Salaries, Compensation, and Employee Benefits$111,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$65,092
Current Officers, Directors, Trustees, and Key Employees---$48,712
Other Salaries and Wages---$31,668
Other Employee Benefits---$24,564
Occupancy---$19,280
Information Technology---$13,597
Insurance---$10,012
Interest---$9,988
All Other Expenses---$8,452
Other Expenses---$6,732
Payroll Taxes---$6,380
Depreciation Depletion---$6,005
Fees for Services Accounting---$4,900
Total Functional Expenses$0$0$0$319,776
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 Share Accounts$9,576,558
Member Share Drafts$1,109,598
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Daniel Diamond and Mari Diamond have a family relationship.

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

EIN
38-1532613
Phone
3139636060

Signing Officer

Name
Jeannie Nye
Title
Manager
Signed
2014-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeannie Nye
Formed
1955
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
9

Preparer

Preparer
Robin Rivers
Phone
8005225820
Raw XML Appendix400 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/BOYAmt013908
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012662
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide financial services and products to members.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt08452
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Jeanne Nye
IRS990/BooksInCareOfDetail/PhoneNum03139636060
IRS990/BooksInCareOfDetail/USAddress/AddressLine101366 Porter Street
IRS990/BooksInCareOfDetail/USAddress/City0Detroit
IRS990/BooksInCareOfDetail/USAddress/State0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCode048226
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt016710
IRS990/CashNonInterestBearingGrp/EOYAmt027957
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt048712
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/CYInvestmentIncomeAmt057096
IRS990/CYOtherExpensesAmt0208452
IRS990/CYOtherRevenueAmt01110
IRS990/CYProgramServiceRevenueAmt0247579
IRS990/CYRevenuesLessExpensesAmt0-13991
IRS990/CYSalariesCompEmpBnftPaidAmt0111324
IRS990/CYTotalExpensesAmt0319776
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0305785
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt06005
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 2,400.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt04900
IRS990/FeesForServicesLegalGrp/TotalAmt00
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/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/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0Charles Mott
IRS990/Form990PartVIISectionAGrp/PersonNm1Michael Conflitti
IRS990/Form990PartVIISectionAGrp/PersonNm2Daniel Diamond
IRS990/Form990PartVIISectionAGrp/PersonNm3Stacy Van Oast
IRS990/Form990PartVIISectionAGrp/PersonNm4Mari Lockman-Diamond
IRS990/Form990PartVIISectionAGrp/PersonNm5Elaine Crawford
IRS990/Form990PartVIISectionAGrp/PersonNm6Thomas Weertz
IRS990/Form990PartVIISectionAGrp/PersonNm7Jeannie Nye
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt748712
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/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Manager
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0305785
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt013597
IRS990/InsuranceGrp/TotalAmt010012
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt09988
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt057096
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt057096
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt03301700
IRS990/InvestmentsProgramRelatedGrp/EOYAmt04496700
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt0165
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0307059
IRS990/LandBldgEquipBasisNetGrp/BOYAmt046029
IRS990/LandBldgEquipBasisNetGrp/EOYAmt030782
IRS990/LandBldgEquipCostOrOtherBssAmt0337841
IRS990/LegalDomicileStateCd0MI
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide financial services and products to members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01476897
IRS990/NetAssetsOrFundBalancesEOYAmt01462906
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-221
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt019280
IRS990/OfficeExpensesGrp/TotalAmt065092
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0108830
IRS990/OtherAssetsTotalGrp/EOYAmt0105158
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024564
IRS990/OtherExpensesGrp/Desc0Service Center Expenses
IRS990/OtherExpensesGrp/Desc1Computer Maintenance Contracts
IRS990/OtherExpensesGrp/Desc2Profession Services
IRS990/OtherExpensesGrp/Desc3Operating Fees
IRS990/OtherExpensesGrp/TotalAmt031253
IRS990/OtherExpensesGrp/TotalAmt126301
IRS990/OtherExpensesGrp/TotalAmt26840
IRS990/OtherExpensesGrp/TotalAmt36732
IRS990/OtherLiabilitiesGrp/BOYAmt09863944
IRS990/OtherLiabilitiesGrp/EOYAmt010686156
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/Desc0Insurance Revenue
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01110
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt01110
IRS990/OtherRevenueTotalAmt01110
IRS990/OtherSalariesAndWagesGrp/TotalAmt031668
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04908685
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04722717
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt06380
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt035360
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031708
IRS990/PrincipalOfficerNm0Jeannie Nye
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc1Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc2Other Program Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt062525
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1184524
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2530
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt062525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1184524
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2530
IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union provides a variety of loans to members including credit card, vehicle and other. The total number of loans outstanding at 12/31/2013 was 518.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt053423
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0153369
IRS990/PYOtherRevenueAmt01037
IRS990/PYProgramServiceRevenueAmt0209251
IRS990/PYRevenuesLessExpensesAmt0-3408
IRS990/PYSalariesCompEmpBnftPaidAmt0113750
IRS990/PYTotalExpensesAmt0267119
IRS990/PYTotalRevenueAmt0263711
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-13991
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01476897
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01462906
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02937435
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02746702
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08265
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0144285
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0152550
IRS990ScheduleD/EquipmentGrp/BookValueAmt0742
IRS990ScheduleD/EquipmentGrp/DepreciationAmt058695
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059437
IRS990ScheduleD/LandGrp/BookValueAmt018017
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt018017
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt018500
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03758
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt085579
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt089337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09576558
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11109598
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Share Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Share Drafts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030782
IRS990ScheduleD/TotalBookValueProgramRltdAmt04496700
IRS990ScheduleD/TotalLiabilityAmt010686156
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Daniel Diamond and Mari Diamond have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Section 501c(14) Credit Union is composed of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Mergers are voted on by entire membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Credit 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 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 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/TotalAssetsBOYAmt011354749
IRS990/TotalAssetsEOYAmt012161724
IRS990/TotalAssetsGrp/BOYAmt011354749
IRS990/TotalAssetsGrp/EOYAmt012161724
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0319776
IRS990/TotalGrossUBIAmt01110
IRS990/TotalLiabilitiesBOYAmt09877852
IRS990/TotalLiabilitiesEOYAmt010698818
IRS990/TotalLiabilitiesGrp/BOYAmt09877852
IRS990/TotalLiabilitiesGrp/EOYAmt010698818
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01476897
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01462906
IRS990/TotalProgramServiceRevenueAmt0247579
IRS990/TotalReportableCompFromOrgAmt048712
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0304675
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0305785
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01110
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011354749
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012161724
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101366 Porter Street
IRS990/USAddress/City0Detroit
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode048226
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.ewcu.net
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jeannie Nye
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-03-27
ReturnHeader/Filer/BusinessName/BusinessNameLine10Electrical Workers Local 58 Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0ELEC
ReturnHeader/Filer/EIN0381532613
ReturnHeader/Filer/PhoneNum03139636060
ReturnHeader/Filer/USAddress/AddressLine101366 Porter Street
ReturnHeader/Filer/USAddress/City0Detroit
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode048226
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine103615 NEWBURG ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode040218
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robin Rivers
ReturnHeader/ReturnTs02014-03-27T17:52:34-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.8$17.7$2.07$0.59$0.49$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$17.6$1.96$0.47$0.45$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.8$17.9$1.94$0.47$0.41$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$15.9$1.88$0.53$0.43$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.9$13.1$1.78$0.53$0.41$0.12
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$13.0$1.67$0.49$0.39$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$12.6$1.58$0.41$0.39$0.03
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$10.5$1.55$0.37$0.35$0.02
2015Detailed filing. Detailed filing data is available for this year.$11.6$10.1$1.53$0.36$0.32$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.5$11.0$1.49$0.36$0.34$0.03
2013Detailed filing. Detailed filing data is available for this year.$12.2$10.7$1.46$0.31$0.32$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$9.88$1.48$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$8.92$1.48$0.29
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)14 • $10M-$25M nonprofits