Civic Intelligence

Unknown Organization

990 • Fiscal year 2013 • EIN 38-1550540

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 07, 2014

Organization Profilewww.shareteccu.com/SLC

View Organization Page

42700 SchoenherrNo 648313

(586) 247-3100

Siviq Scores

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

Liabilities / Assets

68th percentile

0.88x

Higher debt load relative to assets than 68% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

82nd percentile

25.06x

Higher debt load relative to revenue than 82% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Net Margin

29th percentile

-3.8%

Higher net margin than 29% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

48th percentile

$50,426

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 20.7% of source-year revenue.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Asset Growth

12th percentile

-5.4%

Faster asset growth than 12% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M 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 / Assets68th percentile

Assets

Down

$6,907,670

Down $395,514 (-5.4%) from 2012

Net Assets

Down

$800,373

Down $13,708 (-1.7%) from 2012

Liabilities

Down

$6,107,297

Down $381,806 (-5.9%) from 2012

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin29th percentile

Revenue

$243,710

No earlier filing loaded for comparison.

Expenses

Down

$252,915

Down $22,257 (-8.1%) from 2012

Net Income

-$9,205

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $7,118,240Liabilities 2011: $6,314,498Net Assets 2011: $803,7422011Assets 2012: $7,303,184Liabilities 2012: $6,489,103Net Assets 2012: $814,0812012Assets 2013: $6,907,670Liabilities 2013: $6,107,297Net Assets 2013: $800,3732013

Highlighted filing

2013

Assets$6,907,670
Liabilities$6,107,297
Net Assets$800,373
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KExpenses 2011: $292,6592011Expenses 2012: $275,1722012Revenue 2013: $243,710Expenses 2013: $252,915Net Income 2013: -$9,2052013

Highlighted filing

2013

Revenue$243,710
Expenses$252,915
Net Income-$9,205
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 7, 2014
Return Version
2013v3.0
Gross Receipts
$243,710
Mission and Program Overview

Mission

To encourage thrift among its members, provide a variety of financial services to its members and provide an opportunity for its members to use and control their own money on a democratic basis in order to improve their economic and social condition.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,022,690$4,148,186▲ $125,496
Other Notes and Loans Receivable, Net$2,760,155$2,401,136▼ $359,019
Rtn Earn Endowment Incm Other Fnds$814,081$800,373▼ $13,708
Investments Program Related$238,835$178,539▼ $60,296
Cash and Non-Interest-Bearing Accounts$158,526$59,290▼ $99,236
Prepaid Expenses and Deferred Charges$19,719$21,932▲ $2,213
Land, Buildings, and Equipment, Net$13,915$10,363▼ $3,552
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,303,184$6,907,670▼ $395,514
Other Assets Total$89,344$88,224▼ $1,120
Liabilities
Other Liabilities$6,481,740$6,095,497▼ $386,243
Accounts Payable and Accrued Expenses$7,363$11,800▲ $4,437
Total Liabilities$6,489,103$6,107,297▼ $381,806
Net Assets / Fund Balance
Total Net Assets Fund Balance$814,081$800,373▼ $13,708
Total Liabilities and Net Assets / Fund Balance$7,303,184$6,907,670▼ $395,514

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,363$0$10,363
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Other Securities$221,186--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Annette SwidwinskiSecretary/CEOFT$50,000$426$50,426

Board Members and Trustees

NameTitle
George F WeigandChairperson
Norman GrifkaVice Chairperson
John TernesTrustee
Kenneth GrunewaldTrustee
Warren SawdonTrustee
Donald HeydensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$195,323
Investment Income
$48,387
Other Revenue
$0
Change in Net Assets
$-9,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,598
Salaries, Compensation, and Employee Benefits$88,317
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$50,426
Office Expenses---$43,796
Occupancy---$29,373
Other Salaries and Wages---$26,645
Information Technology---$26,190
Interest---$14,870
Payroll Taxes---$11,246
Insurance---$9,866
Conferences and Meetings---$1,179
Depreciation Depletion---$946
Fees for Services Legal---$666
Advertising---$300
Other Expenses---$-89
Total Functional Expenses$0$0$0$252,915
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$6,095,497
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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 4

“The Credit Union merged into Lakes Community Credit Union on April 1, 2014.”

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 are elected by the members at the annual meeting for 3 year terms.”

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

“By-Law changes and mergers would be approved by the membership at the annual meeting.”

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

“The CEO reviews the return and notifies the board it is available for review prior to filing.”

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

“Due to the small size of the Credit Union, conflicts of interest are discussed at board meetings.”

Form 990, Part VI, Section B, Line 15

“The Board determines and approves the wages of the CEO based on the financial position of the credit union.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

EIN
38-1550540
Phone
5862473100

Signing Officer

Name
Annette Swidwinski
Title
CEO
Phone
5862473100
Signed
2014-07-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annette Swidwinski
Formed
1957
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
6
Employees
6
Volunteers
12

Preparer

Preparer
Julia Lynn Rust
Phone
5862961155
Raw XML Appendix395 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Credit Union merged into Lakes Community Credit Union on April 1, 2014.
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 are elected by the members at the annual meeting for 3 year terms.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3By-Law changes and mergers would be approved by the membership at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The CEO reviews the return and notifies the board it is available for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Due to the small size of the Credit Union, conflicts of interest are discussed at board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Board determines and approves the wages of the CEO based on the financial position of the credit union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Financial Statements are posted in the lobby of the Credit Union, other documents and policies are available for review upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 4
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/TotalAssetsBOYAmt07303184
IRS990/TotalAssetsEOYAmt06907670
IRS990/TotalAssetsGrp/BOYAmt07303184
IRS990/TotalAssetsGrp/EOYAmt06907670
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0252915
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06489103
IRS990/TotalLiabilitiesEOYAmt06107297
IRS990/TotalLiabilitiesGrp/BOYAmt06489103
IRS990/TotalLiabilitiesGrp/EOYAmt06107297
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0814081
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0800373
IRS990/TotalOtherCompensationAmt0426
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0195323
IRS990/TotalReportableCompFromOrgAmt050000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0243710
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0243710
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07303184
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06907670
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1042700 Schoenherr
IRS990/USAddress/AddressLine20Suite No 6
IRS990/USAddress/City0Sterling Heights
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode048313
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.shareteccu.com/SLC
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Annette Swidwinski
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05862473100
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-07
ReturnHeader/Filer/BusinessName/BusinessNameLine10SLC Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0SLCC
ReturnHeader/Filer/EIN0381550540
ReturnHeader/Filer/PhoneNum05862473100
ReturnHeader/Filer/USAddress/AddressLine1042700 Schoenherr
ReturnHeader/Filer/USAddress/AddressLine20No 6
ReturnHeader/Filer/USAddress/City0Sterling Heights
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode048313
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382336859
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Cindrich Mahalak & Co
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1031215 Jefferson Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0St Clair Shores
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode048082
ReturnHeader/PreparerPersonGrp/PhoneNum05862961155
ReturnHeader/PreparerPersonGrp/PreparationDt02014-07-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Julia Lynn Rust
ReturnHeader/ReturnTs02014-07-07T11:19:29-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$6,907,670
Liabilities
$6,107,297
Net assets
$800,373
Revenue
$243,710
Expenses
$252,915
Net income
-$9,205
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Detailed filing. Detailed filing data is available for this year.$6.91$6.11$0.80$0.24$0.25$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.30$6.49$0.81$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.12$6.31$0.80$0.29