Civic Intelligence

Credit Union Chartered in Michigan Veterans Health Administration Credit Un

990 • Fiscal year 2014 • EIN 38-1556347

Jan 01, 2014 to Dec 31, 2014 • Filed on May 07, 2015

Organization ProfileN/A
4646 John RDetroit, MI 48201

(313) 576-3300

Siviq Scores

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

Liabilities / Assets

88th percentile

0.90x

Higher debt load relative to assets than 88% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

35th percentile

12.61x

Higher debt load relative to revenue than 35% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Net Margin

51st percentile

3.8%

Higher net margin than 51% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

99th percentile

24%

Faster asset growth than 99% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

85th percentile

6.2%

Faster revenue growth than 85% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$3,518,195

Up $671,606 (+24%) from 2013

Net Assets

Up

$343,153

Up $9,502 (+2.8%) from 2013

Liabilities

Up

$3,175,042

Up $662,104 (+26%) from 2013

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin51st percentile

Revenue

Up

$251,802

Up $14,649 (+6.2%) from 2013

Expenses

Up

$242,321

Up $21,272 (+9.6%) from 2013

Net Income

Down

$9,481

Down $6,623 (-41%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,500,402Liabilities 2011: $3,185,159Net Assets 2011: $315,2432011Assets 2012: $3,344,503Liabilities 2012: $3,026,956Net Assets 2012: $317,5472012Assets 2013: $2,846,589Liabilities 2013: $2,512,938Net Assets 2013: $333,6512013Assets 2014: $3,518,195Liabilities 2014: $3,175,042Net Assets 2014: $343,1532014Assets 2015: $2,032,533Liabilities 2015: $1,681,660Net Assets 2015: $350,7832015

Highlighted filing

2014

Assets$3,518,195
Liabilities$3,175,042
Net Assets$343,153
Open 2014 Filing

Operations Trend

Revenue Growth85th percentile

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

$300K$200K$100K$0Revenue 2011: $272,089Expenses 2011: $253,387Net Income 2011: $18,7022011Revenue 2012: $255,344Expenses 2012: $244,498Net Income 2012: $10,8462012Revenue 2013: $237,153Expenses 2013: $221,049Net Income 2013: $16,1042013Revenue 2014: $251,802Expenses 2014: $242,321Net Income 2014: $9,4812014Revenue 2015: $277,195Expenses 2015: $269,476Net Income 2015: $7,7192015

Highlighted filing

2014

Revenue$251,802
Expenses$242,321
Net Income$9,481
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 7, 2015
Return Version
2014v5.0
Gross Receipts
$251,802
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,138,889$2,066,356▲ $927,467
Other Notes and Loans Receivable, Net$1,379,416$1,107,582▼ $271,834
Rtn Earn Endowment Incm Other Fnds$333,651$343,153▲ $9,502
Cash and Non-Interest-Bearing Accounts$215,078$233,788▲ $18,710
Land, Buildings, and Equipment, Net$26,230$27,529▲ $1,299
Investments Other Securities$18,400$18,400→ $0
Prepaid Expenses and Deferred Charges$9,862$16,964▲ $7,102
Accounts Receivable$10,765$8,504▼ $2,261
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$2,846,589$3,518,195▲ $671,606
Other Assets Total$47,949$39,072▼ $8,877
Liabilities
Other Liabilities$2,512,938$3,171,641▲ $658,703
Accounts Payable and Accrued Expenses-$3,401-
Total Liabilities$2,512,938$3,175,042▲ $662,104
Net Assets / Fund Balance
Total Net Assets Fund Balance$333,651$343,153▲ $9,502
Total Liabilities and Net Assets / Fund Balance$2,846,589$3,518,195▲ $671,606

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,263-$27,263
Other Land Buildings$266-$266
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Ina AfutitiCEOFT$87,000$87,000

Board Members and Trustees

NameTitle
Joseph SmithChairperson
Wayne SnyderDirector
Valerie OwensSecretary
Harriette WoodardsTreasurer
Zetta RobertsVice Chaiperson
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$251,052
Investment Income
$750
Other Revenue
$0
Change in Net Assets
$9,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$139,049
Other Expenses$103,272
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---$87,000
Other Salaries and Wages---$52,049
Office Expenses---$35,282
Interest---$7,543
Advertising---$4,159
Travel---$469
Other Expenses---$-1,116
All Other Expenses---$-1,550
Total Functional Expenses$0$0$0$242,321
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
Share Accounts$2,754,113
Deposit Accounts$417,528
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
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 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
Credit Union Chartered in Michigan
EIN
38-1556347
Phone
3135763300
Address
4646 John R, Detroit, MI 48201

Signing Officer

Name
Ina Afutiti
Title
CEO
Signed
2015-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ina Afutiti
Formed
1954
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
11

Preparer

Firm
Financial Standards Group Inc
Address
3615 NEWBURG ROAD, LOUISVILLE, KY 40218
Preparer
Robin Rivers
Phone
8005225820
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Other Changes in Net Fund Balance = $21”

Raw XML Appendix365 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/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
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IRS990/Form990PartVIISectionAGrp/PersonNm3Valerie Owens
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chaiperson
IRS990/Form990PartVIISectionAGrp/TitleTxt5CEO
IRS990/Form990ProvidedToGvrnBodyInd0false
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt00
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IRS990/IRPDocumentCnt081
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IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MethodOfAccountingAccrualInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deposit Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Share Accounts
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IRS990ScheduleD/TotalLiabilityAmt03171641
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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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Credit 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/ExplanationTxt6Other Changes in Net Fund Balance = $21
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 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Changes In Net Assets Or Fund Balances - Other Increases
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02846589
IRS990/TotalAssetsEOYAmt03518195
IRS990/TotalAssetsGrp/BOYAmt02846589
IRS990/TotalAssetsGrp/EOYAmt03518195
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0242321
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02512938
IRS990/TotalLiabilitiesEOYAmt03175042
IRS990/TotalLiabilitiesGrp/BOYAmt02512938
IRS990/TotalLiabilitiesGrp/EOYAmt03175042
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0333651
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0343153
IRS990/TotalProgramServiceRevenueAmt0251052
IRS990/TotalReportableCompFromOrgAmt087000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0251802
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0251802
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02846589
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03518195
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0469
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04646 John R
IRS990/USAddress/CityNm0Detroit
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048201
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ina Afutiti
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Credit Union Chartered in Michigan
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Veterans Health Administration Credit Un
ReturnHeader/Filer/BusinessNameControlTxt0CRED
ReturnHeader/Filer/EIN0381556347
ReturnHeader/Filer/PhoneNum03135763300
ReturnHeader/Filer/USAddress/AddressLine1Txt04646 John R
ReturnHeader/Filer/USAddress/CityNm0Detroit
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048201
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03615 NEWBURG ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040218
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robin Rivers
ReturnHeader/ReturnTs02015-05-07T17:59:49-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,518,195
Liabilities
$3,175,042
Net assets
$343,153
Revenue
$251,802
Expenses
$242,321
Net income
$9,481
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Summary only. Only limited summary data is available for this year.$2.03$1.68$0.35$0.28$0.27$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.52$3.18$0.34$0.25$0.24$0.01
2013Detailed filing. Detailed filing data is available for this year.$2.85$2.51$0.33$0.24$0.22$0.02
2012Summary only. Only limited summary data is available for this year.$3.34$3.03$0.32$0.26$0.24$0.01
2011Summary only. Only limited summary data is available for this year.$3.50$3.19$0.32$0.27$0.25$0.02