Civic Intelligence

Credit Unions Chartered in the State of Michigan 722 Tripointe Community Credit Union

990 • Fiscal year 2014 • EIN 38-1587818

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

Organization Profilewww.tripointecu.com

View Organization Page

2343 East Hill RoadGrand Blanc, MI 48439

(810) 694-1301

Siviq Scores

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

Liabilities / Assets

16th percentile

0.86x

Higher debt load relative to assets than 16% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

25.82x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Net Margin

50th percentile

11%

Higher net margin than 50% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M 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

43rd percentile

3.1%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

46th percentile

1.4%

Faster revenue growth than 46% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$208,454,867

Up $6,211,339 (+3.1%) from 2013

Net Assets

Up

$30,172,258

Up $759,784 (+2.6%) from 2013

Liabilities

Up

$178,282,609

Up $5,451,555 (+3.2%) from 2013

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin50th percentile

Revenue

Up

$6,904,535

Up $98,389 (+1.4%) from 2013

Expenses

Down

$6,144,751

Down $49,753 (-0.8%) from 2013

Net Income

Up

$759,784

Up $148,142 (+24%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$300M$200M$100M$0Assets 2010: $188,683,056Liabilities 2010: $160,520,320Net Assets 2010: $28,162,7362010Assets 2011: $194,590,590Liabilities 2011: $166,239,553Net Assets 2011: $28,351,0372011Assets 2012: $195,284,009Liabilities 2012: $166,483,177Net Assets 2012: $28,800,8322012Assets 2013: $202,243,528Liabilities 2013: $172,831,054Net Assets 2013: $29,412,4742013Assets 2014: $208,454,867Liabilities 2014: $178,282,609Net Assets 2014: $30,172,2582014

Highlighted filing

2014

Assets$208,454,867
Liabilities$178,282,609
Net Assets$30,172,258
Open 2014 Filing

Operations Trend

Revenue Growth46th percentile

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

$10M$5.0M$0Expenses 2010: $8,251,7292010Expenses 2011: $7,203,6962011Expenses 2012: $6,368,3252012Revenue 2013: $6,806,146Expenses 2013: $6,194,504Net Income 2013: $611,6422013Revenue 2014: $6,904,535Expenses 2014: $6,144,751Net Income 2014: $759,7842014

Highlighted filing

2014

Revenue$6,904,535
Expenses$6,144,751
Net Income$759,784
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 7, 2015
Return Version
2014v5.0
Gross Receipts
$8,796,610
Mission and Program Overview

Mission

To encourage thrift among its members, to create a source of credit at legitimate rates of interest and to provide an opportunity for its members to use and control their own money on a democratic basis in order to improve their economic condition.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$144,793,991$152,577,991▲ $7,784,000
Other Notes and Loans Receivable, Net$44,658,680$43,051,956▼ $1,606,724
Rtn Earn Endowment Incm Other Fnds$29,412,474$30,172,258▲ $759,784
Land, Buildings, and Equipment, Net$4,826,223$4,806,509▼ $19,714
Cash and Non-Interest-Bearing Accounts$4,279,909$4,414,305▲ $134,396
Accounts Receivable$46,197$588,270▲ $542,073
Investments Program Related$546,459--
Prepaid Expenses and Deferred Charges$218,028$213,458▼ $4,570
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$202,243,528$208,454,867▲ $6,211,339
Other Assets Total$2,874,041$2,802,378▼ $71,663
Liabilities
Other Liabilities$171,079,064$176,522,470▲ $5,443,406
Accounts Payable and Accrued Expenses$1,751,990$1,760,139▲ $8,149
Total Liabilities$172,831,054$178,282,609▲ $5,451,555
Net Assets / Fund Balance
Total Net Assets Fund Balance$29,412,474$30,172,258▲ $759,784
Total Liabilities and Net Assets / Fund Balance$202,243,528$208,454,867▲ $6,211,339

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,713,007$1,730,134$4,443,141
Land$1,635,889-$1,635,889
Equipment$457,613$1,167,344$1,624,957
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Other Securities$20,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mack McConnellCEOFT$227,697$73,109$300,806
Lana DurfeeVP AccountingFT$81,170$9,543$90,713

Board Members and Trustees

NameTitle
Marvin HardenburgChairperson
Harold SmithVice Chairperson
Duane LabrecqueBoard Member
Gary R GoodallBoard Member
Michael MartinBoard Member
William G SpragueSecretary
Jesse GarciaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,014,186
Investment Income
$1,873,979
Other Revenue
$16,370
Change in Net Assets
$759,784
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,175,055
Salaries, Compensation, and Employee Benefits$2,969,696
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,963,143
Office Expenses---$1,020,262
Interest---$486,218
Current Officers, Directors, Trustees, and Key Employees---$391,519
Occupancy---$333,054
Information Technology---$264,998
Other Employee Benefits---$259,643
Depreciation Depletion---$248,962
Payroll Taxes---$204,036
Pension Plan Contributions---$151,355
Advertising---$70,232
Insurance---$22,434
Fees for Services Accounting---$21,909
Fees for Services Other---$21,848
Fees for Services Legal---$16,808
Other Expenses---$11,876
Conferences and Meetings---$9,901
All Other Expenses---$2,500
Travel---$1,883
Total Functional Expenses$0$0$0$6,144,751
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$176,522,470
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
No
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

“Board Members are selected by nominating committee and voted on at the annual meeting for 3 year staggered terms.”

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

“The 990 returns are reviewed by the CEO and then a copy is provided to the Board of Directors for review at a regular board meeting prior to filing.”

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

“Periodically question employees concerning conflicts of interest. Employees are required to sign conflict of interest statements annually.”

Form 990, Part VI, Section B, Line 15

“Salary surveys are used and the Board of Directors then approves the compensation of the CEO. The CEO performs annual evaluations of the VP of Accounting. Reviews were performed in December 2014 to go into effect January 1, 2015.”

Form 990, Part VI, Section C, Line 19

“Financial Statements are posted in the Credit Union's lobbies. Governing documents would be made available for review upon request.”

Filing and Contact Details

Filer

Filer Name
Credit Unions Chartered in the State of Michigan
EIN
38-1587818
Phone
8106941301
Address
2343 East Hill Road, Grand Blanc, MI 48439

Signing Officer

Name
Jackie Buchannan
Title
CEO
Phone
8106941301
Signed
2015-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jackie Buchannan
Formed
1957
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
83
Volunteers
7

Preparer

Firm
Cindrich Mahalak & Co
Address
31215 Jefferson Ave, St Clair Shores, MI 48082
Preparer
Roy Griffor Jr
Phone
5862961155
Raw XML AppendixShowing 400 of 447 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/ProgSrvcAccomActy2Grp/Desc0Provide 10,384 loans including Credit Cards, Lines of Credit, Vehicle, 1st Mortgages, Other Real Estate Loans and Business Loans.
IRS990/ProgSrvcAccomActy3Grp/Desc0Offer all members services such as ATM and debit cards, money orders, traveler money cards, safe deposit boxes, check cashing, US Bonds, gift cards, insurance and electronic banking.
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IRS990/PYSalariesCompEmpBnftPaidAmt02860132
IRS990/PYTotalExpensesAmt06194504
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06806146
IRS990/ReconcilationRevenueExpnssAmt0759784
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt016370
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt029412474
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt030172258
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02713007
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01730134
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04443141
IRS990ScheduleD/EquipmentGrp/BookValueAmt0457613
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01167344
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01624957
IRS990ScheduleD/LandGrp/BookValueAmt01635889
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01635889
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/Amt0176522470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0152557991
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt120000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Other Investments
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Co-Op Network Stock
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04806509
IRS990ScheduleD/TotalBookValueSecuritiesAmt0152577991
IRS990ScheduleD/TotalLiabilityAmt0176522470
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0227697
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount039000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt021840
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt02063
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Mack McConnell
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0300806
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0CEO Mack McConnell participates in a 457 plan. As of December 31, 2014 the value of the investment was $418,338.12
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 4
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The credit union has a single class of members with equal rights of ownership, governance and voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board Members are selected by nominating committee and voted on at the annual meeting for 3 year staggered terms.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 990 returns are reviewed by the CEO and then a copy is provided to the Board of Directors for review at a regular board meeting prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Periodically question employees concerning conflicts of interest. Employees are required to sign conflict of interest statements annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Salary surveys are used and the Board of Directors then approves the compensation of the CEO. The CEO performs annual evaluations of the VP of Accounting. Reviews were performed in December 2014 to go into effect January 1, 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Financial Statements are posted in the Credit Union's lobbies. Governing documents would be made available for review upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0202243528
IRS990/TotalAssetsEOYAmt0208454867
IRS990/TotalAssetsGrp/BOYAmt0202243528
IRS990/TotalAssetsGrp/EOYAmt0208454867
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt083
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt06144751
IRS990/TotalGrossUBIAmt0102046
IRS990/TotalLiabilitiesBOYAmt0172831054
IRS990/TotalLiabilitiesEOYAmt0178282609
IRS990/TotalLiabilitiesGrp/BOYAmt0172831054
IRS990/TotalLiabilitiesGrp/EOYAmt0178282609
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt029412474
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt030172258
IRS990/TotalOtherCompensationAmt041589
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt05014186
IRS990/TotalReportableCompFromOrgAmt0349930
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06802489

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$208,454,867
Liabilities
$178,282,609
Net assets
$30,172,258
Revenue
$6,904,535
Expenses
$6,144,751
Net income
$759,784
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$208$178$30.2$6.90$6.14$0.76
2013Detailed filing. Detailed filing data is available for this year.$202$173$29.4$6.81$6.19$0.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$195$166$28.8$6.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$195$166$28.4$7.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$189$161$28.2$8.25
Peer Organizations

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