Civic Intelligence

Unknown Organization

990 • Fiscal year 2013 • EIN 38-1603784

Jan 01, 2013 to Dec 31, 2013 • Filed on May 02, 2014

Organization Profilewww.cudrive.org

View Organization Page

5397 West Michigan Avenue48197

(734) 434-4130

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$58,242,735

Up $379,547 (+0.7%) from 2012

Net Assets

Up

$8,247,464

Up $328,578 (+4.1%) from 2012

Liabilities

Up

$49,995,271

Up $50,969 (+0.1%) from 2012

Revenue And Expenses

Revenue

$2,969,406

No earlier filing loaded for comparison.

Expenses

Down

$2,635,717

Down $342,812 (-12%) from 2012

Net Income

$333,689

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.

$60M$40M$20M$0Assets 2010: $54,220,799Liabilities 2010: $46,675,463Net Assets 2010: $7,545,3362010Assets 2011: $57,766,686Liabilities 2011: $50,038,861Net Assets 2011: $7,727,8252011Assets 2012: $57,863,188Liabilities 2012: $49,944,302Net Assets 2012: $7,918,8862012Assets 2013: $58,242,735Liabilities 2013: $49,995,271Net Assets 2013: $8,247,4642013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2013

Assets$58,242,735
Liabilities$49,995,271
Net Assets$8,247,464
Open 2013 Filing

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $3,470,5342010Expenses 2011: $3,052,8042011Expenses 2012: $2,978,5292012Revenue 2013: $2,969,406Expenses 2013: $2,635,717Net Income 2013: $333,6892013Revenue 2014: $1,397,926Expenses 2014: $1,654,028Net Income 2014: -$256,1022014

Highlighted filing

2013

Revenue$2,969,406
Expenses$2,635,717
Net Income$333,689
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 2, 2014
Return Version
2013v3.0
Gross Receipts
$3,171,506
Mission and Program Overview

Mission

The Credit Union is a member owned, full service financial organization committed to providing financial services and cost savings by helping our members achieve their vision of financial success.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$24,871,919$25,410,970▲ $539,051
Investments Other Securities$21,827,300$23,731,996▲ $1,904,696
Rtn Earn Endowment Incm Other Fnds$7,918,886$8,247,464▲ $328,578
Investments Program Related$8,243,668$5,180,768▼ $3,062,900
Cash and Non-Interest-Bearing Accounts$1,022,884$953,159▼ $69,725
Land, Buildings, and Equipment, Net$996,183$948,686▼ $47,497
Prepaid Expenses and Deferred Charges$119,256$90,096▼ $29,160
Accounts Receivable$7,456$14,894▲ $7,438
Savings and Temporary Cash Investments$5$5→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$57,863,188$58,242,735▲ $379,547
Other Assets Total$774,517$1,912,161▲ $1,137,644
Liabilities
Other Liabilities$49,497,754$49,596,227▲ $98,473
Accounts Payable and Accrued Expenses$446,548$399,044▼ $47,504
Total Liabilities$49,944,302$49,995,271▲ $50,969
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,918,886$8,247,464▲ $328,578
Total Liabilities and Net Assets / Fund Balance$57,863,188$58,242,735▲ $379,547

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$762,081$913,003$1,675,084
Equipment$117,601$513,773$631,374
Land$69,004-$69,004
Investment Program Related Org$5,180,768--
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Other Securities$47,450--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Renee DeMarcoPresident/CEOFT$107,176$15,526$122,702
Alan EngleAccounting ManagerFT$51,783$24,363$76,146

Board Members and Trustees

NameTitle
Claudia YoungChairperson
Donald FairVice Chairman
Lyle TindallDirector
Ronnie WilliamsDirector
Xiang WuDirector
Susan WilsonDirector from 10/13
Anne DrakeDirector until 10/13
Mark UrbaniakSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,730,521
Investment Income
$238,885
Other Revenue
$0
Change in Net Assets
$333,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,366,912
Salaries, Compensation, and Employee Benefits$1,268,805
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$710,699
Fees for Services Other---$417,186
Office Expenses---$206,656
Other Employee Benefits---$204,284
Current Officers, Directors, Trustees, and Key Employees---$198,848
Occupancy---$182,565
Interest---$100,440
Payroll Taxes---$91,182
Depreciation Depletion---$86,891
Pension Plan Contributions---$63,792
Information Technology---$58,949
Fees for Services Accounting---$39,793
Conferences and Meetings---$37,112
Insurance---$29,297
Fees for Services Legal---$26,712
Advertising---$24,078
Travel---$14,488
Other Expenses---$5,240
Total Functional Expenses$0$0$0$2,635,717
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$49,596,227
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 are elected by the membership at the Annual Meeting. Each Board members is elected for one to three year terms.”

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

“Credit Union decisions that are subject to membership approval are mergers, field of membership changes, by-law changes and charter changes.”

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

“A review is conducted by the President/CEO prior to submission to the IRS.”

Form 990, Part VI, Section B, Line 15

“The Compease Salary Survey, CUNA Staff and Salary Report and job performance review is completed by the Management Salary and Policy review Committee ( Members of the Board of Directors) to determine the compensation for the President/CEO. The President/CEO and the Management Salary and Policy Review Committee used Compease Salary Report, CUNA Staff and Salary Report, performance and union contract to determine wage increases for key employees. The last performance review for both the President/CEO and key employees were completed 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 request.”

Filing and Contact Details

Filer

EIN
38-1603784
Phone
7344344130

Signing Officer

Name
Alan J Engle
Title
Accounting Manager
Phone
7344344130
Signed
2014-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee DeMarco
Formed
1958
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
24
Volunteers
9

Preparer

Preparer
Denise Luckenbacher
Phone
5862961155
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 1

“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.”

Form 990, Part IX, Line 11G

“Professional and Member Services: $ 417,186.”

Raw XML AppendixShowing 400 of 454 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 3,306 loans including Vehicle, Overdraft Protection, Mortgage, Home Equity, Signature, Credit Card, Indirect, Participation, Business and Recreational Vehicle loans.
IRS990/ProgSrvcAccomActy3Grp/Desc0Provide Automated Teller Machines, Debit Cards, Money Orders, Bill Payment, Travelers Checks, Financial Counseling & Education, Overdraft/Courtesy Pay and various Insurance Programs.
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt05
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0762081
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0913003
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01675084
IRS990ScheduleD/EquipmentGrp/BookValueAmt0117601
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0513773
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0631374
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05180768
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Alloya Corporate Federal Credit Union Investments
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt069004
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt069004
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/Amt049596227
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0651032
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1114548
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt25033
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt310670823
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt44363646
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt57674964
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt619500
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt7185000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt847450
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Bonds
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Co-op & SCC Network
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CU Partner Solutions, LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc3Certificates of Deposit
IRS990ScheduleD/OtherSecuritiesGrp/Desc4Mortgage Loans in Process
IRS990ScheduleD/OtherSecuritiesGrp/Desc5Federal Agencies
IRS990ScheduleD/OtherSecuritiesGrp/Desc6Xtend Common Stock
IRS990ScheduleD/OtherSecuritiesGrp/Desc7CU*Answers Investments
IRS990ScheduleD/OtherSecuritiesGrp/Desc8CU Solutions Group Investment
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0948686
IRS990ScheduleD/TotalBookValueProgramRltdAmt05180768
IRS990ScheduleD/TotalBookValueSecuritiesAmt023731996
IRS990ScheduleD/TotalLiabilityAmt049596227
IRS990/ScheduleJRequiredInd00
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 are elected by the membership at the Annual Meeting. Each Board members is elected for one to three year terms.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Credit Union decisions that are subject to membership approval are mergers, field of membership changes, by-law changes and charter changes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A review is conducted by the President/CEO prior to submission to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Compease Salary Survey, CUNA Staff and Salary Report and job performance review is completed by the Management Salary and Policy review Committee ( Members of the Board of Directors) to determine the compensation for the President/CEO. The President/CEO and the Management Salary and Policy Review Committee used Compease Salary Report, CUNA Staff and Salary Report, performance and union contract to determine wage increases for key employees. The last performance review for both the President/CEO and key employees were completed in 2013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Financial Statements are posted in the Credit Union lobby. Other documents and policies are available for review upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Professional and Member Services: $ 417,186.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IV, Line 1
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt057863188
IRS990/TotalAssetsEOYAmt058242735
IRS990/TotalAssetsGrp/BOYAmt057863188
IRS990/TotalAssetsGrp/EOYAmt058242735
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02635717
IRS990/TotalGrossUBIAmt043627
IRS990/TotalLiabilitiesBOYAmt049944302
IRS990/TotalLiabilitiesEOYAmt049995271
IRS990/TotalLiabilitiesGrp/BOYAmt049944302
IRS990/TotalLiabilitiesGrp/EOYAmt049995271
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07918886
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08247464
IRS990/TotalOtherCompensationAmt039889
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00

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
$58,242,735
Liabilities
$49,995,271
Net assets
$8,247,464
Revenue
$2,969,406
Expenses
$2,635,717
Net income
$333,689
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.40$1.65$0.26
2013Detailed filing. Detailed filing data is available for this year.$58.2$50.0$8.25$2.97$2.64$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.9$49.9$7.92$2.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.8$50.0$7.73$3.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.2$46.7$7.55$3.47