Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2016 • EIN 38-1614337

Jan 01, 2016 to Dec 31, 2016 • Filed on May 09, 2017

201 36th Street SEGrand Rapids, MI 49548-2213

(616) 241-2516

Siviq Scores

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

Liabilities / Assets

18th percentile

0.83x

Higher debt load relative to assets than 18% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

47th percentile

19.97x

Higher debt load relative to revenue than 47% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Net Margin

46th percentile

7.3%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$118,500

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Asset Growth

37th percentile

1.7%

Faster asset growth than 37% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

23rd percentile

-0.6%

Faster revenue growth than 23% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$39,088,682

Up $648,301 (+1.7%) from 2015

Net Assets

Up

$6,777,466

Up $127,259 (+1.9%) from 2015

Liabilities

Up

$32,311,216

Up $521,042 (+1.6%) from 2015

Revenue

Down

$1,618,059

Down $10,174 (-0.6%) from 2015

Expenses

Down

$1,499,328

Down $466 (-0.0%) from 2015

Net Income

Down

$118,731

Down $9,708 (-7.6%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $34,381,563Liabilities 2010: $28,599,909Net Assets 2010: $5,781,6542010Assets 2011: $36,032,772Liabilities 2011: $30,151,761Net Assets 2011: $5,881,0112011Assets 2012: $37,018,507Liabilities 2012: $30,289,352Net Assets 2012: $6,729,1552012Assets 2013: $36,250,028Liabilities 2013: $29,813,985Net Assets 2013: $6,436,0432013Assets 2014: $35,273,247Liabilities 2014: $28,223,062Net Assets 2014: $7,050,1852014Assets 2015: $38,440,381Liabilities 2015: $31,790,174Net Assets 2015: $6,650,2072015Assets 2016: $39,088,682Liabilities 2016: $32,311,216Net Assets 2016: $6,777,4662016Assets 2017: $39,522,426Liabilities 2017: $32,846,400Net Assets 2017: $6,676,0262017Assets 2018: $39,057,694Liabilities 2018: $32,572,121Net Assets 2018: $6,485,5732018Assets 2019: $39,081,227Liabilities 2019: $32,186,356Net Assets 2019: $6,894,8712019Assets 2020: $45,348,254Liabilities 2020: $38,453,259Net Assets 2020: $6,894,9952020Assets 2021: $49,763,359Liabilities 2021: $42,726,953Net Assets 2021: $7,036,4062021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2016

Assets$39,088,682
Liabilities$32,311,216
Net Assets$6,777,466

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,832,7732010Expenses 2011: $1,701,8792011Expenses 2012: $1,575,6692012Revenue 2013: $1,769,649Expenses 2013: $1,624,540Net Income 2013: $145,1092013Revenue 2014: $2,052,554Expenses 2014: $1,473,222Net Income 2014: $579,3322014Revenue 2015: $1,628,233Expenses 2015: $1,499,794Net Income 2015: $128,4392015Revenue 2016: $1,618,059Expenses 2016: $1,499,328Net Income 2016: $118,7312016Revenue 2017: $1,728,913Expenses 2017: $1,623,172Net Income 2017: $105,7412017Revenue 2018: $1,849,922Expenses 2018: $1,727,980Net Income 2018: $121,9422018Revenue 2019: $1,877,971Expenses 2019: $1,768,465Net Income 2019: $109,5062019Revenue 2020: $1,619,777Expenses 2020: $1,670,693Net Income 2020: -$50,9162020Revenue 2021: $1,504,918Expenses 2021: $2,107,827Net Income 2021: -$602,9092021Revenue 2022: $354,149Expenses 2022: $714,071Net Income 2022: -$359,9222022

Highlighted filing

2016

Revenue$1,618,059
Expenses$1,499,328
Net Income$118,731
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 9, 2017
Return Version
2016v3.0
Gross Receipts
$1,618,059
Mission and Program Overview

Mission

Organized and operated without profit for the purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,311,317$18,392,619▲ $81,302
Other Notes and Loans Receivable, Net$13,209,652$14,966,789▲ $1,757,137
Rtn Earn Endowment Incm Other Fnds$6,650,207$6,777,466▲ $127,259
Cash and Non-Interest-Bearing Accounts$5,490,183$4,227,496▼ $1,262,687
Investments Other Securities$733,288$761,564▲ $28,276
Land, Buildings, and Equipment, Net$197,595$178,662▼ $18,933
Total Assets$38,440,381$39,088,682▲ $648,301
Other Assets Total$498,346$561,552▲ $63,206
Liabilities
Other Liabilities$31,741,822$32,094,678▲ $352,856
Accounts Payable and Accrued Expenses$48,352$216,538▲ $168,186
Total Liabilities$31,790,174$32,311,216▲ $521,042
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,650,207$6,777,466▲ $127,259
Total Liabilities and Net Assets / Fund Balance$38,440,381$39,088,682▲ $648,301

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$160,532-$160,532
Equipment$18,130-$18,130
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David T KeimCEOFT$118,500$118,500
Terri NieuwkoopCOOFT$92,521$92,521

Board Members and Trustees

NameTitle
David ZawackiChairman
Steve KenyonVice Chairma
Gail AndersonDirector
Joseph CoutureDirector
Laura BrownDirector
Michael HardimanDirector
Scott CollinsDirector
TIMOTHY O'DONNELLDirector
Edward BesemerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$425,137
Investment Income
$1,192,922
Other Revenue
$0
Change in Net Assets
$118,731
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$765,487
Other Expenses$733,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$765,487
Office Expenses---$218,876
Fees for Services Other---$187,436
Occupancy---$115,890
Interest---$88,474
Other Expenses---$11,470
All Other Expenses---$4,067
Total Functional Expenses$0$0$0$1,499,328
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
Total Shares & Deposits$32,094,678
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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, Page 6, Part VI, Line 7A

Members are the owners of the credit union and they elect their board of directors in a democratic one-person-one-vote system regardless of the amount of money invested in the credit union.

Form 990, Page 6, Part VI, Line 7B

Day-to-day operations is managed by the ceo. The monitoring and oversight of the officers and approval of key policies, such as interest rates, services, etc. Are established by the board. The members vote in the board and only vote on major issues, such as changes in the charter or structure of the credit union.

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 15A

The board of directors is responsible for reviewing job performance and establishing compensation levels for the ceo.

Form 990, Page 6, Part VI, Line 15B

The board of directors with assistance from the ceo is responsible for reviewing job performance and establishing compensation levels for the other key officer(s).

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Western Districts Members
EIN
38-1614337
Phone
6162412516
Address
201 36TH STREET SE, GRAND RAPIDS, MI 49548-2213

Signing Officer

Name
David T Keim
Title
CEO
Phone
6162412516
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David T Keim
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
12

Preparer

Firm
Miles V Schmidt CPA Plc
Address
750 FRONT AVE NW SUITE 315, GRAND RAPIDS, MI 49504-4400
Preparer
Miles V Schmidt CPA
Phone
6167420400
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Please review website at www.wdmcu.org

Form 990, Part IX, Line 11G

Professional, outside service 187,436 0 0

Form 990, Part XI, Line 9

Net change in accumulated unrealized g/l 8,528

Raw XML Appendix336 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/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PLEASE REVIEW WEBSITE AT WWW.WDMCU.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE THE OWNERS OF THE CREDIT UNION AND THEY ELECT THEIR BOARD OF DIRECTORS IN A DEMOCRATIC ONE-PERSON-ONE-VOTE SYSTEM REGARDLESS OF THE AMOUNT OF MONEY INVESTED IN THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DAY-TO-DAY OPERATIONS IS MANAGED BY THE CEO. THE MONITORING AND OVERSIGHT OF THE OFFICERS AND APPROVAL OF KEY POLICIES, SUCH AS INTEREST RATES, SERVICES, ETC. ARE ESTABLISHED BY THE BOARD. THE MEMBERS VOTE IN THE BOARD AND ONLY VOTE ON MAJOR ISSUES, SUCH AS CHANGES IN THE CHARTER OR STRUCTURE OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING JOB PERFORMANCE AND ESTABLISHING COMPENSATION LEVELS FOR THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS WITH ASSISTANCE FROM THE CEO IS RESPONSIBLE FOR REVIEWING JOB PERFORMANCE AND ESTABLISHING COMPENSATION LEVELS FOR THE OTHER KEY OFFICER(S).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROFESSIONAL, OUTSIDE SERVICE 187,436 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NET CHANGE IN ACCUMULATED UNREALIZED G/L 8,528
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01499328
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031790174
IRS990/TotalLiabilitiesEOYAmt032311216
IRS990/TotalLiabilitiesGrp/BOYAmt031790174
IRS990/TotalLiabilitiesGrp/EOYAmt032311216
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06650207
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06777466
IRS990/TotalProgramServiceRevenueAmt0425137
IRS990/TotalReportableCompFromOrgAmt0211021
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01618059
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01618059
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt038440381
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039088682
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07636 APPLE HILL CT SE
IRS990/USAddress/CityNm0ADA
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd0493019323
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.WDMCU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID T KEIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06162412516
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WESTERN DISTRICTS MEMBERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0381614337
ReturnHeader/Filer/PhoneNum06162412516
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 36TH STREET SE
ReturnHeader/Filer/USAddress/CityNm0GRAND RAPIDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd0495482213
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0064597E6E2365A06FA0547C4068059A01267D943
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId084A6DA3E3CFFBDFC4FAEF4EA61613A59FEE9E64F
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383581667
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MILES V SCHMIDT CPA PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0750 FRONT AVE NW SUITE 315
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0495044400
ReturnHeader/PreparerPersonGrp/PhoneNum06167420400
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MILES V SCHMIDT CPA
ReturnHeader/ReturnTs02017-05-15T14:47:29-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.35$0.71$0.36
2021Detailed filing. Detailed filing data is available for this year.$49.8$42.7$7.04$1.50$2.11$0.60
2020Detailed filing. Detailed filing data is available for this year.$45.3$38.5$6.89$1.62$1.67$0.05
2019Detailed filing. Detailed filing data is available for this year.$39.1$32.2$6.89$1.88$1.77$0.11
2018Detailed filing. Detailed filing data is available for this year.$39.1$32.6$6.49$1.85$1.73$0.12
2017Detailed filing. Detailed filing data is available for this year.$39.5$32.8$6.68$1.73$1.62$0.11
2016Detailed filing. Detailed filing data is available for this year.$39.1$32.3$6.78$1.62$1.50$0.12
2015Detailed filing. Detailed filing data is available for this year.$38.4$31.8$6.65$1.63$1.50$0.13
2014Detailed filing. Detailed filing data is available for this year.$35.3$28.2$7.05$2.05$1.47$0.58
2013Detailed filing. Detailed filing data is available for this year.$36.3$29.8$6.44$1.77$1.62$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.0$30.3$6.73$1.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.0$30.2$5.88$1.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.4$28.6$5.78$1.83