Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2017 • EIN 38-1614337

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 12, 2018

Organization ProfileWWW.WDMCU.ORG

View Organization Page

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

19th percentile

0.83x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

44th percentile

19.00x

Higher debt load relative to revenue than 44% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Net Margin

37th percentile

6.1%

Higher net margin than 37% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$129,080

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Asset Growth

40th percentile

1.1%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

6.9%

Faster revenue growth than 59% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$39,522,426

Up $433,744 (+1.1%) from 2016

Net Assets

Down

$6,676,026

Down $101,440 (-1.5%) from 2016

Liabilities

Up

$32,846,400

Up $535,184 (+1.7%) from 2016

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin37th percentile

Revenue

Up

$1,728,913

Up $110,854 (+6.9%) from 2016

Expenses

Up

$1,623,172

Up $123,844 (+8.3%) from 2016

Net Income

Down

$105,741

Down $12,990 (-11%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

2017

Assets$39,522,426
Liabilities$32,846,400
Net Assets$6,676,026
Open 2017 Filing

Operations Trend

Revenue Growth59th percentile

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

2017

Revenue$1,728,913
Expenses$1,623,172
Net Income$105,741
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 12, 2018
Return Version
2017v2.3
Gross Receipts
$1,728,913
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$18,392,619$18,377,974▼ $14,645
Other Notes and Loans Receivable, Net$14,966,789$16,690,916▲ $1,724,127
Rtn Earn Endowment Incm Other Fnds$6,777,466$6,676,026▼ $101,440
Cash and Non-Interest-Bearing Accounts$4,227,496$3,392,140▼ $835,356
Investments Other Securities$761,564$765,642▲ $4,078
Land, Buildings, and Equipment, Net$178,662$209,969▲ $31,307
Total Assets$39,088,682$39,522,426▲ $433,744
Other Assets Total$561,552$85,785▼ $475,767
Liabilities
Other Liabilities$32,094,678$32,594,824▲ $500,146
Accounts Payable and Accrued Expenses$216,538$251,576▲ $35,038
Total Liabilities$32,311,216$32,846,400▲ $535,184
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,777,466$6,676,026▼ $101,440
Total Liabilities and Net Assets / Fund Balance$39,088,682$39,522,426▲ $433,744

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$148,182-$148,182
Equipment$61,787-$61,787
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
David T KeimCEOFT$129,080$129,080
Terri NieuwkoopCOO-$90,975$90,975

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$449,073
Investment Income
$1,279,840
Other Revenue
$0
Change in Net Assets
$105,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$823,874
Other Expenses$799,298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$823,874
Office Expenses---$250,670
Fees for Services Other---$194,088
Occupancy---$120,395
Interest---$87,479
Other Expenses---$25,762
All Other Expenses---$15,000
Total Functional Expenses$0$0$0$1,623,172
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$32,594,824
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
2018-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David T Keim
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
12

Preparer

Firm
Schmidt Koning Villarreal & Assoc LLC
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 194,088 0 0”

Form 990, Part XI, Line 9

“Net change in accumulated unrealized g/l -207,181”

Raw XML Appendix333 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/ActivityOrMissionDesc0ORGANIZED AND OPERATED WITHOUT PROFIT FOR THE PURPOSE OF PROMOTING THRIFT, PROVIDING CREDIT AT REASONABLE RATES, AND PROVIDING OTHER FINANCIAL SERVICES TO ITS MEMBERS.
IRS990/AllOtherExpensesGrp/TotalAmt015000
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IRS990/BooksInCareOfDetail/PersonNm0DAVID T KEIM
IRS990/BooksInCareOfDetail/PhoneNum06162412516
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0201 36TH ST SE
IRS990/BooksInCareOfDetail/USAddress/CityNm0GRAND RAPIDS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0495466450
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID ZAWACKI
IRS990/Form990PartVIISectionAGrp/PersonNm1JOSEPH COUTURE
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL HARDIMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3STEVE KENYON
IRS990/Form990PartVIISectionAGrp/PersonNm4LAURA BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm5SCOTT COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm6EDWARD BESEMER
IRS990/Form990PartVIISectionAGrp/PersonNm7GAIL ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID T KEIM
IRS990/Form990PartVIISectionAGrp/PersonNm9TERRI NIEUWKOOP
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9COO
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt018392619
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TOTAL SHARES & DEPOSITS
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IRS990ScheduleD/TotalLiabilityAmt032594824
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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 194,088 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NET CHANGE IN ACCUMULATED UNREALIZED G/L -207,181
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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06777466
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06676026
IRS990/TotalProgramServiceRevenueAmt0449073
IRS990/TotalReportableCompFromOrgAmt0220055
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01728913
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IRS990/VotingMembersIndependentCnt08
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06162412516
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WESTERN DISTRICTS MEMBERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CREDIT UNION
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ReturnHeader/Filer/PhoneNum06162412516
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 36TH STREET SE
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ReturnHeader/FilingSecurityInformation/IPDt02018-06-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:08:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383581667
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHMIDT KONING VILLARREAL & ASSOC LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0750 FRONT AVE NW SUITE 315
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND RAPIDS
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ReturnHeader/PreparerPersonGrp/PhoneNum06167420400
ReturnHeader/PreparerPersonGrp/PreparationDt02018-06-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MILES V SCHMIDT CPA
ReturnHeader/ReturnTs02018-06-13T10:08:48-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,522,426
Liabilities
$32,846,400
Net assets
$6,676,026
Revenue
$1,728,913
Expenses
$1,623,172
Net income
$105,741
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