Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2018 • EIN 38-1614337

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 23, 2019

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

24th percentile

0.83x

Higher debt load relative to assets than 24% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

45th percentile

17.61x

Higher debt load relative to revenue than 45% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Net Margin

28th percentile

6.6%

Higher net margin than 28% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

76th percentile

$127,068

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Asset Growth

32nd percentile

-1.2%

Faster asset growth than 32% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

33rd percentile

7.0%

Faster revenue growth than 33% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$39,057,694

Down $464,732 (-1.2%) from 2017

Net Assets

Down

$6,485,573

Down $190,453 (-2.9%) from 2017

Liabilities

Down

$32,572,121

Down $274,279 (-0.8%) from 2017

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin28th percentile

Revenue

Up

$1,849,922

Up $121,009 (+7.0%) from 2017

Expenses

Up

$1,727,980

Up $104,808 (+6.5%) from 2017

Net Income

Up

$121,942

Up $16,201 (+15%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2018

Assets$39,057,694
Liabilities$32,572,121
Net Assets$6,485,573
Open 2018 Filing

Operations Trend

Revenue Growth33rd 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

2018

Revenue$1,849,922
Expenses$1,727,980
Net Income$121,942
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 23, 2019
Return Version
2018v3.1
Gross Receipts
$1,849,922
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$18,377,974$18,987,403▲ $609,429
Other Notes and Loans Receivable, Net$16,690,916$18,016,292▲ $1,325,376
Rtn Earn Endowment Incm Other Fnds$6,676,026$6,485,573▼ $190,453
Cash and Non-Interest-Bearing Accounts$3,392,140$869,742▼ $2,522,398
Investments Other Securities$765,642$770,217▲ $4,575
Land, Buildings, and Equipment, Net$209,969$245,930▲ $35,961
Total Assets$39,522,426$39,057,694▼ $464,732
Other Assets Total$85,785$168,110▲ $82,325
Liabilities
Other Liabilities$32,594,824$32,331,760▼ $263,064
Accounts Payable and Accrued Expenses$251,576$240,361▼ $11,215
Total Liabilities$32,846,400$32,572,121▼ $274,279
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,676,026$6,485,573▼ $190,453
Total Liabilities and Net Assets / Fund Balance$39,522,426$39,057,694▼ $464,732

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$139,486-$139,486
Equipment$106,444-$106,444
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
David T KeimCEOFT$127,068$127,068
Terri NieuwkoopCOOFT$91,420$91,420

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
$455,376
Investment Income
$1,394,546
Other Revenue
$0
Change in Net Assets
$121,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$867,838
Other Expenses$860,142
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$867,838
Office Expenses---$205,638
Fees for Services Other---$202,046
Occupancy---$128,711
Interest---$85,695
Other Expenses---$42,351
All Other Expenses---$19,096
Total Functional Expenses$0$0$0$1,727,980
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$32,331,760
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
2019-07-23
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 202,046 0 0”

Form 990, Part XI, Line 9

“Net change in accumulated unrealized g/l -312,395”

Raw XML Appendix337 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/BooksInCareOfDetail/USAddress/CityNm0GRAND RAPIDS
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/PersonNm4LAURA BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm5SCOTT COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm6EDWARD BESEMER
IRS990/Form990PartVIISectionAGrp/PersonNm7GAIL ANDERSON
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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TOTAL SHARES & DEPOSITS
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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 202,046 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NET CHANGE IN ACCUMULATED UNREALIZED G/L -312,395
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/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt039057694
IRS990/TotalAssetsGrp/BOYAmt039522426
IRS990/TotalAssetsGrp/EOYAmt039057694
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01727980
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032846400
IRS990/TotalLiabilitiesEOYAmt032572121
IRS990/TotalLiabilitiesGrp/BOYAmt032846400
IRS990/TotalLiabilitiesGrp/EOYAmt032572121
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06676026
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06485573
IRS990/TotalProgramServiceRevenueAmt0455376
IRS990/TotalReportableCompFromOrgAmt0218488
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01849922
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01849922
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt039522426
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039057694
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07636 APPLE HILL CT SE
IRS990/USAddress/CityNm0ADA
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd0493019323
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.WDMCU.ORG
IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID T KEIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06162412516
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-23
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05BD383BED8EBBD2DF598A26489846C9D3E7432F8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId084A6DA3E3CFFBDFC4FAEF4EA61613A59FEE9E64F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.145.1.26
ReturnHeader/FilingSecurityInformation/IPDt02019-07-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:23:00
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
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0495044400
ReturnHeader/PreparerPersonGrp/PhoneNum06167420400
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MILES V SCHMIDT CPA
ReturnHeader/ReturnTs02019-07-24T14:23:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,057,694
Liabilities
$32,572,121
Net assets
$6,485,573
Revenue
$1,849,922
Expenses
$1,727,980
Net income
$121,942
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