Civic Intelligence

Bissell Employees Credit Union

990 • Fiscal year 2013 • EIN 38-1653492

Jan 01, 2013 to Dec 31, 2013 • Filed on Mar 01, 2014

Organization Profilewww.bissellcu.com
2345 Walker Avenue NW49544

(616) 791-0631

Siviq Scores

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

Liabilities / Assets

24th percentile

0.80x

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

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

19th percentile

12.88x

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

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Net Margin

54th percentile

4.2%

Higher net margin than 54% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

1st percentile

-13%

Faster asset growth than 1% of similar nonprofits.

2013 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$8,218,674

Down $1,273,068 (-13%) from 2012

Net Assets

Up

$1,645,231

Up $21,292 (+1.3%) from 2012

Liabilities

Down

$6,573,443

Down $1,294,360 (-16%) from 2012

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin54th percentile

Revenue

$510,371

No earlier filing loaded for comparison.

Expenses

Down

$489,079

Down $7,818 (-1.6%) from 2012

Net Income

$21,292

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$15M$10M$5.0M$0Assets 2011: $10,770,928Liabilities 2011: $9,182,230Net Assets 2011: $1,588,6982011Assets 2012: $9,491,742Liabilities 2012: $7,867,803Net Assets 2012: $1,623,9392012Assets 2013: $8,218,674Liabilities 2013: $6,573,443Net Assets 2013: $1,645,2312013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2013

Assets$8,218,674
Liabilities$6,573,443
Net Assets$1,645,231
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2011: $518,1762011Expenses 2012: $496,8972012Revenue 2013: $510,371Expenses 2013: $489,079Net Income 2013: $21,2922013Revenue 2014: $489,625Expenses 2014: $1,643,875Net Income 2014: -$1,154,2502014

Highlighted filing

2013

Revenue$510,371
Expenses$489,079
Net Income$21,292
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Mar 1, 2014
Return Version
2013v3.1
Gross Receipts
$510,371
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,292,970$4,962,478▲ $669,508
Rtn Earn Endowment Incm Other Fnds$1,623,939$1,645,231▲ $21,292
Investments Other Securities$1,415,200$1,551,200▲ $136,000
Savings and Temporary Cash Investments$3,464,237$1,361,231▼ $2,103,006
Cash and Non-Interest-Bearing Accounts$88,405$129,118▲ $40,713
Prepaid Expenses and Deferred Charges$18,589$12,437▼ $6,152
Land, Buildings, and Equipment, Net$4,669$6,375▲ $1,706
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$9,491,742$8,218,674▼ $1,273,068
Other Assets Total$207,672$195,835▼ $11,837
Liabilities
Other Liabilities$7,821,824$6,618,615▼ $1,203,209
Accounts Payable and Accrued Expenses$45,979$-45,172▼ $91,151
Total Liabilities$7,867,803$6,573,443▼ $1,294,360
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,623,939$1,645,231▲ $21,292
Total Liabilities and Net Assets / Fund Balance$9,491,742$8,218,674▼ $1,273,068

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,375-$6,375
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Evelyn CavnerManagerFT$66,007$66,007
Lori DiepstraTreasurerPT$4,750$4,750

Board Members and Trustees

NameTitle
Eric HansenChairperson
Patrick LaurieV. Chairperson
Gabrielle VeenstraDirector
Margo TaylorDirector
Mark DeHaanDirector
Renee GriffenDirector
Robyn KrupiczewiczDirector
Scott BolesDirector
Anita HigbeeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$443,300
Investment Income
$62,717
Other Revenue
$4,354
Change in Net Assets
$21,292
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,894
Salaries, Compensation, and Employee Benefits$212,185
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$109,727
Current Officers, Directors, Trustees, and Key Employees---$70,757
All Other Expenses---$34,010
Information Technology---$21,220
Other Employee Benefits---$17,818
Other Expenses---$15,819
Interest---$14,554
Fees for Services Accounting---$14,475
Payroll Taxes---$13,883
Insurance---$11,767
Office Expenses---$7,002
Advertising---$3,561
Depreciation Depletion---$2,308
Travel---$130
Total Functional Expenses$0$0$0$489,079
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$3,433,665
Member Deposits$3,184,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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, Line 6: Explanation of Classes of Members or Shareholder

“Section 501(c)14 Credit Union is composed of members.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Mergers are voted on by entire membership.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.”

Filing and Contact Details

Filer

EIN
38-1653492
Phone
6167910631

Signing Officer

Name
Evelyn Cavner
Title
Manager
Signed
2014-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Evelyn Cavner
Formed
1960
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
16

Preparer

Preparer
Robin Rivers
Phone
8005225820
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt191420
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2258272
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt093608
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt191420
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2258272
IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2013 was 902.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt077615
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0284713
IRS990/PYOtherRevenueAmt04741
IRS990/PYProgramServiceRevenueAmt0449782
IRS990/PYRevenuesLessExpensesAmt035241
IRS990/PYSalariesCompEmpBnftPaidAmt0212184
IRS990/PYTotalExpensesAmt0496897
IRS990/PYTotalRevenueAmt0532138
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt021292
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01623939
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01645231
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03464237
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01361231
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06375
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06375
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03184950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13433665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06375
IRS990ScheduleD/TotalBookValueSecuritiesAmt01551200
IRS990ScheduleD/TotalLiabilityAmt06618615
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Section 501(c)14 Credit Union is composed of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mergers are voted on by entire membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09491742
IRS990/TotalAssetsEOYAmt08218674
IRS990/TotalAssetsGrp/BOYAmt09491742
IRS990/TotalAssetsGrp/EOYAmt08218674
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0489079
IRS990/TotalGrossUBIAmt04354
IRS990/TotalLiabilitiesBOYAmt07867803
IRS990/TotalLiabilitiesEOYAmt06573443
IRS990/TotalLiabilitiesGrp/BOYAmt07867803
IRS990/TotalLiabilitiesGrp/EOYAmt06573443
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01623939
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01645231
IRS990/TotalProgramServiceRevenueAmt0443300
IRS990/TotalReportableCompFromOrgAmt070757
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0506017
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0510371
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt04354
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09491742
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08218674
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0130
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102345 Walker Ave NW
IRS990/USAddress/City0Grand Rapids
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode049544
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.bissellcu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Evelyn Cavner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-03-01
ReturnHeader/Filer/BusinessName/BusinessNameLine10Bissell Employees Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0BISS
ReturnHeader/Filer/EIN0381653492
ReturnHeader/Filer/PhoneNum06167910631
ReturnHeader/Filer/USAddress/AddressLine102345 Walker Avenue NW
ReturnHeader/Filer/USAddress/City0Grand Rapids

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,218,674
Liabilities
$6,573,443
Net assets
$1,645,231
Revenue
$510,371
Expenses
$489,079
Net income
$21,292
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.49$1.64$1.15
2013Detailed filing. Detailed filing data is available for this year.$8.22$6.57$1.65$0.51$0.49$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.49$7.87$1.62$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$9.18$1.59$0.52
Peer Organizations

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