Civic Intelligence

Lansing Postal Community Credit Union

EIN 38-1677402 • 501(c)14 • Lansing, MI

Profile

Provide co-op financial products and services to members.

PO Box 22098Lansing, MI 48909

www.lpcumi.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

95th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • <$500k nonprofits • Source year 2018

Net Margin

33rd percentile

-203%

Higher net margin than 33% of similar nonprofits.

501(c)14 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

95th percentile

-100%

Faster asset growth than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

23rd percentile

-76%

Faster revenue growth than 23% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$0

Down $21,520,768 (-100%) from 2017

Liabilities

Down

$0

Down $19,150,405 (-100%) from 2017

Net Assets

Down

$0

Down $2,370,363 (-100%) from 2017

Revenue

Down

$233,523

Down $746,986 (-76%) from 2017

Expenses

Down

$706,624

Down $259,108 (-27%) from 2017

Net Income

Down

-$473,101

Down $487,878 (-3302%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $20,857,650Liabilities 2010: $18,678,259Net Assets 2010: $2,179,3912010Assets 2011: $21,197,928Liabilities 2011: $19,095,130Net Assets 2011: $2,102,7982011Assets 2012: $21,945,484Liabilities 2012: $19,806,966Net Assets 2012: $2,138,5182012Assets 2013: $21,477,850Liabilities 2013: $19,245,321Net Assets 2013: $2,232,5292013Assets 2014: $22,083,047Liabilities 2014: $19,811,225Net Assets 2014: $2,271,8222014Assets 2015: $22,624,215Liabilities 2015: $20,273,530Net Assets 2015: $2,350,6852015Assets 2016: $21,954,748Liabilities 2016: $19,617,617Net Assets 2016: $2,337,1312016Assets 2017: $21,520,768Liabilities 2017: $19,150,405Net Assets 2017: $2,370,3632017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,093,4882010Revenue 2011: $1,062,660Expenses 2011: $1,059,724Net Income 2011: $2,9362011Expenses 2012: $1,049,2592012Revenue 2013: $1,092,163Expenses 2013: $1,045,137Net Income 2013: $47,0262013Revenue 2014: $1,061,151Expenses 2014: $990,973Net Income 2014: $70,1782014Revenue 2015: $1,027,794Expenses 2015: $973,910Net Income 2015: $53,8842015Revenue 2016: $1,008,572Expenses 2016: $975,086Net Income 2016: $33,4862016Revenue 2017: $980,509Expenses 2017: $965,732Net Income 2017: $14,7772017Revenue 2018: $233,523Expenses 2018: $706,624Net Income 2018: -$473,1012018

Highlighted filing

2018

Revenue$233,523
Expenses$706,624
Net Income-$473,101

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
May 7, 2019
Return Version
2018v3.1
Gross Receipts
$233,523
Mission and Program Overview

Mission

Provide co-op financial products and services to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$10,127,997$0▼ $10,127,997
Savings and Temporary Cash Investments$5,593,828$0▼ $5,593,828
Investments Other Securities$5,282,348$0▼ $5,282,348
Rtn Earn Endowment Incm Other Fnds$2,370,363--
Land, Buildings, and Equipment, Net$177,990$0▼ $177,990
Cash and Non-Interest-Bearing Accounts$81,975$0▼ $81,975
Prepaid Expenses and Deferred Charges$24,306$0▼ $24,306
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$21,520,768$0▼ $21,520,768
Other Assets Total$232,324$0▼ $232,324
Liabilities
Other Liabilities$18,990,702--
Accounts Payable and Accrued Expenses$159,703--
Total Liabilities$19,150,405$0▼ $19,150,405
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,370,363$0▼ $2,370,363
Total Liabilities and Net Assets / Fund Balance$21,520,768$0▼ $21,520,768
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason SmithCEOFT$38,400$1,110$39,510

Board Members and Trustees

NameTitle
Robert ZimmermanChairman
Philip WieferichVice Chairman
Sabrina ToddDirector
Harveline AkleySecretary
Raymond SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$192,240
Investment Income
$39,486
Other Revenue
$1,797
Change in Net Assets
$-473,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$481,903
Other Expenses$224,721
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions---$374,598
Information Technology---$91,660
Other Salaries and Wages---$42,954
Current Officers, Directors, Trustees, and Key Employees---$39,510
Occupancy---$22,660
Other Employee Benefits---$18,588
Office Expenses---$14,156
Interest---$14,016
Insurance---$12,343
All Other Expenses---$6,876
Payroll Taxes---$6,253
Depreciation Depletion---$4,620
Other Expenses---$4,279
Fees for Services Legal---$3,831
Travel---$2,400
Advertising---$1,045
Fees for Services Accounting---$-3,405
Total Functional Expenses$0$0$0$706,624
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Raymond Smith Board Treasurer and retired CEO is the father of Jason Smith the current CEO.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Section 501c(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, by-law changes, charter changes and membership changes are voted upon by the 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 governed by NCUA guidelines. Board members do not vote on related issue.

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

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

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

Documents are posted in lobby for public inspection. Copies are furnished upon request.

Filing and Contact Details

Filer

Filer Name
Lansing Postal Community Credit Union
EIN
38-1677402
Phone
5173370401
Address
PO Box 22098, Lansing, MI 48909

Signing Officer

Name
Jason Smith
Title
CEO
Signed
2019-05-07
Discuss with paid preparer
Yes

Organization Details

Formed
1928
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
7
Volunteers
6

Preparer

Firm
Financial Standards Group Inc
Address
6447 W HIGHWAY 146, CRESTWOOD, KY 40014
Preparer
Robert Draeger
Phone
8005225820
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Other Comprehensive Income = -$0

Other Changes In Net Assets Or Fund Balances - Other Decreases

Transfer of equity to LAFCU = -$1897262

Raw XML Appendix396 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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IRS990ScheduleN/EmployeeOfSuccessorInd0true
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0All Credit Union assets
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02018-04-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0380893210
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt021981684
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0Corporation
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Independant eval
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0106 N Marketplace Blvd
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Lansing
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd048917
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Jason Smith, CEO of Lansing Postal Community Credit Union, became an employee of the merged entity. No additional benefits were received.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I & 2, Line 2e - Name and Explanation for Involvement in Successor
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Raymond Smith Board Treasurer and retired CEO is the father of Jason Smith the current CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Section 501c(14) Credit Union is composed of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Mergers, by-law changes, charter changes and membership changes are voted upon by the entire membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Employee loans are Management approved. Management loans are Board approved. Loans to Board members are governed by NCUA guidelines. Board members do not vote on related issue.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Executive and employee salaries are Board approved. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Documents are posted in lobby for public inspection. Copies are furnished upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other Comprehensive Income = -$0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Transfer of equity to LAFCU = -$1897262
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt021520768
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt021520768
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0706624
IRS990/TotalGrossUBIAmt01797
IRS990/TotalLiabilitiesBOYAmt019150405
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt019150405
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02370363
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt01110
IRS990/TotalProgramServiceRevenueAmt0192240
IRS990/TotalReportableCompFromOrgAmt038400
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0231726
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0233523
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01797
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021520768
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TravelGrp/TotalAmt02400
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 22098
IRS990/USAddress/CityNm0Lansing
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd0489092098
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.lpcumi.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jason Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lansing Postal Community Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0LANS
ReturnHeader/Filer/EIN0381677402
ReturnHeader/Filer/PhoneNum05173370401
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 22098
ReturnHeader/Filer/USAddress/CityNm0Lansing
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048909
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650152722
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06447 W HIGHWAY 146
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CRESTWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040014
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert Draeger
ReturnHeader/ReturnTs02019-05-07T09:29:00-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-03-31
ReturnHeader/TaxYr02018

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