Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2010 • EIN 38-1686050

Jan 01, 2010 to Dec 31, 2010 • Filed on Nov 10, 2011

Organization ProfileWWW.EACU.ORG

View Organization Page

P O Box 61090848061-0908
Siviq Scores

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

Liabilities / Assets

75th percentile

0.91x

Higher debt load relative to assets than 75% of similar nonprofits.

2010 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

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

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets75th percentile

Assets

$221,263,524

No earlier filing loaded for comparison.

Net Assets

$18,944,422

No earlier filing loaded for comparison.

Liabilities

$202,319,102

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$18,867,443

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0B$3.0B$2.0B$1.0B$0Assets 2010: $221,263,524Liabilities 2010: $202,319,102Net Assets 2010: $18,944,4222010Assets 2011: $244,582,475Liabilities 2011: $222,793,566Net Assets 2011: $21,788,9092011Assets 2012: $264,059,441Liabilities 2012: $236,618,164Net Assets 2012: $27,441,2772012Assets 2013: $275,995,408Liabilities 2013: $248,749,321Net Assets 2013: $27,246,0872013Assets 2014: $1,086,987,705Liabilities 2014: $957,257,844Net Assets 2014: $129,729,8612014Assets 2015: $1,184,075,054Liabilities 2015: $1,044,831,277Net Assets 2015: $139,243,7772015Assets 2016: $1,347,691,760Liabilities 2016: $1,197,264,593Net Assets 2016: $150,427,1672016Assets 2017: $1,683,958,871Liabilities 2017: $1,515,981,099Net Assets 2017: $167,977,7722017Assets 2018: $1,749,022,744Liabilities 2018: $1,572,754,678Net Assets 2018: $176,268,0662018Assets 2019: $2,084,525,233Liabilities 2019: $1,891,291,454Net Assets 2019: $193,233,7792019Assets 2020: $2,425,158,521Liabilities 2020: $2,206,779,831Net Assets 2020: $218,378,6902020Assets 2021: $2,694,606,066Liabilities 2021: $2,452,064,821Net Assets 2021: $242,541,2452021Assets 2022: $2,892,338,087Liabilities 2022: $2,650,318,240Net Assets 2022: $242,019,8472022Assets 2023: $2,987,053,945Liabilities 2023: $2,713,958,533Net Assets 2023: $273,095,4122023Assets 2024: $3,443,898,869Liabilities 2024: $3,146,646,222Net Assets 2024: $297,252,6472024

Highlighted filing

2010

Assets$221,263,524
Liabilities$202,319,102
Net Assets$18,944,422
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300M$200M$100M$0Expenses 2010: $18,867,4432010Expenses 2011: $13,742,8562011Expenses 2012: $12,366,2322012Revenue 2013: $16,624,567Expenses 2013: $15,113,719Net Income 2013: $1,510,8482013Revenue 2014: $56,812,837Expenses 2014: $52,779,984Net Income 2014: $4,032,8532014Revenue 2015: $65,178,226Expenses 2015: $54,195,375Net Income 2015: $10,982,8512015Revenue 2016: $73,790,081Expenses 2016: $62,247,562Net Income 2016: $11,542,5192016Revenue 2017: $93,303,094Expenses 2017: $80,594,038Net Income 2017: $12,709,0562017Revenue 2018: $103,296,533Expenses 2018: $94,062,565Net Income 2018: $9,233,9682018Revenue 2019: $113,766,194Expenses 2019: $99,620,913Net Income 2019: $14,145,2812019Revenue 2020: $119,439,670Expenses 2020: $101,627,456Net Income 2020: $17,812,2142020Revenue 2021: $117,215,527Expenses 2021: $85,384,828Net Income 2021: $31,830,6992021Revenue 2022: $137,191,450Expenses 2022: $105,425,178Net Income 2022: $31,766,2722022Revenue 2023: $183,144,775Expenses 2023: $148,159,132Net Income 2023: $34,985,6432023Revenue 2024: $216,111,117Expenses 2024: $194,591,712Net Income 2024: $21,519,4052024

Highlighted filing

2010

Revenue-
Expenses$18,867,443
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Nov 10, 2011
Return Version
2010v3.4
Gross Receipts
$24,532,742
Mission and Program Overview

Mission

To provide competitive deposit and loan products to the membership base according to the michigan credit union act.

Filing and Contact Details

Filer

EIN
38-1686050
Raw XML AppendixShowing 400 of 467 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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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE CREDIT UNION ANALYZES ITS FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AS WELL AS ALL OPEN TAX YEARS IN THESE JURISDICTIONS. THE CREDIT UNION ALSO TREATS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND REFLECTS ANY CHARGES FOR SUCH, TO THE EXTENT THEY ARISE, AS A COMPONENT OF NONINTEREST EXPENSES. THE CREDIT UNION HAS EVALUATED THE PROVISIONS OF ASC TOPIC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE EVALUATION WAS PERFORMED FOR THE YEARS 2007 THROUGH 2010, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISICTION AS OF DECEMBER 31, 2010. THE CREDIT UNION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE CREDIT UNION'S FINANCIAL STATEMENTS. THE CREDIT UNION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE CREDIT UNION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2010 AND 2009, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1PART XII & XIII, LINE 4B: LOSS ON SALE OF ASSETS IN THE AMOUNT OF $-82,788 AND PROCEEDS AND PAYOUT OF LIFE INSURANCE POLICY IN THE AMOUNT OF $2,081,195.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
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IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0E&A CREDIT UNION HAS ENTERED INTO SUPPLEMENT EXECUTIVE RETIREMENT CONTRACTS WITH JANICE ROSE, CEO, AND MICHELE MYRECK, EXECUTIVE VICE-PRESIDENT, WHICH PROVIDE FOR ADDITIONAL RETIREMENT BENEFITS. THE AGREEMENT WITH JANICE ROSE PROVIDES FOR ONE PAYMENT OF $1,392,000 DUE TO HER ON JANUARY 1, 2014, PROVIDED SHE REMAINS THE PRESIDENT AND CEO OF THE CREDIT UNION UNTIL THIS DATE. ADDITIONALLY, DURING THE 2010 FISCAL YEAR, MICHELLE MYRICK, EXECUTIVE VICE-PRESIDENT PASSED AWAY UNEXPECTEDLY. THE BOARD OF DIRECTORS APPROVED A SERP PAYMENT TO MYRICK'S DESIGNATED BENEFICIARIES ON MARCH 25, 2010 AND THIS PAYMENT WAS MADE IN JULY 2010.
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0PART I, LINE 4B
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0MICHELE MYRICK
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1JANICE ROSE
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg01694
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg119037
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg02083689
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg1234365
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs10
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SubstantiationRequired01
IRS990ScheduleJ/SupplementalNonqualRetirePlan01
IRS990ScheduleO/GeneralExplanation/Explanation0SINCE IT IS A CHARTERED CREDIT UNION, MEMBERS OWN THE ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation1THE MEMBERS ARE ALLOWED TO ELECT DIRECTORS OF THE GOVERNING BODY.
IRS990ScheduleO/GeneralExplanation/Explanation2PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation3DIRECTORS OBSTAIN FROM ANY VOTES WHERE A CONFLICT EXISTS.
IRS990ScheduleO/GeneralExplanation/Explanation4A COMMITTEE OF THE BOARD PREPARES A WRITTEN EVALUATION OF THE CEO AND OBTAINS COMPARABLE SURVEYS.
IRS990ScheduleO/GeneralExplanation/Explanation5RECORDS ARE MADE AVAILABLE IN ACCORDANCE WITH THE MICHIGAN CREDIT UNION ACT AND NCUA RULES AND REGULATIONS.
IRS990ScheduleO/GeneralExplanation/Explanation6NET UNREALIZED GAINS ON INVESTMENTS: 126,777.
IRS990ScheduleO/GeneralExplanation/Explanation7THE PROCESS IS CONSISTENT WITH THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/Identifier2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/Identifier3CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART X1, LINE 2C:
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MI
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10PO BOX 610908
IRS990/TheBooksAreInCareOf/AddressUS/City0PORT HURON
IRS990/TheBooksAreInCareOf/AddressUS/State0MI
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode048091
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10DAVID BRANDT
IRS990/TheBooksAreInCareOf/TelephoneNumber08109894122

Document Assets

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Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$221,263,524
Liabilities
$202,319,102
Net assets
$18,944,422
Revenue
-
Expenses
$18,867,443
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,444$3,147$297$216$195$21.5
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,987$2,714$273$183$148$35.0
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,892$2,650$242$137$105$31.8
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,695$2,452$243$117$85.4$31.8
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,425$2,207$218$119$102$17.8
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,085$1,891$193$114$99.6$14.1
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,749$1,573$176$103$94.1$9.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,684$1,516$168$93.3$80.6$12.7
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,348$1,197$150$73.8$62.2$11.5
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,184$1,045$139$65.2$54.2$11.0
2014Summary only. Only limited summary data is available for this year.$1,087$957$130$56.8$52.8$4.03
2013Detailed filing. Detailed filing data is available for this year.$276$249$27.2$16.6$15.1$1.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$264$237$27.4$12.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$245$223$21.8$13.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$221$202$18.9$18.9
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