Civic Intelligence

Ukrainian Future Credit Union

990 • Fiscal year 2016 • EIN 38-1686292

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization Profilewww.ukrfutcu.org

View Organization Page

26495 Ryan RoadWarren, MI 48091

(586) 757-1980

Siviq Scores

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

Liabilities / Assets

38th percentile

0.88x

Higher debt load relative to assets than 38% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

33.74x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

93rd percentile

24%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

51st percentile

$135,388

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

38th percentile

2.7%

Faster asset growth than 38% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-6.5%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$86,174,786

Up $2,292,845 (+2.7%) from 2015

Net Assets

Up

$10,417,260

Up $512,250 (+5.2%) from 2015

Liabilities

Up

$75,757,526

Up $1,780,595 (+2.4%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin93rd percentile

Revenue

Down

$2,245,445

Down $157,310 (-6.5%) from 2015

Expenses

Down

$1,705,294

Down $195,948 (-10%) from 2015

Net Income

Up

$540,151

Up $38,638 (+7.7%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$100M$50M$0Assets 2010: $81,882,435Liabilities 2010: $74,791,099Net Assets 2010: $7,091,3362010Assets 2011: $83,237,154Liabilities 2011: $75,871,901Net Assets 2011: $7,365,2532011Assets 2012: $82,720,875Liabilities 2012: $74,853,956Net Assets 2012: $7,866,9192012Assets 2013: $82,584,727Liabilities 2013: $73,987,025Net Assets 2013: $8,597,7022013Assets 2014: $82,792,471Liabilities 2014: $73,367,680Net Assets 2014: $9,424,7912014Assets 2015: $83,881,941Liabilities 2015: $73,976,931Net Assets 2015: $9,905,0102015Assets 2016: $86,174,786Liabilities 2016: $75,757,526Net Assets 2016: $10,417,2602016Assets 2017: $84,639,351Liabilities 2017: $73,658,795Net Assets 2017: $10,980,5562017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2016

Assets$86,174,786
Liabilities$75,757,526
Net Assets$10,417,260
Open 2016 Filing

Operations Trend

Revenue Growth5th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,401,7672010Expenses 2011: $3,115,4222011Expenses 2012: $2,261,6932012Revenue 2013: $2,784,678Expenses 2013: $2,073,822Net Income 2013: $710,8562013Revenue 2014: $2,626,028Expenses 2014: $1,809,992Net Income 2014: $816,0362014Revenue 2015: $2,402,755Expenses 2015: $1,901,242Net Income 2015: $501,5132015Revenue 2016: $2,245,445Expenses 2016: $1,705,294Net Income 2016: $540,1512016Revenue 2017: $2,277,958Expenses 2017: $1,640,972Net Income 2017: $636,9862017Revenue 2018: $1,383,094Expenses 2018: $1,939,873Net Income 2018: -$556,7792018

Highlighted filing

2016

Revenue$2,245,445
Expenses$1,705,294
Net Income$540,151
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$2,510,423
Mission and Program Overview

Mission

To serve the financial needs of our American Ukrainian Members in the expressed motto, "Not for Profit, Not for Charity, but for Service."

To provide financial services to members with a common bond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$49,349,277$55,834,065▲ $6,484,788
Other Notes and Loans Receivable, Net$28,509,167$26,396,839▼ $2,112,328
Rtn Earn Endowment Incm Other Fnds$9,905,010$10,417,260▲ $512,250
Investments Program Related$2,396,984$951,885▼ $1,445,099
Land, Buildings, and Equipment, Net$982,369$924,592▼ $57,777
Cash and Non-Interest-Bearing Accounts$827,546$746,766▼ $80,780
Savings and Temporary Cash Investments$708,939$453,320▼ $255,619
Prepaid Expenses and Deferred Charges$36,892$27,602▼ $9,290
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$83,881,941$86,174,786▲ $2,292,845
Other Assets Total$1,070,767$839,717▼ $231,050
Liabilities
Other Liabilities$73,955,938$75,570,594▲ $1,614,656
Accounts Payable and Accrued Expenses$20,993$186,932▲ $165,939
Total Liabilities$73,976,931$75,757,526▲ $1,780,595
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,905,010$10,417,260▲ $512,250
Total Liabilities and Net Assets / Fund Balance$83,881,941$86,174,786▲ $2,292,845

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$481,005$918,473$1,399,478
Equipment$79,580$410,689$490,269
Land$324,736-$324,736
Leasehold Improvements$39,271$0$39,271
Other Land Buildings$0$0$0
Other Securities$100--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew JakymowychCEO/TreasurerFT$99,164$36,224$135,388

Board Members and Trustees

NameTitle
Vera KucyjChairperson
Leo MurskyjVice Chairperson
George J TarnavskyDirector
George WoronowyczDirector
Natalia RudnyckyjDirector
Peter WorykDirector
Jennifer ChupaSecretary
Ereney J SzechowyczTreasurer Assistant
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,542,684
Investment Income
$703,364
Other Revenue
$-603
Change in Net Assets
$540,151

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,237,389
Revenue Not Reported on Financial Statements
$8,056
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$8,056
Total Revenue per Audited Statements
$2,237,389
Total Revenue per Form 990
$2,245,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$855,801
Salaries, Compensation, and Employee Benefits$849,493
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$435,074
Interest---$307,959
Office Expenses---$246,582
Information Technology---$195,066
Other Employee Benefits---$185,004
Current Officers, Directors, Trustees, and Key Employees---$135,388
Occupancy---$99,541
Insurance---$88,303
Depreciation Depletion---$76,003
Advertising---$59,965
Pension Plan Contributions---$54,160
Payroll Taxes---$39,867
Fees for Services Other---$34,000
Fees for Services Accounting---$17,952
Travel---$11,572
Conferences and Meetings---$11,450
Other Expenses---$9,505
Fees for Services Legal---$1,780
All Other Expenses---$-599,794
Total Functional Expenses$0$0$0$1,705,294

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,705,294
Total Expenses per Form 990$1,705,294
Total Expenses per Audited Statements$1,697,238
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Expenses Not Reported on Form 990$-8,056
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
Member Shares$75,570,594
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
No
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, Section A, Line 6

“The Credit Union has a single class of members with equal rights of ownership, governance and voting.”

Form 990, Part VI, Section A, Line 7A

“Board members are elected by the membership for 3 year terms.”

Form 990, Part VI, Section A, Line 7B

“Decisions that require membership approval are mergers, Field of Membership changes, and By-law changes.”

Form 990, Part VI, Section B, Line 11B

“The Form 990 and schedules are reviewed by management prior to filing with the IRS. It is made available to the Board for review.”

Form 990, Part VI, Section B, Line 12C

“Conflicts of interest are discussed at Board Meetings and Employee Meetings.”

Form 990, Part VI, Section B, Line 15

“The CEO/Treasurer's compensation is approved by the Board of Directors. The last compensation review was 2016.”

Form 990, Part VI, Section C, Line 19

“Monthly Financial Statements are posted in the lobby of the credit union. All other governing documents are available for review upon request through the Membership Services Department.”

Filing and Contact Details

Filer

Filer Name
Credit Unions Chartered in the State of Michigan
EIN
38-1686292
Phone
5867571980
Address
26495 Ryan Road, Warren, MI 48091

Signing Officer

Name
Andrew Jakymowych
Title
CEO/Treasurer
Phone
5867575420
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Jakymowych
Formed
1961
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
8
Employees
20
Volunteers
19

Preparer

Firm
Cindrich Mahalak & Co
Address
31215 Jefferson Ave, St Clair Shores, MI 48082
Preparer
Denise Luckenbacher
Phone
5862961155
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in Other Comprehensive Income -27,901”

Financial Statement Notes

Schedule D, Part XI, Line 4B

“Rental Expenses included in Revenue on 990 and Expense on Financial Statements -12,225; Gain on Sale of OREOs in Revenue on 990 and Expense on Financial Statements 20,281.”

Schedule D, Part XII, Line 2D

“Rental Expenses included in Revenue on 990 and Expense on Financial Statements 12,225; Gain on Sale of OREOs in Revenue on 990 and Expense on Financial Statements -20,281.”

Raw XML AppendixShowing 400 of 460 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt020993
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0186932
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To provide financial services to members with a common bond.
IRS990/AdvertisingGrp/TotalAmt059965
IRS990/AllOtherExpensesGrp/TotalAmt0-599794
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Ukrainian Future Credit Union
IRS990/BooksInCareOfDetail/PhoneNum05867571980
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt026495 Ryan Road
IRS990/BooksInCareOfDetail/USAddress/CityNm0Warren
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048091
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0827546
IRS990/CashNonInterestBearingGrp/EOYAmt0746766
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0135388
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt011450
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0703364
IRS990/CYOtherExpensesAmt0855801
IRS990/CYOtherRevenueAmt0-603
IRS990/CYProgramServiceRevenueAmt01542684
IRS990/CYRevenuesLessExpensesAmt0540151
IRS990/CYSalariesCompEmpBnftPaidAmt0849493
IRS990/CYTotalExpensesAmt01705294
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02245445
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt076003
IRS990/Desc0Provide 5,741 members with share, share draft, Jr plan savings, IRAs, Certificate of Deposit and Money Market accounts totaling 7,506.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt020
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt017952
IRS990/FeesForServicesLegalGrp/TotalAmt01780
IRS990/FeesForServicesOtherGrp/TotalAmt034000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt036224
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0Andrew Jakymowych
IRS990/Form990PartVIISectionAGrp/PersonNm1Vera Kucyj
IRS990/Form990PartVIISectionAGrp/PersonNm2Leo Murskyj
IRS990/Form990PartVIISectionAGrp/PersonNm3Jennifer Chupa
IRS990/Form990PartVIISectionAGrp/PersonNm4Ereney J Szechowycz
IRS990/Form990PartVIISectionAGrp/PersonNm5Peter Woryk
IRS990/Form990PartVIISectionAGrp/PersonNm6George J Tarnavsky
IRS990/Form990PartVIISectionAGrp/PersonNm7George Woronowycz
IRS990/Form990PartVIISectionAGrp/PersonNm8Natalia Rudnyckyj
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt099164
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer Assistant
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt020281
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0273034
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt02510423
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt011622
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0195066
IRS990/InsuranceGrp/TotalAmt088303
IRS990/InterestGrp/TotalAmt0307959
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0683083
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0683083
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt049349277
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt055834065
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02396984
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0951885
IRS990/IRPDocumentCnt01878
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01329162
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0982369
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0924592
IRS990/LandBldgEquipCostOrOtherBssAmt02253754
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0252753
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt012225
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To serve the financial needs of our American Ukrainian Members in the expressed motto, "Not for Profit, Not for Charity, but for Service."
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09905010
IRS990/NetAssetsOrFundBalancesEOYAmt010417260
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt020281
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt020281
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-603
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-603
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-751
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt099541
IRS990/OfficeExpensesGrp/TotalAmt0246582
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01070767
IRS990/OtherAssetsTotalGrp/EOYAmt0839717
IRS990/OtherChangesInNetAssetsAmt0-27901
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0185004
IRS990/OtherExpensesGrp/Desc0Loan Servicing
IRS990/OtherExpensesGrp/Desc1Examination Fees/Association Dues
IRS990/OtherExpensesGrp/Desc2Net OREO Expenses/Writedowns
IRS990/OtherExpensesGrp/Desc3Misc Operating Expenses
IRS990/OtherExpensesGrp/TotalAmt0236136
IRS990/OtherExpensesGrp/TotalAmt133312
IRS990/OtherExpensesGrp/TotalAmt226469
IRS990/OtherExpensesGrp/TotalAmt39505
IRS990/OtherLiabilitiesGrp/BOYAmt073955938
IRS990/OtherLiabilitiesGrp/EOYAmt075570594
IRS990/OtherOrganizationDsc0Credit Union
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0435074
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt028509167
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt026396839
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt039867
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt054160
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt036892
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027602
IRS990/PrincipalOfficerNm0Andrew Jakymowych
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0Loan Interest Income
IRS990/ProgramServiceRevenueGrp/Desc1Fee and Other Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01324000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1217872
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01324000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1218684
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1812
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide 1,405 loans including new & used vehicle, new & used recreational vehicle, business, revolving credit, credit cards, mortgage and home equity loans.
IRS990/ProgSrvcAccomActy3Grp/Desc0Offer ATM and Debit cards, safe deposit boxes, Electronic banking, wire transfers and overdraft/courtesy pay to all eligible members.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0598889
IRS990/PYOtherExpensesAmt01098848
IRS990/PYOtherRevenueAmt0-874
IRS990/PYProgramServiceRevenueAmt01804740
IRS990/PYRevenuesLessExpensesAmt0501513
IRS990/PYSalariesCompEmpBnftPaidAmt0802394
IRS990/PYTotalExpensesAmt01901242
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02402755
IRS990/ReconcilationRevenueExpnssAmt0540151
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0-603
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09905010
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt010417260
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0708939
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0453320
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0481005
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0918473
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01399478
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt079580
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0410689
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0490269
IRS990ScheduleD/ExpensesNotReportedAmt0-8056
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01705294
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0324736
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0324736
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt039271
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt039271
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt0-8056
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075570594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt08056
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt055833965
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1100
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Certificates of Deposit
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CUSO Investment
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt08056
IRS990ScheduleD/RevenueSubtotalAmt02237389
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Rental Expenses included in Revenue on 990 and Expense on Financial Statements -12,225; Gain on Sale of OREOs in Revenue on 990 and Expense on Financial Statements 20,281.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental Expenses included in Revenue on 990 and Expense on Financial Statements 12,225; Gain on Sale of OREOs in Revenue on 990 and Expense on Financial Statements -20,281.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0924592
IRS990ScheduleD/TotalBookValueSecuritiesAmt055834065
IRS990ScheduleD/TotalExpensesPerForm990Amt01705294
IRS990ScheduleD/TotalLiabilityAmt075570594
IRS990ScheduleD/TotalRevenuePerForm990Amt02245445
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02237389
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01697238
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Credit Union has a single class of members with equal rights of ownership, governance and voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are elected by the membership for 3 year terms.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Decisions that require membership approval are mergers, Field of Membership changes, and By-law changes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 and schedules are reviewed by management prior to filing with the IRS. It is made available to the Board for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Conflicts of interest are discussed at Board Meetings and Employee Meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The CEO/Treasurer's compensation is approved by the Board of Directors. The last compensation review was 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Monthly Financial Statements are posted in the lobby of the credit union. All other governing documents are available for review upon request through the Membership Services Department.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Change in Other Comprehensive Income -27,901
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt083881941
IRS990/TotalAssetsEOYAmt086174786
IRS990/TotalAssetsGrp/BOYAmt083881941
IRS990/TotalAssetsGrp/EOYAmt086174786
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01705294
IRS990/TotalGrossUBIAmt0812
IRS990/TotalLiabilitiesBOYAmt073976931
IRS990/TotalLiabilitiesEOYAmt075757526
IRS990/TotalLiabilitiesGrp/BOYAmt073976931
IRS990/TotalLiabilitiesGrp/EOYAmt075757526
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09905010
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010417260
IRS990/TotalOtherCompensationAmt036224

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$86,174,786
Liabilities
$75,757,526
Net assets
$10,417,260
Revenue
$2,245,445
Expenses
$1,705,294
Net income
$540,151
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.38$1.94$0.56
2017Detailed filing. Detailed filing data is available for this year.$84.6$73.7$11.0$2.28$1.64$0.64
2016Detailed filing. Detailed filing data is available for this year.$86.2$75.8$10.4$2.25$1.71$0.54
2015Detailed filing. Detailed filing data is available for this year.$83.9$74.0$9.91$2.40$1.90$0.50
2014Detailed filing. Detailed filing data is available for this year.$82.8$73.4$9.42$2.63$1.81$0.82
2013Detailed filing. Detailed filing data is available for this year.$82.6$74.0$8.60$2.78$2.07$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.7$74.9$7.87$2.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.2$75.9$7.37$3.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.9$74.8$7.09$4.40
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)14 • $50M-$100M nonprofits