Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2012 • EIN 38-1706265

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 11, 2013

PO Box 55749783
Siviq Scores

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

Liabilities / Assets

49th percentile

0.88x

Higher debt load relative to assets than 49% of similar nonprofits.

2012 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

50th percentile

4.0%

Faster asset growth than 50% of similar nonprofits.

2012 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$25,481,173

Up $981,982 (+4.0%) from 2011

Net Assets

Up

$3,022,900

Up $62,192 (+2.1%) from 2011

Liabilities

Up

$22,458,273

Up $919,790 (+4.3%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,284,957

Up $28,642 (+2.3%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $22,637,169Liabilities 2010: $19,716,042Net Assets 2010: $2,921,1272010Assets 2011: $24,499,191Liabilities 2011: $21,538,483Net Assets 2011: $2,960,7082011Assets 2012: $25,481,173Liabilities 2012: $22,458,273Net Assets 2012: $3,022,9002012Assets 2013: $27,196,360Liabilities 2013: $23,842,886Net Assets 2013: $3,353,4742013Assets 2015: $28,427,538Liabilities 2015: $25,200,044Net Assets 2015: $3,227,4942015Assets 2016: $29,477,628Liabilities 2016: $26,546,556Net Assets 2016: $2,931,0722016Assets 2017: $27,430,399Liabilities 2017: $24,512,506Net Assets 2017: $2,917,8932017Assets 2018: $27,444,991Liabilities 2018: $24,357,396Net Assets 2018: $3,087,5952018Assets 2019: $28,468,897Liabilities 2019: $25,196,213Net Assets 2019: $3,272,6842019Assets 2020: $33,778,426Liabilities 2020: $30,327,431Net Assets 2020: $3,450,9952020Assets 2021: $38,046,639Liabilities 2021: $34,362,334Net Assets 2021: $3,684,3052021Assets 2022: $38,175,294Liabilities 2022: $34,343,795Net Assets 2022: $3,831,4992022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2012

Assets$25,481,173
Liabilities$22,458,273
Net Assets$3,022,900

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,302,4362010Expenses 2011: $1,256,3152011Expenses 2012: $1,284,9572012Revenue 2013: $1,450,450Expenses 2013: $1,352,394Net Income 2013: $98,0562013Revenue 2015: $1,546,448Expenses 2015: $1,556,892Net Income 2015: -$10,4442015Revenue 2016: $1,477,495Expenses 2016: $1,725,062Net Income 2016: -$247,5672016Revenue 2017: $1,548,227Expenses 2017: $1,542,504Net Income 2017: $5,7232017Revenue 2018: $1,605,671Expenses 2018: $1,435,969Net Income 2018: $169,7022018Revenue 2019: $1,697,172Expenses 2019: $1,512,083Net Income 2019: $185,0892019Revenue 2020: $1,727,935Expenses 2020: $1,549,624Net Income 2020: $178,3112020Revenue 2021: $1,798,174Expenses 2021: $1,564,869Net Income 2021: $233,3052021Revenue 2022: $1,839,231Expenses 2022: $1,692,037Net Income 2022: $147,1942022Revenue 2023: $2,107,665Expenses 2023: $1,825,437Net Income 2023: $282,2282023

Highlighted filing

2012

Revenue-
Expenses$1,284,957
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 11, 2013
Return Version
2012v2.3
Gross Receipts
$1,408,905
Mission and Program Overview

Mission

Michigan chartered credit union furnishing cooperative financial services to members as provided by public act 285

Filing and Contact Details

Filer

EIN
38-1706265
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IRS990ScheduleL/LoanTable/WrittenAgreement13true
IRS990ScheduleL/LoanTable/WrittenAgreement14true
IRS990ScheduleL/TotalBalanceDue0135905
IRS990ScheduleO/GeneralExplanation/Explanation0ORGANIZED WITH MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation1MEMBERS ARE NOMINATED AND VOTED ON AT THE ANNUAL MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation2ORGANIZATION NAME CHANGE IS SUBJECT TO APPROVAL.
IRS990ScheduleO/GeneralExplanation/Explanation3CEO REVIEWS 990 PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation4FINANCIALS ARE POSTED IN THE LOBBY OF ALL OFFICES AND HANDED OUT UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5OTHER CHANGES IN NET ASSETS OF 45,956 IS RELATED TO AN ACCOUNTING ENTRY RELATED TO INVESTMENTS-2011 CARRYOVER TO 2012.
IRS990ScheduleO/GeneralExplanation/Explanation6NON OPERATING LOSS-FORECLOSURE 15,800 ADJUSTMENT FOR ACCOUNTING ENTRY 45,956
IRS990ScheduleO/GeneralExplanation/Identifier0CLASSES OF MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier1ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier2DECISIONS SUBJECT TO APPROVAL OF MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier3ORGANIZATION'S PROCESS USED TO REVIEW FORM 990

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.11$1.83$0.28
2022Detailed filing. Detailed filing data is available for this year.$38.2$34.3$3.83$1.84$1.69$0.15
2021Detailed filing. Detailed filing data is available for this year.$38.0$34.4$3.68$1.80$1.56$0.23
2020Detailed filing. Detailed filing data is available for this year.$33.8$30.3$3.45$1.73$1.55$0.18
2019Detailed filing. Detailed filing data is available for this year.$28.5$25.2$3.27$1.70$1.51$0.19
2018Detailed filing. Detailed filing data is available for this year.$27.4$24.4$3.09$1.61$1.44$0.17
2017Detailed filing. Detailed filing data is available for this year.$27.4$24.5$2.92$1.55$1.54$0.01
2016Detailed filing. Detailed filing data is available for this year.$29.5$26.5$2.93$1.48$1.73$0.25
2015Detailed filing. Detailed filing data is available for this year.$28.4$25.2$3.23$1.55$1.56$0.01
2013Detailed filing. Detailed filing data is available for this year.$27.2$23.8$3.35$1.45$1.35$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.5$22.5$3.02$1.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.5$21.5$2.96$1.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$19.7$2.92$1.30