Civic Intelligence

Newaygo County Service Employees Credit Union

990 • Fiscal year 2015 • EIN 38-1856099

Jan 01, 2015 to Dec 31, 2015 • Filed on May 10, 2016

Organization Profilewww.ncsecu.com

View Organization Page

115 South Stone PO Box 435Fremont, MI 49412

(231) 924-5510

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.92x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

20.33x

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

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Net Margin

44th percentile

4.8%

Higher net margin than 44% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

89th percentile

$110,750

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Asset Growth

61st percentile

4.5%

Faster asset growth than 61% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

41st percentile

-1.0%

Faster revenue growth than 41% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$23,074,049

Up $1,000,588 (+4.5%) from 2014

Net Assets

Up

$1,783,684

Up $50,507 (+2.9%) from 2014

Liabilities

Up

$21,290,365

Up $950,081 (+4.7%) from 2014

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin44th percentile

Revenue

Down

$1,047,020

Down $10,423 (-1.0%) from 2014

Expenses

Down

$996,513

Down $9,763 (-1.0%) from 2014

Net Income

Down

$50,507

Down $660 (-1.3%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$30M$20M$10M$0Assets 2010: $18,041,401Liabilities 2010: $16,414,016Net Assets 2010: $1,627,3852010Assets 2011: $18,990,941Liabilities 2011: $17,359,696Net Assets 2011: $1,631,2452011Assets 2012: $20,238,710Liabilities 2012: $18,605,644Net Assets 2012: $1,633,0662012Assets 2013: $21,233,575Liabilities 2013: $19,551,565Net Assets 2013: $1,682,0102013Assets 2014: $22,073,461Liabilities 2014: $20,340,284Net Assets 2014: $1,733,1772014Assets 2015: $23,074,049Liabilities 2015: $21,290,365Net Assets 2015: $1,783,6842015Assets 2016: $24,451,213Liabilities 2016: $22,623,811Net Assets 2016: $1,827,4022016Assets 2017: $25,706,846Liabilities 2017: $23,801,541Net Assets 2017: $1,905,3052017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2015

Assets$23,074,049
Liabilities$21,290,365
Net Assets$1,783,684
Open 2015 Filing

Operations Trend

Revenue Growth41st percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $986,4802010Revenue 2011: $978,626Expenses 2011: $974,766Net Income 2011: $3,8602011Revenue 2012: $940,973Expenses 2012: $939,152Net Income 2012: $1,8212012Revenue 2013: $995,231Expenses 2013: $946,287Net Income 2013: $48,9442013Revenue 2014: $1,057,443Expenses 2014: $1,006,276Net Income 2014: $51,1672014Revenue 2015: $1,047,020Expenses 2015: $996,513Net Income 2015: $50,5072015Revenue 2016: $1,084,548Expenses 2016: $1,040,830Net Income 2016: $43,7182016Revenue 2017: $1,157,586Expenses 2017: $1,164,130Net Income 2017: -$6,5442017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018

Highlighted filing

2015

Revenue$1,047,020
Expenses$996,513
Net Income$50,507
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 10, 2016
Return Version
2015v2.0
Gross Receipts
$1,047,020
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$10,218,023$11,181,148▲ $963,125
Other Notes and Loans Receivable, Net$8,982,209$9,504,725▲ $522,516
Rtn Earn Endowment Incm Other Fnds$1,733,177$1,783,684▲ $50,507
Land, Buildings, and Equipment, Net$1,121,135$1,086,290▼ $34,845
Cash and Non-Interest-Bearing Accounts$723,794$744,893▲ $21,099
Investments Other Securities$556,200$332,350▼ $223,850
Prepaid Expenses and Deferred Charges$46,080$82,550▲ $36,470
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$22,073,461$23,074,049▲ $1,000,588
Other Assets Total$426,020$142,093▼ $283,927
Liabilities
Other Liabilities$20,214,119$21,062,211▲ $848,092
Accounts Payable and Accrued Expenses$126,165$228,154▲ $101,989
Total Liabilities$20,340,284$21,290,365▲ $950,081
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,733,177$1,783,684▲ $50,507
Total Liabilities and Net Assets / Fund Balance$22,073,461$23,074,049▲ $1,000,588

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$880,454$99,461$979,915
Other Land Buildings$111,549$226,688$338,237
Land$94,287-$94,287
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis GreenoManagerFT$84,887$25,863$110,750

Board Members and Trustees

NameTitle
Mark PitzerPresident
Robert ClarkVice President
Bernadine HansonDirector
Chester ScottDirector
James PattersonDirector
Kathleen StrattonDirector
Joan PurdyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$952,866
Investment Income
$80,799
Other Revenue
$13,355
Change in Net Assets
$50,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$545,104
Salaries, Compensation, and Employee Benefits$451,409
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$238,393
Current Officers, Directors, Trustees, and Key Employees---$110,750
All Other Expenses---$63,820
Fees for Services Accounting---$51,259
Depreciation Depletion---$50,608
Other Employee Benefits---$40,003
Office Expenses---$36,550
Interest---$34,535
Pension Plan Contributions---$34,175
Occupancy---$32,668
Payroll Taxes---$28,088
Insurance---$20,371
Advertising---$11,777
Other Expenses---$9,789
Travel---$591
Fees for Services Legal---$20
Total Functional Expenses$0$0$0$996,513
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 Share Accounts$21,062,211
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 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 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

Filer Name
Newaygo County Service Employees
EIN
38-1856099
Phone
2319245510
Address
115 South Stone PO Box 435, Fremont, MI 49412

Signing Officer

Name
Dennis Greeno
Title
Manager
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
1954
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
9
Volunteers
10

Preparer

Firm
Financial Standards Group Inc
Address
3615 NEWBURG RD, LOUISVILLE, KY 40218
Preparer
William Arvo CPA
Phone
8005225820
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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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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1486552
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt287786
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3146908
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt433968
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0167748
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1486552
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt287786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3146908
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt433968
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 12/31/2015 was 1,968.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0127800
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0559341
IRS990/PYOtherRevenueAmt017214
IRS990/PYProgramServiceRevenueAmt0912429
IRS990/PYRevenuesLessExpensesAmt051167
IRS990/PYSalariesCompEmpBnftPaidAmt0446935
IRS990/PYTotalExpensesAmt01006276
IRS990/PYTotalRevenueAmt01057443
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt050507
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01733177
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01783684
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010218023
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011181148
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0880454
IRS990ScheduleD/BuildingsGrp/DepreciationAmt099461
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0979915
IRS990ScheduleD/LandGrp/BookValueAmt094287
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt094287
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0111549
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0226688
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0338237
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021062211
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Share Accounts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01086290
IRS990ScheduleD/TotalLiabilityAmt021062211
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Section 501c(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/TotalAssetsBOYAmt022073461
IRS990/TotalAssetsEOYAmt023074049
IRS990/TotalAssetsGrp/BOYAmt022073461
IRS990/TotalAssetsGrp/EOYAmt023074049
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0996513
IRS990/TotalGrossUBIAmt07632
IRS990/TotalLiabilitiesBOYAmt020340284
IRS990/TotalLiabilitiesEOYAmt021290365
IRS990/TotalLiabilitiesGrp/BOYAmt020340284
IRS990/TotalLiabilitiesGrp/EOYAmt021290365
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01733177
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01783684
IRS990/TotalOtherCompensationAmt025863
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt029904
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt029904
IRS990/TotalProgramServiceRevenueAmt0952866
IRS990/TotalReportableCompFromOrgAmt084887
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01039388
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01047020
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt07632
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt022073461
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023074049
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0591
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.ncsecu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Dennis Greeno
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Newaygo County Service Employees
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0NEWA
ReturnHeader/Filer/EIN0381856099
ReturnHeader/Filer/PhoneNum02319245510
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 South Stone PO Box 435
ReturnHeader/Filer/USAddress/CityNm0Fremont
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049412
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03615 NEWBURG RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040218
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William Arvo CPA
ReturnHeader/ReturnTs02016-05-10T10:16:35-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,074,049
Liabilities
$21,290,365
Net assets
$1,783,684
Revenue
$1,047,020
Expenses
$996,513
Net income
$50,507
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$25.7$23.8$1.91$1.16$1.16$0.01
2016Detailed filing. Detailed filing data is available for this year.$24.5$22.6$1.83$1.08$1.04$0.04
2015Detailed filing. Detailed filing data is available for this year.$23.1$21.3$1.78$1.05$1.00$0.05
2014Detailed filing. Detailed filing data is available for this year.$22.1$20.3$1.73$1.06$1.01$0.05
2013Detailed filing. Detailed filing data is available for this year.$21.2$19.6$1.68$1.00$0.95$0.05
2012Summary only. Only limited summary data is available for this year.$20.2$18.6$1.63$0.94$0.94$0.00
2011Summary only. Only limited summary data is available for this year.$19.0$17.4$1.63$0.98$0.97$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$16.4$1.63$0.99