Civic Intelligence

Newaygo County Service Employees Credit Union

990 • Fiscal year 2017 • EIN 38-1856099

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 20, 2018

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

97th percentile

0.93x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

20.56x

Higher debt load relative to revenue than 56% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Net Margin

10th percentile

-0.6%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$121,320

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Asset Growth

75th percentile

5.1%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

58th percentile

6.7%

Faster revenue growth than 58% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$25,706,846

Up $1,255,633 (+5.1%) from 2016

Net Assets

Up

$1,905,305

Up $77,903 (+4.3%) from 2016

Liabilities

Up

$23,801,541

Up $1,177,730 (+5.2%) from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin10th percentile

Revenue

Up

$1,157,586

Up $73,038 (+6.7%) from 2016

Expenses

Up

$1,164,130

Up $123,300 (+12%) from 2016

Net Income

Down

-$6,544

Down $50,262 (-115%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth75th 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

2017

Assets$25,706,846
Liabilities$23,801,541
Net Assets$1,905,305
Open 2017 Filing

Operations Trend

Revenue Growth58th 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

2017

Revenue$1,157,586
Expenses$1,164,130
Net Income-$6,544
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 20, 2018
Return Version
2017v2.2
Gross Receipts
$1,157,586
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$12,110,088$13,053,047▲ $942,959
Other Notes and Loans Receivable, Net$9,987,301$10,675,663▲ $688,362
Rtn Earn Endowment Incm Other Fnds$1,827,402$1,905,305▲ $77,903
Land, Buildings, and Equipment, Net$1,059,543$1,014,909▼ $44,634
Investments Other Securities$431,350$422,894▼ $8,456
Cash and Non-Interest-Bearing Accounts$692,270$290,501▼ $401,769
Prepaid Expenses and Deferred Charges$72,383$46,616▼ $25,767
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$24,451,213$25,706,846▲ $1,255,633
Other Assets Total$98,278$203,216▲ $104,938
Liabilities
Other Liabilities$22,567,705$23,696,632▲ $1,128,927
Accounts Payable and Accrued Expenses$56,106$104,909▲ $48,803
Total Liabilities$22,623,811$23,801,541▲ $1,177,730
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,827,402$1,905,305▲ $77,903
Total Liabilities and Net Assets / Fund Balance$24,451,213$25,706,846▲ $1,255,633

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$848,432$131,483$979,915
Other Land Buildings$72,190$309,035$381,225
Land$94,287-$94,287
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis GreenoManagerFT$114,453$6,867$121,320

Board Members and Trustees

NameTitle
Mark PitzerPresident
Robert ClarkVice President
Bernadine HansonDirector
James PattersonDirector
Steven MullDirector
Jennifer KrausSecretary
Joan PurdyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$952,091
Investment Income
$198,406
Other Revenue
$7,089
Change in Net Assets
$-6,544
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$666,830
Salaries, Compensation, and Employee Benefits$497,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$268,324
Current Officers, Directors, Trustees, and Key Employees---$121,320
Office Expenses---$59,702
Depreciation Depletion---$57,193
Other Employee Benefits---$48,889
Fees for Services Accounting---$42,153
All Other Expenses---$40,109
Interest---$35,347
Occupancy---$34,507
Payroll Taxes---$32,506
Pension Plan Contributions---$26,261
Insurance---$22,337
Advertising---$11,383
Other Expenses---$9,074
Travel---$1,112
Total Functional Expenses$0$0$0$1,164,130
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Accounts$23,696,632
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
Erika Bauer
Title
Manager
Signed
2018-04-20
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Financial Standards Group Inc
Address
3615 NEWBURG RD, LOUISVILLE, KY 40218
Preparer
Robert Draeger
Phone
8005225820
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Other Increases in Equity = $84447”

Raw XML Appendix399 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
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IRS990/ProgramServiceRevenueGrp/Desc4Share Draft NSF Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0175172
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1521677
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt271077
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3119153
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt433474
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0175172
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1521677
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt271077
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3119153
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt433474
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 12/31/2017 was 2,206.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0137845
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0584217
IRS990/PYOtherRevenueAmt013375
IRS990/PYProgramServiceRevenueAmt0933328
IRS990/PYRevenuesLessExpensesAmt043718
IRS990/PYSalariesCompEmpBnftPaidAmt0456613
IRS990/PYTotalExpensesAmt01040830
IRS990/PYTotalRevenueAmt01084548
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-6544
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01827402
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01905305
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012110088
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013053047
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0848432
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0131483
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0979915
IRS990ScheduleD/LandGrp/BookValueAmt094287
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt094287
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt072190
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0309035
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0381225
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023696632
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Share Accounts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01014909
IRS990ScheduleD/TotalLiabilityAmt023696632
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/ExplanationTxt7Other Increases in Equity = $84447
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024451213
IRS990/TotalAssetsEOYAmt025706846
IRS990/TotalAssetsGrp/BOYAmt024451213
IRS990/TotalAssetsGrp/EOYAmt025706846
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01164130
IRS990/TotalGrossUBIAmt07089
IRS990/TotalLiabilitiesBOYAmt022623811
IRS990/TotalLiabilitiesEOYAmt023801541
IRS990/TotalLiabilitiesGrp/BOYAmt022623811
IRS990/TotalLiabilitiesGrp/EOYAmt023801541
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01827402
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01905305
IRS990/TotalOtherCompensationAmt06867
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt031538
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt031538
IRS990/TotalProgramServiceRevenueAmt0952091
IRS990/TotalReportableCompFromOrgAmt0114453
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01150497
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01157586
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt07089
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024451213
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025706846
IRS990/TravelGrp/TotalAmt01112
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.ncsecu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Erika Bauer
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-20
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/PreparerFirmEIN0650152722
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/PreparerPersonNm0Robert Draeger
ReturnHeader/ReturnTs02018-04-20T12:22:46-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,706,846
Liabilities
$23,801,541
Net assets
$1,905,305
Revenue
$1,157,586
Expenses
$1,164,130
Net income
-$6,544
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