Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2014 • EIN 38-1876197

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 29, 2015

Organization ProfileTeamsterscreditunion.com

View Organization Page

2825 TrumbullDetroit, MI 48216

(313) 962-4666

Siviq Scores

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

Liabilities / Assets

54th percentile

0.87x

Higher debt load relative to assets than 54% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

14.63x

Higher debt load relative to revenue than 24% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Net Margin

38th percentile

3.1%

Higher net margin than 38% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

67th percentile

$82,602

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Asset Growth

81st percentile

5.6%

Faster asset growth than 81% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

79th percentile

5.3%

Faster revenue growth than 79% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$13,356,590

Up $707,804 (+5.6%) from 2013

Net Assets

Up

$1,715,227

Up $24,543 (+1.5%) from 2013

Liabilities

Up

$11,641,363

Up $683,261 (+6.2%) from 2013

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin38th percentile

Revenue

Up

$795,868

Up $40,307 (+5.3%) from 2013

Expenses

Down

$771,325

Down $52,488 (-6.4%) from 2013

Net Income

Up

$24,543

Up $92,795 (+136%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $10,496,885Liabilities 2010: $8,711,923Net Assets 2010: $1,784,9622010Assets 2011: $10,920,014Liabilities 2011: $9,161,660Net Assets 2011: $1,758,3542011Assets 2012: $11,688,814Liabilities 2012: $9,929,878Net Assets 2012: $1,758,9362012Assets 2013: $12,648,786Liabilities 2013: $10,958,102Net Assets 2013: $1,690,6842013Assets 2014: $13,356,590Liabilities 2014: $11,641,363Net Assets 2014: $1,715,2272014Assets 2015: $13,891,654Liabilities 2015: $12,164,416Net Assets 2015: $1,727,2382015Assets 2016: $14,442,106Liabilities 2016: $12,707,506Net Assets 2016: $1,734,6002016Assets 2017: $15,031,957Liabilities 2017: $13,272,252Net Assets 2017: $1,759,7052017Assets 2018: $14,741,052Liabilities 2018: $12,945,890Net Assets 2018: $1,795,1622018Assets 2019: $15,217,733Liabilities 2019: $13,365,883Net Assets 2019: $1,851,8502019Assets 2020: $17,354,580Liabilities 2020: $15,586,234Net Assets 2020: $1,768,3462020Assets 2021: $17,698,338Liabilities 2021: $16,006,019Net Assets 2021: $1,692,3192021Assets 2022: $17,745,372Liabilities 2022: $15,898,145Net Assets 2022: $1,847,2272022Assets 2023: $15,894,947Liabilities 2023: $14,441,206Net Assets 2023: $1,453,7412023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2014

Assets$13,356,590
Liabilities$11,641,363
Net Assets$1,715,227
Open 2014 Filing

Operations Trend

Revenue Growth79th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $961,3962010Expenses 2011: $883,3572011Expenses 2012: $824,6082012Revenue 2013: $755,561Expenses 2013: $823,813Net Income 2013: -$68,2522013Revenue 2014: $795,868Expenses 2014: $771,325Net Income 2014: $24,5432014Revenue 2015: $762,618Expenses 2015: $750,607Net Income 2015: $12,0112015Revenue 2016: $787,386Expenses 2016: $780,024Net Income 2016: $7,3622016Revenue 2017: $737,007Expenses 2017: $711,902Net Income 2017: $25,1052017Revenue 2018: $777,693Expenses 2018: $742,236Net Income 2018: $35,4572018Revenue 2019: $859,289Expenses 2019: $802,601Net Income 2019: $56,6882019Revenue 2020: $676,354Expenses 2020: $759,858Net Income 2020: -$83,5042020Revenue 2021: $642,167Expenses 2021: $718,194Net Income 2021: -$76,0272021Revenue 2022: $928,690Expenses 2022: $773,782Net Income 2022: $154,9082022Revenue 2023: $771,813Expenses 2023: $1,093,224Net Income 2023: -$321,4112023Revenue 2024: $627,442Expenses 2024: $1,080,948Net Income 2024: -$453,5062024

Highlighted filing

2014

Revenue$795,868
Expenses$771,325
Net Income$24,543
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 29, 2015
Return Version
2014v5.0
Gross Receipts
$795,868
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,873,141$4,565,865▼ $307,276
Investments Other Securities$3,788,000$4,538,000▲ $750,000
Savings and Temporary Cash Investments$3,018,610$3,502,171▲ $483,561
Rtn Earn Endowment Incm Other Fnds$1,690,684$1,715,227▲ $24,543
Cash and Non-Interest-Bearing Accounts$487,078$347,171▼ $139,907
Land, Buildings, and Equipment, Net$222,884$202,347▼ $20,537
Prepaid Expenses and Deferred Charges$38,861$46,142▲ $7,281
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$12,648,786$13,356,590▲ $707,804
Other Assets Total$220,212$154,894▼ $65,318
Liabilities
Other Liabilities$10,914,341$11,563,082▲ $648,741
Accounts Payable and Accrued Expenses$43,761$78,281▲ $34,520
Total Liabilities$10,958,102$11,641,363▲ $683,261
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,690,684$1,715,227▲ $24,543
Total Liabilities and Net Assets / Fund Balance$12,648,786$13,356,590▲ $707,804

Asset Categories

AssetBook ValueDepreciationBasis
Land$84,928-$84,928
Buildings$68,944-$68,944
Equipment$23,251-$23,251
Other Land Buildings$22,419-$22,419
Leasehold Improvements$2,805-$2,805
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Bobby G WaltersCEO/TreasurerFT$82,602$82,602

Board Members and Trustees

NameTitle
Jim CiancioloPresident
Greg NowakVice President
Alex YoungDirector
Kenneth KwapiszDirector
Larry FreemanDirector
Paul KozickiDirector
Reno MifsudDirector
Walter SchulerDirector
Joseph Valenti JrSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$680,495
Investment Income
$80,502
Other Revenue
$34,871
Change in Net Assets
$24,543
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$449,020
Salaries, Compensation, and Employee Benefits$322,305
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$127,567
Current Officers, Directors, Trustees, and Key Employees---$82,602
Information Technology---$74,657
Other Employee Benefits---$72,275
Occupancy---$69,133
All Other Expenses---$58,782
Office Expenses---$44,059
Other Expenses---$23,890
Payroll Taxes---$22,632
Pension Plan Contributions---$17,229
Insurance---$13,976
Depreciation Depletion---$13,093
Interest---$11,594
Travel---$10,740
Fees for Services Accounting---$7,926
Advertising---$2,322
Total Functional Expenses$0$0$0$771,325
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 Shares$8,086,296
Member Deposit Accounts$3,476,786
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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

“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 15A: Compensation Review & Approval Process - CEO, Top Management

“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
Teamsters Credit Union
EIN
38-1876197
Phone
3139624666
Address
2825 Trumbull, Detroit, MI 48216

Signing Officer

Name
Bobby G Walters
Title
CEO/Treasurer
Signed
2015-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bobby G Walters
Formed
1968
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
9
Employees
7
Volunteers
9

Preparer

Firm
Financial Standards Group Inc
Address
3615 NEWBURG ROAD, LOUISVILLE, KY 40218
Preparer
Robin Rivers
Phone
8005225820
Raw XML AppendixShowing 400 of 416 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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IRS990/OtherEmployeeBenefitsGrp/TotalAmt072275
IRS990/OtherExpensesGrp/Desc0Co-Op Branch Exp
IRS990/OtherExpensesGrp/Desc1Co-Op ATM Exp
IRS990/OtherExpensesGrp/Desc2Visa Expense
IRS990/OtherExpensesGrp/Desc3Loan Servicing Expense
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IRS990/OtherExpensesGrp/TotalAmt140270
IRS990/OtherExpensesGrp/TotalAmt237024
IRS990/OtherExpensesGrp/TotalAmt323890
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IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt03328
IRS990/OtherRevenueTotalAmt07271
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04565865
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt022632
IRS990/PensionPlanContributionsGrp/TotalAmt017229
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038861
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt046142
IRS990/PrincipalOfficerNm0Bobby G Walters
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc1Interchange Income
IRS990/ProgramServiceRevenueGrp/Desc2Interest on Loans
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt145677
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2429335
IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union provides a variety of loans to members, including vehicle loans, home equity loans, signature loans and lines of credit as well as credit card loans. As of December 31, 2014, the Credit Union had 1,479 loans outstanding.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt062908
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0470435
IRS990/PYOtherRevenueAmt0-16054
IRS990/PYProgramServiceRevenueAmt0708707
IRS990/PYRevenuesLessExpensesAmt0-68252
IRS990/PYSalariesCompEmpBnftPaidAmt0353378
IRS990/PYTotalExpensesAmt0823813
IRS990/PYTotalRevenueAmt0755561
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt024543
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt027600
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01690684
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt03018610
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IRS990ScheduleD/LandGrp/BookValueAmt084928
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02805
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02805
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022419
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03476786
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18086296
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposit Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0202347
IRS990ScheduleD/TotalBookValueSecuritiesAmt04538000
IRS990ScheduleD/TotalLiabilityAmt011563082
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Credit 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 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalGrossUBIAmt03328
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IRS990/TotalReportableCompFromOrgAmt082602
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0795868
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03328
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012648786
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IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt010740
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02825 Trumbull
IRS990/USAddress/CityNm0Detroit
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048216
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0Teamsterscreditunion.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Bobby G Walters
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Teamsters Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0381876197
ReturnHeader/Filer/PhoneNum03139624666

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,356,590
Liabilities
$11,641,363
Net assets
$1,715,227
Revenue
$795,868
Expenses
$771,325
Net income
$24,543
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.63$1.08$0.45
2023Detailed filing. Detailed filing data is available for this year.$15.9$14.4$1.45$0.77$1.09$0.32
2022Detailed filing. Detailed filing data is available for this year.$17.7$15.9$1.85$0.93$0.77$0.15
2021Detailed filing. Detailed filing data is available for this year.$17.7$16.0$1.69$0.64$0.72$0.08
2020Detailed filing. Detailed filing data is available for this year.$17.4$15.6$1.77$0.68$0.76$0.08
2019Detailed filing. Detailed filing data is available for this year.$15.2$13.4$1.85$0.86$0.80$0.06
2018Detailed filing. Detailed filing data is available for this year.$14.7$12.9$1.80$0.78$0.74$0.04
2017Detailed filing. Detailed filing data is available for this year.$15.0$13.3$1.76$0.74$0.71$0.03
2016Detailed filing. Detailed filing data is available for this year.$14.4$12.7$1.73$0.79$0.78$0.01
2015Detailed filing. Detailed filing data is available for this year.$13.9$12.2$1.73$0.76$0.75$0.01
2014Detailed filing. Detailed filing data is available for this year.$13.4$11.6$1.72$0.80$0.77$0.02
2013Detailed filing. Detailed filing data is available for this year.$12.6$11.0$1.69$0.76$0.82$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$9.93$1.76$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$9.16$1.76$0.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$8.71$1.78$0.96