Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2015 • EIN 38-1876197

Jan 01, 2015 to Dec 31, 2015 • Filed on May 06, 2016

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

56th percentile

0.88x

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

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

Liabilities / Revenue

27th percentile

15.95x

Higher debt load relative to revenue than 27% of similar nonprofits.

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

Net Margin

30th percentile

1.6%

Higher net margin than 30% of similar nonprofits.

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

Top Officer Pay

61st percentile

$80,536

Higher top officer pay than 61% 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

58th percentile

4.0%

Faster asset growth than 58% of similar nonprofits.

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

Revenue Growth

19th percentile

-4.2%

Faster revenue growth than 19% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$13,891,654

Up $535,064 (+4.0%) from 2014

Net Assets

Up

$1,727,238

Up $12,011 (+0.7%) from 2014

Liabilities

Up

$12,164,416

Up $523,053 (+4.5%) from 2014

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin30th percentile

Revenue

Down

$762,618

Down $33,250 (-4.2%) from 2014

Expenses

Down

$750,607

Down $20,718 (-2.7%) from 2014

Net Income

Down

$12,011

Down $12,532 (-51%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth58th 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

2015

Assets$13,891,654
Liabilities$12,164,416
Net Assets$1,727,238
Open 2015 Filing

Operations Trend

Revenue Growth19th 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

2015

Revenue$762,618
Expenses$750,607
Net Income$12,011
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 6, 2016
Return Version
2015v2.0
Gross Receipts
$762,618
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,502,171$5,005,803▲ $1,503,632
Other Notes and Loans Receivable, Net$4,565,865$4,207,223▼ $358,642
Investments Other Securities$4,561,251$3,844,780▼ $716,471
Rtn Earn Endowment Incm Other Fnds$1,715,227$1,727,238▲ $12,011
Cash and Non-Interest-Bearing Accounts$347,171$508,073▲ $160,902
Land, Buildings, and Equipment, Net$179,096$162,940▼ $16,156
Prepaid Expenses and Deferred Charges$46,142$31,991▼ $14,151
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$13,356,590$13,891,654▲ $535,064
Other Assets Total$154,894$130,844▼ $24,050
Liabilities
Other Liabilities$11,563,082$12,132,296▲ $569,214
Accounts Payable and Accrued Expenses$78,281$32,120▼ $46,161
Total Liabilities$11,641,363$12,164,416▲ $523,053
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,715,227$1,727,238▲ $12,011
Total Liabilities and Net Assets / Fund Balance$13,356,590$13,891,654▲ $535,064

Asset Categories

AssetBook ValueDepreciationBasis
Land$84,928-$84,928
Buildings$57,131-$57,131
Other Land Buildings$17,953-$17,953
Leasehold Improvements$2,928-$2,928
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Bobby G WaltersCEO/TreasurerFT$80,536$80,536

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
$645,175
Investment Income
$83,924
Other Revenue
$33,519
Change in Net Assets
$12,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$430,470
Salaries, Compensation, and Employee Benefits$320,137
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$136,545
Other Salaries and Wages---$131,950
Current Officers, Directors, Trustees, and Key Employees---$80,536
Information Technology---$77,324
Other Employee Benefits---$70,348
Occupancy---$63,493
Depreciation Depletion---$23,369
Payroll Taxes---$19,794
Pension Plan Contributions---$17,509
Travel---$16,614
Fees for Services Accounting---$14,868
Interest---$11,959
Fees for Services Other---$8,917
Advertising---$8,238
Other Expenses---$1,294
Insurance---$899
All Other Expenses---$9
Total Functional Expenses$0$0$0$750,607
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$10,549,018
Member Deposit Accounts$1,583,276
Rounding$2
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
2016-05-06
Discuss with paid preparer
Yes

Organization Details

Formed
1968
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
9
Employees
6
Volunteers
9

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/OtherExpensesGrp/Desc0Loan Servicing Expense
IRS990/OtherExpensesGrp/Desc1State Operating Fee
IRS990/OtherExpensesGrp/Desc2Assn Dues
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IRS990/OtherExpensesGrp/TotalAmt17305
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/ProgramServiceRevenueGrp/Desc1Interchange Income
IRS990/ProgramServiceRevenueGrp/Desc2Interest on Loans
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt147505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2397913
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, 2015, the Credit Union had 1,430 loans outstanding.
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IRS990/PYInvestmentIncomeAmt080502
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IRS990/PYOtherRevenueAmt034871
IRS990/PYProgramServiceRevenueAmt0680495
IRS990/PYRevenuesLessExpensesAmt024543
IRS990/PYSalariesCompEmpBnftPaidAmt0322305
IRS990/PYTotalExpensesAmt0771325
IRS990/PYTotalRevenueAmt0795868
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt012011
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt027600
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01715227
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposit Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Shares
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0162940
IRS990ScheduleD/TotalBookValueSecuritiesAmt03844780
IRS990ScheduleD/TotalLiabilityAmt012132296
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalGrossUBIAmt02657
IRS990/TotalLiabilitiesBOYAmt011641363
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013891654
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt016614
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0Teamsterscreditunion.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Bobby G Walters
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Teamsters Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0381876197
ReturnHeader/Filer/PhoneNum03139624666
ReturnHeader/Filer/USAddress/AddressLine1Txt02825 Trumbull
ReturnHeader/Filer/USAddress/CityNm0Detroit
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048216
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$13,891,654
Liabilities
$12,164,416
Net assets
$1,727,238
Revenue
$762,618
Expenses
$750,607
Net income
$12,011
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