Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2017 • EIN 38-2343676

Jan 01, 2017 to Dec 31, 2017 • Filed on May 07, 2018

Organization ProfileWWW.AEROQUIPCU.COM

View Organization Page

901 Plymouth StreetJackson, MI 49201

(517) 789-2890

Siviq Scores

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

Liabilities / Assets

6th percentile

0.01x

Higher debt load relative to assets than 6% of similar nonprofits.

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

Liabilities / Revenue

6th percentile

0.21x

Higher debt load relative to revenue than 6% of similar nonprofits.

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

Net Margin

77th percentile

15%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

36th percentile

0.8%

Faster asset growth than 36% of similar nonprofits.

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

Revenue Growth

50th percentile

4.8%

Faster revenue growth than 50% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$44,688,434

Up $374,189 (+0.8%) from 2016

Net Assets

Up

$44,298,699

Up $379,387 (+0.9%) from 2016

Liabilities

Down

$389,735

Down $5,198 (-1.3%) from 2016

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin77th percentile

Revenue

Up

$1,847,891

Up $85,462 (+4.8%) from 2016

Expenses

Down

$1,562,034

Down $121,019 (-7.2%) from 2016

Net Income

Up

$285,857

Up $206,481 (+260%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$60M$40M$20M$0Assets 2010: $37,740,059Liabilities 2010: $538,611Net Assets 2010: $37,201,4482010Assets 2011: $38,820,169Liabilities 2011: $172,449Net Assets 2011: $38,647,7202011Assets 2012: $39,648,735Liabilities 2012: $314,157Net Assets 2012: $39,334,5782012Assets 2013: $40,792,860Liabilities 2013: $208,734Net Assets 2013: $40,584,1262013Assets 2014: $43,006,621Liabilities 2014: $246,172Net Assets 2014: $42,760,4492014Assets 2015: $44,305,507Liabilities 2015: $167,851Net Assets 2015: $44,137,6562015Assets 2016: $44,314,245Liabilities 2016: $394,933Net Assets 2016: $43,919,3122016Assets 2017: $44,688,434Liabilities 2017: $389,735Net Assets 2017: $44,298,6992017Assets 2018: $44,942,562Liabilities 2018: $304,542Net Assets 2018: $44,638,0202018Assets 2019: $44,576,660Liabilities 2019: $280,529Net Assets 2019: $44,296,1312019Assets 2020: $51,492,013Liabilities 2020: $371,695Net Assets 2020: $51,120,3182020Assets 2021: $55,069,775Liabilities 2021: $457,327Net Assets 2021: $54,612,4482021Assets 2022: $54,121,772Liabilities 2022: $431,136Net Assets 2022: $53,690,6362022Assets 2023: $50,976,033Liabilities 2023: $968,044Net Assets 2023: $50,007,9892023Assets 2024: $50,502,564Liabilities 2024: $442,706Net Assets 2024: $50,059,8582024

Highlighted filing

2017

Assets$44,688,434
Liabilities$389,735
Net Assets$44,298,699
Open 2017 Filing

Operations Trend

Revenue Growth50th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,049,4982010Expenses 2011: $2,000,1272011Expenses 2012: $2,173,2942012Revenue 2013: $1,678,392Expenses 2013: $1,534,881Net Income 2013: $143,5112013Revenue 2014: $1,673,164Expenses 2014: $1,613,497Net Income 2014: $59,6672014Revenue 2015: $1,765,388Expenses 2015: $1,458,262Net Income 2015: $307,1262015Revenue 2016: $1,762,429Expenses 2016: $1,683,053Net Income 2016: $79,3762016Revenue 2017: $1,847,891Expenses 2017: $1,562,034Net Income 2017: $285,8572017Revenue 2018: $1,999,386Expenses 2018: $1,763,556Net Income 2018: $235,8302018Revenue 2019: $2,131,275Expenses 2019: $1,908,751Net Income 2019: $222,5242019Revenue 2020: $2,041,068Expenses 2020: $1,823,113Net Income 2020: $217,9552020Revenue 2021: $1,913,253Expenses 2021: $1,926,306Net Income 2021: -$13,0532021Revenue 2022: $2,006,778Expenses 2022: $2,082,546Net Income 2022: -$75,7682022Revenue 2023: $2,216,296Expenses 2023: $2,017,938Net Income 2023: $198,3582023Revenue 2024: $2,625,721Expenses 2024: $2,440,029Net Income 2024: $185,6922024

Highlighted filing

2017

Revenue$1,847,891
Expenses$1,562,034
Net Income$285,857
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 7, 2018
Return Version
2017v2.3
Gross Receipts
$1,847,891
Mission and Program Overview

Mission

Provide low cost loans and financial services to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$37,365,995$37,521,606▲ $155,611
Other Notes and Loans Receivable, Net$23,268,897$24,818,024▲ $1,549,127
Investments in Publicly Traded Securities$17,022,778$17,986,409▲ $963,631
Rtn Earn Endowment Incm Other Fnds$6,553,317$6,777,093▲ $223,776
Land, Buildings, and Equipment, Net$632,382$613,737▼ $18,645
Savings and Temporary Cash Investments$2,190,730$452,740▼ $1,737,990
Receivables From Officers Etc$645,694$434,176▼ $211,518
Cash and Non-Interest-Bearing Accounts$504,092$405,930▼ $98,162
Total Assets$44,314,245$44,688,434▲ $374,189
Other Assets Total$49,672$-22,582▼ $72,254
Liabilities
Accounts Payable and Accrued Expenses$394,933$389,735▼ $5,198
Total Liabilities$394,933$389,735▼ $5,198
Net Assets / Fund Balance
Total Net Assets Fund Balance$43,919,312$44,298,699▲ $379,387
Total Liabilities and Net Assets / Fund Balance$44,314,245$44,688,434▲ $374,189

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,017$370,978$397,995
Land$191,830-$191,830
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Joseph NatterPresident
Adam CrezDirector
Aida OliverDirector
Timothy SummerfeltDirector
Lisa K RobinsonManager/CEO
Linda WaySecretary
John DelossantosTreasurer
Kathleen SheleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,192,817
Investment Income
$317,988
Other Revenue
$337,086
Change in Net Assets
$285,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$852,962
Salaries, Compensation, and Employee Benefits$709,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$477,661--$477,661
All Other Expenses$175,458--$175,458
Other Employee Benefits$164,069--$164,069
Office Expenses$79,457--$79,457
Occupancy$54,063--$54,063
Fees for Services Legal$46,415--$46,415
Advertising$44,138--$44,138
Payroll Taxes$42,749--$42,749
Other Expenses$42,137--$42,137
Conferences and Meetings$33,865--$33,865
Depreciation Depletion$33,208--$33,208
Pension Plan Contributions$24,593--$24,593
Fees for Services Accounting$7,817--$7,817
Interest$2,837--$2,837
Insurance$-26,741--$-26,741
Total Functional Expenses$1,562,034$0$0$1,562,034
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 Officers, Directors, Trustees, and Key Employees$645,694$434,176▼ $211,518
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Aeroquip Credit Union
EIN
38-2343676
Phone
5177892890
Address
901 PLYMOUTH STREET, JACKSON, MI 49201

Signing Officer

Name
Lisa K Robinson
Title
Manager/CEO
Phone
5177892890
Signed
2018-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa K Robinson
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
14

Preparer

Firm
Schultz & Sonnenberg Pc
Address
3343 SPRING ARBOR ROAD STE 400, JACKSON, MI 49203
Preparer
John a Schultz
Phone
5177898185
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Provide financial services to members”

Form 990, Part IX, Line 24E

“Outside services 36,513 0 0 provision for loan loss 35,706 0 0 misc. Operating expenses 21,309 0 0 telephone 18,209 0 0 asset disposal loss 17,722 0 0 member cd interest 15,207 0 0 state exam fee 14,612 0 0 annual meeting expense 10,786 0 0 association dues 5,394 0 0 total 175,458 0 0”

Raw XML Appendix332 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/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OUTSIDE SERVICES 36,513 0 0 PROVISION FOR LOAN LOSS 35,706 0 0 MISC. OPERATING EXPENSES 21,309 0 0 TELEPHONE 18,209 0 0 ASSET DISPOSAL LOSS 17,722 0 0 MEMBER CD INTEREST 15,207 0 0 STATE EXAM FEE 14,612 0 0 ANNUAL MEETING EXPENSE 10,786 0 0 ASSOCIATION DUES 5,394 0 0 TOTAL 175,458 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt044314245
IRS990/TotalAssetsEOYAmt044688434
IRS990/TotalAssetsGrp/BOYAmt044314245
IRS990/TotalAssetsGrp/EOYAmt044688434
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01562034
IRS990/TotalFunctionalExpensesGrp/TotalAmt01562034
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0394933
IRS990/TotalLiabilitiesEOYAmt0389735
IRS990/TotalLiabilitiesGrp/BOYAmt0394933
IRS990/TotalLiabilitiesGrp/EOYAmt0389735
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt043919312
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt044298699
IRS990/TotalProgramServiceRevenueAmt01192817
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01847891
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01847891
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt044314245
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt044688434
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.AEROQUIPCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA K ROBINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05177892890
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AEROQUIP CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0AERO
ReturnHeader/Filer/EIN0382343676
ReturnHeader/Filer/PhoneNum05177892890
ReturnHeader/Filer/USAddress/AddressLine1Txt0901 PLYMOUTH STREET
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DD88F3AA8074BB3C30EF4462118731E659459A65
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DD88F3AA8074BB3C30EF4462118731E659459A65
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.247.12.121
ReturnHeader/FilingSecurityInformation/IPDt02018-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:43:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382912625
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHULTZ & SONNENBERG PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03343 SPRING ARBOR ROAD STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049203
ReturnHeader/PreparerPersonGrp/PhoneNum05177898185
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN A SCHULTZ
ReturnHeader/ReturnTs02018-05-10T12:43:54-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$44,688,434
Liabilities
$389,735
Net assets
$44,298,699
Revenue
$1,847,891
Expenses
$1,562,034
Net income
$285,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$50.5$0.44$50.1$2.63$2.44$0.19
2023Detailed filing. Detailed filing data is available for this year.$51.0$0.97$50.0$2.22$2.02$0.20
2022Detailed filing. Detailed filing data is available for this year.$54.1$0.43$53.7$2.01$2.08$0.08
2021Detailed filing. Detailed filing data is available for this year.$55.1$0.46$54.6$1.91$1.93$0.01
2020Detailed filing. Detailed filing data is available for this year.$51.5$0.37$51.1$2.04$1.82$0.22
2019Detailed filing. Detailed filing data is available for this year.$44.6$0.28$44.3$2.13$1.91$0.22
2018Detailed filing. Detailed filing data is available for this year.$44.9$0.30$44.6$2.00$1.76$0.24
2017Detailed filing. Detailed filing data is available for this year.$44.7$0.39$44.3$1.85$1.56$0.29
2016Detailed filing. Detailed filing data is available for this year.$44.3$0.39$43.9$1.76$1.68$0.08
2015Detailed filing. Detailed filing data is available for this year.$44.3$0.17$44.1$1.77$1.46$0.31
2014Detailed filing. Detailed filing data is available for this year.$43.0$0.25$42.8$1.67$1.61$0.06
2013Detailed filing. Detailed filing data is available for this year.$40.8$0.21$40.6$1.68$1.53$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.6$0.31$39.3$2.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.8$0.17$38.6$2.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.7$0.54$37.2$2.05