Civic Intelligence

Credit Unions Chartered in the State of Michigan 1000 Credit Union Plus

990 • Fiscal year 2011 • EIN 38-6076565

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 15, 2012

415 Washington Ave48708
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$39,206,878

Flat from 2011

Net Assets

Flat

$4,312,862

Flat from 2011

Liabilities

Flat

$34,894,016

Flat from 2011

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$2,313,151

Flat from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $37,477,505Liabilities 2010: $32,848,484Net Assets 2010: $4,629,0212010Assets 2011: $39,206,878Liabilities 2011: $34,894,016Net Assets 2011: $4,312,8622011Assets 2011: $39,206,878Liabilities 2011: $34,894,016Net Assets 2011: $4,312,8622011Assets 2012: $40,824,539Liabilities 2012: $36,507,287Net Assets 2012: $4,317,2522012Assets 2013: $39,871,395Liabilities 2013: $36,106,346Net Assets 2013: $3,765,0492013Assets 2014: $38,488,335Liabilities 2014: $34,293,492Net Assets 2014: $4,194,8432014Assets 2015: $39,316,586Liabilities 2015: $35,091,715Net Assets 2015: $4,224,8712015Assets 2016: $40,846,870Liabilities 2016: $36,362,833Net Assets 2016: $4,484,0372016

Highlighted filing

2011

Assets$39,206,878
Liabilities$34,894,016
Net Assets$4,312,862

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,437,4762010Expenses 2011: $2,313,1512011Revenue 2011: $2,006,049Expenses 2011: $2,313,151Net Income 2011: -$307,1022011Expenses 2012: $2,052,0522012Revenue 2013: $2,004,997Expenses 2013: $2,534,464Net Income 2013: -$529,4672013Revenue 2014: $1,961,481Expenses 2014: $1,529,172Net Income 2014: $432,3092014Revenue 2015: $1,839,229Expenses 2015: $1,799,040Net Income 2015: $40,1892015Revenue 2016: $1,919,408Expenses 2016: $1,640,777Net Income 2016: $278,6312016

Highlighted filing

2011

Revenue-
Expenses$2,313,151
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 15, 2012
Return Version
2011v1.2
Gross Receipts
$2,460,373
Mission and Program Overview

Mission

Provide financial services and products to members.

Major Activities

Activity 2
Provide 2,425 Vehicle, Line of Credit, Real Estate, Business, Credit Card and various other loans.
Activity 3
Offer ATM, Electronic Banking, Overdraft Protection, Travelers Checks, Money Orders, Debit Cards and insurance programs to all eligible members.
Filing and Contact Details

Filer

EIN
38-6076565
Raw XML AppendixShowing 400 of 463 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/ActivitiesConductedPartnership00
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IRS990/ActivityOrMissionDescription0To provide financial services to member owners with a common bond
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IRS990/Form990PartVIISectionA/NamePerson2Joseph Davis
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IRS990/Form990PartVIISectionA/NamePerson4Kevin Church
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IRS990/Form990PartVIISectionA/Title0President
IRS990/Form990PartVIISectionA/Title1Vice President
IRS990/Form990PartVIISectionA/Title2Secretary
IRS990/Form990PartVIISectionA/Title3Director
IRS990/Form990PartVIISectionA/Title4Director
IRS990/Form990PartVIISectionA/Title5CEO
IRS990/Form990PartVIISectionA/Title6Accounting Manager
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IRS990/MissionDescription0Member owned financial institution focusing on quality products, services, and price-for-value dedicated to the education and improvement of the members financial condition.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0Cathy Dahlbeck
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IRS990/NetUnrelatedBusinessTxblIncome02019
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IRS990/OtherExpensePriorYear01666371
IRS990/OtherExpensesCurrentYear01564892
IRS990/OtherExpenses/Description0Unrelated Business Income Tax
IRS990/OtherExpenses/Description1Loan Servicing
IRS990/OtherExpenses/Description2Provision for Loan Loss
IRS990/OtherExpenses/Description3NCUSIF Stabilization
IRS990/OtherExpenses/Total0-2017
IRS990/OtherExpenses/Total1216533
IRS990/OtherExpenses/Total2188452
IRS990/OtherExpenses/Total388667
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IRS990/ProgramServiceRevenue/Description0Loan Interest
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IRS990ScheduleD/Buildings/BookValue0966210
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0Loss from sale of OREO in Revenue on 990-Exp on FS: $-6,827.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1Loss from sale of OREO in Revenue on 990-Exp on FS: $6,827.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0SchD_P12_S00_L04b
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1SchD_P13_S00_L02d
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0Schedule D, Part XII, Line 4b
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference1Schedule D, Part XIII, Line 2d
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IRS990ScheduleD/InvestmentsProgramRelated/Description0Cen-Corp
IRS990ScheduleD/InvestmentsProgramRelated/Description1Corporate One
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IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis00
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IRS990ScheduleD/OtherLiabilities/Description0Member Shares
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IRS990ScheduleD/OtherSecurities/Description0Investments
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IRS990ScheduleO/GeneralExplanation/Explanation0The credit union has a single class of members with equal rights of ownership, governance and voting.
IRS990ScheduleO/GeneralExplanation/Explanation1Board of Directors are elected by a vote of the membership for a three year term.
IRS990ScheduleO/GeneralExplanation/Explanation2The Form 990 is reviewed by the CEO, then made available for the Board of Directors to review.
IRS990ScheduleO/GeneralExplanation/Explanation3Each year employees are required to disclose account information they are listed as beneficiary on. The CEO reviews the completed disclosures.
IRS990ScheduleO/GeneralExplanation/Explanation4CEO's compensation is determined by the Board of Directors using salary surveys. The Accounting Manager's compensation is determined using an evaluation form that is reviewed by the Board of Directors and CEO. The last compensation reviews were completed in 2011.
IRS990ScheduleO/GeneralExplanation/Explanation5Financial Statements are posted in the Credit Union lobbies. Other documents are available for review upon request.
IRS990ScheduleO/GeneralExplanation/Explanation6Net unrealized loss on investments: $9,057.
IRS990ScheduleO/GeneralExplanation/Identifier0F990_P06_S0A_L06
IRS990ScheduleO/GeneralExplanation/Identifier1F990_P06_S0A_L07a
IRS990ScheduleO/GeneralExplanation/Identifier2F990_P06_S0B_L11b
IRS990ScheduleO/GeneralExplanation/Identifier3F990_P06_S0B_L12c
IRS990ScheduleO/GeneralExplanation/Identifier4F990_P06_S0B_L15
IRS990ScheduleO/GeneralExplanation/Identifier5F990_P06_S0C_L19
IRS990ScheduleO/GeneralExplanation/Identifier6F990_P11_S00_L05
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part XI, Line 5
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IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10Credit Union Plus
IRS990/TheBooksAreInCareOf/TelephoneNumber09898932831
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IRS990/TotalLiabilitiesEOY034894016
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IRS990/TotalLiabNetAssetsFundBalances/EOY039206878

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