Civic Intelligence

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

990 • Fiscal year 2014 • EIN 38-6076565

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

Organization Profilewww.cuplus.net
415 Washington AveBay City, MI 48708

(989) 893-2831

Siviq Scores

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

Liabilities / Assets

61st percentile

0.89x

Higher debt load relative to assets than 61% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

32nd percentile

17.48x

Higher debt load relative to revenue than 32% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

93rd percentile

22%

Higher net margin than 93% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

20th percentile

$73,913

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

9th percentile

-3.5%

Faster asset growth than 9% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

39th percentile

-2.2%

Faster revenue growth than 39% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$38,488,335

Down $1,383,060 (-3.5%) from 2013

Net Assets

Up

$4,194,843

Up $429,794 (+11%) from 2013

Liabilities

Down

$34,293,492

Down $1,812,854 (-5.0%) from 2013

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin93rd percentile

Revenue

Down

$1,961,481

Down $43,516 (-2.2%) from 2013

Expenses

Down

$1,529,172

Down $1,005,292 (-40%) from 2013

Net Income

Up

$432,309

Up $961,776 (+182%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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 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

2014

Assets$38,488,335
Liabilities$34,293,492
Net Assets$4,194,843
Open 2014 Filing

Operations Trend

Revenue Growth39th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,437,4762010Revenue 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

2014

Revenue$1,961,481
Expenses$1,529,172
Net Income$432,309
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$1,961,481
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$21,107,492$19,512,695▼ $1,594,797
Investments Other Securities$9,247,696$12,366,974▲ $3,119,278
Rtn Earn Endowment Incm Other Fnds$3,765,049$4,194,843▲ $429,794
Savings and Temporary Cash Investments$7,031,470$4,188,264▼ $2,843,206
Land, Buildings, and Equipment, Net$1,006,532$937,762▼ $68,770
Cash and Non-Interest-Bearing Accounts$556,878$476,351▼ $80,527
Prepaid Expenses and Deferred Charges$39,535$28,385▼ $11,150
Accounts Receivable$2,873$0▼ $2,873
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$39,871,395$38,488,335▼ $1,383,060
Other Assets Total$878,919$977,904▲ $98,985
Liabilities
Other Liabilities$35,610,826$34,027,936▼ $1,582,890
Accounts Payable and Accrued Expenses$495,520$265,556▼ $229,964
Total Liabilities$36,106,346$34,293,492▼ $1,812,854
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,765,049$4,194,843▲ $429,794
Total Liabilities and Net Assets / Fund Balance$39,871,395$38,488,335▼ $1,383,060

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$680,058$703,352$1,383,410
Other Land Buildings$59,608$629,305$688,913
Land$197,128-$197,128
Leasehold Improvements$968$49,260$50,228
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Justin EbelCEOFT$73,913$73,913

Board Members and Trustees

NameTitle
Joseph DavisChairman
Keith MarkstromVice Chair
Terrence KelleyDirector
Michael JamrogSecretary
Mark JankeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,722,906
Investment Income
$238,575
Other Revenue
$0
Change in Net Assets
$432,309

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,961,481
Total Revenue per Audited Statements
$1,961,481
Total Revenue per Form 990
$1,961,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$910,974
Salaries, Compensation, and Employee Benefits$618,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$437,511
Office Expenses---$296,565
Occupancy---$204,981
Other Employee Benefits---$106,774
Interest---$86,872
Current Officers, Directors, Trustees, and Key Employees---$73,913
Advertising---$36,786
Other Expenses---$26,397
Travel---$7,975
Depreciation Depletion---$1,487
All Other Expenses---$-154,675
Total Functional Expenses$0$0$0$1,529,172

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,529,172
Total Expenses per Audited Statements$1,529,172
Total Expenses per Form 990$1,529,172
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 Share Accounts$26,496,973
Member Deposit Accounts$7,530,963
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

“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 and the Board review the tax returns then forward US Form 8879-EO to tax preparer.”

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. Monthly 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
Credit Union Plus
EIN
38-6076565
Phone
9898932831
Address
415 Washington Ave, Bay City, MI 48708

Signing Officer

Name
Justin Ebel
Title
CEO
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Ebel
Formed
1963
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
30
Volunteers
6

Preparer

Firm
Financial Standards Group Inc
Address
3615 NEWBURG ROAD, LOUISVILLE, KY 40218
Preparer
Robin Rivers
Phone
8005225820
Raw XML Appendix388 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0495520
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0265556
IRS990/AccountsReceivableGrp/BOYAmt02873
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide financial services and products to members.
IRS990/AdvertisingGrp/TotalAmt036786
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt0-154675
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Justin Ebel
IRS990/BooksInCareOfDetail/PhoneNum09898932831
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0415 Washington Ave
IRS990/BooksInCareOfDetail/USAddress/CityNm0Bay City
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0487085712
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0556878
IRS990/CashNonInterestBearingGrp/EOYAmt0476351
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt073913
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0238575
IRS990/CYOtherExpensesAmt0910974
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01722906
IRS990/CYRevenuesLessExpensesAmt0432309
IRS990/CYSalariesCompEmpBnftPaidAmt0618198
IRS990/CYTotalExpensesAmt01529172
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01961481
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt01487
IRS990/Desc0The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2014 was 5,447.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt030
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Joseph Davis
IRS990/Form990PartVIISectionAGrp/PersonNm1Keith Markstrom
IRS990/Form990PartVIISectionAGrp/PersonNm2Mark Janke
IRS990/Form990PartVIISectionAGrp/PersonNm3Michael Jamrog
IRS990/Form990PartVIISectionAGrp/PersonNm4Terrence Kelley
IRS990/Form990PartVIISectionAGrp/PersonNm5Justin Ebel
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt573913
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5CEO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01963
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01961481
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt086872
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0238575
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0238575
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt09247696
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt012366974
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt0713
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01381917
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01006532
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0937762
IRS990/LandBldgEquipCostOrOtherBssAmt02319679
IRS990/LegalDomicileStateCd0MI
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide financial services and products to members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03765049
IRS990/NetAssetsOrFundBalancesEOYAmt04194843
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2515
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0204981
IRS990/OfficeExpensesGrp/TotalAmt0296565
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0878919
IRS990/OtherAssetsTotalGrp/EOYAmt0977904
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0106774
IRS990/OtherExpensesGrp/Desc0Prof. & Outside Services
IRS990/OtherExpensesGrp/Desc1Loan Servicing Expense
IRS990/OtherExpensesGrp/Desc2Non-Operating Expense
IRS990/OtherExpensesGrp/Desc3Loss on Disp. of Assets
IRS990/OtherExpensesGrp/TotalAmt0254148
IRS990/OtherExpensesGrp/TotalAmt1115862
IRS990/OtherExpensesGrp/TotalAmt234576
IRS990/OtherExpensesGrp/TotalAmt326397
IRS990/OtherLiabilitiesGrp/BOYAmt035610826
IRS990/OtherLiabilitiesGrp/EOYAmt034027936
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0437511
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt021107492
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt019512695
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039535
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028385
IRS990/PrincipalOfficerNm0Justin Ebel
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/Desc0Debit Card Interchange
IRS990/ProgramServiceRevenueGrp/Desc1Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc2Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc3Visa Interchange
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt094839
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1273579
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21298257
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt356231
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt094839
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1273579
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21298257
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt356231
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 12/31/2014 was 2,279.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0187232
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01863061
IRS990/PYOtherRevenueAmt012487
IRS990/PYProgramServiceRevenueAmt01805278
IRS990/PYRevenuesLessExpensesAmt0-529467
IRS990/PYSalariesCompEmpBnftPaidAmt0671403
IRS990/PYTotalExpensesAmt02534464
IRS990/PYTotalRevenueAmt02004997
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0432309
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03765049
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04194843
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07031470
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04188264
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0680058
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0703352
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01383410
IRS990ScheduleD/ExpensesSubtotalAmt01529172
IRS990ScheduleD/LandGrp/BookValueAmt0197128
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0197128
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0968
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt049260
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt050228
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt059608
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0629305
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0688913
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07530963
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt126496973
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposit Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Share Accounts
IRS990ScheduleD/RevenueSubtotalAmt01961481
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0937762
IRS990ScheduleD/TotalBookValueSecuritiesAmt012366974
IRS990ScheduleD/TotalExpensesPerForm990Amt01529172
IRS990ScheduleD/TotalLiabilityAmt034027936
IRS990ScheduleD/TotalRevenuePerForm990Amt01961481
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01961481
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01529172
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 and the Board review the tax returns then forward US Form 8879-EO to tax preparer.
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. Monthly 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
IRS990/TotalAssetsBOYAmt039871395
IRS990/TotalAssetsEOYAmt038488335
IRS990/TotalAssetsGrp/BOYAmt039871395
IRS990/TotalAssetsGrp/EOYAmt038488335
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01529172
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036106346
IRS990/TotalLiabilitiesEOYAmt034293492
IRS990/TotalLiabilitiesGrp/BOYAmt036106346
IRS990/TotalLiabilitiesGrp/EOYAmt034293492
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03765049
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04194843
IRS990/TotalProgramServiceRevenueAmt01722906
IRS990/TotalReportableCompFromOrgAmt073913
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01961481
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01961481
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt039871395
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt038488335
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt07975
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0415 Washington Ave
IRS990/USAddress/CityNm0Bay City
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd0487085712
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.cuplus.net
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Justin Ebel
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Credit Union Plus
ReturnHeader/Filer/BusinessNameControlTxt0CRED
ReturnHeader/Filer/EIN0386076565
ReturnHeader/Filer/PhoneNum09898932831
ReturnHeader/Filer/USAddress/AddressLine1Txt0415 Washington Ave
ReturnHeader/Filer/USAddress/CityNm0Bay City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048708
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03615 NEWBURG ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040218
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robin Rivers
ReturnHeader/ReturnTs02015-05-13T06:38:44-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$38,488,335
Liabilities
$34,293,492
Net assets
$4,194,843
Revenue
$1,961,481
Expenses
$1,529,172
Net income
$432,309
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.8$36.4$4.48$1.92$1.64$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.3$35.1$4.22$1.84$1.80$0.04
2014Detailed filing. Detailed filing data is available for this year.$38.5$34.3$4.19$1.96$1.53$0.43
2013Detailed filing. Detailed filing data is available for this year.$39.9$36.1$3.77$2.00$2.53$0.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.8$36.5$4.32$2.05
2011Summary only. Only limited summary data is available for this year.$39.2$34.9$4.31$2.01$2.31$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.5$32.8$4.63$2.44