Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2013 • EIN 38-6119310

Jan 01, 2013 to Dec 31, 2013 • Filed on May 09, 2014

Organization Profilewww.myrivervalleycu.org

View Organization Page

PO Box 493Ada, MI 49301

(616) 787-7481

Siviq Scores

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

Liabilities / Assets

68th percentile

0.91x

Higher debt load relative to assets than 68% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

65th percentile

19.85x

Higher debt load relative to revenue than 65% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

48th percentile

$126,034

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

75th percentile

5.0%

Faster asset growth than 75% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

46th percentile

4.3%

Faster revenue growth than 46% of similar nonprofits.

2013 filings • $50M-$100M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$71,694,854

Up $3,396,886 (+5.0%) from 2012

Net Assets

Up

$6,804,670

Up $381,656 (+5.9%) from 2012

Liabilities

Up

$64,890,184

Up $3,015,230 (+4.9%) from 2012

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin63rd percentile

Revenue

Up

$3,268,512

Up $135,349 (+4.3%) from 2012

Expenses

Up

$2,886,856

Up $184,625 (+6.8%) from 2012

Net Income

Down

$381,656

Down $49,276 (-11%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$150M$100M$50M$0Assets 2010: $58,806,190Liabilities 2010: $53,062,172Net Assets 2010: $5,744,0182010Assets 2011: $64,595,352Liabilities 2011: $58,603,270Net Assets 2011: $5,992,0822011Assets 2012: $68,297,968Liabilities 2012: $61,874,954Net Assets 2012: $6,423,0142012Assets 2013: $71,694,854Liabilities 2013: $64,890,184Net Assets 2013: $6,804,6702013Assets 2014: $83,364,617Liabilities 2014: $75,726,153Net Assets 2014: $7,638,4642014Assets 2015: $84,833,543Liabilities 2015: $76,868,741Net Assets 2015: $7,964,8022015Assets 2016: $89,955,004Liabilities 2016: $83,362,156Net Assets 2016: $6,592,8482016Assets 2017: $89,464,269Liabilities 2017: $82,246,723Net Assets 2017: $7,217,5462017Assets 2018: $91,555,314Liabilities 2018: $83,816,523Net Assets 2018: $7,738,7912018Assets 2019: $92,161,008Liabilities 2019: $83,651,730Net Assets 2019: $8,509,2782019Assets 2020: $112,413,060Liabilities 2020: $104,175,095Net Assets 2020: $8,237,9652020Assets 2021: $126,081,454Liabilities 2021: $116,746,471Net Assets 2021: $9,334,9832021Assets 2022: $128,937,343Liabilities 2022: $117,373,484Net Assets 2022: $11,563,8592022Assets 2023: $120,399,657Liabilities 2023: $107,571,390Net Assets 2023: $12,828,2672023

Highlighted filing

2013

Assets$71,694,854
Liabilities$64,890,184
Net Assets$6,804,670
Open 2013 Filing

Operations Trend

Revenue Growth46th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,024,2212010Expenses 2011: $2,732,9172011Revenue 2012: $3,133,163Expenses 2012: $2,702,231Net Income 2012: $430,9322012Revenue 2013: $3,268,512Expenses 2013: $2,886,856Net Income 2013: $381,6562013Revenue 2014: $3,341,624Expenses 2014: $3,073,481Net Income 2014: $268,1432014Revenue 2015: $3,977,819Expenses 2015: $3,651,481Net Income 2015: $326,3382015Revenue 2016: $4,179,922Expenses 2016: $5,551,876Net Income 2016: -$1,371,9542016Revenue 2017: $4,404,689Expenses 2017: $3,779,991Net Income 2017: $624,6982017Revenue 2018: $4,642,594Expenses 2018: $4,121,349Net Income 2018: $521,2452018Revenue 2019: $4,886,643Expenses 2019: $4,116,156Net Income 2019: $770,4872019Revenue 2020: $4,765,360Expenses 2020: $5,036,673Net Income 2020: -$271,3132020Revenue 2021: $4,948,974Expenses 2021: $3,851,956Net Income 2021: $1,097,0182021Revenue 2022: $6,576,697Expenses 2022: $4,347,821Net Income 2022: $2,228,8762022Revenue 2023: $6,251,594Expenses 2023: $4,907,186Net Income 2023: $1,344,4082023

Highlighted filing

2013

Revenue$3,268,512
Expenses$2,886,856
Net Income$381,656
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 9, 2014
Return Version
2013v3.1
Gross Receipts
$3,268,512
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$34,891,807$36,603,650▲ $1,711,843
Savings and Temporary Cash Investments$13,834,046$14,650,989▲ $816,943
Investments Other Securities$13,993,800$13,696,800▼ $297,000
Rtn Earn Endowment Incm Other Fnds$6,423,014$6,804,670▲ $381,656
Cash and Non-Interest-Bearing Accounts$1,296,379$1,606,483▲ $310,104
Land, Buildings, and Equipment, Net$1,570,534$1,451,122▼ $119,412
Prepaid Expenses and Deferred Charges$151,690$242,818▲ $91,128
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$68,297,968$71,694,854▲ $3,396,886
Other Assets Total$2,559,712$3,442,992▲ $883,280
Liabilities
Other Liabilities$61,692,644$64,786,142▲ $3,093,498
Accounts Payable and Accrued Expenses$182,310$104,042▼ $78,268
Total Liabilities$61,874,954$64,890,184▲ $3,015,230
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,423,014$6,804,670▲ $381,656
Total Liabilities and Net Assets / Fund Balance$68,297,968$71,694,854▲ $3,396,886

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$779,093$272,149$1,051,242
Leasehold Improvements$164,647$552,573$717,220
Other Land Buildings$42,844$443,313$486,157
Land$464,538-$464,538
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janelle HiggisonCEO & TreasurerFT$117,860$8,174$126,034

Board Members and Trustees

NameTitle
Barbara PearsonChairperson
Jim De KorteVice Chair
Barbara CooperDirector
James DetrickDirector
James SwigartDirector
Joan WilliamsonDirector
Stephanie BirmanDirector
Judy BealSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
CU AnswersData Processing-$293,454
Vantiv Holding LLCElectr Paymnts Proc-$248,907
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,194,368
Investment Income
$0
Other Revenue
$74,144
Change in Net Assets
$381,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,570,619
Salaries, Compensation, and Employee Benefits$1,316,237
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$842,326
Information Technology---$283,138
Other Employee Benefits---$209,783
Office Expenses---$161,315
Interest---$154,160
Depreciation Depletion---$134,710
Current Officers, Directors, Trustees, and Key Employees---$126,034
Occupancy---$116,606
Payroll Taxes---$79,654
All Other Expenses---$65,745
Pension Plan Contributions---$58,440
Other Expenses---$54,396
Advertising---$53,437
Insurance---$35,620
Fees for Services Accounting---$31,869
Fees for Services Legal---$30,513
Travel---$22,303
Total Functional Expenses$0$0$0$2,886,856
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$33,890,887
Member Deposit Accounts$30,895,255
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 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 15B: Compensation Review and Approval Process for Officers and Key Employees

“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

EIN
38-6119310
Phone
6167877481

Signing Officer

Name
Janelle Higgison
Title
CEO & Treasurer
Signed
2014-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janelle Higgison
Formed
1965
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
8
Employees
33
Volunteers
9

Preparer

Preparer
Robin Rivers
Phone
8005225820
Raw XML AppendixShowing 400 of 439 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/BOYAmt0182310
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0104042
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide financial services and products to members.
IRS990/AdvertisingGrp/TotalAmt053437
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt065745
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Janelle Higgison
IRS990/BooksInCareOfDetail/PhoneNum06167877481
IRS990/BooksInCareOfDetail/USAddress/AddressLine10PO Box 493
IRS990/BooksInCareOfDetail/USAddress/City0Ada
IRS990/BooksInCareOfDetail/USAddress/State0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCode049301
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01296379
IRS990/CashNonInterestBearingGrp/EOYAmt01606483
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0126034
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0293454
IRS990/ContractorCompensationGrp/CompensationAmt1248907
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine10600 28th Street SE Suite 100
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine118500 Governors Hill Dr
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City0Grand Rapids
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City1Symmes Township
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State0MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State1OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode049546
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode145249
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine10CU Answers
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine11Vantiv Holding LLC
IRS990/ContractorCompensationGrp/ServicesDesc0Data Processing
IRS990/ContractorCompensationGrp/ServicesDesc1Electr Paymnts Proc
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01570619
IRS990/CYOtherRevenueAmt074144
IRS990/CYProgramServiceRevenueAmt03194368
IRS990/CYRevenuesLessExpensesAmt0381656
IRS990/CYSalariesCompEmpBnftPaidAmt01316237
IRS990/CYTotalExpensesAmt02886856
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03268512
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0134710
IRS990/Desc0The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2013 was 10,344.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt033
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt031869
IRS990/FeesForServicesLegalGrp/TotalAmt030513
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/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt88174
IRS990/Form990PartVIISectionAGrp/PersonNm0Barbara Pearson
IRS990/Form990PartVIISectionAGrp/PersonNm1Jim De Korte
IRS990/Form990PartVIISectionAGrp/PersonNm2Judy Beal
IRS990/Form990PartVIISectionAGrp/PersonNm3Stephanie Birman
IRS990/Form990PartVIISectionAGrp/PersonNm4Barbara Cooper
IRS990/Form990PartVIISectionAGrp/PersonNm5James Detrick
IRS990/Form990PartVIISectionAGrp/PersonNm6Joan Williamson
IRS990/Form990PartVIISectionAGrp/PersonNm7James Swigart
IRS990/Form990PartVIISectionAGrp/PersonNm8Janelle Higgison
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8117860
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO & Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03268512
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0283138
IRS990/InsuranceGrp/TotalAmt035620
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0154160
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt013993800
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt013696800
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt07618
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01268035
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01570534
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01451122
IRS990/LandBldgEquipCostOrOtherBssAmt02719157
IRS990/LegalDomicileStateCd0MI
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt03466
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt03466
IRS990/MissionDesc0Provide financial services and products to members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06423014
IRS990/NetAssetsOrFundBalancesEOYAmt06804670
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-4876
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0116606
IRS990/OfficeExpensesGrp/TotalAmt0161315
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02559712
IRS990/OtherAssetsTotalGrp/EOYAmt03442992
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0209783
IRS990/OtherExpensesGrp/Desc0Debit Card Expense
IRS990/OtherExpensesGrp/Desc1Loan Servicing Expenses
IRS990/OtherExpensesGrp/Desc2ATM Expense
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/TotalAmt0204905
IRS990/OtherExpensesGrp/TotalAmt1145580
IRS990/OtherExpensesGrp/TotalAmt276322
IRS990/OtherExpensesGrp/TotalAmt354396
IRS990/OtherLiabilitiesGrp/BOYAmt061692644
IRS990/OtherLiabilitiesGrp/EOYAmt064786142
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/BusinessCd1524298
IRS990/OtherRevenueMiscGrp/BusinessCd2524298
IRS990/OtherRevenueMiscGrp/Desc0ATM Surcharge
IRS990/OtherRevenueMiscGrp/Desc1GAP insurance Income
IRS990/OtherRevenueMiscGrp/Desc2Insurance Reimbursements
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014250
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt120397
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010327
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt114250
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt246101
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt010327
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt125704
IRS990/OtherRevenueTotalAmt074144
IRS990/OtherSalariesAndWagesGrp/TotalAmt0842326
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt034891807
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt036603650
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt079654
IRS990/PensionPlanContributionsGrp/TotalAmt058440
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0151690
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0242818
IRS990/PrincipalOfficerNm0Janelle Higgison
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0Accrued\Reimbursed Income
IRS990/ProgramServiceRevenueGrp/Desc1Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc2Interchange Income
IRS990/ProgramServiceRevenueGrp/Desc3Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc4Other Program Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt055001
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1428871
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2448627
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32003887
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4257982
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055001
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1428871
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2448627
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32003887
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4257982
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 12/31/2013 was 5,937 .
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0233312
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01416173
IRS990/PYOtherRevenueAmt075130
IRS990/PYProgramServiceRevenueAmt02824721
IRS990/PYRevenuesLessExpensesAmt0430932
IRS990/PYSalariesCompEmpBnftPaidAmt01286058
IRS990/PYTotalExpensesAmt02702231
IRS990/PYTotalRevenueAmt03133163
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0381656
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06423014
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06804670
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013834046
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014650989
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0779093
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0272149
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01051242
IRS990ScheduleD/LandGrp/BookValueAmt0464538
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0464538
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0164647
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0552573
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0717220
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt042844
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0443313
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0486157
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030895255
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt133890887
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposit Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Share Accounts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01451122
IRS990ScheduleD/TotalBookValueSecuritiesAmt013696800
IRS990ScheduleD/TotalLiabilityAmt064786142
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 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 15b: Compensation Review and Approval Process for Officers and Key Employees
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/TotalAssetsBOYAmt068297968
IRS990/TotalAssetsEOYAmt071694854
IRS990/TotalAssetsGrp/BOYAmt068297968
IRS990/TotalAssetsGrp/EOYAmt071694854
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02886856
IRS990/TotalGrossUBIAmt039497
IRS990/TotalLiabilitiesBOYAmt061874954
IRS990/TotalLiabilitiesEOYAmt064890184
IRS990/TotalLiabilitiesGrp/BOYAmt061874954
IRS990/TotalLiabilitiesGrp/EOYAmt064890184
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06423014
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06804670
IRS990/TotalOtherCompensationAmt08174
IRS990/TotalProgramServiceRevenueAmt03194368
IRS990/TotalReportableCompFromOrgAmt0117860
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03229015
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03268512
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt039497
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt068297968
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt071694854

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,694,854
Liabilities
$64,890,184
Net assets
$6,804,670
Revenue
$3,268,512
Expenses
$2,886,856
Net income
$381,656
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$120$108$12.8$6.25$4.91$1.34
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$117$11.6$6.58$4.35$2.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$126$117$9.33$4.95$3.85$1.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$104$8.24$4.77$5.04$0.27
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$92.2$83.7$8.51$4.89$4.12$0.77
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.6$83.8$7.74$4.64$4.12$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.5$82.2$7.22$4.40$3.78$0.62
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.0$83.4$6.59$4.18$5.55$1.37
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$84.8$76.9$7.96$3.98$3.65$0.33
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.4$75.7$7.64$3.34$3.07$0.27
2013Detailed filing. Detailed filing data is available for this year.$71.7$64.9$6.80$3.27$2.89$0.38
2012Summary only. Only limited summary data is available for this year.$68.3$61.9$6.42$3.13$2.70$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.6$58.6$5.99$2.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.8$53.1$5.74$3.02
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)14 • $50M-$100M nonprofits