Civic Intelligence

Credit Unions Chartered in the State of Michigan

990 • Fiscal year 2014 • EIN 38-6119310

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 30, 2015

Organization Profilewww.myrivervalleycu.org

View Organization Page

7130 Fulton St EAda, MI 49301

(616) 787-7481

Siviq Scores

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

Liabilities / Assets

77th percentile

0.91x

Higher debt load relative to assets than 77% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

22.66x

Higher debt load relative to revenue than 76% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Net Margin

39th percentile

8.0%

Higher net margin than 39% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$113,846

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Asset Growth

97th percentile

16%

Faster asset growth than 97% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

65th percentile

2.2%

Faster revenue growth than 65% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$83,364,617

Up $11,669,763 (+16%) from 2013

Net Assets

Up

$7,638,464

Up $833,794 (+12%) from 2013

Liabilities

Up

$75,726,153

Up $10,835,969 (+17%) from 2013

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin39th percentile

Revenue

Up

$3,341,624

Up $73,112 (+2.2%) from 2013

Expenses

Up

$3,073,481

Up $186,625 (+6.5%) from 2013

Net Income

Down

$268,143

Down $113,513 (-30%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2014

Assets$83,364,617
Liabilities$75,726,153
Net Assets$7,638,464
Open 2014 Filing

Operations Trend

Revenue Growth65th 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

2014

Revenue$3,341,624
Expenses$3,073,481
Net Income$268,143
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 30, 2015
Return Version
2014v5.0
Gross Receipts
$3,341,624
Mission and Program Overview

Mission

Provide financial services and products to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$36,603,650$43,912,294▲ $7,308,644
Investments Other Securities$13,696,800$19,538,381▲ $5,841,581
Savings and Temporary Cash Investments$14,650,989$13,006,194▼ $1,644,795
Rtn Earn Endowment Incm Other Fnds$6,804,670$7,638,464▲ $833,794
Cash and Non-Interest-Bearing Accounts$1,606,483$1,457,905▼ $148,578
Land, Buildings, and Equipment, Net$1,451,122$1,380,096▼ $71,026
Prepaid Expenses and Deferred Charges$242,818$400,360▲ $157,542
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$71,694,854$83,364,617▲ $11,669,763
Other Assets Total$3,442,992$3,669,387▲ $226,395
Liabilities
Other Liabilities$64,786,142$75,224,234▲ $10,438,092
Accounts Payable and Accrued Expenses$104,042$501,919▲ $397,877
Total Liabilities$64,890,184$75,726,153▲ $10,835,969
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,804,670$7,638,464▲ $833,794
Total Liabilities and Net Assets / Fund Balance$71,694,854$83,364,617▲ $11,669,763

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$754,957$298,360$1,053,317
Leasehold Improvements$99,561$627,659$727,220
Other Land Buildings$61,040$455,549$516,589
Land$464,538-$464,538
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Janelle FrankeCEO & TreasurerFT$113,846$113,846

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
CU AnswersData Processing600 28th Street SE Suite 100, Grand Rapids, MI 49546$292,496
Vantiv Holding LLCElectr Paymnts Proc8500 Governors Hill Dr, Symmes Township, OH 45249$291,779
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,032,989
Investment Income
$231,981
Other Revenue
$76,654
Change in Net Assets
$268,143
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,769,155
Salaries, Compensation, and Employee Benefits$1,304,326
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$847,817
Information Technology---$260,975
Office Expenses---$212,767
Other Employee Benefits---$194,341
Depreciation Depletion---$143,229
Interest---$141,781
Current Officers, Directors, Trustees, and Key Employees---$113,846
Occupancy---$111,466
All Other Expenses---$91,655
Payroll Taxes---$76,696
Fees for Services Legal---$72,935
Pension Plan Contributions---$71,626
Advertising---$62,612
Other Expenses---$52,383
Travel---$37,583
Insurance---$37,032
Fees for Services Accounting---$19,440
Total Functional Expenses$0$0$0$3,073,481
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$39,865,695
Member Deposit Accounts$35,358,539
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

Filer Name
River Valley Credit Union
EIN
38-6119310
Phone
6167877481
Address
7130 Fulton St E, Ada, MI 49301

Signing Officer

Name
Janelle Franke
Title
CEO & Treasurer
Signed
2015-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janelle Franke
Formed
1965
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
8
Employees
34
Volunteers
13

Preparer

Firm
Financial Standards Group Inc
Address
3615 NEWBURG ROAD, LOUISVILLE, KY 40218
Preparer
Robin Rivers
Phone
8005225820
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Transfer from Other Reserves = $344691”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Transfer to Regular Reserves = $51313”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Transfer to Undivided Earnings = $169647”

Raw XML AppendixShowing 400 of 449 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/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01381568
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01451122
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01380096
IRS990/LandBldgEquipCostOrOtherBssAmt02761664
IRS990/LegalDomicileStateCd0MI
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide financial services and products to members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06804670
IRS990/NetAssetsOrFundBalancesEOYAmt07638464
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-44468
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0111466
IRS990/OfficeExpensesGrp/TotalAmt0212767
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt03442992
IRS990/OtherAssetsTotalGrp/EOYAmt03669387
IRS990/OtherChangesInNetAssetsAmt0565651
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0194341
IRS990/OtherExpensesGrp/Desc0Debit Card Expense
IRS990/OtherExpensesGrp/Desc1Loan Servicing Expenses
IRS990/OtherExpensesGrp/Desc2ATM Expense
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/TotalAmt0223015
IRS990/OtherExpensesGrp/TotalAmt1201444
IRS990/OtherExpensesGrp/TotalAmt2100838
IRS990/OtherExpensesGrp/TotalAmt352383
IRS990/OtherLiabilitiesGrp/BOYAmt064786142
IRS990/OtherLiabilitiesGrp/EOYAmt075224234
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/BusinessCd1524298
IRS990/OtherRevenueMiscGrp/BusinessCd2525990
IRS990/OtherRevenueMiscGrp/Desc0ATM Surcharge
IRS990/OtherRevenueMiscGrp/Desc1Insurance Reimbursements
IRS990/OtherRevenueMiscGrp/Desc2Sprint Reimbursements
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt044314
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010280
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt165338
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21036
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt010280
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt121024
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt21036
IRS990/OtherRevenueTotalAmt076654
IRS990/OtherSalariesAndWagesGrp/TotalAmt0847817
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt036603650
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt043912294
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt076696
IRS990/PensionPlanContributionsGrp/TotalAmt071626
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0242818
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0400360
IRS990/PrincipalOfficerNm0Janelle Franke
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0Interchange Income
IRS990/ProgramServiceRevenueGrp/Desc1Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc2Other Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc3Share & Overdraft Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0461935
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12007119
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2250882
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3313053
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0461935
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12007119
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2250882
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3313053
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 7,475 .
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01570619
IRS990/PYOtherRevenueAmt074144
IRS990/PYProgramServiceRevenueAmt03194368
IRS990/PYRevenuesLessExpensesAmt0381656
IRS990/PYSalariesCompEmpBnftPaidAmt01316237
IRS990/PYTotalExpensesAmt02886856
IRS990/PYTotalRevenueAmt03268512
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0268143
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06804670
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07638464
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014650989
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013006194
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0754957
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0298360
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01053317
IRS990ScheduleD/LandGrp/BookValueAmt0464538
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0464538
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt099561
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0627659
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0727220
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt061040
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0455549
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0516589
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt035358539
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt139865695
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposit Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Share Accounts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01380096
IRS990ScheduleD/TotalBookValueSecuritiesAmt019538381
IRS990ScheduleD/TotalLiabilityAmt075224234
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/ExplanationTxt7Transfer from Other Reserves = $344691
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Transfer to Regular Reserves = $51313
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Transfer to Undivided Earnings = $169647
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt071694854
IRS990/TotalAssetsEOYAmt083364617
IRS990/TotalAssetsGrp/BOYAmt071694854
IRS990/TotalAssetsGrp/EOYAmt083364617
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03073481
IRS990/TotalGrossUBIAmt032340
IRS990/TotalLiabilitiesBOYAmt064890184
IRS990/TotalLiabilitiesEOYAmt075726153
IRS990/TotalLiabilitiesGrp/BOYAmt064890184
IRS990/TotalLiabilitiesGrp/EOYAmt075726153

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$83,364,617
Liabilities
$75,726,153
Net assets
$7,638,464
Revenue
$3,341,624
Expenses
$3,073,481
Net income
$268,143
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
2014Detailed filing. Detailed filing data is available for this year.$83.4$75.7$7.64$3.34$3.07$0.27
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$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
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