Civic Intelligence

First Community Credit Union of Beloit

990 • Fiscal year 2016 • EIN 39-0269470

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

1702 Park AvenueBeloit, WI 53511

(608) 362-9077

Siviq Scores

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

Liabilities / Assets

29th percentile

0.87x

Higher debt load relative to assets than 29% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

35th percentile

16.43x

Higher debt load relative to revenue than 35% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Net Margin

89th percentile

22%

Higher net margin than 89% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

42nd percentile

$186,155

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Asset Growth

88th percentile

10%

Faster asset growth than 88% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

91st percentile

16%

Faster revenue growth than 91% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Up

$132,381,629

Up $12,372,380 (+10%) from 2015

Net Assets

Up

$17,052,458

Up $1,515,982 (+9.8%) from 2015

Liabilities

Up

$115,329,171

Up $10,856,398 (+10%) from 2015

Revenue

Up

$7,018,331

Up $967,643 (+16%) from 2015

Expenses

Up

$5,502,349

Up $832,202 (+18%) from 2015

Net Income

Up

$1,515,982

Up $135,441 (+9.8%) from 2015

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $71,246,447Liabilities 2010: $62,216,329Net Assets 2010: $9,030,1182010Assets 2011: $79,007,969Liabilities 2011: $68,733,199Net Assets 2011: $10,274,7702011Assets 2012: $88,103,116Liabilities 2012: $76,631,547Net Assets 2012: $11,471,5692012Assets 2013: $95,067,180Liabilities 2013: $82,276,299Net Assets 2013: $12,790,8812013Assets 2014: $102,035,983Liabilities 2014: $87,880,048Net Assets 2014: $14,155,9352014Assets 2015: $120,009,249Liabilities 2015: $104,472,773Net Assets 2015: $15,536,4762015Assets 2016: $132,381,629Liabilities 2016: $115,329,171Net Assets 2016: $17,052,4582016Assets 2017: $141,532,534Liabilities 2017: $122,932,175Net Assets 2017: $18,600,3592017Assets 2019: $166,551,882Liabilities 2019: $144,203,641Net Assets 2019: $22,348,2412019Assets 2020: $198,247,870Liabilities 2020: $172,360,991Net Assets 2020: $25,886,8792020Assets 2021: $226,400,035Liabilities 2021: $196,768,980Net Assets 2021: $29,631,0552021

Highlighted filing

2016

Assets$132,381,629
Liabilities$115,329,171
Net Assets$17,052,458

Operations Trend

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

$15M$10M$5.0M$0Expenses 2010: $3,995,9372010Expenses 2011: $3,688,4832011Revenue 2012: $5,437,617Expenses 2012: $4,240,818Net Income 2012: $1,196,7992012Revenue 2013: $5,422,046Expenses 2013: $4,102,734Net Income 2013: $1,319,3122013Revenue 2014: $5,646,514Expenses 2014: $4,281,460Net Income 2014: $1,365,0542014Revenue 2015: $6,050,688Expenses 2015: $4,670,147Net Income 2015: $1,380,5412015Revenue 2016: $7,018,331Expenses 2016: $5,502,349Net Income 2016: $1,515,9822016Revenue 2017: $7,252,916Expenses 2017: $5,721,799Net Income 2017: $1,531,1172017Revenue 2019: $10,317,036Expenses 2019: $8,216,343Net Income 2019: $2,100,6932019Revenue 2020: $11,520,886Expenses 2020: $7,935,530Net Income 2020: $3,585,3562020Revenue 2021: $11,535,690Expenses 2021: $7,791,514Net Income 2021: $3,744,1762021

Highlighted filing

2016

Revenue$7,018,331
Expenses$5,502,349
Net Income$1,515,982
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$7,018,331
Mission and Program Overview

Mission

None

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$107,637,444$118,576,429▲ $10,938,985
Rtn Earn Endowment Incm Other Fnds$15,536,476$17,052,458▲ $1,515,982
Savings and Temporary Cash Investments$3,829,223$4,683,923▲ $854,700
Cash and Non-Interest-Bearing Accounts$2,531,040$2,825,966▲ $294,926
Land, Buildings, and Equipment, Net$2,606,660$2,558,770▼ $47,890
Investments Program Related$1,456,084$1,603,052▲ $146,968
Prepaid Expenses and Deferred Charges$1,132,476$1,335,594▲ $203,118
Accounts Receivable$584,486$545,440▼ $39,046
Total Assets$120,009,249$132,381,629▲ $12,372,380
Other Assets Total$231,836$252,455▲ $20,619
Liabilities
Other Liabilities$103,928,319$114,647,995▲ $10,719,676
Accounts Payable and Accrued Expenses$544,454$681,176▲ $136,722
Total Liabilities$104,472,773$115,329,171▲ $10,856,398
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,536,476$17,052,458▲ $1,515,982
Total Liabilities and Net Assets / Fund Balance$120,009,249$132,381,629▲ $12,372,380

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,891,470$1,035,692$2,927,162
Equipment$161,037$701,013$862,050
Land$452,271-$452,271
Other Land Buildings$53,992$7,985$61,977
Investment Program Related Org$530,560--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack GillPresidentFT$166,449$19,706$186,155

Board Members and Trustees

NameTitle
Dave WallerChairman
Richard LindemanVice-Chair
Barb HughesDirector
David ElmerDirector
Duane NeuendorfDirector
James PetzrickDirector
Mary Ann FlavinDirector
Roger AllenDirector
Wayne UdulutchDirector
Kathy HolmesSecretary
Dennis DreikosenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,957,564
Investment Income
$60,767
Other Revenue
$0
Change in Net Assets
$1,515,982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,054,896
Salaries, Compensation, and Employee Benefits$2,447,453
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,772,570
Information Technology---$761,859
Other Employee Benefits---$283,609
Office Expenses---$278,024
Occupancy---$178,208
Depreciation Depletion---$169,450
Current Officers, Directors, Trustees, and Key Employees---$166,449
Advertising---$151,125
Payroll Taxes---$144,841
Fees for Services Other---$96,271
Pension Plan Contributions---$79,984
Travel---$44,692
Insurance---$39,792
Other Expenses-$39,152-$39,152
Payments to Affiliates---$36,674
All Other Expenses---$29,728
Fees for Services Accounting---$18,000
Fees for Services Legal---$6,643
Total Functional Expenses$0$0$0$5,502,349
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$114,647,995
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Members or stockholder classes and rights Part VI line 6

The organization is consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors).

Member election for additional members Part VI line 7A

The Board of Directors is elected by the membership utilizing their one vote per member.

Governing body decisions Part VI line 7B

Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organizations bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions).

Form 990 governing body review Part VI line 11

Management reviews the prepared 990 and then is presented to the Board for review before it is filed.

Conflict of interest policy compliance Part VI line 12C

Annual review with employees

CEO executive director top management comp Part VI line 15A

Annual board review.

Other officer or key employee compensation Part VI line 15B

Annual performance review.

Governing documents etc available to public Part VI line 19

We post our Financial Statements in the lobby annually.

Filing and Contact Details

Filer

Filer Name
First Community Credit Un of Beloit
EIN
39-0269470
Address
1702 Park Avenue, Beloit, WI 53511

Signing Officer

Name
Jack Gill
Title
President
Phone
6083629077
Signed
2017-05-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Jack Gill
Formed
1933
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
11
Employees
88
Volunteers
11

Preparer

Firm
WCUL Services Corp
Address
N25W2313 Paul Rd Suite 500, Pewaukee, WI 53072
Preparer
Cari Thompson
Phone
2625490200
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IRS990/PrincipalOfficerNm0Jack Gill
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2519100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Member Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Non-Member ATM Fees
IRS990/ProgramServiceRevenueGrp/Desc3Insurance Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04485098
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12083790
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2264405
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04485098
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12083790
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt233605
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3264405
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt033605
IRS990/ProgSrvcAccomActy2Grp/Desc0We have deposit, transaction, and investment accounts with 18,099 members at 12/31. During 2016, we opened 4,928 new deposit, transaction and investment accounts.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt034210
IRS990/PYOtherExpensesAmt02469144
IRS990/PYProgramServiceRevenueAmt06016478
IRS990/PYRevenuesLessExpensesAmt01380541
IRS990/PYSalariesCompEmpBnftPaidAmt02201003
IRS990/PYTotalExpensesAmt04670147
IRS990/PYTotalRevenueAmt06050688
IRS990/ReconcilationRevenueExpnssAmt01515982
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt015536476
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt017052458
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03829223
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04683923
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01891470
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01035692
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02927162
IRS990ScheduleD/EquipmentGrp/BookValueAmt0161037
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0701013
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0862050
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01072492
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1530560
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1MCS - Corporate Central CU
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0452271
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0452271
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt053992
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07985
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt061977
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0114647995
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02558770
IRS990ScheduleD/TotalBookValueProgramRltdAmt01603052
IRS990ScheduleD/TotalLiabilityAmt0114647995
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IdemnificationGrossUpPmtsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0166449
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08746
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010960
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Jack Gill
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0186155
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization is consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors is elected by the membership utilizing their one vote per member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organizations bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews the prepared 990 and then is presented to the Board for review before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Annual review with employees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Annual board review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Annual performance review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7We post our Financial Statements in the lobby annually.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0120009249
IRS990/TotalAssetsEOYAmt0132381629
IRS990/TotalAssetsGrp/BOYAmt0120009249
IRS990/TotalAssetsGrp/EOYAmt0132381629
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt088
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05502349
IRS990/TotalGrossUBIAmt033605
IRS990/TotalLiabilitiesBOYAmt0104472773
IRS990/TotalLiabilitiesEOYAmt0115329171
IRS990/TotalLiabilitiesGrp/BOYAmt0104472773
IRS990/TotalLiabilitiesGrp/EOYAmt0115329171
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015536476
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017052458
IRS990/TotalOtherCompensationAmt019706
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt090666
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt090666
IRS990/TotalProgramServiceRevenueAmt06957564
IRS990/TotalReportableCompFromOrgAmt0166449
IRS990/TotalRevenueGrp/ExclusionAmt060767
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06923959
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07018331
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt033605
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0120009249
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0132381629
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt044692
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0www.firstccu.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Jack Gill
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06083629077

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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.
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$226$197$29.6$11.5$7.79$3.74
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$198$172$25.9$11.5$7.94$3.59
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$167$144$22.3$10.3$8.22$2.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$142$123$18.6$7.25$5.72$1.53
2016Detailed filing. Detailed filing data is available for this year.$132$115$17.1$7.02$5.50$1.52
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$120$104$15.5$6.05$4.67$1.38
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$87.9$14.2$5.65$4.28$1.37
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$95.1$82.3$12.8$5.42$4.10$1.32
2012Summary only. Only limited summary data is available for this year.$88.1$76.6$11.5$5.44$4.24$1.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.0$68.7$10.3$3.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.2$62.2$9.03$4.00
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