Civic Intelligence

Appletree Credit Union

990 • Fiscal year 2017 • EIN 39-0388215

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 23, 2018

Organization Profilewww.appletree.org

View Organization Page

11333 W Greenfield AveWest Allis, WI 53214

(414) 546-7800

Siviq Scores

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

Liabilities / Assets

9th percentile

0.76x

Higher debt load relative to assets than 9% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

26.63x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

95th percentile

31%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

37th percentile

$184,131

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

14th percentile

0.0%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

25th percentile

2.6%

Faster revenue growth than 25% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$121,631,460

Up $14,968 (+0.0%) from 2016

Net Assets

Up

$28,963,137

Up $1,071,263 (+3.8%) from 2016

Liabilities

Down

$92,668,323

Down $1,056,295 (-1.1%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin95th percentile

Revenue

Up

$3,480,004

Up $89,115 (+2.6%) from 2016

Expenses

Up

$2,408,741

Up $18,003 (+0.8%) from 2016

Net Income

Up

$1,071,263

Up $71,112 (+7.1%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$150M$100M$50M$0Assets 2010: $113,034,543Liabilities 2010: $93,581,215Net Assets 2010: $19,453,3282010Assets 2011: $134,328,647Liabilities 2011: $113,141,604Net Assets 2011: $21,187,0432011Assets 2012: $129,822,019Liabilities 2012: $106,621,342Net Assets 2012: $23,200,6772012Assets 2013: $124,406,703Liabilities 2013: $99,809,439Net Assets 2013: $24,597,2642013Assets 2014: $117,361,334Liabilities 2014: $91,547,241Net Assets 2014: $25,814,0932014Assets 2015: $113,811,080Liabilities 2015: $86,919,357Net Assets 2015: $26,891,7232015Assets 2016: $121,616,492Liabilities 2016: $93,724,618Net Assets 2016: $27,891,8742016Assets 2017: $121,631,460Liabilities 2017: $92,668,323Net Assets 2017: $28,963,1372017Assets 2018: $127,157,170Liabilities 2018: $97,033,954Net Assets 2018: $30,123,2162018Assets 2019: $130,511,199Liabilities 2019: $99,412,666Net Assets 2019: $31,098,5332019Assets 2020: $139,273,187Liabilities 2020: $107,291,378Net Assets 2020: $31,981,8092020Assets 2021: $139,938,964Liabilities 2021: $106,962,013Net Assets 2021: $32,976,9512021Assets 2022: $130,204,657Liabilities 2022: $96,430,755Net Assets 2022: $33,773,9022022

Highlighted filing

2017

Assets$121,631,460
Liabilities$92,668,323
Net Assets$28,963,137
Open 2017 Filing

Operations Trend

Revenue Growth25th percentile

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

$6.0M$4.0M$2.0M$0Expenses 2010: $3,328,7942010Expenses 2011: $3,180,1222011Expenses 2012: $2,837,2982012Revenue 2013: $3,924,911Expenses 2013: $2,528,324Net Income 2013: $1,396,5872013Revenue 2014: $3,543,500Expenses 2014: $2,326,671Net Income 2014: $1,216,8292014Revenue 2015: $3,349,744Expenses 2015: $2,272,114Net Income 2015: $1,077,6302015Revenue 2016: $3,390,889Expenses 2016: $2,390,738Net Income 2016: $1,000,1512016Revenue 2017: $3,480,004Expenses 2017: $2,408,741Net Income 2017: $1,071,2632017Revenue 2018: $3,829,420Expenses 2018: $2,669,341Net Income 2018: $1,160,0792018Revenue 2019: $4,199,363Expenses 2019: $3,224,046Net Income 2019: $975,3172019Revenue 2020: $3,837,874Expenses 2020: $2,954,598Net Income 2020: $883,2762020Revenue 2021: $3,478,509Expenses 2021: $2,483,367Net Income 2021: $995,1422021Revenue 2022: $3,294,411Expenses 2022: $2,497,460Net Income 2022: $796,9512022

Highlighted filing

2017

Revenue$3,480,004
Expenses$2,408,741
Net Income$1,071,263
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 23, 2018
Return Version
2017v2.2
Gross Receipts
$3,480,004
Mission and Program Overview

Mission

A cooperative, nonprofit corporation, incorporated to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$98,516,620$100,335,226▲ $1,818,606
Rtn Earn Endowment Incm Other Fnds$27,891,874$28,963,137▲ $1,071,263
Savings and Temporary Cash Investments$20,735,733$18,760,597▼ $1,975,136
Land, Buildings, and Equipment, Net$911,247$886,241▼ $25,006
Cash and Non-Interest-Bearing Accounts$353,452$508,361▲ $154,909
Total Assets$121,616,492$121,631,460▲ $14,968
Other Assets Total$1,099,440$1,141,035▲ $41,595
Liabilities
Other Liabilities$93,335,974$92,210,322▼ $1,125,652
Accounts Payable and Accrued Expenses$388,644$458,001▲ $69,357
Total Liabilities$93,724,618$92,668,323▼ $1,056,295
Net Assets / Fund Balance
Total Net Assets Fund Balance$27,891,874$28,963,137▲ $1,071,263
Total Liabilities and Net Assets / Fund Balance$121,616,492$121,631,460▲ $14,968

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$511,013$275,731$786,744
Land$339,768-$339,768
Equipment$35,460$199,869$235,329
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa M GrecoCEOPresident & SecretaryFT$142,735$41,396$184,131
Linda LuedtkeControllerFT$90,304$12,545$102,849

Board Members and Trustees

NameTitle
Gary WeckwerthChair
Laura OwensVice-Chair
Jeff CarriganDirector
Kristi HeatherDirector
Michael PsuikDirector
Stephen GreidanusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,216,362
Investment Income
$263,642
Other Revenue
$0
Change in Net Assets
$1,071,263

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,480,004
Total Revenue per Audited Statements
$3,480,004
Total Revenue per Form 990
$3,480,004
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,263,970
Salaries, Compensation, and Employee Benefits$1,144,771
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$662,990
Current Officers, Directors, Trustees, and Key Employees---$240,262
Information Technology---$145,046
Other Employee Benefits---$123,321
Advertising---$86,177
Office Expenses---$75,885
Payroll Taxes---$68,561
Occupancy---$61,600
Other Expenses-$60,082-$60,082
Depreciation Depletion---$51,148
Pension Plan Contributions---$49,637
Insurance---$35,492
Payments to Affiliates---$30,345
All Other Expenses---$23,587
Fees for Services Accounting---$9,420
Conferences and Meetings---$8,830
Fees for Services Legal---$2,416
Travel---$28
Total Functional Expenses$0$0$0$2,408,741

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,408,741
Total Expenses per Audited Statements$2,408,741
Total Expenses per Form 990$2,408,741
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
Shares & Deposits$92,210,322
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The credit union is a membership organization.”

Form 990 governing body review Part VI line 11

“The Form 990 for 2017 was copied and submitted to all credit union directors for review. Directors were encouraged to comment and/or ask for additional information. The Board minutes will be documented with the distribution of the report and approval by the directors.”

Conflict of interest policy compliance Part VI line 12C

“Internal audits, external CPA audit, regulatory exam and board/management oversight regularly and consistently monitor and enforce policy compliance.”

CEO executive director top management comp Part VI line 15A

“The CEOs salary is reviewed and set by the board of directors. A yearly performance review is conducted by the Budget Personnel Committee of the Board of Directors. Salary surveys of comparable positions and goal accomplishments are used to discern performance of the CEO to set salary.”

Other officer or key employee compensation Part VI line 15B

“The CEO is responsible for setting and monitoring salaries of all other employees. Budget guidelines are provided by the governing board yearly.”

Governing documents etc available to public Part VI line 19

“The forms are available for public inspection online via several not-for-profit watchdog group websites. Additionally, they are available upon request at the credit unions office. Financial statements are available at www.ncua.gov. Governing documents, Bylaws and policies, including conflict of interest policies are available upon request at the credit unions office.”

Filing and Contact Details

Filer

Filer Name
AppleTree Credit Union
EIN
39-0388215
Address
11333 W Greenfield Ave, West Allis, WI 53214

Signing Officer

Name
Lisa M Greco
Title
CEOPresident &
Phone
4145467800
Signed
2018-02-23

Organization Details

Principal Officer
Lisa M Greco
Formed
1935
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
24
Volunteers
7
Raw XML Appendix362 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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IRS990ScheduleD/BuildingsGrp/BookValueAmt0511013
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0275731
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0786744
IRS990ScheduleD/EquipmentGrp/BookValueAmt035460
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0199869
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0235329
IRS990ScheduleD/ExpensesSubtotalAmt02408741
IRS990ScheduleD/LandGrp/BookValueAmt0339768
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0339768
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt092210322
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Shares & Deposits
IRS990ScheduleD/RevenueSubtotalAmt03480004
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0886241
IRS990ScheduleD/TotalExpensesPerForm990Amt02408741
IRS990ScheduleD/TotalLiabilityAmt092210322
IRS990ScheduleD/TotalRevenuePerForm990Amt03480004
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02408741
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt010711
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023462
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt07223
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Lisa M Greco
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEOPresident & Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0184131
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The credit union is a membership organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 for 2017 was copied and submitted to all credit union directors for review. Directors were encouraged to comment and/or ask for additional information. The Board minutes will be documented with the distribution of the report and approval by the directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Internal audits, external CPA audit, regulatory exam and board/management oversight regularly and consistently monitor and enforce policy compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The CEOs salary is reviewed and set by the board of directors. A yearly performance review is conducted by the Budget Personnel Committee of the Board of Directors. Salary surveys of comparable positions and goal accomplishments are used to discern performance of the CEO to set salary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The CEO is responsible for setting and monitoring salaries of all other employees. Budget guidelines are provided by the governing board yearly.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The forms are available for public inspection online via several not-for-profit watchdog group websites. Additionally, they are available upon request at the credit unions office. Financial statements are available at www.ncua.gov. Governing documents, Bylaws and policies, including conflict of interest policies are available upon request at the credit unions office.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02408741
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt093724618
IRS990/TotalLiabilitiesEOYAmt092668323
IRS990/TotalLiabilitiesGrp/BOYAmt093724618
IRS990/TotalLiabilitiesGrp/EOYAmt092668323
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt027891874
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028963137
IRS990/TotalOtherCompensationAmt046718
IRS990/TotalProgramServiceRevenueAmt03216362
IRS990/TotalReportableCompFromOrgAmt0240262
IRS990/TotalRevenueGrp/ExclusionAmt0263642
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03216362
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03480004
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0121616492
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0121631460
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt028
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.appletree.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Lisa M Greco
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEOPresident &
ReturnHeader/BusinessOfficerGrp/PhoneNum04145467800
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AppleTree Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0APPL
ReturnHeader/Filer/EIN0390388215
ReturnHeader/Filer/USAddress/AddressLine1Txt011333 W Greenfield Ave
ReturnHeader/Filer/USAddress/CityNm0West Allis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053214
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0110D63440C42215569A41D88634943DBED7962F4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0110D63440C42215569A41D88634943DBED7962F4
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId03922392018085xophjsv
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-03-26
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.219.136.146
ReturnHeader/FilingSecurityInformation/IPDt02018-03-26
ReturnHeader/FilingSecurityInformation/IPTm018:26:04
ReturnHeader/ReturnTs02018-03-26T18:20:48-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$121,631,460
Liabilities
$92,668,323
Net assets
$28,963,137
Revenue
$3,480,004
Expenses
$2,408,741
Net income
$1,071,263
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.
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$130$96.4$33.8$3.29$2.50$0.80
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$140$107$33.0$3.48$2.48$1.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$139$107$32.0$3.84$2.95$0.88
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$131$99.4$31.1$4.20$3.22$0.98
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$127$97.0$30.1$3.83$2.67$1.16
2017Detailed filing. Detailed filing data is available for this year.$122$92.7$29.0$3.48$2.41$1.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$122$93.7$27.9$3.39$2.39$1.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$86.9$26.9$3.35$2.27$1.08
2014Detailed filing. Detailed filing data is available for this year.$117$91.5$25.8$3.54$2.33$1.22
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$124$99.8$24.6$3.92$2.53$1.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$130$107$23.2$2.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$134$113$21.2$3.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$93.6$19.5$3.33
Peer Organizations

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