Civic Intelligence

Appletree Credit Union

990 • Fiscal year 2018 • EIN 39-0388215

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 14, 2019

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

8th percentile

0.76x

Higher debt load relative to assets than 8% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

25.34x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Net Margin

96th percentile

30%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

48th percentile

$202,989

Higher top officer pay than 48% of similar nonprofits.

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

2018 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2018

Asset Growth

63rd percentile

4.5%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

10%

Faster revenue growth than 47% of similar nonprofits.

2018 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$127,157,170

Up $5,525,710 (+4.5%) from 2017

Net Assets

Up

$30,123,216

Up $1,160,079 (+4.0%) from 2017

Liabilities

Up

$97,033,954

Up $4,365,631 (+4.7%) from 2017

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin96th percentile

Revenue

Up

$3,829,420

Up $349,416 (+10%) from 2017

Expenses

Up

$2,669,341

Up $260,600 (+11%) from 2017

Net Income

Up

$1,160,079

Up $88,816 (+8.3%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2018

Assets$127,157,170
Liabilities$97,033,954
Net Assets$30,123,216
Open 2018 Filing

Operations Trend

Revenue Growth47th 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

2018

Revenue$3,829,420
Expenses$2,669,341
Net Income$1,160,079
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 14, 2019
Return Version
2018v3.1
Gross Receipts
$3,829,420
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$100,335,226$100,363,432▲ $28,206
Rtn Earn Endowment Incm Other Fnds$28,963,137$30,123,216▲ $1,160,079
Savings and Temporary Cash Investments$18,760,597$24,365,853▲ $5,605,256
Land, Buildings, and Equipment, Net$886,241$838,520▼ $47,721
Cash and Non-Interest-Bearing Accounts$508,361$388,620▼ $119,741
Total Assets$121,631,460$127,157,170▲ $5,525,710
Other Assets Total$1,141,035$1,200,745▲ $59,710
Liabilities
Other Liabilities$92,210,322$96,636,909▲ $4,426,587
Accounts Payable and Accrued Expenses$458,001$397,045▼ $60,956
Total Liabilities$92,668,323$97,033,954▲ $4,365,631
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,963,137$30,123,216▲ $1,160,079
Total Liabilities and Net Assets / Fund Balance$121,631,460$127,157,170▲ $5,525,710

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$485,757$302,934$788,691
Land$339,768-$339,768
Equipment$12,995$222,334$235,329
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa M GrecoCEOPresident & SecretaryFT$154,427$48,562$202,989
Linda LuedtkeControllerFT$97,699$14,087$111,786

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
$3,405,285
Investment Income
$424,135
Other Revenue
$0
Change in Net Assets
$1,160,079

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,829,420
Total Revenue per Audited Statements
$3,829,420
Total Revenue per Form 990
$3,829,420
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,395,325
Salaries, Compensation, and Employee Benefits$1,274,016
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$717,391
Current Officers, Directors, Trustees, and Key Employees---$261,610
Information Technology---$170,062
Other Employee Benefits---$160,825
Payroll Taxes---$75,152
Office Expenses---$69,286
Advertising---$68,858
Occupancy---$62,031
Pension Plan Contributions---$59,038
Depreciation Depletion---$49,667
Other Expenses-$44,588-$44,588
Payments to Affiliates---$31,023
Insurance---$26,821
Fees for Services Accounting---$9,345
Conferences and Meetings---$8,968
All Other Expenses---$8,221
Travel---$311
Fees for Services Legal---$-6,255
Total Functional Expenses$0$0$0$2,669,341

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,669,341
Total Expenses per Audited Statements$2,669,341
Total Expenses per Form 990$2,669,341
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$96,636,909
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 2018 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
2019-03-14

Organization Details

Principal Officer
Lisa M Greco
Formed
1935
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
19
Volunteers
7
Raw XML Appendix365 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/SavingsAndTempCashInvstGrp/EOYAmt024365853
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0485757
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0302934
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0788691
IRS990ScheduleD/EquipmentGrp/BookValueAmt012995
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0222334
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0235329
IRS990ScheduleD/ExpensesSubtotalAmt02669341
IRS990ScheduleD/LandGrp/BookValueAmt0339768
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0339768
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt096636909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Shares & Deposits
IRS990ScheduleD/RevenueSubtotalAmt03829420
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0838520
IRS990ScheduleD/TotalExpensesPerForm990Amt02669341
IRS990ScheduleD/TotalLiabilityAmt096636909
IRS990ScheduleD/TotalRevenuePerForm990Amt03829420
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03829420
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02669341
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0154427
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount06450
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt011696
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt027382
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt03034
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Lisa M Greco
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEOPresident & Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0202989
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The credit union is a membership organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 for 2018 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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0121631460
IRS990/TotalAssetsEOYAmt0127157170
IRS990/TotalAssetsGrp/BOYAmt0121631460
IRS990/TotalAssetsGrp/EOYAmt0127157170
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02669341
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt092668323
IRS990/TotalLiabilitiesEOYAmt097033954
IRS990/TotalLiabilitiesGrp/BOYAmt092668323
IRS990/TotalLiabilitiesGrp/EOYAmt097033954
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt028963137
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt030123216
IRS990/TotalOtherCompensationAmt053165
IRS990/TotalProgramServiceRevenueAmt03405285
IRS990/TotalReportableCompFromOrgAmt0261610
IRS990/TotalRevenueGrp/ExclusionAmt0424135
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03405285
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03829420
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0121631460
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0127157170
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0311
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.appletree.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Lisa M Greco
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEOPresident &
ReturnHeader/BusinessOfficerGrp/PhoneNum04145467800
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-14
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/FederalOriginalSubmissionId03922392019073tk20ae0
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-03-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0128.92.120.210
ReturnHeader/FilingSecurityInformation/IPDt02019-03-14
ReturnHeader/FilingSecurityInformation/IPTm018:22:24
ReturnHeader/ReturnTs02019-03-14T18:17:04-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$127,157,170
Liabilities
$97,033,954
Net assets
$30,123,216
Revenue
$3,829,420
Expenses
$2,669,341
Net income
$1,160,079
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
2018Detailed filing. Detailed filing data is available for this year.$127$97.0$30.1$3.83$2.67$1.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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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