Civic Intelligence

Tower Credit Union

EIN 39-0523613

View Organization Page

610 N Second Avenue54401
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2012

Liabilities / Revenue

44th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2012

Net Margin

18th percentile

-21%

Higher net margin than 18% of similar nonprofits.

$500k-$1M nonprofits • Source year 2012

Top Officer Pay

Score unavailable

No value available

No filing with officer or executive compensation is available for this organization yet.

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2012

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $45,280,034 (-100%) from 2011

Liabilities

Down

$0

Down $41,277,700 (-100%) from 2011

Net Assets

Down

$0

Down $4,002,334 (-100%) from 2011

Operations
Liabilities / Revenue44th percentileNet Margin18th percentile

Revenue

$603,061

No earlier filing loaded for comparison.

Expenses

Down

$730,158

Down $2,597,833 (-78%) from 2011

Net Income

-$127,097

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $47,090,470Liabilities 2010: $42,427,415Net Assets 2010: $4,663,0552010Assets 2011: $45,280,034Liabilities 2011: $41,277,700Net Assets 2011: $4,002,3342011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012

Highlighted filing

2012

Assets$0
Liabilities$0
Net Assets$0
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $3,535,9012010Expenses 2011: $3,327,9912011Revenue 2012: $603,061Expenses 2012: $730,158Net Income 2012: -$127,0972012

Highlighted filing

2012

Revenue$603,061
Expenses$730,158
Net Income-$127,097
Open 2012 Filing

Filings

Most recent year

2012 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$603,061
Expenses
$730,158
Net income
-$127,097
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.60$0.73$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.3$41.3$4.00$3.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.1$42.4$4.66$3.54
Latest Detailed Filing

The latest 2012 filing currently has summary financial data only. Showing the latest detailed filing from 2011 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Mar 6, 2012
Return Version
2011v1.2
Gross Receipts
$2,767,049
Mission and Program Overview

Major Activities

Activity 2
The credit union has several types of loan programs available for our members. We funded 1,777 new loans during 2011. As of 12/31/11 we had 3,036 loans to our members.
Activity 3
.
Filing and Contact Details

Filer

EIN
39-0523613
Raw XML AppendixShowing 400 of 412 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/Activity2/Description0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,777 NEW LOANS DURING 2011. AS OF 12/31/11 WE HAD 3,036 LOANS TO OUR MEMBERS.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation2A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation3MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR CORRECTNESS, AND THEN AUTHORIZES CPA TO FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE BOARD AT THE NEXT BOARD MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation4PRESIDENT REVIEWS APPLICABLE SALARY SURVEYS AND RECOMMENDS WAGE RATES AND PERCENTAGE INCREASES TO BOARD OF DIRECTORS. BOARD HAS FINAL APPROVAL OF WAGES/SALARIES, AND APPROVES SALARY FOR PRESIDENT.
IRS990ScheduleO/GeneralExplanation/Explanation5PRESIDENT REVIEWS APPLICABLE SALARY SURVEYS AND RECOMMENDS WAGE RATES AND PERCENTAGE INCREASES TO BOARD OF DIRECTORS. BOARD HAS FINAL APPROVAL OF WAGES/SALARIES, AND APPROVES SALARY FOR PRESIDENT.
IRS990ScheduleO/GeneralExplanation/Explanation6UPON WRITTEN REQUEST.
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IRS990ScheduleO/GeneralExplanation/Identifier4COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
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ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0390523613
ReturnHeader/Filer/Name/BusinessNameLine10TOWER CREDIT UNION
ReturnHeader/Filer/NameControl0TOWE
ReturnHeader/Filer/Phone07158455263
ReturnHeader/Filer/USAddress/AddressLine10610 N SECOND AVENUE
ReturnHeader/Filer/USAddress/City0WAUSAU
ReturnHeader/Filer/USAddress/State0WI

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