Civic Intelligence

Tower Credit Union

990 • Fiscal year 2010 • EIN 39-0523613

Jan 01, 2010 to Dec 31, 2010 • Filed on Sep 08, 2011

Organization Profile

View Organization Page

610 N Second Avenue54401
Siviq Scores

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

Liabilities / Assets

88th percentile

0.90x

Higher debt load relative to assets than 88% of similar nonprofits.

2010 filings • $25M-$50M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

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

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets88th percentile

Assets

$47,090,470

No earlier filing loaded for comparison.

Net Assets

$4,663,055

No earlier filing loaded for comparison.

Liabilities

$42,427,415

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$3,535,901

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2010

Assets$47,090,470
Liabilities$42,427,415
Net Assets$4,663,055
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2010

Revenue-
Expenses$3,535,901
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Sep 8, 2011
Return Version
2010v3.4
Gross Receipts
$3,243,224
Mission and Program Overview

Major Activities

Activity 2
The credit union has several types of loan programs available for our members. We funded 2,088 new loans during 2010. As of 12/31/10 we had 3,154 loans to members.
Activity 3
.
Filing and Contact Details

Filer

EIN
39-0523613
Raw XML AppendixShowing 400 of 415 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.

Path#Value
IRS990/AccountantCompileOrReview0false
IRS990/AccountsPayableAccruedExpenses/BOY0137834
IRS990/AccountsPayableAccruedExpenses/EOY0277895
IRS990/AccountsReceivable/BOY01340
IRS990/AccountsReceivable/EOY0538
IRS990/ActivitiesConductedPartnership0false
IRS990/Activity2/Description0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,088 NEW LOANS DURING 2010. AS OF 12/31/10 WE HAD 3,154 LOANS TO MEMBERS.
IRS990/Activity3/Description0.
IRS990/ActivityOrMissionDescription0TO BE OUR MEMBERS' MOST TRUSTED FINANCIAL PARTNER.
IRS990/AddressPrincipalOfficerUS/AddressLine10610 N SECOND AVENUE
IRS990/AddressPrincipalOfficerUS/City0WAUSAU
IRS990/AddressPrincipalOfficerUS/State0WI
IRS990/AddressPrincipalOfficerUS/ZIPCode054401
IRS990/Advertising/ProgramServices066160
IRS990/Advertising/Total066160
IRS990/AnnualDisclosureCoveredPersons0false
IRS990/BenefitsPaidToMembersCY00
IRS990/BsnssRltnshpThruFamilyMember0false
IRS990/BsnssRltnshpWithOrganization0false
IRS990/CashNonInterestBearing/BOY01295411
IRS990/CashNonInterestBearing/EOY01128357
IRS990/ChangesToOrganizingDocs0false
IRS990/CollectionsOfArt0false
IRS990/CompCurrentOfficersDirectors/ProgramServices0255037
IRS990/CompCurrentOfficersDirectors/Total0255037
IRS990/CompensationFromOtherSources0false
IRS990/CompensationProcessCEO0true
IRS990/CompensationProcessOther0true
IRS990/ComplianceWithBackupWitholding0true
IRS990/ConferencesMeetings/ProgramServices022811
IRS990/ConferencesMeetings/Total022811
IRS990/ConflictOfInterestPolicy0true
IRS990/ConservationEasements0false
IRS990/ConsolidatedAuditFinancialStmt0false
IRS990/ContributionsGrantsCurrentYear00
IRS990/CreditCounseling0false
IRS990/DecisionsSubjectToApproval0true
IRS990/DeductibleContributionsOfArt0false
IRS990/DeductibleNonCashContributions0false
IRS990/DelegationOfManagementDuties0false
IRS990/DepreciationDepletion/ProgramServices0155978
IRS990/DepreciationDepletion/Total0155978
IRS990/DescribedIn501C30false
IRS990/Description0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 1,633 NEW DEPOSIT ACCOUNTS IN 2010. AS OF 12/31/10 WE HAD 9,836 MEMBERS.
IRS990/DisregardedEntity0false
IRS990/DocumentRetentionPolicy0true
IRS990/DonorAdvisedFunds0false
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers0true
IRS990/EmploymentTaxReturnsFiled0true
IRS990/FamilyOrBusinessRelationship0false
IRS990/FeesForServicesOther/ProgramServices06590
IRS990/FeesForServicesOther/Total06590
IRS990/ForeignActivities0false
IRS990/ForeignFinancialAccount0false
IRS990/ForeignOffice0false
IRS990/Form990PartVIISectionA/AverageHoursPerWeek01.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek11.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek21.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek31.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek41.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek51.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek61.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek740.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek840.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek940.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1040.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1140.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/NamePerson0EDWARD RICHARDS
IRS990/Form990PartVIISectionA/NamePerson1LYLE BECK
IRS990/Form990PartVIISectionA/NamePerson2SUZANNE KERSMEIER
IRS990/Form990PartVIISectionA/NamePerson3MARY BEYER
IRS990/Form990PartVIISectionA/NamePerson4CHARLES ALTMAN III
IRS990/Form990PartVIISectionA/NamePerson5HEATHER BRESNAHAN-MAAS
IRS990/Form990PartVIISectionA/NamePerson6JULIA SALZMAN
IRS990/Form990PartVIISectionA/NamePerson7HAROLD OSBORN
IRS990/Form990PartVIISectionA/NamePerson8SUE PASSOW
IRS990/Form990PartVIISectionA/NamePerson9SCOTT SISKO
IRS990/Form990PartVIISectionA/NamePerson10CHRISTOPHER BRUFACH
IRS990/Form990PartVIISectionA/NamePerson11LAMONT BONHAM
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/Officer3X
IRS990/Form990PartVIISectionA/Officer4X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation77275
IRS990/Form990PartVIISectionA/OtherCompensation813853
IRS990/Form990PartVIISectionA/OtherCompensation913712
IRS990/Form990PartVIISectionA/OtherCompensation102560
IRS990/Form990PartVIISectionA/OtherCompensation115173
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization02553
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization12435
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization22140
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization32140
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization41965
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization51965
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization61965
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization769256
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization848113
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization943868
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization1039342
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization1139295
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs100
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs110
IRS990/Form990PartVIISectionA/Title0SECRETARY
IRS990/Form990PartVIISectionA/Title1CHARIMAN
IRS990/Form990PartVIISectionA/Title2DIRECTOR
IRS990/Form990PartVIISectionA/Title3DIRECTOR
IRS990/Form990PartVIISectionA/Title4VICE-CHARIMA
IRS990/Form990PartVIISectionA/Title5DIRECTOR
IRS990/Form990PartVIISectionA/Title6DIRECTOR
IRS990/Form990PartVIISectionA/Title7PRESIDENT
IRS990/Form990PartVIISectionA/Title8EXEC VP
IRS990/Form990PartVIISectionA/Title9VP MORTGAGE
IRS990/Form990PartVIISectionA/Title10VP CONSUMER
IRS990/Form990PartVIISectionA/Title11MEMBER SERVI
IRS990/Form990ProvidedToGoverningBody0false
IRS990/Form990-TFiled0true
IRS990/FormersListed0false
IRS990/FSAudited0false
IRS990/FundraisingActivities0false
IRS990/GainOrLoss/Other0-57469
IRS990/Gaming0false
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsToIndividuals0false
IRS990/GrantsToOrganizations0false
IRS990/GrantToRelatedPerson0false
IRS990/GrossAmountSalesAssets/Other0225730
IRS990/GrossReceipts03243224
IRS990/GrossRents/Real010154
IRS990/GroupReturnForAffiliates0false
IRS990/Hospital0false
IRS990/IndependentAuditFinancialStmt0false
IRS990/IndoorTanningServices0false
IRS990/InfoInScheduleOPartVI0X
IRS990/InformationTechnology/ProgramServices0181799
IRS990/InformationTechnology/Total0181799
IRS990/Insurance/ProgramServices091669
IRS990/Insurance/Total091669
IRS990/Interest/ProgramServices0186
IRS990/Interest/Total0186
IRS990/InvestmentIncomeCurrentYear0151420
IRS990/InvestmentIncome/ExclusionAmount0208889
IRS990/InvestmentIncomePriorYear0222488
IRS990/InvestmentIncome/TotalRevenueColumn0208889
IRS990/InvestmentInJointVenture0false
IRS990/InvestmentsProgramRelated/BOY05273807
IRS990/InvestmentsProgramRelated/EOY05336201
IRS990/LandBldgEquipmentAccumDeprec01542931
IRS990/LandBuildingsEquipmentBasis03668472
IRS990/LandBuildingsEquipmentBasisNet/BOY02306602
IRS990/LandBuildingsEquipmentBasisNet/EOY02125541
IRS990/LessCostOthBasisSalesExpenses/Other0283199
IRS990/LoanToOfficerOrDQP0false
IRS990/LocalChapters0false
IRS990/MaterialDiversionOrMisuse0false
IRS990/MembersOrStockholders0true
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees0true
IRS990/MinutesOfGoverningBody0true
IRS990/MissionDescription0TO BE OUR MEMBERS' MOST TRUSTED FINANCIAL PARTNER.
IRS990/MoreThan5000KToIndividuals0false
IRS990/MoreThan5000KToOrganizations0false
IRS990/NameOfPrincipalOfficerPerson0HAROLD OSBORN
IRS990/NbrIndependentVotingMembers06
IRS990/NbrVotingGoverningBodyMembers07
IRS990/NbrVotingMembersGoverningBody07
IRS990/NetAssetsOrFundBalancesBOY05238931
IRS990/NetAssetsOrFundBalancesEOY04663055
IRS990/NetGainOrLossInvestments/RelatedOrExemptFunctionIncome0-57469
IRS990/NetGainOrLossInvestments/TotalRevenueColumn0-57469
IRS990/NetRentalIncomeOrLoss/ExclusionAmount010154
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn010154
IRS990/NetUnrelatedBusinessTxblIncome07924
IRS990/NonDeductibleContributions0false
IRS990/NumberFormsTransmittedWith109602041
IRS990/NumberIndependentVotingMembers06
IRS990/NumberOfEmployees035
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ProgramServices0144925
IRS990/Occupancy/Total0144925
IRS990/OfficeExpenses/ProgramServices0490228
IRS990/OfficeExpenses/Total0490228
IRS990/OfficerEntityWithBsnssRltnshp0false
IRS990/OfficerMailingAddress0false
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY0582072
IRS990/OtherAssetsTotal/EOY0704367
IRS990/OtherEmployeeBenefits/ProgramServices0115648
IRS990/OtherEmployeeBenefits/Total0115648
IRS990/OtherExpensePriorYear02642240
IRS990/OtherExpensesCurrentYear02535564
IRS990/OtherExpenses/Description0PROVISION FOR LOAN LOSS
IRS990/OtherExpenses/Description1DIVIDENDS ON SHARES
IRS990/OtherExpenses/Description2NCUSIF ASSESSMENTS
IRS990/OtherExpenses/ProgramServices0711553
IRS990/OtherExpenses/ProgramServices1604767
IRS990/OtherExpenses/ProgramServices257623
IRS990/OtherExpenses/Total0711553
IRS990/OtherExpenses/Total1604767
IRS990/OtherExpenses/Total257623
IRS990/OtherLiabilities/BOY043942988
IRS990/OtherLiabilities/EOY042149520
IRS990/OtherNotesLoansReceivableNet/BOY035692370
IRS990/OtherNotesLoansReceivableNet/EOY034623834
IRS990/OtherRevenueCurrentYear027194
IRS990/OtherRevenuePriorYear016226
IRS990/OtherSalariesAndWages/ProgramServices0552765
IRS990/OtherSalariesAndWages/Total0552765
IRS990/PartialLiquidation0false
IRS990/PayrollTaxes/ProgramServices058335
IRS990/PayrollTaxes/Total058335
IRS990/PensionPlanContributions/ProgramServices018552
IRS990/PensionPlanContributions/Total018552
IRS990/PoliticalActivities0false
IRS990/PrepaidExpensesDeferredCharges/BOY0159258
IRS990/PrepaidExpensesDeferredCharges/EOY0126734
IRS990/ProfessionalFundraising0false
IRS990/ProgramServiceRevenue/BusinessCode0519100
IRS990/ProgramServiceRevenue/BusinessCode1519100
IRS990/ProgramServiceRevenueCY02781411
IRS990/ProgramServiceRevenue/Description0INTEREST ON LOANS
IRS990/ProgramServiceRevenue/Description1MEMBER FEES & OTHER INCOME
IRS990/ProgramServiceRevenue/Description2OTHER OPERATING INCOME
IRS990/ProgramServiceRevenue/Description3NON MEMBER ATM FEES
IRS990/ProgramServiceRevenue/Description4INSUR FEES & COIN UPCHARGE
IRS990/ProgramServiceRevenuePriorYear03300199
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome02371307
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome1323630
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome271752
IRS990/ProgramServiceRevenue/TotalRevenueColumn02371307
IRS990/ProgramServiceRevenue/TotalRevenueColumn1323630
IRS990/ProgramServiceRevenue/TotalRevenueColumn271752
IRS990/ProgramServiceRevenue/TotalRevenueColumn314301
IRS990/ProgramServiceRevenue/TotalRevenueColumn4421
IRS990/ProgramServiceRevenue/UnrelatedBusinessRevenue014301
IRS990/ProgramServiceRevenue/UnrelatedBusinessRevenue1421
IRS990/ProhibitedTaxShelterTrans0false
IRS990/ReconcilationRevenueExpenses0-575876
IRS990/RegularMonitoringEnforcement0false
IRS990/RelatedEntity0false
IRS990/RelatedOrgControlledEntity0false
IRS990/RentalIncomeOrLoss/Real010154
IRS990/ReportFin48Footnote0false
IRS990/ReportInvestOthSecurities0false
IRS990/ReportLandBldgEquip0true
IRS990/ReportOtherAssets0false
IRS990/ReportOtherLiabilities0true
IRS990/ReportProgRelInvest0true
IRS990/RetainedEarningsEndowmentEtc/BOY05238931
IRS990/RetainedEarningsEndowmentEtc/EOY04663055
IRS990/RevenuesLessExpensesCY0-575876
IRS990/RevenuesLessExpensesPriorYear0-133242
IRS990/RoyaltiesRevenue/ExclusionAmount017040
IRS990/RoyaltiesRevenue/TotalRevenueColumn017040
IRS990/SalariesEtcCurrentYear01000337
IRS990/SalariesEtcPriorYear01029915
IRS990/SavingsAndTempCashInvestments/BOY04008893
IRS990/SavingsAndTempCashInvestments/EOY03044898
IRS990/ScheduleBRequired0false
IRS990ScheduleD/AgentTrusteeEtc0false
IRS990ScheduleD/AreRelatedOrgsListedScheduleR0false
IRS990ScheduleD/Buildings/BookValue0943563
IRS990ScheduleD/Buildings/Depreciation0945567
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis01889130
IRS990ScheduleD/DisclosedForCharitablePurposes0false
IRS990ScheduleD/DisclosedOrgsLegalControl0false
IRS990ScheduleD/EndowmentsHeldByRelatedOrgs0false
IRS990ScheduleD/EndowmentsHeldByUnrelatedOrgs0false
IRS990ScheduleD/Equipment/BookValue0100717
IRS990ScheduleD/Equipment/Depreciation0597364
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis0698081
IRS990ScheduleD/IncludedOnFS0false
IRS990ScheduleD/InvestmentsProgramRelated/BookValue04903000
IRS990ScheduleD/InvestmentsProgramRelated/BookValue1369898
IRS990ScheduleD/InvestmentsProgramRelated/BookValue263303
IRS990ScheduleD/InvestmentsProgramRelated/Description0CERTIF OF DEPOSIT MATURITY > 1 YR
IRS990ScheduleD/InvestmentsProgramRelated/Description1CORP CENT CAPITAL SHARES
IRS990ScheduleD/InvestmentsProgramRelated/Description2WISCUB
IRS990ScheduleD/Land/BookValue01081261
IRS990ScheduleD/Land/OtherCostOrOtherBasis01081261
IRS990ScheduleD/OtherLiabilities/Amount042149520
IRS990ScheduleD/OtherLiabilities/Description0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description1ACCRUED DIVIDENDS PAYABLE
IRS990ScheduleD/OtherLiabilities/Description2DEFERRED COMPENSATION
IRS990ScheduleD/OtherLiabilities/Description3ALL OTHER LIABILITIES
IRS990ScheduleD/Sect170hRequirementsSatisfied0false
IRS990ScheduleD/SolicitedAssetsForSale0false
IRS990ScheduleD/TotalOfAmounts042149520
IRS990ScheduleD/TotalOfBookValueLandBuildings02125541
IRS990ScheduleD/TotalOfBookValueProgramRelated05336201
IRS990ScheduleD/WrittenPolicyMonitoring0false
IRS990/ScheduleJRequired0false
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.
IRS990ScheduleO/GeneralExplanation/Identifier0CLASSES OF MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier1ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier2DECISIONS SUBJECT TO APPROVAL OF MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier3ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier4COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0WI
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10610 N SECOND AVENUE
IRS990/TheBooksAreInCareOf/AddressUS/City0WAUSAU
IRS990/TheBooksAreInCareOf/AddressUS/State0WI
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode054401
IRS990/TheBooksAreInCareOf/NamePerson0HAL OSBORN
IRS990/TheBooksAreInCareOf/TelephoneNumber07158455263
IRS990/TotalAssets/BOY049319753
IRS990/TotalAssetsBOY049319753
IRS990/TotalAssets/EOY047090470
IRS990/TotalAssetsEOY047090470
IRS990/TotalCompGT150K0false
IRS990/TotalExpensesCurrentYear03535901
IRS990/TotalExpensesPriorYear03672155
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices03535901
IRS990/TotalFunctionalExpenses/Total03535901
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI014722
IRS990/TotalLiabilities/BOY044080822
IRS990/TotalLiabilitiesBOY044080822
IRS990/TotalLiabilities/EOY042427415
IRS990/TotalLiabilitiesEOY042427415
IRS990/TotalLiabNetAssetsFundBalances/BOY049319753
IRS990/TotalLiabNetAssetsFundBalances/EOY047090470
IRS990/TotalNbrEmployees035
IRS990/TotalNetAssetsFundBalances/BOY05238931
IRS990/TotalNetAssetsFundBalances/EOY04663055
IRS990/TotalOtherCompensation042573
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceRevenue02781411
IRS990/TotalReportableCompFromOrg0255037
IRS990/TotalRevenueCurrentYear02960025
IRS990/TotalRevenue/ExclusionAmount0236083
IRS990/TotalRevenuePriorYear03538913
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome02709220
IRS990/TotalRevenue/TotalRevenueColumn02960025
IRS990/TotalRevenue/UnrelatedBusinessRevenue014722
IRS990/TransactionRelatedEntity0false
IRS990/Travel/ProgramServices01275
IRS990/Travel/Total01275
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0true
IRS990/UponRequest0X
IRS990/WebSite0WWW.TOWERCU.COM
IRS990/WhistleblowerPolicy0true
IRS990/YearFormation01932
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0390523613
ReturnHeader/Filer/Name/BusinessNameLine10TOWER CREDIT UNION
ReturnHeader/Filer/NameControl0TOWE
ReturnHeader/Filer/Phone07158455263

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$47,090,470
Liabilities
$42,427,415
Net assets
$4,663,055
Revenue
-
Expenses
$3,535,901
Net income
-
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