Civic Intelligence

Ripco Credit Union

990 • Fiscal year 2016 • EIN 39-0571035

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

121 Sutliff AvenueRhinelander, WI 54501

(715) 365-4800

Siviq Scores

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

Liabilities / Assets

61st percentile

0.90x

Higher debt load relative to assets than 61% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

20.92x

Higher debt load relative to revenue than 73% of similar nonprofits.

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

Net Margin

43rd percentile

9.0%

Higher net margin than 43% of similar nonprofits.

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

Top Officer Pay

34th percentile

$170,220

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

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

Asset Growth

56th percentile

4.9%

Faster asset growth than 56% of similar nonprofits.

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

Revenue Growth

31st percentile

2.6%

Faster revenue growth than 31% of similar nonprofits.

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

Assets

Up

$120,905,162

Up $5,660,217 (+4.9%) from 2015

Net Assets

Up

$11,818,612

Up $307,172 (+2.7%) from 2015

Liabilities

Up

$109,086,550

Up $5,353,045 (+5.2%) from 2015

Revenue

Up

$5,213,298

Up $134,245 (+2.6%) from 2015

Expenses

Up

$4,746,087

Up $275,695 (+6.2%) from 2015

Net Income

Down

$467,211

Down $141,450 (-23%) from 2015

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $74,285,487Liabilities 2010: $66,679,107Net Assets 2010: $7,606,3802010Assets 2011: $100,712,054Liabilities 2011: $90,617,254Net Assets 2011: $10,094,8002011Assets 2012: $109,627,469Liabilities 2012: $99,194,621Net Assets 2012: $10,432,8482012Assets 2013: $114,594,099Liabilities 2013: $104,160,106Net Assets 2013: $10,433,9932013Assets 2014: $113,592,457Liabilities 2014: $102,595,859Net Assets 2014: $10,996,5982014Assets 2015: $115,244,945Liabilities 2015: $103,733,505Net Assets 2015: $11,511,4402015Assets 2016: $120,905,162Liabilities 2016: $109,086,550Net Assets 2016: $11,818,6122016Assets 2017: $126,669,752Liabilities 2017: $114,030,664Net Assets 2017: $12,639,0882017Assets 2018: $129,944,445Liabilities 2018: $116,404,785Net Assets 2018: $13,539,6602018Assets 2019: $136,462,185Liabilities 2019: $121,557,642Net Assets 2019: $14,904,5432019Assets 2020: $163,667,640Liabilities 2020: $147,638,473Net Assets 2020: $16,029,1672020Assets 2021: $186,942,299Liabilities 2021: $170,345,357Net Assets 2021: $16,596,9422021Assets 2022: $188,341,075Liabilities 2022: $173,580,303Net Assets 2022: $14,760,7722022Assets 2023: $180,873,404Liabilities 2023: $165,132,882Net Assets 2023: $15,740,5222023Assets 2024: $176,948,780Liabilities 2024: $160,101,948Net Assets 2024: $16,846,8322024

Highlighted filing

2016

Assets$120,905,162
Liabilities$109,086,550
Net Assets$11,818,612

Operations Trend

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

$15M$10M$5.0M$0Expenses 2010: $3,961,1672010Expenses 2011: $4,165,0542011Expenses 2012: $4,980,6682012Revenue 2013: $5,176,278Expenses 2013: $4,877,241Net Income 2013: $299,0372013Revenue 2014: $5,155,944Expenses 2014: $4,755,670Net Income 2014: $400,2742014Revenue 2015: $5,079,053Expenses 2015: $4,470,392Net Income 2015: $608,6612015Revenue 2016: $5,213,298Expenses 2016: $4,746,087Net Income 2016: $467,2112016Revenue 2017: $5,679,842Expenses 2017: $4,875,018Net Income 2017: $804,8242017Revenue 2018: $6,551,186Expenses 2018: $5,503,594Net Income 2018: $1,047,5922018Revenue 2019: $7,202,724Expenses 2019: $6,209,579Net Income 2019: $993,1452019Revenue 2020: $7,282,377Expenses 2020: $6,408,078Net Income 2020: $874,2992020Revenue 2021: $7,425,527Expenses 2021: $6,480,367Net Income 2021: $945,1602021Revenue 2022: $7,543,781Expenses 2022: $7,024,233Net Income 2022: $519,5482022Revenue 2023: $9,591,257Expenses 2023: $8,804,298Net Income 2023: $786,9592023Revenue 2024: $11,166,658Expenses 2024: $10,863,840Net Income 2024: $302,8182024

Highlighted filing

2016

Revenue$5,213,298
Expenses$4,746,087
Net Income$467,211
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$5,219,621
Mission and Program Overview

Mission

Through our "attitude of excellence" ripco credit union delivers exceptional financial services while building lifelong relationships - one member at a time.

To encourage thrift among members and provide the necessary financial products at competitive prices to enable each member to improve his or her respective social and economic well-being, while not losing sight of the ultimate goal of RIPCO Credit Union as an efficient and sound financial institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$58,222,197$62,161,127▲ $3,938,930
Investments Other Securities$4,651,050$28,578,015▲ $23,926,965
Investments in Publicly Traded Securities$16,791,055$16,963,071▲ $172,016
Rtn Earn Endowment Incm Other Fnds$11,511,440$11,818,612▲ $307,172
Savings and Temporary Cash Investments$28,995,960$7,326,918▼ $21,669,042
Land, Buildings, and Equipment, Net$2,668,015$2,537,967▼ $130,048
Cash and Non-Interest-Bearing Accounts$2,302,394$1,604,395▼ $697,999
Intangible Assets$332,333$274,529▼ $57,804
Accounts Receivable$97,689$217,799▲ $120,110
Prepaid Expenses and Deferred Charges$132,286$127,064▼ $5,222
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$115,244,945$120,905,162▲ $5,660,217
Other Assets Total$1,051,966$1,114,277▲ $62,311
Liabilities
Other Liabilities$103,039,581$108,173,875▲ $5,134,294
Accounts Payable and Accrued Expenses$693,924$736,484▲ $42,560
Deferred Revenue$0$176,191▲ $176,191
Total Liabilities$103,733,505$109,086,550▲ $5,353,045
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,511,440$11,818,612▲ $307,172
Total Liabilities and Net Assets / Fund Balance$115,244,945$120,905,162▲ $5,660,217

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,991,573$2,379,681$4,371,254
Equipment$281,808$1,284,919$1,566,727
Other Land Buildings$71,978$206,062$278,040
Land$192,608-$192,608
Other Securities$1,860,465--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Liza EdingerPresident/CEOFT$112,548$57,672$170,220
Steven FerchChairman-$2,400-$2,400
David LehmanSecretary-$1,200-$1,200
Douglas JoslinVice CHAIRMAN-$1,200-$1,200
Rod OlsonTreasurer-$1,200-$1,200
Maggie SteffenDirector-$600-$600
Bill VancosDirector-$550-$550
Heather SchallockDirector-$500-$500

Highest Paid Contractors

ContractorServicesLocationCompensation
CUAnswersCore Data Processor6000 28th Street SE Suite 100, Grand Rapids, MI 49546$322,469
Star Systems IncDebit Card Processor1100 Carr Rd, Wilmington, DE 19809$253,805
PscuCredit Card Processor560 Carillon Parkway, St Petersburg, FL 33716$114,065
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,381,221
Investment Income
$724,014
Other Revenue
$108,063
Change in Net Assets
$467,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,505,466
Salaries, Compensation, and Employee Benefits$2,236,222
Grants and Similar Amounts Paid$4,399
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,474,251
Office Expenses---$420,016
Other Employee Benefits---$349,076
Depreciation Depletion---$286,136
All Other Expenses---$248,404
Fees for Services Other---$218,265
Occupancy---$197,384
Current Officers, Directors, Trustees, and Key Employees---$177,870
Other Expenses---$147,315
Payroll Taxes---$127,622
Advertising---$118,761
Pension Plan Contributions---$107,403
Information Technology---$81,980
Conferences and Meetings---$67,434
Insurance---$44,215
Fees for Services Accounting---$13,415
Grants to Domestic Orgs---$4,399
Total Functional Expenses$0$0$0$4,746,087
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Shares$108,173,875
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

A member is any qualified person or business that has a $5.00 deposit in a savings account at Ripco Credit Union. A member is qualified to vote if they are a member in good standing, are 18 years or older and have been a member for at least one year. Qualifying members have equal rights to vote to elect the governing body of Ripco Credit Union.

Form 990, Part VI, Section A, line 7A

Members vote for directors at the annual meeting. Terms for directors are 3 years.

Form 990, Part VI, Section A, line 7B

Any person that qualifies to be a member of ripco credit union has voting rights to elect the governing body (board of directors). Each year we hold an annual meeting of members and any directors that are up for reelection are voted in by the members.

Form 990, Part VI, Section B, line 11B

The Form 990 is reviewed by the Vice President of Operations prior to submission to the Internal Revenue Service.

Form 990, Part VI, Section B, line 15

The board of directors has a salary committee that meets annually. The President/CEO presents a recommendation of a dollar amount to be used for employee increases and bonuses. The President/CEO provides information and statistics to support her recommendation. At that same meeting, the President/CEO excuses herself and the committee then reviews the information provided and discusses and recommends a salary increase and bonus for the President/CEO. Prior to that meeting, the board secretary mails out a packet containing at least two salary surveys and other pertinent information regarding credit union President/CEO salaries. The committee approves the president's bonus and salary for the upcoming year and presents this to the full board at the next board meeting and it is then approved by the full board.

Form 990, Part VI, Section C, line 19

Governing Documents And Policies Are Available To The Public Upon Request.

Filing and Contact Details

Filer

Filer Name
Ripco Credit Union
EIN
39-0571035
Phone
7153654800
Address
121 Sutliff Avenue, Rhinelander, WI 54501

Signing Officer

Name
Liza Edinger
Title
President/CEO
Phone
7153654800
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Liza Edinger
Formed
1932
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
3
Employees
54
Volunteers
3

Preparer

Firm
Wipfli LLP
Address
PO Box 8010, Wausau, WI 54402-8010
Preparer
Mary A Coates CPA
Phone
7158453111
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IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt032004
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt032004
IRS990/NetUnrelatedBusTxblIncmAmt0-21983
IRS990/NetUnrlzdGainsLossesInvstAmt0-160039
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0197384
IRS990/OfficeExpensesGrp/TotalAmt0420016
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01051966
IRS990/OtherAssetsTotalGrp/EOYAmt01114277
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0349076
IRS990/OtherExpensesGrp/Desc0ATM Expense
IRS990/OtherExpensesGrp/Desc1Dividends On Member Sha
IRS990/OtherExpensesGrp/Desc2Bad Debt Expense
IRS990/OtherExpensesGrp/Desc3Loan Servicing Expense
IRS990/OtherExpensesGrp/TotalAmt0253805
IRS990/OtherExpensesGrp/TotalAmt1226350
IRS990/OtherExpensesGrp/TotalAmt2181986
IRS990/OtherExpensesGrp/TotalAmt3147315
IRS990/OtherLiabilitiesGrp/BOYAmt0103039581
IRS990/OtherLiabilitiesGrp/EOYAmt0108173875
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER DEPOSIT FEE INCO
IRS990/OtherRevenueMiscGrp/Desc1RECOVERY ON CHARGED OF
IRS990/OtherRevenueMiscGrp/Desc2LOAN PREMIUM AMORITIZA
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt062627
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13975
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2486
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt062627
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13975
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2486
IRS990/OtherRevenueTotalAmt076059
IRS990/OtherSalariesAndWagesGrp/TotalAmt01474251
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt058222197
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt062161127
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0127622
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0107403
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0132286
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0127064
IRS990/PrincipalOfficerNm0Liza Edinger
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST on loans
IRS990/ProgramServiceRevenueGrp/Desc1Fee income
IRS990/ProgramServiceRevenueGrp/Desc2INTERCHANGE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3sale of insurance
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03211831
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11054993
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt276708
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt329076
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03211831
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11063606
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt276708
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt329076
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt08613
IRS990/ProgSrvcAccomActy2Grp/Desc0RIPCO actively promotes thrift to young people in the communities we serve. The MOOLA MOOLA club is an exclusive savings club for kids age 10 and under. Children are encouraged to bring their own transactions to the credit union and receive a prize for each deposit. Members of The club also receive personal invitations to MOOLA MOOLA programs, parties and events throughout the year.RIPCO also opened a limited service branch at the local high school to promote saving amongst local youth.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt04059
IRS990/PYInvestmentIncomeAmt0690143
IRS990/PYOtherExpensesAmt02314265
IRS990/PYOtherRevenueAmt0123341
IRS990/PYProgramServiceRevenueAmt04265569
IRS990/PYRevenuesLessExpensesAmt0608661
IRS990/PYSalariesCompEmpBnftPaidAmt02152068
IRS990/PYTotalExpensesAmt04470392
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05079053
IRS990/ReconcilationRevenueExpnssAmt0467211
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt032004
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011511440
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011818612
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028995960
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07326918
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01991573
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02379681
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04371254
IRS990ScheduleD/EquipmentGrp/BookValueAmt0281808
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01284919
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01566727
IRS990ScheduleD/LandGrp/BookValueAmt0192608
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0192608
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt071978
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0206062
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0278040
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0108173875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt021195000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt12987000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2106181
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3429369
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt42000000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt51860465
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Deposits in Commercial Banks
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Loans to and Investments in natural person credit unions
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Membership capital at corp
IRS990ScheduleD/OtherSecuritiesGrp/Desc3Paid in Capital at corp
IRS990ScheduleD/OtherSecuritiesGrp/Desc4All other investments in Corporate Credit Unions
IRS990ScheduleD/OtherSecuritiesGrp/Desc5All other Investments
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02537967
IRS990ScheduleD/TotalBookValueSecuritiesAmt028578015
IRS990ScheduleD/TotalLiabilityAmt0108173875
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0112548
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount017789
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt012885
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0383
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LIZA EDINGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0170220
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A member is any qualified person or business that has a $5.00 deposit in a savings account at Ripco Credit Union. A member is qualified to vote if they are a member in good standing, are 18 years or older and have been a member for at least one year. Qualifying members have equal rights to vote to elect the governing body of Ripco Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members vote for directors at the annual meeting. Terms for directors are 3 years.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY PERSON THAT QUALIFIES TO BE A MEMBER OF RIPCO CREDIT UNION HAS VOTING RIGHTS TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). EACH YEAR WE HOLD AN ANNUAL MEETING OF MEMBERS AND ANY DIRECTORS THAT ARE UP FOR REELECTION ARE VOTED IN BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is reviewed by the Vice President of Operations prior to submission to the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The board of directors has a salary committee that meets annually. The President/CEO presents a recommendation of a dollar amount to be used for employee increases and bonuses. The President/CEO provides information and statistics to support her recommendation. At that same meeting, the President/CEO excuses herself and the committee then reviews the information provided and discusses and recommends a salary increase and bonus for the President/CEO. Prior to that meeting, the board secretary mails out a packet containing at least two salary surveys and other pertinent information regarding credit union President/CEO salaries. The committee approves the president's bonus and salary for the upcoming year and presents this to the full board at the next board meeting and it is then approved by the full board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing Documents And Policies Are Available To The Public Upon Request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0115244945
IRS990/TotalAssetsEOYAmt0120905162
IRS990/TotalAssetsGrp/BOYAmt0115244945
IRS990/TotalAssetsGrp/EOYAmt0120905162
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt054
IRS990/TotalFunctionalExpensesGrp/TotalAmt04746087
IRS990/TotalGrossUBIAmt08613
IRS990/TotalLiabilitiesBOYAmt0103733505
IRS990/TotalLiabilitiesEOYAmt0109086550
IRS990/TotalLiabilitiesGrp/BOYAmt0103733505

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.$177$160$16.8$11.2$10.9$0.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$181$165$15.7$9.59$8.80$0.79
2022Detailed filing. Detailed filing data is available for this year.$188$174$14.8$7.54$7.02$0.52
2021Detailed filing. Detailed filing data is available for this year.$187$170$16.6$7.43$6.48$0.95
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$164$148$16.0$7.28$6.41$0.87
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$136$122$14.9$7.20$6.21$0.99
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$130$116$13.5$6.55$5.50$1.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$127$114$12.6$5.68$4.88$0.80
2016Detailed filing. Detailed filing data is available for this year.$121$109$11.8$5.21$4.75$0.47
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$115$104$11.5$5.08$4.47$0.61
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$103$11.0$5.16$4.76$0.40
2013Detailed filing. Detailed filing data is available for this year.$115$104$10.4$5.18$4.88$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$99.2$10.4$4.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$90.6$10.1$4.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.3$66.7$7.61$3.96
Peer Organizations

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