Civic Intelligence

Verve Credit Union

990 • Fiscal year 2012 • EIN 39-0711674

Jan 01, 2012 to Dec 31, 2012 • Filed on May 09, 2013

2900 Universal St PO Box 304654903-3046
Siviq Scores

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

Liabilities / Assets

38th percentile

0.89x

Higher debt load relative to assets than 38% of similar nonprofits.

2012 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

22nd percentile

2.8%

Faster asset growth than 22% of similar nonprofits.

2012 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$370,219,827

Up $10,024,707 (+2.8%) from 2011

Net Assets

Up

$41,025,025

Up $3,587,332 (+9.6%) from 2011

Liabilities

Up

$329,194,802

Up $6,437,375 (+2.0%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$16,802,920

Down $1,553,632 (-8.5%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0B$1.5B$1.0B$500M$0Assets 2010: $341,320,134Liabilities 2010: $305,485,319Net Assets 2010: $35,834,8152010Assets 2011: $360,195,120Liabilities 2011: $322,757,427Net Assets 2011: $37,437,6932011Assets 2012: $370,219,827Liabilities 2012: $329,194,802Net Assets 2012: $41,025,0252012Assets 2013: $395,227,991Liabilities 2013: $350,315,112Net Assets 2013: $44,912,8792013Assets 2015: $739,642,582Liabilities 2015: $652,550,050Net Assets 2015: $87,092,5322015Assets 2017: $914,348,252Liabilities 2017: $808,302,377Net Assets 2017: $106,045,8752017Assets 2018: $924,232,558Liabilities 2018: $808,350,878Net Assets 2018: $115,881,6802018Assets 2019: $999,667,351Liabilities 2019: $874,437,797Net Assets 2019: $125,229,5542019Assets 2020: $1,463,248,163Liabilities 2020: $1,327,083,206Net Assets 2020: $136,164,9572020Assets 2021: $1,476,413,333Liabilities 2021: $1,339,727,604Net Assets 2021: $136,685,7292021Assets 2022: $1,533,220,965Liabilities 2022: $1,432,257,841Net Assets 2022: $100,963,1242022Assets 2024: $1,536,325,468Liabilities 2024: $1,432,095,322Net Assets 2024: $104,230,1462024

Highlighted filing

2012

Assets$370,219,827
Liabilities$329,194,802
Net Assets$41,025,025

Operations Trend

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

$100M$50M$0Expenses 2010: $19,707,3252010Expenses 2011: $18,356,5522011Expenses 2012: $16,802,9202012Revenue 2013: $19,903,729Expenses 2013: $16,015,873Net Income 2013: $3,887,8562013Revenue 2015: $34,029,682Expenses 2015: $28,284,401Net Income 2015: $5,745,2812015Revenue 2017: $46,989,347Expenses 2017: $37,257,008Net Income 2017: $9,732,3392017Revenue 2018: $53,021,311Expenses 2018: $43,191,885Net Income 2018: $9,829,4262018Revenue 2019: $56,591,545Expenses 2019: $48,224,837Net Income 2019: $8,366,7082019Revenue 2020: $63,983,551Expenses 2020: $55,053,204Net Income 2020: $8,930,3472020Revenue 2021: $59,889,219Expenses 2021: $51,157,036Net Income 2021: $8,732,1832021Revenue 2022: $63,522,788Expenses 2022: $57,220,605Net Income 2022: $6,302,1832022Revenue 2024: $81,444,360Expenses 2024: $80,634,270Net Income 2024: $810,0902024

Highlighted filing

2012

Revenue-
Expenses$16,802,920
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 9, 2013
Return Version
2012v2.1
Gross Receipts
$20,390,252
Mission and Program Overview

Mission

A nonprofit member-owned thrift institution organized to provide financial services to individuals. Operations are primarily related to holding deposit for and making loans to members.

Filing and Contact Details

Filer

EIN
39-0711674
Raw XML AppendixShowing 400 of 687 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/Form990ScheduleDPartXIII/Explanation0IN ACCORDANCE WITH U.S. GAAP, THE CREDIT UNION HAS ADOPTED THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. AS OF BOTH THE DATE OF ADOPTION, AND AS OF DECEMBER 31, 2012 AND 2011, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. THE CREDIT UNION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. THE CREDIT UNION IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE 2009 AND STATE EXAMINATION FOR YEARS BEFORE 2008.
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IRS990ScheduleD/OtherLiabilities/Description0REGULAR SHARES
IRS990ScheduleD/OtherLiabilities/Description1MONEY MARKET SVGS & CKG
IRS990ScheduleD/OtherLiabilities/Description2BUSINESS MONEY MARKET
IRS990ScheduleD/OtherLiabilities/Description3GOOD FORTUNE MONEY MARKET
IRS990ScheduleD/OtherLiabilities/Description4GOOD FORTUNE CHECKING
IRS990ScheduleD/OtherLiabilities/Description5CHECKING ACCOUNTS
IRS990ScheduleD/OtherLiabilities/Description6CU CHECKING ACCOUNTS
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IRS990ScheduleD/OtherLiabilities/Description12IRA - MONEY MARKETS
IRS990ScheduleD/OtherLiabilities/Description13IRA - CERTIFICATES
IRS990ScheduleD/OtherLiabilities/Description14CD - 6 MONTHS
IRS990ScheduleD/OtherLiabilities/Description15CD - 12 MONTHS
IRS990ScheduleD/OtherLiabilities/Description16CD - 18 MONTHS
IRS990ScheduleD/OtherLiabilities/Description17CD - 24 MONTHS
IRS990ScheduleD/OtherLiabilities/Description18CD - 30 MONTHS
IRS990ScheduleD/OtherLiabilities/Description19CD - 36 MONTHS
IRS990ScheduleD/OtherLiabilities/Description20CD - 48 MONTHS
IRS990ScheduleD/OtherLiabilities/Description21CD - 60 MONTHS
IRS990ScheduleD/OtherLiabilities/Description22CD - 90 DAY
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal020390252
IRS990ScheduleD/TotalExpensesPerForm990016802920
IRS990ScheduleD/TotalOfAmounts0324123421
IRS990ScheduleD/TotalOfBookValueLandBuildings016825125
IRS990ScheduleD/TotalRevenuePerForm990020390252
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt016802920
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt020390252
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/ClubDuesOrFees0X
IRS990ScheduleJ/CompensationCommittee0X
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg0148669
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg1151285
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg016450
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg116676
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,536$1,432$104$81.4$80.6$0.81
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.$1,533$1,432$101$63.5$57.2$6.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,476$1,340$137$59.9$51.2$8.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,463$1,327$136$64.0$55.1$8.93
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,000$874$125$56.6$48.2$8.37
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$924$808$116$53.0$43.2$9.83
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$914$808$106$47.0$37.3$9.73
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$740$653$87.1$34.0$28.3$5.75
2013Detailed filing. Detailed filing data is available for this year.$395$350$44.9$19.9$16.0$3.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$370$329$41.0$16.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$360$323$37.4$18.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$341$305$35.8$19.7