Civic Intelligence

Teachers Credit Union

990 • Fiscal year 2015 • EIN 39-0736227

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 12, 2016

Organization Profilewww.tcubeloit.org

View Organization Page

2315 Prairie AvenueBeloit, WI 53511

(608) 362-8983

Siviq Scores

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

Liabilities / Assets

40th percentile

0.85x

Higher debt load relative to assets than 40% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

85th percentile

29.32x

Higher debt load relative to revenue than 85% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Net Margin

31st percentile

1.7%

Higher net margin than 31% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$72,433

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Asset Growth

78th percentile

7.2%

Faster asset growth than 78% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

66th percentile

3.5%

Faster revenue growth than 66% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$21,486,836

Up $1,438,154 (+7.2%) from 2014

Net Assets

Up

$3,166,305

Up $10,419 (+0.3%) from 2014

Liabilities

Up

$18,320,531

Up $1,427,735 (+8.5%) from 2014

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin31st percentile

Revenue

Up

$624,947

Up $21,333 (+3.5%) from 2014

Expenses

Up

$614,528

Up $15,147 (+2.5%) from 2014

Net Income

Up

$10,419

Up $6,186 (+146%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$40M$30M$20M$10M$0Assets 2010: $16,585,373Liabilities 2010: $13,455,229Net Assets 2010: $3,130,1442010Assets 2011: $17,550,873Liabilities 2011: $14,415,395Net Assets 2011: $3,135,4782011Assets 2012: $17,687,957Liabilities 2012: $14,545,338Net Assets 2012: $3,142,6192012Assets 2013: $20,630,182Liabilities 2013: $17,478,529Net Assets 2013: $3,151,6532013Assets 2014: $20,048,682Liabilities 2014: $16,892,796Net Assets 2014: $3,155,8862014Assets 2015: $21,486,836Liabilities 2015: $18,320,531Net Assets 2015: $3,166,3052015Assets 2016: $21,478,654Liabilities 2016: $18,299,775Net Assets 2016: $3,178,8792016Assets 2017: $22,748,597Liabilities 2017: $19,535,501Net Assets 2017: $3,213,0962017Assets 2018: $23,927,644Liabilities 2018: $20,667,726Net Assets 2018: $3,259,9182018Assets 2019: $24,517,520Liabilities 2019: $21,176,734Net Assets 2019: $3,340,7862019Assets 2020: $29,004,796Liabilities 2020: $25,562,122Net Assets 2020: $3,442,6742020Assets 2021: $30,711,372Liabilities 2021: $27,218,268Net Assets 2021: $3,493,1042021Assets 2022: $32,637,898Liabilities 2022: $29,054,994Net Assets 2022: $3,582,9042022Assets 2023: $33,299,318Liabilities 2023: $29,384,921Net Assets 2023: $3,914,3972023Assets 2024: $37,764,079Liabilities 2024: $33,573,110Net Assets 2024: $4,190,9692024Assets 2025: $37,177,087Liabilities 2025: $32,733,630Net Assets 2025: $4,443,4572025

Highlighted filing

2015

Assets$21,486,836
Liabilities$18,320,531
Net Assets$3,166,305
Open 2015 Filing

Operations Trend

Revenue Growth66th percentile

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

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $655,6352010Expenses 2011: $586,3912011Revenue 2012: $592,570Expenses 2012: $585,429Net Income 2012: $7,1412012Revenue 2013: $585,454Expenses 2013: $576,420Net Income 2013: $9,0342013Revenue 2014: $603,614Expenses 2014: $599,381Net Income 2014: $4,2332014Revenue 2015: $624,947Expenses 2015: $614,528Net Income 2015: $10,4192015Revenue 2016: $639,992Expenses 2016: $627,418Net Income 2016: $12,5742016Revenue 2017: $676,732Expenses 2017: $642,515Net Income 2017: $34,2172017Revenue 2018: $798,528Expenses 2018: $751,706Net Income 2018: $46,8222018Revenue 2019: $880,649Expenses 2019: $799,781Net Income 2019: $80,8682019Revenue 2020: $843,032Expenses 2020: $741,144Net Income 2020: $101,8882020Revenue 2021: $842,368Expenses 2021: $791,938Net Income 2021: $50,4302021Revenue 2022: $910,623Expenses 2022: $820,823Net Income 2022: $89,8002022Revenue 2023: $1,349,459Expenses 2023: $1,017,966Net Income 2023: $331,4932023Revenue 2024: $1,710,868Expenses 2024: $1,434,296Net Income 2024: $276,5722024Revenue 2025: $1,908,193Expenses 2025: $1,655,705Net Income 2025: $252,4882025

Highlighted filing

2015

Revenue$624,947
Expenses$614,528
Net Income$10,419
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 12, 2016
Return Version
2015v2.1
Gross Receipts
$624,947
Mission and Program Overview

Mission

Teachers credit union is a not-for-profit member owned organization. Our goal is to provide the best possible financial services to our members at competitive rates and to maintain the credit union's long-term financial stability.

Teachers Credit Union is a not-for-profit member owned organization. Our goal is to provide the best possible financial services to our members at competitive rates and to maintain the credit unions long-term financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$13,496,548$13,000,836▼ $495,712
Other Notes and Loans Receivable, Net$5,842,434$6,610,938▲ $768,504
Rtn Earn Endowment Incm Other Fnds$3,155,886$3,166,305▲ $10,419
Cash and Non-Interest-Bearing Accounts$301,020$1,491,160▲ $1,190,140
Investments Program Related$160,380$159,923▼ $457
Land, Buildings, and Equipment, Net$178,223$151,502▼ $26,721
Prepaid Expenses and Deferred Charges$29,237$27,131▼ $2,106
Accounts Receivable$853$853→ $0
Total Assets$20,048,682$21,486,836▲ $1,438,154
Other Assets Total$39,987$44,493▲ $4,506
Liabilities
Other Liabilities$16,604,372$18,283,951▲ $1,679,579
Mortgage Notes Payable Secured by Investment Property$271,326--
Accounts Payable and Accrued Expenses$16,704$36,273▲ $19,569
Deferred Revenue$394$307▼ $87
Total Liabilities$16,892,796$18,320,531▲ $1,427,735
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,155,886$3,166,305▲ $10,419
Total Liabilities and Net Assets / Fund Balance$20,048,682$21,486,836▲ $1,438,154

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,244$329,716$348,960
Buildings$76,633$240,376$317,009
Equipment$12,625$92,256$104,881
Land$43,000-$43,000
Investment Program Related Org$500--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy JacobsonPresidentCEOFT$68,300$4,133$72,433
Lisa WertzVP LendingFT$55,099$3,384$58,483
Terrance J McCannChairman-$588-$588
Robert LlorcaSecretary April 2015-Dec 201-$360-$360
Mary HerrmannSecretary April 2014-April 2-$80-$80
Mary Jane DanielsDirector-$40-$40

Board Members and Trustees

NameTitle
Thomas MichelsVice Chairman
Bobby BeamonDirector
Evlynne OwensDirector
Henry ClementDirector
Karen KerrDirector
Arthur GurholtTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$468,000
Investment Income
$145,240
Other Revenue
$11,707
Change in Net Assets
$10,419
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$354,185
Salaries, Compensation, and Employee Benefits$260,343
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$124,467
Office Expenses---$123,201
Other Salaries and Wages---$101,113
Information Technology---$50,865
Other Expenses-$34,571-$34,571
Depreciation Depletion---$31,912
Occupancy---$27,934
Payroll Taxes---$19,071
Insurance---$17,291
Payments to Affiliates---$13,312
Pension Plan Contributions---$11,879
Advertising---$8,754
Conferences and Meetings---$8,701
All Other Expenses---$6,561
Fees for Services Accounting---$6,000
Other Employee Benefits---$3,813
Interest---$984
Total Functional Expenses$0$0$0$614,528
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
Member Shares & Deposits$18,283,944
Accrued Dividends$7
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors).”

Member election for additional members Part VI line 7A

“The Board of Directors is elected by the membership utilizing their one vote per member.o8”

Governing body decisions Part VI line 7B

“Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organizations bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions).”

Form 990 governing body review Part VI line 11

“Management and the Board of Directors review the prepared 990 form before it is filed.”

Conflict of interest policy compliance Part VI line 12C

“Annually, the CEO reviews employee, Board of Director, and their familysaccounts for conflicts of interest.”

CEO executive director top management comp Part VI line 15A

“The Wisconsin Leagues Compensations survey is reviewed for comparison & recommendation purposes with the Board of Directors.”

Other officer or key employee compensation Part VI line 15B

“The Wisconsin Leagues Compensations survey is reviewed for comparison & recommendation purposes with the Board of Directors.”

Governing documents etc available to public Part VI line 19

“Updated financial statement is posted monthly in our credit union lobby.”

Filing and Contact Details

Filer

Filer Name
Teachers Credit Union
EIN
39-0736227
Address
2315 Prairie Avenue, Beloit, WI 53511

Signing Officer

Name
Amy Jacobson
Title
PresidentCEO
Phone
6083628983
Signed
2016-08-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Amy Jacobson
Formed
1934
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
7

Preparer

Firm
WCUL Services Corp
Address
N25W2313 Paul Rd Suite 500, Pewaukee, WI 53072
Preparer
Cari Thompson
Phone
2625490200
Raw XML Appendix400 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt016704
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt036273
IRS990/AccountsReceivableGrp/BOYAmt0853
IRS990/AccountsReceivableGrp/EOYAmt0853
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Teachers Credit Union is a not-for-profit member owned organization. Our goal is to provide the best possible financial services to our members at competitive rates and to maintain the credit unions long-term financial stability.
IRS990/AdvertisingGrp/TotalAmt08754
IRS990/AllOtherExpensesGrp/TotalAmt06561
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Amy Jacobson
IRS990/BooksInCareOfDetail/PhoneNum06083628983
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02315 Prairie Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Beloit
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053511
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0301020
IRS990/CashNonInterestBearingGrp/EOYAmt01491160
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0124467
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt08701
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0145240
IRS990/CYOtherExpensesAmt0354185
IRS990/CYOtherRevenueAmt011707
IRS990/CYProgramServiceRevenueAmt0468000
IRS990/CYRevenuesLessExpensesAmt010419
IRS990/CYSalariesCompEmpBnftPaidAmt0260343
IRS990/CYTotalExpensesAmt0614528
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0624947
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0394
IRS990/DeferredRevenueGrp/EOYAmt0307
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt031912
IRS990/Desc0We funded 264 loans during 2015. As of 12/31/15, we had 71 mortgages/home equity lines, and 447 consumer loans. We also had 304 credit card accounts with our members.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt06000
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt104133
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt113384
IRS990/Form990PartVIISectionAGrp/PersonNm0Terrance J McCann
IRS990/Form990PartVIISectionAGrp/PersonNm1Thomas Michels
IRS990/Form990PartVIISectionAGrp/PersonNm2Arthur Gurholt
IRS990/Form990PartVIISectionAGrp/PersonNm3Bobby Beamon
IRS990/Form990PartVIISectionAGrp/PersonNm4Robert Llorca
IRS990/Form990PartVIISectionAGrp/PersonNm5Mary Herrmann
IRS990/Form990PartVIISectionAGrp/PersonNm6Evlynne Owens
IRS990/Form990PartVIISectionAGrp/PersonNm7Mary Jane Daniels
IRS990/Form990PartVIISectionAGrp/PersonNm8Karen Kerr
IRS990/Form990PartVIISectionAGrp/PersonNm9Henry Clement
IRS990/Form990PartVIISectionAGrp/PersonNm10Amy Jacobson
IRS990/Form990PartVIISectionAGrp/PersonNm11Lisa Wertz
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0588
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt580
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt740
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1068300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1155099
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary April 2015-Dec 201
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary April 2014-April 2
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10PresidentCEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP Lending
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01934
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0624947
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt050865
IRS990/InsuranceGrp/TotalAmt017291
IRS990/InterestGrp/TotalAmt0984
IRS990/InvestmentIncomeGrp/ExclusionAmt0145240
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0145240
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0160380
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0159923
IRS990/IRPDocumentCnt0202
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0662348
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0178223
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0151502
IRS990/LandBldgEquipCostOrOtherBssAmt0813850
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Teachers Credit Union is a not-for-profit member owned organization. Our goal is to provide the best possible financial services to our members at competitive rates and to maintain the credit unions long-term financial stability.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0271326
IRS990/NetAssetsOrFundBalancesBOYAmt03155886
IRS990/NetAssetsOrFundBalancesEOYAmt03166305
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt027934
IRS990/OfficeExpensesGrp/TotalAmt0123201
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt039987
IRS990/OtherAssetsTotalGrp/EOYAmt044493
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03813
IRS990/OtherExpensesGrp/Desc0Dividends on Shares
IRS990/OtherExpensesGrp/Desc1Provision for Loan Loss
IRS990/OtherExpensesGrp/Desc2Loan Servicing Expense
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013200
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110899
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt234571
IRS990/OtherExpensesGrp/TotalAmt013200
IRS990/OtherExpensesGrp/TotalAmt110899
IRS990/OtherExpensesGrp/TotalAmt234571
IRS990/OtherLiabilitiesGrp/BOYAmt016604372
IRS990/OtherLiabilitiesGrp/EOYAmt018283951
IRS990/OtherSalariesAndWagesGrp/TotalAmt0101113
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05842434
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06610938
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt013312
IRS990/PayrollTaxesGrp/TotalAmt019071
IRS990/PensionPlanContributionsGrp/TotalAmt011879
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029237
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027131
IRS990/PrincipalOfficerNm0Amy Jacobson
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Member AccountCard Fee
IRS990/ProgramServiceRevenueGrp/Desc2Other Member Fee Income
IRS990/ProgramServiceRevenueGrp/Desc3Insurance Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0327509
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1120832
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27226
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312433
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0327509
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1120832
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27226
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312433
IRS990/ProgSrvcAccomActy2Grp/Desc0We have deposit, transaction, and investment accounts with 2138 members at 12/31. During 2015, we opened 168 new deposit, transaction and investment accounts.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0125709
IRS990/PYOtherExpensesAmt0340389
IRS990/PYOtherRevenueAmt09657
IRS990/PYProgramServiceRevenueAmt0468248
IRS990/PYRevenuesLessExpensesAmt04233
IRS990/PYSalariesCompEmpBnftPaidAmt0258992
IRS990/PYTotalExpensesAmt0599381
IRS990/PYTotalRevenueAmt0603614
IRS990/ReconcilationRevenueExpnssAmt010419
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt011707
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt011707
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03155886
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03166305
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013496548
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013000836
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt076633
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0240376
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0317009
IRS990ScheduleD/EquipmentGrp/BookValueAmt012625
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092256
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0104881
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0159423
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1WISCUB
IRS990ScheduleD/LandGrp/BookValueAmt043000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt043000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019244
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0329716
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0348960
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018283944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Dividends
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0151502
IRS990ScheduleD/TotalBookValueProgramRltdAmt0159923
IRS990ScheduleD/TotalLiabilityAmt018283951
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors is elected by the membership utilizing their one vote per member.o8
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organizations bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management and the Board of Directors review the prepared 990 form before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Annually, the CEO reviews employee, Board of Director, and their familysaccounts for conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Wisconsin Leagues Compensations survey is reviewed for comparison & recommendation purposes with the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Wisconsin Leagues Compensations survey is reviewed for comparison & recommendation purposes with the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Updated financial statement is posted monthly in our credit union lobby.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt020048682
IRS990/TotalAssetsEOYAmt021486836
IRS990/TotalAssetsGrp/BOYAmt020048682
IRS990/TotalAssetsGrp/EOYAmt021486836
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0614528
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016892796
IRS990/TotalLiabilitiesEOYAmt018320531
IRS990/TotalLiabilitiesGrp/BOYAmt016892796
IRS990/TotalLiabilitiesGrp/EOYAmt018320531
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03155886
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03166305
IRS990/TotalOtherCompensationAmt07517
IRS990/TotalProgramServiceRevenueAmt0468000
IRS990/TotalReportableCompFromOrgAmt0124467
IRS990/TotalRevenueGrp/ExclusionAmt0156947
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0468000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0624947
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020048682
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021486836
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.tcubeloit.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Amy Jacobson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PresidentCEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06083628983
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Teachers Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0TEAC
ReturnHeader/Filer/EIN0390736227
ReturnHeader/Filer/USAddress/AddressLine1Txt02315 Prairie Avenue
ReturnHeader/Filer/USAddress/CityNm0Beloit
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053511
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391127312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WCUL Services Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0N25W2313 Paul Rd Suite 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pewaukee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053072
ReturnHeader/PreparerPersonGrp/PhoneNum02625490200
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari Thompson
ReturnHeader/ReturnTs02016-08-12T17:12:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,486,836
Liabilities
$18,320,531
Net assets
$3,166,305
Revenue
$624,947
Expenses
$614,528
Net income
$10,419
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$37.2$32.7$4.44$1.91$1.66$0.25
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.8$33.6$4.19$1.71$1.43$0.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.3$29.4$3.91$1.35$1.02$0.33
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$32.6$29.1$3.58$0.91$0.82$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.7$27.2$3.49$0.84$0.79$0.05
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$29.0$25.6$3.44$0.84$0.74$0.10
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$24.5$21.2$3.34$0.88$0.80$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$20.7$3.26$0.80$0.75$0.05
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$22.7$19.5$3.21$0.68$0.64$0.03
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$18.3$3.18$0.64$0.63$0.01
2015Detailed filing. Detailed filing data is available for this year.$21.5$18.3$3.17$0.62$0.61$0.01
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$16.9$3.16$0.60$0.60$0.00
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$20.6$17.5$3.15$0.59$0.58$0.01
2012Summary only. Only limited summary data is available for this year.$17.7$14.5$3.14$0.59$0.59$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$14.4$3.14$0.59
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.6$13.5$3.13$0.66