Civic Intelligence

Valley Communities Credit Union

990 • Fiscal year 2015 • EIN 39-0744482

Jan 01, 2015 to Dec 31, 2015 • Filed on May 10, 2016

Organization ProfileVALLEYCOMMUNITIES.ORG

View Organization Page

1105 Western AvenueMosinee, WI 54455

(715) 693-3400

Siviq Scores

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

Liabilities / Assets

16th percentile

0.86x

Higher debt load relative to assets than 16% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

74th percentile

21.10x

Higher debt load relative to revenue than 74% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Net Margin

70th percentile

14%

Higher net margin than 70% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

47th percentile

$194,606

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2015

Asset Growth

63rd percentile

5.9%

Faster asset growth than 63% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

59th percentile

5.7%

Faster revenue growth than 59% of similar nonprofits.

2015 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$136,658,184

Up $7,650,478 (+5.9%) from 2014

Net Assets

Up

$19,702,574

Up $790,856 (+4.2%) from 2014

Liabilities

Up

$116,955,610

Up $6,859,622 (+6.2%) from 2014

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin70th percentile

Revenue

Up

$5,543,691

Up $299,077 (+5.7%) from 2014

Expenses

Down

$4,750,292

Down $4,337 (-0.1%) from 2014

Net Income

Up

$793,399

Up $303,414 (+62%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$300M$200M$100M$0Assets 2010: $103,936,925Liabilities 2010: $87,073,517Net Assets 2010: $16,863,4082010Assets 2011: $110,312,822Liabilities 2011: $92,990,559Net Assets 2011: $17,322,2632011Assets 2012: $114,686,105Liabilities 2012: $96,700,210Net Assets 2012: $17,985,8952012Assets 2013: $121,625,405Liabilities 2013: $103,203,260Net Assets 2013: $18,422,1452013Assets 2014: $129,007,706Liabilities 2014: $110,095,988Net Assets 2014: $18,911,7182014Assets 2015: $136,658,184Liabilities 2015: $116,955,610Net Assets 2015: $19,702,5742015Assets 2016: $145,269,369Liabilities 2016: $124,473,251Net Assets 2016: $20,796,1182016Assets 2018: $164,300,420Liabilities 2018: $141,293,854Net Assets 2018: $23,006,5662018Assets 2019: $179,770,750Liabilities 2019: $155,222,243Net Assets 2019: $24,548,5072019Assets 2020: $205,282,266Liabilities 2020: $179,762,559Net Assets 2020: $25,519,7072020Assets 2021: $225,686,419Liabilities 2021: $199,467,720Net Assets 2021: $26,218,6992021Assets 2022: $234,151,522Liabilities 2022: $206,823,340Net Assets 2022: $27,328,1822022Assets 2024: $248,899,349Liabilities 2024: $217,393,803Net Assets 2024: $31,505,5462024

Highlighted filing

2015

Assets$136,658,184
Liabilities$116,955,610
Net Assets$19,702,574
Open 2015 Filing

Operations Trend

Revenue Growth59th percentile

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

$15M$10M$5.0M$0Expenses 2010: $5,411,5412010Expenses 2011: $4,844,9202011Expenses 2012: $4,516,4332012Revenue 2013: $5,099,604Expenses 2013: $4,660,549Net Income 2013: $439,0552013Revenue 2014: $5,244,614Expenses 2014: $4,754,629Net Income 2014: $489,9852014Revenue 2015: $5,543,691Expenses 2015: $4,750,292Net Income 2015: $793,3992015Revenue 2016: $6,026,103Expenses 2016: $4,931,215Net Income 2016: $1,094,8882016Revenue 2018: $7,371,811Expenses 2018: $6,194,505Net Income 2018: $1,177,3062018Revenue 2019: $8,205,600Expenses 2019: $6,658,367Net Income 2019: $1,547,2332019Revenue 2020: $7,619,348Expenses 2020: $6,651,964Net Income 2020: $967,3842020Revenue 2021: $7,045,989Expenses 2021: $6,346,948Net Income 2021: $699,0412021Revenue 2022: $8,456,168Expenses 2022: $7,346,398Net Income 2022: $1,109,7702022Revenue 2024: $13,676,935Expenses 2024: $11,331,272Net Income 2024: $2,345,6632024

Highlighted filing

2015

Revenue$5,543,691
Expenses$4,750,292
Net Income$793,399
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 10, 2016
Return Version
2015v2.1
Gross Receipts
$5,543,691
Mission and Program Overview

Mission

Our mission is to build lifelong relationships one member at a time; providing sound financial products and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$97,283,739$102,146,235▲ $4,862,496
Savings and Temporary Cash Investments$21,577,189$22,673,914▲ $1,096,725
Rtn Earn Endowment Incm Other Fnds$14,703,341$15,494,197▲ $790,856
Pd in Cap Srpls Land Bldg Eqp Fund$4,208,377$4,208,377→ $0
Land, Buildings, and Equipment, Net$4,202,019$4,087,820▼ $114,199
Cash and Non-Interest-Bearing Accounts$3,504,689$3,238,032▼ $266,657
Investments Program Related$1,994,184$2,941,560▲ $947,376
Prepaid Expenses and Deferred Charges$73,990$87,868▲ $13,878
Investments Other Securities$109,129$79,691▼ $29,438
Accounts Receivable$4,997$16,786▲ $11,789
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$129,007,706$136,658,184▲ $7,650,478
Other Assets Total$257,770$1,386,278▲ $1,128,508
Liabilities
Other Liabilities$109,476,887$116,353,366▲ $6,876,479
Accounts Payable and Accrued Expenses$619,101$602,244▼ $16,857
Total Liabilities$110,095,988$116,955,610▲ $6,859,622
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,911,718$19,702,574▲ $790,856
Total Liabilities and Net Assets / Fund Balance$129,007,706$136,658,184▲ $7,650,478

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,556,440$1,410,353$3,966,793
Equipment$384,056$1,295,785$1,679,841
Land$1,073,716-$1,073,716
Other Land Buildings$73,608$262,178$335,786
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly HladovcakCEOFT$145,539$49,067$194,606
Randy LeszczynskiCFOFT$100,643$50,861$151,504
Robin MrozinskiCOOFT$83,857$18,897$102,754
Gary EngebretsonChair-$4,010-$4,010
Elizabeth JakuszVice Chair-$2,349-$2,349
Harold MatisTreasurer-$2,349-$2,349
Susan KaupSecretary-$2,288-$2,288
James KrzmarcikDirector-$1,796-$1,796
David BittnerDirector-$1,734-$1,734
Jonathan AndersonDirector-$1,673-$1,673
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,313,811
Investment Income
$206,643
Other Revenue
$23,237
Change in Net Assets
$793,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,506,470
Other Expenses$2,243,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,611,504
Information Technology---$640,051
Current Officers, Directors, Trustees, and Key Employees---$356,429
Office Expenses---$325,143
Occupancy---$322,478
Other Employee Benefits---$238,912
Payroll Taxes---$161,229
Fees for Services Other---$141,430
Pension Plan Contributions---$138,396
Depreciation Depletion---$113,720
Conferences and Meetings---$102,245
Advertising---$64,170
Other Expenses---$31,394
Fees for Services Accounting---$21,143
Payments to Affiliates---$19,552
Fees for Services Legal---$2,728
Insurance---$726
Total Functional Expenses$0$0$0$4,750,292
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
Shares$116,353,366
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

Form 990, Part VI, Section A, Line 2

“David bittner & harold matis are brother-in-laws.”

Form 990, Part VI, Section A, 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.”

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

“The board of directors is elected by the membership utilizing their one vote per memeber.”

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

“Each member has one vote to utilize in ratifying significant decisions beyond the authority of the board as outlined in the organization's bylaws. Any decisions 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, Part VI, Section B, Line 11

“The board of directors will have a completed copy of the 990 presented at a meeting prior to filing.”

Form 990, Part VI, Section B, Line 15

“Ceo compensation is set by the board of directors after reviewing the individual and credit union peer data. All other staff is set by the ceo.”

Form 990, Part VI, Section C, Line 19

“The balance sheet is displayed in all offices as well as on the web site. Relase of additional records are covered in the vccu member inspection policy which covers records and minutes.”

Filing and Contact Details

Filer

Filer Name
Valley Communities Credit Union
EIN
39-0744482
Phone
7156933400
Address
1105 WESTERN AVENUE, MOSINEE, WI 54455

Signing Officer

Name
Randy Leszczynski
Title
CFO
Phone
7156933400
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Hladovcak
Formed
1935
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
64
Volunteers
7

Preparer

Firm
Hawkins Ash Cpas Llp
Address
2360 DUCK CREEK PARKWAY, GREEN BAY, WI 54303-3300
Preparer
Jeffrey Danen
Phone
9203369850
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“U.s. Gaap requires management to evaluate tax positions taken by the credit union and recognize a tax liability (or asset) if the credit union has taken an uncertain position that more likely than not would be sustained upon examination by a taxing authority. Management has analyzed the tax positions taken by the credit union, and has concluded that as of december 31, 2015, and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The credit union is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. 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 2012 and state examination for years before 2011.”

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IRS990/OtherSalariesAndWagesGrp/TotalAmt01611504
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt097283739
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0102146235
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt019552
IRS990/PayrollTaxesGrp/TotalAmt0161229
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt04208377
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt04208377
IRS990/PensionPlanContributionsGrp/TotalAmt0138396
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt073990
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt087868
IRS990/PrincipalOfficerNm0KELLY HLADOVCAK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBER FEES
IRS990/ProgramServiceRevenueGrp/Desc2INSURANCE AND COMMISSI
IRS990/ProgramServiceRevenueGrp/Desc3UBIT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04468116
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1737172
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt293453
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04468116
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1737172
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt293453
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315070
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt015070
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0157426
IRS990/PYOtherExpensesAmt02412131
IRS990/PYOtherRevenueAmt013699
IRS990/PYProgramServiceRevenueAmt05073489
IRS990/PYRevenuesLessExpensesAmt0489985
IRS990/PYSalariesCompEmpBnftPaidAmt02342498
IRS990/PYTotalExpensesAmt04754629
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05244614
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0793399
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt022995
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014703341
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt015494197
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021577189
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022673914
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02556440
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01410353
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03966793
IRS990ScheduleD/EquipmentGrp/BookValueAmt0384056
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01295785
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01679841
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01073716
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01073716
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt073608
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0262178
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0335786
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0116353366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CREDIT UNION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CREDIT UNION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CREDIT UNION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2015, AND 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CREDIT UNION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 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 2012 AND STATE EXAMINATION FOR YEARS BEFORE 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04087820
IRS990ScheduleD/TotalLiabilityAmt0116353366
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0145539
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1100643
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt020096
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt127162
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022363
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt120116
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt06608
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt13583
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KELLY HLADOVCAK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RANDY LESZCZYNSKI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0194606
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1151504
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVID BITTNER & HAROLD MATIS ARE BROTHER-IN-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMEBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED IN THE ORGANIZATION'S BYLAWS. ANY DECISIONS 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/ExplanationTxt4THE BOARD OF DIRECTORS WILL HAVE A COMPLETED COPY OF THE 990 PRESENTED AT A MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CEO COMPENSATION IS SET BY THE BOARD OF DIRECTORS AFTER REVIEWING THE INDIVIDUAL AND CREDIT UNION PEER DATA. ALL OTHER STAFF IS SET BY THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BALANCE SHEET IS DISPLAYED IN ALL OFFICES AS WELL AS ON THE WEB SITE. RELASE OF ADDITIONAL RECORDS ARE COVERED IN THE VCCU MEMBER INSPECTION POLICY WHICH COVERS RECORDS AND MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0129007706
IRS990/TotalAssetsEOYAmt0136658184
IRS990/TotalAssetsGrp/BOYAmt0129007706
IRS990/TotalAssetsGrp/EOYAmt0136658184
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt064
IRS990/TotalFunctionalExpensesGrp/TotalAmt04750292
IRS990/TotalGrossUBIAmt015070
IRS990/TotalLiabilitiesBOYAmt0110095988
IRS990/TotalLiabilitiesEOYAmt0116955610
IRS990/TotalLiabilitiesGrp/BOYAmt0110095988
IRS990/TotalLiabilitiesGrp/EOYAmt0116955610
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018911718
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt019702574
IRS990/TotalOtherCompensationAmt0108634
IRS990/TotalProgramServiceRevenueAmt05313811
IRS990/TotalReportableCompFromOrgAmt0356429
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05528621
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05543691
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt015070
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0129007706
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0136658184
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01105 WESTERN AVENUE
IRS990/USAddress/CityNm0MOSINEE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054455
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0VALLEYCOMMUNITIES.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$136,658,184
Liabilities
$116,955,610
Net assets
$19,702,574
Revenue
$5,543,691
Expenses
$4,750,292
Net income
$793,399
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$249$217$31.5$13.7$11.3$2.35
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.$234$207$27.3$8.46$7.35$1.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$226$199$26.2$7.05$6.35$0.70
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$205$180$25.5$7.62$6.65$0.97
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$180$155$24.5$8.21$6.66$1.55
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$164$141$23.0$7.37$6.19$1.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$145$124$20.8$6.03$4.93$1.09
2015Detailed filing. Detailed filing data is available for this year.$137$117$19.7$5.54$4.75$0.79
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$110$18.9$5.24$4.75$0.49
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$122$103$18.4$5.10$4.66$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$96.7$18.0$4.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$93.0$17.3$4.84
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$104$87.1$16.9$5.41