Civic Intelligence

Coop Credit Union

990 • Fiscal year 2014 • EIN 39-0745853

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

Organization Profilewww.co-opcu.coop
100 E Main StBlack River Falls, WI 54615

(715) 284-5333

Siviq Scores

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

Liabilities / Assets

28th percentile

0.88x

Higher debt load relative to assets than 28% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

71st percentile

20.62x

Higher debt load relative to revenue than 71% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

72nd percentile

$485,763

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Asset Growth

63rd percentile

6.1%

Faster asset growth than 63% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

32nd percentile

-0.3%

Faster revenue growth than 32% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$274,779,676

Up $15,866,968 (+6.1%) from 2013

Net Assets

Up

$33,401,584

Up $2,213,410 (+7.1%) from 2013

Liabilities

Up

$241,378,092

Up $13,653,558 (+6.0%) from 2013

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin72nd percentile

Revenue

Down

$11,708,670

Down $37,481 (-0.3%) from 2013

Expenses

Up

$9,495,260

Up $399,965 (+4.4%) from 2013

Net Income

Down

$2,213,410

Down $437,446 (-17%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$600M$400M$200M$0Assets 2010: $222,997,003Liabilities 2010: $198,888,205Net Assets 2010: $24,108,7982010Assets 2011: $236,797,271Liabilities 2011: $210,833,956Net Assets 2011: $25,963,3152011Assets 2012: $252,930,052Liabilities 2012: $224,392,734Net Assets 2012: $28,537,3182012Assets 2013: $258,912,708Liabilities 2013: $227,724,534Net Assets 2013: $31,188,1742013Assets 2014: $274,779,676Liabilities 2014: $241,378,092Net Assets 2014: $33,401,5842014Assets 2015: $289,536,003Liabilities 2015: $253,463,994Net Assets 2015: $36,072,0092015Assets 2016: $305,199,809Liabilities 2016: $267,143,506Net Assets 2016: $38,056,3032016Assets 2017: $320,902,755Liabilities 2017: $281,133,881Net Assets 2017: $39,768,8742017Assets 2018: $337,923,865Liabilities 2018: $296,005,700Net Assets 2018: $41,918,1652018Assets 2019: $369,946,144Liabilities 2019: $325,909,657Net Assets 2019: $44,036,4872019Assets 2020: $419,971,565Liabilities 2020: $373,384,476Net Assets 2020: $46,587,0892020Assets 2021: $471,044,699Liabilities 2021: $420,661,155Net Assets 2021: $50,383,5442021Assets 2022: $497,735,230Liabilities 2022: $444,155,627Net Assets 2022: $53,579,6032022Assets 2023: $533,756,251Liabilities 2023: $475,703,152Net Assets 2023: $58,053,0992023Assets 2024: $571,744,845Liabilities 2024: $508,934,896Net Assets 2024: $62,809,9492024

Highlighted filing

2014

Assets$274,779,676
Liabilities$241,378,092
Net Assets$33,401,584
Open 2014 Filing

Operations Trend

Revenue Growth32nd percentile

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

$30M$20M$10M$0Expenses 2010: $9,696,7552010Expenses 2011: $9,670,8272011Expenses 2012: $9,118,4632012Revenue 2013: $11,746,151Expenses 2013: $9,095,295Net Income 2013: $2,650,8562013Revenue 2014: $11,708,670Expenses 2014: $9,495,260Net Income 2014: $2,213,4102014Revenue 2015: $12,339,912Expenses 2015: $9,994,753Net Income 2015: $2,345,1592015Revenue 2016: $12,916,495Expenses 2016: $10,932,201Net Income 2016: $1,984,2942016Revenue 2017: $13,643,032Expenses 2017: $11,930,461Net Income 2017: $1,712,5712017Revenue 2018: $15,592,993Expenses 2018: $13,443,701Net Income 2018: $2,149,2922018Revenue 2019: $16,512,148Expenses 2019: $14,395,986Net Income 2019: $2,116,1622019Revenue 2020: $17,350,130Expenses 2020: $14,835,720Net Income 2020: $2,514,4102020Revenue 2021: $17,551,199Expenses 2021: $13,613,152Net Income 2021: $3,938,0472021Revenue 2022: $18,627,722Expenses 2022: $14,589,227Net Income 2022: $4,038,4952022Revenue 2023: $22,146,492Expenses 2023: $18,566,876Net Income 2023: $3,579,6162023Revenue 2024: $29,165,673Expenses 2024: $25,703,272Net Income 2024: $3,462,4012024

Highlighted filing

2014

Revenue$11,708,670
Expenses$9,495,260
Net Income$2,213,410
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$12,093,338
Mission and Program Overview

Mission

Serving our members, where they are, through all stages of life.

Serving our members, where they are, through all stage of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$227,157,078$239,331,164▲ $12,174,086
Rtn Earn Endowment Incm Other Fnds$31,188,174$33,401,584▲ $2,213,410
Savings and Temporary Cash Investments$9,581,927$14,549,918▲ $4,967,991
Investments Other Securities$8,008,561$7,005,537▼ $1,003,024
Land, Buildings, and Equipment, Net$4,566,217$5,061,397▲ $495,180
Investments Program Related$4,098,282$4,165,386▲ $67,104
Cash and Non-Interest-Bearing Accounts$3,974,873$2,855,167▼ $1,119,706
Accounts Receivable$398,222$383,350▼ $14,872
Prepaid Expenses and Deferred Charges$162,978$262,891▲ $99,913
Total Assets$258,912,708$274,779,676▲ $15,866,968
Other Assets Total$964,570$1,164,866▲ $200,296
Liabilities
Other Liabilities$226,546,947$240,891,561▲ $14,344,614
Accounts Payable and Accrued Expenses$1,177,587$486,531▼ $691,056
Total Liabilities$227,724,534$241,378,092▲ $13,653,558
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,188,174$33,401,584▲ $2,213,410
Total Liabilities and Net Assets / Fund Balance$258,912,708$274,779,676▲ $15,866,968

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,599,258$1,242,643$4,841,901
Equipment$472,954$937,147$1,410,101
Other Land Buildings$300,693$893,996$1,194,689
Land$688,492-$688,492
Investment Program Related Org$1,941,887--
Other Securities$7,005,537--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric ChrisingerPresidentCEOFT$139,707$346,056$485,763
Timothy TranbergEVP LendingFT$88,365$25,584$113,949
Sherry L IversonEVP AccountingFT$74,508$16,262$90,770
Michele SteienVice President-Human ResourceFT$72,610$16,783$89,393
Marianne TorkelsonVP Business DevFT$58,811$21,313$80,124
Eric SkogstadVP-Audit & CompFT$69,998$9,566$79,564
Kristine GoetzkaVP OperationsFT$52,971$19,751$72,722
David OverlienSecretary-$9,413-$9,413
Kay FinchDirector-$8,078-$8,078
Richard OlsonVice-Chair-$7,980-$7,980
Daniel EsserDirector-$7,365-$7,365
Charles TorgersonChairman-$7,265-$7,265
Timothy TorkelsonDirector-$7,000-$7,000
Steven HogdenTreasurer-$6,410-$6,410
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,075,943
Investment Income
$573,849
Other Revenue
$58,878
Change in Net Assets
$2,213,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,187,775
Salaries, Compensation, and Employee Benefits$4,307,485
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,232,050
Other Employee Benefits---$936,039
Current Officers, Directors, Trustees, and Key Employees---$656,505
Office Expenses---$375,576
Information Technology---$328,621
Depreciation Depletion---$285,183
Occupancy---$260,849
Pension Plan Contributions---$248,466
Payroll Taxes---$234,425
Advertising---$231,618
All Other Expenses---$167,539
Conferences and Meetings---$142,793
Insurance---$115,006
Fees for Services Other---$90,846
Fees for Services Legal---$68,652
Other Expenses-$37,801-$37,801
Payments to Affiliates---$37,353
Travel---$34,852
Fees for Services Accounting---$29,100
Interest---$799
Total Functional Expenses$0$0$0$9,495,260
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$240,514,857
Deferred Credits$373,360
Accrued Dividends$3,344
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

Officer directors etc family relationship Part VI line 2

“Marianne Torkelson is Sister-In-Law and Timothy Torkelson is Brother-In-Law”

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.”

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 organization's 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

“The board will get a copy to review before it is filed.”

CEO executive director top management comp Part VI line 15A

“The board approves the CEO compensation . The CEO & HR determine the salaries of the other key employees with the help of salary survey information.”

Other officer or key employee compensation Part VI line 15B

“The board approves the CEO compensation . The CEO & HR determine the salaries of the other key employees with the help of salary survey information.”

Governing documents etc available to public Part VI line 19

“The financials are posted in the lobby of each full service branch and all the other items are available upon request.”

Filing and Contact Details

Filer

Filer Name
Co-op Credit Union
EIN
39-0745853
Address
100 E Main St, Black River Falls, WI 54615
Doing Business As
Co-op Credit Union

Signing Officer

Name
Sherry Iverson
Title
Vice President
Phone
7152845333
Signed
2015-05-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Eric Chrisinger
Formed
1938
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
91
Volunteers
7

Preparer

Firm
WCUL Services Corp
Address
N25W23131 Paul Rd Suite 500, Pewaukee, WI 53072
Preparer
Cari Thompson
Phone
2625490200
Supplemental Narrative

Additional Explanations

Audited by an independent accountant Part XII line 2B

“Only the Statement of Financial Position (Balance Sheet) was audited as of March 31, 2014. The full financials of the credit union have not been audited as of December 31, 2014.”

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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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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0374343
IRS990/GrossReceiptsAmt012093338
IRS990/GrossRentsGrp/RealAmt03400
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0328621
IRS990/InsuranceGrp/TotalAmt0115006
IRS990/InterestGrp/TotalAmt0799
IRS990/InvestmentIncomeGrp/ExclusionAmt0583178
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0583178
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt08008561
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt07005537
IRS990/InvestmentsProgramRelatedGrp/BOYAmt04098282
IRS990/InvestmentsProgramRelatedGrp/EOYAmt04165386
IRS990/IRPDocumentCnt04884
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03073786
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04566217
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05061397
IRS990/LandBldgEquipCostOrOtherBssAmt08135183
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0383672
IRS990/LessRentalExpensesGrp/RealAmt0996
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Serving our members, where they are, through all stage of life.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt031188174
IRS990/NetAssetsOrFundBalancesEOYAmt033401584
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-9329
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-9329
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt02404
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02404
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0260849
IRS990/OfficeExpensesGrp/TotalAmt0375576
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0964570
IRS990/OtherAssetsTotalGrp/EOYAmt01164866
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0936039
IRS990/OtherExpensesGrp/Desc0Members Dividends on Shares
IRS990/OtherExpensesGrp/Desc1Provision for Loan Loss
IRS990/OtherExpensesGrp/Desc2Loan Servicing Expense
IRS990/OtherExpensesGrp/Desc3Member Account Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01971467
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1237665
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2772055
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt337801
IRS990/OtherExpensesGrp/TotalAmt01971467
IRS990/OtherExpensesGrp/TotalAmt1237665
IRS990/OtherExpensesGrp/TotalAmt2772055
IRS990/OtherExpensesGrp/TotalAmt337801
IRS990/OtherLiabilitiesGrp/BOYAmt0226546947
IRS990/OtherLiabilitiesGrp/EOYAmt0240891561
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt025751
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt025751
IRS990/OtherRevenueTotalAmt025751
IRS990/OtherSalariesAndWagesGrp/TotalAmt02232050
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0227157078
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0239331164
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt037353
IRS990/PayrollTaxesGrp/TotalAmt0234425
IRS990/PensionPlanContributionsGrp/TotalAmt0248466
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0162978
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0262891
IRS990/PrincipalOfficerNm0Eric Chrisinger
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/BusinessCd3519100
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Member AccountCard fee
IRS990/ProgramServiceRevenueGrp/Desc2Insurance Sales
IRS990/ProgramServiceRevenueGrp/Desc3Non-Member ATM
IRS990/ProgramServiceRevenueGrp/Desc4Account Loan Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09872609
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1753311
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2108277
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3333878
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09872609
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1753311
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2108277
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37868
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4333878
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt07868
IRS990/ProgSrvcAccomActy2Grp/Desc0We have deposit, transaction, and investment accounts with 16,800 members at 12/31. During 2014, we opened 3,730 new deposit, transaction and investment accounts.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0552396
IRS990/PYOtherExpensesAmt05129895
IRS990/PYOtherRevenueAmt045836
IRS990/PYProgramServiceRevenueAmt011147919
IRS990/PYRevenuesLessExpensesAmt02650856
IRS990/PYSalariesCompEmpBnftPaidAmt03965400
IRS990/PYTotalExpensesAmt09095295
IRS990/PYTotalRevenueAmt011746151
IRS990/ReconcilationRevenueExpnssAmt02213410
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt02404
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt030723
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt030723
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt031188174
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt033401584
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09581927
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014549918
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03599258
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01242643
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04841901
IRS990ScheduleD/EquipmentGrp/BookValueAmt0472954
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0937147
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01410101
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02223499
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11941887
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CCCU MCSD & PIC
IRS990ScheduleD/LandGrp/BookValueAmt0688492
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0688492
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0300693
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0893996
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01194689
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0240514857
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2373360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Dividends
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Credits
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt07005537
IRS990ScheduleD/OtherSecuritiesGrp/Desc0US Government Securities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05061397
IRS990ScheduleD/TotalBookValueProgramRltdAmt04165386
IRS990ScheduleD/TotalBookValueSecuritiesAmt07005537
IRS990ScheduleD/TotalLiabilityAmt0240891561
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0139707
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount035000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt018573
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0281457
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt011026
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Eric Chrisinger
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PresidentCEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0485763
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Marianne Torkelson is Sister-In-Law and Timothy Torkelson is Brother-In-Law
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 member.
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 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/ExplanationTxt4The board will get a copy to review before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The board approves the CEO compensation . The CEO & HR determine the salaries of the other key employees with the help of salary survey information.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The board approves the CEO compensation . The CEO & HR determine the salaries of the other key employees with the help of salary survey information.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The financials are posted in the lobby of each full service branch and all the other items are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Only the Statement of Financial Position (Balance Sheet) was audited as of March 31, 2014. The full financials of the credit union have not been audited as of December 31, 2014.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Audited by an independent accountant Part XII line 2b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0258912708
IRS990/TotalAssetsEOYAmt0274779676
IRS990/TotalAssetsGrp/BOYAmt0258912708

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$274,779,676
Liabilities
$241,378,092
Net assets
$33,401,584
Revenue
$11,708,670
Expenses
$9,495,260
Net income
$2,213,410
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$572$509$62.8$29.2$25.7$3.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$534$476$58.1$22.1$18.6$3.58
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$498$444$53.6$18.6$14.6$4.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$471$421$50.4$17.6$13.6$3.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$420$373$46.6$17.4$14.8$2.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$370$326$44.0$16.5$14.4$2.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$338$296$41.9$15.6$13.4$2.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$321$281$39.8$13.6$11.9$1.71
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$305$267$38.1$12.9$10.9$1.98
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$290$253$36.1$12.3$9.99$2.35
2014Detailed filing. Detailed filing data is available for this year.$275$241$33.4$11.7$9.50$2.21
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$259$228$31.2$11.7$9.10$2.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$253$224$28.5$9.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$237$211$26.0$9.67
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$223$199$24.1$9.70
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