Civic Intelligence

Shoreline Credit Union

990 • Fiscal year 2020 • EIN 39-0795376

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 21, 2021

Organization ProfileWWW.SHORELINECU.ORG

View Organization Page

4400 Calumet AvenueManitowoc, WI 54220

(920) 793-4541

Siviq Scores

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

Liabilities / Assets

75th percentile

0.91x

Higher debt load relative to assets than 75% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

22.40x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Net Margin

20th percentile

3.5%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

27th percentile

$168,250

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Asset Growth

77th percentile

21%

Faster asset growth than 77% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

77th percentile

2.5%

Faster revenue growth than 77% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$112,157,705

Up $19,138,546 (+21%) from 2019

Net Assets

Up

$9,759,343

Up $703,985 (+7.8%) from 2019

Liabilities

Up

$102,398,362

Up $18,434,561 (+22%) from 2019

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin20th percentile

Revenue

Up

$4,570,508

Up $112,579 (+2.5%) from 2019

Expenses

Down

$4,409,164

Down $509,153 (-10%) from 2019

Net Income

Up

$161,344

Up $621,732 (+135%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$150M$100M$50M$0Assets 2010: $107,595,477Liabilities 2010: $97,667,287Net Assets 2010: $9,928,1902010Assets 2011: $112,856,048Liabilities 2011: $102,319,108Net Assets 2011: $10,536,9402011Assets 2012: $113,474,903Liabilities 2012: $104,676,238Net Assets 2012: $8,798,6652012Assets 2013: $98,909,068Liabilities 2013: $91,543,530Net Assets 2013: $7,365,5382013Assets 2014: $96,479,060Liabilities 2014: $87,253,192Net Assets 2014: $9,225,8682014Assets 2015: $91,877,742Liabilities 2015: $82,491,997Net Assets 2015: $9,385,7452015Assets 2016: $89,833,543Liabilities 2016: $80,519,468Net Assets 2016: $9,314,0752016Assets 2017: $96,490,631Liabilities 2017: $87,180,222Net Assets 2017: $9,310,4092017Assets 2018: $92,090,403Liabilities 2018: $82,807,298Net Assets 2018: $9,283,1052018Assets 2019: $93,019,159Liabilities 2019: $83,963,801Net Assets 2019: $9,055,3582019Assets 2020: $112,157,705Liabilities 2020: $102,398,362Net Assets 2020: $9,759,3432020Assets 2021: $123,040,300Liabilities 2021: $113,368,823Net Assets 2021: $9,671,4772021Assets 2022: $128,218,920Liabilities 2022: $119,249,503Net Assets 2022: $8,969,4172022Assets 2024: $128,507,145Liabilities 2024: $117,600,896Net Assets 2024: $10,906,2492024

Highlighted filing

2020

Assets$112,157,705
Liabilities$102,398,362
Net Assets$9,759,343
Open 2020 Filing

Operations Trend

Revenue Growth77th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $5,662,6812010Expenses 2011: $5,810,5072011Revenue 2012: $5,662,955Expenses 2012: $7,402,882Net Income 2012: -$1,739,9272012Revenue 2013: $5,937,675Expenses 2013: $7,746,624Net Income 2013: -$1,808,9492013Revenue 2014: $4,363,258Expenses 2014: $2,520,346Net Income 2014: $1,842,9122014Revenue 2015: $4,186,414Expenses 2015: $3,921,586Net Income 2015: $264,8282015Revenue 2016: $4,248,441Expenses 2016: $4,163,199Net Income 2016: $85,2422016Revenue 2017: $4,416,139Expenses 2017: $4,345,128Net Income 2017: $71,0112017Revenue 2018: $4,618,899Expenses 2018: $4,501,813Net Income 2018: $117,0862018Revenue 2019: $4,457,929Expenses 2019: $4,918,317Net Income 2019: -$460,3882019Revenue 2020: $4,570,508Expenses 2020: $4,409,164Net Income 2020: $161,3442020Revenue 2021: $4,937,848Expenses 2021: $4,326,202Net Income 2021: $611,6462021Revenue 2022: $5,354,568Expenses 2022: $4,937,168Net Income 2022: $417,4002022Revenue 2024: $7,272,021Expenses 2024: $6,336,536Net Income 2024: $935,4852024

Highlighted filing

2020

Revenue$4,570,508
Expenses$4,409,164
Net Income$161,344
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 21, 2021
Return Version
2020v4.1
Gross Receipts
$8,248,058
Mission and Program Overview

Mission

Our mission is to help our members achieve financial success. We achieve this by providing members with a safe place to save and borrow at reasonable rates. We excel at this by remaining committed to employing an honest, knowledgeable staff whose focus is on one member at a time.

State chartered credit union - please see schedule o statement 10 for detailed mission statement/exempt purpose

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$56,088,555$70,637,259▲ $14,548,704
Investments in Publicly Traded Securities$20,901,320$24,244,676▲ $3,343,356
Rtn Earn Endowment Incm Other Fnds$6,755,358$7,459,343▲ $703,985
Savings and Temporary Cash Investments$5,637,867$6,347,290▲ $709,423
Land, Buildings, and Equipment, Net$4,403,801$4,289,969▼ $113,832
Pd in Cap Srpls Land Bldg Eqp Fund$2,300,000$2,300,000→ $0
Investments Program Related$1,242,099$1,735,138▲ $493,039
Cash and Non-Interest-Bearing Accounts$1,073,193$1,102,921▲ $29,728
Receivables From Officers Etc$524,645$524,645→ $0
Accounts Receivable$335,238$238,619▼ $96,619
Prepaid Expenses and Deferred Charges$123,797$220,527▲ $96,730
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$93,019,159$112,157,705▲ $19,138,546
Other Assets Total$2,688,644$2,816,661▲ $128,017
Liabilities
Other Liabilities$83,315,595$97,762,107▲ $14,446,512
Mortgage Notes Payable Secured by Investment Property$65,000$4,000,000▲ $3,935,000
Accounts Payable and Accrued Expenses$583,206$636,255▲ $53,049
Total Liabilities$83,963,801$102,398,362▲ $18,434,561
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,055,358$9,759,343▲ $703,985
Total Liabilities and Net Assets / Fund Balance$93,019,159$112,157,705▲ $19,138,546

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,184,480$3,345,391$6,529,871
Equipment$371,948$2,535,030$2,906,978
Land$728,056-$728,056
Other Land Buildings$5,485-$5,485
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nathan GrossenbachCEOFT$130,383$37,867$168,250
Andrea SchmittRe & Mbl ManagerFT$103,402-$103,402
Steven HaensgenCFO/VPFT$77,323$6,842$84,165

Board Members and Trustees

NameTitle
Gretchen Bauknecht-pechChairperson
Colleen InmanVice Chair
Brian PowellBoard Member
James PfieferBoard Member
Sharon TomeDirector
Julie VogelSecretary
Chad SchwoererTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,872,260
Investment Income
$636,204
Other Revenue
$62,044
Change in Net Assets
$161,344
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,348,834
Salaries, Compensation, and Employee Benefits$2,060,330
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,407,281
Current Officers, Directors, Trustees, and Key Employees---$316,140
Depreciation Depletion---$263,169
Information Technology---$262,765
Office Expenses---$173,668
Other Employee Benefits---$161,359
Occupancy---$133,188
Payroll Taxes---$126,447
Advertising---$101,967
All Other Expenses---$88,702
Fees for Services Other---$84,993
Other Expenses---$60,023
Pension Plan Contributions---$49,103
Insurance---$42,485
Fees for Services Accounting---$41,700
Travel---$27,998
Interest---$649
Total Functional Expenses$0$0$0$4,409,164
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$524,645$524,645→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$97,762,107
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 35% controlled entity
No
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 6

“The organization consists of memebrs. To be a 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 member.”

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 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, Part VI, Section B, Line 11B

“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 12C

“Besides being in the policy, employees are required to fill out regular surveys asking to have relationships that could cause conflict.”

Form 990, Part VI, Section B, Line 15

“Compensation committee meeting, each officer will leave the room during conversation about their position. Compensation comittee meeting, committee consists of ceo and board of directors.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Shoreline Credit Union
EIN
39-0795376
Phone
9207934541
Address
4400 CALUMET AVENUE, MANITOWOC, WI 54220

Signing Officer

Name
Nathan Grossenbach
Title
CEO
Phone
9207934541
Signed
2021-06-21
Discuss with paid preparer
No

Organization Details

Principal Officer
Nathan Grossenbach
Formed
1941
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
50
Volunteers
7

Preparer

Firm
Hawkins Ash Cpas Llp
Address
520 N BROADWAY SUITE 250, GREEN BAY, WI 54303
Preparer
Jeffrey Danen
Phone
9203369850
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING -2.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“LOSS ON SALE OF ASSETS”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“LOSS ON SALE OF ASSETS”

Raw XML AppendixShowing 400 of 453 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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IRS990/OfficeExpensesGrp/TotalAmt0173668
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02688644
IRS990/OtherAssetsTotalGrp/EOYAmt02816661
IRS990/OtherChangesInNetAssetsAmt0-2
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0161359
IRS990/OtherExpensesGrp/Desc0DIVIDENDS TO MEMBERS
IRS990/OtherExpensesGrp/Desc1MEMBER ACCOUNT/CARD COS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt0393657
IRS990/OtherExpensesGrp/TotalAmt1343976
IRS990/OtherExpensesGrp/TotalAmt2329894
IRS990/OtherExpensesGrp/TotalAmt360023
IRS990/OtherLiabilitiesGrp/BOYAmt083315595
IRS990/OtherLiabilitiesGrp/EOYAmt097762107
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011787
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011787
IRS990/OtherRevenueTotalAmt011787
IRS990/OtherSalariesAndWagesGrp/TotalAmt01407281
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt056088555
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt070637259
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0126447
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt02300000
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt02300000
IRS990/PensionPlanContributionsGrp/TotalAmt049103
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0123797
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0220527
IRS990/PrincipalOfficerNm0NATHAN GROSSENBACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/Desc3INSURANCE SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02776915
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1508817
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2459997
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3111790
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02776915
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1509052
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2462703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3123590
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0235
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt12706
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt211800
IRS990/ProgSrvcAccomActy2Grp/Desc0WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 7,948 MEMBERS AT 12/31/20. DURING 2020 WE OPENED 1,327 NEW DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0566822
IRS990/PYOtherExpensesAmt02970211
IRS990/PYOtherRevenueAmt0116920
IRS990/PYProgramServiceRevenueAmt03774187
IRS990/PYRevenuesLessExpensesAmt0-460388
IRS990/PYSalariesCompEmpBnftPaidAmt01948106
IRS990/PYTotalExpensesAmt04918317
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04457929
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0524645
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0524645
IRS990/ReconcilationRevenueExpnssAmt0161344
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt050257
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06755358
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07459343
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05637867
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06347290
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03184480
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03345391
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06529871
IRS990ScheduleD/EquipmentGrp/BookValueAmt0371948
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02535030
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02906978
IRS990ScheduleD/LandGrp/BookValueAmt0728056
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0728056
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05485
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05485
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt097762107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON SALE OF ASSETS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE OF ASSETS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04289969
IRS990ScheduleD/TotalLiabilityAmt097762107
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0130383
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount05032
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt032835
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0NATHAN GROSSENBACH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0168250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0STEVE HAENSGEN (457F PARTICIPANT) - $10,060 AT 12/31/2020 NATHAN GROSSENBACH (457F PARTICIPANT) - $75,485 AT 12/31/2020
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0524645
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0SCOTT WILLMOTT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SPLIT DOLLAR LIFE INSURANCE AGREEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0524645
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0FORMER PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCOTT WILLMOTT IS THE FORMER PRESIDENT OF THE CREDIT UNION. DURING HIS EMPLOYMENT, THE CREDIT UNION ENTERED INTO A SPLIT DOLLAR LIFE INSURANCE AGREEMENT WITH A LOAN AMOUNT OF $524,645 SECURED BY THE LIFE INSURANCE POLICY.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 26
IRS990ScheduleL/TotalBalanceDueAmt0524645
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONSISTS OF MEMEBRS. TO BE A 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH 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/ExplanationTxt3THE BOARD OF DIRECTORS WILL HAVE A COMPLETED COPY OF THE 990 PRESENTED AT A MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BESIDES BEING IN THE POLICY, EMPLOYEES ARE REQUIRED TO FILL OUT REGULAR SURVEYS ASKING TO HAVE RELATIONSHIPS THAT COULD CAUSE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION COMMITTEE MEETING, EACH OFFICER WILL LEAVE THE ROOM DURING CONVERSATION ABOUT THEIR POSITION. COMPENSATION COMITTEE MEETING, COMMITTEE CONSISTS OF CEO AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ROUNDING -2.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt093019159
IRS990/TotalAssetsEOYAmt0112157705
IRS990/TotalAssetsGrp/BOYAmt093019159
IRS990/TotalAssetsGrp/EOYAmt0112157705
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/TotalAmt04409164
IRS990/TotalGrossUBIAmt014741
IRS990/TotalLiabilitiesBOYAmt083963801
IRS990/TotalLiabilitiesEOYAmt0102398362
IRS990/TotalLiabilitiesGrp/BOYAmt083963801
IRS990/TotalLiabilitiesGrp/EOYAmt0102398362
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09055358
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09759343
IRS990/TotalOtherCompensationAmt039677
IRS990/TotalProgramServiceRevenueAmt03872260

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$112,157,705
Liabilities
$102,398,362
Net assets
$9,759,343
Revenue
$4,570,508
Expenses
$4,409,164
Net income
$161,344
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$118$10.9$7.27$6.34$0.94
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.$128$119$8.97$5.35$4.94$0.42
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$123$113$9.67$4.94$4.33$0.61
2020Detailed filing. Detailed filing data is available for this year.$112$102$9.76$4.57$4.41$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$93.0$84.0$9.06$4.46$4.92$0.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.1$82.8$9.28$4.62$4.50$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$96.5$87.2$9.31$4.42$4.35$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.8$80.5$9.31$4.25$4.16$0.09
2015Detailed filing. Detailed filing data is available for this year.$91.9$82.5$9.39$4.19$3.92$0.26
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$96.5$87.3$9.23$4.36$2.52$1.84
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$98.9$91.5$7.37$5.94$7.75$1.81
2012Summary only. Only limited summary data is available for this year.$113$105$8.80$5.66$7.40$1.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$102$10.5$5.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$97.7$9.93$5.66