Civic Intelligence

Iron County Community Credit Union

990 • Fiscal year 2016 • EIN 39-0833053

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 06, 2017

5702 W US Hwy 2Hurley, WI 54534

(715) 561-2842

Siviq Scores

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

Liabilities / Assets

60th percentile

0.88x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

37th percentile

18.02x

Higher debt load relative to revenue than 37% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Net Margin

51st percentile

6.2%

Higher net margin than 51% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

63rd percentile

$80,754

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Asset Growth

45th percentile

1.2%

Faster asset growth than 45% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

33rd percentile

0.1%

Faster revenue growth than 33% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$23,785,658

Up $292,950 (+1.2%) from 2015

Net Assets

Up

$2,937,615

Up $71,750 (+2.5%) from 2015

Liabilities

Up

$20,848,043

Up $221,200 (+1.1%) from 2015

Revenue

Up

$1,156,814

Up $1,506 (+0.1%) from 2015

Expenses

Up

$1,085,064

Up $88,847 (+8.9%) from 2015

Net Income

Down

$71,750

Down $87,341 (-55%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $17,149,360Liabilities 2011: $14,820,647Net Assets 2011: $2,328,7132011Assets 2012: $19,241,671Liabilities 2012: $16,729,129Net Assets 2012: $2,512,5422012Assets 2013: $20,677,847Liabilities 2013: $18,035,152Net Assets 2013: $2,642,6952013Assets 2014: $22,493,768Liabilities 2014: $19,786,994Net Assets 2014: $2,706,7742014Assets 2015: $23,492,708Liabilities 2015: $20,626,843Net Assets 2015: $2,865,8652015Assets 2016: $23,785,658Liabilities 2016: $20,848,043Net Assets 2016: $2,937,6152016Assets 2017: $24,699,238Liabilities 2017: $21,482,663Net Assets 2017: $3,216,5752017Assets 2018: $25,888,935Liabilities 2018: $22,346,488Net Assets 2018: $3,542,4472018Assets 2019: $28,283,257Liabilities 2019: $24,227,588Net Assets 2019: $4,055,6692019Assets 2020: $35,407,810Liabilities 2020: $30,969,262Net Assets 2020: $4,438,5482020Assets 2021: $44,331,710Liabilities 2021: $39,474,041Net Assets 2021: $4,857,6692021Assets 2022: $43,715,405Liabilities 2022: $38,306,780Net Assets 2022: $5,408,6252022

Highlighted filing

2016

Assets$23,785,658
Liabilities$20,848,043
Net Assets$2,937,615

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Expenses 2011: $838,0622011Revenue 2012: $1,099,233Expenses 2012: $915,404Net Income 2012: $183,8292012Revenue 2013: $1,060,984Expenses 2013: $930,831Net Income 2013: $130,1532013Revenue 2014: $1,138,785Expenses 2014: $1,046,224Net Income 2014: $92,5612014Revenue 2015: $1,155,308Expenses 2015: $996,217Net Income 2015: $159,0912015Revenue 2016: $1,156,814Expenses 2016: $1,085,064Net Income 2016: $71,7502016Revenue 2017: $1,228,746Expenses 2017: $949,786Net Income 2017: $278,9602017Revenue 2018: $1,245,019Expenses 2018: $919,148Net Income 2018: $325,8712018Revenue 2019: $1,386,417Expenses 2019: $873,196Net Income 2019: $513,2212019Revenue 2020: $1,276,729Expenses 2020: $893,850Net Income 2020: $382,8792020Revenue 2021: $1,217,058Expenses 2021: $797,937Net Income 2021: $419,1212021Revenue 2022: $1,569,046Expenses 2022: $1,018,090Net Income 2022: $550,9562022

Highlighted filing

2016

Revenue$1,156,814
Expenses$1,085,064
Net Income$71,750
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$1,170,814
Mission and Program Overview

Mission

The iron county community credit union is a member-owned community based financial co-operative, whose goal is to become its members' preferred financial institution, offering a reasonable range of financial services at fair and reasonable rates.

The Iron County Community Credit Union is a member-owned community based financial co-operative, whose goal is to become its members preferred financial institution, offering a reasonable range of financial services at fair and reasonable rates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$14,129,171$15,677,236▲ $1,548,065
Savings and Temporary Cash Investments$7,544,901$6,529,223▼ $1,015,678
Rtn Earn Endowment Incm Other Fnds$2,865,865$2,937,615▲ $71,750
Cash and Non-Interest-Bearing Accounts$794,275$599,700▼ $194,575
Land, Buildings, and Equipment, Net$425,927$395,194▼ $30,733
Investments Program Related$292,431$300,742▲ $8,311
Prepaid Expenses and Deferred Charges$210,358$119,609▼ $90,749
Accounts Receivable$49,645$60,545▲ $10,900
Total Assets$23,492,708$23,785,658▲ $292,950
Other Assets Total$46,000$103,409▲ $57,409
Liabilities
Other Liabilities$20,592,405$20,816,862▲ $224,457
Accounts Payable and Accrued Expenses$34,438$31,181▼ $3,257
Total Liabilities$20,626,843$20,848,043▲ $221,200
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,865,865$2,937,615▲ $71,750
Total Liabilities and Net Assets / Fund Balance$23,492,708$23,785,658▲ $292,950

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$311,559$301,935$613,494
Other Land Buildings-$315,708$315,708
Equipment$28,045$255,098$283,143
Land$55,590-$55,590
Investment Program Related Org$95,464--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dale R GottschalkCEOFT$79,912$842$80,754

Board Members and Trustees

NameTitle
Susan WolfeChair
Olive NiemiVice-Chair
Dale OfstadDirector
Laura GrossDirector
Ronald AhonenDirector
Charlene NewhouseSecretary
Stephen HarmaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,098,980
Investment Income
$52,952
Other Revenue
$4,882
Change in Net Assets
$71,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$728,573
Salaries, Compensation, and Employee Benefits$356,491
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$212,110
Other Salaries and Wages---$208,241
Current Officers, Directors, Trustees, and Key Employees---$79,912
Fees for Services Other---$51,285
Depreciation Depletion---$48,152
Occupancy---$46,117
Information Technology---$40,692
Advertising---$34,253
Other Expenses-$30,557-$30,557
Other Employee Benefits---$27,210
Payroll Taxes---$25,059
Insurance---$21,384
Pension Plan Contributions---$16,069
Payments to Affiliates---$13,964
Fees for Services Legal---$13,236
All Other Expenses---$12,227
Conferences and Meetings---$6,040
Fees for Services Accounting---$3,907
Travel---$2,458
Total Functional Expenses$0$0$0$1,085,064
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$20,813,714
Accrued Dividends$3,148
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
No
Other officer compensation reviewed
No
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

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 will review the prepared 990 before it is filed.

Conflict of interest policy compliance Part VI line 12C

An annual review of policies is done

Governing documents etc available to public Part VI line 19

They are available upon request.

Filing and Contact Details

Filer

Filer Name
Iron County Community Credit Union
EIN
39-0833053
Address
5702 W US HWY 2, Hurley, WI 54534

Signing Officer

Name
Dale R Gottschalk
Title
CEO
Phone
7155612842
Signed
2017-11-06
Discuss with paid preparer
No

Organization Details

Principal Officer
Dale R Gottschalk
Formed
1950
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
10
Volunteers
7

Preparer

Firm
WCUL Services Corp
Address
N25W2313 Paul Rd Suite 500, Pewaukee, WI 53072
Preparer
Cari Thompson
Phone
2625490200
Supplemental Narrative

Additional Explanations

Unrelated business income explanation Part V line 3B

The 990T will be filed via US Postal mail the same day the Form 990 is e-filed.

Raw XML Appendix386 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/ReconcilationRevenueExpnssAmt071750
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt04882
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt04882
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02865865
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02937615
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07544901
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06529223
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0311559
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0301935
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0613494
IRS990ScheduleD/EquipmentGrp/BookValueAmt028045
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0255098
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0283143
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0202778
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt295464
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1WISCUB
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CCCU-PIC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt055590
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055590
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0315708
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0315708
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020813714
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13148
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Dividends
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0395194
IRS990ScheduleD/TotalBookValueProgramRltdAmt0300742
IRS990ScheduleD/TotalLiabilityAmt020816862
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990T will be filed via US Postal mail the same day the Form 990 is e-filed.
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 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/ExplanationTxt4Management will review the prepared 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5An annual review of policies is done
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6They are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Unrelated business income explanation Part V line 3b
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/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt023492708
IRS990/TotalAssetsEOYAmt023785658
IRS990/TotalAssetsGrp/BOYAmt023492708
IRS990/TotalAssetsGrp/EOYAmt023785658
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01085064
IRS990/TotalGrossUBIAmt0894
IRS990/TotalLiabilitiesBOYAmt020626843
IRS990/TotalLiabilitiesEOYAmt020848043
IRS990/TotalLiabilitiesGrp/BOYAmt020626843
IRS990/TotalLiabilitiesGrp/EOYAmt020848043
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02865865
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02937615
IRS990/TotalOtherCompensationAmt0842
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0497
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0497
IRS990/TotalProgramServiceRevenueAmt01098980
IRS990/TotalReportableCompFromOrgAmt079912
IRS990/TotalRevenueGrp/ExclusionAmt057834
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01098086
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01156814
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0894
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023492708
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023785658
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt02458
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.ironcccu.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Dale R Gottschalk
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07155612842
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Iron County Community Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0IRON
ReturnHeader/Filer/EIN0390833053
ReturnHeader/Filer/USAddress/AddressLine1Txt05702 W US HWY 2
ReturnHeader/Filer/USAddress/CityNm0Hurley
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054534
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0110D63440C42215569A41D88634943DBED7962F4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0110D63440C42215569A41D88634943DBED7962F4
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId03922392017312jkd0ykb
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-11-08
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.219.136.146
ReturnHeader/FilingSecurityInformation/IPDt02017-11-08
ReturnHeader/FilingSecurityInformation/IPTm019:02:17
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/PreparationDt02017-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari Thompson
ReturnHeader/ReturnTs02017-11-08T18:56:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.7$38.3$5.41$1.57$1.02$0.55
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.3$39.5$4.86$1.22$0.80$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.4$31.0$4.44$1.28$0.89$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$24.2$4.06$1.39$0.87$0.51
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.9$22.3$3.54$1.25$0.92$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.7$21.5$3.22$1.23$0.95$0.28
2016Detailed filing. Detailed filing data is available for this year.$23.8$20.8$2.94$1.16$1.09$0.07
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$23.5$20.6$2.87$1.16$1.00$0.16
2014Detailed filing. Detailed filing data is available for this year.$22.5$19.8$2.71$1.14$1.05$0.09
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$20.7$18.0$2.64$1.06$0.93$0.13
2012Summary only. Only limited summary data is available for this year.$19.2$16.7$2.51$1.10$0.92$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$14.8$2.33$0.84