Civic Intelligence

Community Credit Union

990 • Fiscal year 2013 • EIN 39-0837827

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 10, 2014

311 Main StreetLa Crosse, WI 54601

(608) 779-2400

Siviq Scores

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

Liabilities / Assets

56th percentile

0.90x

Higher debt load relative to assets than 56% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

30th percentile

15.70x

Higher debt load relative to revenue than 30% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Net Margin

33rd percentile

7.0%

Higher net margin than 33% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

61st percentile

$213,744

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Asset Growth

49th percentile

2.5%

Faster asset growth than 49% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$113,616,814

Up $2,760,673 (+2.5%) from 2012

Net Assets

Up

$11,171,705

Up $477,592 (+4.5%) from 2012

Liabilities

Up

$102,445,109

Up $2,283,081 (+2.3%) from 2012

Revenue

$6,524,814

No earlier filing loaded for comparison.

Expenses

Up

$6,066,558

Up $31,605 (+0.5%) from 2012

Net Income

$458,256

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $104,230,558Liabilities 2010: $93,301,208Net Assets 2010: $10,929,3502010Assets 2011: $105,630,871Liabilities 2011: $95,202,163Net Assets 2011: $10,428,7082011Assets 2012: $110,856,141Liabilities 2012: $100,162,028Net Assets 2012: $10,694,1132012Assets 2013: $113,616,814Liabilities 2013: $102,445,109Net Assets 2013: $11,171,7052013Assets 2014: $117,511,461Liabilities 2014: $105,142,020Net Assets 2014: $12,369,4412014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2013

Assets$113,616,814
Liabilities$102,445,109
Net Assets$11,171,705

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $7,033,9762010Expenses 2011: $6,903,7382011Expenses 2012: $6,034,9532012Revenue 2013: $6,524,814Expenses 2013: $6,066,558Net Income 2013: $458,2562013Revenue 2014: $6,597,009Expenses 2014: $5,436,107Net Income 2014: $1,160,9022014Revenue 2015: $4,525,901Expenses 2015: $3,923,493Net Income 2015: $602,4082015

Highlighted filing

2013

Revenue$6,524,814
Expenses$6,066,558
Net Income$458,256
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 10, 2014
Return Version
2013v3.0
Gross Receipts
$6,780,656
Mission and Program Overview

Mission

A credit union that provides financial services and puts members at the center of all decisions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$82,083,898$83,821,581▲ $1,737,683
Investments Other Securities$17,022,540$19,270,226▲ $2,247,686
Cap Stk Tr Prin Current Funds$5,745,900$5,745,900→ $0
Rtn Earn Endowment Incm Other Fnds$4,948,213$5,425,805▲ $477,592
Land, Buildings, and Equipment, Net$4,663,591$4,960,511▲ $296,920
Cash and Non-Interest-Bearing Accounts$2,313,013$1,725,779▼ $587,234
Accounts Receivable$668,456$167,974▼ $500,482
Prepaid Expenses and Deferred Charges$405,831$157,193▼ $248,638
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$110,856,141$113,616,814▲ $2,760,673
Other Assets Total$3,698,812$3,513,550▼ $185,262
Liabilities
Other Liabilities$99,207,206$101,916,270▲ $2,709,064
Accounts Payable and Accrued Expenses$912,322$488,319▼ $424,003
Deferred Revenue$36,009$27,122▼ $8,887
Escrow Account Liability$6,491$13,398▲ $6,907
Total Liabilities$100,162,028$102,445,109▲ $2,283,081
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,694,113$11,171,705▲ $477,592
Total Liabilities and Net Assets / Fund Balance$110,856,141$113,616,814▲ $2,760,673

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,430,492$1,074,911$4,505,403
Equipment$437,798$1,160,459$1,598,257
Land$1,040,702-$1,040,702
Leasehold Improvements$51,519$104,451$155,970
Other Land Buildings$0$12,238$12,238
Other Securities$19,270,226--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris ButlerCEO/presidentFT$147,262$66,482$213,744
Angie DouglasVP FinanceFT$68,168$13,343$81,511

Board Members and Trustees

NameTitle
William ColcoughChairperson
Edward JaekelVice-chairperson
Deb HoethDirector
Heidi EglashDirector
Kirk StoaDirector
James CrothersSecretary
Adam MuellerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CuanswersData Processing-$445,162
La Macchia Group LLCConsulting, Architectual Design And Cons-$312,469
Health TraditionsHealth Insurance Services-$306,341
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,941,881
Investment Income
$-126,501
Other Revenue
$709,434
Change in Net Assets
$458,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,898,089
Salaries, Compensation, and Employee Benefits$2,663,110
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,896,667
Office Expenses---$635,712
Benefits to Members---$505,359
Information Technology---$312,908
Current Officers, Directors, Trustees, and Key Employees---$295,255
Other Employee Benefits---$230,227
Occupancy---$210,230
Depreciation Depletion---$207,249
Advertising---$184,879
Payroll Taxes---$183,895
Other Expenses---$76,725
All Other Expenses---$73,417
Pension Plan Contributions---$57,066
Fees for Services Accounting---$43,842
Insurance---$33,821
Fees for Services Management---$22,663
Conferences and Meetings---$18,352
Travel---$13,297
Fees for Services Legal---$6,000
Total Functional Expenses$0$0$0$6,066,558
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
Total Share Accounts$101,916,270
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 6

The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.

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

Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, as vacancies arise, or otherwise.

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

Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.

Form 990, Part VI, Section B, Line 11

The president and strategic team will review form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

New employees are required to complete a conflict of interest form when they start and annually each employee updates theirs with any changes.

Form 990, Part VI, Section B, Line 15

Human resources will conduct a bi-annual report for each position in the credit union, including key employees. Three different salary surveys are compared, including cuna, wcul, and a regional/local survey as well.

Form 990, Part VI, Section C, Line 19

We hand out a condensed financial statement to our members at our annual meeting and also post this information on our website. Ncua provides online access to cu call reports.

Filing and Contact Details

Filer

EIN
39-0837827
Phone
6087792400

Signing Officer

Name
Angie Douglas
Title
VP Finance
Phone
6087792400
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angie Douglas
Formed
1931
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
68
Volunteers
7

Preparer

Preparer
Daniel W Edwards
Phone
5072886476
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

We are now required to hold escrows for property taxes and insurance for loans that are considered high priced mortgages under the home ownership and equity protection act, reg z.

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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/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2NON-MEMBER ATM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04520010
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11397771
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04520010
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11397771
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt224100
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt024100
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0574916
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-723193
IRS990/PYOtherExpensesAmt02717279
IRS990/PYOtherRevenueAmt0687442
IRS990/PYProgramServiceRevenueAmt06326074
IRS990/PYRevenuesLessExpensesAmt0255370
IRS990/PYSalariesCompEmpBnftPaidAmt02742758
IRS990/PYTotalExpensesAmt06034953
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06290323
IRS990/ReconcilationRevenueExpnssAmt0458256
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-23070
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04948213
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05425805
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03430492
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01074911
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04505403
IRS990ScheduleD/EquipmentGrp/BookValueAmt0437798
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01160459
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01598257
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01040702
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01040702
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051519
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0104451
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0155970
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012238
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012238
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0101916270
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TOTAL SHARE ACCOUNTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt019270226
IRS990ScheduleD/OtherSecuritiesGrp/Desc0TOTAL INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WE ARE NOW REQUIRED TO HOLD ESCROWS FOR PROPERTY TAXES AND INSURANCE FOR LOANS THAT ARE CONSIDERED HIGH PRICED MORTGAGES UNDER THE HOME OWNERSHIP AND EQUITY PROTECTION ACT, REG Z.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04960511
IRS990ScheduleD/TotalBookValueSecuritiesAmt019270226
IRS990ScheduleD/TotalLiabilityAmt0101916270
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0147262
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount026388
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt030729
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt09365
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHRIS BUTLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0213744
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT AND STRATEGIC TEAM WILL REVIEW FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NEW EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM WHEN THEY START AND ANNUALLY EACH EMPLOYEE UPDATES THEIRS WITH ANY CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HUMAN RESOURCES WILL CONDUCT A BI-ANNUAL REPORT FOR EACH POSITION IN THE CREDIT UNION, INCLUDING KEY EMPLOYEES. THREE DIFFERENT SALARY SURVEYS ARE COMPARED, INCLUDING CUNA, WCUL, AND A REGIONAL/LOCAL SURVEY AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WE HAND OUT A CONDENSED FINANCIAL STATEMENT TO OUR MEMBERS AT OUR ANNUAL MEETING AND ALSO POST THIS INFORMATION ON OUR WEBSITE. NCUA PROVIDES ONLINE ACCESS TO CU CALL REPORTS.
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 11
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0110856141
IRS990/TotalAssetsEOYAmt0113616814
IRS990/TotalAssetsGrp/BOYAmt0110856141
IRS990/TotalAssetsGrp/EOYAmt0113616814
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt068
IRS990/TotalFunctionalExpensesGrp/TotalAmt06066558
IRS990/TotalGrossUBIAmt024100
IRS990/TotalLiabilitiesBOYAmt0100162028
IRS990/TotalLiabilitiesEOYAmt0102445109
IRS990/TotalLiabilitiesGrp/BOYAmt0100162028
IRS990/TotalLiabilitiesGrp/EOYAmt0102445109
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010694113
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011171705
IRS990/TotalOtherCompensationAmt053437
IRS990/TotalProgramServiceRevenueAmt05941881
IRS990/TotalReportableCompFromOrgAmt0241818
IRS990/TotalRevenueGrp/ExclusionAmt0-149571
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06650285
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06524814
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt024100
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0110856141
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0113616814
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt013297
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10311 MAIN STREET

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