Civic Intelligence

Hayward Community Credit Union

990 • Fiscal year 2013 • EIN 39-0860430

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 24, 2014

PO Box 876Hayward, WI 54843

(715) 634-8931

Siviq Scores

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

Liabilities / Assets

45th percentile

0.89x

Higher debt load relative to assets than 45% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

53rd percentile

18.74x

Higher debt load relative to revenue than 53% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

39th percentile

6.4%

Higher net margin than 39% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

51st percentile

$127,913

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

13th percentile

-2.7%

Faster asset growth than 13% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

25th percentile

-4.4%

Faster revenue growth than 25% of similar nonprofits.

2013 filings • $50M-$100M nonprofits • Annualized from 2012 to 2013

Assets

Down

$61,585,624

Down $1,732,790 (-2.7%) from 2012

Net Assets

Down

$6,839,299

Down $94,029 (-1.4%) from 2012

Liabilities

Down

$54,746,325

Down $1,638,761 (-2.9%) from 2012

Revenue

Down

$2,921,460

Down $135,517 (-4.4%) from 2012

Expenses

Up

$2,733,594

Up $34,048 (+1.3%) from 2012

Net Income

Down

$187,866

Down $169,565 (-47%) from 2012

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $60,670,349Liabilities 2010: $54,583,562Net Assets 2010: $6,086,7872010Assets 2011: $62,690,608Liabilities 2011: $56,008,614Net Assets 2011: $6,681,9942011Assets 2012: $63,318,414Liabilities 2012: $56,385,086Net Assets 2012: $6,933,3282012Assets 2013: $61,585,624Liabilities 2013: $54,746,325Net Assets 2013: $6,839,2992013Assets 2015: $65,010,221Liabilities 2015: $58,040,886Net Assets 2015: $6,969,3352015Assets 2017: $72,185,801Liabilities 2017: $65,118,630Net Assets 2017: $7,067,1712017Assets 2018: $70,827,014Liabilities 2018: $63,615,376Net Assets 2018: $7,211,6382018Assets 2019: $75,005,197Liabilities 2019: $66,822,548Net Assets 2019: $8,182,6492019Assets 2020: $89,435,636Liabilities 2020: $80,549,446Net Assets 2020: $8,886,1902020Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2013

Assets$61,585,624
Liabilities$54,746,325
Net Assets$6,839,299

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,724,2722010Expenses 2011: $2,889,2762011Revenue 2012: $3,056,977Expenses 2012: $2,699,546Net Income 2012: $357,4312012Revenue 2013: $2,921,460Expenses 2013: $2,733,594Net Income 2013: $187,8662013Revenue 2015: $2,788,034Expenses 2015: $2,827,297Net Income 2015: -$39,2632015Revenue 2017: $3,159,173Expenses 2017: $2,953,222Net Income 2017: $205,9512017Revenue 2018: $3,487,657Expenses 2018: $3,226,316Net Income 2018: $261,3412018Revenue 2019: $3,621,043Expenses 2019: $2,984,689Net Income 2019: $636,3542019Revenue 2020: $3,337,674Expenses 2020: $2,980,183Net Income 2020: $357,4912020Revenue 2022: $3,467,648Expenses 2022: $3,254,957Net Income 2022: $212,6912022

Highlighted filing

2013

Revenue$2,921,460
Expenses$2,733,594
Net Income$187,866
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 24, 2014
Return Version
2013v3.1
Gross Receipts
$3,726,389
Mission and Program Overview

Mission

To serve our members and community by promoting financial stability and quality of life.

To serve our members & community by promoting financial stability and quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$41,956,979$42,513,712▲ $556,733
Investments in Publicly Traded Securities$13,379,199$10,317,079▼ $3,062,120
Rtn Earn Endowment Incm Other Fnds$6,933,328$6,839,299▼ $94,029
Savings and Temporary Cash Investments$4,142,401$4,757,288▲ $614,887
Land, Buildings, and Equipment, Net$1,480,898$1,432,298▼ $48,600
Investments Program Related$1,327,667$1,358,417▲ $30,750
Cash and Non-Interest-Bearing Accounts$321,258$690,901▲ $369,643
Prepaid Expenses and Deferred Charges$74,085$79,613▲ $5,528
Total Assets$63,318,414$61,585,624▼ $1,732,790
Other Assets Total$635,927$436,316▼ $199,611
Liabilities
Other Liabilities$56,078,369$54,585,961▼ $1,492,408
Accounts Payable and Accrued Expenses$186,678$160,364▼ $26,314
Unsecured Notes Loans Payable$120,039--
Total Liabilities$56,385,086$54,746,325▼ $1,638,761
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,933,328$6,839,299▼ $94,029
Total Liabilities and Net Assets / Fund Balance$63,318,414$61,585,624▼ $1,732,790

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$763,309$406,157$1,169,466
Equipment$196,957$433,404$630,361
Land$472,032-$472,032
Other Land Buildings-$10,550$10,550
Investment Program Related Org$354,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cliff WilliamsPresidentCEOFT$105,000$22,913$127,913
Stephanie LaaksonVpcaoFT$55,938$4,845$60,783
Kristin TingoCOOFT$53,399$4,670$58,069
Peter KoskinenCLOFT$48,095$4,135$52,230
Nicole KutybaCAOFT$38,768$8,849$47,617
Edward HedicanCLOFT$27,992$2,461$30,453
James AhrensTreasurer-$1,300-$1,300
Curtis BeckerSecretary-$1,000-$1,000
Deborah LaSavage2nd Vice Chair-$900-$900
John S DvorakChair-$900-$900
Sally Gagan1st Vice Chair-$900-$900
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,653,529
Investment Income
$298,859
Other Revenue
$-30,928
Change in Net Assets
$187,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,412,096
Other Expenses$1,321,498
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$783,996
Current Officers, Directors, Trustees, and Key Employees---$334,192
Information Technology---$219,732
Office Expenses---$179,618
Other Employee Benefits---$119,149
Depreciation Depletion---$95,221
Payroll Taxes---$90,787
Advertising---$87,663
Pension Plan Contributions---$83,972
Occupancy---$51,339
Conferences and Meetings---$35,479
Other Expenses-$33,392-$33,392
Travel---$31,866
All Other Expenses---$28,845
Payments to Affiliates---$25,811
Insurance---$25,504
Interest---$4,777
Total Functional Expenses$0$0$0$2,733,594
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 SharesCertificates$54,585,961
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

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

Board reviews form 990 prior to filing at a regular Board meeting.

Conflict of interest policy compliance Part VI line 12C

Review of the policy annually at the reorganization meeting

CEO executive director top management comp Part VI line 15A

Wisconsin Credit Union League does an annual compensation survey which is consulted to see that current compensation is reasonable.

Other officer or key employee compensation Part VI line 15B

Wisconsin Credit Union League does an annual compensation survey which is consulted to see that current compensation is reasonable.

Governing documents etc available to public Part VI line 19

Annual financial statements are posted in the lobby. Other documents would be made available upon request pending consultation with the Credit Union attorney.

Filing and Contact Details

Filer

EIN
39-0860430

Signing Officer

Name
Cliff Williams
Title
President
Phone
7156348931
Signed
2014-04-24
Discuss with paid preparer
No

Organization Details

Principal Officer
Cliff Williams
Formed
1935
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
36
Volunteers
5

Preparer

Preparer
Cari Thompson
Phone
2625490200
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IRS990/OtherRevenueTotalAmt0-36984
IRS990/OtherSalariesAndWagesGrp/TotalAmt0783996
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt041956979
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt042513712
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt025811
IRS990/PayrollTaxesGrp/TotalAmt090787
IRS990/PensionPlanContributionsGrp/TotalAmt083972
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt074085
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt079613
IRS990/PrincipalOfficerNm0Cliff Williams
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2519100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Insurance Sales
IRS990/ProgramServiceRevenueGrp/Desc2Member AccountCard Fee
IRS990/ProgramServiceRevenueGrp/Desc3Other Member Fee Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02333877
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15024
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2299878
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt314750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02333877
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15024
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2299878
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt314750
IRS990/ProgSrvcAccomActy2Grp/Desc0We funded 1146 loans during 2013. As of 12/31/13, we had 493 mortgages/home equity, 956 consumer loans, 64 member business loans, and 217 credit card accounts with our members.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0503466
IRS990/PYOtherExpensesAmt01453755
IRS990/PYOtherRevenueAmt0-45759
IRS990/PYProgramServiceRevenueAmt02599270
IRS990/PYRevenuesLessExpensesAmt0357431
IRS990/PYSalariesCompEmpBnftPaidAmt01245791
IRS990/PYTotalExpensesAmt02699546
IRS990/PYTotalRevenueAmt03056977
IRS990/ReconcilationRevenueExpnssAmt0187866
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt06056
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06933328
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06839299
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04142401
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04757288
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0763309
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0406157
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01169466
IRS990ScheduleD/EquipmentGrp/BookValueAmt0196957
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0433404
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0630361
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0528029
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2474888
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3354500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1WISCUB
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CCCU MCS & PCC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3FHLB Stock
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt0472032
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0472032
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010550
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt054585961
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member SharesCertificates
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01432298
IRS990ScheduleD/TotalBookValueProgramRltdAmt01358417
IRS990ScheduleD/TotalLiabilityAmt054585961
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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/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/ExplanationTxt3Board reviews form 990 prior to filing at a regular Board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Review of the policy annually at the reorganization meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Wisconsin Credit Union League does an annual compensation survey which is consulted to see that current compensation is reasonable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Wisconsin Credit Union League does an annual compensation survey which is consulted to see that current compensation is reasonable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Annual financial statements are posted in the lobby. Other documents would be made available upon request pending consultation with the Credit Union attorney.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt063318414
IRS990/TotalAssetsEOYAmt061585624
IRS990/TotalAssetsGrp/BOYAmt063318414
IRS990/TotalAssetsGrp/EOYAmt061585624
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02733594
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt056385086
IRS990/TotalLiabilitiesEOYAmt054746325
IRS990/TotalLiabilitiesGrp/BOYAmt056385086
IRS990/TotalLiabilitiesGrp/EOYAmt054746325
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06933328
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06839299
IRS990/TotalOtherCompensationAmt047873
IRS990/TotalProgramServiceRevenueAmt02653529
IRS990/TotalReportableCompFromOrgAmt0334192
IRS990/TotalRevenueGrp/ExclusionAmt0304915
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02616545
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02921460
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt063318414
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt061585624
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt031866
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0120039
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.hccuonline.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Cliff Williams
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07156348931
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine10Hayward Community Credit Union

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$3.47$3.25$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.4$80.5$8.89$3.34$2.98$0.36
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$75.0$66.8$8.18$3.62$2.98$0.64
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.8$63.6$7.21$3.49$3.23$0.26
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$72.2$65.1$7.07$3.16$2.95$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.0$58.0$6.97$2.79$2.83$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2013Detailed filing. Detailed filing data is available for this year.$61.6$54.7$6.84$2.92$2.73$0.19
2012Summary only. Only limited summary data is available for this year.$63.3$56.4$6.93$3.06$2.70$0.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.7$56.0$6.68$2.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.7$54.6$6.09$2.72
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