Civic Intelligence

Metro Credit Union

EIN 39-0920755

View Organization Page

25 Belknap Street54880
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

No filing with officer or executive compensation is available for this organization yet.

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $30,377,125 (-100%) from 2011

Liabilities

Down

$0

Down $27,359,256 (-100%) from 2011

Net Assets

Down

$0

Down $3,017,869 (-100%) from 2011

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$837,281

Down $824,916 (-50%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $30,791,838Liabilities 2010: $27,681,572Net Assets 2010: $3,110,2662010Assets 2011: $30,377,125Liabilities 2011: $27,359,256Net Assets 2011: $3,017,8692011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012

Highlighted filing

2012

Assets$0
Liabilities$0
Net Assets$0
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2010: $2,187,4712010Expenses 2011: $1,662,1972011Expenses 2012: $837,2812012

Highlighted filing

2012

Revenue-
Expenses$837,281
Net Income-
Open 2012 Filing

Filings

Most recent year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
-
Expenses
$837,281
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.4$27.4$3.02$1.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.8$27.7$3.11$2.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to May 31, 2012
Signed
Jul 12, 2012
Return Version
2011v1.2
Gross Receipts
$602,173
Mission and Program Overview

Major Activities

Activity 2
The credit union has several types of loan programs available for our members. We funded 326 new loans during 2012. As of 05/31/12 we had 2,837 loans to our members.
Filing and Contact Details

Filer

EIN
39-0920755
Raw XML AppendixShowing 400 of 447 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/Activity2/Description0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 326 NEW LOANS DURING 2012. AS OF 05/31/12 WE HAD 2,837 LOANS TO OUR MEMBERS.
IRS990/ActivityOrMissionDescription0METRO CREDIT UNION IS DEDICATED AND FOCUSED ON MEETING THE COMMUNITIES' EVOLVING FINANCIAL NEEDS WHILE MAINTAINING OUR FINANCIAL STABILITY. WE AFFIRM WE ARE A MEMBER-OWNED, MEMBER-DRIVEN, NOT-FOR-PROFIT FINANCIAL ORGANIZATION.
IRS990/ActivityOther/Description0THE CREDIT UNION IS PART OF THE VITA PROGRAM. WE ALLOW VITA VOLUNTEERS TO USE OUR OFFICE SPACE TO PREPARE TAX REUTRNS FOR INDIVIDUALS WHO QUALIFY FOR THE VITA PROGRMA.
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IRS990/Description0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 186 NEW DEPOSIT ACCOUNTS IN 2012. AS OF 05/31/12 WE HAD 5,9362 MEMBERS.
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IRS990/Form990PartVIISectionA/Title1VICE CHAIR
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IRS990/Form990PartVIISectionA/Title4DIRECTOR
IRS990/Form990PartVIISectionA/Title5DIRECTOR
IRS990/Form990PartVIISectionA/Title6DIRECTOR
IRS990/Form990PartVIISectionA/Title7EXECUTIVE VP
IRS990/Form990PartVIISectionA/Title8PRESIDENT /
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0ESCROW LIABILITY ARRANGEMENT EXPLANATION
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0SCHEDULE D, PAGE 2, PART IV, LINE 2B
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IRS990ScheduleN/Form990ScheduleNPartIII/Explanation0PETER MORAN CHAIRMAN OF THE BOARD OF METRO CREDIT UNION WILL BECOME A DIRECTOR OF HERMANTOWN FEDERAL CREDIT UNION GAYLE WAHNER VICE CHAIRMAN OF THE BOARD OF METRO CREDIT UNION WILL BECOME A DIRECTOR OF HERMANTOWN FEDERAL CREDIT UNION FRANCES JAMES CEO OF METRO CREDTI UNION RECEIVED A SEVERANCE PAYMENT PRIOR TO MERGER AS SHE WILL NOT BECOME AN EMPLOYE OF HERMANTOWN FEDERAL CREDIT UNION ALICE GREIFZU EXECURITVE VICE PRESIDENT OF METRO CREDIT UNION RECEIVED A SEVERANCE PAYMENT PRIOR TO MERGER AS SHE WILL NOT BECOME A PERMANENT EMPLOYE OF HERMANTOWN FEDERAL CREDIT UNION
IRS990ScheduleN/Form990ScheduleNPartIII/Explanation1METRO CREDIT UNION MERGERED INTO HERMANTOWN FEDERAL CREDIT UNION ON JUNE 1 2012 A COPY OF THE REGULATORY APPROVAL IS INCLUDED WITH THIS RETURN
IRS990ScheduleN/Form990ScheduleNPartIII/Identifier0DETAIL
IRS990ScheduleN/Form990ScheduleNPartIII/Identifier1ADDITIONAL INFORMATION
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IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/AddressLine124477 LAVAQUE ROAD
IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/AddressLine134477 LAVAQUE ROAD
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IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/City4HERMANTOWN
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IRS990ScheduleN/LiquidationTable/LiquidationDetail/DescriptionOfAsset0CASH ON HAND & DEPOSIT
IRS990ScheduleN/LiquidationTable/LiquidationDetail/DescriptionOfAsset1INVESTMENTS
IRS990ScheduleN/LiquidationTable/LiquidationDetail/DescriptionOfAsset2LOANS TO MEMBERS
IRS990ScheduleN/LiquidationTable/LiquidationDetail/DescriptionOfAsset3FIXED ASSETS
IRS990ScheduleN/LiquidationTable/LiquidationDetail/DescriptionOfAsset4OTHER ASSETS
IRS990ScheduleN/LiquidationTable/LiquidationDetail/DescriptionOfAsset5VALUATION SERVICES
IRS990ScheduleN/LiquidationTable/LiquidationDetail/DescriptionOfAsset6LEGAL SERVICES-MERGER
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IRS990ScheduleN/LiquidationTable/LiquidationDetail/MethodOfFMVDetermination0BOOK VALUE
IRS990ScheduleN/LiquidationTable/LiquidationDetail/MethodOfFMVDetermination1BOOK VALUE
IRS990ScheduleN/LiquidationTable/LiquidationDetail/MethodOfFMVDetermination2BOOK VALUE
IRS990ScheduleN/LiquidationTable/LiquidationDetail/MethodOfFMVDetermination3BOOK VALUE
IRS990ScheduleN/LiquidationTable/LiquidationDetail/MethodOfFMVDetermination4BOOK VALUE
IRS990ScheduleN/LiquidationTable/LiquidationDetail/MethodOfFMVDetermination5FIXED FEE
IRS990ScheduleN/LiquidationTable/LiquidationDetail/MethodOfFMVDetermination6HOURLY RAT
IRS990ScheduleN/LiquidationTable/LiquidationDetail/NamePerson0HERMANTOWN FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationTable/LiquidationDetail/NamePerson1HERMANTOWN FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationTable/LiquidationDetail/NamePerson2HERMANTOWN FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationTable/LiquidationDetail/NamePerson3HERMANTOWN FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationTable/LiquidationDetail/NamePerson4HERMANTOWN FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationTable/LiquidationDetail/NamePerson5WILARY WINN
IRS990ScheduleN/LiquidationTable/LiquidationDetail/NamePerson6MAKILEDIN BICK OLSON SC
IRS990ScheduleN/OwnerOfSuccessor0false
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IRS990ScheduleN/RequiredToNotifyAG0true
IRS990ScheduleO/GeneralExplanation/Explanation0METRO CREDIT UNION IS DEDICATED AND FOCUSED ON MEETING THE COMMUNITIES' EVOLVING FINANCIAL NEEDS WHILE MAINTAINING OUR FINANCIAL STABILITY. WE AFFIRM WE ARE A MEMBER-OWNED, MEMBER-DRIVEN, NOT-FOR-PROFIT FINANCIAL ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation1METRO CREDIT UNION MERGERED WITH HERMANTOWN FEDERAL CREDIT UNION ON JUNE 1, 2012.
IRS990ScheduleO/GeneralExplanation/Explanation2THE CREDIT UNION IS PART OF THE VITA PROGRAM. WE ALLOW VITA VOLUNTEERS TO USE OUR OFFICE SPACE TO PREPARE TAX REUTRNS FOR INDIVIDUALS WHO QUALIFY FOR THE VITA PROGRMA.
IRS990ScheduleO/GeneralExplanation/Explanation3CATHERINE BEEBE FRANCES JAMES BOARD SECTRY PRESIDENT SISTERS
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation5THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation6A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation7MANAGEMENT PROVIDES THE NECESSARY DOCUMENTATION TO THE INDEPENDENT CPA WHO PREPARES THE RETURN. WHEN THE RETURN IS COMPLETED BY THE CPA, MANAGEMENT REVIEWS IT, AND THEN AUTHORIZES THE CPA TO FILE THE RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation8EACH EMPLOYEE ANNUALLY COMPLETES AND SIGNS A CONFLICT OF INTEREST STATEMENT AND IS REQUIRED TO DISCLOSE ANY SUCH CONFLICTS.
IRS990ScheduleO/GeneralExplanation/Explanation9WE OBTAIN COMPARABILITY DATA FROM THE WI CULEAGUE COMPENSATION SURVEYS, CEO COMPENSATION IS REVIEWED AND APPROVED BY BOARD COMMITTEE. OFFICER DATA IS SUBMITTED TO THE BOARD AS PART OF BUDGETING REVIEW AND APPROVAL PROCESS.
IRS990ScheduleO/GeneralExplanation/Explanation10WE OBTAIN COMPARABILITY DATA FROM THE WI CULEAGUE COMPENSATION SURVEYS, CEO COMPENSATION IS REVIEWED AND APPROVED BY BOARD COMMITTEE. OFFICER DATA IS SUBMITTED TO THE BOARD AS PART OF BUDGETING REVIEW AND APPROVAL PROCESS.
IRS990ScheduleO/GeneralExplanation/Explanation11FINANCIAL STATEMENTS VAILABLE AT ANNUAL MEETING. BYLAWS ARE AVAILABLE FOR REVIEW ON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation12METRO CREDIT UNION MERGED INTO HERMANTOWN FEDERAL CREDIT UNION ON JUNE 1, 2012. THE NET ASSETS WERE TRANSFERRED TO HERMANTOWN FEDERAL CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1ANY SIGNIFICANT CHANGES IN CONDUCT FOR PROGRAM SERVICES
IRS990ScheduleO/GeneralExplanation/Identifier2ALL OTHER ACCOMPLISHMENT DESCRIPTION
IRS990ScheduleO/GeneralExplanation/Identifier3RELATED PARTY INFORMATION AMONG OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier4CLASSES OF MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier5ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier6DECISIONS SUBJECT TO APPROVAL OF MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier7ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier8ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier9COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier10COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier11GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier12OTHER CHANGES IN NET ASSETS EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 2, PART III, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference10FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference11FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference12FORM 990, PART XI, LINE 5
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0true
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0WI
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0true
IRS990/TerminatedReturn0X
IRS990/TerminationOrContraction0X
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine104477 LAVAQUE ROAD
IRS990/TheBooksAreInCareOf/AddressUS/City0HERMANTOWN
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055811
IRS990/TheBooksAreInCareOf/NamePerson0SCOTT LUNDGREN
IRS990/TheBooksAreInCareOf/TelephoneNumber02187402277
IRS990/TotalAssets/BOY030377125
IRS990/TotalAssetsBOY030377125
IRS990/TotalAssets/EOY00
IRS990/TotalAssetsEOY00
IRS990/TotalCompGT150K0false
IRS990/TotalExpensesCurrentYear0837281
IRS990/TotalExpensesPriorYear01662197
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices00
IRS990/TotalFunctionalExpenses/Total0837281
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI03004

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