Civic Intelligence

Aurora Credit Union

990 • Fiscal year 2012 • EIN 39-0930190

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 05, 2013

Organization Profilewww.auroracreditunion.org
3355 W Forest Home Ave53215
Siviq Scores

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

Liabilities / Assets

74th percentile

0.91x

Higher debt load relative to assets than 74% of similar nonprofits.

2012 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

37th percentile

2.5%

Faster asset growth than 37% of similar nonprofits.

2012 filings • 501(c)14 • $25M-$50M 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 / Assets74th percentile

Assets

Up

$40,600,575

Up $989,983 (+2.5%) from 2011

Net Assets

Up

$3,838,273

Up $422,264 (+12%) from 2011

Liabilities

Up

$36,762,302

Up $567,719 (+1.6%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,775,410

Up $45,640 (+2.6%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$60M$40M$20M$0Assets 2010: $38,218,181Liabilities 2010: $35,154,291Net Assets 2010: $3,063,8902010Assets 2011: $39,610,592Liabilities 2011: $36,194,583Net Assets 2011: $3,416,0092011Assets 2012: $40,600,575Liabilities 2012: $36,762,302Net Assets 2012: $3,838,2732012Assets 2013: $45,582,267Liabilities 2013: $41,342,143Net Assets 2013: $4,240,1242013Assets 2014: $45,719,858Liabilities 2014: $40,835,479Net Assets 2014: $4,884,3792014Assets 2016: $51,825,025Liabilities 2016: $45,594,996Net Assets 2016: $6,230,0292016Assets 2017: $54,279,568Liabilities 2017: $47,307,811Net Assets 2017: $6,971,7572017

Highlighted filing

2012

Assets$40,600,575
Liabilities$36,762,302
Net Assets$3,838,273
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Expenses 2010: $1,762,5512010Expenses 2011: $1,729,7702011Expenses 2012: $1,775,4102012Revenue 2013: $2,261,255Expenses 2013: $1,859,404Net Income 2013: $401,8512013Revenue 2014: $2,409,868Expenses 2014: $1,765,613Net Income 2014: $644,2552014Revenue 2016: $2,545,137Expenses 2016: $1,855,988Net Income 2016: $689,1492016Revenue 2017: $2,664,897Expenses 2017: $1,928,012Net Income 2017: $736,8852017

Highlighted filing

2012

Revenue-
Expenses$1,775,410
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 5, 2013
Return Version
2012v2.1
Gross Receipts
$2,198,327
Mission and Program Overview

Mission

State Chartered Credit Union - Please see Schedule O Statement 8 for detailed Mission Statement/Exempt Purpose

Major Activities

Activity 2
We funded 344 loans during 2012. As of 12/31/12, we had 94 mortgages/home equity lines,250 consumer loans, and 663 credit card accounts with our members. Aurora Credit Union granted 344 loans totaling $9,603,815 in 2012. This included 94 mortgages totaling $8,362,203. Its staff individually reviews and underwrites each loan according to Aurora Credit Union9s Board-approved policies. We hold and service all of our loans, including our mortgages.
Activity 3
We provide low-cost, high value financial products to members including Regular Checking with no minimum balance, no monthly service charge and unlimited checking writing privileges. Aurora Credit Union also offers tiered balance checking with competitive dividend rates. The Credit Union offers low-cost ATM access with free ATM deposits, free point-of-sale and free VISA Checkcard transactions. A principal objective is increasing the financial and educational resources available to members to enable them to make informed financial decisions. We reach out to the membership through multiple delivery channels: personal one-to-one consultation, electronic services inclusing interactive web-based third party products for purchasing autos and homes. All members receive identity theft recovery services at no charge.
Filing and Contact Details

Filer

EIN
39-0930190
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IRS990/Activity2/Description0We funded 344 loans during 2012. As of 12/31/12, we had 94 mortgages/home equity lines,250 consumer loans, and 663 credit card accounts with our members. Aurora Credit Union granted 344 loans totaling $9,603,815 in 2012. This included 94 mortgages totaling $8,362,203. Its staff individually reviews and underwrites each loan according to Aurora Credit Union9s Board-approved policies. We hold and service all of our loans, including our mortgages.
IRS990/Activity3/Description0We provide low-cost, high value financial products to members including Regular Checking with no minimum balance, no monthly service charge and unlimited checking writing privileges. Aurora Credit Union also offers tiered balance checking with competitive dividend rates. The Credit Union offers low-cost ATM access with free ATM deposits, free point-of-sale and free VISA Checkcard transactions. A principal objective is increasing the financial and educational resources available to members to enable them to make informed financial decisions. We reach out to the membership through multiple delivery channels: personal one-to-one consultation, electronic services inclusing interactive web-based third party products for purchasing autos and homes. All members receive identity theft recovery services at no charge.
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IRS990ScheduleO/GeneralExplanation/Explanation0The 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/GeneralExplanation/Explanation1The Board of Directors is elected by the membership utilizing their one vote per member
IRS990ScheduleO/GeneralExplanation/Explanation2Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organization9s 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/GeneralExplanation/Explanation3The Credit Union President completes the Form 990 worksheet and attests to its accuracy. The Form 990 preparation worksheet is simultaneously submitted to Aurora Credit Union9s Asset Liability Management Committee (ALCO) and the WI Credit Union League for review and filing. The President submits a copy of the League9s draft to Aurora Credit Union9s full Board of Directors for review. The Credit Union President reviews the League9s drafts for accuracy and simultaneously submits any proposed changes and/or clarifications to the League and the Board of Directors. After the Credit Union9s President receives confirmation that the 990 Form has been approved/accepted by the IRS, the filed 990 is distributed with the monthly Board of Director reports and recorded in the permanent Credit Union Board minutes.
IRS990ScheduleO/GeneralExplanation/Explanation4The CU maintains a copy of this policy that is described in detail in the Code of Conduct Policy for its credit union officials,including any modifications thereof;Aurora CU requires an initial acknowledgement of this code of conduct and requires a written acknowledgement of any subsequent material changes and the officials agreement to comply therewith;it retains written reports of any disclosures made by credit union officials in connection with this code of conduct.The CU specifically requires a written acknowledgement signed by the BOD and its President.The BOD reviews this policy as part of its regular policy review.The written acknowledgements of all credit union officials is made available in conj with the policy manual for regulatory examinations and independent external audit.
IRS990ScheduleO/GeneralExplanation/Explanation5The Board of Directors deliberates and makes a decision regarding the President9s salary after reviewing the President9s prior year9s goals and percentage achievement of these goals. Goals are quantifiable and include financial benchmarks for the Credit Union. Comparability data includes various salary surveys that result in competitive salary ranges for all positions, including the President/CEO.
IRS990ScheduleO/GeneralExplanation/Explanation6At The Annual Meeting, the prior year9s financial statements are distributed to the members and the Chairman of the Board of Directors or the Treasurer presents the Treasurer9s Report. The President also elaborates on the Credit Union9s financial statements. The Chairman notes that the Credit Union9s prior year9s independent audit report performed by an external CPA firm is available for viewing upon request at the Credit Union - members should speak to the President to establish an appointment. The 990 form is also available for viewing upon request - requests are directed to the President, Mary Gold. A copy of the Conflict of Interest Policy may also be viewed by members upon request.
IRS990ScheduleO/GeneralExplanation/Explanation7Launched Aurora Credit Union Facebook page to have ongoing conversation with members and Aurora caregivers, including Web page and event links to financial resources so Facebook users can make informed decisions for themselves and their families. Links include useful information about credit scores, teaching kids about money and how to save, etc.
IRS990ScheduleO/GeneralExplanation/Explanation8EXEMPT PURPOSE / MISSION STATEMENT - Aurora Credit Union is a cooperative, non-profit corporation incorporated under Wisconsin State Law to encourage thrift among its members, create a source of credit at a fair and reasonable cost, and provide an opportunity for its members to improve their economic and social conditions through low cost financial services and education.
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IRS990/TotalLiabilities/BOY036194583
IRS990/TotalLiabilitiesBOY036194583
IRS990/TotalLiabilities/EOY036762302
IRS990/TotalLiabilitiesEOY036762302
IRS990/TotalLiabNetAssetsFundBalances/BOY039610592
IRS990/TotalLiabNetAssetsFundBalances/EOY040600575
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers09
IRS990/TotalNetAssetsFundBalances/BOY03416009
IRS990/TotalNetAssetsFundBalances/EOY03838273
IRS990/TotalOtherCompensation038814
IRS990/TotalOtherRevenue0-152000
IRS990/TotalOthProgramServiceRevenue/RelatedOrExemptFunctionIncome020914
IRS990/TotalOthProgramServiceRevenue/TotalRevenueColumn020914
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceRevenue02335762
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg099357
IRS990/TotalRevenueCurrentYear02197674
IRS990/TotalRevenue/ExclusionAmount0-138088
IRS990/TotalRevenuePriorYear02102889
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome02335109
IRS990/TotalRevenue/TotalRevenueColumn02197674
IRS990/TotalRevenue/UnrelatedBusinessRevenue0653
IRS990/TransactionRelatedEntity0false
IRS990/Travel/Total013894
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UponRequest0X
IRS990/WebSite0www.aurora.org/creditunion
IRS990/WhistleblowerPolicy0true
IRS990/YearFormation01955
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0390930190
ReturnHeader/Filer/Name/BusinessNameLine10Aurora Credit Union
ReturnHeader/Filer/NameControl0AURO
ReturnHeader/Filer/USAddress/AddressLine103355 W Forest Home Ave
ReturnHeader/Filer/USAddress/City0Milwaukee
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode053215
ReturnHeader/Officer/AuthorizeThirdParty0false
ReturnHeader/Officer/DateSigned02013-08-05
ReturnHeader/Officer/Name0Mary Gold
ReturnHeader/Officer/Phone04146495270
ReturnHeader/Officer/Title0President
ReturnHeader/Preparer/DatePrepared02013-08-13
ReturnHeader/PreparerFirm/EIN0391127312
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10WCUL Services Corp
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10N25W23131 Paul Rd Suite 500
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0Pewaukee

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$40,600,575
Liabilities
$36,762,302
Net assets
$3,838,273
Revenue
-
Expenses
$1,775,410
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.3$47.3$6.97$2.66$1.93$0.74
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.8$45.6$6.23$2.55$1.86$0.69
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$45.7$40.8$4.88$2.41$1.77$0.64
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$45.6$41.3$4.24$2.26$1.86$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.6$36.8$3.84$1.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.6$36.2$3.42$1.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.2$35.2$3.06$1.76