Civic Intelligence

Valley Credit Union

990 • Fiscal year 2013 • EIN 39-0932162

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

Organization ProfileWWW.VCUCF.ORG

View Organization Page

1680 East Park Ave54729

(715) 723-2216

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.87x

Higher debt load relative to assets than 42% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

89th percentile

29.26x

Higher debt load relative to revenue than 89% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Net Margin

42nd percentile

4.4%

Higher net margin than 42% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

7th percentile

-5.2%

Faster asset growth than 7% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M 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

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$28,510,694

Down $1,559,800 (-5.2%) from 2012

Net Assets

Up

$3,575,223

Up $37,568 (+1.1%) from 2012

Liabilities

Down

$24,935,471

Down $1,597,368 (-6.0%) from 2012

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin42nd percentile

Revenue

$852,133

No earlier filing loaded for comparison.

Expenses

Down

$814,565

Down $71,446 (-8.1%) from 2012

Net Income

$37,568

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$40M$30M$20M$10M$0Assets 2010: $28,203,325Liabilities 2010: $24,816,284Net Assets 2010: $3,387,0412010Assets 2011: $30,452,823Liabilities 2011: $26,981,902Net Assets 2011: $3,470,9212011Assets 2012: $30,070,494Liabilities 2012: $26,532,839Net Assets 2012: $3,537,6552012Assets 2013: $28,510,694Liabilities 2013: $24,935,471Net Assets 2013: $3,575,2232013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2013

Assets$28,510,694
Liabilities$24,935,471
Net Assets$3,575,223
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,031,6962010Expenses 2011: $926,3182011Expenses 2012: $886,0112012Revenue 2013: $852,133Expenses 2013: $814,565Net Income 2013: $37,5682013Revenue 2014: $784,984Expenses 2014: $1,127,289Net Income 2014: -$342,3052014

Highlighted filing

2013

Revenue$852,133
Expenses$814,565
Net Income$37,568
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 10, 2014
Return Version
2013v3.0
Gross Receipts
$852,133
Mission and Program Overview

Mission

The organization is a cooperative, nonprofit 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.

Valley credit union is a member owned and controlled, not for profit financial organization. Our credit union encourages regular savings and promotes thrift through a continuous educational effort, emphasizing the meaning and practice of thrift. Valley credit union's goal is to provide the best possible financial service to our members at competitive rates and to maintain the credit union's long term stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$20,145,621$17,917,162▼ $2,228,459
Other Notes and Loans Receivable, Net$8,299,558$8,951,650▲ $652,092
Rtn Earn Endowment Incm Other Fnds$2,699,097$2,736,665▲ $37,568
Pd in Cap Srpls Land Bldg Eqp Fund$838,558$838,558→ $0
Cash and Non-Interest-Bearing Accounts$521,085$621,449▲ $100,364
Land, Buildings, and Equipment, Net$419,295$376,472▼ $42,823
Savings and Temporary Cash Investments$266,526$262,244▼ $4,282
Prepaid Expenses and Deferred Charges$40,901$31,532▼ $9,369
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$30,070,494$28,510,694▼ $1,559,800
Other Assets Total$377,508$350,185▼ $27,323
Liabilities
Other Liabilities$26,364,556$24,749,078▼ $1,615,478
Accounts Payable and Accrued Expenses$168,283$186,393▲ $18,110
Total Liabilities$26,532,839$24,935,471▼ $1,597,368
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,537,655$3,575,223▲ $37,568
Total Liabilities and Net Assets / Fund Balance$30,070,494$28,510,694▼ $1,559,800

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$177,835$340,974$518,809
Equipment$76,337$397,200$473,537
Land$122,300-$122,300
Other Securities$722,153--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timm SmithCEO/treasurerFT$76,470$3,824$80,294
Lavonne KrauseVice-presidentFT$51,964$2,598$54,562

Board Members and Trustees

NameTitle
Robert ShakalChairperson
Michael ShakalVice-chairperson
David AlleyDirector
Jacqueline GibbsDirector
Terry AndersonDirector
Richard MechelkeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$560,144
Investment Income
$291,989
Other Revenue
$0
Change in Net Assets
$37,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$491,969
Salaries, Compensation, and Employee Benefits$321,762
Grants and Similar Amounts Paid$834
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$155,265
Current Officers, Directors, Trustees, and Key Employees---$134,856
Fees for Services Accounting---$59,887
Office Expenses---$58,132
Depreciation Depletion---$56,850
Information Technology---$46,504
Occupancy---$45,030
All Other Expenses---$33,656
Advertising---$28,886
Payroll Taxes---$25,156
Other Expenses---$18,049
Insurance---$13,998
Pension Plan Contributions---$6,485
Travel---$2,016
Conferences and Meetings---$1,038
Grants to Domestic Orgs---$834
Interest---$1
Total Functional Expenses$0$0$0$814,565
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
Share Drafts$12,692,321
Regular Shares$6,964,175
Certificates$3,388,999
I.R.A.'S$1,703,583
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
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 2

“Two board members are related. Robert shakal and michael shakal are brothers.”

Form 990, Part VI, Section A, Line 6

“The organization has members in communities located in western wisconsin.”

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

“The organization has members who elect members of the governing body annually.”

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

“Some decisions of the governing body are subject to approval by members of the organization.”

Form 990, Part VI, Section B, Line 11

“Credit union officers accumulate all 990 and 990t information, including the ubit calculations. Once all information is complete, the returns are prepared and then reviewed by the governing body.”

Form 990, Part VI, Section B, Line 15A

“Board approves president's compensation and president approves employee salaries.”

Form 990, Part VI, Section C, Line 19

“Organization documents are on display at the branch.”

Filing and Contact Details

Filer

EIN
39-0932162
Phone
7157232216

Signing Officer

Name
Timm Smith
Title
President
Phone
7157232216
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timm Smith
Formed
1953
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
6
Employees
10
Volunteers
6

Preparer

Preparer
Mary a Coates CPA
Phone
7158453111
Raw XML Appendix375 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2I.R.A.'S
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt016936000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1259009
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2722153
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN CERTIFICATE OF DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT IN CCCU
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0376472
IRS990ScheduleD/TotalBookValueSecuritiesAmt017917162
IRS990ScheduleD/TotalLiabilityAmt024749078
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO BOARD MEMBERS ARE RELATED. ROBERT SHAKAL AND MICHAEL SHAKAL ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS IN COMMUNITIES LOCATED IN WESTERN WISCONSIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOME DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CREDIT UNION OFFICERS ACCUMULATE ALL 990 AND 990T INFORMATION, INCLUDING THE UBIT CALCULATIONS. ONCE ALL INFORMATION IS COMPLETE, THE RETURNS ARE PREPARED AND THEN REVIEWED BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD APPROVES PRESIDENT'S COMPENSATION AND PRESIDENT APPROVES EMPLOYEE SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ORGANIZATION DOCUMENTS ARE ON DISPLAY AT THE BRANCH.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
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/TotalAssetsBOYAmt030070494
IRS990/TotalAssetsEOYAmt028510694
IRS990/TotalAssetsGrp/BOYAmt030070494
IRS990/TotalAssetsGrp/EOYAmt028510694
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/TotalAmt0814565
IRS990/TotalGrossUBIAmt01797
IRS990/TotalLiabilitiesBOYAmt026532839
IRS990/TotalLiabilitiesEOYAmt024935471
IRS990/TotalLiabilitiesGrp/BOYAmt026532839
IRS990/TotalLiabilitiesGrp/EOYAmt024935471
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03537655
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03575223
IRS990/TotalOtherCompensationAmt06422
IRS990/TotalProgramServiceRevenueAmt0560144
IRS990/TotalReportableCompFromOrgAmt0128434
IRS990/TotalRevenueGrp/ExclusionAmt0291989
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0558347
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0852133
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01797
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt030070494
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028510694
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02016
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101680 EAST PARK AVE
IRS990/USAddress/City0CHIPPEWA FALLS
IRS990/USAddress/State0WI
IRS990/USAddress/ZIPCode054729
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.VCUCF.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMM SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07157232216
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine10VALLEY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0390932162
ReturnHeader/Filer/PhoneNum07157232216
ReturnHeader/Filer/USAddress/AddressLine101680 EAST PARK AVE
ReturnHeader/Filer/USAddress/City0CHIPPEWA FALLS
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode054729
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WIPFLI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 8010
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0WAUSAU
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0544028010
ReturnHeader/PreparerPersonGrp/PhoneNum07158453111
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY A COATES CPA
ReturnHeader/ReturnTs02014-11-10T14:34:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,510,694
Liabilities
$24,935,471
Net assets
$3,575,223
Revenue
$852,133
Expenses
$814,565
Net income
$37,568
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.78$1.13$0.34
2013Detailed filing. Detailed filing data is available for this year.$28.5$24.9$3.58$0.85$0.81$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.1$26.5$3.54$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.5$27.0$3.47$0.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.2$24.8$3.39$1.03