Civic Intelligence

Educational Employees Credit Union

EIN 39-0972211 • 501(c)14 • Janesville, WI

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Profile

Our credit union is a non-for-profit member-owned financial organization. Our goal is to provide the best possible financial services to our members at competitive rates and to maintain the credit union's long term financial stability.

2330 Kennedy RoadJanesville, WI 53545

www.wcul.org/eecu.htm

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.88x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

34.33x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2014

Net Margin

58th percentile

10%

Higher net margin than 58% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

42nd percentile

$74,412

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 21.4% of source-year revenue.

501(c)14 • $10M-$25M nonprofits • Source year 2014

Asset Growth

75th percentile

4.0%

Faster asset growth than 75% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

27th percentile

0.7%

Faster revenue growth than 27% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$13,634,862

Up $522,139 (+4.0%) from 2013

Liabilities

Up

$11,953,806

Up $486,313 (+4.2%) from 2013

Net Assets

Up

$1,681,056

Up $35,826 (+2.2%) from 2013

Operations
Liabilities / Revenue97th percentileNet Margin58th percentile

Revenue

Up

$348,239

Up $2,558 (+0.7%) from 2013

Expenses

Down

$312,413

Down $51,661 (-14%) from 2013

Net Income

Up

$35,826

Up $54,219 (+295%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

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

$15M$10M$5.0M$0Assets 2010: $10,909,577Liabilities 2010: $9,271,454Net Assets 2010: $1,638,1232010Assets 2011: $11,947,037Liabilities 2011: $10,299,346Net Assets 2011: $1,647,6912011Assets 2012: $12,848,121Liabilities 2012: $11,184,498Net Assets 2012: $1,663,6232012Assets 2013: $13,112,723Liabilities 2013: $11,467,493Net Assets 2013: $1,645,2302013Assets 2014: $13,634,862Liabilities 2014: $11,953,806Net Assets 2014: $1,681,0562014

Highlighted filing

2014

Assets$13,634,862
Liabilities$11,953,806
Net Assets$1,681,056
Open 2014 Filing

Operations Trend

Revenue Growth27th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $434,1282010Expenses 2011: $374,2732011Revenue 2012: $374,556Expenses 2012: $358,624Net Income 2012: $15,9322012Revenue 2013: $345,681Expenses 2013: $364,074Net Income 2013: -$18,3932013Revenue 2014: $348,239Expenses 2014: $312,413Net Income 2014: $35,8262014

Highlighted filing

2014

Revenue$348,239
Expenses$312,413
Net Income$35,826
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,634,862
Liabilities
$11,953,806
Net assets
$1,681,056
Revenue
$348,239
Expenses
$312,413
Net income
$35,826
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$13.6$12.0$1.68$0.35$0.31$0.04
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$13.1$11.5$1.65$0.35$0.36$0.02
2012Summary only. Only limited summary data is available for this year.$12.8$11.2$1.66$0.37$0.36$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$10.3$1.65$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$9.27$1.64$0.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 2, 2015
Return Version
2014v5.0
Gross Receipts
$348,239
Mission and Program Overview

Mission

Our credit union is a non-for-profit member-owned financial organization. Our goal is to provide the best possible financial services to our members at competitive rates and to maintain the credit union's long term financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,028,189$8,318,721▲ $290,532
Other Notes and Loans Receivable, Net$4,156,563$4,517,756▲ $361,193
Rtn Earn Endowment Incm Other Fnds$1,645,230$1,681,056▲ $35,826
Land, Buildings, and Equipment, Net$365,511$351,811▼ $13,700
Investments Program Related$208,023$212,718▲ $4,695
Cash and Non-Interest-Bearing Accounts$300,771$204,405▼ $96,366
Prepaid Expenses and Deferred Charges$40,766$19,406▼ $21,360
Total Assets$13,112,723$13,634,862▲ $522,139
Other Assets Total$12,900$10,045▼ $2,855
Liabilities
Other Liabilities$11,454,623$11,940,815▲ $486,192
Accounts Payable and Accrued Expenses$12,870$12,991▲ $121
Total Liabilities$11,467,493$11,953,806▲ $486,313
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,645,230$1,681,056▲ $35,826
Total Liabilities and Net Assets / Fund Balance$13,112,723$13,634,862▲ $522,139

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$226,888$185,632$412,520
Equipment$11,827$126,023$137,850
Land$113,096-$113,096
Investment Program Related Org$98,345--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barbara L BerkenPresidentFT$64,288$10,124$74,412
Jessica M DavisVice PresFT$33,000$5,501$38,501

Board Members and Trustees

NameTitle
Donald E TyriverChairman
David SchollmeierVice-Chair
Devon J SchlegelDirector
Jean BoyleDirector
Kimberly BernDirector
Michaele A AdairDirector
Phyllis BickfordDirector
Barbara L BosakSecretary
Dean MartinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$254,778
Investment Income
$89,818
Other Revenue
$3,643
Change in Net Assets
$35,826
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,391
Salaries, Compensation, and Employee Benefits$156,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$97,288
Other Salaries and Wages---$28,042
Information Technology---$27,463
Office Expenses---$23,352
Occupancy---$22,800
Depreciation Depletion---$17,483
Other Employee Benefits---$11,484
Insurance---$10,958
Payroll Taxes---$9,905
Pension Plan Contributions---$9,303
Payments to Affiliates---$8,858
All Other Expenses---$8,037
Other Expenses-$4,700-$4,700
Conferences and Meetings---$2,926
Advertising---$1,615
Fees for Services Accounting---$1,557
Fees for Services Other---$755
Total Functional Expenses$0$0$0$312,413
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 Shares & Deposits$11,940,815
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

“CEO reviews the form 990 and brings draft to the Board of Directors for preapproval before filing.”

Conflict of interest policy compliance Part VI line 12C

“Yes. It is reviewed at regular board meetings. Policies are reviewed at annual planning meeting and board members accounts and activities are reviewed monthly regarding conflicts.”

CEO executive director top management comp Part VI line 15A

“An annual performance review is completed on standardized forms. Final rating is completed and discussed with salary committee and employee. Percentage raise is based off of review rating and salary comparisons using the League's published salaries.”

Other officer or key employee compensation Part VI line 15B

“An annual performance review is completed on standardized forms. Final rating is completed and discussed with salary committee and employee. Percentage raise is based off of review rating and salary comparisons using the League's published salaries.”

Governing documents etc available to public Part VI line 19

“Discussed at annual membership meeting that the documents are open to review by members of the credit union.”

Filing and Contact Details

Filer

Filer Name
Educational Employees Credit Union
EIN
39-0972211
Address
2330 Kennedy Road, Janesville, WI 53545

Signing Officer

Name
Barbara L Berken
Title
PresidentCEO
Phone
6087522242
Signed
2015-04-02
Discuss with paid preparer
No

Organization Details

Principal Officer
Barbara L Berken
Formed
1959
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
12

Preparer

Firm
WCUL Services Corp
Address
N25W23131 Paul Rd Suite 500, Pewaukee, WI 53072
Preparer
Cari Thompson
Phone
2625490200
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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/RelatedOrExemptFuncIncomeAmt21313
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0203015
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt150450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21313
IRS990/ProgSrvcAccomActy2Grp/Desc0We have deposit, transaction, and investment accounts with 1592 members at 12/31. During 2014, we opened 153 new deposit, transaction and investment accounts.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt068322
IRS990/PYOtherExpensesAmt0190276
IRS990/PYOtherRevenueAmt02950
IRS990/PYProgramServiceRevenueAmt0274409
IRS990/PYRevenuesLessExpensesAmt0-18393
IRS990/PYSalariesCompEmpBnftPaidAmt0173798
IRS990/PYTotalExpensesAmt0364074
IRS990/PYTotalRevenueAmt0345681
IRS990/ReconcilationRevenueExpnssAmt035826
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt03643
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt03643
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01645230
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01681056
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08028189
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08318721
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0226888
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0185632
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0412520
IRS990ScheduleD/EquipmentGrp/BookValueAmt011827
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0126023
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0137850
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0114373
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt198345
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Corp Central MCS & PIC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0113096
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0113096
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011940815
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0351811
IRS990ScheduleD/TotalBookValueProgramRltdAmt0212718
IRS990ScheduleD/TotalLiabilityAmt011940815
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/ExplanationTxt3CEO reviews the form 990 and brings draft to the Board of Directors for preapproval before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Yes. It is reviewed at regular board meetings. Policies are reviewed at annual planning meeting and board members accounts and activities are reviewed monthly regarding conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5An annual performance review is completed on standardized forms. Final rating is completed and discussed with salary committee and employee. Percentage raise is based off of review rating and salary comparisons using the League's published salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6An annual performance review is completed on standardized forms. Final rating is completed and discussed with salary committee and employee. Percentage raise is based off of review rating and salary comparisons using the League's published salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Discussed at annual membership meeting that the documents are open to review by members of the credit union.
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/TotalAssetsBOYAmt013112723
IRS990/TotalAssetsEOYAmt013634862
IRS990/TotalAssetsGrp/BOYAmt013112723
IRS990/TotalAssetsGrp/EOYAmt013634862
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0312413
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011467493
IRS990/TotalLiabilitiesEOYAmt011953806
IRS990/TotalLiabilitiesGrp/BOYAmt011467493
IRS990/TotalLiabilitiesGrp/EOYAmt011953806
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01645230
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01681056
IRS990/TotalOtherCompensationAmt015625
IRS990/TotalProgramServiceRevenueAmt0254778
IRS990/TotalReportableCompFromOrgAmt097288
IRS990/TotalRevenueGrp/ExclusionAmt093461
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0254778
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0348239
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013112723
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013634862
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.wcul.org/eecu.htm
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Barbara L Berken
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PresidentCEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06087522242
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Educational Employees Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0390972211
ReturnHeader/Filer/USAddress/AddressLine1Txt02330 Kennedy Road
ReturnHeader/Filer/USAddress/CityNm0Janesville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053545
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391127312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WCUL Services Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0N25W23131 Paul Rd Suite 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pewaukee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053072
ReturnHeader/PreparerPersonGrp/PhoneNum02625490200
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari Thompson
ReturnHeader/ReturnTs02015-05-12T14:16:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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