Civic Intelligence

Water Light Credit Union

990 • Fiscal year 2014 • EIN 39-0978885

Jan 01, 2014 to Dec 31, 2014 • Filed on Feb 02, 2015

Organization ProfileN/A
1225 Tower AvenueSuperior, WI 54880

(715) 392-4524

Siviq Scores

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

Liabilities / Assets

58th percentile

0.85x

Higher debt load relative to assets than 58% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

81st percentile

25.01x

Higher debt load relative to revenue than 81% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Net Margin

23rd percentile

-7.8%

Higher net margin than 23% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Asset Growth

44th percentile

-1.8%

Faster asset growth than 44% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

72nd percentile

3.0%

Faster revenue growth than 72% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$1,296,080

Down $23,806 (-1.8%) from 2013

Net Assets

Down

$191,014

Down $3,461 (-1.8%) from 2013

Liabilities

Down

$1,105,066

Down $20,345 (-1.8%) from 2013

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin23rd percentile

Revenue

Up

$44,188

Up $1,285 (+3.0%) from 2013

Expenses

Up

$47,649

Up $3,539 (+8.0%) from 2013

Net Income

Down

-$3,461

Down $2,254 (-187%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,248,162Liabilities 2010: $1,052,121Net Assets 2010: $196,0412010Assets 2011: $1,317,428Liabilities 2011: $1,119,198Net Assets 2011: $198,2302011Assets 2012: $1,305,367Liabilities 2012: $1,109,685Net Assets 2012: $195,6822012Assets 2013: $1,319,886Liabilities 2013: $1,125,411Net Assets 2013: $194,4752013Assets 2014: $1,296,080Liabilities 2014: $1,105,066Net Assets 2014: $191,0142014Assets 2015: $1,399,380Liabilities 2015: $1,207,786Net Assets 2015: $191,5942015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2014

Assets$1,296,080
Liabilities$1,105,066
Net Assets$191,014
Open 2014 Filing

Operations Trend

Revenue Growth72nd percentile

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

$400K$200K$0-$200KExpenses 2010: $52,7692010Revenue 2011: $50,502Expenses 2011: $48,313Net Income 2011: $2,1892011Expenses 2012: $49,2892012Revenue 2013: $42,903Expenses 2013: $44,110Net Income 2013: -$1,2072013Revenue 2014: $44,188Expenses 2014: $47,649Net Income 2014: -$3,4612014Revenue 2015: $41,661Expenses 2015: $41,081Net Income 2015: $5802015Revenue 2016: $43,239Expenses 2016: $234,833Net Income 2016: -$191,5942016

Highlighted filing

2014

Revenue$44,188
Expenses$47,649
Net Income-$3,461
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 2, 2015
Return Version
2014v5.0
Gross Receipts
$44,188
Mission and Program Overview

Mission

The water-light credit union is a service provider to the employees of superior water, light and power. The credit unions mission is to provide support for the financial needs of our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$669,531$679,390▲ $9,859
Other Notes and Loans Receivable, Net$614,320$583,833▼ $30,487
Rtn Earn Endowment Incm Other Fnds$194,475$191,014▼ $3,461
Investments Program Related$17,870$18,036▲ $166
Cash and Non-Interest-Bearing Accounts$10,417$7,490▼ $2,927
Land, Buildings, and Equipment, Net$5,765$4,381▼ $1,384
Prepaid Expenses and Deferred Charges$984$1,034▲ $50
Total Assets$1,319,886$1,296,080▼ $23,806
Other Assets Total$999$1,916▲ $917
Liabilities
Other Liabilities$1,125,411$1,104,941▼ $20,470
Accounts Payable and Accrued Expenses-$125-
Total Liabilities$1,125,411$1,105,066▼ $20,345
Net Assets / Fund Balance
Total Net Assets Fund Balance$194,475$191,014▼ $3,461
Total Liabilities and Net Assets / Fund Balance$1,319,886$1,296,080▼ $23,806

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$3,182--
Other Land Buildings$4,381$2,537-
Other Assets Org$1,916--
Compensation and Service Providers
Top Officer Pay18th percentile

Board Members and Trustees

NameTitle
Florence CoreyChairman
Lyn LarsonPresident
Peggy CampbellVice-chair
David OlsonDirector
Dennis BattuelloDirector
Diane KiszewskiDirector
Lucy NielsenSecretary
Michele DesmetTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$32,439
Investment Income
$11,749
Other Revenue
$0
Change in Net Assets
$-3,461
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,649
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$27,941
Information Technology---$2,428
Insurance---$2,085
Office Expenses---$1,425
Depreciation Depletion---$1,384
Other Expenses$871--$871
Conferences and Meetings---$616
All Other Expenses---$364
Total Functional Expenses$0$0$0$47,649
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
Shares and Deposits$1,104,941
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
No
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

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.”

Form 990 governing body review Part VI line 11

“No review was conducted or will be conducted.”

Conflict of interest policy compliance Part VI line 12C

“Through webinars and ii releases.”

Governing documents etc available to public Part VI line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Water-light Credit Union
EIN
39-0978885
Address
1225 TOWER AVENUE, SUPERIOR, WI 54880

Signing Officer

Name
Lyn Larson
Title
President
Phone
7153924524
Signed
2015-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lyn Larson
Formed
1935
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
7

Preparer

Firm
Scott Wallin CPA Sc
Address
PO BOX 836, SUPERIOR, WI 54880
Preparer
Scott Wallin
Phone
2183104362
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Expenses are an allocation of a service center that runs the credit union.”

Raw XML Appendix336 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0125
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE WATER-LIGHT CREDIT UNION IS A SERVICE PROVIDER TO THE EMPLOYEES OF SUPERIOR WATER, LIGHT AND POWER. THE CREDIT UNIONS MISSION IS TO PROVIDE SUPPORT FOR THE FINANCIAL NEEDS OF OUR MEMBERS.
IRS990/AllOtherExpensesGrp/TotalAmt0364
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0LYN LARSON
IRS990/BooksInCareOfDetail/PhoneNum07153924524
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01225 TOWER AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SUPERIOR
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd054880
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt010417
IRS990/CashNonInterestBearingGrp/EOYAmt07490
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt0616
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt011749
IRS990/CYOtherExpensesAmt047649
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt032439
IRS990/CYRevenuesLessExpensesAmt0-3461
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt047649
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt044188
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt01384
IRS990/Desc0WE FUNDED 26 LOANS DURING 2014. AS OF 12/31/2014, WE HAD 4 MORTGAGES/HOME EQUITY AND 65 CONSUMER LOANS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/TotalAmt027941
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt715.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0DIANE KISZEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm2DENNIS BATTUELLO
IRS990/Form990PartVIISectionAGrp/PersonNm3LUCY NIELSEN
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHELE DESMET
IRS990/Form990PartVIISectionAGrp/PersonNm5PEGGY CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm6FLORENCE COREY
IRS990/Form990PartVIISectionAGrp/PersonNm7LYN LARSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01935
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt044188
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt02428
IRS990/InsuranceGrp/TotalAmt02085
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt011749
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011749
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt017870
IRS990/InvestmentsProgramRelatedGrp/EOYAmt018036
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02537
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05765
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04381
IRS990/LandBldgEquipCostOrOtherBssAmt06918
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE WATER-LIGHT CREDIT UNION IS A SERVICE PROVIDER TO THE EMPLOYEES OF SUPERIOR WATER, LIGHT AND POWER. THE CREDIT UNIONS MISSION IS TO PROVIDE SUPPORT FOR THE FINANCIAL NEEDS OF OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0194475
IRS990/NetAssetsOrFundBalancesEOYAmt0191014
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/TotalAmt01425
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0999
IRS990/OtherAssetsTotalGrp/EOYAmt01916
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DIVIDENDS ON SHARES
IRS990/OtherExpensesGrp/Desc1MEMBER INSNCUSIFEXAM EXP
IRS990/OtherExpensesGrp/Desc2ANNUAL DUES
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt02204
IRS990/OtherExpensesGrp/ProgramServicesAmt11845
IRS990/OtherExpensesGrp/ProgramServicesAmt26486
IRS990/OtherExpensesGrp/ProgramServicesAmt3871
IRS990/OtherExpensesGrp/TotalAmt02204
IRS990/OtherExpensesGrp/TotalAmt11845
IRS990/OtherExpensesGrp/TotalAmt26486
IRS990/OtherExpensesGrp/TotalAmt3871
IRS990/OtherLiabilitiesGrp/BOYAmt01125411
IRS990/OtherLiabilitiesGrp/EOYAmt01104941
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0614320
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0583833
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0984
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01034
IRS990/PrincipalOfficerNm0LYN LARSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1LOAN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt032001
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1438
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt032001
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1438
IRS990/ProgSrvcAccomActy2Grp/Desc0WE HAVE DEPOSIT, TRANSACTION, AND INVESTMENT ACCOUNTS WITH 208 MEMBERS AT 12/31/2014. DURING 2014, WE OPENED 9 NEW DEPOSIT, TRANSACTION AND INVESTMENT ACCOUNTS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt09860
IRS990/PYOtherExpensesAmt044110
IRS990/PYProgramServiceRevenueAmt033043
IRS990/PYRevenuesLessExpensesAmt0-1207
IRS990/PYTotalExpensesAmt044110
IRS990/PYTotalRevenueAmt042903
IRS990/ReconcilationRevenueExpnssAmt0-3461
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0194475
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0191014
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0669531
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0679390
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt011254
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt13100
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt33182
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA CAPITALIZATION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NCUSSC-SERVICE CENTER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2WISCUB INC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3NCA MEMBER SHARE
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01916
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT ACCRUAL
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04381
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02537
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt06918
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01104941
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES AND DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04381
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01916
IRS990ScheduleD/TotalBookValueProgramRltdAmt018036
IRS990ScheduleD/TotalLiabilityAmt01104941
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS CONDUCTED OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THROUGH WEBINARS AND II RELEASES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EXPENSES ARE AN ALLOCATION OF A SERVICE CENTER THAT RUNS 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/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01319886
IRS990/TotalAssetsEOYAmt01296080
IRS990/TotalAssetsGrp/BOYAmt01319886
IRS990/TotalAssetsGrp/EOYAmt01296080
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt047649
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01125411
IRS990/TotalLiabilitiesEOYAmt01105066
IRS990/TotalLiabilitiesGrp/BOYAmt01125411
IRS990/TotalLiabilitiesGrp/EOYAmt01105066
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0194475
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0191014
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt032439
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt044188
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt044188
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01319886
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01296080
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LYN LARSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07153924524
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATER-LIGHT CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0390978885
ReturnHeader/Filer/USAddress/AddressLine1Txt01225 TOWER AVENUE
ReturnHeader/Filer/USAddress/CityNm0SUPERIOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054880
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273559905
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCOTT WALLIN CPA SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 836
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SUPERIOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054880
ReturnHeader/PreparerPersonGrp/PhoneNum02183104362
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Scott Wallin
ReturnHeader/ReturnTs02015-02-02T16:48:47-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,296,080
Liabilities
$1,105,066
Net assets
$191,014
Revenue
$44,188
Expenses
$47,649
Net income
-$3,461
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.04$0.23$0.19
2015Detailed filing. Detailed filing data is available for this year.$1.40$1.21$0.19$0.04$0.04$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.30$1.11$0.19$0.04$0.05$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.32$1.13$0.19$0.04$0.04$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$1.11$0.20$0.05
2011Summary only. Only limited summary data is available for this year.$1.32$1.12$0.20$0.05$0.05$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$1.05$0.20$0.05