Civic Intelligence

Brown County Employees Credit Union

EIN 39-0992657 • 501(c)14 • Green Bay, WI

Profile

A not-for-profit, member-owned organization dedicated to providing its members financial products and services in a personal and professional manner, making loans at competitive rates, encouraging regular savings, and maintaining the Credit Unions long-term financial stability.

825 Morris AvenueGreen Bay, WI 54304

www.bcecu.com

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 2017

Liabilities / Revenue

96th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • <$500k nonprofits • Source year 2017

Net Margin

23rd percentile

-269%

Higher net margin than 23% of similar nonprofits.

501(c)14 • <$500k nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$77,523

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 24.3% of source-year revenue.

501(c)14 • <$500k nonprofits • Source year 2017

Asset Growth

95th percentile

-100%

Faster asset growth than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

-23%

Faster revenue growth than 72% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $17,565,996 (-100%) from 2016

Liabilities

Down

$0

Down $14,020,883 (-100%) from 2016

Net Assets

Down

$0

Down $3,545,113 (-100%) from 2016

Revenue

Down

$319,331

Down $97,692 (-23%) from 2016

Expenses

Up

$1,179,614

Up $764,554 (+184%) from 2016

Net Income

Down

-$860,283

Down $862,246 (-43925%) from 2016

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $23,101,254Liabilities 2010: $19,734,388Net Assets 2010: $3,366,8662010Assets 2011: $21,093,969Liabilities 2011: $17,677,521Net Assets 2011: $3,416,4482011Assets 2012: $20,657,080Liabilities 2012: $17,121,877Net Assets 2012: $3,535,2032012Assets 2013: $19,982,409Liabilities 2013: $16,416,720Net Assets 2013: $3,565,6892013Assets 2014: $18,718,097Liabilities 2014: $15,160,586Net Assets 2014: $3,557,5112014Assets 2015: $18,260,802Liabilities 2015: $14,717,652Net Assets 2015: $3,543,1502015Assets 2016: $17,565,996Liabilities 2016: $14,020,883Net Assets 2016: $3,545,1132016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $763,7262010Expenses 2011: $705,9872011Expenses 2012: $505,2182012Revenue 2013: $498,810Expenses 2013: $468,324Net Income 2013: $30,4862013Revenue 2014: $455,766Expenses 2014: $463,944Net Income 2014: -$8,1782014Revenue 2015: $419,304Expenses 2015: $433,665Net Income 2015: -$14,3612015Revenue 2016: $417,023Expenses 2016: $415,060Net Income 2016: $1,9632016Revenue 2017: $319,331Expenses 2017: $1,179,614Net Income 2017: -$860,2832017

Highlighted filing

2017

Revenue$319,331
Expenses$1,179,614
Net Income-$860,283

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Oct 31, 2017
Signed
Nov 21, 2018
Return Version
2017v2.3
Gross Receipts
$319,331
Mission and Program Overview

Mission

A not-for-profit, member-owned organization dedicated to providing its members financial products and services in a personal and professional manner, making loans at competitive rates, encouraging regular savings, and maintaining the Credit Unions long-term financial stability.

A non-for-profit, member-owned organization dedicated to providing its members financial products and services in a personal and professional manner, making loans at competitive rates, encouraging regular savings, and maintaining the credit union's long-term financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$9,951,046$0▼ $9,951,046
Other Notes and Loans Receivable, Net$6,874,397$0▼ $6,874,397
Rtn Earn Endowment Incm Other Fnds$3,545,113$0▼ $3,545,113
Cash and Non-Interest-Bearing Accounts$393,523$0▼ $393,523
Investments Program Related$332,341$0▼ $332,341
Prepaid Expenses and Deferred Charges$9,047$0▼ $9,047
Land, Buildings, and Equipment, Net$3,850$0▼ $3,850
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$17,565,996$0▼ $17,565,996
Other Assets Total$1,792$0▼ $1,792
Liabilities
Other Liabilities$14,008,870$0▼ $14,008,870
Accounts Payable and Accrued Expenses$12,013--
Total Liabilities$14,020,883$0▼ $14,020,883
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,545,113$0▼ $3,545,113
Total Liabilities and Net Assets / Fund Balance$17,565,996$0▼ $17,565,996
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lynn CheslockPresident/CEOFT$77,523$77,523
Ray SmithDirector-$2,300$2,300
Craig HuxfordDirector-treasurer-$1,900$1,900
Dean GazzaDirector-vice Chairman-$1,500$1,500
Mina TeskeDirector-chairman-$1,300$1,300

Board Members and Trustees

NameTitle
Wes CatalanoDirector-secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$214,658
Investment Income
$104,673
Other Revenue
$0
Change in Net Assets
$-860,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$996,561
Salaries, Compensation, and Employee Benefits$183,053
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---$84,523
Other Salaries and Wages---$60,717
Occupancy---$32,812
Office Expenses---$27,477
Other Employee Benefits---$24,322
Information Technology---$20,461
Payroll Taxes---$11,128
Payments to Affiliates---$8,348
Insurance---$6,330
Fees for Services Accounting---$5,560
Conferences and Meetings---$4,712
Fees for Services Legal---$2,367
Pension Plan Contributions---$2,363
Other Expenses---$1,609
Fees for Service Investment Mgmnt Fees---$1,365
Depreciation Depletion---$875
Advertising---$730
All Other Expenses---$-11,720
Total Functional Expenses$0$0$0$1,179,614
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
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 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).

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

The board of directors is elected by the membership utilizing their one vote per member.

Form 990, Part VI, Section A, 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, Part VI, Section B, Line 11B

If time allows, the board will review the form 990 along with supporting documents. The president will answer any questions or concerns. If time does not allow or the board votes otherwise they may chose not to review the form.

Form 990, Part VI, Section B, Line 12C

Annually the board members and officers sign a new code of ethics form, included in this form is a statement about notification of any conflicts of interest. Any notification of a conflict would be checked to see if it hinders future employment or board eligiblity. The proper action would be taken.

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

Board may review the wcul annual survey or compensation info from the web in the gb area. The board votes on the compensation for the president. Minutes are recorded and retained in a special minutes book.

Form 990, Part VI, Section C, Line 19

Previous year financials and the current month end financials are posted in the credit union lobby. All other documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Brown County Employees Credit Union
EIN
39-0992657
Phone
9204942828
Address
825 MORRIS AVENUE, GREEN BAY, WI 54304

Signing Officer

Name
Karen Carew
Title
CFO/executive VP
Phone
9204944541
Signed
2018-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Carew
Formed
1953
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
5

Preparer

Firm
Hawkins Ash Cpas Llp
Address
2360 DUCK CREEK PARKWAY, GREEN BAY, WI 54303-3300
Preparer
Jeffrey Danen
Phone
9203369850
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Merged with capital credit union effective november 1, 2018 -2,684,830.

Raw XML Appendix363 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/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR-VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR-SECRETARY
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE WAS USED IN VALUATING THE FMV OF THE ASSETS.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0825 MORRIS AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0GREEN BAY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0WI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0543044525
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd01
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: LYNN CHESLOCK
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: LYNN WAS HIRED AS AN EMPLOYEE. SHE WAS THE FORMER PRESIDENT/CEO OF BROWN COUNTY EMPLOYEES CREDIT UNION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
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/ExplanationTxt3IF TIME ALLOWS, THE BOARD WILL REVIEW THE FORM 990 ALONG WITH SUPPORTING DOCUMENTS. THE PRESIDENT WILL ANSWER ANY QUESTIONS OR CONCERNS. IF TIME DOES NOT ALLOW OR THE BOARD VOTES OTHERWISE THEY MAY CHOSE NOT TO REVIEW THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY THE BOARD MEMBERS AND OFFICERS SIGN A NEW CODE OF ETHICS FORM, INCLUDED IN THIS FORM IS A STATEMENT ABOUT NOTIFICATION OF ANY CONFLICTS OF INTEREST. ANY NOTIFICATION OF A CONFLICT WOULD BE CHECKED TO SEE IF IT HINDERS FUTURE EMPLOYMENT OR BOARD ELIGIBLITY. THE PROPER ACTION WOULD BE TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD MAY REVIEW THE WCUL ANNUAL SURVEY OR COMPENSATION INFO FROM THE WEB IN THE GB AREA. THE BOARD VOTES ON THE COMPENSATION FOR THE PRESIDENT. MINUTES ARE RECORDED AND RETAINED IN A SPECIAL MINUTES BOOK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PREVIOUS YEAR FINANCIALS AND THE CURRENT MONTH END FINANCIALS ARE POSTED IN THE CREDIT UNION LOBBY. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MERGED WITH CAPITAL CREDIT UNION EFFECTIVE NOVEMBER 1, 2018 -2,684,830.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt017565996
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt017565996
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/TotalAmt01179614
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014020883
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt014020883
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03545113
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0214658
IRS990/TotalReportableCompFromOrgAmt084523
IRS990/TotalRevenueGrp/ExclusionAmt0104673
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0214658
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0319331
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017565996
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0825 MORRIS AVENUE
IRS990/USAddress/CityNm0GREEN BAY
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054304
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.BCECU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN CAREW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO/EXECUTIVE VP
ReturnHeader/BusinessOfficerGrp/PhoneNum09204944541
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BROWN COUNTY EMPLOYEES CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0BROW
ReturnHeader/Filer/EIN0390992657
ReturnHeader/Filer/PhoneNum09204942828
ReturnHeader/Filer/USAddress/AddressLine1Txt0825 MORRIS AVENUE
ReturnHeader/Filer/USAddress/CityNm0GREEN BAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054304
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05786A0D457CA8CB91CC46675A3DD27140B49E1A8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId065EFCDE8B311C332682DF9ABF2317EDE8F4291F2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0192.55.242.200
ReturnHeader/FilingSecurityInformation/IPDt02018-11-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:32:50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390912608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAWKINS ASH CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02360 DUCK CREEK PARKWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREEN BAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0543033300
ReturnHeader/PreparerPersonGrp/PhoneNum09203369850
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY DANEN
ReturnHeader/ReturnTs02018-12-04T09:17:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-10-31
ReturnHeader/TaxYr02017

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