Civic Intelligence

Utilities Credit Union

990 • Fiscal year 2015 • EIN 39-1017036

Jan 01, 2015 to Dec 31, 2015 • Filed on May 09, 2016

PO Box 8Eau Claire, WI 54702-0008

(715) 737-2467

Siviq Scores

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

Liabilities / Assets

74th percentile

0.89x

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

2015 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

37.72x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2015

Net Margin

36th percentile

1.7%

Higher net margin than 36% of similar nonprofits.

2015 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

20th percentile

$17,760

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2015 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2015

Asset Growth

15th percentile

-3.8%

Faster asset growth than 15% of similar nonprofits.

2015 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

22nd percentile

-5.1%

Faster revenue growth than 22% of similar nonprofits.

2015 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$8,138,772

Down $324,271 (-3.8%) from 2014

Net Assets

Up

$899,660

Up $3,260 (+0.4%) from 2014

Liabilities

Down

$7,239,112

Down $327,531 (-4.3%) from 2014

Revenue

Down

$191,925

Down $10,381 (-5.1%) from 2014

Expenses

Down

$188,665

Down $8,693 (-4.4%) from 2014

Net Income

Down

$3,260

Down $1,688 (-34%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $9,336,491Liabilities 2011: $8,499,476Net Assets 2011: $837,0152011Assets 2012: $9,071,371Liabilities 2012: $8,191,682Net Assets 2012: $879,6892012Assets 2014: $8,463,043Liabilities 2014: $7,566,643Net Assets 2014: $896,4002014Assets 2015: $8,138,772Liabilities 2015: $7,239,112Net Assets 2015: $899,6602015Assets 2016: $7,769,269Liabilities 2016: $6,866,270Net Assets 2016: $902,9992016Assets 2017: $7,240,142Liabilities 2017: $6,333,010Net Assets 2017: $907,1322017Assets 2018: $6,594,770Liabilities 2018: $5,680,602Net Assets 2018: $914,1682018Assets 2019: $6,898,442Liabilities 2019: $5,969,586Net Assets 2019: $928,8562019Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2015

Assets$8,138,772
Liabilities$7,239,112
Net Assets$899,660

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $221,8362011Revenue 2012: $235,981Expenses 2012: $193,307Net Income 2012: $42,6742012Revenue 2014: $202,306Expenses 2014: $197,358Net Income 2014: $4,9482014Revenue 2015: $191,925Expenses 2015: $188,665Net Income 2015: $3,2602015Revenue 2016: $196,125Expenses 2016: $192,786Net Income 2016: $3,3392016Revenue 2017: $201,762Expenses 2017: $197,629Net Income 2017: $4,1332017Revenue 2018: $226,713Expenses 2018: $219,677Net Income 2018: $7,0362018Revenue 2019: $239,978Expenses 2019: $225,287Net Income 2019: $14,6912019Revenue 2021: $100,000Expenses 2021: $553,653Net Income 2021: -$453,6532021

Highlighted filing

2015

Revenue$191,925
Expenses$188,665
Net Income$3,260
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 9, 2016
Return Version
2015v2.1
Gross Receipts
$191,925
Mission and Program Overview

Mission

Provide competitive share dividends and competitive loan rates to members through secured loans, unsecured loans, home equity lines of credit loans and credit card program.

Provide competitive share dividends and competitive loan rates to members through secured, unsecured, home equity lines of credit loans and credit card program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,094,336$3,890,086▼ $204,250
Investments Program Related$2,909,737$2,960,242▲ $50,505
Savings and Temporary Cash Investments$1,007,171$901,581▼ $105,590
Rtn Earn Endowment Incm Other Fnds$896,400$899,660▲ $3,260
Receivables From Officers Etc$200,775$165,278▼ $35,497
Cash and Non-Interest-Bearing Accounts$125,579$110,361▼ $15,218
Prepaid Expenses and Deferred Charges$15,296$11,600▼ $3,696
Land, Buildings, and Equipment, Net$9,208$4,687▼ $4,521
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,463,043$8,138,772▼ $324,271
Other Assets Total$100,941$94,937▼ $6,004
Liabilities
Other Liabilities$7,561,415$7,235,046▼ $326,369
Accounts Payable and Accrued Expenses$5,228$4,066▼ $1,162
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$7,566,643$7,239,112▼ $327,531
Net Assets / Fund Balance
Total Net Assets Fund Balance$896,400$899,660▲ $3,260
Total Liabilities and Net Assets / Fund Balance$8,463,043$8,138,772▼ $324,271

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,687$52,400$57,087
Investment Program Related Org$2,960,242--
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David AmansPresident-TreasurerPT$17,760$17,760
John NessSecretary-$645$645

Board Members and Trustees

NameTitle
Scott SeaholmChairman
Kirk HendricksonVice Chairman
Jesse AndersonDirector
Lori DrillingDirector
Paul SeipelDirector
Rebecca McIlhargeyDirector
Robert StabeDirector
Theresa TheisenDirector
Thomas BachmeierDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$157,977
Investment Income
$33,948
Other Revenue
$0
Change in Net Assets
$3,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,226
Salaries, Compensation, and Employee Benefits$90,439
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$65,851
Current Officers, Directors, Trustees, and Key Employees---$17,760
Office Expenses---$14,074
Other Expenses---$11,707
Information Technology---$7,859
Payroll Taxes---$6,828
All Other Expenses---$6,321
Insurance---$5,317
Depreciation Depletion---$4,522
Fees for Services Accounting---$2,648
Advertising---$439
Conferences and Meetings---$110
Total Functional Expenses$0$0$0$188,665
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 Officers, Directors, Trustees, and Key Employees$200,775$165,278▼ $35,497
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Union member regular shares & trust accts$7,235,046
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union consists of eligible members within the field of membership as stated in Utilities Credit Union By-Laws.

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

Board of Directors are voted upon by the general membership at the annual meeting of the credit union.

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

Review is performed by another credit union employee at the time of filing, then reviewed by examining committee during semi-annual audits.

Form 990, Part VI, Section B, Line 15

Personnel committee establishes salary range based on salary survey for presidents and recommends yearly salary to Board of Directors for their voting approval. Salary recommendation is determined based on annual performance review.

Form 990, Part VI, Section C, Line 19

Documents are provided upon request. Financials are provided to members attending annual meeting.

Filing and Contact Details

Filer

Filer Name
Utilities Credit Union
EIN
39-1017036
Phone
7157372467
Address
PO Box 8, Eau Claire, WI 54702-0008

Signing Officer

Name
David Amans
Title
President-Treasurer
Phone
7157372467
Signed
2016-05-09

Organization Details

Principal Officer
David Amans
Formed
1932
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
10
Employees
4
Volunteers
21
Raw XML AppendixShowing 400 of 555 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/OtherExpensesGrp/TotalAmt110017
IRS990/OtherExpensesGrp/TotalAmt27215
IRS990/OtherExpensesGrp/TotalAmt311707
IRS990/OtherLiabilitiesGrp/BOYAmt07561415
IRS990/OtherLiabilitiesGrp/EOYAmt07235046
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt065851
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04094336
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03890086
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt06828
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015296
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011600
IRS990/PrincipalOfficerNm0David Amans
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Loan Insurance
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0155296
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12121
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0155296
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12121
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2560
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2560
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide home equity lines of credit loans to members. During 2015, 42 advances on lines of credit. 49 loans with a balance of $1,694,236 as of December 31, 2015.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt056081
IRS990/ProgSrvcAccomActy3Grp/Desc0Provide unsecured loans to members. Approved 238 advances to members with unsecured lines of credit in 2015. 99 loans with a balance of $279,304.99 as of December 31, 2015.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt019749
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt037480
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0108279
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0164826
IRS990/PYRevenuesLessExpensesAmt04948
IRS990/PYSalariesCompEmpBnftPaidAmt089079
IRS990/PYTotalExpensesAmt0197358
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0202306
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0200775
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0165278
IRS990/ReconcilationRevenueExpnssAmt03260
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt057948
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0896400
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0899660
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01007171
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0901581
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt04687
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052400
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057087
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02960242
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Certificates of Deposit with other Fin'l Institutions
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07235046
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Union member regular shares & trust accts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04687
IRS990ScheduleD/TotalBookValueProgramRltdAmt02960242
IRS990ScheduleD/TotalLiabilityAmt07235046
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt025585
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt11364
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt252
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt311068
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt419841
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt56529
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt690050
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt71156
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt88185
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt91448
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd61
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd71
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd81
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd91
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd50

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