Civic Intelligence

Utilities Credit Union

990 • Fiscal year 2017 • EIN 39-1017036

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 24, 2018

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

61st percentile

0.87x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

31.39x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Net Margin

40th percentile

2.0%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$18,240

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Asset Growth

7th percentile

-6.8%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

2.9%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$7,240,142

Down $529,127 (-6.8%) from 2016

Net Assets

Up

$907,132

Up $4,133 (+0.5%) from 2016

Liabilities

Down

$6,333,010

Down $533,260 (-7.8%) from 2016

Revenue

Up

$201,762

Up $5,637 (+2.9%) from 2016

Expenses

Up

$197,629

Up $4,843 (+2.5%) from 2016

Net Income

Up

$4,133

Up $794 (+24%) from 2016

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

2017

Assets$7,240,142
Liabilities$6,333,010
Net Assets$907,132

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

2017

Revenue$201,762
Expenses$197,629
Net Income$4,133
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 24, 2018
Return Version
2017v2.0
Gross Receipts
$201,762
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$3,676,536$3,722,800▲ $46,264
Investments Program Related$3,179,823$2,668,890▼ $510,933
Rtn Earn Endowment Incm Other Fnds$902,999$907,132▲ $4,133
Savings and Temporary Cash Investments$518,206$458,476▼ $59,730
Receivables From Officers Etc$187,491$175,209▼ $12,282
Cash and Non-Interest-Bearing Accounts$97,634$111,750▲ $14,116
Prepaid Expenses and Deferred Charges$18,099$13,481▼ $4,618
Land, Buildings, and Equipment, Net$1,954$2,369▲ $415
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-
Total Assets$7,769,269$7,240,142▼ $529,127
Other Assets Total$89,526$87,167▼ $2,359
Liabilities
Other Liabilities$6,862,045$6,329,868▼ $532,177
Accounts Payable and Accrued Expenses$4,225$3,142▼ $1,083
Grants Payable-$0-
Mortgage Notes Payable Secured by Investment Property-$0-
Unsecured Notes Loans Payable-$0-
Deferred Revenue-$0-
Escrow Account Liability-$0-
Tax Exempt Bond Liabilities-$0-
Total Liabilities$6,866,270$6,333,010▼ $533,260
Net Assets / Fund Balance
Total Net Assets Fund Balance$902,999$907,132▲ $4,133
Total Liabilities and Net Assets / Fund Balance$7,769,269$7,240,142▼ $529,127

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,369$56,441$58,810
Investment Program Related Org$2,668,890--
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$18,240$18,240

Board Members and Trustees

NameTitle
John NessChairman
Jesse AndersonVice Chairman
Kelsey RydzikDirector
Lori DrillingDirector
Paul SeipelDirector
Robert StabeDirector
Scott SeaholmDirector
Theresa TheisenDirector
Thomas BachmeierDirector
Rebecca McIlhargeySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$159,172
Investment Income
$42,590
Other Revenue
$0
Change in Net Assets
$4,133
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$103,325
Salaries, Compensation, and Employee Benefits$94,304
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$69,011
Current Officers, Directors, Trustees, and Key Employees---$18,240
Other Expenses---$17,645
Office Expenses---$14,327
Information Technology---$8,877
Payroll Taxes---$7,053
All Other Expenses---$6,546
Insurance---$5,263
Fees for Services Accounting---$2,598
Depreciation Depletion---$779
Advertising---$573
Conferences and Meetings---$275
Total Functional Expenses$0$0$0$197,629
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$187,491$175,209▼ $12,282
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Union member regular shares & trust accounts$6,329,868
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
2018-04-24

Organization Details

Principal Officer
David Amans
Formed
1932
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
10
Employees
4
Volunteers
21
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03676536
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03722800
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt07053
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018099
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013481
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/RelatedOrExemptFuncIncomeAmt0156449
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12303
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0156449
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12303
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2420
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2420
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide home equity lines of credit loans to members. During 2017, 61 advances on lines of credit. 45 loans with a balance of $1,871,292 as of December 31, 2017.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt068852
IRS990/ProgSrvcAccomActy3Grp/Desc0Provide unsecured loans to members. Approved 221 advances to members with unsecured lines of credit in 2017. 81 loans with a balance of $242,897 as of December 31, 2017.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt017172
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt041810
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt094709
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0154315
IRS990/PYRevenuesLessExpensesAmt03339
IRS990/PYSalariesCompEmpBnftPaidAmt098077
IRS990/PYTotalExpensesAmt0192786
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0196125
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0187491
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0175209
IRS990/ReconcilationRevenueExpnssAmt04133
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt051786
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0902999
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0907132
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0518206
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0458476
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02369
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056441
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt058810
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02668890
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Certificates of Deposit with other 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/Amt06329868
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Union member regular shares & trust accounts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02369
IRS990ScheduleD/TotalBookValueProgramRltdAmt02668890
IRS990ScheduleD/TotalLiabilityAmt06329868
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt016161
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt11421
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2770
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3462
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt44521
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt588319
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt61263
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt75946
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt873
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt91972
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt101140
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1137930
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt127327
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt137904
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/BoardOrCommitteeApprovalInd101
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd111
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd121
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd131
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00

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