Civic Intelligence

Utilities Credit Union

990 • Fiscal year 2019 • EIN 39-1017036

Jan 01, 2019 to Dec 31, 2019 • Filed on May 13, 2020

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

66th percentile

0.87x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

24.88x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2019

Net Margin

36th percentile

6.1%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

49th percentile

$53,040

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 22.1% of source-year revenue.

2019 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2019

Asset Growth

79th percentile

4.6%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

56th percentile

5.9%

Faster revenue growth than 56% of similar nonprofits.

2019 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$6,898,442

Up $303,672 (+4.6%) from 2018

Net Assets

Up

$928,856

Up $14,688 (+1.6%) from 2018

Liabilities

Up

$5,969,586

Up $288,984 (+5.1%) from 2018

Revenue

Up

$239,978

Up $13,265 (+5.9%) from 2018

Expenses

Up

$225,287

Up $5,610 (+2.6%) from 2018

Net Income

Up

$14,691

Up $7,655 (+109%) from 2018

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

2019

Assets$6,898,442
Liabilities$5,969,586
Net Assets$928,856

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

2019

Revenue$239,978
Expenses$225,287
Net Income$14,691
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 13, 2020
Return Version
2019v5.0
Gross Receipts
$239,978
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 dividends on share savings accounts and competitive loan rates to members through secured and unsecured loans and home equity lines of credit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,791,912$3,401,437▼ $390,475
Investments Program Related$2,215,024$2,519,224▲ $304,200
Rtn Earn Endowment Incm Other Fnds$914,168$928,856▲ $14,688
Savings and Temporary Cash Investments$232,652$637,538▲ $404,886
Receivables From Officers Etc$171,576$136,432▼ $35,144
Cash and Non-Interest-Bearing Accounts$100,846$126,522▲ $25,676
Prepaid Expenses and Deferred Charges$4,690$13,741▲ $9,051
Land, Buildings, and Equipment, Net$1,371$882▼ $489
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$6,594,770$6,898,442▲ $303,672
Other Assets Total$76,699$62,666▼ $14,033
Liabilities
Other Liabilities$5,666,043$5,963,885▲ $297,842
Accounts Payable and Accrued Expenses$14,559$5,701▼ $8,858
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$5,680,602$5,969,586▲ $288,984
Net Assets / Fund Balance
Total Net Assets Fund Balance$914,168$928,856▲ $14,688
Total Liabilities and Net Assets / Fund Balance$6,594,770$6,898,442▲ $303,672

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$882$5,486$6,368
Investment Program Related Org$2,519,224--
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
Heidi SchultzPresident - TreasurerFT$53,040$53,040

Board Members and Trustees

NameTitle
John NessChairman
Thomas BachmeierVice Chairman
Kallie RobbDirector
Karl HoeslyDirector
Kelsey RydzikDirector
Lori DrillingDirector
Paul SeipelDirector
Scott SeaholmDirector
Theresa TheisenDirector
Rebecca McIlhargeySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$172,782
Investment Income
$67,196
Other Revenue
$0
Change in Net Assets
$14,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,780
Salaries, Compensation, and Employee Benefits$103,507
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---$53,040
Other Salaries and Wages---$42,899
Information Technology---$26,975
Office Expenses---$14,734
Payroll Taxes---$7,568
All Other Expenses---$5,926
Other Expenses---$5,227
Fees for Services Accounting---$2,648
Advertising---$1,128
Insurance---$853
Occupancy---$600
Fees for Services Legal---$525
Depreciation Depletion---$490
Conferences and Meetings---$175
Total Functional Expenses$0$0$0$225,287
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$171,576$136,432▼ $35,144
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 accounts$5,963,885
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 4

Utilities Credit Union adopted the new model By-Laws recommended by the Wisconsin Department of Financial Institutions/Office of Credit Unions on April 10, 2019.

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
Heidi K Schultz
Title
President, Treasurer
Phone
7157372467
Signed
2020-05-13

Organization Details

Principal Officer
Heidi K Schultz
Formed
1932
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
10
Employees
5
Volunteers
21
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Adjustment for rounding differences.

Raw XML AppendixShowing 400 of 537 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/OtherAssetsTotalGrp/BOYAmt076699
IRS990/OtherAssetsTotalGrp/EOYAmt062666
IRS990/OtherChangesInNetAssetsAmt0-3
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Dividends paid to members
IRS990/OtherExpensesGrp/Desc1Loan servicing expenses
IRS990/OtherExpensesGrp/Desc2WI CU League/CUNA/Chapter
IRS990/OtherExpensesGrp/TotalAmt059081
IRS990/OtherExpensesGrp/TotalAmt13418
IRS990/OtherExpensesGrp/TotalAmt25227
IRS990/OtherLiabilitiesGrp/BOYAmt05666043
IRS990/OtherLiabilitiesGrp/EOYAmt05963885
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt042899
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03791912
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03401437
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt07568
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04690
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013741
IRS990/PrincipalOfficerNm0Heidi K Schultz
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on loans
IRS990/ProgramServiceRevenueGrp/Desc1Fee income
IRS990/ProgramServiceRevenueGrp/Desc2Loan insurance
IRS990/ProgramServiceRevenueGrp/Desc3NCUA SIF Distribution
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0169854
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31390
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0169854
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2338
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31390
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2338
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide home equity lines of credit loans to members. During 2019, 46 advances on lines of credit. 47 loans with a balance of $1,230,551 as of December 31, 2019.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt079363
IRS990/ProgSrvcAccomActy3Grp/Desc0Provide unsecured loans to members. Approved 212 advances to members with unsecured lines of credit in 2019. 197 loans with a balance of $220,359 as of December 31, 2019.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt020968
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt045725
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0125914
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0180988
IRS990/PYRevenuesLessExpensesAmt07036
IRS990/PYSalariesCompEmpBnftPaidAmt093763
IRS990/PYTotalExpensesAmt0219677
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0226713
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0171576
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0136432
IRS990/ReconcilationRevenueExpnssAmt014691
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt068749
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0914168
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0928856
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0232652
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0637538
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0882
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05486
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06368
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02519224
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/Amt05963885
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit union member regular shares & trust accounts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0882
IRS990ScheduleD/TotalBookValueProgramRltdAmt02519224
IRS990ScheduleD/TotalLiabilityAmt05963885
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt050692
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt11451
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt215075
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt37716
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt42976
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt558522
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10

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