Civic Intelligence

Members First Credit Union

990 • Fiscal year 2013 • EIN 39-1019822

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 18, 2014

Organization ProfileMBR1CU.ORG

View Organization Page

3401 W Beltline HwyMadison, WI 53713

(608) 271-5301

Siviq Scores

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

Liabilities / Assets

69th percentile

0.89x

Higher debt load relative to assets than 69% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

18th percentile

12.45x

Higher debt load relative to revenue than 18% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Net Margin

76th percentile

11%

Higher net margin than 76% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

90th percentile

$104,492

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2013

Asset Growth

74th percentile

4.7%

Faster asset growth than 74% of similar nonprofits.

2013 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$19,025,298

Up $851,012 (+4.7%) from 2012

Net Assets

Up

$2,026,773

Up $154,937 (+8.3%) from 2012

Liabilities

Up

$16,998,525

Up $696,075 (+4.3%) from 2012

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin76th percentile

Revenue

$1,365,516

No earlier filing loaded for comparison.

Expenses

Down

$1,210,578

Down $183,168 (-13%) from 2012

Net Income

$154,938

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$30M$20M$10M$0Assets 2010: $17,174,593Liabilities 2010: $15,366,877Net Assets 2010: $1,807,7162010Assets 2011: $17,730,449Liabilities 2011: $15,897,857Net Assets 2011: $1,832,5922011Assets 2012: $18,174,286Liabilities 2012: $16,302,450Net Assets 2012: $1,871,8362012Assets 2013: $19,025,298Liabilities 2013: $16,998,525Net Assets 2013: $2,026,7732013Assets 2014: $19,707,142Liabilities 2014: $17,415,637Net Assets 2014: $2,291,5052014Assets 2015: $21,010,715Liabilities 2015: $18,512,681Net Assets 2015: $2,498,0342015Assets 2016: $21,972,924Liabilities 2016: $19,253,090Net Assets 2016: $2,719,8342016Assets 2017: $22,237,845Liabilities 2017: $19,290,322Net Assets 2017: $2,947,5232017Assets 2018: $25,484,859Liabilities 2018: $22,335,896Net Assets 2018: $3,148,9632018Assets 2019: $25,030,868Liabilities 2019: $21,713,842Net Assets 2019: $3,317,0262019Assets 2020: $27,801,841Liabilities 2020: $24,312,728Net Assets 2020: $3,489,1132020Assets 2021: $28,308,291Liabilities 2021: $24,528,931Net Assets 2021: $3,779,3602021Assets 2022: $28,005,851Liabilities 2022: $24,099,039Net Assets 2022: $3,906,8122022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2013

Assets$19,025,298
Liabilities$16,998,525
Net Assets$2,026,773
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $1,415,0962010Expenses 2011: $1,413,3222011Expenses 2012: $1,393,7462012Revenue 2013: $1,365,516Expenses 2013: $1,210,578Net Income 2013: $154,9382013Revenue 2014: $1,344,093Expenses 2014: $1,079,361Net Income 2014: $264,7322014Revenue 2015: $1,352,321Expenses 2015: $1,145,792Net Income 2015: $206,5292015Revenue 2016: $1,454,375Expenses 2016: $1,232,574Net Income 2016: $221,8012016Revenue 2017: $1,530,545Expenses 2017: $1,302,856Net Income 2017: $227,6892017Revenue 2018: $1,666,453Expenses 2018: $1,465,013Net Income 2018: $201,4402018Revenue 2019: $1,780,775Expenses 2019: $1,612,712Net Income 2019: $168,0632019Revenue 2020: $1,761,362Expenses 2020: $1,589,275Net Income 2020: $172,0872020Revenue 2021: $1,734,201Expenses 2021: $1,443,954Net Income 2021: $290,2472021Revenue 2022: $1,767,314Expenses 2022: $1,639,849Net Income 2022: $127,4652022Revenue 2023: $1,817,508Expenses 2023: $1,743,920Net Income 2023: $73,5882023

Highlighted filing

2013

Revenue$1,365,516
Expenses$1,210,578
Net Income$154,938
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 18, 2014
Return Version
2013v3.1
Gross Receipts
$1,365,516
Mission and Program Overview

Mission

To encourage thrift among our members, to create a source of credit at a fair and reasonable cost, and to provide an opportunity for each of our members to improve their respective economic and social conditions.

SERVE OUR MEMBERS.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$15,942,076$16,905,564▲ $963,488
Rtn Earn Endowment Incm Other Fnds$1,871,835$2,026,773▲ $154,938
Land, Buildings, and Equipment, Net$1,139,883$1,083,702▼ $56,181
Savings and Temporary Cash Investments$351,488$327,438▼ $24,050
Cash and Non-Interest-Bearing Accounts$305,486$237,831▼ $67,655
Investments Program Related$135,678$139,007▲ $3,329
Receivables From Officers Etc-$72,000-
Prepaid Expenses and Deferred Charges$58,739$57,761▼ $978
Accounts Receivable$30,074$6,026▼ $24,048
Total Assets$18,174,286$19,025,298▲ $851,012
Other Assets Total$210,862$195,969▼ $14,893
Liabilities
Other Liabilities$16,248,559$16,951,721▲ $703,162
Accounts Payable and Accrued Expenses$53,892$46,804▼ $7,088
Total Liabilities$16,302,451$16,998,525▲ $696,074
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,871,835$2,026,773▲ $154,938
Total Liabilities and Net Assets / Fund Balance$18,174,286$19,025,298▲ $851,012

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$599,543$41,904$641,447
Land$420,000-$420,000
Equipment$64,159$266,839$330,998
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicholas KessenichPresidentFT$97,339$7,153$104,492

Board Members and Trustees

NameTitle
Ron KlugeChairman
Dennis NiebuhrVice Chair
Amanda KnobelDirector
Dennis BaribeauDirector
Gerald RingDirector
Jeff TerrySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,360,843
Investment Income
$1,686
Other Revenue
$2,987
Change in Net Assets
$154,938
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$815,457
Salaries, Compensation, and Employee Benefits$395,121
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$281,524
Other Salaries and Wages---$239,841
Current Officers, Directors, Trustees, and Key Employees---$97,339
Fees for Services Other---$64,301
Occupancy---$59,930
Depreciation Depletion---$58,216
Insurance---$32,221
Advertising---$28,487
Payroll Taxes---$25,092
Other Employee Benefits---$21,875
Pension Plan Contributions---$10,974
Travel---$3,198
Fees for Services Legal---$2,900
Other Expenses---$734
Interest---$5
Total Functional Expenses$0$0$0$1,210,578
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-$72,000-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$16,951,721
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, Page 6, Part VI, Line 6

“The organization has members. To be a member, you must have a share (savings) account at the credit union.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the credit union members. Each member has one vote.”

Form 990, Page 6, Part VI, Line 7B

“A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.”

Form 990, Page 6, Part VI, Line 11B

“Management provides data to independent cpa who prepares the return. Management reviews the return for correctness, and then authorizes cpa to e-file the approved return. Management reviews the return with the board at the next board meeting.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors determines the president's salary. They compare it to the wi league and cuna salary data. Approval is documented and retained by the board chair.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, policies, and financial statements are made available to members upon request.”

Filing and Contact Details

Filer

EIN
39-1019822
Phone
6082715301

Signing Officer

Name
Nicholas Kessenich
Title
President
Phone
6082715301
Signed
2014-08-18

Organization Details

Principal Officer
Nicholas Kessenich
Formed
1955
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
6
Employees
13
Volunteers
7

Preparer

Preparer
Brent Wookey CPA
Supplemental Narrative

Additional Explanations

Form 990, Page 5, Part V, Line 3B

“The credit union will file the 990-t by its extended due date of november 15th.”

Raw XML Appendix339 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/TitleTxt6DIRECTOR
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0EXECUTIVE BENEFIT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt072000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0NICHOLAS KESSENICH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt072000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION WILL FILE THE 990-T BY ITS EXTENDED DUE DATE OF NOVEMBER 15TH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT PROVIDES DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR CORRECTNESS, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE BOARD AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS DETERMINES THE PRESIDENT'S SALARY. THEY COMPARE IT TO THE WI LEAGUE AND CUNA SALARY DATA. APPROVAL IS DOCUMENTED AND RETAINED BY THE BOARD CHAIR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt018174286
IRS990/TotalAssetsEOYAmt019025298
IRS990/TotalAssetsGrp/BOYAmt018174286
IRS990/TotalAssetsGrp/EOYAmt019025298
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01210578
IRS990/TotalGrossUBIAmt03680
IRS990/TotalLiabilitiesBOYAmt016302451
IRS990/TotalLiabilitiesEOYAmt016998525
IRS990/TotalLiabilitiesGrp/BOYAmt016302451
IRS990/TotalLiabilitiesGrp/EOYAmt016998525
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01871835
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02026773
IRS990/TotalOtherCompensationAmt07153
IRS990/TotalProgramServiceRevenueAmt01360843
IRS990/TotalReportableCompFromOrgAmt097339
IRS990/TotalRevenueGrp/ExclusionAmt04673
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01357163
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01365516
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03680
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018174286
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019025298
IRS990/TravelGrp/TotalAmt03198
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine103401 W BELTLINE HWY
IRS990/USAddress/City0MADISON
IRS990/USAddress/State0WI
IRS990/USAddress/ZIPCode053713
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0MBR1CU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NICHOLAS KESSENICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06082715301
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine10MEMBERS FIRST CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MEMB
ReturnHeader/Filer/EIN0391019822
ReturnHeader/Filer/PhoneNum06082715301
ReturnHeader/Filer/USAddress/AddressLine103401 W BELTLINE HWY
ReturnHeader/Filer/USAddress/City0MADISON
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode053713
ReturnHeader/PreparerPersonGrp/PreparationDt02014-08-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/ReturnTs02014-08-29T13:42:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,025,298
Liabilities
$16,998,525
Net assets
$2,026,773
Revenue
$1,365,516
Expenses
$1,210,578
Net income
$154,938
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$1.82$1.74$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.0$24.1$3.91$1.77$1.64$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$24.5$3.78$1.73$1.44$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.8$24.3$3.49$1.76$1.59$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$21.7$3.32$1.78$1.61$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$22.3$3.15$1.67$1.47$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.2$19.3$2.95$1.53$1.30$0.23
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$19.3$2.72$1.45$1.23$0.22
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.0$18.5$2.50$1.35$1.15$0.21
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.7$17.4$2.29$1.34$1.08$0.26
2013Detailed filing. Detailed filing data is available for this year.$19.0$17.0$2.03$1.37$1.21$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$16.3$1.87$1.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$15.9$1.83$1.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$15.4$1.81$1.42