Civic Intelligence

Members First Credit Union

990 • Fiscal year 2016 • EIN 39-1019822

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 03, 2017

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

59th percentile

0.88x

Higher debt load relative to assets than 59% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

18th percentile

13.24x

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

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Net Margin

81st percentile

15%

Higher net margin than 81% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$114,990

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2016

Asset Growth

73rd percentile

4.6%

Faster asset growth than 73% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

78th percentile

7.5%

Faster revenue growth than 78% of similar nonprofits.

2016 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$21,972,924

Up $962,209 (+4.6%) from 2015

Net Assets

Up

$2,719,834

Up $221,800 (+8.9%) from 2015

Liabilities

Up

$19,253,090

Up $740,409 (+4.0%) from 2015

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin81st percentile

Revenue

Up

$1,454,375

Up $102,054 (+7.5%) from 2015

Expenses

Up

$1,232,574

Up $86,782 (+7.6%) from 2015

Net Income

Up

$221,801

Up $15,272 (+7.4%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2016

Assets$21,972,924
Liabilities$19,253,090
Net Assets$2,719,834
Open 2016 Filing

Operations Trend

Revenue Growth78th percentile

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

2016

Revenue$1,454,375
Expenses$1,232,574
Net Income$221,801
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 3, 2017
Return Version
2016v3.0
Gross Receipts
$1,454,375
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$17,687,321$18,641,246▲ $953,925
Rtn Earn Endowment Incm Other Fnds$2,498,034$2,719,834▲ $221,800
Savings and Temporary Cash Investments$1,254,133$1,257,144▲ $3,011
Land, Buildings, and Equipment, Net$1,048,590$1,049,361▲ $771
Receivables From Officers Etc$216,000$288,000▲ $72,000
Cash and Non-Interest-Bearing Accounts$347,620$286,211▼ $61,409
Investments Program Related$151,366$161,165▲ $9,799
Prepaid Expenses and Deferred Charges$79,996$47,135▼ $32,861
Accounts Receivable$21,018$17,497▼ $3,521
Total Assets$21,010,715$21,972,924▲ $962,209
Other Assets Total$204,671$225,165▲ $20,494
Liabilities
Other Liabilities$18,285,704$18,874,171▲ $588,467
Accounts Payable and Accrued Expenses$226,977$378,919▲ $151,942
Total Liabilities$18,512,681$19,253,090▲ $740,409
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,498,034$2,719,834▲ $221,800
Total Liabilities and Net Assets / Fund Balance$21,010,715$21,972,924▲ $962,209

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$551,164$107,036$658,200
Equipment$78,197$350,168$428,365
Land$420,000-$420,000
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicholas KessenichPresidentFT$106,002$8,988$114,990

Board Members and Trustees

NameTitle
Ron KlugeChairman
Dennis NiebuhrVice Chair
Dennis BaribeauDirector
Gerald RingDirector
Sue PowersDirector
Jeff TerrySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,446,246
Investment Income
$4,133
Other Revenue
$3,996
Change in Net Assets
$221,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$715,154
Salaries, Compensation, and Employee Benefits$517,420
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$331,378
Office Expenses---$250,934
Current Officers, Directors, Trustees, and Key Employees---$106,002
Information Technology---$98,836
Fees for Services Other---$76,596
Depreciation Depletion---$57,926
Occupancy---$50,178
Advertising---$35,595
Other Employee Benefits---$35,458
Payroll Taxes---$31,976
Other Expenses---$19,443
Conferences and Meetings---$14,827
Pension Plan Contributions---$12,606
Insurance---$9,076
Total Functional Expenses$0$0$0$1,232,574
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$216,000$288,000▲ $72,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$18,874,171
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 one 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 preparer who completes the return. Management reviews the return for accuracy and then authorizes preparer 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 12C

“If we were to do any buisness with a company associated with employees or board members, it would be discussed with the board and included in the board minutes.”

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

“The board of directors determines the president's salary. They compare it to peer grup and other salary data. Approval is documented and retained by the board chairman.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Members First Credit Union
EIN
39-1019822
Phone
6082715301
Address
3401 W BELTLINE HWY, MADISON, WI 53713

Signing Officer

Name
Nicholas Kessenich
Title
President
Phone
6082715301
Signed
2017-08-03

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
Peter Rasmussen
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“ROUNDING -1”

Raw XML Appendix374 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0226977
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0378919
IRS990/AccountsReceivableGrp/BOYAmt021018
IRS990/AccountsReceivableGrp/EOYAmt017497
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SERVE OUR MEMBERS.
IRS990/AdvertisingGrp/TotalAmt035595
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0NICHOLAS KESSENICH
IRS990/BooksInCareOfDetail/PhoneNum06082715301
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03401 W BELTLINE HWY
IRS990/BooksInCareOfDetail/USAddress/CityNm0MADISON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053713
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0347620
IRS990/CashNonInterestBearingGrp/EOYAmt0286211
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0106002
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt014827
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04133
IRS990/CYOtherExpensesAmt0715154
IRS990/CYOtherRevenueAmt03996
IRS990/CYProgramServiceRevenueAmt01446246
IRS990/CYRevenuesLessExpensesAmt0221801
IRS990/CYSalariesCompEmpBnftPaidAmt0517420
IRS990/CYTotalExpensesAmt01232574
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01454375
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt057926
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 179 NEW MEMBER DEPOSIT ACCOUNTS IN 2016. AS OF 12/31/16 WE HAD 2,521 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt013
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesOtherGrp/TotalAmt076596
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt68988
IRS990/Form990PartVIISectionAGrp/PersonNm0RON KLUGE
IRS990/Form990PartVIISectionAGrp/PersonNm1DENNIS NIEBUHR
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFF TERRY
IRS990/Form990PartVIISectionAGrp/PersonNm3GERALD RING
IRS990/Form990PartVIISectionAGrp/PersonNm4SUE POWERS
IRS990/Form990PartVIISectionAGrp/PersonNm5DENNIS BARIBEAU
IRS990/Form990PartVIISectionAGrp/PersonNm6NICHOLAS KESSENICH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6106002
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01454375
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt098836
IRS990/InsuranceGrp/TotalAmt09076
IRS990/InvestmentIncomeGrp/ExclusionAmt04133
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04133
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0151366
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0161165
IRS990/IRPDocumentCnt0373
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0457204
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01048590
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01049361
IRS990/LandBldgEquipCostOrOtherBssAmt01506565
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SERVE OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02498034
IRS990/NetAssetsOrFundBalancesEOYAmt02719834
IRS990/NetUnrelatedBusTxblIncmAmt0-20624
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt050178
IRS990/OfficeExpensesGrp/TotalAmt0250934
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0204671
IRS990/OtherAssetsTotalGrp/EOYAmt0225165
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035458
IRS990/OtherExpensesGrp/Desc0DIVIDENDS PAID TO MEMBERS
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt0101743
IRS990/OtherExpensesGrp/TotalAmt119443
IRS990/OtherLiabilitiesGrp/BOYAmt018285704
IRS990/OtherLiabilitiesGrp/EOYAmt018874171
IRS990/OtherSalariesAndWagesGrp/TotalAmt0331378
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt017687321
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt018641246
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt031976
IRS990/PensionPlanContributionsGrp/TotalAmt012606
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt079996
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047135
IRS990/PrincipalOfficerNm0NICHOLAS KESSENICH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/BusinessCd4524298
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBER FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER MEMBER REALTED REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3NON-MEMBER ATM FEES
IRS990/ProgramServiceRevenueGrp/Desc4AUTO WARRANTY REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01054451
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1224803
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2163496
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01054451
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1224803
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2163496
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41300
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02196
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt11300
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 549 NEW LOANS TO MEMBERS DURING 2016. AS OF 12/31/16 WE HAD 1,648 LOANS TO OUR MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt02638
IRS990/PYOtherExpensesAmt0655704
IRS990/PYOtherRevenueAmt05584
IRS990/PYProgramServiceRevenueAmt01344099
IRS990/PYRevenuesLessExpensesAmt0206529
IRS990/PYSalariesCompEmpBnftPaidAmt0490088
IRS990/PYTotalExpensesAmt01145792
IRS990/PYTotalRevenueAmt01352321
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0216000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0288000
IRS990/ReconcilationRevenueExpnssAmt0221801
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt03996
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt03996
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02498034
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02719834
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01254133
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01257144
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0551164
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0107036
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0658200
IRS990ScheduleD/EquipmentGrp/BookValueAmt078197
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0350168
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0428365
IRS990ScheduleD/LandGrp/BookValueAmt0420000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0420000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018874171
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01049361
IRS990ScheduleD/TotalLiabilityAmt018874171
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt072000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt172000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt272000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt372000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SPLIT DOLLAR LIFE INSUR EXEC BENEFT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1SPLIT DOLLAR LIFE INSUR EXEC BENEFT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2SPLIT DOLLAR LIFE INSUR EXEC BENEFT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3SPLIT DOLLAR LIFE INSUR EXEC BENEFT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt072000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt172000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt272000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt372000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0NICHOLAS KESSENICH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1NICHOLAS KESSENICH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2NICHOLAS KESSENICH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3NICHOLAS KESSENICH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2PRESIENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/TotalBalanceDueAmt0288000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A 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/ExplanationTxt3MANAGEMENT PROVIDES DATA TO INDEPENDENT PREPARER WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE BOARD AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IF WE WERE TO DO ANY BUISNESS WITH A COMPANY ASSOCIATED WITH EMPLOYEES OR BOARD MEMBERS, IT WOULD BE DISCUSSED WITH THE BOARD AND INCLUDED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS DETERMINES THE PRESIDENT'S SALARY. THEY COMPARE IT TO PEER GRUP AND OTHER SALARY DATA. APPROVAL IS DOCUMENTED AND RETAINED BY THE BOARD CHAIRMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ROUNDING -1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt021010715
IRS990/TotalAssetsEOYAmt021972924
IRS990/TotalAssetsGrp/BOYAmt021010715
IRS990/TotalAssetsGrp/EOYAmt021972924
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01232574
IRS990/TotalGrossUBIAmt03496
IRS990/TotalLiabilitiesBOYAmt018512681
IRS990/TotalLiabilitiesEOYAmt019253090
IRS990/TotalLiabilitiesGrp/BOYAmt018512681
IRS990/TotalLiabilitiesGrp/EOYAmt019253090
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02498034
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02719834
IRS990/TotalOtherCompensationAmt08988
IRS990/TotalProgramServiceRevenueAmt01446246
IRS990/TotalReportableCompFromOrgAmt0106002
IRS990/TotalRevenueGrp/ExclusionAmt08129
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01442750
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01454375
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03496
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021010715
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021972924
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03401 W BELTLINE HWY
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053713
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0MBR1CU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NICHOLAS KESSENICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06082715301
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMBERS FIRST CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MEMB
ReturnHeader/Filer/EIN0391019822
ReturnHeader/Filer/PhoneNum06082715301
ReturnHeader/Filer/USAddress/AddressLine1Txt03401 W BELTLINE HWY
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053713
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04C5A70F7A5FDA4811252E2883A9E531D3168B42F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09BC338CFDC890234D28751759F3912E6BC56CABB
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER RASMUSSEN
ReturnHeader/ReturnTs02017-08-06T10:59:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,972,924
Liabilities
$19,253,090
Net assets
$2,719,834
Revenue
$1,454,375
Expenses
$1,232,574
Net income
$221,801
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
2016Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)14 • $10M-$25M nonprofits