Civic Intelligence

First Credit Union

990 • Fiscal year 2013 • EIN 39-1020122

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 13, 2014

Organization Profilewww.firstcu-wi.com

View Organization Page

2121 E Rawson AvenueOak Creek, WI 53154

(414) 762-4460

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.90x

Higher debt load relative to assets than 73% of similar nonprofits.

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

Liabilities / Revenue

65th percentile

23.03x

Higher debt load relative to revenue than 65% of similar nonprofits.

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

Net Margin

20th percentile

-5.0%

Higher net margin than 20% of similar nonprofits.

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

Top Officer Pay

59th percentile

$73,252

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

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

Asset Growth

81st percentile

5.8%

Faster asset growth than 81% 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 / Assets73rd percentile

Assets

Up

$13,752,414

Up $752,417 (+5.8%) from 2012

Net Assets

Down

$1,413,513

Down $26,959 (-1.9%) from 2012

Liabilities

Up

$12,338,901

Up $779,376 (+6.7%) from 2012

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin20th percentile

Revenue

$535,786

No earlier filing loaded for comparison.

Expenses

Up

$562,745

Up $39,953 (+7.6%) from 2012

Net Income

-$26,959

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$15M$10M$5.0M$0Assets 2010: $11,698,548Liabilities 2010: $10,281,451Net Assets 2010: $1,417,0972010Assets 2011: $12,455,241Liabilities 2011: $11,015,364Net Assets 2011: $1,439,8772011Assets 2012: $12,999,997Liabilities 2012: $11,559,525Net Assets 2012: $1,440,4722012Assets 2013: $13,752,414Liabilities 2013: $12,338,901Net Assets 2013: $1,413,5132013Assets 2014: $14,145,403Liabilities 2014: $12,720,041Net Assets 2014: $1,425,3622014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2013

Assets$13,752,414
Liabilities$12,338,901
Net Assets$1,413,513
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2010: $568,2842010Expenses 2011: $529,0332011Expenses 2012: $522,7922012Revenue 2013: $535,786Expenses 2013: $562,745Net Income 2013: -$26,9592013Revenue 2014: $546,324Expenses 2014: $534,475Net Income 2014: $11,8492014Revenue 2015: $472,537Expenses 2015: $674,790Net Income 2015: -$202,2532015

Highlighted filing

2013

Revenue$535,786
Expenses$562,745
Net Income-$26,959
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 13, 2014
Return Version
2013v3.1
Gross Receipts
$537,765
Mission and Program Overview

Mission

We are a Non-Profit, Member Owned Credit Union. We are committed to provide accurate and prompt financial services in a friendly people helping people manner, while maintaining financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,234,325$8,001,632▼ $232,693
Savings and Temporary Cash Investments$3,394,421$4,634,903▲ $1,240,482
Rtn Earn Endowment Incm Other Fnds$1,440,472$1,413,513▼ $26,959
Land, Buildings, and Equipment, Net$413,037$403,442▼ $9,595
Cash and Non-Interest-Bearing Accounts$381,706$329,888▼ $51,818
Investments Program Related$235,414$199,446▼ $35,968
Prepaid Expenses and Deferred Charges$175,957$147,141▼ $28,816
Total Assets$12,999,997$13,752,414▲ $752,417
Other Assets Total$165,137$35,962▼ $129,175
Liabilities
Other Liabilities$11,534,749$12,307,197▲ $772,448
Accounts Payable and Accrued Expenses$24,776$31,704▲ $6,928
Total Liabilities$11,559,525$12,338,901▲ $779,376
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,440,472$1,413,513▼ $26,959
Total Liabilities and Net Assets / Fund Balance$12,999,997$13,752,414▲ $752,417

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$213,027$144,501$357,528
Equipment$17,465$181,061$198,526
Land$172,950-$172,950
Investment Program Related Org$87,739--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol PecsiPresidentFT$69,200$4,052$73,252
Kandace LessardOperation ManagerFT$50,348$3,021$53,369

Board Members and Trustees

NameTitle
Don StoddardChairman
Bruce WranovskyVice-Chair
Chris KopplinDirector
Deborah ZioleckiDirector
Steve PfisterDirector
Theresa TruettnerDirector
Helen BriesemeisterSecretary
Deborah KrieseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$505,990
Investment Income
$28,281
Other Revenue
$1,515
Change in Net Assets
$-26,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$325,104
Salaries, Compensation, and Employee Benefits$237,641
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---$119,548
Other Salaries and Wages---$80,345
Office Expenses---$53,895
Occupancy---$37,124
Other Expenses-$32,872-$32,872
Information Technology---$30,891
Insurance---$19,473
Payroll Taxes---$14,302
Depreciation Depletion---$12,096
Other Employee Benefits---$11,894
Pension Plan Contributions---$11,552
All Other Expenses---$8,957
Payments to Affiliates---$8,854
Fees for Services Legal---$6,303
Travel---$4,999
Advertising---$3,218
Fees for Services Accounting---$2,203
Conferences and Meetings---$1,200
Interest---$26
Total Functional Expenses$0$0$0$562,745
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$12,303,958
Other Liabilities$3,209
Accrued Dividends$30
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
No
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

Members or stockholder classes and rights Part VI line 6

“The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors).”

Member election for additional members Part VI line 7A

“The Board of Directors is elected by the membership utilizing their one vote per member.”

Governing body decisions Part VI line 7B

“Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organization's bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions).”

Form 990 governing body review Part VI line 11

“It is reviewed at the regular monthly board meeting.”

Conflict of interest policy compliance Part VI line 12C

“Monitoring is ongoing. No enforcement to date.”

Governing documents etc available to public Part VI line 19

“All are available upon request.”

Filing and Contact Details

Filer

EIN
39-1020122

Signing Officer

Name
Carol Pecsi
Title
President
Phone
4147624460
Signed
2014-10-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Carol Pecsi
Formed
1951
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
7

Preparer

Preparer
Cari Thompson
Phone
2625490200
Supplemental Narrative

Additional Explanations

Unrelated business income explanation Part V line 3B

“The 990T will be filed before the extended due date.”

Raw XML Appendix389 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/SavingsAndTempCashInvstGrp/EOYAmt04634903
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0213027
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0144501
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0357528
IRS990ScheduleD/EquipmentGrp/BookValueAmt017465
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0181061
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0198526
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0111707
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt187739
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Corporate Central CU
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0172950
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0172950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012303958
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt130
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23209
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Dividends
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Other Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0403442
IRS990ScheduleD/TotalBookValueProgramRltdAmt0199446
IRS990ScheduleD/TotalLiabilityAmt012307197
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990T will be filed before the extended due date.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors is elected by the membership utilizing their one vote per member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organization's bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4It is reviewed at the regular monthly board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Monitoring is ongoing. No enforcement to date.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6All are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Unrelated business income explanation Part V line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012999997
IRS990/TotalAssetsEOYAmt013752414
IRS990/TotalAssetsGrp/BOYAmt012999997
IRS990/TotalAssetsGrp/EOYAmt013752414
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0562745
IRS990/TotalGrossUBIAmt03274
IRS990/TotalLiabilitiesBOYAmt011559525
IRS990/TotalLiabilitiesEOYAmt012338901
IRS990/TotalLiabilitiesGrp/BOYAmt011559525
IRS990/TotalLiabilitiesGrp/EOYAmt012338901
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01440472
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01413513
IRS990/TotalOtherCompensationAmt07073
IRS990/TotalProgramServiceRevenueAmt0505990
IRS990/TotalReportableCompFromOrgAmt0119548
IRS990/TotalRevenueGrp/ExclusionAmt029796
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0502716
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0535786
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03274
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012999997
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013752414
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt04999
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.firstcu-wi.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Carol Pecsi
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04147624460
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10First Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0391020122
ReturnHeader/Filer/USAddress/AddressLine102121 E Rawson Avenue
ReturnHeader/Filer/USAddress/City0Oak Creek
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode053154
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391127312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WCUL Services Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10N25W23131 Paul Rd Suite 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Pewaukee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode053072
ReturnHeader/PreparerPersonGrp/PhoneNum02625490200
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari Thompson
ReturnHeader/ReturnTs02014-11-11T14:47:03-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$13,752,414
Liabilities
$12,338,901
Net assets
$1,413,513
Revenue
$535,786
Expenses
$562,745
Net income
-$26,959
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.47$0.67$0.20
2014Detailed filing. Detailed filing data is available for this year.$14.1$12.7$1.43$0.55$0.53$0.01
2013Detailed filing. Detailed filing data is available for this year.$13.8$12.3$1.41$0.54$0.56$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$11.6$1.44$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$11.0$1.44$0.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$10.3$1.42$0.57