Civic Intelligence

First Credit Union

990 • Fiscal year 2014 • EIN 39-1020122

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 13, 2015

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

76th percentile

0.90x

Higher debt load relative to assets than 76% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

23.28x

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

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Net Margin

34th percentile

2.2%

Higher net margin than 34% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

55th percentile

$73,352

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Asset Growth

62nd percentile

2.9%

Faster asset growth than 62% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

63rd percentile

2.0%

Faster revenue growth than 63% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$14,145,403

Up $392,989 (+2.9%) from 2013

Net Assets

Up

$1,425,362

Up $11,849 (+0.8%) from 2013

Liabilities

Up

$12,720,041

Up $381,140 (+3.1%) from 2013

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin34th percentile

Revenue

Up

$546,324

Up $10,538 (+2.0%) from 2013

Expenses

Down

$534,475

Down $28,270 (-5.0%) from 2013

Net Income

Up

$11,849

Up $38,808 (+144%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth62nd 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

2014

Assets$14,145,403
Liabilities$12,720,041
Net Assets$1,425,362
Open 2014 Filing

Operations Trend

Revenue Growth63rd percentile

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

2014

Revenue$546,324
Expenses$534,475
Net Income$11,849
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 13, 2015
Return Version
2014v5.0
Gross Receipts
$546,324
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$8,001,632$8,496,315▲ $494,683
Savings and Temporary Cash Investments$4,634,903$4,659,057▲ $24,154
Rtn Earn Endowment Incm Other Fnds$1,413,513$1,425,362▲ $11,849
Land, Buildings, and Equipment, Net$403,442$391,932▼ $11,510
Cash and Non-Interest-Bearing Accounts$329,888$201,253▼ $128,635
Investments Program Related$199,446$200,759▲ $1,313
Prepaid Expenses and Deferred Charges$147,141$157,303▲ $10,162
Accounts Receivable-$733-
Total Assets$13,752,414$14,145,403▲ $392,989
Other Assets Total$35,962$38,051▲ $2,089
Liabilities
Other Liabilities$12,307,197$12,703,204▲ $396,007
Accounts Payable and Accrued Expenses$31,704$16,837▼ $14,867
Total Liabilities$12,338,901$12,720,041▲ $381,140
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,413,513$1,425,362▲ $11,849
Total Liabilities and Net Assets / Fund Balance$13,752,414$14,145,403▲ $392,989

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$204,089$202,868$406,957
Equipment$14,893$183,633$198,526
Land$172,950-$172,950
Investment Program Related Org$87,739--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol PecsiPresidentFT$69,200$4,152$73,352
Kandace LessardOperation ManagerFT$50,350$3,021$53,371

Board Members and Trustees

NameTitle
Don StoddardChairman
Bruce WranovskyVice-Chair
Stan DruckreyDirector
Steve PfisterDirector
Tim TalaskaDirector
Ed PinkowskiSecretary
Deborah ZioleckiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$475,688
Investment Income
$49,815
Other Revenue
$20,821
Change in Net Assets
$11,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$280,353
Salaries, Compensation, and Employee Benefits$254,122
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---$119,550
Other Salaries and Wages---$95,269
Office Expenses---$48,258
Occupancy---$34,626
Other Expenses-$34,249-$34,249
Information Technology---$32,132
Payroll Taxes---$14,920
Pension Plan Contributions---$12,489
Other Employee Benefits---$11,894
Depreciation Depletion---$11,510
Insurance---$11,149
All Other Expenses---$10,104
Payments to Affiliates---$8,852
Travel---$5,110
Fees for Services Legal---$4,120
Advertising---$3,421
Fees for Services Accounting---$1,667
Conferences and Meetings---$1,200
Interest---$42
Total Functional Expenses$0$0$0$534,475
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$12,711,022
Accrued Dividends$25
Other Liabilities$-7,843
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

“Presented at the Board Meeting and reviewed.”

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

Filer Name
First Credit Union
EIN
39-1020122
Address
2121 E Rawson Avenue, Oak Creek, WI 53154

Signing Officer

Name
Kandace Lessard
Title
Acting Manager
Phone
4147624460
Signed
2015-08-13
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

Firm
WCUL Services Corp
Address
N25W23131 Paul Rd Suite 500, Pewaukee, WI 53072
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 Appendix387 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/BOYAmt031704
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt016837
IRS990/AccountsReceivableGrp/EOYAmt0733
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0We 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.
IRS990/AdvertisingGrp/TotalAmt03421
IRS990/AllOtherExpensesGrp/TotalAmt010104
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Carol Pecsi
IRS990/BooksInCareOfDetail/PhoneNum04147624460
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02121 E Rawson Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Oak Creek
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053154
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0329888
IRS990/CashNonInterestBearingGrp/EOYAmt0201253
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0119550
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt01200
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt049815
IRS990/CYOtherExpensesAmt0280353
IRS990/CYOtherRevenueAmt020821
IRS990/CYProgramServiceRevenueAmt0475688
IRS990/CYRevenuesLessExpensesAmt011849
IRS990/CYSalariesCompEmpBnftPaidAmt0254122
IRS990/CYTotalExpensesAmt0534475
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0546324
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt011510
IRS990/Desc0We funded 241 loans during 2014. As of 12/31/14, we had 34 mortgages/home equity lines,730 consumer loans and 1 member business loan. We also had 209 credit cards accounts with members.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt01667
IRS990/FeesForServicesLegalGrp/TotalAmt04120
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt74152
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt83021
IRS990/Form990PartVIISectionAGrp/PersonNm0Don Stoddard
IRS990/Form990PartVIISectionAGrp/PersonNm1Bruce Wranovsky
IRS990/Form990PartVIISectionAGrp/PersonNm2Ed Pinkowski
IRS990/Form990PartVIISectionAGrp/PersonNm3Deborah Ziolecki
IRS990/Form990PartVIISectionAGrp/PersonNm4Tim Talaska
IRS990/Form990PartVIISectionAGrp/PersonNm5Stan Druckrey
IRS990/Form990PartVIISectionAGrp/PersonNm6Steve Pfister
IRS990/Form990PartVIISectionAGrp/PersonNm7Carol Pecsi
IRS990/Form990PartVIISectionAGrp/PersonNm8Kandace Lessard
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt769200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt850350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Operation Manager
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01951
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt04044
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt04044
IRS990/GrossReceiptsAmt0546324
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt01528
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt01528
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/TotalAmt032132
IRS990/InsuranceGrp/TotalAmt011149
IRS990/InterestGrp/TotalAmt042
IRS990/InvestmentIncomeGrp/ExclusionAmt044243
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt044243
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0199446
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0200759
IRS990/IRPDocumentCnt0193
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0386501
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0403442
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0391932
IRS990/LandBldgEquipCostOrOtherBssAmt0778433
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0We 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01413513
IRS990/NetAssetsOrFundBalancesEOYAmt01425362
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04044
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04044
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt034626
IRS990/OfficeExpensesGrp/TotalAmt048258
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt035962
IRS990/OtherAssetsTotalGrp/EOYAmt038051
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011894
IRS990/OtherExpensesGrp/Desc0Dividends to Members
IRS990/OtherExpensesGrp/Desc1Provision for Loan Loss
IRS990/OtherExpensesGrp/Desc2Loan Servicing Expense
IRS990/OtherExpensesGrp/Desc3Member AccountCard Costs
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt023606
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt124500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt225807
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt334249
IRS990/OtherExpensesGrp/TotalAmt023606
IRS990/OtherExpensesGrp/TotalAmt124500
IRS990/OtherExpensesGrp/TotalAmt225807
IRS990/OtherExpensesGrp/TotalAmt334249
IRS990/OtherLiabilitiesGrp/BOYAmt012307197
IRS990/OtherLiabilitiesGrp/EOYAmt012703204
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0Other Non-Operating
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020821
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020821
IRS990/OtherRevenueTotalAmt020821
IRS990/OtherSalariesAndWagesGrp/TotalAmt095269
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08001632
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08496315
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt08852
IRS990/PayrollTaxesGrp/TotalAmt014920
IRS990/PensionPlanContributionsGrp/TotalAmt012489
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0147141
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0157303
IRS990/PrincipalOfficerNm0Carol Pecsi
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2519100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Member Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc2Other Member Fee Income
IRS990/ProgramServiceRevenueGrp/Desc3Non-Member ATM Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0358230
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1106059
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28705
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0358230
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1106059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28705
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32694
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02694
IRS990/ProgSrvcAccomActy2Grp/Desc0We have deposit, transaction, and investment accounts with 1935 members at 12/31. During 2014, we opened 203 new deposit, transaction and investment accounts.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt028281
IRS990/PYOtherExpensesAmt0325104
IRS990/PYOtherRevenueAmt01515
IRS990/PYProgramServiceRevenueAmt0505990
IRS990/PYRevenuesLessExpensesAmt0-26959
IRS990/PYSalariesCompEmpBnftPaidAmt0237641
IRS990/PYTotalExpensesAmt0562745
IRS990/PYTotalRevenueAmt0535786
IRS990/ReconcilationRevenueExpnssAmt011849
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01413513
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01425362
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04634903
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04659057
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0204089
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0202868
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0406957
IRS990ScheduleD/EquipmentGrp/BookValueAmt014893
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0183633
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0198526
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0113020
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/Amt012711022
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt125
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-7843
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Dividends
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Other Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0391932
IRS990ScheduleD/TotalBookValueProgramRltdAmt0200759
IRS990ScheduleD/TotalLiabilityAmt012703204
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/ExplanationTxt4Presented at the Board Meeting and reviewed.
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/TotalAssetsBOYAmt013752414
IRS990/TotalAssetsEOYAmt014145403
IRS990/TotalAssetsGrp/BOYAmt013752414
IRS990/TotalAssetsGrp/EOYAmt014145403
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0534475
IRS990/TotalGrossUBIAmt02694
IRS990/TotalLiabilitiesBOYAmt012338901
IRS990/TotalLiabilitiesEOYAmt012720041
IRS990/TotalLiabilitiesGrp/BOYAmt012338901
IRS990/TotalLiabilitiesGrp/EOYAmt012720041
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01413513
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01425362
IRS990/TotalOtherCompensationAmt07173
IRS990/TotalProgramServiceRevenueAmt0475688
IRS990/TotalReportableCompFromOrgAmt0119550
IRS990/TotalRevenueGrp/ExclusionAmt049815
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0493815
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0546324
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02694
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013752414
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014145403
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt05110
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.firstcu-wi.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Kandace Lessard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Acting Manager
ReturnHeader/BusinessOfficerGrp/PhoneNum04147624460
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0First Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0391020122
ReturnHeader/Filer/USAddress/AddressLine1Txt02121 E Rawson Avenue
ReturnHeader/Filer/USAddress/CityNm0Oak Creek
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053154
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391127312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WCUL Services Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0N25W23131 Paul Rd Suite 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pewaukee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053072
ReturnHeader/PreparerPersonGrp/PhoneNum02625490200
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari Thompson
ReturnHeader/ReturnTs02015-08-13T20:01:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,145,403
Liabilities
$12,720,041
Net assets
$1,425,362
Revenue
$546,324
Expenses
$534,475
Net income
$11,849
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