Civic Intelligence

Unknown Organization

990 • Fiscal year 2013 • EIN 39-1027199

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 17, 2014

Organization Profilewww.racinepolicecu.virtualcu.net
730 Center Street53403

(262) 635-7824

Siviq Scores

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

Liabilities / Assets

37th percentile

0.79x

Higher debt load relative to assets than 37% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

80th percentile

24.62x

Higher debt load relative to revenue than 80% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2013

Net Margin

5th percentile

-59%

Higher net margin than 5% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

43rd percentile

-1.6%

Faster asset growth than 43% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M 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 / Assets37th percentile

Assets

Down

$1,979,690

Down $31,429 (-1.6%) from 2012

Net Assets

Down

$414,972

Down $37,563 (-8.3%) from 2012

Liabilities

Up

$1,564,718

Up $6,134 (+0.4%) from 2012

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin5th percentile

Revenue

$63,552

No earlier filing loaded for comparison.

Expenses

Up

$101,115

Up $16,368 (+19%) from 2012

Net Income

-$37,563

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,021,595Liabilities 2010: $1,530,498Net Assets 2010: $491,0972010Assets 2011: $2,199,158Liabilities 2011: $1,731,020Net Assets 2011: $468,1382011Assets 2012: $2,011,119Liabilities 2012: $1,558,584Net Assets 2012: $452,5352012Assets 2013: $1,979,690Liabilities 2013: $1,564,718Net Assets 2013: $414,9722013

Highlighted filing

2013

Assets$1,979,690
Liabilities$1,564,718
Net Assets$414,972
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0-$50KExpenses 2010: $107,0492010Expenses 2011: $102,1282011Expenses 2012: $84,7472012Revenue 2013: $63,552Expenses 2013: $101,115Net Income 2013: -$37,5632013

Highlighted filing

2013

Revenue$63,552
Expenses$101,115
Net Income-$37,563
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 17, 2014
Return Version
2013v3.1
Gross Receipts
$63,552
Mission and Program Overview

Mission

Our mission is to provide exceptional, personalized and convenient products and services to our members/owners, in reaching their financial goals. The Racine Police Credit Union is a not-for-profit financial cooperative owned by its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,102,556$1,125,740▲ $23,184
Savings and Temporary Cash Investments$855,547$766,747▼ $88,800
Rtn Earn Endowment Incm Other Fnds$452,535$414,972▼ $37,563
Cash and Non-Interest-Bearing Accounts$31,522$49,655▲ $18,133
Investments Program Related$16,937$31,779▲ $14,842
Prepaid Expenses and Deferred Charges$3,655$5,769▲ $2,114
Land, Buildings, and Equipment, Net$902--
Total Assets$2,011,119$1,979,690▼ $31,429
Liabilities
Other Liabilities$1,528,508$1,534,905▲ $6,397
Accounts Payable and Accrued Expenses$30,076$29,813▼ $263
Total Liabilities$1,558,584$1,564,718▲ $6,134
Net Assets / Fund Balance
Total Net Assets Fund Balance$452,535$414,972▼ $37,563
Total Liabilities and Net Assets / Fund Balance$2,011,119$1,979,690▼ $31,429

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$26,387$26,387
Equipment-$4,892$4,892
Investment Program Related Org$16,509--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Steven A WagnerPresident & Board TreasurerPT$8,050$8,050
Robert HeckelAsst TreasurerBoard Vice-ChPT$5,365$5,365
Norine YoungSecretary & TellerPT$4,220$4,220
Kurt MeyerTeller & Board DirectorPT$3,895$3,895
Kelly MadisenTeller & Board DirectorPT$3,220$3,220
Brent HutchisonDirectorTellerPT$630$630

Board Members and Trustees

NameTitle
Warren JepsonCEOChair
Brad SpeigelhoffDirectorTeller
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$59,076
Investment Income
$3,631
Other Revenue
$845
Change in Net Assets
$-37,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$72,375
Salaries, Compensation, and Employee Benefits$28,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$33,659-$33,659
Current Officers, Directors, Trustees, and Key Employees---$26,355
Office Expenses---$15,223
Insurance---$5,686
Payments to Affiliates---$2,483
Occupancy---$2,464
Payroll Taxes---$2,385
Fees for Services Accounting---$1,842
All Other Expenses---$1,701
Conferences and Meetings---$1,657
Depreciation Depletion---$902
Travel---$450
Advertising---$100
Total Functional Expenses$0$0$0$101,115
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$1,533,811
Other Liabilities$1,094
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Conflict-of-interest policy
No
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

“Form 990 is reveiwed by Board of Directors at the monthly meeting prior to filing.”

CEO executive director top management comp Part VI line 15A

“Compensation changes are recommended by the Compensation Committee and then presented to the Board of Directors for a decision.”

Other officer or key employee compensation Part VI line 15B

“Compensation changes are recommended by the Compensation Committee and then presented to the Board of Directors for a decision.”

Governing documents etc available to public Part VI line 19

“Documents are available in the Credit Union”

Filing and Contact Details

Filer

EIN
39-1027199

Signing Officer

Name
Steven Wagner
Title
President
Phone
2626357824
Signed
2014-04-17
Discuss with paid preparer
No

Organization Details

Principal Officer
Steven A Wagner
Formed
1941
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
6

Preparer

Preparer
Cari Thompson
Phone
2625490200
Raw XML Appendix347 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/BOYAmt030076
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt029813
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Our mission is to provide exceptional, personalized and convenient products and services to our members/owners, in reaching their financial goals. The Racine Police Credit Union is a not-for-profit financial cooperative owned by its members.
IRS990/AdvertisingGrp/TotalAmt0100
IRS990/AllOtherExpensesGrp/TotalAmt01701
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Steven A Wagner
IRS990/BooksInCareOfDetail/PhoneNum02626357824
IRS990/BooksInCareOfDetail/USAddress/AddressLine10730 Center Street
IRS990/BooksInCareOfDetail/USAddress/City0Racine
IRS990/BooksInCareOfDetail/USAddress/State0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCode053403
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt031522
IRS990/CashNonInterestBearingGrp/EOYAmt049655
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt026355
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt01657
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03631
IRS990/CYOtherExpensesAmt072375
IRS990/CYOtherRevenueAmt0845
IRS990/CYProgramServiceRevenueAmt059076
IRS990/CYRevenuesLessExpensesAmt0-37563
IRS990/CYSalariesCompEmpBnftPaidAmt028740
IRS990/CYTotalExpensesAmt0101115
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt063552
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0902
IRS990/Desc0We have deposit, transaction, and investment accounts with 501 members at 12/31/13. During 2013, we opened 9 new deposit, transaction and investment accounts.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt01842
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/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt310.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt410.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt510.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt610.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
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/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0Steven A Wagner
IRS990/Form990PartVIISectionAGrp/PersonNm1Robert Heckel
IRS990/Form990PartVIISectionAGrp/PersonNm2Warren Jepson
IRS990/Form990PartVIISectionAGrp/PersonNm3Norine Young
IRS990/Form990PartVIISectionAGrp/PersonNm4Kurt Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm5Kelly Madisen
IRS990/Form990PartVIISectionAGrp/PersonNm6Brent Hutchison
IRS990/Form990PartVIISectionAGrp/PersonNm7Brad Speigelhoff
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt08050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15365
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt34220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt43895
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt53220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6630
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
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/TitleTxt0President & Board Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Asst TreasurerBoard Vice-Ch
IRS990/Form990PartVIISectionAGrp/TitleTxt2CEOChair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary & Teller
IRS990/Form990PartVIISectionAGrp/TitleTxt4Teller & Board Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Teller & Board Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6DirectorTeller
IRS990/Form990PartVIISectionAGrp/TitleTxt7DirectorTeller
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01941
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt063552
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt05686
IRS990/InvestmentIncomeGrp/ExclusionAmt03631
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03631
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt016937
IRS990/InvestmentsProgramRelatedGrp/EOYAmt031779
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt031279
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0902
IRS990/LandBldgEquipCostOrOtherBssAmt031279
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Our mission is to provide exceptional, personalized and convenient products and services to our members/owners, in reaching their financial goals. The Racine Police Credit Union is a not-for-profit financial cooperative owned by its members.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0452535
IRS990/NetAssetsOrFundBalancesEOYAmt0414972
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt02464
IRS990/OfficeExpensesGrp/TotalAmt015223
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Dividends on Shares
IRS990/OtherExpensesGrp/Desc1Member AccountCard Costs
IRS990/OtherExpensesGrp/Desc2Loan Servicing Exp
IRS990/OtherExpensesGrp/Desc3Provision for Loan Loss
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01837
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13140
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21231
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt333659
IRS990/OtherExpensesGrp/TotalAmt01837
IRS990/OtherExpensesGrp/TotalAmt13140
IRS990/OtherExpensesGrp/TotalAmt21231
IRS990/OtherExpensesGrp/TotalAmt333659
IRS990/OtherLiabilitiesGrp/BOYAmt01528508
IRS990/OtherLiabilitiesGrp/EOYAmt01534905
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0Employment Credit Rpts
IRS990/OtherRevenueMiscGrp/Desc1ACH GL Direct
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0780
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt165
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0780
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt165
IRS990/OtherRevenueTotalAmt0845
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01102556
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01125740
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt02483
IRS990/PayrollTaxesGrp/TotalAmt02385
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03655
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05769
IRS990/PrincipalOfficerNm0Steven A Wagner
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Member AccountCard fee
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058063
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11013
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058063
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11013
IRS990/ProgSrvcAccomActy2Grp/Desc0We funded 35 loans during 2013. As of 12/31/13, we had 14 mortgages/home equity and 91 consumer loans. We also had at 12/31 65 credit card accounts.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt04199
IRS990/PYOtherExpensesAmt045670
IRS990/PYOtherRevenueAmt02102
IRS990/PYProgramServiceRevenueAmt062843
IRS990/PYRevenuesLessExpensesAmt0-15603
IRS990/PYSalariesCompEmpBnftPaidAmt039077
IRS990/PYTotalExpensesAmt084747
IRS990/PYTotalRevenueAmt069144
IRS990/ReconcilationRevenueExpnssAmt0-37563
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0452535
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0414972
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0855547
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0766747
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04892
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04892
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt015270
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt116509
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CCCU MCSPIC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026387
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026387
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01533811
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11094
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other Liabilities
IRS990ScheduleD/TotalBookValueProgramRltdAmt031779
IRS990ScheduleD/TotalLiabilityAmt01534905
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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/ExplanationTxt1The Board of Directors is elected by the membership utilizing their one vote per member
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each 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/ExplanationTxt3Form 990 is reveiwed by Board of Directors at the monthly meeting prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation changes are recommended by the Compensation Committee and then presented to the Board of Directors for a decision.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation changes are recommended by the Compensation Committee and then presented to the Board of Directors for a decision.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documents are available in the Credit Union
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
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/TotalAssetsBOYAmt02011119
IRS990/TotalAssetsEOYAmt01979690
IRS990/TotalAssetsGrp/BOYAmt02011119
IRS990/TotalAssetsGrp/EOYAmt01979690
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0101115
IRS990/TotalGrossUBIAmt0845
IRS990/TotalLiabilitiesBOYAmt01558584
IRS990/TotalLiabilitiesEOYAmt01564718
IRS990/TotalLiabilitiesGrp/BOYAmt01558584
IRS990/TotalLiabilitiesGrp/EOYAmt01564718
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0452535
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0414972
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt059076
IRS990/TotalReportableCompFromOrgAmt025380
IRS990/TotalRevenueGrp/ExclusionAmt03631
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt059076
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt063552
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0845
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02011119
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01979690
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0450
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.racinepolicecu.virtualcu.net
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Steven Wagner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02626357824
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-04-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10Racine Police Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0RACI
ReturnHeader/Filer/EIN0391027199
ReturnHeader/Filer/USAddress/AddressLine10730 Center Street
ReturnHeader/Filer/USAddress/City0Racine
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode053403
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/PreparationDt02014-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari Thompson
ReturnHeader/ReturnTs02014-11-12T19:51:42-06:00
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
$1,979,690
Liabilities
$1,564,718
Net assets
$414,972
Revenue
$63,552
Expenses
$101,115
Net income
-$37,563
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Detailed filing. Detailed filing data is available for this year.$1.98$1.56$0.41$0.06$0.10$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$1.56$0.45$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$1.73$0.47$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$1.53$0.49$0.11