Civic Intelligence

Marathon County Employees Credit Union

990 • Fiscal year 2016 • EIN 39-1045228

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 29, 2017

400 East Thomas StreetWausau, WI 54403

(715) 261-7689

Siviq Scores

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

Liabilities / Assets

37th percentile

0.84x

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

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

Liabilities / Revenue

31st percentile

16.31x

Higher debt load relative to revenue than 31% of similar nonprofits.

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

Net Margin

80th percentile

15%

Higher net margin than 80% of similar nonprofits.

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

Top Officer Pay

99th percentile

$175,335

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

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

Asset Growth

89th percentile

8.0%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

57th percentile

3.5%

Faster revenue growth than 57% of similar nonprofits.

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

Assets

Up

$24,843,555

Up $1,835,679 (+8.0%) from 2015

Net Assets

Up

$3,876,377

Up $189,633 (+5.1%) from 2015

Liabilities

Up

$20,967,178

Up $1,646,046 (+8.5%) from 2015

Revenue

Up

$1,285,929

Up $43,308 (+3.5%) from 2015

Expenses

Up

$1,096,295

Up $68,564 (+6.7%) from 2015

Net Income

Down

$189,634

Down $25,256 (-12%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $20,312,480Liabilities 2011: $17,242,885Net Assets 2011: $3,069,5952011Assets 2012: $21,495,702Liabilities 2012: $18,359,775Net Assets 2012: $3,135,9272012Assets 2013: $21,816,275Liabilities 2013: $18,511,386Net Assets 2013: $3,304,8892013Assets 2014: $21,600,729Liabilities 2014: $18,128,875Net Assets 2014: $3,471,8542014Assets 2015: $23,007,876Liabilities 2015: $19,321,132Net Assets 2015: $3,686,7442015Assets 2016: $24,843,555Liabilities 2016: $20,967,178Net Assets 2016: $3,876,3772016Assets 2018: $26,429,379Liabilities 2018: $22,110,612Net Assets 2018: $4,318,7672018Assets 2019: $28,865,176Liabilities 2019: $24,240,357Net Assets 2019: $4,624,8192019Assets 2020: $33,701,700Liabilities 2020: $28,892,924Net Assets 2020: $4,808,7762020Assets 2021: $37,430,788Liabilities 2021: $32,377,941Net Assets 2021: $5,052,8472021Assets 2022: $40,614,679Liabilities 2022: $35,175,618Net Assets 2022: $5,439,0612022Assets 2024: $42,464,911Liabilities 2024: $35,874,090Net Assets 2024: $6,590,8212024

Highlighted filing

2016

Assets$24,843,555
Liabilities$20,967,178
Net Assets$3,876,377

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2011: $1,103,9882011Expenses 2012: $1,170,8792012Revenue 2013: $1,248,898Expenses 2013: $1,079,936Net Income 2013: $168,9622013Revenue 2014: $1,250,621Expenses 2014: $1,061,360Net Income 2014: $189,2612014Revenue 2015: $1,242,621Expenses 2015: $1,027,731Net Income 2015: $214,8902015Revenue 2016: $1,285,929Expenses 2016: $1,096,295Net Income 2016: $189,6342016Revenue 2018: $1,441,486Expenses 2018: $1,186,402Net Income 2018: $255,0842018Revenue 2019: $1,573,837Expenses 2019: $1,267,784Net Income 2019: $306,0532019Revenue 2020: $1,531,304Expenses 2020: $1,347,347Net Income 2020: $183,9572020Revenue 2021: $1,574,857Expenses 2021: $1,330,786Net Income 2021: $244,0712021Revenue 2022: $1,727,380Expenses 2022: $1,341,166Net Income 2022: $386,2142022Revenue 2024: $2,400,880Expenses 2024: $1,839,293Net Income 2024: $561,5872024

Highlighted filing

2016

Revenue$1,285,929
Expenses$1,096,295
Net Income$189,634
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 29, 2017
Return Version
2016v3.0
Gross Receipts
$1,285,929
Mission and Program Overview

Mission

To serve our members' changing financial needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$20,139,422$20,952,174▲ $812,752
Rtn Earn Endowment Incm Other Fnds$3,686,744$3,876,377▲ $189,633
Savings and Temporary Cash Investments$1,354,950$2,355,981▲ $1,001,031
Investments Program Related$163,662$172,560▲ $8,898
Land, Buildings, and Equipment, Net$125,536$102,573▼ $22,963
Cash and Non-Interest-Bearing Accounts$122,014$96,779▼ $25,235
Prepaid Expenses and Deferred Charges$35,089$32,329▼ $2,760
Total Assets$23,007,876$24,843,555▲ $1,835,679
Other Assets Total$1,067,203$1,131,159▲ $63,956
Liabilities
Other Liabilities$19,142,487$20,694,185▲ $1,551,698
Accounts Payable and Accrued Expenses$167,816$266,188▲ $98,372
Escrow Account Liability$10,829$6,805▼ $4,024
Total Liabilities$19,321,132$20,967,178▲ $1,646,046
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,686,744$3,876,377▲ $189,633
Total Liabilities and Net Assets / Fund Balance$23,007,876$24,843,555▲ $1,835,679

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$98,552$254,559$353,111
Leasehold Improvements$4,021$5,362$9,383
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anne HeggelundPresidentFT$149,872$25,463$175,335
Robert BrussChairman-$1,400-$1,400
Jackie BethelSecretary-$800-$800
Bo JohnsonVice Chair-$600-$600
Katherine KainzDirector-$500-$500
Aaron RuffTreasurer-$400-$400
Lorraine BeyersdorffDirector-$400-$400
Raymond ThumsDirector-$300-$300
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,270,905
Investment Income
$9,548
Other Revenue
$5,476
Change in Net Assets
$189,634
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$607,005
Salaries, Compensation, and Employee Benefits$489,290
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$285,792
Other Salaries and Wages---$238,630
Current Officers, Directors, Trustees, and Key Employees---$154,272
Occupancy---$62,241
Information Technology---$57,589
Other Employee Benefits---$57,313
Fees for Services Other---$35,263
Depreciation Depletion---$30,307
Advertising---$27,122
Payroll Taxes---$25,488
Travel---$20,716
Insurance---$13,725
Pension Plan Contributions---$13,587
Other Expenses---$11,677
Conferences and Meetings---$1,338
Total Functional Expenses$0$0$0$1,096,295
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$20,139,980
457 Deferred Comp Plans$561,010
Less Escrow in Shares$-6,805
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. The board reviews the 990 at the next board meeting.

Form 990, Page 6, Part VI, Line 12C

Supervisory committee and compliance specialist review insider accounts. Compliance specialist reviews internal policies so she is aware of what type of things to look for.

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

The board of directors determines the president's salary. Board uses hrn compease data to help determine compensation. Approval is noted in the board minutes.

Form 990, Page 6, Part VI, Line 19

Governing documents made available upon request.

Filing and Contact Details

Filer

Filer Name
Marathon County Employees Credit Un
EIN
39-1045228
Phone
7152617689
Address
400 EAST THOMAS STREET, WAUSAU, WI 54403

Signing Officer

Name
Anne Heggelund
Title
President
Phone
7152617689
Signed
2017-06-29

Organization Details

Principal Officer
Anne Heggelund
Formed
1965
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
8
Volunteers
8

Preparer

Preparer
Peter Rasmussen
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ROUNDING -1

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The credit union holds funds in escrow accounts for property taxes and homeowners insurance related to mortgage loans.

Raw XML Appendix366 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1561010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-6805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1457 DEFERRED COMP PLANS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LESS ESCROW IN SHARES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0102573
IRS990ScheduleD/TotalLiabilityAmt020694185
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0149872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt021948
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03515
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANNE HEGGELUND
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0175335
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION PAYS THE ANNUAL DUES FOR THE PRESIDENT'S MEMBERSHIPS IN THE OPTIMIST CLUB AND THE YMCA.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1ANNE HEGGELUND 0 18,000 0
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 1A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE J, PAGE 1, PART I, LINE 4
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
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. THE BOARD REVIEWS THE 990 AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUPERVISORY COMMITTEE AND COMPLIANCE SPECIALIST REVIEW INSIDER ACCOUNTS. COMPLIANCE SPECIALIST REVIEWS INTERNAL POLICIES SO SHE IS AWARE OF WHAT TYPE OF THINGS TO LOOK FOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS DETERMINES THE PRESIDENT'S SALARY. BOARD USES HRN COMPEASE DATA TO HELP DETERMINE COMPENSATION. APPROVAL IS NOTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS 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/TotalAssetsBOYAmt023007876
IRS990/TotalAssetsEOYAmt024843555
IRS990/TotalAssetsGrp/BOYAmt023007876
IRS990/TotalAssetsGrp/EOYAmt024843555
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01096295
IRS990/TotalGrossUBIAmt0800
IRS990/TotalLiabilitiesBOYAmt019321132
IRS990/TotalLiabilitiesEOYAmt020967178
IRS990/TotalLiabilitiesGrp/BOYAmt019321132
IRS990/TotalLiabilitiesGrp/EOYAmt020967178
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03686744
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03876377
IRS990/TotalOtherCompensationAmt025463
IRS990/TotalProgramServiceRevenueAmt01270905
IRS990/TotalReportableCompFromOrgAmt0154272
IRS990/TotalRevenueGrp/ExclusionAmt015024
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01270105
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01285929
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0800
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023007876
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024843555
IRS990/TravelGrp/TotalAmt020716
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 E THOMAS ST
IRS990/USAddress/CityNm0WAUSAU
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054403
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MCECU.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNE HEGGELUND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07152617689
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARATHON COUNTY EMPLOYEES CREDIT UN
ReturnHeader/Filer/BusinessNameControlTxt0MARA
ReturnHeader/Filer/EIN0391045228
ReturnHeader/Filer/PhoneNum07152617689
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 EAST THOMAS STREET
ReturnHeader/Filer/USAddress/CityNm0WAUSAU
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054403
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04C5A70F7A5FDA4811252E2883A9E531D3168B42F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04C5A70F7A5FDA4811252E2883A9E531D3168B42F
ReturnHeader/PreparerPersonGrp/PreparationDt02017-06-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER RASMUSSEN
ReturnHeader/ReturnTs02017-06-29T11:39:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.5$35.9$6.59$2.40$1.84$0.56
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.6$35.2$5.44$1.73$1.34$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.4$32.4$5.05$1.57$1.33$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.7$28.9$4.81$1.53$1.35$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.9$24.2$4.62$1.57$1.27$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.4$22.1$4.32$1.44$1.19$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2016Detailed filing. Detailed filing data is available for this year.$24.8$21.0$3.88$1.29$1.10$0.19
2015Detailed filing. Detailed filing data is available for this year.$23.0$19.3$3.69$1.24$1.03$0.21
2014Detailed filing. Detailed filing data is available for this year.$21.6$18.1$3.47$1.25$1.06$0.19
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$21.8$18.5$3.30$1.25$1.08$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$18.4$3.14$1.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$17.2$3.07$1.10
Peer Organizations

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