Civic Intelligence

Arcadia Credit Union

990 • Fiscal year 2016 • EIN 39-1081863

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 13, 2017

PO Box 187Arcadia, WI 54612

(608) 323-2126

Siviq Scores

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

Liabilities / Assets

31st percentile

0.87x

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

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

19.00x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

78th percentile

17%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

61st percentile

$149,570

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

69th percentile

5.6%

Faster asset growth than 69% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

3.9%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Up

$71,559,370

Up $3,777,396 (+5.6%) from 2015

Net Assets

Up

$9,372,071

Up $541,383 (+6.1%) from 2015

Liabilities

Up

$62,187,299

Up $3,236,013 (+5.5%) from 2015

Revenue

Up

$3,272,303

Up $121,998 (+3.9%) from 2015

Expenses

Up

$2,730,920

Up $167,065 (+6.5%) from 2015

Net Income

Down

$541,383

Down $45,067 (-7.7%) from 2015

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $57,567,271Liabilities 2010: $51,816,188Net Assets 2010: $5,751,0832010Assets 2011: $57,696,213Liabilities 2011: $51,225,857Net Assets 2011: $6,470,3562011Assets 2012: $62,831,368Liabilities 2012: $55,720,795Net Assets 2012: $7,110,5732012Assets 2013: $63,383,816Liabilities 2013: $55,696,480Net Assets 2013: $7,687,3362013Assets 2014: $69,291,068Liabilities 2014: $61,046,830Net Assets 2014: $8,244,2382014Assets 2015: $67,781,974Liabilities 2015: $58,951,286Net Assets 2015: $8,830,6882015Assets 2016: $71,559,370Liabilities 2016: $62,187,299Net Assets 2016: $9,372,0712016Assets 2017: $74,811,047Liabilities 2017: $64,874,849Net Assets 2017: $9,936,1982017Assets 2018: $75,787,655Liabilities 2018: $65,184,155Net Assets 2018: $10,603,5002018Assets 2019: $84,738,273Liabilities 2019: $73,324,662Net Assets 2019: $11,413,6112019Assets 2020: $96,545,820Liabilities 2020: $84,449,997Net Assets 2020: $12,095,8232020Assets 2021: $109,650,634Liabilities 2021: $96,709,778Net Assets 2021: $12,940,8562021Assets 2022: $115,271,165Liabilities 2022: $101,346,340Net Assets 2022: $13,924,8252022

Highlighted filing

2016

Assets$71,559,370
Liabilities$62,187,299
Net Assets$9,372,071

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $2,876,7022010Expenses 2011: $2,647,7632011Expenses 2012: $2,559,7582012Revenue 2013: $3,106,609Expenses 2013: $2,530,530Net Income 2013: $576,0792013Revenue 2014: $3,152,780Expenses 2014: $2,597,658Net Income 2014: $555,1222014Revenue 2015: $3,150,305Expenses 2015: $2,563,855Net Income 2015: $586,4502015Revenue 2016: $3,272,303Expenses 2016: $2,730,920Net Income 2016: $541,3832016Revenue 2017: $3,515,156Expenses 2017: $2,951,029Net Income 2017: $564,1272017Revenue 2018: $3,653,833Expenses 2018: $2,986,531Net Income 2018: $667,3022018Revenue 2019: $3,887,047Expenses 2019: $3,076,937Net Income 2019: $810,1102019Revenue 2020: $3,935,822Expenses 2020: $3,253,610Net Income 2020: $682,2122020Revenue 2021: $4,047,303Expenses 2021: $3,202,270Net Income 2021: $845,0332021Revenue 2022: $4,580,474Expenses 2022: $3,596,505Net Income 2022: $983,9692022

Highlighted filing

2016

Revenue$3,272,303
Expenses$2,730,920
Net Income$541,383
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 13, 2017
Return Version
2016v3.0
Gross Receipts
$3,272,303
Mission and Program Overview

Mission

We strive to provide our members with quality service, low/no fees, and great rates.

None

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$53,783,827$55,062,812▲ $1,278,985
Savings and Temporary Cash Investments$11,941,418$14,520,312▲ $2,578,894
Rtn Earn Endowment Incm Other Fnds$8,830,688$9,372,071▲ $541,383
Investments Program Related$985,883$864,598▼ $121,285
Cash and Non-Interest-Bearing Accounts$622,381$734,681▲ $112,300
Land, Buildings, and Equipment, Net$216,150$220,390▲ $4,240
Prepaid Expenses and Deferred Charges$48,826$36,175▼ $12,651
Total Assets$67,781,974$71,559,370▲ $3,777,396
Other Assets Total$183,489$120,402▼ $63,087
Liabilities
Other Liabilities$58,266,141$61,197,952▲ $2,931,811
Accounts Payable and Accrued Expenses$685,145$989,347▲ $304,202
Total Liabilities$58,951,286$62,187,299▲ $3,236,013
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,830,688$9,372,071▲ $541,383
Total Liabilities and Net Assets / Fund Balance$67,781,974$71,559,370▲ $3,777,396

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$97,590$462,714$560,304
Equipment$68,300$243,555$311,855
Other Land Buildings$22,000$20,425$42,425
Land$32,500-$32,500
Investment Program Related Org$284,959--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Allen HalversonPresidentFT$118,033$31,537$149,570
Michele RoeslerCFOFT$102,592$32,183$134,775
Ivan PronschinskeChairman-$3,100-$3,100
Robert BraunDirector-$2,700-$2,700
Carol WineskiSecretary-$1,900-$1,900
Junior LagerDirector-$1,900-$1,900
Dale HowardDirector-$1,500-$1,500
John T SlabyTreasurer-$1,500-$1,500
Robert WozneyDirector-$600-$600
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,944,715
Investment Income
$327,213
Other Revenue
$375
Change in Net Assets
$541,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,454,448
Other Expenses$1,276,472
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$572,424
Other Employee Benefits---$504,217
Current Officers, Directors, Trustees, and Key Employees---$233,825
Office Expenses---$144,917
Advertising---$82,733
Pension Plan Contributions---$80,568
Payroll Taxes---$63,414
Conferences and Meetings---$63,285
Information Technology---$60,270
Other Expenses-$46,951-$46,951
All Other Expenses---$46,675
Occupancy---$40,945
Insurance---$35,665
Depreciation Depletion---$34,859
Payments to Affiliates---$25,042
Fees for Services Other---$18,296
Fees for Services Accounting---$9,600
Total Functional Expenses$0$0$0$2,730,920
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 Savings$61,170,046
Accrued Dividends$27,906
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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.o8

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 organizations 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

Review all inputed amounts and answers.

Conflict of interest policy compliance Part VI line 12C

Observance

CEO executive director top management comp Part VI line 15A

The Board of Directors review and approve CEO compensation based on salary surveys.

Governing documents etc available to public Part VI line 19

Upon request

Filing and Contact Details

Filer

Filer Name
Arcadia Credit Union
EIN
39-1081863
Address
PO Box 187, Arcadia, WI 54612

Signing Officer

Name
Allen Halverson
Title
CEOInterim Pres
Phone
6083232126
Signed
2017-04-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Allen Halverson
Formed
1963
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
21
Volunteers
7

Preparer

Firm
WCUL Services Corp
Address
N25W2313 Paul Rd Suite 500, Pewaukee, WI 53072
Preparer
Cari Thompson
Phone
2625490200
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.

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IRS990/PYTotalExpensesAmt02563855
IRS990/PYTotalRevenueAmt03150305
IRS990/ReconcilationRevenueExpnssAmt0541383
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0375
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08830688
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt09372071
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011941418
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014520312
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt097590
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0462714
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0560304
IRS990ScheduleD/EquipmentGrp/BookValueAmt068300
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0243555
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0311855
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0579639
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1284959
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CCCU - PIC & MCSD
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt032500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt032500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020425
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt042425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt061170046
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt127906
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Savings
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Dividends
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0220390
IRS990ScheduleD/TotalBookValueProgramRltdAmt0864598
IRS990ScheduleD/TotalLiabilityAmt061197952
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.o8
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organizations 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/ExplanationTxt3Review all inputed amounts and answers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Observance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors review and approve CEO compensation based on salary surveys.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Upon request
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/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
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/TotalAssetsBOYAmt067781974
IRS990/TotalAssetsEOYAmt071559370
IRS990/TotalAssetsGrp/BOYAmt067781974
IRS990/TotalAssetsGrp/EOYAmt071559370
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02730920
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058951286
IRS990/TotalLiabilitiesEOYAmt062187299
IRS990/TotalLiabilitiesGrp/BOYAmt058951286
IRS990/TotalLiabilitiesGrp/EOYAmt062187299
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08830688
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09372071
IRS990/TotalOtherCompensationAmt063720
IRS990/TotalProgramServiceRevenueAmt02944715
IRS990/TotalReportableCompFromOrgAmt0233825
IRS990/TotalRevenueGrp/ExclusionAmt0327588
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02944715
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03272303
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt067781974
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt071559370
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.arcadiacu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Allen Halverson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEOInterim Pres
ReturnHeader/BusinessOfficerGrp/PhoneNum06083232126
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Arcadia Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0ARCA
ReturnHeader/Filer/EIN0391081863
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 187
ReturnHeader/Filer/USAddress/CityNm0Arcadia
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054612
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0110D63440C42215569A41D88634943DBED7962F4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0110D63440C42215569A41D88634943DBED7962F4
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId03922392017107x4scfez
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-04-17
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.219.136.146
ReturnHeader/FilingSecurityInformation/IPDt02017-04-17
ReturnHeader/FilingSecurityInformation/IPTm019:37:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391127312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WCUL Services Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0N25W2313 Paul Rd Suite 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pewaukee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053072
ReturnHeader/PreparerPersonGrp/PhoneNum02625490200
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari Thompson
ReturnHeader/ReturnTs02017-04-17T14:10:50-04:00
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
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
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.$115$101$13.9$4.58$3.60$0.98
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$96.7$12.9$4.05$3.20$0.85
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$96.5$84.4$12.1$3.94$3.25$0.68
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.7$73.3$11.4$3.89$3.08$0.81
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.8$65.2$10.6$3.65$2.99$0.67
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.8$64.9$9.94$3.52$2.95$0.56
2016Detailed filing. Detailed filing data is available for this year.$71.6$62.2$9.37$3.27$2.73$0.54
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.8$59.0$8.83$3.15$2.56$0.59
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.3$61.0$8.24$3.15$2.60$0.56
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$63.4$55.7$7.69$3.11$2.53$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.8$55.7$7.11$2.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.7$51.2$6.47$2.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.6$51.8$5.75$2.88