Civic Intelligence

Midwest Credit Union

990 • Fiscal year 2011 • EIN 39-1104326

Jan 01, 2011 to Dec 31, 2011 • Filed on May 14, 2012

2902 S Business Drive53081
Siviq Scores

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

Liabilities / Assets

89th percentile

0.78x

Higher debt load relative to assets than 89% of similar nonprofits.

2011 filings • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

18th percentile

-7.1%

Faster asset growth than 18% of similar nonprofits.

2011 filings • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$3,697,325

Down $281,086 (-7.1%) from 2010

Net Assets

Down

$819,033

Down $103,703 (-11%) from 2010

Liabilities

Down

$2,878,292

Down $177,383 (-5.8%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$320,035

Up $95,510 (+43%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,978,411Liabilities 2010: $3,055,675Net Assets 2010: $922,7362010Assets 2011: $3,697,325Liabilities 2011: $2,878,292Net Assets 2011: $819,0332011Assets 2012: $3,504,517Liabilities 2012: $2,827,452Net Assets 2012: $677,0652012

Highlighted filing

2011

Assets$3,697,325
Liabilities$2,878,292
Net Assets$819,033

Operations Trend

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

$600K$400K$200K$0Expenses 2010: $224,5252010Expenses 2011: $320,0352011Expenses 2012: $488,2612012

Highlighted filing

2011

Revenue-
Expenses$320,035
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
May 14, 2012
Return Version
2011v1.2
Gross Receipts
$216,332
Mission and Program Overview

Major Activities

Activity 2
We funded 534 loans during 2011 As of 12312011 we had 37 mortgageshome equity lines and 329 consumer loans
Filing and Contact Details

Filer

EIN
39-1104326
Raw XML Appendix337 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/AccountantCompileOrReview0false
IRS990/AccountsPayableAccruedExpenses/BOY06090
IRS990/AccountsPayableAccruedExpenses/EOY05273
IRS990/AccountsReceivable/BOY01724
IRS990/ActivitiesConductedPartnership0false
IRS990/Activity2/Description0We funded 534 loans during 2011 As of 12312011 we had 37 mortgageshome equity lines and 329 consumer loans
IRS990/ActivityOrMissionDescription0We will provide excellent member service on a daily basis by remaining dedicated to the ideals on which we were founded Not for Profit Not for Charity But for Service
IRS990/Advertising/Total01256
IRS990/AllOtherExpenses/Total016285
IRS990/AnnualDisclosureCoveredPersons0true
IRS990/BenefitsPaidToMembersCY00
IRS990/BsnssRltnshpThruFamilyMember0false
IRS990/BsnssRltnshpWithOrganization0false
IRS990/CashNonInterestBearing/BOY075084
IRS990/CashNonInterestBearing/EOY0176719
IRS990/ChangesToOrganizingDocs0false
IRS990/CollectionsOfArt0false
IRS990/CompCurrentOfficersDirectors/Total040040
IRS990/CompensationFromOtherSources0false
IRS990/CompensationProcessCEO0false
IRS990/CompensationProcessOther0false
IRS990/ComplianceWithBackupWitholding0true
IRS990/ConferencesMeetings/Total02940
IRS990/ConflictOfInterestPolicy0true
IRS990/ConservationEasements0false
IRS990/ConsolidatedAuditFinancialStmt0false
IRS990/ContributionsGrantsCurrentYear00
IRS990/CreditCounseling0false
IRS990/DecisionsSubjectToApproval0true
IRS990/DeductibleContributionsOfArt0false
IRS990/DeductibleNonCashContributions0false
IRS990/DelegationOfManagementDuties0false
IRS990/DepreciationDepletion/Total016671
IRS990/DescribedIn501C30false
IRS990/Description0We have deposit transaction and investment accounts with 1125 members at 1231 During 2011 we opened 53 new deposit transaction and investment accounts
IRS990/DisregardedEntity0false
IRS990/DocumentRetentionPolicy0true
IRS990/DonorAdvisedFunds0false
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers0true
IRS990/EmploymentTaxReturnsFiled0true
IRS990/FamilyOrBusinessRelationship0false
IRS990/FederalGrantAuditRequired0false
IRS990/FeesForServicesAccounting/Total057842
IRS990/FeesForServicesLegal/Total011056
IRS990/ForeignActivities0false
IRS990/ForeignFinancialAccount0false
IRS990/ForeignOffice0false
IRS990/Form990PartVIISectionA/AverageHoursPerWeek012.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/NamePerson0Colleen Rosenthal
IRS990/Form990PartVIISectionA/NamePerson1David Opgenorth
IRS990/Form990PartVIISectionA/NamePerson2Nancy Schulze
IRS990/Form990PartVIISectionA/NamePerson3Rickie Greenlee
IRS990/Form990PartVIISectionA/NamePerson4Thomas Lubach
IRS990/Form990PartVIISectionA/NamePerson5Ursula Schwanke
IRS990/Form990PartVIISectionA/NamePerson6Amy S DeVrou
IRS990/Form990PartVIISectionA/NamePerson7Sarah M Gora
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/Officer3X
IRS990/Form990PartVIISectionA/Officer4X
IRS990/Form990PartVIISectionA/Officer5X
IRS990/Form990PartVIISectionA/Officer6X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation70
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization212146
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization627894
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization78716
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/Title0Secretary
IRS990/Form990PartVIISectionA/Title1Director
IRS990/Form990PartVIISectionA/Title2PresidentDirector partial year
IRS990/Form990PartVIISectionA/Title3Treasurer
IRS990/Form990PartVIISectionA/Title4Vice Chair
IRS990/Form990PartVIISectionA/Title5Chair
IRS990/Form990PartVIISectionA/Title6Manager
IRS990/Form990PartVIISectionA/Title7PresidentManager
IRS990/Form990ProvidedToGoverningBody0true
IRS990/FormersListed0false
IRS990/FSAudited0false
IRS990/FundraisingActivities0false
IRS990/Gaming0false
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsToIndividuals0false
IRS990/GrantsToOrganizations0false
IRS990/GrantToRelatedPerson0false
IRS990/GrossReceipts0216332
IRS990/GroupReturnForAffiliates0false
IRS990/Hospital0false
IRS990/IndependentAuditFinancialStmt0false
IRS990/IndoorTanningServices0false
IRS990/InfoInScheduleOPartVI0X
IRS990/InformationTechnology/Total011062
IRS990/Insurance/Total06084
IRS990/Interest/Total0149
IRS990/InvestmentIncomeCurrentYear012111
IRS990/InvestmentIncome/ExclusionAmount012111
IRS990/InvestmentIncomePriorYear019534
IRS990/InvestmentIncome/TotalRevenueColumn012111
IRS990/InvestmentInJointVenture0false
IRS990/InvestmentsProgramRelated/BOY025886
IRS990/InvestmentsProgramRelated/EOY028618
IRS990/LandBldgEquipmentAccumDeprec0103607
IRS990/LandBuildingsEquipmentBasis0137387
IRS990/LandBuildingsEquipmentBasisNet/BOY049757
IRS990/LandBuildingsEquipmentBasisNet/EOY033780
IRS990/LoanToOfficerOrDQP0false
IRS990/LocalChapters0false
IRS990/MaterialDiversionOrMisuse0true
IRS990/MembersOrStockholders0true
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees0true
IRS990/MinutesOfGoverningBody0true
IRS990/MissionDescription0We will provide excellent member service on a daily basis by remaining dedicated to the ideals on which we were founded Not for Profit Not for Charity But for Service
IRS990/MoreThan5000KToIndividuals0false
IRS990/MoreThan5000KToOrganizations0false
IRS990/MortNotesPyblSecuredInvestProp/BOY0187813
IRS990/NameOfPrincipalOfficerPerson0Nancy Schulze
IRS990/NbrIndependentVotingMembers05
IRS990/NbrVotingGoverningBodyMembers05
IRS990/NbrVotingMembersGoverningBody05
IRS990/NetAssetsOrFundBalancesBOY0922736
IRS990/NetAssetsOrFundBalancesEOY0819033
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions0false
IRS990/NumberFormsTransmittedWith1096034
IRS990/NumberIndependentVotingMembers05
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfEmployees08
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Total017709
IRS990/OfficeExpenses/Total027081
IRS990/OfficerEntityWithBsnssRltnshp0false
IRS990/OfficerMailingAddress0false
IRS990/Organization501c0X
IRS990/OtherEmployeeBenefits/Total04942
IRS990/OtherExpensePriorYear0140480
IRS990/OtherExpensesCurrentYear0222223
IRS990/OtherExpenses/Description0Dividends on Shares
IRS990/OtherExpenses/Description1Loan ServiceLoss Provision
IRS990/OtherExpenses/Description2Member Account CardCosts
IRS990/OtherExpenses/Description3NCUA Stabilization
IRS990/OtherExpenses/Total06670
IRS990/OtherExpenses/Total119123
IRS990/OtherExpenses/Total219650
IRS990/OtherExpenses/Total37809
IRS990/OtherLiabilities/BOY02861772
IRS990/OtherLiabilities/EOY02873019
IRS990/OtherNotesLoansReceivableNet/BOY02677900
IRS990/OtherNotesLoansReceivableNet/EOY02123367
IRS990/OtherRevenueCurrentYear00
IRS990/OtherSalariesAndWages/Total046301
IRS990/PartialLiquidation0false
IRS990/PayrollTaxes/Total06529
IRS990/PoliticalActivities0false
IRS990/PrepaidExpensesDeferredCharges/BOY021028
IRS990/PrepaidExpensesDeferredCharges/EOY015684
IRS990/ProfessionalFundraising0false
IRS990/ProgramServiceRevenue/BusinessCode0522100
IRS990/ProgramServiceRevenue/BusinessCode1522100
IRS990/ProgramServiceRevenue/BusinessCode2524298
IRS990/ProgramServiceRevenue/BusinessCode3522100
IRS990/ProgramServiceRevenueCY0204221
IRS990/ProgramServiceRevenue/Description0Interest on Loans
IRS990/ProgramServiceRevenue/Description1Member AccountCard Fee
IRS990/ProgramServiceRevenue/Description2Insurance Sales
IRS990/ProgramServiceRevenue/Description3Other Member Fee Income
IRS990/ProgramServiceRevenuePriorYear0206623
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome0176374
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome125847
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome21472
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome3503
IRS990/ProgramServiceRevenue/TotalRevenueColumn0176374
IRS990/ProgramServiceRevenue/TotalRevenueColumn125847
IRS990/ProgramServiceRevenue/TotalRevenueColumn21472
IRS990/ProgramServiceRevenue/TotalRevenueColumn3503
IRS990/ProhibitedTaxShelterTrans0false
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses0-103703
IRS990/RegularMonitoringEnforcement0true
IRS990/RelatedEntity0false
IRS990/RelatedOrgControlledEntity0false
IRS990/ReportFin48Footnote0false
IRS990/ReportInvestOthSecurities0false
IRS990/ReportLandBldgEquip0true
IRS990/ReportOtherAssets0false
IRS990/ReportOtherLiabilities0true
IRS990/ReportProgRelInvest0false
IRS990/RetainedEarningsEndowmentEtc/BOY0922736
IRS990/RetainedEarningsEndowmentEtc/EOY0819033
IRS990/RevenuesLessExpensesCY0-103703
IRS990/RevenuesLessExpensesPriorYear01632
IRS990/SalariesEtcCurrentYear097812
IRS990/SalariesEtcPriorYear084045
IRS990/SavingsAndTempCashInvestments/BOY01127032
IRS990/SavingsAndTempCashInvestments/EOY01319157
IRS990/ScheduleBRequired0false
IRS990ScheduleD/Equipment/BookValue017009
IRS990ScheduleD/Equipment/Depreciation018616
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis035625
IRS990ScheduleD/InvestmentsProgramRelated/BookValue028618
IRS990ScheduleD/InvestmentsProgramRelated/Description0NCUA Capitalization
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation0C
IRS990ScheduleD/OtherLandBuildings/BookValue016771
IRS990ScheduleD/OtherLandBuildings/Depreciation084991
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0101762
IRS990ScheduleD/OtherLiabilities/Amount02873011
IRS990ScheduleD/OtherLiabilities/Amount18
IRS990ScheduleD/OtherLiabilities/Description0Member Shares & Deposits
IRS990ScheduleD/OtherLiabilities/Description1Accrued Dividends
IRS990ScheduleD/TotalOfAmounts02873019
IRS990ScheduleD/TotalOfBookValueLandBuildings033780
IRS990ScheduleD/TotalOfBookValueProgramRelated028618
IRS990/ScheduleJRequired0false
IRS990ScheduleO/GeneralExplanation/Explanation0In 2011 it was discovered that a now former officer had an outstanding loan that was obtained via fraudulent means The amount involved is between 200000 - 210000 Upon discovery by employees it was reported to the Board of Directors An investigation was conducted and a forensic auditor was engaged by the Board to determine the extent of the matter The officer was terminated based on the findings The matter is currently in the judicial system and has been bound over for trial The resolution of the three counts of felony fraud against the former officer are pending as of the filing of this report The duties and responsibilites of the positon have been segregated New policy procedures and internal controls have been implemented to prevent and detect future incidents
IRS990ScheduleO/GeneralExplanation/Explanation1The organization is consists of members To be a member one must have a sharesavings account Each member has one vote to elect the governing body Board of Directors
IRS990ScheduleO/GeneralExplanation/Explanation2The Board of Directors is elected by the membership utilizing their one vote per member
IRS990ScheduleO/GeneralExplanation/Explanation3Each 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 ie NCUA Wisconsin Office of Credit Unions
IRS990ScheduleO/GeneralExplanation/Explanation4Copies given to all Board members and the return is reviewed at a Board meeting
IRS990ScheduleO/GeneralExplanation/Explanation5Board members are required to report any conflicts
IRS990ScheduleO/GeneralExplanation/Explanation6Documents are available upon request
IRS990ScheduleO/GeneralExplanation/Identifier001. Asset material diversion (Part VI, line 5)
IRS990ScheduleO/GeneralExplanation/Identifier102. Members or stockholder classes and rights (Part VI, line 6)
IRS990ScheduleO/GeneralExplanation/Identifier203. Member election for additional members (Part VI, line 7a)
IRS990ScheduleO/GeneralExplanation/Identifier304. Governing body decisions (Part VI, line 7b)
IRS990ScheduleO/GeneralExplanation/Identifier405. Form 990 governing body review (Part VI, line 11)
IRS990ScheduleO/GeneralExplanation/Identifier506. Conflict of interest policy compliance (Part VI, line 12c)
IRS990ScheduleO/GeneralExplanation/Identifier607. Governing documents, etc, available to public (Part VI, line 19)
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0WI
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine102902 S Business Drive
IRS990/TheBooksAreInCareOf/AddressUS/City0Sheboygan
IRS990/TheBooksAreInCareOf/AddressUS/State0WI
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode053081
IRS990/TheBooksAreInCareOf/NamePerson0Nancy Schulze
IRS990/TheBooksAreInCareOf/TelephoneNumber09204578898
IRS990/TotalAssets/BOY03978411
IRS990/TotalAssetsBOY03978411
IRS990/TotalAssets/EOY03697325
IRS990/TotalAssetsEOY03697325
IRS990/TotalCompGT150K0false
IRS990/TotalExpensesCurrentYear0320035
IRS990/TotalExpensesPriorYear0224525
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices00
IRS990/TotalFunctionalExpenses/Total0320035
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY03055675
IRS990/TotalLiabilitiesBOY03055675
IRS990/TotalLiabilities/EOY02878292
IRS990/TotalLiabilitiesEOY02878292
IRS990/TotalLiabNetAssetsFundBalances/BOY03978411
IRS990/TotalLiabNetAssetsFundBalances/EOY03697325
IRS990/TotalNbrEmployees08
IRS990/TotalNetAssetsFundBalances/BOY0922736
IRS990/TotalNetAssetsFundBalances/EOY0819033
IRS990/TotalOtherCompensation00
IRS990/TotalOthProgramServiceRevenue/RelatedOrExemptFunctionIncome025
IRS990/TotalOthProgramServiceRevenue/TotalRevenueColumn025
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceRevenue0204221
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg048756
IRS990/TotalRevenueCurrentYear0216332
IRS990/TotalRevenue/ExclusionAmount012111
IRS990/TotalRevenuePriorYear0226157
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0204221
IRS990/TotalRevenue/TotalRevenueColumn0216332
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity0false
IRS990/Travel/Total0836
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UponRequest0X
IRS990/WebSite0www.midwestcu.net
IRS990/WhistleblowerPolicy0true
IRS990/YearFormation01965
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0391104326
ReturnHeader/Filer/Name/BusinessNameLine10Midwest Credit Union
ReturnHeader/Filer/NameControl0MIDW
ReturnHeader/Filer/USAddress/AddressLine102902 S Business Drive
ReturnHeader/Filer/USAddress/City0Sheboygan
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode053081
ReturnHeader/Officer/AuthorizeThirdParty0false
ReturnHeader/Officer/DateSigned02012-05-14
ReturnHeader/Officer/Name0Nancy Schulze
ReturnHeader/Officer/Phone09204578898
ReturnHeader/Officer/Title0President
ReturnHeader/Preparer/DatePrepared02012-05-14
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10WCUL Services Corp
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10N25W23131 Paul Rd Suite 500
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0Pewaukee
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0WI
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode053072
ReturnHeader/Preparer/Name0Cari Thompson
ReturnHeader/Preparer/Phone02625490200
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02011-01-01
ReturnHeader/TaxPeriodEndDate02011-12-31
ReturnHeader/TaxYear02011
ReturnHeader/Timestamp02012-05-14T17:24:08-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings