Civic Intelligence

First Choice Credit Union

990 • Fiscal year 2014 • EIN 39-1135610

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 03, 2015

Organization Profilewww.firstchoicecreditunion.com

View Organization Page

1614 E 4th StreetMarshfield, WI 54449

(715) 387-8405

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.84x

Higher debt load relative to assets than 22% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

63rd percentile

21.91x

Higher debt load relative to revenue than 63% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

75th percentile

13%

Higher net margin than 75% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

61st percentile

$104,812

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

43rd percentile

0.7%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

44th percentile

-1.4%

Faster revenue growth than 44% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$29,154,831

Up $210,065 (+0.7%) from 2013

Net Assets

Up

$4,643,907

Up $150,886 (+3.4%) from 2013

Liabilities

Up

$24,510,924

Up $59,179 (+0.2%) from 2013

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin75th percentile

Revenue

Down

$1,118,519

Down $15,767 (-1.4%) from 2013

Expenses

Up

$967,633

Up $10,269 (+1.1%) from 2013

Net Income

Down

$150,886

Down $26,036 (-15%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$60M$40M$20M$0Assets 2010: $26,240,186Liabilities 2010: $22,298,680Net Assets 2010: $3,941,5062010Assets 2011: $27,237,702Liabilities 2011: $23,120,040Net Assets 2011: $4,117,6622011Assets 2012: $28,287,220Liabilities 2012: $23,971,121Net Assets 2012: $4,316,0992012Assets 2013: $28,944,766Liabilities 2013: $24,451,745Net Assets 2013: $4,493,0212013Assets 2014: $29,154,831Liabilities 2014: $24,510,924Net Assets 2014: $4,643,9072014Assets 2015: $31,196,411Liabilities 2015: $26,403,480Net Assets 2015: $4,792,9312015Assets 2016: $32,636,503Liabilities 2016: $27,700,715Net Assets 2016: $4,935,7882016Assets 2017: $33,881,186Liabilities 2017: $28,775,487Net Assets 2017: $5,105,6992017Assets 2018: $34,096,709Liabilities 2018: $28,747,596Net Assets 2018: $5,349,1132018Assets 2020: $41,794,281Liabilities 2020: $35,928,439Net Assets 2020: $5,865,8422020Assets 2021: $43,452,340Liabilities 2021: $37,538,976Net Assets 2021: $5,913,3642021Assets 2022: $44,491,609Liabilities 2022: $38,550,142Net Assets 2022: $5,941,4672022Assets 2024: $45,259,934Liabilities 2024: $38,426,775Net Assets 2024: $6,833,1592024

Highlighted filing

2014

Assets$29,154,831
Liabilities$24,510,924
Net Assets$4,643,907
Open 2014 Filing

Operations Trend

Revenue Growth44th percentile

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

$3.0M$2.0M$1.0M$0Expenses 2010: $1,165,5362010Expenses 2011: $1,119,7702011Revenue 2012: $1,207,344Expenses 2012: $1,008,907Net Income 2012: $198,4372012Revenue 2013: $1,134,286Expenses 2013: $957,364Net Income 2013: $176,9222013Revenue 2014: $1,118,519Expenses 2014: $967,633Net Income 2014: $150,8862014Revenue 2015: $1,159,142Expenses 2015: $1,010,118Net Income 2015: $149,0242015Revenue 2016: $1,178,687Expenses 2016: $1,035,830Net Income 2016: $142,8572016Revenue 2017: $1,272,229Expenses 2017: $1,102,318Net Income 2017: $169,9112017Revenue 2018: $1,371,464Expenses 2018: $1,128,050Net Income 2018: $243,4142018Revenue 2020: $1,349,745Expenses 2020: $1,176,078Net Income 2020: $173,6672020Revenue 2021: $1,075,198Expenses 2021: $1,027,681Net Income 2021: $47,5172021Revenue 2022: $1,200,171Expenses 2022: $1,172,065Net Income 2022: $28,1062022Revenue 2024: $2,416,988Expenses 2024: $1,856,717Net Income 2024: $560,2712024

Highlighted filing

2014

Revenue$1,118,519
Expenses$967,633
Net Income$150,886
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 3, 2015
Return Version
2014v5.0
Gross Receipts
$1,118,519
Mission and Program Overview

Mission

Fist Choice CU is a not-for-profit, member owned financial organization dedicated to providing its members a varity of financial products and services in a personal and professional manner at competitive rates and maintain the credit union's long term financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$13,143,672$14,505,170▲ $1,361,498
Savings and Temporary Cash Investments$14,155,783$13,011,041▼ $1,144,742
Rtn Earn Endowment Incm Other Fnds$4,493,021$4,643,907▲ $150,886
Cash and Non-Interest-Bearing Accounts$606,617$615,469▲ $8,852
Investments Program Related$457,953$467,259▲ $9,306
Land, Buildings, and Equipment, Net$469,174$458,047▼ $11,127
Prepaid Expenses and Deferred Charges$62,898$50,658▼ $12,240
Total Assets$28,944,766$29,154,831▲ $210,065
Other Assets Total$48,669$47,187▼ $1,482
Liabilities
Other Liabilities$24,378,524$24,436,097▲ $57,573
Accounts Payable and Accrued Expenses$42,623$45,959▲ $3,336
Deferred Revenue$30,598$28,868▼ $1,730
Total Liabilities$24,451,745$24,510,924▲ $59,179
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,493,021$4,643,907▲ $150,886
Total Liabilities and Net Assets / Fund Balance$28,944,766$29,154,831▲ $210,065

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$255,286$243,482$498,768
Land$183,749-$183,749
Equipment$17,761$109,452$127,213
Other Land Buildings$1,251$123,974$125,225
Investment Program Related Org$10,000--
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas PoolePresidentFT$71,622$33,190$104,812
Jeff DenneeVice PresidentFT$54,006$9,437$63,443
Tammy LeichtmanVice PresidentFT$38,742$19,757$58,499
Joan FrankwickVice PresidentFT$44,730$11,777$56,507

Board Members and Trustees

NameTitle
Sigfried SebastianChairman
Dennis KmiecVice Chair
Gary GrieserDirector
Rick Dischinger JRDirector
Steven CoyDirector
Kim FrederickSecretary
Jean LampiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$965,944
Investment Income
$132,180
Other Revenue
$20,395
Change in Net Assets
$150,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$538,673
Other Expenses$428,960
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---$209,101
Other Salaries and Wages---$168,059
Other Employee Benefits---$113,091
Office Expenses---$70,592
Occupancy---$40,204
Payroll Taxes---$28,315
All Other Expenses---$24,134
Depreciation Depletion---$21,290
Other Expenses-$21,143-$21,143
Pension Plan Contributions---$20,107
Payments to Affiliates---$16,918
Insurance---$13,935
Conferences and Meetings---$13,625
Advertising---$12,766
Fees for Services Accounting---$11,200
Fees for Services Other---$8,242
Information Technology---$3,284
Total Functional Expenses$0$0$0$967,633
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$24,427,151
Accrued Dividends$7,716
Deferred Compensation$1,230
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
Yes
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

“President will review the 990 before it is filed”

Conflict of interest policy compliance Part VI line 12C

“The credit union is small enough to know if there is a change.”

CEO executive director top management comp Part VI line 15A

“Salary committee reviews employee reviews, and Wisconsin average salaries book and make recommendations to the entire Board for their approval.”

Other officer or key employee compensation Part VI line 15B

“Review Yearly CUNA Information”

Governing documents etc available to public Part VI line 19

“President has file for public to review.”

Filing and Contact Details

Filer

Filer Name
First Choice Credit Union
EIN
39-1135610
Address
1614 E 4th Street, Marshfield, WI 54449

Signing Officer

Name
Thomas Poole
Title
President
Phone
7153878405
Signed
2015-08-03
Discuss with paid preparer
No

Organization Details

Principal Officer
Thomas Poole
Formed
1967
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
11

Preparer

Firm
WCUL Services Corp
Address
N25W23131 Paul Rd Suite 500, Pewaukee, WI 53072
Preparer
Cari Thompson
Phone
2625490200
Raw XML Appendix396 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/BOYAmt042623
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt045959
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Fist Choice CU is a not-for-profit, member owned financial organization dedicated to providing its members a varity of financial products and services in a personal and professional manner at competitive rates and maintain the credit union's long term financial stability.
IRS990/AdvertisingGrp/TotalAmt012766
IRS990/AllOtherExpensesGrp/TotalAmt024134
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Thomas Poole
IRS990/BooksInCareOfDetail/PhoneNum07153878405
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01614 E 4th Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Marshfield
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd054449
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0606617
IRS990/CashNonInterestBearingGrp/EOYAmt0615469
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0209101
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt013625
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0132180
IRS990/CYOtherExpensesAmt0428960
IRS990/CYOtherRevenueAmt020395
IRS990/CYProgramServiceRevenueAmt0965944
IRS990/CYRevenuesLessExpensesAmt0150886
IRS990/CYSalariesCompEmpBnftPaidAmt0538673
IRS990/CYTotalExpensesAmt0967633
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01118519
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt030598
IRS990/DeferredRevenueGrp/EOYAmt028868
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt021290
IRS990/Desc0We funded 683 loans during 2013. As of 12/31/13, we had 191 mortgages/home equity lines,1070 consumer loans and 4 member business loans. We also had 285 credit card accounts with our members.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt011200
IRS990/FeesForServicesOtherGrp/TotalAmt08242
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/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt36.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt733190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt89437
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt911777
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1019757
IRS990/Form990PartVIISectionAGrp/PersonNm0Rick Dischinger JR
IRS990/Form990PartVIISectionAGrp/PersonNm1Kim Frederick
IRS990/Form990PartVIISectionAGrp/PersonNm2Dennis Kmiec
IRS990/Form990PartVIISectionAGrp/PersonNm3Gary Grieser
IRS990/Form990PartVIISectionAGrp/PersonNm4Jean Lampi
IRS990/Form990PartVIISectionAGrp/PersonNm5Steven Coy
IRS990/Form990PartVIISectionAGrp/PersonNm6Sigfried Sebastian
IRS990/Form990PartVIISectionAGrp/PersonNm7Thomas Poole
IRS990/Form990PartVIISectionAGrp/PersonNm8Jeff Dennee
IRS990/Form990PartVIISectionAGrp/PersonNm9Joan Frankwick
IRS990/Form990PartVIISectionAGrp/PersonNm10Tammy Leichtman
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt771622
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt854006
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt944730
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1038742
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice President
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01118519
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt03284
IRS990/InsuranceGrp/TotalAmt013935
IRS990/InvestmentIncomeGrp/ExclusionAmt0132180
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0132180
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0457953
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0467259
IRS990/IRPDocumentCnt0647
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0476908
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0469174
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0458047
IRS990/LandBldgEquipCostOrOtherBssAmt0934955
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Fist Choice CU is a not-for-profit, member owned financial organization dedicated to providing its members a varity of financial products and services in a personal and professional manner at competitive rates and maintain the credit union's long term financial stability.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04493021
IRS990/NetAssetsOrFundBalancesEOYAmt04643907
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt040204
IRS990/OfficeExpensesGrp/TotalAmt070592
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt048669
IRS990/OtherAssetsTotalGrp/EOYAmt047187
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0113091
IRS990/OtherExpensesGrp/Desc0Dividends on Shares
IRS990/OtherExpensesGrp/Desc1Loan Servicing Expense
IRS990/OtherExpensesGrp/Desc2Member AccountCard Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt080755
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt190872
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt221143
IRS990/OtherExpensesGrp/TotalAmt080755
IRS990/OtherExpensesGrp/TotalAmt190872
IRS990/OtherExpensesGrp/TotalAmt221143
IRS990/OtherLiabilitiesGrp/BOYAmt024378524
IRS990/OtherLiabilitiesGrp/EOYAmt024436097
IRS990/OtherSalariesAndWagesGrp/TotalAmt0168059
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt013143672
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt014505170
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt016918
IRS990/PayrollTaxesGrp/TotalAmt028315
IRS990/PensionPlanContributionsGrp/TotalAmt020107
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt062898
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050658
IRS990/PrincipalOfficerNm0Thomas Poole
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4525990
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Member AccountCard Inc
IRS990/ProgramServiceRevenueGrp/Desc2Insurance Sales
IRS990/ProgramServiceRevenueGrp/Desc3Other Member Fee Income
IRS990/ProgramServiceRevenueGrp/Desc4Mortgages Sold
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0826946
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1135276
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2991
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0826946
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1135276
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3991
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02731
IRS990/ProgSrvcAccomActy2Grp/Desc0We have deposit, transaction, and investment accounts with 6455 members at 12/31. During 2013, we opened 319 new deposit, transaction and investment accounts.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0133208
IRS990/PYOtherExpensesAmt0462464
IRS990/PYOtherRevenueAmt0850
IRS990/PYProgramServiceRevenueAmt01000228
IRS990/PYRevenuesLessExpensesAmt0176922
IRS990/PYSalariesCompEmpBnftPaidAmt0494900
IRS990/PYTotalExpensesAmt0957364
IRS990/PYTotalRevenueAmt01134286
IRS990/ReconcilationRevenueExpnssAmt0150886
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt020395
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt020395
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04493021
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04643907
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014155783
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013011041
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0255286
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0243482
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0498768
IRS990ScheduleD/EquipmentGrp/BookValueAmt017761
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0109452
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0127213
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0240153
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1217106
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt210000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CCCU MCS & PIC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Shared Service Center
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt0183749
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0183749
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01251
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0123974
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0125225
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024427151
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17716
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Dividends
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Compensation
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0458047
IRS990ScheduleD/TotalBookValueProgramRltdAmt0467259
IRS990ScheduleD/TotalLiabilityAmt024436097
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/ExplanationTxt3President will review the 990 before it is filed
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The credit union is small enough to know if there is a change.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Salary committee reviews employee reviews, and Wisconsin average salaries book and make recommendations to the entire Board for their approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Review Yearly CUNA Information
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7President has file for public to review.
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/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt028944766
IRS990/TotalAssetsEOYAmt029154831
IRS990/TotalAssetsGrp/BOYAmt028944766
IRS990/TotalAssetsGrp/EOYAmt029154831
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0967633
IRS990/TotalGrossUBIAmt02731
IRS990/TotalLiabilitiesBOYAmt024451745
IRS990/TotalLiabilitiesEOYAmt024510924
IRS990/TotalLiabilitiesGrp/BOYAmt024451745
IRS990/TotalLiabilitiesGrp/EOYAmt024510924
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04493021
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04643907
IRS990/TotalOtherCompensationAmt074161
IRS990/TotalProgramServiceRevenueAmt0965944
IRS990/TotalReportableCompFromOrgAmt0209100
IRS990/TotalRevenueGrp/ExclusionAmt0152575
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0963213
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01118519
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02731
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028944766
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029154831
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.firstchoicecreditunion.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Thomas Poole
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07153878405
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0First Choice Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0391135610
ReturnHeader/Filer/USAddress/AddressLine1Txt01614 E 4th Street
ReturnHeader/Filer/USAddress/CityNm0Marshfield
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054449
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/ReturnTs02015-08-13T19:55:40-05:00
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
$29,154,831
Liabilities
$24,510,924
Net assets
$4,643,907
Revenue
$1,118,519
Expenses
$967,633
Net income
$150,886
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.3$38.4$6.83$2.42$1.86$0.56
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.5$38.6$5.94$1.20$1.17$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.5$37.5$5.91$1.08$1.03$0.05
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$41.8$35.9$5.87$1.35$1.18$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.1$28.7$5.35$1.37$1.13$0.24
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.9$28.8$5.11$1.27$1.10$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.6$27.7$4.94$1.18$1.04$0.14
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.2$26.4$4.79$1.16$1.01$0.15
2014Detailed filing. Detailed filing data is available for this year.$29.2$24.5$4.64$1.12$0.97$0.15
2013Detailed filing. Detailed filing data is available for this year.$28.9$24.5$4.49$1.13$0.96$0.18
2012Summary only. Only limited summary data is available for this year.$28.3$24.0$4.32$1.21$1.01$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.2$23.1$4.12$1.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$22.3$3.94$1.17