Civic Intelligence

Cone Credit Union

990 • Fiscal year 2020 • EIN 39-1137123

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 01, 2021

Organization ProfileWWW.CONECU.ORG

View Organization Page

219 W Cecil StreetNeenah, WI 54956

(920) 886-6455

Siviq Scores

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

Liabilities / Assets

58th percentile

0.89x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

26.73x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Net Margin

26th percentile

3.0%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$114,991

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Asset Growth

3rd percentile

3.4%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

1.1%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$29,072,322

Up $956,299 (+3.4%) from 2019

Net Assets

Up

$3,259,779

Up $28,927 (+0.9%) from 2019

Liabilities

Up

$25,812,543

Up $927,372 (+3.7%) from 2019

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin26th percentile

Revenue

Up

$965,563

Up $10,299 (+1.1%) from 2019

Expenses

Down

$936,636

Down $230,091 (-20%) from 2019

Net Income

Up

$28,927

Up $240,390 (+114%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$40M$30M$20M$10M$0Assets 2010: $25,748,866Liabilities 2010: $23,161,833Net Assets 2010: $2,587,0332010Assets 2011: $28,348,893Liabilities 2011: $25,618,014Net Assets 2011: $2,730,8792011Assets 2012: $29,734,807Liabilities 2012: $26,793,356Net Assets 2012: $2,941,4512012Assets 2013: $29,105,851Liabilities 2013: $26,018,659Net Assets 2013: $3,087,1922013Assets 2014: $29,227,602Liabilities 2014: $25,985,657Net Assets 2014: $3,241,9452014Assets 2015: $30,650,572Liabilities 2015: $27,352,877Net Assets 2015: $3,297,6952015Assets 2016: $30,343,602Liabilities 2016: $26,946,773Net Assets 2016: $3,396,8292016Assets 2018: $28,331,778Liabilities 2018: $24,889,463Net Assets 2018: $3,442,3152018Assets 2019: $28,116,023Liabilities 2019: $24,885,171Net Assets 2019: $3,230,8522019Assets 2020: $29,072,322Liabilities 2020: $25,812,543Net Assets 2020: $3,259,7792020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2020

Assets$29,072,322
Liabilities$25,812,543
Net Assets$3,259,779
Open 2020 Filing

Operations Trend

Revenue Growth84th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $906,1452010Expenses 2011: $829,9362011Expenses 2012: $739,5872012Revenue 2013: $886,775Expenses 2013: $741,034Net Income 2013: $145,7412013Revenue 2014: $862,458Expenses 2014: $707,705Net Income 2014: $154,7532014Revenue 2015: $865,607Expenses 2015: $809,857Net Income 2015: $55,7502015Revenue 2016: $919,378Expenses 2016: $820,244Net Income 2016: $99,1342016Revenue 2018: $1,028,579Expenses 2018: $987,123Net Income 2018: $41,4562018Revenue 2019: $955,264Expenses 2019: $1,166,727Net Income 2019: -$211,4632019Revenue 2020: $965,563Expenses 2020: $936,636Net Income 2020: $28,9272020Revenue 2021: $408,194Expenses 2021: $428,207Net Income 2021: -$20,0132021

Highlighted filing

2020

Revenue$965,563
Expenses$936,636
Net Income$28,927
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 1, 2021
Return Version
2020v4.0
Gross Receipts
$965,563
Mission and Program Overview

Mission

Constantly striving to better your financial future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$18,659,704$18,897,234▲ $237,530
Savings and Temporary Cash Investments$8,408,887$9,118,712▲ $709,825
Rtn Earn Endowment Incm Other Fnds$3,230,852$3,259,779▲ $28,927
Investments Program Related$500,007$498,637▼ $1,370
Cash and Non-Interest-Bearing Accounts$216,336$273,000▲ $56,664
Land, Buildings, and Equipment, Net$255,955$241,236▼ $14,719
Total Assets$28,116,023$29,072,322▲ $956,299
Other Assets Total$75,134$43,503▼ $31,631
Liabilities
Other Liabilities$24,856,221$25,783,273▲ $927,052
Accounts Payable and Accrued Expenses$28,950$29,270▲ $320
Total Liabilities$24,885,171$25,812,543▲ $927,372
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,230,852$3,259,779▲ $28,927
Total Liabilities and Net Assets / Fund Balance$28,116,023$29,072,322▲ $956,299

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$163,767$82,613$246,380
Equipment$20,349$95,653$116,002
Land$57,120-$57,120
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael MehlbergPresidentFT$114,991$114,991

Board Members and Trustees

NameTitle
Paul HauffeChairman
Vernon GreenVice-chairma
Steve WichmanDirector
Leanne RadtkeSecretary
John WeyenbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$823,153
Investment Income
$142,410
Other Revenue
$0
Change in Net Assets
$28,927
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$532,119
Salaries, Compensation, and Employee Benefits$404,517
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$224,769--$224,769
Current Officers, Directors, Trustees, and Key Employees$69,339$45,652-$114,991
Office Expenses$72,246$16,372-$88,618
Fees for Services Other$74,800$12,118-$86,918
Other Employee Benefits$29,775$5,028-$34,803
Payroll Taxes$25,627$4,327-$29,954
Information Technology$18,114$4,528-$22,642
Occupancy$17,376$4,344-$21,720
Insurance$16,252$4,064-$20,316
Depreciation Depletion$4,136$13,991-$18,127
Fees for Services Accounting-$18,014-$18,014
Fees for Services Legal$17,727--$17,727
Other Expenses$11,312$2,827-$14,139
Advertising$7,963--$7,963
Conferences and Meetings-$7,588-$7,588
All Other Expenses$5,440$169-$5,609
Travel$541--$541
Interest$275--$275
Total Functional Expenses$782,748$153,888$0$936,636
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$25,772,439
Accrued Dividends$10,834
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 35% controlled entity
No
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

Form 990, Page 6, 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 the governing body - the board of directors.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the membership utilizing their one vote per member.”

Form 990, Page 6, Part VI, Line 7B

“Each member has one vote to utilize in ratifying significant decisions beyond the authority of the board of directors as outlined in the organization's bylaws. Any decision to dissolve or merge the organization requires approval of membership unless mandated by regulatory agencies for example the ncua or wisconsin office of credit unions.”

Form 990, Page 6, Part VI, Line 11B

“Draft copy of 990 is provided to the chairman for review and approved before the return is signed, dated, and filed.”

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

“President reviews this as a part of the vendor management policy.”

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

“Executive compensation is determined by the board of directors utilizing third-party surveys for comparable data purposes. Executive compensation is reviewed by our internal auditor to verify it matches what the board has approved.”

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

“Overall compensation is approved by the board of directors. Allocation to staff is determined by the president and reviewed by the internal auditor.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, policies and financial statements are available upon request. Only financial statements for the annual meeting 5300 report is reported publicly.”

Filing and Contact Details

Filer

Filer Name
Cone Credit Union
EIN
39-1137123
Phone
9208866455
Address
219 W CECIL STREET, NEENAH, WI 54956

Signing Officer

Name
Paul Hauffe
Title
Chairman
Phone
9208866455
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Hauffe
Formed
1959
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
12

Preparer

Firm
Erickson & Associates Sc
Address
1000 WEST COLLEGE AVE, APPLETON, WI 54914
Preparer
Joe Felion
Phone
9207334957
Raw XML Appendix361 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/EquipmentGrp/DepreciationAmt095653
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
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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 THE GOVERNING BODY - THE 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 OF DIRECTORS AS OUTLINED IN THE ORGANIZATION'S BYLAWS. ANY DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP UNLESS MANDATED BY REGULATORY AGENCIES FOR EXAMPLE THE NCUA OR WISCONSIN OFFICE OF CREDIT UNIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DRAFT COPY OF 990 IS PROVIDED TO THE CHAIRMAN FOR REVIEW AND APPROVED BEFORE THE RETURN IS SIGNED, DATED, AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRESIDENT REVIEWS THIS AS A PART OF THE VENDOR MANAGEMENT POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXECUTIVE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS UTILIZING THIRD-PARTY SURVEYS FOR COMPARABLE DATA PURPOSES. EXECUTIVE COMPENSATION IS REVIEWED BY OUR INTERNAL AUDITOR TO VERIFY IT MATCHES WHAT THE BOARD HAS APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OVERALL COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. ALLOCATION TO STAFF IS DETERMINED BY THE PRESIDENT AND REVIEWED BY THE INTERNAL AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ONLY FINANCIAL STATEMENTS FOR THE ANNUAL MEETING 5300 REPORT IS REPORTED PUBLICLY.
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalProgramServiceRevenueAmt0823153
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ReturnHeader/BusinessOfficerGrp/PhoneNum09208866455
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ReturnHeader/PreparerPersonGrp/PhoneNum09207334957
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOE FELION
ReturnHeader/ReturnTs02021-11-04T11:37:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAUL
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,072,322
Liabilities
$25,812,543
Net assets
$3,259,779
Revenue
$965,563
Expenses
$936,636
Net income
$28,927
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.41$0.43$0.02
2020Detailed filing. Detailed filing data is available for this year.$29.1$25.8$3.26$0.97$0.94$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.1$24.9$3.23$0.96$1.17$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$24.9$3.44$1.03$0.99$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.3$26.9$3.40$0.92$0.82$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.7$27.4$3.30$0.87$0.81$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.2$26.0$3.24$0.86$0.71$0.15
2013Detailed filing. Detailed filing data is available for this year.$29.1$26.0$3.09$0.89$0.74$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$26.8$2.94$0.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.3$25.6$2.73$0.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.7$23.2$2.59$0.91