Civic Intelligence

Indianhead Credit Union

990 • Fiscal year 2019 • EIN 39-6049800

Jan 01, 2019 to Dec 31, 2019 • Filed on May 15, 2020

Organization Profilewww.indianheadcu.org

View Organization Page

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104 E Maple StSpooner, WI 54801-0100

(715) 635-8273

Siviq Scores

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

Liabilities / Assets

60th percentile

0.89x

Higher debt load relative to assets than 60% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

20.09x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Net Margin

84th percentile

22%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$114,576

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2019

Asset Growth

83rd percentile

7.4%

Faster asset growth than 83% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

12%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$62,744,601

Up $4,336,317 (+7.4%) from 2018

Net Assets

Up

$6,911,745

Up $602,854 (+9.6%) from 2018

Liabilities

Up

$55,832,856

Up $3,733,463 (+7.2%) from 2018

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin84th percentile

Revenue

Up

$2,778,794

Up $288,874 (+12%) from 2018

Expenses

Up

$2,177,500

Up $185,410 (+9.3%) from 2018

Net Income

Up

$601,294

Up $103,464 (+21%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$100M$50M$0Assets 2010: $42,417,138Liabilities 2010: $38,547,358Net Assets 2010: $3,869,7802010Assets 2011: $44,233,115Liabilities 2011: $40,266,308Net Assets 2011: $3,966,8072011Assets 2012: $46,680,169Liabilities 2012: $42,617,157Net Assets 2012: $4,063,0122012Assets 2013: $45,682,138Liabilities 2013: $41,521,099Net Assets 2013: $4,161,0392013Assets 2014: $44,517,692Liabilities 2014: $40,169,242Net Assets 2014: $4,348,4502014Assets 2015: $45,186,058Liabilities 2015: $40,664,496Net Assets 2015: $4,521,5622015Assets 2016: $46,839,723Liabilities 2016: $42,137,368Net Assets 2016: $4,702,3552016Assets 2017: $57,660,618Liabilities 2017: $51,847,487Net Assets 2017: $5,813,1312017Assets 2018: $58,408,284Liabilities 2018: $52,099,393Net Assets 2018: $6,308,8912018Assets 2019: $62,744,601Liabilities 2019: $55,832,856Net Assets 2019: $6,911,7452019Assets 2020: $79,789,412Liabilities 2020: $72,554,647Net Assets 2020: $7,234,7652020Assets 2021: $88,164,470Liabilities 2021: $80,753,720Net Assets 2021: $7,410,7502021Assets 2022: $93,128,956Liabilities 2022: $85,507,561Net Assets 2022: $7,621,3952022Assets 2023: $90,226,501Liabilities 2023: $80,349,400Net Assets 2023: $9,877,1012023Assets 2024: $90,905,912Liabilities 2024: $78,963,391Net Assets 2024: $11,942,5212024

Highlighted filing

2019

Assets$62,744,601
Liabilities$55,832,856
Net Assets$6,911,745
Open 2019 Filing

Operations Trend

Revenue Growth80th percentile

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

$6.0M$4.0M$2.0M$0Expenses 2010: $1,934,8682010Expenses 2011: $1,900,7632011Expenses 2012: $1,829,7172012Revenue 2013: $1,761,978Expenses 2013: $1,663,951Net Income 2013: $98,0272013Revenue 2014: $1,719,382Expenses 2014: $1,531,971Net Income 2014: $187,4112014Revenue 2015: $1,761,005Expenses 2015: $1,587,893Net Income 2015: $173,1122015Revenue 2016: $1,793,639Expenses 2016: $1,612,846Net Income 2016: $180,7932016Revenue 2017: $2,216,807Expenses 2017: $1,956,001Net Income 2017: $260,8062017Revenue 2018: $2,489,920Expenses 2018: $1,992,090Net Income 2018: $497,8302018Revenue 2019: $2,778,794Expenses 2019: $2,177,500Net Income 2019: $601,2942019Revenue 2020: $2,623,372Expenses 2020: $2,300,352Net Income 2020: $323,0202020Revenue 2021: $2,522,491Expenses 2021: $2,230,178Net Income 2021: $292,3132021Revenue 2022: $3,212,744Expenses 2022: $2,230,893Net Income 2022: $981,8512022Revenue 2023: $4,748,887Expenses 2023: $2,705,138Net Income 2023: $2,043,7492023Revenue 2024: $5,340,599Expenses 2024: $3,452,933Net Income 2024: $1,887,6662024

Highlighted filing

2019

Revenue$2,778,794
Expenses$2,177,500
Net Income$601,294
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 15, 2020
Return Version
2019v5.0
Gross Receipts
$2,778,794
Mission and Program Overview

Mission

To make available the best possible financial products to our members, by providing competitive rates, member education, and outstanding service, while maintaining the credit union's long-term financial stability.

Indianhead Credit Union offers many services including savings and loans designed to improve the economic and social well being of all members from all social economic backgrounds, including low and moderate income members. Our loans include real estate loans and small balance consumer loans, our savings include small balance passbook accounts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$30,158,836$30,562,175▲ $403,339
Savings and Temporary Cash Investments$25,548,891$29,397,349▲ $3,848,458
Rtn Earn Endowment Incm Other Fnds$6,308,891$6,911,745▲ $602,854
Land, Buildings, and Equipment, Net$1,589,720$1,545,164▼ $44,556
Cash and Non-Interest-Bearing Accounts$859,975$934,030▲ $74,055
Prepaid Expenses and Deferred Charges$94,721$80,596▼ $14,125
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$58,408,284$62,744,601▲ $4,336,317
Other Assets Total$156,141$225,287▲ $69,146
Liabilities
Other Liabilities$51,271,233$54,998,168▲ $3,726,935
Accounts Payable and Accrued Expenses$531,064$513,359▼ $17,705
Escrow Account Liability$297,096$321,329▲ $24,233
Total Liabilities$52,099,393$55,832,856▲ $3,733,463
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,308,891$6,911,745▲ $602,854
Total Liabilities and Net Assets / Fund Balance$58,408,284$62,744,601▲ $4,336,317

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$948,150$464,649$0
Other Land Buildings$14,238$4,333$0
Land$301,347-$0
Equipment$281,429$683,765$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katherine BerndtCEO/PresidentFT$109,619$4,957$114,576
Renee ZimmermanVice-President OperationsFT$48,804$7,751$56,555

Board Members and Trustees

NameTitle
Gary SlonikerBoard Chair
Michael OstrengaVice-chair
Daniel MakoskyDirector
Lance BurgerDirector
Larry AveryDirector
Richard MooneyDirector
Richard HartmannSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,825,548
Investment Income
$578,311
Other Revenue
$374,935
Change in Net Assets
$601,294

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,778,794
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,778,794
Total Revenue per Form 990
$2,778,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,217,650
Salaries, Compensation, and Employee Benefits$959,850
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$599,165$0$599,165
Office Expenses-$453,257$0$453,257
Other Expenses$0$255,270$0$255,270
Current Officers, Directors, Trustees, and Key Employees-$171,131$0$171,131
Occupancy-$141,450$0$141,450
Other Employee Benefits-$108,506$0$108,506
All Other Expenses-$65,152$0$65,152
Payroll Taxes-$58,027$0$58,027
Advertising-$39,997$0$39,997
Pension Plan Contributions-$23,021$0$23,021
Travel-$16,183$0$16,183
Fees for Services Legal-$8,577$0$8,577
Fees for Services Accounting-$6,760$0$6,760
Total Functional Expenses$0$2,177,500$0$2,177,500

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,177,500
Total Expenses per Audited Statements$2,177,500
Total Expenses per Form 990$2,177,500
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Savings$32,545,762
Share Drafts$11,977,026
Share Certificates$5,589,811
Ira Accounts$4,126,543
Monry Market Accounts$658,048
Health Savings Accounts$100,978
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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, Part VI, Section A, Line 6

“We have members.”

Form 990, Part VI, Section A, Line 7A

“Any member age 18 or older who has been a member for 6 months may vote at the Annual Meeting for directors. Any member age 18 or older may run for the Board of Directors.”

Form 990, Part VI, Section A, Line 7B

“The membership would need to approve a name change or merger”

Form 990, Part VI, Section B, Line 11B

“It is sent to the Board of Directors via secure email for review.”

Form 990, Part VI, Section B, Line 12C

“This is a small organization located in a small town, any officer or directors interest in a business that does business with the Credit Union would be known.”

Form 990, Part VI, Section C, Line 19

“They would need to request them at the main office in Spooner.”

Filing and Contact Details

Filer

Filer Name
Indianhead Credit Union
EIN
39-6049800
Phone
7156358273
Address
104 E Maple St, Spooner, WI 54801-0100

Signing Officer

Name
Katherine Berndt
Title
President
Phone
7156358273
Signed
2020-05-15

Organization Details

Principal Officer
Katherine Berndt
Formed
1961
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
29
Volunteers
8
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 25

“We do not have to complete column b”

Form 990, Part XI, Line 9

“This was unrealized fain on available for sale certificates of deposit was included in the reserves 2018”

Financial Statement Notes

Schedule D, Part IV, Line 1B

“We have escrow accounts for our MPFXTRA and MPF Traditional mortgage loans that we service.”

Schedule D, Part IV, Line 2B

“Line 21 has the Credit Unions escrow accounts for mortgages we own, this report shows the escrow accounts for the mortgages we service.”

Raw XML AppendixShowing 400 of 573 raw XML fields

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IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0578311
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0578311
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02460
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01152747
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01589720
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01545164
IRS990/LandBldgEquipCostOrOtherBssAmt02697911
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt045610
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt045610
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0To make available the best possible financial products to our members, by providing competitive rates, member education, and outstanding service, while maintaining the credit union's long-term financial stability.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06308891
IRS990/NetAssetsOrFundBalancesEOYAmt06911745
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0141450
IRS990/OccupancyGrp/TotalAmt0141450
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0453257
IRS990/OfficeExpensesGrp/TotalAmt0453257
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0156141
IRS990/OtherAssetsTotalGrp/EOYAmt0225287
IRS990/OtherChangesInNetAssetsAmt01560
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0108506
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0108506
IRS990/OtherExpensesGrp/Desc0OPERATING FEE
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING AND ALLOWANCE FOR LOAN
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL AND OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc3DIVIDENDS PAID ON SAVINGS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017189
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt173715
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2140100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3255270
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt017189
IRS990/OtherExpensesGrp/TotalAmt173715
IRS990/OtherExpensesGrp/TotalAmt2140100
IRS990/OtherExpensesGrp/TotalAmt3255270
IRS990/OtherLiabilitiesGrp/BOYAmt051271233
IRS990/OtherLiabilitiesGrp/EOYAmt054998168
IRS990/OtherRevenueMiscGrp/BusinessCd0522130
IRS990/OtherRevenueMiscGrp/BusinessCd1522130
IRS990/OtherRevenueMiscGrp/Desc0NSF FEE INCOME AND DEBIT CARD
IRS990/OtherRevenueMiscGrp/Desc1SALE OF CRDT LIFE DISABILITY
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0321982
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt17343
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0321982
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17343
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueTotalAmt0374935
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0599165
IRS990/OtherSalariesAndWagesGrp/TotalAmt0599165
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt030158836
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt030562175
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt058027
IRS990/PayrollTaxesGrp/TotalAmt058027
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt023021
IRS990/PensionPlanContributionsGrp/TotalAmt023021
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt094721
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt080596
IRS990/PrincipalOfficerNm0KATHERINE BERNDT
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1ORIGINATION FEE SERVICE LOANS
IRS990/ProgramServiceRevenueGrp/Desc2LATE FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01621586
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1197127
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26835
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01621586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1197127
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26835
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0We have 2 high school credit union branches to help teach financial education. We provide budget simulations for high school students in seven high schools. The program is called Mad City. We offer scholarships for teachers to attend a 2 week financial education seminar when requested. There is no revenue generated for these activities. The expenses are part of public relations and not broken out. Estimated expenses for 2019 are $5,000.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0The Credit Union provides staff, space and equipment for a VITA/AARP site at our Spooner office; we did at least 600 tax returns for low and moderate income individuals in our community at no charge to the tax payer. This service does not generate income; the expenses are an estimate since staff is doing this during regular business hours. I estimate the cost to be $12,000.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0We provide paid staff time for an employee to run the annual Lions Christmas fund in our community. This program provides gifts and food to needy families at Christmas time. Expenses are not broken out, estimated cost $1,000
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt00
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0434812
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01075644
IRS990/PYOtherRevenueAmt0380169
IRS990/PYProgramServiceRevenueAmt01674939
IRS990/PYRevenuesLessExpensesAmt0497830
IRS990/PYSalariesCompEmpBnftPaidAmt0916446
IRS990/PYTotalExpensesAmt01992090
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02489920
IRS990/ReconcilationRevenueExpnssAmt0601294
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/TotalAmt00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$62,744,601
Liabilities
$55,832,856
Net assets
$6,911,745
Revenue
$2,778,794
Expenses
$2,177,500
Net income
$601,294
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.9$79.0$11.9$5.34$3.45$1.89
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.2$80.3$9.88$4.75$2.71$2.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.1$85.5$7.62$3.21$2.23$0.98
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.2$80.8$7.41$2.52$2.23$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.8$72.6$7.23$2.62$2.30$0.32
2019Detailed filing. Detailed filing data is available for this year.$62.7$55.8$6.91$2.78$2.18$0.60
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.4$52.1$6.31$2.49$1.99$0.50
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.7$51.8$5.81$2.22$1.96$0.26
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.8$42.1$4.70$1.79$1.61$0.18
2015Detailed filing. Detailed filing data is available for this year.$45.2$40.7$4.52$1.76$1.59$0.17
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$44.5$40.2$4.35$1.72$1.53$0.19
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.7$41.5$4.16$1.76$1.66$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.7$42.6$4.06$1.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.2$40.3$3.97$1.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.4$38.5$3.87$1.93