Civic Intelligence

M G & E Credit Union

990 • Fiscal year 2014 • EIN 39-6052411

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 06, 2015

Organization ProfileN/A
PO Box 8601Madison, WI 53708

(608) 255-1773

Siviq Scores

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

Liabilities / Assets

61st percentile

0.86x

Higher debt load relative to assets than 61% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

72nd percentile

21.87x

Higher debt load relative to revenue than 72% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Net Margin

52nd percentile

3.5%

Higher net margin than 52% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

86th percentile

$57,607

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 49.3% of source-year revenue.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Asset Growth

61st percentile

1.1%

Faster asset growth than 61% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

27th percentile

-6.8%

Faster revenue growth than 27% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$2,983,397

Up $32,629 (+1.1%) from 2013

Net Assets

Up

$429,981

Up $4,072 (+1.0%) from 2013

Liabilities

Up

$2,553,416

Up $28,557 (+1.1%) from 2013

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin52nd percentile

Revenue

Down

$116,742

Down $8,501 (-6.8%) from 2013

Expenses

Down

$112,670

Down $14,621 (-11%) from 2013

Net Income

Up

$4,072

Up $6,120 (+299%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,996,476Liabilities 2010: $2,557,320Net Assets 2010: $439,1562010Assets 2011: $3,015,665Liabilities 2011: $2,595,759Net Assets 2011: $419,9062011Assets 2012: $2,942,785Liabilities 2012: $2,520,440Net Assets 2012: $422,3452012Assets 2013: $2,950,768Liabilities 2013: $2,524,859Net Assets 2013: $425,9092013Assets 2014: $2,983,397Liabilities 2014: $2,553,416Net Assets 2014: $429,9812014Assets 2015: $3,159,670Liabilities 2015: $2,713,180Net Assets 2015: $446,4902015Assets 2016: $3,568,145Liabilities 2016: $3,106,365Net Assets 2016: $461,7802016Assets 2018: $3,196,560Liabilities 2018: $2,702,794Net Assets 2018: $493,7662018Assets 2019: $3,088,618Liabilities 2019: $2,582,387Net Assets 2019: $506,2312019Assets 2020: $3,197,041Liabilities 2020: $2,686,431Net Assets 2020: $510,6102020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2014

Assets$2,983,397
Liabilities$2,553,416
Net Assets$429,981
Open 2014 Filing

Operations Trend

Revenue Growth27th percentile

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

$400K$200K$0-$200KExpenses 2010: $182,3092010Expenses 2011: $173,3532011Revenue 2012: $134,264Expenses 2012: $130,541Net Income 2012: $3,7232012Revenue 2013: $125,243Expenses 2013: $127,291Net Income 2013: -$2,0482013Revenue 2014: $116,742Expenses 2014: $112,670Net Income 2014: $4,0722014Revenue 2015: $119,428Expenses 2015: $102,919Net Income 2015: $16,5092015Revenue 2016: $125,977Expenses 2016: $110,687Net Income 2016: $15,2902016Revenue 2018: $131,833Expenses 2018: $120,505Net Income 2018: $11,3282018Revenue 2019: $137,794Expenses 2019: $127,721Net Income 2019: $10,0732019Revenue 2020: $120,536Expenses 2020: $116,157Net Income 2020: $4,3792020Revenue 2021: $58,211Expenses 2021: $250,307Net Income 2021: -$192,0962021

Highlighted filing

2014

Revenue$116,742
Expenses$112,670
Net Income$4,072
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 6, 2015
Return Version
2014v5.0
Gross Receipts
$116,742
Mission and Program Overview

Mission

Our mission is to provide prompt, competitive, quality financial services to our members in a friendly and professional manner while maintaining sound growth and financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,241,308$2,205,958▼ $35,350
Savings and Temporary Cash Investments$405,008$470,567▲ $65,559
Rtn Earn Endowment Incm Other Fnds$425,909$429,981▲ $4,072
Cash and Non-Interest-Bearing Accounts$239,847$246,224▲ $6,377
Investments Program Related$53,328$53,364▲ $36
Prepaid Expenses and Deferred Charges$3,447$3,093▼ $354
Land, Buildings, and Equipment, Net$1,297$1,018▼ $279
Total Assets$2,950,768$2,983,397▲ $32,629
Other Assets Total$6,533$3,173▼ $3,360
Liabilities
Other Liabilities$2,515,584$2,547,891▲ $32,307
Accounts Payable and Accrued Expenses$9,275$5,525▼ $3,750
Total Liabilities$2,524,859$2,553,416▲ $28,557
Net Assets / Fund Balance
Total Net Assets Fund Balance$425,909$429,981▲ $4,072
Total Liabilities and Net Assets / Fund Balance$2,950,768$2,983,397▲ $32,629

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,018$37,411$38,429
Buildings-$20,288$20,288
Equipment-$14,216$14,216
Investment Program Related Org$23,211--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eileen HarrisonPresidentFT$48,936$8,671$57,607

Board Members and Trustees

NameTitle
Dniel FeeneyChairman
Roger KarasekVice Chairman
Helen TaylorDirector
Leon EndresDirector
Maxine HarrisDirector
Tim HughesSecretary
Judy BishopTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$114,603
Investment Income
$2,139
Other Revenue
$0
Change in Net Assets
$4,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$76,199
Other Expenses$36,471
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---$48,936
Other Salaries and Wages---$13,639
Information Technology---$10,596
Office Expenses---$8,295
Other Employee Benefits---$6,476
Payroll Taxes---$5,237
Insurance---$3,417
Payments to Affiliates---$3,060
Other Expenses-$2,470-$2,470
Fees for Services Other---$2,007
Pension Plan Contributions---$1,911
Fees for Services Accounting---$895
Travel---$601
All Other Expenses---$519
Advertising---$393
Depreciation Depletion---$279
Conferences and Meetings---$-23
Total Functional Expenses$0$0$0$112,670
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
SharesDeposits$2,547,722
Accrued Dividends$169
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“Management & the BOD reviews the prepared 990 before it is filed.”

Governing documents etc available to public Part VI line 19

“Made available upon request.”

Filing and Contact Details

Filer

Filer Name
M G & E Credit Union
EIN
39-6052411
Address
PO BOX 8601, Madison, WI 53708

Signing Officer

Name
Eileen Harrison
Title
President
Phone
6082551773
Signed
2015-08-06
Discuss with paid preparer
No

Organization Details

Principal Officer
Eileen Harrison
Formed
1933
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
2

Preparer

Firm
WCUL Services Corp
Address
N25W23131 Paul Rd Suite 500, Pewaukee, WI 53072
Preparer
Cari Thompson
Phone
2625490200
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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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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/ExplanationTxt3Management & the BOD reviews the prepared 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02950768
IRS990/TotalAssetsEOYAmt02983397
IRS990/TotalAssetsGrp/BOYAmt02950768
IRS990/TotalAssetsGrp/EOYAmt02983397
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0112670
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02524859
IRS990/TotalLiabilitiesEOYAmt02553416
IRS990/TotalLiabilitiesGrp/BOYAmt02524859
IRS990/TotalLiabilitiesGrp/EOYAmt02553416
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0425909
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0429981
IRS990/TotalOtherCompensationAmt08671
IRS990/TotalProgramServiceRevenueAmt0114603
IRS990/TotalReportableCompFromOrgAmt048936
IRS990/TotalRevenueGrp/ExclusionAmt02139
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0114603
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0116742
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02950768
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02983397
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0601
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Eileen Harrison
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06082551773
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0M G & E Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0MG&E
ReturnHeader/Filer/EIN0396052411
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 8601
ReturnHeader/Filer/USAddress/CityNm0Madison
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053708
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/ReturnTs02015-08-13T20:19:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,983,397
Liabilities
$2,553,416
Net assets
$429,981
Revenue
$116,742
Expenses
$112,670
Net income
$4,072
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$0.06$0.25$0.19
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$2.69$0.51$0.12$0.12$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$2.58$0.51$0.14$0.13$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$2.70$0.49$0.13$0.12$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.57$3.11$0.46$0.13$0.11$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.16$2.71$0.45$0.12$0.10$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.98$2.55$0.43$0.12$0.11$0.00
2013Detailed filing. Detailed filing data is available for this year.$2.95$2.52$0.43$0.13$0.13$0.00
2012Summary only. Only limited summary data is available for this year.$2.94$2.52$0.42$0.13$0.13$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$2.60$0.42$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.00$2.56$0.44$0.18