Civic Intelligence

Truax Credit Union

EIN 39-6058360

2625 Sloan Blvd53704
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

No filing with officer or executive compensation is available for this organization yet.

Asset Growth

12th percentile

-100%

Faster asset growth than 12% of similar nonprofits.

<$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $5,322,694 (-100%) from 2011

Liabilities

Down

$0

Down $4,517,499 (-100%) from 2011

Net Assets

Down

$0

Down $805,195 (-100%) from 2011

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$287,139

Up $153,419 (+115%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $5,302,613Liabilities 2010: $4,498,434Net Assets 2010: $804,1792010Assets 2011: $5,322,694Liabilities 2011: $4,517,499Net Assets 2011: $805,1952011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012

Highlighted filing

2012

Assets$0
Liabilities$0
Net Assets$0
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Expenses 2010: $170,7082010Expenses 2011: $133,7202011Expenses 2012: $287,1392012

Highlighted filing

2012

Revenue-
Expenses$287,139
Net Income-
Open 2012 Filing

Filings

Most recent year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
-
Expenses
$287,139
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.32$4.52$0.81$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.30$4.50$0.80$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Mar 19, 2014
Return Version
2012v2.1
Gross Receipts
$64,947
Mission and Program Overview

Major Activities

Activity 2
We funded 22 loans during 2012. As of 7/31/2012, we had 25 mortgages/home equity and 57 consumer loans.
Filing and Contact Details

Filer

EIN
39-6058360
Raw XML Appendix319 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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IRS990/ActivityOrMissionDescription0We, actively serve people within our field of membership, treating all with respect and dignity and offer honest fair deals to all members at all times. We deliver a range of low cost products and services to the diverse economic and social makeup or our members.
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IRS990/OfficerMailingAddress0false
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY07048
IRS990/OtherEmployeeBenefits/Total08322
IRS990/OtherExpensePriorYear063685
IRS990/OtherExpensesCurrentYear036070
IRS990/OtherExpenses/Description0Dividends to Members
IRS990/OtherExpenses/Description1Member Ins/NCUSIF
IRS990/OtherExpenses/Description2Loan Servicing Expense
IRS990/OtherExpenses/ManagementAndGeneral05845
IRS990/OtherExpenses/ManagementAndGeneral17000
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IRS990/OtherNotesLoansReceivableNet/BOY02367482
IRS990/OtherRevenueCurrentYear00
IRS990/OtherSalariesAndWages/Total0203778
IRS990/PartialLiquidation0true
IRS990/PaymentsToAffiliates/Total04220
IRS990/PayrollTaxes/Total03185
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IRS990ScheduleN/DirectorOfSuccessor0false
IRS990ScheduleN/EmployeeOfSuccessor0false
IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/AddressLine101212 Huxley Street
IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/City0Madison
IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/State0WI
IRS990ScheduleN/LiquidationTable/LiquidationDetail/AddressUS/ZIPCode053704
IRS990ScheduleN/LiquidationTable/LiquidationDetail/DateOfDistribution02012-07-31
IRS990ScheduleN/LiquidationTable/LiquidationDetail/DescriptionOfAsset0All Assets &#x26 Liabilities of the CU at merger date
IRS990ScheduleN/LiquidationTable/LiquidationDetail/EIN0396048473
IRS990ScheduleN/LiquidationTable/LiquidationDetail/FMVOfAsset0583004
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IRS990ScheduleO/GeneralExplanation/Explanation0The 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/GeneralExplanation/Explanation1The Board of Directors is elected by the membership utilizing their one vote per member.
IRS990ScheduleO/GeneralExplanation/Explanation2Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organization9s 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/GeneralExplanation/Explanation3Management will review the return before it is filed with the IRS
IRS990ScheduleO/GeneralExplanation/Explanation4Available upon request
IRS990ScheduleO/GeneralExplanation/Explanation5Truax Credit Union merged with Heritage Credit Union effective July 31, 2012. Members transferring from Truax Credit Union to Heritage Credit Union have access to all products and services as of July, 2012.
IRS990ScheduleO/GeneralExplanation/Explanation6Net Asset Balance at the time of merger. All Net Assets were transferred to Heritage Credit Union as part of the merger.
IRS990ScheduleO/GeneralExplanation/Explanation7Per IRS Notice AP259A, we were notified that Form 990 for the period ending 12/31/2012 had not yet been filed for Truax CU. We assumed that prior management had completed all required filings. In the confusion of the merger, the filing of the final Form 990 was inadvertently missed. We have put into place workflow processes to ensure a similar situation would not occur in the future. We respectfully request that any penalties or fees associated with the late filing be abated and forgiven as this was an inadvertent error.
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IRS990ScheduleO/GeneralExplanation/ReturnReference0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1Member election for additional members Part VI line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference2Governing body decisions Part VI line 7b
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990 governing body review Part VI line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5Cessation of or significant change to any program service Part III line 3
IRS990ScheduleO/GeneralExplanation/ReturnReference6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/GeneralExplanation/ReturnReference7General explanation attachment
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IRS990/YearFormation01956
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0396058360
ReturnHeader/Filer/Name/BusinessNameLine10Truax Credit Union
ReturnHeader/Filer/NameControl0TRUA
ReturnHeader/Filer/USAddress/AddressLine102625 Sloan Blvd
ReturnHeader/Filer/USAddress/City0Madison
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode053704
ReturnHeader/Officer/AuthorizeThirdParty0false
ReturnHeader/Officer/DateSigned02014-03-19
ReturnHeader/Officer/Name0Alan Zimprich
ReturnHeader/Officer/Phone06082447704
ReturnHeader/Officer/Title0CFOVP-Heritage
ReturnHeader/Preparer/DatePrepared02014-03-19
ReturnHeader/PreparerFirm/EIN0391127312
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/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02014-03-19T17:28:47-05:00

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