Civic Intelligence

Municipal Credit Union

EIN 39-6059915 • 501(c)14 • Beloit, WI

Profile

Municipal credit union will provide the highest quality of financial services while living the credit union philosophy of "people-helping- people".

1154 Cranston RoadBeloit, WI 53511

www.municu.org

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 2015

Liabilities / Revenue

40th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2015

Net Margin

7th percentile

-88%

Higher net margin than 7% of similar nonprofits.

$500k-$1M nonprofits • Source year 2015

Top Officer Pay

96th percentile

$70,570

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

$500k-$1M nonprofits • Source year 2015

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

30th percentile

-4.5%

Faster revenue growth than 30% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$0

Down $16,191,994 (-100%) from 2014

Liabilities

Down

$0

Down $14,265,458 (-100%) from 2014

Net Assets

Down

$0

Down $1,926,536 (-100%) from 2014

Revenue

Down

$502,796

Down $23,587 (-4.5%) from 2014

Expenses

Up

$947,220

Up $429,838 (+83%) from 2014

Net Income

Down

-$444,424

Down $453,425 (-5037%) from 2014

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $13,935,884Liabilities 2010: $12,005,848Net Assets 2010: $1,930,0362010Assets 2011: $14,645,827Liabilities 2011: $12,741,116Net Assets 2011: $1,904,7112011Assets 2012: $15,486,172Liabilities 2012: $13,569,947Net Assets 2012: $1,916,2252012Assets 2013: $15,768,454Liabilities 2013: $13,850,919Net Assets 2013: $1,917,5352013Assets 2014: $16,191,994Liabilities 2014: $14,265,458Net Assets 2014: $1,926,5362014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $625,3532010Expenses 2011: $607,7022011Expenses 2012: $543,3282012Revenue 2013: $528,706Expenses 2013: $527,396Net Income 2013: $1,3102013Revenue 2014: $526,383Expenses 2014: $517,382Net Income 2014: $9,0012014Revenue 2015: $502,796Expenses 2015: $947,220Net Income 2015: -$444,4242015

Highlighted filing

2015

Revenue$502,796
Expenses$947,220
Net Income-$444,424

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 2, 2016
Return Version
2015v2.1
Gross Receipts
$502,796
Mission and Program Overview

Mission

Municipal credit union will provide the highest quality of financial services while living the credit union philosophy of "people-helping- people".

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,203,032--
Investments Program Related$6,165,263--
Savings and Temporary Cash Investments$3,260,251--
Rtn Earn Endowment Incm Other Fnds$1,926,536--
Cash and Non-Interest-Bearing Accounts$289,798--
Land, Buildings, and Equipment, Net$104,173--
Prepaid Expenses and Deferred Charges$10,517--
Total Assets$16,191,994$0▼ $16,191,994
Other Assets Total$158,960--
Liabilities
Other Liabilities$14,237,483--
Accounts Payable and Accrued Expenses$27,975--
Total Liabilities$14,265,458$0▼ $14,265,458
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,926,536$0▼ $1,926,536
Total Liabilities and Net Assets / Fund Balance$16,191,994$0▼ $16,191,994
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan CarpenterPresidentFT$60,616$9,954$70,570

Board Members and Trustees

NameTitle
Paul BauerChairman
Wayne EndthoffVice Chair
Mark MaxtedDirector
Shaun EberdtDirector
Shirley FischerDirector
Gregory McquearySecretary
Vincent SciameTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$387,653
Investment Income
$106,117
Other Revenue
$9,026
Change in Net Assets
$-444,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$724,799
Salaries, Compensation, and Employee Benefits$222,421
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$197,402
Office Expenses---$174,569
Other Salaries and Wages---$128,289
Current Officers, Directors, Trustees, and Key Employees---$60,616
Information Technology---$47,174
Depreciation Depletion---$22,024
Occupancy---$18,940
Payroll Taxes---$15,493
Other Employee Benefits---$12,619
Insurance---$10,146
Fees for Services Other---$5,625
Pension Plan Contributions---$5,404
Advertising---$3,472
Conferences and Meetings---$1,062
Fees for Services Legal---$185
Travel---$18
Interest---$3
Total Functional Expenses$0$0$0$947,220
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
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

Form 990, Page 6, Part VI, Line 6

The organization has members. To be a member, one must have a share (savings) account at the credit union.

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

The board of directors is elected by the credit union members. Each member has one vote.

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

A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.

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

President provides the necessary data to independent cpa who prepares the return. The return is reviewed by the president for accuracy, and then cpa is authorized to e-file the return. The president reviews the return with the directors at the next board meeting.

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

Wage and salary committee reviews a copy of the wcul compensation survey which is prepared annually by wcul. The wage & salary committee meet and make recommendations to the full board of directors. The compensation is reviewed and approved by the directors and documented in the minutes.

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

Wage and salary committee reviews a copy of the wcul compensation survey which is prepared annually by wcul. The wage & salary committee meet and make recommendations to the full board of directors. The compensation is reviewed and approved by the directors and documented in the minutes.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Municipal Credit Union
EIN
39-6059915
Phone
6083626172
Address
1154 CRANSTON ROAD, BELOIT, WI 53511

Signing Officer

Name
Susan Carpenter
Title
President
Phone
6083626172
Signed
2016-06-02

Organization Details

Principal Officer
Susan Carpenter
Formed
1933
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
18
Volunteers
7

Preparer

Preparer
Brent Wookey CPA
Supplemental Narrative

Additional Explanations

Form 990, Part III

Municipal credit union merged with parker community credit union after the close of business on december 31, 2015. Government agency approval documents are attached to this return in pdf file.

Form 990, Part XI, Line 9

Net assets transferred in merger -1,482,112 total -1,482,112 municipal credit union merged with parker community credit union after the close of business on december 31, 2015.

Raw XML Appendix355 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/BOYAmt027975
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MUNICIPAL CREDIT UNION WILL PROVIDE THE HIGHEST QUALITY OF FINANCIAL SERVICES WHILE LIVING THE CREDIT UNION PHILOSOPHY OF "PEOPLE-HELPING- PEOPLE".
IRS990/AdvertisingGrp/TotalAmt03472
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0SUSAN CARPENTER
IRS990/BooksInCareOfDetail/PhoneNum06083626172
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01154 CRANSTON ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BELOIT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053511
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0289798
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt060616
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt01062
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0106117
IRS990/CYOtherExpensesAmt0724799
IRS990/CYOtherRevenueAmt09026
IRS990/CYProgramServiceRevenueAmt0387653
IRS990/CYRevenuesLessExpensesAmt0-444424
IRS990/CYSalariesCompEmpBnftPaidAmt0222421
IRS990/CYTotalExpensesAmt0947220
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0502796
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt022024
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 111 NEW DEPOSIT ACCOUNTS IN 2015. AS OF 12/31/15 WE HAD 2,231 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt018
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesLegalGrp/TotalAmt0185
IRS990/FeesForServicesOtherGrp/TotalAmt05625
IRS990/FinalReturnInd0X
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
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/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt79954
IRS990/Form990PartVIISectionAGrp/PersonNm0PAUL BAUER
IRS990/Form990PartVIISectionAGrp/PersonNm1WAYNE ENDTHOFF
IRS990/Form990PartVIISectionAGrp/PersonNm2VINCENT SCIAME
IRS990/Form990PartVIISectionAGrp/PersonNm3GREGORY MCQUEARY
IRS990/Form990PartVIISectionAGrp/PersonNm4SHAUN EBERDT
IRS990/Form990PartVIISectionAGrp/PersonNm5SHIRLEY FISCHER
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK MAXTED
IRS990/Form990PartVIISectionAGrp/PersonNm7SUSAN CARPENTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt760616
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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01933
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0502796
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt047174
IRS990/InsuranceGrp/TotalAmt010146
IRS990/InterestGrp/TotalAmt03
IRS990/InvestmentIncomeGrp/ExclusionAmt0106117
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0106117
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt06165263
IRS990/IRPDocumentCnt02407
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0104173
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MUNICIPAL CREDIT UNION WILL PROVIDE THE HIGHEST QUALITY OF FINANCIAL SERVICES WHILE LIVING THE CREDIT UNION PHILOSOPHY OF "PEOPLE-HELPING- PEOPLE".
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01926536
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt018940
IRS990/OfficeExpensesGrp/TotalAmt0174569
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0158960
IRS990/OtherChangesInNetAssetsAmt0-1482112
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012619
IRS990/OtherExpensesGrp/Desc0MERGER EXPENSES
IRS990/OtherExpensesGrp/Desc1DIVIDENDS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0244179
IRS990/OtherExpensesGrp/TotalAmt1197402
IRS990/OtherLiabilitiesGrp/BOYAmt014237483
IRS990/OtherSalariesAndWagesGrp/TotalAmt0128289
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06203032
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt015493
IRS990/PensionPlanContributionsGrp/TotalAmt05404
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010517
IRS990/PrincipalOfficerNm0SUSAN CARPENTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER MEMBER RELATED REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3INSURANCE SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0230466
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt189627
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt266782
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0230466
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt189627
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt266782
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3778
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0778
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 243 NEW LOANS TO MEMBERS DURING 2015. AS OF 12/31/15 WE HAD 771 LOANS TO OUR MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt082371
IRS990/PYOtherExpensesAmt0291598
IRS990/PYOtherRevenueAmt07914
IRS990/PYProgramServiceRevenueAmt0436098
IRS990/PYRevenuesLessExpensesAmt09001
IRS990/PYSalariesCompEmpBnftPaidAmt0225784
IRS990/PYTotalExpensesAmt0517382
IRS990/PYTotalRevenueAmt0526383
IRS990/ReconcilationRevenueExpnssAmt0-444424
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt09026
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt09026
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01926536
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03260251
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0true
IRS990ScheduleN/EmployeeOfSuccessorInd0true
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0LOANS TO MEMBERS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1CASH & INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2OTHER ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02015-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12015-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22015-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0390672885
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1390672885
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2390672885
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt05593841
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt111908774
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt2130813
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0PARKER COMMUNITY CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm1PARKER COMMUNITY CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm2PARKER COMMUNITY CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0PO BOX 937
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1PO BOX 937
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt2PO BOX 937
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0JANESVILLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1JANESVILLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2JANESVILLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0WI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1WI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2WI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd053547
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd153547
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd253547
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0true
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0DIRECTOR MARK MAXTED WILL BECOME A DIRECTOR ON THE BOARD OF PARKER COMMUNITY CREDIT UNION. PRESIDENT SUSAN CARPENTER WILL BECOME PRESIDENT OF THE MCU DIVISION OF PARKER COMMUNITY CREDIT UNION. PRESIDENT SUSAN CARPENTER TO RECEIVE A MERGER BONUS OF 5,727.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MUNICIPAL CREDIT UNION MERGED WITH PARKER COMMUNITY CREDIT UNION AFTER THE CLOSE OF BUSINESS ON DECEMBER 31, 2015. GOVERNMENT AGENCY APPROVAL DOCUMENTS ARE ATTACHED TO THIS RETURN IN PDF FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRESIDENT PROVIDES THE NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. THE RETURN IS REVIEWED BY THE PRESIDENT FOR ACCURACY, AND THEN CPA IS AUTHORIZED TO E-FILE THE RETURN. THE PRESIDENT REVIEWS THE RETURN WITH THE DIRECTORS AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WAGE AND SALARY COMMITTEE REVIEWS A COPY OF THE WCUL COMPENSATION SURVEY WHICH IS PREPARED ANNUALLY BY WCUL. THE WAGE & SALARY COMMITTEE MEET AND MAKE RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS. THE COMPENSATION IS REVIEWED AND APPROVED BY THE DIRECTORS AND DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WAGE AND SALARY COMMITTEE REVIEWS A COPY OF THE WCUL COMPENSATION SURVEY WHICH IS PREPARED ANNUALLY BY WCUL. THE WAGE & SALARY COMMITTEE MEET AND MAKE RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS. THE COMPENSATION IS REVIEWED AND APPROVED BY THE DIRECTORS AND DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NET ASSETS TRANSFERRED IN MERGER -1,482,112 TOTAL -1,482,112 MUNICIPAL CREDIT UNION MERGED WITH PARKER COMMUNITY CREDIT UNION AFTER THE CLOSE OF BUSINESS ON DECEMBER 31, 2015.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt016191994
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt016191994
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0947220
IRS990/TotalGrossUBIAmt0778
IRS990/TotalLiabilitiesBOYAmt014265458
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt014265458
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01926536
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt09954
IRS990/TotalProgramServiceRevenueAmt0387653
IRS990/TotalReportableCompFromOrgAmt060616
IRS990/TotalRevenueGrp/ExclusionAmt0115143
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0386875
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0502796
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0778
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016191994
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TravelGrp/TotalAmt018
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01154 CRANSTON ROAD
IRS990/USAddress/CityNm0BELOIT
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053511
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.MUNICU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN CARPENTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06083626172
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MUNICIPAL CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MUNI
ReturnHeader/Filer/EIN0396059915
ReturnHeader/Filer/PhoneNum06083626172
ReturnHeader/Filer/USAddress/AddressLine1Txt01154 CRANSTON ROAD
ReturnHeader/Filer/USAddress/CityNm0BELOIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053511
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/ReturnTs02016-06-08T16:16:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.