Civic Intelligence

Avestar Credit Union

990 • Fiscal year 2012 • EIN 39-6069815

Jan 01, 2012 to Dec 31, 2012 • Filed on Apr 29, 2013

Organization ProfileAVESTARCU.COM

View Organization Page

125 W Madison St53594
Siviq Scores

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

Liabilities / Assets

89th percentile

0.92x

Higher debt load relative to assets than 89% of similar nonprofits.

2012 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

96th percentile

16%

Faster asset growth than 96% of similar nonprofits.

2012 filings • 501(c)14 • $10M-$25M 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 / Assets89th percentile

Assets

Up

$20,463,570

Up $2,883,912 (+16%) from 2011

Net Assets

Up

$1,666,132

Up $71,530 (+4.5%) from 2011

Liabilities

Up

$18,797,438

Up $2,812,382 (+18%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,246,695

Down $103,731 (-7.7%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$80M$60M$40M$20M$0Assets 2010: $17,848,447Liabilities 2010: $16,209,805Net Assets 2010: $1,638,6422010Assets 2011: $17,579,658Liabilities 2011: $15,985,056Net Assets 2011: $1,594,6022011Assets 2012: $20,463,570Liabilities 2012: $18,797,438Net Assets 2012: $1,666,1322012Assets 2013: $18,725,287Liabilities 2013: $17,039,577Net Assets 2013: $1,685,7102013Assets 2014: $20,651,356Liabilities 2014: $18,889,302Net Assets 2014: $1,762,0542014Assets 2015: $22,099,918Liabilities 2015: $20,243,204Net Assets 2015: $1,856,7142015Assets 2016: $24,060,599Liabilities 2016: $21,948,819Net Assets 2016: $2,111,7802016Assets 2017: $25,844,331Liabilities 2017: $23,558,614Net Assets 2017: $2,285,7172017Assets 2018: $24,118,171Liabilities 2018: $21,629,374Net Assets 2018: $2,488,7972018Assets 2019: $25,738,358Liabilities 2019: $22,960,896Net Assets 2019: $2,777,4622019Assets 2020: $31,306,176Liabilities 2020: $28,266,153Net Assets 2020: $3,040,0232020Assets 2021: $36,149,842Liabilities 2021: $32,897,756Net Assets 2021: $3,252,0862021Assets 2022: $37,347,210Liabilities 2022: $33,973,785Net Assets 2022: $3,373,4252022Assets 2023: $64,488,200Liabilities 2023: $56,993,817Net Assets 2023: $7,494,3832023Assets 2024: $65,183,170Liabilities 2024: $57,582,470Net Assets 2024: $7,600,7002024

Highlighted filing

2012

Assets$20,463,570
Liabilities$18,797,438
Net Assets$1,666,132
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,299,4292010Revenue 2011: $1,306,386Expenses 2011: $1,350,426Net Income 2011: -$44,0402011Expenses 2012: $1,246,6952012Revenue 2013: $1,228,137Expenses 2013: $1,208,559Net Income 2013: $19,5782013Revenue 2014: $1,215,694Expenses 2014: $1,139,350Net Income 2014: $76,3442014Revenue 2015: $1,198,758Expenses 2015: $1,104,098Net Income 2015: $94,6602015Revenue 2016: $1,206,852Expenses 2016: $951,786Net Income 2016: $255,0662016Revenue 2017: $1,283,161Expenses 2017: $1,109,224Net Income 2017: $173,9372017Revenue 2018: $1,345,856Expenses 2018: $1,142,776Net Income 2018: $203,0802018Revenue 2019: $1,475,328Expenses 2019: $1,186,663Net Income 2019: $288,6652019Revenue 2020: $1,542,404Expenses 2020: $1,279,843Net Income 2020: $262,5612020Revenue 2021: $1,531,500Expenses 2021: $1,304,611Net Income 2021: $226,8892021Revenue 2022: $1,692,693Expenses 2022: $1,505,666Net Income 2022: $187,0272022Revenue 2023: $2,275,775Expenses 2023: $2,159,743Net Income 2023: $116,0322023Revenue 2024: $4,329,309Expenses 2024: $4,289,413Net Income 2024: $39,8962024

Highlighted filing

2012

Revenue-
Expenses$1,246,695
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Apr 29, 2013
Return Version
2012v2.1
Gross Receipts
$1,417,225
Mission and Program Overview

Mission

Avestar credit union is committed to providing its members sound and dependable financial service. Our members will receive fair and competitive rates, while we maintain the financial stability of the credit union.

Major Activities

Activity 2
The credit union has several types of loan programs available for our members. We funded 1,184 new loans during 2012. As of 12/31/12 we had 1,486 loans to members.
Activity 3
.
Filing and Contact Details

Filer

EIN
39-6069815
Raw XML Appendix364 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/Activity2/Description0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,184 NEW LOANS DURING 2012. AS OF 12/31/12 WE HAD 1,486 LOANS TO MEMBERS.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS.
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IRS990ScheduleO/GeneralExplanation/Explanation0AVESTAR CREDIT UNION IS COMMITTED TO PROVIDING ITS MEMBERS SOUND AND DEPENDABLE FINANCIAL SERVICE. OUR MEMBERS WILL RECEIVE A FAIR AND COMPETITIVE RETURN ON THEIR INVESTMENTS, WHILE WE MAINTAIN THE FINANCIAL STABILITY OF THE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation3A 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 THE BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation4MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR POSSIBLE ERRORS, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE BOARD AT THEIR NEXT MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation5THE POLICY 'CONFLICT OF INTEREST' IS REVIEWED ANNUALLY BY THE BOARD AT THE REORGANIZATION MEETING HELD AFTER THE ANNUAL MEETING OF THE MEMBERSHIP.
IRS990ScheduleO/GeneralExplanation/Explanation6THE BOARD DOES A FORMAL EVALUATION OF THE PRESIDENT AND COMPARES THE SALARY TO THE WI CREDIT UNION LEAGUE SALARY SURVEY. THE BOARD THEN DETERMINES AND APPROVES THE PRESIDENT'S SALARY.
IRS990ScheduleO/GeneralExplanation/Explanation7THE FINANCIALS ARE PROVIDED AT THE ANNUAL MEETING AND UPON REQUEST. OTHER DOCUMENTS WOULD BE PROVIDED TO MEMBERS BY REQUEST.
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1CLASSES OF MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier2ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier3DECISIONS SUBJECT TO APPROVAL OF MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier4ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier5ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier6COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier7GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/Filer/EIN0396069815
ReturnHeader/Filer/Name/BusinessNameLine10AVESTAR CREDIT UNION
ReturnHeader/Filer/NameControl0AVES
ReturnHeader/Filer/Phone09204782151
ReturnHeader/Filer/USAddress/AddressLine10125 W MADISON ST
ReturnHeader/Filer/USAddress/City0WATERLOO
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode053594
ReturnHeader/Officer/DateSigned02013-04-29
ReturnHeader/Officer/Name0KAY RADLOFF
ReturnHeader/Officer/Phone09204782151
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/Preparer/DatePrepared02013-05-03
ReturnHeader/Preparer/Name0BRENT WOOKEY
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-05-03T12:55:45-05:00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$20,463,570
Liabilities
$18,797,438
Net assets
$1,666,132
Revenue
-
Expenses
$1,246,695
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$65.2$57.6$7.60$4.33$4.29$0.04
2023Detailed filing. Detailed filing data is available for this year.$64.5$57.0$7.49$2.28$2.16$0.12
2022Detailed filing. Detailed filing data is available for this year.$37.3$34.0$3.37$1.69$1.51$0.19
2021Detailed filing. Detailed filing data is available for this year.$36.1$32.9$3.25$1.53$1.30$0.23
2020Detailed filing. Detailed filing data is available for this year.$31.3$28.3$3.04$1.54$1.28$0.26
2019Detailed filing. Detailed filing data is available for this year.$25.7$23.0$2.78$1.48$1.19$0.29
2018Detailed filing. Detailed filing data is available for this year.$24.1$21.6$2.49$1.35$1.14$0.20
2017Detailed filing. Detailed filing data is available for this year.$25.8$23.6$2.29$1.28$1.11$0.17
2016Detailed filing. Detailed filing data is available for this year.$24.1$21.9$2.11$1.21$0.95$0.26
2015Detailed filing. Detailed filing data is available for this year.$22.1$20.2$1.86$1.20$1.10$0.09
2014Detailed filing. Detailed filing data is available for this year.$20.7$18.9$1.76$1.22$1.14$0.08
2013Detailed filing. Detailed filing data is available for this year.$18.7$17.0$1.69$1.23$1.21$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$18.8$1.67$1.25
2011Summary only. Only limited summary data is available for this year.$17.6$16.0$1.59$1.31$1.35$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$16.2$1.64$1.30