Civic Intelligence

Members Cooperative Credit Union

990 • Fiscal year 2012 • EIN 41-0195345

Jan 01, 2012 to Dec 31, 2012 • Filed on May 07, 2013

Organization ProfileWWW.MEMBERSCCU.ORG

View Organization Page

101 14th Street55720
Siviq Scores

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

Liabilities / Assets

29th percentile

0.88x

Higher debt load relative to assets than 29% of similar nonprofits.

2012 filings • 501(c)14 • $250M-$1B 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

64th percentile

7.2%

Faster asset growth than 64% of similar nonprofits.

2012 filings • 501(c)14 • $250M-$1B 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 / Assets29th percentile

Assets

Up

$349,820,633

Up $23,430,788 (+7.2%) from 2011

Net Assets

Up

$42,859,619

Up $4,964,818 (+13%) from 2011

Liabilities

Up

$306,961,014

Up $18,465,970 (+6.4%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$17,631,466

Down $1,816,164 (-9.3%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$1.5B$1.0B$500M$0Assets 2008: $252,991,827Liabilities 2008: $222,096,468Net Assets 2008: $30,895,3592008Assets 2010: $298,216,686Liabilities 2010: $263,062,500Net Assets 2010: $35,154,1862010Assets 2011: $326,389,845Liabilities 2011: $288,495,044Net Assets 2011: $37,894,8012011Assets 2012: $349,820,633Liabilities 2012: $306,961,014Net Assets 2012: $42,859,6192012Assets 2013: $382,821,312Liabilities 2013: $334,678,691Net Assets 2013: $48,142,6212013Assets 2014: $419,313,873Liabilities 2014: $366,975,149Net Assets 2014: $52,338,7242014Assets 2015: $628,943,926Liabilities 2015: $552,589,957Net Assets 2015: $76,353,9692015Assets 2016: $630,208,071Liabilities 2016: $550,367,428Net Assets 2016: $79,840,6432016Assets 2017: $689,385,169Liabilities 2017: $605,224,728Net Assets 2017: $84,160,4412017Assets 2018: $738,388,167Liabilities 2018: $649,204,594Net Assets 2018: $89,183,5732018Assets 2019: $796,073,008Liabilities 2019: $700,677,246Net Assets 2019: $95,395,7622019Assets 2020: $927,228,890Liabilities 2020: $824,704,539Net Assets 2020: $102,524,3512020Assets 2021: $1,064,400,556Liabilities 2021: $956,025,967Net Assets 2021: $108,374,5892021Assets 2022: $1,152,300,712Liabilities 2022: $1,053,055,443Net Assets 2022: $99,245,2692022Assets 2023: $1,193,596,347Liabilities 2023: $1,093,620,853Net Assets 2023: $99,975,4942023Assets 2024: $1,150,000,075Liabilities 2024: $1,045,019,833Net Assets 2024: $104,980,2422024

Highlighted filing

2012

Assets$349,820,633
Liabilities$306,961,014
Net Assets$42,859,619
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80M$60M$40M$20M$0-$20MExpenses 2008: $20,402,0782008Expenses 2010: $18,227,2552010Revenue 2011: $22,188,245Expenses 2011: $19,447,630Net Income 2011: $2,740,6152011Expenses 2012: $17,631,4662012Revenue 2013: $20,020,255Expenses 2013: $14,737,253Net Income 2013: $5,283,0022013Revenue 2014: $19,883,549Expenses 2014: $15,640,463Net Income 2014: $4,243,0862014Revenue 2015: $25,161,437Expenses 2015: $23,427,743Net Income 2015: $1,733,6942015Revenue 2016: $29,142,034Expenses 2016: $25,134,827Net Income 2016: $4,007,2072016Revenue 2017: $31,709,614Expenses 2017: $27,710,653Net Income 2017: $3,998,9612017Revenue 2018: $38,043,681Expenses 2018: $33,020,549Net Income 2018: $5,023,1322018Revenue 2019: $41,235,372Expenses 2019: $35,023,183Net Income 2019: $6,212,1892019Revenue 2020: $43,835,054Expenses 2020: $37,131,319Net Income 2020: $6,703,7352020Revenue 2021: $45,708,037Expenses 2021: $38,334,935Net Income 2021: $7,373,1022021Revenue 2022: $46,427,247Expenses 2022: $46,777,629Net Income 2022: -$350,3822022Revenue 2023: $60,672,514Expenses 2023: $60,581,870Net Income 2023: $90,6442023Revenue 2024: $65,178,355Expenses 2024: $60,606,630Net Income 2024: $4,571,7252024

Highlighted filing

2012

Revenue-
Expenses$17,631,466
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 7, 2013
Return Version
2012v2.1
Gross Receipts
$24,399,459
Mission and Program Overview

Mission

To be the primary, positive financial influence in the life of our owner/member.

Major Activities

Activity 2
18,561 loans totaling over $286.5 million were active for consumer, mortgage and commercial loans to members. Our goal is to offer loans at reasonable rates to our members and to provide indirect loans to customers of auto dealerships in the area at competitive rates.
Activity 3
Availability of 5 of our own atm's as well as a large network of atm's nation and world wide to our members and non-members. We want to offer convenience to our members after hours and away from home.
Filing and Contact Details

Filer

EIN
41-0195345
Raw XML AppendixShowing 400 of 570 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/Description018,561 LOANS TOTALING OVER $286.5 MILLION WERE ACTIVE FOR CONSUMER, MORTGAGE AND COMMERCIAL LOANS TO MEMBERS. OUR GOAL IS TO OFFER LOANS AT REASONABLE RATES TO OUR MEMBERS AND TO PROVIDE INDIRECT LOANS TO CUSTOMERS OF AUTO DEALERSHIPS IN THE AREA AT COMPETITIVE RATES.
IRS990/Activity3/Description0AVAILABILITY OF 5 OF OUR OWN ATM'S AS WELL AS A LARGE NETWORK OF ATM'S NATION AND WORLD WIDE TO OUR MEMBERS AND NON-MEMBERS. WE WANT TO OFFER CONVENIENCE TO OUR MEMBERS AFTER HOURS AND AWAY FROM HOME.
IRS990/ActivityOrMissionDescription0TO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS OF MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0PART X: THE CREDIT UNION IS EXEMPT, BY IRC 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE CREDIT UNION HAS FILED TAX RETURNS, AND AMENDMENTS THEREOF BASED ON THE RECENT COURT CASES, FOR POTENTIAL TAXABLE ACTIVITIES, REMITTING, AND RECOGNIZING AS EXPENSE, FEDERAL AND STATE TAX AND RELATED ESTIMATE PAYMENTS, AS APPLICABLE. INCOME TAXES INCURRED, OR REFUNDS THEREOF, HAVE NOT BEEN MATERIAL TO DATE TO THE ENTITY. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2012 AND 2011. THE CREDIT UNION'S 2009 AND SUBSEQUENT TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1INDIRECT/DEFERRED LOAN EXPENSE
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2INDIRECT/DEFERRED LOAN EXPENSE
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
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IRS990ScheduleD/OtherLiabilities/Description0SHARE SAVINGS
IRS990ScheduleD/OtherLiabilities/Description1SHARE DRAFTS
IRS990ScheduleD/OtherLiabilities/Description2MONEY MARKET
IRS990ScheduleD/OtherLiabilities/Description3IRA DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description4SHARE & IRA CERTIFICATES
IRS990ScheduleD/OtherLiabilities/Description5NON MEMBER DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncluded02832302
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt02832302
IRS990ScheduleD/RevenueSubtotal019763982
IRS990ScheduleD/TotalExpensesPerForm990017631466
IRS990ScheduleD/TotalOfAmounts0301256996
IRS990ScheduleD/TotalOfBookValueLandBuildings08896891
IRS990ScheduleD/TotalRevenuePerForm990022596284
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt014799164
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt019763982
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: THE BOARD OF DIRECTORS AND MANAGEMENT HAVE BOARD REPRESENTATION ON THE ORGANIZATION RECEIVING GRANT FUNDS.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10101 14TH ST
IRS990ScheduleI/RecipientTable/AddressUS/City0CLOQUET
IRS990ScheduleI/RecipientTable/AddressUS/State0MN
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode055720
IRS990ScheduleI/RecipientTable/AmountOfCashGrant020000
IRS990ScheduleI/RecipientTable/EINOfRecipient0270603827
IRS990ScheduleI/RecipientTable/IRCSection0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrant0EDUCATIONAL SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10MEMBERS COOPERATIVE CREDIT UNION COMMUNITY YOUTH FOUNDATION
IRS990ScheduleI/RecordsMaintained01
IRS990ScheduleI/TotalNbrOf501C3AndGovtGrants01
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompensationCommittee0X
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg0194926
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg1126058
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg2130835
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg3131385
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg020100
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg18600
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg28800
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg3100
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs30
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs30
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg20
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg30
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs30
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg0229708
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg17465
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg215516
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg37166
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs30
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0INCREASE/DECREASE IN 457 (F) PLAN
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0PART I, LINE 4B
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0TAMMY HEIKKINEN
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1RALPH HAMANN
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson2JANET VOLD
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson3SIMONE SURI
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg0651
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg114474
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg214474
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg314474
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs30

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
$349,820,633
Liabilities
$306,961,014
Net assets
$42,859,619
Revenue
-
Expenses
$17,631,466
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,150$1,045$105$65.2$60.6$4.57
2023Detailed filing. Detailed filing data is available for this year.$1,194$1,094$100.0$60.7$60.6$0.09
2022Detailed filing. Detailed filing data is available for this year.$1,152$1,053$99.2$46.4$46.8$0.35
2021Detailed filing. Detailed filing data is available for this year.$1,064$956$108$45.7$38.3$7.37
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$927$825$103$43.8$37.1$6.70
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$796$701$95.4$41.2$35.0$6.21
2018Detailed filing. Detailed filing data is available for this year.$738$649$89.2$38.0$33.0$5.02
2017Detailed filing. Detailed filing data is available for this year.$689$605$84.2$31.7$27.7$4.00
2016Detailed filing. Detailed filing data is available for this year.$630$550$79.8$29.1$25.1$4.01
2015Detailed filing. Detailed filing data is available for this year.$629$553$76.4$25.2$23.4$1.73
2014Detailed filing. Detailed filing data is available for this year.$419$367$52.3$19.9$15.6$4.24
2013Detailed filing. Detailed filing data is available for this year.$383$335$48.1$20.0$14.7$5.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$350$307$42.9$17.6
2011Summary only. Only limited summary data is available for this year.$326$288$37.9$22.2$19.4$2.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$298$263$35.2$18.2
2008Facts available. Structured filing facts are available, but richer extracted sections are limited.$253$222$30.9$20.4