Civic Intelligence

Floodwood Area Credit Union

EIN 41-0259743 • 501(c)14 • Floodwood, MN

View Organization Page

224 W Highway 2Floodwood, MN 55736
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 2018

Liabilities / Revenue

96th percentile

0.00x

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

501(c)14 • <$500k nonprofits • Source year 2018

Net Margin

13th percentile

-457%

Higher net margin than 13% of similar nonprofits.

501(c)14 • <$500k nonprofits • Source year 2018

Top Officer Pay

58th percentile

$34,861

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 22.3% of source-year revenue.

501(c)14 • <$500k nonprofits • Source year 2018

Asset Growth

95th percentile

-100%

Faster asset growth than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

-75%

Faster revenue growth than 25% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $18,636,959 (-100%) from 2017

Liabilities

Down

$0

Down $15,609,183 (-100%) from 2017

Net Assets

Down

$0

Down $3,027,776 (-100%) from 2017

Operations
Liabilities / Revenue96th percentileNet Margin13th percentile

Revenue

Down

$156,023

Down $465,880 (-75%) from 2017

Expenses

Up

$868,356

Up $300,462 (+53%) from 2017

Net Income

Down

-$712,333

Down $766,342 (-1419%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth95th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $15,159,791Liabilities 2010: $12,789,604Net Assets 2010: $2,370,1872010Assets 2011: $15,831,683Liabilities 2011: $13,400,505Net Assets 2011: $2,431,1782011Assets 2012: $18,372,008Liabilities 2012: $15,889,417Net Assets 2012: $2,482,5912012Assets 2013: $17,174,249Liabilities 2013: $14,650,029Net Assets 2013: $2,524,2202013Assets 2014: $17,203,262Liabilities 2014: $14,638,718Net Assets 2014: $2,564,5442014Assets 2015: $18,998,794Liabilities 2015: $16,034,519Net Assets 2015: $2,964,2752015Assets 2016: $18,791,974Liabilities 2016: $15,818,207Net Assets 2016: $2,973,7672016Assets 2017: $18,636,959Liabilities 2017: $15,609,183Net Assets 2017: $3,027,7762017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0
Open 2018 Filing

Operations Trend

Revenue Growth25th percentile

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

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $705,1012010Revenue 2011: $729,702Expenses 2011: $668,711Net Income 2011: $60,9912011Expenses 2012: $617,0662012Revenue 2013: $613,543Expenses 2013: $571,914Net Income 2013: $41,6292013Revenue 2014: $586,036Expenses 2014: $545,712Net Income 2014: $40,3242014Revenue 2015: $592,112Expenses 2015: $549,701Net Income 2015: $42,4112015Revenue 2016: $604,039Expenses 2016: $594,547Net Income 2016: $9,4922016Revenue 2017: $621,903Expenses 2017: $567,894Net Income 2017: $54,0092017Revenue 2018: $156,023Expenses 2018: $868,356Net Income 2018: -$712,3332018

Highlighted filing

2018

Revenue$156,023
Expenses$868,356
Net Income-$712,333
Open 2018 Filing

Filings

Most recent year

2018 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$156,023
Expenses
$868,356
Net income
-$712,333
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.16$0.87$0.71
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$15.6$3.03$0.62$0.57$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$15.8$2.97$0.60$0.59$0.01
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$19.0$16.0$2.96$0.59$0.55$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.2$14.6$2.56$0.59$0.55$0.04
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$17.2$14.7$2.52$0.61$0.57$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.4$15.9$2.48$0.62
2011Summary only. Only limited summary data is available for this year.$15.8$13.4$2.43$0.73$0.67$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$12.8$2.37$0.71
Latest Detailed Filing

The latest 2018 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2012 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 15, 2013
Return Version
2012v2.1
Gross Receipts
$668,479
Mission and Program Overview

Mission

The purpose and strategic objective of the floodwood area credit union is to serve its members by providing competitive financial products and services in keeping with recognized good business practices.

Filing and Contact Details

Filer

EIN
41-0259743
Raw XML Appendix391 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/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY045513
IRS990/AccountsPayableAccruedExpenses/EOY011345
IRS990/ActivitiesConductedPartnership00
IRS990/ActivityOrMissionDescription0PROVIDE CREDIT UNION SERVICES TO MEMBERS
IRS990/AddressPrincipalOfficerUS/AddressLine10PO BOX 133
IRS990/AddressPrincipalOfficerUS/City0FLOODWOOD
IRS990/AddressPrincipalOfficerUS/State0MN
IRS990/AddressPrincipalOfficerUS/ZIPCode055736
IRS990/AllOtherExpenses/Total018138
IRS990/AnnualDisclosureCoveredPersons01
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY086310
IRS990/BenefitsPaidToMembersPriorYear0117622
IRS990/BenefitsToMembers/Total086310
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CapStckTrstPrinCurrentFunds/BOY00
IRS990/CapStckTrstPrinCurrentFunds/EOY00
IRS990/CashNonInterestBearing/BOY0688333
IRS990/CashNonInterestBearing/EOY0510776
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompCurrentOfficersDirectors/Total0100406
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO01
IRS990/CompensationProcessOther01
IRS990/ConferencesMeetings/Total012239
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt00
IRS990/ContributionsGrantsCurrentYear00
IRS990/ContributionsGrantsPriorYear00
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval01
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/Total021315
IRS990/DescribedIn501C300
IRS990/Description0DIVIDENDS AND INTEREST ON MEMBERS SAVINGS ACCOUNTSAND LOANS TO MEMBERS.
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy01
IRS990/DonorAdvisedFunds00
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers01
IRS990/EmploymentTaxReturnsFiled01
IRS990/Expense0543409
IRS990/FamilyOrBusinessRelationship00
IRS990/FederalGrantAuditRequired00
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form8282PropertyDisposedOf00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek01.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek11.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek21.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek31.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek41.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek540.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek640.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/NamePerson0TIMOTHY TOLLGAARD
IRS990/Form990PartVIISectionA/NamePerson1DENNIS JUUSOLA
IRS990/Form990PartVIISectionA/NamePerson2MARILYN ARRO
IRS990/Form990PartVIISectionA/NamePerson3LARRY HEGGEDAHL
IRS990/Form990PartVIISectionA/NamePerson4SUSAN HUTCHINSON
IRS990/Form990PartVIISectionA/NamePerson5PATRICK N BABINSKI
IRS990/Form990PartVIISectionA/NamePerson6DEBRA R ARRO
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization0576
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization1684
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization2717
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization3879
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization4832
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization553453
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization643265
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/Title0BOARD CHAIR
IRS990/Form990PartVIISectionA/Title1VICE CHAIR
IRS990/Form990PartVIISectionA/Title2SECRETARY
IRS990/Form990PartVIISectionA/Title3DIRECTOR
IRS990/Form990PartVIISectionA/Title4DIRECTOR
IRS990/Form990PartVIISectionA/Title5PRESIDENT
IRS990/Form990PartVIISectionA/Title6VICE PRESIDENT
IRS990/Form990ProvidedToGoverningBody00
IRS990/Form990-TFiled01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FSAuditedBasis/FinancialStatementSeparate0X
IRS990/FundraisingActivities00
IRS990/FundsToPayPremiums00
IRS990/Gaming00
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts0668479
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt00
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/InvestmentIncomeCurrentYear0109208
IRS990/InvestmentIncomePriorYear0121497
IRS990/InvestmentIncome/RelatedOrExemptFunctionIncome0109208
IRS990/InvestmentIncome/TotalRevenueColumn0109208
IRS990/InvestmentInJointVenture00
IRS990/LandBldgEquipmentAccumDeprec0416167
IRS990/LandBuildingsEquipmentBasis0497805
IRS990/LandBuildingsEquipmentBasisNet/BOY096300
IRS990/LandBuildingsEquipmentBasisNet/EOY081638
IRS990/LoanToOfficerOrDQP01
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders01
IRS990/MethodOfAccountingCash0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0THE PURPOSE AND STRATEGIC OBJECTIVE OF THE FLOODWOOD AREA CREDIT UNION IS TO SERVE ITS MEMBERS BY PROVIDING COMPETITIVE FINANCIAL PRODUCTS AND SERVICES IN KEEPING WITH RECOGNIZED GOOD BUSINESS PRACTICES.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0PATRICK BABINSKI
IRS990/NbrIndependentVotingMembers00
IRS990/NbrVotingGoverningBodyMembers05
IRS990/NbrVotingMembersGoverningBody05
IRS990/NetAssetsOrFundBalancesBOY02431178
IRS990/NetAssetsOrFundBalancesEOY02482591
IRS990/NetUnrelatedBusinessTxblIncome0-303
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith109608
IRS990/NumberIndependentVotingMembers00
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees07
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Total013856
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY0165712
IRS990/OtherAssetsTotal/EOY0142119
IRS990/OtherEmployeeBenefits/Total048919
IRS990/OtherExpensePriorYear0329789
IRS990/OtherExpensesCurrentYear0304099
IRS990/OtherExpenses/Description0PROFESSIONAL & OUTSIDE
IRS990/OtherExpenses/Description1PROVSION FOR LOAN LOSS
IRS990/OtherExpenses/Description2OFFICE OPERATIONS
IRS990/OtherExpenses/Description3LOAN SERVICE FEE
IRS990/OtherExpenses/Total090533
IRS990/OtherExpenses/Total163642
IRS990/OtherExpenses/Total257568
IRS990/OtherExpenses/Total317918
IRS990/OtherLiabilities/BOY013354992
IRS990/OtherLiabilities/EOY015878072
IRS990/OtherNotesLoansReceivableNet/BOY09355799
IRS990/OtherNotesLoansReceivableNet/EOY09993801
IRS990/OtherRevenueCurrentYear00
IRS990/OtherRevenuePriorYear00
IRS990/OtherSalariesAndWages/Total077332
IRS990/PaidInCapSrplsLandBldgEqpFund/BOY00
IRS990/PaidInCapSrplsLandBldgEqpFund/EOY00
IRS990/PartialLiquidation00
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PrepaidExpensesDeferredCharges/BOY018918
IRS990/PrepaidExpensesDeferredCharges/EOY015053
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0522291
IRS990/ProgramServiceRevenue/BusinessCode1522291
IRS990/ProgramServiceRevenueCY0559271
IRS990/ProgramServiceRevenue/Description0INTEREST ON LOANS
IRS990/ProgramServiceRevenue/Description1INTEREST ON CREDIT CAR
IRS990/ProgramServiceRevenuePriorYear0608205
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome0498852
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome160419
IRS990/ProgramServiceRevenue/TotalRevenueColumn0498852
IRS990/ProgramServiceRevenue/TotalRevenueColumn160419
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReceivablesFromOfficersEtc/BOY0110565
IRS990/ReceivablesFromOfficersEtc/EOY089638
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses051413
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote00
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/RetainedEarningsEndowmentEtc/BOY02431178
IRS990/RetainedEarningsEndowmentEtc/EOY02482591
IRS990/Revenue0498852
IRS990/RevenuesLessExpensesCY051413
IRS990/RevenuesLessExpensesPriorYear060991
IRS990/SalariesEtcCurrentYear0226657
IRS990/SalariesEtcPriorYear0221300
IRS990/SavingsAndTempCashInvestments/BOY05396056
IRS990/SavingsAndTempCashInvestments/EOY07538983
IRS990/ScheduleBRequired00
IRS990ScheduleD/OtherLandBuildings/BookValue081638
IRS990ScheduleD/OtherLandBuildings/Depreciation0416167
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0497805
IRS990ScheduleD/OtherLiabilities/Amount015520752
IRS990ScheduleD/OtherLiabilities/Amount1357320
IRS990ScheduleD/OtherLiabilities/Description0MEMBER'S SAVINGS ACCOUNTS
IRS990ScheduleD/OtherLiabilities/Description1REGULAR RESERVES
IRS990ScheduleD/TotalOfAmounts015878072
IRS990ScheduleD/TotalOfBookValueLandBuildings081638
IRS990/ScheduleJRequired00
IRS990ScheduleL/LoanTable/ApprovedByBoard01
IRS990ScheduleL/LoanTable/ApprovedByBoard11
IRS990ScheduleL/LoanTable/ApprovedByBoard21
IRS990ScheduleL/LoanTable/ApprovedByBoard31
IRS990ScheduleL/LoanTable/ApprovedByBoard41
IRS990ScheduleL/LoanTable/ApprovedByBoard51
IRS990ScheduleL/LoanTable/ApprovedByBoard61
IRS990ScheduleL/LoanTable/BalanceDue05505
IRS990ScheduleL/LoanTable/BalanceDue15992
IRS990ScheduleL/LoanTable/BalanceDue214809
IRS990ScheduleL/LoanTable/BalanceDue32135
IRS990ScheduleL/LoanTable/BalanceDue456252
IRS990ScheduleL/LoanTable/BalanceDue52473
IRS990ScheduleL/LoanTable/BalanceDue62472
IRS990ScheduleL/LoanTable/Default00
IRS990ScheduleL/LoanTable/Default10
IRS990ScheduleL/LoanTable/Default20
IRS990ScheduleL/LoanTable/Default30
IRS990ScheduleL/LoanTable/Default40
IRS990ScheduleL/LoanTable/Default50
IRS990ScheduleL/LoanTable/Default60
IRS990ScheduleL/LoanTable/LoanFromOrganization0X
IRS990ScheduleL/LoanTable/LoanFromOrganization1X
IRS990ScheduleL/LoanTable/LoanFromOrganization2X
IRS990ScheduleL/LoanTable/LoanFromOrganization3X
IRS990ScheduleL/LoanTable/LoanFromOrganization4X
IRS990ScheduleL/LoanTable/LoanFromOrganization5X
IRS990ScheduleL/LoanTable/LoanFromOrganization6X
IRS990ScheduleL/LoanTable/NamePerson0LARRY HEGGEDAHL
IRS990ScheduleL/LoanTable/NamePerson1DENNIS JUUSOLA
IRS990ScheduleL/LoanTable/NamePerson2MARILYN ARRO
IRS990ScheduleL/LoanTable/NamePerson3GRETCHEN WAIN
IRS990ScheduleL/LoanTable/NamePerson4SUSAN HUTCHINSON
IRS990ScheduleL/LoanTable/NamePerson5PATRICK BABINSKI
IRS990ScheduleL/LoanTable/NamePerson6DEBRA ARRO
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount011203
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount19029
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount229151
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount311000
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount463500
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount515241
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount65000
IRS990ScheduleL/LoanTable/RelationshipWithOrganization0DIRECTOR
IRS990ScheduleL/LoanTable/RelationshipWithOrganization1DIRECTOR
IRS990ScheduleL/LoanTable/RelationshipWithOrganization2DIRECTOR
IRS990ScheduleL/LoanTable/RelationshipWithOrganization3DIRECTOR
IRS990ScheduleL/LoanTable/RelationshipWithOrganization4DIRECTOR
IRS990ScheduleL/LoanTable/RelationshipWithOrganization5PRESIDENT
IRS990ScheduleL/LoanTable/RelationshipWithOrganization6VICE-PRESIDENT
IRS990ScheduleL/LoanTable/WrittenAgreement01
IRS990ScheduleL/LoanTable/WrittenAgreement11
IRS990ScheduleL/LoanTable/WrittenAgreement21
IRS990ScheduleL/LoanTable/WrittenAgreement31
IRS990ScheduleL/LoanTable/WrittenAgreement41
IRS990ScheduleL/LoanTable/WrittenAgreement51
IRS990ScheduleL/LoanTable/WrittenAgreement61
IRS990ScheduleL/TotalBalanceDue089638
IRS990ScheduleO/GeneralExplanation/Explanation0THE CREDIT UNION IS MADE UP OF MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE GOVERNING BODY IS ELECTED BY THE MEMBERS OF THE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation2DECISIONS OF THE BOARD OF DIRECTORS THAT REQUIRE APPROVAL BY MEMBERS INCLUDE POLICY CHANGES, CHANGE IN TERM LIMITS, AND BY-LAW CHANGES.
IRS990ScheduleO/GeneralExplanation/Explanation3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/GeneralExplanation/Explanation4BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICT. BOARD MEMBERS WITH POTENTIAL CONFLICTS OF INTEREST ARE REQUIRED TO ABSTAIN FROM VOTING ON RELATED MATTERS.
IRS990ScheduleO/GeneralExplanation/Explanation5THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT INCLUDED REVIEW AND APPROVAL OF THE MEMBERS OF THE BOARD OF DIRECTORS BASED ON REVIEW OF SALARIES OF COMPARABLE POSITIONS.
IRS990ScheduleO/GeneralExplanation/Explanation6THE ORGANIZATION MAKES FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation7THE ORGANIZATION'S SUPERVISORY COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
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IRS990/StatesWhereCopyOfReturnIsFiled0MN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10224 W HWY 2
IRS990/TheBooksAreInCareOf/AddressUS/City0FLOODWOOD
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055736
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10PATRICK BABINSKI
IRS990/TheBooksAreInCareOf/TelephoneNumber02184762288
IRS990/TotalAssets/BOY015831683
IRS990/TotalAssetsBOY015831683
IRS990/TotalAssets/EOY018372008
IRS990/TotalAssetsEOY018372008
IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear0617066
IRS990/TotalExpensesPriorYear0668711
IRS990/TotalFunctionalExpenses/Total0617066
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY013400505
IRS990/TotalLiabilitiesBOY013400505
IRS990/TotalLiabilities/EOY015889417
IRS990/TotalLiabilitiesEOY015889417
IRS990/TotalLiabNetAssetsFundBalances/BOY015831683
IRS990/TotalLiabNetAssetsFundBalances/EOY018372008
IRS990/TotalNbrEmployees07
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY02431178
IRS990/TotalNetAssetsFundBalances/EOY02482591
IRS990/TotalOtherCompensation00
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0543409
IRS990/TotalProgramServiceRevenue0559271
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0100406
IRS990/TotalRevenueCurrentYear0668479
IRS990/TotalRevenue/ExclusionAmount00
IRS990/TotalRevenuePriorYear0729702
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0668479
IRS990/TotalRevenue/TotalRevenueColumn0668479
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/Travel/Total08890
IRS990/TypeOfOrganizationOther0X
IRS990/TypeOfOrgOtherDescription0CREDIT UNION
IRS990/UnrelatedBusinessIncome01
IRS990/UponRequest0X
IRS990/WebSite0WWW.FLOODWOODCU.COM
IRS990/WhistleblowerPolicy00
IRS990/YearFormation01937
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/Filer/EIN0410259743
ReturnHeader/Filer/Name/BusinessNameLine10FLOODWOOD AREA CREDIT UNION
ReturnHeader/Filer/NameControl0FLOO
ReturnHeader/Filer/Phone02184762288
ReturnHeader/Filer/USAddress/AddressLine10224 W HIGHWAY 2
ReturnHeader/Filer/USAddress/City0FLOODWOOD
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055736
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-05-15
ReturnHeader/Officer/Name0PATRICK BABINSKI
ReturnHeader/Officer/Phone02184762288
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/Preparer/DatePrepared02013-05-15
ReturnHeader/PreparerFirm/EIN0411308137
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10WIPFLI LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10230 W SUPERIOR ST SUITE 600
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0DULUTH
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode055802
ReturnHeader/Preparer/Name0THOMAS J ELING
ReturnHeader/Preparer/Phone02187224705
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-05-20T15:37:38-05:00

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