Civic Intelligence

Accentra Credit Union

990 • Fiscal year 2012 • EIN 41-0319960

Jan 01, 2012 to Dec 31, 2012 • Filed on May 13, 2013

Organization ProfileWWW.ACCENTRACU.ORG

View Organization Page

400 4th Avenue NE PO Box 65755912
Siviq Scores

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

Liabilities / Assets

79th percentile

0.92x

Higher debt load relative to assets than 79% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M 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

67th percentile

7.1%

Faster asset growth than 67% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M 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 / Assets79th percentile

Assets

Up

$114,173,380

Up $7,530,510 (+7.1%) from 2011

Net Assets

Up

$9,520,150

Up $255,371 (+2.8%) from 2011

Liabilities

Up

$104,653,230

Up $7,275,139 (+7.5%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$5,151,596

Down $274,765 (-5.1%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$300M$200M$100M$0Assets 2010: $104,037,516Liabilities 2010: $94,736,934Net Assets 2010: $9,300,5822010Assets 2011: $106,642,870Liabilities 2011: $97,378,091Net Assets 2011: $9,264,7792011Assets 2012: $114,173,380Liabilities 2012: $104,653,230Net Assets 2012: $9,520,1502012Assets 2013: $111,945,216Liabilities 2013: $102,355,075Net Assets 2013: $9,590,1412013Assets 2014: $114,135,911Liabilities 2014: $104,179,201Net Assets 2014: $9,956,7102014Assets 2015: $123,951,997Liabilities 2015: $113,271,555Net Assets 2015: $10,680,4422015Assets 2016: $127,729,054Liabilities 2016: $116,533,039Net Assets 2016: $11,196,0152016Assets 2017: $134,685,273Liabilities 2017: $122,758,565Net Assets 2017: $11,926,7082017Assets 2018: $139,505,104Liabilities 2018: $126,664,869Net Assets 2018: $12,840,2352018Assets 2019: $142,245,698Liabilities 2019: $128,238,962Net Assets 2019: $14,006,7362019Assets 2020: $167,522,063Liabilities 2020: $152,122,057Net Assets 2020: $15,400,0062020Assets 2021: $188,112,891Liabilities 2021: $171,521,979Net Assets 2021: $16,590,9122021Assets 2022: $198,460,275Liabilities 2022: $184,726,284Net Assets 2022: $13,733,9912022Assets 2023: $200,358,912Liabilities 2023: $185,264,379Net Assets 2023: $15,094,5332023Assets 2024: $200,225,953Liabilities 2024: $183,609,876Net Assets 2024: $16,616,0772024

Highlighted filing

2012

Assets$114,173,380
Liabilities$104,653,230
Net Assets$9,520,150
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0Expenses 2010: $6,045,2712010Expenses 2011: $5,426,3612011Expenses 2012: $5,151,5962012Revenue 2013: $5,266,808Expenses 2013: $5,007,733Net Income 2013: $259,0752013Revenue 2014: $5,236,084Expenses 2014: $4,885,215Net Income 2014: $350,8692014Revenue 2015: $5,655,974Expenses 2015: $5,029,095Net Income 2015: $626,8792015Revenue 2016: $6,030,321Expenses 2016: $5,475,591Net Income 2016: $554,7302016Revenue 2017: $6,359,289Expenses 2017: $5,677,760Net Income 2017: $681,5292017Revenue 2018: $6,896,213Expenses 2018: $5,856,832Net Income 2018: $1,039,3812018Revenue 2019: $7,341,236Expenses 2019: $6,384,876Net Income 2019: $956,3602019Revenue 2020: $7,162,544Expenses 2020: $5,972,419Net Income 2020: $1,190,1252020Revenue 2021: $8,130,669Expenses 2021: $6,096,039Net Income 2021: $2,034,6302021Revenue 2022: $8,387,451Expenses 2022: $7,430,806Net Income 2022: $956,6452022Revenue 2023: $9,887,726Expenses 2023: $9,272,823Net Income 2023: $614,9032023Revenue 2024: $11,278,771Expenses 2024: $9,977,437Net Income 2024: $1,301,3342024

Highlighted filing

2012

Revenue-
Expenses$5,151,596
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 13, 2013
Return Version
2012v2.1
Gross Receipts
$5,398,973
Mission and Program Overview

Mission

To 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.

Filing and Contact Details

Filer

EIN
41-0319960
Raw XML AppendixShowing 400 of 447 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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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0PART X: AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF MARCH 31. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. PER FOOTNOTE 1 IN THE CREDIT UNION'S MARCH 31, 2012 FINANCIAL STATEMENTS,THE CREDIT UNION IS EXEMPT, UNDER IRC SECTION 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 IN THE PAST FOR ACTIVITIES THEY HAVE DEEMED TAXABLE AND HAS A MINIMAL NET OPERATING LOSS CARRYFORWARD. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN IS 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 ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. AS A RESULT, THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF MARCH 31, 2012 AND 2011. THE CREDIT UNION'S 2008 AND SUBSEQUENT YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
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IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleJ/WrittenEmploymentContract0X
IRS990ScheduleO/GeneralExplanation/Explanation0THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 12,400 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS, WITH THE EXCEPTION OF THE MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. THE BOARD OF DIRECTORS APPOINT VOLUNTEERS TO SERVE ON THE SUPERVISORY COMMITTEE, WHICH IS VESTED WITH MONITORING SAFETY AND SOUNDSHIP OF THE ORGANIZATION. IF DEEMED APPROPRIATE, THE SUPERVISORY COMMITTEE CAN SUSPEND BOARD MEMBERS AND CAN CALL A SPECIAL MEETING OF THE MEMBERSHIP TO EVALUATE THE ISSUE AND VOTE TO EITHER DISMISS OR REINSTATE THE BOARD MEMBER.
IRS990ScheduleO/GeneralExplanation/Explanation2CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS) MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY. APPROVAL OCCURS WHEN AT LEAST TWO-THIRDS OF THE MEMBER-OWNERS THAT VOTE DO VOTE TO APPROVE.
IRS990ScheduleO/GeneralExplanation/Explanation3THE 990 IS REVIEWED BY APPROPRIATE OFFICERS PRIOR TO FILING. IT IS ALSO REVIEWED BY THE SUPERVISORY COMMITTEE AFTER FILING.
IRS990ScheduleO/GeneralExplanation/Explanation4REVIEW OF VENDOR INVOICES AND TRANSACTIONS TO MONITOR COMPLIANCE TO THE POLICY. ALL STAFF AND BOARD ARE SUBJECT TO THIS POLICY. IF THERE IS A CONFLICT, IT IS PRESENTED TO SENIOR MANAGEMENT AND BUSINESS ACTIVITY WOULD CEASE.
IRS990ScheduleO/GeneralExplanation/Explanation5A COMMITTEE COMPRISED OF BOARD MEMBERS ANNUALLY REVIEWS, RESEARCHES, AND THEN RECOMMENDS THE AMOUNT OF CEO COMPENSATION. THIS AMOUNT IS APPROVED BY THE BOARD OF DIRECTORS AND IS ALSO MADE AVAILABLE TO EXAMINERS AND AUDITORS FOR THEIR REVIEW DURING EXAMS AND AUDITS. THE CREDIT UNION HAS A COMPENSATION POLICY THAT SETS GUIDELINES TO BE FOLLOWED FOR STAFF COMPENSATION. THE CU USES INDUSTRY SALARY AND BENEFIT COMPARISON REPORTS OBTAINED IN REVIEWING PROPER COMPENSATION LEVELS FOR OFFICERS AND KEY EMPLOYEES. ALL CHANGES TO COMPENSATION ARE RECORDED ON A FORM AND SUBMITTED FOR APPROVAL AND REVIEW BY THE CEO AND HR DEPARTMENT. PERIODIC REVIEWS HAVE BEEN DONE IN THE PAST BY A 3RD PARTY COMPANY SPECIALIZING IN COMPENSATION THAT WAS CONTRACTED TO GATHER INFORMATION AND RECOMMENDATIONS ON THE COMPENSATION LEVELS.
IRS990ScheduleO/GeneralExplanation/Explanation6THE CREDIT UNION'S BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH POSTING IN THE CREDIT UNION'S OFFICE OR CAN BE REVIEWED BY APPOINTMENT.
IRS990ScheduleO/GeneralExplanation/Explanation7CHANGE IN UNREALIZED GAIN/LOSS ON INVESTMENTS 43,994.
IRS990ScheduleO/GeneralExplanation/Explanation8THE AUDIT WAS DONE AS OF 3/31. THEREFORE, THE REPORTING PERIOD FOR THE AUDIT DOES NOT MATCH THE REPORTING PERIOD FOR THE 990.
IRS990ScheduleO/GeneralExplanation/Explanation9THE SUPERVISORY COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/Identifier1AUDITED FINANCIAL STATEMENTS
IRS990ScheduleO/GeneralExplanation/Identifier2AUDIT OVERSIGHT
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
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART XII, LINE 2B
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990, PART XII, LINE 2C
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10400 4TH AVE NE PO BOX 657
IRS990/TheBooksAreInCareOf/AddressUS/City0AUSTIN
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055912
IRS990/TheBooksAreInCareOf/NamePerson0MICHEL CASE
IRS990/TheBooksAreInCareOf/TelephoneNumber05074343325
IRS990/TotalAssets/BOY0106642870
IRS990/TotalAssetsBOY0106642870
IRS990/TotalAssets/EOY0114173380
IRS990/TotalAssetsEOY0114173380
IRS990/TotalCompGT150K01
IRS990/TotalExpensesCurrentYear05151596
IRS990/TotalExpensesPriorYear05426361
IRS990/TotalFunctionalExpenses/Total05151596
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI09318
IRS990/TotalLiabilities/BOY097378091
IRS990/TotalLiabilitiesBOY097378091
IRS990/TotalLiabilities/EOY0104653230
IRS990/TotalLiabilitiesEOY0104653230
IRS990/TotalLiabNetAssetsFundBalances/BOY0106642870
IRS990/TotalLiabNetAssetsFundBalances/EOY0114173380
IRS990/TotalNbrEmployees049
IRS990/TotalNbrVolunteers08
IRS990/TotalNetAssetsFundBalances/BOY09264779
IRS990/TotalNetAssetsFundBalances/EOY09520150
IRS990/TotalOtherCompensation038359

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
$114,173,380
Liabilities
$104,653,230
Net assets
$9,520,150
Revenue
-
Expenses
$5,151,596
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$200$184$16.6$11.3$9.98$1.30
2023Detailed filing. Detailed filing data is available for this year.$200$185$15.1$9.89$9.27$0.61
2022Detailed filing. Detailed filing data is available for this year.$198$185$13.7$8.39$7.43$0.96
2021Detailed filing. Detailed filing data is available for this year.$188$172$16.6$8.13$6.10$2.03
2020Detailed filing. Detailed filing data is available for this year.$168$152$15.4$7.16$5.97$1.19
2019Detailed filing. Detailed filing data is available for this year.$142$128$14.0$7.34$6.38$0.96
2018Detailed filing. Detailed filing data is available for this year.$140$127$12.8$6.90$5.86$1.04
2017Detailed filing. Detailed filing data is available for this year.$135$123$11.9$6.36$5.68$0.68
2016Detailed filing. Detailed filing data is available for this year.$128$117$11.2$6.03$5.48$0.55
2015Detailed filing. Detailed filing data is available for this year.$124$113$10.7$5.66$5.03$0.63
2014Detailed filing. Detailed filing data is available for this year.$114$104$9.96$5.24$4.89$0.35
2013Detailed filing. Detailed filing data is available for this year.$112$102$9.59$5.27$5.01$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$105$9.52$5.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$97.4$9.26$5.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$104$94.7$9.30$6.05