Civic Intelligence

Star Choice Credit Union

990 • Fiscal year 2012 • EIN 41-0415875

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

Organization ProfileWWW.STARCHOICECU.ORG

View Organization Page

10750 France Avenue South55431
Siviq Scores

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

Liabilities / Assets

87th percentile

0.92x

Higher debt load relative to assets than 87% of similar nonprofits.

2012 filings • 501(c)14 • $25M-$50M 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

26th percentile

1.1%

Faster asset growth than 26% of similar nonprofits.

2012 filings • 501(c)14 • $25M-$50M 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 / Assets87th percentile

Assets

Up

$44,277,380

Up $489,452 (+1.1%) from 2011

Net Assets

Up

$3,647,135

Up $305,844 (+9.2%) from 2011

Liabilities

Up

$40,630,245

Up $183,608 (+0.5%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$2,078,354

Down $1,174,554 (-36%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$100M$50M$0Assets 2010: $45,770,738Liabilities 2010: $41,640,317Net Assets 2010: $4,130,4212010Assets 2011: $43,787,928Liabilities 2011: $40,446,637Net Assets 2011: $3,341,2912011Assets 2012: $44,277,380Liabilities 2012: $40,630,245Net Assets 2012: $3,647,1352012Assets 2013: $46,182,153Liabilities 2013: $42,110,728Net Assets 2013: $4,071,4252013Assets 2014: $47,129,429Liabilities 2014: $42,972,365Net Assets 2014: $4,157,0642014Assets 2015: $49,187,651Liabilities 2015: $44,909,396Net Assets 2015: $4,278,2552015Assets 2016: $50,936,182Liabilities 2016: $46,487,716Net Assets 2016: $4,448,4662016Assets 2017: $53,879,886Liabilities 2017: $49,067,418Net Assets 2017: $4,812,4682017Assets 2018: $57,221,993Liabilities 2018: $51,993,303Net Assets 2018: $5,228,6902018Assets 2019: $64,237,390Liabilities 2019: $58,682,637Net Assets 2019: $5,554,7532019Assets 2020: $76,538,386Liabilities 2020: $70,710,950Net Assets 2020: $5,827,4362020Assets 2021: $85,416,287Liabilities 2021: $78,881,275Net Assets 2021: $6,535,0122021Assets 2022: $93,655,773Liabilities 2022: $86,758,117Net Assets 2022: $6,897,6562022Assets 2023: $88,586,247Liabilities 2023: $82,064,747Net Assets 2023: $6,521,5002023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2012

Assets$44,277,380
Liabilities$40,630,245
Net Assets$3,647,135
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $3,023,3542010Expenses 2011: $3,252,9082011Expenses 2012: $2,078,3542012Revenue 2013: $2,379,472Expenses 2013: $1,955,182Net Income 2013: $424,2902013Revenue 2014: $2,434,169Expenses 2014: $2,348,530Net Income 2014: $85,6392014Revenue 2015: $2,360,340Expenses 2015: $2,239,149Net Income 2015: $121,1912015Revenue 2016: $2,473,626Expenses 2016: $2,303,415Net Income 2016: $170,2112016Revenue 2017: $2,702,871Expenses 2017: $2,338,869Net Income 2017: $364,0022017Revenue 2018: $2,947,849Expenses 2018: $2,531,627Net Income 2018: $416,2222018Revenue 2019: $3,135,361Expenses 2019: $2,809,298Net Income 2019: $326,0632019Revenue 2020: $3,026,403Expenses 2020: $2,753,720Net Income 2020: $272,6832020Revenue 2021: $3,369,972Expenses 2021: $2,662,396Net Income 2021: $707,5762021Revenue 2022: $3,513,010Expenses 2022: $3,150,366Net Income 2022: $362,6442022Revenue 2023: $3,634,217Expenses 2023: $3,971,988Net Income 2023: -$337,7712023Revenue 2024: $660,286Expenses 2024: $3,105,425Net Income 2024: -$2,445,1392024

Highlighted filing

2012

Revenue-
Expenses$2,078,354
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
$2,536,450
Mission and Program Overview

Mission

To provide lending, saving and other financial services to its qualifying members at terms generally better than available in the marketplace and with a "service-based emphasis" that recognizes the members' status as "owners".

Major Activities

Activity 2
Providing savings deposit services, originating new loans and servicing the loan portfolio for members.
Activity 3
Recording member account activity and providing access to members to their accounts via home banking, atm networks and in person at the credit union offices.
Filing and Contact Details

Filer

EIN
41-0415875
Raw XML Appendix388 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/BOY0303713
IRS990/AccountsPayableAccruedExpenses/EOY0181743
IRS990/AccountsReceivable/BOY0196116
IRS990/AccountsReceivable/EOY0189775
IRS990/ActivitiesConductedPartnership00
IRS990/Activity2/Description0PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.
IRS990/Activity3/Description0RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS AND IN PERSON AT THE CREDIT UNION OFFICES.
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.
IRS990/AddressPrincipalOfficerUS/AddressLine1010750 FRANCE AVENUE SOUTH
IRS990/AddressPrincipalOfficerUS/City0BLOOMINGTON
IRS990/AddressPrincipalOfficerUS/State0MN
IRS990/AddressPrincipalOfficerUS/ZIPCode055431
IRS990/Advertising/Total071522
IRS990/AllOtherExpenses/Total014231
IRS990/AnnualDisclosureCoveredPersons01
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY0137011
IRS990/BenefitsPaidToMembersPriorYear0206018
IRS990/BenefitsToMembers/Total0137011
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CapStckTrstPrinCurrentFunds/BOY00
IRS990/CapStckTrstPrinCurrentFunds/EOY00
IRS990/CashNonInterestBearing/BOY0456701
IRS990/CashNonInterestBearing/EOY0442726
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompCurrentOfficersDirectors/Total0127556
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO01
IRS990/CompensationProcessOther00
IRS990/ComplianceWithBackupWitholding01
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt00
IRS990/ContributionsGrantsCurrentYear00
IRS990/ContributionsGrantsPriorYear00
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval01
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/Total097810
IRS990/DescribedIn501C300
IRS990/Description0DIVIDENDS PAID TO APPROXIMATELY 5,482 MEMBERS ON APPROXIMATELY 5,482 ACCOUNTS.
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy01
IRS990/DonorAdvisedFunds00
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers01
IRS990/EmploymentTaxReturnsFiled01
IRS990/FamilyOrBusinessRelationship00
IRS990/FederalGrantAuditRequired00
IRS990/FeesForServicesLegal/Total04142
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek00.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek10.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek20.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek30.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek40.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek50.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek60.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek70.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek80.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek940.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector7X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector8X
IRS990/Form990PartVIISectionA/NamePerson0MIKE FELIEN
IRS990/Form990PartVIISectionA/NamePerson1RICK BUTLER
IRS990/Form990PartVIISectionA/NamePerson2DAN GANLEY
IRS990/Form990PartVIISectionA/NamePerson3TERESA CORNELLISON
IRS990/Form990PartVIISectionA/NamePerson4KEITH HUSO
IRS990/Form990PartVIISectionA/NamePerson5MARY ST MARY
IRS990/Form990PartVIISectionA/NamePerson6MARK SCHREINER
IRS990/Form990PartVIISectionA/NamePerson7VANESSA WILSON
IRS990/Form990PartVIISectionA/NamePerson8LYNN LETTOW
IRS990/Form990PartVIISectionA/NamePerson9DANIEL CHRISTIANSEN
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation70
IRS990/Form990PartVIISectionA/OtherCompensation80
IRS990/Form990PartVIISectionA/OtherCompensation911816
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization0360
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization1360
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization2360
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization3330
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization4360
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization5360
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization6360
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization7360
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization8360
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization9112530
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/Title0CHAIR
IRS990/Form990PartVIISectionA/Title11ST VICE CHAIR
IRS990/Form990PartVIISectionA/Title22ND VICE CHAIR
IRS990/Form990PartVIISectionA/Title3BOARD MEMBER
IRS990/Form990PartVIISectionA/Title4BOARD MEMBER
IRS990/Form990PartVIISectionA/Title5BOARD MEMBER
IRS990/Form990PartVIISectionA/Title6BOARD MEMBER
IRS990/Form990PartVIISectionA/Title7BOARD MEMBER
IRS990/Form990PartVIISectionA/Title8SECRETARY
IRS990/Form990PartVIISectionA/Title9PRESIDENT
IRS990/Form990ProvidedToGoverningBody00
IRS990/Form990-TFiled01
IRS990/FormersListed00
IRS990/FSAudited00
IRS990/FundraisingActivities00
IRS990/GainOrLoss/Other0-3587
IRS990/Gaming00
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossAmountSalesAssets/Other0148665
IRS990/GrossReceipts02536450
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt00
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/InformationTechnology/Total0151924
IRS990/InvestmentIncomeCurrentYear05526
IRS990/InvestmentIncome/ExclusionAmount09113
IRS990/InvestmentIncomePriorYear052807
IRS990/InvestmentIncome/TotalRevenueColumn09113
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsProgramRelated/BOY0343281
IRS990/InvestmentsProgramRelated/EOY0433281
IRS990/LandBldgEquipmentAccumDeprec01065012
IRS990/LandBuildingsEquipmentBasis03670455
IRS990/LandBuildingsEquipmentBasisNet/BOY02697783
IRS990/LandBuildingsEquipmentBasisNet/EOY02605443
IRS990/LessCostOthBasisSalesExpenses/Other0152252
IRS990/LoanToOfficerOrDQP00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders01
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0TO PROVIDE LENDING, SAVING AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A "SERVICE-BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS "OWNERS".
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0DANIEL CHRISTIANSEN
IRS990/NbrIndependentVotingMembers09
IRS990/NbrVotingGoverningBodyMembers09
IRS990/NbrVotingMembersGoverningBody09
IRS990/NetAssetsOrFundBalancesBOY03341291
IRS990/NetAssetsOrFundBalancesEOY03647135
IRS990/NetGainOrLossInvestments/ExclusionAmount0-3587
IRS990/NetGainOrLossInvestments/TotalRevenueColumn0-3587
IRS990/NetUnrelatedBusinessTxblIncome0-36
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith109601394
IRS990/NumberIndependentVotingMembers09
IRS990/NumberIndividualsGT100K01
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees021
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Total0101857
IRS990/OfficeExpenses/Total0141432
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY0603769
IRS990/OtherAssetsTotal/EOY0663390
IRS990/OtherEmployeeBenefits/Total051967
IRS990/OtherExpensePriorYear02212867
IRS990/OtherExpensesCurrentYear01142063
IRS990/OtherExpenses/Description0PROFESSIONAL AND OUTSID
IRS990/OtherExpenses/Description1LOAN SERVICING EXPENSE
IRS990/OtherExpenses/Description2CORPORATE FUND ASSESSME
IRS990/OtherExpenses/Description3PROVISION FOR LOAN LOSS
IRS990/OtherExpenses/Total0269693
IRS990/OtherExpenses/Total1186477
IRS990/OtherExpenses/Total238756
IRS990/OtherExpenses/Total334500
IRS990/OtherLiabilities/BOY040142924
IRS990/OtherLiabilities/EOY040448502
IRS990/OtherNotesLoansReceivableNet/BOY035637611
IRS990/OtherNotesLoansReceivableNet/EOY036241560
IRS990/OtherRevenueCurrentYear00
IRS990/OtherRevenuePriorYear00
IRS990/OtherSalariesAndWages/Total0509763
IRS990/PaidInCapSrplsLandBldgEqpFund/BOY00
IRS990/PaidInCapSrplsLandBldgEqpFund/EOY00
IRS990/PartialLiquidation00
IRS990/PayrollTaxes/Total079360
IRS990/PensionPlanContributions/Total030634
IRS990/PoliticalActivities00
IRS990/PrepaidExpensesDeferredCharges/BOY068160
IRS990/PrepaidExpensesDeferredCharges/EOY051240
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0900099
IRS990/ProgramServiceRevenue/BusinessCode1524298
IRS990/ProgramServiceRevenue/BusinessCode2522100
IRS990/ProgramServiceRevenueCY02378672
IRS990/ProgramServiceRevenue/Description0LOAN INTEREST
IRS990/ProgramServiceRevenue/Description1OTHER INCOME
IRS990/ProgramServiceRevenue/Description2FEES AND CHARGES
IRS990/ProgramServiceRevenuePriorYear02410971
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome01863001
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome1304063
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome2203950
IRS990/ProgramServiceRevenue/TotalRevenueColumn01863001
IRS990/ProgramServiceRevenue/TotalRevenueColumn1304063
IRS990/ProgramServiceRevenue/TotalRevenueColumn2211608
IRS990/ProgramServiceRevenue/UnrelatedBusinessRevenue07658
IRS990/ProhibitedTaxShelterTrans00
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses0305844
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/RetainedEarningsEndowmentEtc/BOY03341291
IRS990/RetainedEarningsEndowmentEtc/EOY03647135
IRS990/RevenuesLessExpensesCY0305844
IRS990/RevenuesLessExpensesPriorYear0-789130
IRS990/SalariesEtcCurrentYear0799280
IRS990/SalariesEtcPriorYear0834023
IRS990/SavingsAndTempCashInvestments/BOY03784507
IRS990/SavingsAndTempCashInvestments/EOY03649965
IRS990/ScheduleBRequired00
IRS990ScheduleD/Buildings/BookValue01439257
IRS990ScheduleD/Buildings/Depreciation0177958
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis01617215
IRS990ScheduleD/Equipment/BookValue0183669
IRS990ScheduleD/Equipment/Depreciation0725839
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis0909508
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0PART X: AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF JUNE 30. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. PER FOOTNOTE 1 IN THE CREDIT UNION'S JUNE 30, 2012 FINANCIAL STATEMENTS, THE CREDIT UNION IS EXEMPT, UNDER 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 IN THE PAST FOR ACTIVITIES THEY HAVE DEEMED TAXABLE AND HAS MINIMAL NET OPERATING LOSS CARRYFORWARD, EXPIRING OVER THE NEXT 20 YEARS, AS OF THE 2011 CALENDAR YEAR. 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 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 JUNE 30, 2012 AND 2011. THE CREDIT UNION'S 2008 THROUGH 2011 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/Land/BookValue0982517
IRS990ScheduleD/Land/OtherCostOrOtherBasis0982517
IRS990ScheduleD/LeaseholdImprovements/BookValue00
IRS990ScheduleD/LeaseholdImprovements/Depreciation0161215
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis0161215
IRS990ScheduleD/OtherLiabilities/Amount09102161
IRS990ScheduleD/OtherLiabilities/Amount111886196
IRS990ScheduleD/OtherLiabilities/Amount27167549
IRS990ScheduleD/OtherLiabilities/Amount37825990
IRS990ScheduleD/OtherLiabilities/Amount43078285
IRS990ScheduleD/OtherLiabilities/Amount51388321
IRS990ScheduleD/OtherLiabilities/Description0SHARE DRAFTS
IRS990ScheduleD/OtherLiabilities/Description1REGULAR SHARES
IRS990ScheduleD/OtherLiabilities/Description2MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilities/Description3SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilities/Description4IRA/KEOGH ACCOUNTS
IRS990ScheduleD/OtherLiabilities/Description5OTHER SHARES
IRS990ScheduleD/TotalOfAmounts040448502
IRS990ScheduleD/TotalOfBookValueLandBuildings02605443
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 5,500 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 AND SUPERVISORY COMMITTEE FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. 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/Explanation2ANY CHANGES TO BYLAWS REQUIRE APPROVAL BY MEMBERSHIP.
IRS990ScheduleO/GeneralExplanation/Explanation3PRIOR TO BEING FILED WITH THE IRS, A COPY OF THE IRS FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE PRESIDENT/CEO. UPON COMPLETION OF THE PRESIDENT'S REVIEW, THE FORMS ARE REVIEWED AND VOTED ON AT THE NEXT BOARD MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation4BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO LOANS, BUSINESS RELATIONSHIPS, AND FAMILY MEMBERS THAT COULD, OR DO, CREATE A CONFLICT OF INTEREST.
IRS990ScheduleO/GeneralExplanation/Explanation5THE PROCESS USED TO SET THE CEO'S ANNUAL SALARY IS BASED ON A COMPARISON TO COMPARABLE SIZED CREDIT UNIONS THROUGH USE OF CUNA'S ANNUAL COMPENSATION SURVEY. THE PROCESS IS PERFORMED BY A SUBCOMMITTEE OF THE BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation6THE CREDIT UNION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH POSTING ON THE NCUA WEBSITE. IN ADDITION, THESE DOCUMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation7AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF JUNE 30. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990.
IRS990ScheduleO/GeneralExplanation/Explanation8THE SUPERVISORY COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
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 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XII, LINE 2A AND 2B:
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 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/AddressLine10425 PORTLAND AVENUE
IRS990/TheBooksAreInCareOf/AddressUS/City0MINNEAPOLIS
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055488
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10GREG JORGENSEN
IRS990/TheBooksAreInCareOf/TelephoneNumber06122388393
IRS990/TotalAssets/BOY043787928
IRS990/TotalAssetsBOY043787928
IRS990/TotalAssets/EOY044277380
IRS990/TotalAssetsEOY044277380
IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear02078354
IRS990/TotalExpensesPriorYear03252908
IRS990/TotalFunctionalExpenses/Total02078354
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI07658
IRS990/TotalLiabilities/BOY040446637
IRS990/TotalLiabilitiesBOY040446637
IRS990/TotalLiabilities/EOY040630245
IRS990/TotalLiabilitiesEOY040630245
IRS990/TotalLiabNetAssetsFundBalances/BOY043787928
IRS990/TotalLiabNetAssetsFundBalances/EOY044277380
IRS990/TotalNbrEmployees021
IRS990/TotalNbrVolunteers012
IRS990/TotalNetAssetsFundBalances/BOY03341291
IRS990/TotalNetAssetsFundBalances/EOY03647135
IRS990/TotalOtherCompensation011816
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue02378672
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0115740
IRS990/TotalRevenueCurrentYear02384198
IRS990/TotalRevenue/ExclusionAmount05526
IRS990/TotalRevenuePriorYear02463778
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome02371014
IRS990/TotalRevenue/TotalRevenueColumn02384198
IRS990/TotalRevenue/UnrelatedBusinessRevenue07658
IRS990/Travel/Total029719
IRS990/TypeOfOrganizationOther0X
IRS990/TypeOfOrgOtherDescription0CU
IRS990/UnrelatedBusinessIncome01
IRS990/UponRequest0X
IRS990/WebSite0WWW.STARCHOICECU.ORG
IRS990/WhistleblowerPolicy00
IRS990/YearFormation01931
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0410415875
ReturnHeader/Filer/Name/BusinessNameLine10STAR CHOICE CREDIT UNION
ReturnHeader/Filer/NameControl0STAR
ReturnHeader/Filer/Phone06126987228
ReturnHeader/Filer/USAddress/AddressLine1010750 FRANCE AVENUE SOUTH
ReturnHeader/Filer/USAddress/City0BLOOMINGTON
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055431
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-04-29
ReturnHeader/Officer/Name0DANIEL CHRISTIANSEN
ReturnHeader/Officer/Phone06126987228
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/PreparerFirm/EIN0410746749
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10PO BOX 217
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0AUSTIN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode055912
ReturnHeader/Preparer/Name0RICHARD J GABRIELSON
ReturnHeader/Preparer/Phone05074347000
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-05-08T08:54:16-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$44,277,380
Liabilities
$40,630,245
Net assets
$3,647,135
Revenue
-
Expenses
$2,078,354
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.66$3.11$2.45
2023Detailed filing. Detailed filing data is available for this year.$88.6$82.1$6.52$3.63$3.97$0.34
2022Detailed filing. Detailed filing data is available for this year.$93.7$86.8$6.90$3.51$3.15$0.36
2021Detailed filing. Detailed filing data is available for this year.$85.4$78.9$6.54$3.37$2.66$0.71
2020Detailed filing. Detailed filing data is available for this year.$76.5$70.7$5.83$3.03$2.75$0.27
2019Detailed filing. Detailed filing data is available for this year.$64.2$58.7$5.55$3.14$2.81$0.33
2018Detailed filing. Detailed filing data is available for this year.$57.2$52.0$5.23$2.95$2.53$0.42
2017Detailed filing. Detailed filing data is available for this year.$53.9$49.1$4.81$2.70$2.34$0.36
2016Detailed filing. Detailed filing data is available for this year.$50.9$46.5$4.45$2.47$2.30$0.17
2015Detailed filing. Detailed filing data is available for this year.$49.2$44.9$4.28$2.36$2.24$0.12
2014Detailed filing. Detailed filing data is available for this year.$47.1$43.0$4.16$2.43$2.35$0.09
2013Detailed filing. Detailed filing data is available for this year.$46.2$42.1$4.07$2.38$1.96$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.3$40.6$3.65$2.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.8$40.4$3.34$3.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.8$41.6$4.13$3.02