Civic Intelligence

Star Choice Credit Union

990 • Fiscal year 2016 • EIN 41-0415875

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 21, 2017

Organization ProfileWWW.STARCHOICECU.ORG

View Organization Page

10750 France Ave SouthBloomington, MN 55431

(952) 698-7233

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.91x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

47th percentile

18.79x

Higher debt load relative to revenue than 47% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

43rd percentile

6.9%

Higher net margin than 43% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

57th percentile

$141,062

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

47th percentile

3.6%

Faster asset growth than 47% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

4.8%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$50,936,182

Up $1,748,531 (+3.6%) from 2015

Net Assets

Up

$4,448,466

Up $170,211 (+4.0%) from 2015

Liabilities

Up

$46,487,716

Up $1,578,320 (+3.5%) from 2015

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin43rd percentile

Revenue

Up

$2,473,626

Up $113,286 (+4.8%) from 2015

Expenses

Up

$2,303,415

Up $64,266 (+2.9%) from 2015

Net Income

Up

$170,211

Up $49,020 (+40%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2016

Assets$50,936,182
Liabilities$46,487,716
Net Assets$4,448,466
Open 2016 Filing

Operations Trend

Revenue Growth56th percentile

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

2016

Revenue$2,473,626
Expenses$2,303,415
Net Income$170,211
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 21, 2017
Return Version
2016v3.0
Gross Receipts
$2,527,425
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$40,784,334$43,840,066▲ $3,055,732
Rtn Earn Endowment Incm Other Fnds$4,278,255$4,448,466▲ $170,211
Savings and Temporary Cash Investments$4,416,332$3,487,474▼ $928,858
Land, Buildings, and Equipment, Net$2,446,187$2,348,524▼ $97,663
Cash and Non-Interest-Bearing Accounts$387,207$311,991▼ $75,216
Prepaid Expenses and Deferred Charges$152,780$265,734▲ $112,954
Investments Program Related$433,281$90,000▼ $343,281
Pledges and Grants Receivable$13,104$13,029▼ $75
Total Assets$49,187,651$50,936,182▲ $1,748,531
Other Assets Total$554,426$579,364▲ $24,938
Liabilities
Other Liabilities$44,676,472$46,068,549▲ $1,392,077
Accounts Payable and Accrued Expenses$231,149$415,683▲ $184,534
Escrow Account Liability$1,775$3,484▲ $1,709
Total Liabilities$44,909,396$46,487,716▲ $1,578,320
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,278,255$4,448,466▲ $170,211
Total Liabilities and Net Assets / Fund Balance$49,187,651$50,936,182▲ $1,748,531

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,202,178$422,683$1,624,861
Land$982,517-$982,517
Equipment$163,829$242,161$405,990
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel ChistiansenPresidentFT$127,219$13,843$141,062
Scott OlsonVice PresideFT$85,278$21,366$106,644
Greg JorgensenCFOFT$59,275$30,100$89,375
Dan GanleyBoard Member--$480$480
Keith HusoSecretary--$480$480
LIAM O'DEAVice Chair--$480$480
Lindsey OlsonBoard Member--$480$480
Lynn LettowBoard Chair--$480$480
Mary St MaryBoard Member--$480$480
Mike FelienBoard Member--$480$480
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,442,690
Investment Income
$21,511
Other Revenue
$9,425
Change in Net Assets
$170,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,440,180
Salaries, Compensation, and Employee Benefits$863,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$682,264
Other Salaries and Wages---$432,488
Current Officers, Directors, Trustees, and Key Employees---$271,772
Information Technology---$202,824
Depreciation Depletion---$101,752
Occupancy---$81,093
Other Employee Benefits---$67,745
Payroll Taxes---$51,030
Other Expenses---$47,767
Pension Plan Contributions---$40,200
Advertising---$37,259
Insurance---$25,679
Fees for Services Other---$21,595
Travel---$16,661
Conferences and Meetings---$996
Fees for Services Legal---$128
Interest---$62
Total Functional Expenses$0$0$0$2,303,415
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$46,072,033
Escrow Accts to Line 21$-3,484
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

“The by-laws were changed to reduce the number of board members from nine to seven.”

Form 990, Page 6, Part VI, Line 6

“The organization has members. To be a member one must have a share (savings) account at the credit union.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the credit union members. Each member has one vote.”

Form 990, Page 6, Part VI, Line 7B

“A 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 our bylaws. Each member has one vote.”

Form 990, Page 6, Part VI, Line 11B

“Cfo provides the data to independent cpa who prepares the 990. Cfo reviews the return for accuracy, and then authorizes cpa to e-file the approved return.”

Form 990, Page 6, Part VI, Line 12C

“The board and staff review the conflict of interest policy annually, and sign off that they have reviewed the policy.”

Form 990, Page 6, Part VI, Line 15A

“The president's compensation is determined by the personnel committee using peer salary survey information. The compensation is approved by the full board of directors.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available by request.”

Filing and Contact Details

Filer

Filer Name
Star Choice Credit Union
EIN
41-0415875
Phone
9526987233
Address
10750 FRANCE AVE SOUTH, BLOOMINGTON, MN 55431

Signing Officer

Name
Greg Jorgensen
Title
CFO
Phone
9526987233
Signed
2017-03-21

Organization Details

Principal Officer
Daniel Chistiansen
Formed
1931
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
16
Volunteers
10

Preparer

Preparer
Brent Wookey
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“The credit union holds funds in escrow accounts for property taxes and homeowners insurance related to mortgage loans.”

Raw XML Appendix367 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0231149
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0415683
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO 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/AdvertisingGrp/TotalAmt037259
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0GREG JORGENSEN
IRS990/BooksInCareOfDetail/PhoneNum09526987233
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010750 FRANCE AVE SOUTH
IRS990/BooksInCareOfDetail/USAddress/CityNm0BLOOMINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055431
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0387207
IRS990/CashNonInterestBearingGrp/EOYAmt0311991
IRS990/ChangeToOrgDocumentsInd0true
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0271772
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt0996
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt021511
IRS990/CYOtherExpensesAmt01440180
IRS990/CYOtherRevenueAmt09425
IRS990/CYProgramServiceRevenueAmt02442690
IRS990/CYRevenuesLessExpensesAmt0170211
IRS990/CYSalariesCompEmpBnftPaidAmt0863235
IRS990/CYTotalExpensesAmt02303415
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02473626
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0101752
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 577 NEW DEPOSIT ACCOUNTS IN 2016. AS OF 12/31/16 WE HAD 6,385 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt016
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt01775
IRS990/EscrowAccountLiabilityGrp/EOYAmt03484
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesLegalGrp/TotalAmt0128
IRS990/FeesForServicesOtherGrp/TotalAmt021595
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt6480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt713843
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt821366
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt930100
IRS990/Form990PartVIISectionAGrp/PersonNm0LYNN LETTOW
IRS990/Form990PartVIISectionAGrp/PersonNm1LIAM O'DEA
IRS990/Form990PartVIISectionAGrp/PersonNm2KEITH HUSO
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY ST MARY
IRS990/Form990PartVIISectionAGrp/PersonNm4DAN GANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm5LINDSEY OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm6MIKE FELIEN
IRS990/Form990PartVIISectionAGrp/PersonNm7DANIEL CHISTIANSEN
IRS990/Form990PartVIISectionAGrp/PersonNm8SCOTT OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm9GREG JORGENSEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7127219
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt885278
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt959275
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01931
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-5048
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt048751
IRS990/GrossReceiptsAmt02527425
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0202824
IRS990/InsuranceGrp/TotalAmt025679
IRS990/InterestGrp/TotalAmt062
IRS990/InvestmentIncomeGrp/ExclusionAmt026559
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt026559
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0433281
IRS990/InvestmentsProgramRelatedGrp/EOYAmt090000
IRS990/IRPDocumentCnt01197
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0664844
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02446187
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02348524
IRS990/LandBldgEquipCostOrOtherBssAmt03013368
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt053799
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO 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/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04278255
IRS990/NetAssetsOrFundBalancesEOYAmt04448466
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-5048
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-5048
IRS990/NetUnrelatedBusTxblIncmAmt0-6524
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt081093
IRS990/OfficeExpensesGrp/TotalAmt0682264
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0554426
IRS990/OtherAssetsTotalGrp/EOYAmt0579364
IRS990/OtherEmployeeBenefitsGrp/TotalAmt067745
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1DIVIDENDS PAID TO MEMBERS
IRS990/OtherExpensesGrp/TotalAmt0222100
IRS990/OtherExpensesGrp/TotalAmt147767
IRS990/OtherLiabilitiesGrp/BOYAmt044676472
IRS990/OtherLiabilitiesGrp/EOYAmt046068549
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherSalariesAndWagesGrp/TotalAmt0432488
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt040784334
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt043840066
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt051030
IRS990/PensionPlanContributionsGrp/TotalAmt040200
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt013104
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt013029
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0152780
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0265734
IRS990/PrincipalOfficerNm0DANIEL CHISTIANSEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER MEMBER RELATED INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3NON-MEMBER ATM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01844760
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1383118
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2209018
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01844760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1383118
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2209018
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35794
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt05794
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 843 NEW LOANS TO OUR MEMBERS DURING 2016. AS OF 12/31/16 WE HAD 3,698 LOANS TO OUR MEMBERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt049652
IRS990/PYInvestmentIncomeAmt0-41291
IRS990/PYOtherExpensesAmt01362600
IRS990/PYProgramServiceRevenueAmt02401631
IRS990/PYRevenuesLessExpensesAmt0121191
IRS990/PYSalariesCompEmpBnftPaidAmt0826897
IRS990/PYTotalExpensesAmt02239149
IRS990/PYTotalRevenueAmt02360340
IRS990/ReconcilationRevenueExpnssAmt0170211
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt09425
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt09425
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04278255
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04448466
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04416332
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03487474
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01202178
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0422683
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01624861
IRS990ScheduleD/EquipmentGrp/BookValueAmt0163829
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0242161
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0405990
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0982517
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0982517
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046072033
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-3484
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ESCROW ACCTS TO LINE 21
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02348524
IRS990ScheduleD/TotalLiabilityAmt046068549
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BY-LAWS WERE CHANGED TO REDUCE THE NUMBER OF BOARD MEMBERS FROM NINE TO SEVEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 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 OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CFO PROVIDES THE DATA TO INDEPENDENT CPA WHO PREPARES THE 990. CFO REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD AND STAFF REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY, AND SIGN OFF THAT THEY HAVE REVIEWED THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE PERSONNEL COMMITTEE USING PEER SALARY SURVEY INFORMATION. THE COMPENSATION IS APPROVED BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE AVAILABLE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt049187651
IRS990/TotalAssetsEOYAmt050936182
IRS990/TotalAssetsGrp/BOYAmt049187651
IRS990/TotalAssetsGrp/EOYAmt050936182
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02303415
IRS990/TotalGrossUBIAmt05794
IRS990/TotalLiabilitiesBOYAmt044909396
IRS990/TotalLiabilitiesEOYAmt046487716
IRS990/TotalLiabilitiesGrp/BOYAmt044909396
IRS990/TotalLiabilitiesGrp/EOYAmt046487716
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04278255
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04448466
IRS990/TotalOtherCompensationAmt068669
IRS990/TotalProgramServiceRevenueAmt02442690
IRS990/TotalReportableCompFromOrgAmt0271772
IRS990/TotalRevenueGrp/ExclusionAmt035984
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02431848
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02473626
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05794
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt049187651
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt050936182
IRS990/TravelGrp/TotalAmt016661
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010750 FRANCE AVE SOUTH
IRS990/USAddress/CityNm0BLOOMINGTON
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055431
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.STARCHOICECU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG JORGENSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum09526987233
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STAR CHOICE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0STAR
ReturnHeader/Filer/EIN0410415875
ReturnHeader/Filer/PhoneNum09526987233
ReturnHeader/Filer/USAddress/AddressLine1Txt010750 FRANCE AVE SOUTH
ReturnHeader/Filer/USAddress/CityNm0BLOOMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055431
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04C5A70F7A5FDA4811252E2883A9E531D3168B42F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04C5A70F7A5FDA4811252E2883A9E531D3168B42F
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY
ReturnHeader/ReturnTs02017-03-21T21:26:05+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,936,182
Liabilities
$46,487,716
Net assets
$4,448,466
Revenue
$2,473,626
Expenses
$2,303,415
Net income
$170,211
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)14 • $50M-$100M nonprofits