Liabilities / Assets
87th percentile
Higher debt load relative to assets than 87% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.92x
Liabilities / Revenue
50th percentile
Higher debt load relative to revenue than 50% of similar nonprofits.
Net Margin
27th percentile
Higher net margin than 27% of similar nonprofits.
Top Officer Pay
38th percentile
Higher top officer pay than 38% of similar nonprofits.
Top officer pay equals 6.7% of source-year revenue.
Asset Growth
55th percentile
Faster asset growth than 55% of similar nonprofits.
Revenue Growth
18th percentile
Faster revenue growth than 18% of similar nonprofits.
Balance Sheet
Assets
Up$28,975,526
Up $1,004,647 (+3.6%) from 2015
Net Assets
Up$2,433,511
Up $38,476 (+1.6%) from 2015
Liabilities
Up$26,542,015
Up $966,171 (+3.8%) from 2015
Revenue And Expenses
Revenue
Down$1,287,469
Down $17,746 (-1.4%) from 2015
Expenses
Up$1,248,993
Up $48,111 (+4.0%) from 2015
Net Income
Down$38,476
Down $65,857 (-63%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Apr 3, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $1,287,469
Mission and Program Overview
Mission
Neighborly, comfortable, fun and righthearted service. Offers humble guidance to members.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $16,077,190 | $15,810,469 | ▼ $266,721 |
| Investments Program Related | $8,806,485 | $9,556,144 | ▲ $749,659 |
| Rtn Earn Endowment Incm Other Fnds | $2,395,035 | $2,433,511 | ▲ $38,476 |
| Savings and Temporary Cash Investments | $1,734,001 | $2,187,305 | ▲ $453,304 |
| Land, Buildings, and Equipment, Net | $750,998 | $705,328 | ▼ $45,670 |
| Cash and Non-Interest-Bearing Accounts | $150,929 | $181,541 | ▲ $30,612 |
| Prepaid Expenses and Deferred Charges | $51,515 | $87,832 | ▲ $36,317 |
| Total Assets | $27,970,879 | $28,975,526 | ▲ $1,004,647 |
| Other Assets Total | $399,761 | $446,907 | ▲ $47,146 |
| Liabilities | |||
| Other Liabilities | $25,412,542 | $26,346,235 | ▲ $933,693 |
| Accounts Payable and Accrued Expenses | $163,302 | $195,780 | ▲ $32,478 |
| Total Liabilities | $25,575,844 | $26,542,015 | ▲ $966,171 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,395,035 | $2,433,511 | ▲ $38,476 |
| Total Liabilities and Net Assets / Fund Balance | $27,970,879 | $28,975,526 | ▲ $1,004,647 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $450,218 | $401,401 | $851,619 |
| Equipment | $53,844 | $621,417 | $675,261 |
| Land | $180,000 | - | $180,000 |
| Other Land Buildings | $21,266 | $4,072 | $25,338 |
| Investment Program Related Org | $4,361 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Mike Enright | President | FT | $76,546 | $9,266 | $85,812 |
| Kristine Heuer | Vice Preside | FT | $61,158 | $13,814 | $74,972 |
| James Walker | Secretary | - | $325 | - | $325 |
| Gerald Morri | Vice Chair | - | $200 | - | $200 |
| Danile Pederson | Chair | - | $175 | - | $175 |
| Thomas Brockway | Director | - | $175 | - | $175 |
| Roger Debace | Director | - | $75 | - | $75 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $1,093,913
- Investment Income
- $169,357
- Other Revenue
- $24,199
- Change in Net Assets
- $38,476
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $766,038 |
| Salaries, Compensation, and Employee Benefits | $482,955 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Office Expenses | - | - | - | $380,167 |
| Other Salaries and Wages | - | - | - | $255,919 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $138,654 |
| Occupancy | - | - | - | $137,467 |
| Depreciation Depletion | - | - | - | $64,174 |
| Advertising | - | - | - | $35,876 |
| Other Employee Benefits | - | - | - | $32,492 |
| Payroll Taxes | - | - | - | $29,490 |
| Information Technology | - | - | - | $28,954 |
| Pension Plan Contributions | - | - | - | $26,400 |
| Insurance | - | - | - | $26,264 |
| Fees for Services Other | - | - | - | $15,410 |
| Fees for Services Accounting | - | - | - | $10,561 |
| Travel | - | - | - | $7,356 |
| Other Expenses | - | - | - | $7,000 |
| Fees for Services Legal | - | - | - | $3,997 |
| Total Functional Expenses | $0 | $0 | $0 | $1,248,993 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Member Shares and Certificates | $26,346,235 |
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
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- 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 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
“Vice president provides the information to independent preparer who completes the return. Vp reviews the return for accuracy, and then authorizes preparer to e-file the approved return. Vp notifies supervisory committe it has been filed and is available for their reivew. The board is notified at their next meeting.”
Form 990, Page 6, Part VI, Line 12C
“At the first board meeting after the annual meeting each year, the board members are asked to disclose any known conflicts of interest. Any conflicts are noted in the board minutes.”
Form 990, Page 6, Part VI, Line 15A
“The board is provided comparable data for ceo salaries which they review. The board meets with the ceo to review his proformance and goals for the next year. The board then determines the ceo compensation. The board chair prepares a signed letter to the ceo to document his approved compensation, and authorize the change in his payroll amount.”
Form 990, Page 6, Part VI, Line 15B
“The president determines salary of all other employees using comparable salary data. The compensation amounts are included in the annual budget approved by the board of directors.”
Form 990, Page 6, Part VI, Line 19
“Governing documents are available on request, and financial statements are posted in the lobby.”
Filing and Contact Details
Filer
- Filer Name
- Cities Credit Union
- EIN
- 41-0519535
- Phone
- 6514263773
- Address
- 3625 TALMAGE CIRCLE RM/STE 102, VADNAIS HEIGHTS, MN 55110
Signing Officer
- Name
- Kristine Heuer
- Title
- Vice President
- Phone
- 6514263773
- Signed
- 2017-04-03
Organization Details
- Principal Officer
- Mike Enright
- Formed
- 1936
- Legal Domicile
- Mn
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 9
Preparer
- Preparer
- Peter Rasmussen
Raw XML Appendix340 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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 163302 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 195780 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | NEIGHBORLY, COMFORTABLE, FUN AND RIGHTHEARTED SERVICE. OFFERS HUMBLE GUIDANCE TO MEMBERS. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 35876 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | KRISTINE HEUER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6514263773 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3625 TALMAGE CIRCLE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | VADNAIS HEIGHTS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55110 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 150929 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 181541 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 138654 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 169357 |
| IRS990/CYOtherExpensesAmt | 0 | 766038 |
| IRS990/CYOtherRevenueAmt | 0 | 24199 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1093913 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 38476 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 482955 |
| IRS990/CYTotalExpensesAmt | 0 | 1248993 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1287469 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 64174 |
| IRS990/Desc | 0 | THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE TO OUR MEMBERS. WE OPENED 194 NEW DEPOSIT ACCOUNTS IN 2016. AS OF 12/31/16 WE HAD 2,875 MEMBERS. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 9 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 10561 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 3997 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 15410 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 9266 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 13814 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DANILE PEDERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | GERALD MORRI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JAMES WALKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | THOMAS BROCKWAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ROGER DEBACE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MIKE ENRIGHT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | KRISTINE HEUER |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 175 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 200 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 325 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 175 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 75 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 76546 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 61158 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | VICE PRESIDE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1936 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1287469 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 23284 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 28954 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 26264 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 169357 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 169357 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 8806485 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 9556144 |
| IRS990/IRPDocumentCnt | 0 | 473 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1026890 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 750998 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 705328 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1732218 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | NEIGHBORLY, COMFORTABLE, FUN AND RIGHTHEARTED SERVICE. OFFERS HUMBLE GUIDANCE TO MEMBERS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2395035 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2433511 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 23284 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 23284 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 137467 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 380167 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 399761 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 446907 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 32492 |
| IRS990/OtherExpensesGrp/Desc | 0 | DIVIDENDS EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 1 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 48812 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 7000 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 25412542 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 26346235 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 255919 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 16077190 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 15810469 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 29490 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 26400 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 51515 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 87832 |
| IRS990/PrincipalOfficerNm | 0 | MIKE ENRIGHT |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522130 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522130 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 522130 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INTEREST ON LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | MEMBER FEE INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | OTHER MEMBER INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 828367 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 219134 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 46412 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 828367 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 219134 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 46412 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 498 NEW LOANS DURING 2016. AS OF 12/31/16 WE HAD 2,698 LOANS TO OUR MEMBERS. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | . |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 155317 |
| IRS990/PYOtherExpensesAmt | 0 | 737379 |
| IRS990/PYOtherRevenueAmt | 0 | 17057 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1132841 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 104333 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 463503 |
| IRS990/PYTotalExpensesAmt | 0 | 1200882 |
| IRS990/PYTotalRevenueAmt | 0 | 1305215 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 38476 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 23284 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | true |
| IRS990/RoyaltiesRevenueGrp/ExclusionAmt | 0 | 915 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 915 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 2395035 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 2433511 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 1734001 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 2187305 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 450218 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 401401 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 851619 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 53844 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 621417 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 675261 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 9322000 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 1 | 209783 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 2 | 20000 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 3 | 4361 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | INVESTMENTS WITH MATURITY > 1 YEAR |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 1 | CORP CU MEMBERSHIP & PAID IN CAPTIAL |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 2 | CO-OP NETWORK SHARES |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 3 | INVESTMENT IN CU COMPANIES |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 2 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 3 | C |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 180000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 180000 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 21266 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 4072 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 25338 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 26346235 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBER SHARES AND CERTIFICATES |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 705328 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 9556144 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 26346235 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | VICE PRESIDENT PROVIDES THE INFORMATION TO INDEPENDENT PREPARER WHO COMPLETES THE RETURN. VP REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. VP NOTIFIES SUPERVISORY COMMITTE IT HAS BEEN FILED AND IS AVAILABLE FOR THEIR REIVEW. THE BOARD IS NOTIFIED AT THEIR NEXT MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | AT THE FIRST BOARD MEETING AFTER THE ANNUAL MEETING EACH YEAR, THE BOARD MEMBERS ARE ASKED TO DISCLOSE ANY KNOWN CONFLICTS OF INTEREST. ANY CONFLICTS ARE NOTED IN THE BOARD MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE BOARD IS PROVIDED COMPARABLE DATA FOR CEO SALARIES WHICH THEY REVIEW. THE BOARD MEETS WITH THE CEO TO REVIEW HIS PROFORMANCE AND GOALS FOR THE NEXT YEAR. THE BOARD THEN DETERMINES THE CEO COMPENSATION. THE BOARD CHAIR PREPARES A SIGNED LETTER TO THE CEO TO DOCUMENT HIS APPROVED COMPENSATION, AND AUTHORIZE THE CHANGE IN HIS PAYROLL AMOUNT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE PRESIDENT DETERMINES SALARY OF ALL OTHER EMPLOYEES USING COMPARABLE SALARY DATA. THE COMPENSATION AMOUNTS ARE INCLUDED IN THE ANNUAL BUDGET APPROVED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | GOVERNING DOCUMENTS ARE AVAILABLE ON REQUEST, AND FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 27970879 |
| IRS990/TotalAssetsEOYAmt | 0 | 28975526 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 27970879 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 28975526 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 9 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1248993 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 25575844 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 26542015 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 25575844 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 26542015 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2395035 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2433511 |
| IRS990/TotalOtherCompensationAmt | 0 | 23080 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 1093913 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 138654 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 193556 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1093913 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1287469 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 27970879 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 28975526 |
| IRS990/TravelGrp/TotalAmt | 0 | 7356 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 3625 TALMAGE CIRCLE |
| IRS990/USAddress/CityNm | 0 | VADNAIS HEIGHTS |
| IRS990/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/USAddress/ZIPCd | 0 | 55110 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | WWW.CITIESCU.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KRISTINE HEUER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | VICE PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6514263773 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-04-03 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CITIES CREDIT UNION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CITI |
| ReturnHeader/Filer/EIN | 0 | 410519535 |
| ReturnHeader/Filer/PhoneNum | 0 | 6514263773 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3625 TALMAGE CIRCLE RM/STE 102 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | VADNAIS HEIGHTS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55110 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 4C5A70F7A5FDA4811252E2883A9E531D3168B42F |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 4C5A70F7A5FDA4811252E2883A9E531D3168B42F |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-04-05 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | PETER RASMUSSEN |
| ReturnHeader/ReturnTs | 0 | 2017-04-05T19:06:22+00:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
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.
- Assets
- $28,975,526
- Liabilities
- $26,542,015
- Net assets
- $2,433,511
- Revenue
- $1,287,469
- Expenses
- $1,248,993
- Net income
- $38,476