Civic Intelligence

Minnesota Catholic Credit Union

990 • Fiscal year 2017 • EIN 41-0718967

Jan 01, 2017 to Dec 31, 2017 • Filed on May 01, 2018

400 E Little Canada RdLittle Canada, MN 55117-1784

(651) 484-0265

Siviq Scores

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

Liabilities / Assets

98th percentile

0.93x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

22.67x

Higher debt load relative to revenue than 67% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Net Margin

45th percentile

8.2%

Higher net margin than 45% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

55th percentile

$103,530

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Asset Growth

75th percentile

5.2%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

88th percentile

13%

Faster revenue growth than 88% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$32,453,827

Up $1,590,588 (+5.2%) from 2016

Net Assets

Up

$2,300,477

Up $108,815 (+5.0%) from 2016

Liabilities

Up

$30,153,350

Up $1,481,773 (+5.2%) from 2016

Revenue

Up

$1,329,838

Up $152,325 (+13%) from 2016

Expenses

Up

$1,221,023

Up $115,220 (+10%) from 2016

Net Income

Up

$108,815

Up $37,105 (+52%) from 2016

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $18,613,495Liabilities 2010: $16,682,013Net Assets 2010: $1,931,4822010Assets 2011: $24,300,728Liabilities 2011: $22,224,400Net Assets 2011: $2,076,3282011Assets 2012: $26,232,048Liabilities 2012: $24,196,688Net Assets 2012: $2,035,3602012Assets 2013: $26,988,288Liabilities 2013: $24,927,021Net Assets 2013: $2,061,2672013Assets 2014: $25,873,159Liabilities 2014: $23,774,171Net Assets 2014: $2,098,9882014Assets 2015: $28,122,571Liabilities 2015: $26,002,619Net Assets 2015: $2,119,9522015Assets 2016: $30,863,239Liabilities 2016: $28,671,577Net Assets 2016: $2,191,6622016Assets 2017: $32,453,827Liabilities 2017: $30,153,350Net Assets 2017: $2,300,4772017Assets 2018: $33,309,704Liabilities 2018: $30,837,833Net Assets 2018: $2,471,8712018Assets 2019: $32,807,920Liabilities 2019: $30,159,803Net Assets 2019: $2,648,1172019Assets 2020: $37,780,837Liabilities 2020: $37,756,007Net Assets 2020: $24,8302020Assets 2021: $41,182,115Liabilities 2021: $41,013,971Net Assets 2021: $168,1442021Assets 2022: $43,757,169Liabilities 2022: $43,446,121Net Assets 2022: $311,0482022Assets 2023: $38,805,960Liabilities 2023: $38,512,462Net Assets 2023: $293,4982023Assets 2024: $37,334,859Liabilities 2024: $36,869,864Net Assets 2024: $464,9952024Assets 2025: $37,642,902Liabilities 2025: $37,234,634Net Assets 2025: $408,2682025

Highlighted filing

2017

Assets$32,453,827
Liabilities$30,153,350
Net Assets$2,300,477

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2010: $879,4502010Expenses 2011: $962,2052011Revenue 2012: $1,009,418Expenses 2012: $965,095Net Income 2012: $44,3232012Revenue 2013: $984,719Expenses 2013: $958,812Net Income 2013: $25,9072013Revenue 2014: $1,054,094Expenses 2014: $1,016,543Net Income 2014: $37,5512014Revenue 2015: $1,158,281Expenses 2015: $1,137,317Net Income 2015: $20,9642015Revenue 2016: $1,177,513Expenses 2016: $1,105,803Net Income 2016: $71,7102016Revenue 2017: $1,329,838Expenses 2017: $1,221,023Net Income 2017: $108,8152017Revenue 2018: $1,468,744Expenses 2018: $1,297,350Net Income 2018: $171,3942018Revenue 2019: $1,542,238Expenses 2019: $1,365,992Net Income 2019: $176,2462019Revenue 2020: $1,424,184Expenses 2020: $1,399,354Net Income 2020: $24,8302020Revenue 2021: $1,450,876Expenses 2021: $1,282,732Net Income 2021: $168,1442021Revenue 2022: $1,668,175Expenses 2022: $1,357,127Net Income 2022: $311,0482022Revenue 2023: $2,024,264Expenses 2023: $1,730,766Net Income 2023: $293,4982023Revenue 2024: $2,318,070Expenses 2024: $1,853,075Net Income 2024: $464,9952024Revenue 2025: $2,340,326Expenses 2025: $1,932,058Net Income 2025: $408,2682025

Highlighted filing

2017

Revenue$1,329,838
Expenses$1,221,023
Net Income$108,815
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 1, 2018
Return Version
2017v2.0
Gross Receipts
$1,332,008
Mission and Program Overview

Mission

To provide to our 3,136 member/owners financial products and services within the cooperative framework of a credit union. Through this method we are able to help members that would otherwise fall through the cracks.

To provide to our 2500 member/owners with financial products and services within the cooperative framework of a credit union. Through this method we are able to help members that would otherwise fall through the cracks.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$17,578,745$17,343,728▼ $235,017
Investments Program Related$10,640,195$11,375,710▲ $735,515
Rtn Earn Endowment Incm Other Fnds$1,713,752$1,822,567▲ $108,815
Savings and Temporary Cash Investments$1,246,185$1,332,177▲ $85,992
Land, Buildings, and Equipment, Net$588,330$541,445▼ $46,885
Pd in Cap Srpls Land Bldg Eqp Fund$477,910$477,910→ $0
Cash and Non-Interest-Bearing Accounts$342,992$363,916▲ $20,924
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$30,863,239$32,453,827▲ $1,590,588
Other Assets Total$466,792$1,496,851▲ $1,030,059
Liabilities
Accounts Payable and Accrued Expenses$28,671,577$30,153,350▲ $1,481,773
Total Liabilities$28,671,577$30,153,350▲ $1,481,773
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,191,662$2,300,477▲ $108,815
Total Liabilities and Net Assets / Fund Balance$30,863,239$32,453,827▲ $1,590,588

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$11,375,710--
Buildings$238,727$209,879$0
Other Land Buildings$0$0$0
Land$74,500-$0
Equipment$43,885$84,398$0
Leasehold Improvements$184,333$142,948$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David SawinCEOFT$103,530$103,530

Board Members and Trustees

NameTitle
Stephen LaCasseChairman
Dan HayneBoard Member
David MeyersBoard Member
George RossezBoard Member
Joan BauerBoard Member
Brian OwensDirector
Ray HessDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,112,042
Investment Income
$188,408
Other Revenue
$29,388
Change in Net Assets
$108,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$688,980
Salaries, Compensation, and Employee Benefits$496,133
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$339,497
Office Expenses---$303,101
Occupancy---$130,061
Other Expenses---$101,955
Current Officers, Directors, Trustees, and Key Employees---$98,500
Depreciation Depletion---$80,817
Advertising---$42,261
Payroll Taxes---$40,596
Benefits to Members---$35,910
Pension Plan Contributions---$17,540
Fees for Services Legal---$14,606
Travel---$9,013
Fees for Services Accounting---$7,166
Total Functional Expenses$0$0$0$1,221,023
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
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, Part VI, Section A, Line 6

All members are share holders

Form 990, Part VI, Section A, Line 7A

All members are eligible to vote at the annual meeting

Form 990, Part VI, Section A, Line 7B

Certain decisions sucha s by-law changes and mergers must come before the membership for a vote.

Form 990, Part VI, Section A, Line 9

Our board members do not office out of our building.

Form 990, Part VI, Section B, Line 11B

The board reviewed prior to submission.

Form 990, Part VI, Section B, Line 12C

Annually we get a verbal acclimation that each board member has no conflict and each month the board chair asks if anything on the agenda presents a conflict with any board member.

Form 990, Part VI, Section B, Line 15

the board consults several industry salary surveys

Form 990, Part VI, Section C, Line 19

Financial statement is posted in all lobbies as prescribed by law.

Filing and Contact Details

Filer

Filer Name
Minnesota Catholic Credit Union
EIN
41-0718967
Phone
6514840265
Address
400 E Little Canada Rd, Little Canada, MN 55117-1784
Doing Business As
Mn Catholic Credit Union

Signing Officer

Name
David Sawin
Title
CEO
Phone
6514840265
Signed
2018-05-01

Organization Details

Principal Officer
David Sawin
Formed
1946
Legal Domicile
Mn
Voting Board Members
2,500
Independent Board Members
2,500
Employees
12
Volunteers
10
Raw XML Appendix381 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01713752
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01822567
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01246185
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01332177
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0238727
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0209879
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0448606
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt043885
IRS990ScheduleD/EquipmentGrp/DepreciationAmt084398
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0128283
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt011375710
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CDs at Federally insured institutions
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt074500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt074500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0184333
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0142948
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0327281
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0541445
IRS990ScheduleD/TotalBookValueProgramRltdAmt011375710
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All members are share holders
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All members are eligible to vote at the annual meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Certain decisions sucha s by-law changes and mergers must come before the membership for a vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Our board members do not office out of our building.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The board reviewed prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Annually we get a verbal acclimation that each board member has no conflict and each month the board chair asks if anything on the agenda presents a conflict with any board member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6the board consults several industry salary surveys
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Financial statement is posted in all lobbies as prescribed by law.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt030863239
IRS990/TotalAssetsEOYAmt032453827
IRS990/TotalAssetsGrp/BOYAmt030863239
IRS990/TotalAssetsGrp/EOYAmt032453827
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01221023
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028671577
IRS990/TotalLiabilitiesEOYAmt030153350
IRS990/TotalLiabilitiesGrp/BOYAmt028671577
IRS990/TotalLiabilitiesGrp/EOYAmt030153350
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02191662
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02300477
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt01112042
IRS990/TotalReportableCompFromOrgAmt0103530
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01329838
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01329838
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt030863239
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt032453827
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt09013
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 LITTLE CANADA RD E
IRS990/USAddress/CityNm0LITTLE CANADA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055117
IRS990/VotingMembersGoverningBodyCnt02500
IRS990/VotingMembersIndependentCnt02500
IRS990/WebsiteAddressTxt0www.mncathcu.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0David Sawin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06514840265
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA CATHOLIC CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0410718967
ReturnHeader/Filer/PhoneNum06514840265
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 E Little Canada Rd
ReturnHeader/Filer/USAddress/CityNm0Little Canada
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0551171784
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.241.36.21
ReturnHeader/ReturnTs02018-05-10T16:44:08-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$37.6$37.2$0.41$2.34$1.93$0.41
2024Detailed filing. Detailed filing data is available for this year.$37.3$36.9$0.46$2.32$1.85$0.46
2023Detailed filing. Detailed filing data is available for this year.$38.8$38.5$0.29$2.02$1.73$0.29
2022Detailed filing. Detailed filing data is available for this year.$43.8$43.4$0.31$1.67$1.36$0.31
2021Detailed filing. Detailed filing data is available for this year.$41.2$41.0$0.17$1.45$1.28$0.17
2020Detailed filing. Detailed filing data is available for this year.$37.8$37.8$0.02$1.42$1.40$0.02
2019Detailed filing. Detailed filing data is available for this year.$32.8$30.2$2.65$1.54$1.37$0.18
2018Detailed filing. Detailed filing data is available for this year.$33.3$30.8$2.47$1.47$1.30$0.17
2017Detailed filing. Detailed filing data is available for this year.$32.5$30.2$2.30$1.33$1.22$0.11
2016Detailed filing. Detailed filing data is available for this year.$30.9$28.7$2.19$1.18$1.11$0.07
2015Detailed filing. Detailed filing data is available for this year.$28.1$26.0$2.12$1.16$1.14$0.02
2014Detailed filing. Detailed filing data is available for this year.$25.9$23.8$2.10$1.05$1.02$0.04
2013Detailed filing. Detailed filing data is available for this year.$27.0$24.9$2.06$0.98$0.96$0.03
2012Summary only. Only limited summary data is available for this year.$26.2$24.2$2.04$1.01$0.97$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$22.2$2.08$0.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$16.7$1.93$0.88
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)14 • $25M-$50M nonprofits