Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
Refreshing map…
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.90x
Liabilities / Revenue
80th percentile
Higher debt load relative to revenue than 80% of similar nonprofits.
Net Margin
92nd percentile
Higher net margin than 92% of similar nonprofits.
Top Officer Pay
83rd percentile
Higher top officer pay than 83% of similar nonprofits.
Top officer pay equals 5.1% of source-year revenue.
Asset Growth
87th percentile
Faster asset growth than 87% of similar nonprofits.
Revenue Growth
79th percentile
Faster revenue growth than 79% of similar nonprofits.
Balance Sheet
Assets
Up$99,758,496
Up $7,065,742 (+7.6%) from 2016
Net Assets
Up$10,388,792
Up $1,043,816 (+11%) from 2016
Liabilities
Up$89,369,704
Up $6,021,926 (+7.2%) from 2016
Revenue And Expenses
Revenue
Up$3,845,911
Up $389,443 (+11%) from 2016
Expenses
Up$2,930,788
Up $302,235 (+11%) from 2016
Net Income
Up$915,123
Up $87,208 (+11%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Apr 27, 2018
- Return Version
- 2017v2.2
- Gross Receipts
- $5,393,450
Mission and Program Overview
Mission
To provide lending, savings, 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 "owner".
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $46,173,261 | $51,609,723 | ▲ $5,436,462 |
| Investments Other Securities | $35,343,066 | $34,961,346 | ▼ $381,720 |
| Rtn Earn Endowment Incm Other Fnds | $9,344,976 | $10,388,792 | ▲ $1,043,816 |
| Savings and Temporary Cash Investments | $5,382,458 | $6,406,036 | ▲ $1,023,578 |
| Prepaid Expenses and Deferred Charges | $2,155,102 | $2,208,497 | ▲ $53,395 |
| Land, Buildings, and Equipment, Net | $1,085,564 | $1,055,432 | ▼ $30,132 |
| Receivables From Officers Etc | $906,505 | $878,168 | ▼ $28,337 |
| Cash and Non-Interest-Bearing Accounts | $558,591 | $608,040 | ▲ $49,449 |
| Investments Program Related | $100,000 | $100,000 | → $0 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Accounts Receivable | $-282,380 | $-306,136 | ▼ $23,756 |
| Total Assets | $92,692,754 | $99,758,496 | ▲ $7,065,742 |
| Other Assets Total | $1,270,587 | $2,237,390 | ▲ $966,803 |
| Liabilities | |||
| Other Liabilities | $83,096,486 | $89,054,147 | ▲ $5,957,661 |
| Accounts Payable and Accrued Expenses | $251,292 | $315,557 | ▲ $64,265 |
| Total Liabilities | $83,347,778 | $89,369,704 | ▲ $6,021,926 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $9,344,976 | $10,388,792 | ▲ $1,043,816 |
| Total Liabilities and Net Assets / Fund Balance | $92,692,754 | $99,758,496 | ▲ $7,065,742 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $276,184 | $1,079,913 | $1,356,097 |
| Buildings | $599,248 | $708,527 | $1,307,775 |
| Land | $180,000 | - | $180,000 |
| Other Securities | $12,292,000 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Aaron Dejong | President | FT | $118,550 | $76,061 | $194,611 |
| Stacey Hinrichs | Director | - | $300 | - | $300 |
| Daryl Mark | Chair | - | $275 | - | $275 |
| Shirley Perkins | Secretary | - | $275 | - | $275 |
| Josh Thygesen | Vice Chair | - | $250 | - | $250 |
| Stacy Bystrom | Director | - | $250 | - | $250 |
| David Hull | Director | - | $225 | - | $225 |
| Tammy Wadley | Director | - | $225 | - | $225 |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Fiserv | Data Processor | 455 WINDING BROOK DRIVE, Glastonbury, CT 06033 | $426,126 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $3,086,251
- Investment Income
- $759,660
- Other Revenue
- $0
- Change in Net Assets
- $915,123
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,370,353 |
| Salaries, Compensation, and Employee Benefits | $1,215,272 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $698,318 |
| Office Expenses | - | - | - | $407,233 |
| Benefits to Members | - | - | - | $345,163 |
| Fees for Services Other | - | - | - | $302,715 |
| Other Employee Benefits | - | - | - | $212,071 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $196,411 |
| Depreciation Depletion | - | - | - | $145,346 |
| Occupancy | - | - | - | $90,316 |
| Advertising | - | - | - | $64,815 |
| Payroll Taxes | - | - | - | $62,353 |
| Pension Plan Contributions | - | - | - | $46,119 |
| Travel | - | - | - | $27,091 |
| Fees for Services Accounting | - | - | - | $19,751 |
| Other Expenses | - | - | - | $7,824 |
| Fees for Services Legal | - | - | - | $3,315 |
| Total Functional Expenses | $0 | $0 | $0 | $2,930,788 |
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
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $906,505 | $878,168 | ▼ $28,337 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Drafts/money Markets | $42,301,773 |
| Shares | $34,977,602 |
| Certificates | $11,774,772 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 6
“A member of the red wing credit union must live in or do business, attend school or church in goodhue county, minnesota, usa. They must open a share account for at least $25.00. This entitles them to one vote at the credit union's annual business meeting. Members are entitled to be paid dividends on their savings at a rate determined by the board of directors each month at their regular board of directors meeting. Red wing credit union has one class of membership.”
Form 990, Part VI, Section A, Line 7A
“Directors are elected for three year terms by the membership at the credit union's annual business meeting which is announced in advance in the credit union's newsletter as well as posted at the credit union office and on its web page.”
Form 990, Part VI, Section B, Line 11B
“Prior to being filed with the irs, form 990 and related schedules are reviewed by the board of directors at a board meeting.”
Form 990, Part VI, Section B, Line 12C
“Board members and officers annually complete a survey related to loans, business relationships, and family members that could or do create a conflict of interest. If there were a conflict of interest, the conflicted board member or officer would be excluded from discussions and votes related to the conflict.”
Form 990, Part VI, Section B, Line 15A
“The process used to set the ceo's annual salary is based on a combination of comparison to comparable sized credit unions through the use of cuna's annual compensation survey and the curent year performance evaluation. The process is performed by the personnel committee and presented to the full board for approval. This process is completed on an annual basis based on ceo hire date.”
Form 990, Part VI, Section C, Line 19
“Financial statements are available at the office upon request and are distributed to members at the annual meeting.”
Filing and Contact Details
Filer
- Filer Name
- Red Wing Credit Union
- EIN
- 41-0793629
- Phone
- 6513887133
- Address
- 3303 NORTH SERVICE DRIVE, RED WING, MN 55066
Signing Officer
- Name
- Aaron S Dejong
- Title
- President
- Phone
- 6513887133
- Signed
- 2018-04-27
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Aaron S Dejong
- Formed
- 1954
- Legal Domicile
- Mn
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 23
- Volunteers
- 10
Preparer
- Firm
- Cliftonlarsonallen Llp
- Address
- PO BOX 217, AUSTIN, MN 55912
- Preparer
- Tanya Medgaarden
- Phone
- 5074347000
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 11G
“Other professional and outside service fees 302,715.”
FORM 990, PART XII, LINE 2A AND 2B:
“As allowed by state regulatory authorities, the audit is done as of march 31. The reporting period for the audit, therefore, does not match the reporting period for the 990.”
FORM 990, PART XII, LINE 2C:
“The supervisory committee oversees the audit and the selection of an independent accountant.”
Financial Statement Notes
PART X, LINE 2:
“As allowed by state regulatory authorities, the audit is done as of march 31. The reporting period for the audit, therefore, does not match the reporting period for the 990. Per footnote 1 in the credit union's march 31,2017 audited financial statements, the credit union is exempt, under irc section 501(c)(14), from federal and state income taxes. Certain products and services provided by select state chartered credit unions have been deemed by the internal revenue service (irs), in technical advice memorandums (tams) released in 2007, to be unrelated to the specific entity's exempt purpose. As presented in the technical advice memorandums the net taxable income from these products and services would be subject to income taxes. Credit unions have litigated against the irs positions noted in the tams and have been successful in having courts declare in 2009 and 2010 that revenue from insurance products sold to members, helping them protect their financial wellbeing, qualifies as exempt purpose income, contrary to the irs position in the tams. The credit union has filed tax returns in the past for activities they have deemed taxable and has a minimal net operating loss carryforward. The taxing authorities have the ability to assess taxes, penalties and interest for any years for which no tax return is filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the credit union's exempt purpose is not expected to have a material effect on the credit union's financial position or results of operations. The credit union evaluated its tax positions and determined no uncertain tax positions exist as of march 31, 2017 and 2016. The credit union's 2013 and subsequent tax years are open for examination by federal and state taxing authorities.”
Raw XML AppendixShowing 400 of 433 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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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 251292 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 315557 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | -282380 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | -306136 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE LENDING, SAVINGS, 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 "OWNER". |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 64815 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 345163 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | LINDA DIETZ |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6513887133 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3303 NORTH SERVICE DRIVE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | RED WING |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55066 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 558591 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 608040 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 196411 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 426126 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 455 WINDING BROOK DRIVE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | GLASTONBURY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | CT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 06033 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | FISERV |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | DATA PROCESSOR |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 345163 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 759660 |
| IRS990/CYOtherExpensesAmt | 0 | 1370353 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 3086251 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 915123 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1215272 |
| IRS990/CYTotalExpensesAmt | 0 | 2930788 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 3845911 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 145346 |
| IRS990/Desc | 0 | THE RED WING CREDIT UNION PRESENTLY HAS 3,301 CONSUMER LOANS IN SERVICE FOR A TOTAL VOLUME OF $47,640,435.66. THE CREDIT UNION ALSO HAS 25 COMMERCIAL LOANS FOR A TOTAL VOLUME OF $1,763,071.70. WE ALSO HAVE 1,463 VISA LOAN ACCOUNTS IN SERVICE FOR A TOTAL VOLUME OF $1,551,218.54. THE INTEREST RATES CHARGED ON THESE LOANS IS WELL BELOW THAT OF OUR LOCAL COMPETITION. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 23 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 19751 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 3315 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 302715 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 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/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | 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 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 62561 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DARYL MARK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JOSH THYGESEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | SHIRLEY PERKINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | STACEY HINRICHS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | STACY BYSTROM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DAVID HULL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | TAMMY WADLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | AARON DEJONG |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 275 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 250 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 275 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 300 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 250 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 225 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 225 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 132050 |
| 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/ReportableCompFromRltdOrgAmt | 7 | 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 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1954 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 2413 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 3070 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 103039 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 1449983 |
| IRS990/GrossReceiptsAmt | 0 | 5393450 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 754177 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 754177 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 35343066 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 34961346 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 100000 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 100000 |
| IRS990/IRPDocumentCnt | 0 | 2102 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1788440 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1085564 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1055432 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 2843872 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 100626 |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 1446913 |
| IRS990/LoanOutstandingInd | 0 | 1 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROVIDE LENDING, SAVINGS, 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 "OWNER". |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 9344976 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 10388792 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 5483 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 5483 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -6543 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 128693 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 90316 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 407233 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1270587 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 2237390 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 212071 |
| IRS990/OtherExpensesGrp/Desc | 0 | LOAN SERVICING |
| IRS990/OtherExpensesGrp/Desc | 1 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/Desc | 2 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/Desc | 3 | STATE EXAMINATION |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 185286 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 80603 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 36058 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 7824 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 83096486 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 89054147 |
| IRS990/OtherOrganizationDsc | 0 | CU |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 698318 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 46173261 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 51609723 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 62353 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 46119 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2155102 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 2208497 |
| IRS990/PrincipalOfficerNm | 0 | AARON S DEJONG |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 524298 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 522100 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INTEREST |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | OTHER OPERATING INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | FEES & CHARGES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2305079 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 514091 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 264449 |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 514091 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 267081 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 2632 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE RED WING CREDIT UNION OFFERS SAVINGS DEPOSIT RATES THAT ARE GENERALLY HIGHER THAN OUR LOCAL COMPETITION. WE OFFER BOTH REGULAR AND IRA CERTIFICATES OF DEPOSIT. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | THE RED WING CREDIT UNION OFFERS VARIOUS CHECKING ACCOUNTS THAT ARE VERY COMPETITIVELY PRICED IN OUR LOCAL MARKET. ALL OUR FEES ARE LOWER THAN THE COMPETITION. IN GENERAL, WE OFFER BETTER PRODUCTS AT A BETTER PRICE. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 322468 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 654838 |
| IRS990/PYOtherExpensesAmt | 0 | 1247035 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 2801630 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 827915 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1059050 |
| IRS990/PYTotalExpensesAmt | 0 | 2628553 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 3456468 |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 906505 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 878168 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 915123 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
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| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 10388792 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 5382458 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 6406036 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 599248 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 708527 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1307775 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 276184 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 1079913 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1356097 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 180000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 180000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 34977602 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 42301773 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 11774772 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | SHARES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DRAFTS/MONEY MARKETS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | CERTIFICATES |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 4476000 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 18193346 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 2 | 12292000 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | INVESTMENTS - HELD TO MATURITY SECURITIES |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | INVESTMENTS - AVAILABLE FOR SALE SECURITIES |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 2 | INVESTMENTS - OTHER FINANCIAL INSTITUTIONS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 2 | C |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF MARCH 31. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. PER FOOTNOTE 1 IN THE CREDIT UNION'S MARCH 31,2017 AUDITED FINANCIAL STATEMENTS, THE CREDIT UNION IS EXEMPT, UNDER IRC SECTION 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES THEY HAVE DEEMED TAXABLE AND HAS A MINIMAL NET OPERATING LOSS CARRYFORWARD. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN IS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF MARCH 31, 2017 AND 2016. THE CREDIT UNION'S 2013 AND SUBSEQUENT TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1055432 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 34961346 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 89054147 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompensationCommitteeInd | 0 | X |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 118550 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 13500 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 61521 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 1040 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | AARON DEJONG |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 194611 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | AARON DEJONG PARTICIPATES IN A 457(F)PLAN. THE CURRENT YEAR ACCRUAL AMOUNT IS $52,283. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 4B |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 878168 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | SPLIT-DOLLAR LIFE INSURANCE UNDER REG 1.7872-15 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 900000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | AARON S DEJONG |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | PRESIDENT |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | 1 |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 878168 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A MEMBER OF THE RED WING CREDIT UNION MUST LIVE IN OR DO BUSINESS, ATTEND SCHOOL OR CHURCH IN GOODHUE COUNTY, MINNESOTA, USA. THEY MUST OPEN A SHARE ACCOUNT FOR AT LEAST $25.00. THIS ENTITLES THEM TO ONE VOTE AT THE CREDIT UNION'S ANNUAL BUSINESS MEETING. MEMBERS ARE ENTITLED TO BE PAID DIVIDENDS ON THEIR SAVINGS AT A RATE DETERMINED BY THE BOARD OF DIRECTORS EACH MONTH AT THEIR REGULAR BOARD OF DIRECTORS MEETING. RED WING CREDIT UNION HAS ONE CLASS OF MEMBERSHIP. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DIRECTORS ARE ELECTED FOR THREE YEAR TERMS BY THE MEMBERSHIP AT THE CREDIT UNION'S ANNUAL BUSINESS MEETING WHICH IS ANNOUNCED IN ADVANCE IN THE CREDIT UNION'S NEWSLETTER AS WELL AS POSTED AT THE CREDIT UNION OFFICE AND ON ITS WEB PAGE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PRIOR TO BEING FILED WITH THE IRS, FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE BOARD OF DIRECTORS AT A BOARD MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO LOANS, BUSINESS RELATIONSHIPS, AND FAMILY MEMBERS THAT COULD OR DO CREATE A CONFLICT OF INTEREST. IF THERE WERE A CONFLICT OF INTEREST, THE CONFLICTED BOARD MEMBER OR OFFICER WOULD BE EXCLUDED FROM DISCUSSIONS AND VOTES RELATED TO THE CONFLICT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE PROCESS USED TO SET THE CEO'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARISON TO COMPARABLE SIZED CREDIT UNIONS THROUGH THE USE OF CUNA'S ANNUAL COMPENSATION SURVEY AND THE CURENT YEAR PERFORMANCE EVALUATION. THE PROCESS IS PERFORMED BY THE PERSONNEL COMMITTEE AND PRESENTED TO THE FULL BOARD FOR APPROVAL. THIS PROCESS IS COMPLETED ON AN ANNUAL BASIS BASED ON CEO HIRE DATE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | FINANCIAL STATEMENTS ARE AVAILABLE AT THE OFFICE UPON REQUEST AND ARE DISTRIBUTED TO MEMBERS AT THE ANNUAL MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | OTHER PROFESSIONAL AND OUTSIDE SERVICE FEES 302,715. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF MARCH 31. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | THE SUPERVISORY COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XII, LINE 2A AND 2B: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART XII, LINE 2C: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 92692754 |
| IRS990/TotalAssetsEOYAmt | 0 | 99758496 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 92692754 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 99758496 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 1 |
| IRS990/TotalEmployeeCnt | 0 | 23 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 2930788 |
| IRS990/TotalGrossUBIAmt | 0 | 2632 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 83347778 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 89369704 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 83347778 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 89369704 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 9344976 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 10388792 |
| IRS990/TotalOtherCompensationAmt | 0 | 62561 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 3086251 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 133850 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 759660 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3083619 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 3845911 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 2632 |
| IRS990/TotalVolunteersCnt | 0 | 10 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 92692754 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 99758496 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/TotalAmt | 0 | 27091 |
| IRS990/TypeOfOrganizationOtherInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 1 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 3303 NORTH SERVICE DRIVE |
| IRS990/USAddress/CityNm | 0 | RED WING |
| IRS990/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/USAddress/ZIPCd | 0 | 55066 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | WWW.REDWINGCU.COM |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $99,758,496
- Liabilities
- $89,369,704
- Net assets
- $10,388,792
- Revenue
- $3,845,911
- Expenses
- $2,930,788
- Net income
- $915,123