Civic Intelligence

Soo Select Credit Union

EIN 41-0824078 • 501(c)14 • Thief River Falls, MN

Profile

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 "owners".

1100 Van Rooy DriveThief River Falls, MN 56701

www.sooselectcu.virtualcu.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

40th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2018

Net Margin

17th percentile

-26%

Higher net margin than 17% of similar nonprofits.

$500k-$1M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

22nd percentile

-13%

Faster revenue growth than 22% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $14,973,294 (-100%) from 2017

Liabilities

Down

$0

Down $13,066,779 (-100%) from 2017

Net Assets

Down

$0

Down $1,906,515 (-100%) from 2017

Operations
Liabilities / Revenue40th percentileNet Margin17th percentile

Revenue

Down

$550,320

Down $82,475 (-13%) from 2017

Expenses

Up

$693,334

Up $86,347 (+14%) from 2017

Net Income

Down

-$143,014

Down $168,822 (-654%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $14,127,423Liabilities 2010: $12,961,844Net Assets 2010: $1,165,5792010Assets 2011: $14,143,222Liabilities 2011: $12,982,949Net Assets 2011: $1,160,2732011Assets 2012: $14,841,378Liabilities 2012: $13,623,035Net Assets 2012: $1,218,3432012Assets 2013: $15,020,790Liabilities 2013: $13,691,148Net Assets 2013: $1,329,6422013Assets 2014: $14,608,775Liabilities 2014: $13,133,284Net Assets 2014: $1,475,4912014Assets 2015: $14,333,377Liabilities 2015: $12,712,816Net Assets 2015: $1,620,5612015Assets 2016: $13,431,894Liabilities 2016: $11,733,753Net Assets 2016: $1,698,1412016Assets 2017: $14,973,294Liabilities 2017: $13,066,779Net Assets 2017: $1,906,5152017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0
Open 2018 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $721,5672010Expenses 2011: $677,7292011Revenue 2012: $605,071Expenses 2012: $547,001Net Income 2012: $58,0702012Revenue 2013: $620,370Expenses 2013: $509,071Net Income 2013: $111,2992013Revenue 2014: $648,934Expenses 2014: $503,085Net Income 2014: $145,8492014Revenue 2015: $695,947Expenses 2015: $550,877Net Income 2015: $145,0702015Revenue 2016: $652,331Expenses 2016: $574,751Net Income 2016: $77,5802016Revenue 2017: $632,795Expenses 2017: $606,987Net Income 2017: $25,8082017Revenue 2018: $550,320Expenses 2018: $693,334Net Income 2018: -$143,0142018

Highlighted filing

2018

Revenue$550,320
Expenses$693,334
Net Income-$143,014
Open 2018 Filing

Filings

Most recent year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$550,320
Expenses
$693,334
Net income
-$143,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.55$0.69$0.14
2017Detailed filing. Detailed filing data is available for this year.$15.0$13.1$1.91$0.63$0.61$0.03
2016Detailed filing. Detailed filing data is available for this year.$13.4$11.7$1.70$0.65$0.57$0.08
2015Detailed filing. Detailed filing data is available for this year.$14.3$12.7$1.62$0.70$0.55$0.15
2014Detailed filing. Detailed filing data is available for this year.$14.6$13.1$1.48$0.65$0.50$0.15
2013Detailed filing. Detailed filing data is available for this year.$15.0$13.7$1.33$0.62$0.51$0.11
2012Summary only. Only limited summary data is available for this year.$14.8$13.6$1.22$0.61$0.55$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$13.0$1.16$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$13.0$1.17$0.72
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Oct 31, 2018
Signed
Jun 27, 2019
Return Version
2018v3.1
Gross Receipts
$550,320
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 "owners".

To provide lending, savings, and other financial services to its qualifying members at terms generally better than available in the marketplace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,972,795$0▼ $6,972,795
Savings and Temporary Cash Investments$3,652,611$0▼ $3,652,611
Investments Program Related$3,346,043$0▼ $3,346,043
Rtn Earn Endowment Incm Other Fnds$1,906,515$0▼ $1,906,515
Land, Buildings, and Equipment, Net$467,411$0▼ $467,411
Cash and Non-Interest-Bearing Accounts$340,273$0▼ $340,273
Prepaid Expenses and Deferred Charges$44,727$0▼ $44,727
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$14,973,294$0▼ $14,973,294
Other Assets Total$149,434$0▼ $149,434
Liabilities
Other Liabilities$13,044,161$0▼ $13,044,161
Accounts Payable and Accrued Expenses$22,618$0▼ $22,618
Total Liabilities$13,066,779$0▼ $13,066,779
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,906,515$0▼ $1,906,515
Total Liabilities and Net Assets / Fund Balance$14,973,294$0▼ $14,973,294

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$316,555$171,895$488,450
Land$101,825-$101,825
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Joyce KalbakdalenPresident/CEOFT$104,163$104,163
Dana JenkinsDirector-$288$288
Bruce BjorgaardVice President-$264$264
Robert WoldPresident-$264$264
Ronnie SkalletSecretary-$240$240
David PaulsonDirector-$216$216
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$461,102
Investment Income
$89,218
Other Revenue
$0
Change in Net Assets
$-143,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$336,988
Other Expenses$334,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$180,922
Other Salaries and Wages---$166,071
Current Officers, Directors, Trustees, and Key Employees---$105,435
Depreciation Depletion---$51,963
Pension Plan Contributions---$22,831
Benefits to Members---$21,941
Other Employee Benefits---$21,364
Payroll Taxes---$21,287
Occupancy---$17,964
Travel---$5,711
Fees for Services Other---$4,000
Other Expenses---$2,667
Fees for Services Accounting---$700
All Other Expenses---$-25,000
Total Functional Expenses$0$0$0$693,334
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-
Receivables from Officers, Directors, Trustees, and Key Employees-$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
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, Part VI, Section A, Line 6

“The credit union has one class of members. Membership is open to employees of cp railroad, merit care nw hospital, merit care se clinic, digi-key, townsend pricing, arctic cat, jim dagg insurance, st john lutheran church and school. Membership is also open to blood relatives of members.”

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

“Members elect the board of directors.”

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

“Member approval is required to amend the certificate of organization and by-laws.”

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

“The completed form 990 is reviewed by the board of directors prior to submission to the irs.”

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

“Each board member and all staff of the credit union must complete a code of conduct affirmation form annually. The supervisory committee is responsible for follow-up on any suspicious activity evidenced from review of affirmation forms. The committee will report to the board of directors any findings that might compromise the integrity of the credit union or be in violation of the code of conduct policy.”

Form 990, Part VI, Section B, Line 15

“The board of directors review the salary of the ceo and approves raises. This process was completed in december 2017”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Soo Select Credit Union
EIN
41-0824078
Phone
2186812303
Address
1100 VAN ROOY DRIVE, THIEF RIVER FALLS, MN 56701

Signing Officer

Name
Joyce Kalbakdalen
Title
Chief Financial Officer
Phone
2186812303
Signed
2019-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joyce Kalbakdalen
Formed
1953
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
8

Preparer

Firm
Cliftonlarsonallen Llp
Address
109 N MAIN STREET SUITE 200, AUSTIN, MN 55912
Preparer
Tanya Medgaarden
Phone
5074347000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Net assets transfered in acquisition -1,763,501.”

Raw XML AppendixShowing 400 of 424 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
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01906515
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03652611
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0316555
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0171895
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0488450
IRS990ScheduleD/LandGrp/BookValueAmt0101825
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0101825
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0418380
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd00
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0NET LOANS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1CASH, SAVINGS, & TEMPORARY INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2OTHER ASSETS IN CORPORATE CREDIT UNIONS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3PREPAID EXPENSES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4LAND, BUILDING, & EQUIPMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5OTHER ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0WINGS FINANCIAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1WINGS FINANCIAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2WINGS FINANCIAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt3WINGS FINANCIAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt4WINGS FINANCIAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt5WINGS FINANCIAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02018-11-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12018-11-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22018-11-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32018-11-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt42018-11-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt52018-11-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0416028655
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1416028665
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2416028665
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN3416028665
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN4416028665
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN5416028665
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt06256370
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt13600726
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt24138834
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt36980
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt4418380
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt5164487
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt3501(C)14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt4501(C)14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt5501(C)14
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt4COST LESS ACCUMULATED DEPRECIATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt5BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt014985 GLAZIER AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt114985 GLAZIER AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt214985 GLAZIER AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt314985 GLAZIER AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt414985 GLAZIER AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt514985 GLAZIER AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0APPLE VALLEY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1APPLE VALLEY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2APPLE VALLEY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3APPLE VALLEY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm4APPLE VALLEY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm5APPLE VALLEY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1MN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2MN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3MN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd4MN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd5MN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd055124
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd155124
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd255124
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd355124
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd455124
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd555124
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAS ONE CLASS OF MEMBERS. MEMBERSHIP IS OPEN TO EMPLOYEES OF CP RAILROAD, MERIT CARE NW HOSPITAL, MERIT CARE SE CLINIC, DIGI-KEY, TOWNSEND PRICING, ARCTIC CAT, JIM DAGG INSURANCE, ST JOHN LUTHERAN CHURCH AND SCHOOL. MEMBERSHIP IS ALSO OPEN TO BLOOD RELATIVES OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBER APPROVAL IS REQUIRED TO AMEND THE CERTIFICATE OF ORGANIZATION AND BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPLETED FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH BOARD MEMBER AND ALL STAFF OF THE CREDIT UNION MUST COMPLETE A CODE OF CONDUCT AFFIRMATION FORM ANNUALLY. THE SUPERVISORY COMMITTEE IS RESPONSIBLE FOR FOLLOW-UP ON ANY SUSPICIOUS ACTIVITY EVIDENCED FROM REVIEW OF AFFIRMATION FORMS. THE COMMITTEE WILL REPORT TO THE BOARD OF DIRECTORS ANY FINDINGS THAT MIGHT COMPROMISE THE INTEGRITY OF THE CREDIT UNION OR BE IN VIOLATION OF THE CODE OF CONDUCT POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEW THE SALARY OF THE CEO AND APPROVES RAISES. THIS PROCESS WAS COMPLETED IN DECEMBER 2017
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NET ASSETS TRANSFERED IN ACQUISITION -1,763,501.
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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt014973294
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt014973294
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt0693334
IRS990/TotalGrossUBIAmt02319
IRS990/TotalLiabilitiesBOYAmt013066779
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt013066779
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01906515
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0461102
IRS990/TotalReportableCompFromOrgAmt0105435
IRS990/TotalRevenueGrp/ExclusionAmt089218
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0458783
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0550320
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02319
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014973294
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt05711
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01100 VAN ROOY DRIVE
IRS990/USAddress/CityNm0THIEF RIVER FALLS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056701
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SOOSELECTCU.VIRTUALCU.NET
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOYCE KALBAKDALEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02186812303
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOO SELECT CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SOOS
ReturnHeader/Filer/EIN0410824078
ReturnHeader/Filer/PhoneNum02186812303

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