Civic Intelligence

Pipefitters Steamfitters Credit Union

990 • Fiscal year 2012 • EIN 41-0843373

Jan 01, 2012 to Dec 31, 2012 • Filed on May 29, 2013

411 Main Street Suite 10255102
Siviq Scores

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

Liabilities / Assets

30th percentile

0.85x

Higher debt load relative to assets than 30% of similar nonprofits.

2012 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

28th percentile

1.4%

Faster asset growth than 28% of similar nonprofits.

2012 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$27,263,205

Up $378,290 (+1.4%) from 2011

Net Assets

Down

$4,019,068

Down $50,837 (-1.2%) from 2011

Liabilities

Up

$23,244,137

Up $429,127 (+1.9%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,081,128

Up $89,749 (+9.1%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $27,335,998Liabilities 2010: $23,378,588Net Assets 2010: $3,957,4102010Assets 2011: $26,884,915Liabilities 2011: $22,815,010Net Assets 2011: $4,069,9052011Assets 2012: $27,263,205Liabilities 2012: $23,244,137Net Assets 2012: $4,019,0682012Assets 2013: $30,356,236Liabilities 2013: $26,176,526Net Assets 2013: $4,179,7102013Assets 2014: $31,045,067Liabilities 2014: $27,008,853Net Assets 2014: $4,036,2142014Assets 2015: $33,182,128Liabilities 2015: $29,062,229Net Assets 2015: $4,119,8992015Assets 2016: $35,013,062Liabilities 2016: $30,785,866Net Assets 2016: $4,227,1962016Assets 2017: $36,670,317Liabilities 2017: $32,401,751Net Assets 2017: $4,268,5662017Assets 2018: $39,788,405Liabilities 2018: $35,363,693Net Assets 2018: $4,424,7122018Assets 2019: $44,436,709Liabilities 2019: $39,721,475Net Assets 2019: $4,715,2342019Assets 2020: $48,811,724Liabilities 2020: $43,932,646Net Assets 2020: $4,879,0782020Assets 2021: $53,259,112Liabilities 2021: $48,277,111Net Assets 2021: $4,982,0012021Assets 2022: $55,270,773Liabilities 2022: $50,105,323Net Assets 2022: $5,165,4502022Assets 2023: $51,735,962Liabilities 2023: $46,264,411Net Assets 2023: $5,471,5512023Assets 2024: $50,468,925Liabilities 2024: $44,502,320Net Assets 2024: $5,966,6052024

Highlighted filing

2012

Assets$27,263,205
Liabilities$23,244,137
Net Assets$4,019,068

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,085,8412010Revenue 2011: $1,103,874Expenses 2011: $991,379Net Income 2011: $112,4952011Expenses 2012: $1,081,1282012Revenue 2013: $968,064Expenses 2013: $807,422Net Income 2013: $160,6422013Revenue 2014: $973,033Expenses 2014: $1,116,529Net Income 2014: -$143,4962014Revenue 2015: $1,106,627Expenses 2015: $1,027,688Net Income 2015: $78,9392015Revenue 2016: $1,176,326Expenses 2016: $1,069,030Net Income 2016: $107,2962016Revenue 2017: $1,308,772Expenses 2017: $1,267,402Net Income 2017: $41,3702017Revenue 2018: $1,575,500Expenses 2018: $1,419,354Net Income 2018: $156,1462018Revenue 2019: $1,879,430Expenses 2019: $1,588,910Net Income 2019: $290,5202019Revenue 2020: $1,823,684Expenses 2020: $1,659,840Net Income 2020: $163,8442020Revenue 2021: $1,752,251Expenses 2021: $1,649,330Net Income 2021: $102,9212021Revenue 2022: $1,998,377Expenses 2022: $1,814,928Net Income 2022: $183,4492022Revenue 2023: $2,360,509Expenses 2023: $1,947,910Net Income 2023: $412,5992023Revenue 2024: $2,829,007Expenses 2024: $2,333,953Net Income 2024: $495,0542024

Highlighted filing

2012

Revenue-
Expenses$1,081,128
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 29, 2013
Return Version
2012v2.1
Gross Receipts
$1,030,291
Mission and Program Overview

Mission

Provide financial services for members and their families of union local 455.

Major Activities

Activity 2
The cu provides savings deposit services, originates new loans and services the loan portfolio for members.
Activity 3
The credit union provides access to members to their accounts electronically and in person at the credit union.
Filing and Contact Details

Filer

EIN
41-0843373
Raw XML Appendix372 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/Activity3/Description0THE CREDIT UNION PROVIDES ACCESS TO MEMBERS TO THEIR ACCOUNTS ELECTRONICALLY AND IN PERSON AT THE CREDIT UNION.
IRS990/ActivityOrMissionDescription0TO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS OF MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 3,205 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS.
IRS990ScheduleO/GeneralExplanation/Explanation1ALL MEMBERS HAVE ONE VOTE WHEN ELECTING THE BOARD MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation2ANY SUCH APPROVAL IS DISCUSSED AND VOTED ON AT THE ANNUAL MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation3MANAGEMENT REVIEWS THE 990 BEFORE AND AFTER IT IS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation4ALL CREDIT UNION EMPLOYEES AND VOLUNTEERS ANNUALLY REVIEW AND SIGN FRAUD POLICY AND CONFIDENTIALITY STATEMENT WHICH ARE KEPT IN BOARD MINUTES. POST MANAGEMENT REVIEW REPORTS ARE REVIEWED DAILY FOR TRANSACTIONS WHICH WOULD DEMONSTRATE CONFLICTS OF INTEREST.
IRS990ScheduleO/GeneralExplanation/Explanation5THE CREDIT UNION USES A BOARD APPOINTED COMPENSATION COMMITTEE AND ALSO REVIEWS CUNA COMPLETE CREDIT UNION STAFF SALARY SURVEY.
IRS990ScheduleO/GeneralExplanation/Explanation6THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH POSTINGS IN THE OFFICE AND ON THE NATIONAL CREDIT UNION ADMINISTRATION WEBSITE.
IRS990ScheduleO/GeneralExplanation/Explanation7THE AGREED UPON PROCEDURES WERE DONE AS OF 9/30. THEREFORE, THE REPORTING PERIOD FOR THE AGREED UPON PROCEDURES DOES NOT MATCH THE REPORTING PERIOD FOR THE 990.
IRS990ScheduleO/GeneralExplanation/Explanation8THE SUPERVISORY COMMITTEE OVERSEES THE AGREED UPON PROCEDURES AND THE SELECTION OF AN INDEPENDENT ACCCOUNTANT.
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IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
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ReturnHeader/Officer/Name0JAMES S KAVALOSKI
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ReturnHeader/PreparerFirm/EIN0410746749
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10CLIFTONLARSONALLEN LLP
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ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode055912
ReturnHeader/Preparer/Name0RICHARD J GABRIELSON
ReturnHeader/Preparer/Phone05074347000
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-06-03T10:48:38-05:00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$50.5$44.5$5.97$2.83$2.33$0.50
2023Detailed filing. Detailed filing data is available for this year.$51.7$46.3$5.47$2.36$1.95$0.41
2022Detailed filing. Detailed filing data is available for this year.$55.3$50.1$5.17$2.00$1.81$0.18
2021Detailed filing. Detailed filing data is available for this year.$53.3$48.3$4.98$1.75$1.65$0.10
2020Detailed filing. Detailed filing data is available for this year.$48.8$43.9$4.88$1.82$1.66$0.16
2019Detailed filing. Detailed filing data is available for this year.$44.4$39.7$4.72$1.88$1.59$0.29
2018Detailed filing. Detailed filing data is available for this year.$39.8$35.4$4.42$1.58$1.42$0.16
2017Detailed filing. Detailed filing data is available for this year.$36.7$32.4$4.27$1.31$1.27$0.04
2016Detailed filing. Detailed filing data is available for this year.$35.0$30.8$4.23$1.18$1.07$0.11
2015Detailed filing. Detailed filing data is available for this year.$33.2$29.1$4.12$1.11$1.03$0.08
2014Detailed filing. Detailed filing data is available for this year.$31.0$27.0$4.04$0.97$1.12$0.14
2013Detailed filing. Detailed filing data is available for this year.$30.4$26.2$4.18$0.97$0.81$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.3$23.2$4.02$1.08
2011Summary only. Only limited summary data is available for this year.$26.9$22.8$4.07$1.10$0.99$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.3$23.4$3.96$1.09