Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Teamsters Credit Union
990 • Fiscal year 2017 • EIN 41-1227313
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.92x
Liabilities / Revenue
47th percentile
Higher debt load relative to revenue than 47% of similar nonprofits.
Net Margin
9th percentile
Higher net margin than 9% of similar nonprofits.
Top Officer Pay
73rd percentile
Higher top officer pay than 73% of similar nonprofits.
Top officer pay equals 16.2% of source-year revenue.
Asset Growth
78th percentile
Faster asset growth than 78% of similar nonprofits.
Revenue Growth
43rd percentile
Faster revenue growth than 43% of similar nonprofits.
Balance Sheet
Assets
Up$11,405,840
Up $524,366 (+4.8%) from 2016
Net Assets
Down$879,139
Down $51,287 (-5.5%) from 2016
Liabilities
Up$10,526,701
Up $575,653 (+5.8%) from 2016
Revenue And Expenses
Revenue
Up$551,271
Up $14,798 (+2.8%) from 2016
Expenses
Up$602,558
Up $78,619 (+15%) from 2016
Net Income
Down-$51,287
Down $63,821 (-509%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Apr 2, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $551,271
Mission and Program Overview
Mission
In the spirit of union pride: teamsters credit union pledges to help hard- working teamsters and their families by offering simple and fair loans. As a direct union-benefit provider, we are dedicated to building lifelong financial relationships by offering superior service to our members - one member at a time.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $6,772,883 | $7,146,418 | ▲ $373,535 |
| Investments Program Related | $1,320,562 | $2,316,562 | ▲ $996,000 |
| Savings and Temporary Cash Investments | $2,360,799 | $1,610,353 | ▼ $750,446 |
| Rtn Earn Endowment Incm Other Fnds | $930,426 | $879,139 | ▼ $51,287 |
| Cash and Non-Interest-Bearing Accounts | $295,781 | $197,053 | ▼ $98,728 |
| Land, Buildings, and Equipment, Net | $10,342 | $11,220 | ▲ $878 |
| Prepaid Expenses and Deferred Charges | $14,378 | $4,440 | ▼ $9,938 |
| Total Assets | $10,881,474 | $11,405,840 | ▲ $524,366 |
| Other Assets Total | $106,729 | $119,794 | ▲ $13,065 |
| Liabilities | |||
| Other Liabilities | $9,937,120 | $10,514,053 | ▲ $576,933 |
| Accounts Payable and Accrued Expenses | $13,928 | $12,648 | ▼ $1,280 |
| Total Liabilities | $9,951,048 | $10,526,701 | ▲ $575,653 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $930,426 | $879,139 | ▼ $51,287 |
| Total Liabilities and Net Assets / Fund Balance | $10,881,474 | $11,405,840 | ▲ $524,366 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $11,220 | $5,992 | $17,212 |
| Leasehold Improvements | - | $3,416 | $3,416 |
| Investment Program Related Org | $8,062 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Andrea Adams | President | FT | $67,980 | $21,382 | $89,362 |
| Shelly Nelson | Financial of | FT | $44,685 | $2,380 | $47,065 |
Board Members and Trustees
| Name | Title |
|---|---|
| Mike Winkel | Board Chair |
| Lonnie Norling | Vice Chair |
| Bill Reynolds | Director |
| Jeff Eckman | Director |
| Kristin Lundeen | Director |
| Paul Slattery | Director |
| Scott Oldenburg | Director |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $490
- Program Service Revenue
- $498,811
- Investment Income
- $51,970
- Other Revenue
- $0
- All Other Contributions
- $490
- Change in Net Assets
- $-51,287
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $344,935 |
| Salaries, Compensation, and Employee Benefits | $255,623 |
| Grants and Similar Amounts Paid | $2,000 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $112,665 |
| Other Salaries and Wages | - | - | - | $81,931 |
| Information Technology | - | - | - | $74,555 |
| Occupancy | - | - | - | $47,676 |
| Office Expenses | - | - | - | $40,697 |
| Other Employee Benefits | - | - | - | $37,567 |
| Other Expenses | - | - | - | $18,518 |
| Fees for Services Other | - | - | - | $17,240 |
| Payroll Taxes | - | - | - | $15,101 |
| Insurance | - | - | - | $10,107 |
| Conferences and Meetings | - | - | - | $9,643 |
| Pension Plan Contributions | - | - | - | $8,359 |
| Advertising | - | - | - | $7,183 |
| Depreciation Depletion | - | - | - | $5,992 |
| Grants to Domestic Orgs | - | - | - | $1,500 |
| Grants to Domestic Individuals | - | - | - | $500 |
| Total Functional Expenses | $0 | $0 | $0 | $602,558 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Memers Shares & Deposits | $10,514,053 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 6
“The organization has members. To be a member one must have a share (savings) account at the credit union.”
Form 990, Page 6, Part VI, Line 7A
“The board of directors is elected by the credit union members. Each member has one vote.”
Form 990, Page 6, Part VI, Line 7B
“A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.”
Form 990, Page 6, Part VI, Line 11B
“Management provides the necessary data to independent preparer who completes the return. Management reviews the return for accuracy, and then authorizes preparer to e-file the approved return. Management reviews the return with the board of directors at their next board meeting.”
Form 990, Page 6, Part VI, Line 12C
“The supervisory committee monitors the actions of the officials and key employees within the guidelines of the policy.”
Form 990, Page 6, Part VI, Line 15A
“The board of directors, at a regular board meeting, reviews management's performance and establishes a salary based on performance, budget and industry averages. This is approved and documented in the board minutes.”
Form 990, Page 6, Part VI, Line 15B
“The board of directors, at a regular board meeting, reviews management's performance and establishes a salary based on performance, budget and industry averages. This is approved and documented in the board minutes.”
Form 990, Page 6, Part VI, Line 19
“Governing documents and policy are available upon request. Financial statements are posted in the lobby of the credit union.”
Filing and Contact Details
Filer
- Filer Name
- Teamsters Credit Union
- EIN
- 41-1227313
- Phone
- 7632676300
- Address
- 9422 ULYSSES STREET NE SUITE 140, BLAINE, MN 55434
Signing Officer
- Name
- Andrea Adams
- Title
- President
- Phone
- 7632676304
- Signed
- 2018-04-02
Organization Details
- Principal Officer
- Andrea Adams
- Formed
- 1974
- Legal Domicile
- Mn
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 4
- Volunteers
- 9
Preparer
- Firm
- Audit Threesixty
- Address
- 1202 JOHNSON ST, ONALASKA, WI 54650-2008
- Preparer
- Peter Rasmussen
- Phone
- 6083173765
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“In the spirit of union pride: teamsters credit union pledges to help hard- working teamsters and their families by offering simple and fair loans. As a direct union-benefit provider, we are dedicated to building lifelong financial relationships by offering superior service to our members - one member at a time.”
Raw XML Appendix357 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/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 13928 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 12648 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | IN THE SPIRIT OF UNION PRIDE: TEAMSTERS CREDIT UNION PLEDGES TO HELP HARD- WORKING TEAMSTERS AND THEIR FAMILIES BY OFFERING SIMPLE AND FAIR LOANS. AS A DIRECT UNION-BENEFIT PROVIDER, WE ARE DEDICATED TO BUILDING LIFELONG FINANCIAL RELATIONSHIPS BY OFFERING SUPERIOR SERVICE TO OUR MEMBERS - ONE MEMBER AT A TIME. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 7183 |
| IRS990/AllOtherContributionsAmt | 0 | 490 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | SHELLY NELSON |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7632676300 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 9422 ULYSSES ST NE SUITE 140 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BLAINE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55434 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 295781 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 197053 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 112665 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
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| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 490 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 2000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 51970 |
| IRS990/CYOtherExpensesAmt | 0 | 344935 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 498811 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -51287 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 255623 |
| IRS990/CYTotalExpensesAmt | 0 | 602558 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 551271 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 5992 |
| IRS990/Desc | 0 | THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 156 NEW DEPOSIT ACCOUNTS IN 2017. AS OF 12/31/17 WE HAD 1,961 MEMBERS. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 4 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 17240 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 38.00 |
| 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/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | 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 | 21382 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 2380 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MIKE WINKEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | LONNIE NORLING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KRISTIN LUNDEEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | JEFF ECKMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | PAUL SLATTERY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | SCOTT OLDENBURG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | BILL REYNOLDS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | ANDREA ADAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | SHELLY NELSON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 44685 |
| 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/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| 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/Form990PartVIISectionAGrp/TitleTxt | 8 | FINANCIAL OF |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1974 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 500 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 1500 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 551271 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 74555 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 10107 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 51970 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 51970 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 1320562 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 2316562 |
| IRS990/IRPDocumentCnt | 0 | 157 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 9408 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 10342 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 11220 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 20628 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | IN THE SPIRIT OF UNION PRIDE: TEAMSTERS CREDIT UNION PLEDGES TO HELP HARD- WORKING TEAMSTERS AND THEIR FAMILIES BY OFFERING SIMPLE AND FAIR LOANS. AS A DIRECT UNION-BENEFIT PROVIDER, WE ARE DEDICATED TO BUILDING LIFELONG FINANCIAL RELATIONSHIPS BY OFFERING SUPERIOR SERVICE TO OUR MEMBERS - ONE MEMBER AT A TIME. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 930426 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 879139 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 47676 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 40697 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 119794 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 37567 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/Desc | 1 | DIVIDENDS EXPENSE |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 113324 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 18518 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 9937120 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 10514053 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 81931 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 6772883 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 7146418 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 15101 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 8359 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 14378 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 4440 |
| IRS990/PrincipalOfficerNm | 0 | ANDREA ADAMS |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522130 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522130 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 522130 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INTEREST ON LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | MEMBER FEE INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | OTHER MEMBER REVENUE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 377922 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 80662 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 40227 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 377922 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 80662 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 40227 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 709 NEW LOANS TO MEMBERS DURING 2017. AS OF 12/31/17 WE HAD 977 LOANS TO OUR MEMBERS. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 259 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 1500 |
| IRS990/PYInvestmentIncomeAmt | 0 | 28428 |
| IRS990/PYOtherExpensesAmt | 0 | 264167 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 507786 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 12534 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 258272 |
| IRS990/PYTotalExpensesAmt | 0 | 523939 |
| IRS990/PYTotalRevenueAmt | 0 | 536473 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -51287 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | true |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 930426 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 879139 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 2360799 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1610353 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 11220 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 5992 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 17212 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 2296000 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 1 | 12500 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 2 | 8062 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | INVESTMENTS WITH MATURITY > 1 YEAR |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 1 | CU MORTGAGE CUSO |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 2 | ALLOYA CAPITAL SHARES |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 2 | C |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 3416 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 3416 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 10514053 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMERS SHARES & DEPOSITS |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 11220 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 2316562 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 10514053 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | IN THE SPIRIT OF UNION PRIDE: TEAMSTERS CREDIT UNION PLEDGES TO HELP HARD- WORKING TEAMSTERS AND THEIR FAMILIES BY OFFERING SIMPLE AND FAIR LOANS. AS A DIRECT UNION-BENEFIT PROVIDER, WE ARE DEDICATED TO BUILDING LIFELONG FINANCIAL RELATIONSHIPS BY OFFERING SUPERIOR SERVICE TO OUR MEMBERS - ONE MEMBER AT A TIME. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | MANAGEMENT PROVIDES THE NECESSARY DATA TO INDEPENDENT PREPARER WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE BOARD OF DIRECTORS AT THEIR NEXT BOARD MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE SUPERVISORY COMMITTEE MONITORS THE ACTIONS OF THE OFFICIALS AND KEY EMPLOYEES WITHIN THE GUIDELINES OF THE POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE BOARD OF DIRECTORS, AT A REGULAR BOARD MEETING, REVIEWS MANAGEMENT'S PERFORMANCE AND ESTABLISHES A SALARY BASED ON PERFORMANCE, BUDGET AND INDUSTRY AVERAGES. THIS IS APPROVED AND DOCUMENTED IN THE BOARD MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE BOARD OF DIRECTORS, AT A REGULAR BOARD MEETING, REVIEWS MANAGEMENT'S PERFORMANCE AND ESTABLISHES A SALARY BASED ON PERFORMANCE, BUDGET AND INDUSTRY AVERAGES. THIS IS APPROVED AND DOCUMENTED IN THE BOARD MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | GOVERNING DOCUMENTS AND POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 10881474 |
| IRS990/TotalAssetsEOYAmt | 0 | 11405840 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 10881474 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 11405840 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 490 |
| IRS990/TotalEmployeeCnt | 0 | 4 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 602558 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 9951048 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 10526701 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 9951048 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 10526701 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 930426 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 879139 |
| IRS990/TotalOtherCompensationAmt | 0 | 23762 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 498811 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 112665 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 51970 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 498811 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 551271 |
| IRS990/TotalVolunteersCnt | 0 | 9 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 10881474 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 11405840 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 9422 ULYSSES ST NE SUITE 140 |
| IRS990/USAddress/CityNm | 0 | BLAINE |
| IRS990/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/USAddress/ZIPCd | 0 | 55434 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | WWW.MNTEAMSTERSCU.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ANDREA ADAMS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7632676304 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-04-02 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | TEAMSTERS CREDIT UNION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | TEAM |
| ReturnHeader/Filer/EIN | 0 | 411227313 |
| ReturnHeader/Filer/PhoneNum | 0 | 7632676300 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 9422 ULYSSES STREET NE SUITE 140 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BLAINE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55434 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 9BC338CFDC890234D28751759F3912E6BC56CABB |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 9BC338CFDC890234D28751759F3912E6BC56CABB |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 97.88.144.85 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-04-04 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 17:05:42 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 811697509 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | AUDIT THREESIXTY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1202 JOHNSON ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ONALASKA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | WI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 546502008 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6083173765 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-04-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | PETER RASMUSSEN |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2018-04-04T17:05:42-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
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
- $11,405,840
- Liabilities
- $10,526,701
- Net assets
- $879,139
- Revenue
- $551,271
- Expenses
- $602,558
- Net income
- -$51,287