Civic Intelligence

Leading Edge Credit Union

990 • Fiscal year 2019 • EIN 41-1563619

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 14, 2020

Organization ProfileFULDAAREACREDITUNION.COM

View Organization Page

205 N St Paul AveFulda, MN 56131-0329

(507) 425-2544

Siviq Scores

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

Liabilities / Assets

69th percentile

0.90x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

41st percentile

15.56x

Higher debt load relative to revenue than 41% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Net Margin

5th percentile

1.6%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

35th percentile

$188,685

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Asset Growth

33rd percentile

2.3%

Faster asset growth than 33% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

3.7%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$121,644,692

Up $2,717,074 (+2.3%) from 2018

Net Assets

Up

$12,142,607

Up $137,240 (+1.1%) from 2018

Liabilities

Up

$109,502,085

Up $2,579,834 (+2.4%) from 2018

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin5th percentile

Revenue

Up

$7,038,377

Up $248,807 (+3.7%) from 2018

Expenses

Up

$6,923,233

Up $835,457 (+14%) from 2018

Net Income

Down

$115,144

Down $586,650 (-84%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$150M$100M$50M$0Assets 2010: $60,837,776Liabilities 2010: $54,374,539Net Assets 2010: $6,463,2372010Assets 2011: $65,420,167Liabilities 2011: $58,690,763Net Assets 2011: $6,729,4042011Assets 2012: $71,439,737Liabilities 2012: $64,212,520Net Assets 2012: $7,227,2172012Assets 2013: $73,273,584Liabilities 2013: $65,234,976Net Assets 2013: $8,038,6082013Assets 2015: $88,902,320Liabilities 2015: $78,962,549Net Assets 2015: $9,939,7712015Assets 2016: $100,084,947Liabilities 2016: $89,450,978Net Assets 2016: $10,633,9692016Assets 2017: $114,802,502Liabilities 2017: $103,498,929Net Assets 2017: $11,303,5732017Assets 2018: $118,927,618Liabilities 2018: $106,922,251Net Assets 2018: $12,005,3672018Assets 2019: $121,644,692Liabilities 2019: $109,502,085Net Assets 2019: $12,142,6072019Assets 2020: $135,956,726Liabilities 2020: $123,830,223Net Assets 2020: $12,126,5032020Assets 2021: $143,432,418Liabilities 2021: $131,556,206Net Assets 2021: $11,876,2122021Assets 2022: $149,217,727Liabilities 2022: $138,253,879Net Assets 2022: $10,963,8482022Assets 2023: $145,079,805Liabilities 2023: $133,965,529Net Assets 2023: $11,114,2762023Assets 2024: $142,881,801Liabilities 2024: $131,254,338Net Assets 2024: $11,627,4632024

Highlighted filing

2019

Assets$121,644,692
Liabilities$109,502,085
Net Assets$12,142,607
Open 2019 Filing

Operations Trend

Revenue Growth18th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $3,172,7912010Expenses 2011: $3,111,8672011Expenses 2012: $3,145,0152012Revenue 2013: $4,064,502Expenses 2013: $3,251,314Net Income 2013: $813,1882013Revenue 2015: $5,099,810Expenses 2015: $4,164,254Net Income 2015: $935,5562015Revenue 2016: $5,539,832Expenses 2016: $4,845,634Net Income 2016: $694,1982016Revenue 2017: $6,221,941Expenses 2017: $5,552,337Net Income 2017: $669,6042017Revenue 2018: $6,789,570Expenses 2018: $6,087,776Net Income 2018: $701,7942018Revenue 2019: $7,038,377Expenses 2019: $6,923,233Net Income 2019: $115,1442019Revenue 2020: $6,671,151Expenses 2020: $6,780,328Net Income 2020: -$109,1772020Revenue 2021: $7,366,161Expenses 2021: $7,278,149Net Income 2021: $88,0122021Revenue 2022: $7,569,554Expenses 2022: $7,236,877Net Income 2022: $332,6772022Revenue 2023: $8,422,524Expenses 2023: $8,561,409Net Income 2023: -$138,8852023Revenue 2024: $9,335,392Expenses 2024: $9,207,876Net Income 2024: $127,5162024

Highlighted filing

2019

Revenue$7,038,377
Expenses$6,923,233
Net Income$115,144
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 14, 2020
Return Version
2019v5.1
Gross Receipts
$7,093,678
Mission and Program Overview

Mission

Member owned financial services

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$99,746,341$97,185,337▼ $2,561,004
Savings and Temporary Cash Investments$9,683,472$12,206,704▲ $2,523,232
Rtn Earn Endowment Incm Other Fnds$12,005,367$12,142,607▲ $137,240
Land, Buildings, and Equipment, Net$5,401,705$5,354,778▼ $46,927
Investments Other Securities-$2,388,000-
Cash and Non-Interest-Bearing Accounts$1,223,223$1,906,894▲ $683,671
Receivables From Officers Etc$976,842--
Prepaid Expenses and Deferred Charges$148,013$139,060▼ $8,953
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$118,927,618$121,644,692▲ $2,717,074
Other Assets Total$1,748,022$2,463,919▲ $715,897
Liabilities
Other Liabilities$106,244,785$108,739,870▲ $2,495,085
Accounts Payable and Accrued Expenses$677,466$762,215▲ $84,749
Total Liabilities$106,922,251$109,502,085▲ $2,579,834
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,005,367$12,142,607▲ $137,240
Total Liabilities and Net Assets / Fund Balance$118,927,618$121,644,692▲ $2,717,074

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,141,247$962,093$5,103,340
Equipment$601,791$996,959$1,598,750
Land$595,594-$595,594
Leasehold Improvements$16,146$21,857$38,003
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda JacobsonCEO & PresidentFT$172,652$16,033$188,685
Kent BargfredeChief Lending OfficerFT$160,000$6,388$166,388
Laura HonkenCIOFT$88,009-$88,009
Chad EkenVP Commercial LendingFT$71,168-$71,168
Chad MerrihewCEO & PresidentFT$68,270-$68,270
Brandie SwensonVP AccountingFT$58,673-$58,673
Tanley BuckentinVP Sales and ServiceFT$57,744-$57,744
Veronica MirelesVP Human ResourcesFT$46,921-$46,921
Voris SpittleBoard Member-$4,537-$4,537
Randy DonahueChairman-$4,488-$4,488
Phyllis BrunkSecretary & Treasurer-$3,855-$3,855
Mike LoosebrockVice Chairman-$3,190-$3,190
Tony VanderboschBoard Member-$2,782-$2,782
Rodney ByamBoard Member-$2,750-$2,750

Board Members and Trustees

NameTitle
Thomas MartinAsst Secretary & Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
LscDebit And Credit Card ProcessingPO BOX 3107, Naperville, IL 60566-0710$320,603
FinastraData ProcessingPO BOX 535120, Atlanta, GA 30353-5120$302,929
Eo JohnsonIt ServicesPO BOX 629, Wausau, WI 54402-0629$100,992
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,874,231
Investment Income
$164,146
Other Revenue
$0
Change in Net Assets
$115,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,085,837
Other Expenses$2,609,950
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,800,116--$1,800,116
Office Expenses$1,379,388--$1,379,388
Benefits to Members$1,227,446--$1,227,446
Current Officers, Directors, Trustees, and Key Employees$767,460--$767,460
Depreciation Depletion$299,908--$299,908
Other Employee Benefits$277,070--$277,070
Occupancy$254,322--$254,322
Payroll Taxes$188,264--$188,264
Advertising$173,358--$173,358
Conferences and Meetings$76,781--$76,781
Fees for Services Accounting$76,728--$76,728
Pension Plan Contributions$52,927--$52,927
Fees for Services Management$22,329--$22,329
Fees for Services Legal$18,703--$18,703
Interest$238--$238
Other Expenses$54--$54
Total Functional Expenses$6,923,233$0$0$6,923,233
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 Officers, Directors, Trustees, and Key Employees$976,842--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Share Certificates$42,732,581
Share Drafts$20,087,606
Regular Shares$19,587,634
Money Market Shares$19,477,154
Ira/keogh Accounts$6,854,895
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 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“MEMBERS”

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

“Our members elect our board of directors.”

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

“Some bylaw changes require approval by our membership.”

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

“Our supervisory committee reviews the return prior to filing.”

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

“Each employee is to fill out the form annually; restrictions are placed so employee is blocked from making transactions on those accounts.”

Form 990, Part VI, Section C, Line 19

“POSTED IN OUR LOBBIES.”

Filing and Contact Details

Filer

Filer Name
Fulda Area Credit Union
EIN
41-1563619
Phone
5074252544
Address
205 N ST PAUL AVE, FULDA, MN 56131-0329

Signing Officer

Name
Brandie Swenson
Title
VP Accounting
Phone
5074252544
Signed
2020-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Merrihew
Formed
1986
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
66
Volunteers
10

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:

“Investment in cuso 22,096.”

Financial Statement Notes

PART X, LINE 2:

“The credit union is exempt, under irc 501(c)(14), from federal and state income taxes. The credit union filed tax returns in the past (beginning in 2014) for any activities deemed taxable. Prior to that, the credit union did not file tax returns for activities deemed taxable. The taxing authorities have the ability to assess taxes, penalties, and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authories imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the credit union's expempt 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 material uncertain tax posisitons exist as of september 30, 2019 and 2018. The credit union's 2015 through 2018 tax years are open for examination by federal and state taxing authorities.”

Raw XML AppendixShowing 400 of 521 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASST SECRETARY & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO & PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP COMMERCIAL LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO & PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP ACCOUNTING
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP SALES AND SERVICE
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP HUMAN RESOURCES
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-55301
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07093678
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt0238
IRS990/InterestGrp/TotalAmt0238
IRS990/InvestmentIncomeGrp/ExclusionAmt0219447
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0219447
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02388000
IRS990/IRPDocumentCnt02750
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01980909
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05401705
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05354778
IRS990/LandBldgEquipCostOrOtherBssAmt07335687
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt055301
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MEMBER OWNED FINANCIAL SERVICES
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt012005367
IRS990/NetAssetsOrFundBalancesEOYAmt012142607
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-55301
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-55301
IRS990/NetUnrelatedBusTxblIncmAmt012149
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0254322
IRS990/OccupancyGrp/TotalAmt0254322
IRS990/OfficeExpensesGrp/ProgramServicesAmt01379388
IRS990/OfficeExpensesGrp/TotalAmt01379388
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01748022
IRS990/OtherAssetsTotalGrp/EOYAmt02463919
IRS990/OtherChangesInNetAssetsAmt022096
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0277070
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0277070
IRS990/OtherExpensesGrp/Desc0OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc3OTHER PROFESSIONAL EXPE
IRS990/OtherExpensesGrp/ProgramServicesAmt0115645
IRS990/OtherExpensesGrp/ProgramServicesAmt1115170
IRS990/OtherExpensesGrp/ProgramServicesAmt277326
IRS990/OtherExpensesGrp/ProgramServicesAmt354
IRS990/OtherExpensesGrp/TotalAmt0115645
IRS990/OtherExpensesGrp/TotalAmt1115170
IRS990/OtherExpensesGrp/TotalAmt277326
IRS990/OtherExpensesGrp/TotalAmt354
IRS990/OtherLiabilitiesGrp/BOYAmt0106244785
IRS990/OtherLiabilitiesGrp/EOYAmt0108739870
IRS990/OtherOrganizationDsc0CU
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01800116
IRS990/OtherSalariesAndWagesGrp/TotalAmt01800116
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt099746341
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt097185337
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0188264
IRS990/PayrollTaxesGrp/TotalAmt0188264
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt052927
IRS990/PensionPlanContributionsGrp/TotalAmt052927
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0148013
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0139060
IRS990/PrincipalOfficerNm0CHAD MERRIHEW
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/Desc3CROP INSURANCE COMMISS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05352572
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1982014
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2447631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05352572
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11001623
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2447631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt372405
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt019609
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt172405
IRS990/ProgSrvcAccomActy2Grp/Desc0DEPOSITS - CURRENTLY HAVE $108 MILLION IN DEPOSITS HELD BY OUR 10,262 MEMBERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0111742
IRS990/PYOtherExpensesAmt03200076
IRS990/PYOtherRevenueAmt024533
IRS990/PYProgramServiceRevenueAmt06653295
IRS990/PYRevenuesLessExpensesAmt0701794
IRS990/PYSalariesCompEmpBnftPaidAmt02887700
IRS990/PYTotalExpensesAmt06087776
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06789570
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0976842
IRS990/ReconcilationRevenueExpnssAmt0115144
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012005367
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012142607
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09683472
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012206704
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04141247
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0962093
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05103340
IRS990ScheduleD/EquipmentGrp/BookValueAmt0601791
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0996959
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01598750
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0595594
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0595594
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt016146
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt021857
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt038003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020087606
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119587634
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt219477154
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt342732581
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt46854895
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4IRA/KEOGH ACCOUNTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION FILED TAX RETURNS IN THE PAST (BEGINNING IN 2014) FOR ANY ACTIVITIES DEEMED TAXABLE. PRIOR TO THAT, THE CREDIT UNION DID NOT FILE TAX RETURNS FOR ACTIVITIES DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXPEMPT 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 MATERIAL UNCERTAIN TAX POSISITONS EXIST AS OF SEPTEMBER 30, 2019 AND 2018. THE CREDIT UNION'S 2015 THROUGH 2018 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05354778
IRS990ScheduleD/TotalLiabilityAmt0108739870
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0172652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1160000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt012800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03233
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt16388
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$121,644,692
Liabilities
$109,502,085
Net assets
$12,142,607
Revenue
$7,038,377
Expenses
$6,923,233
Net income
$115,144
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$143$131$11.6$9.34$9.21$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$145$134$11.1$8.42$8.56$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$149$138$11.0$7.57$7.24$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$143$132$11.9$7.37$7.28$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$136$124$12.1$6.67$6.78$0.11
2019Detailed filing. Detailed filing data is available for this year.$122$110$12.1$7.04$6.92$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$119$107$12.0$6.79$6.09$0.70
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$115$103$11.3$6.22$5.55$0.67
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$100$89.5$10.6$5.54$4.85$0.69
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$88.9$79.0$9.94$5.10$4.16$0.94
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$73.3$65.2$8.04$4.06$3.25$0.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.4$64.2$7.23$3.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.4$58.7$6.73$3.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.8$54.4$6.46$3.17
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)14 • $100M-$250M nonprofits