Civic Intelligence

Sharepoint Credit Union

990 • Fiscal year 2014 • EIN 41-6024250

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 27, 2015

Organization ProfileWWW.SHAREPOINTCU.COM

View Organization Page

750 Second Street NE No 200Hopkins, MN 55343

(952) 930-0700

Siviq Scores

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

Liabilities / Assets

34th percentile

0.88x

Higher debt load relative to assets than 34% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

53rd percentile

18.47x

Higher debt load relative to revenue than 53% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Net Margin

55th percentile

12%

Higher net margin than 55% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

82nd percentile

$277,438

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Asset Growth

16th percentile

0.2%

Faster asset growth than 16% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

29th percentile

-0.9%

Faster revenue growth than 29% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$182,829,558

Up $419,400 (+0.2%) from 2013

Net Assets

Up

$21,951,383

Up $1,227,431 (+5.9%) from 2013

Liabilities

Down

$160,878,175

Down $808,031 (-0.5%) from 2013

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin55th percentile

Revenue

Down

$8,711,891

Down $78,593 (-0.9%) from 2013

Expenses

Down

$7,697,271

Down $85,058 (-1.1%) from 2013

Net Income

Up

$1,014,620

Up $6,465 (+0.6%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$400M$300M$200M$100M$0Assets 2008: $151,646,130Liabilities 2008: $131,386,182Net Assets 2008: $20,259,9482008Assets 2009: $175,499,320Liabilities 2009: $156,652,646Net Assets 2009: $18,846,6742009Assets 2010: $169,143,835Liabilities 2010: $149,573,209Net Assets 2010: $19,570,6262010Assets 2011: $172,935,635Liabilities 2011: $153,237,055Net Assets 2011: $19,698,5802011Assets 2012: $178,033,155Liabilities 2012: $157,867,427Net Assets 2012: $20,165,7282012Assets 2013: $182,410,158Liabilities 2013: $161,686,206Net Assets 2013: $20,723,9522013Assets 2014: $182,829,558Liabilities 2014: $160,878,175Net Assets 2014: $21,951,3832014Assets 2015: $190,783,274Liabilities 2015: $168,029,096Net Assets 2015: $22,754,1782015Assets 2016: $193,617,596Liabilities 2016: $169,918,263Net Assets 2016: $23,699,3332016Assets 2017: $200,148,899Liabilities 2017: $175,667,430Net Assets 2017: $24,481,4692017Assets 2018: $234,856,842Liabilities 2018: $207,079,783Net Assets 2018: $27,777,0592018Assets 2019: $240,631,362Liabilities 2019: $211,254,083Net Assets 2019: $29,377,2792019Assets 2020: $273,724,274Liabilities 2020: $243,295,754Net Assets 2020: $30,428,5202020Assets 2021: $305,038,768Liabilities 2021: $273,420,943Net Assets 2021: $31,617,8252021Assets 2022: $301,847,675Liabilities 2022: $277,243,214Net Assets 2022: $24,604,4612022Assets 2023: $298,126,897Liabilities 2023: $270,493,328Net Assets 2023: $27,633,5692023Assets 2024: $379,067,778Liabilities 2024: $345,224,240Net Assets 2024: $33,843,5382024

Highlighted filing

2014

Assets$182,829,558
Liabilities$160,878,175
Net Assets$21,951,383
Open 2014 Filing

Operations Trend

Revenue Growth29th percentile

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

$20M$10M$0-$10MRevenue 2008: $10,597,635Expenses 2008: $10,325,019Net Income 2008: $272,6162008Revenue 2009: $10,203,867Expenses 2009: $13,205,760Net Income 2009: -$3,001,8932009Revenue 2010: $9,657,487Expenses 2010: $9,097,071Net Income 2010: $560,4162010Revenue 2011: $8,714,845Expenses 2011: $8,653,817Net Income 2011: $61,0282011Revenue 2012: $8,341,545Expenses 2012: $7,837,807Net Income 2012: $503,7382012Revenue 2013: $8,790,484Expenses 2013: $7,782,329Net Income 2013: $1,008,1552013Revenue 2014: $8,711,891Expenses 2014: $7,697,271Net Income 2014: $1,014,6202014Revenue 2015: $8,707,606Expenses 2015: $7,535,472Net Income 2015: $1,172,1342015Revenue 2016: $9,086,653Expenses 2016: $8,199,739Net Income 2016: $886,9142016Revenue 2017: $9,368,856Expenses 2017: $8,478,511Net Income 2017: $890,3452017Revenue 2018: $11,143,898Expenses 2018: $10,136,162Net Income 2018: $1,007,7362018Revenue 2019: $12,074,874Expenses 2019: $10,840,031Net Income 2019: $1,234,8432019Revenue 2020: $11,851,252Expenses 2020: $11,146,394Net Income 2020: $704,8582020Revenue 2021: $12,754,371Expenses 2021: $10,093,236Net Income 2021: $2,661,1352021Revenue 2022: $12,280,437Expenses 2022: $10,449,938Net Income 2022: $1,830,4992022Revenue 2023: $13,123,452Expenses 2023: $12,464,305Net Income 2023: $659,1472023Revenue 2024: $19,969,080Expenses 2024: $19,677,818Net Income 2024: $291,2622024

Highlighted filing

2014

Revenue$8,711,891
Expenses$7,697,271
Net Income$1,014,620
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 27, 2015
Return Version
2014v5.0
Gross Receipts
$29,652,554
Mission and Program Overview

Mission

The credit union's mission is to offer competitive loan and deposit products to our membership to create lifelong financial relationships.

The credit union's mission is to offer competitive deposit and loan products to our membership to create lifelong financial relationships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$120,792,370$124,270,037▲ $3,477,667
Investments in Publicly Traded Securities$41,845,522$40,481,835▼ $1,363,687
Rtn Earn Endowment Incm Other Fnds$20,723,952$21,951,383▲ $1,227,431
Savings and Temporary Cash Investments$9,620,000$8,388,000▼ $1,232,000
Cash and Non-Interest-Bearing Accounts$2,122,347$1,685,359▼ $436,988
Land, Buildings, and Equipment, Net$518,432$378,537▼ $139,895
Investments Program Related$333,000$333,000→ $0
Prepaid Expenses and Deferred Charges$224,828$151,579▼ $73,249
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$182,410,158$182,829,558▲ $419,400
Other Assets Total$6,953,659$7,141,211▲ $187,552
Liabilities
Other Liabilities$160,159,183$159,115,969▼ $1,043,214
Accounts Payable and Accrued Expenses$1,527,023$1,762,206▲ $235,183
Total Liabilities$161,686,206$160,878,175▼ $808,031
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,723,952$21,951,383▲ $1,227,431
Total Liabilities and Net Assets / Fund Balance$182,410,158$182,829,558▲ $419,400

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$168,632$2,054,640$2,223,272
Buildings$163,790$394,896$558,686
Land$44,670-$44,670
Leasehold Improvements$1,445$34,469$35,914
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Phillip KopischkeCEOFT$207,334$70,104$277,438
Julie TannerCFOFT$128,693$15,825$144,518
Todd SandersDirector of Credit & ComplianceFT$113,042$17,414$130,456
Joseph BudnickBoard Chair-$7,200-$7,200
Joe SchmidtDirector-$4,462-$4,462
Curt RittenbachDirector-$4,031-$4,031
Alan PedersonDirector-$3,975-$3,975
Gary HawleyVice Chair-$3,056-$3,056
Nicholas NelsonDirector-$3,006-$3,006
Mike PanDirector-$2,869-$2,869
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,852,293
Investment Income
$859,598
Other Revenue
$0
Change in Net Assets
$1,014,620

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,676,621
Revenue Not Reported on Financial Statements
$35,270
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$35,270
Total Revenue per Audited Statements
$8,676,621
Total Revenue per Form 990
$8,711,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,645,371
Salaries, Compensation, and Employee Benefits$3,064,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,878,580
Benefits to Members---$987,075
Fees for Services Other---$944,709
Other Employee Benefits---$535,362
Current Officers, Directors, Trustees, and Key Employees---$450,556
Occupancy---$375,902
Office Expenses---$331,588
Depreciation Depletion---$213,271
Payroll Taxes---$200,327
Other Expenses---$188,940
All Other Expenses---$53,473
Fees for Services Accounting---$42,000
Travel---$38,675
Fees for Services Legal---$13,315
Insurance---$5,461
Total Functional Expenses$0$0$0$7,697,271

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,697,271
Expenses per Audited Statements$7,662,005
Total Expenses per Audited Statements$7,662,005
Expenses Not Reported on Financial Statements$35,266
Other Expense Adjustments$35,266
Expenses Not Reported on Form 990$0
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Curt RittenbachCurt Rittenbach Is on the Board of Directors of Sharepoint Credit UnionCURT RITTENBACH'S DAUGHTER IS AN EMPLOYEE OF SHAREPOINT CREDIT UNION.No$41,852
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Money Market Shares$40,262,218
Regular Shares$40,208,502
Share Certificates$39,276,042
Ira Accounts$22,175,518
Share Drafts$17,113,406
Other Shares$80,283
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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
No
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 2

“Alan pederson and nicholas nelson - family relationship”

Form 990, Part VI, Section A, Line 6

“The credit union is comprised of a single class of approximately 18,702 member-owners, each of which has equal rights in ownership, governance and voting rights at the annual meetings, with the exception of the member-owners who are elected to the board of directors.”

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

“The member-owners of the credit union have the authority to elect the members of the board of directors for three-year terms on a rotating basis. Candidates are elected by a simple plurality vote. The board of directors appoint volunteers to serve on the supervisory committee, which is vested with monitoring safety and soundship of the organization. If deemed appropriate, the supervisory committee can suspend board members and can call a special meeting of the membership to evaluate the issue and vote to either dismiss or reinstate the board member.”

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

“Changes to the governing documents (bylaws) must be approved by the member-owners after they have been approved by the board of directors and the regulatory agency. Approval occurs when at least 50% of the member-owners vote to approve.”

Form 990, Part VI, Section B, Line 11

“The accounting staff prepares the necessary documents for the completion of the 990. Prior to being filed with the irs, a member of senior management reviews the return for accuracy.”

Form 990, Part VI, Section B, Line 15

“The ceo's compensation is determined by the executive committee of the board. They use comparable industry data produced by cuna to determine the pay range. Performance is documented on an annual review form completed by all board directors. Other key officers are reviewed on an annual basis by the ceo. Pay ranges are determined by industry salary surveys.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted in the credit union's lobbies. Other documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Sharepoint Credit Union
EIN
41-6024250
Phone
9529300700
Address
750 SECOND STREET NE NO 200, HOPKINS, MN 55343

Signing Officer

Name
Julie a Tanner
Title
CFO
Phone
9529300700
Signed
2015-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Kopischke
Formed
1933
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
61
Volunteers
10

Preparer

Firm
Cliftonlarsonallen Llp
Address
PO BOX 217, AUSTIN, MN 55912
Preparer
Sherri Wessels
Phone
5074347000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Bank service charges 17,617. Internet, bill pay, mobile, home banking 53,787. Website 42,271. Computer maintenance 84,324. Professional services 196,618. Exam fees 11,473. Atm expnses 290,744. Data center expense 247,875.”

FORM 990, PART XII, LINE 2C:

“This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The credit union is exempt, under irc 501 (c) (14), from federal and state income taxes. Certain products and services provided by select state chartered credit unions have been deemed by the internal revenue service (irs), in technical advice memorandums (tams) released in 2007, to be unrelated to the specific entity's exempt purpose. As presented in the technical advice memorandums, the net taxable income from these products and services would be subject to income taxes. Credit unions have litigated against the irs positions noted in the tams and have been successful in having courts declare in 2009 and 2010 that revenue from insurance products sold to members, helping them protect their financial wellbeing, qualifies as exempt purpose income, contrary to the irs position in the tams. The credit union has filed tax returns for calendar years 2013 and 2012 for activities it has deemed taxable and has a net operating loss carryforward as of the 2013 calendar year. 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 authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the credit union's exempt purpose is not expected to have a material effect on the credit union's financial position or results of operations. The credit union evaluated its tax positions and determined no uncertain tax positions exist as of december 31, 2014 and 2013. The credit union's 2010 through 2013 tax years are open for examination by federal and state taxing authorities.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Revenue reported on 990 that is shown in expense section of audit report 35,270.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Revenue reported on 990 that is shown in expense section of audit report 35,270. Rounding -4.”

Raw XML AppendixShowing 400 of 434 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/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt05461
IRS990/InvestmentIncomeGrp/ExclusionAmt0866624
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0866624
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0333000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0333000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt041845522
IRS990/InvestmentsPubTradedSecGrp/EOYAmt040481835
IRS990/IRPDocumentCnt07622
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02484005
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0518432
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0378537
IRS990/LandBldgEquipCostOrOtherBssAmt02862542
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0249926
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt020690737
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CREDIT UNION'S MISSION IS TO OFFER COMPETITIVE LOAN AND DEPOSIT PRODUCTS TO OUR MEMBERSHIP TO CREATE LIFELONG FINANCIAL RELATIONSHIPS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt020723952
IRS990/NetAssetsOrFundBalancesEOYAmt021951383
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-7026
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-7026
IRS990/NetUnrelatedBusTxblIncmAmt0-960
IRS990/NetUnrlzdGainsLossesInvstAmt0212811
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0375902
IRS990/OfficeExpensesGrp/TotalAmt0331588
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06953659
IRS990/OtherAssetsTotalGrp/EOYAmt07141211
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0535362
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL AND PROMOTI
IRS990/OtherExpensesGrp/Desc3MISC. EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0740968
IRS990/OtherExpensesGrp/TotalAmt1470943
IRS990/OtherExpensesGrp/TotalAmt2226126
IRS990/OtherExpensesGrp/TotalAmt3188940
IRS990/OtherLiabilitiesGrp/BOYAmt0160159183
IRS990/OtherLiabilitiesGrp/EOYAmt0159115969
IRS990/OtherOrganizationDsc0CU
IRS990/OtherSalariesAndWagesGrp/TotalAmt01878580
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0120792370
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0124270037
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0200327
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0224828
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0151579
IRS990/PrincipalOfficerNm0PHILLIP KOPISCHKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05729530
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11431865
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2685050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05729530
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11431865
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2690898
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt05848
IRS990/ProgSrvcAccomActy2Grp/Desc0DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS AND IN PERSON AT THE CREDIT UNION OFFICES.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01114241
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0922823
IRS990/PYOtherExpensesAmt03556498
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07867661
IRS990/PYRevenuesLessExpensesAmt01008155
IRS990/PYSalariesCompEmpBnftPaidAmt03111590
IRS990/PYTotalExpensesAmt07782329
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08790484
IRS990/ReconcilationRevenueExpnssAmt01014620
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020723952
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt021951383
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09620000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08388000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0163790
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0394896
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0558686
IRS990ScheduleD/EquipmentGrp/BookValueAmt0168632
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02054640
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02223272
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt035266
IRS990ScheduleD/ExpensesSubtotalAmt07662005
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt044670
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt044670
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01445
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt034469
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt035914
IRS990ScheduleD/OtherExpensesNotIncludedAmt035266
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017113406
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt140208502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt240262218
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt339276042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt422175518
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt580283
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4IRA ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5OTHER SHARES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt035270
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt035270
IRS990ScheduleD/RevenueSubtotalAmt08676621
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT, UNDER IRC 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE CREDIT UNION HAS FILED TAX RETURNS FOR CALENDAR YEARS 2013 AND 2012 FOR ACTIVITIES IT HAS DEEMED TAXABLE AND HAS A NET OPERATING LOSS CARRYFORWARD AS OF THE 2013 CALENDAR YEAR. 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 AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2014 AND 2013. THE CREDIT UNION'S 2010 THROUGH 2013 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE REPORTED ON 990 THAT IS SHOWN IN EXPENSE SECTION OF AUDIT REPORT 35,270.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2REVENUE REPORTED ON 990 THAT IS SHOWN IN EXPENSE SECTION OF AUDIT REPORT 35,270. ROUNDING -4.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0378537
IRS990ScheduleD/TotalExpensesPerForm990Amt07697271
IRS990ScheduleD/TotalLiabilityAmt0159115969
IRS990ScheduleD/TotalRevenuePerForm990Amt08711891
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08676621
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07662005
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0207334
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount055143
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07675
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt06851
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0435
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PHILLIP KOPISCHKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0277438
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CEO'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THEY USE COMPARABLE INDUSTRY DATA PRODUCED BY CUNA TO DETERMINE THE PAY RANGE. PERFORMANCE IS DOCUMENTED ON AN ANNUAL REVIEW FORM COMPLETED BY ALL BOARD DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CURT RITTENBACH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CURT RITTENBACH IS ON THE BOARD OF DIRECTORS OF SHAREPOINT CREDIT UNION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt041852
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CURT RITTENBACH'S DAUGHTER IS AN EMPLOYEE OF SHAREPOINT CREDIT UNION.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALAN PEDERSON AND NICHOLAS NELSON - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 18,702 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS, WITH THE EXCEPTION OF THE MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. THE BOARD OF DIRECTORS APPOINT VOLUNTEERS TO SERVE ON THE SUPERVISORY COMMITTEE, WHICH IS VESTED WITH MONITORING SAFETY AND SOUNDSHIP OF THE ORGANIZATION. IF DEEMED APPROPRIATE, THE SUPERVISORY COMMITTEE CAN SUSPEND BOARD MEMBERS AND CAN CALL A SPECIAL MEETING OF THE MEMBERSHIP TO EVALUATE THE ISSUE AND VOTE TO EITHER DISMISS OR REINSTATE THE BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS) MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY. APPROVAL OCCURS WHEN AT LEAST 50% OF THE MEMBER-OWNERS VOTE TO APPROVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ACCOUNTING STAFF PREPARES THE NECESSARY DOCUMENTS FOR THE COMPLETION OF THE 990. PRIOR TO BEING FILED WITH THE IRS, A MEMBER OF SENIOR MANAGEMENT REVIEWS THE RETURN FOR ACCURACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CEO'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THEY USE COMPARABLE INDUSTRY DATA PRODUCED BY CUNA TO DETERMINE THE PAY RANGE. PERFORMANCE IS DOCUMENTED ON AN ANNUAL REVIEW FORM COMPLETED BY ALL BOARD DIRECTORS. OTHER KEY OFFICERS ARE REVIEWED ON AN ANNUAL BASIS BY THE CEO. PAY RANGES ARE DETERMINED BY INDUSTRY SALARY SURVEYS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION'S LOBBIES. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BANK SERVICE CHARGES 17,617. INTERNET, BILL PAY, MOBILE, HOME BANKING 53,787. WEBSITE 42,271. COMPUTER MAINTENANCE 84,324. PROFESSIONAL SERVICES 196,618. EXAM FEES 11,473. ATM EXPNSES 290,744. DATA CENTER EXPENSE 247,875.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
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 IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0182410158
IRS990/TotalAssetsEOYAmt0182829558
IRS990/TotalAssetsGrp/BOYAmt0182410158
IRS990/TotalAssetsGrp/EOYAmt0182829558
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt061
IRS990/TotalFunctionalExpensesGrp/TotalAmt07697271
IRS990/TotalGrossUBIAmt05848
IRS990/TotalLiabilitiesBOYAmt0161686206
IRS990/TotalLiabilitiesEOYAmt0160878175
IRS990/TotalLiabilitiesGrp/BOYAmt0161686206
IRS990/TotalLiabilitiesGrp/EOYAmt0160878175
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020723952
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021951383
IRS990/TotalOtherCompensationAmt047765
IRS990/TotalProgramServiceRevenueAmt07852293
IRS990/TotalReportableCompFromOrgAmt0533246
IRS990/TotalRevenueGrp/ExclusionAmt0859598
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07846445
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08711891
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05848
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0182410158
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0182829558
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt038675
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0750 SECOND STREET NE NO 200

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$182,829,558
Liabilities
$160,878,175
Net assets
$21,951,383
Revenue
$8,711,891
Expenses
$7,697,271
Net income
$1,014,620
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$379$345$33.8$20.0$19.7$0.29
2023Summary only. Only limited summary data is available for this year.$298$270$27.6$13.1$12.5$0.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$302$277$24.6$12.3$10.4$1.83
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$305$273$31.6$12.8$10.1$2.66
2020Summary only. Only limited summary data is available for this year.$274$243$30.4$11.9$11.1$0.70
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$241$211$29.4$12.1$10.8$1.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$235$207$27.8$11.1$10.1$1.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$200$176$24.5$9.37$8.48$0.89
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$194$170$23.7$9.09$8.20$0.89
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$191$168$22.8$8.71$7.54$1.17
2014Detailed filing. Detailed filing data is available for this year.$183$161$22.0$8.71$7.70$1.01
2013Detailed filing. Detailed filing data is available for this year.$182$162$20.7$8.79$7.78$1.01
2012Summary only. Only limited summary data is available for this year.$178$158$20.2$8.34$7.84$0.50
2011Summary only. Only limited summary data is available for this year.$173$153$19.7$8.71$8.65$0.06
2010Summary only. Only limited summary data is available for this year.$169$150$19.6$9.66$9.10$0.56
2009Summary only. Only limited summary data is available for this year.$175$157$18.8$10.2$13.2$3.00
2008Summary only. Only limited summary data is available for this year.$152$131$20.3$10.6$10.3$0.27
Peer Organizations

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