Civic Intelligence

Sharepoint Credit Union

990 • Fiscal year 2016 • EIN 41-6024250

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 03, 2017

Organization ProfileWWW.SHAREPOINTCU.COM

View Organization Page

5300 Hyland Greens DriveBloomington, MN 55437

(952) 930-0700

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.88x

Higher debt load relative to assets than 32% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

18.70x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Net Margin

46th percentile

9.8%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

91st percentile

$344,787

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Asset Growth

25th percentile

1.5%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

39th percentile

4.4%

Faster revenue growth than 39% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$193,617,596

Up $2,834,322 (+1.5%) from 2015

Net Assets

Up

$23,699,333

Up $945,155 (+4.2%) from 2015

Liabilities

Up

$169,918,263

Up $1,889,167 (+1.1%) from 2015

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin46th percentile

Revenue

Up

$9,086,653

Up $379,047 (+4.4%) from 2015

Expenses

Up

$8,199,739

Up $664,267 (+8.8%) from 2015

Net Income

Down

$886,914

Down $285,220 (-24%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2016

Assets$193,617,596
Liabilities$169,918,263
Net Assets$23,699,333
Open 2016 Filing

Operations Trend

Revenue Growth39th 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

2016

Revenue$9,086,653
Expenses$8,199,739
Net Income$886,914
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 3, 2017
Return Version
2016v3.0
Gross Receipts
$10,257,783
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$130,677,717$138,238,802▲ $7,561,085
Investments in Publicly Traded Securities$40,747,037$33,464,819▼ $7,282,218
Rtn Earn Endowment Incm Other Fnds$22,754,178$23,699,333▲ $945,155
Savings and Temporary Cash Investments$7,998,000$6,336,000▼ $1,662,000
Land, Buildings, and Equipment, Net$1,413,806$3,208,315▲ $1,794,509
Cash and Non-Interest-Bearing Accounts$1,698,207$2,203,319▲ $505,112
Investments Program Related$333,000$333,000→ $0
Prepaid Expenses and Deferred Charges$153,583$232,505▲ $78,922
Accounts Receivable$939,960$2,763▼ $937,197
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$190,783,274$193,617,596▲ $2,834,322
Other Assets Total$6,821,964$9,598,073▲ $2,776,109
Liabilities
Other Liabilities$166,185,556$167,937,910▲ $1,752,354
Accounts Payable and Accrued Expenses$1,843,540$1,980,353▲ $136,813
Total Liabilities$168,029,096$169,918,263▲ $1,889,167
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,754,178$23,699,333▲ $945,155
Total Liabilities and Net Assets / Fund Balance$190,783,274$193,617,596▲ $2,834,322

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$765,856$1,487,555$2,253,411
Buildings$1,608,013$493,213$2,101,226
Land$834,446-$834,446
Leasehold Improvements$0$35,914$35,914
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Phillip KopischkeCEOFT$196,263$148,524$344,787
Julie TannerCFOFT$108,439$86,440$194,879
Todd SandersDirector of Lending & ComplFT$108,454$15,500$123,954
Joseph SchmidtBoard Chair-$5,242-$5,242
Curt RittenbachSecretary-$4,455-$4,455
Gary HawleyDirector-$4,410-$4,410
Mike PanDirector-$3,735-$3,735
Nicholas NelsonVice Chair-$3,645-$3,645
Alan PedersonDirector-$3,352-$3,352
Joseph BudnickDirector-$2,790-$2,790
Todd CorboDirector-$1,530-$1,530
Scott WeichtDirector-$1,305-$1,305
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,240,675
Investment Income
$795,223
Other Revenue
$50,755
Change in Net Assets
$886,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,984,420
Salaries, Compensation, and Employee Benefits$3,520,878
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,107,527
Fees for Services Other---$1,181,168
Benefits to Members---$694,441
Other Employee Benefits---$621,578
Current Officers, Directors, Trustees, and Key Employees---$570,130
Occupancy---$497,579
Office Expenses---$318,423
Other Expenses---$226,379
Payroll Taxes---$221,643
Depreciation Depletion---$189,150
Travel---$44,672
All Other Expenses---$38,182
Fees for Services Accounting---$26,455
Fees for Services Legal---$25,699
Insurance---$5,000
Interest---$5
Total Functional Expenses$0$0$0$8,199,739
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$39,019
Julie TannerJulie Tanner Is the CFO of Sharepoint Credit UnionJULIE TANNER'S DAUGHTER IS AN EMPLOYEE OF SHAREPOINT CREDIT UNION.No$32,146
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$48,904,113
Money Market Shares$44,116,949
Share Certificates$33,201,651
Share Drafts$22,791,260
Ira Accounts$18,843,627
Other Shares$80,310
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 19,000 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 11B

“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
5300 HYLAND GREENS DRIVE, BLOOMINGTON, MN 55437

Signing Officer

Name
Julie a Tanner
Title
CFO
Phone
9529300700
Signed
2017-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Kopischke
Formed
1933
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
70
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
PO BOX 217, AUSTIN, MN 55912
Preparer
Katherine L Simmons
Phone
5074347000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Bank service charges 18,283. Internet, bill pay, mobile, home banking 48,932. Website 37,492. Computer maintenance 99,370. Professional services 281,790. Exam fees 11,726. Atm expnses 388,435. Data center expense 295,140.”

FORM 990, PART XII, LINE 2B:

“Audited financial statements - the audit was done as of 3/31. Therefore, the reporting period for the audit does not match the reporting period for the 990.”

Form 990, Part XII, Line 2C

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

Financial Statement Notes

PART X, LINE 2:

“As allowed by state regulatory authorities, the audit is done as of march 31. The reporting period for the audit, therefore, does not match the reporting period for the 990. Per footnote 1 in the credit union's march 31, 2017 financial statements, 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 in the past for activities it has deemed taxable and has no net operating loss carryforward as of the 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 march 31, 2017. The credit union's 2013 through 2016 tax years are open for examination by federal and state taxing authorities.”

Raw XML AppendixShowing 400 of 475 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/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-18069
IRS990/GainOrLossGrp/SecuritiesAmt09855
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0173385
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0989531
IRS990/GrossReceiptsAmt010257783
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt05000
IRS990/InterestGrp/TotalAmt05
IRS990/InvestmentIncomeGrp/ExclusionAmt0803437
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0803437
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0333000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0333000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt040747037
IRS990/InvestmentsPubTradedSecGrp/EOYAmt033464819
IRS990/IRPDocumentCnt03173
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02016682
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01413806
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03208315
IRS990/LandBldgEquipCostOrOtherBssAmt05224997
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0191454
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0979676
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/NetAssetsOrFundBalancesBOYAmt022754178
IRS990/NetAssetsOrFundBalancesEOYAmt023699333
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-8214
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-8214
IRS990/NetUnrelatedBusTxblIncmAmt0-1518
IRS990/NetUnrlzdGainsLossesInvstAmt058174
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0497579
IRS990/OfficeExpensesGrp/TotalAmt0318423
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06821964
IRS990/OtherAssetsTotalGrp/EOYAmt09598073
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0621578
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1EDUCATIONAL AND PROMOTI
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3MISC. EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0850857
IRS990/OtherExpensesGrp/TotalAmt1330349
IRS990/OtherExpensesGrp/TotalAmt2250502
IRS990/OtherExpensesGrp/TotalAmt3226379
IRS990/OtherLiabilitiesGrp/BOYAmt0166185556
IRS990/OtherLiabilitiesGrp/EOYAmt0167937910
IRS990/OtherOrganizationDsc0CU
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER NON-OPERATING IN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt050755
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050755
IRS990/OtherRevenueTotalAmt050755
IRS990/OtherSalariesAndWagesGrp/TotalAmt02107527
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0130677717
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0138238802
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0221643
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0153583
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0232505
IRS990/PrincipalOfficerNm0PHILLIP KOPISCHKE
IRS990/PriorPeriodAdjustmentsAmt067
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/RelatedOrExemptFuncIncomeAmt05607393
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11941603
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2685847
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05607393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11941603
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2691679
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt05832
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING SAVINGS DEPOSIT SERVICES, ORGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0RECORDING 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/PYBenefitsPaidToMembersAmt0773573
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0777627
IRS990/PYOtherExpensesAmt03616467
IRS990/PYOtherRevenueAmt010024
IRS990/PYProgramServiceRevenueAmt07919955
IRS990/PYRevenuesLessExpensesAmt01172134
IRS990/PYSalariesCompEmpBnftPaidAmt03145432
IRS990/PYTotalExpensesAmt07535472
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08707606
IRS990/ReconcilationRevenueExpnssAmt0886914
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt022754178
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt023699333
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07998000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06336000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01608013
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0493213
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02101226
IRS990ScheduleD/EquipmentGrp/BookValueAmt0765856
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01487555
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02253411
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0834446
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0834446
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt035914
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt035914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022791260
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt148904113
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt244116949
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt333201651
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt418843627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt580310
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/SupplementalInformationDetail/ExplanationTxt0AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF MARCH 31. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. PER FOOTNOTE 1 IN THE CREDIT UNION'S MARCH 31, 2017 FINANCIAL STATEMENTS, 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 IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AND HAS NO NET OPERATING LOSS CARRYFORWARD AS OF THE 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 MARCH 31, 2017. THE CREDIT UNION'S 2013 THROUGH 2016 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03208315
IRS990ScheduleD/TotalLiabilityAmt0167937910
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0196263
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1108439
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount055000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount129000
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/DeferredCompensationFlngOrgAmt067524
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt137440
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt120000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PHILLIP KOPISCHKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JULIE TANNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0344787
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1194879
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
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/ExplanationTxt1PHILLIP KOPISCHKE - PARTICIPATED IN NON-QUALIFIED 457F PLAN - NO PAYOUT IN 2016 JULIE TANNER - PARTICIPATED IN NON-QUALIFIED 457F PLAN - NO PAYOUT IN 2016
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CURT RITTENBACH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JULIE TANNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CURT RITTENBACH IS ON THE BOARD OF DIRECTORS OF SHAREPOINT CREDIT UNION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1JULIE TANNER IS THE CFO OF SHAREPOINT CREDIT UNION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt039019
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt132146
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CURT RITTENBACH'S DAUGHTER IS AN EMPLOYEE OF SHAREPOINT CREDIT UNION.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1JULIE TANNER'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 19,000 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 18,283. INTERNET, BILL PAY, MOBILE, HOME BANKING 48,932. WEBSITE 37,492. COMPUTER MAINTENANCE 99,370. PROFESSIONAL SERVICES 281,790. EXAM FEES 11,726. ATM EXPNSES 388,435. DATA CENTER EXPENSE 295,140.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AUDITED FINANCIAL STATEMENTS - THE AUDIT WAS DONE AS OF 3/31. THEREFORE, THE REPORTING PERIOD FOR THE AUDIT DOES NOT MATCH THE REPORTING PERIOD FOR THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THIS 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 11B
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 2B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$193,617,596
Liabilities
$169,918,263
Net assets
$23,699,333
Revenue
$9,086,653
Expenses
$8,199,739
Net income
$886,914
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
2016Detailed filing. Detailed filing data is available for this year.$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