Civic Intelligence

Sharepoint Credit Union

990 • Fiscal year 2017 • EIN 41-6024250

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 01, 2018

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.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

57th percentile

18.75x

Higher debt load relative to revenue than 57% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

45th percentile

9.5%

Higher net margin than 45% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$352,688

Higher top officer pay than 91% of similar nonprofits.

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

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

44th percentile

3.4%

Faster asset growth than 44% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

29th percentile

3.1%

Faster revenue growth than 29% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$200,148,899

Up $6,531,303 (+3.4%) from 2016

Net Assets

Up

$24,481,469

Up $782,136 (+3.3%) from 2016

Liabilities

Up

$175,667,430

Up $5,749,167 (+3.4%) from 2016

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin45th percentile

Revenue

Up

$9,368,856

Up $282,203 (+3.1%) from 2016

Expenses

Up

$8,478,511

Up $278,772 (+3.4%) from 2016

Net Income

Up

$890,345

Up $3,431 (+0.4%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2017

Assets$200,148,899
Liabilities$175,667,430
Net Assets$24,481,469
Open 2017 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

2017

Revenue$9,368,856
Expenses$8,478,511
Net Income$890,345
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 1, 2018
Return Version
2017v2.3
Gross Receipts
$9,439,720
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$138,238,802$146,334,901▲ $8,096,099
Investments in Publicly Traded Securities$33,464,819$28,367,724▼ $5,097,095
Rtn Earn Endowment Incm Other Fnds$23,699,333$24,481,469▲ $782,136
Savings and Temporary Cash Investments$6,336,000$7,357,000▲ $1,021,000
Cash and Non-Interest-Bearing Accounts$2,203,319$3,686,466▲ $1,483,147
Land, Buildings, and Equipment, Net$3,208,315$3,049,188▼ $159,127
Investments Program Related$333,000$333,000→ $0
Prepaid Expenses and Deferred Charges$232,505$332,494▲ $99,989
Accounts Receivable$2,763$0▼ $2,763
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$193,617,596$200,148,899▲ $6,531,303
Other Assets Total$9,598,073$10,688,126▲ $1,090,053
Liabilities
Other Liabilities$167,937,910$173,674,162▲ $5,736,252
Accounts Payable and Accrued Expenses$1,980,353$1,993,268▲ $12,915
Total Liabilities$169,918,263$175,667,430▲ $5,749,167
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,699,333$24,481,469▲ $782,136
Total Liabilities and Net Assets / Fund Balance$193,617,596$200,148,899▲ $6,531,303

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$626,090$1,683,986$2,310,076
Buildings$1,545,133$583,108$2,128,241
Land$877,965-$877,965
Leasehold Improvements$0$35,914$35,914
Other Assets Org$4,141,101--
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Phillip KopischkeCEOFT$205,564$147,124$352,688
Julie TannerCFOFT$118,645$80,267$198,912
Mike PanDirector-$6,255-$6,255
Alan PedersonDirector-$5,107-$5,107
Gary HawleyDirector-$5,040-$5,040
Curt RittenbachSecretary-$4,455-$4,455
Joseph SchmidtBoard Chair-$4,433-$4,433
Todd CorboDirector-$4,050-$4,050
Joseph BudnickDirector-$3,532-$3,532
Nicholas NelsonVice Chair-$2,722-$2,722
Scott WeichtDirector-$2,070-$2,070
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,613,177
Investment Income
$696,190
Other Revenue
$59,489
Change in Net Assets
$890,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,050,714
Salaries, Compensation, and Employee Benefits$3,743,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,405,686
Fees for Services Other---$1,217,447
Benefits to Members---$684,110
Current Officers, Directors, Trustees, and Key Employees---$589,264
Other Employee Benefits---$519,668
Occupancy---$418,938
Office Expenses---$293,717
Depreciation Depletion---$278,822
Payroll Taxes---$229,069
Other Expenses---$193,021
All Other Expenses---$46,205
Travel---$30,300
Fees for Services Accounting---$29,900
Fees for Services Legal---$28,815
Insurance---$4,688
Total Functional Expenses$0$0$0$8,478,511
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
Kelli TannerDaughter of Julie Tanner (cfo of Sharepoint Credit Union)JULIE TANNER'S DAUGHTER IS AN EMPLOYEE OF SHAREPOINT CREDIT UNION.No$35,472
Kelsey BergfalkDaughter of Curt Rittenbach (board Member of Sharepoint Credit Union)CURT RITTENBACH'S DAUGHTER WAS AN EMPLOYEE OF SHAREPOINT CREDIT UNION FOR PART OF 2017.No$14,284
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$52,608,436
Money Market Shares$43,731,009
Share Certificates$33,131,512
Share Drafts$26,440,208
Ira Accounts$17,676,861
Other Shares$86,136
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 15A

“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
2018-11-01
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
Tanya Medgaarden
Phone
5074347000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Bank service charges 17,603. Internet, bill pay, mobile, home banking 58,463. Website 8,057. Computer maintenance 119,583. Professional services 322,117. Exam fees 16,305. Atm expnses 365,034. Data center expense 310,285.”

FORM 990, PART IV, LINE 12A & FORM 990, PART XII, LINE 2B:

“Audited financial statements - the financial statements were audited on a seperate basis and done as of march 31. Therefore, the reporting period for the audit does not match the reporting period for the 990. The organization does have a committee that assumes responsibility for oversight of the audit and selection of an independent accountant.”

Form 990, Part XII, Line 2C

“The process for oversight of the audit and selection of an independent accountant as 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, 2018 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, 2018. The credit union's 2014 through 2017 tax years are open for examination by federal and state taxing authorities.”

Raw XML AppendixShowing 400 of 479 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01980353
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01993268
IRS990/AccountsReceivableGrp/BOYAmt02763
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CREDIT UNION'S MISSION IS TO OFFER COMPETITIVE DEPOSIT AND LOAN PRODUCTS TO OUR MEMBERSHIP TO CREATE LIFELONG FINANCIAL RELATIONSHIPS.
IRS990/AllOtherExpensesGrp/TotalAmt046205
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt0684110
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JULIE TANNER
IRS990/BooksInCareOfDetail/PhoneNum09529300700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05300 HYLAND GREENS DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BLOOMINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055437
IRS990/BusinessRlnWithFamMemInd01
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt02203319
IRS990/CashNonInterestBearingGrp/EOYAmt03686466
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0589264
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt0684110
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0696190
IRS990/CYOtherExpensesAmt04050714
IRS990/CYOtherRevenueAmt059489
IRS990/CYProgramServiceRevenueAmt08613177
IRS990/CYRevenuesLessExpensesAmt0890345
IRS990/CYSalariesCompEmpBnftPaidAmt03743687
IRS990/CYTotalExpensesAmt08478511
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09368856
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0278822
IRS990/Desc0DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 24,000 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 19,000 MEMBERS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt070
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt029900
IRS990/FeesForServicesLegalGrp/TotalAmt028815
IRS990/FeesForServicesOtherGrp/TotalAmt01217447
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt992524
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1059440
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH BUDNICK
IRS990/Form990PartVIISectionAGrp/PersonNm1JOSEPH SCHMIDT
IRS990/Form990PartVIISectionAGrp/PersonNm2GARY HAWLEY
IRS990/Form990PartVIISectionAGrp/PersonNm3CURT RITTENBACH
IRS990/Form990PartVIISectionAGrp/PersonNm4NICHOLAS NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm5MIKE PAN
IRS990/Form990PartVIISectionAGrp/PersonNm6ALAN PEDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7TODD CORBO
IRS990/Form990PartVIISectionAGrp/PersonNm8SCOTT WEICHT
IRS990/Form990PartVIISectionAGrp/PersonNm9PHILLIP KOPISCHKE
IRS990/Form990PartVIISectionAGrp/PersonNm10JULIE TANNER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt03532
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14433
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25040
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt34455
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt42722
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt56255
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt65107
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt74050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt82070
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9260164
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10139472
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01933
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-66312
IRS990/GainOrLossGrp/SecuritiesAmt0-2319
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02233
IRS990/GrossReceiptsAmt09439720
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt04688
IRS990/InvestmentIncomeGrp/ExclusionAmt0764821
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0764821
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0333000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0333000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt033464819
IRS990/InvestmentsPubTradedSecGrp/EOYAmt028367724
IRS990/IRPDocumentCnt07996
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02303008
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03208315
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03049188
IRS990/LandBldgEquipCostOrOtherBssAmt05352196
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt066312
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04552
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
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/NetAssetsOrFundBalancesBOYAmt023699333
IRS990/NetAssetsOrFundBalancesEOYAmt024481469
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-68631
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-68631
IRS990/NetUnrelatedBusTxblIncmAmt0-1150
IRS990/NetUnrlzdGainsLossesInvstAmt0-108209
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0418938
IRS990/OfficeExpensesGrp/TotalAmt0293717
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09598073
IRS990/OtherAssetsTotalGrp/EOYAmt010688126
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0519668
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL AND PROMOTI
IRS990/OtherExpensesGrp/Desc3MISC. EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0887089
IRS990/OtherExpensesGrp/TotalAmt1333086
IRS990/OtherExpensesGrp/TotalAmt2288686
IRS990/OtherExpensesGrp/TotalAmt3193021
IRS990/OtherLiabilitiesGrp/BOYAmt0167937910
IRS990/OtherLiabilitiesGrp/EOYAmt0173674162
IRS990/OtherOrganizationDsc0CU
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER NON-OPERATING IN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt059489
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt059489
IRS990/OtherRevenueTotalAmt059489
IRS990/OtherSalariesAndWagesGrp/TotalAmt02405686
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0138238802
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0146334901
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0229069
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0232505
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0332494
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/RelatedOrExemptFuncIncomeAmt06118926
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11759671
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2728380
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06118926
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11759671
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2734580
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt06200
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/PYBenefitsPaidToMembersAmt0694441
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0795223
IRS990/PYOtherExpensesAmt03984420
IRS990/PYOtherRevenueAmt050755
IRS990/PYProgramServiceRevenueAmt08240675
IRS990/PYRevenuesLessExpensesAmt0886914
IRS990/PYSalariesCompEmpBnftPaidAmt03520878
IRS990/PYTotalExpensesAmt08199739
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09086653
IRS990/ReconcilationRevenueExpnssAmt0890345
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt023699333
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt024481469
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06336000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07357000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01545133
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0583108
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02128241
IRS990ScheduleD/EquipmentGrp/BookValueAmt0626090
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01683986
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02310076
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0877965
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0877965
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt035914
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt035914
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt023020
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11693642
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2427089
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt34403274
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt44141101
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FORECLOSED ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3EB INS. PLAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026440208
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt152608436
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt243731009
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt333131512
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt417676861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt586136
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, 2018 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, 2018. THE CREDIT UNION'S 2014 THROUGH 2017 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03049188
IRS990ScheduleD/TotalBookValueOtherAssetsAmt010688126
IRS990ScheduleD/TotalLiabilityAmt0173674162
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0205564
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1118645
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount054600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount120827
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/NontaxableBenefitsFilingOrgAmt025000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt122000
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/TotalCompensationFilingOrgAmt0352688
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1198912
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 2017 JULIE TANNER - PARTICIPATED IN NON-QUALIFIED 457F PLAN - PAID OUT $102,968 IN 2017
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KELSEY BERGFALK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1KELLI TANNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DAUGHTER OF CURT RITTENBACH (BOARD MEMBER OF SHAREPOINT CREDIT UNION)
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DAUGHTER OF JULIE TANNER (CFO OF SHAREPOINT CREDIT UNION)
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt014284
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt135472
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CURT RITTENBACH'S DAUGHTER WAS AN EMPLOYEE OF SHAREPOINT CREDIT UNION FOR PART OF 2017.
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 17,603. INTERNET, BILL PAY, MOBILE, HOME BANKING 58,463. WEBSITE 8,057. COMPUTER MAINTENANCE 119,583. PROFESSIONAL SERVICES 322,117. EXAM FEES 16,305. ATM EXPNSES 365,034. DATA CENTER EXPENSE 310,285.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AUDITED FINANCIAL STATEMENTS - THE FINANCIAL STATEMENTS WERE AUDITED ON A SEPERATE BASIS AND DONE AS OF MARCH 31. THEREFORE, THE REPORTING PERIOD FOR THE AUDIT DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. THE ORGANIZATION DOES HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT AS 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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IV, LINE 12A & FORM 990, PART XII, LINE 2B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$200,148,899
Liabilities
$175,667,430
Net assets
$24,481,469
Revenue
$9,368,856
Expenses
$8,478,511
Net income
$890,345
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
2017Detailed filing. Detailed filing data is available for this year.$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